REGISTERED NUMBER: 08555861 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 December 2024

for

IM Global Group Holdings Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

9

Consolidated Other 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:

M I Shipman

R I Shipman

R Shipman

REGISTERED OFFICE:

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

REGISTERED NUMBER:

08555861 (England and Wales)

AUDITORS:

Clayton & Brewill

Statutory Auditors and

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

The directors present their strategic report of the company and the group for the year ended 31 December 2024.

REVIEW OF BUSINESS

The IM Automotive Group is an end to end product partner to the global auto parts industry. 2024 saw a rise in both turnover and profitability for the company and the strengthening partnerships.

The Directors have reviewed the cash requirements of the business in the light of the ongoing trading environment and are confident that the company has sufficient cash resources to enable it to continue to trade for the foreseeable future.

KEY PERFORMANCE INDICATORS

The Directors regularly review the company's performance against key performance indicators, the main KPI's are turnover, profitability, cashflow and service levels to customer.

FUTURE DEVELOPMENTS

The Directors continue to look for opportunities to expand both the geographical footprint serviced and the range of products offered in order to grow the business. In addition, the company continues to invest in new technologies, equipment and staff.

BUSINESS RELATIONSHIPS

The directors recognise the need to build strong long-standing relationships with both customers and suppliers is fundamental to the success of the company. The company continues to develop strategies to maintain and expand our customer base and strengthen our supplier relationships.

The company agrees terms of payments with our suppliers on an annual basis in line with normal trade practices and provided a supplier performs in accordance with the agreement abides by such terms.

OUR PEOPLE

As a family owned and managed business the company is committed to being a responsible business. The company's behaviour is based upon our traditional family values and is aligned with the expectations of our people, customers, shareholders, communities and society as a whole. The company has for many years looked to actively develop our own people in order to wherever possible progress our employees through the business and continues to do so.

HEALTH AND SAFETY

We are committed as a company to prevent injury and ill health and strive towards continual improvement in all our activities.

DISABLED EMPLOYEES

Applications for employment by disabled persons are always fully considered where the requirements of the role can be adequately fulfilled by a disabled person. In the event of a member of staff becoming disabled every effort is made to ensure that their employment with the company continues and that appropriate training is provided.

EMPLOYEE INVOLVEMENT

The Board of Directors believed that successful employee involvement requires support, training and guidance from management. Rather than relying wholly, however, on formal systems and structures, great importance is attached to the managerial style and the quality of direct contact and relationship with employees. This has been proved in the many long serving employees we have within our business globally.

CULTURE AND VALUES

The long-term success of the company is dependent on achieving our strategic goals in such a way as to look after the best interests of our shareholders, customers, suppliers, employees and other stakeholders.

POLITICAL DONATIONS

The company does not make any donations to any political party or organisation.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors regularly review and mitigate where possible risks and uncertainties. The main risk's the company faces is currency risk due to our global trading footprint. Along with rapidly rising freight costs and changes in trade and shipping routes. This affecting product lead times and availability.

ON BEHALF OF THE BOARD:

M I Shipman - Director

22 December 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

DIVIDENDS

Interim dividends per share were paid as follows:

117,447

- 22 January 2024

20,000

- 13 March 2024

100,000

- 27 March 2024

52,000

- 15 May 2024

40,000

- 17 June 2024

40,000

- 3 July 2024

32,500

- 16 August 2024

50,000

- 26 September 2024

80,198

- 23 October 2024

532,145

The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 December 2024 will be £ 532,145 .

DIRECTORS

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

M I Shipman

R I Shipman

R Shipman

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

The auditors, Clayton & Brewill, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M I Shipman - Director

22 December 2025

Opinion

We have audited the financial statements of IM Global Group Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other 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).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2024 and of the group's 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:

-Enquiry of management and those charged with governance around actual and potential litigation and claims;

- Reviewing financial statement disclosures and testing to supporting documentation to assess

compliance with applicable laws and regulations;

- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Yvonne Jackson BSc FCA (Senior Statutory Auditor)

for and on behalf of Clayton & Brewill

Statutory Auditors and

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

23 December 2025

REVENUE

3

22,962,388

21,106,048

Cost of sales

16,706,137

15,448,729

GROSS PROFIT

6,256,251

5,657,319

Administrative expenses

3,316,714

3,554,027

2,939,537

2,103,292

Other operating income

69,750

191,700

OPERATING PROFIT

5

3,009,287

2,294,992

Income from other participating interests

(41,836

)

-

Interest receivable and similar income

1,896

195

(39,940

)

195

2,969,347

2,295,187

Interest payable and similar expenses

6

86,267

73,581

PROFIT BEFORE TAXATION

2,883,080

2,221,606

Tax on profit

7

559,988

538,387

PROFIT FOR THE FINANCIAL YEAR

2,323,092

1,683,219

Profit attributable to:

Owners of the parent

2,285,132

1,640,637

Non-controlling interests

37,960

42,582

2,323,092

1,683,219

PROFIT FOR THE YEAR

2,323,092

1,683,219

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,323,092

1,683,219

Note

Prior year adjustment

10

(52,791

)

(41,288

)

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT

2,270,301

1,641,931

Total comprehensive income attributable to:

Owners of the parent

2,232,341

1,599,349

Non-controlling interests

37,960

42,582

2,270,301

1,641,931

FIXED ASSETS

Intangible assets

11

9,381

12,183

Property, plant and equipment

12

927,180

817,079

Investments

13

Interest in associate

786,101

-

Investment property

14

213,174

226,630

1,935,836

1,055,892

CURRENT ASSETS

Inventories

15

9,354,407

8,371,708

Debtors

16

3,388,966

1,649,488

Cash at bank

676,131

940,786

13,419,504

10,961,982

CREDITORS

Amounts falling due within one year

17

8,125,403

6,580,882

NET CURRENT ASSETS

5,294,101

4,381,100

TOTAL ASSETS LESS CURRENT LIABILITIES

7,229,937

5,436,992

CREDITORS

Amounts falling due after more than one year

18

(189,534

)

(238,787

)

PROVISIONS FOR LIABILITIES

22

(208,831

)

(139,077

)

NET ASSETS

6,831,572

5,059,128

CAPITAL AND RESERVES

Called up share capital

23

222

222

Share premium

24

499,978

499,978

Retained earnings

24

5,957,659

4,204,672

SHAREHOLDERS' FUNDS

6,457,859

4,704,872

NON-CONTROLLING INTERESTS

25

373,713

354,256

TOTAL EQUITY

6,831,572

5,059,128

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:

M I Shipman - Director

FIXED ASSETS

Intangible assets

11

-

-

Property, plant and equipment

12

-

-

Investments

13

1,292,834

507,497

Investment property

14

-

-

1,292,834

507,497

CURRENT ASSETS

Debtors

16

4,425

4,425

Cash at bank

800

116,679

5,225

121,104

CREDITORS

Amounts falling due within one year

17

8,137

433

NET CURRENT (LIABILITIES)/ASSETS

(2,912

)

120,671

TOTAL ASSETS LESS CURRENT LIABILITIES

1,289,922

628,168

CREDITORS

Amounts falling due after more than one year

18

74,452

79,912

NET ASSETS

1,215,470

548,256

CAPITAL AND RESERVES

Called up share capital

23

222

222

Share premium

499,978

499,978

Retained earnings

715,270

48,056

SHAREHOLDERS' FUNDS

1,215,470

548,256

Company's profit for the financial year

1,199,359

278,247

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:

M I Shipman - Director

Called up

share

Retained

Share

capital

earnings

premium

£

£

£

Balance at 1 January 2023

222

2,843,365

499,978

Prior year adjustment

-

(41,288

)

-

As restated

222

2,802,077

499,978

Changes in equity

Dividends

-

(238,042

)

-

Total comprehensive income

-

1,693,428

-

Balance at 31 December 2023

222

4,257,463

499,978

Prior year adjustment

-

(52,791

)

-

As restated

222

4,204,672

499,978

Changes in equity

Dividends

-

(532,145

)

-

Total comprehensive income

-

2,285,132

-

Balance at 31 December 2024

222

5,957,659

499,978

Non-controlling

Total

Total

interests

equity

£

£

£

Balance at 1 January 2023

3,343,565

311,674

3,655,239

Prior year adjustment

(41,288

)

-

(41,288

)

As restated

3,302,277

311,674

3,613,951

Changes in equity

Dividends

(238,042

)

-

(238,042

)

Total comprehensive income

1,693,428

42,582

1,736,010

Balance at 31 December 2023

4,757,663

354,256

5,111,919

Prior year adjustment

(52,791

)

-

(52,791

)

As restated

4,704,872

354,256

5,059,128

Changes in equity

Dividends

(532,145

)

(18,503

)

(550,648

)

Total comprehensive income

2,285,132

37,960

2,323,092

Balance at 31 December 2024

6,457,859

373,713

6,831,572

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 January 2023

222

582

499,978

500,782

Prior year adjustment

-

4,425

-

4,425

As restated

222

5,007

499,978

505,207

Changes in equity

Dividends

-

(235,198

)

-

(235,198

)

Total comprehensive income

-

278,247

-

278,247

Balance at 31 December 2023

222

48,056

499,978

548,256

Changes in equity

Dividends

-

(532,145

)

-

(532,145

)

Total comprehensive income

-

1,199,359

-

1,199,359

Balance at 31 December 2024

222

715,270

499,978

1,215,470

Cash flows from operating activities

Cash generated from operations

1

729,246

650,716

Interest paid

(85,791

)

(73,105

)

Interest element of hire purchase payments paid

(476

)

(476

)

Tax paid

(264,375

)

(249,644

)

Net cash from operating activities

378,604

327,491

Cash flows from investing activities

Purchase of intangible fixed assets

(6,498

)

(13,923

)

Purchase of tangible fixed assets

(248,021

)

(184,699

)

Purchase of fixed asset investments

(786,101

)

-

Sale of tangible fixed assets

22,876

-

Sale of fixed asset investments

907,044

-

Exchange on fixed assets

28,064

(21,656

)

Interest received

1,896

195

Dividends received

(41,836

)

-

Net cash from investing activities

(122,576

)

(220,083

)

Cash flows from financing activities

New loans in year

123,652

423,322

Loan repayments in year

(164,478

)

(120,561

)

Capital repayments in year

66,027

(10,373

)

Amount introduced by directors

-

2,919

Amount withdrawn by directors

(13,739

)

-

Equity dividends paid

(532,145

)

(238,042

)

Net cash from financing activities

(520,683

)

57,265

(Decrease)/increase in cash and cash equivalents

(264,655

)

164,673

Cash and cash equivalents at beginning of year

2

940,786

776,113

Cash and cash equivalents at end of year

2

676,131

940,786