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Company registration number: 01944778
Roberts of Port Dinorwic Limited
Financial statements
31 December 2025
Roberts of Port Dinorwic Limited
Contents
Directors and other information
Strategic report
Directors report
Independent auditor's report to the members
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Statement of cash flows
Notes to the financial statements
Roberts of Port Dinorwic Limited
Directors and other information

| Directors | Ms Sara Roberts | (Resigned 25 September 2025)
|  | Mrs Miriam Williams |
|  | Mr Mark Rodgers | (Appointed 25 September 2025)
|  | Mrs Annette Dobbie | (Appointed 1 December 2025)
| Secretary | Sara Roberts |
| Company number | 01944778 |
| Registered office | Griffiths Crossing Industrial Estate |
|  | Caernarfon |
|  | Gwynedd |
|  | LL55 1TS |
| Business address | Griffiths Crossing Industrial Estate |
|  | Caernarfon |
|  | Gwynedd |
|  | LL55 1TS |
| Auditor | WJ Matthews & Son |
|  | 11-15 Bridge Street |
|  | Caernarfon |
|  | Gwynedd |
|  | LL55 1AB |
| Accountants | WJ Matthews & Son |
|  | 11-15 Bridge Street |
|  | Caernarfon |
|  | Gwynedd |
|  | LL55 1AB |

| Bankers | Lloyds Bank plc
|  | 268 High Street
|  | Bangor
|  | Gwynedd
|  | LL57 1RT

Roberts of Port Dinorwic Limited
Strategic report
Year ended 31 December 2025
The year to 31 December 2025 was one of significant transition for Roberts of Port Dinorwic Limited, marked by challenging trading conditions in the first half of the year and the successful sale of the company to new ownership in September 2025. Despite the difficult economic backdrop, the business remained resilient and entered 2026 with renewed momentum, strengthened leadership, and a clearer strategic focus.
Business review
Turnover for the year was £13.56m (2024: £14.33m), reflecting continued pressure on consumer spending and the impact of inflation on household budgets. Gross profit increased to £3.80m (2024: £3.23m), with margin improvement driven by tighter cost control, operational efficiencies, and more disciplined pricing.
Administrative expenses increased to £3.89m (2024: £2.99m), partly due to one off professional fees associated with the ownership transition and restructuring activities undertaken during the year. As a result, the company recorded an operating loss of £333k (2024: £70k loss) and a total comprehensive loss of £337k (2024: £114k loss).
The balance sheet remains robust, with net assets of £4.13m (2024: £4.52m). Cash balances of £847k (2024: £1.08m) continue to provide a solid liquidity base, and the company has maintained strong relationships with its lenders and suppliers throughout the year.
Ownership transition and restructuring
On 25 September 2025, the company was acquired by Roberts of Port Dinorwic Holdings Limited. The new ownership has brought additional strategic support and investment, enabling the business to accelerate operational improvements and strengthen its long term growth platform.
A focused restructuring programme was initiated in late 2025 to streamline processes, enhance financial reporting, and improve operational efficiency. These changes have already delivered positive results, with the first months of 2026 showing a return to profitability and improved trading performance.
Key performance indicators (KPIs)
The directors monitor a range of financial and non financial KPIs to assess performance and guide decision making. Key measures for 2025 included:
- Turnover: £13.56m (2024: £14.33m)
- Gross margin: 28.0% (2024: 22.5%)
- Cash at bank: £847k (2024: £1.08m)
- Operating result: £333k loss (2024: £70k loss)
Non financial KPIs continue to focus on product quality, customer satisfaction, staff engagement, and operational efficiency. The company's values of honesty, energy, authenticity, trust and respect remain central to its culture and decision making.
Principal risks and uncertainties
The business faces a number of risks and uncertainties, including:
- Economic conditions: inflation, interest rates and consumer confidence continue to influence demand.
- Supply chain resilience: availability and cost of raw materials remain areas of focus.
- Labour market pressures: recruitment and retention are key to maintaining service levels and operational capability.
- Regulatory compliance: food safety, environmental standards and employment legislation require ongoing attention.
- Systems and cyber security: investment in technology and controls remains essential.
The Board regularly reviews these risks and has implemented mitigation strategies including diversified sourcing, strengthened financial controls, investment in staff development, and enhanced IT security measures.
Outlook
Following the ownership transition and restructuring undertaken in late 2025, the business has entered 2026 with a stronger operational foundation and renewed strategic direction. Trading in the early months of 2026 has been positive, with the company returning to profitability and demonstrating improved stability across key performance areas.
Forecasts prepared by management indicate a return to sustainable profitability for the full year, supported by continued investment, operational improvements, and the strategic guidance of the new ownership. The directors remain confident in the company's long term prospects and its ability to deliver value for customers, employees and shareholders.
This report was approved by the board of directors on 15 July 2026 and signed on behalf of the board by:
Mrs Miriam Williams
Director
Roberts of Port Dinorwic Limited
Directors report
Year ended 31 December 2025
The directors present their report and the financial statements of the company for the year ended 31 December 2025.
Directors
The directors who served the company during the year were as follows:

Ms Sara Roberts |  |  |  | (Resigned 25 September 2025)
Mrs Miriam Williams |  |  |  |
Mr Mark Rodgers |  |  |  | (Appointed 25 September 2025)
Mrs Annette Dobbie |  |  |  | (Appointed 1 December 2025)

Dividends
Particulars of recommended dividends are detailed in note 12 to the financial statements.
Future developments
The directors expect the company to continue building on the operational improvements implemented following the change in ownership in September 2025. Investment in systems, financial reporting, and process efficiency will remain a priority during 2026, with the aim of strengthening margins and supporting sustainable growth. Early trading in 2026 has been positive, and management forecasts indicate a return to profitability for the full year. The company will continue to focus on product quality, customer service, and operational resilience in order to enhance long term performance.
Financial instruments
The company is exposed to credit, liquidity and interest rate risk arising from its normal trading activities. These risks are managed through credit control procedures, regular cash flow monitoring and maintaining appropriate banking facilities. The company does not trade in financial instruments.
Disclosure of information in the strategic report.
The directors have prepared a strategic report in accordance with section 414A of the Companies Act 2006 and confirm that the report has been approved in accordance with section 414C(11).
Directors responsibilities statement
The directors are responsible for preparing the strategic report, directors 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 company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.
This report was approved by the board of directors on 15 July 2026 and signed on behalf of the board by:
Mrs Miriam Williams
Director
Roberts of Port Dinorwic Limited
Independent auditor's report to the members of
Roberts of Port Dinorwic Limited
Year ended 31 December 2025
Opinion
We have audited the financial statements of Roberts of Port Dinorwic Limited (the 'company') for the year ended 31 December 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 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 company's affairs as at 31 December 2025 and of its loss 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 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 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.
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. 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. In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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 the audit:
- the information given in the strategic report and the directors' report 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 has 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and the 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' responsibilities statement, 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 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 company or to cease operations, or have no realistic alternative but to do so.
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. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise noncompliance with applicable laws and regulations;- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector;- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including legislation such as the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, food safety and hygiene regulations, environmental legislation and health and safety legislation;- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;- considering the internal controls in place to mitigate risks of fraud and noncompliance with laws and regulations.To address the risk of fraud through management bias and override of controls, we:- performed analytical procedures to identify any unusual or unexpected relationships;- tested journal entries to identify unusual transactions;- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;- investigated the rationale behind significant or unusual transactions.In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:- agreeing financial statement disclosures to underlying supporting documentation;- reading the minutes of meetings of those charged with governance;- enquiring of management as to actual and potential litigation and claims;- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. we also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
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 auditors 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.
David Chidley (Senior Statutory Auditor)
For and on behalf of
WJ Matthews & Son
Statutory Auditor
11-15 Bridge Street
Caernarfon
Gwynedd
LL55 1AB
15 July 2026
Roberts of Port Dinorwic Limited
Statement of comprehensive income
Year ended 31 December 2025

