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REGISTERED NUMBER: 10534201 (England and Wales)

| Drylock Technologies Limited |

| Financial Statements |

| for the Year Ended 31 December 2024 |

Drylock Technologies Limited (Registered number: 10534201)

Contents of the Financial Statements

for the year ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Drylock Technologies Limited

Company Information

for the year ended 31 December 2024

| DIRECTORS: | Mr B Van Malderen

| Mr J Van Malderen

| REGISTERED OFFICE: | The Annexe

| New Barnes Mill

| Cottonmill Lane

| St Albans

| Hertfordshire

| AL1 2HA

| REGISTERED NUMBER: | 10534201 (England and Wales)

| AUDITORS: | SMH Jolliffe Cork Audit Ltd

| Accountants & Statutory Auditors

| 33 George Street

| Wakefield

| West Yorkshire

| WF1 1LX

Drylock Technologies Limited (Registered number: 10534201)

Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 15,633 |  | 15,315 |  |

CURRENT ASSETS

Debtors | 5 | 380,703 |  | 307,037 |  |

Cash at bank | 497,641 |  | 365,232 |  |

878,344 |  | 672,269 |  |

CREDITORS

Amounts falling due within one year | 6 | 322,797 |  | 300,070 |  |

NET CURRENT ASSETS | 555,547 |  | 372,199 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 571,180 |  | 387,514 |  |

PROVISIONS FOR LIABILITIES | - |  | 1,712 |  |

NET ASSETS | 571,180 |  | 385,802 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 1,000 |  | 1,000 |  |

Retained earnings | 570,180 |  | 384,802 |  |

SHAREHOLDERS' FUNDS | 571,180 |  | 385,802 |  |

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

Mr B Van Malderen - Director

Drylock Technologies Limited (Registered number: 10534201)

Notes to the Financial Statements

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| Drylock Technologies 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 functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

| Turnover

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

| Turnover comprises revenue recognised in respect of intermediary services provided, using a cost + model, to the wider Drylock Technologies group.

| 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 & equipment | - | 33% on cost and 20% on cost

| Fixed assets are initially recorded at cost.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Drylock Technologies Limited (Registered number: 10534201)

Notes to the Financial Statements - continued

for the year ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| Pension costs and other post-retirement benefits

| The company operates an auto-enrolment pension scheme on behalf of its employees and makes defined contributions into the scheme. Contributions payable are charged to the profit and loss account in the period to which they relate.

| Leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2023 - 8 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures,

| fittings

| & equipment

£ |

| COST

| At 1 January 2024 | 38,717 |  |

| Additions | 6,695 |  |

| At 31 December 2024 | 45,412 |  |

| DEPRECIATION

| At 1 January 2024 | 23,402 |  |

| Charge for year | 6,377 |  |

| At 31 December 2024 | 29,779 |  |

| NET BOOK VALUE

| At 31 December 2024 | 15,633 |  |

| At 31 December 2023 | 15,315 |  |

Drylock Technologies Limited (Registered number: 10534201)

Notes to the Financial Statements - continued

for the year ended 31 December 2024

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

2024 | 2023 |

£ | £ |

| Amounts owed by group undertakings | 321,962 |  | 271,870 |  |

| Deferred tax debtor | 4,493 |  | - |  |

| VAT | 17,044 |  | 13,305 |  |

| Prepayments and accrued income | 37,204 |  | 21,862 |  |

380,703 |  | 307,037 |  |

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

2024 | 2023 |

£ | £ |

| Trade creditors | 33,183 |  | 12,977 |  |

| Amounts owed to group undertakings | 250,000 |  | 119,997 |  |

| Tax | 11,270 |  | 86,123 |  |

| Other creditors | 7,741 |  | 6,765 |  |

| Accruals and deferred income | 20,603 |  | 74,208 |  |

322,797 |  | 300,070 |  |

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 | 2023 |

£ | £ |

| Within one year | 52,901 |  | 52,901 |  |

| Between one and five years | 26,042 |  | 78,943 |  |

78,943 |  | 131,844 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 1,000 | Ordinary | £1 | 1,000 |  | 1,000 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Jane Crossley FCA CTA (Senior Statutory Auditor)

| for and on behalf of SMH Jolliffe Cork Audit Ltd

10. | PENSION COMMITMENTS

| The company operates an auto-enrolment pension scheme on behalf of its employees and makes defined contributions into the scheme. The assets of the scheme are held separately from those of the company. At the balance sheet date, unpaid contributions of £4,280 (2023 - £2,801) were due to the fund. They are included in other creditors.

Drylock Technologies Limited (Registered number: 10534201)

Notes to the Financial Statements - continued

for the year ended 31 December 2024

11. | RELATED PARTY DISCLOSURES

| 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.

12. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

| In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr B Van Malderen.

| The company is a wholly owned subsidiary of Drylock Technologies NV, a company incorporated in Belgium. The registered office and principal place of business of the parent company is Spinnerijstraat 12, 9240 Zele, Belgium.

| The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is Drylock Technologies NV.