Company registration number 01466898 (England and Wales)
UNITED OILSEEDS MARKETING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
UNITED OILSEEDS MARKETING LIMITED
COMPANY INFORMATION
Directors
H Casey
A T Cragg
R A Hall
B J Jackson
C S McGregor
R J Sullivan
J Warner
A Barr
(Appointed 24 September 2024)
Company number
01466898
Registered office
St James House
St. James Place
Gains Lane
Devizes
Wiltshire
SN10 1FB
Auditor
Ellacotts Audit Services Limited
Countrywide House
23 West Bar
Banbury
Oxfordshire
England
OX16 9SA
Accountants
Ellacotts LLP
Countrywide House
23 West Bar
Banbury
Oxfordshire
England
OX16 9SA
Bankers
HSBC plc
45 Market Place
Devizes
Wiltshire
SN10 1HZ
UNITED OILSEEDS MARKETING LIMITED
CONTENTS
Page
Strategic report
1 - 3
Directors' report
4 - 5
Independent auditor's report
6 - 8
Statement of comprehensive income
9
Balance sheet
10
Statement of changes in equity
11
Notes to the financial statements
12 - 26
UNITED OILSEEDS MARKETING LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 1 -

The directors present the strategic report for the year ended 30 June 2025.

Review of the business

This reporting period was a very challenging year in the agricultural sector, with several changes in government policies affecting agricultural grants & market sentiment, combined with the lowest planted area of Oilseed Rape, our key product, for 40 years. Despite these challenges the Company posted positive results with a healthy profit of £868,241, with shareholders’ funds rising to £17,472,175 (2024: £1 6,803,934), representing a 3.98% growth in net worth.

These are another excellent set of results for the Company’s Independent co-operative and its shareholder farmer members.

These gains, once again, underscore the resilience of the Company’s co-operative model and our commitment to adapting and improving on all fronts while remaining focused on the value and service provided to our members.

This was the second full year under the new leadership of Managing Director James Warner, who again prioritised a strategy of marginal gains across the business, as well as embracing new technologies – doing what we already do brilliantly, even better. The group continues in its policy to refine internal systems to build efficiencies which in turn have yielded valuable, incremental cost savings. The CRM project, that commenced last year, is now fully operational and is proving its worth, allowing for much more informative decision making.

The 2024 OSR harvest was severely affected by wet weather and pest pressure, leading to reduced plantings, significant crop losses, and poor yields. DEFRA reported the UK crop at 834,520 tonnes, down 31% on the previous year and the lowest in over four decades. This reduction significantly impacted trading volumes.

Plantings in autumn 2024 for the 2025 harvest fell further, with AHDB estimating 244,000 hectares, a 17% year-on-year decline. While seed sales were constrained by the smaller market, the Company successfully maintained a market share close to 30% of the certified seed market.

The combination of the smaller harvest and a very weak seed market made for challenging overhead conditions and so to have achieved the excellent result our independent co-operative did, is testament to the skill, hard work & resilience of our dedicated team.

Against the backdrop of declining fortunes for Oilseed Rape in the UK, during the year, United Oilseeds led the OSR Reboot campaign, uniting the industry behind a shared agenda to restore domestic OSR production to sustainable levels. The initiative highlighted challenges and opportunities to policymakers, while providing practical support to farmers, helping rebuild confidence to plant OSR with the hope that this will contribute to an increase in cropped area. It also delivered tangible outcomes, including industry-wide strategies for combating cabbage stem flea beetle (csfb), positioning United Oilseeds firmly at the forefront of this national initiative.

The Company also expanded opportunities for diversification, with the Sunflower Marketing Pool gaining momentum in its second year and increasing farmer participation. United Oilseeds has a long history of seeking to bring new crops to market and will continue to explore opportunities on behalf of it’s members.

