REGISTERED NUMBER: 06498960 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

Door-Stop International Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

9

Other Comprehensive Income

10

Statement of Financial Position

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

C O Ball

G J Vaughton

SECRETARY:

Pinsent Masons Secretarial Limited

REGISTERED OFFICE:

Export Drive

Huthwaite Industrial Estate

Sutton in Ashfield

Nottinghamshire

NG17 6AF

REGISTERED NUMBER:

06498960 (England and Wales)

AUDITORS:

Villars Hayward LLP

Chartered Accountants,

Chartered Tax Advisers and Statutory Auditors

Boston House

Henley-on-Thames

RG9 1DY

The directors present their strategic report for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company was that of the manufacture and delivery of composite doors within the UK. Since 3 April 2023 the company has been dormant.

REVIEW OF THE BUSINESS

On 3 April 2023 the trade and assets of the business were hived up to its parent Premdor Crosby Limited. The company has not traded since that date.

On 25 March 2025 the cumulative retained earnings of £17.8m were distributed via a Dividend in Specie to its parent company, Premdor Crosby Limited.

SECTION 172(1) STATEMENT

The directors of the Company must act in accordance with the duties detailed in section 172 of the Companies Act 2006 which is summarised:

A director of the company must act in a way considered to be in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regards (amongst other matters) to:

a) The likely consequences of any decision in the long term;

b) The interest of the company's employees

c) The need to foster the company's business relationships with suppliers, customers, and others;

d) The impact of the company's operations on the community and the environment;

e) The desirability of the company maintaining a reputation for high standards of business conduct; and

f) The need to act fairly as between members of the company

The Board regularly reviews the business's principal stakeholders and how we engage with them. The sections below set out a more detailed summary of the company's relationships with its key stakeholders and how the business engages with those stakeholders.

The Board is comprised of:

G J Vaughton

S W Ahn - Appointed 16 January 2025

A R M Myers - Appointed 16 January 2025

C O Ball resigned as a director on 21 May 2025

Shareholders

As the Board of Directors, our intention is to behave responsibly towards our shareholders and treat them fairly and equally so they too may benefit from the successful delivery of our plan. We report to our group leadership on a monthly basis reporting the performance of the business against agreed budgets and forecasts.

A dividend totalling £17.8m (2024: Nil) was paid to Premdor Crosby Limited on 25 March 2025 representing the net assets of the company.

Other stakeholders

Other major stakeholder groups include the company's insurers, bankers, surety providers, advisers, regulators, and HMRC. With all these stakeholder groups, the Directors maintain regular and open dialogue to ensure that all parties are kept informed and are listened to. The Directors believe this is essential to building strong working relationships.

Section 172(1) Statement (continued)

Decision making and principal decisions

The Board has made numerous decisions through the fiscal year, either directly through Board meetings or via delegation to senior management or committee. The Board has remained mindful and considerate of the potential impacts on key stakeholders and factored their respective needs to concerns into all discussions and decision making in accordance with s172 of the Companies Act 2006. Not every decision made by the Board impacts all stakeholders and decisions will have differing levels of impact of respective shareholders. Major decisions and considerations made by the Board during the fiscal year include:

-

Approval of the 2024 Annual Accounts and Financial statements.

-

Approval of the dividend in specie transferring the net assets of Door-Stop International Limited to Premdor Crosby Limited on 25 March 2025.

Future Developments

Now that the net assets have been transferred to Premdor Crosby Limited as a Dividend in Specie the company will be struck off the Register of Companies at Companies House.

ON BEHALF OF THE BOARD:

G J Vaughton - Director

24 September 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

The directors present in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013, the company has prepared a Strategic Report, which includes information that previously would have been included in the Directors' Report.

PRINCIPAL ACTIVITY

The principal activity of the company was that of the manufacture and delivery of composite doors within the UK. Since 3 April 2023 the company has been dormant.

DIVIDENDS

Dividends paid in the period are £17.8m (2024: Nil) representing the total net assets of the company.

DIRECTORS

G J Vaughton has held office during the whole of the period from 1 April 2024 to the date of this report.

GOING CONCERN

The Directors are required to consider the Company's ability to continue as a going concern.

Following the transfer of the company's net assets to Premdor Crosby Limited the company is to be wound up. As a result the financial statements have been prepared on a basis other than that of a going concern.

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-

select suitable accounting policies and then apply them consistently;

-

make judgments and accounting estimates that are reasonable and prudent;

-

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

-

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

G J Vaughton - Director

24 September 2025

Opinion

We have audited the financial statements of Door-Stop International Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of matter - financial statements prepared other than going concern

We draw attention to Note 1 to the financial statements which explains that the company has ceased trading and therefore the directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than the going concern basis..

