FMB Annual Report 2025-2026

From championing SME builders to raising industry standards, see how the FMB is supporting members and building for sustainable growth.

Build better

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Phillip Hall National President Federation of Master Builders

Brian Berry Chief Executive Federation of Master Builders

Contents

Foreword

President and CEO Introduction

Foreword

As we reflect on the past year, the strength of the building industry is clear: it lies in its people. Across the UK, FMB members have shown professionalism, resilience and a commitment to quality workmanship, despite economic uncertainty, changing regulation and persistent skills shortages. They continue to demonstrate why they are the trusted face of construction. Our purpose is to champion these businesses: representing small and medium-sized building firms while ensuring they have the support, recognition and opportunities they need to thrive. This year, we strengthened our voice with policymakers, calling for practical solutions that support sustainable growth, skills investment and a regulatory environment in which responsible firms can succeed. This report shows the breadth of our work for members, from expanding business support to raising consumer awareness of the value of choosing an FMB member. We have also fostered collaboration across the industry, recognising that challenges such as decarbonisation, retrofit and workforce development demand collective action and long-term commitment.

The opportunities ahead are significant. Demand for high-quality housing, the transition to net zero and the need to improve the nation’s existing building stock place skilled builders at the heart of the UK’s future prosperity. Realising this potential will require investment, innovation and confidence, with government and industry working together to empower smaller firms. We thank our members for the trust they place in us and for the standards they uphold every day. We are equally grateful to our National Board, Area Board representatives, partners and our colleagues, whose expertise and dedication strengthen our organisation and the services we provide. Looking ahead, we do so with confidence and determination. By continuing to champion excellence, support our members and speak with a strong, united voice, we will remain at the forefront of shaping a successful, resilient and respected construction industry.

FMB Strategic Plan

2025/26 Highlights

Membership services

Marketing & Sales

Digital

Influencing work

Commercial & Property

Master Builder Awards

FMB Events

FMB Insurance

FMB Across the UK

Going forward

Financial statements

The reporting period for this Annual Report is June 2025 to May 2026.

Federation of Master Builders Annual Report 2026

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FMB Strategic Plan – Project Growth 2024-2027 Our three-year plan, Project Growth, is designed to grow membership and strengthen the FMB brand, positioning us as the 'go-to' organisation for all who value building quality. Built on integrity, inclusivity and innovation, the plan is underpinned by five key strategic objectives:

2025/26 Highlights

100,000+ Build Up podcast views and downloads

Parliamentary drop-in hosted for Licence to Build campaign

Membership Growth

Standards

We are actively promoting the benefits of FMB membership to the construction industry, consumers and government. We reject up to 20% of applications to ensure that only competent and credible businesses become FMB members.

Standards are at the heart of the FMB, and we are committed to raising standards across the building industry. Our Licence to Build campaign, calling for the introduction of mandatory licensing for building companies, is beginning to gain traction.

160,000 homeowner searches for a builder via Find a Builder

800,000 website sessions

Enhanced e-learning platform launched

80%+ insurance customer retention

Promotion

Commercial

Our media engagement across all channels has grown significantly, with the FMB appearing regularly in the national media. We are recognised as the champion of SME builders, giving our members a strong and influential voice.

Our commercial activities continue to support the membership offer and help strengthen our financial resilience.

51 Associate Partners on the Associate programme

67% rise in National Conference sponsorship income

Data-Driven Growth

Our business decision-making is increasingly informed by the best available data, helping us shape and improve our membership offer.

33% rise in Master Builder Awards attendance

Media coverage across 448 outlets

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Membership Services The Membership Services team remains focused on two priorities: upholding the high standards expected of every Master Builder and providing valuable services that help members run successful businesses and thrive in a challenging marketplace.

Supporting our members

FMB contracts

We launched an enhanced e-learning platform offering a broader range of construction- specific accredited courses. The modernised platform provides a more accessible, user-friendly learning experience, helping members develop their skills and meet professional development needs.

The FMB contracts suite remains one of our most valued benefits, used by almost one-third of members each year. Following revisions in response to the Building Safety Act 2022, we have further enhanced the package with supporting documents to help members demonstrate competence and compliance, providing practical support in an increasingly regulated environment.

Here are some highlights from the past year.

standards, they provide an opportunity to meet the FMB face-to-face and discuss wider membership benefits, including the FMB Awards, contracts, insurance and business support. Since the start of 2026, particular focus has been placed on reconnecting with members who had not been inspected for an extended period.

