MBC Timberframe (UK) Ltd

Registered number

NI622378

Report and Financial Statements

31 January 2026

MBC Timberframe (UK) Ltd
Report and accounts
Contents




Page

Company information	1
Directors' report	2
Statement of directors' responsibilities	3
Strategic report	4
Independent auditor's report	6
Income statement	9
Statement of financial position	10
Statement of changes in equity	11
Statement of cash flows	12
Notes to the financial statements	13

MBC Timberframe (UK) Ltd

Company Information

Directors

Joseph Blair

Jannett Blair

Kevin Blair

Auditors

BMC Accountants Ltd

Commercial House

15 Merchants Quay

Newry

Down

BT35 6AH

Bankers

Bank of Ireland

12 Trevor Hill

Newry

Down

BT34 1DT

Solicitors

BPE Solicitors

St James House

St James Square

Cheltenham

GL50 3PR

Registered office

15 Merchants Quay

Newry

Down

BT35 6AH

Registered number

NI622378

MBC Timberframe (UK) Ltd
Registered number:		NI622378
Directors' Report

The directors present their report and financial statements for the year ended 31 January 2026.

Principal activities
The company's principal activity during the year continued to be the supply and erection of timberframe housing.

Directors
The following persons served as directors during the year:

	Joseph Blair
	Jannett Blair
	Kevin Blair

Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:
●	so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
●	he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.


Continuation of Auditor
BMC Accountants Ltd have been re-elected as auditors for MBC Timberframe (UK) Ltd for the year ended 31st January 2027.

This report was approved by the board on 7 July 2026 and signed on its behalf.



Joseph Blair
Director

MBC Timberframe (UK) Ltd
Statement of Directors' Responsibilities

The directors are responsible for preparing the report and 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 (Financial Reporting Standard 102 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 estimates that are reasonable and prudent;
●	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
●	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.

MBC Timberframe (UK) Ltd
Strategic Report

MBC Timberframe (UK) Ltd designs, manufactures, and installs high-performance timber frame structures for residential and commercial projects across the UK. The company continues to benefit from strong demand for sustainable construction solutions, driven by government initiatives to reduce carbon emissions and improve energy efficiency in housing. Turnover increased by 28% to £16.48m (2025: £12.86m), reflecting strong growth across self-build and low-energy housing projects. Gross profit increased to £6.17m (2025: £5.04m), maintaining solid margins despite cost pressures. Operating costs increased significantly, particularly in: Wages and salaries £2.81m (2025: £2.21m) Temporary and recruitment costs £0.41m (2025: £0.07m) Rent, rates, insurance, and energy costs all rising year-on-year As a result, profit growth was modest, with net profit increasing to £0.48m (2025: £0.41m). This reflects both inflationary pressures and continued investment in workforce capacity to support growth. From a financial position perspective, the balance sheet remains strong: Net assets increased to £3.20m (2025: £2.89m) Fixed assets increased to £1.07m, reflecting continued investment in plant and machinery Working capital improved, with reduced creditors and strong debtor balances supporting liquidity
Market Trends The UK timber frame market continues to expand, supported by: Government targets for low-carbon housing and energy efficiency Increased adoption of Modern Methods of Construction (MMC) Rising demand for Passivhaus and low-energy homes among self-builders Industry forecasts suggest timber frame’s share of UK housing could exceed 35% by 2030, presenting significant growth opportunities for MBC Timberframe. Sustainability and Non-Financial KPIs Sustainability remains central to our strategy: Carbon Reduction: Timber frame construction offers up to 80% lower embodied carbon compared to traditional masonry Waste Management: Over 90% of timber waste recycled Health & Safety: Zero reportable incidents during the year Employee Development: Increased investment in training, apprenticeships, and recruitment to support operational expansion
Principal Risks and Uncertainties Supply Chain Volatility: Timber price fluctuations and availability Labour Shortages: Increased reliance on temporary labour and recruitment spend highlights sector-wide skills constraints Economic Conditions: Interest rate changes impacting housing demand and project pipelines Working Capital Risk: High debtor balances and contract-based revenue create exposure to timing of cash receipts Regulatory Compliance: Evolving building regulations and sustainability standards Mitigation strategies include long-term supplier agreements, workforce development programmes, credit control improvements, and continuous monitoring of regulatory changes. Future Outlook The company is well-positioned to capitalise on the growing demand for sustainable housing solutions. Strong revenue growth in 2026, combined with ongoing investment in infrastructure and people, provides a robust platform for continued expansion. Strategic priorities for 2027 include: Expanding production capacity to meet rising demand Improving operational efficiency to protect margins amid cost inflation Investing in digital design and off-site manufacturing technologies Strengthening cash collection and working capital management Enhancing sustainability credentials through carbon-neutral initiatives
Operational Exposure to Financial Risks The company's operations expose it to a number of financial risks including liquidity risk, credit risk, interest rate risk and foreign exchange risk. The directors actively monitor and manage these risks as part of the company's overall risk management programme. Liquidity risk arises from the requirement to meet obligations as they fall due. The company maintains adequate cash reserves and monitors cash flow forecasts to ensure sufficient funds are available to meet operational and capital expenditure requirements. At 31 January 2026, the company had net current assets of £2.40m (2025: £2.44m), providing a strong working capital position. Credit risk principally relates to trade debtors. The company seeks to minimise exposure by dealing with customers of appropriate credit quality, carrying out credit assessments where appropriate, and monitoring outstanding balances on an ongoing basis. The level of credit risk is considered to be limited due to the diversity of the customer base and established credit control procedures. Interest rate risk arises primarily from borrowings and cash deposits. The company's exposure is considered low as borrowings at the year end were minimal and debt levels are closely managed. Changes in market interest rates are not expected to have a material impact on the company's financial position. Foreign exchange risk arises where purchases or sales are denominated in currencies other than sterling. The company monitors exchange rate movements and seeks, where practicable, to match foreign currency inflows and outflows. Given that the majority of transactions are conducted in sterling, the directors consider foreign exchange risk to be limited.
This report was approved by the board on 7 July 2026 and signed on its behalf.



