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REGISTERED NUMBER: 02257018 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 May 2025 |

| for |

| Nova Design And Management Limited |

| Nova Design And Management Limited (Registered number: 02257018) |

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 8 |

| Nova Design And Management Limited |

Company Information

for the Year Ended 31 May 2025

| DIRECTORS: | N J Parry

| D J Parry

| Mrs C Parry

| SECRETARY: | Mrs C Parry

| REGISTERED OFFICE: | Watt House Innovation Centre

| Pensnett Trading Estate

| Kingswinford

| DY6 7YD

| REGISTERED NUMBER: | 02257018 (England and Wales)

| ACCOUNTANTS: | Tomkinson Teal (Lichfield) LLP

| Hanover Court

| 5 Queen Street

| Lichfield

| Staffordshire

| WS13 6QD

| Nova Design And Management Limited (Registered number: 02257018) |

Balance Sheet

31 May 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 34,933 |  | 33,596 |  |

Investments | 5 | 100 |  | 100 |  |

35,033 |  | 33,696 |  |

CURRENT ASSETS

Debtors | 6 | 25,700 |  | 15,421 |  |

Cash at bank and in hand | 1,605,994 |  | 1,573,443 |  |

1,631,694 |  | 1,588,864 |  |

CREDITORS

Amounts falling due within one year | 7 | (850,532 | ) | (746,519 | ) |

NET CURRENT ASSETS | 781,162 |  | 842,345 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 816,195 |  | 876,041 |  |

PROVISIONS FOR LIABILITIES | 8 | (4,227 | ) | (2,685 | ) |

NET ASSETS | 811,968 |  | 873,356 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 20,000 |  | 20,000 |  |

Capital redemption reserve | 5,000 |  | 5,000 |  |

Retained earnings | 786,968 |  | 848,356 |  |

SHAREHOLDERS' FUNDS | 811,968 |  | 873,356 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| Nova Design And Management Limited (Registered number: 02257018) |

Balance Sheet - continued

31 May 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

D J Parry - Director

| Nova Design And Management Limited (Registered number: 02257018) |

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| Nova Design And Management Limited is a private 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| There are no material departures from the standard.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures, fittings and equipment | - | 25% on cost

| Motor vehicles | - | 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 year 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.

| Pension costs and other post-retirement benefits

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

| Nova Design And Management Limited (Registered number: 02257018) |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures, |

| fittings |

| and |  | Motor |

| equipment |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024 | 142,786 |  | 15,475 |  | 158,261 |  |

| Additions | 18,907 |  | - |  | 18,907 |  |

| Disposals | - |  | (7,000 | ) | (7,000 | ) |

| At 31 May 2025 | 161,693 |  | 8,475 |  | 170,168 |  |

| DEPRECIATION

| At 1 June 2024 | 113,876 |  | 10,789 |  | 124,665 |  |

| Charge for year | 15,118 |  | 745 |  | 15,863 |  |

| Eliminated on disposal | - |  | (5,293 | ) | (5,293 | ) |

| At 31 May 2025 | 128,994 |  | 6,241 |  | 135,235 |  |

| NET BOOK VALUE

| At 31 May 2025 | 32,699 |  | 2,234 |  | 34,933 |  |

| At 31 May 2024 | 28,910 |  | 4,686 |  | 33,596 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 100 |  |

| NET BOOK VALUE

| At 31 May 2025 | 100 |  |

| At 31 May 2024 | 100 |  |

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

| Nova Design Limited

| Registered office: Watt House Innovation Centre, Pensnett Trading Estate, Kingswinford DY6 7YD

| Nature of business: Providing mechanical design services

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 1,308,314 |  | 1,179,655 |  |

| Profit for the year | 128,659 |  | 76,147 |  |

| Nova Design And Management Limited (Registered number: 02257018) |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 25,700 |  | 15,421 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 10,404 |  | 3,137 |  |

| Amounts owed to group undertakings | 797,549 |  | 717,713 |  |

| Taxation and social security | 39,229 |  | 22,319 |  |

| Other creditors | 3,350 |  | 3,350 |  |

850,532 |  | 746,519 |  |

8. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 4,227 |  | 2,685 |  |

| Deferred |

| tax |

£ |

| Balance at 1 June 2024 | 2,685 |  |

| Charge to Profit and Loss Account during year | 1,542 |  |

| Balance at 31 May 2025 | 4,227 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 19,970 | Ordinary A | £1 | 19,970 |  | 19,970 |  |

| 10 | Ordinary B | £1 | 10 |  | 10 |  |

| 10 | Ordinary C | £1 | 10 |  | 10 |  |

| 10 | Ordinary D | £1 | 10 |  | 10 |  |

20,000 |  | 20,000 |  |

| The Ordinary A Shares have full voting and capital distribution rights. These shares have dividend rights, but so that all classes of Ordinary Shares shall not rank pari passu for dividend entitlement purposes, the Ordinary A Shares are not redeemable.

| The Ordinary B, C, D and E Shares have full capital distribution rights. These shares have dividend rights subject to the approval of the holders of the Ordinary A Shares, but so that all classes of Ordinary Shares shall not rank pari passu for dividend entitlement purposes, the B,C,D and E Shares do not confer any voting rights and are not redeemable.

10. | CONTINGENT LIABILITIES

| This company has given a surety in respect of a twelve year property lease entered into by its wholly owned subsidiary company, Nova Design Limited on the 29th April 2017. The minimum annual rental is £29,380.

| Nova Design And Management Limited (Registered number: 02257018) |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

11. | RELATED PARTY DISCLOSURES

| Nova Design Limited

| A wholly owned subsidiary

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Management charges receivable |  | 225,000 |  |  | 290,000 |  |

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Amount due to the related party at the balance sheet date |  | 797,549 |  |  | 717,713 |  |

| The amount owed to Nova Design Limited is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the directors have given their assurance that the amount will not be demanded until such time as Nova Design & Management Limited can afford to do so without detriment to its operating and working capital requirements.

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Nova Design And Management Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nova Design And Management Limited for the year ended 31 May 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Nova Design And Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nova Design And Management Limited and state those matters that we have agreed to state to the Board of Directors of Nova Design And Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nova Design And Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Nova Design And Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nova Design And Management Limited. You consider that Nova Design And Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nova Design And Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

18 September 2025