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Registered number: 07199913 COLORMINIUM (LONDON) LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
COLORMINIUM (LONDON) LIMITED COMPANY INFORMATION
Directors | R L Price
| K R Mallinson
| R D Price
| S Byne
| C Hewison (appointed 23 April 2025)
Registered number | 07199913
Registered office | 23 Springfield Lyons Approach
| Springfield
| Chelmsford
| CM2 5LB
Independent auditors | WR Partners
| Chartered Accountants & Statutory Auditors
| Belmont House
| Shrewsbury Business Park
| Shrewsbury
| Shropshire
| SY2 6LG
COLORMINIUM (LONDON) LIMITED CONTENTS
| Page
Strategic report | 1 - 4
Directors' report | 5 - 6
Independent auditors' report | 7 - 10
Statement of comprehensive income | 11
Balance sheet | 12 - 13
Statement of changes in equity | 14
Notes to the financial statements | 15 - 27
COLORMINIUM (LONDON) LIMITED STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
Introduction
The directors introduce the strategic report for the year ended 31 December 2025.
Business review
Background Colorminium (London) Limited (“the Company”) is a UK-based specialist façade contractor delivering complex, high-value projects through an integrated design and construct model. With approximately 50 years of experience, the Company has developed strong technical expertise in façade engineering, procurement, and delivery. The Company typically undertakes projects ranging from approximately £5m to £25m in value, with durations of 1.5 to 2 years. The Company’s approach is centred on: •Early-stage collaboration with clients and design teams •Strong project delivery discipline •Long-term relationships with clients and supply chain partners •A consistent focus on safety, quality, and sustainability A significant proportion of the Company’s work is derived from repeat clients, reflecting its emphasis on reliability and delivery performance. Financial results The Company achieved turnover of £35.6m (2024: £24.6m). The year-on-year movement reflects the timing and phasing of major projects. Operating profit was £4.3m (2024: £5.2m), representing an operating margin of 12.1% (2024: 22.4%). Performance reflects continued focus on: •Margin discipline across contracts •Cost control and procurement efficiency •Effective project delivery Financial Position Net current assets increased to £9.1m (2024: £8.2m), supported by disciplined working capital management. Cash at year end was £8.2m (2024: £6.2m), representing approximately 22.9% of annual turnover. The Company continues to operate without external debt and has maintained positive cash balances over the past 11 years. This financial profile provides resilience to manage project delivery risks and short-term market fluctuations. Operational Performance and Delivery Capability During the year, the Company: •Delivered a number of successful projects including Trinity House and Vitrum Building •Maintained a strong record of project delivery •Continued to secure repeat business from key clients and business from new clients Page 1
COLORMINIUM (LONDON) LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 The Company’s delivery model is supported by: •Experienced project management and design teams •Established supply chain relationships •Active monitoring of programme, cost, and risk at project level Future Prospects The Company has a strong forward order book and pipeline of opportunities. The Company maintains a diversified pipeline across sectors and clients to reduce exposure to individual project or market risks. While the timing of project commencement remains subject to client funding and market conditions, the directors are confident in the Company’s ability to maintain a consistent level of activity.
Principal risks and uncertainties
The Company operates in a sector characterised by project-based revenue and exposure to external market conditions. The principal risks and mitigating actions are summarised below. Project Delivery Risk Delays, cost overruns, or contractual disputes could impact financial performance and client outcomes. Mitigation: •Robust project management processes •Regular financial and programme reviews •Conservative margin recognition Working Capital and Liquidity Risk The timing of customer receipts and supplier payments can create short-term cash flow pressure. Mitigation: •Detailed cash flow forecasting •Strong cash reserves •Active management of contract terms and debtor balances Market and Pipeline Risk Project timing and pipeline conversion are influenced by broader economic conditions, including interest rates and availability of funding. Mitigation: •Diversified pipeline across sectors •Active business development and client engagement •Flexible cost base Page 2
COLORMINIUM (LONDON) LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Credit and Supply Chain Risk Customer or supplier insolvency could impact project delivery. Mitigation: •Credit assessment and use of credit insurance and bank guarantees •Ongoing monitoring of supply chain stability •Established relationships with key suppliers Regulatory Risk The regulatory environment continues to evolve following the Grenfell Tower fire. Mitigation: •Continuous monitoring of regulatory developments •Engagement with clients and advisors •Maintaining compliance with applicable standards Supply Chain and External Risk Material availability and price volatility, as well as geopolitical factors, may impact delivery. Mitigation: •Early procurement strategies •Supplier diversification •Programme contingencies Sustainability The Company recognises the increasing importance of sustainability in the construction sector and is committed to: •Responsible sourcing of materials •Reducing environmental impact through design and procurement decisions •Supporting clients in achieving regulatory and environmental targets Further initiatives are being developed to enhance environmental performance and reporting.
