REGISTERED NUMBER: 03309513 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2025

for

Mammut UK Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

5

45,023

55,357

CURRENT ASSETS

Stocks

88,931

-

Debtors

6

1,641,830

4,675,506

Cash at bank

69,706

101,055

1,800,467

4,776,561

CREDITORS

Amounts falling due within one year

7

(742,613

)

(2,121,452

)

NET CURRENT ASSETS

1,057,854

2,655,109

TOTAL ASSETS LESS CURRENT LIABILITIES

1,102,877

2,710,466

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

1,101,877

2,709,466

SHAREHOLDERS' FUNDS

1,102,877

2,710,466

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 Board of Directors and authorised for issue on 17 April 2026 and were signed on its behalf by:

Mr M J East - Director

Mr P Walker - Director

1.	STATUTORY INFORMATION

Mammut UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03309513

Registered office:

Amazon House

Fourth Floor

3 Brazil Street

Manchester

Lancashire

M1 3PJ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable, excluding trade discounts, settlement discounts and volume rebates, for sale of goods and is shown net of VAT and other sales related taxes.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

107,079

14,184

91,439

212,702

Additions

49,475

-

-

49,475

Disposals

-

-

(91,439

)

(91,439

)

At 31 December 2025

156,554

14,184

-

170,738

DEPRECIATION

At 1 January 2025

107,079

14,184

36,082

157,345

Charge for year

4,452

-

8,542

12,994

Eliminated on disposal

-

-

(44,624

)

(44,624

)

At 31 December 2025

111,531

14,184

-

125,715

NET BOOK VALUE

At 31 December 2025

45,023

-

-

45,023

At 31 December 2024

-

-

55,357

55,357

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

499,489

1,240,857

Amounts owed by group undertakings

896,366

3,391,149

Other debtors

245,975

43,500

1,641,830

4,675,506

Mammut UK Limited has granted a loan to its parent company, Mammut Sports Group AG in Switzerland. The loan is bearing an interest of 1.40% on a simple interest basis.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

13,722

37,343

Amounts owed to group undertakings

204,096

1,345,144

Taxation and social security

324,169

502,620

Other creditors

200,626

236,345

742,613

2,121,452

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1,000

Ordinary

1

1,000

1,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Taylor BFP FCA (Senior Statutory Auditor)

for and on behalf of Harts Limited

10.	PARENT UNDERTAKING

Mammut UK Limited is a wholly owned subsidiary of the parent company Mammut Sports Group AG, a company with the registered address: Birren5 CH-5703 Seon in Switzerland. Mammut Sports Group AG is a wholly owned subsidiary of Jacobs Capital Jersey Limited, located in Jersey.Jacobs Capital Jersey Limited is the ultimate parent company.

The consolidated financial statements are available upon request from the following registered office of Jacobs Capital Jersey Limited: 26 New Street, St. Helier, Jersey, JE2 3RA