REGISTERED NUMBER: 03129971 (England and Wales)

BEACON INTERNATIONAL LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

J C Goodhind

D Black

Mrs S J Flint

SECRETARY:

Mrs R A Goodhind

REGISTERED OFFICE:

Elgee Works

Victoria Street

Desborough

Northamptonshire

NN14 2LX

REGISTERED NUMBER:

03129971 (England and Wales)

AUDITORS:

Stour Accountants Limited

Chartered Certified Accountants and Statutory

Auditors

402-403 Stourport Road

Kidderminster

Worcestershire

DY11 7BG

BANKERS:

Barclays plc

8 Market Place

Kettering

Northamptonshire

NN16 OAX

The directors present their strategic report for the year ended 31st October 2025.

REVIEW OF BUSINESS

The directors are pleased to present the review of the business for the year ended 31st October 2025 and the position of the company at the end of the year. The intention is to portray a balanced and comprehensive summary of the development and performance of the company consistent with the size and relatively uncomplicated nature of the business against the background of any risks and uncertainties that may exist. In doing so, the directors have taken into account only such facts and circumstances of which they are aware at the date of this report.

There has been no change in the principal activity.

The company operates out over five sites based in Desborough, Bristol, Birmingham, London and Leeds.

The key financial performance indicators of the company are turnover and operating profit.

Turnover of £11,219,139 (2024 - £10,988,419)

Operating profit of £1,036,872 (2024 - £898,110)

PRINCIPAL RISKS AND UNCERTAINTIES

The main risks and uncertainties for the business relate to materials shortages as well as exchange rate risks.

The company undertakes regular reviews of the principal risks and the business and wherever possible adopts strategies to minimise such risks

ON BEHALF OF THE BOARD:

J C Goodhind - Director

27th July 2026

The directors present their report with the financial statements of the company for the year ended 31st October 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the sale of asbestos removal and ancillary equipment.

DIVIDENDS

An interim dividend of 88.68 per share on the Ordinary 1p shares was paid on 30th November 2024. The directors recommend that no final dividend be paid on these shares.

No interim dividend was paid on the Ordinary A 1p shares. The directors recommend that no final dividend be paid on these shares.

No interim dividend was paid on the Ordinary B 1p shares. The directors recommend that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 31st October 2025 will be £ 674,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1st November 2024 to the date of this report.

J C Goodhind

D Black

Mrs S J Flint

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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;

-	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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Stour Accountants Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J C Goodhind - Director

27th July 2026

Opinion

We have audited the financial statements of Beacon International Limited (the 'company') for the year ended 31st October 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, 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 31st October 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 UK, including the FRC'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.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors 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 Report of the Directors.

We have nothing to report in respect of the following matters where 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 Statement of Directors' Responsibilities set out on page three, 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 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.

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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISA's (UK), we exercise professional judgment and maintain professional

scepticism throughout the audit. We also:

* Identify and assess the risks of material misstatement of the financial statements,whether due to fraud or error, design

and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the

override of internal control.

* Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are

appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control.

* Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

* Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained,whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.

* Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and

whether the financial statements represent the underlying transactions and events in a manner that achieves fair

presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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 Report of the Auditors.

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 a Report of the Auditors 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.

William David Chinn (Senior Statutory Auditor)

for and on behalf of Stour Accountants Limited

Chartered Certified Accountants and Statutory

Auditors

402-403 Stourport Road

Kidderminster

Worcestershire

DY11 7BG

27th July 2026

TURNOVER

3

11,219,139

10,988,419

Cost of sales

6,794,835

6,817,873

GROSS PROFIT

4,424,304

4,170,546

Administrative expenses

3,579,682

3,469,236

844,622

701,310

Other operating income

192,250

196,800

OPERATING PROFIT

5

1,036,872

898,110

Income from shares in group undertakings

20,000

-

Interest receivable and similar income

11,141

6,343

31,141

6,343

1,068,013

904,453

Interest payable and similar expenses

6

25,431

31,871

PROFIT BEFORE TAXATION

1,042,582

872,582

Tax on profit

7

260,212

244,955

PROFIT FOR THE FINANCIAL YEAR

782,370

627,627

PROFIT FOR THE YEAR

782,370

627,627

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

782,370

627,627

FIXED ASSETS

Intangible assets

9

-

428

Tangible assets

10

1,085,642

953,186

Investments

11

80,000

80,000

1,165,642

1,033,614

CURRENT ASSETS

Stocks

12

2,985,256

3,263,828

Debtors

13

3,586,357

4,308,238

Cash at bank and in hand

1,942,806

1,136,209

8,514,419

8,708,275

CREDITORS

Amounts falling due within one year

14

1,649,234

1,808,051

NET CURRENT ASSETS

6,865,185

6,900,224

TOTAL ASSETS LESS CURRENT LIABILITIES

8,030,827

7,933,838

CREDITORS

Amounts falling due after more than one year

15

(472,574

)

(520,586

)

PROVISIONS FOR LIABILITIES

19

(122,964

)

(86,333

)

NET ASSETS

7,435,289

7,326,919

CAPITAL AND RESERVES

Called up share capital

20

105

105

Retained earnings

21

7,435,184

7,326,814

SHAREHOLDERS' FUNDS

7,435,289

7,326,919

The financial statements were approved by the Board of Directors and authorised for issue on 27th July 2026 and were signed on its behalf by:

J C Goodhind - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st November 2023

105

7,373,187

7,373,292

Changes in equity

Dividends

-

(674,000

)

(674,000

)

Total comprehensive income

-

627,627

627,627

Balance at 31st October 2024

105

7,326,814

7,326,919

Changes in equity

Dividends

-

(674,000

)

(674,000

)

Total comprehensive income

-

782,370

782,370

Balance at 31st October 2025

105

7,435,184

7,435,289

Cash flows from operating activities

Cash generated from operations

1

1,326,075

804,921

Interest paid

(25,431

)

(31,871

)

Tax paid

(277,807

)

(423,323

)

Net cash from operating activities

1,022,837

349,727

Cash flows from investing activities

Purchase of tangible fixed assets

(342,315

)

(144,833

)

Purchase of fixed asset investments

-

(119,865

)

Sale of tangible fixed assets

24,608

18,794

Interest received

11,141

6,343

Dividends received

20,000

-

Net cash from investing activities

(286,566

)

(239,561

)

Cash flows from financing activities

Loan repayments in year

(46,370

)

(309,053

)

Capital repayments in year

(9,333

)

(24,941

)

Amount introduced by directors

-

78,008

Amount withdrawn by directors

-

(100,360

)

Equity dividends paid

(674,000

)

(674,000

)

Amounts owed by group

800,029

158,694

Net cash from financing activities

70,326

(871,652

)

Increase/(decrease) in cash and cash equivalents

806,597

(761,486

)

Cash and cash equivalents at beginning of year

2

1,136,209

1,897,695

Cash and cash equivalents at end of year

2

1,942,806

1,136,209

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

1,042,582

872,582

Depreciation charges

116,715

122,320

Loss on disposal of fixed assets

68,964

6,074

Loss on revaluation of fixed assets

-

89,865

Finance costs

25,431

31,871

Finance income

(31,141

)

(6,343

)

1,222,551

1,116,369

Decrease/(increase) in stocks

278,572

(439,475

)

(Increase)/decrease in trade and other debtors

(54,555

)

134,946

Decrease in trade and other creditors

(120,493

)

(6,919

)

Cash generated from operations

1,326,075

804,921

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st October 2025

31/10/25

1/11/24

£

£

Cash and cash equivalents

1,942,806

1,136,209

Year ended 31st October 2024

31/10/24

1/11/23

£

£

Cash and cash equivalents

1,136,209

1,897,695

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/11/24

Cash flow

At 31/10/25

£

£

£

Net cash

Cash at bank and in hand

1,136,209

806,597

1,942,806

1,136,209

806,597

1,942,806

Debt

Finance leases

(9,333

)

9,333

-

Debts falling due within 1 year

(46,326

)

(1,642

)

(47,968

)

Debts falling due after 1 year

(520,586

)

48,012

(472,574

)

(576,245

)

55,703

(520,542

)

Total

559,964

862,300

1,422,264

1.	STATUTORY INFORMATION

Beacon International 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements are rounded to the nearest £.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Beacon International Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 balance sheet 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.

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.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom sales

9,683,308

9,501,055

Export sales

1,535,831

1,487,364

11,219,139

10,988,419

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,867,384

1,825,830

Social security costs

210,536

169,125

Other pension costs

80,414

89,566

2,158,334

2,084,521

The average number of employees during the year was as follows:

2025

2024

Average number of employees

58

62

2025

2024

£

£

Directors' remuneration

15,642

81,626

Directors' pension contributions to money purchase schemes

24,608

24,000

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

116,287

112,510

Depreciation - assets on hire purchase contracts

-

9,381

Loss on disposal of fixed assets

68,964

6,074

Computer software amortisation

428

428

Auditors' remuneration

12,080

21,950

Foreign exchange differences

(37,226

)

(34,239

)

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank loan interest

19,144

31,871

HMRC Interest due

6,287

-

25,431

31,871

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

223,581

241,053

Under/over provision in

respect of prior year

-

(1,326

)

Total current tax

223,581

239,727

Deferred tax

36,631

5,228

Tax on profit

260,212

244,955

8.

DIVIDENDS

2025

2024

£

£

Ordinary shares of 1p each

Interim

674,000

674,000

9.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1st November 2024

and 31st October 2025

180,000

12,280

192,280

AMORTISATION

At 1st November 2024

180,000

11,852

191,852

Amortisation for year

-

428

428

At 31st October 2025

180,000

12,280

192,280

NET BOOK VALUE

At 31st October 2025

-

-

-

At 31st October 2024

-

428

428