Joseph Blair
Director

MBC Timberframe (UK) Ltd
Independent auditor's report
to the members of MBC Timberframe (UK) Ltd

Opinion

We have audited the financial statements of MBC Timberframe (UK) Ltd (the 'company') for the year ended 31 January 2026 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including 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 the 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 January 2026 and of its profit for the year then ended;
●	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
●	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 Auditor’s 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 other information comprises the information included in the annual report other than the financial statements and our auditor’s 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.

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 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, 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.

Auditor’s 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 auditor’s 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.
In identifying and assessing risks of material misstatement, whether due to fraud or error, we considered laws and regulations relevant to the Company’s operations, including the Companies Act 2006, tax legislation, employment law, and industry-specific regulations. Our audit procedures included:

●	Enquiring of management and those charged with governance about their own assessment of the risk of irregularities;
●	Reviewing correspondence with regulatory bodies;
●	Testing journal entries and other adjustments for evidence of management bias; and
●	Evaluating the design and implementation of controls to prevent and detect irregularities.
We remained alert to indications of non-compliance throughout the audit. We did not identify any material misstatements arising from non-compliance with laws and regulations or from fraud. However, there are inherent limitations in detecting irregularities, and the risk of not detecting a material misstatement resulting from fraud is higher than for one arising from error, as fraud may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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 auditor's 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.




Brian McCullagh
(Senior Statutory Auditor)		Commercial House
for and on behalf of		15 Merchants Quay
BMC Accountants Ltd		Newry
Statutory Auditor		Down
7 July 2026		BT35 6AH

MBC Timberframe (UK) Ltd
Income Statement
for the year ended 31 January 2026


Notes		2026		2025
£			£

Turnover	3	16,479,258		12,861,343

Cost of sales		(10,312,145)		(7,824,056)

Gross profit		6,167,113		5,037,287

Administrative expenses		(5,549,669)		(4,477,725)

Operating profit	4	617,444		559,562

Interest receivable		8,771		27,902
Interest payable	7	(39,453)		(36,530)

Profit on ordinary activities before taxation		586,762		550,934

Tax on profit on ordinary activities	8	(93,102)		(138,226)

