Year Ended
Registration number:
3D Technologies Limited
Contents
|
Company Information |
|
|
Strategic Report |
|
|
Directors' Report |
|
|
Statement of Directors' Responsibilities |
|
|
Independent Auditor's Report |
|
|
Profit and Loss Account |
|
|
Statement of Comprehensive Income |
|
|
Balance Sheet |
|
|
Statement of Changes in Equity |
|
|
Statement of Cash Flows |
|
|
Notes to the Financial Statements |
3D Technologies Limited
Company Information
|
Directors |
Mr A G Cook Mr A G Rock |
|
Company secretary |
Mrs C Rock |
|
Registered office |
|
|
Auditors |
|
3D Technologies Limited
Strategic Report for the Year Ended 31 December 2025
The directors present their strategic report for the year ended 31 December 2025.
Principal activity
The principal activity of the company is the provision of innovative motion based measuring tools.
Review of the business
During the year, the business saw the full year benefits of Moasure 2 and Pro series devices, which were launched in August 2024 with new technology and improved price points.
Overall revenue, on a like for like 12 month basis, grew circa 15% and contributed to improved gross profit and gross margin, which in turn facilitated ongoing investment in new product development.
This ongoing focus on development, is evidenced by increasing headcount (43 to 61), and that administrative expenses were £6.2m for the year, which is in line with the 18 months ending December 2024.
Those ongoing development activities are focussed on building a pipeline of new products and services for delivery in future financial periods. The development of new products has increased Intangible Assets, whilst ongoing sales performance has seen an increase in working capital, in particular inventory to meet demand.
Debtor increases include loans made to directors during the year, after issuance of those loans cash balances remain neutral.
On the Liabilities side, Creditor balances increased, with Corporation tax owed increasing by circa £765k, whilst December billing for increased inventory remained outstanding at year end.
Overall the balance sheet strengthened significantly over the year, with Total Assets increasing to £10.6m from £7.2m and Net Assets increasing circa £1.75m to circa £7.2m, leaving the company in very good health entering 2026.
3D Technologies Limited
Strategic Report for the Year Ended 31 December 2025
Principal risks and uncertainties
The business operates globally, and as such macro-economic factors which cause global economic uncertainty, could have a business impact. The Directors recognise the global challenges and the business’s exposure to issues such as tariffs from the current US government, trade challenges with China and key conflicts in Ukraine and the middle East which affect energy pricing and could impact operating costs. Alongside this are the challenges in currency creating some uncertainty for production planning and supply chain. The business continues to review its sources of manufacturing, assembly and supply of key parts, as it continues its rapid business growth and ramp up activity for existing and new products.
The Directors and Leadership team believe in a balanced approach, being both prudent whilst recognising the need to continue to invest in new products, open new markets and capture the right talent and skills to support the medium-term strategy.
Through monthly internal reporting, and regular board meetings, the Directors monitor the strength of the business and expect the Company to continue to promote its current and new products and software services and believe the Company is very well placed to benefit from long-term growth. They continue to monitor the strength of the business, and aligned to the current product portfolio, the business is ready to deliver new products in all our key markets.
The Company is exposed to various risks and whilst crystallisation of such risks, where not fully mitigated, would have a detrimental impact on the Company’s financial results, none are deemed sufficiently material to prevent the Company continuing as a going concern, leaving the Directors confident that the Company is well positioned to manage overall risks successfully.
Approved and authorised by the
|
......................................... |
3D Technologies Limited
Directors' Report for the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Directors of the company
The directors who held office during the year were as follows:
Financial instruments
Objectives and policies
The company's principle financial instruments comprise bank balances, trade debtors and creditors and amounts due to and from directors. The principal purpose of these financial instruments is to support the company's trading activities and manage working capital requirements.
Price risk, credit risk, liquidity risk and cash flow risk
The Company is exposed to financial risks including credit risk, currency risk and liquidity risk. The directors regularly review these risks and take appropriate action to mitigate them.
The main income stream for the company is through a direct to consumer model with payment made ahead of the delivery of the product. The directors therefore consider the credit risk to be low.
Liquidity risk is managed by maintaining adequate cash reserves and through
ongoing monitoring of forecast and actual cash flows.
