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REGISTERED NUMBER: 02913000 (England and Wales)

SMEDBO LIMITED

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2

SMEDBO LIMITED (REGISTERED NUMBER: 02913000)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

SMEDBO LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2025

| DIRECTORS: | H H M Holm

| P J Rampe

| SECRETARY: | H H M Holm

| REGISTERED OFFICE: | Unit 7 Neepsend Industrial Estate

| 80 Parkwood Road

| Sheffield

| South Yorkshire

| S3 8AG

| REGISTERED NUMBER: | 02913000 (England and Wales)

| AUDITORS: | Marriott Gibbs Rees Wallis Limited

| Statutory Auditor

| First Floor

| Unit 4, Broadfield Court

| Sheffield

| South Yorkshire

| S8 0XF

SMEDBO LIMITED (REGISTERED NUMBER: 02913000)

BALANCE SHEET

31ST DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,165 |  | 1,439 |  |

CURRENT ASSETS

Stocks | 74,252 |  | 92,687 |  |

Debtors | 5 | 170,074 |  | 129,207 |  |

Cash at bank | 82,809 |  | 161,826 |  |

327,135 |  | 383,720 |  |

CREDITORS

Amounts falling due within one year | 6 | (321,627 | ) | (316,886 | ) |

NET CURRENT ASSETS | 5,508 |  | 66,834 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,673 |  | 68,273 |  |

CAPITAL AND RESERVES

Called up share capital | 5,000 |  | 5,000 |  |

Capital redemption reserve | 200 |  | 200 |  |

Retained earnings | 2,473 |  | 63,073 |  |

7,673 |  | 68,273 |  |

SMEDBO LIMITED (REGISTERED NUMBER: 02913000)

BALANCE SHEET - continued

31ST DECEMBER 2025

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 29th June 2026 and were signed on its behalf by:

H H M Holm - Director

SMEDBO LIMITED (REGISTERED NUMBER: 02913000)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. | STATUTORY INFORMATION

| Smedbo 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.

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.

| Turnover

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

| 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 machinery etc | - | 15% on reducing balance

| Stocks

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

SMEDBO LIMITED (REGISTERED NUMBER: 02913000)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 5 ) .

SMEDBO LIMITED (REGISTERED NUMBER: 02913000)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1st January 2025 | 14,404 |  |

| Additions | 1,047 |  |

| At 31st December 2025 | 15,451 |  |

| DEPRECIATION

| At 1st January 2025 | 12,965 |  |

| Charge for year | 321 |  |

| At 31st December 2025 | 13,286 |  |

| NET BOOK VALUE

| At 31st December 2025 | 2,165 |  |

| At 31st December 2024 | 1,439 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 160,877 |  | 120,234 |  |

| Other debtors | 9,197 |  | 8,973 |  |

170,074 |  | 129,207 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 16,091 |  | 9,785 |  |

| Amounts owed to group undertakings | 231,172 |  | 233,647 |  |

| Taxation and social security | 57,879 |  | 54,191 |  |

| Other creditors | 16,485 |  | 19,263 |  |

321,627 |  | 316,886 |  |

SMEDBO LIMITED (REGISTERED NUMBER: 02913000)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

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

| The Report of the Auditors was unqualified.

| Tina Dawn Havenhand FCCA (Senior Statutory Auditor)

| for and on behalf of Marriott Gibbs Rees Wallis Limited

8. | ULTIMATE CONTROLLING PARTY

| The directors regard Smedbo Group AB (formerly Smedbo Invest AB), a company incorporated in Sweden, as both the immediate and ultimate parent company and the ultimate controlling party. The largest and smallest group in which the results of the company are consolidated is that headed by Smedbo Group AB (formerly Smedbo Invest AB). Copies of Smedbo Group AB (formerly Smedbo Invest AB) consolidated financial statements are available from c/o SMEDBO AB, BOX 13063, 250 13 Helsingborg, Skåne län, Sweden.

9. | GOING CONCERN

| Despite the performance reflected in the 2025, management are confident that the company will return to profitability in 2026.

| Smedbo Limited has obtained a signed letter of support from Smedbo AB, the parent company, who will continue to provide the necessary financial support for the foreseeable future, for a period of at least 12 months from the date of approving the financial statements.

| As such, the management are confident that the business will continue as a going concern.