ACCOUNTS - Final Accounts

An analysis of turnover by class of business is as follows:

Registered number: 01650838

KLIMA-THERM LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

KLIMA-THERM LIMITED

COMPANY INFORMATION

Directors	R Mallozzi
	P S Davis
	T Mitchell
	I O'Connor


Company secretary	I O'Connor


Registered number	01650838


Registered office	42 Weir Road
	Wimbledon
	London
	SW19 8UG


Independent auditors	Shaw Gibbs (Audit) Limited
	Statutory Auditors
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT


Country of incorporation	England & Wales

KLIMA-THERM LIMITED

CONTENTS

	Page
Directors' report	1 - 2
Independent auditors' report	3 - 6
Statement of income and retained earnings	7
Statement of financial position	8 - 9
Statement of cash flows	10 - 11
Notes to the financial statements	12 - 22

KLIMA-THERM LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors' responsibilities statement

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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙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 to 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.

Directors

The directors who served during the year were:

R Mallozzi

P S Davis

T Mitchell

I O'Connor

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors

The auditors, Shaw Gibbs (Audit) Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Page 1

KLIMA-THERM LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

I O'Connor

Director

Date: 26 June 2026

Page 2

KLIMA-THERM LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KLIMA-THERM LIMITED

Opinion

We have audited the financial statements of Klima-Therm Limited (the 'company') for the year ended 31 December 2025, which comprise the Statement of income and retained earnings, the Statement of financial position, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Page 3

KLIMA-THERM LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KLIMA-THERM LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit; or

∙the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' report and from the requirement to prepare a Strategic report.

Page 4

KLIMA-THERM LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KLIMA-THERM LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.
As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and provisions. We evaluated whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. This included reviewing estimates within the figures and considering if these were included appropriately in the accounts or if provisions should be included in the accounts.
We did not identify any key audit matters relating to irregularities, including fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 5

KLIMA-THERM LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KLIMA-THERM LIMITED (CONTINUED)

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Dickinson FCA (Senior statutory auditor)

for and on behalf of

Shaw Gibbs (Audit) Limited

Statutory Auditors

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT

14 August 2026

Page 6

KLIMA-THERM LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
Note	£	£


Turnover	3	6,674,857	7,768,056
Cost of sales		(5,140,119)	(5,894,463)
Gross profit		1,534,738	1,873,593
Administrative expenses		(1,486,305)	(1,490,886)
Operating profit	4	48,433	382,707
Interest receivable and similar income		24	-
Interest payable and similar expenses		(844)	(1,500)
Profit before tax		47,613	381,207
Tax on profit	6	(31,314)	(103,451)
Profit after tax		16,299	277,756



Retained earnings at the beginning of the year	1,485,848	1,208,092
	1,485,848	1,208,092
Profit for the year	16,299	277,756
Dividends declared and paid	(400,000)	-
Retained earnings at the end of the year	1,102,147	1,485,848

There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of income and retained earnings.

The notes on pages 12 to 22 form part of these financial statements.

Page 7

KLIMA-THERM LIMITED

REGISTERED NUMBER: 01650838

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	7		4,390		5,673
			4,390		5,673
Current assets
Debtors: amounts falling due within one year	8	4,443,992		2,187,693
Cash at bank and in hand	9	1,124,006		1,875,402
		5,567,998		4,063,095
Creditors: amounts falling due within one year	10	(4,304,558)		(2,404,811)
Net current assets			1,263,440		1,658,284
Total assets less current liabilities			1,267,830		1,663,957
Provisions for liabilities
Deferred tax		(251)		(517)
Other provisions	11	(65,432)		(77,592)
			(65,683)		(78,109)
Net assets			1,202,147		1,585,848

Capital and reserves
Called up share capital	12	100,000	100,000
Profit and loss account		1,102,147	1,485,848
		1,202,147	1,585,848

Page 8

KLIMA-THERM LIMITED

REGISTERED NUMBER: 01650838

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 June 2026.

................................................

I O'Connor

Director

The notes on pages 12 to 22 form part of these financial statements.

Page 9

KLIMA-THERM LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit for the financial year	16,298	277,756
Adjustments for:
Depreciation of tangible assets	4,550	5,601
Interest paid	844	1,500
Interest received	(24)	-
Taxation charge	31,314	103,451
Decrease in stocks	-	193,029
(Increase)/decrease in debtors	(2,252,756)	219,391
(Increase)/decrease in amounts owed by groups	(3,541)	265,164
Increase/(decrease) in creditors	1,564,394	(886,106)
(Decrease)/increase in amounts owed to groups	(81,451)	120,731
(Decrease)/increase in provisions	(12,160)	4,119
Corporation tax (paid)	(102,902)	(86,245)
Net cash generated from operating activities	(835,434)	218,391

Cash flows from investing activities
Purchase of tangible fixed assets	(3,266)	(4,190)
Interest received	24	-
Net cash from investing activities	(3,242)	(4,190)
Cash flows from financing activities
Dividends paid	(400,000)	-
Interest paid	(844)	(1,500)
Net cash used in financing activities	(400,844)	(1,500)
Net (decrease)/increase in cash and cash equivalents	(1,239,520)	212,701

Page 10

KLIMA-THERM LIMITED

STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

		2025	2024
		£	£


Cash and cash equivalents at beginning of year	1,875,402	1,662,701
Cash and cash equivalents at the end of year	635,882	1,875,402

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	1,124,006	1,875,402
Bank overdrafts	(488,124)	-
	635,882	1,875,402

The notes on pages 12 to 22 form part of these financial statements.

