REGISTERED NUMBER: 15847609 (England and Wales)

Group Strategic Report, Report of the Directors and

Audited Consolidated Financial Statements

for the Period 19 July 2024 to 31 December 2025

for

KW and Others Holdings Ltd

Page

Group Strategic Report

1

Report of the Directors

2

Report of the Independent Auditors

4

Consolidated Statement of Comprehensive Income

7

Consolidated Balance Sheet

8

Company Balance Sheet

9

Consolidated Statement of Changes in Equity

10

Company Statement of Changes in Equity

11

Consolidated Cash Flow Statement

12

Notes to the Consolidated Cash Flow Statement

13

Notes to the Consolidated Financial Statements

14

The directors present their strategic report of the company and the group for the period 19 July 2024 to 31 December 2025.

REVIEW OF BUSINESS

The directors are pleased to report a successful period for the group.

The group has generated £28,586,132 of turnover generating a profit before tax of £10,336,094. The current period includes a negative goodwill amortisation charge £2,595,586 in relation to the formation of the group.

At the period end the group had net assets of £7,398,199 and the directors therefore believe the group's position to be satisfactory, especially as the group's current assets exceed its current liabilities by £6,502,976.

The directors believe that there is a strong foundation to build the business further with sound strategic planning and investment opportunities.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider that the main risks facing the group are market conditions within the UK construction industry and geopolitical risks adversely affecting the UK economy and global supply chains.

The group aims to mitigate these risks by continuing to differentiate its proposition by delivering consistently high-quality products and service levels, coupled with a strategy of continuous improvement and investment.

ON BEHALF OF THE BOARD:

Mr K R Wells - Director

14 July 2026

The directors present their report with the financial statements of the company and the group for the period 19 July 2024 to 31 December 2025.

INCORPORATION

The group was incorporated on 19 July 2024 and commenced trading on the same date.

PRINCIPAL ACTIVITY

The principal activity of the group in the period under review was that of the design, manufacture and supply of a range of firestopping products.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2025 will be £884,379.

DIRECTORS

The directors who have held office during the period from 19 July 2024 to the date of this report are as follows:

Mr K R Wells - appointed 19 July 2024

Mr A Wells - appointed 26 September 2024

Mr C Wells - appointed 26 September 2024

Mr D Wells - appointed 26 September 2024

Mrs J Wells - appointed 19 July 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

Drummond Laurie CA are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

Mr K R Wells - Director

14 July 2026

Opinion

We have audited the financial statements of KW and Others Holdings Ltd (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 December 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 December 2025 and of the group's profit for the period 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 group 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 group's and the parent 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 directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 Statement of Directors' Responsibilities set out on page two, 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 group's and the parent 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 group or the parent 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.

Based on our understanding of the group, we identified that the principal risks of non-compliance with laws and regulations related to fraudulent manipulation of the financial statements, including the risk of override of controls, to reduce profits and tax liabilities. We determined that the most likely method of manipulation would be the posting of inappropriate journal entries. Audit procedures performed by the audit engagement team consisted of a review of large and unusual journal entries, challenging assumptions and judgements made by management in significant accounting estimates, discussions with management related to known or suspected instances of non-compliance with laws and regulations, review of Board minutes where available, and an evaluation of management controls designed to prevent and detect irregularities.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations or through collusion.

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.

Craig Clinton (Senior Statutory Auditor)

for and on behalf of Drummond Laurie CA

Statutory Auditor

Unit 5

Gateway Business Park

Beancross Road

Grangemouth

FK3 8WX

17 July 2026

TURNOVER

3

28,586,132

Cost of sales

(17,662,631

)

GROSS PROFIT

10,923,501

Administrative expenses

(579,826

)

OPERATING PROFIT

5

10,343,675

Interest receivable and similar income

26,821

10,370,496

Interest payable and similar expenses

7

(34,402

)

PROFIT BEFORE TAXATION

10,336,094

Tax on profit

8

(1,963,623

)

PROFIT FOR THE FINANCIAL PERIOD

8,372,471

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

8,372,471

Profit attributable to:

Owners of the parent

7,262,026

Non-controlling interests

1,110,445

8,372,471

Total comprehensive income attributable to:

Owners of the parent

7,262,026

Non-controlling interests

1,110,445

8,372,471

FIXED ASSETS

Intangible assets

11

421,192

Tangible assets

12

536,059

Investments

13

-

957,251

CURRENT ASSETS

Stocks

14

2,513,747

Debtors

15

4,033,297

Cash at bank

4,107,653

10,654,697

CREDITORS

Amounts falling due within one year

16

(4,151,721

)

