for the Period Ended 31 July 2025
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 July 2025
Directors
The directors shown below have held office during the whole of the period from
26 July 2024
to
31 July 2025
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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| Cost of sales: |
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As at
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| Debtors: | 3 |
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| Creditors: amounts falling due within one year: | 4 |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: | 5 |
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| Total net assets (liabilities): |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 July 2025
Basis of measurement and preparation
Other accounting policies
for the Period Ended 31 July 2025
| 2025 | ||
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| Average number of employees during the period |
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for the Period Ended 31 July 2025
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for the Period Ended 31 July 2025
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for the Period Ended 31 July 2025
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| Other creditors |
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Local Origin is a food waste management and urban farming company operating at two sites; the Spitalfields Market and London Fruit & Wool Exchange (LFWE). We started operation at Spitalfields Market in 2023 and at LFWE in April 2025. Local Origin CIC came into being in July 2024. Our basic business model involves the collection and processing of food waste at these sites and using the compost produced to farm food produce which we then provide back to the kitchens on the site. The collection is completed by hand through communication with the facility management team. The processing is done on-site in an area assigned to us where we use aerobic and vermi-composting techniques to produce compost and liquid fertiliser. This is then used to produce microgreens and mushrooms all year and hydroponic fruit & veg in the summertime. Food is provided back to the kitchens and local community while compost is also sold into the local community. In FY2024-25, Local Origin CIC was in inception at LFWE and full operation at Spitalfields Market. Activities focused on scaling up the food waste management business at LFWE which included communication with the facility management team, restaurant team and other stakeholders at LFWE. At Spitalfields, we focused on continuing our food waste management activities. These activities have contributed to GHG emissions reduction through diverting waste away from landfill and energy-to-waste plants which has been the main benefit of the company to date. Going forwards, as we scale the business into FY2025-26, we hope to increase the number of benefits we can provide to the community including the provision of compost and food products, education briefs on food waste and urban farming and if fully successful provide local employment and volunteering opportunities.
Our stakeholders are found at Spitalfields Market and London Fruit & Wool Exchange (LFWE) and also within the local vicinity. Key stakeholders include the facility management teams, restaurant and kitchen teams, traders at the market and tenants at LFWE. Both directors work in the local area as well. As part of the planning phase for both operations, we spoke regularly with the facility management teams as well as stakeholders in the kitchen and tenants of the LFWE office building. We are in consistent contact with the LFWE facility management team now that we have started operation at the site which includes talking with stakeholders in security, waste management and project management. We consistently ask for feedback on our operations as food waste management can be disruptive due to to smell and vermin. We are proactive in our response to these issues and always prioritise any complaints immediately. We plan to do greater outreach with the local community including employees as part of the educational outreach program we intend to start.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
20 November 2025
And signed on behalf of the board by:
Name: Daniel Saxton
Status: Director