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REGISTERED NUMBER: 12300299 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Fournier Polymers Limited

Fournier Polymers Limited (Registered number: 12300299)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Fournier Polymers Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | E G P Tarret

| Dr S R Girschik

| U Litterscheid

| SECRETARY: | Pramex International Ltd

| REGISTERED OFFICE: | 11 Old Jewry

| C/o Pramex International

| London

| EC2R 8DU

| REGISTERED NUMBER: | 12300299 (England and Wales)

| AUDITORS: | Forvis Mazars LLP

| Chartered Accountants and Statutory Auditors

| 3 Chamberlain Square

| Birmingham

| B3 3AX

Fournier Polymers Limited (Registered number: 12300299)

Balance Sheet

31 December 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 179,979 |  | 205,690 |  |

Tangible assets | 5 | 21,698 |  | 18,143 |  |

201,677 |  | 223,833 |  |

CURRENT ASSETS

Stocks | 6 | 722,031 |  | 784,956 |  |

Debtors | 7 | 656,199 |  | 747,911 |  |

Cash at bank | 314,844 |  | 400,395 |  |

1,693,074 |  | 1,933,262 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,046,921 |  | 1,403,714 |  |

NET CURRENT ASSETS | 646,153 |  | 529,548 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 847,830 |  | 753,381 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 1,220,916 |  | 990,021 |  |

NET LIABILITIES | (373,086 | ) | (236,640 | ) |

CAPITAL AND RESERVES

Called up share capital | 10 | 10,000 |  | 10,000 |  |

Retained earnings | (383,086 | ) | (246,640 | ) |

SHAREHOLDERS' FUNDS | (373,086 | ) | (236,640 | ) |

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 12 March 2026 and were signed on its behalf by:

E G P Tarret - Director

Fournier Polymers Limited (Registered number: 12300299)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Fournier Polymers 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.

| All amounts are rounded to the nearest £.

| Turnover

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

| Risks and rewards are deemed to be transferred based on the incoterm of the sale. Either it is on receipt of goods at the warehouse (DDP) or upon arrival to the harbour (FCA).

| Therefore, revenue is recognised at the point where the customer receives the goods based on the incoterm of the sale.

| Goodwill

| Goodwill represents the difference between amounts paid on the cost of an asset acquisition and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Income Statement over its useful economic life.

| The estimated useful lives range as follows:

| Goodwill - 10 years

| No amortisation is provided on goodwill as the Company does not expect to receive the economic benefits associated with this asset until trading operations commence.

| Tangible fixed assets

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

| Motor vehicle : 33% straight line

| Stocks

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

Fournier Polymers Limited (Registered number: 12300299)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Basic financial assets

| Basic financial assets, which include debtors, loans from fellow group companies, 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.

| 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.

| Basic financial liabilities

| Basic financial liabilities, including creditors, accruals and loans from fellow group companies 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 payments 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. Amounts 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.

| 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.

Fournier Polymers Limited (Registered number: 12300299)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

| The Net Book Value of assets under Hire Purchase agreements amounts to £21,698.

| 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 the Income Statement in the period to which they relate.

| Going concern

| The company is dependent upon the continued financial support of its parent company which has undertaken to financially support the company for the at least 12 months after the date of the signing of these accounts and for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2023 - 2 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 257,113 |  |

| AMORTISATION

| At 1 January 2024 | 51,423 |  |

| Amortisation for year | 25,711 |  |

| At 31 December 2024 | 77,134 |  |

| NET BOOK VALUE

| At 31 December 2024 | 179,979 |  |

| At 31 December 2023 | 205,690 |  |

Fournier Polymers Limited (Registered number: 12300299)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024 | 36,285 |  |

| Additions | 28,931 |  |

| Disposals | (36,285 | ) |

| At 31 December 2024 | 28,931 |  |

| DEPRECIATION

| At 1 January 2024 | 18,142 |  |

| Charge for year | 7,233 |  |

| Eliminated on disposal | (18,142 | ) |

| At 31 December 2024 | 7,233 |  |

| NET BOOK VALUE

| At 31 December 2024 | 21,698 |  |

| At 31 December 2023 | 18,143 |  |

6. | STOCKS

| 31.12.24 |  | 31.12.23

£ | £ |

| Stocks | 722,031 |  | 784,956 |  |

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

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 614,495 |  | 737,412 |  |

| Other debtors | 4,653 |  | - |  |

| Accrued income | 12,639 |  | - |  |

| Prepayments | 24,412 |  | 10,499 |  |

656,199 |  | 747,911 |  |

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

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 887,774 |  | 1,096,526 |  |

| Finance lease and HP contract | - |  | 10,230 |  |

| Social security and other taxes | 892 |  | 557 |  |

| VAT | 116,565 |  | 243,060 |  |

| Accruals | 41,690 |  | 53,341 |  |

1,046,921 |  | 1,403,714 |  |

Fournier Polymers Limited (Registered number: 12300299)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

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

| 31.12.24 |  | 31.12.23

£ | £ |

| Finance lease and HP contracts | - |  | 5,191 |  |

| Amounts owed to group undertakings | 1,220,916 |  | 984,830 |  |

1,220,916 |  | 990,021 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 1,000 | Ordinary | £10 | 10,000 |  | 10,000 |  |

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

| The Auditors' Report was unqualified.

| Paul Kurowski (Senior Statutory Auditor)

| for and on behalf of Forvis Mazars LLP

12. | CAPITAL COMMITMENTS

| The company had no material capital commitments at the financial year ended 31 December 2024.

13. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £585 (2023 - £Nil) were due to the fund. They are included in accruals.

14. | 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.

15. | POST BALANCE SHEET EVENTS

| There have been no significant events affecting the company since the financial year.

Fournier Polymers Limited (Registered number: 12300299)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

16. | ULTIMATE CONTROLLING PARTY

| The company's immediate parent undertaking is Fournier Plastics Group S.L., a registered company in Spain.

| Consolidated financial statements have been prepared by Fournier Plastics Group S.L., copies of these financial statements may be obtained from Juan Pablo II, No. 35, Planta 10a, Torre Aragonia , 50009, Zaragoza, Spain.The company's ultimate controlling party is Fournier S.A. (France), a registered company in France.