REGISTERED NUMBER: 14348943 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2025

FOR

MARCHES GLOBAL HOLDINGS LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

C Haughton

Mrs A Haughton

Registered office:

Apex House

Coldnose Road

Hereford

Herefordshire

HR2 6JL

Registered number:

14348943 (England and Wales)

Fixed assets

Investments

4

3,182,886

3,168,121

Current assets

Debtors

5

19,092

230,986

Creditors

Amounts falling due within one year

6

566,038

626,907

Net current liabilities

(546,946

)

(395,921

)

Total assets less current liabilities

2,635,940

2,772,200

Capital and reserves

Called up share capital

7

300,600

450,600

Share premium

1,875,000

1,875,000

Capital redemption reserve

300,000

150,000

Retained earnings

160,340

296,600

Shareholders' funds

2,635,940

2,772,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 23rd September 2026 and were signed on its behalf by:

C Haughton - Director

1.	Statutory information

Marches Global Holdings 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.

Preparation of consolidated financial statements

The financial statements contain information about Marches Global Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

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.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. 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 assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 deducing all of its liabilities.

Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognized at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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.

3.	Employees (including officers)

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Fixed asset investments

31.12.25

31.12.24

£

£

Shares in group undertakings

3,141,429

3,141,429

Shares in associates

10,050

10,025

Loans to associates

31,407

16,667

3,182,886

3,168,121

Additional information is as follows:

Shares in

group

Shares in

undertakings

associates

Totals

£

£

£

Cost

At 1st January 2025

3,141,429

10,025

3,151,454

Additions

-

25

25

At 31st December 2025

3,141,429

10,050

3,151,479

Net book value

At 31st December 2025

3,141,429

10,050

3,151,479

At 31st December 2024

3,141,429

10,025

3,151,454

The company's investments at the Balance sheet date in the share capital of companies include the following:

Subsidiaries

Marches Global Limited

Registered office: Apex House, Coldnose Road, Hereford, HR2 6JL

Nature of business: Manufacturing supplies

%

Class of shares:

holding

Ordinary

100.00

31.12.25

31.12.24

£

£

Aggregate capital and reserves

4,477,141

4,441,848

Evergreen Shutters Limited

Registered office: Apex House, Coldnose Road, Hereford, HR2 6JL

Nature of business: Shutters manufacturing

%

Class of shares:

holding

Ordinary

90.09

31.12.25

31.12.24

£

£

Aggregate capital and reserves

(1,416,006

)

(1,256,077

)

Marches Global Investments Limited

Registered office: Apex House, Coldnose Road, Hereford, HR2 6JL

Nature of business: Holding company

%

Class of shares:

holding

Ordinary

90.09

31.12.25

31.12.24

£

£

Aggregate capital and reserves

(189

)

(200

)

Associated companies

Wye Vale Investment Group

Registered office: Unit 1 Beacon Road, Rotherwas Industrial Estate, Hereford, HR2 6JF

Nature of business: Manufacturing supplies

%

Class of shares:

holding

Ordinary

26.70

31.12.25

31.12.24

£

£

Aggregate capital and reserves

1,338,865

1,116,661

WVM Group Limited

Registered office: Network House, Thorn Office Centre, Rotherwas, Hereford, HR2 6JT

Nature of business: Manufacturing company

%

Class of shares:

holding

Ordinary A

25.00

31.12.25

£

Aggregate capital and reserves

(48,745

)

Creo-ID Limited

Registered office: Apex House, Coldnose Road, Hereford, HR2 6JL

Nature of business: Manufacture and wholesale of workwear

%

Class of shares:

holding

Ordinary A

25.00

31.12.25

30.9.24

£

£

Aggregate capital and reserves

(126,502

)

(106,326

)

Loans to

associates

£

At 1st January 2025

16,667

New in year

14,740

At 31st December 2025

31,407

5.

Debtors: amounts falling due within one year

31.12.25

31.12.24

£

£

Amounts owed by group undertakings

11,313

-

Directors' loan account

7,779

230,986

19,092

230,986

6.

Creditors: amounts falling due within one year

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

456,885

616,557

Other creditors

109,153

10,350

566,038

626,907

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

600

Ordinary shares

£1

600

600

300,000

Redeemable shares

£1

300,000

450,000

300,600

450,600

150,000 redeemable shares were redeemed on 12th December 2025.

8.	Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments at 31st December 2025.

9.	Directors' advances, credits and guarantees

The directors

During the year, the directors used a current account with the company to record amounts due to them and amounts drawn by them. Loans and advances totalling £247,846 and repayments of £471,053 were made during the year. The balance at the year end was £7,779 owed to the company (2024: £230,986).

The loans and advances were made interest free and were repayable on demand.

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.

Related parties

The following transactions with related parties took place during the year:

Loans to / (from

)

Debtor Balance

Creditor Balance

£

£

£

Controlled, joint control or significant influence

27,215

42,720

Other related parties

(98,803

)

109,153

Transactions with other related parties are disclosed within other creditors in the accounts.

The loans were interest free and repayable on demand.