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REGISTERED NUMBER: 10972150 (England and Wales)






























GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD

20 SEPTEMBER 2017 TO 29 JUNE 2018

FOR

BASTIAN PLC

BASTIAN PLC (REGISTERED NUMBER: 10972150)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 5

Report of the Independent Auditors 7

Consolidated Statement of Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16


BASTIAN PLC

COMPANY INFORMATION
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018







DIRECTORS: Mrs MA Bastian
Mr KC Bastian



SECRETARY: Mr KC Bastian



REGISTERED OFFICE: Northbridge Place
Frog Island
Leicester
Leicestershire
LE3 5DH



REGISTERED NUMBER: 10972150 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr W Scales FCA FMAAT



AUDITORS: Mark J Rees LLP, Statutory Auditor
Chartered Accountants
Granville Hall
Granville Road
Leicester
LE1 7RU

BASTIAN PLC (REGISTERED NUMBER: 10972150)

GROUP STRATEGIC REPORT
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


The directors present their strategic report of the company and the group for the period 20 September 2017 to
29 June 2018.

In 2009, the owners of Fischer Future Heat UK Limited, Keith and Maria Bastian decided to bring German
manufactured heating to the UK. They already had over 12 years' experience in the industry when they started supplying
Fischer heating to the British public. Their passion for bringing efficient and economical heating to the British market
has led them on a journey which has seen them grow the company into a household name. In 2012, Fischer Future Heat
UK Limited was moved to its current Head Office location at Frog Island. In November 2017, Fischer Future Heat UK
Limited became a part of the Bastian Plc group of companies.

German engineering under British ownership is a unique aspect of our organisation that we are extremely proud of and
we know many of our customers are delighted to hear that we are British owned and comment that it offers them peace
of mind, knowing that the company they are dealing with is not so far away!

In 2017 Foxglove Energy Supply Limited and Fischer Energy Plc were added to the Bastian Plc portfolio of companies.

Foxglove Energy Supply Limited, and its sister company Fischer Energy Plc, are here to bring positive change for
customers who value fairness, honesty and loyalty. We offer a simple ‘One Fair Tariff’ to all our customers. Foxglove
Energy Supply Limited is ‘Powering The Future’ by delivering the fairest and most competitive price we can.

Foxglove Energy Supply Limited already has a fantastic relationship with the British public in energy saving heating
through our sister company, Fischer Future Heat UK Limited. We appreciate the frustrations many people can face when
aiming for the best deal to power and heat your home. We are in a unique position to provide a complete service that
ensures an efficient way to heat your home, powered by an energy supplier that delivers fair and honest service at a
competitive rate.

The directors are responsible for the maintenance of the group websites www.fischerfutureheat.com and
www.foxgloveenergy.co.uk.


BASTIAN PLC (REGISTERED NUMBER: 10972150)

GROUP STRATEGIC REPORT
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018

REVIEW OF BUSINESS
The group experienced significant growth in the energy segment of the business, with a rapid rise in customer
recruitment being achieved.This extended past the balance sheet date and now is stabilising. Due to the rapid growth
there have been challenges in the customer service areas but these have now been resolved and the company is
implementing significant improvements in the customer service offering.

The group consolidated its storage heater business in the year, improving profit margins whilst maintaining revenue.

The results for the year and financial position of the group are as shown in the financial statements.

FINANCIAL KEY PERFORMANCE INDICATORS

The group has had a successful first year, with turnover of £40.7 million and gross profit margins of 30.4%. This has
resulted in an operating profit of £4.6 million and net assets of £6.3 million. Net profit of £3.1 million was achieved in
the period.

Our KPI's for the year show how much we have achieved this year:

KPI's £    2018

Turnover 40,660
Gross Profit % 30.4
Operating Profit 4,585
Operating Profit % 11.3
Net Profit 3,075
Net Assets 6,321


Substantial investment has been made in plant and machinery to improve service levels and efficiency and to provide the
capacity for future growth.

Our experienced management team and strong financial position enable us to be well positioned to continue the
successful development of the company.

PRINCIPAL RISKS AND UNCERTAINTIES
The group manages liquidity risk by ensuring that there are sufficient funds to meet amounts due to trade creditors and
loan repayments. Trade debtors are managed in respect of credit and cash flow risk by regular monitoring of amounts
outstanding in terms of time and credit limits.

Movements in the energy commodities market can have a considerable impact on both its turnover and gross margin.
The group has entered into an energy commodities hedge to mitigate this risk.

