REGISTERED NUMBER: 02737780 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

INTERFOAM LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

C Fregapane

M P Fregapane

R P Fregapane

P D Cheney

R Bangerh

REGISTERED OFFICE:

Unit D

Ronald Close

Woburn Road Industrial Estate

Kempston

Bedfordshire

MK42 7SH

REGISTERED NUMBER:

02737780 (England and Wales)

SENIOR STATUTORY AUDITOR:

Rebecca Pickard FCCA

AUDITORS:

TC Group, Statutory Auditor

1 Rushmills

Bedford Road

Northampton

Northamptonshire

NN4 7YB

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

REVIEW OF BUSINESS

Principal activity

The principal activity of the company in the year under review was that of manufacturer and distribution of

foam inserts for the furniture, aerospace, medical, automotive and construction sectors.

Result and performance

Turnover was £11,978,326 (2024: £12,174,702) a decrease of 2%, gross margins have decreased to 34.3% from 35.8%. The entity made an operating profit of £577,757 (2024: £805,598).

The directors are satisfied with the progress of the business during year; and are pleased to have maintained and enhanced the customer and supplier base during this period. The strong revenue position and profitability in this year is acknowledged as being due to the strong relationships built with both customers and suppliers, and with the valuable assistance and support of the company's workforce. The company remains committed to working actively and closely with all such stakeholders. The company has continued to invest in both its people and equipment such that the directors consider that they are well placed to sustain, and build, on the developments evidenced during this last financial year.

PRINCIPAL RISKS AND UNCERTAINTIES

The Board considers that any business risk is largely attached to the economic position of its customer base and the economic and technological environment in which customers exist. The Board considers that the company's customer base is as diversified as at any stage in its history such that it has sought to

mitigate a measure of this risk.

Price risk

The company is exposed to price risk due to normal inflationary increases in the purchase price of goods

and services. The company has no exposure to equity securities price risk as it holds no listed or other equity instruments.

Liquidity risk

The company makes efforts to manage financial risk by the monitoring of cash-flow to meet operational

and investment requirements.

Credit risk

The company's principal financial assets are cash and trade debtors. The credit risk associated with cash is limited and therefore the principal credit risk arises from its trade debtors. In order to manage credit risk, the directors set limits for customers based on a combination of payment history and credit references. These credit limits are regularly reviewed by the directors and trading positions relative to these are acted upon.

Interest rate risk

The company does hold substantial cash balances at the present time and assets which only earn a

low rate of interest due to the present economic situation.

Economic risk

The directors have considered the ongoing economic challenges in relation to their risk assessment and impact on the business. In their opinion they continue to take all reasonable steps to mitigate factors arising, including the consideration of employment sustainability, sourcing of supplies and customer base retention. Such factors are considered by the directors to represent ongoing inherent risk to the business that they will continue to seek to manage including any risks to cashflow, revenue sustainability and continued access to supply.

RESEARCH & DEVELOPMENT

The directors are optimistic that the investment in development of new products will create greater

marketing opportunities and deliver increased sales.

KEY PERFORMANCE INDICATORS

The directors monitor the business on the basis of revenue and gross margin targets. The directors actively monitor trade receivables recovery metrics.

SUBSEQUENT EVENTS

There are no significant post balance sheet events.

FUTURE DEVELOPMENTS

The company intends to continue its present management policies for the foreseeable future and will

continue to seek to grow the business through organic growth.

ON BEHALF OF THE BOARD:

C Fregapane - Director

6 August 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of manufacturer and distribution of foam inserts for the furniture, aerospace, automotive and construction sectors.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2025 was £150,000 (year ended 31 December 2024 - £100,000)

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 Fregapane

M P Fregapane

R P Fregapane

P D Cheney

R Bangerh

Other changes in directors holding office are as follows:

D Fay - resigned 31 December 2025

FINANCIAL INSTRUMENTS

The company utilises various financial instruments including, cash and various items such as trade debtors

and trade creditors that arise directly from its operations. The main purpose of these is to raise finance for the

group's operations. The existence of these financial instruments exposes the company to a number of financial risks, which are described in more detail in the Strategic Report.

POLITICAL DONATIONS AND EXPENDITURE

No political donations made during the year.

DISCLOSURE IN THE STRATEGIC REPORT

As permitted by Paragraph 1A of schedule 7 to the Large and Medium-sized Companies and Groups (Accounts and reports) Regulations 2008 certain matters which are required to be disclosed in the directors' report have been omitted as they are included in the strategic report instead. These matters relate to Business review, Principal risks and uncertainties and Key performance indicators.

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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.

AUDITORS

The auditors, TC Group, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C Fregapane - Director

6 August 2026

Opinion

We have audited the financial statements of Interfoam Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 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 pages four and five, 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.

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:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant frameworks which are directly relevant so specific assertions in the financial statements are those that relate to the reporting framework (UK GAAP and the Companies Act 2006) and the relevant tax compliance regulations in the UK.

We understood how the company is complying with those frameworks by making enquiries of management and those responsible for legal and compliance procedures. We corroborated our enquiries through review of board minutes and discussions with those charged with governance.

We assess the susceptibility of the company's financial statements to material misstatement, including how fraud might occur, by discussion with management from various parts of the business to understand where they considered there was a susceptibility to fraud. We considered the procedures and controls that the company has established to prevent and detect fraud, and how these are monitored by management, and also any enhanced risk factors such as performance targets.

Based on our understanding, we designed our audit procedures to identify any non-compliance with laws and regulations identified in the paragraphs above.

We also performed audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

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.

