ACCOUNTS - Final Accounts preparation

Operating profit

The operating profit is stated after charging:

Registered number: 06705878

Rotational Moulding Group Limited

Annual Report and Consolidated Financial Statements

For the Year Ended 31 December 2025

Rotational Moulding Group Limited

Company Information

Directors	PG Knowles
	J Rowbotham
	L Webber


Company secretary	S Rowbotham


Registered number	06705878


Registered office	Knowles Industrial Estate
	Buxton Road
	Furness Vale
	High Peak
	Derbyshire
	SK23 7PH


Independent auditors	Hurst Accountants Limited
	Chartered Accountants & Statutory Auditors
	3 Stockport Exchange
	Stockport
	Cheshire
	SK1 3GG


Bankers	Natwest Group
	1 Spinningfields Square
	Manchester
	M3 3AP


Solicitors	Gorvins Solicitors
	Dale House
	Tiviot Dale
	Stockport
	SK1 1TA

Rotational Moulding Group Limited

Contents

	Page
Group Strategic Report	1 - 2
Directors' Report	3 - 4
Independent Auditors' Report	5 - 8
Consolidated Statement of Comprehensive Income	9
Consolidated Balance Sheet	10
Company Balance Sheet	11
Consolidated Statement of Changes in Equity	12
Company Statement of Changes in Equity	13
Consolidated Statement of Cash Flows	14 - 15
Consolidated Analysis of Net Debt	15
Notes to the Financial Statements	16 - 35

Rotational Moulding Group Limited

Group Strategic Report

For the Year Ended 31 December 2025

Business review

During the 2025 financial year, the Group continued to operate in challenging market conditions. Demand remained uneven across the sectors served by the business, while raw material, energy and labour costs continued to place pressure on margins. Supply-chain disruption and operational constraints also affected delivery performance during the year.

Management responded by maintaining close control over costs and working capital, strengthening production planning and focusing on delivery reliability, quality and customer service. The Group also continued to pursue opportunities across its established brands and markets and remained operationally and financially resilient at the year end.

The priorities for the coming year are sustainable sales growth, margin improvement, stronger operational performance and disciplined cash management. Continued investment in automation, data capture, technical capability and continuous improvement is expected to support productivity, quality and customer service.

Principal risks and uncertainties

Liquidity Risk

The Group's principal funding and working-capital arrangements comprise bank balances, invoice discounting facilities, trade debtors and creditors, bank and shareholder borrowings, finance lease liabilities and operating lease commitments. These instruments are used to support the Group's operations and working-capital requirements.

Liquidity risk is managed through regular cash-flow forecasting, close monitoring of working capital and maintaining an appropriate balance between continuity of funding and the availability of funds to meet liabilities as they fall due.

Borrowings, lease commitments and trade creditors are monitored against their contractual repayment terms. Credit and cash-flow risk relating to trade debtors is managed through customer credit policies, credit checks and active debt collection.

Market risk

The Group is exposed to changes in customer demand, competitive conditions and the cost and availability of raw materials, energy and other key inputs. The Directors monitor these risks through detailed sales and margin forecasts, regular performance reviews and early identification of cost pressures. Where appropriate, the Group mitigates risk through alternative sourcing, commercial negotiations and operational efficiency measures.

The Group does not enter into speculative financial instruments. Cash management remains a key priority, and detailed forecasts are prepared and reviewed regularly to support robust working-capital management.

Operational and supply-chain risk

The Group relies on the availability and reliable operation of production equipment, a consistent supply of materials and the ability to meet customers' quality and delivery requirements. These risks are managed through production planning, preventative maintenance, supplier management, quality controls and ongoing investment in operational capability.

Page 1

Rotational Moulding Group Limited

Group Strategic Report (continued)

For the Year Ended 31 December 2025

Financial key performance indicators

We report the following with regards to our financial key performance indicators:

Gross profit margin decreased by 1% to 37% due to increased costs in the production processes.

Operating margins receded from 4.71% to 2.74% due to increased cost of overheads.

For the above reasons, EBITDA for the year to 31 December 2025 was £735,916 (2024: £1,092,373).

