Company registration number 00642173 (England and Wales)
PLASMOR LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PLASMOR LIMITED
COMPANY INFORMATION
Directors
Mr J A Slater
Mr N Marwood
Mr M Howley
Mrs G Wagstaff
Mr M Brooks-Shea
(Appointed 1 January 2026)
Secretary
Mr N Marwood
Company number
00642173
Registered office
Plasmor Ltd
Womersley Road
Knottingley
WF11 0DL
Auditor
Sumer Auditco Limited
Reivaulx House
1 St Mary's Court
York
North Yorkshire
YO24 1AH
PLASMOR LIMITED
CONTENTS
Page
Strategic report
1 - 3
Directors' report
4
Directors' responsibilities statement
5
Independent auditor's report
6 - 8
Statement of comprehensive income
9
Balance sheet
10
Statement of changes in equity
11
Notes to the financial statements
12 - 28
PLASMOR LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present the strategic report for the year ended 31 December 2025.

Review of the business

Operational and trading activities continued to be shaped by challenging macro‑economic conditions across the UK construction market. Although inflationary pressures eased during the year and interest rates began to trend downward, the legacy impact of elevated borrowing costs and constrained household finances continued to suppress activity, particularly within the housing sector. Newbuild demand remained weak, with developers slowing build‑out rates and prioritising existing sites over new starts. This subdued environment extended into the repair, maintenance and improvement market, where homeowners deferred non‑essential expenditure. As a result, both professional trade and DIY activity softened across the year, limiting volume growth opportunities and intensifying competition across core product categories.

The Plasmor Group’s unique access to high quality aggregates from industry leading processes positions the business strongly to meet customer demand for premium lightweight aggregate blocks produced using in‑house raw materials. Swift decision‑making and decisive action, reflecting the Group’s operational flexibility, delivered significant benefits as operations were appropriately flexed to address challenging market cost pressures. Plasmor remains well resourced, maintaining essential investment in plant, machinery, and environmental and operational infrastructure to support the consistent delivery of high‑quality, sustainable products and first‑class service. Continued development of value‑added paving products supports growth through differentiation and quality, underpinned by state‑of‑the‑art manufacturing assets.

Principal risks and uncertainties

These do not alter much from year to year. They are:

1) The impact of general economic trends upon the construction industry in general and the housing market in particular.

2) The direct and indirect impact of climate change (reflected in energy and transport costs, building regulations and changes in building methods).

3) The effect of consolidation within the supply chain, including suppliers, customers and competitors.

4) The burden of regulation and red tape, which is felt badly by businesses of our size.

We manage these risks by having a well-diversified base of business partners (both suppliers and customers), by having a proportion of our material supply in our ownership, by active product development and certification programmes, and by having a management structure, including active "hands-on" directors, capable of a rapid response to changing conditions. All this is backed up by a disciplined approach to the market and by high standards of product quality and customer service.

Research and development

In order to maintain the company's position as a market leader in quality concrete products, a continuing research and development programme is carried out. The accounting policy is described in note 1 to the financial statements.

PLASMOR LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Key performance indicators

In managing our business, we have a number of key indicators that we use, in addition to the management accounts, to measure and manage the performance of the business. These include output, energy consumption, labour cost and individual product profitability. These measures are monitored on a weekly and monthly basis and communicated to the relevant managers in the business to take remedial action where required.

Taking our Corporate and Social Responsibility very seriously we also monitor performance in other key areas including Sustainability, Environmental Impact, H&S, Staff Wellbeing and Equality.

This is not a complex business. The KPI’s presented here are part of a much wider reporting framework that enables the directors to understand the development, performance, and position of the business.

- Profit margin: 1.35% (2024 - 2.87%) is the ratio of PBT over turnover.

- Liquidity ratio: 1.37 (2024 - 1.74) is the ratio Current Assets less Stocks over Current Liabilities

Financial instruments

The company does not actively use financial instruments as part of its financial risk management. It is exposed to the usual credit and cash flow risk associated with selling on credit and manages this through credit control procedures. The nature of its financial instruments means that they are not subject to a price risk or liquidity risk.

