REGISTERED NUMBER: 03591258 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

PAINE MANWARING HEATING LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Income and Retained Earnings

8

Balance Sheet

9

Notes to the Financial Statements

10

DIRECTORS:

A D Prager

J M Preston

A J Doick

J Seaman

C P Hornsbury

SECRETARY:

C J Linford

REGISTERED OFFICE:

Unit D Easting Close

Dominion Way

Worthing

West Sussex

BN14 8HQ

REGISTERED NUMBER:

03591258 (England and Wales)

INDEPENDENT AUDITORS:

Lewis Brownlee (Chichester) Limited

Statutory Auditors

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

The directors present their strategic report for the year ended 31 March 2026.

FAIR REVIEW OF THE BUSINESS

The company reports revenue in 2025/26 £0.3m.

The operating profit for the year of £0.2m is considered a good result and a fair return for the company's shareholder.

The statement of financial position further confirms the company's financial strength at £3.5m in total equity (2024/25: £3.8m).

PRINCIPAL RISKS AND UNCERTAINTIES

The activities of the company are directly linked with its subsidiary company Paine Manwaring Limited where its fortunes in the heating and electrical trade are closely tied to those of the construction industry as a whole, and is likely to remain fiercely competitive whilst we operate in the current economic climate of high interest rates, geopolitical uncertainties and client budget restraints. The current wage inflation will keep margins under pressure for the foreseeable future.

There is also a workforce skill set shortage within the plumbing and electrical trade which is putting continued pressure on direct labour costs and the gross margin achieved The Directors have maintained the number and continue to invest in apprentices within the company over the last 12 months to help mitigate this impact.

Wider economic uncertainties also pose a risk, particularly regarding demand for new projects and the potential for business failures within the industry. Additionally, increasing regulation and health and safety requirements remain ongoing challenges.

With a strong asset base, robust business plan, ongoing staff training, and investment in systems and compliance, the company is well-positioned to mitigate these risks and maintain operational resilience.

ON BEHALF OF THE BOARD:

A D Prager - Director

15 July 2026

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a holding company providing assets and management services to its subsidiary undertaking.

DIVIDENDS

Ordinary dividends were paid amounting to £748,650 (2025 - £992,910). The directors do not recommend payment of a final dividend.

FUTURE DEVELOPMENTS

The directors' consideration of future events, including the principal risks and uncertainties related to these, are included within the Strategic Report.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2025 to the date of this report.

A D Prager

J M Preston

A J Doick

J Seaman

C P Hornsbury

FINANCIAL INSTRUMENTS

Treasury operations and financial instruments

The company operates a treasury function which is responsible for managing the liquidity risks associated with the company’s activities.

The company’s principal financial instruments do not include derivative financial instruments. The company has various other financial assets and liabilities such as intra-group debtors and creditors.

Liquidity risk

The company manages its cash and any borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring the company has sufficient liquid resources to meet the operating needs of the business.

Credit risk

All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtors are monitored on an ongoing basis and provision is made for doubtful debts where necessary.

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 of 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 judgements and accounting estimates that are reasonable and prudent;

-	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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Lewis Brownlee (Chichester) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A D Prager - Director

15 July 2026

Opinion

We have audited the financial statements of Paine Manwaring Heating Limited (the 'company') for the year ended 31 March 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 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 company's affairs as at 31 March 2026 and of its 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 Auditors' 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 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 the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

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 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 set out on pages three and four, 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 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.

Auditors' 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 a Report of the Auditors 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.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

-

the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance 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 and taxation legislation;

-

we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence, where applicable; 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; and

-

considering the internal controls in place to mitigate risks of fraud and non-compliance 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 set out in the accounting policies were indicative of potential bias; and

-

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, where applicable;

-

enquiring of management as to actual and potential litigation and claims; and

-

reviewing correspondence with HMRC, relevant regulators and the company’s legal advisors, where applicable.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.

Sam Ede BFP FCA FCCA (Senior Statutory Auditor)

for and on behalf of Lewis Brownlee (Chichester) Limited

Statutory Auditors

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

15 July 2026

TURNOVER

3

321,457

336,084

Cost of sales

109,347

98,607

GROSS PROFIT

212,110

237,477

Administrative expenses

27,965

25,261

OPERATING PROFIT

5

184,145

212,216

Income from fixed asset investments

342,000

1,100,000

Interest receivable and similar income

9,171

6,663

351,171

1,106,663

535,316

1,318,879

Interest payable and similar expenses

6

3,415

4,316

PROFIT BEFORE TAXATION

531,901

1,314,563

Tax on profit

7

46,775

54,101

PROFIT FOR THE FINANCIAL YEAR

485,126

1,260,462

Retained earnings at beginning of year

3,713,053

3,445,501

Dividends

8

(748,650

)

(992,910

)

RETAINED EARNINGS AT END OF YEAR

3,449,529

3,713,053

FIXED ASSETS

Tangible assets

9

366,794

320,534

Investments

10

281,400

281,400

648,194

601,934

CURRENT ASSETS

Debtors

11

2,726,899

2,724,899

Cash at bank

311,906

663,690

3,038,805

3,388,589

CREDITORS

Amounts falling due within one year

12

69,581

95,553

NET CURRENT ASSETS

2,969,224

3,293,036

TOTAL ASSETS LESS CURRENT LIABILITIES

3,617,418

3,894,970

CREDITORS

Amounts falling due after more than one year

13

(9,431

)

(37,291

)

PROVISIONS FOR LIABILITIES

16

(89,458

)

(75,626

)

NET ASSETS

3,518,529

3,782,053

CAPITAL AND RESERVES

Called up share capital

17

69,000

69,000

Retained earnings

3,449,529

3,713,053

SHAREHOLDERS' FUNDS

3,518,529

3,782,053

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by:

J M Preston - Director

A D Prager - Director

1.	STATUTORY INFORMATION

Paine Manwaring Heating 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis. In making their assessment, the directors have considered relevant information including the annual budget, forecast future cash flows, the monthly orderbook projections, and the impact of subsequent events.