Page 11

KLIMA-THERM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Klima-Therm Limited, (01650838), is a private company limited by shares and incorporated in England & Wales. The registered office is 42 Weir Road, Wimbledon, London, SW19 8UG.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

The financial statements are presented in Sterling to whole £s.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 12

KLIMA-THERM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Long-term contracts
Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 13

KLIMA-THERM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 14

KLIMA-THERM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery	-	25%	straight line
Motor vehicles	-	25%	straight line
Fixtures and fittings	-	25%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 15

KLIMA-THERM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

	Sites, Services & Products	6,674,857	7,768,056

All turnover arose within the United Kingdom.

Depreciation of tangible fixed assets	4,550	5,601
Fees payable to the company's auditor and its associates for the audit of the company's annual financial statements	13,643	13,379
Exchange differences	(11,104)	(15,680)
Other operating lease rentals	42,504	42,504
Defined contibution pension cost	20,424	20,599

Employees

The average monthly number of employees, including directors, during the year was 10 (2024 - 10).

Page 16

KLIMA-THERM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Corporation tax
Current tax on profits for the year	32,449	103,747
Adjustments in respect of previous periods	(869)	-
	31,580	103,747

Total current tax	31,580	103,747

Deferred tax
Origination and reversal of timing differences	(266)	(296)
Total deferred tax	(266)	(296)


	Tax on profit	31,314	103,451

Page 17

KLIMA-THERM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.Taxation (continued)

Profit on ordinary activities before tax

47,613

381,207

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	11,903	95,302
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	20,279	15,755
Capital allowances for year in excess of depreciation	267	295
Adjustments to tax charge in respect of prior periods	(869)	-
Short-term timing difference leading to an increase (decrease) in taxation	(266)	(296)
Group relief	-	(7,605)
Total tax charge for the year	31,314	103,451

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 18

KLIMA-THERM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 January 2025	25,902	53,420	79,322
Additions	-	3,266	3,266
At 31 December 2025	25,902	56,686	82,588
Depreciation
At 1 January 2025	25,902	47,746	73,648
Charge for the year on owned assets	-	4,550	4,550
At 31 December 2025	25,902	52,296	78,198
Net book value
At 31 December 2025	-	4,390	4,390
At 31 December 2024	-	5,674	5,674

Page 19

KLIMA-THERM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	2,777,810	633,935
Amounts owed by group undertakings	1,380,119	1,376,578
Other debtors	300	300
Prepayments and accrued income	285,763	176,880
	4,443,992	2,187,693

9.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	1,124,006	1,875,402
Less: bank overdrafts	(488,124)	-
	635,882	1,875,402

10.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	488,124	-
Trade creditors	1,777,796	622,485
Amounts owed to group undertakings	1,002,936	1,084,388
Corporation tax	32,449	103,770
Other taxation and social security	417,518	179,478
Accruals and deferred income	585,735	414,690
	4,304,558	2,404,811

There is a cross guarantee and debenture in place between Calibre Services Group Limited, Gree UK Limited, LH plc, Klima-Therm and the bank.
There is a charge over the land and buildings at Weir Road to support this guarantee. This is owned by the ultimate parent company Calibre Services Group Limited.

Page 20

KLIMA-THERM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

11.	Provisions

		Other provision
		£

	At 1 January 2025	77,592
	Charged to profit or loss	(12,160)
	At 31 December 2025	65,432

Provision is made for the estimated future costs of warranties given in respect of product sales and services provided during the period.

12.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

80,000 (2024 - 80,000) Ordinary A shares shares of £1.00 each	80,000	80,000
20,000 (2024 - 20,000) Ordinary B shares shares of £1.00 each	20,000	20,000

	100,000	100,000

13.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £20,424 (2024: £20,599). Contributions totalling £Nil (2024: £Nil) were payable to the fund at the balance sheet date.

14.	Forward foregin exchange contracts

As at the year end the company agreed to purchase €Nil (2024: €509,367) at agreed rates post year end. The fair value of these contracts at the year end is not materially different compared to the value of forward exchange at the contract end date.

15.	Related party transactions
	The company has taken advantage of the exemption conferred by Financial Reporting Standard 102 not to disclose transactions with members of the group headed by Calibre Services Group Limited on the grounds that 100% of the voting rights in the company are controlled within that group.

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KLIMA-THERM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

16.	Controlling party

The company was under the control of LH Plc throughout the current year and previous year.
The ultimate holding company is Calibre Services Group Limited (registered in England and Wales).
The ultimate controlling party is the board of directors by virtue of its interest in Calibre Services Group Limited.
Calibre Services Group Limited produces consolidated accounts and these are publicly available at the following address:
42 Weir Road
Wimbledon
London
SW19 8UG

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