The directors present their annual report and financial statements for the year ended 31 December 2024.

The principal activity of the company is that of a holding company of a trading group.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Hymid Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 12-16 Woodland Close, Torquay, Devon, TQ2 7BD.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The average monthly number of persons (including directors) employed by the company during the year was:

Other creditors includes a balance of £172,616 (2023: £171,758) owed to two directors. The balance is unsecured and deemed repayable on demand.

EMI share options have been granted to five employees of the company's trading subsidiary. These provide the employees with options to acquire shares in the company at an agreed exercise price of £41.67 per share.

The total number of shares over which options have been granted is 3,000 Ordinary shares of £0.01 each (600 per scheme employee).

EMI share options have been granted to five employees of the company.

The options vest in stages as the vesting conditions are met. The vesting conditions are linked to the results achieved by the company's 100% trading subsidiary, Hymid Multi-Shot Limited. At the end of the period, one of the six vesting criteria had been met (2023: one) and all option holders are expected to remain in employment within the trading group during the vesting period.

As at the balance sheet date, the fair value of the shares options was £4,427 (2023: £20,835). Movements in the fair value of the options are recognised as employee remuneration.