REGISTERED NUMBER: 03524174 (England and Wales)

DELTA-SUISSE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Balance sheet

1

Notes to the financial statements

2

FIXED ASSETS

Tangible assets

4

698

1,061

CURRENT ASSETS

Debtors

5

9,999,696

9,815,803

Cash at bank and in hand

36,751

104,776

10,036,447

9,920,579

CREDITORS

Amounts falling due within one year

6

8,305,701

8,358,949

NET CURRENT ASSETS

1,730,746

1,561,630

TOTAL ASSETS LESS CURRENT LIABILITIES

1,731,444

1,562,691

CAPITAL AND RESERVES

Called up share capital

7

820,000

820,000

Retained earnings

911,444

742,691

SHAREHOLDERS' FUNDS

1,731,444

1,562,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2026 and were signed by:

I Mulla - Director

1.	STATUTORY INFORMATION

Delta-Suisse Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03524174

Registered office:

Millhouse

32-38 East Street

Rochford

Essex

SS4 1DB

The presentation currency of the financial statements is the US Dollar ($).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going Concern

Taking into account a period exceeding 12 months from the date of approval of these financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

However, as explained in the debtors note, there is a significant amount of unpaid debtors, all outside the usual credit terms. The director does not believe that a provision against these debts is required based on the information he has received from their customer, he believes the debt is recoverable. However, should the debtors not be paid then the impact this would have upon the going concern of the company is uncertain.

Significant judgements and estimates

No key sources of estimation uncertainty have been identified.

Judgement has been exercised by the director in his assessment that the outstanding debtors will be recoverable.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises of commissions and bill interest earned on business confirmed together with recoveries of certain direct changes and miscellaneous income. Bill interest earned is spread over the term of the bill. Commissions are recognised in full when invoiced, as at this point the service has been provided. The gross value of business confirmed was $4,515,550 (2025: $6,977,655).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% straight line

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Bills of exchange

Finance costs attributable to bills of exchange have been spread over the term of the bill.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

$

COST

At 1 March 2025

6,638

Disposals

(5,398

)

At 28 February 2026

1,240

DEPRECIATION

At 1 March 2025

5,577

Charge for year

350

Eliminated on disposal

(5,385

)

At 28 February 2026

542

NET BOOK VALUE

At 28 February 2026

698

At 28 February 2025

1,061

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

$

$

Trade debtors

9,999,574

9,813,665

Other debtors

122

2,138

9,999,696

9,815,803

Of the trade debtors of $9,999,574, an amount of $6,662,882 (2025: $4,782,345) was outstanding at the end of the prior year, and is still unpaid. As reported in previous years, the company's debtor has experienced cash flow problems, due to a major customer delaying payment and then entering into a business rescue arrangement. The company's debtor has replaced the lost business and are confident that they will settle the amounts owed to Delta-Suisse Limited, although this is taking longer than they had anticipated.

The director does not believe that a provision against these debts is required as, based on the information he has received from the debtor, he believes the debt to be eventually recoverable.

However, should the debts not be paid, then the impact this would have upon the going concern of the company is uncertain.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

$

$

Amounts owed to group undertakings

8,184,707

8,154,918

Taxation and social security

61,675

120,425

Other creditors

59,319

83,606

8,305,701

8,358,949

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

$

$

500,000

Ordinary

$1.64

820,000

820,000

The company has authorised number of shares total of 1,000,000 of which 500,000 have been issued and allotted.

8.	RELATED PARTY DISCLOSURES

Included in creditors due within one year is $8,184,707 (2025: $8,154,918) due to the parent company. No interest is payable on the loan and there are no formal repayment terms.