ContourGlobal Solutions (Northern Ireland) Limited

	Page
Company Information	1
Directors' Report	2
Independent Auditor's Report	3—4
Profit and Loss Account	5
Balance Sheet	6
Notes to the Financial Statements	7—9

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Company No. NI067559

Directors' Report For The Year Ended 31 December 2024

Directors' Report

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors

The directors who held office during the year were as follows:

Mr Quinto Di Ferdinando	Resigned	10/02/2025
Mr Laurent Hullo
Mr Jorel Robert Reid
Mr Maarten Himpe	Appointed	10/02/2025

Post Balance Sheet Events

As disclosed in the accounting policies note at Note 2.1, the company's contract with its only customer expired on 30 April 2025. Under the terms of this agreement, the plant used to service this customer was transferred to them for nil consideration. The remaining unit will be sold or transferred to other group companies. The company does not intend to continue to trade going forward and therefore the Directors have concluded that the company shall cease trading on 30 April 2025. The going concern basis is not appropriate and the directors have therefore not prepared the financial statements on that basis.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. As explained in Note 2.1 to the financial statements, the directors do not consider the going concern basis to be appropriate and these financial statements have therefore not been prepared on that basis.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Mr Jorel Robert Reid

Director

29 September 2025

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Independent Auditor's Report

to the Members of

ContourGlobal Solutions (Northern Ireland) Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of ContourGlobal Solutions (Northern Ireland) Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 - Section 1A for Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to smaller entities; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 12 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

Financial Statements Prepared on a Basis Other Than Going Concern

We draw your attention to Note 2.1 to the financial statements which explains that the company is ceasing trade and therefore the directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2.1. Our opinion is not modified in respect of this matter.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

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Independent Auditor's Report (continued)

to the Members of

ContourGlobal Solutions (Northern Ireland) Limited

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Having considered the nature of the business and the sector in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to breaches of health and safety laws and environmental regulations. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that do not have a direct impact on the preparation of the financial statements but compliance with which may be fundamental to the Company's ability to operate such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls). Audit procedures performed included:

- Assessment of compliance with key laws and regulations;

- Enquiry of those charged with governance and the company's solicitors including any known or suspected instances of non-compliance with laws and regulations, potential litigation and fraud;

- Identifying and testing journal entries for appropriateness, evaluating the rationale for significant transactions outside what is normal for the company and assessing whether the judgments made in making accounting estimates are indicative of potential bias, in order to assess the risk of fraud through management override of controls;

- Analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- Challenging assumptions and judgments made by management in significant accounting estimates;

- Reviewing the disclosures in the financial statements against the specific legal requirements.

We communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures outlined above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

John McCleary (Senior Statutory Auditor)

for and on behalf of McCleary & Company Ltd , Statutory Auditor

29 September 2025

McCleary & Company Ltd

Garvey Studios

14 Longstone St.

Lisburn

Co. Antrim

BT28 1TP

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ContourGlobal Solutions (Northern Ireland) Limited

Profit and Loss Account

For The Year Ended 31 December 2024

Profit and Loss Account

		2024	2023
	Notes	£	£
TURNOVER		8,610,123	10,068,981
Cost of sales		(8,406,200 )	(9,093,840 )

GROSS PROFIT		203,923	975,141

Administrative expenses		(2,089,008 )	(1,658,986 )
Other operating income		3,610	437,381

OPERATING LOSS		(1,881,475 )	(246,464 )
Exceptional items		-	8,520,593
Other interest receivable and similar income		33,921	30,874
Interest payable and similar charges		(9 )	(230,499 )

(LOSS)/PROFIT FOR THE FINANCIAL YEAR		(1,847,563 )	8,074,504

The notes on pages 7 to 9 form part of these financial statements.

