REGISTERED NUMBER: 04093486 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2025

for

Signfab (UK) Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

14

DIRECTORS:

C Hodgson

K L Hodgson

P J Bartholomew

S P Muton

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

BUSINESS ADDRESS:

Byford Road

Leicester

Leicestershire

LE4 0DG

REGISTERED NUMBER:

04093486 (England and Wales)

AUDITORS:

Duncan & Toplis Audit Limited

Statutory Auditor

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

The principal activity of the company during the year was the manufacture and installation of signs.

This year has seen turnover stay fairly stable at £11m compared to £11.9m in 2024.

Under prevailing market conditions the results are considered to be satisfactory and much credit is due to the management and staff throughout the company.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider that the company has potential risks and uncertainties similar to those faced by other companies in the sector, namely retaining the loyalty of its customers and suppliers. For customers this is addressed by maintaining a constant focus on quality of product and high service levels.

Price risk

The company can be exposed to increases in material and supplier costs, especially given the increasing price of raw materials and energy costs in recent years. The company has several risk management strategies in place that aim to reduce the adverse effects on the financial performance of the company by monitoring levels of costs. The company also manages this risk with strong and long-standing commercial relationships with its supply chain, which mitigates impacts on customers.

KEY PERFORMANCE INDICATORS

The directors use a number of performance indicators, both financial and non-financial. Turnover is an important KPI in evaluating the performance of the company. The company also aims to maintain a positive current assets position. These details appear on pages 8 and 9.

FUTURE DEVELOPMENTS

The directors consider that the company's market place will remain competitive for the foreseeable future. However they believe that with its quality product, high level of service and strong management team, the company is well placed to take advantage of every opportunity during that time.

ON BEHALF OF THE BOARD:

C Hodgson - Director

20 August 2026

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

DIVIDENDS

Interim dividends totalling £33.0003 per share were paid on the Ordinary 'C' £1 shares during the year. No dividends were paid on any other classes of shares.

The total distribution of dividends for the year ended 31 December 2025 will be £ 36,663 .

DIRECTORS

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

C Hodgson

K L Hodgson

P J Bartholomew

S P Muton

Other changes in directors holding office are as follows:

M A Smith - resigned 31 January 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company'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 company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

C Hodgson - Director

20 August 2026

Opinion

We have audited the financial statements of Signfab (UK) Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 31 December 2025 and of its 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 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 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 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 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 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 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

-	the 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 three, 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 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 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:

The capability to detect irregularities is based on the auditor identifying and assessing the risks of material misstatement of the financial statements, whether due to fraud or error, and then designing and performing audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

a) Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and

non-compliance with laws and regulations, the following approach was take:

-

Understanding the nature of the industry and sector, control environment and business performance;

-

Consideration of the results of our enquiries of management and those charged with governanceabout their own identification and assessment of the risks of irregularities;

-

Understanding the group and the parent company's policies and procedures on compliance with laws and regulations and management of fraud risk, including documentation of instances ofnon-compliance of laws and regulations and instances of actual, suspected or alleged fraud;

-

Consideration of matters discussed among the audit engagement team regarding how and wherefraud might occur in the financial statements and any potential indicators of fraud;

-

Understanding the legal and regulatory frameworks that the group operates in through enquiry ofmanagement and those charged with governance and understanding the group's industry and sector.The key laws and regulations that were considered to have an effect on material amounts anddisclosures in the financial statements included the Companies Act and tax legislation.

b) Audit response to risks identified

Based on this understanding, the following audit procedures were designed and performed to respond to the risks identified

-

Reviewing the financial statement disclosures and testing to supporting documentation to assesscompliance with applicable laws and regulations described as having a direct effect on the financialstatement;

-

Enquiring of management, those charged with governance and, where applicable, the group'ssolicitors concerning actual and potential litigation and claims;

-

Performing analytical procedures to identify any unusual or unexpected relationships that mayindicate risks of material misstatement due to fraud;

-

Reviewing minutes of meetings of those charged with governance and, where applicable,correspondence with regulators;

-

Performing audit work over the risk of management override of controls, including testing of journalentries and other adjustments for appropriateness and evaluating the business rationale of significanttransactions outside the normal course of business;

-

Communication of potential fraud risks to all engagement team members and remaining alert to anyindications of fraud or non-compliance with laws and regulations throughout the audit.

