IRIS Accounts Production v26.2.0.496 00964668 Board of Directors 1.1.25 31.12.25 31.12.25 the manufacture of other plastic products. true false true true false false true true true true true true true true true false false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary shares 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 00964668 2024-12-31 00964668 2025-12-31 00964668 2025-01-01 2025-12-31 00964668 2023-12-31 00964668 2024-01-01 2024-12-31 00964668 2024-12-31 00964668 ns15:EnglandWales 2025-01-01 2025-12-31 00964668 ns14:PoundSterling 2025-01-01 2025-12-31 00964668 ns10:Director1 2025-01-01 2025-12-31 00964668 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 00964668 ns10:FRS101 2025-01-01 2025-12-31 00964668 ns10:Audited 2025-01-01 2025-12-31 00964668 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 00964668 ns10:Medium-sizedCompaniesRegimeForAccounts 2025-01-01 2025-12-31 00964668 ns10:FullAccounts 2025-01-01 2025-12-31 00964668 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 00964668 ns10:Director2 2025-01-01 2025-12-31 00964668 ns10:Director3 2025-01-01 2025-12-31 00964668 ns10:Director4 2025-01-01 2025-12-31 00964668 ns10:CompanySecretary1 2025-01-01 2025-12-31 00964668 ns10:RegisteredOffice 2025-01-01 2025-12-31 00964668 ns5:CurrentFinancialInstruments 2025-12-31 00964668 ns5:CurrentFinancialInstruments 2024-12-31 00964668 ns5:Non-currentFinancialInstruments 2025-12-31 00964668 ns5:Non-currentFinancialInstruments 2024-12-31 00964668 ns5:ShareCapital 2025-12-31 00964668 ns5:ShareCapital 2024-12-31 00964668 ns5:SharePremium 2025-12-31 00964668 ns5:SharePremium 2024-12-31 00964668 ns5:RevaluationReserve 2025-12-31 00964668 ns5:RevaluationReserve 2024-12-31 00964668 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-12-31 00964668 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 00964668 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 00964668 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 00964668 ns5:ShareCapital 2023-12-31 00964668 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 00964668 ns5:SharePremium 2023-12-31 00964668 ns5:ShareCapital 2024-01-01 2024-12-31 00964668 ns5:SharePremium 2024-01-01 2024-12-31 00964668 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 00964668 ns5:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 00964668 ns5:RevaluationReserve 2023-12-31 00964668 ns5:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 00964668 ns5:RevaluationReserve 2024-01-01 2024-12-31 00964668 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-01-01 2024-12-31 00964668 ns5:RevaluationReserve 2025-01-01 2025-12-31 00964668 1 2025-01-01 2025-12-31 00964668 ns5:OwnedAssets 2025-01-01 2025-12-31 00964668 ns5:OwnedAssets 2024-01-01 2024-12-31 00964668 ns5:LandBuildings 2024-12-31 00964668 ns5:PlantMachinery 2024-12-31 00964668 ns5:LandBuildings 2025-01-01 2025-12-31 00964668 ns5:PlantMachinery 2025-01-01 2025-12-31 00964668 ns5:LandBuildings 2025-12-31 00964668 ns5:PlantMachinery 2025-12-31 00964668 ns5:LandBuildings 2024-12-31 00964668 ns5:PlantMachinery 2024-12-31 00964668 ns5:CurrentFinancialInstruments 2025-01-01 2025-12-31 00964668 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 00964668 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 00964668 ns10:OrdinaryShareClass1 2025-12-31

REGISTERED NUMBER: 00964668 (England and Wales)

| STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| WEENER PLASTICS NORWICH LTD. |

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Statement of Directors' Responsibilities | 4 |

| Report of the Independent Auditors | 5 |

| Statement of Comprehensive Income | 9 |

| Balance Sheet | 10 |

| Statement of Changes in Equity | 11 |

| Notes to the Financial Statements | 12 |

| WEENER PLASTICS NORWICH LTD. |

COMPANY INFORMATION

for the year ended 31 December 2025

| DIRECTORS: | Mr P McGurk

| Mr A Gualdi

| Mr H A Mennink

| SECRETARY: | Mr P McGurk

| REGISTERED OFFICE: | Stanford Tuck Road

| North Walsham

| Norfolk

| NR28 0TY

| REGISTERED NUMBER: | 00964668 (England and Wales)

| AUDITORS: | Sexty & Co

| Chartered Certified Accountants

| & Statutory Auditor

| 124 Thorpe Road

| Norwich

| Norfolk

| NR1 1RS

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

STRATEGIC REPORT

for the year ended 31 December 2025

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

The principal activity of the company during the year was the production of plastic goods by injection moulding.

