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Registration number: 03765347

Opalbond Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Opalbond Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 11

Opalbond Limited

Company Information

Directors | A D McNish D L McNish

Company secretary | D L McNish

Registered office | 10c Aspen House Vantage Park Washingley Road Huntingdon Cambridgeshire PE29 6SR

Opalbond Limited

(Registration number: 03765347)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 106,375 | 136,154
Investments | 5 | 100 | 100
|  | 106,475 | 136,254
Current assets |  |  |
Stocks | 6 | 191,756 | 54,299
Debtors | 7 | 1,404,622 | 1,203,799
Cash at bank and in hand |  | 1,265,960 | 1,541,245
|  | 2,862,338 | 2,799,343
Creditors: Amounts falling due within one year | 8 | (790,672) | (572,822)
Net current assets |  | 2,071,666 | 2,226,521
Total assets less current liabilities |  | 2,178,141 | 2,362,775
Provisions for liabilities |  | (1,987) | (4,030)
Net assets |  | 2,176,154 | 2,358,745
Capital and reserves |  |  |
Called up share capital | 9 | 1,000 | 1,000
Retained earnings |  | 2,175,154 | 2,357,745
Shareholders' funds |  | 2,176,154 | 2,358,745

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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

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

......................................... A D McNish Director

Opalbond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10c Aspen House
Vantage Park
Washingley Road
Huntingdon
Cambridgeshire
PE29 6SR

These financial statements were authorised for issue by the Board on 21 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Exemption from preparing group accounts

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Opalbond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 10% on cost
Office equipment | 15% to 25% on cost
Motor Vehicles | 25% on cost

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Opalbond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Opalbond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 10).

Opalbond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 November 2024 | 63,807 | 146,385 | 210,192
Additions | 1,757 | - | 1,757
Disposals | (27,625) | - | (27,625)
At 31 October 2025 | 37,939 | 146,385 | 184,324
Depreciation
At 1 November 2024 | 56,960 | 17,078 | 74,038
Charge for the year | 2,260 | 29,277 | 31,537
Eliminated on disposal | (27,626) | - | (27,626)
At 31 October 2025 | 31,594 | 46,355 | 77,949
Carrying amount
At 31 October 2025 | 6,345 | 100,030 | 106,375
At 31 October 2024 | 6,847 | 129,307 | 136,154

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 100 | 100

Subsidiaries | £
Cost or valuation
At 1 November 2024 | 100
Provision
Carrying amount
At 31 October 2025 | 100
At 31 October 2024 | 100

Opalbond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Opalbond Nutrition Limited | 10c Aspen House, Washingley Road, Huntingdon PE29 6SR England and Wales | Ordinary | 100% | 100%

Subsidiary undertakings
Opalbond Nutrition Limited The principal activity of Opalbond Nutrition Limited is distribution..

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 191,756 | 54,299

The carrying amount of stocks pledged as security for liabilities amounted to £191,756 (2024 - £54,299).

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 1,363,449 | 1,142,105
Prepayments | 41,173 | 34,662
Other debtors | - | 27,032
| 1,404,622 | 1,203,799

The carrying amount of trade debtors pledged as security for liabilities amounted to £1,363,449 (2024 - £1,142,105).

Opalbond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 526,111 | 44,163
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 11 | 100 | 100
Taxation and social security |  | 234,742 | 494,255
Accruals and deferred income |  | 29,410 | 32,206
Other creditors |  | 309 | 2,098
|  | 790,672 | 572,822

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £nil (2024 - nil).

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 1,000 | 1,000 | 1,000 | 1,000

10 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 19,012 | 18,000
Later than one year and not later than five years | 72,918 | 72,000
Later than five years | 4,500 | 22,500
| 96,430 | 112,500

The amount of non-cancellable operating lease payments recognised as an expense during the year was £18,696 (2024 - £19,489).

11 | Related party transactions

Summary of transactions with entities with joint control or significant interest

Opalbond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Entities with joint control or significant influence. The company advanced a loan a company with joint control or significant influence.

Summary of transactions with subsidiaries

Subsidiary companies. The company sells products to a subsidiary.

Loans to related parties

2025 | Entities with joint control or significant influence £ | Total £
At start of period | 26,800 | 26,800
Repaid | (26,800) | (26,800)
At end of period | - | -

2024 | Entities with joint control or significant influence £ | Total £
At start of period | 66,800 | 66,800
Repaid | (40,000) | (40,000)
At end of period | 26,800 | 26,800

Terms of loans to related parties

The advance is interest-free, unsecured and repayable on demand.

Loans from related parties

2025 | Subsidiary £ | Total £
At start of period | 100 | 100
At end of period | 100 | 100

2024 | Subsidiary £ | Total £
At start of period | 100 | 100
At end of period | 100 | 100

Terms of loans from related parties

The loan is unsecured, interest-free and repayable on demand.

Opalbond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Income and receivables from related parties

2025 | Subsidiary £
Sale of goods | 5,912,234
Amounts receivable from related party | 1,308,990

2024 | Subsidiary £
Sale of goods | 6,619,302
Amounts receivable from related party | 1,006,793

12 | Parent and ultimate parent undertaking

The ultimate controlling party is A D McNish.