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 occurring due to fraud 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 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.

Mark Torr (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited

Statutory Auditor

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

20 August 2026

TURNOVER

4

10,977,838

11,946,701

Cost of sales

(7,181,951

)

(8,608,682

)

GROSS PROFIT

3,795,887

3,338,019

Administrative expenses

(3,192,776

)

(3,128,616

)

OPERATING PROFIT

6

603,111

209,403

Interest receivable and similar income

3,827

-

606,938

209,403

Interest payable and similar expenses

7

(111,014

)

(89,726

)

PROFIT BEFORE TAXATION

495,924

119,677

Tax on profit

8

(140,860

)

(47,435

)

PROFIT FOR THE FINANCIAL YEAR

355,064

72,242

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

355,064

72,242

FIXED ASSETS

Tangible assets

10

2,328,942

2,547,468

CURRENT ASSETS

Stocks

11

586,666

585,437

Debtors

12

2,092,243

1,723,814

Cash at bank and in hand

2,767

63,554

2,681,676

2,372,805

CREDITORS

Amounts falling due within one year

13

(2,181,344

)

(2,186,637

)

NET CURRENT ASSETS

500,332

186,168

TOTAL ASSETS LESS CURRENT LIABILITIES

2,829,274

2,733,636

CREDITORS

Amounts falling due after more than one year

14

(615,800

)

(821,466

)

PROVISIONS FOR LIABILITIES

18

(410,764

)

(427,861

)

NET ASSETS

1,802,710

1,484,309

CAPITAL AND RESERVES

Called up share capital

19

11,111

11,111

Share premium

20

8,444

8,444

Retained earnings

20

1,783,155

1,464,754

SHAREHOLDERS' FUNDS

1,802,710

1,484,309

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2026 and were signed on its behalf by:

C Hodgson - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 January 2024

11,111

1,512,512

8,444

1,532,067

Changes in equity

Dividends

-

(120,000

)

-

(120,000

)

Total comprehensive income

-

72,242

-

72,242

Balance at 31 December 2024

11,111

1,464,754

8,444

1,484,309

Changes in equity

Dividends

-

(36,663

)

-

(36,663

)

Total comprehensive income

-

355,064

-

355,064

Balance at 31 December 2025

11,111

1,783,155

8,444

1,802,710

Cash flows from operating activities

Cash generated from operations

1

456,295

1,096,117

Interest paid

(23,681

)

(15,076

)

Interest element of hire purchase payments paid

(87,333

)

(74,650

)

Tax received (paid)

108,425

(190,210

)

Net cash from operating activities

453,706

816,181

Cash flows from investing activities

Purchase of tangible fixed assets

(99,266

)

(396,274

)

Sale of tangible fixed assets

40,297

60,762

Interest received

3,827

-

Net cash from investing activities

(55,142

)

(335,512

)

Cash flows from financing activities

Loan repayments in year

(10,411

)

(10,145

)

Capital repayments in year

(412,066

)

(326,650

)

Amount withdrawn by directors

(211

)

(33,005

)

Equity dividends paid

(36,663

)

(120,000

)

Net cash from financing activities

(459,351

)

(489,800

)

Decrease in cash and cash equivalents

(60,787

)

(9,131

)

Cash and cash equivalents at beginning of year

2

63,554

72,685

Cash and cash equivalents at end of year

2

2,767

63,554

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

31.12.25

31.12.24

£

£

Profit before taxation

495,924

119,677

Depreciation charges

476,187

500,288

Loss on disposal of fixed assets

52,097

23,929

Finance costs

111,014

89,726

Finance income

(3,827

)