The company’s key financial indicators during the year were as follows:-

| 2025 |  | 2024 |

| £ |  | £ |

Turnover |  | 23,521,890 |  | 22,585,190 |

Operating profit/(loss) |  | 1,750,006 |  | 1,055,960 |

Profit/(Loss) after tax |  | 1,601,908 |  | 767,728 |

Shareholders' funds |  | 5,278,530 |  | 3,676,622 |

Turnover has increased by £936,700 during the year. This is the result of business growth within a key client. The turnover growth, coupled with a decrease in resin costs and energy costs in 2025, has been reflected in the £1,846,644 improvement in gross profit compared to 2024.

This has resulted in an increase of £834,180 in net profit for the year, despite an increase in administrative costs of £621,266 which is predominantly due an increase in wage costs, following the increase in employer's national insurance costs.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties facing the company are broadly grouped as - competitive, legislative and financial instrument risk.

Competitive risks

The company operates in an open market but has not identified any significant changes to its present environment that would necessitate any revisions to its established business strategies.

Legislative risks

The company is not aware of any existing or impending legislation that may have an impact on future trading operations.

Financial instrument risks

The company has established a risk and financial management framework whose primary objectives are to protect the company from events that hinder the achievement of performance objectives. The objectives aim to limit undue counterparty exposure, ensure sufficient working capital exists and monitor the management of risk at a business unit level.

ON BEHALF OF THE BOARD:

Mr P McGurk - Director

18 August 2026

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

REPORT OF THE DIRECTORS

for the year ended 31 December 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

FUTURE DEVELOPMENTS

Strategic direction will be maintained with a focus on continuous improvement in operational excellence, sustainability and corporate social responsibility, and the proposed investment plan to support this strategy will focus on increased efficiency of plant and equipment.

The Weener Plastics Group continues to target new business development to sustain growth and strengthen the portfolio in the UK. Turnover is expected to rise year on year by 7%.

DIRECTORS

Mr P McGurk has held office during the whole of the period from 1 January 2025 to the date of this report.

Other changes in directors holding office are as follows:

Mr A Gualdi - appointed 12 September 2025

Mr H A Mennink - appointed 12 September 2025

FINANCIAL INSTRUMENTS

Credit risk is the risk that one party to a financial instrument will cause a financial loss for that other party by failing to discharge an obligation. Company policies are aimed at minimising such losses, and require that deferred terms are only granted to customers who demonstrate an appropriate payment history and satisfy credit worthiness procedures.

Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities. The company aims to mitigate liquidity risk by managing cash generation by its operations, applying cash collection targets and ensuring that sufficient funds are available to meet amounts due.

GOING CONCERN

The financial statements have been prepared on a going concern basis which assumes that the company will continue to have sufficient funds to operate and to meet its liabilities and obligations for the foreseeable future. At the year end the company had net current assets of £4,977,088 (2024 net current liabilities £2,459,129)

The company continues to receive support from Weener Plastics Holding BV (its ultimate parent undertaking) and they will continue to provide financial support to the company to assist it in meeting its liabilities as and when they become due, but only to the extent that money is not otherwise available to the company to meet such liabilities. Therefore the directors have prepared the financial statements on a going concern basis.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr P McGurk - Director

18 August 2026

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

STATEMENT OF DIRECTORS' RESPONSIBILITIES

for the year ended 31 December 2025

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 and then apply them consistently;

- | make judgements 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 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

WEENER PLASTICS NORWICH LTD.

Opinion

We have audited the financial statements of Weener Plastics Norwich Ltd. (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, 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 101 'Reduced Disclosure Framework' (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 UK, including the FRC'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.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report, the Report of the Directors and the Statement of Directors' Responsibilities, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

WEENER PLASTICS NORWICH LTD.

