REGISTERED NUMBER: 01033081 (England and Wales)

FOR

Page

Company Information  

1

Strategic Report  

2

to

5

Report of the Directors  

6

to

7

Report of the Independent Auditors  

8

to

11

Income Statement  

12

Other Comprehensive Income  

13

Statement of Financial Position  

14

Statement of Changes in Equity  

15

Statement of Cash Flows  

16

Notes to the Statement of Cash Flows  

17

Notes to the Financial Statements

18

to

32

DIRECTORS:

Mr N W Caley

Mr C M Mabey

Mr A G Wood

SECRETARY:

Mr N W Caley

REGISTERED OFFICE:

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

REGISTERED NUMBER:

01033081 (England and Wales)

AUDITORS:

Seymour Taylor Limited, Statutory Auditor

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

BANKERS:

Barclays Bank plc

1 Churchill Place

London

E14 5HP

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

GROUP STRUCTURE AND PRINCIPAL ACTIVITIES

Optima Products Limited is a wholly-owned subsidiary of Optima Contracting Limited. Its principal activity is the development, manufacture and distribution of 'Optima' partitioning systems through an international network of group companies and authorised dealers.

Optima Products Asia SDN BHD, which is incorporated in Malaysia, is a wholly-owned subsidiary of Optima Products Limited and its principal activity is the manufacture and distribution of 'Optima' partitioning systems in Asia and Oceania through an international network of group companies and authorised dealers.

PurOptima Inc, which is incorporated in Delaware USA, is a wholly owned subsidiary of Optima Products Limited and its principal activity is the sale and distribution of 'Optima' partitioning systems in the USA through a network of authorised dealers.

Optima Systems Asia Pacific PTE Ltd, which is incorporated in Singapore, is a wholly owned subsidiary of Optima Products Ltd and its principal activity is the sale and distribution of 'Optima' partitioning systems in Asia and Oceania through an international network of group companies and authorised dealers.

Curtis Steel Limited, Optima Glass Installations Limited, Optima Partitioning Systems Limited, PurOptima Limited and Optima Systems Australia Pty Limited are wholly-owned subsidiaries of Optima Products Limited which are dormant.

REVIEW OF THE BUSINESS

The results for the period and financial position of the business are as shown in the annexed financial statements.

Key Performance Indicators

The company operates a number of Key Performance Indicators (KPI) to monitor and control the business which are measured and reviewed by the management on a regular basis.  The KPI include but are not limited to:

31 January 2026

31 January 2025

Turnover

£20.4m

£19.7m

Gross Profit %

45.1%

44.4%

Operating Profit

£2.4m

£2.4m

Debtors

£5.9m

£3.8m

Cash at bank and in hand

£3.7m

£4.2m

Review of the Business

The Company delivered a strong financial performance during the year, with turnover increasing to £20.4 million (2025: £19.7 million) and gross profit margin improving to 45.1% (2025: 44.4%), reflecting continued demand for our products and ongoing operational efficiencies.

Operating profit remained stable at £2.4 million reflecting continued investment in infrastructure and resources to support international growth, particularly in North America. Debtors increased in line with trading activity, reflecting a very busy Q4 with elevated demand continuing into Q1 of 2026/27. Prospects for the year ahead are particularly encouraging and buoyant cash balances of £3.7 million provide a solid financial platform for future growth.

Future Strategy

The Company continues to invest in product development, innovation and certification to meet the evolving needs of our global customers and support our strategic priorities for increasing market share in North America and Asia.

Our global product offer is differentiated through the use of low embodied carbon aluminium profiles in all of our partitioning systems. This material comprises a minimum of 75% post-consumer recycled content and has an embodied carbon value of less than 1.9 kg CO2e per kg of aluminium which is supported by independently verified environmental data. This not only supports our carbon reduction objectives but also those of our customers.

PRINCIPAL RISKS AND UNCERTAINTIES

Key risk factors

In line with our internal control policy and procedures, key risk factors are reviewed frequently and detailed analysis undertaken where there is a requirement to do so. Mitigating controls or plans are implemented where necessary and during the year ended 31 January 2026 no significant risks materialised within the business.

Credit Risk

Company credit policy requires that suitable credit checks be carried out on all potential customers before quotations are submitted and again before an order is accepted to ensure that appropriate payment terms are negotiated. Company exposure to individual organisations is regularly monitored and reviewed to ensure that an acceptable level of risk is maintained.

Foreign Currency Risk

The company has some exposure to foreign currency risk on its purchase of materials denominated in foreign currencies, principally Euros, and through its overseas subsidiaries which operate using US Dollars and Malaysian Ringgit. This risk is mitigated through a detailed review of our intercompany balances and forecasts to maximise the use of local currencies held in our bank accounts. The company does not hedge against any future transactions.

