BNTVA MUSEUM CIC

Company limited by guarantee

Company Registration Number:
15389981 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2026

Period of accounts

Start date: 1 February 2025

End date: 31 January 2026

BNTVA MUSEUM CIC

Contents of the Financial Statements

for the Period Ended 31 January 2026

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BNTVA MUSEUM CIC

Directors' report period ended 31 January 2026

The directors present their report with the financial statements of the company for the period ended 31 January 2026

Principal activities of the company

The principal activity of the company during the year continued to be the curation, preservation, and public exhibition of historical artefacts and research relating to the British nuclear testing programme, the UK nuclear deterrent, and the Cold War, alongside the sale of goods to support these primary social objectives.

Additional information

The additional material in the report covers five core areas of finance, governance, and future strategy:Financial Performance: The year ended with a net deficit of £8,948.28, which the board attributed to strategic investments in climate-controlled storage (£7,410.00) and legacy obligations rather than an operational shortfall. Commercial trading remained strong, generating £2,787.00 in sales with a 78.55% gross profit margin and keeping external grant dependency at 14.95%. Future Outlook (2026–2027): Key priorities include settling an outstanding £5,000.00 balance owed to BH Associates Ltd, growing merchandise lines to maintain low grant reliance, and finalising talks to display the HMS Campania exhibition at the Arctic Convoy Museum. Directors’ Remuneration: In line with Article 4 of the Articles of Association and the company's not-for-profit structure, directors received £Nil in salary, benefits, pensions, or termination payments. Dividends: No dividends were declared, proposed, or paid for the period. Asset Protection and Related Transfers: An exceptional payment of £1,200.00 was made to settle legacy accountant fees for the parent charity, BNTVA CIO, to protect the reputation and goodwill of the movement. All museum exhibits (£8,956.41) and equipment (£343.86) remain strictly protected under the statutory asset lock for public



Directors

The directors shown below have held office during the whole of the period from
1 February 2025 to 31 January 2026

Nigel Kevin Heaps
 Stephen David Bexon
 Wesley Wayne Perriman

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 May 2026

And signed on behalf of the board by:
Name: Nigel Kevin Heaps
Status: Director

BNTVA MUSEUM CIC

Balance sheet

As at 31 January 2026

Notes 2026 13 months to 31 January 2025


£
£
Fixed assets
Tangible assets: 3 2,304 1,836
Total fixed assets: 2,304 1,836
Current assets
Debtors: 4 6,176 1
Cash at bank and in hand: 4,588 13,661
Total current assets: 10,764 13,662
Creditors: amounts falling due within one year: 5 ( 971 ) ( 3,659 )
Net current assets (liabilities): 9,793 10,003
Total assets less current liabilities: 12,097 11,839
Creditors: amounts falling due after more than one year: 6 ( 4,998 ) ( 4,998 )
Total net assets (liabilities): 7,099 6,841
Members' funds
Profit and loss account: 7,099 6,841
Total members' funds: 7,099 6,841

The notes form part of these financial statements

BNTVA MUSEUM CIC

Balance sheet statements

For the year ending 31 January 2026 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 14 October 2026
and signed on behalf of the board by:

Name: Nigel Kevin Heaps
Status: Director

The notes form part of these financial statements

BNTVA MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

  • 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

    The policy specifies the following revenue recognition criteria:Donations: Turnover represents the total amount receivable during the period in respect of donations by the company in the ordinary course of business. Sale of Goods: Revenue from the sale of goods is recognized when the significant risks and rewards of ownership have transferred to the buyer (usually upon dispatch), the revenue and costs can be measured reliably, and it is probable that the economic benefits will flow to the company. Provision of Professional Services: Revenue is recognized by reference to the stage of completion of the contract when the outcome, costs incurred, and costs to complete can be estimated reliably; otherwise, it is recognized only to the extent of recoverable expenses incurred.