Future developments

Whilst 2025 can, after years of volatility, be considered a period of stabilisation, challenges will remain throughout 2026. E levated cost bases, combined with ongoing political and economic uncertainty, are likely to weigh on housebuilding as well as the broader construction and manufacturing sectors. Opportunities for volume growth will be limited. Consequentially as businesses and individuals across the economic spectrum adapt, competition for reduced volumes will exert pressure on prices. Plasmor’s strong cash flows, continued focus on cost control coupled with the continuing financial flexibility of our manufacturing operations make us well positioned to respond to the challenges and take advantage of opportunities as and when they arise.

Directors' wider considerations - s172

All decisions taken by the Board are done so in the context of the group’s long-term prospects. During the reporting period the focus was to guide the business through the pandemic: protect staff, manage existing operations, and continue investment with a view to growth when normality resumes. When performance allows, staff participate in a generous profit share scheme which encourages focus on productivity and value for money.

The group's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests. Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance. The company is committed to staff development and all staff receive continual appropriate training.

Mindful of environmental responsibilities the group operates with ISO 14001 accreditation. Energy consumption and carbon emissions are monitored with a view to satisfying our SECR responsibilities, maximising efficiency and minimising our carbon footprint. Recent changes to the company car policy encourage green/hybrid vehicles.

Plasmor’s reputation within the industry is exemplary. In terms of quality, products are manufactured within the framework of BSES 13369 and ISO 9001. The culture of the business stems from its family ownership and reflect traditional values of honesty, integrity and fairness. The board ensure these values permeate top down throughout the business.

The business recognises its responsibility to all stakeholders and as mentioned previously the long-term interests of those stakeholders are considered throughout decision making processes. Naturally, there is a balance, whilst shareholders reasonably expect a return on their investment in terms of dividends any distributions are made in the context of results and capital investment requirements. The group benefits greatly from shareholder involvement at the highest level within the management team.

PLASMOR LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -

On behalf of the board

Mr N Marwood
Director
20 May 2026
PLASMOR LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -

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

Principal activities

The principal activity of the company continues to be the manufacture of building blocks and pavers.

Results and dividends

The results for the year are set out on page 8.

Ordinary interim dividends of £4,200,000 (2024 - £9,200,000) were paid during the year. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr J A Slater
Mr N Marwood
Mr M Howley
Mrs G Wagstaff
Mr M Brooks-Shea
(Appointed 1 January 2026)
Mr J R Marshall
(Resigned 20 September 2025)
Auditor

Sumer Auditco Limited were appointed as auditor to the company following BHP LLP becoming part of the Sumer Group on 31 December 2025, which required a change in audit firm to comply with applicable regulatory requirements.

In accordance with section 487(2) of the Companies Act 2006, Sumer Auditco Limited are deemed to be reappointed annually.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
Mr N Marwood
Director
20 May 2026
PLASMOR LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -

The directors are responsible for preparing the annual 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 company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- 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.

PLASMOR LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PLASMOR LIMITED
- 6 -
Opinion

We have audited the financial statements of Plasmor Limited (the 'company') for the year ended 31 December 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 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 company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- 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 company 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 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 contained within the annual report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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 our audit:

- the information given in the strategic report and the directors' r eport 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.

PLASMOR LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PLASMOR LIMITED (CONTINUED)
- 7 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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, or returns adequate for our audit have not been received from branches not visited by us; or

- the 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' r esponsibilities s tatement, 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 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 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 and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

PLASMOR LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PLASMOR LIMITED (CONTINUED)
- 8 -

Extent to which the audit was capable of identifying irregularities, including fraud

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we 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. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Reviewing minutes of meetings of those charged with governance;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection of records and correspondence;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates and policies for indicators of potential bias.

- Performing audit work over the timing and recognition of revenue and in particular whether it has been recorded in the correct accounting period.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. 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.

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.

