IRIS Accounts Production v25.4.12.37 07690911 Board of Directors 1.1.25 31.12.25 31.12.25 10.3.2026 false true false false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07690911 2024-12-31 07690911 2025-12-31 07690911 2025-01-01 2025-12-31 07690911 2023-12-31 07690911 2024-01-01 2024-12-31 07690911 2024-12-31 07690911 ns15:EnglandWales 2025-01-01 2025-12-31 07690911 ns14:PoundSterling 2025-01-01 2025-12-31 07690911 ns10:Director1 2025-01-01 2025-12-31 07690911 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07690911 ns10:SmallEntities 2025-01-01 2025-12-31 07690911 ns10:Audited 2025-01-01 2025-12-31 07690911 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 07690911 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07690911 ns10:FullAccounts 2025-01-01 2025-12-31 07690911 1 2025-01-01 2025-12-31 07690911 ns10:Director2 2025-01-01 2025-12-31 07690911 ns10:RegisteredOffice 2025-01-01 2025-12-31 07690911 ns5:CurrentFinancialInstruments 2025-12-31 07690911 ns5:CurrentFinancialInstruments 2024-12-31 07690911 ns5:Non-currentFinancialInstruments 2025-12-31 07690911 ns5:Non-currentFinancialInstruments 2024-12-31 07690911 ns5:ShareCapital 2025-12-31 07690911 ns5:ShareCapital 2024-12-31 07690911 ns5:SharePremium 2025-12-31 07690911 ns5:SharePremium 2024-12-31 07690911 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 07690911 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 07690911 ns5:NetGoodwill 2025-01-01 2025-12-31 07690911 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 07690911 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-01-01 2025-12-31 07690911 ns5:ComputerSoftware 2025-01-01 2025-12-31 07690911 ns5:NetGoodwill 2024-12-31 07690911 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 07690911 ns5:NetGoodwill 2025-12-31 07690911 ns5:IntangibleAssetsOtherThanGoodwill 2025-12-31 07690911 ns5:NetGoodwill 2024-12-31 07690911 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 07690911 ns5:LandBuildings 2024-12-31 07690911 ns5:PlantMachinery 2024-12-31 07690911 ns5:LandBuildings 2025-01-01 2025-12-31 07690911 ns5:PlantMachinery 2025-01-01 2025-12-31 07690911 ns5:LandBuildings 2025-12-31 07690911 ns5:PlantMachinery 2025-12-31 07690911 ns5:LandBuildings 2024-12-31 07690911 ns5:PlantMachinery 2024-12-31 07690911 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 07690911 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31

REGISTERED NUMBER: 07690911 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

PETER REED INTERNATIONAL LIMITED

PETER REED INTERNATIONAL LIMITED (REGISTERED NUMBER: 07690911)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

PETER REED INTERNATIONAL LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2025

| DIRECTORS: | B A Scharf

| A D Martens

| REGISTERED OFFICE: | Butterworth Mill

| 30B Churchill Way

| Lomeshaye Industrial Estate

| Nelson

| Lancashire

| BB9 6RT

| REGISTERED NUMBER: | 07690911 (England and Wales)

| AUDITORS: | Ainsworths Limited

| Chartered Accountants

| and Statutory Auditors

| Charter House

| Stansfield Street

| Nelson

| Lancashire

| BB9 9XY

PETER REED INTERNATIONAL LIMITED (REGISTERED NUMBER: 07690911)

BALANCE SHEET

31ST DECEMBER 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 247,184 |  | 292,947 |  |

Tangible assets | 5 | 45,516 |  | 13,796 |  |

292,700 |  | 306,743 |  |

CURRENT ASSETS

Stocks | 193,983 |  | 180,931 |  |

Debtors | 6 | 96,973 |  | 155,051 |  |

Cash at bank | 8,061 |  | 27,102 |  |

299,017 |  | 363,084 |  |

CREDITORS

Amounts falling due within one year | 7 | 259,524 |  | 229,177 |  |

NET CURRENT ASSETS | 39,493 |  | 133,907 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 332,193 |  | 440,650 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 3,763,319 |  | 3,893,352 |  |

NET LIABILITIES | (3,431,126 | ) | (3,452,702 | ) |

CAPITAL AND RESERVES

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

Share premium | 837,987 |  | 837,987 |  |

Retained earnings | (4,270,113 | ) | (4,291,689 | ) |

SHAREHOLDERS' FUNDS | (3,431,126 | ) | (3,452,702 | ) |

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th March 2026 and were signed on its behalf by:

