Company No: 07357401 (England and Wales)

Contents

• Director's Report
• Balance Sheet
• Notes to the Financial Statements

The director presents this annual report and the unaudited financial statements of the Company for the financial year ended 31 October 2025.

DIRECTOR'S RESPONSIBILITIES STATEMENT

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the director must not approve the financial statements unless the director is 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 financial period.

In preparing these financial statements, the director is required to:
* Select suitable accounting policies and then apply them consistently;
* Make judgements 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 director is 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. The director is 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.

DIRECTORS IMPACT OVERVIEW

At AG Impact Ltd, **our purpose is to support equality for women and girls and accelerate climate action** through our work, partnerships and advocacy. In 2025, we continued to embed this purpose across our commercial activity, governance and operations, strengthening both our impact and the evidence base behind our reporting.

We formalised key governance foundations, introducing new policies across **AI, Sustainable Procurement and Human Rights**, aligned with UN guidance. We enhanced employee policies to support wellbeing, inclusion and family life, and expanded our advisory capabilities in **ESG, sustainability and impact communications**, enabling us to support more organisations seeking to improve their contribution to global goals.

**Equality for Women and Girls (SDG 5)**

We advanced representation and opportunity through women led client work, mentoring and community initiatives.

• **61%** of client projects were led by women
• **212** women and girls directly supported (**+30% of target**)
• Pro bono ESG and communications support for **8** women led businesses
• Participation in **CSW70** as UN Women UK Delegates

**Decent Work & Economic Growth (SDG 8)**

We strengthened fair and inclusive working practices across our organisation and value chain.

• Became a **Living Wage Employer**
• Introduced enhanced family support policies
• Delivered **11** work experience micro placements
• **100%** of employees accessed independent financial advice
• Embedded inclusive practices across client work, including accessibility and DEI improvements

**Climate Action (SDG 13)**

We maintained **zero Scope 1 and 2 emissions** and continued active management of Scope 3.

• Scope 3 emissions increased **15% to 98.04 tonnes CO2e**, reflecting headcount growth and increased delivery
• Introduced a **Sustainable Procurement Policy**
• **100%** of AG consulting suppliers completed verified carbon footprinting and action plans

**Client Impact Across Sectors**

Our work delivered measurable improvements in communications, culture and ESG performance across **global pharmaceuticals, health, media, non profit and consumer goods**. Highlights include:

• Communications and leadership programmes reaching **90,000+** employees
• Sustainable communications roll outs saving measurable CO2e and reducing email volume through digital-first practices
• Global change programmes delivered across **88 sites**, supporting **7,900** people through new systems and training
• ESG improvements enabling clients to achieve **EcoVadis Gold and B Corp Certification**, strengthen reporting and embed responsible practices
• Behavioural, media and engagement training for leadership teams, supported by toolkits and coaching
• Streamlined digital communications saving CO2e equivalent to hundreds of miles of car travel

**Advocacy & Giving**

Since 2020, we have donated **£165,468** to equality and climate related missions, supporting salaries, communications and activities that drive systemic change.

**Accreditations**

We maintained **EcoVadis Platinum (93/100)**, achieved a **CDP B rating**, and continued progress against our **Science Based Targets**.

**Looking Ahead to 2026**

Our focus will be on scaling our impact for women and girls, reducing Scope 3 emissions, deepening supply chain engagement, expanding advisory services and strengthening responsible business practices, including AI governance.

DIRECTOR

The director, who served during the financial year and to the date of this report except as noted, was as follows:

L A Griffiths

This Director's Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption provided by section 415A of the Companies Act 2006.

Approved and signed by:

L A Griffiths Director

14 July 2026

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	6,684		7,448
		6,684		7,448
Current assets
Debtors	4	342,185		388,331
Cash at bank and in hand		808,402		730,495
		1,150,587		1,118,826
Creditors: amounts falling due within one year	5	( 867,666)		( 922,152)
Net current assets		282,921		196,674
Total assets less current liabilities		289,605		204,122
Creditors: amounts falling due after more than one year	6	0		( 5,607)
Net assets		289,605		198,515
Capital and reserves
Called-up share capital		100		100
Profit and loss account		289,505		198,415
Total shareholders' funds		289,605		198,515

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of AG Impact Ltd (registered number: 07357401) were approved and authorised for issue by the Director on 14 July 2026. They were signed on its behalf by:

L A Griffiths Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

AG Impact Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Glasshouse Alderley Park, Alderley Edge, Macclesfield, SK10 4TG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	5 years straight line
Computer equipment	3 years straight line

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	7		4

3. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 November 2024	19,468		16,356		35,824
Additions	0		3,352		3,352
At 31 October 2025	19,468		19,709		39,177
Accumulated depreciation
At 01 November 2024	15,663		12,713		28,376
Charge for the financial year	1,480		2,637		4,117
At 31 October 2025	17,143		15,350		32,493
Net book value
At 31 October 2025	2,325		4,359		6,684
At 31 October 2024	3,805		3,643		7,448

4. Debtors

	2025		2024
	£		£
Trade debtors	324,862		379,060
Other debtors	17,323		9,271
	342,185		388,331

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	0		5,217
Trade creditors	400,989		474,439
Taxation and social security	141,595		166,093
Other creditors	325,082		276,403
	867,666		922,152

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

	2025		2024
	£		£
Bank loans	0		5,607

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2025		2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	2,396		1,811