REGISTERED NUMBER: 06786634 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 March 2025

for

Door Maintenance Group Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Statement of Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

12

Consolidated Statement of Changes in Equity

13

Company Statement of Changes in Equity

14

Consolidated Cash Flow Statement

15

Notes to the Consolidated Cash Flow Statement

16

Notes to the Consolidated Financial Statements

17

DIRECTORS:

A J Mackie

H J Townley

REGISTERED OFFICE:

Harlech House

Hayes Road

Sully

Vale of Glamorgan

CF64 5RB

REGISTERED NUMBER:

06786634 (England and Wales)

SENIOR STATUTORY AUDITOR:

S P Horrigan FCA

AUDITORS:

DHB Accountants Limited

Chartered Accountants

Statutory Auditors

110 Whitchurch Road

Cardiff

CF14 3LY

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

REVIEW OF BUSINESS

Door Maintenance Group Limited acts as a holding company to a number of trading subsidiaries but also is a trading company in it's own right. The group is engaged in the manufacture of industrial and commercial roller shutter doors and fire curtains and also distributes the products required for the manufacturing process.

The results for the financial year are set out in the attached consolidated profit & loss account.

The consolidated balance sheet discloses the position of the group as at 31 March 2025 which discloses net assets of £5,143,191.

The directors are pleased with the results of the group for the year ended 31 March 2025 and continue to develop new technologies and processes within the industry in which they operate and are excited about developments for innovative safety enhancements which are currently being tested and which will make the company a leader in fire safety products within their industry. The directors expect the group to continue to grow and increase sales and profitability in the future.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors undertake periodic reviews of the operating risks facing the group.The group is exposed to certain financial risks and the directors have developed and evaluated strategies and programmes on internal controls to address the principal risks identified.

The generic risks identified are controlled as follows :

Credit Risk : The group's principal assets comprise it's tangible fixed assets, investments, investment properties, bank balances and receivables. Provisions are made if required for any irrecoverable amounts and impairment provision made where there is an unidentifiable loss event which could give rise to a reduction in the recoverability of cash flows.Checks are undertaken on organisations that may result in a credit risk prior to entering into such transactions. Bank balances are held at reputable financial institutions.

Liquidity Risk : In order to maintain liquidity to ensure that there are sufficient funds available for ongoing operations and future developments the group uses a mixture of long and short term debt finance.

Cash Flow Risk : The trading activities of the group are all within the United Kingdom although much of the raw material purchases are purchased from other countries within and outside of the EU. The possibility of adverse movements in exchange rates is a risk that the directors are aware of and manage. Furthermore in the absence of a BREXIT deal there may be some short term difficulties in the free movement of goods and additional costs such as duty.The directors have identified these risk's and have adopted a strategy to deal with them and to ensure continuity of supply.

Interest rate increases : The group does not rely upon significant external funders and any risks associated with increased interest costs are unlikely to have a significant impact upon the group.

There are uncertainties created by the conflicts in Ukraine and the Middle East and the possibility of a disruption to supply lines reliant upon transport from the Far East and Europe, the impact upon the group trading is under constant review and the directors have adopted a strategy to deal with the challenges this presents.

Regular management accounts are prepared and reviewed by the directors and trends and variances are considered and investigated as to any impact upon the businesses and their cash flow.

Given the straightforward nature of the businesses that comprise the Group, the directors are of the opinion that analysis using Key Performance Indicators (KPI) is not necessary for an understanding of the development, performance or position of the business.

ON BEHALF OF THE BOARD:

A J Mackie - Director

23 December 2025

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the manufacture of roller shutter doors,fire curtains and the sale of materials, accessories and also ancillary components for use in that manufacturing process.

DIVIDENDS

The total dividends paid during the year amounted to £310,000.

RESEARCH AND DEVELOPMENT

Certain companies within the group have undertaken research and development activities during the year under an ongoing programme aimed at improving the fire retardant ratings of products produced within the group exceeding industry safety standards.

DIRECTORS

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

A J Mackie

H J Townley

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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

DHB Accountants Limited will be deemed to have been reappointed as auditors 28 days after these financial statement's were sent to members or 28 days after the latest date prescribed for filing the financial statement's with Companies House whichever is the earlier.