Stock turnover, based on year-end figures and excluding wages through cost of sales, decreased to 71 days (2024: 76 days) due to timing in order to beat lead times and/or ensure the best price of materials.

Debtor days ratio decreased to 53 days (2024: 62 days) and Creditor days ratio, excluding wages, was 45 days (2024: 66 days) due to changes in customer and supplier profiles.

This report was approved by the board and signed on its behalf.

L Webber

Director

Date: 25 September 2026

Page 2

Rotational Moulding Group Limited

Directors' Report

For the Year Ended 31 December 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), 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 the Group and of the profit or loss of the Group for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Group's financial statements and then apply them consistently;

∙make judgements and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group 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 the Group and to 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £221,197 (2024 - £408,020).

Dividends of £636,513 (2024: £722,753) were paid during the year.

Directors

The directors who served during the year were:

PG Knowles

J Rowbotham

L Webber

D White (resigned 30 May 2025)

Research and development activities

During the year, the Group undertook some research and development activities relating to various customer projects.

Page 3

Rotational Moulding Group Limited

Directors' Report (continued)

For the Year Ended 31 December 2025

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.

Auditors

The auditors, Hurst Accountants Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

L Webber

Director

Date: 25 September 2026

Page 4

Rotational Moulding Group Limited

Independent Auditors' Report to the Members of Rotational Moulding Group Limited

Opinion

We have audited the financial statements of Rotational Moulding Group Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Analysis of Net Debt, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, 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 Group's and of the Parent Company's affairs as at 31 December 2025 and of the Group's 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 Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 Group's or the Parent 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.

Page 5

Rotational Moulding Group Limited

Independent Auditors' Report to the Members of Rotational Moulding Group Limited (continued)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.

Opinion 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 Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Group Strategic Report and the Directors' Report 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 Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the Parent Company 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 Directors' Responsibilities Statement set out on page 3, 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 is 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 Group's and the Parent 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 Group or the Parent Company or to cease operations, or have no realistic alternative but to do so.

Page 6

Rotational Moulding Group Limited

Independent Auditors' Report to the Members of Rotational Moulding Group Limited (continued)

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 an Auditors' Report 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 Group 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 identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

∙The nature of the industry and sector in which the Company operates; the control environment and business performance including key drivers for directors' remuneration, bonus levels and performance targets.

∙The outcome of enquiries of local management and parent company management, including whether management was aware of any instances of non-compliance with laws and regulations, and whether management had knowledge of any actual, suspected, or alleged fraud.

∙Supporting documentation relating to the Company's policies and procedures for:

°Identifying, evaluating, and complying with laws and regulations.

°Detecting and responding to the risks of fraud.

∙The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.

∙The outcome of discussions amongst the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

∙The legal and regulatory framework in which the Company operates, particularly those laws and regulations which have a direct effect on the financial statements, such as the Companies Act 2006, pensions and tax legislation, or which had a fundamental effect on the operations of the Company, including General Data Protection requirements, and Antibribery and Corruption.

Audit response to risks identified

Our procedures to respond to the risks identified included the following:

∙Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with the provisions of those relevant laws and regulations which have a direct effect on the financial statements.

∙Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud.

∙Evaluation of the operating effectiveness of management’s controls designed to prevent and detect irregularities.

∙Enquiring of management about any actual and potential litigation and claims.

∙Performing analytical procedures to identify any unusual or unexpected relationships which may indicate risks of material misstatement due to fraud.

Page 7

Rotational Moulding Group Limited

Independent Auditors' Report to the Members of Rotational Moulding Group Limited (continued)

We have also considered the risk of fraud through management override of controls by:

∙Testing the appropriateness of journal entries and other adjustments. We have used data analytics software to identify accounting transactions which may pose a heightened risk of material misstatement, whether due to fraud or error.

∙Challenging assumptions made by management in their significant accounting estimates, and assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and

∙Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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 Auditors' Report.

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 an Auditors' Report 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.

