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REGISTERED NUMBER: 03839929 (England and Wales)

Financial Statements

for the Year Ended 31 October 2025

for

Jointine Products (Lincoln) Limited

| Jointine Products (Lincoln) Limited (Registered number: 03839929) |

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

| Company Information | 1 |

| Abridged Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Jointine Products (Lincoln) Limited |

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | Mr T J Coffey

| Mrs M Coffey

| Mrs J A Cullen

| Mr C A Ramsay

| SECRETARY: | Mrs M Coffey

| REGISTERED OFFICE: | Station Road

| North Hykeham

| LINCOLN

| Lincolnshire

| LN6 9AU

| REGISTERED NUMBER: | 03839929 (England and Wales)

| ACCOUNTANTS: | Nicholsons

| Chartered Accountants

| Newland House

| The Point

| Weaver Road

| LINCOLN

| Lincolnshire

| LN6 3QN

| BANKERS: | NatWest Corporate and Commercial Banking

| 3rd Floor

| General Buildings

| Brayford Wharf East

| LINCOLN

| Lincolnshire

| LN5 7DS

| Jointine Products (Lincoln) Limited (Registered number: 03839929) |

Abridged Statement of Financial Position

31 October 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1,176 |  | 1,618 |  |

Tangible assets | 5 | 296,699 |  | 303,987 |  |

297,875 |  | 305,605 |  |

CURRENT ASSETS

Stocks | 419,950 |  | 547,422 |  |

Debtors | 707,345 |  | 761,949 |  |

Cash at bank and in hand | 645,379 |  | 684,948 |  |

1,772,674 |  | 1,994,319 |  |

CREDITORS

Amounts falling due within one year | 217,423 |  | 360,302 |  |

NET CURRENT ASSETS | 1,555,251 |  | 1,634,017 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,853,126 |  | 1,939,622 |  |

PROVISIONS FOR LIABILITIES | 64,691 |  | 64,797 |  |

NET ASSETS | 1,788,435 |  | 1,874,825 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Share premium | 204,000 |  | 204,000 |  |

Retained earnings | 1,583,435 |  | 1,669,825 |  |

SHAREHOLDERS' FUNDS | 1,788,435 |  | 1,874,825 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| Jointine Products (Lincoln) Limited (Registered number: 03839929) |

Abridged Statement of Financial Position - continued

31 October 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2026 and were signed on its behalf by:

Mr T J Coffey - Director

Mrs J A Cullen - Director

| Jointine Products (Lincoln) Limited (Registered number: 03839929) |

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Jointine Products (Lincoln) Limited 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.

| Goodwill

| Acquired goodwill is written off in equal instalments over its estimated useful economic life of 10 years.

| Intellectual property

| Intellectual property is written off in equal instalments over its useful economic life of 5 years.

| Tangible fixed assets

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

| Short leasehold | - | Straight line over 15 years

| Plant and machinery | - | Straight line over 20 years

| Fixtures and fittings | - | 25% on reducing balance

| Stock and work in progress

| Stock and work in progress are valued at the lower of cost and net realisable value. Cost is computed on a first in first out basis.

| The cost of work in progress and finished goods includes all production overheads and depreciation and the attributable proportion of indirect overheads based on the normal level of activity.

| Net realisable value is based on estimated selling price less the estimated cost of disposal.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

| Jointine Products (Lincoln) Limited (Registered number: 03839929) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

| Leasing commitments

| Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

| Pension costs and 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.

| Debtors

| The company assigned its trade debts to a factor and received payments from the factor in respect of the assigned debts but retained all significant risks. Trade debtors and amounts received from the factor were separately disclosed in debtors respectively. All interest and factoring costs were charged to income as they accrued. Factored debts ceased in the current year.

| Financial instruments

| Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

| Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

| Cash at bank is classified as a basic financial instrument and is measured at transaction price.

| Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

| Jointine Products (Lincoln) Limited (Registered number: 03839929) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 20 (2024 - 21 ) .

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 9,585 |  |

| AMORTISATION

| At 1 November 2024 | 7,967 |  |

| Amortisation for year | 442 |  |

| At 31 October 2025 | 8,409 |  |

| NET BOOK VALUE

| At 31 October 2025 | 1,176 |  |

| At 31 October 2024 | 1,618 |  |

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 November 2024 | 767,402 |  |

| Additions | 32,694 |  |

| Disposals | (13,006 | ) |

| At 31 October 2025 | 787,090 |  |

| DEPRECIATION

| At 1 November 2024 | 463,415 |  |

| Charge for year | 33,310 |  |

| Eliminated on disposal | (6,334 | ) |

| At 31 October 2025 | 490,391 |  |

| NET BOOK VALUE

| At 31 October 2025 | 296,699 |  |

| At 31 October 2024 | 303,987 |  |

| Jointine Products (Lincoln) Limited (Registered number: 03839929) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

6. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 132,681 |  | 131,953 |  |

| Between one and five years | 476,531 |  | 488,211 |  |

| In more than five years | - |  | 121,000 |  |

609,212 |  | 741,164 |  |