ON BEHALF OF THE BOARD:

A J Mackie - Director

23 December 2025

Opinion

We have audited the financial statements of Door Maintenance Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Statement of 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).

Qualified Opinion

Our audit work in connection with the consolidated balance sheet as at 31 March 2025 was entirely satisfactory. The financial statements of the subsidiary companies of the group which have been used as the basis of consolidation were not subject to audit in the previous period.

Except for any adjustments that might have proved necessary had the subsidiary company financial statements been subject to audit in our opinion the financial statements:

- give a true and fair view of the state of the group'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 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:

As part of planning our audit, we determined materiality and assessed the risks of material misstatement in the financial statement's, including how fraud may occur by enquiring of management of its own consideration of fraud. In particular we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures , opportunity and motivations for fraud. As part of this discussion we identified the internal controls to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.

We gained an understanding of the legal and regulatory frameworks that are applicable to the company and the industry in which it operates, drawing on our wide experience, and considered whether there had been any acts by the company that may have been contrary to these laws and regulations, including fraud. We focused on laws and regulations that could give rise to material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, UK tax legislation and relevant local laws and regulations. We made enquiries of management with regards to compliance with the above laws and regulations and corroborated where necessary to other necessary evidence.

Our audit tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management.

We did not identify any key audit matters relating to irregularities, including fraud. As in all of our audits, we also addressed the risk of management override on internal controls including testing journals and evaluation of whether there was any evidence of bias by management that represented a risk of material misstatement due to fraud.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognizing that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment, for example, forgery, misrepresentation or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statement's, the less likely we are to become aware of it.

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.

S P Horrigan FCA (Senior Statutory Auditor)

for and on behalf of DHB Accountants Limited

Chartered Accountants

Statutory Auditors

110 Whitchurch Road

Cardiff

CF14 3LY

23 December 2025

TURNOVER

14,591,480

14,818,162

Cost of sales

10,020,390

10,200,497

GROSS PROFIT

4,571,090

4,617,665

Administrative expenses

3,821,445

3,515,172

749,645

1,102,493

Other operating income

56,353

24,492

OPERATING PROFIT

4

805,998

1,126,985

Interest receivable and similar income

385

-

806,383

1,126,985

Interest payable and similar expenses

5

48,319

46,469

PROFIT BEFORE TAXATION

758,064

1,080,516

Tax on profit

6

117,099

222,917

PROFIT FOR THE FINANCIAL YEAR

640,965

857,599

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

640,965

857,599

Profit attributable to:

Owners of the parent

640,965

857,599

Total comprehensive income attributable to:

Owners of the parent

640,965

857,599

FIXED ASSETS

Tangible assets

9

3,532,704

3,553,687

Investments

10

10,000

10,000

3,542,704

3,563,687

CURRENT ASSETS

Stocks

11

1,927,277

1,857,984

Debtors

12

3,346,607

2,367,157

Cash at bank and in hand

1,006,934

1,652,311

6,280,818

5,877,452

CREDITORS

Amounts falling due within one year

13

3,621,094

3,479,707

NET CURRENT ASSETS

2,659,724

2,397,745

TOTAL ASSETS LESS CURRENT LIABILITIES

6,202,428

5,961,432

CREDITORS

Amounts falling due after more than one year

14

(464,044

)

(536,256

)

PROVISIONS FOR LIABILITIES

18

(595,193

)

(612,950

)

NET ASSETS

5,143,191

4,812,226

CAPITAL AND RESERVES

Called up share capital

19

100

100

Fair value reserve

20

1,756,969

1,756,969

Retained earnings

20

3,386,122

3,055,157

SHAREHOLDERS' FUNDS

5,143,191

4,812,226

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

A J Mackie - Director

FIXED ASSETS

Tangible assets

9

3,476,965

3,444,586

Investments

10

90,012

90,012

3,566,977

3,534,598

CURRENT ASSETS

Stocks

11

12,508

-

Debtors

12

825,083

618,034

Cash at bank

156,577

350,964

994,168

968,998

CREDITORS

Amounts falling due within one year

13

1,934,389

1,775,234

NET CURRENT LIABILITIES

(940,221

)

