Company registration number 13167629 (England and Wales)
LIBRA TEXTILES HOLDINGS LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
LIBRA TEXTILES HOLDINGS LTD
COMPANY INFORMATION
Directors
Mr R M R Bannister
Mr B R M Bannister
Company number
13167629
Registered office
Boundary Mill Stores
Head Office
Vivary Way
Colne
Lancashire
BB8 9NW
Auditor
Pierce C A Limited
Mentor House
Ainsworth Street
Blackburn
Lancashire
BB1 6AY
Business address
Boundary Mill Stores
Head Office
Vivary Way
Colne
Lancashire
BB8 9NW
LIBRA TEXTILES HOLDINGS LTD
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 4
Directors' responsibilities statement
5
Independent auditor's report
6 - 8
Profit and loss account
9
Group balance sheet
10
Company balance sheet
11
Group statement of changes in equity
12
Company statement of changes in equity
13
Group statement of cash flows
14
Notes to the financial statements
15 - 30
LIBRA TEXTILES HOLDINGS LTD
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
- 1 -

The directors present the strategic report for the year ended 31 January 2026.

Review of the business

The principal activity of the group is the concession retailing of clothing, footwear, household textiles, glass, and china. The directors regard this activity as a single class of business. The group trades from its outlets in Colne, Grantham, Newcastle, Walsall, and Sheffield.

The Directors’ aim to present a balanced and comprehensive review of the development and performance of the business during the year and the group's position at the year end. The review is consistent with the size and non-complex nature of the business and is written in the context of the risks and uncertainties faced.

The Directors’ and management team are committed to a culture of continuous improvement and recognise that continued investment in facilities, equipment and people are crucial to enable the group to continue to deliver the exceptional level of service it is renowned for.

Monthly board meetings are held where actual performance is compared to budget and significant variances are investigated. The management of working capital is also reviewed at these meetings.

Principal risks and uncertainties

Financial risk

The group's operations expose it to a variety of financial risks that include the effect of changes in credit, liquidity, and interest rate risk. The group has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the company by monitoring levels of debt finance and the related finance costs. The group does not use derivative financial instruments to manage interest rate costs and as such no hedge accounting is applied.

Liquidity risk

The Directors believe that the group has sufficient funds available to support its activities in the future.

With these risks and uncertainties in mind, the directors are aware that any plans for future developments of the business may be subject to unforeseen future events outside of their control.

Key performance indicators

The Directors consider that the key financial performance indicators are those that communicate the financial performance and strength of the company, being turnover and gross margin.

Turnover in the year only showed a modest increase, increasing by 1.3% on the previous period. Increased costs of operating meant that gross profit was however slightly down on the previous year.

Directors' statement of compliance with duty to promote the success of the Company

The directors believe in building long term, strong and sustainable relationships with our customers and suppliers. This approach has enabled us to win long term contracts of supply with our business partners. The group actively plays a part within the local community as it aims to employ local people and utilise the services of local companies as far as is possible. The directors are committed to employees’ health, wellbeing and training engaging with specialists for external training and providing in-house sessions where required.

LIBRA TEXTILES HOLDINGS LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 2 -

On behalf of the board

Mr R M R Bannister
Director
30 July 2026
LIBRA TEXTILES HOLDINGS LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
- 3 -

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

Principal activities

The principal activity of the group is the concession retailing of clothing, footwear, household textiles, glass and china.

The principal activity of the company is that of a holding company.

Results and dividends

The results for the year are set out on page 9.

Ordinary dividends were paid amounting to £200,000. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr R M R Bannister
Mr B R M Bannister
Disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Employee involvement

The group's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

Auditor

The auditor, Pierce C A Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Energy and carbon report

The group will seek to minimise adverse impacts on the environment from its activities, whilst continuing to address health, safety and economic issues. The group has complied with all applicable legislation and regulations.

In the year, the group consumed 4.2 million kWh of Electricity which equated to 551 tonnes of carbon, 1.1 million of kWh of Gas which equated to 206 tonnes of carbon and 18,000 litres of Diesel which equated to 48 tonnes of carbon. This data has been extracted from our detailed utility bills and translated to carbon using the conversion factor obtained from the Government website.

