REGISTERED NUMBER: 03851161 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EURO-MATIC (BRAZIL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M C Kolsema

REGISTERED OFFICE:

c/o Plasticum Norwich Ltd

Stanford Tuck Road

North Walsham

Norfolk

NR28 0TY

REGISTERED NUMBER:

03851161 (England and Wales)

AUDITORS:

Sexty & Co

Chartered Certified Accountants

& Statutory Auditor

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

FIXED ASSETS

Investments

4

7,302,196

7,302,196

CURRENT ASSETS

Debtors

5

128,574

103,255

CREDITORS

Amounts falling due within one year

6

6,854

1,639,788

NET CURRENT ASSETS/(LIABILITIES)

121,720

(1,536,533

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,423,916

5,765,663

CREDITORS

Amounts falling due after more than one year

7

18,945,853

15,682,198

NET LIABILITIES

(11,521,937

)

(9,916,535

)

CAPITAL AND RESERVES

Called up share capital

1,106,685

1,106,685

Retained earnings

(12,628,622

)

(11,023,220

)

(11,521,937

)

(9,916,535

)

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 director and authorised for issue on 24 September 2025 and were signed by:

Mr M C Kolsema - Director

1.	STATUTORY INFORMATION

Euro-Matic (Brazil) 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.

The presentation currency of the financial statements is the Euro (€).

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 financial statements have been prepared on a going concern basis which assumes that the company will continue to have sufficient funds to operate and to meet its liabilities and obligations for the foreseeable future. At the year end the company had net liabilities of €11,521,937 (2023 net liabilities €9,916,535)

The amounts owed by / to group companies have fixed repayment terms. Nevertheless the parent company has agreed not to demand repayment of any loans until the company is in a financial position to be able to do so. Therefore the directors have prepared the financial statements on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Euro-Matic (Brazil) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its ultimate parent, Weener Plastics Holding B.V., a company registered in The Netherlands.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 Euros (€) at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euros (€) at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

The parent company, Weener Plastik Beteiligungs GmbH, have confirmed that they will continue to give financial support to the company and have confirmed that group loans will not be recalled until such a time as the cash flows and cash position of the company allow settlement without impinging on the normal operating activities of the business. The directors consider that it is therefore appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

€

COST

At 1 January 2024

and 31 December 2024

7,302,196

NET BOOK VALUE

At 31 December 2024

7,302,196

At 31 December 2023

7,302,196

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

€

€

Amounts owed by group undertakings

23,267

-

Other debtors

105,307

103,255

128,574

103,255

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

€

€

Amounts owed to group undertakings

823

1,634,485

Other creditors

6,031

5,303

6,854

1,639,788

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

€

€

Amounts owed to group undertakings

18,945,853

15,682,198

8.	SECURED DEBTS

The company's bank accounts are secured by way of fixed and floating charges and/or pledges.

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

The Report of the Auditors was unqualified.

A M Orves (Senior Statutory Auditor)

for and on behalf of Sexty & Co

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE PARENT COMPANY

The company's immediate parent undertaking is Weener Plastik Beteiligungs GmbH, a company incorporated in Germany.

The company has been included in the group financial statements of its ultimate parent undertaking. These accounts are available from Weener Plastics Holding B.V., Frankeneng 53, 6716 AA Ede, The Netherlands.