Financial & operational key performance indicators
The Company monitors a range of KPIs to assess performance and inform decision-making. Financial KPIs •Turnover: £35.6m •Operating profit: £4.3m •Operating margin: 12.1% •Net current assets: £9.1m •Cash balance: £8.2m Operational KPIs •Project delivery performance (on time and on budget) •Health and safety metrics •Client satisfaction and repeat business •Programme adherence Page 3
COLORMINIUM (LONDON) LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 This report was approved by the board and signed on its behalf.
................................................ S Byne Director
Date: 21 July 2026
Page 4
COLORMINIUM (LONDON) LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The directors present their report and the financial statements for the year ended 31 December 2025.
Directors' responsibilities statement
The directors are responsible for preparing the Strategic report, the Directors' 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the company's financial statements 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 transactions and disclose with reasonable accuracy at any time the financial position of the company and to 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.
Results and dividends
The profit for the year, after taxation, amounted to £3,436,543 (2024 - £4,144,789). Dividends of £2,590,484 (2024: £698,218) were declared in the year. No further dividend is to be declared on the results of these financial statements.
Directors
The directors who served during the year were:
R L Price
K R Mallinson
R D Price
S Byne
C Hewison (appointed 23 April 2025)
Future developments
There are no significant expected developments in the Company's business.
Research and development activities
The Company is actively engaged in research and development activities through continuous new product development. Page 5
COLORMINIUM (LONDON) LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Disclosure of information to auditors
Each of the persons who are directors at the time when this Directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.
Post balance sheet events
There have been no significant events affecting the Company since the year end.
Auditors
The auditors, WR Partners, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board and signed on its behalf.
................................................ S Byne Director
Date: 21 July 2026
Page 6
COLORMINIUM (LONDON) LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COLORMINIUM (LONDON) LIMITED
Opinion
We have audited the financial statements of Colorminium (London) Limited (the 'company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, 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 company's affairs as at 31 December 2025 and of its profit for the year 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 company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 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. Page 7
COLORMINIUM (LONDON) LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COLORMINIUM (LONDON) LIMITED (CONTINUED)
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.
Opinion 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 Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Strategic report and the Directors' report 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the 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 Directors' responsibilities statement set out on page 5, 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 is 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 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 company or to cease operations, or have no realistic alternative but to do so. Page 8
COLORMINIUM (LONDON) LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COLORMINIUM (LONDON) LIMITED (CONTINUED)
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 an Auditors' report 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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: The audit team obtained an understanding of the legal and regulatory frameworks that are applicable to the Company and determined that the most significant are those that relate to the reporting framework (FRS102 and the Companies Act 2006), the relevant tax compliance regulations, employment law, Health and Safety Regulations and the UK General Data Protection Regulation (GDPR). We understood how the Company is complying with these frameworks by making enquiries of management and those responsible for legal and compliance procedures. We also reviewed board minutes to identify any recorded instances of irregularity or non compliance that might have a material impact on the financial statements. We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur by meeting with key management to understand where they considered there was susceptibility to fraud. Based on our understanding our procedures involved enquiries of management and those charged with governance, manual journal entry testing, cashbook reviews for large and unusual items and the challenge of significant accounting estimates used in preparing the financial statements. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 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 Auditors' report. Page 9
COLORMINIUM (LONDON) LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COLORMINIUM (LONDON) LIMITED (CONTINUED)
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 an Auditors' report 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. John Fletcher BA (Hons) FCA (Senior statutory auditor) for and on behalf of WR Partners Chartered Accountants Statutory Auditors Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG 22 July 2026 Page 10
COLORMINIUM (LONDON) LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2025
| 2025 | 2024
Note | £ | £
Turnover | 4 | 35,643,150 | 24,646,625
Cost of sales |  | (24,367,141) | (14,933,835)
Gross profit |  | 11,276,009 | 9,712,790
Administrative expenses |  | (7,020,018) | (5,587,250)
Other operating income | 5 | - | 1,068,074
Operating profit | 6 | 4,255,991 | 5,193,614
Interest receivable and similar income | 9 | 197,940 | 304,822
Interest payable and similar expenses | 10 | (22,430) | -
Profit before tax |  | 4,431,501 | 5,498,436
Tax on profit | 11 | (994,958) | (1,353,647)
Profit for the financial year |  | 3,436,543 | 4,144,789
There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of comprehensive income.