The Company's Board believes the success of the co-operative’s financial performance in this period was due to a number of key factors:

- Maintaining and diversifying our unique farmer focused portfolio with contracts such as our penalty free Produce of Area offering and no surcharges on part loads of OSR and focus on new offerings, such as rapemeal, sunflowers and linseed

- Sustaining very close and positive relationships with all stakeholder groups including farmer members, customers, major seed breeders, trading institutions, crushers, haulage companies and storekeepers

- Strengthened visibility and reputation of the United Oilseeds brand across industry groups, growers and policymakers through the OSR Reboot campaign

UNITED OILSEEDS MARKETING LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -

- Offering a sales portfolio of the market-leading seed varieties across the different sectors of the market

- Embracing new technology and implementing a strategy of continuous improvement across all areas of the business

- Careful control of storage capacity within the UOML stores network across the UK, providing local storage at competitive prices

- The high and continuing domestic demand for rapeseed

- Healthy bank cash reserves, allowing us to maximise our investment income. As at 30th June 2025 these reserves stood at £13.077 m (2024: £11.798 m)

The co-operative is supported by a small but highly skilled & dedicated team. Recent staff reductions, primarily through retirements, have been managed through efficiency gains, process improvements, and technology adoption. This fall in headcount also reflected the challenging market conditions, including oilseed rape crops at a 40-year low, as well as the National Insurance changes. The co-operative remains committed to future growth and the rebuilding of staffing levels in the years ahead.

Principal risks and uncertainties

Like many commercial organisations within the agricultural sector and the wider economy, the Company has been affected by sustained cost inflation, reduced productivity levels, and heightened political uncertainty. Farmer-customers continue to operate in a challenging market environment characterised by generally weaker commodity prices and an increasingly unfavourable policy landscape. The accelerated reduction in government Single Farm Payments has had a particularly pronounced impact on grower cashflows and planting decisions.

The reporting period also coincided with the lowest UK crop harvest in over forty years. For growers considering oilseed rape, this was partially mitigated by continued strong domestic demand for the crop, which significantly exceeds UK supply.

Commodity markets for all combinable crops remain highly volatile, with prices experiencing sudden and material fluctuations throughout the financial year.

Weather conditions remain a principal risk factor for the agri-business sector. Annual volumes, quality, and yields for oilseed rape are heavily dependent on weather patterns across the full crop cycle, while pest pressures — including insect and pigeon damage — also materially influence production outcomes.

Key performance indicators

Oilseed rape sales volumes decreased to 229,141 metric tonnes (MT) during the year (2024: 300,501mt), a direct reflection of the lower plantings in Autumn 2023.

Surplus before taxation was £1,218,125 (2024: £1,720,792).

Cash reserves at the year end were £13.077 m (2024: £11,798 m)

The directors are of the opinion that further analysis using KPI’s is not necessary for an understanding of the development, performance or position of the business.

Future developments

Whilst United Oilseeds retained their market share of the UK OSR seed market at around 30%. The tonnage of OSR crop traded in the year dropped to 229,141 tonnes, reflecting the smaller OSR crop across the UK.

Currently has a long term agreement with a UK crusher on a rolling basis.

During the year, the Company has continued to lead the industry’s OSR Reboot campaign to support OSR cultivations in the UK, collaborating with the wider UK Industry as well as engaging with policy makers. This approach is already starting to have a positive impact.

UNITED OILSEEDS MARKETING LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
Section 172 statement

The following statement by the directors describes how they have accounted for the matters set out in section 172(1) of the Companies Act 2006, as part of their duty to promote the success of the Company.

The directors acknowledge that one of the primary responsibilities of the Board Is to ensure the strategy of the United Oilseeds group achieves long-term success and generates sustainable returns for its members, key to which is maintaining engagement with stakeholders, considering the long-term implications of decisions made, and acting to maintain the highest standards of conduct. This duty has been central to the activities of the Board during the year, as discussed below.

Shareholders

The Company is a who l ly owned subsidiary of United Oilseed Producers, a Cooperative and Community Benefit Society. As a wholly owned subsidiary of the society, the directors ensure that the strategy and practices of the Company are fully aligned with the interests of the society and Its members, where appropriate. The key decision in this regard is assessing the level of dividend that can be returned to the Society. In making this assessment, the directors ensure that sufficient reserves are left In the Company to protect its long-term future.

Employees

United Oilseeds is committed to providing an inclusive working environment and providing ongoing training and career development opportunities. The Board's remuneration committee meets regularly to discuss employee engagement and rewards.

