REGISTERED NUMBER: 03898570 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CORROVENTA LIMITED

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

S E V Axelsson

REGISTERED OFFICE:

Unit 47 Melford Court

Hardwick Grange

Warrington

Cheshire

WA1 4RZ

REGISTERED NUMBER:

03898570 (England and Wales)

AUDITORS:

C. Wilkinson & Co.

Chartered Accountants and Statutory Auditors

Britannic House

657 Liverpool Road

Irlam

Manchester

Greater Manchester

M44 5XD

The director presents her 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 sales and rental of machinery and other equipment.

DIRECTOR

S E V Axelsson held office during the whole of the period from 1 January 2025 to the date of this report.

The director shown below was in office at 31 December 2025 but did not hold any interest in the Ordinary shares of £1 each at 1 January 2025 or 31 December 2025.

S E V Axelsson

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless she is 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 director is 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 director is 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 her to ensure that the financial statements comply with the Companies Act 2006. She is 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 director is 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 she has taken all the steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, C. Wilkinson & Co., will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S E V Axelsson - Director

30 April 2026

FIXED ASSETS

Tangible assets

4

2,892

4,851

CURRENT ASSETS

Stocks

464,964

607,024

Debtors

5

256,116

666,907

Cash at bank

-

142,717

721,080

1,416,648

CREDITORS

Amounts falling due within one year

6

(451,126

)

(910,543

)

NET CURRENT ASSETS

269,954

506,105

TOTAL ASSETS LESS CURRENT LIABILITIES

272,846

510,956

CAPITAL AND RESERVES

Called up share capital

250,000

250,000

Retained earnings

22,846

260,956

SHAREHOLDERS' FUNDS

272,846

510,956

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2026 and were signed by:

S E V Axelsson - Director

1.	STATUTORY INFORMATION

Corroventa Limited is a private company limited by shares, incorporated and registered in England and Wales. The company’s registered number and registered office address can be found on the Company Information page.

The company’s immediate parent company is Corroventa Avfuktning AB, a company incorporated in Sweden.

The company’s ultimate parent company and controlling party is Volati AB, a company incorporated in Sweden.

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, management is required to make judgements, estimates and assumptions that affect the amounts reported in the financial statements.

The key area of estimation uncertainty is the recoverability of trade debtors, including the level of provision for bad debts, which is based on historical experience and specific customer circumstances.

Turnover

Turnover represents amounts receivable from customers for goods supplied and services provided in the normal course of business, net of value added tax and trade discounts.

Revenue is recognised when control of the goods or services has transferred to the customer, being:

- when the Company despatches the products to the customer; and

- as the services are provided, where applicable

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation.

Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows;

Improvements to property - over the term of the lease

Plant and machinery - 25% on cost

Fixtures and fittings - 33% 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 profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

No deferred tax asset has been recognised in respect of tax losses carried forward due to uncertainty over the availability of sufficient future taxable profits against which the losses can be utilised.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2025

13,272

82,948

33,339

129,559

Additions

-

-

400

400

At 31 December 2025

13,272

82,948

33,739

129,959

DEPRECIATION

At 1 January 2025

13,272

80,154

31,282

124,708

Charge for year

-

1,412

947

2,359

At 31 December 2025

13,272

81,566

32,229

127,067

NET BOOK VALUE

At 31 December 2025

-

1,382

1,510

2,892

At 31 December 2024

-

2,794

2,057

4,851

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

204,300

620,118

Other debtors

51,816

46,789

256,116

666,907

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

180,341

-

Trade creditors

25,649

29,921

Amounts owed to group undertakings

143,502

559,704

Taxation and social security

36,351

231,910

Other creditors

65,283

89,008

451,126

910,543

7.	LEASING AGREEMENTS

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

31.12.25

31.12.24

£

£

Within one year

62,563

46,621

Between one and five years

278,385

22,145

340,948

68,766

The increase in lease commitments reflects new lease arrangements entered into during the year.

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

The Report of the Auditors was unqualified.

Colin Wilkinson (Senior Statutory Auditor)

for and on behalf of C. Wilkinson & Co.

9.	RELATED PARTY DISCLOSURES

The company’s immediate parent company, Corroventa Avfuktning AB, is a related party by virtue of control.

During the year, the company purchased goods and services totalling £1,248,943 (2024: £2,314,834). At the balance sheet date, the amount owed to the parent company was £159,541 (2024: £559,704).

Corroventa GmbH is a related party by virtue of common control. Transactions during the year were not material (2024: €4,824).

All transactions with related parties were undertaken on normal commercial terms. Amounts owed are unsecured, interest free and repayable on demand.

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11.	ULTIMATE CONTROLLING PARTY

The company’s immediate parent company is Corroventa Avfuktning AB, a company incorporated in Sweden.

The ultimate parent company and controlling party is Volati AB, a company incorporated in Sweden.