There was no other comprehensive income for 2025 (2024:£NIL).
The notes on pages 15 to 27 form part of these financial statements.
All activities are in connection with continuing operations.
Page 11
COLORMINIUM (LONDON) LIMITED REGISTERED NUMBER: 07199913 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 13 |  | 204,095 |  | 232,796
|  |  | 204,095 |  | 232,796
Current assets |  |  |  |  |
Stocks | 14 | 209,672 |  | 158,732 |
Debtors: amounts falling due within one year | 15 | 8,513,144 |  | 6,508,544 |
Cash at bank and in hand | 16 | 8,174,156 |  | 6,158,968 |
|  | 16,896,972 |  | 12,826,244 |
Creditors: amounts falling due within one year | 17 | (7,828,963) |  | (4,632,995) |
Net current assets |  |  | 9,068,009 |  | 8,193,249
Total assets less current liabilities |  |  | 9,272,104 |  | 8,426,045
Provisions for liabilities |  |  |  |  |
Other provisions | 18 | (422,853) |  | (422,853) |
|  |  | (422,853) |  | (422,853)
Net assets |  |  | 8,849,251 |  | 8,003,192
Page 12
COLORMINIUM (LONDON) LIMITED REGISTERED NUMBER: 07199913 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Capital and reserves |  |  |  |  |
Called up share capital | 19 |  | 1,604,027 |  | 1,604,027
Share premium account | 20 |  | 510,115 |  | 510,115
Capital redemption reserve | 20 |  | 39,360 |  | 39,360
Profit and loss account | 20 |  | 6,695,749 |  | 5,849,690
|  |  | 8,849,251 |  | 8,003,192
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ S Byne
Director
Date: 21 July 2026
The notes on pages 15 to 27 form part of these financial statements. Page 13
COLORMINIUM (LONDON) LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025
| Called up share capital | Share premium account | Capital redemption reserve | Profit and loss account | Total equity
| £ | £ | £ | £ | £
At 1 January 2024 | 1,604,027 | 510,115 | 39,360 | 2,403,119 | 4,556,621
Comprehensive income for the year |  |  |  |  |
Profit for the year | - | - | - | 4,144,789 | 4,144,789
Total comprehensive income for the year | - | - | - | 4,144,789 | 4,144,789
Contributions by and distributions to owners |  |  |  |  |
Dividends: Equity capital | - | - | - | (698,218) | (698,218)
Total transactions with owners | - | - | - | (698,218) | (698,218)
At 1 January 2025 | 1,604,027 | 510,115 | 39,360 | 5,849,690 | 8,003,192
Comprehensive income for the year |  |  |  |  |
Profit for the year | - | - | - | 3,436,543 | 3,436,543
Total comprehensive income for the year | - | - | - | 3,436,543 | 3,436,543
Contributions by and distributions to owners |  |  |  |  |
Dividends: Equity capital | - | - | - | (2,590,484) | (2,590,484)
Total transactions with owners | - | - | - | (2,590,484) | (2,590,484)
At 31 December 2025 | 1,604,027 | 510,115 | 39,360 | 6,695,749 | 8,849,251
| The notes on pages 15 to 27 form part of these financial statements.