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 Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, 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 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

WEENER PLASTICS NORWICH LTD.

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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We consider our approach to be reasonable for this entity.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain

professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or

error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is

sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material

misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve

collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are

appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of

the company's internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates

and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based

on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that

may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a

material uncertainty exists, we are required to draw attention in our Report of the Auditors to the related

disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our

conclusions are based on the audit evidence obtained up to the date of our Report of the Auditors.

However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the

disclosures, and whether the financial statements represent the underlying transactions and events in a

manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope

and timing of the audit and significant

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 Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

WEENER PLASTICS NORWICH LTD.

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 a Report of the Auditors 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.

A M Orves (Senior Statutory Auditor)

for and on behalf of Sexty & Co

Chartered Certified Accountants

& Statutory Auditor

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

18 August 2026

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

STATEMENT OF COMPREHENSIVE

INCOME

for the year ended 31 December 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

TURNOVER | 23,521,890 |  | 22,585,190 |  |

Cost of sales | 17,357,723 |  | 18,267,667 |  |

GROSS PROFIT | 6,164,167 |  | 4,317,523 |  |

Distribution costs | 423,567 |  | 390,841 |  |

Administrative expenses | 3,990,594 |  | 2,870,722 |  |

|  |  | 4,414,161 |  |  |  |  | 3,261,563 |  |

OPERATING PROFIT | 1,750,006 |  | 1,055,960 |  |

Interest payable and similar expenses | 4 | 148,098 |  | 288,232 |  |

PROFIT BEFORE TAXATION | 5 | 1,601,908 |  | 767,728 |  |

Tax on profit | 7 | - |  | - |  |

PROFIT FOR THE FINANCIAL YEAR | 1,601,908 |  | 767,728 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,601,908 |  | 767,728 |  |

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

BALANCE SHEET

31 December 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Owned

| Tangible assets | 8 | 5,215,881 |  | 6,223,032 |  |

Right-of-use

| Tangible assets | 8, 14 | - |  | - |  |

5,215,881 |  | 6,223,032 |  |

CURRENT ASSETS

Stocks | 9 | 1,554,346 |  | 1,634,397 |  |

Debtors | 10 | 4,058,665 |  | 3,339,501 |  |

Cash at bank | 3,778,170 |  | - |  |

9,391,181 |  | 4,973,898 |  |

CREDITORS

Amounts falling due within one year | 11 | 4,414,093 |  | 7,433,027 |  |

NET CURRENT ASSETS/(LIABILITIES) | 4,977,088 |  | (2,459,129 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 10,192,969 |  | 3,763,903 |  |

CREDITORS

Amounts falling due after more than one year | 12 | 4,914,439 |  | 87,281 |  |

NET ASSETS | 5,278,530 |  | 3,676,622 |  |

CAPITAL AND RESERVES

Called up share capital | 15 | 5,851 |  | 5,851 |  |

Share premium | 16 | 74,851 |  | 74,851 |  |

Revaluation reserve | 16 | 107,420 |  | 133,267 |  |

Other reserves | 16 | 14,478,126 |  | 14,478,126 |  |

Retained earnings | 16 | (9,387,718 | ) | (11,015,473 | ) |

SHAREHOLDERS' FUNDS | 5,278,530 |  | 3,676,622 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

