Company No: 01858229 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	1,623,949		1,399,810
		1,623,949		1,399,810
Current assets
Stocks		2,294,592		2,698,086
Debtors	5	1,906,465		1,880,351
Cash at bank and in hand		2,143,449		2,542,887
		6,344,506		7,121,324
Creditors: amounts falling due within one year	6	( 966,495)		( 1,540,953)
Net current assets		5,378,011		5,580,371
Total assets less current liabilities		7,001,960		6,980,181
Creditors: amounts falling due after more than one year	7	0		( 95,690)
Provision for liabilities		( 335,315)		( 322,602)
Net assets		6,666,645		6,561,889
Capital and reserves
Called-up share capital	8	9,000		9,000
Profit and loss account		6,657,645		6,552,889
Total shareholder's funds		6,666,645		6,561,889

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Plastic Reinforcement Fabrics Limited (registered number: 01858229) were approved and authorised for issue by the Board of Directors on 05 August 2026. They were signed on its behalf by:

R Burnell Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Plastic Reinforcement Fabrics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Upton Road, Poole, Dorset, BH17 7AA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	depreciated over the life of the lease
Plant and machinery	25 % reducing balance
	8 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

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

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	34		37

3. Intangible assets

	Trademarks, patents and licences		Total
	£		£
Cost
At 01 January 2025	74,391		74,391
At 31 December 2025	74,391		74,391
Accumulated amortisation
At 01 January 2025	74,391		74,391
At 31 December 2025	74,391		74,391
Net book value
At 31 December 2025	0		0
At 31 December 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 January 2025	487,220		2,703,379		326,149		788,272		4,305,020
Additions	166,284		388,050		55,051		5,993		615,378
Disposals	0		0		( 20,263)		( 2,280)		( 22,543)
At 31 December 2025	653,504		3,091,429		360,937		791,985		4,897,855
Accumulated depreciation
At 01 January 2025	350,888		1,854,970		190,852		508,500		2,905,210
Charge for the financial year	38,220		267,436		38,111		41,845		385,612
Disposals	0		0		( 16,356)		( 560)		( 16,916)
At 31 December 2025	389,108		2,122,406		212,607		549,785		3,273,906
Net book value
At 31 December 2025	264,396		969,023		148,330		242,200		1,623,949
At 31 December 2024	136,332		848,409		135,297		279,772		1,399,810

5. Debtors

	2025		2024
	£		£
Trade debtors	1,492,063		1,554,375
Amounts owed by Group undertakings	297,174		242,699
Other debtors	117,228		83,277
	1,906,465		1,880,351

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	806,708		995,972
Corporation tax	14,342		392,382
Other taxation and social security	41,721		28,376
Obligations under finance leases and hire purchase contracts (secured)	29,024		54,517
Other creditors	74,700		69,706
	966,495		1,540,953

Hire purchase contracts are secured against the assets to which they relate

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	0		95,690

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
5,750 A ordinary shares of £ 1.00 each	5,750		5,750
750 B ordinary shares of £ 1.00 each	750		750
2,500 C ordinary shares of £ 1.00 each	2,500		2,500
	9,000		9,000

9. Related party transactions

Other related party transactions

	2025		2024
	£		£
The company paid rent to Mr R Burnell & Mrs A Burnell directors of the company	11,598		55,625
The company paid rent to entities under common control	225,250		185,550
Included within trade creditors were amounts to entities under common control	68,700		24,000
Included within other debtors were amounts due from entities under common control	0		0
Included within accruals were amounts due from entities under common control	0		0
Included within amounts owed to Group undertakings were amounts due to entities under common control	297,174		242,699

The Directors are also the Trustees of a Discretionary Settlement Trust which has an interest in the issued share capital of the company.

10. Ultimate controlling party

Parent Company:

PRF Composite Holdings Limited

3 Upton Road, Poole, Dorset, BH17 7AA