Tailored Image Holdings Ltd Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: NI680474

Tailored Image Holdings Ltd

Financial Statements

31 December 2025

Tailored Image Holdings Ltd

Financial Statements

Year ended 31 December 2025

Contents	Page

Strategic report	1

Directors' report	4

Independent auditor's report to the members	7

Consolidated statement of comprehensive income	11

Consolidated statement of financial position	12

Company statement of financial position	13

Consolidated statement of changes in equity	14

Company statement of changes in equity	15

Consolidated statement of cash flows	16

Notes to the financial statements	17

Tailored Image Holdings Ltd

Strategic Report

Year ended 31 December 2025

Principal activities The principal activity of the company is the supplying of uniforms and promotional clothing.

Business review and position The directors are pleased with the company's performance during the year. The company operates in a highly competitive marketplace, and the directors continue to take appropriate steps to maintain and strengthen its competitive position. 2025 was a record year for the business, with revenue increasing by 24% compared with 2024. Net profit before tax also increased by a similar percentage year on year, reflecting continued growth, effective cost management and the strength of the company's customer proposition. The directors monitor the performance of the business using a range of key performance indicators, with a primary focus on financial metrics including sales, gross profit and EBITDA. These measures are considered appropriate in assessing the company's trading performance, profitability and overall financial position.

Environment Carbon Neutral Britain was engaged by Tailored Image Ltd in order to measure and calculate the organisation's total carbon footprint from 2022, with the purpose of offsetting their total organisation emissions - to become Carbon Neutral. As an organisation that designs, manufactures and supplies corporate clothing and staff uniforms, it was identified that the main emissions were to occur from staff commuting within the reporting period. Due to hybrid working, staff worked from home, of which the energy usage from home was also calculated. In March 2026, Tailored Image Ltd offset their carbon footprint to become certified as a Carbon Neutral Business by Carbon Neutral Britain. As certification was awarded by an external organisation, it provides assurance that the carbon neutral claim is robust and credible, following calculation using the ISO 14064 and GHG Protocol Emissions Standard principles of relevance, completeness, consistency, transparency and accuracy. Carbon Neutral Status has been awarded to the organisation for a period of 12 months. Through the Carbon Neutral Britain Climate Fund™, Tailored Image Ltd has offset its total carbon emissions through internationally certified carbon offsetting projects. Certified via the Verra - Verified Carbon Standard (VCS), the Gold Standard - Voluntary Emission Reductions (VER) or the United Nations - Certified Emission Reductions (CER) programmes, the projects have also been selected based on their direct and indirect impact around the world - not just in offsetting, but also in supporting education, employment and clean water, as well as having net positive impact on the local wildlife and ecology. As the three largest, and most regulated voluntary offsetting standards used by organisations and even countries in their emissions reductions - all measurements and tonnes of CO2e offset are accurate, and verified. Tailored Image has a firm commitment to developing our wider ESG strategy and are actively engaged with sustainability professionals to develop best in market solutions. The company also carries out benchmarking exercises to stay ahead of current industry standards.

Financial risk management objectives and policies The company has exposures to three main areas of risk - foreign exchange currency exposure, liquidity risk and customer credit exposure. To a lesser extent the company is exposed to interest rate risk. The company recognizes that there is an exposure to currency risk as the company both sells and purchases in foreign currencies. The directors manage the risk through the matching of payments and receipts in the foreign currency and transferring monies from one currency to another when they consider it is prudent and to take advantage of any perceived value in the foreign exchange rates. The objective of the company in managing liquidity risk is to ensure that it can meet its financial obligations as and when they fall due. The company expects to meet its financial obligations through operating cash flows. In the event that the operating cash flows would not cover all the financial obligations the company will seek additional credit facilities. The company may offer credit terms to its customers which allow payment of the debt after delivery of the goods or services. The company is at risk to the extent that a customer may be unable to pay the debt on the specified due date. This risk is managed by the strong on-going customer relationships and by robust onboarding credit control procedures. The company borrows from its bankers using either working capital facilities or term loans whose tenure depends on the nature of the asset and management's view of the future direction of interest rate. Supply chain and raw material costs are another key exposure to the business. The company seeks to mitigate this by constantly reviewing its sourcing strategies, cost and quality benchmarking exercises and ensuring a geographical spread of key suppliers. This allows for greater flexibility in its supply chain and helps minimise this exposure, allowing security of supply.

