REGISTERED NUMBER: 13923670 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PRECISION MARKETING GROUP HOLDINGS

LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Cash Flow Statement

16

Notes to the Consolidated Cash Flow Statement

17

Notes to the Consolidated Financial Statements

18

DIRECTORS:

M Caldwell-Nichols BSC

S A Ford

Mrs Y Li

SECRETARY:

Mrs Y Li

REGISTERED OFFICE:

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

BUSINESS ADDRESS:

Precision House

Lamdin Road

Bury St Edmunds

Suffolk

IP32 6NU

REGISTERED NUMBER:

13923670 (England and Wales)

AUDITORS:

Walter Wright

Chartered Accountants

Statutory Auditor

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS

An analysis of the group performance is enclosed in the attached financial statements.

Precision Marketing Group Holdings Limited comprises companies providing Marketing Services and HealthCare Services for clients whose fundamental needs is for an integrated partner delivering their communications or their products directly into the lives of the end users. Whether Pharmaceutical companies to healthcare professionals or consumers; Healthcare professionals to their patients; Utility companies to their customers; or Professional bodies to their members. Since 2015 Precision have offered Sustainable solutions to our clients which enjoy Precision's leadership in a Net Zero journey that is over 10 years old and meeting their ESG requirement. Precision's Group of companies and businesses are linking the digital and physical for our clients in an exceptional and unique way.

Precision AI Ltd Specialist Agentic AI agency, acquired after year end

Precision Creative and Media Ltd Full-service HealthCare demand generation agency

Precision Marketing Group Ltd Optimising delivery of client messages and eCommerce products

Precision Pharmacy Ltd Online pharmacy giving manufacturers better customer experience

Precision Pinpoint Ltd Targeting tool on medicine prescribing and supply by pharmacists

PMGH Property Ltd Precision's solar and renewable energy powered HQ building

Whilst all the entities are connected in their solutions for clients, the principal entities are Precision Creative and Media Ltd and Precision Marketing Group Ltd. The former provides strategy planning to manufacturers, then creates compelling advertising messages and through its media arm, demand generation. Demand is fulfilled by Precision Marketing Group Ltd and Precision Pharmacy Ltd which despatches millions of letters and eCommerce packages each month. Integrated to these solutions is the supply of healthcare products to retailers or direct to consumers of our client's products.

Associated businesses are BSSAA (2018) Ltd and Precision Healthcare Ltd which together with its European subsidiary, Precision Healthcare Products Ltd, provide a range of healthcare products they manufacture and own to retailers or direct to consumers. The results of these businesses are not included in the Group figures.

The Customer portfolio has clients who have been with companies in the Group since 2005 and newer ones who now require the group's long-standing commitment to sustainability and quality.

FINANCIAL REVIEW

The directors are satisfied with the third year results of the Group with:-

Revenue growing to £28.3m

EBITDA up 30% to £3.7m.

Group Debt excluding hire purchase is nil

Group Net asset value is £10.8m.

Growth in Group revenue to exceed £30m in FY26 is budgeted from organic growth.

Therefore, the Directors are satisfied that the company has a strong financial and strategic position.

PRINCIPAL RISKS AND UNCERTAINTIES

Precision operates within markets and sectors that have historically demonstrated resilience to broader economic fluctuations. However, the economic uncertainty such as persistent high inflation and elevated interest rates pose a risk to the company's operations and financial performance, as they may lead to shifts in client demand, affecting revenue streams.

Employment and talent acquisition are important to the business growth. The ability to attract, develop, and retain skilled talent is essential to maintaining our competitive edge and ensuring the delivery of high-quality services.

Despite recent interest rate increases, excluding hire purchase the group maintained its debt-free position, achieved in May 2023. This financial stability allows us to focus on growth opportunities.

The growth of key accounts underscores the need to proactively attract new customers to minimise the risk of overreliance on top spending clients. Precision closely monitors client revenue levels and the broader economic factors that influence them. This proactive approach enables us to remain agile in the face of economic uncertainties, ensuring that we can adapt our operations as needed to protect the company's financial health.

While Precision has successfully navigated similar challenges in the past, we acknowledge that these risks are ever-present. To safeguard our operations and financial performance, we are proactively growing new services and expanding our client base. The Group's strategic focus on its Data and Technology capabilities in omnichannel marketing and Ecommerce Services is to ensure sustained growth in the face of future uncertainties.