Mr P McGurk - Director

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

STATEMENT OF CHANGES IN EQUITY

for the year ended 31 December 2025

Called up |  |

share | Retained | Share |

capital | earnings | premium |

| £ | £ | £

Balance at 1 January 2024 | 5,850 |  | (11,809,048 | ) | - |  |

Changes in equity

Issue of share capital | 1 |  | - |  | 74,851 |  |

Total comprehensive income | - |  | 767,728 |  | - |  |

Revaluation transfer | - |  | 25,847 |  | - |  |

Balance at 31 December 2024 | 5,851 |  | (11,015,473 | ) | 74,851 |  |

Changes in equity

Total comprehensive income | - |  | 1,601,908 |  | - |  |

Revaluation transfer | - |  | 25,847 |  | - |  |

Balance at 31 December 2025 | 5,851 |  | (9,387,718 | ) | 74,851 |  |

Revaluation | Other | Total |

reserve | reserves | equity |

| £ | £ | £

Balance at 1 January 2024 | 159,114 |  | 14,478,126 |  | 2,834,042 |  |

Changes in equity

Issue of share capital | - |  | - |  | 74,852 |  |

Total comprehensive income | - |  | - |  | 767,728 |  |

Revaluation transfer | (25,847 | ) | - |  | - |  |

Balance at 31 December 2024 | 133,267 |  | 14,478,126 |  | 3,676,622 |  |

Changes in equity

Total comprehensive income | - |  | - |  | 1,601,908 |  |

Revaluation transfer | (25,847 | ) | - |  | - |  |

Balance at 31 December 2025 | 107,420 |  | 14,478,126 |  | 5,278,530 |  |

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2025

1. | AUTHORISATION OF FINANCIAL STATEMENTS AND STATEMENT OF COMPLIANCE

| Weener Plastics Norwich Ltd is a private company limited by shares and incorporated in England, United Kingdom . The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities are set out in the strategic report on page 2.

| The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

| 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 preparation

| These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

| • | the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources;

| • | the requirements of IFRS 7 Financial Instruments: Disclosures;

| • | the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;

| • | the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases;

| the requirements of paragraph 58 of IFRS 16;

| • | the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers;

| • | the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative information in respect of:

| - | paragraphs 53(a), (h) and (j) of IFRS 16;

| - | paragraph 79(a)(iv) of IAS 1; and

| - | paragraph 73(e) of IAS 16 Property, Plant and Equipment;

| • | the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to 136 of IAS 1;

| • | the requirements of

| - | paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

| - | paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

| • | the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors;

| • | the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;

| • | the requirements of paragraph 74(b) of IAS 16;

| • | the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;

| • | the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group;

| • | the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

| Judgements and key sources of estimation uncertainty

| The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Operating lease commitments

| The company has entered into equipment leases as a lessee. The classification of such leases as operating or finance leases requires the company to determine, based on an evaluation of the terms and conditions of the arrangements, whether it retains or acquires the significant risks and rewards of ownership of these assets and accordingly whether the lease requires an asset and liability to be recognised in the balance sheet.

| Turnover

| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods.

| Interest income is recognised as interest accrues using the effective interest method.

| Tangible fixed assets

| Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

| Freehold property |  | 19 years |  |

| Property improvements |  | 10 years |  |

| Plant and equipment |  | 3 to 10 years |  |

| The carrying values of tangible fixed assets are reviewed for impairment on an annual basis.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Finished goods are valued on the basis of direct costs plus attributable overheads based on normal levels of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the value of finished goods.

| Taxation

| Current tax assets and liabilities are measured at the amount expected to be recovered from or

| paid to the taxation authorities, based on tax rates and laws that are enacted or substantively enacted by the balance sheet date.

| Income tax is charged or credited to other comprehensive income if it relates to items that are charged or credited to other comprehensive income. Similarly, income tax is charged or credited directly to equity if it relates to items that are credited or charged directly to equity. Otherwise income tax is recognised in the income statement.

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or receive more tax, with the following exceptions:

| Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

| Deferred tax is measured on a undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Debtors and creditors receivable / payable within one year

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

| Loans and borrowings

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

| Foreign currencies

| Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

| Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

| Leases

| Leases are recognised as finance leases. The lease liability is initially recognised at the present value of the lease payments which have not yet been made and subsequently measured under the amortised cost method. The initial cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, lease payments made prior to the lease commencement date, initial direct costs and the estimated costs of removing or dismantling the underlying asset per the conditions of the contract.

| Where ownership of the right-of-use asset transfers to the lessee at the end of the lease term, the right-of-use asset is depreciated over the asset’s remaining useful life. If ownership of the right-of-use asset does not transfer to the lessee at the end of the lease term, depreciation is charged over the shorter of the useful life of the right-of-use asset and the lease term.

| Employee benefit costs

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

| Leasing commitments

| The annual rentals due on operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

3. | EMPLOYEES AND DIRECTORS

2025 | 2024 |

| £ | £

| Wages and salaries | 3,488,874 |  | 3,008,149 |  |

| Social security costs | 471,737 |  | 378,693 |  |

| Other pension costs | 167,185 |  | 126,983 |  |

4,127,796 |  | 3,513,825 |  |

| The average number of employees during the year was as follows:

2025 | 2024 |

| Administration staff | 5 |  | 7 |  |

| Production staff | 84 |  | 74 |  |

89 |  | 81 |  |

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

3. | EMPLOYEES AND DIRECTORS - continued

| One of the directors is employed by the company's parent undertaking. A management fee of £652,032 (2024 £621,906) has been charged by the company's parent undertaking.

