REGISTERED NUMBER: 13198078 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Te Pari Products (UK) Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

297,525

279,080

CURRENT ASSETS

Stocks

2,173,997

1,172,610

Debtors

5

814,819

381,673

Cash at bank

169,391

59,420

3,158,207

1,613,703

CREDITORS

Amounts falling due within one year

6

(3,652,945

)

(2,184,123

)

NET CURRENT LIABILITIES

(494,738

)

(570,420

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(197,213

)

(291,340

)

CREDITORS

Amounts falling due after more than one year

7

(70,179

)

(146,243

)

NET LIABILITIES

(267,392

)

(437,583

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(267,492

)

(437,683

)

(267,392

)

(437,583

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

Mr J D Blampied - Director

1.	STATUTORY INFORMATION

Te Pari Products (UK) Ltd is a private company, limited by shares, domiciled in England registration number 13198078. The registered office is 61 Bridge Street, Kington, HR5 3DJ.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of goods in respect of the wholesale of agricultural machinery and equipment, excluding value added tax. Sales are recognised at the point at which the goods are delivered.

Tangible fixed assets and depreciation

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

50% on cost and 20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

50% on cost and 33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2025 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

36,352

2,343

299,320

10,054

348,069

Additions

2,370

1,878

79,878

8,306

92,432

Disposals

-

-

(32,255

)

-

(32,255

)

At 31 March 2026

38,722

4,221

346,943

18,360

408,246

DEPRECIATION

At 1 April 2025

6,124

507

56,616

5,742

68,989

Charge for year

2,902

1,210

62,722

2,852

69,686

Eliminated on disposal

-

-

(27,954

)

-

(27,954

)

At 31 March 2026

9,026

1,717

91,384

8,594

110,721

NET BOOK VALUE

At 31 March 2026

29,696

2,504

255,559

9,766

297,525

At 31 March 2025

30,228

1,836

242,704

4,312

279,080

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

222,460

DEPRECIATION

At 1 April 2025

11,208

Charge for year

44,492

At 31 March 2026

55,700

NET BOOK VALUE

At 31 March 2026

166,760

At 31 March 2025

211,252

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

788,281

361,448

Other debtors

26,538

20,225

814,819

381,673

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

67,736

97,436

Trade creditors

80,637

15,625

Amounts owed to group undertakings

1,609,054

1,393,465

Taxation and social security

340,037

124,472

Other creditors

1,555,481

553,125

3,652,945

2,184,123

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

70,179

146,243

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Hire purchase contracts

137,915

243,679

Amounts due on hire purchase are secured over the individual assets concerned.

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Te Pari Products International Limited, a company incorporated in New Zealand having its registered office at 16 Wear Street, Oamaru, 9400, New Zealand.