PRM Distribution Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

PRM Distribution Limited is a private company, limited by shares, incorporated in Northern Ireland. The registered number of the company is NI026851. The registered office address of the company is Rathdown Road Lissue Industrial Estate, Moira Road, Lisburn, Co. Antrim BT28 2RE. The financial statements have been presented in Pounds Sterling (£) which is also the functional currency of the company.

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.

2.3. 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:

Plant & Machinery	25% on cost
Fixtures & Fittings	20% on cost

2.4. Stocks and Work in Progress

Stocks 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. No work-in-progress reflected in the accounts.

2.5. 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.6. 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 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 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.

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 assets reflect 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.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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PRM Distribution Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 43 (2024: 43)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2025	28,013	346,559	374,572
Additions	-	12,699	12,699
Disposals	-	(275,391 )	(275,391 )

As at 31 December 2025	28,013	83,867	111,880

Depreciation
As at 1 January 2025	28,013	302,184	330,197
Provided during the period	-	17,457	17,457
Disposals	-	(265,234 )	(265,234 )

As at 31 December 2025	28,013	54,407	82,420

Net Book Value
As at 31 December 2025	-	29,460	29,460

As at 1 January 2025	-	44,375	44,375

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,427,836	2,505,532
Other debtors	445,500	376,721

	2,873,336	2,882,253

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	898,127	723,078
Bank loans and overdrafts	1,596,746	1,661,621
Other creditors	185,665	39,113
Taxation and social security	102,081	52,740

	2,782,619	2,476,552

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PRM Distribution Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Secured Creditors

Of the creditors the following amounts are secured.

The Bank holds a fixed and floating charge over assets of the Company as security for bank borrowings.

	2025		2024
	£		£
Bank loans and overdrafts	1,596,746		1,661,621

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10,002	10,002

9. Related Party Transactions

	Sales to Related Parties £	Purchases from Related Parties £	Other Services from/ (to) Related Parties £	Loan Balances owed to/ (by) PRM Distribution Ltd at Year End £	Trade Balances owed to/ (by) PRM Distribution Ltd at Year End £
Transactions with Group Companies	-	-	(113,674)	-	416
Transactions with Other Related Parties	734,202	4,899,936	(714,044)	-	76,246

10. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11. Ultimate Controlling Party

The ultimate controlling parties are the Directors due to their equity shareholding in the parent company which is:

PRM Group Limited

Registered office address:

Rathdown Road

Lissue Industrial Estate

Moira Road

Lisburn

Co Antrim

BT28 2RE

12. Audit Information

The auditor's report on the accounts of PRM Distribution Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by John McCleary (Senior Statutory Auditor) for and on behalf of McCleary & Company Ltd , Statutory Auditor.

McCleary & Company Ltd

Garvey Studios

14 Longstone Street

Lisburn

Co Antrim

BT28 1TP

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		29,460		44,375

			29,460		44,375
CURRENT ASSETS
Stocks		158,378		212,587
Debtors	5	2,873,336		2,882,253
Cash at bank and in hand		1,502,982		994,536

		4,534,696		4,089,376
Creditors: Amounts Falling Due Within One Year	6	(2,782,619 )		(2,476,552 )

NET CURRENT ASSETS (LIABILITIES)			1,752,077		1,612,824

TOTAL ASSETS LESS CURRENT LIABILITIES			1,781,537		1,657,199

NET ASSETS			1,781,537		1,657,199

CAPITAL AND RESERVES
Called up share capital	8		10,002		10,002
Profit and Loss Account			1,771,535		1,647,197

SHAREHOLDERS' FUNDS			1,781,537		1,657,199

Mr Philip Rex Morrow Director	Mrs Norma Lynne Morrow Director
13 May 2026