REGISTERED NUMBER: 07007438 (England and Wales)

Five Fingers (Holdings) Limited

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 30 November 2025

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Cash Flow Statement

16

Notes to the Consolidated Cash Flow Statement

17

Notes to the Consolidated Financial Statements

18

DIRECTORS:

Mr T L Finger

Mr P Jones

Mr P A R Hadley

REGISTERED OFFICE:

Unit 1d

Hawthorn Estate

Avis Way

Newhaven

East Sussex

BN9 0DJ

REGISTERED NUMBER:

07007438 (England and Wales)

AUDITORS:

Swindells LLP

Chartered Accountants

and Statutory Auditor

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

The directors present their strategic report of the company and the group for the year ended 30 November 2025.

REVIEW OF BUSINESS

The directors are pleased with the result of the group for the year, although turnover has decrease in comparison to the previous year the margins remain strong and consistent with last year.

The group continues to invest in the design and development of its products and leads the way in desking technologies. The directors regard the investment in research and development as integral to the continued success of the business and ensuring the customers are provided with a product range and customer service of the highest quality and specification.

Research and development activity continues to be very busy, with the group looking to introduce new products to satisfy new work trends, including the ongoing provision of mobile desking/floor boxes to facilitate rapid moves and changes.

2026 is looking strong in terms of orders secured in both the UK and APAC regions.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and execution of the group's strategy are subject to the following risks:

Foreign currency risk

A key business risk affecting the group is foreign exchange exposure. The group protects itself against this risk by taking out forward exchange contracts over a number of currencies.

Availability of suitable raw materials

The group continues to develop its Asian supply chain in order to be able to respond quickly to client demands and to improve the group's carbon footprint.

We continue to see severe shipping disruptions impacting our overseas projects. To mitigate this, we build and ship projects earlier to meet delivery deadlines.

Price risk

Consequences of the various geopolitical events around the world are leading to unprecedented price increases affecting all areas of the business including materials, energy, insurance and property rentals.

The group is constantly looking at design/manufacturing improvements to mitigate the impact of the steep cost increases.

KEY PERFORMANCE INDICATORS

The board and the management team monitor the performance of the business by utilising a number of key performance indicators:

2025

2024

2023

Turnover

£16,836,690

£21,252,845

£15,629,427

Sales growth

(21%

)

36%

(22%

)

Gross margin

£8,634,734

£11,136,596

£7,458,825

Gross margin %

51%

52%

48%

ON BEHALF OF THE BOARD:

Mr P A R Hadley - Director

31 July 2026

The directors present their report with the financial statements of the company and the group for the year ended 30 November 2025.

In accordance with s414c of the Companies Act, the company has set out information regarding principal risks and uncertainties, a fair review of the business and key performance indicators in the strategic report, that would otherwise have been set out in the directors' report.

PRINCIPAL ACTIVITIES

The principal activity of the company during the period was that of a holding company to the group. The principal activity of the group is the manufacture of specialised bank and control room furniture.

DIVIDENDS

The total distribution of dividends for the year ended 30 November 2025 will be £4,571,513 (2024: £5,446,242).

FUTURE DEVELOPMENTS

The directors aim to continue to build upon the success of the SBFI product range and to increase the group's share in the global market in financial and control room furniture.

DIRECTORS

Mr T L Finger has held office during the whole of the period from 1 December 2024 to the date of this report.

Other changes in directors holding office are as follows:

Mr P Jones and Mr P A R Hadley were appointed as directors after 30 November 2025 but prior to the date of this report.

Mr S M Finch and Mr A F Hynd ceased to be directors after 30 November 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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), 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 group'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 group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr P A R Hadley - Director

31 July 2026

Opinion

We have audited the financial statements of Five Fingers (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 November 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 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 group's and of the parent company affairs as at 30 November 2025 and of the group's 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 group 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 group's and the parent 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 Group Strategic Report and the Report of the Directors, 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 Group 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 Group Strategic Report and the Report of the Directors have 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 pages four and five, 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 group's and the parent 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 group or the parent 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 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.

