Registration number: 02238590

Diamond Fibres Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Diamond Fibres Limited

Company Information

Directors

Mr R E Mobsby S M Petitpierre

Company secretary

S M Petitpierre

Registered office

Diamonds Farm Horam Heathfield East Sussex TN21 0HF

Accountants

Manningtons 8 High Street Heathfield East Sussex TN21 8LS

Diamond Fibres Limited

(Registration number: 02238590)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	6,080	6,748
Current assets
Debtors	5	548	863
Cash at bank and in hand		21,546	19,437
		22,094	20,300
Creditors: Amounts falling due within one year	6	(41,256)	(37,391)
Net current liabilities		(19,162)	(17,091)
Net liabilities		(13,082)	(10,343)
Capital and reserves
Called up share capital		22	22
Retained earnings		(13,104)	(10,365)
Shareholders' deficit		(13,082)	(10,343)

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 June 2026 and signed on its behalf by:
 

......................................... Mr R E Mobsby Director

Diamond Fibres Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Diamonds Farm
Horam
Heathfield
East Sussex
TN21 0HF

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	10% reducing balance
Office equipment	3 years straight line

Diamond Fibres Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Diamond Fibres Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2025	401	41,825	42,226
At 31 March 2026	401	41,825	42,226
Depreciation
At 1 April 2025	401	35,077	35,478
Charge for the year	-	668	668
At 31 March 2026	401	35,745	36,146
Carrying amount
At 31 March 2026	-	6,080	6,080
At 31 March 2025	-	6,748	6,748

5

Debtors

	2026 £	2025 £
Trade debtors	548	548
Taxation and social security	-	315
	548	863

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	282	-
Accruals and deferred income	700	700
Director loan account	40,274	36,691
	41,256	37,391

Diamond Fibres Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7	Related party transactions

Summary of transactions with other related parties

Diamond Farm an entity in which the director has an interest. Rent and contract work

Expenditure with and payables to related parties

2026	Other related parties £
Rendering of services	2,500

2025	Other related parties £
Rendering of services	2,500