Chris Stewardson (Senior Statutory Auditor)

for and on behalf of

Hurst Accountants Limited

Chartered Accountants & Statutory Auditors

3 Stockport Exchange

Stockport

Cheshire

SK1 3GG

Date: 25 September 2026

Page 8

Rotational Moulding Group Limited

Consolidated Statement of Comprehensive Income

For the Year Ended 31 December 2025

	2025	2024
Note	£	£


Turnover	4	13,359,507	13,396,450
Cost of sales		(8,433,321)	(8,311,435)
Gross profit		4,926,186	5,085,015
Administrative expenses		(4,560,612)	(4,454,465)
Operating profit	5	365,574	630,550
Interest receivable and similar income	9	902	1,451
Interest payable and similar expenses	10	(69,776)	(60,493)
Profit before taxation		296,700	571,508
Tax on profit	11	(75,503)	(163,488)
Profit for the financial year		221,197	408,020

Profit for the year attributable to:
Owners of the Parent Company		221,197	408,020

There were no recognised gains and losses for 2025 or 2024 other than those included in the consolidated statement of comprehensive income.

The notes on pages 16 to 35 form part of these financial statements.

Page 9

Rotational Moulding Group Limited

Registered number: 06705878

Consolidated Balance Sheet

As at 31 December 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	14		1,057,574		1,350,836
Current assets
Stocks	16	1,154,697		1,231,081
Debtors: amounts falling due within one year	17	2,455,777		2,913,947
Cash at bank and in hand	18	308,446		198,685
		3,918,920		4,343,713
Creditors: amounts falling due within one year	19	(3,461,792)		(3,741,769)
Net current assets			457,128		601,944
Total assets less current liabilities			1,514,702		1,952,780
Creditors: amounts falling due after more than one year	20		(408,885)		(365,720)
Provisions for liabilities
Deferred taxation	23		(162,836)		(228,763)
Net assets			942,981		1,358,297

Capital and reserves
Called up share capital	24	1,960	1,960
Capital redemption reserve	25	2,040	2,040
Profit and loss account	25	938,981	1,354,297
Equity attributable to owners of the Parent Company		942,981	1,358,297

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

L Webber

Director

Date: 25 September 2026

The notes on pages 16 to 35 form part of these financial statements.

Page 10

Rotational Moulding Group Limited

Registered number: 06705878

Company Balance Sheet

As at 31 December 2025

		2025		2024
Note		£		£

Fixed assets
Investments	15		2,746,596		2,746,596

Creditors: amounts falling due within one year	19	(2,744,612)		(2,744,612)
Net current liabilities			(2,744,612)		(2,744,612)
Total assets less current liabilities			1,984		1,984


Net assets			1,984		1,984

Capital and reserves
Called up share capital	24	1,960	1,960
Profit and loss account	25	24	24
		1,984	1,984

The profit for the parent company for the period was £636,513 (2024 - £722,754).

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

L Webber

Director

Date: 25 September 2026

The notes on pages 16 to 35 form part of these financial statements.

Page 11

Rotational Moulding Group Limited

Consolidated Statement of Changes in Equity

For the Year Ended 31 December 2025

	Called up share capital	Capital redemption reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2024	1,960	2,040	1,669,030	1,673,030
Comprehensive income for the year
Profit for the year	-	-	408,020	408,020
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(722,753)	(722,753)

At 1 January 2025	1,960	2,040	1,354,297	1,358,297
Comprehensive income for the year
Profit for the year	-	-	221,197	221,197
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(636,513)	(636,513)
At 31 December 2025	1,960	2,040	938,981	942,981

The notes on pages 16 to 35 form part of these financial statements.

Page 12

Rotational Moulding Group Limited

Company Statement of Changes in Equity

For the Year Ended 31 December 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2024	1,960	23	1,983
Comprehensive income for the year
Profit for the year	-	722,754	722,754
Contributions by and distributions to owners
Dividends: Equity capital	-	(722,753)	(722,753)

At 1 January 2025	1,960	24	1,984
Comprehensive income for the year
Profit for the year	-	636,513	636,513
Contributions by and distributions to owners
Dividends: Equity capital	-	(636,513)	(636,513)
At 31 December 2025	1,960	24	1,984

The notes on pages 16 to 35 form part of these financial statements.