    Tangible fixed assets depreciation policy

    The policy states that tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognized to write off the cost or valuation of assets less their residual values over their useful lives using the following rates and bases: Museum Exhibits: 0% Fixtures and fittings: 25%

    Other accounting policies

    The additional policies set out in Note 1 are:Accounting convention (Note 1.2): Specifies preparation under FRS 102 Section 1A, the historical cost convention, and sterling functional currency. Going concern (Note 1.3): Confirms that the directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. Impairment of fixed assets (Note 1.6): Sets out how residual values and useful lives of assets are reviewed and adjusted prospectively at the end of each reporting period. Cash and cash equivalents (Note 1.7): Defines cash and cash equivalents as basic financial assets including cash in hand, call deposits, and bank overdrafts. Financial instruments (Note 1.8): Details measurement and treatment for basic financial assets (debtors, bank balances) and basic financial liabilities (trade creditors, loans) at amortised cost. Equity instruments (Note 1.9): Details the recording of issued equity instruments and dividends payable. Taxation (Note 1.10): Covers the recognition and measurement of current tax liabilities and deferred tax timing differences. Employee benefits (Note 1.11): Details the recognition of short-term employee benefits, holiday entitlement, and termination benefits.

BNTVA MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

  • 2. Employees

    2026 13 months to 31 January 2025
    Average number of employees during the period 3 3

BNTVA MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2025 1,645 254 1,899
Additions 516 516
Disposals
Revaluations
Transfers
At 31 January 2026 2,161 254 2,415
Depreciation
At 1 February 2025 63 63
Charge for year 48 48
On disposals
Other adjustments
At 31 January 2026 111 111
Net book value
At 31 January 2026 2,161 143 2,304
At 31 January 2025 1,645 191 1,836

BNTVA MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

4. Debtors

2026 13 months to 31 January 2025
£ £
Other debtors 6,176 1
Total 6,176 1

BNTVA MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

5. Creditors: amounts falling due within one year note

2026 13 months to 31 January 2025
£ £
Trade creditors 1,200
Taxation and social security 71 1,559
Other creditors 900 900
Total 971 3,659

BNTVA MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

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

2026 13 months to 31 January 2025
£ £
Other creditors 4,998 4,998
Total 4,998 4,998

COMMUNITY INTEREST ANNUAL REPORT

BNTVA MUSEUM CIC

Company Number: 15389981 (England and Wales)

Year Ending: 31 January 2026

Company activities and impact

During the 2025–26 financial year, the company delivered community benefit primarily through the preservation of veteran heritage, the advancement of public education regarding the British nuclear testing programme, and the safeguarding of historical assets. The specific activities and impacts benefiting the community include:Heritage Preservation and Archival Care: The company expanded and safeguarded physical archives detailing the UK nuclear deterrent, the Cold War, and the experiences of veterans and their families. It added £456.41 in new acquisitions (increasing the collection’s insurance valuation to £8,956.41) and invested £7,410.00 in professional, climate-controlled storage to protect irreplaceable artefacts until a permanent physical museum is established. Public Education and Interactive Exhibitions: It maintained the HMS Campania exhibition, which uses professional A1 display panels to document the vessel’s roles from Arctic convoys to serving as the command ship for Britain's first nuclear weapons test. Integrated QR codes link physical displays to multimedia resources online, allowing broader community access beyond physical space limits. Outreach and Collaboration: The company pursued negotiations to display the HMS Campania exhibition at the Arctic Convoy Museum and participated in Cold War- and community-related conventions and seminars to increase public visibility and dialogue. Stakeholders (veterans, spouses, and families) were further engaged through presentations at Nuclear Survivor Conventions and Exposure magazine. Protecting Veteran Heritage Assets and Reputation: The company maintained a strict asset lock over its £8,956.41 collection and covered £1,200.00 in legacy accounting costs for the parent charity (BNTVA CIO) to protect the reputation and continued viability of the veteran heritage movement. Sustainable Financial Stewardship: By generating £2,787.00 from merchandise sales at a 78.55% gross profit margin, the company maintained a low Grant Dependency Ratio of 14.95%, creating a self-sustaining funding structure to support long-term heritage preservation without relying heavily on public grants.

Consultation with stakeholders

stakeholder consultation was carried out during the financial year through a multi-channel framework designed to keep the company community-led. The company identifies its primary stakeholders as British nuclear test veterans, their spouses, and their families, consulting with them through three main methods: Direct Outreach: Conducting presentations and feedback sessions at Nuclear Survivor Conventions. Media Engagement: Regularly disseminating information and soliciting community input through Exposure magazine. Governance: Maintaining an Advisory Board that includes members of the stakeholder community, giving survivors and their families a direct voice in how their heritage is preserved and presented.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
14 October 2026

And signed on behalf of the board by:
Name: Nigel Kevin Heaps MBE
Status: Director