FIRST NATURAL BRANDS LTD

• ⚠

  Annual accounts overdue

  Due 2026-04-30.

• ⚠

  Material uncertainty over going concern

  The directors are pleased to report that the group has renewed its bank facilities and have extended the maturity of its principal loan to November 2026. The directors have reviewed the ongoing cash flows of the business without the benefits of the increased consumer marketing and no new customers or new products and the group continues to operate with positive cash generation, The directors have therefore formed a judgement that at the time of the approving of these financial statements there is a reasonable expectation that the group has sufficient financial resources to operate for the foreseeable future and for at least 12 months from the date of this report. The company had cash balances of £177,350 and undrawn facilities of £155,189 at year end. The company made a pre-tax loss of £1.2 million in the year and draft accounts for the year ended 30 April 2025 have shown a significantly reduced pre-tax loss of £0.7million. The company was however profitable at an EBITDA level for the last 6 months of the year and EBITDA continues to increase as the benefit of a number of cost reductions continue to be realised. The parent company, First Natural Limited, has given the company an unlimited guarantee to secure all of its liabilities. Presently the company is in breach of its loan covenants with regards to amounts owing to it is bankers, Santander plc, who have continued to support the company through the extension and renewal of its loan facilities, though they have not waived the covenant breaches. The company is dependent upon the continuing support of its bankers. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -5.8%

  £8,075,331 → £7,607,201

• Cash

  -1.9%

  £180,858 → £177,350

• Net assets

  -166.5%

  £625,891 → -£416,468

  lowest in 6 filed years

• Employees

  +1.7%

  60 → 61

• Operating profit

  -134.1%

  -£323,776 → -£757,870

  lowest in 5 filed years

• Profit before tax

  -79.4%

  -£664,476 → -£1,192,359

  lowest in 6 filed years

• Wages

  +6.8%

  £1,740,616 → £1,859,748

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. FIRST NATURAL BRANDS LTD 2011-04-13 → present
2. AROMATHERAPY PRODUCTS LIMITED 1989-12-14 → 2011-04-13
3. AROMA THERAPY SUPPLIES LIMITED 1984-05-09 → 1989-12-14

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Galloways Accounting (Audit) Limited

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The directors are pleased to report that the group has renewed its bank facilities and have extended the maturity of its principal loan to November 2026. The directors have reviewed the ongoing cash flows of the business without the benefits of the increased consumer marketing and no new customers or new products and the group continues to operate with positive cash generation, The directors have therefore formed a judgement that at the time of the approving of these financial statements there is a reasonable expectation that the group has sufficient financial resources to operate for the foreseeable future and for at least 12 months from the date of this report. The company had cash balances of £177,350 and undrawn facilities of £155,189 at year end. The company made a pre-tax loss of £1.2 million in the year and draft accounts for the year ended 30 April 2025 have shown a significantly reduced pre-tax loss of £0.7million. The company was however profitable at an EBITDA level for the last 6 months of the year and EBITDA continues to increase as the benefit of a number of cost reductions continue to be realised. The parent company, First Natural Limited, has given the company an unlimited guarantee to secure all of its liabilities. Presently the company is in breach of its loan covenants with regards to amounts owing to it is bankers, Santander plc, who have continued to support the company through the extension and renewal of its loan facilities, though they have not waived the covenant breaches. The company is dependent upon the continuing support of its bankers. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “Following the end of the financial year, the group raised a further £160,700 through the issue of Ordinary Shares. The directors have the authority to raise a further £500,000 through the issue of ordinary and preferred shares. Following the end of the financial year the group has renewed its banking facilities and have extended the maturity of its principal loan to November 2026 and have the authority to raise a further £500,000 through the issue of ordinary and preferred shares and remains in dialogue with a number of minority investors to complete the issue of further shares.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.