Environment - Streamlined Energy and Carbon Reporting (SECR)

The directors recognise that the impact of climate change could be significant on United Oilseeds and its members, as yields are heavily dependent on weather conditions in the year. As such, the directors have taken steps to reduce carbon emissions of the Company where possible, such as with the use of energy saving measures in the facilities, such as energy efficient lighting, and encouraging the reduction In car usage wherever possible, for example by the use of video conference calling. The business is also encouraging the use of hybrid and fully electric vehicles in their company cars. In the year, United Oilseeds staff produced an estimated 8 metric tonnes of carbon dioxide from car usage (202 4: 1 3 MT), based on the listed emissions of the respective vehicles. Furthermore, energy usage from the facilities totalled 63,812 kilowatt hours in the year (202 4: 59,368 kWh) based on metered readings. The directors have not disclosed carbon emissio ns from the transport of commodity loads, as United Oilseeds does not control the vehicles used or routes taken. Fac ility energy usage from gas and electricity is taken direc tly f rom metered bills from the Company's energy su ppliers. Emissions from car usage has been calculated indirectly from the quantity of fuel purchased, and - the car manufacturer quoted fuel efficiency and carbon dioxide emission figures. The Company's intensity figures for the year are 0.08 tCO2 per £m revenue (202 4 0.11) and 0.6 tCO2 per employee (202 4 1.0).

Suppliers

A number of the Company's suppliers are also members of the society. The Company is committed to improving the experience of all of its suppliers and generating long-term sustainable returns for its members. Material contracts are subject to rigorous cost management and review by the Board.

On behalf of the board

H Casey
Director
28 January 2026
UNITED OILSEEDS MARKETING LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -

The directors present their annual report and financial statements for the year ended 30 June 2025.

Principal activities

The principal activity of the company continued to be that of commodity trader and seed merchant.

Results and dividends

The results for the year are set out on page 9.

Ordinary dividends were paid amounting to £200,000. The directors do not recommend payment of a further dividend.

No preference dividends were paid.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

H Casey
A T Cragg
R A Hall
B J Jackson
C S McGregor
R J Sullivan
J Warner
A Barr
(Appointed 24 September 2024)
T Stuart
(Resigned 31 July 2024)
Qualifying third party indemnity provisions

The Company maintains liability insurance for its directors and officers. Throughout the year to 30 June 2025, and also at the date of approval of the financial statements, the Company has also provided indemnity for its directors and the secretary, which is a qualifying third party indemnity provision for the purposes of the Companies Act 2006.

Financial instruments
Financial risk management

The Company's operations expose it to a variety of risks that include price risk, credit risk and liquidity and cash flow risk. Given the size of the Company the directors have not delegated the responsibility of monitoring financial risk management to a sub-committee of the Board. The executive directors implement the policies set by the Board of directors.

Price risk

The Company is exposed to price risk in its trading. Its trading employees manage this exposure through the various pool arrange m ents, regular monitoring of Matif prices and internal position reporting. The Company uses oilseed rape futures along with other relevant commodity futures and foreign currency forward contracts to hedge its exposure to price risk.

Credit risk

The Company is exp ose d to credit risk on its debtor and cash balances. This is mitigated by relationships with long-term custom o rs and strong credit control procedures. The Company holds a separate non-distributable reserve to provide insurance cover against the risk of any potential future b ad debts.

Only banks with an appropriate credit rating are used for the Company's cash balances.

UNITED OILSEEDS MARKETING LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
Liquity and cash flow risk

Liquidity and cash flow risk are managed by the preparation of budgets and monthly management accounts and maintaining banking facilities with a major UK bank that are considered sufficient to meet the cash flow needs of the Company. The facilities are reviewed on an n ual basis.

Future developments

Future developments are disclosed in the Strategic Report.

Auditor

Ellacotts Audit Services Limited were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Energy and carbon report

Streamlined Energy and Carbon Reporting are disclosed in the Strategic Report.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report 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 of the profit or loss of the company 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;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
H Casey
Director
28 January 2026
UNITED OILSEEDS MARKETING LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF UNITED OILSEEDS MARKETING LIMITED
- 6 -
Opinion

We have audited the financial statements of United Oilseeds Marketing Limited (the 'company') for the year ended 30 June 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including 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 company's affairs as at 30 June 2025 and of its 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company 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 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

UNITED OILSEEDS MARKETING LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF UNITED OILSEEDS MARKETING LIMITED
- 7 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the 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 directors' r esponsibilities s tatement, 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 is 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 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 company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 an auditor's report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

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.