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ContourGlobal Solutions (Northern Ireland) Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		-		747,735

			-		747,735
CURRENT ASSETS
Stocks	6	250,001		884,524
Debtors	7	1,342,336		3,743,280
Cash at bank and in hand		1,426,099		757,824

		3,018,436		5,385,628
Creditors: Amounts Falling Due Within One Year	8	(2,626,079 )		(3,893,443 )

NET CURRENT ASSETS (LIABILITIES)			392,357		1,492,185

TOTAL ASSETS LESS CURRENT LIABILITIES			392,357		2,239,920

NET ASSETS			392,357		2,239,920

CAPITAL AND RESERVES
Called up share capital	9		1		1
Capital redemption reserve			7,909,392		7,909,392
Profit and Loss Account			(7,517,036 )		(5,669,473 )

SHAREHOLDERS' FUNDS			392,357		2,239,920

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Jorel Robert Reid

Director

29 September 2025

The notes on pages 7 to 9 form part of these financial statements.

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ContourGlobal Solutions (Northern Ireland) Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

ContourGlobal Solutions (Northern Ireland) Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI067559 . The registered office is C/O A & L Goodbody Northern Ireland, 6th Floor Lesley Tower, 42-46 Fountain Street, Belfast, BT1 5EF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have not been prepared on a going concern basis. On 30 April 2025, the company's contract with its only customer expired. Under the terms of this agreement, the plant used to service this customer was transferred to them for nil consideration. The remaining unit will be sold or transferred to other group companies. The company does not intend to continue to trade going forward and therefore the Directors have concluded that the company shall cease trading, and that the going concern basis of accounting is no longer appropriate.

The financial statements have therefore been prepared on a 'break-up' basis. This basis includes adjustments to reflect the recoverability and classification of asset and liability balances. Assets have been stated at their expected recoverable amounts, and provisions have been made for all expected liabilities and costs arising from the cessation of trading and the subsequent liquidation expected to occur no earlier than 2026.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are initially measured at cost. They are amortised to profit and loss account over their estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	at varying rates on cost
Computer Equipment	at varying rates on cost

2.5. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

3. Average Number of Employees

Average number of employees during the year was: 3 (2023: 6)

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ContourGlobal Solutions (Northern Ireland) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	974

As at 31 December 2024	974

Amortisation
As at 1 January 2024	974

As at 31 December 2024	974

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	24,173,329	20,835	24,194,164

As at 31 December 2024	24,173,329	20,835	24,194,164

Depreciation
As at 1 January 2024	23,428,393	18,036	23,446,429
Provided during the period	438,631	2,131	440,762
Impairment losses	306,305	668	306,973

As at 31 December 2024	24,173,329	20,835	24,194,164

Net Book Value
As at 31 December 2024	-	-	-

As at 1 January 2024	744,936	2,799	747,735

6. Stocks

	2024	2023
	£	£
Stock	250,001	884,524

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	29,339	1,700,875
Other debtors	1,312,997	2,042,405

	1,342,336	3,743,280

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ContourGlobal Solutions (Northern Ireland) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	931,962	1,842,894
Amounts owed to group undertakings	1,123,281	1,591,040
Other creditors	546,945	459,509
Taxation and social security	23,891	-

	2,626,079	3,893,443

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

10. Post Balance Sheet Events

On 30 April 2025, the company's contract with its only customer expired. Under the terms of this agreement, the plant used to service this customer was transferred to them for nil consideration. The remaining unit will be sold or transferred to other group companies. The company does not intend to continue to trade going forward and therefore the Directors have concluded that the company shall cease trading.

11. Related Party Transactions

At the year end ContourGlobal Solutions (Northern Ireland) Limited owed other group companies a total of £1,123,281 (2023 £1,591,040).

12. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.

13. Ultimate Parent Undertaking and Controlling Party

The company's immediate parent undertaking is ContourGlobal Solutions Holdings S.a.r.l. . The ultimate controlling party is KKR & Co Inc , a company incorporated in the USA, who controls 100% of the shares of ContourGlobal Solutions (Northern Ireland) Limited . In so far as the Directors are aware, the smallest and largest groups of the undertakings in which the Company's results are consolidated are headed by KKR & Co Inc.

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