Company registration number 02905427 (England and Wales)
DIAMOND TEXTILES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
DIAMOND TEXTILES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
DIAMOND TEXTILES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
38,713
49,986
Current assets
Stocks
4
214,190
272,230
Debtors
5
125,407
98,838
Cash at bank and in hand
96,508
132,780
436,105
503,848
Creditors: amounts falling due within one year
6
(137,991)
(152,498)
Net current assets
298,114
351,350
Total assets less current liabilities
336,827
401,336
Creditors: amounts falling due after more than one year
7
-
0
(4,164)
Provisions for liabilities
(8,521)
(11,265)
Net assets
328,306
385,907
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss reserves
327,306
384,907
Total equity
328,306
385,907
DIAMOND TEXTILES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 August 2026 and are signed on its behalf by:
Kuljeet Dulkoan-Takhar
Director
Company registration number 02905427 (England and Wales)
DIAMOND TEXTILES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Diamond Textiles Limited 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.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Revenue

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

1.3
Tangible fixed assets

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

Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance
1.4
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.5
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

1.6
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.

DIAMOND TEXTILES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
2
Employees
2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2025
70,462
23,341
9,422
26,495
129,720
Additions
-
0
583
873
-
0
1,456
At 31 December 2025
70,462
23,924
10,295
26,495
131,176
Depreciation and impairment
At 1 January 2025
25,529
22,365
7,334
24,506
79,734
Depreciation charged in the year
11,233
378
621
497
12,729
At 31 December 2025
36,762
22,743
7,955
25,003
92,463
Carrying amount
At 31 December 2025
33,700
1,181
2,340
1,492
38,713
At 31 December 2024
44,933
976
2,088
1,989
49,986
4
Stocks
2025
2024
£
£
Stocks
214,190
272,230
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
123,125
93,080
Other debtors
2,282
5,758
125,407
98,838
DIAMOND TEXTILES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
4,416
10,648
Taxation and social security
3,984
2,505
Other creditors
129,591
139,345
137,991
152,498
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
4,164
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1,000
1,000
1,000
1,000
9
Related party transactions

The directors' current account balances are due to Mrs K Dulkoan Takhar £4,855 (2024 £7,680) and Ms A S Dulkoan £8,506 (2024 £10,731).The directors are the ultimate controlling parties.

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