Premier Diamond Products Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02965789 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2026

FOR

PREMIER DIAMOND PRODUCTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N George

T S Webb

S D Webb

S M Webb

REGISTERED OFFICE:

Unit 10, The Boulevard

Altira Business Park

Herne Bay

Kent

CT6 6GZ

REGISTERED NUMBER:

02965789 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

2 The Links

HERNE BAY

Kent

CT6 7GQ

FIXED ASSETS

Intangible assets

5

-

Tangible assets

6

180,625

190,491

180,625

190,491

CURRENT ASSETS

Stocks

1,057,332

911,382

Debtors

7

716,352

709,671

Cash at bank

504,073

564,784

2,277,757

2,185,837

CREDITORS

Amounts falling due within one year

8

375,937

548,523

NET CURRENT ASSETS

1,901,820

1,637,314

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,082,445

1,827,805

CREDITORS

Amounts falling due after more than one
year

9

(2,500

)

(12,500

)

PROVISIONS FOR LIABILITIES

12

(14,805

)

(21,759

)

NET ASSETS

2,065,140

1,793,546

CAPITAL AND RESERVES

Called up share capital

13

1,010

Retained earnings

2,064,130

1,792,536

2,065,140

1,793,546

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 19th October 2026 and were signed on its behalf by:

S M Webb - Director

S D Webb - Director

1.	STATUTORY INFORMATION

Premier Diamond Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill was amortised evenly over its estimated useful life and has been fully amortised in prior years. Its carrying amount at 31st May 2026 and 31st May 2025 is therefore nil.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Improvements to property

-

over the term of the lease

Plant and machinery

-

25% on reducing balance, 20% on a straight line basis and 10% on a straight line basis

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Government grants

R&D expenditure is written off as incurred. Research and development expenditure credits are recognised in other operating income in the period in which the related qualifying expenditure is incurred.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

The company's functional and presentation currency is pounds sterling. Transactions in foreign currencies are recorded at the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. Exchange differences arising on settlement or retranslation are recognised in profit or loss and are included in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The Directors' have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. The assumption is based on the fact that the company has positive reserves, as well as access to bank borrowing, if required, in order to meet short term working capital requirements. Accordingly they continue to adopt the Going concern basis in preparing the annual accounts.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2025 - 15 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1st June 2025

and 31st May 2026

10,800

6,100

16,900

AMORTISATION

At 1st June 2025

and 31st May 2026

10,800

6,100

16,900

NET BOOK VALUE

At 31st May 2026

-

At 31st May 2025

-

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1st June 2025

-

143,544

50,255

130,386

324,185

Additions

38,559

-

38,559

At 31st May 2026

38,559

143,544

50,255

130,386

362,744

DEPRECIATION

At 1st June 2025

-

65,784

33,829

34,081

133,694

Charge for year

-

20,242

4,107

24,076

48,425

At 31st May 2026

-

86,026

37,936

58,157

182,119

NET BOOK VALUE

At 31st May 2026

38,559

57,518

12,319

72,229

180,625

At 31st May 2025

-

77,760

16,426

96,305

190,491

Assets under construction are not depreciated until they are brought into use.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

629,906

606,856

Other debtors

86,446

102,815

716,352

709,671

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

-

45,030

Hire purchase contracts (see note 10)

10,000

Trade creditors

222,434

239,428

Taxation and social security

104,294

122,441

Other creditors

39,209

131,624

375,937

548,523

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Hire purchase contracts (see note 10)

2,500

12,500

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

2026

2025

£

Net obligations repayable:

Within one year

10,000

Between one and five years

2,500

12,500

22,500

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026

2025

£

Total Commitments

124,346

254,979

11.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

-

45,030

Hire purchase contracts

12,500

22,500

12,500

67,530

Lloyds Bank plc (formerly Lloyds TSB Bank plc) held a debenture dated 27 March 2008, containing fixed and floating charges over the undertaking and all property and assets of the company, present and future. The debenture secured all monies due to the bank and was satisfied on 3 June 2026.

Lloyds Bank Commercial Finance Limited (formerly Lloyds TSB Commercial Finance Limited) holds an all assets debenture dated 22 June 2004, containing fixed and floating charges over the undertaking and all property and assets of the company, present and future, including book debts. This secures all amounts due under the company's invoice discounting facility.

Hire purchase contracts are secured on the assets concerned.

12.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

14,805

21,759

Deferred

tax

£

Balance at 1st June 2025

21,759

Credit to Income Statement during year

(6,954

)

Balance at 31st May 2026

14,805

The provision relates wholly to accelerated capital allowances. It is measured at 25%, the rate expected to apply when the timing differences reverse.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal
Value:£

2026

2025

£

1,000

Ordinary A

1

1,000

3

Ordinary B

1

3

2

Ordinary C

1

2

1

Ordinary D

1

Ordinary E

1

Ordinary F

1

2

Ordinary G

1

2

1,010

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2026 and 31st May 2025:

2026

2025

£

N George

Balance outstanding at start of year

(9,650

)

-

Amounts advanced

10,000

-

Amounts repaid

(500

)

(9,650

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(150

)

(9,650

)

T S Webb

Balance outstanding at start of year

700

-

Amounts advanced

-

700

Amounts repaid

(1,600

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(900

)

700

S D Webb

Balance outstanding at start of year

1,025

-

Amounts advanced

-

1,025

Amounts repaid

(1,912

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(887

)

1,025

S M Webb

Balance outstanding at start of year

1,701

-

Amounts advanced

-

1,701

Amounts repaid

(1,912

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(211

)

1,701

The director loans are interest free and repayable on demand.