Company No: 07122242 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	6,038		6,548
Tangible assets	4	0		47,787
Investments	5	0		1
		6,038		54,336
Current assets
Debtors	6	325,382		485,627
Cash at bank and in hand		48,501		33,316
		373,883		518,943
Creditors: amounts falling due within one year	7	( 421,321)		( 571,601)
Net current liabilities		(47,438)		(52,658)
Total assets less current liabilities		(41,400)		1,678
Creditors: amounts falling due after more than one year	8	( 47,500)		( 82,557)
Provision for liabilities		0		( 2,877)
Net liabilities		( 88,900)		( 83,756)
Capital and reserves
Called-up share capital	9	5		5
Profit and loss account		( 88,905 )		( 83,761 )
Total shareholders' deficit		( 88,900)		( 83,756)

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have 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 Profit and Loss Account has not been delivered.

The financial statements of Plan B International Solutions Limited (registered number: 07122242) were approved and authorised for issue by the Board of Directors on 24 June 2025. They were signed on its behalf by:

Mr W T Cross 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

Plan B International Solutions 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 C/O Francis Clark Llp Unit 18, 23 Melville Building East, Royal William Yard, Plymouth, PL1 3GW, United Kingdom. The principal place of business is Unit 6 Seaton Park, Plymouth PL6 5WR.

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

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

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. Deposit payments are non-refundable and so revenue is recognised at the point of receiving the income.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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:

Development costs	3 years straight line
Trademarks, patents and licences	10 years straight line
Website costs	3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, and reducing balance basis over its expected useful life, as follows:

Plant and machinery	3 years straight line
Vehicles	15 % reducing balance
Fixtures and fittings	3 years straight line
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		3

3. Intangible assets

	Development costs		Trademarks, patents and licences		Website costs		Total
	£		£		£		£
Cost
At 01 February 2024	7,390		5,582		3,600		16,572
Additions	0		1,259		0		1,259
At 31 January 2025	7,390		6,841		3,600		17,831
Accumulated amortisation
At 01 February 2024	7,390		1,334		1,300		10,024
Charge for the financial year	0		569		1,200		1,769
At 31 January 2025	7,390		1,903		2,500		11,793
Net book value
At 31 January 2025	0		4,938		1,100		6,038
At 31 January 2024	0		4,248		2,300		6,548

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 February 2024	7,888		45,181		21,502		32,335		106,906
Disposals	( 7,888)		( 45,181)		( 21,502)		( 32,335)		( 106,906)
At 31 January 2025	0		0		0		0		0
Accumulated depreciation
At 01 February 2024	7,699		17,434		8,338		25,648		59,119
Disposals	( 7,699)		( 17,434)		( 8,338)		( 25,648)		( 59,119)
At 31 January 2025	0		0		0		0		0
Net book value
At 31 January 2025	0		0		0		0		0
At 31 January 2024	189		27,747		13,164		6,687		47,787

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 February 2024	1		1
Disposals	( 1)		( 1)
At 31 January 2025	0		0
Carrying value at 31 January 2025	0		0
Carrying value at 31 January 2024	1		1

6. Debtors

	2025		2024
	£		£
Trade debtors	61,382		112,127
Deferred tax asset	19,671		0
Corporation tax	1,093		0
Other debtors	243,236		373,500
	325,382		485,627

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	31,348		97,836
Trade creditors	328,714		323,237
Amounts owed to Group undertakings	0		1
Amounts owed to directors	0		26,696
Accruals	4,145		82,930
Other taxation and social security	49,185		11,040
Obligations under finance leases and hire purchase contracts	5,397		5,362
Other creditors	2,532		24,499
	421,321		571,601

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

	2025		2024
	£		£
Bank loans	47,500		77,500
Obligations under finance leases and hire purchase contracts	0		5,057
	47,500		82,557

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
24 Ordinary A shares of £ 0.10 each	2.40		2.40
14 Ordinary B shares of £ 0.10 each	1.40		1.40
8 Ordinary C shares of £ 0.10 each	0.80		0.80
2 Ordinary D shares of £ 0.10 each	0.20		0.20
2 Ordinary E shares of £ 0.10 each	0.20		0.20
	5.00		5.00

10. Related party transactions

Other related party transactions

Plan B International Solutions Limited was owed £398,234 (2024:£145,730) from Plan B Recycling Technologies Limited. At year end this balance was written off.