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Registration number: 14300826

DBL Developments (S.E) Ltd
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

DBL Developments (S.E) Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

DBL Developments (S.E) Ltd

Company Information

Directors | D M Ellis J T Straughan D J Boorman D J Turner

Registered office | 8 High Street Heathfield East Sussex TN21 8LS

Accountants | Manningtons 8 High Street Heathfield East Sussex TN21 8LS

DBL Developments (S.E) Ltd

(Registration number: 14300826)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 7,903 | 10,092
Current assets |  |  |
Stocks | 5 | 998,458 | 3,816,857
Debtors | 6 | 12,556 | 239,749
Cash at bank and in hand |  | 131,122 | 59,785
|  | 1,142,136 | 4,116,391
Creditors: Amounts falling due within one year | 7 | (10,460) | (35,945)
Net current assets |  | 1,131,676 | 4,080,446
Total assets less current liabilities |  | 1,139,579 | 4,090,538
Creditors: Amounts falling due after more than one year | 7 | (1,099,863) | (4,189,203)
Net assets/(liabilities) |  | 39,716 | (98,665)
Capital and reserves |  |  |
Retained earnings |  | 39,716 | (98,665)
Shareholders' funds/(deficit) |  | 39,716 | (98,665)

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 18 March 2026 and signed on its behalf by:

......................................... D M Ellis Director |  |

DBL Developments (S.E) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
8 High Street
Heathfield
East Sussex
TN21 8LS
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 presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

DBL Developments (S.E) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

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
Plant and Machinery | 25% reducing balance
Office Equipment | 3 years straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.
Trade creditors are recognised at the transaction price.

DBL Developments (S.E) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 September 2024 | 2,000 | 663 | 11,840 | 14,503
At 31 August 2025 | 2,000 | 663 | 11,840 | 14,503
Depreciation
At 1 September 2024 | - | 442 | 3,969 | 4,411
Charge for the year | - | 221 | 1,968 | 2,189
At 31 August 2025 | - | 663 | 5,937 | 6,600
Carrying amount
At 31 August 2025 | 2,000 | - | 5,903 | 7,903
At 31 August 2024 | 2,000 | 221 | 7,871 | 10,092

Included within the net book value of land and buildings above is £2,000 (2024 - £2,000) in respect of freehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 998,458 | 3,816,857

DBL Developments (S.E) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

6 | Debtors

| 2025 £ | 2024 £
Taxation and social security | 2,745 | 23,943
Prepayments | - | 174,134
Other debtors | 9,811 | 41,672
| 12,556 | 239,749

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 9,460 | 9,959
Accruals and deferred income | 1,000 | 1,000
Other creditors | - | 24,986
| 10,460 | 35,945

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 1,099,863 | 4,189,203

DBL Developments (S.E) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 1,099,863 | 4,189,203

9 | Related party transactions

Summary of transactions with other related parties

3D Developments (S.E.) Ltd
Coleman and Salmon Developments Ltd
Foxtail Holdings Ltd Interest free loans from each Holding Company

Loans from related parties

2025 | Other related parties £ | Total £
At start of period | 1,094,652 | 1,094,652
Advanced | 226,463 | 226,463
Repaid | (221,262) | (221,262)
At end of period | 1,099,853 | 1,099,853

2024 | Other related parties £ | Total £
At start of period | 1,060,589 | 1,060,589
Advanced | 41,063 | 41,063
Repaid | (7,000) | (7,000)
At end of period | 1,094,652 | 1,094,652