B A Scharf - Director

PETER REED INTERNATIONAL LIMITED (REGISTERED NUMBER: 07690911)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. | STATUTORY INFORMATION

| Peter Reed International 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.

| The financial statements have been prepared on a going concern basis which assumes that the company will be able to meet its liabilities as they fall due. The ultimate parent company, Standard Fiber LLC, has confirmed that it will provide support for at least 12 months following the approval of these financial statements. If the company were unable to continue to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for any further liabilities that may arise, and to reclassify fixed assets and any long term liabilities as current assets and liabilities respectively.

| Turnover

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

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Patents and licences are being amortised evenly over their estimated useful life of twenty years.

| Computer software is being amortised evenly over its estimated useful life of three years.

| Tangible fixed assets

| Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

| Land and buildings |  | - |  | 20% on cost |  |

| Plant and machinery etc |  | - |  | 33% on cost and 20% on cost |  |

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, handling and production costs in bringing stocks to their present location and condition.

PETER REED INTERNATIONAL LIMITED (REGISTERED NUMBER: 07690911)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

| Payments in respect of other post-retirement benefits are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 13 (2024 - 14 ) .

PETER REED INTERNATIONAL LIMITED (REGISTERED NUMBER: 07690911)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

4. | INTANGIBLE FIXED ASSETS

| Other |

| intangible |

| Goodwill |  | assets |  | Totals

£ | £ | £ |

| COST

| At 1st January 2025

| and 31st December 2025 | 740,691 |  | 240,327 |  | 981,018 |  |

| AMORTISATION

| At 1st January 2025 | 490,710 |  | 197,361 |  | 688,071 |  |

| Charge for year | 37,035 |  | 8,728 |  | 45,763 |  |

| At 31st December 2025 | 527,745 |  | 206,089 |  | 733,834 |  |

| NET BOOK VALUE

| At 31st December 2025 | 212,946 |  | 34,238 |  | 247,184 |  |

| At 31st December 2024 | 249,981 |  | 42,966 |  | 292,947 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1st January 2025 | 1,431 |  | 315,141 |  | 316,572 |  |

| Additions | - |  | 37,709 |  | 37,709 |  |

| At 31st December 2025 | 1,431 |  | 352,850 |  | 354,281 |  |

| DEPRECIATION

| At 1st January 2025 | 1,418 |  | 301,358 |  | 302,776 |  |

| Charge for year | 13 |  | 5,976 |  | 5,989 |  |

| At 31st December 2025 | 1,431 |  | 307,334 |  | 308,765 |  |

| NET BOOK VALUE

| At 31st December 2025 | - |  | 45,516 |  | 45,516 |  |

| At 31st December 2024 | 13 |  | 13,783 |  | 13,796 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 57,263 |  | 114,555 |  |

| Other debtors | 39,710 |  | 40,496 |  |

96,973 |  | 155,051 |  |

PETER REED INTERNATIONAL LIMITED (REGISTERED NUMBER: 07690911)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans and overdrafts | 6,574 |  | 10,000 |  |

| Trade creditors | 223,030 |  | 166,769 |  |

| Taxation and social security | 9,242 |  | 20,947 |  |

| Other creditors | 20,678 |  | 31,461 |  |

259,524 |  | 229,177 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans | - |  | 6,574 |  |

| Amounts owed to group undertakings | 3,763,319 |  | 3,886,778 |  |

3,763,319 |  | 3,893,352 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.25 |  | 31.12.24

£ | £ |

| Group undertakings | 3,763,319 |  | 3,886,778 |  |

| Amounts owed to the parent undertaking Standard Fiber LLC are secured by fixed and floating charges over all property of the company.

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Mark Sunter (Senior Statutory Auditor)

| for and on behalf of Ainsworths Limited

11. | OTHER FINANCIAL COMMITMENTS

| At 31st December 2025 the company had total commitments under non-cancellable operating leases over the remaining life of those leases amounting to £184,474. (2024: £18,169).

12. | RELATED PARTY DISCLOSURES

| During the year the company sold goods totalling £4,628 (2024: £87) to Standard Fiber LLC, its parent undertaking registered in the United States of America. In addition the company was provided with goods, services and cash flow funding on an interest free basis. All transactions were carried out on an arms length basis.

| As at 31st December 2025 the company owed £3,763,319 (2024: £3,886,778) to Standard Fiber LLC, such balances being converted at prevailing exchange rates.

PETER REED INTERNATIONAL LIMITED (REGISTERED NUMBER: 07690911)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

13. | ULTIMATE CONTROLLING PARTY

| In the opinion of the directors the ultimate controlling party of the company is the majority shareholder and parent undertaking Standard Fiber LLC, a company registered in the United States of America.