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REGISTERED NUMBER: 11800770 (England and Wales)

| Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| Novasol Chemicals UK Limited |

Novasol Chemicals UK Limited (Registered number: 11800770)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Novasol Chemicals UK Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | F X O M Coiffard

| A L Okmez

| SECRETARY: | MYUKOFFICE LTD

| REGISTERED OFFICE: | 8 Northumberland Avenue

| London

| WC2N 5BY

| REGISTERED NUMBER: | 11800770 (England and Wales)

| AUDITORS: | Try Lunn & Co

| Chartered Accountants

| and Statutory Auditors

| Roland House

| Princes Dock Street

| HULL HU1 2LD

Novasol Chemicals UK Limited (Registered number: 11800770)

Balance Sheet

31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

CURRENT ASSETS

Stocks | 246,360 |  | 346,538 |  |

Debtors | 4 | 2,526,298 |  | 1,713,455 |  |

2,772,658 |  | 2,059,993 |  |

CREDITORS

Amounts falling due within one year | 5 | 939,109 |  | 968,060 |  |

NET CURRENT ASSETS | 1,833,549 |  | 1,091,933 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,833,549 |  | 1,091,933 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 100 |  | 100 |  |

Retained earnings | 8 | 1,833,449 |  | 1,091,833 |  |

SHAREHOLDERS' FUNDS | 1,833,549 |  | 1,091,933 |  |

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

A L Okmez - Director

Novasol Chemicals UK Limited (Registered number: 11800770)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Novasol Chemicals UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The company purchases the majority of its goods from the Novasol group and receives financial and operational support from the Novasol group, and is reliant on the Novasol group for these reasons. The directors of Novasol group have agreed to provide such support to ensure the company will be able to meet its debts as they fall due for the foreseeable future and the financial statements have therefore been prepared on the going concern basis.

| Turnover

| Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Revenue on the sale of goods is recognised on the transfer of goods in accordance with the company's terms of sale. Revenue relating to services is recognised when the company has performed its obligations, in accordance with contractual terms.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| The Company values its inventory using the FIFO method.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Novasol Chemicals UK Limited (Registered number: 11800770)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2023 - 4 ) .

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 684,323 |  | 834,327 |  |

| Amounts owed by participating interests | 1,724,616 |  | 692,929 |  |

| Other debtors | 117,359 |  | 186,199 |  |

2,526,298 |  | 1,713,455 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 419,654 |  | 299,526 |  |

| Trade creditors | 54,867 |  | 24,801 |  |

| Taxation and social security | 435,212 |  | 415,605 |  |

| Other creditors | 29,376 |  | 228,128 |  |

939,109 |  | 968,060 |  |

6. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 419,654 |  | 299,526 |  |

| The company uses KBC Commercial Finance NV invoice factoring. There is a fixed charge over book debts and proceeds of book debts.

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

Novasol Chemicals UK Limited (Registered number: 11800770)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

8. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2024 | 1,091,833 |  |

| Profit for the year | 741,616 |  |

| At 31 December 2024 | 1,833,449 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Simon Moss FCCA (Senior Statutory Auditor)

| for and on behalf of Try Lunn & Co

10. | RELATED PARTY DISCLOSURES

| During the year the company made sales of goods and services totalling £8,716 (2023: £NIL) to Novasol NV, the parent company of Novasol Chemicals UK Limited.

| Also during the year the company purchased goods and services from Novasol NV totalling £3,269,789 (2023: £3,560,265) and the company made loans totalling £1,156,421 to Novasol NV (2023: £992,739).

| At the balance sheet date £1,724,616 was owed to the company by Novasol NV (2023: £692,929). This balance is interest free and repayable on demand.

| During the year the company purchased services from Cougar Consulting SPRL, a company in which the director Mr C E Fickers is a 100% shareholder, totalling £7,699 (2023: £28,624). At the balance sheet date an amount of £NIL was owed to Cougar Consulting SPRL (2023: £NIL).

11. | CONTROLLING PARTIES

| The controlling party is Novasol NV, a company incorporated in Belgium.

| The ultimate controlling party is F X O M Coiffard.