As part of an audit in accordance with ISAs (UK),we exercise professional judgment and maintain professional scepticism throughout the audit. We also performed the following procedures:

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

- Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations.

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

UNITED OILSEEDS MARKETING LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF UNITED OILSEEDS MARKETING LIMITED
- 8 -

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 an auditor's report 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.

David Stevens BA FCA
Senior Statutory Auditor
For and on behalf of Ellacotts Audit Services Limited
Chartered Accountants
Statutory Auditor
Countrywide House
23 West Bar
Banbury
Oxfordshire
England
OX16 9SA
28 January 2026
UNITED OILSEEDS MARKETING LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
2025
2024
Notes
£
£
Turnover
3
97,601,396
124,443,013
Cost of sales
(94,363,411)
(120,515,939)
Gross profit
3,237,985
3,927,074
Administrative expenses
(2,517,732)
(2,723,598)
Operating profit
4
720,253
1,203,476
Interest receivable and similar income
8
457,681
649,299
Interest payable and similar expenses
9
(11,033)
(38,305)
Fair value gains and losses on foreign exchange contracts
51,224
(93,678)
Profit before taxation
1,218,125
1,720,792
Tax on profit
10
(285,867)
(334,087)
Profit for the financial year
932,258
1,386,705
Other comprehensive income
Cash flow hedges (loss)/gain arising in the year
(64,017)
1,586
Total comprehensive income for the year
868,241
1,388,291

The statement of comprehensive income has been prepared on the basis that all operations are continuing operations.

UNITED OILSEEDS MARKETING LIMITED
BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
12
114,763
99,024
Tangible assets
13
604,509
594,240
Investments
14
1,379
1,379
720,651
694,643
Current assets
Stocks
15
2,565,845
12,508,729
Debtors
16
15,527,581
15,138,127
Cash at bank and in hand
13,076,833
11,797,884
31,170,259
39,444,740
Creditors: amounts falling due within one year
17
(14,418,735)
(23,335,449)
Net current assets
16,751,524
16,109,291
Net assets
17,472,175
16,803,934
Capital and reserves
Called up share capital
21
394,000
394,000
Hedging reserve
22
(59,074)
4,943
Capital redemption reserve
22
156,000
156,000
Other reserves
22
250,000
250,000
Profit and loss reserves
22
16,731,249
15,998,991
Total equity
17,472,175
16,803,934
The financial statements were approved by the board of directors and authorised for issue on 28 January 2026 and are signed on its behalf by:
H Casey
Director
Company registration number 01466898 (England and Wales)
UNITED OILSEEDS MARKETING LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 11 -
Share capital
Cash flow hedge reserve
Capital redemption reserve
Other reserves
Profit and loss reserves
Total
Notes
£
£
£
£
£
£
Balance at 1 July 2023
394,000
3,357
156,000
250,000
15,228,286
16,031,643
Year ended 30 June 2024:
Profit
-
-
-
-
1,386,705
1,386,705
Other comprehensive income:
Cash flow hedges gains
-
1,586
-
-
-
1,586
Total comprehensive income
-
1,586
-
-
1,386,705
1,388,291
Dividends
11
-
-
-
-
(616,000)
(616,000)
Balance at 30 June 2024
394,000
4,943
156,000
250,000
15,998,991
16,803,934
Year ended 30 June 2025:
Profit
-
-
-
-
932,258
932,258
Other comprehensive income:
Cash flow hedges gains
-
(64,017)
-
-
-
(64,017)
Total comprehensive income
-
(64,017)
-
-
932,258
868,241
Dividends
11
-
-
-
-
(200,000)
(200,000)
Balance at 30 June 2025
394,000
(59,074)
156,000
250,000
16,731,249
17,472,175
UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 12 -
1
Accounting policies
Company information

United Oilseeds Marketing Limited is a private company limited by shares incorporated in England and Wales. The registered office is St James House, St. James Place, Gains Lane, Devizes, Wiltshire, SN10 1FB.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of United Oilseed Producers Limited. These consolidated financial statements are available from its registered office, St James House, St. James Place, Gains Lane, Devizes, Wiltshire, SN10 1FB.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover, which excludes value added tax and trade discounts, represents the invoiced value of goods and services supplied. It also includes commissions receivable on transactions undertaken on behalf of the commodity pools. Turnover is recognised when the risks and rewards of ownership of the goods are substantially passed to the customer being either delivery to the customer or when the customer confirms acceptance of goods held at third party storage locations.