With these risks and uncertainties in mind, we are aware that any plans for the future development of the business may
be subject to unforeseen events outside of our control.


BASTIAN PLC (REGISTERED NUMBER: 10972150)

GROUP STRATEGIC REPORT
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018

FUTURE ACTIVITIES
The company will continue to invest in its market and sales activities to broaden the customer base and develop a
stronger customer service offering.

ON BEHALF OF THE BOARD:



Mr KC Bastian - Director


3 April 2019

BASTIAN PLC (REGISTERED NUMBER: 10972150)

REPORT OF THE DIRECTORS
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


The directors present their report with the financial statements of the company and the group for the period
20 September 2017 to 29 June 2018.

INCORPORATION
The group was incorporated on 20 September 2017 and commenced trading on the same date.

DIVIDENDS
The total distribution of dividends for the period ended 29 June 2018 will be £214,000.

DIRECTORS
The directors who have held office during the period from 20 September 2017 to the date of this report are as follows:

Mrs MA Bastian - appointed 20 September 2017
Mr KC Bastian - appointed 20 September 2017

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

POLITICAL DONATIONS AND EXPENDITURE
No political donations were made in the period.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial
statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors
have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting
Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not
approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the
company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the
directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will
continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the
company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the
company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act
2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have
taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the
group's auditors are aware of that information.

BASTIAN PLC (REGISTERED NUMBER: 10972150)

REPORT OF THE DIRECTORS
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


AUDITORS
The auditors, Mark J Rees LLP, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual
General Meeting.

ON BEHALF OF THE BOARD:





Mr KC Bastian - Director


3 April 2019

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BASTIAN PLC


Opinion
We have audited the financial statements of Bastian Plc (the 'parent company') and its subsidiaries (the 'group') for the
period ended 29 June 2018 which comprise the Consolidated Statement of Comprehensive Income, Consolidated
Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes
in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the
Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United
Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
- give a true and fair view of the state of the group's and of the parent company affairs as at 29 June 2018 and of the
group's profit for the period then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the
financial statements section of our report. We are independent of the group in accordance with the ethical requirements
that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have
fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to
you where:
- the directors' use of the going concern basis of accounting in the preparation of the financial statements is not
appropriate; or
- the directors have not disclosed in the financial statements any identified material uncertainties that may cast
significant doubt about the group's ability to continue to adopt the going concern basis of accounting for a period of
at least twelve months from the date when the financial statements are authorised for issue.
We agree with the assessment of going concern of the directors as outlined in note 3.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group
Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the
Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing
so, consider whether the other information is materially inconsistent with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether there is a material misstatement in the financial
statements or a material misstatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact. We have nothing to
report in this regard.

Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which
the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal
requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BASTIAN PLC


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in
the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the
Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you
if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not
been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible
for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
internal control as the directors determine necessary to enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease
operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with
ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those
matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's
members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr W Scales FCA FMAAT (Senior Statutory Auditor)
for and on behalf of Mark J Rees LLP, Statutory Auditor
Chartered Accountants
Granville Hall
Granville Road
Leicester
LE1 7RU

3 April 2019

BASTIAN PLC (REGISTERED NUMBER: 10972150)

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018

Notes £   

TURNOVER 4 40,660,218

Cost of sales 28,288,984
GROSS PROFIT 12,371,234

Administrative expenses 7,825,799
4,545,435

Other operating income 39,627
OPERATING PROFIT 6 4,585,062

Interest receivable and similar income 103,255
4,688,317

Interest payable and similar expenses 7 36,790
PROFIT BEFORE TAXATION 4,651,527

Tax on profit 8 1,576,509
PROFIT FOR THE FINANCIAL PERIOD 3,075,018

OTHER COMPREHENSIVE INCOME
Merger reserve 49,999
Income tax relating to other comprehensive
income

-
OTHER COMPREHENSIVE INCOME
FOR THE PERIOD, NET OF INCOME
TAX


49,999
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD

3,125,017

Profit attributable to:
Owners of the parent 3,075,018

Total comprehensive income attributable to:
Owners of the parent 3,125,017

BASTIAN PLC (REGISTERED NUMBER: 10972150)

CONSOLIDATED BALANCE SHEET
29 JUNE 2018

Notes £    £   
FIXED ASSETS
Intangible assets 11 439,741
Tangible assets 12 3,635,441
Investments 13 254,000
Investment property 14 1,452,932
5,782,114

