Modern slavery statement

At Loaf we create built-to-last furniture and homeware to make everyday life extra-comfortable. We do this by designing and making products with quality craftsmanship and carefully considered details. And we're making a real effort to do our bit for the planet and the communities we work in. We're not there yet, but we're on an exciting journey to do better.

As part of our commitment to combatting all forms of modern slavery we have produced this Modern Slavery Statement. This statement sets out our zero-tolerance approach to such abuses of human rights and we reserve the right to terminate relationships with any supplier in the event of non-compliance (and a subsequent failure by the supplier in question to address any breaches once identified and notified in respect of the same).

Modern slavery definition

The International Labour Organisation (ILO) defines Modern Slavery as "situations of exploitation that a person cannot refuse or cannot leave because of threats, violence, deception, abuse of power or other forms of coercion". Forms of modern slavery include, but are not limited to, human trafficking, forced labour, bonded labour, slavery, domestic servitude and exploitation.

Here at Loaf, we take a zero-tolerance approach to all forms of modern slavery. We recognise, however, that no industry is entirely free from the risk of modern slavery. That's why we remain committed to continually identifying, assessing, and mitigating the potential for modern slavery within our operations and supply chains.

Following the UK Government's response to the House of Lords' Modern Slavery Act 2015 Committee report (published in December 2024), we understand that further policy development is underway-both to address immediate concerns and to consider longer-term reforms. As these proposals evolve, particularly those aimed at strengthening supply chain transparency and enforcement, Loaf will work to understand, prepare for, and implement the required changes to ensure ongoing compliance and to uphold our commitment to ethical practices.

Modern slavery statement

This statement has been published in accordance with the Modern Slavery Act 2015 (the MSA), pursuant to Section 54(1), Part 6. It sets out the steps planned to be taken by Loaf to prevent modern slavery and human trafficking in our business and supply chains.

Our business

Established in 2008 and based in West London, Really Comfy Beds Limited, trading as Loaf, is a retail business that designs and sells home furniture and furnishings online and in our 11 Shacks (stores). We partner with Wincanton (now part of GXO) to provide warehousing and delivery direct to customers' homes. We also hand deliver some of our customer orders as an extra special touch!

Really Comfy Beds Limited is a private company limited by shares, incorporated in England and Wales under company number 06455834.

Total number of Loaf employees as of October 2025: 230

Loaf's employees are solely based in the United Kingdom.

Our governance structure

Loaf works cross functionally to implement tools and systems to prevent modern slavery and labour exploitation in our own operations and our manufacturing and supply chains. The Product Integrity function (product sustainability, supplier management and quality) reports into the Chief Product Officer (CPO) who sits on the Loaf Senior Leadership Team (SLT). The CPO is kept aware of risks and where necessary reports these to the wider SLT and Board.

Product supply chains

As a reflection of our commitment to supporting local business and artisans, all of our made to order sofas, beds and mattresses are manufactured in the UK. We also work with suppliers across the world to source our innovative and unique stocked products as part of our growing range of homewares.

Loaf values its suppliers and prides itself on having collaborative and long term relationships with all of our makers. Whilst we don't own any factories we make a conscious choice to only collaborate with manufacturers who share and uphold the Loaf values.

Supplier onboarding & monitoring

We recognise that at the on-boarding stage we have considerable leverage with our makers in order to instil our ethical trading requirements ahead of developing a commercial relationship. Our on-boarding process requires Loaf's suppliers to agree to be contractually bound by the terms and conditions in our Commercial Agreement which includes clauses relating to Loaf's ethical policies and standards.

Loaf is committed to improving working standards in our supply chains through the application of international labour standards. Our Code of Conduct has been developed in line with the Ethical Trade Initiative (ETI) Base Code. The ETI Base Code is founded on the conventions of the International Labour Organisation (ILO) and is an internationally recognised code of good labour practice.

All Loaf suppliers are expected to commit to working with us towards our Code of Conduct.

All suppliers to Loaf must adhere to all applicable local and international employment laws, health and safety regulations, human rights laws and international standards.

Our makers must also agree to assist and cooperate with us on any due diligence checks, audits, and inspections that we may undertake to verify their compliance with these commitments.

Ethical auditing

We use third party ethical audits as one tool to gain visibility of the working conditions and worker welfare across our supply chain. We prefer for factories to hold SMETA, BSCI or SA800 audits but will consider other third party audits as long as they embody the principles of the Loaf Code of Conduct.

