Company No: 05003641 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2025		31.12.2024
		£		£
Fixed assets
Intangible assets	3	335,680		379,733
Tangible assets	4	170,984		66,718
		506,664		446,451
Current assets
Stocks		726,416		393,110
Debtors	5	454,891		591,249
Cash at bank and in hand		257,189		192,621
		1,438,496		1,176,980
Creditors: amounts falling due within one year	6	( 1,592,576)		( 1,393,043)
Net current liabilities		(154,080)		(216,063)
Total assets less current liabilities		352,584		230,388
Creditors: amounts falling due after more than one year	7	( 16,036)		0
Provision for liabilities		( 42,000)		( 15,500)
Net assets		294,548		214,888
Capital and reserves
Called-up share capital	8	200		200
Share premium account		149,900		149,900
Profit and loss account		144,448		64,788
Total shareholder's funds		294,548		214,888

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

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Pinnacle Plants International Ltd (registered number: 05003641) were approved and authorised for issue by the Board of Directors on 15 May 2026. They were signed on its behalf by:

Mr E Marley Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Pinnacle Plants International Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is Stourbank Nursery, Ham Lane, Hampreston, Dorset, BH21 7LS.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Change in accounting estimate

The depreciation policy for Plant & Machinery was changed during the year from 5 years on a straight line basis to be depreciated over the leasehold property term. This leasehold term ends on 31 July 2030.

The above changes in accounting estimates have resulted in a reduced depreciation charge of £1,072 in the Statement of Income and Retained Earnings. The above changes have also resulted in an increase in the carried forward net book value of £1,072.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Turnover in respect of goods shipped to customers outside of the United Kingdom is recognised on dispatch.

Turnover in respect of goods shipped to customers within the United Kingdom is recognised on delivery to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Computer software	4 years straight line
Website costs	4 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Plant and machinery	5 years straight line
Vehicles	5 years straight line
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

2. Employees

	Year ended 31.12.2025		Period from 01.11.2023 to 31.12.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	16		7

3. Intangible assets

	Goodwill		Computer software		Website costs		Total
	£		£		£		£
Cost
At 01 January 2025	424,702		2,957		3,370		431,029
At 31 December 2025	424,702		2,957		3,370		431,029
Accumulated amortisation
At 01 January 2025	49,549		862		885		51,296
Charge for the financial year	42,470		740		843		44,053
At 31 December 2025	92,019		1,602		1,728		95,349
Net book value
At 31 December 2025	332,683		1,355		1,642		335,680
At 31 December 2024	375,153		2,095		2,485		379,733

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 January 2025	22,537		35,268		11,194		7,622		76,621
Additions	0		103,611		20,068		9,958		133,637
At 31 December 2025	22,537		138,879		31,262		17,580		210,258
Accumulated depreciation
At 01 January 2025	3,380		4,023		373		2,127		9,903
Charge for the financial year	4,508		16,390		4,585		3,888		29,371
At 31 December 2025	7,888		20,413		4,958		6,015		39,274
Net book value
At 31 December 2025	14,649		118,466		26,304		11,565		170,984
At 31 December 2024	19,157		31,245		10,821		5,495		66,718

5. Debtors

	31.12.2025		31.12.2024
	£		£
Trade debtors	412,524		344,751
Amounts owed by fellow subsidiaries	22,500		22,500
Prepayments and accrued income	13,426		30,561
VAT recoverable	3,114		2,226
Other debtors	3,327		191,211
	454,891		591,249

6. Creditors: amounts falling due within one year

	31.12.2025		31.12.2024
	£		£
Trade creditors	424,451		164,045
Amounts owed to Group undertakings	1,022,905		975,980
Amounts owed to directors	1,271		472
Accruals	11,966		13,236
Taxation and social security	37,564		151,338
Obligations under finance leases and hire purchase contracts (secured)	9,163		0
Other creditors	85,256		87,972
	1,592,576		1,393,043

At the balance sheet date the company had hire purchase liabilities of £25,199 (2024: £nil), of which £9,163 falls due within one year and £16,036 after more than one year. The liabilities are secured by a charge over the related asset, which remains subject to the hire purchase agreement until settlement.

7. Creditors: amounts falling due after more than one year

	31.12.2025		31.12.2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	16,036		0

8. Called-up share capital

	31.12.2025		31.12.2024
	£		£
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each	200		200

9. Financial commitments

Commitments

	31.12.2025		31.12.2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	32,250		41,250

10. Ultimate controlling party

Parent Company:

Tresco Holdings Ltd

Centenary House Peninsula Park Rydon Lane Exeter EX2 7XE