Select Profiles Limited

	Page
Strategic Report	1
Director's Report	2—3
Independent Auditor's Report	4—6
Consolidated Profit and Loss Account	7
Consolidated Statement of Comprehensive Income	8
Consolidated Balance Sheet	9
Company Balance Sheet	10
Consolidated Statement of Changes in Equity	11
Company Statement of Changes in Equity	12
Consolidated Statement of Cash Flows	13
Notes to the Consolidated Statement of Cash Flows	14
Company Statement of Cash Flows	15
Notes to the Company Statement of Cash Flows	16
Notes to the Financial Statements	17—24

The director presents his strategic report for the year ended 31 December 2025.

Review of the Business

The group is a uPVC window and door profile systems extruder and distributor to approximately 300 window and door manufacturers and installers throughout the UK. The group's turnover increased by approximately £950k (4.6%) during the year, whilst gross margin improved to 38.8% from 37.2% as a result of production cost increases being passed on through higher prices.

The profit before tax has increased from £1,982,109 in 2024 to £2,124,945 and shareholders funds are £4,147,393.

Principal Risks and Uncertainties

The process of risk acceptance and risk management is addressed through a framework of policies, procedures and internal controls. All policies are subject to director approval and ongoing review by management. Compliance with regulation, legal and ethical standards is a priority of the business and is supported by the director, general manager and senior management team.

The UK market for the supply of window and door system profiles is competitive and the business predominantly concentrates on the midsized window and door fabricators to distribute business risk over a wide range of customers. Financial risks primarily relate to customer accounts and these are managed by the general office manager, supported by the credit control department.

The group's success is dependent upon the selection, quality and pricing of its products and services combined with the ongoing management of the risks it accepts. The business has further consolidated its position within the uPVC window and door market over the past year. The group aims to achieve further growth within its existing sector by ongoing operational improvements facilitated through continual performance monitoring and improvement programmes, alongside continued investment in new machinery, tooling and management information systems.

On behalf of the board

Mr M Weihe

Director

3rd September 2026

Page 1

Page 2

Select Profiles Limited

Company No. 2924286

Director's Report For The Year Ended 31 December 2025

Director's Report

The director presents his report and the financial statements for the year ended 31 December 2025.

Principal Activity

The group's principal activity continues to be that of extrusion of bar length uPVC window and door profile sections and acilliaries, the lamination of window and door profiles as well as the supply of window and door hardware.

Dividends

The value of dividends paid amounted to £1,000,000 .

The director recommended a final dividend of £NIL .

Directors

The director who held office during the year were as follows:

Mr M Weihe

Statement of Director's Responsibilities

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the director 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 the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company and 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. He is 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.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Director's Report is approved:

so far as the director is aware, there is no relevant audit information of which the company and group's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company and group's auditors are aware of that information.

Page 2

Page 3

Select Profiles Limited

Director's Report (continued)

For The Year Ended 31 December 2025

Independent Auditors

The auditors, Weatherer Bailey Bragg LLP, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr M Weihe

Director

3rd September 2026

Page 3

Page 4

Independent Auditor's Report

to the Members of

Select Profiles Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Select Profiles Limited (the "parent company") and its subsidiaries (the "group") for the year ended 31 December 2025 which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes of Equity, Company Statement of Changes of Equity, Consolidated Cash Flow Statement, Company Cash Flow Statement and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the group's and of the parent company's affairs as at 31 December 2025 and of the group's profit/(loss) 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company 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 director's 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 and parent company's ability to continue as a going concern for a period of at least 12 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 other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. 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 Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Page 4

Page 5

Independent Auditor's Report (continued)

to the Members of

Select Profiles Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the group and parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.

We have nothing to report in respect of the following matters in relation to which 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 or returns; or
certain disclosures of director's 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 Director's Responsibilities Statement set out on page 2—3, the director is 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 director determine is 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 director is responsible for assessing the group and 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.

Auditor's 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 an auditor's report 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:

We obtained an understanding of the legal and regulatory framework within which the group operates, focussing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations that we considered in this context , were the Companies Act 2006 and taxation legislation.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management, the recognition of revenue and the valuation of stock. Our audit procedures to respond to these risks included making enquiries of management about their own identification and assessment of the risks from irregularities, sample testing on the posting of journals, reviewing accounting estimates for bias, corroborating revenue recognised by the group to supporting documentation and verifying a sample of stock items to purchase and sales documentation.

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 occuring due to fruad 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 www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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 that we are required to state to them in an auditor's report 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.