CURRENT ASSETS
Stocks 15 774,864
Debtors: amounts falling due within one year 16 13,686,894
Debtors: amounts falling due after more than
one year

16

2,593,391
Cash at bank and in hand 2,406,015
19,461,164
CREDITORS
Amounts falling due within one year 17 17,361,621
NET CURRENT ASSETS 2,099,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,881,657

CREDITORS
Amounts falling due after more than one
year

18

(1,489,289

)

PROVISIONS FOR LIABILITIES 22 (71,100 )
NET ASSETS 6,321,268

CAPITAL AND RESERVES
Called up share capital 23 50,000
Merger reserve 24 49,999
Fair value reserve 24 75,091
Retained earnings 24 6,146,178
SHAREHOLDERS' FUNDS 6,321,268

The financial statements were approved by the Board of Directors on 3 April 2019 and were signed on its behalf by:





Mr KC Bastian - Director


BASTIAN PLC (REGISTERED NUMBER: 10972150)

COMPANY BALANCE SHEET
29 JUNE 2018

Notes £    £   
FIXED ASSETS
Intangible assets 11 -
Tangible assets 12 -
Investments 13 3,000,002
Investment property 14 -
3,000,002

CURRENT ASSETS
Debtors: amounts falling due within one year 16 62,500

CREDITORS
Amounts falling due within one year 17 12,502
NET CURRENT ASSETS 49,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,050,000

CAPITAL AND RESERVES
Called up share capital 23 50,000
Share premium 24 3,000,000
SHAREHOLDERS' FUNDS 3,050,000

Company's profit for the financial year 214,000

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3 April 2019 and were signed on its behalf by:





Mr KC Bastian - Director


BASTIAN PLC (REGISTERED NUMBER: 10972150)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018

Called up Fair
share Retained Merger value Total
capital earnings reserve reserve equity
£    £    £    £    £   

Changes in equity
Issue of share capital 50,000 - - - 50,000
Dividends - (214,000 ) - - (214,000 )
Total comprehensive income - 2,999,927 49,999 75,091 3,125,017
Balance at 29 June 2018 50,000 2,785,927 49,999 75,091 2,961,017

BASTIAN PLC (REGISTERED NUMBER: 10972150)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   

Changes in equity
Issue of share capital 50,000 - 3,000,000 3,050,000
Dividends - (214,000 ) - (214,000 )
Total comprehensive income - 214,000 - 214,000
Balance at 29 June 2018 50,000 - 3,000,000 3,050,000

BASTIAN PLC (REGISTERED NUMBER: 10972150)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018

Notes £   
Cash flows from operating activities
Cash generated from operations 1 1,184,845
Interest paid (30,332 )
Interest element of hire purchase payments
paid

(6,458

)
Tax paid 236,110
Net cash from operating activities 1,384,165

Cash flows from investing activities
Purchase of intangible fixed assets (439,741 )
Purchase of tangible fixed assets (509,743 )
Purchase of investment property (362,932 )
Sale of tangible fixed assets 263,991
Opening cash position of acquisitions 2,404,563
Interest received 103,255
Net cash from investing activities 1,459,393

Cash flows from financing activities
New loans in year 268,000
Loan repayments in year (193,400 )
Capital repayments in year (174,073 )
Amount introduced by directors 415,302
Amount withdrawn by directors (753,372 )
Net cash from financing activities (437,543 )

Increase in cash and cash equivalents 2,406,015
Cash and cash equivalents at beginning of
period

2

-

Cash and cash equivalents at end of
period

2

2,406,015

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
£   
Profit before taxation 4,651,527
Depreciation charges 272,068
Loss on disposal of fixed assets 194,405
Gain on revaluation of fixed assets (75,091 )
Finance costs 36,790
Finance income (103,255 )
4,976,444
Increase in stocks (774,864 )
Increase in trade and other debtors (15,918,662 )
Increase in trade and other creditors 12,901,927
Cash generated from operations 1,184,845

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these
Balance Sheet amounts:

Period ended 29 June 2018
29.6.18 20.9.17
£    £   
Cash and cash equivalents 2,406,015 -

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


1. STATUTORY INFORMATION

The principal activities of Bastian Plc (the company) and its subsidiaries (together, the group) in the period under
review were comprised of the retail and installation of storage heaters and of the sale of domestic electricity and
gas supply.

Bastian Plc is a Public Limited 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. 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" 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.

The group financial statements consolidate the financial statements of Bastian Plc and all its subsidiary
undertakings drawn up to 29 June each year.

The financial statements are presented in Sterling (£).

