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REGISTERED NUMBER: 01306743 (England and Wales)

CRYOTHERM INSULATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

CRYOTHERM INSULATION LIMITED (REGISTERED NUMBER: 01306743)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

CRYOTHERM INSULATION LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTORS: | Mr D Godfrey

| Mrs J Godfrey

| Mrs M Cowen

| Mr A Cowen

| REGISTERED OFFICE: | Hirst Wood Works

| Hirst Wood Road

| Shipley

| West Yorkshire

| BD18 4BU

| REGISTERED NUMBER: | 01306743 (England and Wales)

| ACCOUNTANTS: | DSC

| Chartered Accountants

| Tattersall House

| East Parade

| Harrogate

| North Yorkshire

| HG1 5LT

CRYOTHERM INSULATION LIMITED (REGISTERED NUMBER: 01306743)

ABRIDGED BALANCE SHEET

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 698,451 |  | 706,917 |  |

CURRENT ASSETS

Stocks | 85,813 |  | 104,441 |  |

Debtors | 511,424 |  | 436,785 |  |

Cash at bank | 426,074 |  | 510,974 |  |

1,023,311 |  | 1,052,200 |  |

CREDITORS

Amounts falling due within one year | 395,297 |  | 455,749 |  |

NET CURRENT ASSETS | 628,014 |  | 596,451 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,326,465 |  | 1,303,368 |  |

CREDITORS

Amounts falling due after more than one year | (13,443 | ) | (39,990 | ) |

PROVISIONS FOR LIABILITIES | (93,900 | ) | (95,800 | ) |

NET ASSETS | 1,219,122 |  | 1,167,578 |  |

CAPITAL AND RESERVES

Called up share capital | 42,500 |  | 42,500 |  |

Revaluation reserve | 6 | 481,610 |  | 481,610 |  |

Capital redemption reserve | 7,500 |  | 7,500 |  |

Retained earnings | 687,512 |  | 635,968 |  |

SHAREHOLDERS' FUNDS | 1,219,122 |  | 1,167,578 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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.

CRYOTHERM INSULATION LIMITED (REGISTERED NUMBER: 01306743)

ABRIDGED BALANCE SHEET - continued

31 JULY 2025

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2026 and were signed on its behalf by:

Mrs M Cowen - Director

CRYOTHERM INSULATION LIMITED (REGISTERED NUMBER: 01306743)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| Cryotherm Insulation 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is recognised at the fair value of the consideration received or receivable for the sale of goods and services provided to customers. Turnover is shown net of Value Added Tax.

| Tangible fixed assets

| Fixed assets include land and buildings valued on an existing use open market value basis. Other fixed assets are stated at historical cost.

| Depreciation is provided on all tangible fixed assets at rates calculated to write each asset down to its estimated residual value over its expected useful life as follows:

| Freehold buildings |  | Not depreciated due to its estimated residual value being no different to the carrying value |  |

| Plant and machinery |  | Between 4 & 10 years straight line |  |

| Fixtures, fittings and equipment |  | 4 years straight line |  |

| Freehold land is not depreciated.

| Stocks

| Stocks are valued 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 production overheads based on the normal level of activity. Provision is made where necessary for obsolete, slow moving and defective stocks.

| 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.

CRYOTHERM INSULATION LIMITED (REGISTERED NUMBER: 01306743)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| 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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The amount charged in the financial statements represent the contributions payable by the company during the period.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 18 (2024 - 20 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST OR VALUATION

| At 1 August 2024 | 1,007,680 |  |

| Additions | 3,941 |  |

| At 31 July 2025 | 1,011,621 |  |

| DEPRECIATION

| At 1 August 2024 | 300,763 |  |

| Charge for year | 12,407 |  |

| At 31 July 2025 | 313,170 |  |

| NET BOOK VALUE

| At 31 July 2025 | 698,451 |  |

| At 31 July 2024 | 706,917 |  |

| Cost or valuation at 31 July 2025 is represented by:

| Totals

£ |

| Valuation in 2006 | 384,410 |  |

| Valuation in 2011 | (110,000 | ) |

| Valuation in 2019 | 270,000 |  |

| Cost | 467,211 |  |

1,011,621 |  |

CRYOTHERM INSULATION LIMITED (REGISTERED NUMBER: 01306743)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

4. | TANGIBLE FIXED ASSETS - continued

| If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 105,590 |  | 105,590 |  |

| Freehold land and buildings were valued on an open market basis on 23 April 2019 by Walker Singleton (Commercial) Ltd .

| In the directors' opinion, the current market value is not materially different to the value stated in the accounts.

5. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 38,373 |  | 69,990 |  |

| Hire purchase contracts | - |  | 1,350 |  |

38,373 |  | 71,340 |  |

| The hire purchase liability is secured on the relevant assets acquired.

6. | RESERVES

| Revaluation

| reserve

£ |

| At 1 August 2024

| and 31 July 2025 | 481,610 |  |

7. | RELATED PARTY DISCLOSURES

| The parent company, Bracefill Ltd (Hirst Wood Works, Hirst Wood Road, Shipley BD18 4BU) has given an unlimited guarantee to secure the borrowings of Cryotherm Insulation Ltd. At the year end the amount involved was £38,373 (2024: £69,990).

8. | ULTIMATE CONTROLLING PARTY

| With regard to the shareholdings in Bracefill Ltd, there is no ultimate controlling party of the company.