Electricity consumption has been reduced by the installation of Solar panels on the roof of the Colne store and the company is looking at the feasibility of adding them elsewhere.

LIBRA TEXTILES HOLDINGS LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 4 -
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
Mr R M R Bannister
Director
30 July 2026
LIBRA TEXTILES HOLDINGS LTD
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2026
- 5 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

United Kingdom company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the group and parent company 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 group and parent company, and of the profit or loss of the group 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;

- state whether applicable U nited K ingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and parent company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent 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 group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

LIBRA TEXTILES HOLDINGS LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LIBRA TEXTILES HOLDINGS LTD
- 6 -
Opinion

We have audited the financial statements of Libra Textiles Holdings Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2026 which comprise the group profit and loss account, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group 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 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 group's and the parent company's affairs as at 31 January 2026 and of the group's loss 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 group's and parent 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 our audit:

- T he information given in the strategic report and the directors' r eport 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.

LIBRA TEXTILES HOLDINGS LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF LIBRA TEXTILES HOLDINGS LTD
- 7 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company 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' r esponsibilities s tatement, 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 group's and parent 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 group or parent 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.

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

In identifying and assessing risks of material misstatement in respect of irregularities we considered the following:

- The nature of the industry and the group's and company’s control environment.

- Results of our enquiries of management.

- The group's and company’s procedures and controls on compliance with laws and regulations and the risks of fraud.

- Discussions among the audit engagement team concerning potential indicators of fraud.

We are also required to perform specific procedures to respond to the risk of management override.

As a result of our audit procedures we did not identify a material risk of fraud or other non-compliance with laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://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 parent 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 parent 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 parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

LIBRA TEXTILES HOLDINGS LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF LIBRA TEXTILES HOLDINGS LTD
- 8 -
James King (Senior Statutory Auditor)
For and on behalf of Pierce C A Limited, Statutory Auditor
Mentor House
Ainsworth Street
Blackburn
Lancashire
BB1 6AY
31 July 2026
LIBRA TEXTILES HOLDINGS LTD
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2026
- 9 -
2026
2025
Notes
£
£
Turnover
3
32,916,931
32,491,792
Cost of sales
(14,744,313)
(13,724,608)
Gross profit
18,172,618
18,767,184
Distribution costs
(6,684,592)
(6,227,048)
Administrative expenses
(10,790,429)
(12,908,367)
Other operating income
73,587
1,066,937
Operating profit
4
771,184
698,706
Interest receivable and similar income
8
30,832
53,672
Interest payable and similar expenses
9
(686,588)
(962,462)
Profit/(loss) before taxation
115,428
(210,084)
Tax on profit/(loss)
10
(667,007)
(730,017)
Loss for the financial year
24
(551,579)
(940,101)
Loss for the financial year is all attributable to the owners of the parent company.
LIBRA TEXTILES HOLDINGS LTD
GROUP BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 10 -
2026
2025
Notes
£
£
£
£
Fixed assets
Goodwill
12
11,221,985
13,466,382
Other intangible assets
12
-
0
14,230
Total intangible assets
11,221,985
13,480,612
Tangible assets
13
45,282,552
35,494,455
56,504,537
48,975,067
Current assets
Stocks
16
176,605
260,381
Debtors
17
2,753,321
10,622,941
Cash at bank and in hand
615,336
375,907
3,545,262
11,259,229
Creditors: amounts falling due within one year
18
(14,463,522)
(13,866,551)
Net current liabilities
(10,918,260)
(2,607,322)
Total assets less current liabilities
45,586,277
46,367,745
Creditors: amounts falling due after more than one year
19
(8,000,000)
(7,750,000)
Provisions for liabilities
Deferred tax liability
21
1,882,461
2,162,350
(1,882,461)
(2,162,350)
Net assets
35,703,816
36,455,395
Capital and reserves
Called up share capital
23
100
100
Other reserves
24
39,999,910
39,999,910
Profit and loss reserves
24
(4,296,194)
(3,544,615)
Total equity
35,703,816
36,455,395
The financial statements were approved by the board of directors and authorised for issue on 30 July 2026 and are signed on its behalf by:
30 July 2026
Mr R M R Bannister
Director
Company registration number 13167629 (England and Wales)
LIBRA TEXTILES HOLDINGS LTD
COMPANY BALANCE SHEET
AS AT 31 JANUARY 2026
31 January 2026
- 11 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investments
14
50,250,000
50,250,000
Current assets
Debtors
17
10
10
Creditors: amounts falling due within one year
18
(9,250,000)
(10,250,000)
Net current liabilities
(9,249,990)
(10,249,990)
Net assets
41,000,010
40,000,010
Capital and reserves
Called up share capital
23
100
100
Other reserves
24
39,999,910
39,999,910
Profit and loss reserves
24
1,000,000
-
0
Total equity
41,000,010
40,000,010