Page 13

Rotational Moulding Group Limited

Consolidated Statement of Cash Flows

For the Year Ended 31 December 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit for the financial year	221,197	408,020
Adjustments for:
Amortisation of intangible assets	-	123,286
Depreciation of tangible assets	370,342	338,537
Loss on disposal of tangible assets	738	25,870
Interest charge	69,776	60,493
Interest income	(902)	(1,451)
Taxation charge	75,503	163,488
Decrease in stocks	76,384	103,611
Decrease/(increase) in debtors	458,170	(260,216)
(Decrease)/increase in creditors	(210,213)	330,966
Corporation tax paid	(196,169)	(282,964)
Net cash generated from operating activities	864,826	1,009,640

Cash flows from investing activities
Purchase of tangible fixed assets	(77,818)	(358,301)
Bank interest received	902	1,451
HP interest paid	(8,030)	(9,895)
Net cash used in investing activities	(84,946)	(366,745)
Cash flows from financing activities
New secured loans	-	300,000
Repayment of loans	(202,767)	(150,000)
New shareholder loan	250,000	-
Repayment of finance leases	(19,093)	(36,215)
Dividends paid	(636,513)	(722,753)
Bank interest paid	(61,746)	(50,598)
Net cash used in financing activities	(670,119)	(659,566)
Net increase/(decrease) in cash and cash equivalents	109,761	(16,671)
Cash and cash equivalents at beginning of year	197,439	214,110
Cash and cash equivalents at the end of year	307,200	197,439

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	308,446	198,685
Bank overdrafts	(1,246)	(1,246)
	307,200	197,439

Page 14

Rotational Moulding Group Limited

Consolidated Analysis of Net Debt

For the Year Ended 31 December 2025


At 1 January 2025	Cash flows	New loans	Other non-cash changes	At 31 December 2025
£	£	£	£	£

Cash at bank and in hand	198,685	109,761	-	-	308,446
Bank overdrafts	(1,246)	-	-	-	(1,246)
Debt due after 1 year	(322,841)	-	(217,593)	131,549	(408,885)
Debt due within 1 year	(202,159)	202,767	(32,407)	(131,549)	(163,348)
Finance leases	(61,973)	19,093	-	-	(42,880)
	(389,534)	331,621	(250,000)	-	(307,913)

The notes on pages 16 to 35 form part of these financial statements.

Page 15

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

1.	General information

Rotational Moulding Group Limited is a private company limited by members' capital and is incorporated in England and Wales, company number 06705878. The address of its registered office is Knowles Industrial Estate, Buxton Road, Furness Vale, High Peak, Derbyshire, SK23 7PH.

The nature of the Company's operations and its principal activity is that of a holding company. The nature of the operations and the principal activity of the Group of which it heads is that of the manufacture of plastic rotational moulding products.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.

In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 28 November 2014.

2.3

Parent company - cash flow exemption

The Company has taken advantage of the exemption available under FRS 102 not to disclose its own Statement of Cash Flows, as this is included within the Consolidated Statement of Cash Flows presented within these Consolidated Financial Statements.

Page 16

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

2.Accounting policies (continued)

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.5

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Group and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Group has transferred the significant risks and rewards of ownership to the buyer;

∙the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Group will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.6

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.7

Leased assets: the Group as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 17

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

2.Accounting policies (continued)

2.8

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.11

Pensions

Defined contribution pension plan

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

The contributions are recognised as an expense in profit or loss 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 Group in independently administered funds.

Page 18

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

2.Accounting policies (continued)

2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.13

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

				Purchased goodwill	-	5	years
				Goodwill arising on consolidation	-	10	years

Page 19

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

2.Accounting policies (continued)

2.14

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both the straight-line and reducing balance methods.

Depreciation is provided on the following basis. Some assets within the same categories have different useful economic lives:

Leasehold improvements	-	20% straight-line
Plant and machinery	-	15-20% straight-line and reducing balance
Motor vehicles	-	25% straight-line and reducing balance
Fixtures and fittings	-	15% straight-line and reducing balance
Computer equipment	-	25% straight-line and reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.15

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.16

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

2.17

Debtors

Short-term debtors 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.

