PRM Developments Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: NI623839

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		132,625		147,485

			132,625		147,485
CURRENT ASSETS
Stocks		1,099,072		1,738,038
Debtors	5	17,901		235,825

		1,116,973		1,973,863
Creditors: Amounts Falling Due Within One Year	6	(1,077,909 )		(1,936,578 )

NET CURRENT ASSETS (LIABILITIES)			39,064		37,285

TOTAL ASSETS LESS CURRENT LIABILITIES			171,689		184,770

Creditors: Amounts Falling Due After More Than One Year	7		(14,056 )		-

NET ASSETS			157,633		184,770

CAPITAL AND RESERVES
Called up share capital	9		10,001		10,001
Profit and Loss Account			147,632		174,769

SHAREHOLDERS' FUNDS			157,633		184,770

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PRM Developments Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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

Mr Philip Rex Morrow Director	Mr Andrew Philip Joseph Morrow Director
17 April 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

PRM Developments Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI623839 . The registered office is Rathdown Road, Lissue Industrial Estate, Lisburn, BT28 2RE.

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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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

20% on cost

2.4. Investment Properties

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over 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 the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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PRM Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2.9. 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: 11 (2024: 12)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2025	313,020
Additions	33,500
Disposals	(43,475 )

As at 31 December 2025	303,045

Depreciation
As at 1 January 2025	165,535
Provided during the period	47,018
Disposals	(42,133 )

As at 31 December 2025	170,420

Net Book Value
As at 31 December 2025	132,625

As at 1 January 2025	147,485

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PRM Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	6,720	234,268
Other debtors	11,181	1,557

	17,901	235,825

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,667	-
Trade creditors	31,711	215,784
Bank loans and overdrafts	994,907	1,672,840
Other creditors	4,030	10,238
Taxation and social security	39,594	37,716

	1,077,909	1,936,578

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	14,056	-

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	7,667	-
Later than one year and not later than five years	14,056	-

	21,723	-

	21,723	-

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10,001	10,001

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PRM Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr Philip Morrow	1	-	-	(1)	-

Loan balances are repayable on demand.

11. Related Party Transactions

	Sales to Related Parties £	Purchases from Related Parties £	Other Services From Related Parties £	Loan Balances owed to/ (by) PRM Developments at the Year End £	Trade Balances owed to/ (by) PRM Developments at the Year End £
Transactions with Other Related Parties	1,216,182	790,789	81,362	-	(331)

12. Ultimate Controlling Party

The ultimate controlling party are the Directors due to their equity shareholding in the company.

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