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REGISTERED NUMBER: 04019121 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MALTON PLASTICS (UK) LIMITED

MALTON PLASTICS (UK) LIMITED (REGISTERED NUMBER: 04019121) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MALTON PLASTICS (UK) LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | S M Smith

| G R Smith

| SECRETARY: | G R Smith

| REGISTERED OFFICE: | 29 Enterprise Way

| Thornton Road Industrial Estate

| Pickering

| North Yorkshire

| YO18 7NA

| REGISTERED NUMBER: | 04019121 (England and Wales)

| ACCOUNTANTS: | bk plus Keighley

| Chartered Certified Accountants

| Suite 1, Aireside House

| Royd Ings Avenue

| Keighley

| West Yorkshire

| BD21 4BZ

| BANKERS: | Barclays Bank Plc

| 23 Yorkers Gate

| Malton

| North Yorkshire

| YO17 7AE

MALTON PLASTICS (UK) LIMITED (REGISTERED NUMBER: 04019121) |

BALANCE SHEET

31 DECEMBER 2025

2025 | 2024 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 4 | 679,956 |  | 709,528 |  |

CURRENT ASSETS

Stocks | 237,423 |  | 210,234 |  |

Debtors | 5 | 268,005 |  | 249,911 |  |

Cash at bank | 437,958 |  | 370,909 |  |

943,386 |  | 831,054 |  |

CREDITORS

Amounts falling due within one year | 6 | (360,475 | ) | (252,327 | ) |

NET CURRENT ASSETS | 582,911 |  | 578,727 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,262,867 |  | 1,288,255 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (329,104 | ) | (328,788 | ) |

PROVISIONS FOR LIABILITIES | (23,070 | ) | (34,748 | ) |

NET ASSETS | 910,693 |  | 924,719 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 2 |  | 2 |  |

Retained earnings | 910,691 |  | 924,717 |  |

SHAREHOLDERS' FUNDS | 910,693 |  | 924,719 |  |

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 directors acknowledge their responsibilities for:

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

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

MALTON PLASTICS (UK) LIMITED (REGISTERED NUMBER: 04019121) |

BALANCE SHEET - continued

31 DECEMBER 2025

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 16 March 2026 and were signed on its behalf by:

G R Smith - Director

MALTON PLASTICS (UK) LIMITED (REGISTERED NUMBER: 04019121) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Malton Plastics (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.

| The presentation currency of the financial statements is the Pound Sterling (£).

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 represents amounts receivable for the supply of moulded plastic products and related services net of VAT and trade discounts.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| TANGIBLE FIXED ASSETS

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation net of depreciation and any impairment losses.

| 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:

| Improvements to leasehold premises |  | 10% Straight line |  |

| Computer equipment |  | 33% Straight line |  |

| Plant & machinery |  | 20% Straight line |  |

| Fixtures & fittings |  | 20% Straight line |  |

| Motor vehicles |  | 33% Straight line |  |

| Freehold Buildings (excluding land) |  | 2% Straight line |  |

| 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.

MALTON PLASTICS (UK) LIMITED (REGISTERED NUMBER: 04019121) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| STOCKS

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| 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.

| 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.

| 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 are included in the profit and loss account for the period.

| LEASES

| Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

| Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

| 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 leases asset are consumed.

| RETIREMENT BENEFITS

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

MALTON PLASTICS (UK) LIMITED (REGISTERED NUMBER: 04019121) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| GOING CONCERN

| These financial statements have been prepared on a going concern basis.

| The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period at least 12 months from the date of approval of these financial statements.

| EMPLOYEE BENEFITS

| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

| The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

| IMPAIRMENT OF FIXED ASSETS

| At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

Plant and |

Land and | machinery |

buildings | etc | Totals |

| £ | £ | £

| COST

| At 1 January 2025 | 570,350 |  | 863,714 |  | 1,434,064 |  |

| Additions | - |  | 57,933 |  | 57,933 |  |

| At 31 December 2025 | 570,350 |  | 921,647 |  | 1,491,997 |  |

| DEPRECIATION

| At 1 January 2025 | 23,456 |  | 701,080 |  | 724,536 |  |

| Charge for year | 7,407 |  | 80,098 |  | 87,505 |  |

| At 31 December 2025 | 30,863 |  | 781,178 |  | 812,041 |  |

| NET BOOK VALUE

| At 31 December 2025 | 539,487 |  | 140,469 |  | 679,956 |  |

| At 31 December 2024 | 546,894 |  | 162,634 |  | 709,528 |  |

MALTON PLASTICS (UK) LIMITED (REGISTERED NUMBER: 04019121) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS - continued

| Included in cost of land and buildings is freehold land of £ 200,000 (2024 - £ 200,000 ) which is not depreciated.

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

2025 | 2024 |

| £ | £

| Trade debtors | 257,390 |  | 240,035 |  |

| Other debtors | 10,615 |  | 9,876 |  |

268,005 |  | 249,911 |  |

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

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 13,580 |  | 13,326 |  |

| Hire purchase contracts (see note 8) | 7,821 |  | - |  |

| Trade creditors | 238,015 |  | 92,830 |  |

| Taxation and social security | 47,788 |  | 79,166 |  |

| Other creditors | 53,271 |  | 67,005 |  |

360,475 |  | 252,327 |  |

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

2025 | 2024 |

| £ | £

| Bank loans | 314,954 |  | 328,788 |  |

| Hire purchase contracts (see note 8) | 14,150 |  | - |  |

329,104 |  | 328,788 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans due in more than 5

| years | 257,674 |  | 259,657 |  |

257,674 |  | 259,657 |  |

8. | LEASING AGREEMENTS

| Included in 'Creditors: amounts falling due within one year' and 'Creditors: amounts falling due after more than one year' are hire purchase liabilities amounting to £21,971 (2024: £Nil). These liabilities are secured against the assets concerned.

MALTON PLASTICS (UK) LIMITED (REGISTERED NUMBER: 04019121) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

| £ | £

| Bank loans | 328,534 |  | 342,114 |  |

| The bank loan is secured on the company's property at 29 Enterprise Way, Pickering, YO18 7NA and by a Fixed and Floating charge over the company's assets.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 2 | Ordinary | 1 | 2 |  | 2 |  |

11. | RELATED PARTY TRANSACTIONS

| During the year the company entered into the following transactions with related parties:

| Included in 'Other creditors' is an interest free loan from the directors amounting to £31,602 (2024: £41,402). This loan is repayable on demand.