The Company has exposure to foreign exchange risk arising from international sales and manufacturing activities. The directors monitor exchange rate movements regularly and
consider the level of exposure to be manageable.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved and authorised by the
|
......................................... |
3D Technologies Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report 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 apply them consistently; |
|
• |
make judgements and accounting estimates that are reasonable and prudent; |
|
• |
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
|
• |
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.
3D Technologies Limited
Independent Auditor's Report to the Members of 3D Technologies Limited
Opinion
We have audited the financial statements of 3D Technologies Limited (the 'company') for the year ended 31 December 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and 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 auditor 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 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 company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were 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 included in the annual report, other than the financial statements and our auditor’s report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
3D Technologies Limited
Independent Auditor's Report to the Members of 3D Technologies Limited
We have nothing to report in this regard.
Opinion on other matter 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
|
• |
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our 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 and the Directors' Report.
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 5, 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 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 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.
Auditor 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
3D Technologies Limited
Independent Auditor's Report to the Members of 3D Technologies Limited
As part of our planning we obtained an understanding of the legal and regulatory framework that is applicable to the company. We gained an understanding of the industry in which the company operates as part of this assessment to identify the key laws and regulations affecting the company. As part of this, we reviewed the company's website for indication of the regulations and certification in place and discussed these with the relevant individuals responsible for compliance.
The key regulations we identified were employment law, health and safety regulations, tax legislation, general data protection regulation (GDPR) and Electrical equipment (safety) regulations 2016. We have also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the UK Generally Accepted Accounting Practice and the Companies Act 2006.
We discussed with management how the compliance with these laws and regulations is monitored and discussed policies and procedures in place. As part of our planning procedures, we assessed the risk of non-compliance with laws and regulations on the company's ability to continue operating and the risk of material misstatement to the accounts. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved the following:
- Enquiries of management regarding their knowledge of any non-compliance with laws and regulations that could affect the financial statements.
- Review of the company's health and safety incident logs, for any instances of reportable breaches or non-compliance.
-Review of the Information Commissioner's Office (ICO) website for any enforcement actions or decision impacting the company.
- Reviewed the legal and professional costs to identify any possible non-compliance or legal costs in respect of non-compliance.
As part of our enquiries, we discussed with management whether there had been any instances of known or alleged fraud, of which management confirmed that there were none. We remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
We assessed the susceptibility of the financial statements to material misstatements through management override or fraud and obtained an understanding of the controls in place to mitigate the manipulation of the financial statements. The key risk we identified was manipulation of results with the principle risks relating to overstatement of revenue to present a more favourable commercial position. Based upon our understanding we designed and conducted audit procedures including:
- Audited the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.
-Reviewed estimates and judgements made in the accounts for any indication of bias and challenged assumptions used by management in making the estimates.
- Performed accuracy and existence procedures on revenue and cut off procedures both before the period end and after.
- Investigated the rationale behind significant or unusual transactions.
3D Technologies Limited
Independent Auditor's Report to the Members of 3D Technologies Limited
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. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate omissions, collusion, forgery, misrepresentations, or the override of internal controls. We are also less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: 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 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.
......................................
90 Victoria Street
Redcliffe
BS1 6DP
3D Technologies Limited
Profit and Loss Account
Year Ended 31 December 2025
|
Note |
12 month period |
18 month period |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Operating profit |
2,135,355 |
3,077,522 |
|
|
Other interest receivable and similar income |
|
- |
|
|
Interest payable and similar expenses |
( |
( |
|
|
133,677 |
(1,276) |
||
|
Profit before tax |
|
|
|
|
Tax on profit |
( |
( |
|
|
Profit for the financial year |
|
|
The above results were derived from continuing operations.