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:

-

the group's internal controls have been discussed with management and understood prior to our audit testing. Internal controls have been tested through walkthrough testing, to assess whether controls are adequate, whether they are being followed, and whether irregularities and fraud are prevented.

-

deficiencies in internal controls have been highlighted and explained to management, along with recommendations as to how deficiencies can be improved and the risk of irregularity and fraud occurrence minimised.

-

representations have been provided by management that there were no identified cases of fraud or instances of non-compliance during or since the accounting period.

-

substantive testing has been carried out to test the validity of transactions, with entries in the accounting system vouched to corresponding third party documentation and evidence of appropriate authorisation.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

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.

Melanie Richardson BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Swindells LLP

Chartered Accountants

and Statutory Auditor

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

25 August 2026

TURNOVER

3

16,836,690

21,252,845

Cost of sales

8,201,957

10,116,249

GROSS PROFIT

8,634,733

11,136,596

Administrative expenses

4,510,793

4,514,301

OPERATING PROFIT

5

4,123,940

6,622,295

Interest receivable and similar income

137,718

251,571

4,261,658

6,873,866

Fair value gains/(losses) on foreign exchange contracts

2,011

(22,607

)

4,263,669

6,851,259

Interest payable and similar expenses

7

47,609

11,161

PROFIT BEFORE TAXATION

4,216,060

6,840,098

Tax on profit

8

1,058,017

1,519,124

PROFIT FOR THE FINANCIAL YEAR

3,158,043

5,320,974

Profit attributable to:

Owners of the parent

3,158,043

5,320,974

PROFIT FOR THE YEAR

3,158,043

5,320,974

OTHER COMPREHENSIVE INCOME

Currency translation differences

(33,339

)

(83,389

)

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

(33,339

)

(83,389

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

3,124,704

5,237,585

Total comprehensive income attributable to:

Owners of the parent

3,124,704

5,237,585

FIXED ASSETS

Intangible assets

11

388,384

490,893

Tangible assets

12

1,230,575

1,403,652

Investments

13

-

-

1,618,959

1,894,545

CURRENT ASSETS

Stocks

14

2,155,113

1,961,479

Debtors

15

2,704,365

3,047,548

Cash at bank and in hand

7,421,263

10,026,077

12,280,741

15,035,104

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

16

4,008,603

5,554,471

NET CURRENT ASSETS

8,272,138

9,480,633

TOTAL ASSETS LESS CURRENT LIABILITIES

9,891,097

11,375,178

PROVISIONS FOR LIABILITIES

19

142,744

180,016

NET ASSETS

9,748,353

11,195,162

CAPITAL AND RESERVES

Called up share capital

20

828,267

828,267

Retained earnings

21

8,920,086

10,366,895

SHAREHOLDERS' FUNDS

9,748,353

11,195,162

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr P A R Hadley - Director

Mr P Jones - Director

FIXED ASSETS

Intangible assets

11

-

-

Tangible assets

12

-

-

Investments

13

3,959,618

3,959,618

3,959,618

3,959,618

CURRENT ASSETS

Cash at bank

22,271

22,733

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

16

3,133,769

3,133,769

NET CURRENT LIABILITIES

(3,111,498

)

(3,111,036

)

TOTAL ASSETS LESS CURRENT LIABILITIES

848,120

848,582

CAPITAL AND RESERVES

Called up share capital

20

828,267

828,267

Retained earnings

21

19,853

20,315

SHAREHOLDERS' FUNDS

848,120

848,582

Company's profit for the financial year

4,571,051

5,446,137

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr P A R Hadley - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 December 2023

828,267

10,575,552

11,403,819

Changes in equity

Dividends

-

(5,446,242

)

(5,446,242

)

Total comprehensive income

-

5,237,585

5,237,585

Balance at 30 November 2024

828,267

10,366,895

11,195,162

Changes in equity

Dividends

-

(4,571,513

)

(4,571,513

)

Total comprehensive income

-

3,124,704

3,124,704

Balance at 30 November 2025

828,267

8,920,086

9,748,353

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 December 2023

828,267

20,420

848,687

Changes in equity

Dividends

-

(5,446,242

)