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £1,200,000 (2025 - £0 profit).

The financial statements were approved by the board of directors and authorised for issue on 30 July 2026 and are signed on its behalf by:
30 July 2026
Mr R M R Bannister
Director
Company registration number 13167629 (England and Wales)
LIBRA TEXTILES HOLDINGS LTD
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2026
- 12 -
Share capital
Other reserves
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 February 2024
100
39,999,910
(2,604,514)
37,395,496
Year ended 31 January 2025:
Loss and total comprehensive income
-
-
(940,101)
(940,101)
Balance at 31 January 2025
100
39,999,910
(3,544,615)
36,455,395
Year ended 31 January 2026:
Loss and total comprehensive income
-
-
(551,579)
(551,579)
Dividends
11
-
-
(200,000)
(200,000)
Balance at 31 January 2026
100
39,999,910
(4,296,194)
35,703,816
LIBRA TEXTILES HOLDINGS LTD
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2026
- 13 -
Share capital
Other reserves
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 February 2024
100
39,999,910
-
40,000,010
Year ended 31 January 2025:
Profit and total comprehensive income for the year
-
-
-
-
0
Balance at 31 January 2025
100
39,999,910
-
0
40,000,010
Year ended 31 January 2026:
Profit and total comprehensive income
-
-
1,200,000
1,200,000
Dividends
11
-
-
(200,000)
(200,000)
Balance at 31 January 2026
100
39,999,910
1,000,000
41,000,010
LIBRA TEXTILES HOLDINGS LTD
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2026
- 14 -
2026
2025
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
27
16,913,910
4,352,113
Interest paid
(686,588)
(962,462)
Income taxes paid
(502,217)
(644,632)
Net cash inflow from operating activities
15,725,105
2,745,019
Investing activities
Purchase of tangible fixed assets
(12,484,945)
(2,471,540)
Proceeds from disposal of tangible fixed assets
111,750
-
Interest received
30,832
53,672
Net cash used in investing activities
(12,342,363)
(2,417,868)
Financing activities
Repayment of bank loans
(750,000)
(1,500,000)
Dividends paid to equity shareholders
(200,000)
-
0
Net cash used in financing activities
(950,000)
(1,500,000)
Net increase/(decrease) in cash and cash equivalents
2,432,742
(1,172,849)
Cash and cash equivalents at beginning of year
(1,817,406)
(644,557)
Cash and cash equivalents at end of year
615,336
(1,817,406)
Relating to:
Cash at bank and in hand
615,336
375,907
Bank overdrafts included in creditors payable within one year
-
(2,193,313)
LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 15 -
1
Accounting policies
Company information

Libra Textiles Holdings Ltd (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Boundary Mill Stores, Head Office, Vivary Way, Colne, Lancashire, BB8 9NW.

The group consists of Libra Textiles Holdings Ltd and all of its subsidiaries.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Libra Textiles Holdings Ltd together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 January 2026. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 16 -

Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.

If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.

Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.

1.4
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

The group utilises and is reliant on its banking facilities and the directors have no reason to believe that these facilities will not be maintained into the future.

1.5
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts.

Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer.

1.6
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.7
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.8
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 17 -

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs
25% straight line
1.9
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line
Leasehold land and buildings
5 to 35 years
Fixtures and fittings
12.5% - 25% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.10
Fixed asset investments

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the g roup’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent c ompany financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 18 -
1.11
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.12
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.13
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.14
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 19 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 20 -
Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.15
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.16
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 21 -
1.17
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.18
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.19
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty include adopting appropriate depreciation rates over fixed assets held and establishing the useful economic lives of fixed assets for depreciation purposes. This is reviewed regularly by the directors.

