REGISTERED NUMBER: 10906842 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Blaize Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Clark

S M Clark

REGISTERED OFFICE:

Cedar Court

Griffon Road

Quarry Hill Industrial Estate

Ilkeston

Derbyshire

DE7 4RF

REGISTERED NUMBER:

10906842 (England and Wales)

ACCOUNTANTS:

TC Group

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

FIXED ASSETS

Investments

4

100

100

Investment property

5

2,709,678

1,450,000

2,709,778

1,450,100

CURRENT ASSETS

Debtors

6

450,932

818,288

Cash at bank

238,603

192,218

689,535

1,010,506

CREDITORS

Amounts falling due within one year

7

74,929

35,742

NET CURRENT ASSETS

614,606

974,764

TOTAL ASSETS LESS CURRENT LIABILITIES

3,324,384

2,424,864

CREDITORS

Amounts falling due after more than one year

8

(768,473

)

-

PROVISIONS FOR LIABILITIES

(140,000

)

(140,000

)

NET ASSETS

2,415,911

2,284,864

CAPITAL AND RESERVES

Called up share capital

9

535,130

535,130

Fair value reserve

420,000

420,000

Retained earnings

1,460,781

1,329,734

SHAREHOLDERS' FUNDS

2,415,911

2,284,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

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

(b)

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

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by:

S M Clark - Director

1.	STATUTORY INFORMATION

Blaize Holdings Ltd 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Blaize Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

100

NET BOOK VALUE

At 31 December 2025

100

At 31 December 2024

100

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

1,450,000

Additions

1,259,678

At 31 December 2025

2,709,678

NET BOOK VALUE

At 31 December 2025

2,709,678

At 31 December 2024

1,450,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2022

410,000

Valuation in 2024

150,000

Cost

2,149,678

2,709,678

Investment property is carried at fair value in accordance with Financial Reporting Standard 102 section 1A. The fair value at the reporting date has been determined by the directors, based on their knowledge of the property and market evidence of recent transactions for similar properties in the local area.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed by group undertakings

71,560

470,559

Other debtors

379,372

347,729

450,932

818,288

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

34,998

-

Taxation and social security

36,655

32,604

Other creditors

3,276

3,138

74,929

35,742

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

768,473

-

9.	CALLED UP SHARE CAPITAL

Share Class

Nominal Value per Share

Shares allotted, issued and fully paid up

Total share capital

Ordinary A

£1

50

£50

Ordinary B

£1

50

£50

Ordinary P

£1

10

£10

Ordinary T

£1

10

£10

Ordinary G

£1

10

£10

Redeemable preference shares

£1

535,000

£535,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

S M Clark and Mrs S Clark

Balance outstanding at start of year

265,972

227,053

Amounts advanced

136,811

187,883

Amounts repaid

(128,919

)

(148,964

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

273,864

265,972

Interest has been charged at the HMRC official rate of interest.

11.

SECURITY

The bank loan is secured by a legal charge granted in favour of Lloyds Bank PLC over the land and buildings at Cedar Court, Griffon Road, Quarry Hill Industrial Estate, Ilkeston, Derbyshire, DE7 4RF.

The company and Wepack Ltd have provided guarantees for each other's liabilities to Lloyds Bank PLC.