Maintaining standards

Inspections

Dispute resolution

Inspecting members’ work remains a cornerstone of FMB membership. All applicants are inspected before joining, with members regularly inspected thereafter, underpinning the FMB’s reputation for quality and professionalism. Now established for 18 months, the FMB Inspections Service continues to grow. Alongside our dedicated administrative team, we employ full-time FMB inspectors, work with self-employed inspection professionals and maintain our successful partnership with Rushworth Inspection Services Ltd (RISA). Together, they provide coverage across almost the entire UK, including Northern Ireland. Inspections go beyond compliance. As well as ensuring members continue to meet Master Builder

The FMB’s CTSI-certified Dispute Resolution Service continues to support members and consumers when disagreements arise during construction projects. Through impartial, informal mediation, it helps parties find practical solutions without costly escalation. During the year, the average value of projects referred to the service was £151,000, ranging from jobs worth less than £2,000 to projects approaching £1 million. The Membership Services team remains committed to maintaining the standards that define the FMB brand while ensuring members have the practical support, advice and services they need to succeed.

Advice lines, Document Library and e-learning

Members have unlimited access to expert guidance on a wide range of business matters, including taxation, employment and HR, legal queries and commercial challenges. These services remain heavily used and consistently achieve high levels of member satisfaction. Our professional debt recovery and payment-chasing service has also become increasingly important as businesses face ongoing cash flow pressures.

During the year, the Inspections Team has:

• E xpanded coverage by recruiting a Northern Ireland-based inspector. • S treamlined bookings through greater automation and clearer communications. • Increased on-site inspections, reducing virtual inspections to a minimum. • R ecommended 76 members for entry into the next FMB Awards. • G enerated 444 Building Work Guarantee referrals to FMB Insurance.

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Marketing and Sales: Building for sustainable growth This year has been one of transformation for our Sales and Marketing function, with a clear focus on building the foundations for sustainable growth. We launched our new Integrated Sales and Marketing Strategy, bringing our member recruitment activity together under a single vision and creating a more targeted, customer-focused approach to generating demand and supporting long-term success.

A key milestone was bringing our Sales and Marketing teams together as one collaborative function. By adopting a 'one team' approach, we have strengthened alignment across the customer journey, improved communication and created shared accountability for delivering our objectives. We also introduced new structures and ways of working that have increased agility, improved collaboration and created a stronger platform for future growth. We have continued to build expertise across the team, ensuring colleagues have the skills and confidence to embrace new technologies, respond to changing customer needs and deliver innovative campaigns. At the same time, we are fostering a culture that encourages openness, creativity and innovation, with a strong focus on achieving measurable outcomes.

Our strategy is underpinned by a targeted and segmented approach, enabling us to tailor campaigns and communications to specific audiences. Customer insight and data are now central to our decision-making, helping us prioritise activity, optimise performance and maximise return on investment. We have also transformed our sales process by introducing new technology and modernising our prospect communications. Using Dotdigital has significantly enhanced our marketing capability, allowing us to create engaging, automated nurture journeys that guide prospects through the customer journey and convert leads into enquiries more effectively.

Our marketing has become increasingly campaign-led, making greater use of new channels, creative messaging and targeted content to build awareness and generate enquiries. Our members remain at the heart of our storytelling, with authentic voices and real experiences shaping how we engage with prospective customers. These initiatives have delivered encouraging results. Our prospect database has doubled in size, significantly increasing our future pipeline and creating more opportunities for targeted engagement. We also launched our Build Up podcast series, which

has achieved more than 100,000 views and downloads, helping to extend our reach, strengthen brand awareness and create valuable new touchpoints with our audiences. Despite a challenging first half of 2026, the integrated strategy is building positive momentum. We continue to test, learn and refine our approach, adapting quickly to changing market conditions while staying focused on the fundamentals that support sustainable growth. With stronger foundations, enhanced capability and an increasingly data-led approach, we are well positioned to build on this progress in the years ahead.

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Digital connections: Extending our reach and member value

Content that builds trust and drives action

Find a Builder generated around 160,000 searches for FMB members, continuing to connect homeowners with trusted local building firms. Our consumer content was viewed more than a quarter of a million times, helping people make informed decisions about their projects and guiding them towards Find a Builder. Search is evolving rapidly, with AI-assisted tools increasingly providing answers without people visiting individual websites. We have responded by concentrating on useful, authoritative content that demonstrates the FMB’s expertise and can be referenced by both traditional and emerging search platforms.

