REGISTERED NUMBER: 11641173 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2025

FOR

HARGASSNER BIOMASS HEATING LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

D C Hardwicke

H Schwarz

C Siessl

Registered office:

215b Holme Lacy Road

Hereford

HR2 6BQ

Registered number:

11641173 (England and Wales)

Fixed assets

Tangible assets

4

107,440

137,706

Current assets

Stocks

5

365,772

347,502

Debtors

6

157,500

213,003

Cash at bank and in hand

275,017

123,177

798,289

683,682

Creditors

Amounts falling due within one year

7

305,459

350,784

Net current assets

492,830

332,898

Total assets less current liabilities

600,270

470,604

Provisions for liabilities

8

26,900

34,500

Net assets

573,370

436,104

Capital and reserves

Called up share capital

9

10,000

10,000

Retained earnings

563,370

426,104

Shareholders' funds

573,370

436,104

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th April 2026 and were signed on its behalf by:

C Siessl - Director

1.	Statutory information

Hargassner Biomass Heating 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sales of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from resting, servicing and repair work is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to work performed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Tangible fixed assets are recognised in the balance sheet at cost less depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant & machinery

20% on cost

Fixtures & fittings

33% on cost

Motor vehicles

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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 group after deducing all of its liabilities.

Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs & other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees (including officers)

The average number of employees during the year was 13 (2024 - 12 ) .

4.	Tangible fixed assets

Plant &

Fixtures &

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1st January 2025

32,031

10,383

225,933

268,347

Additions

7,179

-

33,568

40,747

Disposals

-

-

(60,284

)

(60,284

)

At 31st December 2025

39,210

10,383

199,217

248,810

Depreciation

At 1st January 2025

14,272

9,938

106,431

130,641

Charge for year

7,370

445

39,843

47,658

Eliminated on disposal

-

-

(36,929

)

(36,929

)

At 31st December 2025

21,642

10,383

109,345

141,370

Net book value

At 31st December 2025

17,568

-

89,872

107,440

At 31st December 2024

17,759

445

119,502

137,706

5.

Stocks

31.12.25

31.12.24

£

£

Stocks

365,772

347,502

6.

Debtors: amounts falling due within one year

31.12.25

31.12.24

£

£

Trade debtors

41,191

47,334

Prepayments & accrued income

116,309

165,669

157,500

213,003

7.

Creditors: amounts falling due within one year

31.12.25

31.12.24

£

£

Trade creditors

12,373

15,133

Amounts owed to group undertakings

113,473

118,168

Corporation tax

54,100

36,200

Social security & other tax

83,535

57,888

Accruals & deferred income

41,978

123,395

305,459

350,784

8.	Provisions for liabilities

31.12.25

31.12.24

£

£

Deferred tax

26,900

34,500

Deferred tax

£

Balance at 1st January 2025

34,500

Utilised during year

(7,600

)

Balance at 31st December 2025

26,900

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

10,000

Ordinary

£1

10,000

10,000

10.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Chris Duckett (Senior Statutory Auditor)

for and on behalf of Chris Duckett (Audit) Limited

11.	Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments as at 31st December 2025.

12.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	Controlling party

The controlling party is Hargassner Industry GmbH, a company incorporated in Austria.

The ultimate controlling party is Hargassner Holding GmbH, a company incorporated in Austria.

Registered offices:

Anton Hargassner

Strasse 1

4952 Weng im Innkreis