BORROW DON'T BUY CIC

Company limited by guarantee

Company Registration Number:
11897730 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

BORROW DON'T BUY CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BORROW DON'T BUY CIC

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Current assets
Cash at bank and in hand: 20,083 13,737
Total current assets: 20,083 13,737
Prepayments and accrued income: 1,055 36
Creditors: amounts falling due within one year: 3 ( 9,418 ) ( 23 )
Net current assets (liabilities): 11,720 13,750
Total assets less current liabilities: 11,720 13,750
Accruals and deferred income: ( 18,777 ) ( 18,603 )
Total net assets (liabilities): (7,057) (4,853)
Members' funds
Profit and loss account: (7,057) ( 4,853)
Total members' funds: ( 7,057) (4,853)

The notes form part of these financial statements

BORROW DON'T BUY CIC

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 22 December 2025
and signed on behalf of the board by:

Name: Rob Wick
Status: Director

The notes form part of these financial statements

BORROW DON'T BUY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BORROW DON'T BUY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 5 4

BORROW DON'T BUY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 9,418 23
Total 9,418 23

COMMUNITY INTEREST ANNUAL REPORT

BORROW DON'T BUY CIC

Company Number: 11897730 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

Borrow Don't Buy runs Plymouth's Library of Things, a place where you can borrow items that you need to use, but might not need to own. A Library of Things helps to bring people together and encourages everyone to rebuild that sense of sharing. We have a diverse inventory with items from camping equipment to power tools, cooking gadgets and craft equipment. We want to help our members save money, reduce clutter and reduce our carbon footprint while strengthening our community. Most importantly, by sharing more items within our community we increase our resilience and well being. Our mission is for everyone to have access to the things they need, without it costing the earth. We have helped save the people of Plymouth tens of thousands of pounds and have refurbished and given away almost 1000 laptops/phones and tablets to give internet access to those who do not have it. We have partnered with the Rank Foundation, the Good Things Foundation, Open Doors Learning Foundation, the Digital Inclusion Network and the NHS (Derriford Hospital) to increase the good work we can do. We have also recently become a Real Living Wage Employer.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

£26,250

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 December 2025

And signed on behalf of the board by:
Name: Rob Wick
Status: Director