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COMPANY REGISTRATION NUMBER: 02985506

Fytertech Nonwovens Limited

Filleted Financial Statements

31 December 2025

Fytertech Nonwovens Limited

Statement of Financial Position

31 December 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 155,284 | 243,313

Current assets

Stocks | 620,628 |  | 667,993
Debtors | 6 | 2,722,050 |  | 2,462,226
Cash at bank and in hand | 886,052 |  | 376,665
| ------------ |  | ------------
| 4,228,730 |  | 3,506,884

Creditors: amounts falling due within one year | 7 | ( 1,066,569) |  | ( 932,116)
| ------------ |  | ------------
Net current assets |  | 3,162,161 | 2,574,768
|  | ------------ | ------------
Total assets less current liabilities |  | 3,317,445 | 2,818,081

Provisions

Taxation including deferred tax |  | ( 22,456) | ( 41,697)
|  | ------------ | ------------
Net assets |  | 3,294,989 | 2,776,384
|  | ------------ | ------------

Capital and reserves

Called up share capital |  | 2,074,839 | 2,074,839
Share premium account |  | 3,080 | 3,080
Profit and loss account |  | 1,217,070 | 698,465
|  | ------------ | ------------
Shareholders funds |  | 3,294,989 | 2,776,384
|  | ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

M L Wild
Director

Company registration number: 02985506

Fytertech Nonwovens Limited

Notes to the Financial Statements

Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, London, WC2H 7DQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In the Directors opinion based on current budgets, positive cash balances and its working capital requirements, the company has sufficient funds to meet its liabilities for at least twelve months from approval of these accounts. The company will also continue to rely on on-going support from its ultimate controlling party.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Judgement is applied in the selection of a fixed asset depreciation policy, but this is considered to be in line with industry-standard and not to represent any risk to the financial statements as presented. Provisions against doubtful debts are made where required, but on the basis of underlying commercial substance of balances outstanding. Provision is made for obsolete stock items where appropriate. There are no areas involving a higher degree of judgement or complexity, or further areas where assumptions and estimates are significant to the financial information.
Revenue recognition
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 transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 25% straight line
| Fixtures and fittings | - | 10% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. The cost of stock is measured on a weighted average basis, in accordance with FRS 102.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 30 (2024: 28 ).
5. Tangible assets

| Plant and machinery | Fixtures and fittings | Total
| £ | £ | £
Cost |  |  |
At 1 January 2025 and 31 December 2025 | 883,303 | 193,150 | 1,076,453
| --------- | --------- | ------------
Depreciation |  |  |
At 1 January 2025 | 705,363 | 127,777 | 833,140
Charge for the year | 71,968 | 16,061 | 88,029
| --------- | --------- | ------------
At 31 December 2025 | 777,331 | 143,838 | 921,169
| --------- | --------- | ------------
Carrying amount |  |  |
At 31 December 2025 | 105,972 | 49,312 | 155,284
| --------- | --------- | ------------
At 31 December 2024 | 177,940 | 65,373 | 243,313
| --------- | --------- | ------------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 1,581,750 | 1,429,339
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 989,204 | 908,591
Other debtors | 151,096 | 124,296
| ------------ | ------------
| 2,722,050 | 2,462,226
| ------------ | ------------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 580,194 | 549,863
Corporation tax | 113,476 | 77,388
Social security and other taxes | 88,020 | 58,150
Other creditors | 284,879 | 246,715
| ------------ | ---------
| 1,066,569 | 932,116
| ------------ | ---------

8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 276,000 | 179,250
Later than 1 year and not later than 5 years | 207,000 | –
| --------- | ---------
| 483,000 | 179,250
| --------- | ---------

9. Contingent liabilities
Charges have been made against the company in favour of the following parties to secure their interests in the activity of the company: BMO Harris Bank N.A.
10. Summary audit opinion
The auditor's report dated 1 May 2026 was unqualified .
The senior statutory auditor was Terrence Bourne , for and on behalf of Moore Kingston Smith LLP .
11. Related party transactions
At the year end the amount owed by FyterTech Nonwovens LLC , a company owned by the ultimate parent entity, was £989,204 (2024: £908,591).
12. Controlling party
The ultimate controlling party is FyterTech Holdings Inc , a company incorporated in United States of America. The registered address of FyterTech Holdings Inc is C/O Wisconsin Services, LLC, 200 S. Washington St., Suite 100, Green Bay, WI 54301 .