The group has taken advantage of the following disclosure exemption in preparing these financial statements, as
permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirement of Section 33 Related Party Disclosures paragraph 33.7.

BASIS OF CONSOLIDATION
The group financial statements consolidate those of the company and of its subsidiary undertakings drawn up to
29 June 2018. Profits and losses on intra group transactions are eliminated in full. On acquisition of a subsidiary,
all of the subsidiary's assets and liabilities which exist at the date of acquisition are recorded at their fair values
reflecting their condition at that date.

The group has adopted the merger basis of accounting. The merger reserve included in the reserves represent the
difference between the cost of the investment in subsidiary undertakings and the nominal values of the share
capital of those subsidiary undertakings.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the
financial statements.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The preparation of the financial statements requires the use of certain accounting estimates, as detailed in the
accounting policies. It also requires management to exercise judgement in the process of applying the accounting
policies.

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


3. ACCOUNTING POLICIES - continued

TURNOVER
The two revenue streams of the group are recognised as follows;

Retail and installation of storage heaters
Revenue comprises the fair value for the sale of goods and provision of services excluding value added taxes and
represents net invoice value less estimated rebates, returns and settlement discounts.

The company supplies products to customers from its warehouses, under standard terms and conditions. In all
cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on
installation of the goods.

Sale of domestic electricity and gas supply
Revenue is recognised on the basis of electricity and gas supplied during the period. Revenue includes an
estimate of the sales value of units supplied to customers between the date of the last meter read and year end
date. This estimate is based on the latest data provided by the industry at a certain point in time and takes into
account seasonal variations and usage patterns. Revenue is recognised net of sales discounts, value added taxes
and climate change levy.

Turnover includes the directors' best estimate of differences between estimated sales and billed sales. All actual
metered consumption data related to customer's electricity consumption received by the end of the period has
been reflected in turnover. Actual metered consumption data relating to the period but received after the period
end is not reflected in turnover. The estimated consumption data is revised over a twelve month settlement
period.

Any unbilled revenue is included in trade revenue, net of related provisions, to the extent that it is considered
recoverable. Accrued revenue supplied since the last billing date is recognised in the balance sheet and is only
netted off against deferred income once it can be matched against specific customer payments.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost excluding land
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost, 20% on cost and 15% on cost
Motor vehicles - 25% on reducing balance

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount
may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of fair value
less costs to sell and value-in-use, are recognised as impairment losses. Impairments of revalued assets are
treated as a revaluation decrease. All other impairment losses are recognised in profit and loss.

INVESTMENT PROPERTY
Investment properties for which value can be measured reliably without undue cost or effort on an ongoing basis
are measured at fair value annually with any change recognised in the profit and loss account.

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


3. ACCOUNTING POLICIES - continued

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

Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or
defective items where appropriate.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated Statement of
Comprehensive Income, 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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


3. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset held as an equity instrument is recognised initially at the transaction price, including transaction
costs.

At the end of each reporting period, unlisted equity investments are recorded at fair value, where appropriate, or
at cost less impairment if their fair value cannot be reliably measured. Objective evidence of the impairment of
financial assets is assessed at each period end and any impairment loss recognised in the profit or loss
immediately. Impairment loss is calculated as the difference between the carrying amount of the instrument and
the best estimate of the cash flows expected to be derived from the asset, including sales proceeds if sold, at the
balance sheet date.

Investment income is recognised in the financial statements when the company becomes entitled to its share of
profits from the financial instrument.

Derivative financial instruments are recognised using a valuation technique with material movements being
recognised in the profit and loss in the relevant period. Outstanding material derivatives at reporting date are
included under the appropriate format heading in debtors or creditors depending on the nature of the derivative.

The company has a risk management strategy in place and the energy commodities risk arising from fluctuating
energy requirements and market prices is hedged.

DEBTORS
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the
effective interest method, less any impairment.

CREDITORS
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans,
are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost
using the effective interest method.

GOING CONCERN
The financial statements have been prepared on the going concern basis. The industry one of the group's
components operates in is volatile and heavily reliant on estimates. Accordingly, the directors have analysed the
going concern status in detail. This analysis, along with confirmed support from group companies and the
financial strength of the other components of the group, has allowed the directors to conclude there is no material
uncertainty in relation to going concern.

4. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the group.

