Company Registration No. 00731273 (England and Wales)
TRUVOX INTERNATIONAL LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025
3 Acorn Business Centre
Northarbour Road
Cosham
Portsmouth
Hampshire
PO6 3TH
TRUVOX INTERNATIONAL LIMITED
CONTENTS
Page
Company information
1
Strategic report
2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 8
Group statement of comprehensive income
9
Group balance sheet
10
Company balance sheet
11 - 12
Group statement of changes in equity
13
Company statement of changes in equity
14
Group statement of cash flows
15
Notes to the financial statements
16 - 35
TRUVOX INTERNATIONAL LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr M R Eneas
Mr G R McVean
Ms K J Tacony-Humes
Mr K J Tacony
Mr K B Tacony
Company number
00731273
Registered office
Unit C (East)
Hamilton Business Park, Manaton Way
Botley Road, Hedge End
Southampton
Hampshire
SO30 2JR
Auditor
TC Group
3 Acorn Business Centre
Northarbour Road
Cosham
Portsmouth
Hampshire
PO6 3TH
Bankers
HSBC Plc
31 Holborn
Holborn Circus
London
United Kingdom
EC12 2HR
Solicitors
Moore Barlow LLP
Gateway House
Tollgate
Chandler's Ford
Eastleigh
SO53 3TG
TRUVOX INTERNATIONAL LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -

The directors present the strategic report for the year ended 31 December 2025.

Fair review of the business

Throughout 2025, the Group continued to strengthen its global footprint and operational performance. The full activation of our 3PL facilities in Jebel Ali and Widem, Belgium delivered significant improvements to our European logistics capability. These hubs have enhanced delivery speed, reliability, and service levels for our key partners across Europe, while supporting our strategy of holding inventory close to market to capitalise on international growth opportunities.

The year closed with two particularly strong trading months. Although our final sales result came in slightly below the 2025 plan, we nonetheless delivered another year of profitable performance, achieving total revenue of £11.629m. The consistent demand across many of our core markets, combined with improved supply chain efficiency, places us in a strong position for the year ahead.

Our strategic focus on the GCC region continued to progress positively. The appointment of an experienced regional sales manager significantly enhanced our presence and capability in this key market. Supported by locally held inventory in Jebel Ali, we are now able to offer customers in the region greatly reduced shipping times—an advantage that has been met with clear enthusiasm from our partners and is expected to generate further growth opportunities.

Principal risks and uncertainties

The Group continues to monitor several external risks, including the impact of additional US tariffs affecting certain products sourced from our US facilities. Our parent company has proactively mitigated a portion of these pressures by transitioning several manufacturing partnerships from China to alternative Asian markets, reducing our exposure to tariff related cost increases.

All key business risks are reviewed on a regular basis, and robust processes remain in place to monitor, manage, and mitigate them effectively. The Board is confident that the Group’s governance structure and risk management framework continue to support stable and sustainable business operations.

Key performance indicators

The group’s key financial performance indicators during the year were as follows:

| Unit | 2025 | 2024
Turnover | £ | £11,629k | £10,763k
Gross profit | £ | £4,304k | £4,028k
Gross profit margin | % | 37.0% | 37.4%
Profit before tax | £ | £7 18 k | £693k

On behalf of the board

Mr G R McVean
Director
23 March 2026
TRUVOX INTERNATIONAL LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the group remains the design, manufacture, and distribution of high quality cleaning equipment to customers worldwide.

