REGISTERED NUMBER: 02050242 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

Dispak Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

7

Balance Sheet

8

Statement of Changes in Equity

9

Notes to the Financial Statements

10

DIRECTORS:

Mrs W P Brown

Mrs S A Melling

J G Melling

SECRETARY:

A D Brown

REGISTERED OFFICE:

Units 3-5 2 Porte Marsh Road

Porte Marsh Industrial Estate

Calne

Wiltshire

SN11 9BW

REGISTERED NUMBER:

02050242 (England and Wales)

AUDITORS:

Mander Duffill

Chartered Accountants & Statutory Auditor

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

The directors present their strategic report for the year ended 31 March 2025.

The company has performed very well, building on both turnover and profitability.

REVIEW OF BUSINESS

The company's turnover year on year increased to £13,947,430 in 2025, an increase of £539,409 from £13,408,021 in 2024.

The company continues to perform well and expand its customer base. Now operating from a modern, efficient, high quality head office function, the business is well structured and placed to maintain its strong market position.

The directors continue to closely monitor key performance indicators and are constantly looking for ways to improve performance.

The company's key financial and other performance indicators during the year were as follows:

31.3.25

31.3.24

£

£

Turnover

13,940,172

13,408,021

Gross profit

2,883,465

3,389,662

EBITDA

771,407

1,572,187

Earnings before tax

467,797

1,300,499

PRINCIPAL RISKS AND UNCERTAINTIES

The directors have taken wise strategic decisions to enable to company to be adaptable to market changes and environmental conditions.

The company is exposed to price risk, credit risk, liquidity risk and cashflow risk. Appropriate policies have been developed and implemented to identify, evaluate and manage key risks and the directors review key management strategies regularly.

Price risk, credit risk, liquidity risk and cash flow risk

Price risk - The company is exposed to price risk as a result of its operations. However, sales prices are constantly reviewed and agreed by management to ensure sales prices reflect any fluctuating prices within the market place.

Credit risk - Before sales are made, appropriate credit checks are made on potential customers. The majority are established customers of the company, therefore the credit risk on an individual customer is limited.

Liquidity and cash flow risk - The company's exposure to liquidity risk is minimal and the company has adequate net current assets.

ON BEHALF OF THE BOARD:

Mrs S A Melling - Director

22 December 2025

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

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2025 will be £ 196,628 .

DIRECTORS

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

Mrs W P Brown

Mrs S A Melling

J G Melling

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company'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 company's auditors are aware of that information.

AUDITORS

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

ON BEHALF OF THE BOARD:

Mrs S A Melling - Director

22 December 2025

Opinion

We have audited the financial statements of Dispak Limited (the 'company') for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 company's affairs as at 31 March 2025 and of its 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 company 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 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 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 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 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

-	the 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 three, 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 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 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:

In planning and designing our audit tests, we identify and assess the risks of material mis-statements, whether due to fraud or error. Our risk assessment procedures included:

- Enquiries of management about the entities policies and procedures on compliance with laws and regulations and whether they were aware of any instances of noncompliance together with the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.

- Enquiries of management about the entities policies and procedures on fraud risks, including any actual, suspected or alleged fraud.

- Considered the nature of the industry and sector, control environment and business performance including the key drivers for directors' remuneration, bonus levels and performance targets.

- Reading minutes of meetings of those charged with governance.

We communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

We obtained an understanding of the legal and regulatory frameworks that the entity operates in, through discussions with the director, and from our commercial knowledge and experience of the sector in which the company operates, to enable us to identify the key laws and regulations applicable to the company. We focused on specific laws and regulations which we considered may have a direct material effect on the financial statement or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override of controls including the following:

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- Enquiry of management concerning actual and potential litigation and claims.

- Reviewing correspondence with HMRC, and the company's legal advisors.

- Addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments, assessing whether judgements made in making accounting estimates are indicative of a potential bias, and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

In addition, as with any audit, there remained a higher risk of non-detection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations.

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.

Julian Duffill FCA (Senior Statutory Auditor)

for and on behalf of Mander Duffill

Chartered Accountants & Statutory Auditor

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

23 December 2025

TURNOVER

13,940,172

13,384,021

Cost of sales

11,056,707

10,039,917

GROSS PROFIT

2,883,465

3,344,104

Administrative expenses

2,441,021

2,063,581

OPERATING PROFIT

4

442,444

1,280,523

Interest receivable and similar income

25,353

20,067

467,797

1,300,590

Interest payable and similar expenses

5

-

91

PROFIT BEFORE TAXATION

467,797

1,300,499

Tax on profit

6

125,296

332,538

PROFIT FOR THE FINANCIAL YEAR

342,501

967,961

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

342,501

967,961

FIXED ASSETS

Tangible assets

8

864,909

2,329,070

Investments

9

3,000

3,000

867,909

2,332,070

CURRENT ASSETS

Stocks

10

603,071

562,186

Debtors

11

3,225,025

1,945,237

Cash at bank and in hand

2,035,866

1,564,301

5,863,962

4,071,724

CREDITORS

Amounts falling due within one year

12

2,937,552

2,705,535

NET CURRENT ASSETS

2,926,410

1,366,189

TOTAL ASSETS LESS CURRENT LIABILITIES

3,794,319

3,698,259

PROVISIONS FOR LIABILITIES

14

216,226

266,039

NET ASSETS

3,578,093

3,432,220

CAPITAL AND RESERVES

Called up share capital

15

101,500

101,500

Retained earnings

16

3,476,593

3,330,720

SHAREHOLDERS' FUNDS

3,578,093

3,432,220

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Mrs S A Melling - Director

J G Melling - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

101,500

2,532,035

2,633,535

Changes in equity

Dividends

-

(169,276

)