Our monitoring found that we appeared in around seven in ten AI-generated responses across our priority searches. This helps establish the FMB as a trusted source of building advice and keeps our members visible as homeowners adopt new ways of researching their projects.

Over the past 12 months, we have focused on making our digital channels work harder - helping homeowners find trusted builders and giving members more ways to access support and connect with us.

Our website remains central to how we reach homeowners, support members and deliver key services. It attracted around 800,000 sessions during the year, remaining broadly stable despite significant changes in how people search for information online.

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Supporting members through the FMB app and community

Extending our voice through social media

The FMB app is becoming an established part of the member experience, generating more than 250,000 screen views over 12 months. Around 1,000 members used it each month and more than four in ten monthly users returned every week. Find a Builder profile activity and job leads accounted for around a quarter of app use. We also extended the FMB Community from the app to the website, making it easier for members to ask questions, share experiences and learn from one another.

Our social media channels helped extend the reach of FMB campaigns, member stories, practical guidance and media coverage. Audience growth and engagement strengthened across Facebook, Instagram and LinkedIn, with video, member projects and builder-led advice performing particularly well. Closer coordination between social media, campaigns and public relations helped important moments travel further. Our Licence to Build campaign generated strong engagement and continues to introduce the FMB’s message to new audiences. We will continue improving how members and homeowners find relevant information, while creating useful, authentic content that builds homeowner confidence and celebrates the quality of FMB members.

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Influencing work

Engaging across the UK

Guide to being a housebuilder

demonstrate the scale of the issue to government and generated significant media interest.

Campaign focus

We first published Becoming a small developer: Advice and guidance from those in the industry in 2022. The guide was the first of its kind, designed as a practical, 'live' resource to help people move to becoming a developer. We refreshed it in 2025 to reflect changes in the regulatory landscape and keep the advice current.

Over the past year, we have taken a more integrated approach to policy engagement, with events across the parliaments in Wales, Scotland and Northern Ireland. In Wales and Scotland, we launched manifestos ahead of elections, bringing our members' priorities directly to the Senedd and Holyrood. Our event at Stormont in Northern Ireland focused on the Licence to Build campaign. Following the success of these events, we plan to repeat them next year.

Over the past year, we have focused heavily on our ambition to achieve a Licence to Build. What began as a policy objective has developed into a multi- channel campaign, supported by dedicated resources for builders and homeowners. We launched refreshed research in the Houses of Parliament, as covered in last year's Annual Report, and the campaign has continued to build momentum. Licensing for builders now looks increasingly likely to be introduced in one form or another, and our priority is to ensure the FMB remains central to any plans developed by the UK Government.

Ongoing campaign

We refreshed the campaign with new branding and resources, including a public-facing web page showing estimated losses to rogue builders by constituency. Visitors can use the page to contact their local MP in just a few clicks. The campaign has also helped raise wider awareness of the FMB among consumers and will continue to be a major focus.

Getting our voice out there

Our media profile has continued to grow, with appearances on programmes with large audiences including BBC Breakfast and Morning Live, as well as regular coverage in major print, online and trade media. This year also saw a new series of Build Up: From the Basement , our podcast recorded at FMB head office basement rooms and focused on conversations with politicians. Guests included Sir James Cleverly MP, Shadow Housing Secretary; Steve Rotheram, Mayor of the Liverpool City Region (and key ally of Prime Minister Andy Burnham MP); and former Housing Minister Baroness Maclean.

Revamped data

State of Trade Survey

Research

This year, we strengthened our State of Trade Survey through a new collaboration with the Chartered Institute of Building (CIOB). This has enabled us to reach a wider group of builders and gather richer data. The survey continues to provide valuable insight into the experiences of small building firms - a part of the market that is often poorly understood by government.

Alongside our updated research, Licence to Build: A model for licensing domestic building companies , we commissioned market research to understand the impact of rogue builders on homeowners and reputable businesses. A key finding - that rogue builders have cost consumers an estimated £14.3 billion over five years - has helped

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Commercial and properties

This year, we continued to implement our 2025-2027

Despite a challenging economic climate, commercial performance has remained strong. Associate income increased by 31% year to date, sponsorship income for the National Conference rose by 67% compared with 2024, and agreements worth £47,500 have already been secured for the 2027 Master Builder Awards. FMB Properties continued to deliver strong occupancy levels, stable income and long-term value through proactive management of our commercial property portfolio. Despite wider economic pressures, the portfolio performed strongly, with tenant income increasing by 24% and occupancy levels averaging between 93% and 96%. Alongside ongoing retrofit work and property improvements, we maintained a focus on tenant retention and long-term relationships. Our London meeting rooms also continued to perform well, with income increasing by 10%, providing an additional revenue stream while offering high-quality facilities.

