REGISTERED NUMBER: 00633961 (England and Wales)

KWI (UK) Limited

Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms H Gao

REGISTERED OFFICE:

Units 8 And 9

Cambrian Business Park

Mold

Flintshire

CH7 1NJ

REGISTERED NUMBER:

00633961 (England and Wales)

AUDITORS:

Salisbury & Company Business Solutions Limited

Statutory Auditors

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

FIXED ASSETS

Tangible assets

4

58,163

69,701

CURRENT ASSETS

Stocks

58,127

55,541

Debtors

5

673,959

61,689

Cash at bank and in hand

361,291

416,441

1,093,377

533,671

CREDITORS

Amounts falling due within one year

6

786,153

234,808

NET CURRENT ASSETS

307,224

298,863

TOTAL ASSETS LESS CURRENT LIABILITIES

365,387

368,564

PROVISIONS FOR LIABILITIES

3,269

-

NET ASSETS

362,118

368,564

CAPITAL AND RESERVES

Called up share capital

30,000

30,000

Retained earnings

332,118

338,564

362,118

368,564

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 director and authorised for issue on 19 May 2026 and were signed by:

Ms H Gao - Director

1.	STATUTORY INFORMATION

KWI (UK) 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.

Exemptions for qualifying entities under frs 102

FRS 102 allows a qualifying entity certain disclosure exemptions.

The company has taken advantage of the exemption, under FRS 102 paragraph 1.12(b), from preparing a statement of cash flows, on the basis that it is a qualifying entity and its ultimate parent company, Shanghai SafBon Water Service Co Ltd, includes the company's cash flows in its own consolidated financial statements.

The company has taken advantage of the exemption under FRS 102 paragraph 33.1A and discloses transactions with related parties which are not wholly owned within the same group. It does not disclose transactions with members of the same group that are wholly owned.

Consolidation and parent company information

The company's parent undertaking is KWI International Environmental Treatment GmbH, a company incorporated in Austria. The Company's ultimate parent undertaking is Shanghai SafBon Water Service Co Ltd, a company incorporated in China. Copies of the consolidated financial statements can be obtained from from Room 305, Section A, 3/F, Building 1, No 3424, Zhufeng Highway, Qingpu District, Shanghai, this being the registered office of the company.

These financial statements are the company's separate financial statements.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There were however no estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when all of the following conditions are satisfied:

(a) the significant risks and rewards of ownership have been transferred to the buyer;

(b) the company retains neither continuing managerial involvement nor effective control over the goods sold;

(c) the amount of revenue can be measured reliably;

(d) it is probable that future economic benefits will flow to the company; and

(e) the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Sale of goods

(i) Effluent Clarification Plant

The company supplies effluent clarification plant to end users. Customers may be required to pay a deposit on order; such deposits are recognised as liabilities until the relevant performance obligations are met. Revenue from the sale of plant is recognised when control of the goods transfers to the customer, which occurs either:

- on installation, where the company is responsible for installation; or

- on delivery, where the customer is responsible for installing the plant themselves.

Sales are made on credit terms typically ranging from 30 to 60 days from the end of the month of invoice, depending on credit scoring, customer history and contract value

(ii) Sale of Spares

Revenue from the sale of spare parts is recognised when the goods are delivered to the customer, which is the point at which control passes. Credit terms are normally 30 days from the end of the month of delivery.

Services

The company provides servicing and repair work on effluent clarification plants. Revenue from services is recognised in the accounting period in which the services are rendered. Services are supplied on the same credit terms as those applied to the sale of spare parts.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 33% on reducing balance, 25% on cost, 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and 10% on cost

Stocks

Stocks are stated at the lower of cost and the estimated selling price less costs to complete and sell. Cost

comprises direct materials and, where applicable, any other costs that have been incurred in bringing the

stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks

over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit or loss account. Reversals of impairment losses are also recognised in the profit and loss account.

Financial instruments

The company applies the provisions of Sections 11 Basic Financial Instruments and 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and financial liabilities are offset only when the company has a legally enforceable right to set off the recognised amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, including trade debtors and cash at bank, are initially measured at transaction price, including transaction costs, and are subsequently measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. Financial assets receivable within one year are not amortised.

Financial liabilities are classified according to the substance of the associated contractual arrangements. Basic financial liabilities, including trade creditors and accruals, are initially measured at transaction price and subsequently at amortised cost unless the arrangement constitutes a financing transaction, in which case the liability is measured at the present value of future payments discounted at a market rate of interest.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Deferred contract costs

Directly attributable costs relating to a specific contract are deferred when they are expected to be recovered. Such costs are capitalised when they are clearly associated with a particular contract and will be recognised in the same accounting period as the related revenue. Deferred contract costs are therefore charged to the profit and loss account when the corresponding revenue is recognised, which typically occurs when the plant is delivered or installed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

142,063

94,845

236,908

Additions

-

499

499

Disposals

-

(6,903

)

(6,903

)

At 31 December 2025

142,063

88,441

230,504

DEPRECIATION

At 1 January 2025

94,132

73,075

167,207

Charge for year

2,841

3,509

6,350

Eliminated on disposal

-

(1,216

)

(1,216

)

At 31 December 2025

96,973

75,368

172,341

NET BOOK VALUE

At 31 December 2025

45,090

13,073

58,163

At 31 December 2024

47,931

21,770

69,701

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

396,977

7,807

Other debtors

276,982

53,882

673,959

61,689

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

8,101

5,652

Amounts owed to group undertakings

-

2,167

Taxation and social security

112,816

6,164

Other creditors

665,236

220,825

786,153

234,808

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aled Roberts BA FCA (Senior Statutory Auditor)

for and on behalf of Salisbury & Company Business Solutions Limited

8.	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 other wholly owned group entities.