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REGISTERED NUMBER: 05036828 (England and Wales)

| STRATEGIC REPORT, REPORT OF THE DIRECTOR AND |

| AUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST DECEMBER 2025 |

| FOR |

| SANHA UK LIMITED |

| SANHA UK LIMITED (REGISTERED NUMBER: 05036828) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Director | 3 |

| Report of the Independent Auditors | 4 |

| Income Statement | 7 |

| Other Comprehensive Income | 8 |

| Balance Sheet | 9 |

| Statement of Changes in Equity | 10 |

| Cash Flow Statement | 11 |

| Notes to the Cash Flow Statement | 12 |

| Notes to the Financial Statements | 13 |

| SANHA UK LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2025

| DIRECTOR: | Mr F J Schrick

| SECRETARY: | Commercial Secretariat Limited

| REGISTERED OFFICE: | Mercury House

| 19-21 Chapel Street

| Marlow

| Bucks

| SL7 3HN

| REGISTERED NUMBER: | 05036828 (England and Wales)

| AUDITORS: | Richardson Jones

| Registered Auditors &

| Chartered Accountants

| Mercury House

| 19-21 Chapel Street

| Marlow

| Buckinghamshire

| SL7 3HN

| SANHA UK LIMITED (REGISTERED NUMBER: 05036828) |

STRATEGIC REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2025

The director presents his strategic report for the year ended 31st December 2025.

REVIEW OF BUSINESS

SANHA UK Ltd is a trading subsidiary of the SANHA GmbH & Co. KG group. Its principal activity continues to be the marketing and distribution of piping and connection systems manufactured by the group for the plumbing, heating and building services markets. In the UK, the core product focus remains on SANHA press systems in copper, stainless steel and carbon steel, distributed through a nationwide wholesale network.

In 2025, SANHA UK further sharpened its strategic focus. While the residential market continues to be served, the company deliberately reduced its relative exposure in this segment and continued to expand its presence in the commercial, industrial and cooling markets. The long-term objective remains to position SANHA UK as a technically competent, project-oriented partner across multiple market segments.

PRINCIPAL RISKS AND UNCERTAINTIES

Competitive pressure further intensified in 2025. The presence of Asian importers in the UK market increased significantly, resulting in ongoing pricing pressure. In addition, a growing number of UK wholesalers and distributors have begun sourcing products directly from Asian manufacturers for the UK market. This development has further increased price competition and margin pressure across standard product ranges.

Macroeconomic conditions remained challenging, with subdued construction activity and cautious investment behaviour across large parts of the market. These factors continued to impact overall demand levels.

Currency fluctuations and raw material volatility remain structural risks for the business model. However, the company continues to manage these risks through disciplined pricing policies, close coordination with the SANHA Group and proactive stock management.

DEVELOPMENT AND PERFORMANCE

In 2025, SANHA UK implemented a further moderate price increase in response to cost developments and market conditions. Despite the challenging environment, the company successfully improved its gross margin through a more selective product and customer strategy, disciplined pricing and a stronger focus on higher-margin segments.

Strategically, SANHA UK continued to expand its activities in the commercial, industrial and cooling & refrigeration markets. The cooling and refrigeration segment remains a key growth area. During 2025, the company intensified its search for attractive distribution partners in this segment and was able to record initial successes.

A central pillar of the 2025 strategy was the continued penetration of the value chain. SANHA UK further strengthened its relationships not only with wholesalers but also with investors, developers, consultants and contractors. The objective is to secure earlier specification of SANHA products in projects and to systematically support distribution partners through structured project management and lead development.

In parallel, SANHA UK continued its efforts to identify a strong national distribution partner capable of providing broad market coverage across the UK. Establishing such a partnership remains a strategic priority.

Due to the continued difficult economic and competitive conditions, SANHA UK was not able to reach the sales level achieved in 2024. However, the company succeeded in significantly improving its margin position and further strengthening its strategic positioning in higher-value market segments.

