DRIMNIN COMMUNITY BROADBAND C.I.C.

Company limited by guarantee

Company Registration Number:
SC554497 (Scotland)

Unaudited statutory accounts for the year ended 31 January 2026

Period of accounts

Start date: 1 February 2025

End date: 31 January 2026

DRIMNIN COMMUNITY BROADBAND C.I.C.

Contents of the Financial Statements

for the Period Ended 31 January 2026

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

DRIMNIN COMMUNITY BROADBAND C.I.C.

Directors' report period ended 31 January 2026

The directors present their report with the financial statements of the company for the period ended 31 January 2026

Principal activities of the company

The principal activity of the company during the year was provision of a broadband service for the community of Drimnin and some properties on the Morvern peninsula outwith Drimnin as well as a limited number on Mull.

Additional information

Main Risks The directors have identified two main risks to the business. Failure of equipment from weather events or breakdown could lead to substantial unexpected costs. The company has purchased insurance against weather events and is putting in place significant mitigation measures with the aim of reducing the impact of equipment failures. The company’s ability to obtain new customers is very limited. A significant number of our existing customers cancelling their contracts during 2026 could result in the company being unable to continue in the medium term. During 2026, the Company is implementing a risk mitigation plan which will address many of its most significant operating risks, thus improving the resilience of its service with the aim of reducing the tendency of customers to cancel contracts. Significant changes to our operating model have allowed prices to be reduced to a more competitive level. Going Concern The directors are satisfied that the company is a going concern. In taking this view, the directors have taken the following into account: there are no outstanding capital expenditure commitments; the number of customers contracted is sufficient to support the service; the company holds significant cash reserves to meet contractual commitments if an unexpectedly large number of customers discontinue payments or to meet a short term revenue shortfall.



Directors

The directors shown below have held office during the whole of the period from
1 February 2025 to 31 January 2026

R. David Campbell
 Clive R Edwardes
 Michael B Foulis
 B Colin Kupris
 Rhonda Newsham
 Annabel B Thomas

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 July 2026

And signed on behalf of the board by:
Name: R. David Campbell
Status: Director

DRIMNIN COMMUNITY BROADBAND C.I.C.

Profit And Loss Account

for the Period Ended 31 January 2026

2026 2025


£
£
Turnover: 30,560 31,030
Cost of sales: ( 19,839 ) ( 20,129 )
Gross profit(or loss): 10,721 10,901
Distribution costs: 0 0
Administrative expenses: ( 2,156 ) ( 2,701 )
Operating profit(or loss): 8,565 8,200
Profit(or loss) before tax: 8,565 8,200
Tax: 0 0
Profit(or loss) for the financial year: 8,565 8,200

DRIMNIN COMMUNITY BROADBAND C.I.C.

Balance sheet

As at 31 January 2026

Notes 2026 2025


£
£
Fixed assets
Tangible assets: 3 2,455 27,242
Total fixed assets: 2,455 27,242
Current assets
Debtors: 4 1,037 3,568
Cash at bank and in hand: 21,492 10,892
Total current assets: 22,529 14,460
Creditors: amounts falling due within one year: 5 ( 5,828 ) ( 22,752 )
Net current assets (liabilities): 16,701 (8,292)
Total assets less current liabilities: 19,156 18,950
Creditors: amounts falling due after more than one year: 6 0 ( 5,000 )
Total net assets (liabilities): 19,156 13,950
Members' funds
Profit and loss account: 19,156 13,950
Total members' funds: 19,156 13,950

The notes form part of these financial statements

DRIMNIN COMMUNITY BROADBAND C.I.C.

Balance sheet statements

For the year ending 31 January 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 July 2026
and signed on behalf of the board by:

Name: R. David Campbell
Status: Director

The notes form part of these financial statements

DRIMNIN COMMUNITY BROADBAND C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2026

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the fair value of consideration receivable in the ordinary course of business for services provided.

    Tangible fixed assets depreciation policy

    Depreciation is calculated to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows Masts and electronic equipment 25% of the initial cost of the asset on a straight line basis over 4 years. Residual values are taken at zero.

