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Cynthia Bryan
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1 Commercial(&( Retail(

2 !! ANNUAL! REPORT!&! ACCOUNTS!

4 Avent Limited (Formerly Cannon Rubber Ltd) Annual report and financial statements for the 52 week period ended 1 January 2006 Registered number:

5 Avent Limited Profit and loss account for the 52 week period ended 1 January 2006 Notes 52 weeks ended 1 January weeks ended 2 January Turnover 2 - continuing operations 87,934 83,539 - discontinuing operations 5,796 12,452 93,730 95,991 Cost of sales - continuing operations (44,648) (41,782) - discontinuing operations (5,653) (12,507) (50,301) (54,289) Gross profit - continuing operations 43,286 41,757 - discontinuing operations 143 (55) 43,429 41,702 Net operating expenses - continuing operations (25,146) (26,350) - discontinuing operations (771) (1,923) 3 (25,917) (28,273) Operating profit - continuing operations 18,140 15,407 - discontinuing operations (628) (1,978) 4 17,512 13,429 Interest receivable 70 9 Interest payable and similar charges 7 (299) (428) Profit on ordinary activities before taxation 17,283 13,010 Tax on profit on ordinary activities 8 (5,303) (3,841) Profit for the financial period 11,980 9,169 Dividends 9 (12,935) (10,649) Loss for the financial period 20 (955) (1,480) The company has no recognised gains or losses other than those included in the results above, and therefore no separate statement of total recognised gains and losses has been presented. There is no material difference between the profit on ordinary activities before taxation and the loss for the period stated above, and their historical cost equivalents. 6

6 Avent Limited Balance sheet as at 1 January 2006 Notes 1 January January Fixed assets Intangible assets Tangible assets 11 23,391 29,036 23,497 29,151 Current assets Stock 12 5,197 6,806 Debtors 13 22,147 17,942 Cash at bank and in hand 6,189 1,338 33,533 26,086 Creditors: amounts falling due within one year 14 (28,351) (23,314) Net current assets 5,182 2,772 Total assets less current 28,679 31,923 Creditors: amounts falling due after more than one year Provisions for liabilities and charges 15 (652) (2,596) 18 (474) (819) Net assets 27,553 28,508 Capital and reserves Called up share capital Share premium account 20 4,800 4,800 Revaluation reserve ,610 Profit and loss account 20 21,587 21,542 Total shareholders funds 21 27,553 28,508 The financial statements which comprise the profit and loss account, the balance sheet and related notes were approved by the Board of Directors on 19 April 2006 and were signed on its behalf by: D O Brien Director 7

7 Avent Limited 15 Creditors: amounts falling due after more than one year 1 January January Bank loan (note 16) - 1,853 Amounts owed to fellow subsidiary undertakings Obligations under finance leases and hire purchase contracts (note 17) ,596 The amounts owed to fellow subsidiary undertakings are unsecured, interest free and have no fixed date of repayment. The amount owed to fellow subsidiary undertakings is denominated in Singapore Dollars. 16 Bank loan The maturity profile of the bank loan is given below: 1 January January In one year or less or on demand In more than one year, but not more than two years In more than two years, but not more than five years - 1,235 In more than five years , Finance leases and hire purchase contracts The net obligations under finance leases and hire purchase contracts to which the company is committed is as follows: Finance leases Hire purchase Total 1 Jan Jan Jan Jan Jan Jan Within one year In more than one year, but not more than five years , ,427 17

8 Avent Limited 20 Reserves Share premium account 000 Revaluation reserve 000 Profit and loss account 000 At 2 January ,800 1,610 21,542 Transfer of Automotive division (note 26) - (1,000) 1,000 Loss for the financial period - - (955) At 1 January , , Reconciliation of movements in equity shareholders funds 1 January January Profit for the financial period 11,980 9,169 Dividends (12,935) (10,649) Decrease in equity shareholders funds (955) (1,480) Opening shareholders funds 28,508 29,988 Closing equity shareholders funds 27,553 28, Pension commitments The company operates a defined contribution ( money purchase ) Group Personal Pension Scheme for eligible employees. Under the scheme the company contributes up to a maximum of eight per cent of members scheme pay. Members may contribute to the scheme at their discretion. The pension charge for the year represents contributions payable by the company to the fund. As at 1 January 2006 amounts owing to the scheme amounted to 63,544 (2004: 88,824) and are included in accruals and deferred income. 19

20 Ian Edgar (Liverpool) Limited Financial statements for the year ended 31 March 2009 Profit and loss account Note Turnover 1 14,696,742 9,037,882 Cost of sales 11,096,720 6,073,743 Gross profit 3,600,022 2,964,139 Other operating charges 2 2,610,032 2,075,380 Other operating income 3 (150) (150) Operating profit 4 990, ,909 Interest receivable Interest payable and similar charges 8 (52,730) (45,344) Profit on ordinary activities before taxation 937, ,601 Tax on profit on ordinary activities 9 267, ,227 Profit for the financial year ; ,374

