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Registration number: 06309826

Firewire Surfboards UK Limited
Filleted Financial Statements
for the Year Ended 31 December 2025

Firewire Surfboards UK Limited

Contents

Company Information | 1
Statement of Financial Position | 2
Statement of Changes in Equity | 3
Notes to the Financial Statements | 4 to 7

Firewire Surfboards UK Limited

Company Information

Director | Mr D Slater

Registered office | Unit 7 Sonar Portsmouth Limberline Road Portsmouth PO3 5GR

Auditors | Westcotts (SW) LLP Plym House 3 Longbridge Road Marsh Mills Plymouth Devon PL6 8LT

Firewire Surfboards UK Limited

(Registration number: 06309826)
Statement of Financial Position as at 31 December 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Stocks |  | 299,059 | 259,399
Debtors | 4 | 493,175 | 474,339
Cash at bank and in hand |  | 53,497 | 72,874
|  | 845,731 | 806,612
Creditors: Amounts falling due within one year | 5 | (59,923) | (80,589)
Net assets |  | 785,808 | 726,023
Capital and reserves |  |  |
Called up share capital | 7 | 10,000 | 10,000
Share premium reserve |  | 92,995 | 92,995
Profit and loss account |  | 682,813 | 623,028
Shareholders' funds |  | 785,808 | 726,023

These financial statements have been prepared and 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 director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 9 July 2026

Mr D Slater Director

Firewire Surfboards UK Limited

Statement of Changes in Equity for the Year Ended 31 December 2025

| Share capital £ | Share premium £ | Profit and loss account £ | Total £
At 1 January 2025 | 10,000 | 92,995 | 623,028 | 726,023
Profit for the year | - | - | 59,785 | 59,785
At 31 December 2025 | 10,000 | 92,995 | 682,813 | 785,808

| Share capital £ | Share premium £ | Profit and loss account £ | Total £
At 1 January 2024 | 10,000 | 92,995 | 661,801 | 764,796
Loss for the year | - | - | (38,773) | (38,773)
At 31 December 2024 | 10,000 | 92,995 | 623,028 | 726,023

Firewire Surfboards UK Limited

Notes to the Financial Statements for the Year Ended 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:
Unit 7
Sonar Portsmouth
Limberline Road
Portsmouth
PO3 5GR
England

Principal activity

The principal activity of the company is that of the selling of surfboards and accessories.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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 years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Firewire Surfboards UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Firewire Surfboards UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 98,801 | 175,060
Amounts owed by groups | 8 | 358,848 | 258,566
Other debtors |  | 35,526 | 40,713
|  | 493,175 | 474,339

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 7,909 | 6,464
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 8 | 42,675 | 64,441
Other creditors |  | 9,339 | 9,684
|  | 59,923 | 80,589

A fixed and floating charge is in place over all present and future assets of the company.

Firewire Surfboards UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

6 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary 'A' Shares of £1 each | 5,001 | 5,001 | 5,001 | 5,001
Ordinary 'B' Shares of £1 each | 4,999 | 4,999 | 4,999 | 4,999
| 10,000 | 10,000 | 10,000 | 10,000

8 | Related party transactions

The company has taken advantage of the exemption under Section 33 of FRS 102 and has not disclosed transactions with related parties, as permitted for small entities.

9 | Parent and ultimate parent undertaking

The company at the year end was owned 100% by Firewire Ltd, a company incorporated in Australia. The registered office of Firewire Ltd is Unit 1, 49 Currumbin Creek Road, Currumbin Waters, Queensland 4223. Firewire Ltd is owned 73% by Eco-Pivot LLC, a company incorporated in America. Eco-Pivot LLC is controlled by K Slater. The registered office address of Eco-Pivot LLC is 2270 Cosmos Court, STE 120, Carlsbad, California 92109.

10 | Summary audit opinion

The Independent Auditor's Report was unqualified . The name of the Senior Statutory Auditor who signed the audit report on 9 July 2026 was Veronique Croney, who signed for and on behalf of Westcotts (SW) LLP.

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