The directors have performed a robust analysis of the principal risks to the secured orderbook and future cash flows, including cost inflation and the timing of customer payments. Whilst it is difficult to predict all such impacts with certainty, the company has adequate resources to continue in operational existence for the foreseeable future.

Based on these assessments, and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements

The financial statements contain information about Paine Manwaring Heating Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Paine Manwaring Group Limited, Unit D, Easting Close, Dominion Way, Worthing, West Sussex, BN14 8HQ.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents asset leasing income recognised on a straight line basis from its subsidiary company net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

20-25% on cost

Computer equipment

-

25% on cost

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

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 credited or charged to profit or loss.

Investments in subsidiaries

Interests in subsidiaries are initially measured at cost and subsequently measured at the cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

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

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 11. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 year 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.

Hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss using the sum of digits method which produces an acceptable approximation to the results obtained using the effective interest method.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company in the UK.

4.	EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 March 2026 nor for the year ended 31 March 2025.

The average number of employees during the year was NIL (2025 - NIL).

2026

2025

£

£

Directors' remuneration

-

-

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2026

2025

£

£

Depreciation - owned assets

102,272

84,894

Depreciation - assets on hire purchase contracts

19,585

26,598

Profit on disposal of fixed assets

(12,510

)

(12,885

)

Auditors' remuneration

4,400

2,000

The company has taken advantage of the exemption to disclose amounts paid for non-audit services as these are disclosed in the group financial statements of the parent company.

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Hire purchase interest

3,415

4,316

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2026

2025

£

£

Current tax:

UK corporation tax

32,943

44,734

Prior year under provision

-

972

Total current tax

32,943

45,706

Deferred tax

13,832

8,395

Tax on profit

46,775

54,101

UK corporation tax has been charged at 25% (2025 - 25%).

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2026

2025

£

£

Profit before tax

531,901

1,314,563

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%)

132,975

328,641

Effects of:

Income not taxable for tax purposes

(85,500

)

(275,000

)

Adjustments to tax charge in respect of previous periods

-

972

Group relief

(700

)

(512

)

Total tax charge

46,775

54,101

8.

DIVIDENDS

2026

2025

£

£

Ordinary shares of £1.00 each

Interim

748,650

992,910

9.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

1,018,138

11,311

1,029,449

Additions

168,725

-

168,725

Disposals

(124,603

)

-

(124,603

)

At 31 March 2026

1,062,260

11,311

1,073,571

DEPRECIATION

At 1 April 2025

706,323

2,592

708,915

Charge for year

119,029

2,828

121,857

Eliminated on disposal

(123,995

)

-

(123,995

)

At 31 March 2026

701,357

5,420

706,777

NET BOOK VALUE

At 31 March 2026

360,903

5,891

366,794

At 31 March 2025

311,815

8,719

320,534

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

146,855

Transfer to ownership

(48,929

)

At 31 March 2026

97,926

DEPRECIATION

At 1 April 2025

46,500

Charge for year

19,585

Transfer to ownership

(27,726

)

At 31 March 2026

38,359

NET BOOK VALUE

At 31 March 2026

59,567

At 31 March 2025

100,355

10.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

and 31 March 2026

281,400

NET BOOK VALUE

At 31 March 2026

281,400

At 31 March 2025

281,400

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Paine Manwaring Limited

Registered office: Unit D, Easting Close, Dominion Way, Worthing, West Sussex, BN14 8HQ

Nature of business: Heating and electrical contracting

%

Class of shares:

holding

Ordinary

100.00

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

2,726,899

2,724,899

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 14)

27,860

35,516

Amounts owed to group undertakings

3,447

-

Corporation Tax

33,003

44,734

VAT

871

12,105

Accruals and deferred income

4,400

3,198

69,581

95,553

13.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 14)

9,431

37,291

14.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2026

2025

£

£

Net obligations repayable:

Within one year

27,860

35,516

Between one and five years

9,431

37,291

37,291

72,807

15.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

37,291

72,807

16.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

89,458

75,626

Deferred tax

£

Balance at 1 April 2025

75,626

Charge to Income Statement during year

13,832

Balance at 31 March 2026

89,458

17.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

69,000

Ordinary

£1.00

69,000

69,000

18.	ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is Paine Manwaring Group Limited, a company incorporated in England and Wales.

The largest and smallest group for which consolidated accounts including the company are drawn up is Paine Manwaring Group Limited. The registered office of Paine Manwaring Group Limited is Unit D Easting Close, Dominion Way, Worthing, West Sussex, United Kingdom, BN14 8HQ where consolidated financial statements can be obtained.

19.	POST BALANCE SHEET EVENTS

After the year end, final dividends totalling £291,870 have been voted.