REGISTERED NUMBER: 15259163 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

For The Year Ended 31 December 2025

for

Poeton Holdings Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

9

Consolidated Other Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

12

Consolidated Statement of Changes in Equity

13

Company Statement of Changes in Equity

14

Consolidated Cash Flow Statement

15

Notes to the Consolidated Cash Flow Statement

16

Notes to the Consolidated Financial Statements

18

DIRECTORS:

J A Poeton

Mrs R J Poeton

A D McLeish

REGISTERED OFFICE:

Eastern Avenue

Gloucester

United Kingdom

GL4 3DN

REGISTERED NUMBER:

15259163 (England and Wales)

AUDITORS:

Kingscott Dix Limited

Chartered Accountants

and Statutory Auditor

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

BANKERS:

Santander UK PLC

Bridle Road

Bootle

Merseyside

L30 4GB

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

The year ending 2025 was the 2nd year of our 5-year investment plan and, in the opinion of the Directors, the general performance, development and financial position of the group was in line with expectations.

Business Performance and Strategic Overview

The business continues to benefit from its diversified customer base. We saw some turbulence in our Aerospace business with demand signals fluctuating , however this was offset by strong growth in Automotive, Medical, Oil & Gas amongst others. Our product sales benefitted from high performance in our proprietary coatings division as our customer led R&D strategy took hold.

Innovation remains a cornerstone of our business and a key driver for growth. Our R&D activity is focused on customer led product development as well as new ways of working to improve productivity and quality. Our profit share scheme continues to be popular with our employees, and our customers benefit from their enhanced engagement.

Our customers come to us for quality, communication and turnaround time. In 2025 we are proud to have beaten our OTD and quality targets, achieving 98% and 98.7% respectively.

We continue to invest heavily in our Poland business unit which serves our European customers. A new

management team has yielded great results, using their extensive operational experience to ensure quality and delivery for our customers.

Our investment strategy continues to focus on how we can reduce costs, increase quality and improve delivery to our customers in the UK, Europe and further overseas. The introduction of new environmentally friendly treatments and treatment processes.

REVIEW OF BUSINESS

The key financial highlights were as follows:-

Year Ended

9 Months Ended

31 Dec 2025

31 Dec 2024

Turnover

£19.2m

£13.6m

Gross profit margin

43%

39%

Profit before tax (excluding exceptional items)

£2.1m

£1.3m

PRINCIPAL RISKS AND UNCERTAINTIES

Our principle risk is the competitiveness of the UK & Europe as a manufacturing centre. Rising energy and employment costs act as a headwind which needs to be mitigated. We can do our part by focusing on operational efficiency and zero defects. On that front we have invested into industrial technologies that reduce our energy consumption as well as digital technology to improve our operations, enabling us to increase capacity without incurring linear employment costs.

For our Polish site, the war in neighbouring Ukraine continues and is at the back of our minds. It remains a factor to consider however locally this is seen as an opportunity for Poland as the economy strengthens.

Our principle risk is the competitiveness of the UK & Europe as a manufacturing centre. Rising energy and employment costs act as a headwind which needs to be mitigated. We can do our part by focusing on operational efficiency and zero defects. On that front we have invested into industrial technologies that reduce our energy consumption as well as digital technology to improve our operations, enabling us to increase capacity without incurring linear employment costs.

For our Polish site, the war in neighbouring Ukraine continues and is at the back of our minds. It remains a factor to consider however locally this is seen as an opportunity for Poland as the economy strengthens.

Health and safety risk

Our business is manufacturing, predominantly operating in chemicals. We take our health, safety and environmental obligations seriously and ensure all operational decisions are led by those considerations first and foremost. This approach is inherent in our culture and has led to multiple awards for our proactivity regarding health, safety and the environment.

Training is a significant part of our company culture as we invest in our biggest asset, our people. Not only does this benefit our customers but it raises awareness of the responsibility our employee's have for their own safety and well-being as well as that of their colleagues. We are proud to have won the IMF's Eddie Marlowe award for Services to Training in 2025.

