Company registration number: 03814050

Prime Molasses Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 9

Prime Molasses Limited

(Registration number: 03814050)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	187,903	165,320
Tangible assets	5	129,941	102,983
Investments	6	1	1
Other financial assets		2	2
		317,847	268,306
Current assets
Stocks	7	168,529	1,019,729
Debtors	8	2,921,473	3,012,631
Cash at bank and in hand		866,780	255,995
		3,956,782	4,288,355
Creditors: Amounts falling due within one year	9	(1,148,342)	(2,037,562)
Net current assets		2,808,440	2,250,793
Net assets		3,126,287	2,519,099
Capital and reserves
Called up share capital		9	9
Profit and loss account		3,126,278	2,519,090
Total equity		3,126,287	2,519,099

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.

The notes on pages 2 to 9 form an integral part of these financial statements

Approved and authorised by the Board on 17 February 2026 and signed on its behalf by:
 

D C Hughes Director

Prime Molasses Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
5C Business Park
1 Concorde Drive
Clevedon
North Somerset
BS21 6UH

2	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 Section 1A - '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 except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

The directors have concluded that the company is a going concern and have prepared the financial statements on that basis. Their assessment has incorporated current and forecast trading (profits and cashflows), including consideration of demand for the company’s product and the certainty of supply.

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods net of value added tax in the ordinary course of the company’s activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, 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.

Prime Molasses Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

The current 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.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation of tangible assets

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% straight line
Office equipment	25% straight line

Merger accounting

The trade and assets of Prime Organic Limited were transferred to Prime Molasses Limited as at 31st December 2024 at book value.

Intangible assets

Intangible assets are stated at cost, less accumulated amortisation and accumulated impairment losses.

The cost of intangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Computer software	10% straight line from the date the asset is availible for use

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Prime Molasses Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Other debtors and loans receivable are initially recognised at fair value net of transaction costs and are subsequently measured at amortised cost using the effective interest method less any provision for impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. 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.

All stock purchased from the Parent Company remains the legal property of the Parent Company until the point at which the stock physically leaves the UK distribution site. Until that point, the Parent Company retains ownership and bears all associated risks and rewards of ownership. This agreement was finalised on 1 January 2025 and is not to be applied retrospectively.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Other creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders are recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Prime Molasses Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

Defined contribution pension obligation

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 9 (2024 - 8).

Prime Molasses Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

4	Intangible assets

	Computer software costs  £	Total £
Cost or valuation
At 1 January 2025	166,475	166,475
Additions acquired separately	26,855	26,855
At 31 December 2025	193,330	193,330
At 1 January 2025	1,155	1,155
Amortisation charge	4,272	4,272
At 31 December 2025	5,427	5,427
Carrying amount
At 31 December 2025	187,903	187,903
At 31 December 2024	165,320	165,320

5	Tangible assets

	Furniture, fittings and equipment  £	Office equipment  £	Total £
Cost or valuation
At 1 January 2025	120,973	39,329	160,302
Additions	54,615	7,322	61,937
At 31 December 2025	175,588	46,651	222,239
Depreciation
At 1 January 2025	30,144	27,175	57,319
Charge for the year	28,869	6,110	34,979
At 31 December 2025	59,013	33,285	92,298
Carrying amount
At 31 December 2025	116,575	13,366	129,941
At 31 December 2024	90,829	12,154	102,983

Prime Molasses Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

6	Investments

	2025 £	2024 £
Investments in subsidiaries	1	1