FINANCIAL KEY PERFORMANCE INDICATORS

2025

2024

EBITDA

3,727,957

2,865,774

Gross profit margin

22.8%

23.2%

Operating profit margin

12.3%

10.9%

Admin expenses as % of turnover

9.6%

11.2%

Return on capital employed

32.0%

33.3%

Current ratio

3.03:1

2.62:1

Average trade debtor days

50 days

54 days

ON BEHALF OF THE BOARD:

M Caldwell-Nichols BSC - Director

4 December 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

DIVIDENDS

Interim dividends per share were paid during the year as follows:

A Ordinary £1

-

£5.32019

B Ordinary £1

-

£170.98885

C Ordinary £1

-

£4.54545

The total distribution of dividends for the year ended 31 March 2025 will be £ 94,118 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

M Caldwell-Nichols BSC

S A Ford

Mrs Y Li

POLITICAL DONATIONS AND EXPENDITURE

The group did not make any political donations in the year.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Walter Wright, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M Caldwell-Nichols BSC - Director

4 December 2025

Opinion

We have audited the financial statements of Precision Marketing Group Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

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:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our procedures in relation to fraud included but were not limited to:

- obtained an understanding of the nature of the sector, including the legal and regulatory framework that the group operates in.

- enquiries of management whether they have knowledge of any actual, suspected or alleged fraud;

- gaining an understanding of the internal controls established to mitigate risk related to fraud and management override.

- discussion amongst the engagement team regarding risk of fraud such as opportunities for fraudulent manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates; and

- addressing the risk of fraud through management override of controls by performing journal entry testing.

- challenging accounting estimates to ensure no indication of management bias.

The primary responsibility for the prevention and detection of irregularities including fraud rests with both those charged with governance and management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Kevin Brown ACA MAAT (Senior Statutory Auditor)

for and on behalf of Walter Wright

Chartered Accountants

Statutory Auditor

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

4 December 2025

TURNOVER

3

28,313,115

24,312,720

Cost of sales

21,864,361

18,672,944

GROSS PROFIT

6,448,754

5,639,776

Distribution costs

233,166

234,706

Administrative expenses

2,720,863

2,733,278

2,954,029

2,967,984

OPERATING PROFIT

5

3,494,725

2,671,792

Interest receivable and similar income

148,868

50,106

3,643,593

2,721,898

Interest payable and similar expenses

6

429

3,036

PROFIT BEFORE TAXATION

3,643,164

2,718,862

Tax on profit

7

777,846

540,947

PROFIT FOR THE FINANCIAL YEAR

2,865,318

2,177,915

Profit attributable to:

Owners of the parent

2,865,318

2,177,915

PROFIT FOR THE YEAR

2,865,318

2,177,915

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,865,318

2,177,915

Total comprehensive income attributable to:

Owners of the parent

2,865,318

2,177,915

FIXED ASSETS

Intangible assets

10

641,439

733,371

Tangible assets

11

1,538,111

1,340,302

Investments

12

-

50

2,179,550

2,073,723

CURRENT ASSETS

Stocks

13

148,633

133,708

Debtors

14

5,566,679

5,021,761

Cash at bank and in hand

7,334,222

4,596,115

13,049,534

9,751,584

CREDITORS

Amounts falling due within one year

15

4,311,086

3,720,675

NET CURRENT ASSETS

8,738,448

6,030,909

TOTAL ASSETS LESS CURRENT LIABILITIES

10,917,998

8,104,632

CREDITORS

Amounts falling due after more than one year

16

(36,009

)

-

PROVISIONS FOR LIABILITIES

19

(93,527

)

(87,370

)

NET ASSETS

10,788,462

8,017,262

CAPITAL AND RESERVES

Called up share capital

20

10,920

10,920

Capital redemption reserve

21

200,000

200,000

Consolidation reserve

21

31,880

31,880

Share-based payment reserve

21

72,210

72,210

Retained earnings

21

10,473,452

7,702,252

SHAREHOLDERS' FUNDS

10,788,462

8,017,262

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

M Caldwell-Nichols BSC - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

-

-

Investments

12

1,712,934

1,713,084

1,712,934

1,713,084

CURRENT ASSETS

Debtors

14

5,278

-

Cash at bank

10,000

4,523

15,278

4,523

CREDITORS

Amounts falling due within one year

15

1,445,082

1,434,477

NET CURRENT LIABILITIES

(1,429,804

)

