| The National Association of Master Bakers Limited |
| Company No. 04196498 |
| Information for Filing with The Registrar |
| 31 December 2025 |

The National Association of Master Bakers Limited Directors Report Registrar |  |

The Directors present their report and the accounts for the year ended 31 December 2025.
Principal activities |  |  |  |  |
The principal activity of the company during the year under review was to promote the interest of the craft bakery trade. To engage with government departments on legislative matters and be the voice of the craft baking industry, under the duty of a trade association. The Craft Bakers Association (CBA) is the UK’s leading community of Professional Bakers. The Association offers such a wide range of member services that it remains relevant for all businesses producing bakery products, large or small, retail or wholesale. Before adding to the long list of services, members are asked to assess the potential new service, thereby ensuring that they are relevant and helpful for members. This constant adding and refreshing services means that the Association continues to grow with 44 new members joining last year.
Business Review The Association continues to maintain a strong financial position. Whilst the year under review resulted in a small operating deficit, this reflects the Board's continued investment in delivering high-quality services, representation and support for members during a period of increasing operating costs. The Board's ambition remains to manage the Association prudently and, wherever possible, achieve a financial position that is as close to break even as possible each year. This approach ensures that membership income is reinvested directly into services, events, lobbying, member support and strategic initiatives, rather than generating profit. The Association's Balance Sheet continues to demonstrate a healthy financial position, with strong investments and reserves providing long-term stability and resilience. These reserves enable the Association to continue investing in new services, respond to industry challenges and support members into the future. As a trade association, the Company does not pay dividends to its Directors. Any surplus generated is retained within the Association and reinvested for the benefit of members through enhanced services, representation, education, lobbying and industry support. The past year has seen the setting up of a Bakery All Party Parliamentary Group (APPG) with the CBA as the secretariat. This gives members an opportunity to speak directly to MPs who have an interest in the Bakery sector. We believe that this will give us even more opportunities to lobby for the sector. With the majority of member being private, family businesses we continue to work closely with Family Business UK and the Independent Retailers Consortium. Regular member surveys continue to help with giving the background information for our lobbying of Government. Challenges and Highlights Independent businesses in the UK continue to be burdened with more legislation and costs, whether that be increased NI, the new Business Property relief rules or the changes in business rates. Added to this ingredients costs continue to rise so putting further pressure on members. The new employment laws introduced in the last 12 months mean that more and more members are using the excellent HR services, the increasingly complex Food legislation makes the Unitary Authority service equally important to members. The constant lobbying and ongoing membership of pressure groups is an important part of the Association. The CBA maintains close links with bakery colleges, the ABST and NDFT to offer the best routes into our exciting sector, the Training and Benevolent fund is also there to help members offer training to their staff. Directors' Attendance and Remuneration 4 Board meetings were held in 2025 - March, May, July and November. N J T Harris - Attendance 4 meetings. Remuneration - 12 x £1,250 = £15,000 for position of Chairman D J Carr - Attendance 3 meetings. Remuneration - 3 x £500 = £1,500 J R Foster - Attendance 4 meetings. Remuneration - 4 x £500 = £2,000 L Fussnegger - Attendance 4 meetings. Remuneration - £NIL C Grant - Attendance 4 meetings. Remuneration - 4 x £500 = £2,000 W El-Haddad - Attendance 4 meetings. Remuneration - 4 x £500 = £2,000 J Lamper - Attendance 4 meetings. Remuneration - 4 x £500 = £2,000
Directors |  |  |  |  |
The Directors who served at any time during the year were as follows:
D.Carr |  |  |  |  |
W.El-Haddad |  |  |  |  |
J.Foster |  |  |  |  |
L.Fussnegger |  |  |  |  |
C.Grant |  |  |  |  |
N.J.T.Harris |  |  |  |  |
J.Lamper |  |  |  |  |
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board |  |  |  |
N.J.T.Harris |  |  |  |  |  |
Director |  |  |  |  |  |
24 June 2026 |  |  |  |  |  |