Laura Masheder (Senior Statutory Auditor)
For and on behalf of Sumer Auditco Limited, Statutory Auditor
Chartered Accountants
20 May 2026
Reivaulx House
1 St Mary's Court
York
North Yorkshire
YO24 1AH
PLASMOR LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
Year
Period
ended
ended
31 December
31 December
2025
2024
Notes
£
£
Turnover
3
70,391,442
87,095,532
Cost of sales
(56,500,012)
(67,877,363)
Gross profit
13,891,430
19,218,169
Administrative expenses
(13,947,284)
(18,124,137)
Other operating income
916,084
1,177,893
Operating profit
4
860,230
2,271,925
Interest receivable and similar income
7
90,741
231,358
Profit before taxation
950,971
2,503,283
Tax on profit
8
(539,000)
(750,500)
Profit for the financial year
411,971
1,752,783

The statement of comprehensive income has been prepared on the basis that all operations are continuing operations.

PLASMOR LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
10
30,640,009
30,527,473
Investment property
11
-
0
375,000
Investments
12
5,780,407
5,780,407
36,420,416
36,682,880
Current assets
Stocks
13
12,323,690
9,436,224
Debtors
14
10,344,273
11,613,716
Cash at bank and in hand
13,585,401
18,052,491
36,253,364
39,102,431
Creditors: amounts falling due within one year
15
(17,531,804)
(16,949,580)
Net current assets
18,721,560
22,152,851
Total assets less current liabilities
55,141,976
58,835,731
Provisions for liabilities
Provisions
16
-
0
201,726
Deferred tax liability
17
3,736,000
3,440,000
(3,736,000)
(3,641,726)
Net assets
51,405,976
55,194,005
Capital and reserves
Called up share capital
19
384,000
384,000
Revaluation reserve
3,617,575
3,617,575
Profit and loss reserves
47,404,401
51,192,430
Total equity
51,405,976
55,194,005
The financial statements were approved by the board of directors and authorised for issue on 20 May 2026 and are signed on its behalf by:
Mr N Marwood
Director
Company registration number 00642173 (England and Wales)
PLASMOR LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 11 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 September 2023
384,000
3,617,575
58,639,647
62,641,222
Period ended 31 December 2024:
Profit and total comprehensive income
-
-
1,752,783
1,752,783
Dividends
9
-
-
(9,200,000)
(9,200,000)
Balance at 31 December 2024
384,000
3,617,575
51,192,430
55,194,005
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
411,971
411,971
Dividends
9
-
-
(4,200,000)
(4,200,000)
Balance at 31 December 2025
384,000
3,617,575
47,404,401
51,405,976
PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 12 -
1
Accounting policies
Company information

Plasmor Limited is a private company limited by shares incorporated in England and Wales. The registered office is Plasmor Ltd, Womersley Road, Knottingley, WF11 0DL.

1.1
Reporting period

The accounts report on the 12 month period to 31 December 2025. The comparative figures relate to a 16 month period to 31 December 2024. Therefore the comparative figures are not wholly comparable to the new period.

1.2
Accounting convention

These financial statements have been prepared in accordance with The Financial Reporting Standard applicable in the UK and Republic of Ireland (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The immediate and ultimate parent company is Plasmor (Holdings) Limited . Plasmor (Holdings) Limited is the smallest and largest group into which these financial statements are consolidated, and these group accounts can be obtained from its registered office Plasmor Limited, Wormersley Road, Knottingley, WF11 0DN.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment.

PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 13 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
4% - 5% straight line basis
Leasehold land and buildings
4% straight line or over the lease term, if under 25 years
Plant, motor vehicles and equipment
10% - 25% straight line basis and 25% reducing balance

Quarries, included within freehold land and building s, are depreciated based upon the tonnage extracted relative to the anticipated reserves.

Assets under construction at the year end are not depreciated until they are brought into economic use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Freehold land is not depreciated.

1.6
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

1.7
Fixed asset investments

Interests in subsidiaries 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.