This report was approved by the board of directors on 21 May 2026 and signed on behalf of the board by:

Bernard Birt	Brendan Birt
Director	Director

Registered office:

Unit 3

Granville Industrial Estate

Dungannon

Northern Ireland

BT701NJ

Tailored Image Holdings Ltd

Directors' Report

Year ended 31 December 2025

The directors present their report and the financial statements of the group for the year ended 31 December 2025 .

Directors

The directors who served the company during the year were as follows:

Bernard Birt
Brendan Birt
Cecelia Birt
Peter Donnelly

Dividends

Particulars of recommended dividends are detailed in note 13 to the financial statements.

Future developments

The directors recognise the competitive environment in which the company operates. The company's strategy is to continue delivering sustainable growth by identifying opportunities aligned with the key sectors in which it operates.

The company will continue to promote and utilise the advantages available under the Windsor Framework. This unique position is expected to support the company in attracting new customers and expanding into new markets.

The directors intend to continue strengthening the company's market presence by remaining focused on design-led solutions, quality, customer service and long-term customer relationships. The company will also continue to promote and embed its core values of "Commit, Care, Own and Respect" throughout the business.

Financial instruments

The directors seek to minimise the financial risks to which the company is exposed and have implemented policies to manage these risks. The principal financial risks faced by the company are interest rate risk and foreign exchange risk.

The company has both Euro-denominated receipts and payments and, where possible, seeks to match these inflows and outflows in order to reduce exposure to currency fluctuations. The company also uses foreign exchange forward contracts, where appropriate, to manage foreign currency risk.

Research and development

The company remains committed to investment in research and development to support future performance, profitability and operational efficiency.

As a full-service provider, from design through to delivery, the company dedicates significant human and financial resources to the development of value-added and innovative solutions. These initiatives are focused on improving product quality, enhancing process efficiency and delivering benefits across the supply chain.

The company's ongoing relationships with its fabric and manufacturing partners also support continued innovation and help maintain its position as a design-led provider of corporate clothing solutions within a competitive marketplace.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and the profit or loss of the group for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information.

This report was approved by the board of directors on 21 May 2026 and signed on behalf of the board by:

Bernard Birt	Brendan Birt
Director	Director

Registered office:

Unit 3

Granville Industrial Estate

Dungannon

Northern Ireland

BT701NJ

Tailored Image Holdings Ltd

Independent Auditor's Report to the Members of Tailored Image Holdings Ltd

Year ended 31 December 2025

Opinion

We have audited the financial statements of Tailored Image Holdings Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the consolidated statement of comprehensive income, consolidated statement of financial position, company statement of financial position, consolidated statement of changes in equity, company statement of changes in equity, consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the group's and of the parent company's affairs as at 31 December 2025 and of the group's profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent company financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach was as follows: We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and determined that the most significant are those that relate to the Companies Act 2006 and compliance with FRS102 ; and we assessed the risks of material misstatement in respect of fraud with the consideration of the group's own assessment of the risks that irregularities may occur either because of fraud or error; the results of our enquiries of management about their own identification and assessment of the risks of irregularities; any matters we identified having obtained and reviewed the group's documentation of their policies and procedures relating to identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the areas in which management is required to exercise significant judgment, such as disclosure of adjusting items. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override; we also obtained an understanding of the legal and regulatory framework that the group operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included UK Companies Act and tax legislation; and in addition, we considered provisions of other laws and regulations that do not have a a direct effect on the financial statements but compliance with which may be fundamental to the group's ability to operate or to avoid a material penalty. These included data protection, employment and health and safety regulations. Audit procedures designed to respond to the risks of fraud: We considered the risk of fraud through management override and, in response, we incorporated testing of manual journal entries into our audit approach. We considered the risk of fraud through transactions outside the normal course of transactions by noting anything that was unusual in nature or size and enquired about such transaction to gain an understanding of their nature; based on the results of our risk assessment we designed our audit procedures to identify and to address material misstatements in relation to fraud and other irregularities; extent of audit procedures; and we evaluated the selection and application of accounting policies by the group, particularly those related to subjective measurements and complex transactions, that may be indicative of fraudulent financial reporting. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. - Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Conor McCaffrey ACA

