REGISTERED NUMBER: 15992421 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

HARWINOZ LTD

T/A

HARWINOZ FAMILY INVESTMENT COMPANY

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs B D Oswald

Mr D M Oswald

REGISTERED OFFICE:

Glebe House

School End

Great Horwood

Milton Keynes

MK17 0RG

REGISTERED NUMBER:

15992421 (England and Wales)

ACCOUNTANTS:

Howards Limited

Chartered Certified Accountants

Newport House

Newport Road

Stafford

Staffordshire

ST16 1DA

FIXED ASSETS

Investments

5

2,349,501

1,379,701

CURRENT ASSETS

Debtors

6

-

67

Cash at bank

263

30,130

263

30,197

CREDITORS

Amounts falling due within one year

7

(827,993

)

(1,257,848

)

NET CURRENT LIABILITIES

(827,730

)

(1,227,651

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,521,771

152,050

CAPITAL AND RESERVES

Called up share capital

8

23,932

23,932

Capital contribution reserve

9

974,623

-

Fair value reserve

9

58,115

-

Retained earnings

9

465,101

128,118

SHAREHOLDERS' FUNDS

1,521,771

152,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 6 October 2026 and were signed on its behalf by:

Mr D M Oswald - Director

1.	STATUTORY INFORMATION

Harwinoz Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 15992421 and the registered office address is:Glebe House School End, Great Horwood, Milton Keynes, MK17 0RG .

The principal activity of the company is that of a Family Investment Holding Company.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Functional currency

The financial statements are prepared in sterling (£). The functional currency of the company is sterling (£).

Significant judgements and estimates

In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company; it may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, tangible fixed assets, provisions and contingent liabilities and accruals are its critical accounting estimates.

Investments in associates

Investments in Associates are included in the balance sheet at cost less any provisions for impairment when applicable.

An Associate is an entity that is not controlled by the "FIC". Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from it's activities.

The investment is 33% ownership of JSD Donsons Limited, whose principal activity is that of a holding company.

JSD Donsons Limited is a private company, limited by shares, registered in England and Wales. The

company's registered number is 06048793 and the registered office address is Trimat Building, Narrowboat Way, Brierley Hill, West Midlands, DY5 1UF.

Investments

Listed investments are initially recognised at transaction cost and subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit and loss. The directors may transfer unrealised gains and losses to a separate non-distributable fair value reserve within equity in order to identify gains and losses that have not yet been realised through disposal of investments.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like fixed asset investments, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions, repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition, and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the "FIC" has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

The directors of the "FIC" have reported a profit for the period. The "FIC" continues to be cash generative, through recurring investment income, it has a liquid investment portfolio and continues to meet it's obligations as they fall due.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

Listed

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 April 2025

35,317

1,344,384

1,379,701

Additions

-

1,593,702

1,593,702

Disposals

-

(696,190

)

(696,190

)

Revaluations

-

73,863

73,863

Exchange differences

-

(1,575

)

(1,575

)

At 31 March 2026

35,317

2,314,184

2,349,501

NET BOOK VALUE

At 31 March 2026

35,317

2,314,184

2,349,501

At 31 March 2025

35,317

1,344,384

1,379,701

Cost or valuation at 31 March 2026 is represented by:

Interest

in

associate

Listed

undertakings

investments

Totals

£

£

£

Valuation in 2025

-

(13,122

)

(13,122

)

Valuation in 2026

-

73,863

73,863

Cost

35,317

2,253,443

2,288,760

35,317

2,314,184

2,349,501

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Tax

-

67

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Tax

5,145

-

Directors' current accounts

822,848

1,257,848

827,993

1,257,848

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

8,333

A Ordinary

£1

8,333

8,333

8,333

B Ordinary

£1

8,333

8,333

3,633

C Ordinary

£1

3,633

3,633

3,633

D Ordinary

£1

3,633

3,633

23,932

23,932

The Company operates as a Family Investment Company with multiple classes of shares designed to separate voting rights, dividend rights and future capital growth rights between family members. Certain classes participate in future capital appreciation whereas other classes principally retain voting control and limited capital entitlements.

Rights attached to shares:

- Voting: Holders of A Ordinary Shares are entitled to one vote per share. Other classes have no voting rights.

- Dividends: Dividends may be declared on any class at the directors' discretion.

- Return of Capital: On winding up, A and B Ordinary Shares receive the lesser of subscription amount or fair value; surplus assets are distributed among C and D Ordinary Shares pro rata.

9.

RESERVES

Called Up Share Capital

Retained Earnings

Capital Contribution Reserve

Fair Value Reserve

Totals

£

£

£

£

£

At 31 March 2025

23,932

128,118

-

-

152,050

Profit for period

368,861

368,861

Dividends

(45,000

)

(45,000

)

Temporary fair value gain

71,237

71,237

Reverse 2025 transfer from revenue reserves for temporary fair value loss

13,122

(13,122

)

-

Intercompany loan write off - Ozbroz

974,623

974,623

At 31st March 2026

23,932

465,101

974,623

58,115

1,521,771

Capital Reserves

The Capital Contribution Reserve comprises a loan balance of £974,623 which was formally waived during the year by Ozbroz Limited. The directors have concluded that the waiver was received in the capacity of a shareholder-related entity and accordingly the transaction has been recognised directly in equity as a capital contribution rather than through the income statement.

10.	RELATED PARTY DISCLOSURES

At 31st March 2026, there was a loan outstanding to David and Beverley Oswald for £822,848 (2025: £1,257,848).

During the period a related party loan of £974,623 owed to Ozbroz Limited, was waived by Ozbroz Limited.

11.	ULTIMATE CONTROLLING PARTY

The Company is controlled by David Oswald and Beverley Oswald, together with family trusts established for the benefit of the Oswald family.