REGISTERED NUMBER: 07872079 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

FOR

ARTIFICIAL GRASS DIRECT LTD

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTORS:

Mr J A Teekens

Mr M R Vogel

REGISTERED OFFICE:

Exton Block

Ironstone Lane

Market Overton

Oakham

LE15 7TP

REGISTERED NUMBER:

07872079 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

The directors present their report with the financial statements of the company for the year ended 30 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the supply of artificial turf products. The Company ceased trading after the reporting date as described in Note 13 to the financial statements.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors who have held office during the period from 31 December 2024 to the date of this report are as follows:

Mr J N G Penninck - resigned 4 June 2025

Mr J A Teekens - appointed 4 June 2025

Mr M R Vogel - appointed 4 June 2025

NET LIABILITIES

At 30 December 2025 the Company had net liabilities of £250,973. The Company ceased trading after the reporting date and will rely on financial support from the group to meet its obligations as they fall due. The Directors have received written confirmation from TenCate Grass Holding B.V. that such support will be provided for at least 12 months from the date of approval of the financial statements and have therefore prepared the financial statements on a going concern basis.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr J A Teekens - Director

30 April 2026

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,379

4,999

4,379

4,999

CURRENT ASSETS

Debtors

6

69,444

70,146

Cash at bank and in hand

17,719

20,829

87,163

90,975

CREDITORS

Amounts falling due within one year

7

342,515

394,211

NET CURRENT LIABILITIES

(255,352

)

(303,236

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(250,973

)

(298,237

)

CREDITORS

Amounts falling due after more than one year

8

-

10,417

NET LIABILITIES

(250,973

)

(308,654

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(251,073

)

(308,754

)

SHAREHOLDERS' FUNDS

(250,973

)

(308,654

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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.

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 Board of Directors and authorised for issue on 30 April 2026 and were signed on its behalf by:

Mr J A Teekens - Director

Mr M R Vogel - Director

1.	STATUTORY INFORMATION

Artificial Grass Direct 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.

Going concern

Following the reporting date, the Company ceased trading and its activities were transferred to another group undertaking as part of a group reorganisation. The Company is not expected to undertake further trading activities.

The Company has net liabilities at the reporting date and will rely on financial support from its parent undertaking and the wider group to enable it to settle its liabilities as they fall due.

The Directors have received written confirmation from TenCate Grass Holding B.V., an intermediate parent undertaking within the group, that it will provide financial support to the Company for a period of at least 12 months from the date of approval of these financial statements.

On this basis, the Directors have a reasonable expectation that the Company will be able to meet its obligations as they fall due for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is wholly attributable to the principle activity of the Company and has arisen within the United Kingdom and Europe. Turnover relates to the sale of goods and provision of installation services.

For the supply of goods, turnover is recognised when the goods are physically delivered to the customer. For installation, turnover is recognised by reference to the stage of completion of the installation project.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of two years.

Tangible fixed assets

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

Plant & machinery

-

25% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 31 December 2024

and 30 December 2025

10,350

AMORTISATION

At 31 December 2024

and 30 December 2025

10,350

NET BOOK VALUE

At 30 December 2025

-

At 30 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant &

Fixtures

Computer

machinery

& fittings

equipment

Totals

£

£

£

£

COST

At 31 December 2024

and 30 December 2025

951

18,469

13,921

33,341

DEPRECIATION

At 31 December 2024

686

13,770

13,886

28,342

Charge for year

31

555

34

620

At 30 December 2025

717

14,325

13,920

28,962

NET BOOK VALUE

At 30 December 2025

234

4,144

1

4,379

At 30 December 2024

265

4,699

35

4,999

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,314

26,877

Amounts owed by group undertakings

29,756

29,756

VAT

11,784

7,652

Prepayments and accrued income

8,590

5,861

69,444

70,146

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

14,583

25,000

Trade creditors

8,678

10,098

Amounts owed to group undertakings

241,065

286,701

Social security and other taxes

75,756

64,856

Other creditors

2,433

1,727

Accrued expenses

-

5,829

342,515

394,211

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

10,417

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

14,583

35,417

Santander UK Plc have fixed and floating charge over the undertaking and all property and assets present and future dated 22nd February 2019.

10.	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.

11.	POST BALANCE SHEET EVENTS

Following the reporting date, the Company ceased trading as part of a group reorganisation and its activities were transferred to another group undertaking.

These events occurred after the reporting period and are considered non-adjusting events and have not been reflected in the figures included in these financial statements.

12.	ULTIMATE CONTROLLING PARTY

At the balance sheet date, the Company’s immediate parent undertaking was Evergreens (UK) Ltd, a company incorporated in England and Wales.

The Company forms part of a wider group headed by Touchdown Topco LP, a limited partnership incorporated in the United States of America, which is the Company’s ultimate controlling party.