ON BEHALF OF THE BOARD:

Mr F J Schrick - Director

11th March 2026

| SANHA UK LIMITED (REGISTERED NUMBER: 05036828) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31ST DECEMBER 2025

The director presents his report with the financial statements of the company for the year ended 31st December 2025.

DIRECTOR

Mr F J Schrick held office during the whole of the period from 1st January 2025 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is 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 director is required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Richardson Jones, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr F J Schrick - Director

11th March 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

SANHA UK LIMITED

Opinion

We have audited the financial statements of Sanha UK Limited (the 'company') for the year ended 31st December 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of 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 31st December 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 Auditors' 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

- | the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

SANHA UK LIMITED

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 identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where 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 director's remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit; or

- | the director was not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to SANHA UK Limited and the manufacturing industry in which it operates, and consider the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which would give rise to a material misstatement in the financial statements, including, but not limited to, the EU Water directive, the Companies Act 2006 and UK tax legislation. Our procedures included:

- agreeing the financial statement disclosures to underlying supporting documentation

- enquiries with management

- understanding of management's internal controls designed to prevent and detect irregularities

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

SANHA UK LIMITED

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 a Report of the Auditors 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.

Giles Thrush (Senior Statutory Auditor)

for and on behalf of Richardson Jones

Registered Auditors &

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

11th March 2026

| SANHA UK LIMITED (REGISTERED NUMBER: 05036828) |

INCOME STATEMENT

FOR THE YEAR ENDED 31ST DECEMBER 2025

31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £

TURNOVER | 2,187,266 |  | 2,798,720 |  |

Cost of sales | 1,187,075 |  | 1,660,807 |  |

GROSS PROFIT | 1,000,191 |  | 1,137,913 |  |

Distribution costs | 91,937 |  | 121,928 |  |

Administrative expenses | 845,224 |  | 894,275 |  |

|  | 937,161 |  |  |  | 1,016,203 |  |

OPERATING PROFIT | 4 | 63,030 |  | 121,710 |  |

Interest payable and similar expenses | 5 | 5,414 |  | 16,269 |  |

PROFIT BEFORE TAXATION | 57,616 |  | 105,441 |  |

Tax on profit | 6 | 17,209 |  | 460 |  |

PROFIT FOR THE FINANCIAL YEAR | 40,407 |  | 104,981 |  |

| SANHA UK LIMITED (REGISTERED NUMBER: 05036828) |

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31ST DECEMBER 2025

31.12.25 | 31.12.24 |

| Notes | £ | £

PROFIT FOR THE YEAR | 40,407 |  | 104,981 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 40,407 |  | 104,981 |  |

| SANHA UK LIMITED (REGISTERED NUMBER: 05036828) |

BALANCE SHEET

31ST DECEMBER 2025

31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 7 | 22,345 |  | 25,550 |  |

CURRENT ASSETS

Stocks | 8 | 864,866 |  | 737,516 |  |

Debtors | 9 | 323,920 |  | 146,727 |  |

Cash at bank | 75,294 |  | 144,849 |  |

1,264,080 |  | 1,029,092 |  |

CREDITORS

Amounts falling due within one year | 10 | 533,275 |  | 341,899 |  |

NET CURRENT ASSETS | 730,805 |  | 687,193 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 753,150 |  | 712,743 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 100,000 |  | 100,000 |  |

Retained earnings | 13 | 653,150 |  | 612,743 |  |

SHAREHOLDERS' FUNDS | 753,150 |  | 712,743 |  |

The financial statements were approved by the director and authorised for issue on 11th March 2026 and were signed by:

Mr F J Schrick - Director

| SANHA UK LIMITED (REGISTERED NUMBER: 05036828) |

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31ST DECEMBER 2025

Called up |  |

share | Retained | Total |

capital | earnings | equity |

| £ | £ | £

Balance at 1st January 2024 | 100,000 |  | 507,762 |  | 607,762 |  |

Changes in equity

Total comprehensive income | - |  | 104,981 |  | 104,981 |  |

Balance at 31st December 2024 | 100,000 |  | 612,743 |  | 712,743 |  |

Changes in equity

Total comprehensive income | - |  | 40,407 |  | 40,407 |  |

Balance at 31st December 2025 | 100,000 |  | 653,150 |  | 753,150 |  |

| SANHA UK LIMITED (REGISTERED NUMBER: 05036828) |

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST DECEMBER 2025

31.12.25 | 31.12.24 |

| Notes | £ | £

Cash flows from operating activities

Cash generated from operations | 1 | (63,681 | ) | 54,439 |  |

Interest paid | (5,414 | ) | (16,269 | ) |

Tax paid | (460 | ) | - |  |

Net cash from operating activities | (69,555 | ) | 38,170 |  |

(Decrease)/increase in cash and cash equivalents | (69,555 | ) | 38,170 |  |

Cash and cash equivalents at beginning of year | 2 | 144,849 |  | 106,679 |  |

Cash and cash equivalents at end of year | 2 | 75,294 |  | 144,849 |  |

| SANHA UK LIMITED (REGISTERED NUMBER: 05036828) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.25 | 31.12.24 |

| £ | £

| Profit before taxation | 57,616 |  | 105,441 |  |

| Depreciation charges | 3,205 |  | 3,205 |  |

| Finance costs | 5,414 |  | 16,269 |  |

66,235 |  | 124,915 |  |

| (Increase)/decrease in stocks | (127,350 | ) | 51,508 |  |

| Increase in trade and other debtors | (177,193 | ) | (48,712 | ) |

| Increase/(decrease) in trade and other creditors | 174,627 |  | (73,272 | ) |

| Cash generated from operations | (63,681 | ) | 54,439 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31st December 2025

| 31.12.25 |  | 1.1.25

| £ | £

| Cash and cash equivalents | 75,294 |  | 144,849 |  |

| Year ended 31st December 2024

| 31.12.24 |  | 1.1.24

| £ | £

| Cash and cash equivalents | 144,849 |  | 106,679 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.1.25 | Cash flow | At 31.12.25

| £ | £ | £

| Net cash |

| Cash at bank | 144,849 |  | (69,555 | ) | 75,294 |  |

144,849 |  | (69,555 | ) | 75,294 |  |

| Total | 144,849 |  | (69,555 | ) | 75,294 |  |

| SANHA UK LIMITED (REGISTERED NUMBER: 05036828) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. | STATUTORY INFORMATION

| Sanha UK 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

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

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Loan Pool | - | 25% on cost

| Fixtures and fittings | - | at varying rates on cost

| Computer equipment | - | Straight line over 3 years

| Stocks

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

| Financial instruments

| Financial instruments have been measured at fair value, net of transactions costs and net of the balances outstanding to SANHA UK Limited to represent a true and fair view.

| 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.

3. | EMPLOYEES AND DIRECTORS

31.12.25 | 31.12.24 |

| £ | £

| Wages and salaries | 250,075 |  | 289,061 |  |

| Social security costs | 11,041 |  | 19,927 |  |

| Other pension costs | 9,235 |  | 10,697 |  |

270,351 |  | 319,685 |  |

| The average number of employees during the year was as follows:

31.12.25 | 31.12.24 |

| Sales and Administration | 4 |  | 5 |  |

| Directors | 1 |  | 1 |  |

5 |  | 6 |  |

| SANHA UK LIMITED (REGISTERED NUMBER: 05036828) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

3. | EMPLOYEES AND DIRECTORS - continued

31.12.25 | 31.12.24 |

| £ | £

| Director's remuneration | 69,600 |  | 69,600 |  |

4. | OPERATING PROFIT

| The operating profit is stated after charging:

31.12.25 | 31.12.24 |

| £ | £

| Hire of plant and machinery | 84 |  | 679 |  |

| Other operating leases | 18,666 |  | 23,525 |  |

| Depreciation - owned assets | 3,205 |  | 3,205 |  |

| Auditors' remuneration | 12,926 |  | 11,208 |  |

| Foreign exchange differences | 8,783 |  | 6,313 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

