The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

Loop Local Limited is a private company limited by shares incorporated in England and Wales. The registered office and trading address is 10 Stephen Mews, London, W1T 1AG.

These financial statements have been prepared in accordance with Section 1A 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 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 pound.

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

Loop Local Limited is a majority owned subsidiary of Loop Interiors International Limited and the results of Loop Local Limited are included in the consolidated financial statements of Loop Interiors International Limited which are available from 10 Stephen Mews, London, England, W1T 1AG.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and at least 12 months from the date of the approval of these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover is recognised to the extent that it is probable that economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

• the amount of turnover can be measured reliably;

• it is probable that the company will receive the consideration due under the contract;

• the stage of completion of the contract at the end of the reporting period can be measured reliably; and

• the costs incurred and the costs to complete the contract can be measured reliably.

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.

All of the company's financial assets and liabilities are basic and measured at amortised cost.

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 profit and loss account 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.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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.

Long term contracts

Contracts in progress are assessed on a contract basis and are reflected in the profit or loss by recording turnover and related costs as contract activity progresses. Where the outcome of the uncompleted contract can be assessed with reasonable certainty the attributable profit is recognised in the profit or loss as an appropriate proportion of the estimated total profit of the contract. Cash received on account of contracts is deducted from amounts recoverable on contracts. Such amounts which have been received and exceed amounts recoverable are included in creditors. Where amounts recoverable exceed amounts received these have been included in debtors. A provision is made for anticipated losses on contracts. Movement in the provision for losses on contracts is included in cost of sales.

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 estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

A key estimate in calculating the work in progress figure is the costs to complete a long term contract. This is calculated based upon a detailed budgeting process which is reviewed and updated where necessary as the contract progresses. The directors' experience and judgement is required when making this estimation.

On the whole, turnover is recognised as it is invoiced and where a long term contract is in the earlier stages and there is an agreement in place for the project to continue, the members will calculate how much of the turnover already billed is deemed to be a payment on account for future works.

Provisions have been made for work in progress recognised as accrued income. These provisions are estimates and the actual costs and timing of future cash flows are dependent on future events. The difference between expectations and the actual future liability will be accounted for in the period when such determination is made.

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

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 was unqualified.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

In August 2025, the group headed by parent company, Loop Interiors International Limited carried out a reorganisation of capital as follows:

a) Loop Group Holdco Limited was incorporated and became the parent company of Loop Interiors International Limited, via a share for share exchange.

b) The subsidiary company Loop 360 Limited was transferred out of the group but has remained under common ownership.

c) The subsidiary company Loop Local Limited has become a fully owned subsidiary of Loop Interiors International Limited by virtue of a share for share exchange.

d) The shares of the Loop Group Holdco Limited were subsequently purchased by Loop Interiors Trustees Limited, being an Employment Ownership Trust. This was put in place for the benefit of the employees of Loop Interiors International Limited and Loop Local Limited.

At the year end, included in trade creditors is a balance of £147,998 (2024: £2,467 in trade debtors) due to Cirque Furniture Limited, a company under common control and ownership.

During the year the company made sales of £17,501 (2024: £369) and purchases of £584,804 (2024: £183,025) to/from Cirque Furniture Limited.

At the year end, included in trade debtors is a balance of £nil (2024: £358,950) due from Loop Interiors International Limited, the parent company.

At the year end, included in trade creditors is a balance of £108,964 (2024: £16,422) due to Loop Interiors International Limited.

At the year end, included in other creditors is a balance of £195,000 (2024: £nil) due to Loop Interiors International Limited.

During the year the company made sales of £nil (2024: £1,522,350) and purchases of £233,695 (2024: £156,000) to/from Loop Interiors International Limited.

At the year end, included in other debtors is £378,000 (2024: £nil) due from the directors of the company. Of this balance, £247,000 has been repaid since the balance sheet date.

Loop Local Limited is a majority owned subsidiary of Loop Interiors International Limited and the results of Loop Local Limited are included in the consolidated financial statements of Loop Interiors International Limited which are available from 10 Stephen Mews, London, England, W1T 1AG.

The directors do not consider there to be any ultimate controlling party.