(1,429,954

)

TOTAL ASSETS LESS CURRENT LIABILITIES

283,130

283,130

CAPITAL AND RESERVES

Called up share capital

20

10,920

10,920

Capital redemption reserve

21

200,000

200,000

Share-based payment reserve

21

72,210

72,210

SHAREHOLDERS' FUNDS

283,130

283,130

Company's profit for the financial year

94,118

121,000

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

M Caldwell-Nichols BSC - Director

Called up

Capital

share

Retained

redemption

capital

earnings

reserve

£

£

£

Balance at 1 April 2023

10,920

5,645,337

200,000

Changes in equity

Dividends

-

(121,000

)

-

Total comprehensive income

-

2,177,915

-

Balance at 31 March 2024

10,920

7,702,252

200,000

Changes in equity

Dividends

-

(94,118

)

-

Total comprehensive income

-

2,865,318

-

Balance at 31 March 2025

10,920

10,473,452

200,000

Share-based

Consolidation

payment

Total

reserve

reserve

equity

£

£

£

Balance at 1 April 2023

31,880

72,210

5,960,347

Changes in equity

Dividends

-

-

(121,000

)

Total comprehensive income

-

-

2,177,915

Balance at 31 March 2024

31,880

72,210

8,017,262

Changes in equity

Dividends

-

-

(94,118

)

Total comprehensive income

-

-

2,865,318

Balance at 31 March 2025

31,880

72,210

10,788,462

Called up

Capital

Share-based

share

Retained

redemption

payment

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1 April 2023

10,920

-

200,000

72,210

283,130

Changes in equity

Dividends

-

(121,000

)

-

-

(121,000

)

Total comprehensive income

-

121,000

-

-

121,000

Balance at 31 March 2024

10,920

-

200,000

72,210

283,130

Changes in equity

Dividends

-

(94,118

)

-

-

(94,118

)

Total comprehensive income

-

94,118

-

-

94,118

Balance at 31 March 2025

10,920

-

200,000

72,210

283,130

Cash flows from operating activities

Cash generated from operations

1

4,040,197

2,601,483

Interest paid

-

(1,996

)

Interest element of hire purchase payments paid

(429

)

(1,040

)

Tax paid

(1,032,501

)

(178,474

)

Net cash from operating activities

3,007,267

2,419,973

Cash flows from investing activities

Purchase of tangible fixed assets

(296,814

)

(99,006

)

Purchase of fixed asset investments

-

(50

)

Sale of tangible fixed assets

-

7,000

Sale of fixed asset investments

50

-

Interest received

148,868

50,106

Net cash from investing activities

(147,896

)

(41,950

)

Cash flows from financing activities

Loan repayments in year

-

(139,333

)

Capital repayments in year

(1,258

)

-

Amount introduced by directors

-

22,888

Amount withdrawn by directors

(22,888

)

(154,500

)

Amounts introduced by shareholders

-

3,000

Amounts withdrawn by shareholders

(3,000

)

(18,778

)

Equity dividends paid

(94,118

)

(121,000

)

Net cash from financing activities

(121,264

)

(407,723

)

Increase in cash and cash equivalents

2,738,107

1,970,300

Cash and cash equivalents at beginning of year

2

4,596,115

2,625,815

Cash and cash equivalents at end of year

2

7,334,222

4,596,115

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

3,643,164

2,718,862

Depreciation charges

233,004

200,982

Loss/(profit) on disposal of fixed assets

229

(7,000

)

Finance costs

429

3,036

Finance income

(148,868

)

(50,106

)

3,727,958

2,865,774

Increase in stocks

(14,925

)

(58,690

)

(Increase)/decrease in trade and other debtors

(542,918

)

22,317

Increase/(decrease) in trade and other creditors

870,082

(227,918

)

Cash generated from operations

4,040,197

2,601,483

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

7,334,222

4,596,115

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

4,596,115

2,625,815

3.	ANALYSIS OF CHANGES IN NET FUNDS

Other

non-cash

At 1.4.24

Cash flow

changes

At 31.3.25

£

£

£

£

Net cash

Cash at bank

and in hand

4,596,115

2,738,107

7,334,222

4,596,115

2,738,107

7,334,222

Debt

Finance leases

-

1,258

(42,296

)

(41,038

)

-

1,258

(42,296

)

(41,038

)

Total

4,596,115

2,739,365

(42,296

)

7,293,184