Commercial Strategy, focusing on growing commercial income, strengthening our proposition and increasing commercial relationships value. We brought all commercial sales activity in-house, supported by a dedicated consultant to grow both the Associate programme and wider commercial opportunities. Our Commercial Partner programme continues to strengthen. We now have 12 partners, including Citation and MKM Building Supplies, and welcomed five new partners. These agreements will generate more than £130,000 in income over the next two years and further strengthen our links with leading brands across the construction sector. The Associate programme has also expanded, with 51 businesses now promoting their products and services to our members through our Standard and Accelerator packages. To enhance value, we introduced an upgraded Accelerator package, which includes magazine advertising, attendance at a flagship event and member newsletter exposure.

Master Builder Awards The Master Builder Awards are the pinnacle of our events calendar, celebrating the exceptional work of FMB members across the UK. In 2025, the awards attracted 771 nominations across 12 categories, culminating in a national ceremony at Manchester's iconic Kimpton Clocktower Hotel on 26 September,

to showcase the outstanding achievements of FMB members to audiences across the industry. The event continues to be recognised as one of the construction sector's most prestigious accolades. As one attendee commented, “The Master Builder Awards were amazing and we highly recommend submissions from members. The whole event was brilliantly organised and most importantly it is a prestigious award acknowledged by the industry.” The Master Builder Awards are more than an awards ceremony. They are an opportunity to celebrate the talent, dedication and professionalism of FMB members and champion the very best of the construction industry.

hosted by TV personality Nick Knowles. With more than 450

guests at the national final and over 1,200 attendees across the regional and Home Nation ceremonies , the awards programme was a fantastic showcase of building excellence and craftsmanship. The awards generated significant engagement throughout the year, with 32,411 page views across the awards website, 223,232 social media impressions and 52 pieces of media coverage, including appearances on ITV News and BBC Radio. Awards stories were also featured in eight editions of Master Builder magazine , helping

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FMB events

The programme has included a wide range of events across the UK, including: • AGMs • National Master Builder Awards • R egional and Home Nation Master Builder Awards • Exhibitions • Webinars • Hard Hat Hangouts • M ember networking events and dinners • P arliamentary receptions in Westminster, Holyrood, Stormont and the Senedd • Masterclasses These events have played a crucial role in supporting our members, providing valuable opportunities for engagement and helping to strengthen our position within the construction industry.

We host a wide range of events across the UK, providing opportunities for networking, learning and industry engagement. Our events bring members together to share knowledge, celebrate success and strengthen connections across the construction sector, while helping to raise the profile of both the FMB and our members. During the year, we delivered a busy programme that attracted more than 2,000 registrations and over 550 on-demand views , demonstrating strong engagement across both in- person and online events.

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FMB Insurance The past year has been challenging across the insurance market, with falling renewal premiums reducing gross written premium (GWP) across all insurance brokers. FMB Insurance has also been affected, but strong retention, improved competitiveness for new business and a revised fee structure have helped mitigate the impact.

Retention

Building Work Guarantee

The year in stats

• £2m Gross Premium • Over 1,200 Commercial policies • Over 600 projects covered by BWG

Retention has remained above 80% every month since June 2025, which is above the current market average and demonstrates continued customer confidence. We have built strong relationships with clients by maintaining high service standards: • Renewal invitations – issued within 21 days, or 30 days where possible • Telephone calls – answered promptly or returned the same business day • Mid-term adjustments (MTAs) – completed within 24-48 hours • Policy documents – sent within five days, and often on the same day

Over the year, demand for the Building Work Guarantee has increasingly been driven by higher- value projects, particularly where work is linked to council or grant- funded schemes. Inspection activity has also increased, reflecting the higher values involved and the need for additional oversight. At the same time, fewer non- member clients are requesting guarantees, which appears to reflect greater membership awareness of the product and the lower rates available to FMB members. We have also seen a notable increase in TrustMark members requesting guarantees, reinforcing demand from clients undertaking regulated or funded work.

