Thermo Electric Devices Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06303024

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		355,049		369,190

			355,049		369,190
CURRENT ASSETS
Stocks	6	250,468		313,084
Debtors	7	379,930		269,412
Cash at bank and in hand		442,639		440,179

		1,073,037		1,022,675
Creditors: Amounts Falling Due Within One Year	8	(428,944 )		(459,565 )

NET CURRENT ASSETS (LIABILITIES)			644,093		563,110

TOTAL ASSETS LESS CURRENT LIABILITIES			999,142		932,300

Creditors: Amounts Falling Due After More Than One Year	9		(12,729 )		(22,500 )

NET ASSETS			986,413		909,800

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			986,313		909,700

SHAREHOLDERS' FUNDS			986,413		909,800

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Thermo Electric Devices Limited

Balance Sheet (continued)

As At 31 August 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ian Ungless Director	Stuart Ungless Director
18 May 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Thermo Electric Devices Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06303024 . The registered office is Unit 1 Draycott Business Centre, Draycott, Gloucestershire, GL56 9JY.

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 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	2% Straight Line
Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary 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.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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.

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Thermo Electric Devices Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	3	3
Manufacturing	3	3

	6	6

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	629,000

As at 31 August 2025	629,000

Amortisation
As at 1 September 2024	629,000

As at 31 August 2025	629,000

Net Book Value
As at 31 August 2025	-

As at 1 September 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 September 2024	370,000	69,392	12,751	13,947	466,090
Additions	-	349	760	684	1,793

As at 31 August 2025	370,000	69,741	13,511	14,631	467,883

Depreciation
As at 1 September 2024	30,217	41,089	12,233	13,361	96,900
Provided during the period	7,400	-	387	961	8,748
Disposals	-	7,186	-	-	7,186

As at 31 August 2025	37,617	48,275	12,620	14,322	112,834

Net Book Value
As at 31 August 2025	332,383	21,466	891	309	355,049

As at 1 September 2024	339,783	28,303	518	586	369,190

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Thermo Electric Devices Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Stocks

	2025	2024
	£	£
Stock	250,468	313,084

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	376,962	265,001
Prepayments and accrued income	2,968	4,411

	379,930	269,412

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	162,901	127,080
Corporation tax	56,462	45,156
Other taxes and social security	1,658	1,891
VAT	38,859	31,807
Other creditors	15,489	-
Directors' loan accounts	153,575	253,631

	428,944	459,565

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

	2025	2024
	£	£
Bank loans	12,729	22,500

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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