REGISTERED NUMBER: 00980466 (England and Wales)

PERMAT MACHINES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B F Nagel

J Schall

REGISTERED OFFICE:

Station Road

Coleshill

Birmingham

B46 1JG

REGISTERED NUMBER:

00980466 (England and Wales)

AUDITORS:

FWC Advisory Ltd

29 Wood Street

Stratford-Upon-Avon

Warwickshire

CV37 6JG

FIXED ASSETS

Tangible assets

4

1,234,754

364,053

Investment property

5

4,027,007

2,703,300

5,261,761

3,067,353

CURRENT ASSETS

Stocks

6

20,761

24,092

Debtors

7

110,524

115,271

Cash at bank and in hand

936,708

889,790

1,067,993

1,029,153

CREDITORS

Amounts falling due within one year

8

129,686

138,027

NET CURRENT ASSETS

938,307

891,126

TOTAL ASSETS LESS CURRENT LIABILITIES

6,200,068

3,958,479

PROVISIONS FOR LIABILITIES

9

1,112,806

564,089

NET ASSETS

5,087,262

3,394,390

CAPITAL AND RESERVES

Called up share capital

10

7,400

7,400

Revaluation reserve

11

1,629,369

980,008

Other reserves

11

2,600

2,600

Retained earnings

11

3,447,893

2,404,382

SHAREHOLDERS' FUNDS

5,087,262

3,394,390

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 25 March 2026 and were signed on its behalf by:

B F Nagel - Director

J Schall - Director

1.	STATUTORY INFORMATION

Permat Machines 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Tangible assets are stated in the balance sheet at valuation, where they were acquired prior to the latest

professional valuation, with changes in fair value being recognised in the Statement of comprehensive income.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:.

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Land and Building

not depreciated

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Taxation

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Foreign currencies

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Defined benefit pension obligation

The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Going concern

The financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

357,178

1,358,610

1,715,788

Additions

-

8,266

8,266

Revaluations

865,815

-

865,815

At 31 December 2025

1,222,993

1,366,876

2,589,869

DEPRECIATION

At 1 January 2025

-

1,351,735

1,351,735

Charge for year

-

3,380

3,380

At 31 December 2025

-

1,355,115

1,355,115

NET BOOK VALUE

At 31 December 2025

1,222,993

11,761

1,234,754

At 31 December 2024

357,178

6,875

364,053

Included within the net book value of freehold property above is £1,302,633 ( 2024 - 357,178) in respect of freehold land and buildings.

Cost or valuation at 31 December 2025 is represented by:

Freehold

Plant and

property

machinery

Totals

£

£

£

Valuation in 2025

865,815

-

865,815

Valuation in 2019

104,625

-

104,625

Cost

252,553

1,366,876

1,619,429

1,222,993

1,366,876

2,589,869

The investment property was valued at 16 February 2026 by an independent valuer, Savills (UK) Limited on a fair value basis.The directors believe this reflects the market value as at the balance sheet date.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

2,703,300

Revaluations

1,323,707

At 31 December 2025

4,027,007

NET BOOK VALUE

At 31 December 2025

4,027,007

At 31 December 2024

2,703,300

The investment property was valued at 16 February 2026 by an independent valuer, Savills (UK) Limited on a fair value basis.The directors believe this reflects the market value as at the balance sheet date.

6.

STOCKS

2025

2024

£

£

Raw materials

20,761

24,092

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

79,360

87,625

Amounts owed by group undertakings

9,170

4,039

Prepayments

21,994

23,607

110,524

115,271

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

7,325

8,162

Amounts owed to group undertakings

7,418

7,418

Tax

16,974

13,062

Social security and other taxes

5,122

6,604

VAT

10,551

5,039

Other creditors

117

117

Accruals and deferred income

82,179

97,625

129,686

138,027

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,112,806

564,089

Deferred

tax

£

Balance at 1 January 2025

564,089

Charge to Income Statement during year

1,337

Tax relating to revaluation

547,380

Balance at 31 December 2025

1,112,806

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

7,400

Ordinary

1

7,400

7,400

11.

RESERVES

Retained

Revaluation

Other

earnings

reserve

reserves

Totals

£

£

£

£

At 1 January 2025

2,404,382

980,008

2,600

3,386,990

Profit for the year

1,043,511

1,043,511

Transfer

-

649,361

-

649,361

At 31 December 2025

3,447,893

1,629,369

2,600

5,079,862

Included in retained earning is £1,701,812 (2024: £709,031 ) of non-distributable reserves relating to the gain on revaluation of investment property.

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

The Report of the Auditors was unqualified.

Michelle Vincent (Senior Statutory Auditor)

for and on behalf of FWC Advisory Ltd

13.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme for its employees. At the year end the outstanding commitment relating to this scheme was £nil (2024: £nil).

The company used to operate a defined benefit pension scheme which is closed to new members. The most recent actuarial valuation of the plan assets and the present value of the defined benefit obligation was carried out as at 31 December 2025 by Peter Cormack, of XPS Pensions (RL) Limited, Fellow of the Institute of Actuaries. The net defined benefit pension asset of £761,250 (2024 - £695,250) was not recognised at the year end on account of the 'Effect of asset ceiling' since the scheme is closed to future benefit accrual, and that the employer does not have an unconditional right to any surplus.

14.	RELATED PARTY DISCLOSURES

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.

15.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is Nagel Gruppe Verwaltungs GmbH, incorporated in Germany.

The ultimate parent is Nagel Holding GmbH & Co.KG, incorporated in Germany.

These financial statements are available upon request from Corporate Headquarters, Oberboihinger Str. 60, D-72622 Nuertingen