ACCOUNTS - Final Accounts preparation

Registered number: 03656478

TIMBERMAN INVESTMENTS LTD

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

TIMBERMAN INVESTMENTS LTD

COMPANY INFORMATION

Directors	Corpag Services Directors (UK) Limited (appointed 11 November 2019)
	Natalie Gordon (appointed 24 June 2022)


Registered number	03656478


Registered office	1 Charterhouse Mews
	London
	EC1M 6BB

TIMBERMAN INVESTMENTS LTD

CONTENTS

	Page
Directors' Report	1
Profit and Loss Account	2
Balance Sheet	3 - 4
Notes to the Financial Statements	5 - 8

TIMBERMAN INVESTMENTS LTD

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Directors' responsibilities statement

The directors are responsible for preparing the 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 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 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 to 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.

Principal activity

The principal activity of the company in the year under review was that of an investment holding company.

Directors

The directors who served during the year were:

Corpag Services Directors (UK) Limited (appointed 11 November 2019)

Natalie Gordon (appointed 24 June 2022)

Post balance sheet events

Information relating to events since the end of the year is given in the notes to the financial statements.

This report was approved by the board on 26 May 2026 and signed on its behalf.

Natalie Gordon- Director

Page 1

TIMBERMAN INVESTMENTS LTD

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
Note	£	£

Other income	(613.800)	25.637
Other charges	(43.639)	(11.445)
(Loss)/profit	(657.439)	14.192

Page 2

TIMBERMAN INVESTMENTS LTD

REGISTERED NUMBER: 03656478

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		511.716		533.268
			511.716		533.268
Current assets
Debtors: amounts falling due after more than one year	5	-		548.261
Cash At Bank And In Hand		3.191		949
		3.191		549.210
Creditors: amounts falling due within one year	6	(1.279.970)		(1.190.101)
Net current liabilities			(1.276.779)		(640.891)
Total assets less current liabilities			(765.063)		(107.623)

Net liabilities			(765.063)		(107.623)

Capital and reserves
Called up share capital	7	10.000	10.000
Share premium account		938.696	938.696
Other reserves		(1.056.320)	(1.070.511)
Profit and loss account		(657.439)	14.192
		(765.063)	(107.623)

Page 3

TIMBERMAN INVESTMENTS LTD

REGISTERED NUMBER: 03656478

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

Notes

Average number of employees

The average monthly number of employees, including directors, during the year was 0 (2024 - 0).

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 May 2026.

................................................

Natalie Gordon

Natalie Gordon- Director

Page 4

TIMBERMAN INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	Statutory information

Timberman Investments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis, notwithstanding net current liabilities of £1,276,779 (2024: £640,891), which the director believes to be appropriate for the following reason:
Within the creditors due within one year is an amount from the parent company of £24,670 (2024: £1,190,101). The parent company will continue to support the business to enable the company to meet its liabilities as they fall due.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

TIMBERMAN INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Trade and other creditors are obligations to pay for services that have been acquired in the ordinary course of business and are measured at historical cost. Accrued expenses are recognised when the amount can be measured reliably.

2.7

Fixed asset investments

Fixed asset investments are recorded at cost and reviewed for any permanent diminution in value.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

Page 6

TIMBERMAN INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Fixed asset investments

	Investments in subsidiary companies	Loans to subsidiaries	Total
	£	£	£
Cost or valuation
At 1 January 2025	186.897	533.268	720.165
Additions	1.125.811	-	1.125.811
Conversion to capital	-	(533.268)	(533.268)
At 31 December 2025	1.312.708	-	1.312.708
Impairment
At 1 January 2025	186.897	-	186.897
Charge for the period	614.095	-	614.095
At 31 December 2025	800.992	-	800.992
Net book value
At 31 December 2025	511.716	-	511.716
At 31 December 2024	-	533.268	533.268

5.	Debtors
		2025	2024
		£	£

Due after more than one year
Amounts owed by group undertakings	-	548.261
	-	548.261

Page 7

TIMBERMAN INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	19.196	-
Amounts owed to group undertakings	24.670	1.190.101
Amount due to Middenberm HoldCo XI B.V.	1.236.104	-
	1.279.970	1.190.101

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

10.000 (2024 - 10.000) Ordinary shares of £1,00 each	10.000	10.000

8.	Related party transactions
	At 31 October 2025 the total amount owed of £1,125,811 from Rural Y Urbana Catalano - Mallorquina, S.L, 99% subsidiary of the company to Timberman Investments Ltd was converted to capital. On 1 December 2025 from the total amount of owed to Bucheron Trust, its parent undertaking, a portion of £1,236,104 was assigned by way of agreement to Middenberm HoldCo XI B.V.

9.	Post balance sheet events

There have been no other significant events affecting the Company since the year end.

10.	Ultimate controlling party

The immediate and ultimate controlling party is Danny Kragt, as beneficiary of the Bucheron Trust.

Page 8