The National Association of Master Bakers Limited Balance Sheet Registrar |  |

at | 31 December 2025 |  |  |  |  |  |  |
Company No. | 04196498 |  |  | Notes | 2025 |  |  |  | 2024
|  |  |  |  |  | £ |  |  |  | £
Fixed assets |  |  |  |  |  |  |
| Tangible assets |  | 5 | 321,798 |  |  |  | 321,567
| Investments |  | 6 | 381,758 |  |  |  | 369,799
|  |  |  |  |  | 703,556 |  |  |  | 691,366
Current assets |  |  |  |  |  |  |
| Stocks |  |  | 8,315 |  |  |  | 12,926
| Debtors |  |  | 41,279 |  |  |  | 164,098
| Investments |  | 7 | - |  |  |  | -
| Cash at bank and in hand |  |  | 20,431 |  |  |  | 75,495
|  |  |  |  |  | 70,025 |  |  |  | 252,519
Creditors: Amount falling due within one year |  | (100,748) |  |  |  | (270,292)
Net current liabilities |  |  | (30,723) |  |  |  | (17,773)
Total assets less current liabilities |  |  | 672,833 |  |  |  | 673,593
Provisions for liabilities |  |  |  |  |  |  |
| Deferred taxation |  | 8 | (33,792) |  |  |  | (40,969)
Net assets |  |  | 639,041 |  |  |  | 632,624
Capital and reserves |  |  |  |  |  |  |
| Revaluation reserve |  | 9 | 182,430 |  |  |  | 165,513
| Profit and loss account |  | 9 | 456,611 |  |  |  | 467,111
Total equity |  |  | 639,041 |  |  |  | 632,624
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 December 2025 in accordance with the Companies Act 2006.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 24 June 2026 and signed on its behalf by:
N.J.T.Harris |  |  |  |  |  |  |
Director |  |  |  |  |  |  |
24 June 2026 |  |  |  |  |  |  |  |

The National Association of Master Bakers Limited Notes to the Accounts Registrar |  |

for the year ended 31 December 2025 |  |  |  |  |  |  |  |

1 | General information |  |
| The National Association of Master Bakers Limited is a private company limited by shares and incorporated in England and Wales.
| Its registered number is: 04196498 |  |  |  |  |  |
| Its registered office is: |  |  |  |  |  |
| 21 Baldock Street |  |  |  |  |  |
| Ware |  |  |  |  |  |
| SG12 9DH |  |  |  |  |  |
| The abridged accounts have been prepared in accordance and comply with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, including the provisions permitting an abridged profit and loss account and balance sheet to be prepared.

2 | Accounting policies |  |  |  |  |  |  |  |

| Revenue recognition |  |
| Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

| Tangible fixed assets and depreciation |  |  |  |  |  |  |  |
| Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
| Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
|  | Furniture, fittings and equipment |  | 25% Reducing Balance |  |  |  |  |  |

| Taxation |  |  |  |  |  |  |  |
| Income 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 profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

| Freehold investment property |  |  |  |  |  |  |  |
| Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account. No depreciation is provided in respect of investment properties.

| Investments |  |  |  |  |  |  |  |
| Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

| Stocks |  |  |  |  |  |  |  |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

| 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.

| Trade and other 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.

| Employee benefits |  |  |  |  |  |  |  |
| Defined contribution pensions
| 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 payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

| Provisions |  |  |  |  |  |  |  |
| Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

3 | Employees |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | Number |  |  |  | Number
| The average monthly number of employees (including directors) during the year was: |  | 4 |  |  |  | 4

4 | Taxation
|  | (a) Tax on profit on ordinary activities |  |  |  | 2025 |  |  |  | 2024
|  | The tax charge is made up as follows: |  |  |  | £ |  |  |  | £
|  | UK corporation tax |  |  |  |  |  |  |  |
|  | Origination and reversal of timing differences |  |  |  | (7,177) |  |  |  | (17,554)
|  | Total deferred tax |  |  |  | (7,177) |  |  |  | (17,554)
|  | Tax on profit on ordinary activities |  |  |  | (7,177) |  |  |  | (17,554)
|  | (b) Factors affecting the total tax charge for the period |  |  |  |  |  |
|  | The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The differences are reconciled below:
|  | Lower |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  | (7177) |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Profit on ordinary activities before tax |  |  |  | (17,677) |  |  |  | 5,335
|  | Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom |  | - |  |  |  | -
|  | Expenses not deductible for tax purposes |  | (7,177) |  |  |  | (17,554)
|  | Tax on profit on ordinary activities |  |  |  | (7,177) |  |  |  | (17,554)