Profit for the financial year		493,660		412,708

MBC Timberframe (UK) Ltd
Statement of Financial Position
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	9		1,717			3,520
Tangible assets	10		1,066,293			746,227
			1,068,010			749,747

Current assets
Stocks	11	617,840			1,088,136
Debtors	12	3,522,124			2,882,524
Cash at bank and in hand		322,816			1,085,791
		4,462,780			5,056,451

Creditors: amounts falling due within one year	13	(2,059,571)			(2,614,743)

Net current assets			2,403,209			2,441,708

Total assets less current liabilities			3,471,219			3,191,455

Creditors: amounts falling due after more than one year	14		(5,747)			(126,673)

Provisions for liabilities
Deferred taxation	16		(252,818)			(170,788)

Net assets			3,212,654			2,893,994

Capital and reserves
Called up share capital	17		10			10
Profit and loss account	18		3,212,644			2,893,984

Total equity			3,212,654			2,893,994




Joseph Blair
Director
Approved by the board on 7 July 2026

MBC Timberframe (UK) Ltd
Statement of Changes in Equity
for the year ended 31 January 2026

Share		Profit		Total
capital		and loss
account
£		£		£

At 1 February 2024	10		2,481,276		2,481,286

Profit for the financial year			412,708		412,708


At 31 January 2025	10		2,893,984		2,893,994



At 1 February 2025	10		2,893,984		2,893,994

Profit for the financial year			493,660		493,660

Dividends			(175,000)		(175,000)

At 31 January 2026	10		3,212,644		3,212,654

MBC Timberframe (UK) Ltd
Statement of Cash Flows
for the year ended 31 January 2026

Notes		2026		2025
£			£
Operating activities
Profit for the financial year		493,660		412,708

Adjustments for:
Loss on sale of fixed assets		-		6,858
Interest receivable		(8,771)		(27,902)
Interest payable		39,453		36,530
Tax on profit on ordinary activities		93,102		138,226
Depreciation		219,183		211,491
Amortisation of goodwill		1,803		1,972
Decrease/(increase) in stocks		470,296		(6,572)
Increase in debtors		(639,600)		(996,274)
(Decrease)/increase in creditors		(405,758)		645,151
		263,368		422,188

Interest received		8,771		27,902
Interest paid		-		(163)
Interest element of finance lease payments		(39,453)		(36,367)
Corporation tax paid		(149,489)		(139,539)

Cash generated by operating activities		83,197		274,021

Investing activities
Payments to acquire tangible fixed assets		(539,249)		(59,316)
Proceeds from sale of tangible fixed assets		-		25,953

Cash used in investing activities		(539,249)		(33,363)

Financing activities
Equity dividends paid		(175,000)		-
Repayment of loans		-		(28,333)
Capital element of finance lease payments		(139,748)		(127,638)

Cash used in financing activities		(314,748)		(155,971)

Net cash (used)/generated
Cash generated by operating activities		83,197		274,021
Cash used in investing activities		(539,249)		(33,363)
Cash used in financing activities		(314,748)		(155,971)

Net cash (used)/generated		(770,800)		84,687

Cash and cash equivalents at 1 February		1,072,840		988,153
Cash and cash equivalents at 31 January		302,040		1,072,840

Cash and cash equivalents comprise:
Cash at bank		322,816		1,085,791
Bank overdrafts	13	(20,776)		(12,951)
		302,040		1,072,840

MBC Timberframe (UK) Ltd
Notes to the Accounts
for the year ended 31 January 2026

1	Summary of significant accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets

	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leased assets			over the lease term
	Plant and machinery			15% straight line
	Motor Vehicles			15% straight line


	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Critical accounting estimates and judgements