3
Turnover and other revenue
2026
2025
£
£
Turnover analysed by class of business
Retail sales
6,499,108
6,030,148
Concession commission
26,417,823
26,461,644
32,916,931
32,491,792
2026
2025
£
£
Other revenue
Interest income
30,832
53,672
LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 22 -
4
Operating profit
2026
2025
£
£
Operating profit for the year is stated after charging:
Depreciation of tangible fixed assets
2,560,015
2,406,110
Loss on disposal of tangible fixed assets
25,083
160,071
Amortisation of intangible assets
2,258,627
2,308,207
Operating lease charges
3,756,053
3,740,974
5
Auditor's remuneration
2026
2025
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
3,000
3,000
Audit of the financial statements of the company's subsidiaries
21,250
21,250
24,250
24,250
For other services
All other non-audit services
12,000
12,000
6
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2026
2025
2026
2025
Number
Number
Number
Number
Sales and marketing
650
636
2
2
Administrative
63
63
-
-
Total
713
699
2
2

Their aggregate remuneration comprised:

Group
Company
2026
2025
2026
2025
£
£
£
£
Wages and salaries
12,553,883
13,817,226
-
0
-
0
Social security costs
1,231,819
1,054,652
-
-
Pension costs
198,340
224,691
-
0
-
0
13,984,042
15,096,569
-
0
-
0
LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 23 -
7
Directors' remuneration
2026
2025
£
£
Remuneration for qualifying services
387,450
2,015,000
Company pension contributions to defined contribution schemes
26,080
46,000
413,530
2,061,000
Remuneration disclosed above includes the following amounts paid to the highest paid director:
2026
2025
£
£
Remuneration for qualifying services
150,000
1,120,000
8
Interest receivable and similar income
2026
2025
£
£
Interest income
Interest on bank deposits
1,871
4,700
Other interest income
28,961
48,972
Total income
30,832
53,672
2026
2025
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
1,871
4,700
9
Interest payable and similar expenses
2026
2025
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
686,588
962,462
10
Taxation
2026
2025
£
£
Current tax
UK corporation tax on profits for the current period
946,896
555,811
Adjustments in respect of prior periods
-
0
18,571
Total current tax
946,896
574,382
LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
10
Taxation
2026
2025
£
£
(Continued)
- 24 -
Deferred tax
Origination and reversal of timing differences
(279,889)
155,635
Total tax charge
667,007
730,017

The actual charge for the year can be reconciled to the expected charge/(credit) for the year based on the profit or loss and the standard rate of tax as follows:

2026
2025
£
£
Profit/(loss) before taxation
115,428
(210,084)
Expected tax charge/(credit) based on the standard rate of corporation tax in the UK of 25% (2025: 25%)
28,857
(52,521)
Effects of:
Expenses that are not deductible in determining taxable profit
16,157
43,121
Permanent capital allowances in excess of depreciation
60,894
159,747
Amortisation on assets not qualifying for tax allowances
561,099
561,099
Tax under/(over) provided in prior years
-
0
18,571
Taxation charge in the financial statements
667,007
730,017
11
Dividends
2026
2025
Recognised as distributions to equity holders:
£
£
Final paid
200,000
-
12
Intangible fixed assets
Group
Goodwill
Development costs
Total
£
£
£
Cost
At 1 February 2025 and 31 January 2026
22,443,970
227,188
22,671,158
Amortisation and impairment
At 1 February 2025
8,977,588
212,958
9,190,546
Amortisation charged for the year
2,244,397
14,230
2,258,627
At 31 January 2026
11,221,985
227,188
11,449,173
LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
12
Intangible fixed assets
(Continued)
- 25 -
Carrying amount
At 31 January 2026
11,221,985
-
0
11,221,985
At 31 January 2025
13,466,382
14,230
13,480,612
The company had no intangible fixed assets at 31 January 2026 or 31 January 2025.

The goodwill arises on consolidation and is being amortised over 10 years on a straight line basis.

