Zain Holdings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10245484

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		8,264,775		8,264,775

			8,264,775		8,264,775
CURRENT ASSETS
Debtors	5	3,113,759		1,139,612
Cash at bank and in hand		2,959,954		408

		6,073,713		1,140,020
NET CURRENT ASSETS (LIABILITIES)			6,073,713		1,140,020

TOTAL ASSETS LESS CURRENT LIABILITIES			14,338,488		9,404,795

Creditors: Amounts Falling Due After More Than One Year	6		(4,959,532 )		(137,162 )

NET ASSETS			9,378,956		9,267,633

CAPITAL AND RESERVES
Called up share capital	7		800		800
Share premium account			9,364,146		9,364,146
Profit and Loss Account			14,010		(97,313 )

SHAREHOLDERS' FUNDS			9,378,956		9,267,633

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Page 2

Zain Holdings Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

J A Sheth

Director

10/09/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Zain Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10245484 . The registered office is 70, Technology Drive, Batley Business Park, Batley, West Yorkshire, WF17 6ER.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	8,264,775

As at 31 December 2025	8,264,775

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	8,264,775

As at 1 January 2025	8,264,775

The company had interests in the following subsidiaries:

Alexander Duckham & Co., Limited

Country of incorporation: United Kingdom

Proportion of ordinary shares held (%): 100%

Nature of business: Marketing of lubricants

Duckhams Oil Middle East DMCC

Country of incorporation: United Arab Emirates

Proportion of ordinary shares held (%): 100%

Nature of business: Marketing of lubricants

Duckhams Oil Malaysia Sdn. Bhd

Country of incorporation: Malaysia

Proportion of ordinary shares held (%): 100%

Nature of business: Marketing of lubricants

Duckhams (Thailand) Company Limited

Country of incorporation: Thailand

Proportion of ordinary shares held (%): 49%

Nature of business: Holding company

The company holds 49% of the ordinary share capital of Duckhams (Thailand) Company Limited but controls in excess of 90% of the voting rights attaching to its issued shares. Duckhams (Thailand) Company Limited is accordingly a subsidiary undertaking by virtue of the company's control of a majority of the voting rights.

Duckhams Energy Co., Limited

Country of incorporation: Thailand

Proportion of ordinary shares held (%): 49%

Nature of business: Marketing of lubricants

The company holds 49% of the ordinary share capital of Duckhams Energy Co., Limited directly. A further 2% is held by Duckhams (Thailand) Company Limited which, as set out above, is controlled by the company through its control of a majority of the voting rights in that undertaking. The company therefore controls the voting rights attaching to that 2% holding in addition to its own direct 49%, giving the group control of 51% of the voting rights in Duckhams Energy Co., Limited, which is accordingly a subsidiary undertaking. The remaining 49% of the ordinary share capital is held by the non-controlling interest.

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Zain Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	3,113,759	1,139,612

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Shareholder loans	4,812,769	-
Other borrowings	146,763	137,162

	4,959,532	137,162

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	800	800

8. Related Party Transactions

Included within creditors: amounts falling due after one year are shareholder loans which are unsecured, interest free and repayable between one and five years.

A Y & Y Patel (Dewsbury) Limited

Corporate Shareholder

£1,204,407 (2024: £0)

J A Sheth

Director

£3,140,513 (2024: £0)

M D Patel

Director

£467,849 (2024: £0)

9. Controlling Party

The directors are together regarded as the ultimate controlling party by way of their direct and indirect ownership of the majority of the issued share capital.

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