Amthal Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Amthal Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06266876 . The registered office is Unit 1 , Executive Park, Hatfield Road, St Albans, Hertfordshire, AL1 4TA.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

2.2. Significant judgements and estimations

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discount. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Financial Instruments

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2.7. Interest Receivable

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

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Amthal Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.8. Interest Payable

Finance costs are charged to the profit and loss account 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.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.10. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Investment Property

	2026
	£
Fair Value
As at 1 July 2025 and 30 June 2026	850,000

A valuation of the investment properties was carried out on 13 September 2022 by London's Surveyors and Valuers on a

market value basis in the sum of £850,000. Upon reviewing the current market, the directors do not consider the market

value of the property to have altered by the financial year-end.

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	1,300	504
Corporation tax	3,536	-
Accruals and deferred income	1,070	1,038

	5,906	1,542

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Amthal Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

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

	2026	2025
	£	£
Other creditors	650,250	650,250
Amounts due to related parties	53,405	72,894
Directors' loan account	750	750

	704,405	723,894

The LendInvest loan is denominated in with a nominal interest rate of 4.97%, and the final instalment is due on 12 December 2027. The carrying amount at year end is £650,250 (2025 - £650,250).

The lender has a debenture over all the assets of the company and a legal charge over the investment properties.

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	3	3

8. Related Party Disclosures

Amthal Fire & Security Limited

Amthal Fire & Security Limited are under the ultimate control of the same individuals as the company.

During the year, further company expenses were paid by Amthal Fire & Security Limited. There are no specific terms of repayment or interest charged on this loan.

	2026	2025
	£	£
At start of period	72,894	106,917
Advanced	511	1,525
Repaid	(20,000)	(35,548)
At end of period	53,405	72,894

9. Controlling Parties

The ultimate controlling party are the directors, by virtue of their joint shareholding.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		850,000		850,000

			850,000		850,000
CURRENT ASSETS
Cash at bank and in hand		5,016		6,404

		5,016		6,404
Creditors: Amounts Falling Due Within One Year	5	(5,906 )		(1,542 )

NET CURRENT ASSETS (LIABILITIES)			(890 )		4,862

TOTAL ASSETS LESS CURRENT LIABILITIES			849,110		854,862

Creditors: Amounts Falling Due After More Than One Year	6		(704,405 )		(723,894 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(37,397 )		(37,188 )

NET ASSETS			107,308		93,780

CAPITAL AND RESERVES
Called up share capital	7		3		3
Profit and Loss Account			107,305		93,777

SHAREHOLDERS' FUNDS			107,308		93,780

Mr J R Allam Director	Mr J Allam Director	Mr P J Rosenthal Director
06/10/2026