|  |  |  | 2025 |  | 2024 |  |
|  | Note |  | £ |  | £ |  |
Turnover |  | 4 |  | 13,562,814 |  | 14,330,931 |  |
Cost of sales |  |  |  | ( 9,761,173) |  | ( 11,103,514) |  |
|  |  |  | _______ |  | _______ |  |
Gross profit |  |  |  | 3,801,641 |  | 3,227,417 |  |
Distribution costs |  |  |  | ( 297,739) |  | ( 317,840) |  |
Administrative expenses |  |  |  | ( 3,886,112) |  | ( 2,986,477) |  |
Other operating income |  | 5 |  | 49,507 |  | 7,061 |  |
|  |  |  | _______ |  | _______ |  |
Operating loss |  | 6 |  | ( 332,703) |  | ( 69,839) |  |
Other interest receivable and similar income |  | 9 |  | 771 |  | 8,585 |  |
Interest payable and similar expenses |  | 10 |  | ( 43,126) |  | ( 19,714) |  |
|  |  |  | _______ |  | _______ |  |
Loss before taxation |  |  |  | ( 375,058) |  | ( 80,968) |  |
Tax on loss |  | 11 |  | 37,613 |  | ( 32,916) |  |
|  |  |  | _______ |  | _______ |  |
Loss for the financial year and total comprehensive income |  |  |  | ( 337,445) |  | ( 113,884) |  |
|  |  |  | _______ |  | _______ |  |

All the activities of the company are from continuing operations.
Roberts of Port Dinorwic Limited
Statement of financial position
31 December 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 13 | 1,497,799 |  |  |  | 1,763,005 |  |
Investments |  | 14 | 1 |  |  |  | 1 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 1,497,800 |  |  |  | 1,763,006
Current assets |  |  |  |  |  |  |  |  |
Stocks |  | 15 | 1,722,815 |  |  |  | 1,775,620 |  |
Debtors |  | 16 | 3,165,516 |  |  |  | 2,201,142 |  |
Cash at bank and in hand |  |  | 847,231 |  |  |  | 1,077,199 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 5,735,562 |  |  |  | 5,053,961 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 17 | ( 2,168,180) |  |  |  | ( 1,785,151) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 3,567,382 |  |  |  | 3,268,810
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 5,065,182 |  |  |  | 5,031,816
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 18 |  |  | ( 696,988) |  |  |  | ( 227,434)
Provisions for liabilities |  | 20 |  |  | ( 230,778) |  |  |  | ( 285,821)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 4,137,416 |  |  |  | 4,518,561
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 24 |  |  | 200,000 |  |  |  | 200,000
Profit and loss account |  | 25 |  |  | 3,937,416 |  |  |  | 4,318,561
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 4,137,416 |  |  |  | 4,518,561
|  |  |  |  | _______ |  |  |  | _______

These financial statements were approved by the board of directors and authorised for issue on 15 July 2026 , and are signed on behalf of the board by:
Mrs Miriam Williams
Director
Company registration number: 01944778
Roberts of Port Dinorwic Limited
Statement of changes in equity
Year ended 31 December 2025

|  | Called up share capital |  | Profit and loss account | Total |  |  |  |  |
|  | £ |  | £ | £ |  |  |  |  |
At 1 January 2024 |  | 200,000 |  | 4,607,245 | 4,807,245 |  |  |  |  |
Loss for the year |  |  |  | ( 113,884) | ( 113,884) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | ( 113,884) | ( 113,884) |  |  |  |  |
Dividends paid and payable |  |  |  | ( 174,800) | ( 174,800) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total investments by and distributions to owners |  | - |  | ( 174,800) | ( 174,800) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 December 2024 and 1 January 2025 |  | 200,000 |  | 4,318,561 | 4,518,561 |  |  |  |  |
Loss for the year |  |  |  | ( 337,445) | ( 337,445) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | ( 337,445) | ( 337,445) |  |  |  |  |
Dividends paid and payable |  |  |  | ( 43,700) | ( 43,700) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total investments by and distributions to owners |  | - |  | ( 43,700) | ( 43,700) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 December 2025 |  | 200,000 |  | 3,937,416 | 4,137,416 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |

Roberts of Port Dinorwic Limited
Statement of cash flows
Year ended 31 December 2025

|  | 2025 |  | 2024 |
|  | £ |  | £ |
Cash flows from operating activities |  |  |  |  |
Loss for the financial year |  | ( 337,445) |  | ( 113,884) |
Adjustments for: |  |  |  |  |
Depreciation of tangible assets |  | 403,496 |  | 395,832 |
Government grant income |  | ( 49,507) |  | ( 7,061) |
Other interest receivable and similar income |  | ( 771) |  | ( 8,585) |
Interest payable and similar expenses |  | 43,126 |  | 19,714 |
Gain/(loss) on disposal of tangible assets |  | - |  | ( 237) |
Tax on loss |  | (54,766) |  | 50,069 |
Accrued expenses/(income) |  | ( 42,123) |  | ( 164,909) |
Changes in: |  |  |  |  |
Stocks |  | 52,805 |  | 55,067 |
Trade and other debtors |  | ( 964,374) |  | 1,015,275 |
Trade and other creditors |  | ( 70,345) |  | ( 197,188) |
|  | _______ |  | _______ |
Cash generated from operations |  | ( 1,019,904) |  | 1,044,093 |
Interest paid |  | ( 43,126) |  | ( 19,714) |
Interest received |  | 771 |  | 8,585 |
Tax paid |  | - |  | ( 137,248) |
|  | _______ |  | _______ |
Net cash (used in)/from operating activities |  | ( 1,062,259) |  | 895,716 |
|  | _______ |  | _______ |
Cash flows from investing activities |  |  |  |  |
Purchase of tangible assets |  | ( 138,290) |  | ( 561,622) |
Proceeds from sale of tangible assets |  | - |  | 6,316 |
|  | _______ |  | _______ |
Net cash used in investing activities |  | ( 138,290) |  | ( 555,306) |
|  | _______ |  | _______ |
Cash flows from financing activities |  |  |  |  |
Proceeds from borrowings |  | 1,063,678 |  | ( 13,767) |
Proceeds from loans from group undertakings |  | ( 20,010) |  | 20,010 |
Government grant income |  | 49,507 |  | 7,061 |
Payment of finance lease liabilities |  | ( 78,894) |  | 13,098 |
Equity dividends paid |  | ( 43,700) |  | ( 174,800) |
|  | _______ |  | _______ |
Net cash from/(used in) financing activities |  | 970,581 |  | ( 148,398) |
|  | _______ |  | _______ |
Net increase/(decrease) in cash and cash equivalents |  | ( 229,968) |  | 192,012 |
Cash and cash equivalents at beginning of year |  | 1,077,199 |  | 885,187 |
|  | _______ |  | _______ |
Cash and cash equivalents at end of year |  | 847,231 |  | 1,077,199 |
|  | _______ |  | _______ |

Roberts of Port Dinorwic Limited
Notes to the financial statements
Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in Wales. The address of the registered office is Griffiths Crossing Industrial Estate, Caernarfon, Gwynedd, LL55 1TS.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, except where otherwise stated in the accounting policies
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. In assessing the company’s financial position and future prospects, the directors have considered the impact of the sale of the company’s shares, which was completed in September 2025. Following the transaction, the business continues to operate under new ownership with additional funding and strategic support. The directors have reviewed post-sale trading performance and future forecasts and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis of preparation has been adopted,
Consolidation
The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of any part of the United Kingdom.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Long leasehold property | - | 2 % | straight line
| Plant and machinery | - | 15 % | straight line
| Fittings fixtures and equipment | - | 33 % | straight line
| Motor vehicles | - | 25 % | straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Turnover
Turnover arises from:

|  |  | 2025 | 2024
|  |  | £ | £
| Sale of goods |  | 13,562,814 | 14,330,931
|  |  | _______ | _______

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Other operating income

|  |  | 2025 | 2024
|  |  | £ | £
| Government grant income |  | 49,507 | 7,061
|  |  | _______ | _______

6. Operating loss
Operating loss is stated after charging/(crediting):

|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Depreciation of tangible assets |  |  | 403,496 | 395,832
| (Gain)/loss on disposal of tangible assets |  |  | - | ( 237)
| Impairment of trade debtors |  |  | - | 3,795
| Operating lease rentals |  |  | 55,436 | 51,775
| Foreign exchange differences |  |  | ( 12,876) | 22,878
| Fees payable for the audit of the financial statements |  |  | 16,000 | 15,400
|  |  |  | _______ | _______