New business growth

New business has delivered the strongest improvement, supported by an insurer arrangement that allows FMB Insurance to offer highly competitive terms where a risk meets the insurer's criteria. This has strengthened our market position over the past 12 months and is reflected in positive customer reviews on both price and service.

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FMB across the UK

South

London

Central

In the South, member engagement remained strong. Both Area Boards welcomed new members after competitive elections, bringing fresh insight into our policy work, events and campaigns. The South Master Builder Awards attracted record entries, celebrating the quality and professionalism of FMB members across the region. Our South Director continued to represent members at a senior level across the industry. This included chairing the City & Guilds Construction Industry Employer Board, attending the Builders Merchants Federation regional conference, judging the Construction News Awards and speaking on a range of platforms about the industry's challenges and opportunities. A new collaboration with the Construction Technical Excellence College (CTEC) that’s been formed will further help shape training for the next generation. Members also shared their expertise with homeowners at major consumer events in Shepton Mallet and Farnborough.

FMB London’s first Build Academy cohort completed the programme, with 20 learners graduating and nine moving into full-time employment. This is our collaborative initiative with CITB and Shooters Hill Sixth Form College. It was a clear example of how targeted training can open up opportunities and help tackle skills gaps. The programme is now expanding through a social enterprise model, with a new intake planned and ambitions to reach more learners across London. We strengthened our relationship with the Greater London Authority, making sure SME builders are part of conversations on skills, social value and workforce development. Campaigning remained a priority. We hosted victims of rogue traders at Portcullis House to support our call for licensing, and members represented us at major consumer and industry shows.

This has been a year of listening to members and finding better ways to support them. One highlight was the launch of Women in FMB - the new network which started with a networking lunch, gives women running building businesses a space to share experiences, build contacts and support each other. What began as a regional initiative is now developing into a national network. We also helped members access practical skills support through short, member-led training videos

built around the questions builders ask most. The Master Builder Awards continued to grow too, with more entries and a stronger shortlisting process to help members gain recognition for their work. Our ‘Bricks & Giggles’ team rounded off the year by winning the Big Construction Diversity Challenge, showing our commitment to a more welcoming and inclusive industry while raising funds for the CRASH charity.

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North

Northern Ireland

This year we focused on strengthening engagement, raising our profile and creating new opportunities for members across the North of England. We brought members together through business-focused networking with expert speakers from Sir Robert McAlpine, the Passivhaus Trust and VELUX. The North continues to enjoy a strong reputation as a trusted voice within the media. Our Director and members featured regularly across national television, newspapers and radio, including appearances

on Channel 4, The Telegraph and the Daily Mail. Members have also continued to support the FMB podcast series. Members supported Homebuilding and Renovating Shows, CTEC careers activity and the Big Construction Diversity Challenge. We engaged with Construction Alliance North, York Construction Skills Partnership, local retrofit programmes, colleges and the Lighthouse Charity, helping to raise standards and promote the value of SME builders.

Northern Ireland had a positive year, with members at the heart of our work. At the Annual General Meeting (AGM), we welcomed two new Board members and maintained a full 14-member Board. Our Licence to Build reception at Stormont brought members, policymakers and industry leaders together to promote higher standards, protect consumers and tackle rogue traders.

We continued to speak up for SME builders on defective building legislation, contracts, housing, retrofit and wider construction issues, including providing evidence to Stormont committees. By ensuring the voices of SME builders were heard within government and across the industry, we have continued to advocate for the policies and investment needed to unlock future growth and development across Northern Ireland.

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Wales

In Wales, FMB Cymru combined strong policy work with a major industry success, as R&M Williams became the first Welsh company to win the overall UK Master Builder

for Skills to a member site and responded to consultations on apprenticeship reform. We made housing a priority in the Welsh Government’s Housing Implementation Group and inputted into building safety reform that’s included in the introduction of the Building Safety (Wales) Act 2026. Our media work across Wales helped keep SME builders visible and heard across Welsh media, including appearances on BBC Cymru/Wales, ITV Wales, S4C and WalesOnline.

Awards for the restoration of Swansea’s Palace Theatre.

Ahead of the 2026 Senedd election, we launched our election manifesto at a Cardiff Bay reception and strengthened our engagement with Senedd Members and industry partners.

During National Apprenticeship Week, we welcomed the Minister

Scotland

Scotland saw strong member engagement, growing political influence and continued support for SME builders throughout the year. The Scotland Master Builder Awards in Edinburgh welcomed its largest audience yet. We also strengthened engagement through Scottish Builders’ Breakfasts in Edinburgh, Alloa and Kilmarnock, a VELUX showroom in Glenrothes visit and a networking seminar with RIAS. Working alongside the Royal Incorporation of Architects in Scotland (RIAS), we delivered a successful networking seminar that helped strengthen relationships between builders and architects.

