COMPANY REGISTRATION NUMBER: 04042428

31 December 2025

Fixed assets

Current assets

Provisions

31 December 2025

Capital and reserves

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 7 April 2026 , and are signed on behalf of the board by:

Company registration number: 04042428

YEAR ENDED 31 DECEMBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sherwood House, Normanton Lane Industrial Estate, Bottesford, Leics, NG13 0EL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss, and in sterling, which is the functional currency of the entity. Going concern These financial statements have been prepared on the going concern basis. The company has net current liabilities however it expects to return to profitability in the near future, and this together with a strong asset base and equity reserves, backed up by a strong ultimate parent company who have confirmed their ongoing financial support, allows for this opinion. Consolidation The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. - Significant judgements The company measures freehold property using the revaluation model. The company has instructed an independent professionally qualified valuer to determine a market based valuation at the reporting date. - Key sources of estimation uncertainty The company produces manufactured clays and calculates the production cost based upon an estimate of the cost of materials, direct labour, energy, maintenance and depreciation. Such costs fluctuate, and accordingly management monitor this on a monthly basis to ensure that the calculation remains materially accurate. No other judgements or estimates have been made which would have a significant effect on the amounts recognised in the financial statements. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Freehold property	-	4% straight line
	Plant and machinery	-	10-25% Straight line
	Motor vehicles	-	25% straight line
	Equipment	-	25% straight line

Investments Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are valued on a First-In-First-Out basis at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Manufactured stock items are included in the accounts at production cost which comprises materials, direct labour, energy, maintenance and depreciation costs.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at face value. Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 18 (2024: 24 ).

5. Exceptional items

Exceptional expenses in the current year relates to loss on the loan receivable from Weshoot Limited, a subsidiary struck off in February 2026. Exceptional income in the prior year relates to profit on disposal of plant and machinery.

6. Tangible assets

Tangible assets held at valuation

The freehold property was revalued at 4 February 2026 by a Fisher German LLP, Chartered Surveyors at open market value to its fair value of £1,653,600. If freehold property had been included on an historical cost basis, the carrying amount would be £700,002 (2024 - £743,325) including accumulated depreciation of £251,885 (2024 - £234,879).

7. Investments

Subsidiaries, associates and other investments

The company owns 100% of the share capital in Weshoot Limited, which is incorporated in the UK and registered at Sherwood House, Station Road, Bottesford, Leics, NG13 0EN. Weshoot has been struck off effective from 24 February 2026.

8. Debtors

9. Creditors: amounts falling due within one year

Bank loans and overdrafts totalling £76,054 (2024 - £108,132) are secured by a debenture over all assets of the company, as well as a legal charge over the company's freehold property. Included within other creditors is an invoice financing facility totalling £752,197 (2024 - £643,257) are secured by way of a legal charge over the book debts of the company.

10. Creditors: amounts falling due after more than one year

Bank loans and overdrafts totalling £240,442 (2024 - £318,609) are secured by a debenture over all assets of the company, as well as a legal charge over the company's freehold property.

Included within creditors: amounts falling due after more than one year is an amount of £36,226 (2024 - £97,200) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

12. Summary audit opinion

The auditor's report dated 7 April 2026 was unqualified .

The senior statutory auditor was Georgina Gale , for and on behalf of Streets Audit LLP .

13. Director's advances, credits and guarantees

At the beginning of the year the director's loan account was £48,564. During the year advances of £82,539 were made and the director made repayments totalling £48,564, leaving an overdrawn directors loan account of £82,539 at the year end. The loan was repaid in full after the year end. No interest was charged.

14. Related party transactions

The company has taken advantage of the exemptions in FRS 102 Section 1A and has not disclosed transactions between wholly owned members of the same group.

15. Controlling party

The company regards Laporte Holding SAS, which is incorporated in France, as its ultimate parent company. The company is part of the Laporte Group and copies of the group's consolidated accounts can be obtained by writing to: Laporte Holding SAS 371 Chemin des Pres F-06410 Biot France