REGISTERED NUMBER: 08334706 (England and Wales)

HYBRID MANUFACTURING TECHNOLOGIES

LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J B Jones

REGISTERED OFFICE:

Unit 9 Rawdon Network Centre

Rawdon Business Park, Marquis Drive

Moira

Swadlincote

Derbyshire

DE12 6EJ

REGISTERED NUMBER:

08334706 (England and Wales)

FIXED ASSETS

Intangible assets

4

249,945

244,312

Tangible assets

5

83,091

125,638

333,036

369,950

CURRENT ASSETS

Stocks

695,485

1,386,966

Debtors

6

731,966

795,801

Cash at bank

58,142

96,575

1,485,593

2,279,342

CREDITORS

Amounts falling due within one year

7

2,614,842

2,725,214

NET CURRENT LIABILITIES

(1,129,249

)

(445,872

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(796,213

)

(75,922

)

CREDITORS

Amounts falling due after more than one year

8

104,010

134,759

NET LIABILITIES

(900,223

)

(210,681

)

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Other reserves

9

1,000,000

-

Retained earnings

9

(1,903,223

)

(213,681

)

SHAREHOLDERS' FUNDS

(900,223

)

(210,681

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 December 2025 and were signed by:

J B Jones - Director

1.	STATUTORY INFORMATION

Hybrid Manufacturing Technologies 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the balance sheet date the company showed an insolvent position.

The Director has assessed this position with reference to the period of 12 months form approval of these financial statements and commented that;

CREDITORS

The intra-group debt to the parent company is listed as a current liability per accounting rules, even though it remains on an unscheduled long-term timeline. The parent has confirmed it will not seek repayment for at least 12 months from the balance sheet date.

RELATED PARTIES

Furthermore, the ultimate parent company has committed to providing financial support for at least 12 months from the date these statements, including a voluntary capital (gift) from the parent without the issuance of new shares or debt.

Accordingly the director considers the going concern basis of preparation to be appropriate.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Long leasehold

-

over the period of the lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Holiday pay accrual

Liability reflected in accounts in recognition of employees providing a service in exchange for benefits to be paid at a future date.

Grants

The Company has adopted the accruals model for accounting for grant income.

Upon initial receipt of the grant the company classifies the grant according to whether it is a grant relating to revenue or a grant relating to assets.

Grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs will be recognised in income in the period in which it becomes receivable.

Grants relating to assets shall be recognised in income on a systematic basis over the expected useful life of the asset.

Where part of a grant relating to an asset is deferred it shall be recognised as deferred income and not deducted from the carrying amount of the asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

353,394

Additions

13,731

At 31 December 2024

367,125

AMORTISATION

At 1 January 2024

109,082

Charge for year

8,098

At 31 December 2024

117,180

NET BOOK VALUE

At 31 December 2024

249,945

At 31 December 2023

244,312

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

182,851

367,662

550,513

Additions

-

5,883

5,883

At 31 December 2024

182,851

373,545

556,396

DEPRECIATION

At 1 January 2024

113,349

311,526

424,875

Charge for year

25,563

22,867

48,430

At 31 December 2024

138,912

334,393

473,305

NET BOOK VALUE

At 31 December 2024

43,939

39,152

83,091

At 31 December 2023

69,502

56,136

125,638

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

17,211

8,178

Amounts owed by group undertakings

118,465

116,380

Amounts owed by participating interests

17,994

17,994

Other debtors

578,296

653,249

731,966

795,801

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

50,000

50,000

Finance leases

24,603

26,067

Trade creditors

95,129

158,885

Amounts owed to participating interests

986,159

963,074

Taxation and social security

8,645

6,520

Other creditors

1,450,306

1,520,668

2,614,842

2,725,214

The directors loans are not subject to any formal loan agreements, no interest is charged and there is no set date for repayment. On the basis that no formal agreement exists, the loans are deemed to be repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

29,166

79,166

Finance leases

29,134

55,593

Other creditors

45,710

-

104,010

134,759

9.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 January 2024

(213,681

)

-

(213,681

)

Deficit for the year

(1,689,542

)

(1,689,542

)

Parent company capital

contribution

-

1,000,000

1,000,000

At 31 December 2024

(1,903,223

)

1,000,000

(903,223

)

During the year the parent company made a voluntary gift of a capital contribution of £1 million for no share exchange and this has accordingly been included in other reserves.

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Ex Scintilla Limited, a company registered and operating in England.

The ultimate controlling company is Hybrid Manufacturing Technologies Global, Inc, a company registered in Delaware, U.S.A.