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REGISTERED NUMBER: 01478359 (England and Wales)

KUHN RIKON (U.K.) LIMITED

Financial Statements for the Year Ended 31 December 2025

KUHN RIKON (U.K.) LIMITED (REGISTERED NUMBER: 01478359)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

KUHN RIKON (U.K.) LIMITED

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | E Margetts

| T Gerfin

| SECRETARY: | E Margetts

| REGISTERED OFFICE: | 47 Planetary Road

| Willenhall

| Wolverhampton

| WV13 3XB

| REGISTERED NUMBER: | 01478359 (England and Wales)

| AUDITORS: | Lancaster Haskins Limited

| Granville House

| 2 Tettenhall Road

| Wolverhampton

| West Midlands

| WV1 4SB

KUHN RIKON (U.K.) LIMITED (REGISTERED NUMBER: 01478359)

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 6,586 |  | 16,586 |  |

Tangible assets | 5 | 150,324 |  | 71,918 |  |

156,910 |  | 88,504 |  |

CURRENT ASSETS

Stocks | 1,052,017 |  | 815,053 |  |

Debtors | 6 | 661,364 |  | 629,984 |  |

Cash at bank and in hand | 370,794 |  | 185,490 |  |

2,084,175 |  | 1,630,527 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,068,305 |  | 1,808,153 |  |

NET CURRENT ASSETS/(LIABILITIES) | 15,870 |  | (177,626 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 172,780 |  | (89,122 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 19,840 |  | 19,840 |  |

Share premium | 10 | 15,000 |  | 15,000 |  |

Retained earnings | 10 | 137,940 |  | (123,962 | ) |

SHAREHOLDERS' FUNDS | 172,780 |  | (89,122 | ) |

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 17 March 2026 and were signed on its behalf by:

T Gerfin - Director

KUHN RIKON (U.K.) LIMITED (REGISTERED NUMBER: 01478359)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Kuhn Rikon (U.K.) 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 principal activity of the company in the year under review was that of the wholesale distribution of household goods, with a focus on cookware and kitchen tools.

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 for goods supplied and services rendered, net of discounts and Value Added Tax.

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

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer Software is being amortised evenly over its estimated useful life of five years.

| Tangible fixed assets

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

| Short leasehold | - | 20% on cost

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 20% on cost

| Computer equipment | - | 30% on cost

| Stocks

| Stocks are stated at the lower of cost and net realisable value. Cost is calculated using the first-in, first-out (FIFO) method and includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. Net realisable value represents the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.

KUHN RIKON (U.K.) LIMITED (REGISTERED NUMBER: 01478359)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| 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.

| Financial instruments

| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

| Going concern

| The financial statements have been prepared on a going-concern basis. In assessing going concern, the directors have considered the Company’s cash-flow forecasts and financial position for a period of at least twelve months from the date of approval of these financial statements.

| The directors note that the Company benefits from the continued financial support of its parent company, Kuhn Rikon AG, which has confirmed its intention that the amounts owed by the Company to the group will not be called for repayment to the detriment of the Company within at least twelve months from the date of approval of these financial statements. On this basis, the directors consider that the Company has adequate resources to continue in operational existence for the foreseeable future.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 10 ) .

KUHN RIKON (U.K.) LIMITED (REGISTERED NUMBER: 01478359)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | INTANGIBLE FIXED ASSETS

| Computer

| Software

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 171,345 |  |

| AMORTISATION

| At 1 January 2025 | 154,759 |  |

| Amortisation for year | 10,000 |  |

| At 31 December 2025 | 164,759 |  |

| NET BOOK VALUE

| At 31 December 2025 | 6,586 |  |

| At 31 December 2024 | 16,586 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Short |  | Plant and |  | and |  | Computer |

| leasehold |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2025 | - |  | 12,352 |  | 139,608 |  | 37,254 |  | 189,214 |  |

| Additions | 68,223 |  | - |  | 49,326 |  | 1,897 |  | 119,446 |  |

| At 31 December 2025 | 68,223 |  | 12,352 |  | 188,934 |  | 39,151 |  | 308,660 |  |

| DEPRECIATION

| At 1 January 2025 | - |  | 5,250 |  | 86,698 |  | 25,348 |  | 117,296 |  |

| Charge for year | 1,570 |  | 2,470 |  | 27,717 |  | 9,283 |  | 41,040 |  |

| At 31 December 2025 | 1,570 |  | 7,720 |  | 114,415 |  | 34,631 |  | 158,336 |  |

| NET BOOK VALUE

| At 31 December 2025 | 66,653 |  | 4,632 |  | 74,519 |  | 4,520 |  | 150,324 |  |

| At 31 December 2024 | - |  | 7,102 |  | 52,910 |  | 11,906 |  | 71,918 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 574,888 |  | 566,969 |  |

| Other debtors | 22,784 |  | - |  |

| Prepayments | 63,692 |  | 63,015 |  |

661,364 |  | 629,984 |  |

KUHN RIKON (U.K.) LIMITED (REGISTERED NUMBER: 01478359)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 116,223 |  | 79,322 |  |

| Amounts owed to group undertakings | 1,653,954 |  | 1,520,780 |  |

| Social security and other taxes | 18,061 |  | 14,206 |  |

| VAT | 180,292 |  | 167,145 |  |

| Accrued expenses | 99,775 |  | 26,700 |  |

2,068,305 |  | 1,808,153 |  |

8. | LEASING AGREEMENTS

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Within one year | 161,078 |  | 85,132 |  |

| Between one and five years | 311,331 |  | 127,699 |  |

472,409 |  | 212,831 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 19,840 | Ordinary | £1 | 19,840 |  | 19,840 |  |

10. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 January 2025 | (123,962 | ) | 15,000 |  | (108,962 | ) |

| Profit for the year | 261,902 |  | 261,902 |  |

| At 31 December 2025 | 137,940 |  | 15,000 |  | 152,940 |  |

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

| The Report of the Auditors was unqualified.

| James Roden BA FCA (Senior Statutory Auditor)

| for and on behalf of Lancaster Haskins Limited

KUHN RIKON (U.K.) LIMITED (REGISTERED NUMBER: 01478359)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

12. | RELATED PARTY DISCLOSURES

| The Company is a 74.98% owned subsidiary of Kuhn Rikon AG, a company incorporated in Switzerland.

| During the year, the Company entered into transactions with its parent company relating to:

| - Purchases of goods,

| - Recharges of shared costs, and

| - Interest charged on overdue trade creditor balances.

| These transactions are conducted on an open-account basis, with payment due 60 days after the month-end, and were made in the normal course of business.

| At the year-end, the Company had amounts due to the parent company arising from these transactions. These balances are unsecured, interest-bearing only when overdue, and are repayable on demand.

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Purchases, expenses and transfers to the above-mentioned related party for the financial year totalled |  |  | 2,638,521 |  |  | 1,587,326 |  |

| Recharges of shared costs |  |  | (67,472 | ) |  | (92,007 | ) |

| Interest charged on overdue trade creditor balances |  |  | 21,975 |  |  | 39,964 |  |

| Amounts due by the company to related parties at the reporting date were as follows:-

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Kuhn Rikon AG |  |  | 1,653,954 |  |  | 1,520,780 |  |

13. | ULTIMATE CONTROLLING PARTY

| The Company's ultimate parent undertaking at the balance sheet date was Kuhn Rikon AG, a company incorporated in Switzerland.

| The directors consider that the company is ultimately controlled by Dorothee Auwärter Lanter.