FOR THE YEAR ENDED 31 DECEMBER 2025
ST EVAL CANDLE CO LTD
COMPANY INFORMATION
ST EVAL CANDLE CO LTD
CONTENTS
ST EVAL CANDLE CO LTD
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The Directors present their annual report together with the audited financial statements of the Company for the
year 1 January 2025 to 31 December 2025.
The principal activity of the Company continues to be the manufacture and sale of candles, diffusers and home fragrance products.
Our purpose is to create an environment that enriches people’s lives. We do this by crafting moments of joy, contemplation and reflection for our customers, creating a great place to work for our people, and by making a positive contribution to the communities in which we operate. Guided by a triple bottom line philosophy, we balance people, planet, and profit in our decision-making, ensuring sustainable growth and a business built to last.
The year ended 31 December 2025 was one in which we made significant progress in delivering against this purpose across all three dimensions – through strong commercial growth, continued investment in our people and working environment, and deepening our commitment to sustainable operations.
year 1 January 2025 to 31 December 2025.
The principal activity of the Company continues to be the manufacture and sale of candles, diffusers and home fragrance products.
Our purpose is to create an environment that enriches people’s lives. We do this by crafting moments of joy, contemplation and reflection for our customers, creating a great place to work for our people, and by making a positive contribution to the communities in which we operate. Guided by a triple bottom line philosophy, we balance people, planet, and profit in our decision-making, ensuring sustainable growth and a business built to last.
The year ended 31 December 2025 was one in which we made significant progress in delivering against this purpose across all three dimensions – through strong commercial growth, continued investment in our people and working environment, and deepening our commitment to sustainable operations.
The net assets at the end of the year amounted to £5,681,593. Key trading highlights are summarised below:
The directors have performed an assessment of the ability of the business to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements. A cash flow forecast up to the period ending 30 April 2027 has been prepared. This forecast has considered the possible impact of a continued cost of living crisis, a possible shallow recession and the potential effects of geopolitical instability on input costs.
The scenario modelled determined that the business has sufficient cash and access to funding to continue operating until the end of April 2027. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
The scenario modelled determined that the business has sufficient cash and access to funding to continue operating until the end of April 2027. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
During the financial year, we invested significantly in our factory, upgrading our original factory building, adding battery energy storage systems (BESS) and additional solar panels, as well as new manufacturing machinery. Cornwall Council provided a matched funding grant, accessed through the UK Shared Prosperity Fund, to help fund this capital expenditure.
The investment has further improved the working environment for our team, increased our ability to generate and store our own energy – reducing both our carbon footprint and our exposure to energy price volatility – and the new machinery has improved production capacity and efficiency.
The investment has further improved the working environment for our team, increased our ability to generate and store our own energy – reducing both our carbon footprint and our exposure to energy price volatility – and the new machinery has improved production capacity and efficiency.
Our team is central to everything we achieve. As a certified B Corporation, we are committed to creating a great place to work for our people. During 2025 we continued to invest in training and development, improved working conditions as part of the factory upgrade programme, and strengthened our internal communications.
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ST EVAL CANDLE CO LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Company’s focus during 2026 will be to continue growing sales across all channels whilst protecting margins. Specific priorities include the continued development of new products to refresh and extend our market offering, and further investment in our digital and operational infrastructure.
The management of the business and the nature of the market we operate in are subject to a number of risks. The directors have set out the principal risks facing the business below.
Recession / Cost of Living Crisis
Ongoing geopolitical instability, particularly in the Middle East, continues to generate uncertainty in the UK economy, with inflationary pressures, elevated interest rates and potential energy price shocks remaining distinct possibilities. Our sector has historically shown relative resilience during economic downturns, and our diversified routes to market and broad product range position us well to navigate potential softening in consumer demand.
Competition
Competition is strong across both B2B and direct-to-consumer channels, with several new entrants competing in the mid-market space. However, St Eval’s commitment to quality, brand identity and customer service has enabled the Company to maintain and grow its market position through previous cycles, and we expect this to continue.
Raw Materials and Supply Chain
The Company’s key input costs, including wax, fragrance oils and packaging, are exposed to commodity price movements driven by geopolitical events. Supply chain disruption and price inflation remain material risks for 2026. The Company continues to manage this exposure through established procurement routines, forward purchasing where appropriate, supplier diversification and regular scenario planning to stress-test margin resilience.
Cyber Security
We are aware of the increasing threat of a cyber security breach. We proactively manage this threat through regular audits, policy deployment and ongoing training.
Extreme Weather
We continue to develop our site so it can cope with warmer and wetter seasons. Our investment in batteries and renewable energy generation also mitigates the impact of power outages and contributes to our broader sustainability goals.
Recession / Cost of Living Crisis
Ongoing geopolitical instability, particularly in the Middle East, continues to generate uncertainty in the UK economy, with inflationary pressures, elevated interest rates and potential energy price shocks remaining distinct possibilities. Our sector has historically shown relative resilience during economic downturns, and our diversified routes to market and broad product range position us well to navigate potential softening in consumer demand.
Competition
Competition is strong across both B2B and direct-to-consumer channels, with several new entrants competing in the mid-market space. However, St Eval’s commitment to quality, brand identity and customer service has enabled the Company to maintain and grow its market position through previous cycles, and we expect this to continue.
Raw Materials and Supply Chain
The Company’s key input costs, including wax, fragrance oils and packaging, are exposed to commodity price movements driven by geopolitical events. Supply chain disruption and price inflation remain material risks for 2026. The Company continues to manage this exposure through established procurement routines, forward purchasing where appropriate, supplier diversification and regular scenario planning to stress-test margin resilience.
