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Company registration number: 13310197
NUOVA DEROMA UK LTD
Filleted financial statements
31 December 2025
Pearlman Rose
Chartered Accountants & Statutory Auditors
Suite 1, First Floor
Jack Dash House
2 Lawn House Close
London, E14 9YQ
NUOVA DEROMA UK LTD
Contents
Directors and other information
Directors responsibilities statement
Statement of financial position
Statement of changes in equity
Notes to the financial statements
NUOVA DEROMA UK LTD
Directors and other information

| Directors | Mr Arvid Herluf Lennart Fredrik Trolle
|  | Mr Stewart Edward Murray Higginson
| Company number | 13310197
| Registered office | 19 The Circle
|  | Queen Elizabeth Street
|  | London
|  | England
|  | SE1 2JE
|  | United Kingdom
| Auditor | Pearlman Rose
|  | Chartered Accountants & Statutory Auditors
|  | Suite 1, First Floor
|  | Jack Dash House
|  | 2 Lawn House Close
|  | London
|  | E14 9YQ
| Accountants | Tax & Advice
|  | 19 The Circle
|  | Quen Elizabeth Street
|  | London
|  | SE1 2JE

NUOVA DEROMA UK LTD
Directors responsibilities statement
Year ended 31 December 2025
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the 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 company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
NUOVA DEROMA UK LTD
Statement of financial position
31 December 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Intangible assets |  | 7 | 49,209 |  |  |  | 33,777 |  |
Tangible assets |  | 8 | 15,760 |  |  |  | 22,649 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 64,969 |  |  |  | 56,426
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 1,816,514 |  |  |  | 1,580,287 |  |
Debtors |  | 9 | 1,259,072 |  |  |  | 690,865 |  |
Cash at bank and in hand |  |  | 349,602 |  |  |  | 73,248 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 3,425,188 |  |  |  | 2,344,400 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 10 | ( 2,519,829) |  |  |  | ( 1,586,971) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 905,359 |  |  |  | 757,429
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 970,328 |  |  |  | 813,855
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 11 |  |  | ( 2,546,229) |  |  |  | ( 1,899,783)
|  |  |  |  | _______ |  |  |  | _______
Net liabilities |  |  |  |  | ( 1,575,901) |  |  |  | ( 1,085,928)
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 12 |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  | ( 1,576,001) |  |  |  | ( 1,086,028)
|  |  |  |  | _______ |  |  |  | _______
Shareholders deficit |  |  |  |  | ( 1,575,901) |  |  |  | ( 1,085,928)
|  |  |  |  | _______ |  |  |  | _______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 July 2026 , and are signed on behalf of the board by:
Mr Stewart Edward Murray Higginson Mr Arvid Herluf Lennart Fredrik Trolle
Director Director
Company registration number: 13310197
NUOVA DEROMA UK LTD
Statement of changes in equity
Year ended 31 December 2025

|  | Called up share capital |  | Profit and loss account | Total |  |  |  |  |
|  | £ |  | £ | £ |  |  |  |  |
At 1 January 2024 |  | 100 |  | ( 501,221) | ( 501,121) |  |  |  |  |
Loss for the year |  |  |  | ( 584,807) | ( 584,807) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | ( 584,807) | ( 584,807) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 December 2024 and 1 January 2025 |  | 100 |  | ( 1,086,028) | ( 1,085,928) |  |  |  |  |
Loss for the year |  |  |  | ( 489,973) | ( 489,973) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | ( 489,973) | ( 489,973) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 December 2025 |  | 100 |  | ( 1,576,001) | ( 1,575,901) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |

NUOVA DEROMA UK LTD
Notes to the financial statements
Year ended 31 December 2025
1. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods s
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Software License | - | 12.5 % | straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold property | - | 10 % | straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
2. Turnover
Turnover arises from:

|  |  | 2025 | 2024
|  |  | £ | £
| Rendering of services |  | 1,837,653 | 1,928,926
| Other income |  | 6,600 | -
|  |  | _______ | _______
|  |  | 1,844,253 | 1,928,926
|  |  | _______ | _______