2.18

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

Page 20

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

2.Accounting policies (continued)

2.19

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.20

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

2.21

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.22

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Group only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

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

Page 21

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

2.Accounting policies (continued)

2.23

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and estimates that
affect amounts recognised for assets and liabilities at the reporting date and the amounts of revenue and expenses incurred during the reporting period. Actual outcomes may differ from these judgements, estimates and assumptions. The judgements, estimates and assumptions that have the most significant effect on the carrying value of assets and liabilities of the Group as at 31 December 2025 are discussed below:

Recoverable value of trade debtors

The Group has recognised trade debtors with a carrying value of £1,955,456 (2024: £2,264,296). The recoverability of trade debtors is regularly reviewed in the light of the available economic information specific to each debtor and specific provisions are recognised for balances considered to be at risk or irrecoverable. No provision has been recognised in 2025 or 2024 and the Directors have therefore judged that no specific impairment provision is required against trade debtors at the year end.

Stock valuation

The Group exercises judgement in estimating the obsolescence of stock and making impairments to reflect the difference between cost and estimated net realisable value. The value of stock at the year end totalled £1,154,697 (2024: £1,231,081). No provision has been recognised in 2025 or 2024 and the Directors have therefore judged that no impairment for obsolescence or net realisable value is required against stock at the year end.

Turnover

The whole of the turnover is attributable to the principal activity of the Group, as described in note 1.

Analysis of turnover by country of destination:

					2025	2024
					£	£

United Kingdom	13,057,360	12,762,390
Rest of Europe	123,201	397,740
Rest of the world	178,946	236,320
	13,359,507	13,396,450

Page 22

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

	Exchange differences	1,096	5,723
	Other operating lease rentals	684,839	629,957

Fees payable to the Company's auditors for the audit of the consolidated financial statements

18,920

18,075

Other Services
Corporation Tax	10,575	10,065
Accounts preparation	7,045	6,710
All other taxation services	10,390	-
Company Secretarial	1,000	-
All non-audit services not included above	2,786	-
	31,796	16,775

Page 23

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

7.	Employees
	Staff costs, including directors' remuneration, were as follows:

		Group	Group
		2025	2024
		£	£


Wages and salaries	4,121,876	3,847,290
Social security costs	316,637	269,922
Cost of defined contribution scheme	130,233	196,747
	4,568,746	4,313,959

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Directors	5	6
Administrative staff	30	28
Production staff	67	71

	102	105

8.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	378,340	313,313
Group contributions to defined contribution pension schemes	991	1,321
	379,331	314,634

	During the year retirement benefits were accruing to 1 director (2024 - 1) in respect of defined contribution pension schemes.
	The highest paid director received remuneration of £256,300 (2024 - £237,124).
	The value of the Group's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £991 (2024 - £1,321).

Page 24

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

9.	Interest receivable
		2025	2024
		£	£

Other interest receivable

902

1,451

10.	Interest payable and similar expenses
		2025	2024
		£	£

Bank interest payable	24,007	21,139
Finance leases and hire purchase contracts	8,030	9,895
Other interest payable	37,739	29,459
	69,776	60,493

Corporation tax
Current tax on profits for the year	152,529	219,656
Adjustments in respect of previous periods	(11,099)	(12,054)

Total current tax	141,430	207,602

Deferred tax
Origination and reversal of timing differences	(65,927)	(44,114)
Total deferred tax	(65,927)	(44,114)


	Tax on profit	75,503	163,488

Page 25

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

11.Taxation (continued)

Profit on ordinary activities before tax

296,700

571,508

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	74,175	142,877
Effects of:
Non-tax deductible amortisation of goodwill and impairment	-	30,822
Expenses not deductible for tax purposes	2,021	747
Ineligible asset depreciation	375	4,564
Adjustments to tax charge in respect of prior periods	(11,099)	(12,053)
Short-term timing difference leading to an increase (decrease) in taxation	11,612	(3,469)
Other differences leading to an increase (decrease) in the tax charge	(1,581)	-
Total tax charge for the year	75,503	163,488

Factors that may affect future tax charges

There are currently no factors that may affect future tax charges.

