REGISTERED NUMBER: 10392690 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Pure International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Trapl

REGISTERED OFFICE:

Concept House

Home Park Road

Kings Langley

Hertfordshire

WD4 8UD

REGISTERED NUMBER:

10392690 (England and Wales)

SENIOR STATUTORY AUDITOR:

Emma Fraser FCA

INDEPENDENT AUDITORS:

Bracey's Accountants (Audit) Limited

Statutory Auditor, Chartered Accountants

Unit 1 The Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

FIXED ASSETS

Intangible assets

4

3,831

11,492

Tangible assets

5

1,476

13,699

Investments

6

31,374

31,374

36,681

56,565

CURRENT ASSETS

Debtors

7

209,344

192,153

Cash at bank

684

4,291

210,028

196,444

CREDITORS

Amounts falling due within one year

8

1,474,875

1,408,737

NET CURRENT LIABILITIES

(1,264,847

)

(1,212,293

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,228,166

)

(1,155,728

)

CREDITORS

Amounts falling due after more than one year

9

1,092,940

1,193,052

NET LIABILITIES

(2,321,106

)

(2,348,780

)

CAPITAL AND RESERVES

Called up share capital

12

5,925,465

5,925,465

Retained earnings

(8,246,571

)

(8,274,245

)

SHAREHOLDERS' FUNDS

(2,321,106

)

(2,348,780

)

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 July 2026 and were signed by:

C Trapl - Director

1.	STATUTORY INFORMATION

Pure International 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

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosures is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The Company's functional and presentational currency is GBP. Amounts are rounded to the nearest £1.

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent of the Group ae considered eligible for the exemption to prepare consolidation accounts.

Going concern

Whilst the Company has net current liabilities and negative reserves the financial statements have been prepared on a going concern basis which the Director considers to be appropriate.

The company operates on a cost plus basis revenue model which is supported by the group.

Aqipa Holdings GmbH has indicated its intention to provide funding support without restriction for a period of at least 12 months from the approval of these financial statements and that the intercompany balances will not be recalled until such time that the Company has the resources to pay these without impacting on its ability to settle its external debts as they fall due.

The director is confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the approval of the financial statements and therefore has prepared the financial statements on a going concern basis.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will follow to the Company and the revenue can be relatively measured. Revenue is calculated based on the costs plus agreement with Aqipa Holdings GmbH.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Domain names - 10 years

The domain names are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.

Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives, using straight-line method.

The estimated useful lives range as follows:

Leasehold property - 50 months

Plant and machinery - 3 to 5 years

Office equipment - 3 to 5 years

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors and loans.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits on a straight-line basis over their useful economic lives.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Foreign currencies

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical costs are translated using the exchange rate at the date of the transaction an non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Provisions for liabilities

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

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Fixed asset investments

Amounts held relate to a wholly owned subsidiary and are measured at cost less accumulated impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2025 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2025

and 31 March 2026

76,613

AMORTISATION

At 1 April 2025

65,121

Amortisation for year

7,661

At 31 March 2026

72,782

NET BOOK VALUE

At 31 March 2026

3,831

At 31 March 2025

11,492

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Computer

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2025

153,047

2,685,144

237,394

3,075,585

Additions

-

-

1,240

1,240

At 31 March 2026

153,047

2,685,144

238,634

3,076,825

DEPRECIATION

At 1 April 2025

153,047

2,676,282

232,556

3,061,885

Charge for year

-

8,862

4,602

13,464

At 31 March 2026

153,047

2,685,144

237,158

3,075,349

NET BOOK VALUE

At 31 March 2026

-

-

1,476

1,476

At 31 March 2025

-

8,862

4,838

13,700

6.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2025

and 31 March 2026

31,374

NET BOOK VALUE

At 31 March 2026

31,374

At 31 March 2025

31,374

The fixed asset investment comprises investment in a subsidiary company, Pure Europe GmbH, AT.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

38,569

-

Owed by Group Undertakings

80,033

-

VAT

7,654

16,514

Deferred tax asset

35,751

71,751

Prepayments

47,337

103,888

209,344

192,153

The company has taxable losses of £9,185,496 carried forward. A deferred tax asset has been restricted to recognise £35,751. The asset recorded is to reflect the expected utilisation of these losses in future periods.

Other debtors include £38,569 is in respect of estimated R&D tax credit for 2026 year end.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 10)

114,311

112,357

Trade creditors

250,773

139,014

Amounts owed to group undertakings

953,406

1,063,114

Social security and other taxes

14,417

13,705

Other Creditors

9,464

9,165

Accruals and deferred income

132,504

71,382

1,474,875

1,408,737

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 10)

1,092,940

1,193,052

10.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

14,832

14,174

Bank loans due < 1 year

99,479

98,183

114,311

112,357

Amounts falling due between one and two years:

Bank loans due > 1 year

1,092,940

1,193,052

The company has a loan under Bounce Back Loan Scheme (BBLS) which is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy, The total amount due on this loan is £6,160 within one year.

The company has a further loan with Unicredit Bank Austria AG. There is no security on this loan but it is supported by group facilities. The amount due on this loan is £1,186,259 with £93,319 due within one year and £1,092,940 due in more than one year.

11.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

102,200

102,200

Between one and five years

136,267

34,067

238,467

136,267

The above commitment is in respect of the business premises. The commitment disclosed is to the end date, being 31 July 2029. The annual commitment is £102,200.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

5,925,465

Ordinary £1

1

5,925,465

5,925,465

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

As the income statement and directors report has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with S444(5B) of the Companies Act 2006.

The audit report prepared is in connection with the audit of the full annual accounts, including income statement and Directors' report which have not been filed.

The Report of the Auditors was unqualified.

We draw attention to Note 2 within these financial statements (headed 'Going Concern'), which details the working capital support from the group required in relation to the assessment of going concern.

Our opinion is not modified in this respect.

Emma Fraser FCA (Senior Statutory Auditor) (signed 17 July 2026)

for and on behalf of Bracey's Accountants (Audit) Limited

14.	RELATED PARTY DISCLOSURES

The company entered into transactions with group companies during the year. The transactions were undertaken with wholly owned subsidiaries in the group. Therefore, these transactions do not require separate disclosure under FRS102 section 1a.

There is no interest charged on balances that arise through normal trading conditions. Interest is charged on loan balances at Euribor 12 month rates. The amounts are subject to the continued support of the group as detailed in note 2.

15.	CONTROLLING PARTY

The company's immediate parent is Aqipa GmbH, AT, incorporated in Austria.

The ultimate parent company and controlling party is Aqipa Holding GmbH, incorporated in Austria. This is the smallest and largest group in which the results of the company are consolidated. The financial statements can be obtained from Aqipa Moslbischi 78, Kundl, Tirol, Austria 6250.