(Senior Statutory Auditor)

For and on behalf of

Hill Vellacott

Chartered accountants & statutory auditor

22 Great Victoria Street

Belfast

BT2 7BA

21 May 2026

Tailored Image Holdings Ltd

Consolidated Statement of Comprehensive Income

Year ended 31 December 2025

		2025	2024
Note		£	£
Turnover	4	20,796,630	16,706,561

Cost of sales	16,212,871	13,310,199
	-------------	-------------
Gross profit	4,583,759	3,396,362

Administrative expenses		3,229,335	2,207,457
Other operating income	5	56,250	–
		------------	------------
Operating profit	6	1,410,674	1,188,905

Other interest receivable and similar income	10	14,783	366
Interest payable and similar expenses	11	81,860	69,846
		------------	------------
Profit before taxation		1,343,597	1,119,425

Tax on profit	12	305,318	434,745
		------------	------------
Profit for the financial year and total comprehensive income		1,038,279	684,680
		------------	------------

All the activities of the group are from continuing operations.

Tailored Image Holdings Ltd

Consolidated Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	14	30,265	225,938
Tangible assets	15	529,399	408,781
		---------	---------
		559,664	634,719

Current assets

Stocks	17	5,826,021	4,159,465
Debtors	18	6,465,561	4,763,694
Cash at bank and in hand		3,077,169	1,458,592
		-------------	-------------
		15,368,751	10,381,751

Creditors: amounts falling due within one year	19	8,377,262	6,524,091
		-------------	-------------
Net current assets		6,991,489	3,857,660
		------------	------------
Total assets less current liabilities		7,551,153	4,492,379

Creditors: amounts falling due after more than one year	20	2,478,470	–

Provisions	22	67,843	174,240
		------------	------------
Net assets		5,004,840	4,318,139
		------------	------------

Capital and reserves

Called up share capital	26	308	300
Share premium account	27	25,316	5,676
Profit and loss account	27	4,979,216	4,312,163
		------------	------------
Shareholders funds		5,004,840	4,318,139
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 21 May 2026 , and are signed on behalf of the board by:

Bernard Birt	Brendan Birt
Director	Director

Company registration number: NI680474

Tailored Image Holdings Ltd

Company Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Investments	16	300	300

Current assets

Debtors	18	210,655	118,951

Creditors: amounts falling due within one year	19	191,007	118,951
		---------	---------
Net current assets		19,648	–
		--------	----
Total assets less current liabilities		19,948	300
		--------	----

Capital and reserves

Called up share capital	26	308	300
Share premium account	27	19,640	–
		--------	----
Shareholders funds		19,948	300
		--------	----

The profit for the financial year of the parent company was £ 371,226 (2024: £ 267,244 ).

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 21 May 2026 , and are signed on behalf of the board by:

Bernard Birt	Brendan Birt
Director	Director

Company registration number: NI680474

Tailored Image Holdings Ltd

Consolidated Statement of Changes in Equity

Year ended 31 December 2025

		Called up share capital	Share premium account	Profit and loss account	Total
		£	£	£	£
At 1 January 2024		300	5,676	3,894,727	3,900,703

Profit for the year				684,680	684,680
		----	-------	------------	------------
Total comprehensive income for the year		–	–	684,680	684,680

Dividends paid and payable	13	–	–	( 267,244)	( 267,244)
		----	-------	------------	------------
Total investments by and distributions to owners		–	–	( 267,244)	( 267,244)

At 31 December 2024		300	5,676	4,312,163	4,318,139

Profit for the year				1,038,279	1,038,279
		----	-------	------------	------------
Total comprehensive income for the year		–	–	1,038,279	1,038,279

Issue of shares		8	19,640	–	19,648
Dividends paid and payable	13	–	–	( 371,226)	( 371,226)
		----	--------	---------	---------
Total investments by and distributions to owners		8	19,640	( 371,226)	( 351,578)

		----	--------	------------	------------
At 31 December 2025		308	25,316	4,979,216	5,004,840
		----	--------	------------	------------

Tailored Image Holdings Ltd

Company Statement of Changes in Equity

Year ended 31 December 2025

		Called up share capital	Share premium account	Profit and loss account	Total
		£	£	£	£
At 1 January 2024		300	–	–	300