7. Staff costs
The average number of persons employed by the company during the year, including the directors, amounted to:

|  |  | 2025 | 2024
| Production |  | 61 | 75
| Management |  | 18 | 13
|  |  | _______ | _______
|  |  | 79 | 88
|  |  | _______ | _______

The aggregate payroll costs incurred during the year were:

|  |  | 2025 | 2024
|  |  | £ | £
| Wages and salaries |  | 2,402,305 | 2,710,008
| Social security costs |  | 278,616 | 247,307
| Other pension costs |  | 103,235 | 91,914
|  |  | _______ | _______
|  |  | 2,784,156 | 3,049,229
|  |  | _______ | _______

8. Directors remuneration
The directors aggregate remuneration in respect of qualifying services was:

|  |  | 2025 | 2024
|  |  | £ | £
| Remuneration |  | 131,616 | 36,746
| Company contributions to pension schemes in respect of qualifying services |  | 20,900 | -
|  |  | _______ | _______
|  |  | 152,516 | 36,746
|  |  | _______ | _______

The number of directors who accrued benefits under company pension plans was as follows:

|  |  | 2025 | 2024
|  |  | Number | Number
| Defined contribution plans |  | 1 | 2
|  |  | _______ | _______

9. Other interest receivable and similar income

|  |  | 2025 | 2024
|  |  | £ | £
| Bank deposits |  | 771 | 8,577
| Other interest receivable and similar income |  | - | 8
|  |  | _______ | _______
|  |  | 771 | 8,585
|  |  | _______ | _______

10. Interest payable and similar expenses

|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Bank loans and overdrafts |  |  | 239 | 7,765
| Other loans made to the company: |  |  |  |
|  | Finance leases and hire purchase contracts |  | 7,178 | 11,949
|  | Other interest on other loans made to the company |  | 35,709 | -
|  |  |  | _______ | _______
|  |  |  | 43,126 | 19,714
|  |  |  | _______ | _______

11. Tax on loss
Major components of tax income/expense

|  |  | 2025 | 2024
|  |  | £ | £
| Current tax: |  |  |
| UK current tax expense |  | 277 | -
|  |  | _______ | _______
| Deferred tax: |  |  |
| Origination and reversal of timing differences |  | ( 37,890) | 32,916
|  |  | _______ | _______
| Tax on loss |  | ( 37,613) | 32,916
|  |  | _______ | _______

Reconciliation of tax income/expense
The tax assessed on the loss for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25.00 % (2024: 25.00%).

|  |  | 2025 | 2024
|  |  | £ | £
| Loss before taxation |  | ( 375,058) | ( 80,968)
|  |  | _______ | _______
| Loss multiplied by rate of tax |  | ( 93,765) | ( 20,242)
| Effect of expenses not deductible for tax purposes |  | 41,512 | 12,500
| Effect of capital allowances and depreciation |  | 3,701 | 3,669
| Effect of revenue exempt from tax |  | ( 6,127) | ( 1,765)
| Capital Grants |  | - | 38,754
| Effect of change in standard rate of tax |  | ( 87) | -
| Group loss relief utilised |  | 17,153 | -
|  |  | _______ | _______
| Tax on loss |  | ( 37,613) | 32,916
|  |  | _______ | _______

12. Dividends
Equity dividends

|  |  | 2025 | 2024
|  |  | £ | £
| Dividends paid during the year (excluding those for which a liability existed at the end of the prior year) |  | 43,700 | 174,800
|  |  | _______ | _______

13. Tangible assets

|  | Long leasehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total |  |
|  | £ | £ | £ | £ | £ |  |
| Cost |  |  |  |  |  |  |
| At 1 January 2025 | 741,810 | 7,983,324 | 348,924 | 80,501 | 9,154,559 |  |
| Additions | 1,780 | 129,712 | 6,798 | - | 138,290 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 31 December 2025 | 743,590 | 8,113,036 | 355,722 | 80,501 | 9,292,849 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| Depreciation |  |  |  |  |  |  |
| At 1 January 2025 | 299,870 | 6,725,957 | 316,725 | 49,002 | 7,391,554 |  |
| Charge for the year | 14,839 | 361,540 | 13,617 | 13,500 | 403,496 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 31 December 2025 | 314,709 | 7,087,497 | 330,342 | 62,502 | 7,795,050 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 December 2025 | 428,881 | 1,025,539 | 25,380 | 17,999 | 1,497,799 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 31 December 2024 | 441,940 | 1,257,367 | 32,199 | 31,499 | 1,763,005 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |

Obligations under finance leases
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

|  | Plant and machinery |  |  |  |  |  |
|  | £ |  |  |  |  |  |
| At 31 December 2025 | 93,842 |  |  |  |  |  |
|  | _______ |  |  |  |  |  |
| At 31 December 2024 | 164,032 |  |  |  |  |  |
|  | _______ |  |  |  |  |  |

14. Investments

|  | Shares in group undertakings | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 January 2025 and 31 December 2025 | 1 | 1 |  |  |  |
|  | _______ | _______ |  |  |  |
| Impairment |  |  |  |  |  |
| At 1 January 2025 and 31 December 2025 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 December 2025 | 1 | 1 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 December 2024 | 1 | 1 |  |  |  |
|  | _______ | _______ |  |  |  |

| Investments in group undertakings |  |  |  |
|  |  | Registered office | Class of share | Percentage of shares held
| Subsidiary undertakings |  |  |  |
| Purbani Frozen Food Limited |  | Griffiths Crossing, Caernarfon | Ordinary | 100

15. Stocks

|  |  | 2025 | 2024
|  |  | £ | £
| Raw materials |  | 870,405 | 610,046
| Finished goods |  | 852,410 | 1,165,574
|  |  | _______ | _______
|  |  | 1,722,815 | 1,775,620
|  |  | _______ | _______

16. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 1,811,039 | 1,912,747
| Amounts owed by group undertakings |  | 1,102,210 | -
| Deferred tax asset (note 21) |  | - | 17,153
| Prepayments and accrued income |  | 148,555 | 137,446
| Other debtors |  | 103,712 | 133,796
|  |  | _______ | _______
|  |  | 3,165,516 | 2,201,142
|  |  | _______ | _______

17. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 522,178 | -
| Trade creditors |  | 1,277,939 | 1,293,341
| Amounts owed to group undertakings |  | - | 20,010
| Accruals and deferred income |  | 258,030 | 300,153
| Corporation tax |  | 277 | -
| Social security and other taxes |  | 55,747 | 66,552
| Obligations under finance leases |  | 50,087 | 81,542
| Other creditors |  | 3,922 | 23,553
|  |  | _______ | _______
|  |  | 2,168,180 | 1,785,151
|  |  | _______ | _______

18. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 541,500 | -
| Accruals and deferred income |  | 155,488 | 179,995
| Obligations under finance leases |  | - | 47,439
|  |  | _______ | _______
|  |  | 696,988 | 227,434
|  |  | _______ | _______

On 25 September 2025, the company created a fixed and floating charge in favour of IGF Business Credit Limited, registered at Companies House. The security includes a fixed charge over the company's leasehold property at Griffiths Crossing Industrial Estate, Caernarfon together with a floating charge over the undertaking and assets of the company.
19. Obligations under finance leases
Company lessee
The total future minimum lease payments under finance lease agreements are as follows:

|  |  | 2025 | 2024
|  |  | £ | £
| Not later than 1 year |  | 49,292 | 81,542
| Later than 1 year and not later than 5 years |  | 1,858 | 51,149
|  |  | _______ | _______
|  |  | 51,150 | 132,691
| Less: future finance charges |  | ( 1,929) | ( 3,710)
|  |  | _______ | _______
| Present value of minimum lease payments |  | 49,221 | 128,981
|  |  | _______ | _______

20. Provisions

|  | Deferred tax (note 21) | Total |  |  |
|  | £ | £ |  |  |
| At 1 January 2025 | 285,821 | 285,821 |  |  |
| Charges against provisions | ( 55,043) | ( 55,043) |  |  |
|  | _______ | _______ |  |  |
| At 31 December 2025 | 230,778 | 230,778 |  |  |
|  | _______ | _______ |  |  |

