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REGISTERED NUMBER: 01088286 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

B.H.M. Knitwear Limited

| B.H.M. Knitwear Limited (Registered number: 01088286) |

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| B.H.M. Knitwear Limited |

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | B T Littlejohn

| L Zhu

| N I S Barana

| S Yin

| Y Liu

| REGISTERED OFFICE: | Marlborough Drive

| Fleckney

| Leicester

| Leicestershire

| LE8 8UR

| REGISTERED NUMBER: | 01088286 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| Park House

| 37 Clarence Street

| Leicester

| Leicestershire

| LE1 3RW

| B.H.M. Knitwear Limited (Registered number: 01088286) |

Balance Sheet

30 June 2025

| 30.6.25 |  | 30.6.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 147,067 |  | 174,333 |  |

CURRENT ASSETS

Stocks | 5 | 275,259 |  | 340,722 |  |

Debtors | 6 | 3,555,350 |  | 3,597,959 |  |

Cash at bank | 168,502 |  | 104,279 |  |

3,999,111 |  | 4,042,960 |  |

CREDITORS

Amounts falling due within one year | 7 | (3,604,632 | ) | (3,198,723 | ) |

NET CURRENT ASSETS | 394,479 |  | 844,237 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 541,546 |  | 1,018,570 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (93,334 | ) | (253,333 | ) |

PROVISIONS FOR LIABILITIES | (10,439 | ) | (35,548 | ) |

NET ASSETS | 437,773 |  | 729,689 |  |

CAPITAL AND RESERVES

Called up share capital | 340 |  | 340 |  |

Revaluation reserve | 71,096 |  | 71,096 |  |

Retained earnings | 366,337 |  | 658,253 |  |

SHAREHOLDERS' FUNDS | 437,773 |  | 729,689 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

| B.H.M. Knitwear Limited (Registered number: 01088286) |

Balance Sheet - continued

30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 March 2026 and were signed on its behalf by:

N I S Barana - Director

| B.H.M. Knitwear Limited (Registered number: 01088286) |

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| B.H.M. Knitwear 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 (£).

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 as modified by the revaluation of certain assets.

| Related party exemption

| 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.

| Critical accounting judgements and key sources of estimation uncertainty

| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

| i) Useful economic lives of tangible assets

| The annual depreciation charge for tangible assets is sensitive to changes in the economic useful lives and residual values of assets. The useful economic lives and residual values are reviewed annually.

| ii) Stock provisions

| In determining stock provisions, evaluation of future demand is considered and appropriate provisions made to reflect the risk of obsolescence. This is significantly affected by forecasted needs for stock. If actual demand or usage were to be lower than estimated, additional stock provisions for excess or obsolete stock may be required.

| iii) Bad debt provisions

| Bad debt provisions are made by the directors based on the age of the unpaid debt and the terms of trade.

| B.H.M. Knitwear Limited (Registered number: 01088286) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| The company recognises turnover when the following criteria have been met:

| (a) the significant risks and rewards of ownership have been transferred to the buyer;

| (b) the company retains no ongoing involvement or control over the goods;

| (c) the revenue can be reliably measured;

| (d) it is probable that the company will receive the consideration due under the transaction; and

| (e) the costs incurred in respect of the transaction can be reliably measured.

| Tangible fixed assets

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

| Improvements to property | - | Over the term of the lease

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 25% on cost

| Motor vehicles | - | 25% on cost

| The company has adopted the revaluation model for plant and machinery which are held at fair value less any subsequent depreciation or impairment. Fair value is assessed as the estimated value in use at the reporting date. Revaluation gains and losses are recognised in Other Comprehensive Income and accumulate in the Revaluation Reserve.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow-moving stocks. Cost is based on the cost purchase on a first in, first out basis.

| At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the impairment loss is recognised immediately in the profit and loss account.

| Financial instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other group companies.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| B.H.M. Knitwear Limited (Registered number: 01088286) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

| Those under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payment is treated as a liability.

| 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

| The average number of employees during the year was 35 (2024 - NIL ) .

| B.H.M. Knitwear Limited (Registered number: 01088286) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 July 2024 | 444,401 |  | 757,634 |  | 388,188 |  | 20,426 |  | 1,610,649 |  |

| Additions | - |  | - |  | 3,137 |  | - |  | 3,137 |  |

| At 30 June 2025 | 444,401 |  | 757,634 |  | 391,325 |  | 20,426 |  | 1,613,786 |  |

| DEPRECIATION

| At 1 July 2024 | 442,823 |  | 652,798 |  | 320,269 |  | 20,426 |  | 1,436,316 |  |

| Charge for year | 226 |  | 11,343 |  | 18,834 |  | - |  | 30,403 |  |

| At 30 June 2025 | 443,049 |  | 664,141 |  | 339,103 |  | 20,426 |  | 1,466,719 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,352 |  | 93,493 |  | 52,222 |  | - |  | 147,067 |  |

| At 30 June 2024 | 1,578 |  | 104,836 |  | 67,919 |  | - |  | 174,333 |  |

| Cost or valuation at 30 June 2025 is represented by:

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2020 | - |  | 142,190 |  | - |  | - |  | 142,190 |  |

| Cost | 444,401 |  | 615,444 |  | 391,325 |  | 20,426 |  | 1,471,596 |  |

444,401 |  | 757,634 |  | 391,325 |  | 20,426 |  | 1,613,786 |  |

| If plant and machinery had not been revalued they would have been included at the following historical cost:

| 30.6.25 |  | 30.6.24

£ | £ |

| Cost | 615,444 |  | 615,444 |  |

| Aggregate depreciation | 563,706 |  | 536,087 |  |

| Plant and machinery were valued on an open market basis on 30 June 2020 by the directors .

5. | STOCKS

| 30.6.25 |  | 30.6.24

£ | £ |

| Raw materials | 120,823 |  | 72,536 |  |

| Finished goods | 154,436 |  | 268,186 |  |

275,259 |  | 340,722 |  |

| B.H.M. Knitwear Limited (Registered number: 01088286) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 1,037,669 |  | 1,305,030 |  |

| Amounts owed by group undertakings | 2,343,041 |  | 2,207,834 |  |

| Other debtors | 174,640 |  | 85,095 |  |

3,555,350 |  | 3,597,959 |  |

| Other debtors includes prepayments and accrued income of £122,307 (2024 - £57,606).

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans and overdrafts | 160,012 |  | 337,978 |  |

| Trade creditors | 1,994,215 |  | 1,342,168 |  |

| Amounts owed to group undertakings | 1,370,553 |  | 1,370,670 |  |

| Taxation and social security | 50,648 |  | 50,311 |  |

| Other creditors | 29,204 |  | 97,596 |  |

3,604,632 |  | 3,198,723 |  |

| Other creditors included accruals and deferred income of £10,217 (2024 - £81,370).

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans | 93,334 |  | 253,333 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans | 253,334 |  | 591,311 |  |

| The bank loan has been secured by a debenture and a fixed and floating charge in favour of HSBC UK Bank Plc, over the assets of the company.

| The loan has also been secured by an Unlimited Multilateral Guarantee in favour of HSBC UK Bank Plc given by BHM Holdings 2020 Limited, Amberstone Enterprises Limited, BHM International Limited and this company.

10. | OTHER FINANCIAL COMMITMENTS

| Total amount of financial commitments, guarantees and contingencies not included in the balance sheet is £140,260 (2024: £256,661).