1.4
Intangible fixed assets other than goodwill

Intangible assets, which principally comprise computer software, are stated at costs less accumulated amortisation. Cost includes original purchase costs plus the costs of third parties and internal employee costs that are directly associated with developing the software assets.

UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 13 -

Amortisation is recognised so as to write off the cost o ver their useful lives on the following bases:

Computer software
5 years
1.5
Tangible fixed assets

Tangible fixed assets are stated at historical purchase cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not depreciated
Fixtures and fittings
15% - 33%
Computers
33%

Freehold property has not been depreciated as in the opinion of the directors the residual value is not materially different from the carrying value and hence any depreciation is immaterial.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Fixed asset investments

Investments are initially recorded at cost. The investments are reviewed periodically for impairment, should there be any demise in value, it is recognised in the Statement of Comprehensive Income.

1.7
Stocks

Stocks comprise commodities for resale which are valued at the lower of cost and net realisable value and measured on a weighted average basis. Cost includes all direct expenditure incurred in bringing the product to its present location and condition. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Where necessary, provision is made for obsolete, slow moving and defective stocks.

1.8
Cash and cash equivalents

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

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 14 -
Fair value measurement of financial instruments

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 15 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

1.10
Derivatives

Commodity futures and forward foreign exchange contracts used in the business are derivative financial instruments. Such contracts are recognised at fair value with changes in fair value recognised in the Statement of Comprehensive Income unless hedge accounting is applied. Realised gains and losses are charged against cost of sales together with the underlying purchase being hedged. Unrealised gains and losses on open contracts are presented separately within operating profit.

Forward options are used to minimise exposure to future losses. Such options are recognised at fair value with changes in fair value recognised in the Statement of Comprehensive Income.

Unrealised gains and losses on contracts qualifying as cash flow hedges (which typically comprise the forward foreign exchange contracts) are recognised initially in a cash flow hedge reserve and are subsequently recycled to the Statement of Comprehensive Income at the same time the hedged item is recognised.

Unrealised gains and losses on contracts qualifying as fair value hedges (which typically comprise commodity futures) are recognised in the Statement of Comprehensive Income together with the offsetting unrealised gain or loss on the hedged item being the future grain sale or purchase commitment.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 16 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.15

Preference shares

Preference shares are classified as equity where the Company has no obligation to pay cash or other financial assets and no option to redeem the shares can be exercised by the holder.

1.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 17 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Revenue recognition

Sales made through the Company’s Pool arrangements are treated on a net basis with only the commission earned by the Company being recognised in these financial statements. The directors take the view that the Company is acting as an agent for its members, passing on market prices achieved, less commission earned. The gross value of transactions traded through Pool arrangements amount to £43,799,208 (202 4: £48,411,480).

Derivative financial instruments

The Company uses derivative financial instruments in the form of currency forward contracts and commodity futures to hedge its exposure to currency and price risk on forecast and contracted future sales and purchases. In order to apply hedge accounting, the directors have assessed that the hedges are expected to be effective and that they match with expected future sales and purchases.

The estimate that is considered significant in the context of these financial statements is:

Valuation of derivatives

Derivative financial instruments are measured at fair value which is based on the forward price of the relevant commodity or currency contract. The final settlement value of these instruments will depend on the movement of market prices between the Balance Sheet and the date the contract matures. This impacts the carrying value of individual assets and liabilities which could change by a material amount. However, because of the hedging policy set out in note 1.10, the potential net movement in fair values of the derivatives and the related forward sales and purchase commitments is highly unlikely to be material.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Oilseed rape,other commodities and seed sales
97,002,244
123,797,391
Commission on pool sales
599,152
645,622
97,601,396
124,443,013
UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
3
Turnover and other revenue
(Continued)
- 18 -
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
90,835,237
112,224,776
Rest of Europe
6,766,159
12,218,237
97,601,396
124,443,013
2025
2024
£
£
Other revenue
Interest income
457,681
649,299
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange (gains)/losses
(22,060)
67,912
Depreciation of tangible fixed assets
21,836
26,670
Amortisation of intangible assets
13,349
10,434
Operating lease charges
75,683
70,227
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
39,000
50,000
For other services
Taxation compliance services
4,000
12,309
All other non-audit services
3,000
7,395
7,000
19,704
UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 19 -
6
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Trading
11
13
Administration
19
19
Total
30
32