3D Technologies Limited
Statement of Comprehensive Income
Year Ended 31 December 2025
|
12 month period |
18 month period |
|
|
Profit for the year |
|
|
|
Surplus on revaluation of other assets |
|
|
|
Total comprehensive income for the year |
|
|
3D Technologies Limited
Balance Sheet
31 December 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Intangible assets |
|
|
|
|
Tangible assets |
|
|
|
|
|
|
||
|
Current assets |
|||
|
Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
19 |
19 |
|
|
Share premium reserve |
591,027 |
591,027 |
|
|
Share option reserve |
924,597 |
884,969 |
|
|
Profit and loss account |
5,656,590 |
3,955,646 |
|
|
Shareholders' funds |
7,172,233 |
5,431,661 |
Approved and authorised by the
|
......................................... |
Company Registration Number: 09095150
3D Technologies Limited
Statement of Changes in Equity
Year Ended 31 December 2025
|
Share capital |
Share premium |
Share option reserve |
Profit and loss account |
Total |
|
|
At 1 January 2025 |
|
|
|
|
|
|
Profit for the year |
- |
- |
- |
|
|
|
Other comprehensive income |
- |
- |
|
- |
|
|
Total comprehensive income |
- |
- |
|
|
|
|
At 31 December 2025 |
|
|
|
|
|
|
Share capital |
Share premium |
Share option reserve |
Profit and loss account |
Total |
|
|
At 1 July 2023 |
|
|
|
|
|
|
Profit for the period |
- |
- |
- |
|
|
|
Other comprehensive income |
- |
- |
|
- |
|
|
Total comprehensive income |
- |
- |
|
|
|
|
At 31 December 2024 |
19 |
591,027 |
884,969 |
3,955,646 |
5,431,661 |
3D Technologies Limited
Statement of Cash Flows
Year Ended 31 December 2025
|
Note |
12 month period |
18 month period |
|
|
Cash flows from operating activities |
|||
|
Profit for the year |
|
|
|
|
Adjustments to cash flows from non-cash items |
|||
|
Depreciation and amortisation |
|
|
|
|
Profit on disposal of tangible assets |
( |
- |
|
|
Finance income |
( |
- |
|
|
Finance costs |
|
|
|
|
Share based payment transactions |
|
|
|
|
Income tax expense |
|
|
|
|
|
|
||
|
Working capital adjustments |
|||
|
Increase in stocks |
( |
( |
|
|
Increase in debtors |
( |
( |
|
|
Increase in creditors |
|
|
|
|
Cash generated from operations |
|
|
|
|
Income taxes paid |
( |
( |
|
|
Net cash flow from operating activities |
|
|
|
|
Cash flows from investing activities |
|||
|
Interest received |
|
- |
|
|
Acquisitions of tangible assets |
( |
( |
|
|
Proceeds from sale of tangible assets |
|
- |
|
|
Acquisition of intangible assets |
( |
( |
|
|
Net cash flows from investing activities |
( |
( |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
( |
|
|
Net increase in cash and cash equivalents |
|
|
|
|
Cash and cash equivalents at 1 January 2025 (2024: 1 July 2023) |
|
|
|
|
Cash and cash equivalents at 31 December |
3,451,692 |
3,380,311 |
|
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The presentational currency of the company is pounds Sterling as this is the currency of the economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest pound.
The current year is the 12 months to 31 December 2025, the comparative is the 18 month period from 1 July 2023 to 31 December 2024.
Going concern
In making their going concern assessment the directors have taken into consideration; relationships with key customers and key suppliers; the balance sheet position; the financial performance and position of the Company, taking account of the expected levels of trading performance. Consequently, the Directors have a reasonable expectation the Company has adequate resources to continue operationally for the foreseeable future, being no less than 12 months from the date of approval of these financial statements, and continues to adopt the going-concern basis for preparation of its financial statements.
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Key sources of estimation uncertainty
In the application of the Company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from the sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate where the revision affects only that period, or in the period of the revision and future periods where the revision reflects both current and future periods.
The key estimates that have a significant effect on the amounts recognised in the financial statements are described below.
Determining whether stock is held at the correct value by ensuring it is stated at the lower of cost or net realisable value, the estimate being the selling price less costs to complete and sell. Stock is assessed for impairment and potential provision is estimated. Management regularly review the selling profile of stock and assess any needs for an impairment. The carrying amount is £1,042,305 (2024 -£803,555).
The determination of the useful economic life of patents and capitalised research and development (R&D) costs involves significant judgement. Management estimates the period over which these assets are expected to generate economic benefits, based on factors such as legal protection, technological obsolescence, market trends, and expected product lifecycle. The carrying amount is £2,548,617 (2024 -£1,818,076).