2025 | 2024 |

| £ | £

| Directors' remuneration | 142,392 |  | 129,627 |  |

| Directors' pension contributions to money purchase schemes | 11,410 |  | 11,078 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 1 |  | 1 |  |

4. | INTEREST PAYABLE AND SIMILAR EXPENSES |

2025 | 2024 |

| £ | £

| Interest on group loans | 148,098 |  | 288,232 |  |

5. | PROFIT BEFORE TAXATION

| The profit before taxation is stated after charging/(crediting):

2025 | 2024 |

| £ | £

| Cost of inventories recognised as expense | 17,357,723 |  | 18,267,667 |  |

| Depreciation - owned assets | 1,259,673 |  | 1,427,970 |  |

| Foreign exchange differences | 78,724 |  | (194,535 | ) |

6. | AUDITORS' REMUNERATION

2025 | 2024 |

| £ | £

| Fees payable to the company's auditors for the audit of the company's financial statements | 21,286 |  | 19,640 |  |

| Provision for fees payable to the company's current auditors for the audit of the financial statements |  | 24,000 |  | 20,000 |  |

7. | TAXATION

| Analysis of tax expense

| No liability to UK corporation tax arose for the year ended 31 December 2025 nor for the year ended 31 December 2024.

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

7. | TAXATION - continued

| Factors affecting the tax expense

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025 | 2024 |

| £ | £

| Profit before income tax | 1,601,908 |  | 767,728 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 400,477 |  | 191,932 |  |

| Effects of:

| Depreciation in excess of capital allowances | 26,679 |  | (31,129 | ) |

| deductible for tax purposes |

| differences |

| Utilization of tax losses | (427,156 | ) | (160,803 | ) |

| recoverable deferred tax asset |

| Tax expense | - |  | - |  |

8. | TANGIBLE FIXED ASSETS

Freehold | Plant and |

property | machinery | Totals |

| £ | £ | £

| COST

| At 1 January 2025 | 2,753,270 |  | 27,554,508 |  | 30,307,778 |  |

| Additions | 8,016 |  | 809,882 |  | 817,898 |  |

| Disposals | - |  | (630,450 | ) | (630,450 | ) |

| At 31 December 2025 | 2,761,286 |  | 27,733,940 |  | 30,495,226 |  |

| DEPRECIATION

| At 1 January 2025 | 1,508,539 |  | 22,576,207 |  | 24,084,746 |  |

| Charge for year | 65,738 |  | 1,193,935 |  | 1,259,673 |  |

| Eliminated on disposal | - |  | (65,074 | ) | (65,074 | ) |

| At 31 December 2025 | 1,574,277 |  | 23,705,068 |  | 25,279,345 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1,187,009 |  | 4,028,872 |  | 5,215,881 |  |

| At 31 December 2024 | 1,244,731 |  | 4,978,301 |  | 6,223,032 |  |

| Included in freehold property is £200,000 (2024 £200,000) relating to the estimated value of freehold land that is not depreciated.

9. | STOCKS

2025 | 2024 |

| £ | £

| Raw materials | 739,169 |  | 751,904 |  |

| Finished goods | 815,177 |  | 882,493 |  |

1,554,346 |  | 1,634,397 |  |

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade debtors | 3,564,366 |  | 2,949,820 |  |

| Other debtors | 91,471 |  | 15,736 |  |

| Amounts owed by parent undertakings | - |  | 86,232 |  |

| Prepayments and accrued income | 402,828 |  | 287,713 |  |

4,058,665 |  | 3,339,501 |  |

11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts (see note 13) | - |  | 4,191,374 |  |

| Leases (see note 13) | 56,250 |  | 56,250 |  |

| Trade creditors | 3,092,892 |  | 2,027,921 |  |

| Social security and other taxes | 112,176 |  | 109,127 |  |

| VAT | 502,629 |  | 300,048 |  |

| Amounts owed to parent undertakings | - |  | 3,962 |  |

| Accruals and deferred income | 650,146 |  | 744,345 |  |

4,414,093 |  | 7,433,027 |  |

| Included within trade creditors are amounts owed to parent undertakings of £Nil (2024 £385,496).

