The directors are responsible for preparing the annual report 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 of the profit or loss of the company 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; and

• 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 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. They are 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

Soprema UK Bitumen Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lady Lane Industrial Estate, Hadleigh, Ipswich, England, IP7 6BA.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

• Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

In accordance with their statutory responsibilities as directors, the directors have considered the appropriateness of the going concern principle for the preparation of the financial statements.true

At the balance sheet date the company is in a net current asset position of £2,488,274 (2024 net asset position: £2,039,394) which includes £25,795 (2024: £NIL) due from the parent company Holding Soprema S.A which has confirmed in writing will not be recalled until the company is in a position to do so.

Managements adoption of the going concern basis relies upon several judgements those being; the continued support from the parent company in France and the anticipated efficiencies of a UK group restructure and streamline of operations delivering the forecasted savings.

The company has restructured post year end with movement of operations and the consolidation of brands to strengthen the Soprema brand within the market and generate further revenue growth in the future.

The directors have concluded that the Soprema UK Companies, on a group basis; have adequate resources to continue to meet their liabilities as they fall due for the foreseeable future and for a period of at least 12 months from the date of signing these financial statements. Thus, the directors continue to adopt the going concern basis in preparing the financial statements.

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.

Turnover from the sale of bituminous roofing products is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

The Company participates in rebate arrangements with certain customers whereby rebates are calculated based on the agreed volume of goods purchased or other performance criteria specified in the underlying agreements. Rebates are recognised as a reduction in revenue in accordance with the terms of the arrangements.

 Rebates are accrued throughout the year based on the Company’s best estimate of the amounts expected to be payable to customers under these agreements. The estimation process takes into account historical settlement trends, current trading performance and the terms of each contract. Accrued rebates are recorded within trade and other payables.

 Where rebate amounts remain subject to final confirmation at the reporting date, the Company reassesses the estimates based on the most recent information available. Any differences between estimated and actual settlements are recognised in the period in which they are identified.

 Management considers the rebate arrangements to be consistent with normal commercial practice. No other significant obligations arise from these agreements beyond the rebate liabilities recognised at the reporting date.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Plant and Machinery is the only class of asset that is held at valuation. Excess depreciation charged on revalued assets, above the historic cost depreciation, is transferred from retained earnings to the revaluation reserve each year

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stock is valued according to the last recorded price (price of the last order received), which is equivalent to the FIFO method, given the quick stock turnover.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents is represented by cash in hand repayable without penalty or notice of not more than 24 hours.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

In preparing these financial statements, the directors have considered the requirement for any provision for impairment in respect of stock held at the balance sheet date. To identify any impairment, the client reviews items which have not been used or sold in the past year and items where the consumption period of the stock is less than one pallet per month.

The directors have also considered the requirement for any provision for dilapidations in respect of the lease of property held at the balance sheet date. These are measured based on recent valuations of cost expected to be incurred in relation to returning the property to its original state.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

The directors are satisfied that the company is operating as a going concern and will continue for the foreseeable future.

In making their judgement, the directors have prepared a detailed business plan and rolling cash flow forecasts and in conjunction with the company's resources and obligations, have concluded that the company will be able to meet its liabilities as they fall due for the foreseeable future.

The average monthly number of persons (including directors) employed by the company during the year was:

Plant and Machinery was first revalued at 30 November 2019 by management based on a replacement cost approach.

At 31 December 2025 management have reviewed the value of assets held and confirmed the current valuation remains in line with market value based on a further valuation which took place in 2022.

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

The dilapidations provisions are in respect of the building that is currently rented by Soprema UK Bitumen Limited (Formerly Chesterfelt Limited).

As the income statement 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 auditor's report is unqualified.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

Effective from 1 January 2026, the nature of the Company’s operations has undergone a significant change. Following this date, the business transitioned from its previous trading activities to become primarily a manufacturing-focused entity. As part of this change, the majority of the Company’s sales are now made to a connected company, Soprema UK Limited (Company No. 02939363). Future external sales are expected to be presented predominantly within this entity, although a level of residual sales will continue to be recognised in the Company.

Due to this shift in the Company’s business processes and operating model, the financial statements for periods subsequent to the reporting date are not directly comparable with the results of the current reporting period.

The company has taken the exemption under paragraph 33.1A of FRS 102 which permits non disclosure of transactions that have taken place between two or more members of the group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

The company's immediate parent company is Soprema UK Bitumen Holdings Limited.

Soprema UK Bitumen Holdings Limited is owned by Holding Soprema SA, a company incorporated in France. The smallest group into which Soprema UK Bitumen Limited is consolidated is Holding Soprema SA.