1.8
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 14 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.9
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads 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 profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.10
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 15 -
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 16 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting al l of its liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.12
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.13
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 17 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.14
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision in measured at present value the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

1.15
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.16
Retirement benefits
The group operates two defined contribution pension schemes; one for its employees, the other for directors. Pension contributions under the schemes are charged to the profit and loss account as incurred.
1.17
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.18
Foreign exchange

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 18 -
1.19

Carbon credits

The company incurs expenditure for carbon credits for future use. When the initial cost is made this is treated as a prepayment as such credits are held for own use only. The company calculates their requirements over a 2-3 year window and then purchase extra credits based on historical evidence of usage and then release them straight line over time to the profit and loss.

1.20

Restoration costs

Provisions for restoration costs are made to reflect the costs of the remedial work in relation to the closure of mining sites operated by the company. The amount provided represents the expected costs of restoring the sites in line with the company's legal and constructive obligations based on survey measurements carried out at the balance sheet date. The provision is released as actual costs are incurred to restore the sites. The provisions are calculated by the directors with advice from third party surveyors who are considered best placed to estimate the restoration costs.

1.21

Mining assets

Mining assets comprise land purchased by the company for the purpose of mineral extraction activities. The cost comprises the price paid for the land and any other costs incurred in exploring the sites for mining purposes, including estimated obligations arising from mine restoration commitments at the date of acquiring the mines. Mining assets are amortised using the units of production method in line with the cost model based on the estimated reserves and the rate of extraction in the period. Mining assets are reviewed for impairment on an annual basis and an impairment is included in the financial statements where facts or circumstances suggest that the carrying amount of an exploration and evaluation asset may exceed its recoverable amount.

PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 19 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following estimates have had the most significant effect on amounts recognised in the financial statements.

Depreciation

The depreciation policy has been set according to management's experience of the useful lives of a typical asset in each category, something which is reviewed annually. It is not considered practical to use a per unit basis to allocate depreciation without undue cost and therefore amounts are charged annually. The depreciation charged during the year was £3,724,563 (2024 - £4,741,492) which the directors feel is a fair reflection of the benefits derived from the consumption of the tangible fixed assets in use during the period.

Bad debt provision

Outstanding trade debtor balances are reviewed on a line by line basis by management to identify possible amounts where a provision is required. Management closely manage the collection of trade debtors and are therefore able to identify balances where there is uncertainty about its recoverability, and determine what provision is required (if any).

Stock

The company converts raw materials, including those from own quarries, to finished goods as part of it operations. Stock values include any costs such as labour and overheads attributable to generating finished goods, as management believe this is the most suitable costing method to take into account the matching concept of accounting.

At each reporting date an assessment is made for provisions required to properly recognise wastage, damaged goods and over absorbed overheads. 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 profit or loss and provided for in the balance sheet. Reversals of impairment losses are also recognised in profit or loss where these arise.

Restoration provision

An obligation exists to restore land leased for the purposes of mineral extraction to its original condition before mining operations commenced. Management have employed external planning and environmental consultants to calculate the cost of the provision required in respect of restoring the relevant land. At each reporting date management assess that the provision is a reliable estimate of the future costs to be incurred. During the period, the provision related to certain leased land was released as the land was returned to the lessor and the Group’s restoration obligations in respect of that site ceased.

PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 20 -
3
Turnover and other revenue

An analysis of the company's turnover is as follows:

2025
2024
£
£
Turnover analysed by class of business
Sales of blocks and pavers
70,379,464
87,076,658
Other Income
11,978
18,874
70,391,442
87,095,532
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
70,391,442
87,095,532
2025
2024
£
£
Other revenue
Interest income
90,741
231,358
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Depreciation of owned tangible fixed assets
3,724,563
4,741,492
Profit on disposal of tangible fixed assets
(15,400)
(42,998)
Profit on disposal of investment property
(3,000)
-
0
Operating lease charges
801,121
1,317,834
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
32,550
35,000

The company paid audit fees for its parent company during the year totalling £4,200 (2024 - £4,000).

PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 21 -
6
Employees

The average monthly number of persons including directors employed by the company during the year was:

2025
2024
Number
Number
Directors
5
4
Production
167
177
Sales and administration
46
49
Total
218
230

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
10,137,994
12,879,029
Social security costs
1,312,940
1,524,814
Pension costs
776,218
1,036,546
12,227,152
15,440,389
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
90,741
231,358
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
243,000
83,500
Deferred tax
Origination and reversal of timing differences
296,000
667,000
Total tax charge
539,000
750,500
PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
8
Taxation
(Continued)
- 22 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
950,971
2,503,283
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
237,743
625,821
Tax effect of expenses that are not deductible in determining taxable profit
148,040
55,072
Tax effect of income not taxable in determining taxable profit
-
0
(16,250)
Group relief
-
0
(41,510)
Depreciation on assets not qualifying for tax allowances
163,582
-
0
Other tax adjustments
228
-
0
Fixed asset differences
-
0
112,890
Movement in deferred tax not recognised
(2,593)
14,477
Chargeable gains/(losses)
(8,000)
-
0
Taxation charge for the year
539,000
750,500
9
Dividends
2025
2024
£
£
Interim paid
4,200,000
9,200,000
PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 23 -
10
Tangible fixed assets
Freehold land and buildings
Leasehold land and buildings
Assets under construction
Plant, motor vehicles and equipment
Total
£
£
£
£
£
Cost
At 1 January 2025
22,855,294
301,466
6,318
67,027,322
90,190,400
Additions
677,032
-
0
208,355
3,261,616
4,147,003
Disposals
(678,187)
-
0
-
0
(127,812)
(805,999)
At 31 December 2025
22,854,139
301,466
214,673
70,161,126
93,531,404
Depreciation and impairment
At 1 January 2025
7,927,469
301,466
-
0
51,433,992
59,662,927
Depreciation charged in the year
401,031
-
0
-
0
3,323,532
3,724,563
Eliminated in respect of disposals
(368,283)
-
0
-
0
(127,812)
(496,095)
At 31 December 2025
7,960,217
301,466
-
0
54,629,712
62,891,395
Carrying amount
At 31 December 2025
14,893,922
-
0
214,673
15,531,414
30,640,009
At 31 December 2024
14,927,825
-
0
6,318
15,593,330
30,527,473

Upon transition to FRS 102, the company elected to take exemption 35.10 (d) of FRS 102, which permits the company to revalue freehold land and buildings at fair value and for that fair value to be used as a deemed cost for the item going forward.

Included in the cost of freehold land and buildings is land with a deemed cost of £7,546,160 (2024 - £7,477,234) which is not depreciated.

The historic cost of land at the year end is £3,047,493 (2024 - £3,047,493) which is not depreciated.

Also included within freehold land and buildings is mining assets with a carrying value of £3,494,857 (2024 - £3,440,808).

11
Investment property
2025
£
Fair value
At 1 January 2025
375,000
Disposals
(375,000)
At 31 December 2025
-
0

During the year the company sold its remaining Investment Property, which had a historic cost of £375,000.

PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 24 -
12
Fixed asset investments
2025
2024
Notes
£
£
Investments in subsidiaries
25
5,780,407
5,780,407

Included within the cost of investments are capital contributions to subsidiary undertakings totalling £5,645,981 (2024 - £5,645,981).

13
Stocks
2025
2024
£
£
Raw materials and consumables
4,334,762
3,377,233
Work in progress
967,632
827,112
Finished goods and goods for resale
7,021,296
5,231,879
12,323,690
9,436,224

There was no significant difference between the value shown for stocks and their replacement cost at the balance sheet date.

