REGISTERED NUMBER: 00684096 (England and Wales)

OPTIMA INTERNATIONAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2025

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

8

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

661,774

625,863

Investments

6

103

103

661,877

625,966

CURRENT ASSETS

Stocks

7

698,431

685,118

Debtors

8

363,759

2,583,344

Cash at bank and in hand

2,036,088

1,905,327

3,098,278

5,173,789

CREDITORS

Amounts falling due within one year

9

533,212

666,096

NET CURRENT ASSETS

2,565,066

4,507,693

TOTAL ASSETS LESS CURRENT LIABILITIES

3,226,943

5,133,659

PROVISIONS FOR LIABILITIES

120,243

132,045

NET ASSETS

3,106,700

5,001,614

CAPITAL AND RESERVES

Called up share capital

11

21,000

21,000

Other reserves

20,000

20,000

Retained earnings

3,065,700

4,960,614

SHAREHOLDERS' FUNDS

3,106,700

5,001,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th September 2025 and were signed on its behalf by:

A Yarnell-Spence - Director

1.	STATUTORY INFORMATION

Optima International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00684096

Registered office:

Optima House

Askern Road, Toll Bar

Doncaster

South Yorkshire

DN5 0QY

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.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Optima International Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and collection of goods by the customer or delivery of the goods to the customer.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised on a straight line basis over 10 years. The directors consider this represents a reasonable approximation of its useful life.

Intangible assets

Patents are shown at historical cost less accumulated amortisation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost. less any estimated residual value, over their useful life as follows:

Asset Class

Amortisation method and rate

Trademarks, Patents and Licences

20 years straight line

Goodwill

10 years straight line

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset Class

Depreciation method and rate

Plant and Machinery

Between 10% and 25% straight line per annum

Motor Vehicles

16.67% per annum

Fixtures and fittings

Between 10% and 25% straight line per annum

Leasehold improvements

5% per annum

Investments in subsidiaries

Fixed asset investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at historical cost less provision for any diminution in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

Financial instruments

The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Statement of Income and Retained Earnings and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Provisions

A provision is recognised when there is a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation..

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 36 (2024 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1st June 2024

and 31st May 2025

90,968

12,779

103,747

AMORTISATION

At 1st June 2024

and 31st May 2025

90,968

12,779

103,747

NET BOOK VALUE

At 31st May 2025

-

-

-

At 31st May 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st June 2024

89,328

2,489,633

2,578,961

Additions

10,166

140,901

151,067

Disposals

-

(19,570

)

(19,570

)

At 31st May 2025

99,494

2,610,964

2,710,458

DEPRECIATION

At 1st June 2024

5,129

1,947,969

1,953,098

Charge for year

5,141

110,015

115,156

Eliminated on disposal

-

(19,570

)

(19,570

)

At 31st May 2025

10,270

2,038,414

2,048,684

NET BOOK VALUE

At 31st May 2025

89,224

572,550

661,774

At 31st May 2024

84,199

541,664

625,863

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st June 2024

and 31st May 2025

6,100

PROVISIONS

At 1st June 2024

and 31st May 2025

5,997

NET BOOK VALUE

At 31st May 2025

103

At 31st May 2024

103

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

Subsidiary Undertakings

2025

2024

Wedge Wire Screens Limited

England

Ordinary

100%

100%

Optima House, Askern Road, Toll Bar,

Doncaster, South Yorkshire, DN5 0QY

Optimum Systems Limited

England

Ordinary

100%

100%

Optima House, Askern Road, Toll Bar,

Doncaster, South Yorkshire, DN5 0QY

Sampling Engineering Systems Limited

England

Ordinary

100%

100%

Optima House, Askern Road, Toll Bar,

Doncaster, South Yorkshire, DN5 0QY

Bra-in Screen Solutions Industria Ltda

Brazil

Ordinary

50%

50%

Avenida Marginal Jose OsvaldoMarques,

1614 - Jardim Recreio dos Bandeirantes,

Sertaozinho

The principal activity of Bra-in Screen Solutions lndustria Ltda is the manufacture of wedge wire screening.

The loss for the financial period ended 31 December 2024 is £4,599 (2023: £1,400) and the aggregate amount of capital and reserves at the end of the period was £50,155 (2023: £70,140).

The impairment in Bra-in Screen Solutions lndustria Ltda is due to the worsening economic situation in Brazil and also the continued poor performance of the Company.

The three UK based subsidiary undertakings are all dormant companies.

7.

STOCKS

2025

2024

£

£

Inventories

698,431

685,118

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

272,384

678,355

Amounts owed by group undertakings

-

1,834,259

Other debtors

91,375

70,730

363,759

2,583,344

Amounts included within other debtors totalling £11,754 (2024: £8,834) relate to amounts owed from a company in which A Yarnell and C Spiller are directors of.

Amounts included within other debtors are amounts owed from a director of £72 (2024: £nil). No interest is charged on loans to directors and there is no fixed date for repayment.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

295,220

427,437

Amounts owed to group undertakings

89,000

1,000

Taxation and social security

104,256

187,656

Other creditors

44,736

50,003

533,212

666,096

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

6,598

11,915

Between one and five years

-

6,598

6,598

18,513

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

21,000

Ordinary

£1

21,000

21,000

12.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the Balance Sheet is £1,144,000 (2024: £1,232,000).The company signed a lease with Optima House Limited to lease the factory building at a rate of £88,000 per annum.

13.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is Optima House Limited, incorporated in England.

The most senior parent entity producing publicly available financial statements is Optima House Limited . These financial statements are available upon request from Optima House. Askern Road Tollbar. Doncaster, South Yorkshire, DN5 OQY