12.	Dividends
		2025	2024
		£	£

Dividends paid on equity capital

636,513

722,753

Page 26

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

13.	Intangible assets
	Group

		Goodwill
		£
	Cost
	At 1 January 2025	1,828,635
	At 31 December 2025	1,828,635
	Amortisation
	At 1 January 2025	1,828,635
	At 31 December 2025	1,828,635
	Net book value
	At 31 December 2025	-
	At 31 December 2024	-

Page 27

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

14.	Tangible fixed assets
	Group

	Leasehold improvements	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£	£
Cost
At 1 January 2025	367,274	4,353,377	94,583	440,234	2,219	5,257,687
Additions	641	39,248	-	37,358	571	77,818
Disposals	-	(206,356)	-	-	-	(206,356)
At 31 December 2025	367,915	4,186,269	94,583	477,592	2,790	5,129,149
Depreciation
At 1 January 2025	250,881	3,315,709	27,658	311,262	1,341	3,906,851
Charge for the year	30,946	295,607	16,731	26,778	280	370,342
Disposals	-	(205,618)	-	-	-	(205,618)
At 31 December 2025	281,827	3,405,698	44,389	338,040	1,621	4,071,575
Net book value
At 31 December 2025	86,088	780,571	50,194	139,552	1,169	1,057,574
At 31 December 2024	116,393	1,037,668	66,925	128,972	878	1,350,836

There are no tangible fixed assets in the Company.

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


	Motor vehicles	50,193	66,924

Page 28

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

15.	Fixed asset investments

	Company

		Investments in subsidiary companies
		£
	Cost
	At 1 January 2025	2,746,596
	At 31 December 2025	2,746,596

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Class of shares	Holding

Rotational Mouldings Limited	Ordinary	100%
Haywood Group Limited	Ordinary	100%
Haywood Roto Moulding Limited *	Ordinary	100%
Associated Roto Plastics Limited *	Ordinary	100%
Haldo Developments Limited	Ordinary	100%

* Direct subsidiaries of Haywood Group Limited.

The registered office of all subsidiaries is Knowles Industrial Estate, Buxton Road, Furness Vale, High Peak, Derbyshire, SK23 7PH.

The results of all subsidiaries are included in the Consolidated Financial Statements.

16.	Stocks
		Group	Group
		2025	2024
		£	£

Raw materials and consumables	929,166	975,686
Work in progress (goods to be sold)	27,471	18,780
Finished goods and goods for resale	198,060	236,615
	1,154,697	1,231,081

The difference between purchase price or production cost of stocks and their replacement cost is not material.

Page 29

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

17.

Debtors

		Group	Group
		2025	2024
		£	£


Trade debtors	1,955,456	2,264,296
Other debtors	15,487	186,533
Prepayments and accrued income	484,834	463,118
	2,455,777	2,913,947

18.	Cash
		Group	Group
		2025	2024
		£	£

Cash at bank and in hand	308,446	198,685
Less: bank overdrafts	(1,246)	(1,246)
	307,200	197,439

Page 30

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

19.	Creditors: Amounts falling due within one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Bank overdrafts	1,246	1,246	-	-
Bank loans	130,941	202,159	-	-
Other loans	32,407	-	-	-
Trade creditors	1,047,368	1,523,575	-	-
Amounts owed to Group undertakings	-	-	2,507,404	2,258,973
Corporation tax	164,917	219,656	-	-
Other taxation and social security	491,518	422,637	-	-
Obligations under finance lease and hire purchase contracts	42,880	19,094	-	-
Other creditors	1,231,083	980,911	237,208	485,639
Accruals and deferred income	319,432	372,491	-	-
	3,461,792	3,741,769	2,744,612	2,744,612

Secured liabilities

Bank overdrafts are secured by means of fixed and floating charges over the assets of the Company.

Included within other creditors are invoice finance balances of £963,576 (2024: £447,872) which are secured by means of fixed and floating charges over the assets of the Group and Company.

Amounts due under finance lease and hire purchase contracts are secured over the assets to which they relate.

Included in creditors are amounts owed to Group undertakings that are payable on demand, unsecured and bear no interest.

20.	Creditors: Amounts falling due after more than one year
		Group	Group
		2025	2024
		£	£

Bank loans	191,292	322,841
Other loans	217,593	-
Net obligations under finance leases and hire purchase contracts	-	42,879
	408,885	365,720

Secured liabilities

Amounts due under finance lease and hire purchase contracts are secured over the assets to which they relate.

Page 31

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

21.	Loans
	Analysis of the maturity of loans is given below:
		Group	Group
		2025	2024
		£	£

Amounts falling due within one year
Bank loans	130,941	202,159
Other loans	32,407	-
Amounts falling due 1-2 years
Bank loans	61,781	131,033
Other loans	55,556	-
Amounts falling due 2-5 years
Bank loans	129,511	191,808
Other loans	162,037	-

	572,233	525,000

Bank loans relate to loans taken out under the Coronavirus Business Interruption Loan Scheme ''CBILS'' which is secured by means for a fixed and floating charge covering all the property and undertaking of the Company. Interest due in the first 12 months is payable by the UK Government under the terms of the Scheme. After the first 12 months, interest is payable by the Company at a rate of 2.63% above the base rate, and is repayable 60 months after the loan is drawn. Repayments of £150,000 (2024: £150,000) have been made during the year.

There is a bank loan of £247,233 (2024: £300,000) which is secured by any existing security held by the bank in respect of the Company's liabilities. Interest is payable by the Company at a rate of 2.45% above the base rate, and is repayable over 60 months. Repayments of £52,767 (2024: £Nil) have been made during the year.

During the year a shareholder loan of £250,000 was taken. Interest is payable by the Company at a rate of 2% above the base rate, and is repayable over 60 months. Repayments of £Nil have been made during the year.

22.	Hire purchase and finance leases
	Minimum lease payments under hire purchase fall due as follows:
		Group	Group
		2025	2024
		£	£

Within one year	19,094	19,094
Between 1-5 years	23,785	42,879
	42,879	61,973

Amounts due under finance leases and hire purchase contracts are secured over the assets to which they relate.

Page 32

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

23.	Deferred taxation
	Group

	2025	2024
	£	£

At beginning of year	(228,763)	(272,877)
Charged to profit or loss	65,927	44,114
At end of year	(162,836)	(228,763)

The provision for deferred taxation is made up as follows:
	Group	Group
	2025	2024
	£	£

Accelerated capital allowances	(196,397)	(254,420)
Other timing differences	33,561	25,657
	(162,836)	(228,763)

24.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1,274 (2024 - 1,274) Ordinary shares of £1.00 each	1,274	1,274
98 (2024 - 98) Ordinary A shares of £1.00 each	98	98
490 (2024 - 490) Ordinary B shares of £1.00 each	490	490
98 (2024 - 98) Ordinary C shares of £1.00 each	98	98

	1,960	1,960

Shares rank pari-passu in all respects.

Page 33

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

25.

Reserves

Other reserves

Other reserves relate to the nominal value of shares that have been redeemed.

Profit and loss account

Profit and loss account includes all current and prior period profits and losses.

26.	Pension commitments

The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group during the year and amounted to £130,233 (2024: £196,747). Contributions totalling £7,959 (2024: £11,284) were payable to the fund at the balance sheet date and are included in creditors.

27.	Commitments under operating leases
	At 31 December 2025 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		Group	Group
		2025	2024
		£	£

Land and buildings
Not later than 1 year	286,361	266,223
Later than 1 year and not later than 5 years	930,223	73,186
Later than 5 years	251,937	-
	1,468,521	339,409

		Group	Group
		2025	2024
		£	£

Plant and machinery
Not later than 1 year	81,316	70,255
Later than 1 year and not later than 5 years	87,845	103,585
	169,161	173,840

Page 34

Rotational Moulding Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2025

28.

Related party transactions

The Group and Company has taken advantage of the provision under FRS 102 section 33.1a not to disclose transactions between companies which are wholly owned within the Group.

Directors received dividends of £636,513 (2024: £722,753).

At 1 January 2025, the Group owed its shareholders £485,639 (2024: £321,828). The Group received new advances of £243,634 (2024: £277,862), and made repayments of £492,066 (2024: £114,050). At 31 December 2025, the Group owed £237,208 (2024: £485,639) to its shareholders. No interest has been charged on this balance, which is repayable on demand and included within other creditors.

29.	Controlling party

The Group and Company is under the ultimate control of P G Knowles by virtue of his interest in the voting share capital of the Company.

Page 35