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Registration number: 02280902

Bermad UK Limited
Filleted Financial Statements
for the Year Ended 31 December 2025

Bermad UK Limited

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 7

Bermad UK Limited

(Registration number: 02280902)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 280,102 | 299,412
Current assets |  |  |
Stocks | 5 | 1,108,575 | 1,066,908
Debtors | 6 | 1,799,260 | 1,137,038
Cash at bank and in hand |  | 1,507,248 | 429,778
|  | 4,415,083 | 2,633,724
Creditors: Amounts falling due within one year | 7 | (2,934,806) | (1,201,966)
Net current assets |  | 1,480,277 | 1,431,758
Total assets less current liabilities |  | 1,760,379 | 1,731,170
Provisions for liabilities |  | (7,324) | (9,688)
Net assets |  | 1,753,055 | 1,721,482
Capital and reserves |  |  |
Called up share capital |  | 5,000 | 5,000
Retained earnings |  | 1,748,055 | 1,716,482
Shareholders' funds |  | 1,753,055 | 1,721,482

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 May 2026 and signed on its behalf by:

......................................... R P Pascoe Company secretary and director

Bermad UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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.

The financial statements are presented in Sterling (£) and rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report 14 May 2026 was Dean Blunden BFP FCA, who signed for and on behalf of UHY Ross Brooke.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of water control products in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Transfer pricing

The company makes a transfer pricing adjustment using the Transactional Net Margin Method to maintain the arm's length character of the company's transactions with fellow group members. This method is based upon analysis of comparable companies to determine a suitable margin. The adjustment in the current period resulted in a increase in the company's profits of £158,527 (2024: decrease of £181,631).

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilites denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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

Bermad UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible 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

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:

Asset class | Depreciation method and rate
Fixtures and fittings | 30% reducing balance basis
Plant and machinery | 30% reducing balance basis
Land and buildings | 40 years straight line
Motor vehicles | 25% straight line basis

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.

Debtors

Trade debtors are amounts due from customers for water control products sold in the ordinary course of business.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Bermad UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2024 - 12).

Bermad UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2025 | 394,182 | 28,957 | 281,152 | 21,252 | 26,291 | 751,834
Additions | - | 1,167 | 4,371 | - | - | 5,538
At 31 December 2025 | 394,182 | 30,124 | 285,523 | 21,252 | 26,291 | 757,372
Depreciation
At 1 January 2025 | 133,523 | 12,905 | 267,245 | 21,252 | 17,497 | 452,422
Charge for the year | 9,854 | 4,845 | 5,265 | - | 4,884 | 24,848
At 31 December 2025 | 143,377 | 17,750 | 272,510 | 21,252 | 22,381 | 477,270
Carrying amount
At 31 December 2025 | 250,805 | 12,374 | 13,013 | - | 3,910 | 280,102
At 31 December 2024 | 260,659 | 16,052 | 13,907 | - | 8,794 | 299,412

Included within the net book value of land and buildings above is £250,805 (2024 - £260,659) in respect of freehold land and buildings.

Bermad UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 1,108,575 | 1,066,908

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 1,381,555 | 883,106
Prepayments | 395,556 | 226,390
Other debtors | 22,149 | 27,542
| 1,799,260 | 1,137,038

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 58,071 | 38,719
Amounts owed to group undertakings | 2,157,233 | 790,111
Taxation and social security | 297,124 | 150,027
Other creditors | 422,378 | 223,109
| 2,934,806 | 1,201,966

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £43,166 (2024 - £66,385). This figure relates to company vehicle lease commitments.

Bermad UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

9 | Related party transactions

Summary of transactions with parent
The company has taken advantage of the exemption provided within FRS 102 not to disclose related party transactions with wholly owned subsidiaries within the group.

Loans to related parties

2025 | Directors Loan Account £ | Total £
At start of period | 5,174 | 5,174
Advanced | 1,640 | 1,640
At end of period | 6,814 | 6,814

2024 | Directors Loan Account £ | Total £
At start of period | 5,174 | 5,174
At end of period | 5,174 | 5,174

10 | Controlling party

BWM Holdings Limited is the immediate parent company, with Bermad CS Ltd being the ultimate parent company. Bermad CS Ltd is the parent of the largest group in which the results of the company are consolidated.
The registered office of the ultimate parent company is Kibbutz EVRON, 2280800 Israel.