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REGISTERED NUMBER: 03491928 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 31 JULY 2025

FOR

CONCEPT PLASTIC PACKAGING LTD

CONCEPT PLASTIC PACKAGING LTD (REGISTERED NUMBER: 03491928)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 31 JULY 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

Chartered Certified Accountants' Report | 8 |

CONCEPT PLASTIC PACKAGING LTD

COMPANY INFORMATION

FOR THE PERIOD 1 APRIL 2024 TO 31 JULY 2025

| DIRECTOR: | Mr I Marlow

| SECRETARY: | Mr D J Rice

| REGISTERED OFFICE: | 40 Adams Close

| Heanor Gate Industrial Estate

| Heanor

| Derbyshire

| DE75 7SW

| REGISTERED NUMBER: | 03491928 (England and Wales)

| ACCOUNTANTS: | David Rice Associates Ltd

| Chartered Certified Accountants

| 4 Wellington Circus

| Nottingham

| Nottinghamshire

| NG1 5AL

CONCEPT PLASTIC PACKAGING LTD (REGISTERED NUMBER: 03491928)

STATEMENT OF FINANCIAL POSITION

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 1,774,005 |  | 1,654,029 |  |

CURRENT ASSETS

Inventories | 520,000 |  | 550,000 |  |

Debtors | 5 | 399,209 |  | 1,207,697 |  |

Cash at bank and in hand | 97,929 |  | 38,061 |  |

1,017,138 |  | 1,795,758 |  |

CREDITORS

Amounts falling due within one year | 6 | 3,361,186 |  | 3,916,677 |  |

NET CURRENT LIABILITIES | (2,344,048 | ) | (2,120,919 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (570,043 | ) | (466,890 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | (936,516 | ) | (565,609 | ) |

PROVISIONS FOR LIABILITIES | 9 | (97,893 | ) | - |  |

ACCRUALS AND DEFERRED INCOME | (17,159 | ) | (19,610 | ) |

NET LIABILITIES | (1,621,611 | ) | (1,052,109 | ) |

CAPITAL AND RESERVES

Called up share capital | 10 | 1,000 |  | 1,000 |  |

Retained earnings | 11 | (1,622,611 | ) | (1,053,109 | ) |

SHAREHOLDERS' FUNDS | (1,621,611 | ) | (1,052,109 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 January 2026 and were signed by:

Mr I Marlow - Director

CONCEPT PLASTIC PACKAGING LTD (REGISTERED NUMBER: 03491928)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 31 JULY 2025

1. | STATUTORY INFORMATION

| Concept Plastic Packaging Ltd 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 the 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 on a going concern basis under the historical cost convention.

| The financial statements are prepared in Sterling which is the functional currency of the company.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| Significant judgements and estimates

| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing material adjustments to the carrying amounts of assets and liabilities within the next financial year are addressed below.

| a) Useful economic lives of tangible assets

| The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

| b) Stock provisioning

| It is necessary for the company to consider the recoverability of the cost of stock and the associated provisioning required. When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around the anticipated saleability of finished goods and future usage of raw materials.

| c) Impairment of debtors

| The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtors, the ageing profile of debtors and historical experience..

| Turnover

| Turnover represents the value of goods supplied, excluding value added tax and trade discounts and is recognised on despatch of goods.

| 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.

| Short leasehold | - | 25% on reducing balance

| Plant and machinery | - | 12.5% on reducing balance

| Fixtures and fittings | - | 33% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Stocks

| Stocks and work in progress are stated at the lower of cost and net realisable value. In general, cost is determined on a first in first out basis and includes transport and handling costs. In the case of manufactured products, cost includes all direct expenditure and an appropriate proportion of production overheads based on the normal level of activity. Net realisable value is based on estimated selling price less any further costs expected to be incurred in completion and disposal. Where necessary, provision is made for obsolete, slow-moving and defective stocks.

CONCEPT PLASTIC PACKAGING LTD (REGISTERED NUMBER: 03491928)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

| 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 the profit and loss account in the year to which they relate.

| The assets of the scheme are held separately from those of the company in an independently administered fund.

| Cash and cash equivalents

| Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Provisions and contingencies

| Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

| Going concern

| The company is continuing to focus on improving further its already efficient production processes and has committed significant resources towards this end. The company continues to enjoy the committed support of its core management team and of all the employees of the company.

| Despite the current economic climate, the directors have no reason to believe that the accounts should not be prepared on a going concern basis. In making this analysis, the directors have had regard to the Guidance on the Going Concern Basis of Accounting and Related Reporting issued by the Financial Reporting Council.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 33 (2024 - 35 ) .