An analysis of turnover by class of business is given below:

£   
Retail of storage heaters 19,004,738
Domestic energy supply 21,655,480
40,660,218

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


5. EMPLOYEES AND DIRECTORS
£   
Wages and salaries 1,470,095
Social security costs 158,335
Other pension costs 91,764
1,720,194

The average number of employees during the period was as follows:

Management 3
Administration 98
Sales 28
129

The average number of employees by undertakings that were proportionately consolidated during the period was
129 .

£   
Directors' remuneration 45,792
Directors' pension contributions to money purchase schemes 80,038

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2

6. OPERATING PROFIT

The operating profit is stated after charging:

£   
Hire of plant and machinery 4,361
Depreciation - owned assets 321,454
Depreciation - assets on hire purchase contracts 135,004
Loss on disposal of fixed assets 194,405
Auditors remuneration 24,250

7. INTEREST PAYABLE AND SIMILAR EXPENSES
£   
Bank interest 682
Bank loan interest 29,650
Hire purchase 6,458
36,790

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
£   
Current tax:
UK corporation tax 780,058
Prior year
UK corporation tax 616,055
Total current tax 1,396,113

Deferred taxation 180,396
Tax on profit 1,576,509

UK corporation tax has been charged at 19 % .

RECONCILIATION OF TOTAL TAX CHARGE INCLUDED IN PROFIT AND LOSS
The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is
explained below:

£   
Profit before tax 4,651,527
Profit multiplied by the standard rate of corporation tax in the UK of 19 % 883,790

Effects of:
Expenses not deductible for tax purposes 8,468
Income not taxable for tax purposes (54,244 )
Depreciation in excess of capital allowances 297,186
Utilisation of tax losses (174,746 )
Adjustments to tax charge in respect of previous periods 616,055
Total tax charge 1,576,509

Tax effects relating to effects of other comprehensive income

Gross Tax Net
£    £    £   
Merger reserve 49,999 - 49,999

9. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not
presented as part of these financial statements.


BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


10. DIVIDENDS
£   
Ordinary shares of £1 each
Interim 214,000

11. INTANGIBLE FIXED ASSETS

Group
Development
costs
£   
COST
Additions 439,741
At 29 June 2018 439,741
NET BOOK VALUE
At 29 June 2018 439,741

During the period, costs relating to the development of the Customer Relationship Management system, an asset
central to the sales of one of the entities in the group, were capitalised.

12. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 20 September 2017 3,045,641 49,138 839,737 1,067,512 5,002,028
Additions 248,545 13,608 155,459 150,293 567,905
Disposals (381,251 ) (11,000 ) (26,886 ) (273,186 ) (692,323 )
At 29 June 2018 2,912,935 51,746 968,310 944,619 4,877,610
DEPRECIATION
At 20 September 2017 94,685 10,794 397,637 518,353 1,021,469
Charge for period 48,145 6,995 145,840 255,478 456,458
Eliminated on disposal (5,520 ) (2,605 ) (1,398 ) (226,235 ) (235,758 )
At 29 June 2018 137,310 15,184 542,079 547,596 1,242,169
NET BOOK VALUE
At 29 June 2018 2,775,625 36,562 426,231 397,023 3,635,441
At 19 September 2017 2,950,956 38,344 442,100 549,159 3,980,559

Included in cost of land and buildings is freehold land of £529,788 which is not depreciated.

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


12. TANGIBLE FIXED ASSETS - continued

Group

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 20 September 2017 508,915
Additions 58,161
Disposals (43,900 )
At 29 June 2018 523,176
DEPRECIATION
At 20 September 2017 95,026
Charge for period 135,004
Eliminated on disposal (14,624 )
At 29 June 2018 215,406
NET BOOK VALUE
At 29 June 2018 307,770
At 19 September 2017 413,889

13. FIXED ASSET INVESTMENTS

Group
Unlisted
investments
£   
COST
At 20 September 2017
and 29 June 2018 254,000
NET BOOK VALUE
At 29 June 2018 254,000
At 19 September 2017 254,000

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


13. FIXED ASSET INVESTMENTS - continued

Company
Shares in
group
undertakings
£   
COST
Additions 3,000,002
At 29 June 2018 3,000,002
NET BOOK VALUE
At 29 June 2018 3,000,002

The group or the company's investments at the Balance Sheet date in the share capital of companies include the
following:

SUBSIDIARIES

Fischer Future Heat UK Limited
Registered office: The Waterfront 19-20 North Mills, Frog Island, Leicester, LE3 5DH
Nature of business: Sale and installation of storage heaters
%
Class of shares: holding
Ordinary 100.00
30.6.18 30.6.17
£    £   
Aggregate capital and reserves 5,290,356 4,028,820
Profit for the year 1,475,536 1,041,570

Bastian Plc acquired 100% of the share capital of Fischer Future Heat UK Limited on 13 November 2017 by
way of a share for share purchase amounting to total consideration of £3 million in shares. This has been
accounted for using the merger accounting method.

