These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

RT UK (2017) Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Octagon Suite E2, 2nd Floor Middleborough, Colchester, Essex, CO1 1TG.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 4 ‘Statement of Financial Position’ – Reconciliation of the opening and closing number of shares;

• Section 7 ‘Statement of Cash Flows’ – Presentation of a statement of cash flow and related notes and disclosures;

• Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’ – Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

• Section 26 ‘Share based Payment’ – Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements and;

• Section 33 ‘Related Party Disclosures’ – Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of TCM Corporation Public Limited. These consolidated financial statements are available from its registered office 238 Viphavadee ‑ Rangsit Road, Sanambin Subdistrict, Donmuang District, Bangkok, 10210 Thailand

The company is in a net current liability position of £84,626 (2023: £205,253) at the balance sheet date, the main creditor being £240,162 (2023: £253,484) due to connected companies. Thailand Carpet Manufacturing Public Company Limited, the ultimate parent undertaking, has confirmed in writing to the directors it will not recall the debts owed until the company is in a position to repay, and has committed to supporting the company for at least 12 months from the date these financial statements are signed.

The directors have considered the forecasted future operations of the company and that the ultimate parent undertaking has confirmed to provide continuing financial support to the company, and have concluded that the company will have adequate resources to continue in business for the foreseeable future, being at least 12 months from the date of approval of these financial statements. The directors remain positive that the industry will recover within the foreseeable future as the UK economy reopens. Therefore, the directors continue to adopt the going concern basis of accounting in preparing these financial statements.

Turnover is recognised at the transfer of risk and reward of stock to customer, either by a dispatch or receipts of goods. An agreement is made in advance by both parties to determine the date of transfer.

All turnover is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented 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.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

The company continues to see growth and improvement in their profits over the prior years and continuing post year end due to economies of scale being gained. The directors are satisfied with progress to date. The net current liabilities at 31 December 2024 of £84,626 have decreased significantly since the prior period at £205,253.

The company has access to group support from their ultimate controlling party Thailand Carpet Manufacturing Public Company Limited, a company incorporated in Thailand and listed on The Stock Exchange of Thailand. Written confirmation has been provided to confirm that support is available to the company for at least 12 months from the date of signing the financial statements. The directors have concluded that it is appropriate for the company to continue as a going concern.

The average monthly number of persons (including directors) employed by the company during the year was:

The ultimate parent company, being Thailand Carpet Manufacturing Public Company Limited, has agreed to provide continuing financial support to the company and guarantee those inter-company balances due from the company to other group companies. These balances are included in creditors and amount to £240,162 at year end (2023: £253,484).

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified.

During the year the company entered into the following transactions with related parties:

During the year RT UK (2017) Limited undertook a number of transactions in the ordinary course of business with its 99% owned subsidiary within the group, Carpets International. Purchases of £6,501 (2023: £5,564). As at 31 December 2024 the amount due to Carpets International was £23,749 (2023: £16,819)

During the year RT UK (2017) Limited undertook a number of transactions in the ordinary course of business with its 51% owned subsidiary within the group, Royal Thai Carpets (Foshan). Purchases of £Nil (2023: £486). As at 31 December 2024 the amount due to Royal Thai Carpets (Foshan) was £Nil (2023: £471)

The ultimate parent company of RT UK (2017) Limited is Thailand Carpet Manufacturing Public Company Limited, a company incorporated in Thailand and listed on The Stock Exchange of Thailand, this is the largest and smallest group in which the results of the company are consolidated. The financial statements of Thailand Carpet Manufacturing Public Company Limited may be obtained from 238 Viphavadee ‑ Rangsit Road, Sanambin Subdistrict, Donmuang District, Bangkok, 10210 Thailand.

No guarantees have been given or received during the year.