Company No: 08838551 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	J L Palmer
	J D Simons

Registered office	9 Donnington Park
	85 Birdham Road
	Chichester
	PO20 7AJ
	United Kingdom

Company number

08838551 (England and Wales)

Accountant	Kreston Reeves LLP
	9 Donnington Park
	85 Birdham Road
	Chichester
	West Sussex
	PO20 7AJ

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Acorn International Distribution Limited for the financial year ended 31 January 2026 which comprise the Balance Sheet and the related notes 1 to 13 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 at www.icaew.com/regulation.

It is your duty to ensure that Acorn International Distribution 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 Acorn International Distribution Limited. You consider that Acorn International Distribution Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Acorn International Distribution 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.

This report is made solely to the Board of Directors of Acorn International Distribution Limited, as a body, in accordance with the terms of our engagement letter dated 19 April 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Acorn International Distribution Limited and state those matters that we have agreed to state to the Board of Directors of Acorn International Distribution Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Acorn International Distribution Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP

9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

01 May 2026

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	1,050,000		1,200,000
Tangible assets	4	132,127		142,428
		1,182,127		1,342,428
Current assets
Debtors	5	14,443		7,903
Cash at bank and in hand		1,684,742		3,979,774
		1,699,185		3,987,677
Creditors: amounts falling due within one year	6	( 469,728)		( 560,040)
Net current assets		1,229,457		3,427,637
Total assets less current liabilities		2,411,584		4,770,065
Creditors: amounts falling due after more than one year	7	( 53,608)		( 77,848)
Provision for liabilities	8	( 33,034)		( 332,441)
Net assets		2,324,942		4,359,776
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		2,324,842		4,359,676
Total shareholders' funds		2,324,942		4,359,776

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Acorn International Distribution Limited (registered number: 08838551) were approved and authorised for issue by the Board of Directors on 30 April 2026. They were signed on its behalf by:

J D Simons Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Acorn International Distribution Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9 Donnington Park, 85 Birdham Road, Chichester, PO20 7AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	3 years straight line
Vehicles	10 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	10		9

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2025	1,500,000		1,500,000
At 31 January 2026	1,500,000		1,500,000
Accumulated amortisation
At 01 February 2025	300,000		300,000
Charge for the financial year	150,000		150,000
At 31 January 2026	450,000		450,000
Net book value
At 31 January 2026	1,050,000		1,050,000
At 31 January 2025	1,200,000		1,200,000

4. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 February 2025	3,982		158,730		14,620		177,332
Additions	0		0		5,958		5,958
Disposals	( 2,583)		0		( 2,011)		( 4,594)
At 31 January 2026	1,399		158,730		18,567		178,696
Accumulated depreciation
At 01 February 2025	3,982		20,482		10,440		34,904
Charge for the financial year	0		13,825		2,434		16,259
Disposals	( 2,583)		0		( 2,011)		( 4,594)
At 31 January 2026	1,399		34,307		10,863		46,569
Net book value
At 31 January 2026	0		124,423		7,704		132,127
At 31 January 2025	0		138,248		4,180		142,428
Leased assets included above:
Net book value
At 31 January 2026	0		124,423		0		124,423
At 31 January 2025	0		177,822		0		177,822

5. Debtors

	2026		2025
	£		£
Amounts owed by directors	2,991		0
Other debtors	11,452		7,903
	14,443		7,903

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Amounts owed to directors	0		3,002
Accruals	3,600		2,700
Taxation and social security	439,502		533,958
Obligations under finance leases and hire purchase contracts	24,240		20,380
Other creditors	2,386		0
	469,728		560,040

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Obligations under finance leases and hire purchase contracts	53,608		77,848

8. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 332,441)		( 24,515)
Credited/(charged) to the Statement of Income and Retained Earnings	299,407		( 307,926)
At the end of financial year	( 33,034)		( 332,441)

The deferred taxation balance is made up as follows:

	2026		2025
	£		£
Accelerated capital allowances	( 33,362)		( 332,441)
Other timing differences	328		0
	( 33,034)		( 332,441)

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each	50		50
50 Ordinary B shares of £ 1.00 each	50		50
	100		100

10. Financial commitments

Pensions

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension costs charges represent contributions payable by the Company to the fund amounted to £222,747 (2025 - £191,793). Contributions totalling £1,313 (2025 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

11. Related party transactions

**Jonathan Simons**
(Director)
During the year, the company provided the director with an interest free loan . The amount due by the director at the balance sheet date is £2,342 (2025: due to the director £1,252).

**Joseph Palmer**
(Director)
During the year, the company provided the director with an interest free loan . The amount due by the director at the balance sheet date is £648 (2025: due to the director £1,750).

12. Hire purchase and finance leases

Minimum lease payments under hire purchase fall due as follows:

	2026		2025
	£		£
Within one year	24,240		20,380
Between 1-5 years	53,608		77,848
	77,848		98,228

13. Ultimate controlling party

During the year, the Company’s shareholders transferred their shareholdings to holding companies. The ultimate controlling parties of the Company remain unchanged and continue to be Mr J Simons and Mr J Palmer, by virtue of their interests in the relevant holding companies.