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REGISTERED NUMBER: 00921415 (England and Wales)

Tyre Renewals Limited

Unaudited Financial Statements

for the Year Ended 31 October 2025

Tyre Renewals Limited (Registered number: 00921415)

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

Company Information | 1 |

Abridged Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

Tyre Renewals Limited

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | R N Dix

| Mrs J Dix

| M J Rees

| L A Dix

| G J Dix

| REGISTERED OFFICE: | Torbay Road

| Ansford

| Castle Cary

| Somerset

| BA7 7DT

| REGISTERED NUMBER: | 00921415 (England and Wales)

| ACCOUNTANTS: | Maxwells

| Chartered Accountants

| 4 King Square

| Bridgwater

| Somerset

| TA6 3YF

| BANKERS: | National Westminster Bank plc

| 37 High Street

| Castle Cary

| Somerset

| BA7 7AP

| INCORPORATED ON: | 6 November 1967

Tyre Renewals Limited (Registered number: 00921415)

Abridged Statement of Financial Position

31 October 2025

| 31.10.25 | 31.10.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | 284 |  | 284 |  |

Tangible assets | 6 | 1,667,361 |  | 1,654,239 |  |

1,667,645 |  | 1,654,523 |  |

CURRENT ASSETS

Stocks | 64,773 |  | 49,295 |  |

Debtors | 6,293,705 |  | 1,309,045 |  |

Cash at bank | 1,129,954 |  | 5,460,201 |  |

7,488,432 |  | 6,818,541 |  |

CREDITORS

Amounts falling due within one year | 988,568 |  | 1,220,972 |  |

NET CURRENT ASSETS | 6,499,864 |  | 5,597,569 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,167,509 |  | 7,252,092 |  |

PROVISIONS FOR LIABILITIES | 290,000 |  | 290,000 |  |

NET ASSETS | 7,877,509 |  | 6,962,092 |  |

CAPITAL AND RESERVES

Called up share capital | 8,200 |  | 8,200 |  |

Retained earnings | 7,869,309 |  | 6,953,892 |  |

SHAREHOLDERS' FUNDS | 7,877,509 |  | 6,962,092 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Tyre Renewals Limited (Registered number: 00921415)

Abridged Statement of Financial Position - continued

31 October 2025

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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by:

R N Dix - Director

Tyre Renewals Limited (Registered number: 00921415)

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Tyre Renewals Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

| At the time of approving the financial statements the directors have a reasonable expectation that the Company has adequate resources to continue in operation existence for the foreseeable future.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Patents and licences are being amortised evenly over their estimated useful life of nil years.

| Intangible fixed assets

| Trademarks are not amortised since these have been stated at nominal value in the financial statements.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings | - | 2% on cost and over life of lease

| Plant and machinery etc | - | 25% on reducing balance and 10% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Tyre Renewals Limited (Registered number: 00921415)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

3. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 34 (2024 - 35 ) .

5. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 284 |  |

| NET BOOK VALUE

| At 31 October 2025 | 284 |  |

| At 31 October 2024 | 284 |  |

| These consist of the trademarks for the names 'Bison' and 'Haulmark' tyre designs, and the trademark 'Startrack' for rubber granules.

Tyre Renewals Limited (Registered number: 00921415)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

6. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 November 2024 | 5,804,834 |  |

| Additions | 278,638 |  |

| At 31 October 2025 | 6,083,472 |  |

| DEPRECIATION

| At 1 November 2024 | 4,150,595 |  |

| Charge for year | 265,516 |  |

| At 31 October 2025 | 4,416,111 |  |

| NET BOOK VALUE

| At 31 October 2025 | 1,667,361 |  |

| At 31 October 2024 | 1,654,239 |  |

7. | RELATED PARTY DISCLOSURES

| At the year-end the company paid rent of £41,850 (2024: £41,850) to Tyre Renewals SSAS Pension Scheme, a scheme in which the directors are members.

| The company also was owed £5,165,617 (2024: £115,532) by DX Global Holdings Limited, a company controlled by the directors.

8. | ULTIMATE CONTROLLING PARTY

| The company was controlled during the current and previous period by one of its directors, R N Dix, by virtue of the fact that he owns the majority of the company's issued share capital.