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REGISTERED NUMBER: 12903188 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2025

for

Border Plastics Recycling Limited

Border Plastics Recycling Limited (Registered number: 12903188)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Statement of Financial Position | 3 |

Notes to the Financial Statements | 5 |

Border Plastics Recycling Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | A J Strafford

| REGISTERED OFFICE: | Charnwood House

| Harcourt Way

| Meridian Business Park

| Leicester

| Leicestershire

| LE19 1WP

| REGISTERED NUMBER: | 12903188 (England and Wales)

| ACCOUNTANTS: | The Rowleys Partnership Ltd

| Chartered Accountants

| Charnwood House

| Harcourt Way

| Meridian Business Park

| Leicester

| Leicestershire

| LE19 1WP

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Border Plastics Recycling Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Border Plastics Recycling Limited for the year ended 31 December 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Border Plastics Recycling Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Border Plastics Recycling Limited and state those matters that we have agreed to state to the director of Border Plastics Recycling Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Border Plastics Recycling Limited and its director for our work or for this report.

It is your duty to ensure that Border Plastics Recycling Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Border Plastics Recycling Limited. You consider that Border Plastics Recycling Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Border Plastics Recycling Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

8 June 2026

Border Plastics Recycling Limited (Registered number: 12903188)

Statement of Financial Position

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 329,241 |  | 341,849 |  |

Investments | 5 | 650,000 |  | 650,000 |  |

979,241 |  | 991,849 |  |

CURRENT ASSETS

Stocks | 15,923 |  | 89,985 |  |

Debtors | 6 | 462,369 |  | 355,082 |  |

Cash at bank and in hand | 237,301 |  | 149,377 |  |

715,593 |  | 594,444 |  |

CREDITORS

Amounts falling due within one year | 7 | 618,924 |  | 557,115 |  |

NET CURRENT ASSETS | 96,669 |  | 37,329 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,075,910 |  | 1,029,178 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (14,500 | ) |

PROVISIONS FOR LIABILITIES | (116,613 | ) | (110,239 | ) |

NET ASSETS | 959,297 |  | 904,439 |  |

Border Plastics Recycling Limited (Registered number: 12903188)

Statement of Financial Position - continued

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Capital redemption reserve | 11 | 650,000 |  | 650,000 |  |

Retained earnings | 11 | 309,197 |  | 254,339 |  |

SHAREHOLDERS' FUNDS | 959,297 |  | 904,439 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 June 2026 and were signed by:

A J Strafford - Director

Border Plastics Recycling Limited (Registered number: 12903188)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Border Plastics Recycling 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

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Preparation of consolidated financial statements

| The financial statements contain information about Border Plastics Recycling Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Motor vehicles - 20% straight line.

| Fixtures and Fittings - 20% straight line and 33% straight line.

| Plant and Machinery - 20% straight line,25% straight line, 33% straight line and 50% straight line.

| Computer equipment - 20% straight line.

| Leasehold improvements - 20% straight line and over 50 years.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Border Plastics Recycling Limited (Registered number: 12903188)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| 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. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 12 ) .

Border Plastics Recycling Limited (Registered number: 12903188)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures

| Leasehold |  | Plant and |  | and

| improvements |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 January 2025 | 107,515 |  | 403,915 |  | 59,886 |  |

| Additions | 6,000 |  | 85,294 |  | - |  |

| Disposals | - |  | (51,870 | ) | - |  |

| At 31 December 2025 | 113,515 |  | 437,339 |  | 59,886 |  |

| DEPRECIATION

| At 1 January 2025 | 10,373 |  | 221,902 |  | 27,349 |  |

| Charge for year | 14,648 |  | 82,029 |  | 16,117 |  |

| Eliminated on disposal | - |  | (33,322 | ) | - |  |

| At 31 December 2025 | 25,021 |  | 270,609 |  | 43,466 |  |

| NET BOOK VALUE

| At 31 December 2025 | 88,494 |  | 166,730 |  | 16,420 |  |

| At 31 December 2024 | 97,142 |  | 182,013 |  | 32,537 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 56,299 |  | 2,500 |  | 630,115 |  |

| Additions | 49,000 |  | - |  | 140,294 |  |

| Disposals | - |  | - |  | (51,870 | ) |

| At 31 December 2025 | 105,299 |  | 2,500 |  | 718,539 |  |

| DEPRECIATION

| At 1 January 2025 | 27,642 |  | 1,000 |  | 288,266 |  |

| Charge for year | 21,060 |  | 500 |  | 134,354 |  |

| Eliminated on disposal | - |  | - |  | (33,322 | ) |

| At 31 December 2025 | 48,702 |  | 1,500 |  | 389,298 |  |

| NET BOOK VALUE

| At 31 December 2025 | 56,597 |  | 1,000 |  | 329,241 |  |

| At 31 December 2024 | 28,657 |  | 1,500 |  | 341,849 |  |

Border Plastics Recycling Limited (Registered number: 12903188)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 650,000 |  |

| NET BOOK VALUE

| At 31 December 2025 | 650,000 |  |

| At 31 December 2024 | 650,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 379,223 |  | 320,625 |  |

| Other debtors | 83,146 |  | 34,457 |  |

462,369 |  | 355,082 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Hire purchase contracts | 14,500 |  | 14,500 |  |

| Trade creditors | 401,468 |  | 294,627 |  |

| Taxation and social security | 99,088 |  | 119,514 |  |

| Other creditors | 103,868 |  | 128,474 |  |

618,924 |  | 557,115 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Hire purchase contracts | - |  | 14,500 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.25 |  | 31.12.24

£ | £ |

| Hire purchase contracts | 14,500 |  | 29,000 |  |

| The hire purchase is secured against the asset it relates to.

Border Plastics Recycling Limited (Registered number: 12903188)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid: |  |  | 2025 |  | 2024 |

| Number: |  | Class: |  | Nominal value: |  | £ |  | £ |

| 80 |  | Ordinary A |  | £1 |  | 80 |  | 80 |

| 20 |  | Ordinary B |  | £1 |  | 20 |  | 20 |

|  | 100 |  | 100 |

11. | RESERVES

|  | Capital redemption reserve |

| £ |  |

| At 1 January 2025 |  | 650,000 |

| Movement in year |  | - |

| At 31 December 2025 |  | 650,000 |

12. | OTHER FINANCIAL COMMITMENTS

| At the year end the company was committed to expenditure under non-cancellable operating leases totalling £73,407 (2024: £60,408).