Results and dividends

No ordinary dividends were paid. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr M R Eneas
Mr G R McVean
Ms K J Tacony-Humes
Mr K J Tacony
Mr K B Tacony
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
Mr G R McVean
Director
23 March 2026
TRUVOX INTERNATIONAL LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

TRUVOX INTERNATIONAL LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TRUVOX INTERNATIONAL LIMITED
- 5 -
Opinion

We have audited the financial statements of Truvox International Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 31 December 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

TRUVOX INTERNATIONAL LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TRUVOX INTERNATIONAL LIMITED
- 6 -

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

TRUVOX INTERNATIONAL LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TRUVOX INTERNATIONAL LIMITED
- 7 -
Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

TRUVOX INTERNATIONAL LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TRUVOX INTERNATIONAL LIMITED
- 8 -

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Tom Harris ACA (Senior Statutory Auditor)
For and on behalf of TC Group
23 March 2026
Statutory Auditor
3 Acorn Business Centre
Northarbour Road
Cosham
Portsmouth
Hampshire
TRUVOX INTERNATIONAL LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
2025
2024
Notes
£
£
Turnover
3
11,629,119
10,763,097
Cost of sales
(7,325,356)
(6,735,235)
Gross profit
4,303,763
4,027,862
Distribution costs
(2,167,593)
(2,135,752)
Administrative expenses
(1,417,078)
(1,196,926)
Operating profit
4
719,092
695,184
Interest receivable and similar income
7
1,390
-
0
Interest payable and similar expenses
8
(2,048)
(1,886)
Profit before taxation
718,434
693,298
Tax on profit
9
(180,435)
(168,167)
Profit for the financial year
537,999
525,131
Other comprehensive income
Currency translation gain/(loss) arising in the year
4,599
(3,284)
Total comprehensive income for the year
542,598
521,847
Profit for the financial year is all attributable to the owners of the parent company.
Total comprehensive income for the year is all attributable to the owners of the parent company.
TRUVOX INTERNATIONAL LIMITED
GROUP BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
11
24,865
39,622
Tangible assets
12
393,458
615,960
418,323
655,582
Current assets
Stocks
15
4,644,134
3,425,082
Debtors
16
3,416,580
3,071,822
Cash at bank and in hand
346,796
517,889
8,407,510
7,014,793
Creditors: amounts falling due within one year
17
(2,394,011)
(1,743,170)
Net current assets
6,013,499
5,271,623
Total assets less current liabilities
6,431,822
5,927,205
Provisions for liabilities
Provisions
18
80,000
80,000
Deferred tax liability
19
64,648
102,629
(144,648)
(182,629)
Net assets
6,287,174
5,744,576
Capital and reserves
Called up share capital
21
1,000,000
1,000,000
Other reserves
(1,688)
(6,287)
Profit and loss reserves
5,288,862
4,750,863
Total equity
6,287,174
5,744,576

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 23 March 2026 and are signed on its behalf by:
23 March 2026
Mr G R McVean
Director
Company registration number 00731273 (England and Wales)
TRUVOX INTERNATIONAL LIMITED
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
11
24,865
39,622
Tangible assets
12
393,458
615,960
Investments
14
8,859
8,859
427,182
664,441
Current assets
Stocks
15
4,644,134
3,425,082
Debtors
16
3,408,156
3,063,067
Cash at bank and in hand
342,590
512,950
8,394,880
7,001,099
Creditors: amounts falling due within one year
17
(2,473,437)
(1,808,534)
Net current assets
5,921,443
5,192,565
Total assets less current liabilities
6,348,625
5,857,006
Provisions for liabilities
Provisions
18
80,000
80,000
Deferred tax liability
19
64,648
102,629
(144,648)
(182,629)
Net assets
6,203,977
5,674,377
Capital and reserves
Called up share capital
21
1,000,000
1,000,000
Profit and loss reserves
5,203,977
4,674,377
Total equity
6,203,977
5,674,377

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £529,600 (2024 - £516,840 profit).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

