REGISTERED NUMBER: 10661807 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Dark Armour Ltd

Page

Statement of Financial Position

1

Statement of Changes in Equity

3

Notes to the Financial Statements

4

CURRENT ASSETS

Debtors

4

154,696

142,126

Cash at bank

3,629

5,789

158,325

147,915

CREDITORS

Amounts falling due within one year

5

864,462

858,062

NET CURRENT LIABILITIES

(706,137

)

(710,147

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(706,137

)

(710,147

)

CREDITORS

Amounts falling due after more than one year

6

19,437

18,255

NET LIABILITIES

(725,574

)

(728,402

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(725,674

)

(728,502

)

SHAREHOLDERS' FUNDS

(725,574

)

(728,402

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 28 August 2026 and were signed by:

Mr S J Green - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 December 2023

100

(839,089

)

(838,989

)

Changes in equity

Total comprehensive income

-

110,587

110,587

Balance at 30 November 2024

100

(728,502

)

(728,402

)

Changes in equity

Total comprehensive income

-

2,828

2,828

Balance at 30 November 2025

100

(725,674

)

(725,574

)

1.	STATUTORY INFORMATION

Dark Armour Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10661807

Registered office:

3B Castle Court

Warwick Road

Fairfield Industrial Estate

Louth

LN11 0YB

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" 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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to or from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset it it were to be sold at the reporting date. Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Going concern

During the year ended 30 November 2025, the company recorded a profit before tax of £2,828 (2024: profit before tax of £33,900) and at that date its liabilities exceeded its assets by £725,574 (2024: net liabilities of £728,402). The company is reliant upon the ongoing support of its director, external creditors and group companies to be able to meet its liabilities as they fall due. This support includes not demanding the repayment of outstanding liabilities and advancing new loans when required. On the basis of his review of forecasts and available data, the director considers the going concern basis of accounting to be appropriate for the business and in these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade debtors

3,822

4,109

Amounts owed by group undertakings

8,900

-

VAT

135,799

138,017

Prepayments

6,175

-

154,696

142,126

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans and overdrafts

7,283

7,717

Trade creditors

5,661

18,412

Amounts owed to group undertakings

851,368

831,783

Directors' current accounts

150

150

864,462

858,062

The balance due to the Director represents formation costs incurred on behalf of the Company, it is interest-free and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans - 1-2 years

7,071

3,890

Bank loans - 2-5 years

12,366

14,365

19,437

18,255

On 28 May 2020, the company received a loan for £30,000 and on 12 November 2020 a further £7,500 was received from Barclays Bank plc. The loan is unsecured and repayable in instalments over six years. The company has taken the option to extend the loan term to ten years. The interest rate is fixed at 2.5% per annum for the term of the loan and HM Government is committed to pay the first year of interest on behalf of the Company. HM Government has guaranteed 100% of the value of the loan.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/25

30/11/24

value:

£

£

100

Ordinary shares

£1

100

100

8.	ULTIMATE CONTROLLING PARTY

The controlling party is The Armour Group Holdings Limited.

The ultimate controlling party is Mr S J Green.