13
Tangible fixed assets
Group
Freehold land and buildings
Leasehold land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 February 2025
32,030,801
3,527,263
21,447,355
706,972
57,712,391
Additions
11,747,647
-
0
564,933
172,365
12,484,945
Disposals
-
0
-
0
(54,661)
(198,940)
(253,601)
At 31 January 2026
43,778,448
3,527,263
21,957,627
680,397
69,943,735
Depreciation and impairment
At 1 February 2025
6,422,971
1,698,686
13,920,901
175,378
22,217,936
Depreciation charged in the year
439,150
172,286
1,795,093
153,486
2,560,015
Eliminated in respect of disposals
-
0
-
0
(54,661)
(62,107)
(116,768)
At 31 January 2026
6,862,121
1,870,972
15,661,333
266,757
24,661,183
Carrying amount
At 31 January 2026
36,916,327
1,656,291
6,296,294
413,640
45,282,552
At 31 January 2025
25,607,830
1,828,577
7,526,454
531,594
35,494,455
The company had no tangible fixed assets at 31 January 2026 or 31 January 2025.

Land and buildings include land of £1 3,5 47,479 (2025 - £11,553,141) upon which no depreciation has been charged.

Included within land and buildings is a total of £445,524 in respect of historic interest capitalised.

14
Fixed asset investments
Group
Company
2026
2025
2026
2025
Notes
£
£
£
£
Investments in subsidiaries
15
-
0
-
0
50,250,000
50,250,000
LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
14
Fixed asset investments
(Continued)
- 26 -
Fixed asset investments revalued

The historical cost of the investment is £10,250,090.

Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 February 2025 and 31 January 2026
50,250,000
Carrying amount
At 31 January 2026
50,250,000
At 31 January 2025
50,250,000
15
Subsidiaries

Details of the company's subsidiaries at 31 January 2026 are as follows:

Name of undertaking
Address
Class of
% Held
shares held
Direct
Libra Textiles Limited
1
Ordinary
100.00
Boundary Outlet Limited
1
Ordinary
100.00

Registered office addresses (all UK unless otherwise indicated):

1
Boundary Mill Stores, Head Office, Vivary Way, Colne, Lancashire, BB8 9NW
16
Stocks
Group
Company
2026
2025
2026
2025
£
£
£
£
Finished goods and goods for resale
176,605
260,381
-
0
-
0
LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 27 -
17
Debtors
Group
Company
2026
2025
2026
2025
Amounts falling due within one year:
£
£
£
£
Trade debtors
80,951
193,215
-
0
-
0
Other debtors
995,727
5,109
10
10
Prepayments and accrued income
1,676,643
1,332,156
-
0
-
0
2,753,321
1,530,480
10
10
Amounts falling due after more than one year:
Other debtors
-
0
9,092,461
-
0
-
0
Total debtors
2,753,321
10,622,941
10
10

Other debtors due in over one year represents monies owed by a connected company, the balance of which has been repaid during the year.

18
Creditors: amounts falling due within one year
Group
Company
2026
2025
2026
2025
Notes
£
£
£
£
Bank loans and overdrafts
20
-
0
3,193,313
-
0
-
0
Trade creditors
9,687,091
5,898,029
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
9,250,000
10,250,000
Corporation tax payable
696,896
252,217
-
0
-
0
Other taxation and social security
234,614
1,161,126
-
0
-
0
Other creditors
3,235,195
23,798
-
0
-
0
Accruals and deferred income
609,726
3,338,068
-
0
-
0
14,463,522
13,866,551
9,250,000
10,250,000

Other creditors includes £2,053,492 (2025 - £9,950) due from a connected company. The amount has been repaid post year end.

19
Creditors: amounts falling due after more than one year
Group
Company
2026
2025
2026
2025
Notes
£
£
£
£
Bank loans and overdrafts
20
8,000,000
7,750,000
-
0
-
0
LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 28 -
20
Loans and overdrafts
Group
Company
2026
2025
2026
2025
£
£
£
£
Bank loans
8,000,000
8,750,000
-
0
-
0
Bank overdrafts
-
0
2,193,313
-
0
-
0
8,000,000
10,943,313
-
-
Payable within one year
-
0
3,193,313
-
0
-
0
Payable after one year
8,000,000
7,750,000
-
0
-
0

The bank loans and overdrafts are secured by way of a first legal charge over certain of the group's land and buildings and an unscheduled mortgage debenture over all the current and future assets of the group.

