REGISTERED NUMBER: 04546531 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Forchem Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C I Anderson

REGISTERED OFFICE:

Office 302, The Innovation Centre

Venture Court

Queens Meadow Business Park

Hartlepool

Cleveland

TS25 5TG

REGISTERED NUMBER:

04546531 (England and Wales)

SENIOR STATUTORY AUDITOR:

Simon Hook FCCA

AUDITORS:

Clive Owen LLP

Chartered Accountants and Statutory Auditors

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

709

1,080

CURRENT ASSETS

Debtors

5

7,410

16,324

Cash at bank

57,790

41,151

65,200

57,475

CREDITORS

Amounts falling due within one year

6

(19,884

)

(17,898

)

NET CURRENT ASSETS

45,316

39,577

TOTAL ASSETS LESS CURRENT LIABILITIES

46,025

40,657

PROVISIONS FOR LIABILITIES

8

(135

)

-

NET ASSETS

45,890

40,657

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

45,889

40,656

SHAREHOLDERS' FUNDS

45,890

40,657

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2026 and were signed by:

C I Anderson - Director

1.	STATUTORY INFORMATION

Forchem Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going Concern

The directors plan for the company to cease trading before 31 December 2026. Therefore, the directors have prepared the statements on a basis other than going concern.

No adjustments were necessary to amounts included in these financial statements.

Related party transactions

The group has taken advantage of exemption, under the terms of Section 1A ''Small Entities'' 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 nor those under normal market conditions.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Income is received in advance for services, any income relating to future periods is deferred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

33% on cost

Fixtures and fittings

-

25% on reducing balance

Tangible fixed assets are included at cost less accumulated depreciation and impairments.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Operating leases

Rentals payable under operating leases are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

equipment

fittings

Totals

£

£

£

COST

At 1 January 2025

1,982

1,261

3,243

Additions

106

-

106

At 31 December 2025

2,088

1,261

3,349

DEPRECIATION

At 1 January 2025

902

1,261

2,163

Charge for year

477

-

477

At 31 December 2025

1,379

1,261

2,640

NET BOOK VALUE

At 31 December 2025

709

-

709

At 31 December 2024

1,080

-

1,080

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

5,000

13,221

Other debtors

1,003

1,699

Prepayments and accrued income

1,407

1,404

7,410

16,324

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

444

1,473

Tax and social security

13,748

8,459

Other creditors

-

2,007

Director's current account

140

16

Accruals and deferred income

5,552

5,943

19,884

17,898

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

8,852

9,657

Between one and five years

-

8,852

8,852

18,509

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

135

-

Deferred

tax

£

Charge to Statement of Income and Retained Earnings during year

135

Balance at 31 December 2025

135

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

We draw attention to Note 2 to the financial statements which explains that the directors intend to cease trading before 31 December 2026 and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2.

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

Our opinion is not modified in respect of this matter.

Simon Hook FCCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

11.	RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2025

2024

£

£

Amounts due to directors

140

16

No interest has been charged.

12.	PARENT UNDERTAKING

The company's parent undertaking is Forchem Oyj, incorporated in Finland.

13.	ULTIMATE PARENT COMPANY

The ultimate parent company is Respol Resinas S.A., a company incorporated in Portugal, who owns the shares in Forchem Oyj, the immediate parent company.

The consolidated accounts of this company are available to the public and may be obtained from Forchem Oyj, Maanpääntie 3, FI-26101 Rauma, Finland. No other group financial statements include the results of the company.