REGISTERED NUMBER: 09929349 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

PMBL INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

MK Berry

PA Lackie

REGISTERED OFFICE:

Ground Floor

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

REGISTERED NUMBER:

09929349 (England and Wales)

ACCOUNTANTS:

Gravita Western Limited

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

FIXED ASSETS

Investment property

5

621,207

962,407

CURRENT ASSETS

Debtors

6

100

100

Cash at bank

35,514

27,107

35,614

27,207

CREDITORS

Amounts falling due within one year

7

(558,974

)

(868,338

)

NET CURRENT LIABILITIES

(523,360

)

(841,131

)

TOTAL ASSETS LESS CURRENT LIABILITIES

97,847

121,276

CREDITORS

Amounts falling due after more than one year

8

(175,648

)

(185,895

)

PROVISIONS FOR LIABILITIES

-

(24,956

)

NET LIABILITIES

(77,801

)

(89,575

)

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

-

119,990

Retained earnings

(77,901

)

(209,665

)

SHAREHOLDERS' FUNDS

(77,801

)

(89,575

)

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 directors acknowledge their 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

PA Lackie - Director

MK Berry - Director

1.	COMPANY INFORMATION

PMBL Investments 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 (£).

The company's principal activities and nature of its operations are disclosed in the Directors' Report.

The principal place of business is Combe Wood, Combe St Nicholas, Somerset, TA20 3NL.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

The company relies on the continued support of the directors. The directors has expressed their willingness to continue supporting the company for the foreseeable future and therefore the directors believe that it is appropriate to prepare the financial statements on the going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Investment property

Investment properties are initially measured at cost. Subsequently investment properties are measured at fair value at each reporting date with changes in fair value recognised in the revaluation reserves.

Investment properties are not depreciated.

Cash and cash equivalents

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities and equity instruments. An equity instruments is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

962,407

Disposals

(341,200

)

At 31 December 2024

621,207

NET BOOK VALUE

At 31 December 2024

621,207

At 31 December 2023

962,407

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

100

100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

23,382

23,382

Amounts owed to group undertakings

486,949

827,416

Tax

39,001

6,625

VAT

6,967

8,367

Accrued expenses

2,675

2,548

558,974

868,338

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

23,382

23,382

Bank loans - 2-5 years

70,146

70,146

Bank loans more 5 yr by instal

82,120

92,367

175,648

185,895

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

82,120

92,367

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

199,030

209,277

There is a fixed and floating charge with Lloyds Bank Plc dated March 2022 over all the property and undertakings of the company.

10.

RESERVES

Revaluation

reserve

£

At 1 January 2024

119,990

Movements in revaluation

(119,990

)

At 31 December 2024

-

11.	ULTIMATE PARENT ENTITY

The company is controlled by PMBL Holdings Limited, a company registered in England and Wales. The registered office and principal place of business is:

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

Group accounts are prepared by PMBL Holdings Limited.

The group is under the control of the directors.