21 Ian Edgar (Liverpool) Limited Financial statements for the year ended 31 March 2009 Balance sheet Note Fixed assets Tangible assets , ,367 Investments , ,369 Current assets Stocks 13 5,440,505 4,101,896 Debtors 14 2,330,581 1,383,277 Cash at bank 44 11,892 7,771,130 5,497,065 Creditors: amounts falling due within one year 15 5,210,966 3,384,365 Net current assets 2,560,164 2,112,700 Total assets less current liabilities 2,847,062 2,329,069 Provisions for liabilities Deferred taxation 17 20,915 2,826,147 2,329,069 Capital and reserves Called-up equity share capital 22 26,199 26,199 Share premium account 23 7,651 7,651 Other reserves 24 3,559 3,559 Profit and loss account 25 2,788,738 2,291,660 Shareholders' funds 26 2,826,147 2,329,069 I EdgarMBE Director

22 Ian Edgar (Liverpool) Limited Financial statements for the year ended 31 March 2009 Cash flow statement Note Net cash (outflow)/inflow from operating activities 27 (270,135) 419,139 Returns on investments and servicing of finance 27 (52,621) (45,308) Taxation 27 (262,297) (56,930) Capital expenditure and financial investment 27 (152,855) (49,542) Equity dividends paid (172,794) (128,676) Cash (outflow)/ inflow before financing (910,702) 138,683 Financing 27 (17,147) (14,834) (Decrease) / increase in cash 27 (927,849) 123,849

23 Ian Edgar (Liverpool) Limited Financial statements for the year ended 31 March 2009 At 31 March 2009 the company held more than 10% of the allotted share capital of the following undertakings: Ian Edgar (Macclesfield) Limited Class of Nature Country of share Proportion of Capital and registration capital held held business reserves Profit for the financial year ,440, ,101, Trade debtors 2,144,367 1,273,608 Other debtors 10,935 Prepayments and accrued income 175, ,669 Deferred taxation (note 17) 2,000 2,330,581 1,383, Creditors: amounts falling due within one year Overdrafts 1,437, ,504 Trade creditors 2,631,773 1,932,710 Corporation tax 244, ,297 Other taxation and social security 397, ,855 Amounts due under hire purchase agreements 17,147 Proposed dividends 172, ,794 Other creditors 36,163 Director's loan accounts 39,254 59,515 Accruals and deferred income 251, ,543 5,210,966 3,384,365

24 Ian Edgar (Liverpool) Limited Financial statements for the year ended 31 March 2009 The following liabilities disclosed under creditors falling due within one year are secured by the company: Overdrafts Amounts due under finance leases and hire purchase agreements 1,437, ,504 17,147 Obligations relate. under finance leases and hire purchase Contracts are secured on the assets to which they ,147 17, Included in debtors (note 14) Included in provisions 20, (2,000) 20,915 Balance brought forward ProfIt and loss account movement arising during the year 2009 (2,000) 22, ,000 (10,000) Balance carried forward 20,915 (2,000) , (2,000)

25 Ian Edgar (Liverpool) Limited Financial statements for the year ended 31 March 2009 The company holds financial instruments in order to manage its exposure to currency risks arising from its operations and from its sources of finance. The company incurs foreign exchange risk on sales and purchases that are denominated in currencies other than sterling. The currencies principally giving rise to risk are US Dollars. The company uses forward exchange contracts to hedge its foreign currency risk. All of the forward exchange contracts have maturities of less than 12 months after the balance sheet date ' ,000 Buy US $ and sell Fair Value of the forward contract as an asset/ (liability) 378, At 31 March 2009 the company had annual commitments under non-cancellable operating leases as set out below Land & Other Land & Other Buildings Items Buildings Items Operating leases which expire: Within 1 year 7,995 4,563 Within 2 to 5 years 63,078 29,498 19,257 After more than 5 years 63, ,078 37,493 63,078 23, Contingent liabilities The company has provided guarantees amounting to 30,000 (2008: 15,000) in connection with the liability for deferred duty under a Customs and Excise bond. During the year interest of 4,739 (2008 : 3,971) was paid by the company to Mr Ian Edgar MBE. The balance owed to Mr Ian Edgar MBE at 31 March 2009 was 39,254 (2008 : 59,515).

26 Ian Edgar (Liverpool) Limited Financial statements for the year ended 31 March Share capital Authorised share capital: ,000 Ordinary shares of 1 each 50,000 50,000 Allotted, called up and fully paid: No No Ordinary shares of 1 each 26,199 26,199 26,199 26, Share premium account 24 Other reserves Other reserve balance brought forward 3,559 3, Profit and loss account Balance brought forward 2,291,660 1,873,078 Profit for the financial year 669, ,374 Equity dividends (172,794) (172,792) Balance carried forward 2,788,738 2,291,660 Profit for the financial year Equity dividends Net addition to shareholders' funds Opening shareholders' funds Closing shareholders' funds ,872 (172,794) 497,078 2,329,069 2,826, ,374 (172,792) 418,582 1,910,487 2,329,069

27 Ian Edgar (Liverpool) Limited Financial statements for the year ended 31 March 2009

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