Fabriculture Home Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Stone Buildings
London
WC2A 3TH
England

These financial statements were authorised for issue by the Board on 10 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.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Going concern

The company has positive net current assets as at 31 March 2025. On the basis of their assessment of the company's financial position, the company's directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future, being a period of not less than twelve months from the approval of these financial statements. The company has obtained confirmation from its major supplier that it will continue to provide support for at least 12 months, including extended credit terms and an assurance that no pressure will be applied for the recovery of overdue amounts during this period.Further, the immediate parent company Asaya Investments Limited, has confirmed that it will continue to provide financial support and honour the company's obligations as they arise, if required.

Fabriculture Home Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 10 December 2025 was Amanjit Singh FCA, who signed for and on behalf of KNAV Limited.

2025-129-UK

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises 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.

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.

Fabriculture Home Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost method.

The cost of finished goods 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Fabriculture Home Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

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.

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.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.

 Recognition and measurement
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms of financed at a rate of interest that is not a market rate or in case of an out-right short term loan not at a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss if recognised in the Profit and loss account.

For financial assets measured as amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

Fabriculture Home Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

3	Staff numbers

The average monthly number of persons employed by the company (including directors) during the year, was 2 (2024: 2).

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	165,000	116,666
Contributions paid to money purchase schemes	2,641	1,211
	167,641	117,877

4

Taxation

Tax charged/(credited) in the profit and loss account

	2025 £	2024 £
Current taxation
UK corporation tax	-	18,286
Deferred taxation
Arising from origination and reversal of timing differences	-	23,647
Tax expense in the income statement	-	41,933

5

Stocks

	2025 £	2024 £
Finished goods	325,212	982,453

Fabriculture Home Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

6

Debtors

	Note	2025 £	2024 £
Trade debtors		132,076	99,107
Amounts owed by related parties	10	196,582	766,104
Other debtors		4,454	15,493
Prepayments		7,932	8,571
		341,044	889,275

Amounts owed by related parties comprise an interest-free short-term loan of £496,641. The loan is offset by settlements linked to the underlying inventories financed by the loan.

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		8,989	48,839
Amounts owed to related parties	10	315,549	442,707
Taxation and social security		71,486	274,552
Accruals and deferred income		93,463	680,289
Other creditors		8,258	9,929
		497,745	1,456,316

Amounts due to related parties are unsecured, non-interest bearing and repayable on demand.

Fabriculture Home Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Amounts owed to related parties	125,697	150,000

Other borrowings represent loans and accumulated interest on the loans received from immediate parent company and a significant shareholder. These balances accrue interest @ 5% per annum and together with the accumulated interest, are repayable in full on 12 December 2026.

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
A Shares of £1 each	187,750	187,750	187,750	187,750
B Shares of £1 each	62,250	62,250	62,250	62,250
	250,000	250,000	250,000	250,000

Fabriculture Home Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

10	Related party transactions

The company has taken advantage of the exemptions available in FRS 102 section 1A from disclosing related party transactions with other companies that are wholly owned within the group.

During the prior year year the company received loans from its parent and significant shareholder of £125,697 the total loans remain outstanding at the year end. The balance represents loans and accumulated interest on the loans received. These balances accrue interest @ 5% per annum and together with the accumulated interest, are repayable in full on 12 December 2026.

During the year, the company sold goods of a value of £997,669, services of a value of £139,933 and incurred expenses of £62,327 with its associate company. In the prior year the company provided a loan to this company of £496,641 which remains outstanding at the year end. The loan is short term, interest free and offset by £300,059 at the year end for the expenses and return of goods as per the terms of the agreement.

During the year, the company purchased goods with a value of £1,364,900, incurred expenditure of £13,224 and were to be reimbursed of £154,453 for the return of stock with its related party. At the year end, the total amount outstanding was £315,549.

During the year, the company advanced £3,920 to a director, which remains outstanding within other debtors at the year end.

11	Parent and ultimate parent undertaking

The company's immediate parent is Asaya Investments Limited, incorporated in United Kingdom.

 The ultimate parent is Prince International Limited, incorporated in Jersey.