12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

| £ | £

| Leases (see note 13) | 31,031 |  | 87,281 |  |

| Other creditors | 4,883,408 |  | - |  |

4,914,439 |  | 87,281 |  |

| Other creditors represents an intercompany long-term loan from Weener Plastics Group BV of £4,883,408 (2024 £Nil) The loan agreement states that the loan will be paid in full by 31 December 2027.

13. | FINANCIAL LIABILITIES - BORROWINGS |

2025 | 2024 |

| £ | £

| Current:

| Bank overdrafts | - |  | 4,191,374 |  |

| Leases (see note 14) | 56,250 |  | 56,250 |  |

56,250 |  | 4,247,624 |  |

| Non-current:

| Leases (see note 14) | 31,031 |  | 87,281 |  |

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

13. | FINANCIAL LIABILITIES - BORROWINGS - continued

| Terms and debt repayment schedule

1 year or |

less | 1-2 years | Totals |

| £ | £ | £

| Leases | 56,250 |  | 31,031 |  | 87,281 |  |

14. | LEASING

| Right-of-use assets

| Tangible fixed assets

2025 | 2024 |

| £ | £

| COST

| At 1 January 2025 | 104,922 |  | 104,922 |  |

| DEPRECIATION

| At 1 January 2025 | 104,922 |  | 104,922 |  |

| NET BOOK VALUE | - |  | - |  |

| Lease liabilities

| Minimum lease payments fall due as follows:

2025 | 2024 |

| £ | £

| Gross obligations repayable:

| Within one year | 56,250 |  | 56,250 |  |

| Between one and five years | 31,031 |  | 87,281 |  |

87,281 |  | 143,531 |  |

| Finance charges repayable:

| Net obligations repayable:

| Within one year | 56,250 |  | 56,250 |  |

| Between one and five years | 31,031 |  | 87,281 |  |

87,281 |  | 143,531 |  |

WEENER PLASTICS NORWICH LTD. (REGISTERED NUMBER: 00964668) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

15. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 5,850 | Ordinary shares | £1 | 5,851 |  | 5,851 |  |

16. | RESERVES

| Retained earnings

| Retained earnings represents cumulative profits and losses net of dividends and other adjustments.

| Share Premium

| The share premium account represents the excess received over the nominal value of shares issued and is a non-distributable reserve.

| Revaluation reserve

| The revaluation reserve represents the cumulate effect of revaluations of tangible fixed assets where a policy of revaluation has been adopted.

| Other Reserve

| Other reserves relate to the capitalisation of group loans.

17. | PENSION COMMITMENTS

| The company operates a defined contribution pension plan for its employees. The amount recognised as an expense in the year was £167,185 (2024 £126,983).

18. | ULTIMATE PARENT COMPANY

| The company's immediate parent undertaking is Weener Plastik Beteiligungs GmbH, a company incorporated in Germany.

| The company has been included in the group financial statements of its immediate parent undertaking. These financial statements are available from Weener Plastik Beteiligungs GmbH, Industriestrasse 1, 26826 Weener, Germany.

| The company's ultimate parent undertaking and controlling party is Weener Plastics Holding BV (previously Klara Holdco BV) a company incorporated in the Netherlands. This is the largest group in which the results of the company for the year ended 31 December 2021 are included. Copies of that company's financial statements are available from that company at Frankeneng 53, 6716 AA Ede, Netherlands

19. | RELATED PARTY DISCLOSURES

| The company has taken advantage of the exemption under paragraph 8(k) of FRS 101 not to disclose transactions with its parent and fellow wholly owned subsidiaries.

| No other transactions with related parties were undertaken during the year.