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REGISTERED NUMBER: 02194525 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

PSV Fabrication (U.K.) Limited

| PSV Fabrication (U.K.) Limited (Registered number: 02194525) |

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| PSV Fabrication (U.K.) Limited |

Company Information

for the Year Ended 30 April 2025

| DIRECTORS: | J V Kennedy

| M N Kennedy

| R M Kennedy

| SECRETARY: | J V Kennedy

| REGISTERED OFFICE: | Military House

| 24 Castle Street

| Chester

| CH1 2DS

| REGISTERED NUMBER: | 02194525 (England and Wales)

| ACCOUNTANTS: | DJH Wirral & Chester Limited

| Military House

| 24 Castle Street

| Chester

| Cheshire

| CH1 2DS

| BANKERS: | Lloyds Bank PLC

| 8 Foregate Street

| Chester

| Cheshire

| CH1 1XP

| SOLICITORS: | Knights Solicitors LLP

| 58 Nicholas Street

| Chester

| CH1 2NP

| PSV Fabrication (U.K.) Limited (Registered number: 02194525) |

Balance Sheet

30 April 2025

| 30.4.25 |  | 30.4.24

| Notes | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 1 |  | 1 |  |

Investment property | 5 | 1,939,737 |  | 1,939,737 |  |

1,939,738 |  | 1,939,738 |  |

CURRENT ASSETS

Debtors | 6 | 10,519 |  | 3,455 |  |

Cash at bank | 57,034 |  | 65,873 |  |

67,553 |  | 69,328 |  |

CREDITORS

Amounts falling due within one year | 7 | (93,264 | ) | (77,933 | ) |

NET CURRENT LIABILITIES | (25,711 | ) | (8,605 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,914,027 |  | 1,931,133 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (118,952 | ) | (160,593 | ) |

PROVISIONS FOR LIABILITIES | (106,550 | ) | (106,550 | ) |

NET ASSETS | 1,688,525 |  | 1,663,990 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100,000 |  | 100,000 |  |

Fair value reserve | 11 | 520,214 |  | 520,214 |  |

Retained earnings | 1,068,311 |  | 1,043,776 |  |

SHAREHOLDERS' FUNDS | 1,688,525 |  | 1,663,990 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

| PSV Fabrication (U.K.) Limited (Registered number: 02194525) |

Balance Sheet - continued

30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

J V Kennedy - Director

| PSV Fabrication (U.K.) Limited (Registered number: 02194525) |

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| PSV Fabrication (U.K.) 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.

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 as modified by the revaluation of certain assets.

| The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £1.

| Turnover

| Revenue 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.

| Plant and machinery etc | - | 25% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Taxation

| Taxation for the year is comprised of current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

| PSV Fabrication (U.K.) Limited (Registered number: 02194525) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

4. | PROPERTY, PLANT AND EQUIPMENT

| Plant and

| machinery

| etc

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 49,902 |  |

| DEPRECIATION

| At 1 May 2024

| and 30 April 2025 | 49,901 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1 |  |

| At 30 April 2024 | 1 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 May 2024

| and 30 April 2025 | 1,939,737 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1,939,737 |  |

| At 30 April 2024 | 1,939,737 |  |

| Fair value at 30 April 2025 is represented by:

£ |

| Valuation in 2019 | 626,764 |  |

| Cost | 1,312,973 |  |

1,939,737 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Trade debtors | 10,519 |  | 3,455 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans and overdrafts | 38,000 |  | 32,000 |  |

| Trade creditors | 8,387 |  | 9,369 |  |

| Taxation and social security | 17,181 |  | 8,826 |  |

| Other creditors | 29,696 |  | 27,738 |  |

93,264 |  | 77,933 |  |

| PSV Fabrication (U.K.) Limited (Registered number: 02194525) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans | 118,952 |  | 160,593 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 60,926 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans | 156,952 |  | 192,593 |  |

| The bank loans are secured by a first charge over the freehold property of the company.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.4.25 |  | 30.4.24

| value: | £ | £ |

| 50,000 | Ordinary A | £1 | 50,000 |  | 50,000 |  |

| 50,000 | Ordinary B | £1 | 50,000 |  | 50,000 |  |

100,000 |  | 100,000 |  |

11. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 May 2024

| and 30 April 2025 | 520,214 |  |