Political engagement increased ahead of the Scottish Parliamentary elections, including our first reception at the Scottish Parliament to discuss the Scotland Builders’

Manifesto and continued conversations with MSPs.

The Scotland Director continues to contribute to several influential industry groups, including the Scottish Government's Building Standards Futures Board. We also played a role in Scotland's inaugural Construction Summit, while members helped raise the profile of the FMB through appearances on BBC Reporting Scotland and in The Scottish Sun.

Federation of Master Builders Annual Report 2026

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Going forward As this report demonstrates, the past year has tested our industry in many ways. Yet it has also reinforced something we have always known: the resilience, professionalism and determination of our members remain the foundation of the FMB’s strength.

disappear overnight. Economic uncertainty, the need to build more homes, the drive towards creating energy-efficient buildings and the ongoing skills shortage all demand long-term thinking and practical solutions. They also present an opportunity to demonstrate the value of high-quality, trusted building firms in shaping the future of our built environment.

The challenges facing the construction sector will not

We will continue to champion our members' interests at every level. We will work constructively with government, industry partners and stakeholders to influence policy, raise standards and ensure that small and medium-sized builders have the support they need to succeed. At the same time, we will continue to invest in the services, expertise and guidance that help our members build stronger businesses.

Our greatest strength has always been our members. Their commitment to quality, integrity and craftsmanship defines our reputation and inspires our ambition. As we look to the future, we do so with confidence, determined to remain a trusted voice for the industry and a steadfast partner to every member. Together, we will continue to build not only better homes and buildings, but a stronger, more resilient future for construction.

Federation of Master Builders Annual Report 2025

Federation of Master Builders Annual Report 2026 Federation of Master Builders Annual Report 2025

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Financial Statements

Federation of Master Builders Limited (A company limited by guarantee) Registered Number: 00368163

Consolidated Balance Sheet For the year ended 31 December 2025

Federation of Master Builders Limited (A company limited by guarantee)

Consolidated Statement of Comprehensive Income For the year ended 31 December 2025

2025 £

2024 £

Note

Fixed Assets Intangible Assets

203,242

295,859

2025 (£)

2024 (£)

Note

3,490,692

Tangible Assets

3,348,537

6,060,389

Turnover

5,399,332

Investments

(490,386)

Cost of Sales

(485,087)

2,139,000

Investment Property

2,139,000

Gross profit

5,570,003

4,914,245

5,832,934

5,783,396

Current Assets Debtors: amounts falling due within one year

(6,364,923)

Administrative expenses

(5,477,279)

691,238

644,955

Other operating income

Operating Loss

(794,920)

(563,034)

961,288

Cash at bank and in hand

1,578,398

1,652,525

2,223,352

363,144

Income received from fixed assets investments

308,075

49,399

Interest receivable and similar income

40,618

Creditors: amounts falling due within one year

19 (1,000,240)

(1,139,150)

Realised gain on the sale of investment property

Net current (liabilities)/assets

652,285

1,084,203

(Loss)/ profit before taxation

(382,377)

(214,341)

Total assets less current liabilities

6,485,219

6,867,599

Tax on (loss)/ profit

Provisions for liabilities Deferred taxation

(Loss)/ profit for the financial year

(382,377)

(214,341)

(477,639)

Property revaluation and Release of unrealised gains on disposal of property Deferred tax movement on disposal of property / revaluation of property

Net assets

6,007,580

6,389,960

Capital and reserves Revaluation reserve

Other comprehensive income for the year

502,256

Total comprehensive income for the year

5,505,324

Profit and loss account

5,887,704

6,007,580

6,389,960

(Loss)/ profit for the year attributable to: Owners of the parent company

(382,377)

(214,341)

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: Phillip Hall , Director – 23rd July 2026.

The notes on pages 19 to 49 form part of these financial statements.

Federation of Master Builders Annual Report 2026

Founded in 1941, the Federation of Master Builders (FMB) is the UK's largest trade association for the construction industry, representing the interests of micro, small and medium-sized building companies. We are independent and non-profit- making, lobbying for members' interests at both national and local levels. We are a source of knowledge, professional advice and support for our members, providing a range of modern, relevant business services to help them succeed.

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