Registration number: 08690332

Fabcon Food Systems Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 9

Fabcon Food Systems Limited

(Registration number: 08690332)
Balance Sheet as at 31 December 2025

	Note	2025 £	31 July 2024 £
Fixed assets
Tangible assets	5	992,630	257,489
Current assets
Stocks		1,591,764	287,756
Debtors	6	471,001	769,572
Cash at bank and in hand		131,670	642,291
		2,194,435	1,699,619
Creditors: Amounts falling due within one year	7	(1,898,395)	(1,808,951)
Net current assets/(liabilities)		296,040	(109,332)
Total assets less current liabilities		1,288,670	148,157
Creditors: Amounts falling due after more than one year	7	(1,384,509)	(6,500)
Provisions for liabilities		(67,677)	(9,636)
Net (liabilities)/assets		(163,516)	132,021
Capital and reserves
Called up share capital		100	100
Retained earnings		(163,616)	131,921
Shareholders' (deficit)/funds		(163,516)	132,021

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 May 2026 and signed on its behalf by:
 

D A Tambyah Director

Fabcon Food Systems Limited

Notes to the Financial Statements for the Period from 1 August 2024 to 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Units 1-3
Delta Close
Norwich
Norfolk
NR6 6BG

2	Accounting policies

Name of parent of group

These financial statements are consolidated in the financial statements of Heat and Control Pty Ltd.

The financial statements of Heat and Control Pty Ltd may be obtained from Companies House.

Disclosure of long period

These accounts are for a period of 17 months from 1 August 2024 to 31 December 2025 and the comparatives are for the year ended 31 July 2024. The accounting reference date was changed to coincide with the parent company.

Basis of Preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The company has chosen to early adopt the Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs - Period Review 2024 issued by the FRC in March 2024. Although these amendments are mandatorily effective for accounting periods beginning on or after 1 January 2026, the company has applied them in full for the reporting period from 1 August 2024. All amendments have been applied at the same time. The principal effects of these changes relate to the accounting for leases and revenue recognition and the transitional adjustments have been accounted for as an adjustment to opening reserves.

The presentation currency is sterling.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

Going concern
Notwithstanding the deficit of shareholders' funds, the directors consider that the company will recover this deficit in future years and it has the financial support of its holding company. The directors therefore consider it is appropriate for the accounts to be prepared on a going concern basis.

Fabcon Food Systems Limited

Notes to the Financial Statements for the Period from 1 August 2024 to 31 December 2025

Critical estimates and judgements

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 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 revisions affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below:

•In categorising leases as finance or operating leases, the directors make judgements as to whether significant risks and rewards of ownership have transferred to the company as lessee.

•Estimating the valuation of the right of use asset and corresponding lease liability are considered a key judgement in the classification of operating leases.

•In valuing the work in progress, the directors make estimates to assess the completion of contracts.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Revenue arises from the provision of service, installation and commissioning and the sale of goods including design and manufacture of specialised equipment.

Accounting policies are in place for the following revenue streams:

1. Revenue from contracts with customers

Revenue is recognised at an amount that reflects the consideration to which the company is expected to be entitled in exchange for transferring goods or services to a customer.
For each contract with a customer the company follows a 5-step process:

• Identifying the contract with a customer
• Identifying the performance obligations in the contract
• Determining the transaction price which takes into account estimates of variable consideration and the time value of money
• Allocating the transaction price to the separate performance obligations on the basis of the relative stand-alone selling price of each distinct good or service to be delivered.
• Recognising revenue when each performance obligation is satisfied in a manner that depicts the transfer to the customer of the goods or services promised.

2. Sale of goods

Revenue from the sale of goods is recognised at the point in time when the customer obtains control of the goods, which is generally at the time of delivery.

3. Rendering of services

Revenue from a contract to provide services is recognised over time as the services are rendered based on either a fixed price or hourly rate.

Foreign currency transactions and balances

Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Fabcon Food Systems Limited

Notes to the Financial Statements for the Period from 1 August 2024 to 31 December 2025

Tax

The tax expense for the period comprises current and deferred tax and is recognised in the profit and loss account.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	20% straight line
Motor vehicles	20% straight line
Right of use assets	over the period of the lease

Cash
Cash comprises cash on hand and all deposits.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Research and Development
Expenditure on research and development is written off against the profits in the period in which it is incurred.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Fabcon Food Systems Limited

Notes to the Financial Statements for the Period from 1 August 2024 to 31 December 2025

Provisions

Provisions for the expected cost of warranty obligations under the company’s terms and conditions are recognised at the date of sale of the relevant products, at the directors' best estimate of the expenditure required to settle the company's obligation.

Leases and hire purchase contracts

The company accounts for leases in accordance with FRS 102, Section 20: Leases.

At inception, the company assesses whether a contract contains a lease. A lease is defined as a contract that conveys the right to use an asset for a period of time in exchange for consideration. At the commencement date, a right-of-use asset and a corresponding lease liability are recognised.

The lease liability is initially measured at the present value of lease payments due over the lease term, discounted at the rate implicit in the lease or, if not readily determinable, the company’s incremental borrowing rate. The right-of-use asset is measured at the amount of the lease liability and takes into account the value of lease incentives such as rent-free periods.

After initial recognition, the right of use asset is depreciated on a straight-line basis over the shorter of the asset’s useful life or the lease term. The lease liability is subsequently measured at amortised cost using the effective interest method, with interest expense recognised in profit or loss.

Assets acquired under hire purchase contracts are capitalised as tangible fixed assets and depreciated over their useful lives. Obligations under such agreements are included in 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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Fabcon Food Systems Limited

Notes to the Financial Statements for the Period from 1 August 2024 to 31 December 2025

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 financial statements 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.

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.

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 payments 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. Amounts 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.
 

3	Audit Report Information

As the Income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

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 it's loss for the period then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Principles; and
have been prepared in accordance with the requirements of the Companies Act 2006.
 
Senior Statutory Auditor: Kate Hughes
Statutory Auditor: DJH Audit Limited
Date of audit report: 19 June 2026

Fabcon Food Systems Limited

Notes to the Financial Statements for the Period from 1 August 2024 to 31 December 2025

4	Staff numbers

The average number of persons employed by the company during the period was 29 (2024 - 28).

5	Tangible assets

	Plant and equipment  £	Motor vehicles  £	Right of use assets - plant and equipment  £	Right of use assets - buildings £	Total £
Cost
At 1 August 2024	564,783	80,961	-	-	645,744
Additions	69,793	-	-	-	69,793
Disposals	(11,191)	-	-	-	(11,191)
Adoption of new standard for leases	-	-	192,375	1,011,961	1,204,336
At 31 December 2025	623,385	80,961	192,375	1,011,961	1,908,682
Depreciation
At 1 August 2024	320,803	67,452	-	-	388,255
Charge for the period	102,257	7,464	57,798	143,362	310,881
Eliminated on disposal	(11,153)	-	-	-	(11,153)
Adoption of new standard for leases	-	-	60,978	167,091	228,069
At 31 December 2025	411,907	74,916	118,776	310,453	916,052
Net book value
At 31 December 2025	211,478	6,045	73,599	701,508	992,630
At 31 July 2024	243,980	13,509	-	-	257,489

6

Debtors

	2025 £	2024 £
Trade debtors	400,796	748,059
Other debtors	70,205	21,513
	471,001	769,572

Fabcon Food Systems Limited

Notes to the Financial Statements for the Period from 1 August 2024 to 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	238,761	584,522
Taxation and social security	78,504	69,652
Other creditors	1,581,130	1,154,777
	1,898,395	1,808,951