-

1,131,395

733,620

Increase in stocks

(1,229

)

(22,213

)

(Increase)/decrease in trade and other debtors

(466,413

)

387,814

Decrease in trade and other creditors

(207,458

)

(3,104

)

Cash generated from operations

456,295

1,096,117

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

2,767

63,554

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

63,554

72,685

3.	ANALYSIS OF CHANGES IN NET DEBT

Other

non-cash

At 1.1.25

Cash flow

changes

At 31.12.25

£

£

£

£

Net cash

Cash at bank

and in hand

63,554

(60,787

)

2,767

63,554

(60,787

)

2,767

Debt

Finance leases

(1,166,922

)

412,066

(250,789

)

(1,005,645

)

Debts falling due

within 1 year

(10,411

)

5,993

-

(4,418

)

Debts falling due

after 1 year

(4,418

)

4,418

-

-

(1,181,751

)

422,477

(250,789

)

(1,010,063

)

Total

(1,118,197

)

361,690

(250,789

)

(1,007,296

)

1.	STATUTORY INFORMATION

Signfab (UK) 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, assuming the company will continue to trade. This assumption depends on the ability of the directors to maintain the necessary financial support.

Turnover

Turnover is measured at fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and Valued Added Tax.

The company recognises turnover when the following criteria have been met:

i) Sale of goods

Revenue from the sale of goods is recognised when :

(a) the significant risks and rewards of ownership have been transferred to the buyer;

(b) the company retains no ongoing involvement or control over the goods;

(c) the revenue can be reliably measured;

(d) it is probable that the Company will receive the consideration due under the transaction; and

(e) the costs incurred in respect of the transaction can be reliably measured.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

5% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price and costs directly attributable to bringing the asset to the location and condition necessary for its intended use.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell on a first out basis after making due allowance for obsolete and slow moving items.

At each balance sheet date, stocks are assessed for impairment. If stock is 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 on a first in first out basis after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are addressed below:

1) Useful economic life of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in estimated useful economic lives and residual values of assets. The useful economic lives and residual values are reviewed annually. They are amended when necessary to reflect current accounting estimates, based on technological advancements, future investments, economic utilization and the physical condition of the assets.

2) Stock provision

In determining stock provisions, future demand and selling price is evaluated and appropriate provisions are made to reflect the risk of obsolescence and impairment in carrying value. The provisioning policy is in place to ensure that the carrying value of stock recognised in the financial statements is lower of cost and net realisable value, in accordance with the stated accounting policy.

4.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

31.12.25

31.12.24

£

£

United Kingdom

10,977,838

11,946,701

10,977,838

11,946,701

5.	EMPLOYEES AND DIRECTORS

31.12.25

31.12.24

£

£

Wages and salaries

3,559,356

3,979,782

Social security costs

399,481

374,111

Other pension costs

223,557

246,634

4,182,394

4,600,527

The average number of employees during the year was as follows:

31.12.25

31.12.24

Directors

4

5

Productive labour

92

101

Office and administration

28

30

124

136

31.12.25

31.12.24

£

£

Directors' remuneration

251,252

298,377

Directors' pension contributions to money purchase schemes

13,272

16,091

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

3

3

Information regarding the highest paid director is as follows:

31.12.25

31.12.24

£

£

Emoluments etc

69,071

72,602

6.	OPERATING PROFIT

The operating profit is stated after charging:

31.12.25

31.12.24

£

£

Hire of plant and machinery

27,305

43,577

Other operating leases

194,177

182,750

Depreciation - owned assets

157,491

179,410

Depreciation - assets on hire purchase contracts

318,695

320,877

Loss on disposal of fixed assets

52,097

23,929

Auditors' remuneration

13,500

13,500

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.12.25

31.12.24

£

£

Bank loan interest

308

503

Factoring interest payable

23,373

14,573

Hire purchase interest

87,333

74,650

111,014

89,726