BrightAccountsProduction v1.0.0 v1.0.0 2025-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company's principal activities during the financial year were the R&D, design, manufacture, sourcing, warehousing, distribution, supply, leasing, and managed service of professional apparel including uniform, technical apparel, footwear, and personal protective equipment using its proprietary web enabled software technology for client ordering and reporting known as "HunterPAC?" as well as its "HunterCARE?" software used to manage its care, maintenance and decontamination contracts. 21 July 2026 NI001071 2025-12-31 NI001071 2024-12-31 NI001071 2023-12-31 NI001071 2025-01-01 2025-12-31 NI001071 2024-01-01 2024-12-31 NI001071 uk-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 NI001071 uk-curr:PoundSterling 2025-01-01 2025-12-31 NI001071 uk-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 NI001071 uk-bus:FullAccounts 2025-01-01 2025-12-31 NI001071 uk-bus:Director1 2025-01-01 2025-12-31 NI001071 uk-bus:Director2 2025-01-01 2025-12-31 NI001071 uk-bus:CompanySecretary1 2025-01-01 2025-12-31 NI001071 uk-bus:RegisteredOffice 2025-01-01 2025-12-31 NI001071 uk-bus:Agent1 2025-01-01 2025-12-31 NI001071 uk-core:ShareCapital 2025-12-31 NI001071 uk-core:ShareCapital 2024-12-31 NI001071 uk-core:RevaluationReserve 2025-12-31 NI001071 uk-core:RevaluationReserve 2024-12-31 NI001071 uk-core:OtherReservesSubtotal 2025-12-31 NI001071 uk-core:OtherReservesSubtotal 2024-12-31 NI001071 uk-core:RetainedEarningsAccumulatedLosses 2025-12-31 NI001071 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI001071 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-12-31 NI001071 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 NI001071 uk-bus:FRS102 2025-01-01 2025-12-31 NI001071 uk-core:LandBuildings 2025-01-01 2025-12-31 NI001071 uk-core:PlantMachinery 2025-01-01 2025-12-31 NI001071 uk-core:MotorVehicles 2025-01-01 2025-12-31 NI001071 uk-core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 NI001071 uk-core:CostValuation 2024-12-31 NI001071 uk-core:AdditionsToInvestments 2024-12-31 NI001071 uk-core:AdditionsToInvestments 2025-12-31 NI001071 uk-core:CostValuation 2025-12-31 NI001071 uk-core:CurrentFinancialInstruments 2025-12-31 NI001071 uk-core:CurrentFinancialInstruments 2024-12-31 NI001071 uk-core:WithinOneYear 2025-12-31 NI001071 uk-core:WithinOneYear 2024-12-31 NI001071 uk-core:EmployeeBenefits 2024-12-31 NI001071 uk-core:EmployeeBenefits 2025-01-01 2025-12-31 NI001071 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-12-31 NI001071 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-12-31 NI001071 uk-core:OtherDeferredTax 2025-12-31 NI001071 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-12-31 NI001071 uk-core:EmployeeBenefits 2025-12-31 NI001071 2025-01-01 2025-12-31 NI001071 uk-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI001071

Hunter Apparel Solutions Limited

Unaudited Financial Statements

for the financial year ended 31 December 2025

Hunter Apparel Solutions Limited

Directors and Other Information

Directors | Mr S.G. Hunter Esq, M.B.E. FloD, CDir B.A. Hons - Chief Executive Officer
| Mr WJ Hunter
Company Secretary | Mrs R Hunter
Company Registration Number | NI001071
Registered Office | Springtown Industrial Estate
| 9 Springtown Road
| Derry / Londonderry
| Co. Londonderry
| BT48 0LY
| Northern Ireland
Business Address | Springtown Industrial Estate
| 9 Springtown Road
| Derry / Londonderry
| BT48 0LY
| Northern Ireland
Accountants | HCA Chartered Accountants Ltd
| Chartered Accountants
| 12 Cromac Place
| Belfast
| Co. Antrim
| BT7 2JB
| Northern Ireland
Bankers | HSBC Bank PLC
| 4-8 Adelaide Street
| Co. Antrim
| BT2 8GA
| Northern Ireland
Solicitors | Caldwell & Robinson
| Artillery Chamber
| 10-12 Artillery Street
| BT48 6RG
| Northern Ireland

Hunter Apparel Solutions Limited

Company Registration Number: NI001071

Statement of Financial Position

as at 31 December 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Non-Current Assets

Property, plant and equipment |  | 4 | 2,442,284 |  | 2,754,895
Financial assets |  | 5 | 100,000 |  | 181,199
|  |  | ───────── |  | ─────────
Non-Current Assets |  |  | 2,542,284 |  | 2,936,094
|  |  | ───────── |  | ─────────
Current Assets