5 | Tangible fixed assets |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Total
|  |  |  |  |  | £ |  | £ |  | £ |  | £ |  | £
|  | Cost or revaluation |  |  |  |  |  |  |  |  |  |
|  | At 1 January 2025 |  | - |  | - |  | - |  | - |  | 386,108
|  | Additions |  | - |  | - |  | - |  | - |  | 1,638
|  | At 31 December 2025 |  | - |  | - |  | - |  | - |  | 387,746
|  | Depreciation |  |  |  |  |  |  |  |  |  |
|  | At 1 January 2025 |  | - |  | - |  | - |  | - |  | 64,541
|  | Charge for the year |  | - |  | - |  | - |  | - |  | 1,407
|  | At 31 December 2025 |  | - |  | - |  | - |  | - |  | 65,948
|  | Net book values |  |  |  |  |  |  |  |  |  |
|  | At 31 December 2025 |  | - |  | - |  | - |  | - |  | 321,798
|  | At 31 December 2024 |  | - |  | - |  | - |  | - |  | 321,567

6 | Investments |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Investment in Subsidiaries |  | Other investments |  | Total
|  |  |  |  |  |  |  |  |  | £ |  | £ |  | £
|  | Cost or valuation |  |  |  |  |  |  |  |  |  |
|  | At 1 January 2025 |  |  |  |  |  | - |  | - |  | 354,754
|  | Additions |  |  |  |  |  | - |  | - |  | 130,009
|  | Revaluation |  |  |  |  |  | - |  | - |  | 5,372
|  | Disposals |  |  |  |  |  | - |  | - |  | (123,421)
|  | At 31 December 2025 |  |  |  |  |  | - |  | - |  | 366,714
|  | Provisions/Impairment |  |  |  |  |  |  |  |  |  |
|  | At 1 January 2025 |  |  |  |  |  | - |  | - |  | (15,044)
|  | At 31 December 2025 |  |  |  |  |  | - |  | - |  | (15,044)
|  | Net book values |  |  |  |  |  |  |  |  |  |
|  | At 31 December 2025 |  |  |  |  |  | - |  | - |  | 381,758
|  | At 31 December 2024 |  |  |  |  |  | - |  | - |  | 369,798

7 | Current asset investments |  |  |  |  |  |  |  |

8 | Deferred taxation
|  |  |  |  |  |  |  |  |  | Accelerated Capital Allowances, Losses and Other Timing Differences |  |  |  | Total
|  |  |  |  |  |  |  |  |  | £ |  | £ |  | £
|  | At 1 January 2025 |  | 40,969 |  | - |  | 40,969
|  | Charge to the profit and loss account for the period |  | (7177) |  |  |  | (7,177)
|  | At 31 December 2025 |  | 33,792 |  | - |  | 33,792

9 | Reserves |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Revaluation Reserve |  | Capital redemption reserve |  | Total other reserves
|  |  |  |  |  |  |  |  |  | £ |  | £ |  | £
|  | At 1 January 2024 |  |  |  | 165,513 |  | - |  | 165,513
|  | At 31 December 2024 and 1 January 2025 |  |  |  | 165,513 |  | - |  | 165,513
|  | Movement on revaluation reserve |  |  |  | 16,917 |  |  |  | 16,917
|  | At 31 December 2025 |  |  |  | 182,430 |  | - |  | 182,430
|  | Revaluation reserve - reflects the revaluation of property other than investment properties.
|  | Profit and loss account - includes all current and prior period retained profits and losses.