Rebecca Pickard FCCA (Senior Statutory Auditor)

for and on behalf of TC Group, Statutory Auditor

1 Rushmills

Bedford Road

Northampton

Northamptonshire

NN4 7YB

12 August 2026

TURNOVER

3

11,978,326

12,174,702

Cost of sales

7,864,411

7,816,267

GROSS PROFIT

4,113,915

4,358,435

Administrative expenses

3,548,772

3,562,363

565,143

796,072

Other operating income

12,614

9,526

OPERATING PROFIT

6

577,757

805,598

Interest receivable and similar income

46,974

32,452

PROFIT BEFORE TAXATION

624,731

838,050

Tax on profit

7

90,215

94,042

PROFIT FOR THE FINANCIAL YEAR

534,516

744,008

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

534,516

744,008

FIXED ASSETS

Intangible assets

9

41,667

24,167

Tangible assets

10

783,291

688,516

824,958

712,683

CURRENT ASSETS

Stocks

11

901,979

820,497

Debtors

12

4,170,427

3,931,964

Cash at bank and in hand

2,072,455

1,998,486

7,144,861

6,750,947

CREDITORS

Amounts falling due within one year

13

1,475,620

1,361,638

NET CURRENT ASSETS

5,669,241

5,389,309

TOTAL ASSETS LESS CURRENT LIABILITIES

6,494,199

6,101,992

PROVISIONS FOR LIABILITIES

15

118,596

110,905

NET ASSETS

6,375,603

5,991,087

CAPITAL AND RESERVES

Called up share capital

16

1,000

1,000

Retained earnings

17

6,374,603

5,990,087

SHAREHOLDERS' FUNDS

6,375,603

5,991,087

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2026 and were signed on its behalf by:

C Fregapane - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

1,000

5,346,079

5,347,079

Changes in equity

Dividends

-

(100,000

)

(100,000

)

Total comprehensive income

-

744,008

744,008

Balance at 31 December 2024

1,000

5,990,087

5,991,087

Changes in equity

Dividends

-

(150,000

)

(150,000

)

Total comprehensive income

-

534,516

534,516

Balance at 31 December 2025

1,000

6,374,603

6,375,603

1.	STATUTORY INFORMATION

Interfoam 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.

There were no material departures from the standard.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. We have considered the estimates and assumptions made by the company and have not identified any which are deemed to have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Turnover is recognised when the goods are delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

30% on reducing balance

Tangible fixed assets are initially recorded at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial assets, including trade and other receivables, cash and bank balances and investments, are initially recognised at transaction price, 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. Basic financial assets, including trade and other receivables, cash and bank balances and investments, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate.The impairment loss is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities, including trade and other payables, and bank and other loans, 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 receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

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, except that development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project

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

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.

Going concern

As at the point of authorising the accounts, and for the foreseeable future, the directors consider the

going concern assumption to still be appropriate. The directors acknowledge that given the rapidly

changing business and social environment, there are likely to be significant unknown factors which

may present themselves. Such factors are considered by the directors to represent a general

inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

3.

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:

2025

2024

£

£

United Kingdom

11,226,028

10,994,694

Europe

53,091

107,554

Rest of the world

699,207

1,072,454

11,978,326

12,174,702

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

4,144,785

3,916,622

Social security costs

481,254

365,263

Other pension costs

135,973

96,894

4,762,012

4,378,779

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

2025

2024

Admin

6

6

Production

115

110

Management

12

12

133

128

5.	DIRECTORS' EMOLUMENTS

2025

2024

£

£

Directors' remuneration

481,685

447,164

Directors' pension contributions to money purchase schemes

16,549

16,549

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

Money purchase schemes

5

5

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

103,126

109,080

6.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Hire of plant and machinery

-

1,743

Other operating leases

709,138

721,940

Depreciation - owned assets

183,272

153,468

(Profit)/loss on disposal of fixed assets

(12,332

)

11,044

Goodwill amortisation

7,500

833

Auditors' remuneration

16,725

16,275

Auditors' remuneration for non audit work

55,033

51,748

Foreign exchange differences

992

43,827

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

74,411

87,887

Tax adjustment on previous

period

8,113

(5,929

)

Total current tax

82,524

81,958

Deferred tax

7,691

12,084

Tax on profit

90,215

94,042

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

624,731

838,050

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

156,183

209,513

Effects of:

Expenses not deductible for tax purposes

12,482

15,512

Income not taxable for tax purposes

(3,083

)

(8,793

)

Capital allowances in excess of depreciation

(4,169

)

(14,637

)

Utilisation of tax losses

(84,715

)

(113,708

)

Group relief

(2,287

)

-

Deferred tax

7,691

12,084

Prior year tax adjustment

8,113

(5,929

)

Total tax charge

90,215

94,042

8.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

150,000

100,000

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

25,000

Additions

25,000

At 31 December 2025

50,000

AMORTISATION

At 1 January 2025

833

Amortisation for year

7,500

At 31 December 2025

8,333

NET BOOK VALUE

At 31 December 2025

41,667

At 31 December 2024

24,167

10.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2025

340,637

1,862,330

129,942

514,618

2,847,527

Additions

-

201,819

7,049

90,396

299,264

Disposals

-

(14,000

)

-

(120,200

)

(134,200

)

At 31 December 2025

340,637

2,050,149

136,991

484,814

3,012,591

DEPRECIATION

At 1 January 2025

340,637

1,454,509

79,173

284,692

2,159,011

Charge for year

-

99,053

7,792

76,427

183,272

Eliminated on disposal

-

(4,667

)

-

(108,316

)

(112,983

)

At 31 December 2025

340,637

1,548,895

86,965

252,803

2,229,300

NET BOOK VALUE

At 31 December 2025

-

501,254

50,026

232,011

783,291

At 31 December 2024

-

407,821

50,769

229,926

688,516

11.

STOCKS

2025

2024

£

£

Raw materials

715,108

557,365

Finished goods

186,871

263,132

901,979

820,497