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REGISTERED NUMBER: 02079468 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Product Development (Engineering)

Limited

| Product Development (Engineering) |

| Limited (Registered number: 02079468) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Chartered Certified Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 4 |

| Product Development (Engineering) |

| Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | Mr John Richard Nuttall

| REGISTERED OFFICE: | 49 Ribblesdale Drive

| Grimsargh

| Preston

| Lancashire

| PR2 5RJ

| REGISTERED NUMBER: | 02079468 (England and Wales)

| ACCOUNTANTS: | Mark Vickers Accountants Limited

| Ground Floor

| 6&7 Eastway Business Village

| Olivers Place

| Preston

| Lancashire

| PR2 9WT

Chartered Certified Accountants' Report to the Director

on the Unaudited Financial Statements of

Product Development (Engineering)

Limited

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

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Product Development (Engineering) Limited for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

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

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

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

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

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

It is your duty to ensure that Product Development (Engineering) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Product Development (Engineering) Limited. You consider that Product Development (Engineering) Limited is exempt from the statutory audit requirement for the year.

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

Mark Vickers Accountants Limited

Ground Floor

6&7 Eastway Business Village

Olivers Place

Preston

Lancashire

PR2 9WT

Date: .............................................

| Product Development (Engineering) |

| Limited (Registered number: 02079468) |

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,102 |  | 3,481 |  |

CURRENT ASSETS

Debtors | 5 | 885 |  | 400 |  |

Cash at bank | 172 |  | 804 |  |

1,057 |  | 1,204 |  |

CREDITORS

Amounts falling due within one year | 6 | 22,649 |  | 22,749 |  |

NET CURRENT LIABILITIES | (21,592 | ) | (21,545 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (18,490 | ) | (18,064 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (18,590 | ) | (18,164 | ) |

(18,490 | ) | (18,064 | ) |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

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

The financial statements were approved by the director and authorised for issue on 16 March 2026 and were signed by:

Mr John Richard Nuttall - Director

| Product Development (Engineering) |

| Limited (Registered number: 02079468) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Product Development (Engineering) 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.

| 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.

| Plant and machinery | - | 10% on reducing balance

| Computer equipment | - | 25% on reducing balance

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 31,046 |  | 652 |  | 31,698 |  |

| DEPRECIATION

| At 1 January 2025 | 27,771 |  | 446 |  | 28,217 |  |

| Charge for year | 328 |  | 51 |  | 379 |  |

| At 31 December 2025 | 28,099 |  | 497 |  | 28,596 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,947 |  | 155 |  | 3,102 |  |

| At 31 December 2024 | 3,275 |  | 206 |  | 3,481 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 885 |  | 400 |  |

| Product Development (Engineering) |

| Limited (Registered number: 02079468) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Other creditors | 22,649 |  | 22,749 |  |