The fair value of share options granted under the company’s share-based payment arrangements is determined using an option pricing model, in this case management have used the Black-Scholes model. This valuation requires the use of several key assumptions and estimates, including the expected volatility of the company’s share price, the risk-free interest rate, expected dividend yield, and the expected life of the options. These inputs are based on historical data, market conditions, and management’s judgement at the grant date. Changes in these assumptions could materially affect the fair value of the options and the associated expense recognised in the financial statements. Management reviews the assumptions annually and updates them where appropriate. The expense recognised in the year in respect of share-based payments was £39,628 (2024: £276,825) based on the estimated number of options expected to vest and the fair value determined at grant date. The carrying amount is £924,597 (2024 -£884,969).
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
Revenue is recognised when the goods are dispatched.
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Research and development expenditure
Research and development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Plant and equipment |
at varying rates on straight line basis |
|
Computers |
33% straight line basis |
|
Motor vehicles |
25% straight line basis |
Intangible assets
Separately acquired patents and licences are shown at historical cost.
Patents and licences have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Patents & licences |
amortised over the life of the patent, applications not yet granted over 10 years |
|
Development costs |
amortised evenly over their estimated useful life of 4 years |
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Share based payments
The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the period, which is the period over which all of the specified vesting conditions are to be satisfied.
The equity element of the plan is credited to share option reserve.
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Financial instruments
Classification
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Impairment
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
|
12 month period |
18 month period |
|
|
Sale of goods |
|
|
The analysis of the company's Turnover for the year by market is as follows:
|
12 month period |
18 month period |
|
|
UK |
|
|
|
Europe |
|
|
|
Rest of world |
|
|
|
|
|
|
Operating profit |
Arrived at after charging/(crediting)
|
12 month period |
18 month period |
|
|
Depreciation expense |
|
|
|
Amortisation expense |
|
|
|
Research and development cost |
( |
( |
|
Foreign exchange losses |
|
|
|
Profit on disposal of property, plant and equipment |
( |
- |
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
12 month period |
18 month period |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
Other employee expense |
|
|
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
12 month period |
18 month period |
|
|
Engineering |
|
|
|
Management and admin |
|
|
|
Marketing and customer service |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
12 month period |
18 month period |
|
|
Remuneration |
|
|
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
During the year the number of directors who were receiving benefits and share incentives was as follows:
|
12 month period |
18 month period |
|
|
Received or were entitled to receive shares under long term incentive schemes |
|
|
In respect of the highest paid director:
|
12 month period |
18 month period |
|
|
Remuneration |
|
|
|
Auditor's remuneration |
|
12 month period |
18 month period |
|
|
Audit of the financial statements |
|
|
|
Other interest receivable and similar income |
|
12 month period |
18 month period |
|
|
Interest income on bank deposits |
|
- |
|
Other finance income |
|
- |
|
|
- |
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Interest payable and similar expenses |
|
12 month period |
18 month period |
|
|
Interest on bank overdrafts and borrowings |
- |
|
|
Interest expense on other finance liabilities |
|
|
|
|
|
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
12 month period |
18 month period |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
UK corporation tax adjustment to prior periods |
|
( |
|
460,333 |
301,984 |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
|
|
Arising from changes in tax rates and laws |
( |
- |
|
Total deferred taxation |
|
|
|
Tax expense in the income statement |
|
|
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - lower than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
12 month period |
18 month period |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Increase/(decrease) in UK and foreign current tax from adjustment for prior periods |
|
( |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Deferred tax (credit)/expense from unrecognised tax loss or credit |
( |
|
|
Tax decrease from effect of adjustment in research and development tax credit |
- |
( |
|
Tax (decrease)/increase from other tax effects |
( |
|
|
Total tax charge |
|
|
Deferred tax
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
|
