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REGISTERED NUMBER: 01744820 (England and Wales)

| DACRYLATE PAINTS LIMITED |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

DACRYLATE PAINTS LIMITED (REGISTERED NUMBER: 01744820)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

| Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |  | to |  | 7

DACRYLATE PAINTS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr M Townsend

| Mrs S L Harte

| Mr M Butler

| REGISTERED OFFICE: | Dacrylate Ltd

| Lindleys Lane

| Kirkby-In-Ashfield

| Nottingham

| NG17 8AL

| REGISTERED NUMBER: | 01744820 (England and Wales)

| AUDITORS: | Johnson Tidsall Limited

| Chartered Accountants

| & Statutory Auditor

| 81 Burton Road

| Derby

| Derbyshire

| DE1 1TJ

DACRYLATE PAINTS LIMITED (REGISTERED NUMBER: 01744820)

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,069,704 |  | 826,085 |  |

CURRENT ASSETS

Stocks | 5 | 1,358,657 |  | 1,309,672 |  |

Debtors | 6 | 1,513,849 |  | 1,403,467 |  |

Cash at bank and in hand | 2,451,737 |  | 1,661,108 |  |

5,324,243 |  | 4,374,247 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,588,766 |  | 1,005,287 |  |

NET CURRENT ASSETS | 3,735,477 |  | 3,368,960 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,805,181 |  | 4,195,045 |  |

PROVISIONS FOR LIABILITIES | 9 | 175,913 |  | 196,293 |  |

NET ASSETS | 4,629,268 |  | 3,998,752 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 10,000 |  | 10,000 |  |

Retained earnings | 11 | 4,619,268 |  | 3,988,752 |  |

SHAREHOLDERS' FUNDS | 4,629,268 |  | 3,998,752 |  |

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2026 and were signed on its behalf by:

Mrs S L Harte - Director

DACRYLATE PAINTS LIMITED (REGISTERED NUMBER: 01744820)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Dacrylate Paints 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Significant judgements and estimates

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

| The following judgements and estimates have had the most significant effect on amounts recognised in the financial statements:

| Carrying value of stock - when calculating the stock provision of £207,027 (2024: £125,715), management considered the nature and condition of stock, together with the age of stock, and sales activity. A standard production rate is added into the value of finished goods.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Sale of goods

| Turnover from the sale of paint is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

| Tangible fixed assets

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

| Plant and machinery | - | at varying rates on cost

| Fixtures and fittings | - | 20% on cost

| Motor vehicles | - | 25% on reducing balance and 10% on reducing balance

| Computer equipment | - | at varying rates on cost

| Assets under construction are not depreciated until the asset is in use.

| Stocks

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

| Raw materials are measured at purchase cost, on a first in first out basis.

| Finished goods are measured at the purchase cost of direct materials plus a standard production rate.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

DACRYLATE PAINTS LIMITED (REGISTERED NUMBER: 01744820)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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 and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Cash at bank and in hand

| Cash is represented by cash in hand and deposits with financial institutions.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Creditors

| Short term creditors are measured at the transaction price.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 43 (2024 - 49 ) .

4. | TANGIBLE FIXED ASSETS

| Assets |  | Fixtures

| under |  | Plant and |  | and

| construction |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 January 2025 | 16,862 |  | 1,106,640 |  | 38,272 |  |

| Additions | 234,946 |  | 112,280 |  | 7,599 |  |

| Disposals | - |  | (5,000 | ) | - |  |

| At 31 December 2025 | 251,808 |  | 1,213,920 |  | 45,871 |  |

| DEPRECIATION

| At 1 January 2025 | - |  | 392,160 |  | 20,517 |  |

| Charge for year | - |  | 87,981 |  | 4,777 |  |

| Eliminated on disposal | - |  | (1,000 | ) | - |  |

| At 31 December 2025 | - |  | 479,141 |  | 25,294 |  |

| NET BOOK VALUE

| At 31 December 2025 | 251,808 |  | 734,779 |  | 20,577 |  |

| At 31 December 2024 | 16,862 |  | 714,480 |  | 17,755 |  |

DACRYLATE PAINTS LIMITED (REGISTERED NUMBER: 01744820)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS - continued

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 67,754 |  | 148,939 |  | 1,378,467 |  |

| Additions | - |  | 4,815 |  | 359,640 |  |

| Disposals | - |  | (522 | ) | (5,522 | ) |

| At 31 December 2025 | 67,754 |  | 153,232 |  | 1,732,585 |  |

| DEPRECIATION

| At 1 January 2025 | 25,963 |  | 113,742 |  | 552,382 |  |

| Charge for year | 4,108 |  | 14,779 |  | 111,645 |  |

| Eliminated on disposal | - |  | (146 | ) | (1,146 | ) |

| At 31 December 2025 | 30,071 |  | 128,375 |  | 662,881 |  |

| NET BOOK VALUE

| At 31 December 2025 | 37,683 |  | 24,857 |  | 1,069,704 |  |

| At 31 December 2024 | 41,791 |  | 35,197 |  | 826,085 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Raw materials | 891,038 |  | 831,081 |  |

| Finished goods | 467,619 |  | 478,591 |  |

1,358,657 |  | 1,309,672 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,284,343 |  | 1,048,929 |  |

| Amounts owed by group undertakings | 105,813 |  | 222,931 |  |

| Other debtors | - |  | 410 |  |

| Prepayments and accrued income | 123,693 |  | 131,197 |  |

1,513,849 |  | 1,403,467 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 676,373 |  | 441,263 |  |

| Amounts owed to group undertakings | 15,571 |  | 15,571 |  |

| Corporation tax | 255,248 |  | 102,109 |  |

| Social security and other taxes | 171,155 |  | 24,031 |  |

| VAT | 156,256 |  | 182,019 |  |

| Other creditors | 99,982 |  | 2,583 |  |

| Directors' current accounts | - |  | 3,500 |  |

| Accruals and deferred income | 214,181 |  | 234,211 |  |

1,588,766 |  | 1,005,287 |  |

DACRYLATE PAINTS LIMITED (REGISTERED NUMBER: 01744820)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 40,223 |  | 31,845 |  |

| Between one and five years | 31,184 |  | 46,972 |  |

71,407 |  | 78,817 |  |

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 175,913 |  | 196,293 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 196,293 |  |

| Provided during year | (20,380 | ) |

| Balance at 31 December 2025 | 175,913 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 10,000 | Ordinary | £1 | 10,000 |  | 10,000 |  |

11. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2025 | 3,988,752 |  |

| Profit for the year | 702,854 |  |

| Dividends | (72,338 | ) |

| At 31 December 2025 | 4,619,268 |  |

12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| David Mellor FCA (Senior Statutory Auditor)

| for and on behalf of Johnson Tidsall Limited

13. | CAPITAL COMMITMENTS

2025 | 2024 |

£ | £ |

| Contracted but not provided for in the

| financial statements | 491,991 |  | - |  |

DACRYLATE PAINTS LIMITED (REGISTERED NUMBER: 01744820)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

14. | RELATED PARTY DISCLOSURES

| There is a balance of £105,813 (2024: £222,931) owing from a group company at the year-end. The amount has no fixed repayment terms and is interest-free.

| There is a balance of £15,571 (2024: £15,571) owing to a group company at the year-end. The amount has no fixed repayment terms and is interest-free.

15. | ULTIMATE PARENT COMPANY

| The ultimate parent undertaking is Dacrylate Limited whose financial statements are filed with Companies House, Crown Way, Cardiff, CF14 3UZ. The registered office for Dacrylate Limited is the same as Dacrylate Paints Limited.