REGISTERED NUMBER: 02564266 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2025

FOR

DENBURY DIESELS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M H Perryman

Miss T A Perryman

SECRETARY:

Miss T A Perryman

REGISTERED OFFICE:

Abbots Hill

Totnes Road

Newton Abbot

Devon

TQ12 5NE

REGISTERED NUMBER:

02564266 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Lloyds Bank Plc

41 Courtenay Street

Newton Abbot

Devon

TQ12 2EA

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

-

68,593

-

68,593

CURRENT ASSETS

Inventories

6

-

764,596

Debtors

7

31,492

61,002

Cash at bank and in hand

152,382

36,477

183,874

862,075

CREDITORS

Amounts falling due within one year

8

183,620

531,394

NET CURRENT ASSETS

254

330,681

TOTAL ASSETS LESS CURRENT LIABILITIES

254

399,274

CREDITORS

Amounts falling due after more than one year

9

-

(63,333

)

PROVISIONS FOR LIABILITIES

-

(9,864

)

NET ASSETS

254

326,077

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

54

325,877

SHAREHOLDERS' FUNDS

254

326,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2025 and were signed on its behalf by:

Miss T A Perryman - Director

1.	STATUTORY INFORMATION

Denbury Diesels 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Denbury Diesels Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Revenue 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 in 2001, is being amortised evenly over its estimated useful life of twenty years.

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.

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

-

Straight line over the life of the lease

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

An amount equal to the excess of the annual depreciation charge on revalued assets on the notional historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss account reserve.

Stocks

Inventories 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 period comprises current and deferred 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 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 period 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 30 September 2025

15,000

AMORTISATION

At 1 April 2024

and 30 September 2025

15,000

NET BOOK VALUE

At 30 September 2025

-

At 31 March 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

5,618

3,222

230,074

Additions

-

-

8,583

Disposals

(5,618

)

(3,222

)

(238,657

)

At 30 September 2025

-

-

-

DEPRECIATION

At 1 April 2024

1,733

3,222

189,537

Charge for period

-

-

12,792

Eliminated on disposal

(1,733

)

(3,222

)

(202,329

)

At 30 September 2025

-

-

-

NET BOOK VALUE

At 30 September 2025

-

-

-

At 31 March 2024

3,885

-

40,537

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

44,023

58,152

25,288

366,377

Additions

110

-

1,471

10,164

Disposals

(44,133

)

(58,152

)

(26,759

)

(376,541

)

At 30 September 2025

-

-

-

-

DEPRECIATION

At 1 April 2024

37,400

42,762

23,130

297,784

Charge for period

1,368

3,877

2,332

20,369

Eliminated on disposal

(38,768

)

(46,639

)

(25,462

)

(318,153

)

At 30 September 2025

-

-

-

-

NET BOOK VALUE

At 30 September 2025

-

-

-

-

At 31 March 2024

6,623

15,390

2,158

68,593

6.	INVENTORIES

2025

2024

£

£

Stocks

-

747,792

Parts, oil and fuel

-

16,804

-

764,596

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

962

40,793

Amounts owed by group undertakings

-

6,054

Other debtors

-

1,291

Tax

30,530

-

Prepayments

-

12,864

31,492

61,002

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

213,784

Trade creditors

13,849

72,219

Amounts owed to group undertakings

8,973

-

Tax

1,858

15,903

Social security and other taxes

-

7,068

VAT

94,462

16,935

Wages control

-

1,699

Directors' current accounts

6,966

172,164

Accrued expenses

57,512

29,872

Provision for Doubtful Debt

-

1,750

183,620

531,394

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

-

63,333

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

73,784

Bank loans

-

203,333

-

277,117

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 September 2025 and the year ended 31 March 2024:

2025

2024

£

£

Miss T A Perryman

Balance outstanding at start of period

(64,721

)

9,065

Amounts advanced

216,743

127,878

Amounts repaid

(153,615

)

(201,664

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(1,593

)

(64,721

)

Mr M H Perryman

Balance outstanding at start of period

(107,443

)

(107,443

)

Amounts advanced

102,132

-

Amounts repaid

(61

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(5,372

)

(107,443

)

For Mr M H Perryman, loans are unsecured, interest free and repayable on demand.

For Miss T A Perryman, loans are unsecured and repayable on demand. Interest is charged at 10% in the year on credit loan balances.

12.	RELATED PARTY DISCLOSURES

At the year end the company owed an amount of £8,973 to Denbury (Holdings) Ltd, the parent company of this company. The loan is unsecured, interest free and repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Denbury (Holdings) Ltd.

Registered Office and Principle Place of Business: c/o Denbury Diesels, Totnes Road, Newton Abbot, Devon, TQ12 5NE.