Stocks |  | 6 | 836,187 |  | 783,478
Debtors |  | 7 | 2,577,434 |  | 2,553,428
Cash and cash equivalents |  |  | 2,324,243 |  | 962,967
|  |  | ───────── |  | ─────────
|  |  | 5,737,864 |  | 4,299,873
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 8 | (2,883,007) |  | (1,856,094)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 2,854,857 |  | 2,443,779
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 5,397,141 |  | 5,379,873
Provisions for liabilities |  | 9 | (182,433) |  | (157,868)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 5,214,708 |  | 5,222,005
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 143,500 |  | 143,500
Revaluation reserve |  |  | 427,370 |  | 467,120
Other reserves |  |  | 7,500 |  | 7,500
Retained earnings |  |  | 4,636,338 |  | 4,603,885
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 5,214,708 |  | 5,222,005
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 21 July 2026 and signed on its behalf by

________________________________ |  |  |  |  |
Mr S.G. Hunter Esq, M.B.E. FloD, CDir B.A. Hons - Chief Executive Officer |  |  |  |  |
Director |  |  |  |  |

Hunter Apparel Solutions Limited

Notes to the Financial Statements

for the financial year ended 31 December 2025

1. | General Information
| Hunter Apparel Solutions Limited is a private company limited by shares incorporated in Northern Ireland. Springtown Industrial Estate, 9 Springtown Road, Derry / Londonderry, Co. Londonderry, BT48 0LY, Northern Ireland is the registered office. The principal place of business of the company is at Springtown Industrial Esate, Londonderry. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the year ended 31 December 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax together with leasing receipts from garments purchased for hire.
| Property, plant and equipment and depreciation
| Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
|  | Freehold Property | - | 4% Straight line
|  | Plant and equipment | - | 10 - 20% Straight line
|  | Motor vehicles | - | 25% Straight line
|  | Fixtures & fittings | - | 10% Straight line
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Financial assets
| Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the year in which it is receivable.
| Stocks
| Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
| 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.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| 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.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| Government grants
| Capital grants received and receivable are treated as deferred income and amortised to the Income Statement annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Income Statement when received.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
| Research and development
| Research expenditure is written off to the Income Statement in the year in which it is incurred.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.
| Exceptional item
| Exceptional items are those that the directors' view are required to be separately disclosed by virtue of their size or incidence to enable a full understanding of the company's financial performance.

3. | Employees
| The average monthly number of employees, including directors, during the financial year was 58, (2024 - 49).
|  | 2025 | 2024
|  | Number | Number
| Management | 5 | 5
| Other Staff | 45 | 45
|  | ───────── | ─────────
|  | 50 | 50
|  | ═════════ | ═════════

4. | Property, plant and equipment
|  | Freehold | Plant and | Motor | Fixtures & | Total
|  | Property | equipment | vehicles | fittings |
|  | £ | £ | £ | £ | £
| Cost or Valuation
| At 1 January 2025 | 1,325,000 | 789,998 | 129,539 | 1,164,340 | 3,408,877
| Additions | - | 19,502 | - | 47,194 | 66,696
| Disposals | - | - | (30,398) | - | (30,398)
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| At 31 December 2025 | 1,325,000 | 809,500 | 99,141 | 1,211,534 | 3,445,175
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| Depreciation
| At 1 January 2025 | - | 210,208 | 92,276 | 351,498 | 653,982
| Charge for the financial year | 53,000 | 121,425 | 15,362 | 189,458 | 379,245
| On disposals | - | - | (30,336) | - | (30,336)
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| At 31 December 2025 | 53,000 | 331,633 | 77,302 | 540,956 | 1,002,891
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| Net book value
| At 31 December 2025 | 1,272,000 | 477,867 | 21,839 | 670,578 | 2,442,284
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════
| At 31 December 2024 | 1,325,000 | 579,790 | 37,263 | 812,842 | 2,754,895
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════
| In 2023 the company held leased fire fighting protective equipment costing £2,086,858 which was fully depreciated. That equipment was disposed off in 2024.

4.1. | Property, plant and equipment continued
| Property, plant and equipment included at a valuation would have been included on a historical cost basis at:
|  | 2025 | 2024
|  | £ | £
| Cost | 702,173 | 702,173
| Depreciation | (702,173) | (702,173)
|  | ───────── | ─────────
| Net book value | - | -
| The property at 9 Springtown Road, Springtown Industrial Estate, Derry was revalued in November 2024 (last valuation: January 2016). This was completed by O'Connor Kennedy Turtle, commercial property consultants. At the date of valuation the market value of the property was £1,325,000 (2016: £950,000). in the current year it has been depreciated by £53,000 (4%).

