REGISTERED NUMBER: 06425405 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

INTERNORM WINDOWS UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N P Abl

A Kaufmann

REGISTERED OFFICE:

The Galleries

Charters Road

Sunningdale

Berkshire

SL5 9QJ

REGISTERED NUMBER:

06425405 (England and Wales)

SENIOR STATUTORY AUDITOR:

Dawn O'Leary CA

AUDITORS:

Davis Burton Sellek

Chartered Accountants

Statutory Auditors

The Galleries

Charters Road

Sunningdale

Berkshire

SL5 9QJ

BANKERS:

Metro Bank plc

One Southampton Row

London

WC1B 5HA

FIXED ASSETS

Tangible assets

4

458,935

589,318

CURRENT ASSETS

Debtors

5

1,442,581

1,537,099

Cash at bank

2,825,270

1,321,460

4,267,851

2,858,559

CREDITORS

Amounts falling due within one year

6

4,194,801

3,581,785

NET CURRENT ASSETS/(LIABILITIES)

73,050

(723,226

)

TOTAL ASSETS LESS CURRENT LIABILITIES

531,985

(133,908

)

CAPITAL AND RESERVES

Called up share capital

8

840,565

40,565

Retained earnings

(308,580

)

(174,473

)

SHAREHOLDERS' FUNDS

531,985

(133,908

)

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 12 March 2026 and were signed on its behalf by:

A Kaufmann - Director

1.	STATUTORY INFORMATION

Internorm Windows 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.

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.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other 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 is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. Whilst the results and the closing position for the year are disappointing, the directors have reviewed the company's budgets and projections which demonstrate the company's ability to continue as a going concern for a period of at least twelve months. The directors recognise the challenges facing the company and the industry generally and are already in the process of implementing a restructuring plan aimed at improving the company's financial position and operational efficiency. In addition, the parent company has provided assurance that it will continue to support the company financially during the restructuring period, should additional funding be required. The directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition

Revenue represents net invoiced goods excluding value added tax.

Revenue comprise invoices to third party customers for the supply of windows and doors. Revenue is valued at the unit price per product multiplied by the number of products ordered. It is recognised when the product is delivered. Deposit invoices are raised when an order is placed. These amounts are included within deferred income and are recognised in the period in which the products are delivered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 10%/20% on cost

Motor vehicles - 20%/25% on cost

Computer equipment - 10%/25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to the profit and loss account.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Equity instruments

Equity instruments issued by the company are recorded at proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

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

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

1,223,973

290,362

4,207

1,518,542

Additions

19,996

-

-

19,996

At 31 December 2025

1,243,969

290,362

4,207

1,538,538

DEPRECIATION

At 1 January 2025

714,281

211,086

3,857

929,224

Charge for year

111,149

39,167

63

150,379

At 31 December 2025

825,430

250,253

3,920

1,079,603

NET BOOK VALUE

At 31 December 2025

418,539

40,109

287

458,935

At 31 December 2024

509,692

79,276

350

589,318

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,131,869

1,305,228

Other debtors

310,712

231,871

1,442,581

1,537,099

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

118,739

54,987

Amounts owed to group undertakings

2,601,686

2,524,067

Social security and other taxes

20,462

19,167

Pension

2,654

-

VAT

461,791

191,879

Deferred income

946,611

768,397

Accrued expenses

42,858

23,288

4,194,801

3,581,785

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

72,000

72,000

Between one and five years

210,000

282,000

282,000

354,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

840,565

Ordinary

£1

840,565

40,565

(2024 - 40,565 )

During the year ended 31 December 2025, the company issued 800,000 Ordinary shares at £1 per share to Internorm International GmbH.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dawn O'Leary CA (Senior Statutory Auditor)

for and on behalf of Davis Burton Sellek

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.

CONTROL

The controlling party is Internorm International GmbH, a company registered in Austria.

The ultimate controlling party is IFN Beteiligungs GmbH, a company registered in Austria.

Ultimate control in the current and previous financial year is with A. Klinger, C. Klinger and S. Kubinger.