PB Carbon Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10380947 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

PB CARBON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

P J Clifford

M Mills

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

10380947 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Investment property

4

1,743,000

1,728,207

CURRENT ASSETS

Cash at bank

4,647

7,138

CREDITORS

Amounts falling due within one year

5

287,272

316,834

NET CURRENT LIABILITIES

(282,625

)

(309,696

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,460,375

1,418,511

CREDITORS

Amounts falling due after more than one
year

6

(1,214,348

)

(1,214,348

)

PROVISIONS FOR LIABILITIES

(33,003

)

(33,003

)

NET ASSETS

213,024

171,160

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

8

212,924

171,060

213,024

171,160

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

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

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 9 April 2026 and were signed on its behalf by:

M Mills - Director

P J Clifford - Director

1.	STATUTORY INFORMATION

PB Carbon 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 as modified by the revaluation of certain assets.

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

Although current liabilities exceed current assets the accounts have been prepared on the going concern basis with the company having the full support of the directors.

Within the current liabilities are inter-company loans owed to PJ Clifford Limited and Clifford Hayles Limited which are companies under the same control as PB Carbon Limited. There is no intention for these loans to be repaid in the immediate future.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover

Turnover represents rental income due.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

1,728,207

Revaluations

14,793

At 30 September 2025

1,743,000

NET BOOK VALUE

At 30 September 2025

1,743,000

At 30 September 2024

1,728,207

Fair value at 30 September 2025 is represented by:

£

Valuation in 2019

17,754

Valuation in 2020

10,000

Valuation in 2021

69,666

Valuation in 2022

29,739

Valuation in 2023

20,000

Valuation in 2024

10,000

Valuation in 2025

14,793

Cost

1,571,048

1,743,000

If investment property had not been revalued it would have been included at the following historical cost:

30.9.25

30.9.24

£

Cost

1,571,048

Investment property was valued on on an open market basis on 30 September 2025 by the directors .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Tax

8,046

6,102

Other creditors

276,052

307,492

Directors' current accounts

1,284

1,349

Accrued expenses

1,890

1,891

287,272

316,834

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

Bank loans more 5 yrs non-inst

1,199,348

Directors' loan accounts

15,000

1,214,348

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,199,348

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

Bank loans

1,199,348

There exists a fixed charge over the freehold property known as 12 Murdock Mews held by Paragon Bank PLC. This charge contains a negative pledge.

There exists a fixed charge over the freehold property known as 9 Eversley Crescent held by Paragon Bank PLC. This charge contains a negative pledge.

There exists a floating charge over all the undertaking and property of the company held by Paragon Bank PLC and Paragon Mortgages (2010) Limited.

There exists a fixed charge over the freehold property known as 10 Logie Baird Way held by One Savings Bank PLC. This charge contains a negative pledge.

There exists a fixed charge over the freehold property known as 49 Faraday Drive held by West Bromwich Commercial Limited. This charge contains a negative pledge.

There exists a fixed charge over the freehold property known as 45 Faraday Drive held by West Bromwich Commercial Limited. This charge contains a negative pledge.

There exists a fixed charge over the freehold property known as 12 Murdock Mews held by Landbay Partners Limited. This charge contains a negative pledge.

8.

RESERVES

Retained

earnings

£

At 1 October 2024

171,060

Profit for the year

41,864

At 30 September 2025

212,924

Contained within reserves is £135,842 (2024 - £124,155) which is non-distributable. This relates to the unrealised gains on revaluation of investment properties less any deferred tax attributable to these gains.

9.	RELATED PARTY DISCLOSURES

As at the balance sheet date the directors were owed £16,284 (2024 - £16,349) by the company. this is shown as £1,284 (2024 - £1,349) as repayable within one year with the balance of £15,000 (2024 - £15,000) being repayable after more than one year. There are no terms attached to this loan.

Within the other creditors balance of £276,052 is an amount of £223,728 (2024 - £255,169) owed to PJ Clifford Ltd and £50,000 (2024 - £50,000) owed to Clifford Hayles Limited, both are companies under common control. There are no terms attached to this loan.

The following reproduces the text of the report prepared for the directors 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 Directors 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 PB Carbon Limited for the year ended 30 September 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of PB Carbon Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PB Carbon Limited and state those matters that we have agreed to state to the Board of Directors of PB Carbon Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PB Carbon Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PB Carbon 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 profit of PB Carbon Limited. You consider that PB Carbon 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 PB Carbon 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.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

20 April 2026