Our opinion is not modified in respect of this matter.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

Our approach was as follows:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant are those that relate to the reporting framework (FRS 102 and the Companies Act 2006) and the relevant tax laws and regulations in the UK.

We understood how Door-Stop International Limited is complying with those frameworks by making enquiries of management, including those responsible for legal and compliance procedures, to understand how the company maintains and communicates its policies and procedures in these areas. We corroborated our enquiries through our review of board minutes and papers provided to the Board, and made inquiries of management to identify if there are matters where there is a risk of breach of such frameworks that could have a material adverse impact on the company, as well as consideration of the results of our audit procedures across the company.

We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur by meeting with management to understand where it considered there was a susceptibility to fraud. We considered the programmes and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included testing manual journals and were designed to provide reasonable assurance that the financial statements are free from fraud and error.

Based on this understanding we designed our audit procedures to identify noncompliance with such laws and regulations. In addition to those set out above, we completed procedures to conclude on the compliance of the disclosures in the Annual Report and Financial Statements with the requirements of the relevant accounting standards and UK legislation

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Nicholas M Smith BFP, ACA, CTA (Senior Statutory Auditor)

for and on behalf of Villars Hayward LLP

Chartered Accountants,

Chartered Tax Advisers and Statutory Auditors

Boston House

Henley-on-Thames

RG9 1DY

25 September 2025

TURNOVER

-

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

-

-

Tax on profit

3

-

-

PROFIT FOR THE FINANCIAL YEAR

-

-

PROFIT FOR THE YEAR

-

-

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

-

-

CURRENT ASSETS

Debtors

5

10

17,789

TOTAL ASSETS LESS CURRENT LIABILITIES

10

17,789

CAPITAL AND RESERVES

Called up share capital

6

10

10

Retained earnings

7

-

17,779

SHAREHOLDERS' FUNDS

10

17,789

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

G J Vaughton - Director

Called up

share

Retained

Total

capital

earnings

equity

£'000

£'000

£'000

Balance at 3 April 2023

10

17,779

17,789

Changes in equity

Balance at 31 March 2024

10

17,779

17,789

Changes in equity

Dividends

-

(17,779

)

(17,779

)

Balance at 31 March 2025

10

-

10

1.	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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable UK law and accounting standards, and under the historical cost convention, and in accordance with Financial Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council.

The company has not traded during the period under review.

Doorstop International Limited is a company incorporated in the United Kingdom under the Companies Act 2006. The address of the registered office is given on page 1. The nature of the Company's activities and its principal operations are set out in the Strategic Report on page 2.

The functional currency of Doorstop International Limited is considered to be pound sterling (£) which is also the functional currency of the company.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirement of paragraph 33.7.

Going concern

The Directors are required to consider the Company's ability to continue as a going concern.

In order to simplify the legal structure of the Masonite UK group the Company was hived into Premdor Crosby Limited, its parent, on 3 April 2023.

On 25 March 2025 the cumulative retained earnings of the Company were transferred as a Dividend in Specie to Premdor Crosby Limited, its parent company.

As a result of the above, since 3 April 2023 the financial statements have been prepared on a basis other than that of a going concern.

Financial assets and liabilities

All financial assets and liabilities are initially measured at transaction price (including transaction costs) and subsequently measured at their amortised cost, unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2.	EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 March 2025 nor for the period ended 31 March 2024.

The average number of employees during the year was NIL (2024 - NIL).

Period

3.4.23

Year Ended

to

31.3.25

31.3.24

£

£

Directors' remuneration

-

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 March 2025 nor for the period ended 31 March 2024.

4.

DIVIDENDS

Period

3.4.23

Year Ended

to

31.3.25

31.3.24

£'000

£'000

Ordinary shares of £1 each

Final

17,779

-

Dividends paid represent the cumulative retained earnings as at 31 March 2024.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£'000

£'000

Amounts owed by group undertakings

10

17,789

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£'000

£'000

10,000

Ordinary

£1

10

10

The profit and loss reserve represents cumulative profits or losses, net of dividends and other adjustments.

7.

RESERVES

Retained

earnings

£'000

At 1 April 2024

17,779

Profit for the year

-

Dividends

(17,779

)

At 31 March 2025

-

8.	ULTIMATE PARENT COMPANY

The immediate parent company is Premdor Crosby Limited and the ultimate parent undertaking is Owens Corning, a company incoporated in the state of Ohio, USA.

At the year end, the largest and smallest group in which the results of the company are consolidated is that headed by Owens Corning. Copies of the consolidated financial statements of Owens Corning can be obtained from Owens Corning, 1 Owens Corning Parkway. Toledo, Ohio, 43659, USA.

9.	RELATED PARTY TRANSACTIONS

The company is a wholly owned subsidiary within the group, and utilises the exemption contained in FRS 102 section 33 2.2, "Related Party Disclosures", not to disclose any transactions with entities that are part of the group.