Cyber Security Risk

As our business, suppliers and customers become increasingly digitalised, we are inherently exposed to the risk that third parties may seek to disrupt our business. A cyber event may cause significant reputational and financial loss. We have mitigated this risk by creating a secure and robust IT environment with systems that are Cyber Essentials Plus certified and partnering with a third-party security operation centre to proactively monitor and respond to emerging cyber security threats.

Health, Safety, and Quality

We are wholly committed to ensuring the health, safety and welfare of all our employees and recognise our responsibility towards other people who may be affected by our activities.

Our office and manufacturing facility operate an Integrated Management System (IMS) that is independently certified to ISO 45001, 9001 and 14001; for Health and Safety, Quality and Environmental management respectively. We undertake an annual process of identifying the internal and external issues affecting the business; understanding the needs and expectations of our interested parties; and assessing our significant environmental impacts and operational hazards. This informs the process of setting business-aligned objectives; measuring performance; and developing and implementing actions to address opportunities for continual systematic improvement.

Environment and Sustainability

Reducing the environmental impact of our products and business activities is essential to reduce the physical and financial risk of our operations, consequently this is key to our operational agenda. This has been true since 2017, when we first started to develop environmental product declarations (EPDs) for our products. We focus not only on climate change and greenhouse gas emissions but also on waste reduction and the circular economy; biodiversity; and water use.

Responsible sourcing of materials is essential. We have a Sustainable Procurement Policy and a Supplier Code of Conduct and give preference to product and material suppliers certified to ISO 14001. Furthermore, all timber procured is FSC certified to ensure that it is responsibly sourced from managed forests.

We actively promote the circular economy for our products by offering a take-back & re-use service to reclaim usable materials and divert waste from landfill by seeking opportunities for reuse or recycling.

As part of the Optima Group of companies in the UK, we have developed our own NZC Strategy and set SBTi-validated near-term science-based reduction targets of 42% for Scope 1 and 2 emissions. With a further commitment to measure and reduce Scope 3 emissions. We are undertaking actions to measure, report to recognised standards and minimise greenhouse gas emissions throughout the business and operations.

To support reductions in our supply chain emissions we have established a Carbon Consortium with key suppliers, enabling knowledge transfer relating to decarbonisation and carbon reporting.

We have completed a biodiversity assessment of our supply chain which identified significant impact related to four areas of biodiversity. This assessment has enabled us to scrutinise and review our suppliers with more confidence. In addition, we are undertaking an organisational water footprint assessment to give us key insight into our direct and indirect impacts on water withdrawals and water scarcity.

The Optima Group recognises the importance of strong Corporate Social Responsibility to meet the needs of our clients and the communities we operate in. Using the United Nations Sustainable Development Goals and recognised social value frameworks as guidance, Optima's CSR committee of internal stakeholders undertake extra-curricular, fundraising, volunteering, wellbeing and awareness initiatives with the support of our staff. Optima reports progress towards CSR objectives and promotes the activities it supports annually.

CULTURE AND EMPLOYEES

Diversity and Inclusion

We are committed to promoting equal employment opportunities throughout the company.

Job applicants and employees will receive equal treatment regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, sex or sexual orientation (protected characteristics). This includes opportunities for training to upskill employees and provide pathways for career development. We will make any appropriate reasonable adjustments necessary to support and retain our employees.

We are proud to benefit from having a diverse workforce across all of our businesses and we provide opportunities for training and advancement for all.

Our Employee Handbook contains up to date policies including equal opportunities, anti-harassment & bullying, whistleblowing, flexible working and training & development. Awareness training has been rolled out across the organisation to support the Employee Handbook and to ensure understanding of key issues. Compulsory training includes the topics of modern slavery, whistleblowing and HR compliance (anti-bribery, equality and diversity, bullying and harassment, wellbeing).

Communication and Engagement

We provide an open environment for employees to engage with the business through employee briefings, regular team meetings, individual appraisals, one-to-one meetings and regular communication from the Board on business performance and direction. We conducted an employee engagement survey and have implemented some changes as a direct result of feedback from employees (e.g. an improved appraisal process, additional annual leave for long serving employees and more social activities).

STREAMLINED ENERGY AND CARBON REPORTING

Disclosure in respect of greenhouse gas emissions, energy consumption and energy efficiency has not been included within this report as the company does not exceed the thresholds to disclose.

ON BEHALF OF THE BOARD:

Mr N W Caley - Director

31 July 2026

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

DIVIDENDS

No dividends will be distributed for the year ended 31 January 2026.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report.