14
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
8,297,549
9,122,918
Corporation tax recoverable
-
0
189,885
Other debtors
150,720
150,720
Prepayments and accrued income
1,896,004
2,150,193
10,344,273
11,613,716
15
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
5,556,518
7,451,038
Amounts owed to group undertakings
10,203,683
7,434,605
Corporation tax
126,111
-
0
Other taxation and social security
598,441
573,985
Other creditors
2,267
2,267
Accruals and deferred income
1,044,784
1,487,685
17,531,804
16,949,580

Amounts owed to group undertakings are unsecured and repayable on demand.

PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 25 -
16
Provisions for liabilities
2025
2024
£
£
Restoration provisions
-
201,726
Movements on provisions:
Restoration provisions
£
At 1 January 2025
201,726
Utilisation of provision
(201,726)
At 31 December 2025
-

The restoration provision related to a future obligation Plasmor Limited had on its mining and mineral extracting activities to restate the land in use to a condition in line with North Yorkshire County Council planning conditions. During the year the company satisfied all of the obligations and hence released the provision.

17
Deferred taxation

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
3,126,000
2,873,000
Revaluations
648,000
648,000
Investment property
-
8,000
Other timing differences
(38,000)
(89,000)
3,736,000
3,440,000
2025
Movements in the year:
£
Liability at 1 January 2025
3,440,000
Charge to profit or loss
296,000
Liability at 31 December 2025
3,736,000
PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 26 -
18
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
776,218
1,036,546

The company operates two defined contribution pension scheme s for all qualifying employees; one for its employees, the other for directors. The assets of the schemes are held separately from those of the company in independently administered funds.

Contributions totalling £129,915 (2024 - £133,362) were payable to the fund at the year end and are included in creditors.

19
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
'A' Ordinary Shares of £1 each
192,080
192,080
192,080
192,080
'B' Ordinary Shares of £1 each
19,200
19,200
19,200
19,200
'C' Ordinary Shares of £1 each
23,600
23,600
23,600
23,600
'D' Ordinary Shares of £1 each
84,880
84,880
84,880
84,880
'E' Ordinary Shares of £1 each
64,240
64,240
64,240
64,240
384,000
384,000
384,000
384,000
20
Financial commitments, guarantees and contingent liabilities

There is a multilateral guarantee given by the company and its subsidiary trading companies under which each party guarantees the bank overdraft facilities of up to £1,000,000 of the other parties. The maximum contingent liability under this guarantee as at 31 December 2025 is £nil (2024 - £22).

21
Operating lease commitments
As lessee

Operating lease payments represent rentals payable by the company for certain of its properties and assets. Leases are negotiated for an average term of 3 years and rentals are fixed.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
157,321
775,111
Years 2-5
70,298
109,517
227,619
884,628
PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 27 -
22
Capital commitments

Amounts contracted for but not provided in the financial statements:

2025
2024
£
£
Acquisition of tangible fixed assets
366,478
969,250
23
Related party transactions

The company has taken advantage of the exemption granted by paragraph 33.1A of FRS 102 not to disclose related party transactions within wholly owned Plasmor (Holdings) Limited group companies.

24
Ultimate controlling party

The immediate and ultimate parent company is Plasmor (Holdings) Limited . Plasmor (Holdings) Limited is the smallest and largest group into which these financial statements are consolidated, and these group accounts can be obtained from its registered office Plasmor Limited, Wormersley Road, Knottingley, WF11 0DN.

25
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Plasmor (Halton) Limited
England and Wales
Block and paver manufacturer
Ordinary shares
100.00
Plasmor (Property) Limited
England and Wales
Dormant
Ordinary shares
100.00
Plasmor (Sabey Kirby) Limited
England and Wales
Block manufacturer
Ordinary shares
100.00
Translift Freight Limited
England and Wales
Haulage contractor
Ordinary shares
100.00

The registered office of all group companies is P lasmor Ltd, Womersley Road, Knottingley, West Yorkshire, WF11 0DN.

26
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
865,552
1,247,641
Company pension contributions to defined contribution schemes
157,667
40,000
1,023,219
1,287,641
PLASMOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
26
Directors' remuneration
(Continued)
- 28 -
Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
253,916
325,021
Accrued pension at the end of the year
40,000
-
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