Company No: 04260683 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	N. Haindl
	R. Haindl

SECRETARY

N. Haindl

REGISTERED OFFICE	Brockbourne House
	77 Mount Ephraim
	Tunbridge Wells
	Kent
	TN4 8BS
	United Kingdom

COMPANY NUMBER

04260683 (England and Wales)

ACCOUNTANT	S&W Partners (South East) Limited
	Brockbourne House
	77 Mount Ephraim
	Royal Tunbridge Wells
	TN4 8BS

	Note	2024		2023
		€		€
Current assets
Stocks	4	17,229		15,079
Debtors	5	369,302		206,446
		386,531		221,525
Creditors: amounts falling due within one year	6	( 792,403)		( 395,552)
Net current liabilities		(405,872)		(174,027)
Total assets less current liabilities		(405,872)		(174,027)
Creditors: amounts falling due after more than one year	7	( 1,547,000)		( 1,819,936)
Net liabilities		( 1,952,872)		( 1,993,963)
Capital and reserves
Called-up share capital		65,193		65,193
Other reserves		( 10,103 )		( 10,103 )
Profit and loss account		( 2,007,962 )		( 2,049,053 )
Total shareholder's deficit		( 1,952,872)		( 1,993,963)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of QimiQ UK Limited (registered number: 04260683) were approved and authorised for issue by the Board of Directors on 25 September 2025. They were signed on its behalf by:

N. Haindl Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

QimiQ UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, Kent, TN4 8BS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Monetary amounts in these financial statements are stated in Euros and rounded to the nearest whole €1.

The following principal accounting policies have been applied:

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

The company's functional and presentational currency is Euros.

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from the sale and distribution of cream and dairy based products is recognised at the date of invoicing the customer.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences

15 years straight line

Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of 15 years which is their estimated useful economic life. Provision is made for any impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet 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

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Intangible assets

	Trademarks, patents and licences		Total
	€		€
Cost
At 01 January 2024	260,811		260,811
At 31 December 2024	260,811		260,811
Accumulated amortisation
At 01 January 2024	260,811		260,811
At 31 December 2024	260,811		260,811
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Stocks

	2024		2023
	€		€
Stocks	17,229		15,079

5. Debtors

	2024		2023
	€		€
Trade debtors	368,127		206,075
Other debtors	1,175		371
	369,302		206,446

6. Creditors: amounts falling due within one year

	2024		2023
	€		€
Trade creditors	7,753		2,417
Amounts owed to Group undertakings	778,165		386,935
Other creditors	6,485		6,200
	792,403		395,552

7. Creditors: amounts falling due after more than one year

	2024		2023
	€		€
Amounts owed to Group undertakings	1,547,000		1,819,936

8. Contingencies

Contingent liabilities

	2024		2023
	€		€
Total contingent liabilities	417,744		417,744

A contingent liability exists in respect of Haindl & Sanders Holding GmbH, the parent company, for an unsecured loan of €417,744 which was written off at 31 December 2008. This will only become due in the future if QimiQ UK Limited has the reserves available to repay this loan.

9. Related party transactions

The company has taken advantage of exemptions available not to disclose related party transactions within the same wholly-owned group.

10. Ultimate controlling party

Parent Company:

Haindl & Saunders Holding GmbH

1210 Wein Karl-Waldbrunner-Platz 1