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
1,607,637
1,668,097
Social security costs
216,528
202,571
Pension costs
253,983
368,082
2,078,148
2,238,750
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
514,209
471,061
Company pension contributions to defined contribution schemes
25,672
64,013
539,881
535,074

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2024 - 3).

Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
276,814
189,174
Company pension contributions to defined contribution schemes
16,212
24,055
8
Interest receivable and similar income
2025
2024
£
£
Interest income
On short term cash deposits and member advances
457,681
649,299
UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 20 -
9
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
11,033
38,305
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
276,919
343,349
Deferred tax
Origination and reversal of timing differences
8,948
(9,262)
Total tax charge
285,867
334,087

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
1,218,125
1,720,792
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
304,531
430,198
Tax effect of expenses that are not deductible in determining taxable profit
7,011
25,512
Adjustments in respect of prior years
-
0
(1,314)
Group relief
(25,675)
(120,309)
Taxation charge for the year
285,867
334,087
11
Dividends
2025
2024
£
£
Final paid
200,000
616,000
UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 21 -
12
Intangible fixed assets
Computer software
£
Cost
At 1 July 2024
2,082,151
Additions
29,088
At 30 June 2025
2,111,239
Amortisation and impairment
At 1 July 2024
1,983,127
Amortisation charged for the year
13,349
At 30 June 2025
1,996,476
Carrying amount
At 30 June 2025
114,763
At 30 June 2024
99,024
13
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 July 2024
542,820
141,104
281,119
965,043
Additions
29,665
191
2,249
32,105
At 30 June 2025
572,485
141,295
283,368
997,148
Depreciation and impairment
At 1 July 2024
-
0
117,983
252,820
370,803
Depreciation charged in the year
-
0
5,544
16,292
21,836
At 30 June 2025
-
0
123,527
269,112
392,639
Carrying amount
At 30 June 2025
572,485
17,768
14,256
604,509
At 30 June 2024
542,820
23,121
28,299
594,240
14
Fixed asset investments
2025
2024
£
£
Unlisted investments
1,379
1,379
UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 22 -
15
Stocks
2025
2024
£
£
Finished goods and goods for resale
2,565,845
12,508,729
16
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
12,293,387
13,663,384
Amounts owed by group undertakings
427,159
204,127
Derivative financial instruments (note 19)
988,123
639,488
Other debtors
818,120
354,219
Prepayments and accrued income
968,844
236,014
15,495,633
15,097,232
Deferred tax asset (note 18)
31,948
40,895
15,527,581
15,138,127

Amounts owed by group undertakings are unsecured and carry no interest.

17
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
12,234,378
21,049,047
Amounts owed to group undertakings
22,565
22,565
Corporation tax
166,839
212,844
Other taxation and social security
53,602
102,938
Derivative financial instruments (note 19)
1,007,306
645,878
Other creditors
-
0
123,727
Accruals and deferred income
934,045
1,178,450
14,418,735
23,335,449

Amounts owed to group undertakings are unsecured, carry no interest and are repayable on demand. Any overdraft is secured against the assets of the Company up to the value of the overdraft.

UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 23 -
18
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Assets
Assets
2025
2024
Balances:
£
£
Accelerated capital allowances
40,895
30,779
Short term timing differences
(8,947)
10,116
31,948
40,895
2025
Movements in the year:
£
Asset at 1 July 2024
40,895
Charge to profit or loss
(8,947)
Asset at 30 June 2025
31,948
19
Financial instruments
2025
2024
£
£
Carrying amount of financial assets include:
Instruments measured at fair value through profit or loss
988,123
639,488
Carrying amount of financial liabilities include:
Measured at fair value through profit or loss
- Other financial liabilities
1,007,306
645,878
Derivative financial Instruments

The Company enters into derivative financial instruments in the form of forward foreign currency contracts and commodity futures to mitigate foreign exchange risk and price risk on contracted and expected future sales and purchases. All contracts taken out are hedges of underlying sales and purchases. The Company does not trade speculatively. When these derivative financial instruments can meet the criteria for hedge accounting in FRS 102, hedge accounting is applied. This is the case for both currency and commodity contracts in the current year.