Page 5

Page 6

Independent Auditor's Report (continued)

to the Members of

Select Profiles Limited

Alan Joseph Weatherer (Senior Statutory Auditor)

for and on behalf of Weatherer Bailey Bragg LLP , Statutory Auditor

3rd September 2026

Weatherer Bailey Bragg LLP

100 Boldmere Road

Sutton Coldfield

West Midlands

B73 5UB

Page 6

Page 7

Select Profiles Limited

Consolidated Profit and Loss Account

For The Year Ended 31 December 2025

Consolidated Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	21,579,203	20,631,573
Cost of sales		(13,214,987 )	(12,949,409 )

GROSS PROFIT		8,364,216	7,682,164

Administrative expenses		(6,268,034 )	(5,698,649 )

OPERATING PROFIT	4	2,096,182	1,983,515
Loss on disposal of fixed assets		(4,631 )	(7,921 )
Other interest receivable and similar income	9	86,108	63,830
Interest payable and similar charges	10	(52,722 )	(57,315 )

PROFIT BEFORE TAXATION		2,124,937	1,982,109
Tax on Profit	11	(532,405 )	(496,572 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT		1,592,532	1,485,537

The notes on pages 14 to 24 form part of these financial statements.

Page 7

Page 8

Select Profiles Limited

Consolidated Statement of Comprehensive Income

For The Year Ended 31 December 2025

Consolidated Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	1,592,532	1,485,537
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT	1,592,532	1,485,537

Page 8

Page 9

Select Profiles Limited

Consolidated Balance Sheet

As At 31 December 2025

Consolidated Balance Sheet

Registered number: 2924286

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		1,018,086		956,903

			1,018,086		956,903
CURRENT ASSETS
Stocks	14	2,639,360		2,417,783
Debtors	15	1,565,624		1,297,712
Cash at bank and in hand		2,262,074		2,657,569

		6,467,058		6,373,064
Creditors: Amounts Falling Due Within One Year	16	(3,194,354 )		(3,640,617 )

NET CURRENT ASSETS (LIABILITIES)			3,272,704		2,732,447

TOTAL ASSETS LESS CURRENT LIABILITIES			4,290,790		3,689,350

PROVISIONS FOR LIABILITIES
Deferred Taxation	17		(143,405 )		(134,497 )

NET ASSETS			4,147,385		3,554,853

CAPITAL AND RESERVES
Called up share capital	19		187		187
Share premium account			1,836,625		1,836,625
Profit and Loss Account			2,310,573		1,718,041

SHAREHOLDERS' FUNDS			4,147,385		3,554,853

On behalf of the board

Mr M Weihe

Director

3rd September 2026

The notes on pages 14 to 24 form part of these financial statements.

Page 9

Page 10

Select Profiles Limited

Company Balance Sheet

As At 31 December 2025

Company Balance Sheet

Registered number: 2924286

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	13		3,131,857		3,131,857

			3,131,857		3,131,857
TOTAL ASSETS LESS CURRENT LIABILITIES			3,131,857		3,131,857

NET ASSETS			3,131,857		3,131,857

CAPITAL AND RESERVES
Called up share capital	19		187		187
Share premium account			1,836,625		1,836,625
Profit and Loss Account			1,295,045		1,295,045

SHAREHOLDERS' FUNDS			3,131,857		3,131,857

In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's profit for the year was £ 1,000,000 (2024: £ 1,000,000 profit).

On behalf of the board

Mr M Weihe

Director

3rd September 2026

The notes on pages 14 to 24 form part of these financial statements.

Page 10

Page 11

Select Profiles Limited

Consolidated Statement of Changes in Equity

For The Year Ended 31 December 2025

Consolidated Statement of Changes in Equity

	Share Capital	Share Premium	Profit and Loss Account	Total
	£	£	£	£
As at 1 January 2024	187	1,836,625	1,232,504	3,069,316
Profit for the year and total comprehensive income	-	-	1,485,537	1,485,537

Dividends paid	-	-	(1,000,000)	(1,000,000)

As at 31 December 2024 and 1 January 2025	187	1,836,625	1,718,041	3,554,853


Profit for the year and total comprehensive income	-	-	1,592,532	1,592,532

Dividends paid	-	-	(1,000,000)	(1,000,000)

As at 31 December 2025	187	1,836,625	2,310,573	4,147,385

Page 11

Page 12

Select Profiles Limited

Company Statement of Changes in Equity

For The Year Ended 31 December 2025

Company Statement of Changes in Equity

	Share Capital	Share Premium	Profit and Loss Account	Total
	£	£	£	£
As at 1 January 2024	187	1,836,625	1,295,045	3,131,857
Profit for the year and total comprehensive income	-	-	1,000,000	1,000,000