NET CURRENT ASSETS

6,502,976

TOTAL ASSETS LESS CURRENT LIABILITIES

7,460,227

PROVISIONS FOR LIABILITIES

18

(62,028

)

NET ASSETS

7,398,199

CAPITAL AND RESERVES

Called up share capital

19

999

Retained earnings

20

6,377,647

SHAREHOLDERS' FUNDS

6,378,646

NON-CONTROLLING INTERESTS

21

1,019,553

TOTAL EQUITY

7,398,199

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

Mr K R Wells - Director

FIXED ASSETS

Intangible assets

11

-

Tangible assets

12

-

Investments

13

2,073,525

2,073,525

CURRENT ASSETS

Debtors

15

4,910,814

CREDITORS

Amounts falling due within one year

16

(1,983,340

)

NET CURRENT ASSETS

2,927,474

TOTAL ASSETS LESS CURRENT LIABILITIES

5,000,999

CAPITAL AND RESERVES

Called up share capital

19

999

Retained earnings

20

5,000,000

SHAREHOLDERS' FUNDS

5,000,999

Company's profit for the financial year

5,884,379

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

Mr K R Wells - Director

Called up

share

Retained

Non-controlling

Total

capital

earnings

Total

interests

equity

£

£

£

£

£

Changes in equity

Issue of share capital

999

-

999

-

999

Dividends

-

(884,379

)

(884,379

)

(275,388

)

(1,159,767

)

Total comprehensive income

-

7,262,026

7,262,026

1,110,445

8,372,471

999

6,377,647

6,378,646

835,057

7,213,703

Acquisition of non-controlling interest

-

-

-

184,496

184,496

Balance at 31 December 2025

999

6,377,647

6,378,646

1,019,553

7,398,199

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Changes in equity

Issue of share capital

999

-

999

Dividends

-

(884,379

)

(884,379

)

Total comprehensive income

-

5,884,379

5,884,379

Balance at 31 December 2025

999

5,000,000

5,000,999

Cash flows from operating activities

Cash generated from operations

1

6,164,047

Interest paid

(34,402

)

Tax paid

(1,655,560

)

Net cash from operating activities

4,474,085

Cash flows from investing activities

Purchase of intangible fixed assets

(161,862

)

Purchase of tangible fixed assets

(194,228

)

Sale of tangible fixed assets

7,904

Cash introduced on acquisition

1,960,474

Acquisition of subsidiary

(2,073,525

)

Interest received

26,821

Net cash from investing activities

(434,416

)

Cash flows from financing activities

Amount introduced by directors

1,226,752

Share issue

999

Equity dividends paid

(1,159,767

)

Net cash from financing activities

67,984

Increase in cash and cash equivalents

4,107,653

Cash and cash equivalents at beginning of period

2

-

Cash and cash equivalents at end of period

2

4,107,653

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

£

Profit before taxation

10,336,094

Depreciation charges

(2,253,369

)

Profit on disposal of fixed assets

(7,724

)

Finance costs

34,402

Finance income

(26,821

)

8,082,582

Increase in stocks

(1,042,027

)

Increase in trade and other debtors

(1,026,286

)

Increase in trade and other creditors

149,778

Cash generated from operations

6,164,047

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31 December 2025

31.12.25

19.7.24

£

£

Cash and cash equivalents

4,107,653

-

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 19.7.24

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank

-

4,107,653

4,107,653

-

4,107,653

4,107,653

Total

-

4,107,653

4,107,653

1.	STATUTORY INFORMATION

KW and Others Holdings Ltd is a private company, limited by shares, domiciled in England, registration number 15847609. The registered office is Unit 4 Spitfire Road, Cheshire Green Industrial Estate, Nantwich, CW5 6HT.

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.

Basis of consolidation

The consolidated accounts are prepared in accordance with the group’s accounting principles and include the accounts of the parent company and all subsidiaries. Subsidiaries are consolidated from the date the group exercises control or influence over the company. Divested companies are included in the consolidated accounts until the date the group ceases to control or exercise influence over them. In preparing the consolidated financial statements any intra-group transactions have been eliminated. Foreign subsidiaries are translated using the current rate for the assets and liabilities and the average rate for turnover and expenses.

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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Significant judgements and estimates

The group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are outlined below.

1. Useful lives of depreciable assets (Property, Plant and Equipment)

Management reviews the useful lives and residual values of depreciable assets at each reporting date, based on the expected utility of the assets. Uncertainties in these estimates relate to technological obsolescence and changes in usage, which could impact future depreciation charges.

