CREATION MILL C.I.C.

Company limited by guarantee

Company Registration Number:
SC715640 (Scotland)

Unaudited statutory accounts for the year ended 30 December 2025

Period of accounts

Start date: 31 December 2024

End date: 30 December 2025

CREATION MILL C.I.C.

Contents of the Financial Statements

for the Period Ended 30 December 2025

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CREATION MILL C.I.C.

Profit And Loss Account

for the Period Ended 30 December 2025

2025 2024


£
£
Turnover: 236,528 131,713
Cost of sales: ( 16,090 ) ( 19,280 )
Gross profit(or loss): 220,438 112,433
Administrative expenses: ( 216,983 ) ( 111,679 )
Operating profit(or loss): 3,455 754
Profit(or loss) before tax: 3,455 754
Tax: ( 656 ) ( 143 )
Profit(or loss) for the financial year: 2,799 611

CREATION MILL C.I.C.

Balance sheet

As at 30 December 2025

Notes 2025 2024


£
£
Fixed assets
Intangible assets: 3 6,150 0
Tangible assets: 4 365,066 121,613
Total fixed assets: 371,216 121,613
Current assets
Debtors: 5 819 9,935
Cash at bank and in hand: 21,718 23,048
Total current assets: 22,537 32,983
Net current assets (liabilities): 22,537 32,983
Total assets less current liabilities: 393,753 154,596
Creditors: amounts falling due after more than one year: 6 ( 388,997 ) ( 152,639 )
Total net assets (liabilities): 4,756 1,957
Members' funds
Profit and loss account: 4,756 1,957
Total members' funds: 4,756 1,957

The notes form part of these financial statements

CREATION MILL C.I.C.

Balance sheet statements

For the year ending 30 December 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 25 September 2026
and signed on behalf of the board by:

Name: Emma Duncan
Status: Director

The notes form part of these financial statements

CREATION MILL C.I.C.

Notes to the Financial Statements

for the Period Ended 30 December 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods, from the rendering of services and receipt of grant income. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services and grants is recognised by reference to the stage of completion of the contract or degree of spend of the funding received. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

CREATION MILL C.I.C.

Notes to the Financial Statements

for the Period Ended 30 December 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 5 3

CREATION MILL C.I.C.

Notes to the Financial Statements

for the Period Ended 30 December 2025

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 31 December 2024 0 0
Additions 6,150 6,150
Disposals
Revaluations
Transfers
At 30 December 2025 6,150 6,150
Amortisation
At 31 December 2024 0 0
Charge for year
On disposals
Other adjustments
At 30 December 2025 0 0
Net book value
At 30 December 2025 6,150 6,150
At 30 December 2024 0 0

CREATION MILL C.I.C.

Notes to the Financial Statements

for the Period Ended 30 December 2025

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 December 2024 82,936 42,581 125,517
Additions 290,875 36,197 327,072
Disposals
Revaluations
Transfers
At 30 December 2025 373,811 78,778 452,589
Depreciation
At 31 December 2024 0 3,904 3,904
Charge for year 75,103 8,516 83,619
On disposals
Other adjustments
At 30 December 2025 75,103 12,420 87,523
Net book value
At 30 December 2025 298,708 66,358 365,066
At 30 December 2024 82,936 38,677 121,613

CREATION MILL C.I.C.

Notes to the Financial Statements

for the Period Ended 30 December 2025

5. Debtors

2025 2024
£ £
Trade debtors 819 0
Other debtors 0 9,935
Total 819 9,935

CREATION MILL C.I.C.

Notes to the Financial Statements

for the Period Ended 30 December 2025

6. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 388,997 152,639
Total 388,997 152,639

COMMUNITY INTEREST ANNUAL REPORT

CREATION MILL C.I.C.

Company Number: SC715640 (Scotland)

Year Ending: 30 December 2025

Company activities and impact

The company's principal activity and vision during the year was to revitalise and support the textile industry in Langholm, by providing training opportunities for young people, those out of work and who want to retrain and also support textile art for enjoyment and wellbeing of all ages, doing this as sustainably as possible by opting for a circular textile ethos. In year 25/26 we have supported in school sessions, health and wellbeing workshops for people aged 60+, and saved a lot of textiles and industry waste from going to land fill.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The Director E Duncan provided freelance services to the company totalling £NIL (2024: £10,125) during the year. The Director E Duncan is a partner in a partnership which also provided services to the company during the year totalling £775 (2024: £2,615). E Duncan base pay through PAYE has been £42,000

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 September 2026

And signed on behalf of the board by:
Name: Emma Duncan
Status: Director