Since the acquisition date to the balance sheet date, revenue has amounted to £19,004,738 and profit has
amounted to £1,378,544.

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


13. FIXED ASSET INVESTMENTS - continued

Foxglove Energy Supply Limited
Registered office: 16 North Mills, Frog Island, Leicester, Leicestershire, England, LE3 5DL
Nature of business: Domestic supply of electricity and gas
%
Class of shares: holding
Ordinary 100.00
30.6.18 12.11.17
£    £   
Aggregate capital and reserves 938,860 (761,211 )
Profit/(loss) for the period 1,700,071 (761,212 )

Bastian Plc acquired 100% of the share capital of Foxglove Energy Supply Limited on 13 November 2017 for a
nominal value of £1. This has been accounted for using the merger accounting method.

Since the acquisition date to the balance sheet date, revenue has amounted to £21,655,480 and profit has
amounted to £1,700,071.

Fischer Energy Plc
Registered office: Granville Hall, Granville Road, Leicester, United Kingdom, LE1 7RU
Nature of business: Non-trading
%
Class of shares: holding
Ordinary 100.00
2018 22.6.17
£    £   
Aggregate capital and reserves 42,155 45,750
Loss for the period (3,595 ) (4,250 )

Bastian Plc acquired 100% of the share capital of Fischer Energy Plc on 24 November 2017 for a nominal value
of £1. This has been accounted for using the merger accounting method.

Foxglove Asset Leasing Limited
Registered office: 19-20 North Mills, Frog Island, Leicester, Leicestershire, England, LE3 5DH
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
30.6.18 30.6.18
£    £   
Aggregate capital and reserves 2 2

Bastian Plc acquired 100% of the share capital of Foxglove Asset Leasing Limited when it acquired Foxglove
Energy Supply. This has been accounted for using the merger accounting method.

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


13. FIXED ASSET INVESTMENTS - continued

Fischer Heat UK Limited
Registered office: Granville Hall, Granville Road, Leicester, Leicestershire, United Kingdom, LE1 7RU
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
30.6.18 30.6.17
£    £   
Aggregate capital and reserves 100 100

Bastian Plc acquired 100% of the share capital of Fischer Heat UK Limited when Fischer Future Heat UK
Limited, a subsidiary of Bastian Plc, purchased it on 19 January 2018. This has been accounted for using the
merger accounting method.


14. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 20 September 2017 1,014,909
Additions 362,932
Revaluations 75,091
At 29 June 2018 1,452,932
NET BOOK VALUE
At 29 June 2018 1,452,932
At 19 September 2017 1,014,909

Fair value at 29 June 2018 is represented by:

£   
Valuation in 2018 75,091
Cost 1,377,841
1,452,932

If investment property had not been revalued they would have been included at the following historical cost:

£   
Cost 1,377,841

Investment properties were revalued to fair value at 29 June 2018, based on a valuation undertaken by the
directors. The method used for determining fair value was valuing against an active market.

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


15. STOCKS


Group
£   
Stocks 774,864

During the period, stock amounting to £4,605,156 was recognised as an expense.

16. DEBTORS


Group Company
£    £   
Amounts falling due within one year:
Trade debtors 5,921,749 -
Other debtors 3,616,013 37,500
Derivative asset 2,066,504 -
Directors' current accounts 338,070 25,000
Taxation 23,553 -
Prepayments 1,721,005 -
13,686,894 62,500

Amounts falling due after more than one
year:
Other debtors 2,593,391 -

Aggregate amounts 16,280,285 62,500

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


Group Company
£    £   
Bank loans and overdrafts (see note 19) 203,019 -
Hire purchase contracts (see note 20) 42,245 -
Trade creditors 6,369,769 -
Amounts owed to group undertakings - 12,500
Taxation 1,655,776 -
Paye/Ni payable 56,384 -
VAT 149,387 -
Other creditors 2,385,412 2
Accruals and deferred income 6,499,629 -
17,361,621 12,502

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR


Group
£   
Bank loans (see note 19) 1,488,339
Hire purchase contracts (see note 20) 950
1,489,289

19. LOANS

An analysis of the maturity of loans is given below:


Group
£   
Amounts falling due within one year or on
demand:
Bank loans - less than 1 yr 203,019
Amounts falling due between two and five
years:
Bank loans - 2-5 years 1,212,220
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more than 5 years
by instalment 276,119
276,119

At the balance sheet date, the group had six bank loans.