Fixed asset timing differences |
- |
|
|
Short term timing differences |
( |
- |
|
( |
|
|
2024 |
Asset |
Liability |
|
Fixed asset timing differences |
- |
|
|
Short term timing differences |
( |
- |
|
( |
|
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Intangible assets |
|
Patents and licences |
Development costs |
Total |
|
|
Cost or valuation |
|||
|
At 1 January 2025 |
|
|
|
|
Additions acquired separately |
|
|
|
|
At 31 December 2025 |
|
|
|
|
Amortisation |
|||
|
At 1 January 2025 |
|
|
|
|
Amortisation charge |
|
|
|
|
At 31 December 2025 |
|
|
|
|
Carrying amount |
|||
|
At 31 December 2025 |
|
|
|
|
At 31 December 2024 |
|
|
|
The aggregate amount of research and development expenditure recognised as an expense during the period is £(
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Tangible assets |
|
Computers |
Motor vehicles |
Plant and machinery |
Total |
|
|
Cost or valuation |
||||
|
At 1 January 2025 |
|
|
|
|
|
Additions |
|
|
|
|
|
Disposals |
- |
( |
- |
( |
|
At 31 December 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 January 2025 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
Eliminated on disposal |
- |
( |
- |
( |
|
At 31 December 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 31 December 2025 |
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
|
Stocks |
|
2025 |
2024 |
|
|
Raw materials |
|
|
|
Finished goods |
|
|
|
|
|
|
Debtors |
|
2025 |
2024 |
|
|
Trade debtors |
|
|
|
Other debtors |
|
|
|
Income tax asset |
|
|
|
Prepayments |
|
|
|
|
|
Included within current year prepayments are deposits and prepayments of £349,751 that were classified within other debtors in the prior year. The comparative other debtors balance includes £322,163 in respect of such deposits and prepayments.
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash on hand |
|
|
|
Cash at bank |
|
|
|
|
|
|
Analysis of changes in net debt |
|
At 1 January 2025 |
Cash flows |
At 31 December 2025 |
|
|
Cash and cash equivalents |
|||
|
Cash |
3,380,311 |
71,381 |
3,451,692 |
|
|
|
|
|
|
|
|||
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Trade creditors |
|
|
|
|
Social security and other taxes |
|
|
|
|
Outstanding defined contribution pension costs |
|
|
|
|
Corporation tax |
1,048,129 |
284,145 |
|
|
Accruals |
|
|
|
|
|
|
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Obligations under leases |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
- |
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
The commitment disclosed represents the full contractual obligation to the expiry date; however, the leases include tenant break options exercisable, with up to 12 months’ notice, from 31 October 2026.
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 January 2025 |
|
|
|
Increase (decrease) in existing provisions |
|
|
|
At 31 December 2025 |
|
|
|
|
||
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Share-based payments |
Scheme details and movements
The estimated fair value of the shares on the date of the grant as determined by the Board of Directors is based upon the most recent actual share transactions. The options only vest in the event of a sale of the business.
At the year end, there were 6,108 share options in the company in existence (2024: 6,159) with exercise price of 0.1p (2024: 0.1p).
The company continues to operate share based payments for some of its suppliers in lieu of payment for goods and services which are included within the total share options in existence.
The company recognised a net expense of £39,627 related to equity-settled share based payment transactions in the 12 months ended 31st December 2025 (2024: £276,825) and is calculated using the Black Scholes Model.
The movements in the number of share options during the year were as follows:
|
2025 |
2024 |
|
|
Outstanding, start of period |
|
|
|
Granted during the period |
- |
|
|
Forfeited during the period |
( |
( |
|
Outstanding, end of period |
|
|
|
|
||
3D Technologies Limited
Notes to the Financial Statements
Year Ended 31 December 2025
|
Share capital |
Allotted, called up and fully paid shares
|
|
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
Ordinary shares of £0.001 each |
19,328 |
19 |
19,328 |
19 |
|
Parent and ultimate parent undertaking |
The ultimate controlling party is
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £
|
Related party transactions |
|
Other transactions with directors |
During the year, online business expenditure of £1,920,414 (2024 - £5,733,425) was incurred by the company through payments made using a director's credit card. The director was reimbursed for the exact expenditure incurred on the company's behalf.
Included within other debtors is an amount due from a director equal to £1,825,597 (2024 - £270,230). This includes a loan advanced to a director in the year of £1.5m. The loan was unsecured and interest bearing at HMRC's prevailing rate and is repayable on 18th March 2030.
During the year, the company also advanced a loan of £300,000 to a director. The loan was unsecured and interest bearing at HMRC's prevailing rate. The balance outstanding as at the year end was £300,000. The loan was fully repaid after the year end on 21st April 2026.
Summary of transactions with other related parties