Mr N W Caley

Mr C M Mabey

Mr A G Wood

STATEMENT OF DIRECTORS' RESPONSIBILITIES

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

AUDITORS

The auditors, Seymour Taylor Limited, Statutory Auditor, will be re-appointed in accordance with section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

Mr N W Caley - Director

31 July 2026

Opinion

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report.  We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

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

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.  We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-

the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-

the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-

certain disclosures of directors' remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page six, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion.  Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Identifying and assessing potential risks related to irregularities

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

- the nature of the industry and sector, control environment and business performance including the key drivers for directors' remuneration, bonus levels and performance targets;

- results of our enquiries of management about their own identification and assessment of the risks of irregularities;

- any matters we identified having made enquiries of management about their policies and procedures relating to:

identifying, evaluating and complying with laws and regulations and whether they were aware of any

instances of noncompliance;

detecting and responding to the risks of fraud and whether they have knowledge of any actual,

suspected or alleged fraud;

the internal controls established to mitigate risks of fraud or non-compliance with laws and

regulations;

- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements, but compliance with which may be fundamental to the company's ability to operate.

Audit response to risks identified

As a result of performing the above our procedures to respond to the risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with  provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management and external legal advisors about actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Timothy Fulker BSc FCA (Senior Statutory Auditor)

for and on behalf of Seymour Taylor Limited, Statutory Auditor

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

31 July 2026

TURNOVER

3

20,407,085

19,747,925

Cost of sales

11,203,409

10,976,602

GROSS PROFIT

9,203,676

8,771,323

Administrative expenses

6,824,525

6,328,999

2,379,151

2,442,324

Other operating income

4

17,614

-

OPERATING PROFIT

6

2,396,765

2,442,324

Interest receivable and similar income

80,011

64,372

2,476,776

2,506,696

Interest payable and similar expenses

7

(30,681

)

(22,049

)

PROFIT BEFORE TAXATION

2,507,457

2,528,745

Tax on profit

8

607,868

563,171

PROFIT FOR THE FINANCIAL YEAR

1,899,589

1,965,574

PROFIT FOR THE YEAR

1,899,589

1,965,574

OTHER COMPREHENSIVE INCOME  

Actuarial gain/(loss) on pension scheme

(289,000

)

(324,000

)

Income tax relating to other

comprehensive income

-

-

OTHER COMPREHENSIVE INCOME

FOR THE YEAR, NET OF INCOME TAX

(289,000

)

(324,000

)

TOTAL COMPREHENSIVE INCOME

FOR THE YEAR

1,610,589

1,641,574

FIXED ASSETS

Tangible assets

9

3,141,588

3,611,424

Investments

10

106,875

106,876

3,248,463

3,718,300

CURRENT ASSETS

Stocks

11

3,145,570

2,746,102

Debtors

12

5,878,871

3,802,852

Cash at bank and in hand

3,736,756

4,191,148

12,761,197

10,740,102

CREDITORS

Amounts falling due within one year

13

3,029,687

2,517,901

NET CURRENT ASSETS

9,731,510

8,222,201

TOTAL ASSETS LESS CURRENT

LIABILITIES

12,979,973

11,940,501

PROVISIONS FOR LIABILITIES

15

(214,682

)

(285,799

)

NET ASSETS

12,765,291

11,654,702

CAPITAL AND RESERVES

Called up share capital

16

856,182

856,182

Share premium

17

34,256

34,256

Capital contribution

17

1,000,000

1,500,000

Retained earnings

17

10,874,853

9,264,264

SHAREHOLDERS' FUNDS

12,765,291

11,654,702

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026  and were signed on its behalf by:

Mr N W Caley - Director

Called up

share

Retained

Share

Capital

Total

capital

earnings

premium

contribution

equity

£   

£   

£   

£   

£   

Balance at 1 February 2024

856,182

7,622,690

34,256

1,500,000

10,013,128

Changes in equity

Total comprehensive income

-

1,641,574

-

-

1,641,574

Balance at 31 January 2025

856,182

9,264,264

34,256

1,500,000

11,654,702

Changes in equity

Total comprehensive income

-

1,610,589

-

-

1,610,589

Capital contribution repayment

-

-

-

(500,000

)

(500,000

)

Balance at 31 January 2026

856,182

10,874,853

34,256

1,000,000

12,765,291

Cash flows from operating activities

Cash generated from operations

1

1,196,924

1,338,667

Interest paid

(8,319

)

(1,951

)

Finance costs paid

39,000

24,000

Tax paid

(1,201,487

)

(316,895

)

Net cash from operating activities

26,118

1,043,821

Cash flows from investing activities

Purchase of tangible fixed assets

(60,521

)

(201,126

)

Purchase of fixed asset investments

-

(800

)

Sale of fixed asset investments

-

44,717

Interest received

80,011

64,372

Net cash from investing activities

19,490

(92,837

)

Cash flows from financing activities