The first bank loan commenced in 2015. It is repayable over a term of 20 years, having interest charged at a rate
of 4.1%.

The second bank loan commenced in 2015. It is repayable over a term of 20 years, having interest charged at
4.1%.

The third bank loan commenced in 2016. It is repayable over a term of 5 years, having interest charged at 2%
over the Bank of England's Base Rate.

The company's fourth loan commenced in 2016. It is repayable over a term of 5 years, with 59 equal monthly
repayments of £8,300 and a final balancing payment at the end of the term. Interest is charged at 2.5% using a 10
year amortisation profile.

The fifth bank loan commenced in 2017. It is repayable over a term of 5 years, having interest charged at a rate
of 2% over the Bank of England's Base Rate.

The sixth bank loan commenced in 2017. It is repayable over a term of 5 years, having interest charged at a rate
of 2% over the Bank of England's Base Rate.

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


20. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire
purchase
contracts
£   
Net obligations repayable:
Within one year 42,245
Between one and five years 950
43,195

Group
Non-
cancellable
operating leases
£   
Within one year 35,429
Between one and five years 141,716
In more than five years 578,012
755,157

During the period, operating lease commitments amounting to £40,358 were recognised as an expense.

21. SECURED DEBTS

The following secured debts are included within creditors:


Group
£   
Bank loans 1,691,358
Hire purchase contracts 43,195
1,734,553

The bank loans of the group are secured on the assets to which they relate, a personal guarantee dated 12 March
2015 from Mr K C Bastian, director, limited to £50,000, a cross charge dated 8 November 2016 and an
unlimited debenture dated 18 March 2015, incorporating a fixed and floating charge.

There is a cross guarantee and debenture dated 8 November 2016 and a limited guarantee from the directors Mr
KC Bastian and Mrs MA Bastian amounting to £100,000 dated 17 February 2017.

There is also a debenture including a fixed charge over all present freehold and leasehold property, a fixed
charge over book, other debts, chattels, goodwill and uncalled capital and a floating charge over all assets and
undertaking both present and future dated 19 February 2018.

The hire purchase contracts are secured on the asset to which they relate.

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


22. PROVISIONS FOR LIABILITIES


Group
£   
Deferred tax
Accelerated capital allowances 71,459
Other timing differences (359 )
71,100

Group
Deferred
tax
£   
Provided during period 71,100
Balance at 29 June 2018 71,100

23. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
12,500 Ordinary £1 12,500

Allotted and issued:
Number: Class: Nominal
value: £   
37,500 Ordinary £1 37,500

Share Premium:

Number:

Class:

Nominal
Value:


£

3,000,000 Ordinary £1 3,000,000

During the period 50,000 Ordinary shares of £1 each were issued at par. An additional 3,000,000 Ordinary
shares of £1 each were also issued during the period as part of a share for share exchange in the acquisition of
Fischer Future Heat UK Limited.

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


24. RESERVES

Group
Fair
Retained Merger value
earnings reserve reserve Totals
£    £    £    £   

At 20 September 2017 3,360,251 - - 3,360,251
Profit for the period 3,075,018 3,075,018
Dividends (214,000 ) (214,000 )
Group reconstruction - 49,999 - 49,999
Transfer to fair value reserve (75,091 ) - 75,091 -
At 29 June 2018 6,146,178 49,999 75,091 6,271,268

Company
Retained Share
earnings premium Totals
£    £    £   

Profit for the period 214,000 214,000
Dividends (214,000 ) (214,000 )
Group reconstruction - 3,000,000 3,000,000
At 29 June 2018 - 3,000,000 3,000,000


25. PENSION COMMITMENTS

The group operates defined contribution pension schemes. The assets of the schemes are held separately from
those of the group within independently administered funds. The total contributions paid in the year amounted to
£91,493. Contributions of £5,211 were unpaid at the year end.

26. ENERGY PURCHASE COMMITMENTS

The group hedges its exposure to changes in market prices from energy purchases.

The group has committed to purchase energy totalling £11,072,457 (2017: £2,176,574) and sell £1,507,536
(2017: £Nil).

The fair value of these forward contracts amounts to £2,066,504 at the balance sheet date.

