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REGISTERED NUMBER: 11064320 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

PANTHER CONSTRUCTION PRODUCTS LIMITED

PANTHER CONSTRUCTION PRODUCTS LIMITED (REGISTERED NUMBER: 11064320) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| PANTHER CONSTRUCTION PRODUCTS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | Mr A Pickard

| Mr A T McManus

| Mr G T Akroyd

| REGISTERED OFFICE: | Lusteen House 24 Roydsdale Way

| Euroway Industrial Estate

| Bradford

| United Kingdom

| BD4 6SE

| REGISTERED NUMBER: | 11064320 (England and Wales)

| AUDITORS: | Sutton McGrath Hartley

| Statutory Auditors

| 5 Westbrook Court

| Sharrow Vale Road

| Sheffield

| South Yorkshire

| S11 8YZ

PANTHER CONSTRUCTION PRODUCTS LIMITED (REGISTERED NUMBER: 11064320) |

BALANCE SHEET

31 MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 6,280 |  | 8,524 |  |

CURRENT ASSETS

Stocks | 286,758 |  | 257,747 |  |

Debtors | 5 | 300,016 |  | 158,864 |  |

Cash at bank | 203,433 |  | 133,372 |  |

790,207 |  | 549,983 |  |

CREDITORS

Amounts falling due within one year | 6 | 451,471 |  | 300,110 |  |

NET CURRENT ASSETS | 338,736 |  | 249,873 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 345,016 |  | 258,397 |  |

PROVISIONS FOR LIABILITIES | 1,570 |  | 2,131 |  |

NET ASSETS | 343,446 |  | 256,266 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 125 |  | 125 |  |

Retained earnings | 343,321 |  | 256,141 |  |

SHAREHOLDERS' FUNDS | 343,446 |  | 256,266 |  |

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 Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

Mr A T McManus - Director

PANTHER CONSTRUCTION PRODUCTS LIMITED (REGISTERED NUMBER: 11064320) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Panther Construction Products 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.

| Critical accounting judgements and key sources of estimation uncertainty

| 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 directors consider there are no key estimates or judgements that have a material effect on these financial statements.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| 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 etc | - | 33% on reducing balance, 30% on reducing balance and 15% on reducing balance

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

| 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.

PANTHER CONSTRUCTION PRODUCTS LIMITED (REGISTERED NUMBER: 11064320) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| 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 balance sheet 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.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at

| transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| 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.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference

| shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

| business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year

| or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| 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.

PANTHER CONSTRUCTION PRODUCTS LIMITED (REGISTERED NUMBER: 11064320) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| 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

| 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.

| 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.

| Going concern

| The directors have considered the impact of the energy crisis, cost of living crisis and other current economic issues on the company's trade, workforce and supply chain, as well as the wider economy. Whilst it is not considered practical to accurately assess the duration and extent of the disruption, the directors are confident that they have in place plans to deal with any financial losses that may arise. In addition, the directors consider the strong cash reserves of the group further support the going concern assumption. The directors there continue to adopt the going concern basis of preparation for these financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

PANTHER CONSTRUCTION PRODUCTS LIMITED (REGISTERED NUMBER: 11064320) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 67,253 |  |

| DEPRECIATION

| At 1 June 2024 | 58,729 |  |

| Charge for year | 2,244 |  |

| At 31 May 2025 | 60,973 |  |

| NET BOOK VALUE

| At 31 May 2025 | 6,280 |  |

| At 31 May 2024 | 8,524 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 265,511 |  | 119,345 |  |

| Amounts owed by group undertakings | 6,445 |  | 5,081 |  |

| Other debtors | 28,060 |  | 34,438 |  |

300,016 |  | 158,864 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 310,341 |  | 169,338 |  |

| Amounts owed to group undertakings | 135,095 |  | 125,640 |  |

| Other creditors | 6,035 |  | 5,132 |  |

451,471 |  | 300,110 |  |

7. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 38,610 |  | 34,762 |  |

PANTHER CONSTRUCTION PRODUCTS LIMITED (REGISTERED NUMBER: 11064320) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary A | 1 | 100 |  | 100 |  |

| 25 | Ordinary B | 1 | 25 |  | 25 |  |

125 |  | 125 |  |

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

| The Report of the Auditors was unqualified.

| James Salim FCCA (Senior Statutory Auditor)

| for and on behalf of Sutton McGrath Hartley

10. | RELATED PARTY DISCLOSURES

| At the year end, £128,650 (2024: £120,559) was owed to group companies.

| During the year, the company generated sales of £1,209,535 (2024: £1,342,548) from group companies.

11. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling company is McManus Group Holdings Limited and the ultimate controlling party is Mr

| A T McManus by virtue of his majority shareholding of that company.

| McManus Group Holdings Limited prepare group accounts which can be obtained from Companies House,

| Crown Way, Cardiff, CF14 3UZ.