Dividends paid	-	-	(1,000,000)	(1,000,000)

As at 31 December 2024 and 1 January 2025	187	1,836,625	1,295,045	3,131,857


Profit for the year and total comprehensive income	-	-	1,000,000	1,000,000

Dividends paid	-	-	(1,000,000)	(1,000,000)

As at 31 December 2025	187	1,836,625	1,295,045	3,131,857

Page 12

Page 13

Select Profiles Limited

Consolidated Statement of Cash Flows

For The Year Ended 31 December 2025

Consolidated Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,411,524	2,505,773
Interest paid		(52,722 )	(57,315 )
Tax paid		(470,620 )	(830,466 )

Net cash generated from operating activities		888,182	1,617,992

Cash flows from investing activities
Purchase of tangible assets		(412,935 )	(683,658 )
Proceeds from disposal of tangible assets		43,150	113,924
Interest received		86,108	63,830

Net cash used in investing activities		(283,677 )	(505,904 )

Cash flows from financing activities
Equity dividends paid		(1,000,000 )	(1,000,000 )



(Decrease)/increase in cash and cash equivalents		(395,495 )	112,088
Cash and cash equivalents at beginning of year	2	2,657,569	2,545,481

Cash and cash equivalents at end of year	2	2,262,074	2,657,569

Page 13

Page 14

Select Profiles Limited

Notes to the Consolidated Statement of Cash Flows

For The Year Ended 31 December 2025

Notes to the Consolidated Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	1,592,532	1,485,537
Adjustments for:
Tax on profit	532,405	496,572
Interest expense	52,722	57,315
Interest income	(86,108 )	(63,830 )
Depreciation of tangible assets	303,971	243,018
Loss on disposal of tangible assets	4,631	7,921
Movements in working capital:
(Increase)/decrease in stocks	(221,577 )	193,809
Increase in trade and other debtors	(267,912 )	(495,532 )
(Decrease)/increase in trade and other creditors	(499,140 )	580,963

Net cash generated from operations	1,411,524	2,505,773

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	2,262,074	2,657,569

3. Analysis of changes in net funds

	As at 1 January 2025	Cash flows	As at 31 December 2025
	£	£	£
Cash at bank and in hand	2,657,569	(395,495)	2,262,074

Page 14

Page 15

Select Profiles Limited

Company Statement of Cash Flows

For The Year Ended 31 December 2025

Company Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from/(used in) operations	1	-	-

Cash flows from investing activities
Dividends received		1,000,000	1,000,000

Cash flows from financing activities
Equity dividends paid		(1,000,000 )	(1,000,000 )



Increase/(decrease) in cash and cash equivalents		-	-
Cash and cash equivalents at beginning of year	2	-	-

Cash and cash equivalents at end of year	2	-	-

Page 15

Page 16

Select Profiles Limited

Notes to the Company Statement of Cash Flows

For The Year Ended 31 December 2025

Notes to the Company Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from/(used in) operations

	2025	2024
	£	£
Profit for the financial year	1,000,000	1,000,000
Adjustments for:
Income from shares in group undertakings	(1,000,000)	(1,000,000)

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

3. Analysis of changes in net funds/(debt)

Page 16

Page 17

Select Profiles Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Select Profiles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 2924286 . The registered office is 100 Boldmere Road, Sutton Coldfield, West Midlands, B74 5UB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Basis Of Consolidation

The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 31 December 2025. All intra-group transactions, balances, income and expenses are eliminated on consolidation.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.

Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the group holds a long-term interest and where the group has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. The results of associates are accounted for using the equity method of accounting.

Any subsidiary undertakings or associates sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.

Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.

Where control of a subsidiary is achieved in stages, the initial acquisition that gave the group control is accounted for as a business combination. Thereafter where the group increases its controlling interest in the subsidiary the transaction is treated as a transaction between equity holders. Any difference between the fair value of the consideration paid and the carrying amount of the non-controlling interest acquired is recognised directly in equity. No changes are made to the carrying value of assets, liabilities or provisions for contingent liabilities.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	25% reducing balance
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% - 25% reducing balance
Computer Equipment	33% straight line

Page 17

Page 18

Select Profiles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the group. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

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 stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

The group operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Turnover

The whole of the group's turnover is derived from sales made within the United Kingdom.