Profit for the year				267,244	267,244
		----	----	---------	---------
Total comprehensive income for the year		–	–	267,244	267,244

Dividends paid and payable	13	–	–	( 267,244)	( 267,244)
		----	----	---------	---------
Total investments by and distributions to owners		–	–	( 267,244)	( 267,244)

At 31 December 2024		300	–	–	300

Profit for the year				371,226	371,226
		----	----	---------	---------
Total comprehensive income for the year		–	–	371,226	371,226

Issue of shares		8	19,640	–	19,648
Dividends paid and payable	13	–	–	( 371,226)	( 371,226)
		----	--------	---------	---------
Total investments by and distributions to owners		8	19,640	( 371,226)	( 351,578)

		----	--------	---------	---------
At 31 December 2025		308	19,640	–	19,948
		----	--------	---------	---------

Tailored Image Holdings Ltd

Consolidated Statement of Cash Flows

Year ended 31 December 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit for the financial year	1,038,279	684,680

Adjustments for:
Depreciation of tangible assets	122,259	159,527
Amortisation of intangible assets	8,699	11,199
Impairment of intangible assets	186,974	–
Government grant income	( 56,250)	–
Other interest receivable and similar income	( 14,783)	( 366)
Interest payable and similar expenses	81,860	69,846
Tax on profit	305,318	434,745
Accrued expenses	293,326	38,979

Changes in:
Stocks	( 1,666,556)	17,832
Trade and other debtors	( 1,701,867)	( 1,476,899)
Trade and other creditors	4,613,588	1,248,707
Provisions and employee benefits	( 86,816)	61,816
	------------	------------
Cash generated from operations	3,124,031	1,250,066

Interest paid	( 81,860)	( 69,846)
Interest received	14,783	366
Tax paid	( 271,865)	( 193,117)
	------------	------------
Net cash from operating activities	2,785,089	987,469
	------------	------------

Cash flows from investing activities

Purchase of tangible assets	( 242,876)	( 202,810)
Purchase of intangible assets	–	( 7,980)
	------------	------------
Net cash used in investing activities	( 242,876)	( 210,790)
	------------	------------

Cash flows from financing activities

Proceeds from issue of ordinary shares	19,648	–
Proceeds from borrowings	72,056	1,076,295
Repayments of borrowings	( 714,764)	( 1,173,025)
Government grant income	56,250	–
Payments of finance lease liabilities	14,400	–
Dividends paid	( 371,226)	( 267,244)
	------------	------------
Net cash used in financing activities	( 923,636)	( 363,974)
	------------	------------

Net increase in cash and cash equivalents	1,618,577	412,705
Cash and cash equivalents at beginning of year	1,458,592	1,045,887
	------------	------------
Cash and cash equivalents at end of year	3,077,169	1,458,592
	------------	------------

Tailored Image Holdings Ltd

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit 3, Granville Industrial Estate, Dungannon, Northern Ireland, BT701NJ.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The financial statements consolidate the financial statements of Tailored Image Holdings Ltd and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts recorded. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no significant judgements (apart from those involving estimations) that management has made in the process of applying the groups accounting policies. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual income. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next year are as follows: Stock Stock is stated at the lower of cost and net realisable value and management have to estimate the net realisable value of the stock to recognise any impairment. Stock is stated at £5,826,021 (2024: £4,159,465).

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Software and licences	-	25% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	20% straight line
Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates are accounted for using the equity method of accounting, whereby the investment is initially recognised at the transaction price and subsequently adjusted to reflect the group's share of the profit or loss, other comprehensive income and equity of the associate.

Investments in joint ventures

Investments in joint ventures are accounted for using the equity method of accounting, whereby the investment is initially recognised at the transaction price and subsequently adjusted to reflect the group's share of the profit or loss, other comprehensive income and equity of the joint venture.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	20,796,630	16,706,561
	-------------	-------------

The split of UK and ROI sales has not been provided as the directors feel this is commercially sensitive information and do not wish to disclose.

