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REGISTERED NUMBER: 06127081 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FORMULA MERCHANTS LTD

FORMULA MERCHANTS LTD (REGISTERED NUMBER: 06127081)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

FORMULA MERCHANTS LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTOR: | A J Hieatt

| REGISTERED OFFICE: | Unit 16 Woking Business Park

| Albert Drive

| Woking

| Surrey

| GU21 5JY

| REGISTERED NUMBER: | 06127081 (England and Wales)

| ACCOUNTANTS: | Jamesons Limited

| Jamesons House

| Compton Way

| Witney

| OX28 3AB

FORMULA MERCHANTS LTD (REGISTERED NUMBER: 06127081)

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | € | € | € | € |

FIXED ASSETS

Investments | 4 | 560,320 |  | 560,320 |  |

CURRENT ASSETS

Stocks | 2,625 |  | 2,625 |  |

Debtors | 5 | 779,882 |  | 588,141 |  |

Cash at bank | 140,228 |  | 85,383 |  |

922,735 |  | 676,149 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,115,278 |  | 932,239 |  |

NET CURRENT LIABILITIES | (192,543 | ) | (256,090 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 367,777 |  | 304,230 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | 8,082 |  |

NET ASSETS | 367,777 |  | 296,148 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1 |  | 1 |  |

Retained earnings | 367,776 |  | 296,147 |  |

SHAREHOLDERS' FUNDS | 367,777 |  | 296,148 |  |

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.

FORMULA MERCHANTS LTD (REGISTERED NUMBER: 06127081)

BALANCE SHEET - continued

31 DECEMBER 2025

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 1 July 2026 and were signed by:

A J Hieatt - Director

FORMULA MERCHANTS LTD (REGISTERED NUMBER: 06127081)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Formula Merchants Ltd 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.

| The presentation currency of the financial statements is the Euro (€).

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.

| Turnover

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

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

FORMULA MERCHANTS LTD (REGISTERED NUMBER: 06127081)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

€ |

| COST

| At 1 January 2025

| and 31 December 2025 | 560,320 |  |

| NET BOOK VALUE

| At 31 December 2025 | 560,320 |  |

| At 31 December 2024 | 560,320 |  |

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

2025 | 2024 |

€ | € |

| Trade debtors | 726,197 |  | 535,606 |  |

| Other debtors | 53,685 |  | 52,535 |  |

779,882 |  | 588,141 |  |

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

2025 | 2024 |

€ | € |

| Bank loans and overdrafts | 6,676 |  | 10,000 |  |

| Trade creditors | 111,543 |  | 80,086 |  |

| Taxation and social security | 96,933 |  | 24,798 |  |

| Other creditors | 900,126 |  | 817,355 |  |

1,115,278 |  | 932,239 |  |

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

2025 | 2024 |

€ | € |

| Bank loans | - |  | 8,082 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

€ | € |

| Bank loans | 6,676 |  | 18,082 |  |

| The bank loan is secured by a personal guarantee.

FORMULA MERCHANTS LTD (REGISTERED NUMBER: 06127081)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | € | € |

| 1 | Ordinary | £1 | 1 |  | 1 |  |