31.12.25 | 31.12.24 |

| £ | £

| Factoring interest | 5,414 |  | 16,269 |  |

6. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

31.12.25 | 31.12.24 |

| £ | £

| Current tax:

| UK corporation tax | 17,209 |  | 460 |  |

| Tax on profit | 17,209 |  | 460 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.12.25 | 31.12.24 |

| £ | £

| Profit before tax | 57,616 |  | 105,441 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 26.500%) | 14,404 |  | 27,942 |  |

| Effects of:

| Expenses not deductible for tax purposes | 2,004 |  | 2,460 |  |

| Depreciation in excess of capital allowances | 801 |  | 849 |  |

| Utilisation of tax losses | - |  | (30,608 | ) |

| Marginal rate relief | - |  | (183 | ) |

| Total tax charge | 17,209 |  | 460 |  |

| SANHA UK LIMITED (REGISTERED NUMBER: 05036828) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

7. | TANGIBLE FIXED ASSETS

Fixtures |

and | Computer |

Loan Pool | fittings | equipment | Totals |

| £ | £ | £ | £

| COST

| At 1st January 2025

| and 31st December 2025 | 1,965 |  | 34,117 |  | 7,314 |  | 43,396 |  |

| DEPRECIATION

| At 1st January 2025 | 1,965 |  | 8,567 |  | 7,314 |  | 17,846 |  |

| Charge for year | - |  | 3,205 |  | - |  | 3,205 |  |

| At 31st December 2025 | 1,965 |  | 11,772 |  | 7,314 |  | 21,051 |  |

| NET BOOK VALUE

| At 31st December 2025 | - |  | 22,345 |  | - |  | 22,345 |  |

| At 31st December 2024 | - |  | 25,550 |  | - |  | 25,550 |  |

8. | STOCKS

31.12.25 | 31.12.24 |

| £ | £

| Stocks | 864,866 |  | 737,516 |  |

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

31.12.25 | 31.12.24 |

| £ | £

| Trade debtors | 309,514 |  | 8,492 |  |

| Other debtors | 7,697 |  | 124,419 |  |

| Prepayments and accrued income | 6,709 |  | 13,816 |  |

323,920 |  | 146,727 |  |

| Included in other debtors are the amounts owed by ABN AMRO Bank for the debt factoring of trade debtors, net of the balance owed by SANHA UK Limited to ABN AMRO Bank.

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

31.12.25 | 31.12.24 |

| £ | £

| Trade creditors | 32,911 |  | 11,843 |  |

| Amounts owed to group undertakings | 348,735 |  | 175,412 |  |

| Tax | 17,209 |  | 460 |  |

| Social security and other taxes | 5,758 |  | 6,742 |  |

| VAT | 70,548 |  | 84,257 |  |

| Other creditors | 4,174 |  | 4,446 |  |

| Accrued expenses | 53,940 |  | 58,739 |  |

533,275 |  | 341,899 |  |

11. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25 | 31.12.24 |

| £ | £

| Within one year | 125,872 |  | 136,948 |  |

| Between one and five years | 196,504 |  | 274,127 |  |

322,376 |  | 411,075 |  |

| SANHA UK LIMITED (REGISTERED NUMBER: 05036828) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 | 31.12.24 |

value: |  | £ | £

| 100,000 | Ordinary Shares | £1 | 100,000 |  | 100,000 |  |

13. | RESERVES

Retained |

earnings |

| £

| At 1st January 2025 | 612,743 |  |

| Profit for the year | 40,407 |  |

| At 31st December 2025 | 653,150 |  |

14. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension cost charge represents contributions paid by the company to the fund and amounted to £13,000 (2024: £13,829).

15. | ULTIMATE PARENT COMPANY

| The company's ultimate parent company is SANHA GmbH & Co. KG, a company incorporated in Germany.

16. | RELATED PARTY DISCLOSURES

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

17. | ULTIMATE CONTROLLING PARTY

| The controlling party is SANHA GmbH & Co. KG.

| The ultimate controlling party is the Kaimer family by virtue of their interests in the company's ultimate parent company, SANHA GmbH & Co. KG.