21. Deferred tax
The deferred tax included in the statement of financial position is as follows:

|  |  | 2025 | 2024
|  |  | £ | £
| Included in debtors (note 16) |  | - | 17,153
| Included in provisions (note 20) |  | ( 230,778) | ( 285,821)
|  |  | _______ | _______
|  |  | ( 230,778) | ( 268,668)
|  |  | _______ | _______

The deferred tax account consists of the tax effect of timing differences in respect of:

|  |  | 2025 | 2024
|  |  | £ | £
| Accelerated capital allowances |  | ( 230,778) | ( 285,821)
| Trading losses |  | - | 17,153
|  |  | _______ | _______
|  |  | (230,778) | (268,668)
|  |  | _______ | _______

22. Employee benefits
The amount recognised in profit or loss in relation to defined contribution plans was £ 103,235 (2024: £ 91,914 ).
23. Government grants

|  |  | 2025 | 2024
|  |  | £ | £
| At start of year |  | 179,995 | 32,040
| Grants received or receivable |  | (-) | 155,016
| Released to the profit or loss |  | (24,507) | (7,061)
|  |  | _______ | _______
| At end of year |  | 155,488 | 179,995
|  |  | _______ | _______

The amounts recognised in the financial statements for government grants are as follows:

|  |  | 2025 | 2024
|  |  | £ | £
| Recognised in creditors: |  |  |
| Deferred government grants due after more than one year |  | 155,488 | 179,995
|  |  | _______ | _______
| Recognised in other operating income: |  |  |
| Government grants recognised directly in income |  | 25,000 | (-)
| Government grants released to profit or loss |  | 24,507 | 7,061
|  |  | _______ | _______
|  |  | 49,507 | 7,061
|  |  | _______ | _______

24. Called up share capital
Issued, called up and fully paid

|  |  | 2025 |  |  |  | 2024 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares shares of £ 1.00 each |  | 200,000 |  | 200,000 |  | 200,000 |  | 200,000
|  |  | _______ |  | _______ |  | _______ |  | _______

25. Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.
26. Analysis of changes in net debt

|  | At 1 January 2025 | Cash flows | At 31 December 2025 |  |  |
|  | £ | £ | £ |  |  |
| Cash and cash equivalents | 1,077,199 | (229,968) | 847,231 |  |  |
| Debt due within one year | (101,552) | (470,713) | (572,265) |  |  |
| Debt due after one year | (47,439) | (494,061) | (541,500) |  |  |
|  | _______ | _______ | _______ |  |  |
|  | 928,208 | ( 1,194,742) | ( 266,534) |  |  |
|  | _______ | _______ | _______ |  |  |

27. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:

| £ | £
Not later than 1 year | 65,778 | 22,343
Later than 1 year and not later than 5 years | 66,376 | 41,801
| _______ | _______
| 132,154 | 64,144
| _______ | _______

28. Directors advances, credits and guarantees

| During the year the directors entered into the following advances and credits with the company: |  |  |  |  |  |
2025 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Ms Sara Roberts | - | - | - |  |  |
| Mrs Miriam Williams | - | - | - |  |  |
|  | _______ | _______ | _______ |  |  |
2024 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Ms Sara Roberts | ( 2,710) | 2,710 | - |  |  |
| Mrs Miriam Williams | ( 11,057) | 11,057 | - |  |  |
|  | _______ | _______ | _______ |  |  |
|  | ( 13,767) | 13,767 | - |  |  |
|  | _______ | _______ | _______ |  |  |

29. Controlling party
On 25 September 2025, the company's shares were acquired by Roberts of Port Dinorwic Holdings Limited (formerly Ensco 1542 Limited). Accordingly, the ultimate parent undertaking and controlling party is Roberts of Port Dinorwic Holdings Limited, registered in England and Wales.
30. Group financial statements
At the start of the financial year the company was a wholly owned subsidiary of Wynco Cyf. On 25 September 2025, the company was acquired by Roberts of Port Dinorwic Holdings Limited, which is now the smallest and largest undertaking for which group financial statements are prepared. Copies of the consolidated financial statements are available from Companies House.