AMufacture Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

AMufacture Ltd is a private company, limited by shares and incorporated in England & Wales. The company number is 11713128 and the registered office is Unit 6 Pioneer Park, Portfield Road, Portsmouth, England, PO3 5GF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover for goods is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised at the point that the customer takes delivery of the goods.

Turnover for services is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the provision of services and is recogonised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are trade marks and development costs they are recognised at cost less impairment.

Intangible assets are amortised to the profit and loss account over their estimated economic life of 8 years and 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold Improvements	Straight line over the term of the lease
Plant and machinery	5 years and 8 years straight line
Office equipment	3 years and 4 years straight line

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AMufacture Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired under hire purchase contracts are depreciated over their useful lives.

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.

Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Financial Instruments

Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.

2.7. 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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AMufacture Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Deferred tax is only adjusted if the change in the timing difference is material.

2.9. Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.10. Investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

2.11. Share Option Expenses

The company operates an equity-settled share scheme for its employees. During the year, 38,699 share options were granted to employees.

The share based payment expense to the company during the year was £111. Over the term of the share scheme, the total cost incurred over the relevant term will be £5,805.

3. Average Number of Employees

	2025	2024
Average number of employees, including directors, during the year	9	8

	9	8

4. Intangible Assets

	Trademarks	Development costs	Total
	£	£	£
Cost
As at 1 January 2025	9,816	923,790	933,606
Additions	-	470,184	470,184

As at 31 December 2025	9,816	1,393,974	1,403,790

Amortisation
As at 1 January 2025	4,731	154,917	159,648

...CONTINUED

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AMufacture Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Provided during the period	2,053	122,653	124,706
Impairment losses	-	142,784	142,784

As at 31 December 2025	6,784	420,354	427,138

Net Book Value
As at 31 December 2025	3,032	973,620	976,652

As at 1 January 2025	5,085	768,873	773,958

5. Tangible Assets

	Land & Property
	Leasehold Improvements	Plant and machinery	Office equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	125,750	1,546,464	22,734	1,694,948
Additions	23,647	534,094	10,628	568,369

As at 31 December 2025	149,397	2,080,558	33,362	2,263,317

Depreciation
As at 1 January 2025	10,088	368,702	8,913	387,703
Provided during the period	13,650	341,656	6,044	361,350

As at 31 December 2025	23,738	710,358	14,957	749,053

Net Book Value
As at 31 December 2025	125,659	1,370,200	18,405	1,514,264

As at 1 January 2025	115,662	1,177,762	13,821	1,307,245

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant and machinery	1,190,388	1,095,652

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AMufacture Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	998

As at 31 December 2025	998

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	998

As at 1 January 2025	998

SO3D Ltd

The company holds 100% of the share capital in SO3D Ltd.

Loss for the year: £1,318

Capital and reserves: £8,457 Cr.

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	287,107	153,240
Amounts owed by group undertakings	2,266	-
Other debtors	220,802	178,203

	510,175	331,443

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	387,692	257,387
Trade creditors	235,476	187,753
Bank loans and overdrafts	2,166	1,688
Amounts owed to group undertakings	-	2,692
Other creditors	57,197	39,284
Taxation and social security	36,324	46,065

	718,855	534,869

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AMufacture Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	605,335	646,178
Bank loans	6,473	8,178
Other creditors	1,842,016	1,037,126

	2,453,824	1,691,482

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	387,692	257,387
Later than one year and not later than five years	605,335	646,178

	993,027	903,565

	993,027	903,565

11. Related Party Transactions

The amount due from the subsidiary at the year end was £2,266 (2024 : £2,692 Cr).

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		976,652		773,958
Tangible Assets	5		1,514,264		1,307,245
Investments	6		998		998

			2,491,914		2,082,201
CURRENT ASSETS
Debtors	7	510,175		331,443
Cash at bank and in hand		292,062		223,333

		802,237		554,776
Creditors: Amounts Falling Due Within One Year	8	(718,855 )		(534,869 )

NET CURRENT ASSETS (LIABILITIES)			83,382		19,907

TOTAL ASSETS LESS CURRENT LIABILITIES			2,575,296		2,102,108

Creditors: Amounts Falling Due After More Than One Year	9		(2,453,824 )		(1,691,482 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(3,000 )

NET ASSETS			121,472		407,626

CAPITAL AND RESERVES
Called up share capital			1,969		1,560
Share premium account			766,468		676,838
Other reserves			111		-
Profit and Loss Account			(647,076 )		(270,772 )

SHAREHOLDERS' FUNDS			121,472		407,626