Pension obligations

Finally, we continue to support our pension obligations which are in a healthy position.

ON BEHALF OF THE BOARD:

J A Poeton - Director

2 September 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2025.

DIVIDENDS

During the year, interim dividends were paid of £260,000 (2024: £nil)

RESEARCH AND DEVELOPMENT

The group continually seeks to develop improved processes for sale and production. The group's accounting policy in respect of research and development expenditure is set out in note 2 to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

J A Poeton

Mrs R J Poeton

A D McLeish

FINANCIAL INSTRUMENTS

The group's principal financial instruments comprise of bank balances, other loans, trade creditors and trade debtors. The main purpose of these instruments is to raise funds for the group's operations.

Due to the nature of the financial instruments used by the group, there is no significant exposure to price risk. The group's approach to managing other risks applicable to the financial instruments concerned is shown below.

In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of an overdraft and bank loans, if necessary, at a floating rate of interest. The group also makes use of deposit facilities where funds are available.

The group manage its liquidity risk by ensuring that expenditure such as that for fixed assets are within the funds generated from operations.

Trade debtors are managed in respect fo credit and cash-flow risk by policies concerning the credit offered to customers and regular monitoring of amounts outstanding for both time and credit limits.

Trade creditor's liquidity risk is managed by ensuring that sufficient funds are available to meet amounts due.

EQUAL OPPORTUNITIES

The group is fully committed to ensuring that all current and potential future employees and customers are treated fairly and equally, regardless of their gender, sexuality, martial status, disability, race, colour, nationality or ethnic origin. The Company and its subsidiaries provide equal opportunities for employment, training and development, having regard to particular aptitudes and abilities. In the event of employees becoming disabled during employment, where possible, assistance and retraining is given so that they may attain positions compatible with their ability.

DISCLOSURE IN THE STRATEGIC REPORT

Information regarding the review of the business and principal risks and uncertainties relating to the group is shown within the strategic report on page two of these consolidated accounts.

OVERSEAS SUBSIDIARY

Poeton Industries Limited's Polish subsidiary, Poeton Polska Sp.z.o.o. has continued to increase its turnover during the year.

ENGAGEMENT WITH EMPLOYEES

The Company and its subsidiaries place considerable value on the involvement of their employees and has continued to keep them informed on matters affecting their employment and on the various factors affecting the performance of the Company and the group.

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). 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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Kingscott Dix Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J A Poeton - Director

2 September 2026

Opinion

We have audited the financial statements of Poeton Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 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 31 December 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 page 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In assigning the audit engagement team we ensured that collectively they had the appropriate competence and capabilities to identify non-compliance with laws and regulations, highlight areas of the financial statements particularly susceptible to fraud and conduct appropriate additional enquiries where suspicions or weaknesses became evident.

At the planning stage, we assessed the susceptibility of the entity's financial statements to material misstatement, including how fraud might occur. This involved preliminary planning discussions with management to obtain their assessment of fraud risk, to identify any incidences of fraud during the year and understand the measures and controls they had taken to combat the possibility of fraud.

Our transaction testing and assessment of controls during the audit provided further evidence as to the validity of this initial assessment with regard to material misstatement and fraud.

We identified areas of law and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, through discussion with the Directors, and inspection of the Company's regulatory and legal correspondence. The team were briefed with regard to laws and regulations and remained alert to any indication of non-compliance throughout the audit.

The company is subject to laws and regulations that directly affect the financial statements including legislation covering financial reporting including related companies, distributable profits and taxation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. In assessing this compliance, we evaluated the appropriateness of accounting policies used and the reasonableness of accounting estimates in the measurement and presentation of profit within the financial statements.