10 | Transition to FRS 102
| The impact from the transition to FRS 102 is as follows: |  |  |  |  |  |

The National Association of Master Bakers Limited 04196498 31 December 2025 01 January 2025 false 24 June 2026 BTCSoftware AP Solution 2022 9.4.03 9.4.03 04196498 2025-01-01 2025-12-31 04196498 2025-12-31 04196498 bus:Director1 2025-01-01 2025-12-31 04196498 bus:Director2 2025-01-01 2025-12-31 04196498 bus:Director3 2025-01-01 2025-12-31 04196498 bus:Director4 2025-01-01 2025-12-31 04196498 bus:Director5 2025-01-01 2025-12-31 04196498 bus:Director6 2025-01-01 2025-12-31 04196498 bus:Director7 2025-01-01 2025-12-31 04196498 2024-12-31 04196498 core:WithinOneYear 2025-12-31 04196498 core:WithinOneYear 2024-12-31 04196498 core:RevaluationReserve 2025-12-31 04196498 core:RevaluationReserve 2024-12-31 04196498 core:RetainedEarningsAccumulatedLosses 2025-12-31 04196498 core:RetainedEarningsAccumulatedLosses 2024-12-31 04196498 countries:UnitedKingdom 2025-01-01 2025-12-31 04196498 bus:RegisteredOffice 2025-01-01 2025-12-31 04196498 core:FurnitureFittingsToolsEquipment 2025-01-01 2025-12-31 04196498 2024-01-01 2024-12-31 04196498 core:LandBuildings 2025-01-01 04196498 core:PlantMachinery 2025-01-01 04196498 core:MotorVehicles 2025-01-01 04196498 core:FurnitureFittingsToolsEquipment 2025-01-01 04196498 2025-01-01 04196498 core:LandBuildings 2025-01-01 2025-12-31 04196498 core:PlantMachinery 2025-01-01 2025-12-31 04196498 core:MotorVehicles 2025-01-01 2025-12-31 04196498 core:LandBuildings 2025-12-31 04196498 core:PlantMachinery 2025-12-31 04196498 core:MotorVehicles 2025-12-31 04196498 core:FurnitureFittingsToolsEquipment 2025-12-31 04196498 core:LandBuildings 2024-12-31 04196498 core:PlantMachinery 2024-12-31 04196498 core:MotorVehicles 2024-12-31 04196498 core:FurnitureFittingsToolsEquipment 2024-12-31 04196498 core:CostValuation 2025-01-01 04196498 core:AdditionsToInvestments 2025-12-31 04196498 core:RevaluationsIncreaseDecreaseInInvestments 2025-12-31 04196498 core:DisposalsDecreaseInInvestments 2025-12-31 04196498 core:CostValuation 2025-12-31 04196498 core:CostValuation core:UnlistedNon-exchangeTraded 2025-12-31 04196498 core:ProvisionsForImpairmentInvestments 2025-01-01 04196498 core:ProvisionsForImpairmentInvestments 2025-12-31 04196498 core:RevaluationPropertyPlantEquipmentDeferredTax 2025-01-01 04196498 core:RevaluationReserve 2024-01-01 04196498 core:CapitalRedemptionReserve 2024-01-01 04196498 core:OtherReservesSubtotal 2024-01-01 04196498 core:RevaluationReserve 2025-01-01 04196498 core:CapitalRedemptionReserve 2025-01-01 04196498 core:OtherReservesSubtotal 2025-01-01 04196498 core:RevaluationReserve core:PriorPeriodIncreaseDecrease 2025-01-01 04196498 core:OtherReservesSubtotal core:PriorPeriodIncreaseDecrease 2025-01-01 04196498 core:CapitalRedemptionReserve 2025-12-31 04196498 core:OtherReservesSubtotal 2025-12-31 04196498 core:RevaluationReserve 2025-01-01 2025-12-31 04196498 core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 04196498 bus:SmallEntities 2025-01-01 2025-12-31 04196498 bus:AbridgedAccounts 2025-01-01 2025-12-31 04196498 bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 04196498 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure