Registration number: NI045640

Diffusion (NI) Limited

(Registration number: NI045640)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	93,679	110,626
Current assets
Stocks	6	402,554	432,783
Debtors	7	211,254	202,859
Cash at bank and in hand		238,215	292,049
		852,023	927,691
Creditors: Amounts falling due within one year	8	(116,090)	(152,339)
Net current assets		735,933	775,352
Total assets less current liabilities		829,612	885,978
Creditors: Amounts falling due after more than one year	8	(21,995)	(32,868)
Provisions for liabilities		-	(6,168)
Net assets		807,617	846,942
Capital and reserves
Called up share capital	9	1,003	1,003
Retained earnings		806,614	845,939
Shareholders' funds		807,617	846,942

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Diffusion (NI) Limited

(Registration number: NI045640)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 11 December 2025 and signed on its behalf by:
 

......................................... Mrs Janice Piper Director

......................................... Mrs Vivien Corr Director

Diffusion (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: Unit 3, 6 Springfarm Industrial Estate, Antrim, Co. Antrim, Co. Antrim, BT41 4NZ.

These financial statements were authorised for issue by the Board on 11 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Diffusion (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant, machinery, fixtures and fittings	20% straight line
Motor vehicles	25% straight line
Renovations of leasehold buildings	20% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Patents	33.33% per year

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Diffusion (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Short term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Diffusion (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2024 - 19).

4	Intangible assets

	Patents  £	Total £
Cost or valuation
At 1 April 2024	3,456	3,456
At 31 March 2025	3,456	3,456
Amortisation
At 1 April 2024	3,456	3,456
At 31 March 2025	3,456	3,456
Carrying amount
At 31 March 2025	-	-

Diffusion (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Motor vehicles  £	Plant and machinery  £	Total £
Cost or valuation
At 1 April 2024	35,677	32,321	54,750	281,558	404,306
Additions	-	-	-	16,356	16,356
At 31 March 2025	35,677	32,321	54,750	297,914	420,662
Depreciation
At 1 April 2024	35,677	27,941	10,950	219,112	293,680
Charge for the year	-	1,520	10,950	20,833	33,303
At 31 March 2025	35,677	29,461	21,900	239,945	326,983
Carrying amount
At 31 March 2025	-	2,860	32,850	57,969	93,679
At 31 March 2024	-	4,380	43,800	62,446	110,626

6

Stocks

	2025 £	2024 £
Stocks	402,554	432,783

7

Debtors

Current	2025 £	2024 £
Trade debtors	202,295	185,588
Prepayments	8,959	10,536
Other debtors	-	6,735
	211,254	202,859

Diffusion (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		73,395	81,365
Owed to parent undertaking		-	40,000
Taxation and social security		14,157	9,559
Other creditors		17,665	12,599
HP and finance lease liabilities	10	10,873	8,816
		116,090	152,339

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000
Ordinary 'B' shares of £1 each	3	3	3	3
	1,003	1,003	1,003	1,003

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	21,995	32,868

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	10,873	8,816

Diffusion (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11	Parent and ultimate parent undertaking

The company's immediate parent is Diffusion Investments Limited, incorporated in Northern Ireland.

 The ultimate controlling party is considered to be the directors of the company.