The director presents his annual report and financial statements for the year ended 31 January 2026.

The principal activity of the company continued to be the manufacture and sale of petrol pump accessories.

The director who held office during the year and up to the date of signature of the financial statements was as follows:

The 2025–2026 financial year remained loss-making for this subsidiary, reflecting continued investment in product development and increased operating costs against a backdrop of ongoing global economic uncertainty. Nevertheless, the directors remain positive about the Company's longer-term prospects, supported by significant developments in the regulatory, commercial and technological environment in which GripHero operates.

During the financial year, increasing international recognition of the health risks associated with exposure to vehicle fuels has reinforced the importance of the Company's specialist safety solutions. In particular, the International Agency for Research on Cancer (IARC) classified automotive gasoline as carcinogenic to humans (Group 1) in 2025, representing a significant development in the understanding of the health risks associated with petrol exposure.

These developments have strengthened the relevance of GripHero's integrated approach to chemical hazard communication and purpose-designed personal protective equipment (PPE), addressing the specific circumstances of routine vehicle refuelling.

The Company has continued to invest in the development and improvement of its PPE and dispensing systems, enhancing their performance, functionality and environmental credentials. These developments further differentiate GripHero's offering through its combination of chemical resistance, electrostatic safety, convenience and substantially reduced material consumption and waste compared with conventional disposable alternatives.

The directors also recognise significant commercial opportunities arising from the application of existing health and safety legislation to vehicle refuelling undertaken as part of work. This extends the Company's potential market beyond traditional fuel retailers to include commercial fleets, transport operators and other organisations whose employees routinely refuel vehicles in the course of their employment.

Since the financial year-end, further extensive engagement with regulatory and enforcement authorities, supported by technical research and investigations into industry compliance practices, has strengthened the directors' confidence in the commercial relevance of GripHero's solutions and highlighted opportunities arising from the need for more comprehensive consideration of chemical exposure during routine refuelling.

Alongside these developments, GripHero continues to offer fuel retailers operational and commercial benefits, including improved customer convenience, cleaner hands and reduced barriers to purchases of food, beverages and other convenience products following refuelling.

The Company's established customer base across domestic and international markets, together with opportunities for further expansion within existing fuel retail networks and continued development of new markets, provides a valuable platform for future commercial growth.

Although the financial year resulted in a further loss, the directors consider that continued investment in product innovation, regulatory engagement and market development has strengthened the Company's competitive position and foundations for future growth. The Company remains focused on translating these developments into increased adoption across its domestic and international markets, while carefully managing operating expenditure and pursuing a return to profitability seen in prior years.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Griphero Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1-2, Hatchmoor Industrial Estate, Hatherleigh, Okehampton, Devon, EX20 3LP.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the director is aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.

The 2025–2026 financial year remained loss-making for this subsidiary, reflecting continued investment in product development and increased operating costs against a backdrop of ongoing global economic uncertainty. Nevertheless, the directors remain positive about the Company's longer-term prospects, supported by significant developments in the regulatory, commercial and technological environment in which GripHero operates.

During the financial year, increasing international recognition of the health risks associated with exposure to vehicle fuels has reinforced the importance of the Company's specialist safety solutions. In particular, the International Agency for Research on Cancer (IARC) classified automotive gasoline as carcinogenic to humans (Group 1) in 2025, representing a significant development in the understanding of the health risks associated with petrol exposure.

These developments have strengthened the relevance of GripHero's integrated approach to chemical hazard communication and purpose-designed personal protective equipment (PPE), addressing the specific circumstances of routine vehicle refuelling.

The Company has continued to invest in the development and improvement of its PPE and dispensing systems, enhancing their performance, functionality and environmental credentials. These developments further differentiate GripHero's offering through its combination of chemical resistance, electrostatic safety, convenience and substantially reduced material consumption and waste compared with conventional disposable alternatives.

The directors also recognise significant commercial opportunities arising from the application of existing health and safety legislation to vehicle refuelling undertaken as part of work. This extends the Company's potential market beyond traditional fuel retailers to include commercial fleets, transport operators and other organisations whose employees routinely refuel vehicles in the course of their employment.

Since the financial year-end, further extensive engagement with regulatory and enforcement authorities, supported by technical research and investigations into industry compliance practices, has strengthened the directors' confidence in the commercial relevance of GripHero's solutions and highlighted opportunities arising from the need for more comprehensive consideration of chemical exposure during routine refuelling.

Alongside these developments, GripHero continues to offer fuel retailers operational and commercial benefits, including improved customer convenience, cleaner hands and reduced barriers to purchases of food, beverages and other convenience products following refuelling.

The Company's established customer base across domestic and international markets, together with opportunities for further expansion within existing fuel retail networks and continued development of new markets, provides a valuable platform for future commercial growth.

Although the financial year resulted in a further loss, the directors consider that continued investment in product innovation, regulatory engagement and market development has strengthened the Company's competitive position and foundations for future growth. The Company remains focused on translating these developments into increased adoption across its domestic and international markets, while carefully managing operating expenditure and pursuing a return to profitability seen in prior years.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

The average monthly number of persons (including directors) employed by the company during the year was:

Included in bank loans is a balance of £39,818 (2025: £43,313) representing the current portion of a loan which is secured by fixed and floating charges on the assets of the company.

The company has entered into an invoice discounting agreement which is secured by fixed and floating charges on the assets of the company.

Included in bank loans is a balance of NIL (2025: £49,180) representing the non-current portion of a loan which is secured by fixed and floating charges on the assets of the company.

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

The following amounts were outstanding at the reporting end date:

Loans from connected individuals

At the year end, the company had a total loan balance of £852,000 outstanding from connected individuals. Amounts outstanding are unsecured and are not considered repayable within 12 months of the reporting date. Total interest of £NIL (2025: £NIL.) was paid on these loans during the financial year. The total balance of £852,000 is now interest-free.