TRUVOX INTERNATIONAL LIMITED
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 12 -
The financial statements were approved by the board of directors and authorised for issue on 23 March 2026 and are signed on its behalf by:
23 March 2026
Mr G R McVean
Director
Company registration number 00731273 (England and Wales)
TRUVOX INTERNATIONAL LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 13 -
Share capital
Currency translation reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 January 2024
1,000,000
(3,003)
4,225,732
5,222,729
Year ended 31 December 2024:
Profit for the year
-
-
525,131
525,131
Other comprehensive income:
Currency translation differences
-
(3,284)
-
0
(3,284)
Total comprehensive income
-
(3,284)
525,131
521,847
Balance at 31 December 2024
1,000,000
(6,287)
4,750,863
5,744,576
Year ended 31 December 2025:
Profit for the year
-
-
537,999
537,999
Other comprehensive income:
Currency translation differences
-
4,599
-
0
4,599
Total comprehensive income
-
4,599
537,999
542,598
Balance at 31 December 2025
1,000,000
(1,688)
5,288,862
6,287,174
TRUVOX INTERNATIONAL LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 14 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2024
1,000,000
4,157,537
5,157,537
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
516,840
516,840
Balance at 31 December 2024
1,000,000
4,674,377
5,674,377
Year ended 31 December 2025:
Profit and total comprehensive income
-
529,600
529,600
Balance at 31 December 2025
1,000,000
5,203,977
6,203,977
TRUVOX INTERNATIONAL LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 15 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
26
35,081
350,372
Interest paid
(2,048)
(1,886)
Income taxes paid
(189,933)
(187,181)
Net cash (outflow)/inflow from operating activities
(156,900)
161,305
Investing activities
Purchase of intangible assets
-
(14,860)
Purchase of tangible fixed assets
(20,182)
(103,648)
Proceeds from disposal of tangible fixed assets
-
62,268
Interest received
1,390
-
0
Net cash used in investing activities
(18,792)
(56,240)
Net (decrease)/increase in cash and cash equivalents
(175,692)
105,065
Cash and cash equivalents at beginning of year
517,889
416,108
Effect of foreign exchange rates
4,599
(3,284)
Cash and cash equivalents at end of year
346,796
517,889
TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 16 -
1
Accounting policies
Company information

Truvox International Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Unit C (East), Hamilton Business Park, Manaton Way, Botley Road, Hedge End, Southampton, Hampshire, SO30 2JR.

The group consists of Truvox International Limited and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 17 -
1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Truvox International Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates. Control is achieved when the Company:

• has power over the investee;

• is exposed, or has rights to, variable returns from its involvement with the investee; and

• has the ability to use its power to affect its returns

The Company reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.

All financial statements are made up to 31 December 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.4
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 18 -
1.5
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue 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 d elivery 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.

1.6
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software and website development
20% straight line
1.7
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
over the remaining term of the lease
Plant and equipment
20% to 50% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.8
Fixed asset investments

I n the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment.

TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 19 -

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.10
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Cost is calculated using the weighted average method.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 20 -
1.11
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.12
Financial instruments

The group 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 group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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 m ethod 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.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

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 group after deducting all of its liabilities.

TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 21 -
Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, 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 paymen ts 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.

1.13
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.14
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 22 -
1.15
Provisions

Provisions are recognised when the group has a legal or constructive present obligation as a result of a past event, it is probable that the group will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.16
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.17
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.18
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

1.19
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

On consolidation, the assets and liabilities of the Group's operations are translated at exchange rates prevailing on the Statement of Financial Position date. Income and expense items are translated at average exchange rates for the year. All resulting exchange differences are recognised in other comprehensive income.

|  | 31 Dec 2025 | 31 Dec 2024

|  | Closing rate | Average rate | Closing rate | Average rate
Currency equivalent in £1 | £ | £ | £ | £
Euro | EUR | 1.1454 | 1.1672 | 1.2099 | 1.1815

TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 23 -
2
Judgements and key sources of estimation uncertainty

In the application of the group’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 associated 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 revision affects both current and future periods.

Key sources of estimation uncertainty

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

Stock Provision

The Group holds inventories of finished goods and spare parts used in commercial floorcare equipment. Management reviews inventory at each reporting date to identify items which may be slow-moving or obsolete.