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


27. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 29 June 2018:

£   
Mr KC Bastian and Mrs MA Bastian
Balance outstanding at start of period -
Amounts advanced 753,372
Amounts repaid (415,302 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 338,070

The loans were interest free and repayable on demand.

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


28. RELATED PARTY DISCLOSURES

Fischer Malta Limited
At the balance sheet date the group owed £146,965 to Fischer Malta Limited, a Maltese company in which the
directors and shareholders of Bastian Plc, Mr K C Bastian and Mrs M A Bastian hold an interest.

Fischer Marketing Malta Limited
At the balance sheet date the group owed £550,633 to Fischer Marketing Malta Limited, a Maltese company in
which the directors and shareholders of Bastian Plc, Mr K C Bastian and Mrs M A Bastian hold an interest.

Premier Radiators Malta Limited
At the balance sheet date the group was owed £374,945 by Premier Radiators Malta Limited, a Maltese company
in which the directors and shareholders of Bastian Plc, Mr K C Bastian and Mrs M A Bastian hold an interest.

Premier Radiators Ireland Limited
At the balance sheet date the group was owed £67,002 by Premier Radiators Ireland Limited, an Irish company
in which the directors and shareholders of Bastian Plc, Mr K C Bastian and Mrs M A Bastian hold an interest.

Premier Radiators Limited
At the balance sheet date the group owed £250,000 to Premier Radiators Limited, an UK company in which the
directors and shareholders of Bastian Plc, Mr K C Bastian and Mrs M A Bastian hold an interest.

Fischer Future Heat Ireland Limited
At the balance sheet date the group was owed £30,435 by Fischer Future Heat Ireland Malta Limited, an Irish
company in which the directors and shareholders of Bastian Plc, Mr K C Bastian and Mrs M A Bastian hold an
interest.

During the period, sales amounting to £5,671 were made by the group to Fischer Future Heat Ireland Limited.

Fischer Vienna
At the balance sheet date the group was owed £2,089 by Fischer Vienna, an Austrian company in which the
directors and shareholders of Bastian Plc, Mr K C Bastian and Mrs M A Bastian hold an interest.

Fischer Future Heat Group Limited
At the balance sheet date the group was owed £4,161,336 by Fischer Future Heat Group Limited, an UK
company in which the directors and shareholders of Bastian Plc, Mr K C Bastian and Mrs M A Bastian hold an
interest.

Fischer GmbH Heiz Und Umwelttechnik
At the balance sheet date the group was owed £645,366 by Fischer GmbH Heiz Und Umwelttechnik, a German
company in which the directors and shareholders of Bastian Plc, Mr K C Bastian and Mrs M A Bastian hold an
interest.

During the period, the group made purchases amounting to £4,148,928 from Fischer GmbH Heiz Und
Umwelttechnik.

Ekorad Limited
At the balance sheet date the group owed £87,503 to Ekorad Limited, an UK company in which the directors and
shareholders of Bastian Plc, Mr K C Bastian and Mrs M A Bastian hold an interest.

During the period, sales amounting to £63,083 were made by the group to Ekorad Limited.

Novorad Limited
At the balance sheet date the group was owed £1,777 by Novorad Limited, an UK company in which the
directors and shareholders of Bastian Plc, Mr K C Bastian and Mrs M A Bastian hold an interest.

BASTIAN PLC (REGISTERED NUMBER: 10972150)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 SEPTEMBER 2017 TO 29 JUNE 2018


During the period, sales amounting to £18,131 were made by the group to Novorad Limited.

Heat Energy Advisory Limited
At the balance sheet date the group owed £21,431 to Heat Energy Advisory Limited, an UK company in which
the directors and shareholders of Bastian Plc, Mr K C Bastian and Mrs M A Bastian hold an interest.

During the period, the group made purchases amounting to £3,626,560 from Heat Energy Advisory Limited.

Woodlands Installations Limited
At the balance sheet date the group owed £285,686 to Woodlands Installations Limited, an UK company in
which the directors and shareholders of Bastian Plc, Mr K C Bastian and Mrs M A Bastian hold an interest.

During the period, the group made purchases amounting to £1,384,220 from Woodlands Installations Limited.

Range Marketing Limited
At the balance sheet date the group was owed £28,873 by Range Marketing Limited, an UK company in which
the directors and shareholders of Bastian Plc, Mr K C Bastian and Mrs M A Bastian hold an interest.

During the period, the group made purchases amounting to £1,384,220 from Range Marketing Limited.

During the period, a total of key management personnel compensation of £ 303,743 was paid.