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
3. Operating loss
Operating loss is stated after charging/(crediting):

|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Amortisation of intangible assets |  |  | 10,152 | 5,576
| Depreciation of tangible assets |  |  | 6,889 | 6,616
| Research and development expenditure written off |  |  | 104,742 | 69,756
| Operating lease rentals |  |  | 386,376 | 276,829
| Foreign exchange differences |  |  | 63,123 | 34,682
| Fees payable for the audit of the financial statements |  |  | 8,750 | -
|  |  |  | _______ | _______

4. Auditors remuneration

|  |  | 2025 | 2024
|  |  | £ | £
| Fees payable to Pearlman Rose |  |  |
| Fees payable for the audit of the financial statements |  | 6,750 | -
|  |  | _______ | _______

5. Staff costs
The aggregate payroll costs incurred during the year were:

|  |  | 2025 | 2024
|  |  | £ | £
| Wages and salaries |  | 769,870 | 919,671
| Social security costs |  | 85,468 | -
| Other pension costs |  | 16,316 | -
|  |  | _______ | _______
|  |  | 871,654 | 919,671
|  |  | _______ | _______

6. Employee numbers
The average number of persons employed by the company during the year amounted to 19 (2024: 22 ).
7. Intangible assets

|  | Software License | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 January 2025 | 50,213 | 50,213 |  |  |  |
| Additions | 25,584 | 25,584 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 December 2025 | 75,797 | 75,797 |  |  |  |
|  | _______ | _______ |  |  |  |
| Amortisation |  |  |  |  |  |
| At 1 January 2025 | 16,436 | 16,436 |  |  |  |
| Charge for the year | 10,152 | 10,152 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 December 2025 | 26,588 | 26,588 |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 December 2025 | 49,209 | 49,209 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 December 2024 | 33,777 | 33,777 |  |  |  |
|  | _______ | _______ |  |  |  |

8. Tangible assets

|  | Freehold property | Plant and machinery | Motor vehicles | Total |  |  |
|  | £ | £ | £ | £ |  |  |
| Cost |  |  |  |  |  |  |
| At 1 January 2025 and 31 December 2025 | 3,695 | 13,737 | 26,625 | 44,057 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 January 2025 | 1,291 | 2,289 | 17,828 | 21,408 |  |  |
| Charge for the year | 370 | 1,241 | 5,278 | 6,889 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| At 31 December 2025 | 1,661 | 3,530 | 23,106 | 28,297 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 December 2025 | 2,034 | 10,207 | 3,519 | 15,760 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| At 31 December 2024 | 2,404 | 11,448 | 8,797 | 22,649 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |

9. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 1,004,400 | 550,736
| Other debtors |  | 254,672 | 140,129
|  |  | _______ | _______
|  |  | 1,259,072 | 690,865
|  |  | _______ | _______

10. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Trade creditors |  | 129,822 | 244,876
| Social security and other taxes |  | 124,700 | 119,181
| Other creditors |  | 2,265,307 | 1,222,914
|  |  | _______ | _______
|  |  | 2,519,829 | 1,586,971
|  |  | _______ | _______

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

|  |  | 2025 | 2024
|  |  | £ | £
| Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 2,546,229 | 1,899,783
|  |  | _______ | _______

12. Called up share capital
Issued, called up and fully paid

|  |  | 2025 |  |  |  | 2024 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares shares of £ 1.00 each |  | 100 |  | 100 |  | 100 |  | 100
|  |  | _______ |  | _______ |  | _______ |  | _______

13. Summary audit opinion
The auditor's report dated 24 July 2026 was unqualified.
The statutory auditor was Pearlman Rose
14. Related party transactions
The Company Nuova Deroma S.P.A. is incorporated in Italy and is holding company of Nuova Deroma UK LTD.During the year, the company received additional funding from Nuova Deroma S.P.A. of £646,446 (2024: £377,962), increasing the year-ended balance to £2,546,229 (2024 : £1,899,783). Which is included in note 14 above.
15. Controlling party
The Company's ultimate controlling party is Mr Mads Videbaek by virtue of his ownership of more than 25% but not more than 50% of the issued share capital in the company.The Company's ultimate controlling party is Mr Eric Jakob Carl Kjellberg by virtue of his ownership of more than 25% but not more than 50% of the issued share capital in the company.The Company's ultimate controlling party is Mr Arvid Trolle by virtue of his ownership of more than 25% but not more than 50% of the issued share capital in the company.