REGISTERED NUMBER: 01227171 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

International ProcessPlants (Europe) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Gale

J Gale

AS Field

G Mayhead

SECRETARY:

AS Field

REGISTERED OFFICE:

c/o Postal Pages

Unit 3, Proctor Court, Boeing Way

Preston Farm Industrial Estate

Stockton on Tees

TS18 3TE

REGISTERED NUMBER:

01227171 (England and Wales)

AUDITORS:

Anderson Barrowcliff Limited

Statutory Auditor

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

119,725

127,956

CURRENT ASSETS

Stocks

5

789,777

779,826

Debtors

6

1,456,397

503,045

Cash at bank and in hand

658,459

1,088,863

2,904,633

2,371,734

CREDITORS

Amounts falling due within one year

7

1,542,396

696,363

NET CURRENT ASSETS

1,362,237

1,675,371

TOTAL ASSETS LESS CURRENT LIABILITIES

1,481,962

1,803,327

PROVISIONS FOR LIABILITIES

5,000

5,000

NET ASSETS

1,476,962

1,798,327

CAPITAL AND RESERVES

Called up share capital

9

13,590

13,590

Capital redemption reserve

1,510

1,510

Retained earnings

1,461,862

1,783,227

SHAREHOLDERS' FUNDS

1,476,962

1,798,327

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by:

AS Field - Director

1.	STATUTORY INFORMATION

International ProcessPlants (Europe) 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.

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

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover

Turnover represents the net value of goods sold, excluding value added tax. Included within turnover are sales of goods in which the Company has a part interest and sales of goods on behalf of other parties on a commission basis.

Tangible fixed assets

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

Short leasehold

-

5% on cost

Plant and machinery

-

25% on cost

Computer equipment

-

33% on cost

Stocks

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

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Computer

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1 January 2025

271,022

139,407

12,586

423,015

Additions

-

9,399

-

9,399

At 31 December 2025

271,022

148,806

12,586

432,414

DEPRECIATION

At 1 January 2025

157,318

125,170

12,571

295,059

Charge for year

13,551

4,079

-

17,630

At 31 December 2025

170,869

129,249

12,571

312,689

NET BOOK VALUE

At 31 December 2025

100,153

19,557

15

119,725

At 31 December 2024

113,704

14,237

15

127,956

5.

STOCKS

2025

2024

£

£

Stocks

789,777

779,826

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

859,776

4,056

Amounts owed by group undertakings

-

130,778

Amounts owed by participating interests

217,511

167,131

Other debtors

379,110

201,080

1,456,397

503,045

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

107,104

16,273

Amounts owed to group undertakings

186,012

198,755

Amounts owed to participating interests

18,122

184,390

Taxation and social security

29,329

37,729

Other creditors

1,201,829

259,216

1,542,396

696,363

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

35,269

14,914

Between one and five years

118,401

990

153,670

15,904

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

13,590

Ordinary

£1

13,590

13,590

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

The Report of the Auditors was unqualified.

Andrew Dewing FCCA, FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff Limited

11.	RELATED PARTY DISCLOSURES

During the year the company undertook transactions with various related parties, and/or provided or received funds to assist or to be assisted with working capital requirements as detailed below:

Group companies

2025

2024

£

£

Total loan amount owed by International Process Plants (Europe) Limited at the year end

186,012

199,681

The loan is free of interest and repayable on demand.

Total loan amount due to International Process Plants (Europe) Limited at the year end

-

(120,000

)

Interest is charged on the loans at a rate of 4% per annum.

12.	ULTIMATE HOLDING COMPANY

The ultimate holding company is Newfuturevest II LLC, an entity incorporated in the United States of America. It's registered office is 17A Marlen Drive, Trenton, New Jersey, 08691, United States of America.