5. | Financial fixed assets
|  | Other | Total
|  | investments |
| Investments | £ | £
| Cost
| At 1 January 2025 | 181,199 | 181,199
| Additions | (81,199) | (81,199)
|  | ───────── | ─────────
| At 31 December 2025 | 100,000 | 100,000
|  | ───────── | ─────────
| Net book value
| At 31 December 2025 | 100,000 | 100,000
|  | ═════════ | ═════════
| At 31 December 2024 | 181,199 | 181,199
|  | ═════════ | ═════════
| In a prior year the company acquired a shareholding in an unlisted company, that the directors consider is now impaired.

|  | 2025 | 2024
|  | £ | £
| Directors' valuation of unlisted investments | 100,000 | 200,000
|  | ═════════ | ═════════

6. | Stocks | 2025 | 2024
|  | £ | £
| Finished goods and goods for resale | 836,187 | 783,478
|  | ═════════ | ═════════
| The replacement cost of stock did not differ significantly from the figures shown.

7. | Debtors | 2025 | 2024
|  | £ | £
| Trade debtors | 2,447,426 | 1,779,880
| Other debtors | - | 679,986
| Taxation | 39,601 | 36,135
| Prepayments and accrued income | 90,407 | 57,427
|  | ───────── | ─────────
|  | 2,577,434 | 2,553,428
|  | ═════════ | ═════════
| Other debtors comprise government grants receivable and deferred leasing and other income.

8. | Creditors | 2025 | 2024
| Amounts falling due within one year | £ | £
| Trade creditors | 868,171 | 968,885
| Taxation | 446,657 | 388,323
| Directors' current accounts | 119,620 | 125,056
| Other creditors | 53,048 | 77,459
| Accruals and deferred income | 1,395,511 | 296,371
|  | ───────── | ─────────
|  | 2,883,007 | 1,856,094
|  | ═════════ | ═════════
| Bank facilities are secured by: A debenture dated 3 December 2013 including a fixed charge over all present freehold and leasehold property; first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and first floating charge over all assets and undertaking both present and future.
| Directors' loan accounts and other amounts owed to shareholders (included in other creditors) are unsecured, interest free and repayable on demand.

9. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Capital | Losses | Other | Total | Total
|  | allowances |  | differences |  |
|  |  |  |  | 2025 | 2024
|  | £ | £ | £ | £ | £
| At financial year start | 297,295 | (288,458) | 149,031 | 157,868 | 31,560
| Charged to profit and loss | (53,834) | 86,939 | (8,540) | 24,565 | 126,308
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| At financial year end | 243,461 | (201,519) | 140,491 | 182,433 | 157,868
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════
| The deferred taxation above is made up of accelerated capital allowances, taxation losses forward, other short term timing differences and tax attributable to the revaluation of the company's property.

10. | Capital commitments
| The company had no material capital commitments at the financial year-ended 31 December 2025.

11. | Contingent liabilities
| The company has a liability to repay government grants received if the company fails to comply with the criteria set out by Invest NI. In the opinion of the directors there are no indications that the company will suffer any loss in relation to this potential liability.

12. | Related party transactions
| The company has identified the following transactions which fall to be disclosed under FRS 8 "Related Party Disclosures": Transactions with directors: Amounts owed to directors are separately shown in the accounts Included in "Other Creditors" is £41,163 (2024: £50,701) owed to shareholders.

13. | Directors' advances, credits and guarantees
| The loans by the diirectors are unsecured and interest free

14. | Controlling interest
| The ultimate controlling party is S Hunter by virtue of his shareholding in the company.

15. | Events After the End of the Reporting Period
| There have been no significant events affecting the company since the financial year-end.

16. | Changes in Equity
| Other Comprehensive Income | 2025 | 2024
|  | £ | £
| Revaluation reserve unrealised movement on revaluation of property | - | 715,953
| Retained earnings taxation on realised revaluation gains | - | 816,245
|  | ───────── | ─────────
|  | - | 1,532,198
|  | ═════════ | ═════════

17. | Share Capital
| Issued and paid up share capital comprises:
|  | 2025 | 2024
|  | £ | £
| £1 Ordinary Shares | 60,250 | 60,250
| £1 A Ordinary Shares | 76,750 | 76,750
| £1 B Ordinary Shares | 5,500 | 5,500
| £1 C Ordinary | 1,000 | 1,000
|  | ───────── | ─────────
|  | 143,500 | 143,500
|  | ═════════ | ═════════