REGISTERED NUMBER: 04330794 (England and Wales)

Diamond Diesels (UK) Limited

Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mister L.P. Padmos

REGISTERED OFFICE:

Office 10

Parkhill Business Centre

Walton Road

Wetherby

West Yorkshire

LS22 5DZ

REGISTERED NUMBER:

04330794 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

6,363

9,864

CURRENT ASSETS

Stocks

-

163,389

Debtors

5

476,947

249,899

Cash at bank

483,975

167,002

960,922

580,290

CREDITORS

Amounts falling due within one year

6

628,088

362,674

NET CURRENT ASSETS

332,834

217,616

TOTAL ASSETS LESS CURRENT LIABILITIES

339,197

227,480

PROVISIONS FOR LIABILITIES

1,590

2,466

NET ASSETS

337,607

225,014

CAPITAL AND RESERVES

Called up share capital

54

54

Capital redemption reserve

60

60

Retained earnings

337,493

224,900

337,607

225,014

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 2 October 2025 and were signed by:

Mister L.P. Padmos - Director

1.	STATUTORY INFORMATION

Diamond Diesels (UK) 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.

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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Fixtures and fittings - 20% on reducing balance

Computer equipment - 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

39,537

Additions

749

At 31 December 2024

40,286

DEPRECIATION

At 1 January 2024

29,673

Charge for year

4,250

At 31 December 2024

33,923

NET BOOK VALUE

At 31 December 2024

6,363

At 31 December 2023

9,864

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as

restated

£

£

Trade debtors

178,126

109,747

Amounts owed by group undertakings

294,353

-

Other debtors

4,468

140,152

476,947

249,899

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as

restated

£

£

Trade creditors

175,793

224,992

Amounts owed to group undertakings

29,574

-

Taxation and social security

78,078

76,146

Other creditors

344,643

61,536

628,088

362,674

7.	LEASING AGREEMENTS

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

2024

2023

as

restated

£

£

Within one year

4,185

-

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

The company was not subject to audit in the year to 31 December 2023 and consequently we did not observe the counting of the physical stocks at the end of that financial period. We were unable to satisfy ourselves by alternative means of physical stocks held at 31 December 2023which are included in the balance sheet at £163,389 by using other audit procedures. Furthermore we were not able to obtain certain stock reports in respect of stock quantities and values held at 31 December 2023. Consequently we were unable to determine whether any adjustments to these amounts were necessary.

Matters required to report by exception

Arising solely in respect of the limitation on the scope of our work relating to stock, referred to above.

-We have not obtained all the information and explanations that we consider necessary for the purpose of our audit; and

-We were unable to determine whether adequate records have been kept.

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:

Michael Stocks FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

9.	ULTIMATE PARENT COMPANY

The ultimate parent company is Padmos Holding B.V a company registered in the Netherlands. The registered address is Deltahaven 18, 3251 LC, Stellendam.