It is important that our relationships within the supply chain are built on honesty and trust to enable us to work towards continual improvement, so if a supplier does not meet the minimum standards as set out in our requirements, Loaf may work with them to establish an appropriate course of action and timescales for improvement.

As a last resort Loaf may terminate a supplier relationship if any breach of the requirements is considered to be severe or persistent, or if the supplier is either unwilling or unable to make improvements within a reasonable timescale.

Goods and services not for resale (GNFR)

Our GNFR suppliers are required to demonstrate their compliance with the Modern Slavery Act by providing details of its policies on slavery and human trafficking and providing assurances that it does not (and nor does any entity within its supply chain) engage in slavery or human trafficking or any associated activity.

Our largest GNFR supplier is Wincanton. We have partnered with Wincanton since 2014, and they provide warehousing and delivery of most Loaf products. As a strategic partner to Loaf, Wincanton and the wider GXO group remains committed to the highest possible ethical standards and corporate conduct. They have a zero-tolerance approach to modern slavery and human trafficking and require companies across its extended supply chain to understand and meet its expectations on anti-bribery, corruption, legal compliance and ethical conduct.

Policies & training

Loaf is committed to sourcing our products' responsibly whilst upholding and protecting the human rights of all workers in our organisation and supply chains.

We use applicable international codes and standards as part of this process, including:

The Base Code of the Ethical Trading Initiative (ETI)
The UN Guiding Principles on Business and Human Rights
UK Modern Slavery Act 2015
International Labour Organisation (ILO) Core Conventions and Recommendations

Our internal policies

Loaf's internal policies help to ensure that risks associated with modern slavery and human trafficking are minimised across our direct operations, along with related issues such as poor working conditions and discrimination.

Loafer's guide

Our employee handbook includes policies on inclusion, diversity & equality, health and safety, grievance procedures and whistleblowing. The Whistleblowing Policy in particular ensures that all employees know that they can raise concerns without fear of reprisal.

Recruitment

We want our Loafers to be aware of the risks of modern slavery and trafficking, and understand how they, and the business, must be part of the solution. We also recognise the crucial role that our People Team play in preventing modern slavery during the recruitment process. We conduct eligibility-to-work checks for all new employees to safeguard against human trafficking or individuals being forced to work against their will.

All new starters receive a copy of our Modern Slavery Statement in their induction pack.

Employee training

All Loaf employees are required to complete annual online training on modern slavery. This ensures that they have the skills, experience and knowledge to recognise the possible indicators of modern slavery.

Salient modern slavery risks

We have identified that the greatest risk with respect to modern slavery is within our supply chains. In order to perform targeted and effective due diligence on our supply base, we use external indicator tools such as the Global Slavery Index (GSI) and the International Trade Union Confederation (ITUC) global rights index.

Our 'Achievements and Intentions' section of this statement, outlines how we're responding to the key risks that we've identified.

	Typical area of work	Potential prevalence in Loaf supply chains
Contract and agency workers	Contract and agency workers usually perform seasonal work and specialist processes.	Contract and agency workers are prevalent in warehousing and logistics. There's possible risk in our supply chains in known high prevalence countries.
Migrant workers	Migrant workers can be vulnerable to exploitation due to lack of understanding of their employment rights. Migrant workers can be found in all tiers of a supply chain and across all product areas.	Migrant workers may be prevalent in lower paid, manual roles. There's possible risk in our supply chains in known high prevalence countries.
Refugee workers	Refugees and other minority groups are vulnerable to all types of modern slavery. Often refugees can be vulnerable to exploitation due to lack of understanding of their rights and lack of access to legal work. Minority groups can be found in all tiers of a supply chain and across all product areas.	Refugee workers may be prevalent in lower paid, manual roles. There's possible risk in our supply chains in known high prevalence countries.
Workers living in poverty	Being poor can mean being subjected to discrimination on the grounds of poverty. It is both a cause and a product of human rights violations. Those living in poverty are often vulnerable to exploitation because they lack safety, security or support due to their economic situation.	Vulnerable workers may be prevalent in lower paid, manual roles. There's possible risk in our supply chains in known high prevalence countries.
Women workers	Women are particularly vulnerable to labour exploitation. Inequality based on gender can be seen in all tiers of a supply chain and across all product areas. Women are particularly prevalent in homeworking supply chains.	There's potential risk in all tiers, however furniture supply chains worker demographics are generally more skewed towards a higher prevalence of male workers. There's also potential risk in specific categories of products for example handwoven products like rugs and baskets. There's possible risk in our supply chains in known high prevalence countries.
Children and young workers	Children and young workers are vulnerable to all forms of labour exploitation. Whilst they can be found in all tier levels, for all types of products, high prevalence areas are subcontracted processes and homeworking locations.	There is lower risk in our UK supply chains. There's potential risk in homework products such as rugs and baskets. There's possible risk in our supply chains in known high prevalence countries.