The provision for obsolete inventory is calculated using historical consumption data, whereby the usage of each inventory item over the previous twelve months is analysed to estimate the quantity expected to be utilised in future periods. Inventory quantities in excess of this expected consumption level are provided for as obsolete.

In applying this methodology, management exercises judgement in determining the period over which inventory items are expected to be consumed, taking into account factors such as product lifecycle, historic demand patterns and the ability to rework or repurpose certain components.

Changes in these assumptions may impact the level of provision recognised in future periods.

3
Turnover

An analysis of the group's turnover is as follows:

2025
2024
£
£
Turnover analysed by geographical market
Europe, Middle East, and Africa (EMEA)
4,195,881
3,607,139
Rest of the World (ROW)
3,904,778
3,179,247
United Kingdom and Ireland (UKI)
3,298,318
3,725,663
North America (NA)
230,142
251,048
11,629,119
10,763,097

All turnover derives from the sale of floor maintenance equipment.

TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 24 -
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Exchange gains
(2,248)
(522)
Fees payable to the group's auditor for the audit of the group's financial statements
24,000
19,800
Depreciation of owned tangible fixed assets
208,742
258,646
Loss/(profit) on disposal of tangible fixed assets
1,667
(35,632)
Amortisation of intangible assets
47,032
18,189
(Profit)/loss on disposal of intangible assets
-
24,506
Stocks impairment losses recognised or reversed
85,343
(63,849)
Operating lease charges
242,993
199,693
5
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
39
42
37
40

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
1,717,025
1,588,982
1,717,025
1,588,982
Social security costs
248,403
219,137
248,403
219,137
Pension costs
120,142
119,686
120,142
119,686
2,085,570
1,927,805
2,085,570
1,927,805
TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 25 -
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
335,715
323,093
Company pension contributions to defined contribution schemes
86,301
87,056
422,016
410,149
Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
243,860
232,122
Company pension contributions to defined contribution schemes
38,434
39,379
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
1,390
-
0
8
Interest payable and similar expenses
2025
2024
£
£
Other interest
2,048
1,886
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
218,416
193,201
Adjustments in respect of prior periods
-
0
(4,264)
Total current tax
218,416
188,937
TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
9
Taxation
2025
2024
£
£
(Continued)
- 26 -
Deferred tax
Origination and reversal of timing differences
(37,981)
(12,187)
Adjustment in respect of prior periods
-
0
(8,583)
Total deferred tax
(37,981)
(20,770)
Total tax charge
180,435
168,167

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
718,434
693,298
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
179,609
173,325
Tax effect of expenses that are not deductible in determining taxable profit
816
7,293
Adjustments in respect of prior years
-
0
(4,264)
Effect of overseas tax rates
10
396
Deferred tax adjustments in respect of prior years
-
0
(8,583)
Taxation charge
180,435
168,167
10
Impairments

Impairment tests have been carried out where appropriate and the following impairment losses have been recognised in profit or loss:

2025
2024
Notes
£
£
In respect of:
Stocks
15
85,343
(63,849)
Recognised in:
Cost of sales
85,343
(63,849)
TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 27 -
11
Intangible fixed assets
Group
Software and website development
£
Cost
At 1 January 2025
243,311
Disposals
(10,983)
Transfers
21,531
At 31 December 2025
253,859
Amortisation and impairment
At 1 January 2025
203,689
Amortisation charged for the year
47,032
Disposals
(10,983)
Transfers
(10,744)
At 31 December 2025
228,994
Carrying amount
At 31 December 2025
24,865
At 31 December 2024
39,622
Company
Software and website development
£
Cost
At 1 January 2025
243,311
Disposals
(10,983)
Transfers
21,531
At 31 December 2025
253,859
Amortisation and impairment
At 1 January 2025
203,689
Amortisation charged for the year
47,032
Disposals
(10,983)
Transfers
(10,744)
At 31 December 2025
228,994
TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
11
Intangible fixed assets
(Continued)
- 28 -
Carrying amount
At 31 December 2025
24,865
At 31 December 2024
39,622
12
Tangible fixed assets
Group
Leasehold improvements
Plant and equipment
Total
£
£
£
Cost
At 1 January 2025
489,785
1,273,201
1,762,986
Additions
-
0
20,182
20,182
Disposals
(5,963)
(163,147)
(169,110)
Transfers
14,668
(36,199)
(21,531)
Exchange adjustments
-
0
22
22
At 31 December 2025
498,490
1,094,059
1,592,549
Depreciation and impairment
At 1 January 2025
285,945
861,081
1,147,026
Depreciation charged in the year
50,707
158,035
208,742
Eliminated in respect of disposals
(4,294)
(163,149)
(167,443)
Transfers
14,667
(3,923)
10,744
Exchange adjustments
-
0
22
22
At 31 December 2025
347,025
852,066
1,199,091
Carrying amount
At 31 December 2025
151,465
241,993
393,458
At 31 December 2024
203,840
412,120
615,960
TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
12
Tangible fixed assets
(Continued)
- 29 -
Company
Leasehold improvements
Plant and equipment
Total
£
£
£
Cost
At 1 January 2025
489,785
1,272,670
1,762,455
Additions
-
0
20,182
20,182
Disposals
(5,963)
(163,147)
(169,110)
Transfers
14,668
(36,199)
(21,531)
At 31 December 2025
498,490
1,093,506
1,591,996
Depreciation and impairment
At 1 January 2025
285,945
860,550
1,146,495
Depreciation charged in the year
50,707
158,035
208,742
Eliminated in respect of disposals
(4,294)
(163,149)
(167,443)
Transfers
14,667
(3,923)
10,744
At 31 December 2025
347,025
851,513
1,198,538
Carrying amount
At 31 December 2025
151,465
241,993
393,458
At 31 December 2024
203,840
412,120
615,960

During the year, management undertook a detailed review of the Company’s fixed asset register with the objective of improving the quality and organisation of the underlying records. As part of this process, assets were reviewed to confirm their continued use within the business and to ensure that they were appropriately categorised.

As a result, certain assets have been reclassified between asset categories in the current year to align the financial statement presentation with the revised asset register. In addition, a number of legacy assets which were fully depreciated and no longer in use by the business were derecognised.

These adjustments primarily affect the presentation of gross cost and accumulated depreciation between asset categories and do not give rise to a material impact on the Company’s net book value or profit for the year.

13
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Truvox International SARL
38 Rue de Berri, 75008 Paris, France
Trading
Ordinary
100.00
TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 30 -
14
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
13
-
0
-
0
8,859
8,859
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2025 and 31 December 2025
8,859
Carrying amount
At 31 December 2025
8,859
At 31 December 2024
8,859
15
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Finished goods and goods for resale
4,644,134
3,425,082
4,644,134
3,425,082

Finished goods stock is shown net of an impairment allowance, which totals £134,863 (202 4: £49,519). The associated impairment expense has been recorded in cost of sales.

16
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
3,025,056
2,728,417
3,025,056
2,728,418
Other debtors
275,754
226,161
267,402
217,581
Prepayments and accrued income
115,770
117,244
115,698
117,068
3,416,580
3,071,822
3,408,156
3,063,067

Trade debtors is shown net of a bad debt allowance, which totals £134,216 (2024: £43,186). The associated movement has been recorded in administrative expenses.

TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 31 -
17
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
£
£
£
£
Trade creditors
1,111,294
528,168
1,102,893
522,101
Amounts owed to group undertakings
18,670
-
0
109,818
84,990
Corporation tax payable
142,410
113,927
139,597
111,264
Other taxation and social security
59,372
101,881
59,372
101,881
Other creditors
5,315
14,111
3,622
3,478
Accruals and deferred income
1,056,950
985,083
1,058,135
984,820
2,394,011
1,743,170
2,473,437
1,808,534
18
Provisions for liabilities
Group
Company
2025
2024
2025
2024
£
£
£
£
Leasehold dilapidations
80,000
80,000
80,000
80,000
Movements on provisions:
Leasehold dilapidations
Group
£
At 1 January 2025 and 31 December 2025
80,000
Leasehold dilapidations
Company
£
At 1 January 2025 and 31 December 2025
80,000

The dilapidations provision totalling £80,000 (2024: £80,000) is expected to realise in greater than one year.

TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 32 -
19
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
70,654
120,746
Retirement benefit obligations
(1,756)
(4,942)
Provisions
(4,250)
(13,175)
64,648
102,629
Liabilities
Liabilities
2025
2024
Company
£
£
Accelerated capital allowances
70,654
120,746
Retirement benefit obligations
(1,756)
(4,942)
Provisions
(4,250)
(13,175)
64,648
102,629
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 January 2025
102,629
102,629
Credit to profit or loss
(37,981)
(37,981)
Liability at 31 December 2025
64,648
64,648

T he deferred tax liability set out above is not expected to reverse within 12 months and primarily relates to accelerated capital allowances that are expected to mature after 12 months.

TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 33 -
20
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
120,142
119,686

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

21
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000,000
1,000,000
1,000,000
1,000,000
22
Currency translation reserve

The currency translation reserve relates to exchange differences held separately that arise on the consolidation of foreign-controlled subsidiaries. These exchange differences are recognised through other comprehensive income and are non-distributable.

23
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
263,693
279,626
248,088
260,000
Between two and five years
677,738
990,490
677,738
975,000
Lessee commitments
941,431
1,270,116
925,826
1,235,000
TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 34 -
24
Related party transactions
Transactions with related parties

During the year the group entered into the following transactions with related parties:

Sales
Sales
Purchases
Purchases
2025
2024
2025
2024
£
£
£
£
Company
Entities with control, joint control or significant influence over the company
245,645
340,409
570,481
463,694
Entities over which the company has control, joint control or significant influence
186,876
182,565
198,089
193,519

The following amounts were outstanding at the reporting end date:

Amounts due to related parties
2025
2024
£
£
Company
Entities with control, joint control or significant influence over the company
8,677
-
Entities over which the company has control, joint control or significant influence
79,767
84,990
25
Controlling party

Truvox International Limited is a wholly owned subsidiary of Tacony Corporation who prepare consolidated financial statements. These financial statements represent the smallest and largest group in which Truvox International Limited is consolidated.
The company's immediate parent is Tacony Corporation whose registered office is: 1760 Gilsinn Ln Fenton, MO, 63026-2044 United States.
There is no single ultimate controlling party.

TRUVOX INTERNATIONAL LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 35 -
26
Cash generated from group operations
2025
2024
£
£
Profit for the year after tax
537,999
525,131
Adjustments for:
Taxation charged
180,435
168,167
Finance costs
2,048
1,886
Investment income
(1,390)
-
0
Loss/(gain) on disposal of tangible fixed assets
1,667
(35,632)
(Gain)/loss on disposal of intangible assets
-
24,506
Amortisation and impairment of intangible assets
47,032
18,189
Depreciation and impairment of tangible fixed assets
208,742
258,646
Movements in working capital:
(Increase)/decrease in stocks
(1,219,052)
277,802
Increase in debtors
(344,758)
(527,200)
Increase/(decrease) in creditors
622,358
(361,123)
Cash generated from operations
35,081
350,372
27
Analysis of changes in net funds - group
1 January 2025
Cash flows
Exchange rate movements
31 December 2025
£
£
£
£
Cash at bank and in hand
517,889
(175,692)
4,599
346,796
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