	The preparation of financial statements requires the use of accounting estimates which, by definition, will seldom equal the actual results. Management also need to exercise judgement in applying the Company's accounting policies. Information about critical judgements in applying accounting policies that have the most significant effect on the amounts recognised in the financial statements are included in the following notes:
	(i) Useful economic lives of tangible fixed assets The annual depreciation charge for tangible fixed assets along with their useful economic lives and residual values are reviewed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investment, economic utilisation and the physical condition of the assets. See note 10 for the carrying amount of the tangible fixed assets and note 1 for the useful economic lives for each class of asset.
	(ii) Recognition of revenue and costs in construction contracts. Recognised amounts of construction contract revenues and related receivables reflect the company directors' best estimates of contracts outcome and stage of completion. This includes the assessment of the profitability of the contracts. Costs to complete and contract profitability are subject to significant estimation uncertainty. The impact of this estimate is seen in Revenue, in cost of sales and in Stocks (WIP) and Creditors (Deferred Inome). See note 1 for the accounting policy used for revenue recognition.
	(iii) Inventory valuation Management assesses the net realisable value of timber and finished frames based on current market conditions, expected demand, and quality of stock. Estimates include consideration of slow-moving or obsolete items and potential write-downs.


3	Analysis of turnover					2026		2025
£							£

	Sale of goods					16,473,478		12,861,343
	Commissions					5,780		-
						16,479,258		12,861,343

	By geographical market:

	UK & ROI					16,479,258		12,861,343


4	Operating profit					2026		2025
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					155,795		148,103
	Depreciation of assets held under finance leases and hire purchase contracts					63,388		63,388
	Amortisation of goodwill					1,803		1,972
	Operating lease rentals - plant and machinery					64,910		112,897
	Operating lease rentals - land and buildings					346,373		300,040
	Auditors' remuneration for audit services					11,500		11,000
	Key management personnel compensation (including directors' emoluments)					144,299		131,050


5	Directors' emoluments					2026		2025
£							£

	Emoluments					144,299		131,050


	Number of directors to whom retirement benefits accrued:					2026		2025
Number							Number

	Defined contribution plans					3		3


6	Staff costs					2026		2025
£							£

	Wages and salaries					2,959,117		2,346,028
	Other pension costs					117,976		143,226
						3,077,093		2,489,254


	Average number of employees during the year					Number	Number

	Administration					8		6
	Development					16		14
	Manufacturing					32		29
	Marketing					4		3
	Sales					4		3
						64		55


7	Interest payable					2026		2025
£							£

	Bank loans and overdrafts					-		163
	Finance charges payable under finance leases and hire purchase contracts					39,453		36,367
						39,453		36,530


8	Taxation					2026		2025
£							£
	Analysis of charge in period
	Current tax:
	UK corporation tax on profits of the period					65,541		188,137
	Adjustments in respect of previous periods					(54,469)		-
						11,072		188,137

	Deferred tax:
	Origination and reversal of timing differences					82,030		(49,911)


	Tax on profit on ordinary activities					93,102		138,226


	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:

						2026		2025
£							£
	Profit on ordinary activities before tax					586,762		550,934

	Standard rate of corporation tax in the UK					25%		25%

£							£
	Profit on ordinary activities multiplied by the standard rate of corporation tax					146,691		137,734

	Effects of:
	Expenses not deductible for tax purposes					(81,150)		50,403
	Adjustments to tax charge in respect of previous periods					(54,469)		-

	Current tax charge for period					11,072		188,137




9	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 February 2025							9,858
	At 31 January 2026							9,858

	Amortisation
	At 1 February 2025							6,338
	Provided during the year							1,803
	At 31 January 2026							8,141

	Carrying amount
	At 31 January 2026							1,717
	At 31 January 2025							3,520

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.

10	Tangible fixed assets
				Plant and machinery		Motor Vehicles		Total
				At cost		At cost
£					£		£
	Cost or valuation
	At 1 February 2025			1,590,845		49,063		1,639,908
	Additions			539,249		-		539,249
	At 31 January 2026			2,130,094		49,063		2,179,157

	Depreciation
	At 1 February 2025			882,131		11,550		893,681
	Charge for the year			206,917		12,266		219,183
	At 31 January 2026			1,089,048		23,816		1,112,864

	Carrying amount
	At 31 January 2026			1,041,046		25,247		1,066,293
	At 31 January 2025			708,714		37,513		746,227



11	Stocks					2026		2025
£							£

	Work in progress					167,354		661,358
	Finished goods and goods for resale					450,486		426,778
						617,840		1,088,136