Cyber Security
We are aware of the increasing threat of a cyber security breach. We proactively manage this threat through regular audits, policy deployment and ongoing training.
Extreme Weather
We continue to develop our site so it can cope with warmer and wetter seasons. Our investment in batteries and renewable energy generation also mitigates the impact of power outages and contributes to our broader sustainability goals.
The Company uses various financial instruments, including loans and cash. The main purpose of these financial instruments is to raise finance for the Company’s operations.
The main risks arising from the Company’s financial instruments are credit and liquidity risk. The directors review and agree policies for managing each of these risks, summarised below.
Credit Risk
The Company’s principal credit risk arises from trade accounts, which are given credit terms (retail customers are not given credit terms). To manage credit risk, the Company sets limits for trade customers based on a combination of credit checks and payment history. Credit limits are reviewed by the finance team regularly using debt ageing and collection history.
Liquidity Risk
The directors seek to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and prudently.
The main risks arising from the Company’s financial instruments are credit and liquidity risk. The directors review and agree policies for managing each of these risks, summarised below.
Credit Risk
The Company’s principal credit risk arises from trade accounts, which are given credit terms (retail customers are not given credit terms). To manage credit risk, the Company sets limits for trade customers based on a combination of credit checks and payment history. Credit limits are reviewed by the finance team regularly using debt ageing and collection history.
Liquidity Risk
The directors seek to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and prudently.
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ST EVAL CANDLE CO LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
See details provided in the Business Review.
This report was approved by the board on 5 May 2026 and signed on its behalf.
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ST EVAL CANDLE CO LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
The profit for the year, after taxation, amounted to £523,488 (2024: £465,352).
Dividends declared and paid during the year were £200,000 (2024: £200,000). The trading results for the year and the Company's financial position are shown in the attached financial statements.
The directors who served during the year were:
Details of future developments are provided in the Strategic Report.
Details of financial instruments are provided in the Strategic Report.
The directors have documented their going concern assessment in the strategic report and the directors
consider it appropriate to prepare the financial statements on a going concern basis.
consider it appropriate to prepare the financial statements on a going concern basis.
The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
There have been no significant events affecting the Company since the year end.
The auditors, Bishop Fleming Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
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ST EVAL CANDLE CO LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
This report was approved by the board and signed on its behalf.
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ST EVAL CANDLE CO LTD
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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ST EVAL CANDLE CO LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST EVAL CANDLE CO LTD
We have audited the financial statements of St Eval Candle Co Ltd (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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ST EVAL CANDLE CO LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST EVAL CANDLE CO LTD (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.
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ST EVAL CANDLE CO LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST EVAL CANDLE CO LTD (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙We have considered the nature of the industry and sector, control environment and business performance;
∙We have considered the results of our enquiries of management about their own identification and assessment of the risks of irregularities;
∙Any matters identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:
°Identifying, evaluation and complying with laws and regulations and whether they were aware of any instances of non-compliance;
°Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
°The internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and
∙We have considered the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the highest area of risk to be in relation to revenue recognition, with a particular risk in relation to year-end cut off.
In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006, Financial Reporting Standard 102 and UK tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements, but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty. These included consumer protection regulations, data protection regulations, occupational health and safety regulations and employment legislation.
Our procedures to respond to the risks identified included the following:
In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006, Financial Reporting Standard 102 and UK tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements, but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty. These included consumer protection regulations, data protection regulations, occupational health and safety regulations and employment legislation.
Our procedures to respond to the risks identified included the following:
∙Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements.
∙Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
∙Enquiring of management in relation to actual and potential claims or litigations or areas of non-compliance with laws and regulations;
∙Performing detailed testing in relation to the recognition of revenue, with a particular focus around year-end cut off; and
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ST EVAL CANDLE CO LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST EVAL CANDLE CO LTD (CONTINUED)
∙In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all members of the engagement team and remained alert to any possible indications of fraud or non-compliance with laws and regulations throughout the audit.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditors
Chy Nyverow
Newham Road
Cornwall
TR1 2DP
6 May 2026
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ST EVAL CANDLE CO LTD
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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ST EVAL CANDLE CO LTD
REGISTERED NUMBER:04540135
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 15 to 28 form part of these financial statements.
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ST EVAL CANDLE CO LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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ST EVAL CANDLE CO LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
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ST EVAL CANDLE CO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
St Eval Candle Co Ltd is a private company limited by shares incorporated in England and Wales. The
registered office is Engollan, St. Eval, Wadebridge, Cornwall, United Kingdom, PL27 7UL.
registered office is Engollan, St. Eval, Wadebridge, Cornwall, United Kingdom, PL27 7UL.
2.ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The directors have performed an assessment of the ability of the business to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements. A cash flow forecast up to the period ending 30th April 2027 has been prepared. This forecast has considered the possible impact of a continued cost of living crisis and a possible shallow recession. The scenario modelled determined that the business has sufficient cash to continue operating until the end of April 2027. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Functional and presentation currency
Transactions and balances
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ST EVAL CANDLE CO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.
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ST EVAL CANDLE CO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
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ST EVAL CANDLE CO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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ST EVAL CANDLE CO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
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 third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an 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.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an 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.
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ST EVAL CANDLE CO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Depreciation period for tangible fixed assets
Depreciation is estimated, based upon the estimated useful economic life and residual value of assets.
Stock Provision
A stock provision should be recognised when net realisable value falls below cost.
Bad Debt Provision
A bad debt provision should be recognised where management deem trade debtor amounts irrecoverable.
Analysis of turnover by country of destination:
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ST EVAL CANDLE CO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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ST EVAL CANDLE CO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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ST EVAL CANDLE CO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
12.TAXATION (CONTINUED)
There were no factors that may affect future tax charges.
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