(806,236

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,626,756

2,728,362

CREDITORS

Amounts falling due after more than one year

14

(183,430

)

(225,043

)

PROVISIONS FOR LIABILITIES

18

(585,656

)

(585,656

)

NET ASSETS

1,857,670

1,917,663

CAPITAL AND RESERVES

Called up share capital

19

100

100

Fair value reserve

1,756,969

1,756,969

Retained earnings

100,601

160,594

SHAREHOLDERS' FUNDS

1,857,670

1,917,663

Company's profit for the financial year

250,007

167,802

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

A J Mackie - Director

Called up

Fair

share

Retained

value

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

100

2,457,164

1,756,969

4,214,233

Changes in equity

Dividends

-

(170,000

)

-

(170,000

)

Total comprehensive income

-

767,993

-

767,993

Balance at 31 March 2024

100

3,055,157

1,756,969

4,812,226

Changes in equity

Dividends

-

(310,000

)

-

(310,000

)

Total comprehensive income

-

640,965

-

640,965

Balance at 31 March 2025

100

3,386,122

1,756,969

5,143,191

Called up

Fair

share

Retained

value

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

100

162,792

1,756,969

1,919,861

Changes in equity

Dividends

-

(170,000

)

-

(170,000

)

Total comprehensive income

-

167,802

-

167,802

Balance at 31 March 2024

100

160,594

1,756,969

1,917,663

Changes in equity

Dividends

-

(310,000

)

-

(310,000

)

Total comprehensive income

-

250,007

-

250,007

Balance at 31 March 2025

100

100,601

1,756,969

1,857,670

Cash flows from operating activities

Cash generated from operations

1

151,296

1,463,161

Interest paid

(36,284

)

(42,811

)

Interest element of hire purchase payments paid

(12,035

)

(3,658

)

Tax paid

(229,847

)

(116,101

)

Net cash from operating activities

(126,870

)

1,300,591

Cash flows from investing activities

Purchase of tangible fixed assets

(205,269

)

(641,918

)

Sale of tangible fixed assets

36,641

-

Interest received

385

-

Net cash from investing activities

(168,243

)

(641,918

)

Cash flows from financing activities

Capital repayments in year

(40,264

)

103,484

Equity dividends paid

(310,000

)

(170,000

)

Net cash from financing activities

(350,264

)

(66,516

)

(Decrease)/increase in cash and cash equivalents

(645,377

)

592,157

Cash and cash equivalents at beginning of year

2

1,652,311

1,060,154

Cash and cash equivalents at end of year

2

1,006,934

1,652,311

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

2025

2024

£

£

Profit before taxation

758,064

1,080,516

Depreciation charges

198,879

190,708

Profit on disposal of fixed assets

(9,268

)

-

Consolidation adjustments

-

(89,015

)

Finance costs

48,319

46,469

Finance income

(385

)

-

995,609

1,228,678

Increase in stocks

(69,293

)

(145,416

)

(Increase)/decrease in trade and other debtors

(979,450

)

382,296

Increase/(decrease) in trade and other creditors

204,430

(2,397

)

Cash generated from operations

151,296

1,463,161

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

1,006,934

1,652,311

Year ended 31 March 2024

31/3/24

1/4/23

£

£

Cash and cash equivalents

1,652,311

1,060,154

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank and in hand

1,652,311

(645,377

)

1,006,934

1,652,311

(645,377

)

1,006,934

Debt

Finance leases

(183,952

)

2,784

(181,168

)

Debts falling due within 1 year

(33,400

)

(4,079

)

(37,479

)

Debts falling due after 1 year

(431,144

)

41,559

(389,585

)

(648,496

)

40,264

(608,232

)

Total

1,003,815

(605,113

)

398,702

1.	STATUTORY INFORMATION

Door Maintenance Group 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 General Information page.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

The preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions in certain circumstances that affect reported amounts of assets and liabilities at the date of the financial statements and the amount of reported income and expenditure during the reporting period. Actual results may differ from these estimates. Such judgements as have been required have been made on a consistent and prudent basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost, 15% on reducing balance, 10% on cost and at varying rates on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.