CONCEPT PLASTIC PACKAGING LTD (REGISTERED NUMBER: 03491928)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 31 JULY 2025

4. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures |

| Short |  | Plant and |  | and |  | Motor |

| leasehold |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2024 | 57,037 |  | 5,074,060 |  | 36,275 |  | 43,498 |  | 5,210,870 |  |

| Additions | - |  | 455,245 |  | - |  | - |  | 455,245 |  |

| Disposals | - |  | (202,610 | ) | - |  | (43,498 | ) | (246,108 | ) |

| At 31 July 2025 | 57,037 |  | 5,326,695 |  | 36,275 |  | - |  | 5,420,007 |  |

| DEPRECIATION

| At 1 April 2024 | 29,056 |  | 3,452,422 |  | 32,271 |  | 43,092 |  | 3,556,841 |  |

| Charge for period | 7,016 |  | 293,322 |  | 1,001 |  | - |  | 301,339 |  |

| Eliminated on disposal | - |  | (169,086 | ) | - |  | (43,092 | ) | (212,178 | ) |

| At 31 July 2025 | 36,072 |  | 3,576,658 |  | 33,272 |  | - |  | 3,646,002 |  |

| NET BOOK VALUE

| At 31 July 2025 | 20,965 |  | 1,750,037 |  | 3,003 |  | - |  | 1,774,005 |  |

| At 31 March 2024 | 27,981 |  | 1,621,638 |  | 4,004 |  | 406 |  | 1,654,029 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

£ |

| COST

| At 1 April 2024 | 1,566,061 |  |

| Additions | 320,000 |  |

| Disposals | (202,610 | ) |

| Reclassification/transfer | 435,000 |  |

| At 31 July 2025 | 2,118,451 |  |

| DEPRECIATION

| At 1 April 2024 | 1,134,533 |  |

| Charge for period | 102,439 |  |

| Eliminated on disposal | (169,086 | ) |

| At 31 July 2025 | 1,067,886 |  |

| NET BOOK VALUE

| At 31 July 2025 | 1,050,565 |  |

| At 31 March 2024 | 431,528 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 184,541 |  | 543,472 |  |

| Other debtors | 214,668 |  | 664,225 |  |

399,209 |  | 1,207,697 |  |

CONCEPT PLASTIC PACKAGING LTD (REGISTERED NUMBER: 03491928)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 31 JULY 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 173,866 |  | 223,641 |  |

| Trade creditors | 1,739,225 |  | 2,152,299 |  |

| Taxation and social security | 467,427 |  | 379,087 |  |

| Other creditors | 980,668 |  | 1,161,650 |  |

3,361,186 |  | 3,916,677 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 936,516 |  | 565,609 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 1,110,382 |  | 789,250 |  |

| The hire purchase contracts are secured on their related fixed assets.

| Any borrowings from NatWest Bank plc are secured by a charge dated 17 May 2005 over all of the assets and general undertaking of the company.

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 97,893 |  | - |  |

| Deferred |

| tax |

£ |

| Provided during period | 97,893 |  |

| Balance at 31 July 2025 | 97,893 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 500 | Ordinary A | £1 | 500 |  | 500 |  |

| 500 | Ordinary B | £1 | 500 |  | 500 |  |

1,000 |  | 1,000 |  |

CONCEPT PLASTIC PACKAGING LTD (REGISTERED NUMBER: 03491928)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 31 JULY 2025

11. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2024 | (1,053,109 | ) |

| Deficit for the period | (569,502 | ) |

| At 31 July 2025 | (1,622,611 | ) |

12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the period ended 31 July 2025 and the year ended 31 March 2024:

2025 | 2024 |

£ | £ |

| Mr I Marlow

| Balance outstanding at start of period | - |  | - |  |

| Amounts advanced | 32,582 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | 32,582 |  | - |  |

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

CONCEPT PLASTIC PACKAGING LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Concept Plastic Packaging Ltd for the period ended 31 July 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Concept Plastic Packaging Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Concept Plastic Packaging Ltd and state those matters that we have agreed to state to the director of Concept Plastic Packaging Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Concept Plastic Packaging Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Concept Plastic Packaging Ltd. You consider that Concept Plastic Packaging Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Concept Plastic Packaging Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

David Rice Associates Ltd

Chartered Certified Accountants

4 Wellington Circus

Nottingham

Nottinghamshire

NG1 5AL

7 January 2026