(169,276

)

Total comprehensive income

-

967,961

967,961

Balance at 31 March 2024

101,500

3,330,720

3,432,220

Changes in equity

Dividends

-

(196,628

)

(196,628

)

Total comprehensive income

-

342,501

342,501

Balance at 31 March 2025

101,500

3,476,593

3,578,093

1.	STATUTORY INFORMATION

Dispak Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A.

Preparation of consolidated financial statements

The financial statements contain information about Dispak Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Dispak Group Limited, Units 3-5, 2 Porte Marsh Road, Porte Marsh Industrial Estate, Calne, Wiltshire. SN11 9BW..

Turnover

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

at varying rates on cost

Furniture, fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

25% on cost

Computer equipment

-

15% on cost

Investments in subsidiaries

Investments in equity shares which are publicly traded or where the fair value can be measured

reliably are initially measured at fair value, with changes in fair value recognised in profit or loss.

Investments in equity shares which are not publicly traded and where fair value cannot be measured

reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective

interest method. Dividends on equity securities are recognised in income when receivable.

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 stocks 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies

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.

Pension costs and other post-retirement benefits

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.

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.

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.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary

course of business from suppliers. Trade creditors 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.

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.

3.	EMPLOYEES AND DIRECTORS

31.3.25

31.3.24

£

£

Wages and salaries

821,953

790,516

Social security costs

81,011

82,192

Other pension costs

79,614

74,138

982,578

946,846

The average number of employees during the year was as follows:

31.3.25

31.3.24

Employees and directors

25

25

31.3.25

31.3.24

£

£

Directors' remuneration

21,257

34,343

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.3.25

31.3.24

£

£

Depreciation - owned assets

305,240

276,789

Profit on disposal of fixed assets

-

(7,425

)

Auditors' remuneration

10,900

10,000

Foreign exchange differences

(10,442

)

(15,449

)

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.3.25

31.3.24

£

£

Interest on tax paid late

-

91

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.3.25

31.3.24

£

£

Current tax:

UK corporation tax

175,109

169,945

Deferred tax

(49,813

)

162,593

Tax on profit

125,296

332,538

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.3.25

31.3.24

£

£

Profit before tax

467,797

1,300,499

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

116,949

325,125

Effects of:

Expenses not deductible for tax purposes

7,118

8,727

Structures and building allowance

(1,565

)

(1,314

)

Depreciation on non capital allowance assets

2,794

-

Total tax charge

125,296

332,538

7.

DIVIDENDS

31.3.25

31.3.24

£

£

Ordinary A shares of £1 each

Dividend - paid in the year

164,628

133,276

Ordinary B shares of £1 each

Dividend - paid in the year

8,000

12,000

Ordinary C shares of £1 each

Dividend - paid in the year

24,000

24,000

196,628

169,276

8.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 April 2024

1,335,544

15,106

1,315,538

Additions

-

-

37,511

Disposals

(1,335,544

)

(15,106

)

-

At 31 March 2025

-

-

1,353,049

DEPRECIATION

At 1 April 2024

70,630

15,106

378,920

Charge for year

11,178

-

260,559

Eliminated on disposal

(81,808

)

(15,106

)

-

At 31 March 2025

-

-

639,479

NET BOOK VALUE

At 31 March 2025

-

-

713,570

At 31 March 2024

1,264,914

-

936,618

Furniture,

fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

82,893

59,067

113,396

2,921,544

Additions

12,254

36,270

8,780

94,815

Disposals

(4,192

)

-

(78,315

)

(1,433,157

)

At 31 March 2025

90,955

95,337

43,861

1,583,202

DEPRECIATION

At 1 April 2024

16,028

7,383

104,407

592,474

Charge for year

15,678

15,127

2,698

305,240

Eliminated on disposal

(4,192

)

-

(78,315

)

(179,421

)

At 31 March 2025

27,514

22,510

28,790

718,293

NET BOOK VALUE

At 31 March 2025

63,441

72,827

15,071

864,909

At 31 March 2024

66,865

51,684

8,989

2,329,070

9.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2024

and 31 March 2025

3,000

NET BOOK VALUE

At 31 March 2025

3,000

At 31 March 2024

3,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Dispak (Southern) Limited

Registered office: Units 3-5 2 Porte Marsh Road, Porte Marsh Industrial Estate, Calne, Wiltshire, United Kingdom, SN11 9BW

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

£

Aggregate capital and reserves

1,000

1,000