(5,446,242

)

Total comprehensive income

-

5,446,137

5,446,137

Balance at 30 November 2024

828,267

20,315

848,582

Changes in equity

Dividends

-

(4,571,513

)

(4,571,513

)

Total comprehensive income

-

4,571,051

4,571,051

Balance at 30 November 2025

828,267

19,853

848,120

Cash flows from operating activities

Cash generated from operations

1

3,913,632

6,112,411

Interest paid

(47,609

)

(11,161

)

Tax paid

(1,987,099

)

(1,053,782

)

Net cash from operating activities

1,878,924

5,047,468

Cash flows from investing activities

Purchase of tangible fixed assets

(17,567

)

(461,928

)

Sale of tangible fixed assets

963

4,168

Interest received

137,718

251,571

Net cash from investing activities

121,114

(206,189

)

Cash flows from financing activities

Equity dividends paid

(4,571,513

)

(5,446,242

)

Net cash from financing activities

(4,571,513

)

(5,446,242

)

Decrease in cash and cash equivalents

(2,571,475

)

(604,963

)

Cash and cash equivalents at beginning of year

2

10,026,077

10,714,429

Effect of foreign exchange rate changes

(33,339

)

(83,389

)

Cash and cash equivalents at end of year

2

7,421,263

10,026,077

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

4,216,060

6,840,098

Depreciation charges

292,584

217,771

Profit on disposal of fixed assets

(500

)

(4,168

)

Finance costs

47,609

11,161

Finance income

(137,718

)

(251,571

)

4,418,035

6,813,291

(Increase)/decrease in stocks

(193,634

)

650,879

Decrease in trade and other debtors

343,369

840

Decrease in trade and other creditors

(654,138

)

(1,352,599

)

Cash generated from operations

3,913,632

6,112,411

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 November 2025

30.11.25

1.12.24

£

£

Cash and cash equivalents

7,421,263

10,026,077

Year ended 30 November 2024

30.11.24

1.12.23

£

£

Cash and cash equivalents

10,026,077

10,714,429

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.12.24

Cash flow

At 30.11.25

£

£

£

Net cash

Cash at bank and in hand

10,026,077

(2,604,814

)

7,421,263

10,026,077

(2,604,814

)

7,421,263

Total

10,026,077

(2,604,814

)

7,421,263

1.	STATUTORY INFORMATION

Five Fingers (Holdings) 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

-

Section 4 ‘Statement of Financial Position’ - Reconciliation of the opening and closing number of shares;

-

Section 7 ‘Statement of Cash Flows’ - Presentation of a statement of cash flow and related notes and disclosures;

-

Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’ - Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

-

Section 33 ‘Related Party Disclosures’ -Compensation for key management personnel.

Basis of consolidation

The consolidated financial statements incorporate the financial statements of the company and its subsidiary undertakings.

Subsidiaries are all entities over which the company has the power to govern the financial and operating policies generally accompanying a shareholding of more than one half of the voting rights. Subsidiaries are fully consolidated from the date on which this power is transferred to the company.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Significant judgements and estimates

In the application of the group's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount 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.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:

Stock provision

Stocks are valued at the lower of cost and net realisable value. Net realisable value includes where necessary, provisions for slow moving and obsolete stocks. Calculation of these provisions requires judgements to be made which include forecasts of consumer demand and the promotional, competitive and economic environment.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities is as follows:

Warranties

The warranty provision is made based on best estimates of future cash outflows in respect of those products still within the warranty period at the year end, based on previous claims by customers and current sales volumes.

Provision is made for liabilities arising in respect of expected warranty claims on warranties provided in conjunction with the sale of goods.

Turnover

Turnover is recognised net of VAT at the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of business. Fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Sale of goods is recognised when the group's goods have been installed at the customer's premises and have been accepted by the client.

In the case of long term contracts, credit is taken appropriate to the stage of completion when the outcome of the contract can be measured with reasonable certainty.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

33% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the assets and is credited or charged to profit or loss.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.