for the Period Ended 30 June 2025
| Directors report | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 June 2025
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 July 2024
to
30 June 2025
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
As at
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| Tangible assets: | 3 |
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| Creditors: amounts falling due after more than one year: | 4 |
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The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 June 2025
Basis of measurement and preparation
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 June 2025
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for the Period Ended 30 June 2025
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for the Period Ended 30 June 2025
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Below are our short and medium goals for Upcycled Glass Company CIC. We are simply building a workshop and installing equipment and services in this financial year. The money in our account was raised through crowdfunding and will be carried forward into 2022-2023 to pay for the workshop build, equipment and installation of services. *Glassblowing has been added to the 'critically endangered' category of the Heritage Crafts Association, mainly because the costs of running a workshop have become simply too expensive for existing SME’s and new start-ups. *UGC hopes begin trading in the financial year 2022-2023. We are developing lots of exciting ideas and products which will be launched over the next few years. From environmentally friendly products to low emission glassmaking equipment, UGC will be instrumental in creating a new way of working, with an environmentally and financially sustainable business model within the innovative local circular economy we are creating. * The community will benefit from a reduction in waste in the area. There is a major ecological problem in that, unlike container glass, end of life building glass cannot be recycled into glass products. Our community interest company will melt end of life building glass and process it into high value art, design and production glass currently valued at £2,500 per tonne, and exclusively imported from the EU. There is no UK supplier of high value glass. The natural ingredients we need to process the waste glass will be harvested on Brimpts Farm using methods and processes we have found in historical documentation and manuscripts dating from the before the industrial revolution. This process uses bracken from Dartmoor, turning a nuisance to farmers into a valuable saleable material. As an added environmental impact, the sustainable removal of Bracken will naturally create new wildflower meadows. *Once we have proved our process, we will work to duplicate this methodology across the UK, kick starting start-ups and a new sustainable glass sector. *Local people will benefit from the ability to attend courses and workshops designed to teach the endangered skill of glassblowing alongside new digital design technologies, which will transform these ‘outdated’ processes into the modern sustainable methods needed to tackle the environment crisis. Ex-forces, police and regional general public will benefit as our courses will also include wellbeing and mental health modules to aid in recovery or management of PTSD and behavioural disorders. *Regional glassmakers will benefit, as they will have an affordable place to hire to make work and train under the guidance of internationally known designers, glassmakers and qualified teachers.
The company’s stakeholders will be local people and visitors to the farm. The local SME, Teign Valley Glass Studios are supplying their coloured waste glass and will help to upscale the process when we have saleable upcycled glass glass recipes developed by the UGC team. We have links with many farms over Dartmoor and hope that the development of our process will generate an income for them. Although we are concentrating on the regional community, the glass community is global. Long term, we aim to reproduce our business model globally, aiding the setup of many new start-ups regionally, nationally and globally and providing support for the development of Arts, Design, technical research, education, history and heritage projects. At this point there has been no consultation.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
24 September 2025
And signed on behalf of the board by:
Name: Ian Hankey
Status: Director