Page 18

Page 19

Select Profiles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	16,875	3,703
Depreciation of tangible fixed assets	303,971	243,018

5. Auditor's Remuneration

Remuneration received by the group's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	14,000	14,750

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	4,186,185	3,960,769
Social security costs	465,076	376,484
Other pension costs	170,603	145,572

	4,821,864	4,482,825

7. Average Number of Employees

Group

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	19	20
Sales, marketing and distribution	5	7
Manufacturing	101	96

	125	123

Company

Average number of employees, including directors, during the year was: NIL (2024: NIL)

8. Director's remuneration

	2025	2024
	£	£
Emoluments	50,270	50,270

Page 19

Page 20

Select Profiles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	62,342	63,830
Other interest receivable type A	23,766	-

	86,108	63,830

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Other finance charges	52,722	57,315

11. Tax on Profit

The tax charge on the profit for the year was as follows:

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	523,497	445,619
Deferred Tax
Deferred taxation			8,908	50,953


Total tax charge for the period			532,405	496,572

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2025	2024
	£	£
Profit before tax	2,124,937	1,982,109

Tax on profit at 25% (UK standard rate)	531,234	495,527
Expenses not deductible for tax purposes	2,307	1,016
Capital allowances	(10,044 )	(1,951 )
Short term timing differences	8,908	1,980

Total tax charge for the period	532,405	496,572

Page 20

Page 21

Select Profiles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

12. Tangible Assets

Group

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2025	276,974	649,474	1,203,911	182,175
Additions	-	55,488	232,640	51,714
Disposals	-	-	(118,626 )	-

As at 31 December 2025	276,974	704,962	1,317,925	233,889

Depreciation
As at 1 January 2025	276,618	546,966	418,413	113,634
Provided during the period	89	36,380	232,665	27,330
Disposals	-	-	(70,845 )	-

As at 31 December 2025	276,707	583,346	580,233	140,964

Net Book Value
As at 31 December 2025	267	121,616	737,692	92,925

As at 1 January 2025	356	102,508	785,498	68,541


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2025	89,614	2,402,148
Additions	73,093	412,935
Disposals	(25,926 )	(144,552 )

As at 31 December 2025	136,781	2,670,531

Depreciation
As at 1 January 2025	89,614	1,445,245
Provided during the period	7,507	303,971
Disposals	(25,926 )	(96,771 )

As at 31 December 2025	71,195	1,652,445

Net Book Value
As at 31 December 2025	65,586	1,018,086

As at 1 January 2025	-	956,903

Company

The company had no tangible fixed assets as at 31 December 2025 or 31 December 2024.

Page 21

Page 22

Select Profiles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

13. Investments

Company

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	3,131,857

As at 31 December 2025	3,131,857

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	3,131,857

As at 1 January 2025	3,131,857

Subsidiaries

Details of the group's subsidiaries as at 31 December 2025 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Selecta Systems Limited	100 Boldmere Road, Sutton Coldfield B73 5UB	Ordinary	100.00%	-

The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:

14. Stocks

	2025	2024
	£	£
Stock	2,639,360	2,417,783

15. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Due within one year
Trade debtors	527,451	597,518	-	-
Amounts owed by group undertakings	966,000	558,600	-	-
Other debtors	72,173	141,594	-	-

	1,565,624	1,297,712	-	-

Page 22

Page 23

Select Profiles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

16. Creditors: Amounts Falling Due Within One Year

	Group
	2025	2024
	£	£
Trade creditors	782,058	638,767
Amounts owed to group undertakings	508,874	1,627,590
Other creditors	1,111,868	695,892
Corporation tax	73,496	20,619
Taxation and social security	578,364	512,896
Accruals and deferred income	139,694	144,853

	3,194,354	3,640,617

17. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	143,405	134,497

18. Provisions for Liabilities

Group
	Deferred Tax	Total
	£	£
As at 1 January 2025	134,497	134,497
Additions	8,908	8,908

Balance at 31 December 2025	143,405	143,405

19. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
187 Ordinary Shares of £ 1.00 each	187	187

20. Capital Commitments

	2025	2024
	£	£
At the end of the period	-	134,500

At the end of the period, the group and company had capital commitments contracted for but not provided in these financial statements

21. Pension Commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £170,603 (2024: £145,572).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

Page 23

Page 24

Select Profiles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

22. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	1,000,000	1,000,000

23. Related Party Disclosures

Key management personnel (including directors) received compensation of £0 (2024: £117,183)

24. Controlling Parties

The company's ultimate controlling party is Mark Weihe by virtue of their interest in the share capital of the company.

Page 24