Typical area of work

Potential prevalence in Loaf supply chains

Contract and agency workers

Contract and agency workers usually perform seasonal work and specialist processes.

Contract and agency workers are prevalent in warehousing and logistics.

There's possible risk in our supply chains in known high prevalence countries.

Migrant workers

Migrant workers can be vulnerable to exploitation due to lack of understanding of their employment rights.

Migrant workers can be found in all tiers of a supply chain and across all product areas.

Migrant workers may be prevalent in lower paid, manual roles.

There's possible risk in our supply chains in known high prevalence countries.

Refugee workers

Refugees and other minority groups are vulnerable to all types of modern slavery. Often refugees can be vulnerable to exploitation due to lack of understanding of their rights and lack of access to legal work.

Minority groups can be found in all tiers of a supply chain and across all product areas.

Refugee workers may be prevalent in lower paid, manual roles.

There's possible risk in our supply chains in known high prevalence countries.

Workers living in poverty

Being poor can mean being subjected to discrimination on the grounds of poverty. It is both a cause and a product of human rights violations.

Those living in poverty are often vulnerable to exploitation because they lack safety, security or support due to their economic situation.

Vulnerable workers may be prevalent in lower paid, manual roles.

There's possible risk in our supply chains in known high prevalence countries.

Women workers

Women are particularly vulnerable to labour exploitation.

Inequality based on gender can be seen in all tiers of a supply chain and across all product areas.

Women are particularly prevalent in homeworking supply chains.

There's potential risk in all tiers, however furniture supply chains worker demographics are generally more skewed towards a higher prevalence of male workers.

There's also potential risk in specific categories of products for example handwoven products like rugs and baskets.

There's possible risk in our supply chains in known high prevalence countries.

Children and young workers

Children and young workers are vulnerable to all forms of labour exploitation.

Whilst they can be found in all tier levels, for all types of products, high prevalence areas are subcontracted processes and homeworking locations.

There is lower risk in our UK supply chains.

There's potential risk in homework products such as rugs and baskets.

There's possible risk in our supply chains in known high prevalence countries.

Achievements & intentions

Workstreams	Current achievements	2026 Intentions
Transparency	We launched a new ERP system in August, which will help streamline our business processes.	We will continue to develop our new internal systems which will give us an enhanced visibility of our end-to-end supply chain.
Due diligence processes	We continued to complete ethical due diligence assessments of our new and continuity suppliers throughout 2025; achieved through a combination of third-party audits and site visits & assessments. We updated our Commercial Agreements and reissued these to Loaf suppliers.	We will continue to map the lower tiers of our supply chains, focussing on the key raw materials in our products. We will continue to strengthen our audit approach to better identify and understand human rights risks in key sourcing regions. We will continue to identify ways to avoid and mitigate the risk of modern slavery in our supply chains, procurement processes and with our GNFR partners. We will work to understand, prepare for, and implement the required changes to ensure ongoing compliance in light of the UK Government's response to the House of Lords' Modern Slavery Act 2015 Committee report.
Protecting vulnerable workers in our supply chains	We have continued to work with experienced on the ground partners/agents in our key sourcing regions - who continually assess and monitor working conditions in our offshore supply chains.	We will continue to strengthen the expertise and knowledge within our product and operations teams to help them identify labour exploitation in our highest-risk areas. We will continue to work with our suppliers to understand potential improvements which will support and improve human rights standards for the workers within our global supply chains. We will continue to monitor global issues that may affect our supply chains, as these can increase the risk of modern slavery.
Resources	We have continued to formalise tools and mechanisms to assess human rights standards and ethical compliance in our supply chains. We have refreshed our online compliance training with a new platform that allows us to tailor courses to specific individuals, roles, and departments. All Loaf employees will have completed mandatory training on modern slavery by the end of 2025, this focuses on how to spot the signs of modern slavery and how to report it.	We will continue with the development and implementation of our ESG strategy in 2026.

Board approval

This statement was approved by Loaf's Board of Directors and will be reviewed and updated annually where appropriate.