The company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: Aerospace management standards AS9100, National Aerospace and Defense Contractors Accreditation Program (NADCAP), environmental management standards ISO14001, Occupation health and safety ISO45001, UK REACH, Customs (Special Procedures and Outward Processing) Regulations 2018, employment laws, GDPR and any other regulations recognising the nature of the company's activities. Audit procedures designed to identify non-compliance with these laws and regulations included enquiry of the Directors and other management and inspection of regulatory and legal correspondence. None of the procedures applied identified actual or suspected non-compliance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. Where an irregularity is non-financial or has not reached a stage where its impact is financial, it is less likely to be identified by auditing procedures. In addition, to the extent that an irregularity involves collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls, there remains a high risk of non-detection. We are not responsible for detecting all instances of non-compliance with laws and regulations and cannot be expected to do so.

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.

Emma Steward FCCA (Senior Statutory Auditor)

for and on behalf of Kingscott Dix Limited

Chartered Accountants

and Statutory Auditor

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

2 September 2026

TURNOVER

3

19,215,447

13,556,177

Cost of sales

11,000,724

8,279,889

GROSS PROFIT

8,214,723

5,276,288

Distribution costs

706,219

460,719

Administrative expenses

5,336,314

3,575,838

6,042,533

4,036,557

2,172,190

1,239,731

Other operating income

4

82,023

83,897

OPERATING PROFIT

6

2,254,213

1,323,628

Redundancy costs

7

30,960

120,800

2,223,253

1,202,828

Interest receivable and similar income

20,690

1,022

Other finance income

23

14,000

-

34,690

1,022

2,257,943

1,203,850

Interest payable and similar expenses

8

178,160

1,411

PROFIT BEFORE TAXATION

2,079,783

1,202,439

Tax on profit

9

563,934

388,995

PROFIT FOR THE FINANCIAL YEAR

1,515,849

813,444

Profit attributable to:

Owners of the parent

1,515,849

813,444

PROFIT FOR THE YEAR

1,515,849

813,444

OTHER COMPREHENSIVE INCOME

Actuarial (losses)/gains

1,000

234,000

Return on plan assets (excluding

(7,000

)

(159,000

)

interest income)

Income tax relating to components of other comprehensive income

1,500

(18,750

)

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

(4,500

)

56,250

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,511,349

869,694

Total comprehensive income attributable to:

Owners of the parent

1,511,349

869,694

FIXED ASSETS

Intangible assets

12

1,287,383

1,443,430

Tangible assets

13

8,374,286

7,761,247

Investments

14

-

-

Investment property

15

-

-

9,661,669

9,204,677

CURRENT ASSETS

Stocks

16

369,115

327,895

Debtors

17

2,958,059

2,490,366

Cash at bank

2,373,624

1,627,883

5,700,798

4,446,144

CREDITORS

Amounts falling due within one year

18

3,369,092

3,930,217

NET CURRENT ASSETS

2,331,706

515,927

TOTAL ASSETS LESS CURRENT LIABILITIES

11,993,375

9,720,604

CREDITORS

Amounts falling due after more than one year

19

(2,605,463

)

(2,846,116

)

PROVISIONS FOR LIABILITIES

23

(3,144,795

)

(1,743,863

)

PENSION ASSET

25

278,026

139,169

NET ASSETS

6,521,143

5,269,794

CAPITAL AND RESERVES

Called up share capital

24

3,700

3,700

Share premium

4,396,400

4,396,400

Retained earnings

2,121,043

869,694

SHAREHOLDERS' FUNDS

6,521,143

5,269,794

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

J A Poeton - Director

FIXED ASSETS

Intangible assets

12

-

-

Tangible assets

13

10,199

13,596

Investments

14

6,162,145

6,162,145

Investment property

15

4,700,000

4,700,000

10,872,344

10,875,741

CURRENT ASSETS

Debtors

17

2,386,905

1,442,729

Cash at bank

248,928

-

2,635,833

1,442,729

CREDITORS

Amounts falling due within one year

18

528,408

1,416,525

NET CURRENT ASSETS

2,107,425

26,204

TOTAL ASSETS LESS CURRENT LIABILITIES

12,979,769

10,901,945

CREDITORS

Amounts falling due after more than one year

19

(2,259,190

)

(2,703,545

)

PROVISIONS FOR LIABILITIES

23

(200,863

)

(200,863

)