5. Other operating income

	2025	2024
	£	£
Government grant income	56,250	–
	--------	----

6. Operating profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Amortisation of intangible assets	8,699	11,199
Depreciation of tangible assets	122,259	159,527

Impairment of tangible assets recognised in:

	Administrative expenses	186,774	–
Impairment of trade debtors		(14,155)	16,449
Operating lease rentals		82,821	82,284
Foreign exchange differences		318,199	( 141,312)
		---------	---------

7. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	8,900	8,800
	-------	-------

8. Staff costs

The average number of persons employed by the group during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	99	90
Administrative staff	15	15
	----	----
	114	105
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	3,253,805	2,723,910
Social security costs	377,604	253,395
Other pension costs	427,581	210,765
	------------	------------
	4,058,990	3,188,070
	------------	------------

9. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	98,741	71,306
Company contributions to defined contribution pension plans	326,365	124,500
	---------	---------
	425,106	195,806
	---------	---------

10. Other interest receivable and similar income

	2025	2024
	£	£
Interest receivable	14,783	366
	--------	----

11. Interest payable and similar expenses

	2025	2024
	£	£
Interest on banks loans and overdrafts	61,677	17,642
Interest on obligations under finance leases and hire purchase contracts	246	–
Interest payable	19,937	38,836
Other interest payable and similar charges	–	13,368
	--------	--------
	81,860	69,846
	--------	--------

12. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax income	324,899	367,080

Deferred tax:

Origination and reversal of timing differences	( 19,581)	67,665
	---------	---------
Tax on profit	305,318	434,745
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is lower than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	1,343,597	1,119,425
	------------	------------
Profit on ordinary activities by rate of tax	335,899	279,856
Adjustment to tax charge in respect of prior periods	( 96,588)	94,821
Effect of expenses not deductible for tax purposes	47,194	( 5,423)
Effect of capital allowances and depreciation	38,395	( 2,174)
Deferred tax adjustment	( 19,582)	67,665
	------------	------------
Tax on profit	305,318	434,745
	------------	------------

13. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	371,226	267,244
	---------	---------

14. Intangible assets

Group	Patents, trademarks and licences
	£
Cost
At 1 January 2025 and 31 December 2025	307,677
	---------
Amortisation
At 1 January 2025	81,739
Charge for the year	8,699
Impairment losses	186,974
	---------
At 31 December 2025	277,412
	---------
Carrying amount
At 31 December 2025	30,265
	---------
At 31 December 2024	225,938
	---------

The company has no intangible assets.

15. Tangible assets

Group	Short leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2025	233,302	342,958	391,528	78,220	1,046,008
Additions	117,056	82,320	22,000	21,500	242,876
Disposals	( 58,534)	–	–	–	( 58,534)
	---------	---------	---------	--------	------------
At 31 December 2025	291,824	425,278	413,528	99,720	1,230,350
	---------	---------	---------	--------	------------
Depreciation
At 1 January 2025	97,233	198,453	300,925	40,616	637,227
Charge for the year	49,283	39,026	23,406	10,544	122,259
Disposals	( 58,535)	–	–	–	( 58,535)
	---------	---------	---------	--------	------------
At 31 December 2025	87,981	237,479	324,331	51,160	700,951
	---------	---------	---------	--------	------------
Carrying amount
At 31 December 2025	203,843	187,799	89,197	48,560	529,399
	---------	---------	---------	--------	------------
At 31 December 2024	136,069	144,505	90,603	37,604	408,781
	---------	---------	---------	--------	------------

The company has no tangible assets.

16. Investments

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 1 January 2025 and 31 December 2025	300
	----
Impairment
At 1 January 2025 and 31 December 2025	–
	----

Carrying amount
At 1 January 2025 and 31 December 2025	300
	----
At 31 December 2024	300
	----

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Registered office	Class of share	Percentage of shares held
Subsidiary undertakings
Tailored Image Ltd	Unit 3 Granville Industrial Estate, Dungannon, BT70 1NJ	Ordinary	100
Tailored Image Ireland Limited	Drimore, Barrowhouse, Athy, Kildare, R14 YE45	Ordinary	100

17. Stocks

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Raw materials and consumables	96,163	105,416	–	–
Finished goods and goods for resale	5,729,858	4,054,049	–	–
	------------	------------	----	----
	5,826,021	4,159,465	–	–
	------------	------------	----	----

18. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade debtors	2,808,997	3,732,580	–	–
Amounts owed by group undertakings	–	–	210,655	118,951
Prepayments and accrued income	565,538	453,923	–	–
Derivative financial assets	–	93,415	–	–
Other debtors	3,091,026	483,776	–	–
	------------	------------	---------	---------
	6,465,561	4,763,694	210,655	118,951
	------------	------------	---------	---------

19. Creditors: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	156,250	871,014	–	–
Trade creditors	3,138,564	1,899,428	–	–
Accruals and deferred income	475,911	182,584	–	–
Corporation tax	421,825	368,791	–	–
Social security and other taxes	242,025	396,425	–	–
Obligations under finance leases and hire purchase contracts	6,139	–	–	–
Director loan accounts	191,007	118,951	191,007	118,951
Derivative financial liability	55,086	–	–	–
Other creditors	3,690,455	2,686,898	–	–
	------------	------------	---------	---------
	8,377,262	6,524,091	191,007	118,951
	------------	------------	---------	---------

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

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Obligations under finance leases and hire purchase contracts	8,261	–	–	–
Other creditors	2,470,209	–	–	–
	------------	----	----	----
	2,478,470	–	–	–
	------------	----	----	----

21. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	6,139	–	6,139	–
Later than 1 year and not later than 5 years	8,261	–	8,261	–
	--------	----	--------	----
	14,400	–	14,400	–
	--------	----	--------	----

22. Provisions

Group	Deferred tax (note 23)	Dilapidations	Total
	£	£	£
At 1 January 2025	87,424	86,816	174,240
Additions	( 19,581)	–	( 19,581)
Charge against provision	–	( 86,816)	( 86,816)
	--------	--------	---------
At 31 December 2025	67,843	–	67,843
	--------	--------	---------

The company does not have any provisions.

23. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Included in provisions (note 22)	67,843	87,424	–	–
	--------	--------	----	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Accelerated capital allowances	113,311	87,424	113,311	87,424
Pension plan obligations	( 45,468)	–	( 45,468)	–
	---------	--------	---------	--------
	67,843	87,424	67,843	87,424
	---------	--------	---------	--------

24. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 427,581 (2024: £ 210,765 ).

25. Government grants

The amounts recognised in the financial statements for government grants are as follows:

Group		Company
2025	2024	2025	2024
£	£	£	£

Recognised in other operating income:

Government grants recognised directly in income	56,250	–	–	–
	--------	----	----	----

26. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares shares of £ 1 each	285	285	285	285
Ordinary B shares shares of £ 1 each	23	23	15	15
	----	----	----	----
	308	308	300	300
	----	----	----	----

27. Reserves

Share premium account: This reserve records the amount above the nominal value received for shares sold, less transaction costs. Capital redemption reserve: This reserve records the nominal value of shares repurchased by the company. Profit and loss account: This reserve records retained earnings and accumulated losses.

28. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	292,293	254,795	292,293	254,795
Later than 1 year and not later than 5 years	766,152	557,542	766,152	557,542
Later than 5 years	360,000	–	360,000	–
	------------	---------	------------	---------
	1,418,445	812,337	1,418,445	812,337
	------------	---------	------------	---------

29. Limitation of auditors liability

The group has entered into a liability limitation agreement with the groups's auditor which was approved on 8 January 2026. The principal terms of the agreement are that the auditor's liability is limited to a multiple of the audit fee issued and paid for the year, but the multiple cannot be less than such amount as is fair and reasonable.

30. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company and its subsidiary undertakings:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Bernard Birt	( 40,791)	( 11,146)	( 51,937)
Brendan Birt	( 33,521)	( 18,357)	( 51,878)
Cecelia Birt	( 37,639)	( 17,752)	( 55,391)
Peter Donnelly	( 7,000)	( 24,801)	( 31,801)
	---------	--------	---------
	( 118,951)	( 72,056)	( 191,007)
	---------	--------	---------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Bernard Birt	( 36,819)	( 3,972)	( 40,791)
Brendan Birt	( 22,127)	( 11,394)	( 33,521)
Cecelia Birt	( 37,073)	( 566)	( 37,639)
Peter Donnelly	( 14,681)	7,681	( 7,000)
	---------	--------	---------
	( 110,700)	( 8,251)	( 118,951)
	---------	--------	---------