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REGISTERED NUMBER: 03240260 (England and Wales)

THERMAL DESIGNS UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2025 TO 31 DECEMBER 2025

THERMAL DESIGNS UK LIMITED (REGISTERED NUMBER: 03240260)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Period 1 July 2025 to 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

THERMAL DESIGNS UK LIMITED

COMPANY INFORMATION

for the Period 1 July 2025 to 31 December 2025

| DIRECTORS: | G T Baldwin

| B K Kelly

| REGISTERED OFFICE: | Broadway

| Market Lavington

| Devizes

| Wiltshire

| SN10 5RQ

| REGISTERED NUMBER: | 03240260 (England and Wales)

| ACCOUNTANT: | Clear Vision Accountancy Limited

| 1 Abacus House

| Newlands Road

| Corsham

| Wiltshire

| SN13 0BH

THERMAL DESIGNS UK LIMITED (REGISTERED NUMBER: 03240260)

BALANCE SHEET

31 December 2025

| 31/12/25 | 30/6/25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,414 |  | 2,953 |  |

CURRENT ASSETS

Stocks | 57,225 |  | 47,815 |  |

Debtors | 5 | 392,386 |  | 341,314 |  |

Cash at bank and in hand | 2,825 |  | 13,935 |  |

452,436 |  | 403,064 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,040,458 |  | 943,648 |  |

NET CURRENT LIABILITIES | (588,022 | ) | (540,584 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (584,608 | ) | (537,631 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (584,708 | ) | (537,731 | ) |

SHAREHOLDERS' FUNDS | (584,608 | ) | (537,631 | ) |

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

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

The directors acknowledge their responsibilities for:

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

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

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2026 and were signed on its behalf by:

B K Kelly - Director

THERMAL DESIGNS UK LIMITED (REGISTERED NUMBER: 03240260)

NOTES TO THE FINANCIAL STATEMENTS

for the Period 1 July 2025 to 31 December 2025

1. | STATUTORY INFORMATION

| Thermal Designs UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

| Turnover includes the service of applying thermal insulation to customer assets. Turnover is measured at the fair value of consideration received or receivable excluding any discounts, rebates and sales taxes, and represents invoiced fees and a provision for work in progress.

| Tangible fixed assets

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

| Long leasehold | - | 10% on cost

| Plant and machinery | - | 10 years and 5 years on mechanical items

| Fixtures and fittings | - | Straight line over 7 years

| Computer equipment | - | 33% on cost

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete items.

| The cost of stock is calculated using the first-in, first-out method and includes the cost price of the stock purchased.

| Work in progress is calculated by considering the agreed contracts of sales outstanding at the year end and multiplying each contract by the percentage of completeness at the balance sheet date.

| Taxation

| Taxation for the period 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 in force for the financial year being reported on.

| 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 period 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.

THERMAL DESIGNS UK LIMITED (REGISTERED NUMBER: 03240260)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Period 1 July 2025 to 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Going concern

| The directors have assessed whether the company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern given the continued support from their US owners.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 12 (2025 - 10 ) .

4. | TANGIBLE FIXED ASSETS

| Long |  | Plant and

| leasehold |  | Moulds |  | machinery

£ | £ | £ |

| COST

| At 1 July 2025 | 8,177 |  | 84,619 |  | 176,839 |  |

| Additions | - |  | - |  | - |  |

| At 31 December 2025 | 8,177 |  | 84,619 |  | 176,839 |  |

| DEPRECIATION

| At 1 July 2025 | 8,177 |  | 84,619 |  | 176,703 |  |

| Charge for period | - |  | - |  | 136 |  |

| At 31 December 2025 | 8,177 |  | 84,619 |  | 176,839 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | - |  | - |  |

| At 30 June 2025 | - |  | - |  | 136 |  |

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 July 2025 | 2,401 |  | 15,682 |  | 287,718 |  |

| Additions | - |  | 1,568 |  | 1,568 |  |

| At 31 December 2025 | 2,401 |  | 17,250 |  | 289,286 |  |

| DEPRECIATION

| At 1 July 2025 | 1,858 |  | 13,408 |  | 284,765 |  |

| Charge for period | 172 |  | 799 |  | 1,107 |  |

| At 31 December 2025 | 2,030 |  | 14,207 |  | 285,872 |  |

| NET BOOK VALUE

| At 31 December 2025 | 371 |  | 3,043 |  | 3,414 |  |

| At 30 June 2025 | 543 |  | 2,274 |  | 2,953 |  |

THERMAL DESIGNS UK LIMITED (REGISTERED NUMBER: 03240260)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Period 1 July 2025 to 31 December 2025

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

| 31/12/25 |  | 30/6/25

£ | £ |

| Trade debtors | 110,362 |  | 125,540 |  |

| Other debtors | 282,024 |  | 215,774 |  |

392,386 |  | 341,314 |  |

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

| 31/12/25 |  | 30/6/25

£ | £ |

| Bank loans and overdrafts | 550 |  | 16,485 |  |

| Trade creditors | 33,574 |  | 29,534 |  |

| Amounts owed to group undertakings | 972,757 |  | 870,850 |  |

| Taxation and social security | 17,630 |  | 9,436 |  |

| Other creditors | 15,947 |  | 17,343 |  |

1,040,458 |  | 943,648 |  |

7. | SECURED DEBTS

| Included in other debtors is a rental deposit relating to a rent deposit deed with Gaiger Brothers Limited.

| The company also has an outstanding mortgage debenture with National Westminster Bank PLC, which includes charges over property and assets.

8. | RELATED PARTY DISCLOSURES

| During the period transactions were undertaken with Thermal Designs Inc, the parent company registered to 5352 Prudence Street, Houston, Texas, 77045 USA.

| During the period costs of £135,668 (18 months to June 2025 - £212,968) were charged by Thermal Designs Inc, the parent company, for the purchase of stock and materials as well as central management and licence fees.

| During the period sales were made to Thermal Designs Inc, the parent company, of £7,738 (18 months to June 2025 - £90,091)

| At the balance sheet date there remained an amount outstanding to be paid to Thermal Designs Inc of £972,757 (18 months to June 2025 - £870,850) and this is included in creditors.