NET ASSETS

10,519,716

7,997,537

CAPITAL AND RESERVES

Called up share capital

24

3,700

3,700

Fair value reserve

1,782,655

1,782,655

Retained earnings

8,733,361

6,211,182

SHAREHOLDERS' FUNDS

10,519,716

7,997,537

Company's profit for the financial year

2,782,179

7,993,837

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

J A Poeton - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Changes in equity

Issue of share capital

3,700

-

4,396,400

4,400,100

Total comprehensive income

-

869,694

-

869,694

Balance at 31 December 2024

3,700

869,694

4,396,400

5,269,794

Changes in equity

Dividends

-

(260,000

)

-

(260,000

)

Total comprehensive income

-

1,511,349

-

1,511,349

Balance at 31 December 2025

3,700

2,121,043

4,396,400

6,521,143

Called up

Fair

share

Retained

value

Total

capital

earnings

reserve

equity

£

£

£

£

Changes in equity

Issue of share capital

3,700

-

-

3,700

Total comprehensive income

-

7,993,837

-

7,993,837

Transfer of reserves

-

(1,782,655

)

1,782,655

-

Balance at 31 December 2024

3,700

6,211,182

1,782,655

7,997,537

Changes in equity

Dividends

-

(260,000

)

-

(260,000

)

Total comprehensive income

-

2,782,179

-

2,782,179

Balance at 31 December 2025

3,700

8,733,361

1,782,655

10,519,716

Cash flows from operating activities

Cash generated from operations

1

3,809,995

2,464,653

Interest paid

(3,014

)

(137

)

Interest element of hire purchase payments paid

(19,500

)

(1,274

)

Tax paid

(426,929

)

(736,285

)

Net cash from operating activities

3,360,552

1,726,957

Cash flows from investing activities

Purchase of intangible fixed assets

-

(12,500

)

Purchase of tangible fixed assets

(1,105,583

)

(1,214,276

)

Sale of investment property

-

714,090

Acquisition of subsidiary, net of cash

-

418,409

Interest received

20,690

1,022

Net cash from investing activities

(1,084,893

)

(93,255

)

Cash flows from financing activities

Loan repayments in year

(1,700,000

)

-

Capital repayments in year

430,082

(9,519

)

Amount introduced by directors

308,000

37,900

Amount withdrawn by directors

(308,000

)

(37,900

)

Share issue

-

3,700

Equity dividends paid

(260,000

)

-

Net cash from financing activities

(1,529,918

)

(5,819

)

Increase in cash and cash equivalents

745,741

1,627,883

Cash and cash equivalents at beginning of year

2

1,627,883

-

Cash and cash equivalents at end of year

2

2,373,624

1,627,883

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

Period

3.11.23

Year Ended

to

31.12.25

31.12.24

£

£

Profit before taxation

2,079,783

1,202,439

Depreciation charges

656,756

464,835

Loss on disposal of fixed assets

5,340

80,903

Movement on other provisions

1,228,586

633,921

Foreign exchange movements

(6,666

)

54,862

Pension contributions

(177,360

)

(168,840

)

Finance costs

178,160

1,411

Finance income

(34,690

)

(1,022

)

3,929,909

2,268,509

(Increase)/decrease in stocks

(41,220

)

129,583

(Increase)/decrease in trade and other debtors

(328,961

)

173,411

Increase/(decrease) in trade and other creditors

250,267

(106,850

)

Cash generated from operations

3,809,995

2,464,653

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 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

2,373,624

1,627,883

Period ended 31 December 2024

31.12.24

3.11.23

£

£

Cash and cash equivalents

1,627,883

-

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank

1,627,883

745,741

2,373,624

1,627,883

745,741

2,373,624

Debt

Finance leases

(10,620

)

(430,082

)

(440,702

)

Debts falling due within 1 year

(1,470,735

)

958,530

(512,205

)

Debts falling due after 1 year

(2,845,015

)

585,825

(2,259,190

)

(4,326,370

)

1,114,273

(3,212,097

)

Total

(2,698,487

)

1,860,014

(838,473

)