REGISTERED NUMBER: 08568425 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BLASER GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

F L Hanner

REGISTERED OFFICE:

Unit 12 The Pines

The Pines Trading Estate

Broad Street

Guildford

GU3 3BH

REGISTERED NUMBER:

08568425 (England and Wales)

AUDITORS:

Hartley Fowler LLP

Statutory Auditors

Chartered Accountants

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

FIXED ASSETS

Tangible assets

4

35,815

48,145

CURRENT ASSETS

Stocks

5

1,594,325

2,231,261

Debtors

6

493,710

764,097

Cash at bank

302,363

386,952

2,390,398

3,382,310

CREDITORS

Amounts falling due within one year

7

277,578

2,716,039

NET CURRENT ASSETS

2,112,820

666,271

TOTAL ASSETS LESS CURRENT LIABILITIES

2,148,635

714,416

CREDITORS

Amounts falling due after more than one year

8

(1,997,259

)

(277,582

)

PROVISIONS FOR LIABILITIES

10

(5,270

)

(8,353

)

NET ASSETS

146,106

428,481

CAPITAL AND RESERVES

Called up share capital

11

50,000

50,000

Retained earnings

96,106

378,481

SHAREHOLDERS' FUNDS

146,106

428,481

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 director and authorised for issue on 6 May 2026 and were signed by:

F L Hanner - Director

1.	STATUTORY INFORMATION

Blaser Group Ltd 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 using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/ value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliable measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

- Motor vehicles - 25% reducing balance

- Fixtures, fittings and equipment - 25% reducing balance

- Leasehold improvements - 25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recongised immediately in Statement of Income and Retained Earnings.

Taxation

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in Statement of Income and Retained Earnings.

The current income tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reports date in the countries where the company operates and generates taxable income.

Foreign currency transactions and balances

Transactions in currencies other than the functions currency of the individual entities (foreign currencies) are recognised at the spot rate at the dates of the transactions, or at an average rate where this rate approximates the actual rate at the date of transaction. At th end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at the date.

Exchange difference are recognised in the Statement of Income and Retained Earnings in the period in which they arise.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transactions price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amoritsed cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

44,486

204,484

21,230

270,200

DEPRECIATION

At 1 January 2025

39,922

161,366

20,767

222,055

Charge for year

1,141

11,073

116

12,330

At 31 December 2025

41,063

172,439

20,883

234,385

NET BOOK VALUE

At 31 December 2025

3,423

32,045

347

35,815

At 31 December 2024

4,564

43,118

463

48,145

5.

STOCKS

2025

2024

£

£

Finished goods

1,594,325

2,231,261

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

405,410

723,543

Amounts owed by group undertakings

44,288

29,178

Other debtors

44,012

11,376

493,710

764,097

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

123,407

35,202

Amounts owed to group undertakings

83,401

2,625,303

Tax

-

(6,250

)

Social security and other taxes

10,115

7,937

VAT

12,061

21,086

Other creditors

1,887

2,233

Accruals and deferred income

46,707

30,528

277,578

2,716,039

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

1,997,259

277,582

Amounts owed to group undertakings relate to a formal loan agreement with the parent company, Blaser Group GmbH. During the year, existing intercompany trading balances were converted into this formal loan facility to regularise group financing.

The loan is repayable in a lump sum at the maturity date and is subject to an automatic rolling extension clause. Interest is payable quarterly at a variable rate linked to the 12-month EURIBOR plus a commercial margin.

The increase in the finance charge is attributable to the higher principal balance held following this restructuring. As at the year-end, the total balance due after more than one year was £1,997,259 (2024: £277,582).

9.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

131,335

134,775

Between one and five years

5,676

137,011

137,011

271,786

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

5,270

8,353

Deferred

tax

£

Balance at 1 January 2025

8,353

Provided during year

(3,083

)

Balance at 31 December 2025

5,270

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50,000

Ordinary Shares

£1

50,000

50,000

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

The Report of the Auditors was qualified on the following basis:

Basis for Qualified Opinion

The company's stock balance includes "Loan Sponsorship Stock" carried at a cost of £134,618. We were unable to obtain sufficient appropriate audit evidence regarding the existence of this stock because it is held by individuals at third-party locations. Furthermore, management has stated this stock solely at cost, which constitutes a departure from FRS 102, as the assets have not been measured at the lower of cost and net realisable value. Consequently, we were unable to determine whether any adjustments were necessary in respect of the existence and valuation of this stock, had the stock been written down to nil, the loss for the year would have increased, and net assets and shareholders' funds decreased by £134,618.

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 Auditor's 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 UK, including the FRC'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 qualified opinion.

Jonathan Askew (Senior Statutory Auditor)

for and on behalf of Hartley Fowler LLP

13.	PARENT AND ULTIMATE CONTROLLING PARTY

Blaser Group Ltd (UK) is a subsidiary of Blaser Group GmbH, which is incorporated in Germany. The ultimate parent entity of Blaser Group GmbH, and therefore the ultimate controlling party of the Group, is L&O Holding GmbH & Co. KG, also incorporated in Germany.