    Other accounting policies

    Fixed assets All fixed assets are initially recorded at cost Grants Grants received to meet operational costs are recognized as income in the year in which the corresponding operational costs are recognized. Grants received to fund the purchase of fixed assets are recognized as income to match the depreciation recognized in respect of the corresponding assets.

DRIMNIN COMMUNITY BROADBAND C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2026

  • 2. Employees

    2026 2025
    Average number of employees during the period 0 0

DRIMNIN COMMUNITY BROADBAND C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2026

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2025 27,242 27,242
Additions 257 257
Disposals
Revaluations
Transfers
At 31 January 2026 27,499 27,499
Depreciation
At 1 February 2025 0 0
Charge for year 25,044 25,044
On disposals
Other adjustments
At 31 January 2026 25,044 25,044
Net book value
At 31 January 2026 2,455 2,455
At 31 January 2025 27,242 27,242

DRIMNIN COMMUNITY BROADBAND C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2026

4. Debtors

2026 2025
£ £
Prepayments and accrued income 1,037 3,568
Total 1,037 3,568

DRIMNIN COMMUNITY BROADBAND C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2026

5. Creditors: amounts falling due within one year note

2026 2025
£ £
Trade creditors 648 648
Accruals and deferred income 180 22,104
Other creditors 5,000
Total 5,828 22,752

DRIMNIN COMMUNITY BROADBAND C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2026

6. Creditors: amounts falling due after more than one year note

2026 2025
£ £
Other creditors 0 5,000
Total 0 5,000

DRIMNIN COMMUNITY BROADBAND C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2026

7. Financial Commitments

Loans represent long term loans from Members of the company, some of whom are directors of the company, and a community body. Loans are repayable only at the option of the company. No interest is payable on these loans. The loans are shown at transaction value The loans were repaid in full on 25th February 2026 The company was under the control of the directors throughout the year. No transactions with related parties which are required to be disclosed under Financial Reporting Standard 8 were undertaken other than loans made to the company. No other financial arrangements, including credit arrangements, loan advances or guarantees have been made between the company and its directors. The company has not made any contractual financial commitments other than those disclosed with BT, Ofcom and Rapier Systems and its lease arrangements for transmitter sites. One such site is the subject of an informal agreement under which a contingent payment would be due from the company if certain circumstances were to arise. The directors consider that the possibility of such circumstances arising is extremely remote. The amount of the contingent payment would be £1,000 per annum from the date at which such circumstances arose. The company has arrangements with Scottish Sea Farms for mutual provision of services. No payments are made in relation to these services

COMMUNITY INTEREST ANNUAL REPORT

DRIMNIN COMMUNITY BROADBAND C.I.C.

Company Number: SC554497 (Scotland)

Year Ending: 31 January 2026

Company activities and impact

The company provided broadband services to the community and a limited number of others throughout the year, providing vital communication links enabling home working, education, arrangement of deliveries and social communication as more and more services move to online provision. The area served has limited affordable alternative broadband services, with only one commercial supplier. Drimnin Community Broadband maximises the access to affordable, superfast internet services for the community. Hands on, community-based support assists those less proficient with the technology. The Board began considering whether its main purpose could be met by commercial providers during the year and this analysis was completed in 2026/7. At the time of writing, the Board had already concluded in May 2026 that Drimnin Community Broadband still has a role to play in enhancing life in our target community. The Board developed a new operating model for the Company during the year and began the process of implementation. This work will continue throughout 2026. The revised operating model will lead to substantially reduced costs. As Drimnin Community Broadband operates on not-for-profit principles, the benefits of cost savings will come through in enhanced capital investment and reduced charges to our customers in 2026/27.

Consultation with stakeholders

The Stakeholders are members of the Drimnin Community and the wider Morvern Community. Consultation on service issues takes place via email through the normal course of doing business. In addition, the volunteer maintenance team provides valuable additional feedback on opinions within the community.- No additional consultation with stakeholders has taken place.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 July 2026

And signed on behalf of the board by:
Name: Robert David Campbell
Status: Director