Page 14
COLORMINIUM (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Colorminium (London) Limited is a private company, limited by shares, and incorporated in England. The principal activity of the Company is the engineering of facades and full project management service. The address of the registered office is 23 Springfield Lyons Approach, Springfield, Chelmsford, CM2 5LB. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 (see note 3). The following principal accounting policies have been applied:
| 2.2 | Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": ∙the requirements of Section 7 Statement of Cash Flows; ∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); ∙the requirements of Section 33 Related Party Disclosures paragraph 33.7. This information is included in the consolidated financial statements of CLL Group Holdings Limited as at 31 December 2025 and these financial statements may be obtained from Companies House or the parent company's registered office which is located at 23 Springfield Lyons Approach, Springfield, Chelmsford, England, CM2 5LB.
| 2.3 | Going concern
After making appropriate enquiries, including the review of cashflow forecasts under various scenarios, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements. The Group is considered to be well positioned given the current environment with no impact on the going concern basis of the financial statements Page 15
COLORMINIUM (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost 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 cost of assets less their residual value over their estimated useful lives, on the following basis. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 25% | reducing balance
|  |  |  | Office equipment | - | 20% | straight line
|  |  |  | Computer equipment | - | 33% | straight line
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 profit or loss. Page 16
COLORMINIUM (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is 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.
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is GBP. 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 cost are translated using the exchange rate at the date of the transaction and 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 except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 17
COLORMINIUM (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.11 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.12 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
| 2.13 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.14 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.
| 2.15 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.16 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 18
COLORMINIUM (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.17 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no 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. Long term contracts Judgement is particularly applied in estimating the completion stage and expected outcome of long term contracts. Warranty provision The Company provides a provision on estimated warranty costs, with the average warranty lasting a duration of 12 years. The Company has either entered into an uninsured warranty contract leading to a legal obligation or has a constructive obligation in relation to the warranty on these sales. The provision is based on a percentage of annual turnover. The total provision at balance sheet date is disclosed in note 18 of these accounts.
4. | Turnover
| All turnover arose within the United Kingdom.
| All turnover relates to the principal activity of the Company.
Page 19
COLORMINIUM (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Other operating income
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other operating income - Contract termination settlement | - | 1,068,074
|  | - | 1,068,074
6. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fees payable to the Company's auditors and its associates for the audit of the annual financial statements | 13,450 | 12,350
| Exchange differences | (33,349) | (4,933)
| Other operating lease rentals | 8,446 | 3,956
| (Profit) /Loss on disposal of fixed assets | 7 | 2,630
7. | Employees
| Staff costs, including directors' remuneration, were as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Wages and salaries | 5,418,208 | 4,029,174
| Social security costs | 610,530 | 400,962
| Cost of defined contribution scheme | 214,971 | 94,832
|  | 6,243,709 | 4,524,968
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  |  | 63 | 54
| Key management personnel (including directors) received remuneration of £883,613 (2024: £77,938)
Page 20
COLORMINIUM (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
8. | Directors' remuneration
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Directors' emoluments | 669,020 | 52,242
|  | 669,020 | 52,242
| The highest paid director received remuneration of £209,428 (2024 - £12,570).
9. | Interest receivable
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Interest receivable | 197,940 | 304,822
|  | 197,940 | 304,822
10. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other interest payable | 22,430 | -
|  | 22,430 | -
11. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 1,111,147 | 1,353,647
| Adjustments in respect of previous periods | (116,189) | -
|  | 994,958 | 1,353,647
| Total current tax | 994,958 | 1,353,647
Page 21
COLORMINIUM (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 11.Taxation (continued)
| Factors affecting tax charge for the year
| The tax assessed for the year is higher than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 4,431,501 | 5,498,436
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 1,107,875 | 1,374,609
| Effects of: |  |
| Expenses not deductible for tax purposes | 1,027 | 1,266
| Capital allowances for year in excess of depreciation | 5,380 | (14,634)
| Adjustments to the prior year tax charge | (116,189) | -
| Changes in provisions leading to an increase (decrease) in the tax charge | (3,135) | (7,594)
| Total tax charge for the year | 994,958 | 1,353,647
| Factors that may affect future tax charges
There were no factors that may affect future tax charges.