12	Debtors					2026		2025
£							£

	Trade debtors					676,693		111,119
	Amounts owed by group undertakings and undertakings in which the company has a participating interest				21	2,504,852		2,304,852
	Other debtors					257,969		103,691
	Directors Loan account					3,548		262,073
	Prepayments and accrued income					79,062		100,789
						3,522,124		2,882,524


13	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank overdrafts					20,776		12,951
	Obligations under finance lease and hire purchase contracts					120,926		139,748
	Trade creditors				21	824,719		1,017,082
	Corporation tax					65,569		203,986
	Other taxes and social security costs					91,406		95,019
	Other creditors					4,730		7,845
	Accruals and deferred income					931,445		1,138,112
						2,059,571		2,614,743


14	Creditors: amounts falling due after one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					5,747		126,673


15	Obligations under finance leases and hire purchase					2026		2025
	contracts					£	£

	Amounts payable:
	Within one year					120,926		139,748
	Within two to five years					5,747		126,673
						126,673		266,421



16	Deferred taxation					2026		2025
£							£

	Accelerated capital allowances					252,818		170,788


						2026		2025
£							£

	At 1 February					170,788		220,699
	Charged/(credited) to the profit and loss account					82,030		(49,911)

	At 31 January					252,818		170,788



17	Share capital	Nominal		2026		2026		2025
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		10		10		10


18	Profit and loss account					2026		2025
£							£

	At 1 February					2,893,984		2,481,276
	Profit for the financial year					493,660		412,708
	Dividends					(175,000)		-

	At 31 January					3,212,644		2,893,984


19	Dividends					2026		2025
£							£

	Dividends on ordinary shares (note 18)					175,000		-



20	Guarantee

	The company also provides an omnibus guarantee and set-off agreement to Lloyds Bank PLC on loans held by J&J Properties Group Ltd and has provided a debenture to Lloyds Bank PLC by way of a fixed and floating charge over the property and assets of the company.


21	Related party transactions
	Balances owing to and from related parties were as follows:
						2026		2025
	Included within Debtors					£	£
	J&J Properties Group Ltd	Loan				1,929,995		1,929,995
	J&J Properties Group Ltd	Trading				14,857		14,857
	KLK Developments Ltd	Loan				360,000		360,000
	MBC Ireland Limited	Trading				200,000		(300,000)
	Total				12	2,504,852		2,004,852


	The following entities have been identified as related parties on the basis of common ownership: J&J Properties Group Ltd KLK Developments Limited MBC Ireland Limited Loans to Related Parties At the beginning of the year, MBC Timberframe (UK) Ltd was owed £1,929,995 from J&J Properties Group Ltd and £14,857 as an interest free trading loan.There were no transactions relating to this balance during the year and therefore the full balance was outstanding at the year end. This balance is repayable on demand. MBC Timberframe (UK) Ltd was also owed £360,000 interest free at 31 January 2025 by KLK Developments Ltd. There was no activity during the year regarding this balance and therefore the full £360,000 was outstanding at the year end. This balance is repayable on demand. Transactions with MBC Ireland Limited MBC Timberframe (UK) Ltd has also provided MBC Ireland Limited with an interest-free loan. The prior-year year-end accrual for £300,000 was settled through the intercompany account. The loan balance increased from £0 at the start of the year to £200,000 by year end, as a £500,000 invoice for the purchase of timber frame was also settled through the inter company account. Lease Arrangements MBC Timberframe (UK) Ltd leases multiple properties from J&J Properties Group Ltd. Rent charged during the year totalled £329,333.26. There was also rent prepaid to J&J Properties which is included in Trade creditors and totals £53,208 (£63,850 gross).


22	Controlling party

	Joseph, Jannett and Kevin Blair, the board of directors, are seen as the ultimate controlling party of the company.


23	Presentation currency

	The financial statements are presented in Sterling.


24	Legal form of entity and country of incorporation

	MBC Timberframe (UK) Ltd is a private company limited by shares and incorporated in Northern Ireland.


25	Principal place of business

	The address of the company's principal place of business is:

	Quedgeley Court & 1-5
	Shepard Road
	Gloucester
	GL2 5EL