No loans are due for repayment in over 5 years.

21
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company:

Liabilities
Liabilities
2026
2025
Group
£
£
Accelerated capital allowances
1,893,712
2,181,003
Short term timing differences
(11,251)
(18,653)
1,882,461
2,162,350
The company has no deferred tax assets or liabilities.
Group
Company
2026
2026
Movements in the year:
£
£
Liability at 1 February 2025
2,162,350
-
Credit to profit or loss
(279,889)
-
Liability at 31 January 2026
1,882,461
-
22
Retirement benefit schemes
2026
2025
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
198,340
224,691
LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
22
Retirement benefit schemes
(Continued)
- 29 -

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

23
Share capital
Group and company
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
95
95
95
95
Ordinary B of £1 each
5
5
5
5
100
100
100
100
24
Reserves
Other reserves

The other reserves relate to the increase in fair value of the investment in subsidiary purchased during a previous period.

25
Related party transactions
Transactions with related parties

Mr R Bannister is a director of R.B. Business Park Limited and controlling shareholder of its parent company R.B. Business Park Holdings Limited. During the year the company paid rent, at market value of £581,322 (2025 - £700,000) to R.B. Business Park Limited.

At the year end date a loan of £2,0 5 3,4 92 was due to R B Business Park Limited, which has been repaid in full after the balance sheet date. At the comparative year ended 31 January 2025, £9,092,461 was due from R B Business Park Limited to the company.

Included within trade creditors is an amount of £nil (2025 - £4,541) due to R.B. Business Park Limited. The amount is interest free and payable on demand.

During the year the group acquired two properties from R.B. Business Park Limited, at their market value, being £10,280,000, following professional valuations being undertaken. The group operates from both of these properties.

Mr B Bannister is the ultimate controlling party of Banny's Limited. Libra Textiles Limited received commission of £283,506 (2025 - £241,798) from Banny's Limited during the year.

Included in trade debtors is an amount of £30,161 (2025 - £55,349) due from Banny's Limited. The amount is interest free and payable on demand.

Included in trade creditors is an amount of £250 (2025 - £nil) due to Banny's Limited.

Mr R Bannister is the ultimate controlling party of Walshaw Moor Estates Limited. Included within trade debtors is an amount of £1,256 (2025 - £2,671) due from Walshaw Moor Estates Limited. The amount is interest free and repayable on demand.

Included within other creditors due within one year is an amount owed by the company to Mr R Bannister, being £62,029 (2025 - £12,848) as at the balance sheet date. Also included within other creditors due within one year is an amount owed by the company to Mr B Bannister of £200,000 (2025 - £nil).

LIBRA TEXTILES HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 30 -
26
Controlling party

The company is controlled by its directors by virtue of their shareholdings in the company.

27
Cash generated from group operations
2026
2025
£
£
Loss after taxation
(551,579)
(940,101)
Adjustments for:
Taxation charged
667,007
730,017
Finance costs
686,588
962,462
Investment income
(30,832)
(53,672)
Loss on disposal of tangible fixed assets
25,083
160,071
Amortisation and impairment of intangible assets
2,258,627
2,308,207
Depreciation and impairment of tangible fixed assets
2,560,015
2,406,110
Movements in working capital:
Decrease/(increase) in stocks
83,776
(101,731)
Decrease/(increase) in debtors
7,869,620
(97,969)
Increase/(decrease) in creditors
3,345,605
(1,021,281)
Cash generated from operations
16,913,910
4,352,113
28
Analysis of changes in net debt - group
1 February 2025
Cash flows
31 January 2026
£
£
£
Cash at bank and in hand
375,907
239,429
615,336
Bank overdrafts
(2,193,313)
2,193,313
-
0
(1,817,406)
2,432,742
615,336
Borrowings excluding overdrafts
(8,750,000)
750,000
(8,000,000)
(10,567,406)
3,182,742
(7,384,664)
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