MIKROPOR UK LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

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. Going Concern Disclosure

The directors of the holding company have indicated their support for the Company and so the Directors consider it appropriate to prepare the accounts on the going concern basis. The support provided by the holding company exceeds the deficiency in Company's net assets.

2.3. Turnover

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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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MIKROPOR UK LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 4)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	13,185	26,500	4,371	1,446	45,502
Additions	2,161	-	-	1,583	3,744

As at 31 December 2025	15,346	26,500	4,371	3,029	49,246

Depreciation
As at 1 January 2025	2,060	1,656	1,093	167	4,976
Provided during the period	3,322	6,211	819	715	11,067

As at 31 December 2025	5,382	7,867	1,912	882	16,043

Net Book Value
As at 31 December 2025	9,964	18,633	2,459	2,147	33,203

As at 1 January 2025	11,125	24,844	3,278	1,279	40,526

5. Stocks

	31 December 2025	31 December 2024
	£	£
Stock	784,512	198,865

6. Debtors

	31 December 2025	31 December 2024
	£	£
Due within one year
Trade debtors	210,024	141,060
Other debtors	30,468	29,923

	240,492	170,983

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MIKROPOR UK LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 December 2024
	£	£
Trade creditors	1,188,175	263,318
Amounts owed to participating interests	200,000	200,000
Other creditors	10,700	4,070
Taxation and social security	76,248	27,037

	1,475,123	494,425

8. Share Capital

	31 December 2025	31 December 2024
	£	£
Allotted, Called up and fully paid	100	100

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 December 2025	31 December 2024
	£	£
Not later than one year	52,800	52,800
Later than one year and not later than five years	120,314	173,114

	173,114	225,914

10. Related Party Transactions

Mikropor Makina Sanayi ve Ticaret AS

The company's holding company.

During the period the company purchased and sold goods/services from and to the above as detailed below. The company also received loans from the above. At the end of the perod £200,000 was outstanding. The loan was interest free and repayable on demand.

Drytec

This is a group company, another subsidiary of Mikropor Makina Sanayi ve Ticaret A.S.

During the period the company purchased goods/services from the above as detailed below.

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MIKROPOR UK LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Gas and Air Treatment Services Ltd

A company controlled by a director of the company.

During the period the company purchased and sold goods/services from and to the above as detailed below.

Mikropor Turkey Drytec Gas & Air Treatment

2024 Total Purchases £251,368.79 £46,714.23 £646.14

Total Sales/Invoices £221,322.86 £ - £5,415.60

2025 Total Purchases £1,178,437.68 £14,047.14 £3,441.68

Total Sales/Invoices £203,175.77 £ - £89,514.96

Customer Balance 31.12.2025 £ - £ - £29,186.66

Supplier Balance 31.12.2025 £1,020,650.20 £17,461.78 £ -

11. Ultimate Controlling Party

The company's holding company is Mikropor Makina Sanayi ve Ticaret A.S. which owns 100% of the share capital of Mikropor UK Limited.

A copy of the holding company accounts can be obtained from:

1. Organize Sanayi Bolgesi

Ahi Evran OSB Mah. Oguz Cad. No:5

06935

Sincan - Ankara / Turkiye

12. Audit Information

The auditor's report on the accounts of MIKROPOR UK LIMITED for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Anthea Grange (Senior Statutory Auditor) for and on behalf of Douglass Grange Chartered Accountants , Statutory Auditor.

Douglass Grange Chartered Accountants

Capricorn House, Capricorn Park

Blakewater Road

Blackburn

BB1 5RW

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		31 December 2025		31 December 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		33,203		40,526

			33,203		40,526
CURRENT ASSETS
Stocks	5	784,512		198,865
Debtors	6	240,492		170,983
Cash at bank and in hand		277,438		36,695

		1,302,442		406,543
Creditors: Amounts Falling Due Within One Year	7	(1,475,123 )		(494,425 )

NET CURRENT ASSETS (LIABILITIES)			(172,681 )		(87,882 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(139,478 )		(47,356 )

NET LIABILITIES			(139,478 )		(47,356 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(139,578 )		(47,456 )

SHAREHOLDERS' FUNDS			(139,478)		(47,356)