2. Impairment of trade receivables

The group estimates the provision for expected credit losses (or impairment) of trade receivables. This requires assumptions regarding the likelihood of collection and the credit risk profile of customers based on past experience and forward-looking economic factors.

3. Inventory valuation and provisions

Management reviews the net realisable value (NRV) of inventory to assess potential impairment. Estimates are applied when determining the selling price less costs to sell, and judgements are required regarding obsolescence, physical damage, and shifting consumer demand.

Turnover and other income

Turnover represents net invoiced sales of goods and services in respect of the design, manufacture and supply of a range of firestopping products, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Dividend income is received as and when the company is entitled to receive the dividends.

Goodwill

Negative goodwill generated on formation of the group has been written off in the period generated.

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 ten years.

Know how costs are being amortised evenly over their estimated useful life of five years.

Website is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets and depreciation

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

Short leasehold

-

10% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

15% on cost

Equipment

-

33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Cash and cash equivalents

Cash and cash equivalents include cash at bank and in hand and highly liquid interest-bearing securities with maturities of three months or less. In the cash-flow statement, cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the balance sheet.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Basic financial assets (including trade and other debtors, cash and bank balances) and basic financial liabilities (including trade and other creditors) are initially measured at the transaction price. They are subsequently measured at amortized cost using the effective interest method, less any provision for impairment.

At the end of each reporting period, the company assesses whether there is objective evidence of impairment of any financial asset. If there is, an impairment loss is recognised in the income statement.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled, or expires.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by geographical market is given below:

£

United Kingdom

27,919,989

Europe

659,330

Rest of world

6,813

28,586,132

4.	EMPLOYEES AND DIRECTORS

£

Wages and salaries

1,526,074

Social security costs

175,644

Other pension costs

22,773

1,724,491

The average number of employees during the period was as follows:

Employees

31

The average number of employees by undertakings that were proportionately consolidated during the period was 31 .

£

Directors' remuneration

146,133

Directors' pension contributions to money purchase schemes

2,239

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

3

5.	OPERATING PROFIT

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

£

Other operating leases

226,049

Depreciation - owned assets

141,025

Profit on disposal of fixed assets

(7,724

)

Goodwill amortisation

(2,595,586

)

Patents and licences amortisation

520

Know how costs amortisation

200,158

Website amortisation

514

Auditors' remuneration

20,000

6.	EXCEPTIONAL ITEMS

£

Negative goodwill write off

2,595,586

Negative goodwill of £2,595,586 was created on the formation of the group during a restructuring process. This has been written off in full in period which it was created.

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

£

Bank interest

159

Loan interest

34,243

34,402

8.

TAXATION

Analysis of the tax charge

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

£

Current tax:

UK corporation tax

1,942,022

Deferred tax

21,601

Tax on profit

1,963,623

Reconciliation of total tax charge included in profit and loss

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

£

Profit before tax

10,336,094

Profit multiplied by the standard rate of corporation tax in the UK of 25 %

2,584,024

Effects of:

Expenses not deductible for tax purposes

5,803

Income not taxable for tax purposes

(1,931

)

Depreciation in excess of capital allowances

3,023

Deferred tax movement

21,601

Negative goodwill amortisation

(648,897

)

Total tax charge

1,963,623

9.	INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.

10.

DIVIDENDS

£

Ordinary shares of 10p each

Final

884,379

11.	INTANGIBLE FIXED ASSETS

Group

Patents

and

Know how

Goodwill

licences

costs

Website

Totals

£

£

£

£

£

COST

Additions

(2,595,586

)

936

616,198

5,250

(1,973,202

)

At 31 December 2025

(2,595,586

)

936

616,198

5,250

(1,973,202

)

AMORTISATION

Amortisation for period

(2,595,586

)

520

200,158

514

(2,394,394

)

At 31 December 2025

(2,595,586

)

520

200,158

514

(2,394,394

)

NET BOOK VALUE

At 31 December 2025

-

416

416,040

4,736

421,192

12.	TANGIBLE FIXED ASSETS

Group

Improvements

Short

to

Plant and

leasehold

property

machinery

Equipment

Totals

£

£

£

£

£

COST

Additions

315,667

126,237

67,906

167,454

677,264

Disposals

-

-

-

(2,395

)

(2,395

)

At 31 December 2025

315,667

126,237

67,906

165,059

674,869

DEPRECIATION

Charge for period

34,128

21,172

11,684

74,041

141,025

Eliminated on disposal

-

-

-

(2,215

)

(2,215

)

At 31 December 2025

34,128

21,172

11,684

71,826

138,810

NET BOOK VALUE

At 31 December 2025

281,539

105,065

56,222

93,233

536,059