At 30 June 202 5, the fair value of currency contracts held as cash flow hedges was an asset of £23,001 (202 4: asset of £87,018). The fair value of commodity contracts held as fair value hedges was a liability of £15,828 (202 4: liability of £67,052). The gross asset and liability positions are shown on page 2 1.

The commodity contracts have been designated as fair value hedges of grain sales or purchase commitments. Accordingly, the hedged commitment has also been recognised as a financial liability at fair value.

Forward options are used to minimise exposure to future losses. Such options are recognised at fair value with changes in fair value recognised in the Statement of Comprehensive Income.

UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 24 -
20
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
253,983
368,082

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

21
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A ordinary shares of £1 each
500
500
500
500
B ordinary shares of 0p each
500
500
500
500
1,000
1,000
1,000
1,000
2025
2024
2025
2024
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of £1 each
393,000
393,000
393,000
393,000
Preference shares classified as equity
393,000
393,000
Total equity share capital
394,000
394,000

The 'A' and 'B' ordinary shares rank paris passu in all respects.

The redeemable preference shares carry no voting rights or rights to dividends. The redeemable preference shares may be redeemed at the Company's option at a nil premium by giving seven days notice in writing to the holders of such shares. In the event of the Company being wound up, the preference shares will be repaid ahead of the ordinary shares up to the amount paid for the shares.

UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 25 -
22
Reserves

Capital redemption reserve

The capital redemption reserve represents the amount by which share capital has been reduced on repurchase of the Company's own shares.

Cash flow hedge reserve

The cash flow hedge reserve relates to unrealised gain and losses on foreign exchange futures contracts, net of related deferred taxation.

Other reserves

Other reserves consist of a balance set aside from the Statement of Comprehensive Income to cover the risk of potential future bad debts.

Profit and loss reserves

The profit and loss reserves represents the accumulated profits, losses and distributions of the Company.

23
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
87,331
76,474
Years 2-5
121,351
111,688
208,682
188,162
24
Related party transactions
Transactions with related parties

Advantage has been taken of the exemption from disclosing transactions and balances with other group companies as permitted by Financial Reporting Standard 8 "Related Party Disclosures". The related group companies are: United Oilseed Producers Limited (u ltimate p arent c ompany); Hubbards Seeds Limited (sister company) and United Agriculture Limited (sister company - dormant).

Directors enter into transactions with the Company, which are at arm's length and on the same terms as are available to other customers with a similar size of enterprise. These are summarised as follows for the year ended 30 June 202 5:

Name of related party
Nature of relationship
A Barr
Director
A Cragg
Director
B Jackson
Director
C McGregor
Director
R Hall
Director
UNITED OILSEEDS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
24
Related party transactions
(Continued)
- 26 -
Description of
Sales value
Purchase value
transaction
2025
2024
2025
2024
£
£
£
£
A Barr
Purchase and sale of agricultural seed and related products
960
-
0
-
0
-
0
A Cragg
Purchase and sale of agricultural seed and related products
20,070
2,689
184,398
144,560
B Jackson
Purchase and sale of agricultural seed and related products
18,035
60,997
493,815
770,868
C McGregor
Purchase and sale of agricultural seed and related products
28,270
28,589
1,250,001
1,027,867
R Hall
Purchase and sale of agricultural seed and related products
23,886
5,319
101,731
155,057
25
Ultimate parent undertaking and controlling party

The directors regard United Oilseed Producers Limited, a society incorporated in the United Kingdom and registered under the Co-operative and Community Benefit Societies Act 2014, as the Company’s ultimate parent undertaking as well as the immediate and ultimate controlling party.

United Oilseed Producers Limited is the parent undertaking of the largest and smallest group of undertakings to consolidate these financial statements at 30 June 202 5. The consolidated financial statements of United Oilseed Producers Limited are available from The Secretary, United Oilseed Producers Limited, St James House, Gains Lane, Devizes, Wiltshire, SN10 1FB.

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