12. | Dividends
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Dividends paid on ordinary shares | 2,590,484 | 698,218
|  | 2,590,484 | 698,218
Page 22
COLORMINIUM (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
13. | Tangible fixed assets
|  | Plant and machinery | Office equipment | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 January 2025 | 228,660 | 271,507 | 183,049 | 683,216
| Additions | - | 30,789 | 56,088 | 86,877
| Disposals | (3,935) | - | (42,284) | (46,219)
| At 31 December 2025 | 224,725 | 302,296 | 196,853 | 723,874
| Depreciation |  |  |  |
| At 1 January 2025 | 111,230 | 234,407 | 104,783 | 450,420
| Charge for the year on owned assets | 41,373 | 21,749 | 52,449 | 115,571
| Disposals | (3,935) | - | (42,277) | (46,212)
| At 31 December 2025 | 148,668 | 256,156 | 114,955 | 519,779
| Net book value |  |  |  |
| At 31 December 2025 | 76,057 | 46,140 | 81,898 | 204,095
| At 31 December 2024 | 117,430 | 37,100 | 78,266 | 232,796
Page 23
COLORMINIUM (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
14. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Work in progress on long term contracts | 209,672 | 158,732
|  | 209,672 | 158,732
| Long-term contract balances consist of:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Costs to date less provision for losses | 209,672 | 158,732
|  | 209,672 | 158,732
15. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 3,437,065 | 1,134,618
| Amounts owed by group undertakings | 26,936 | 878,606
| Other debtors | 1,923,673 | 1,868,598
| Called up share capital not paid | 510,122 | 510,122
| Prepayments and accrued income | 363,710 | 710,947
| Amounts recoverable on long-term contracts | 2,251,638 | 1,405,653
|  | 8,513,144 | 6,508,544
16. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 8,174,156 | 6,158,968
|  | 8,174,156 | 6,158,968
Page 24
COLORMINIUM (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
17. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Payments received on account | 247,497 | 282,511
| Trade creditors | 1,369,593 | 608,678
| Amounts owed to group undertakings | 1,742,586 | 1,159,842
| Corporation tax | 911,459 | 1,100,580
| Other taxation and social security | 400,992 | 166,499
| Other creditors | 526,954 | 222,469
| Accruals and payment on account relating to LTC | 2,629,882 | 1,092,416
|  | 7,828,963 | 4,632,995
18. | Provisions
|  | Warranty provision
|  | £
| At 1 January 2025 | 422,853
| At 31 December 2025 | 422,853
19. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 19,300 (2024 - 19,300) Ordinary A shares of £0.01 each | 193 | 193
|  | 700 (2024 - 700) Ordinary T shares of £0.01 each | 7 | 7
|  | 67 (2024 - 67) Ordinary Z shares of £1.00 each | 67 | 67
|  | 40,117 (2024 - 40,117) Deferred A shares of £1.00 each | 40,117 | 40,117
|  | 363,643 (2024 - 363,643) Deferred B shares of £1.00 each | 363,643 | 363,643
|  | 1,200,000 (2024 - 1,200,000) Deferred C shares of £1.00 each | 1,200,000 | 1,200,000
|  |  | 1,604,027 | 1,604,027
The Deferred A-C shares and Ordinary Z shares are redeemable at any time at the request of the Company. The holders have a right to request a redemption but the Company has an unconditional right to reject any such request if it sees fit. Page 25
COLORMINIUM (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
20. | Reserves
Share premium account The share premium account represents the amount by which shares have been issued in excess of their nominal value. Capital redemption reserve The capital redemption reserve represents the amounts transferred following the redemption of the Company's own shares. Profit and loss account The profit and loss account reserve represents the cumulative retained profits generated by the Company since incorporation, less distributions.
21. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £214,971 (2024: £94,832). Contributions totalling £37,642 (2024: £755) were payable to the fund at the balance sheet date and are included in creditors.
22. | Commitments under operating leases
| At 31 December 2025 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 462,852 | 319,775
| Later than 1 year | 556,071 | 296,656
|  | 1,018,923 | 616,431
23. | Related party transactions
| During the year the Company made sales to a fellow group company of £1,391,190 (2024: £1,809,475) and purchases from a fellow group company of £1,300,399 (2024: £1,264,034). Amounts owed to group companies at 31 December 2025 were £1,742,586 (2024: £1,159,842). Amounts owed from group companies at 31 December 2025 were £26,936 (2024: £878,606).
Page 26
COLORMINIUM (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
24. | Controlling party
CLL Group Holdings Limited, a company registered and incorporated in the United Kingdom, was the immediate and ultimate parent undertaking during the period. This is the parent of the smallest and largest group to draw up consolidated accounts which include this entity. The registered office of this company is 23 Springfield Lyons Approach, Springfield, Chelmsford, England, CM2 5LB.
Page 27