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REGISTERED NUMBER: 15402235 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE PERIOD 10 JANUARY 2024 TO 30 JUNE 2025 |

| FOR |

| KGM MARINE HOLDINGS LTD |

| KGM MARINE HOLDINGS LTD (REGISTERED NUMBER: 15402235) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 10 JANUARY 2024 TO 30 JUNE 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 7 |

| KGM MARINE HOLDINGS LTD |

COMPANY INFORMATION

FOR THE PERIOD 10 JANUARY 2024 TO 30 JUNE 2025

| DIRECTORS: | Mr G A Skelton

| Mr L Kew

| REGISTERED OFFICE: | Unit 11 Bottings Ind. Estate

| Hillsons Road

| Curdridge

| Southampton

| Hampshire

| SO30 2DY

| REGISTERED NUMBER: | 15402235 (England and Wales)

| ACCOUNTANTS: | Rothmans LLP

| Chartered Accountants

| Chilworth Point

| 1 Chilworth Road

| Southampton

| SO16 7JQ

| KGM MARINE HOLDINGS LTD (REGISTERED NUMBER: 15402235) |

BALANCE SHEET

30 JUNE 2025

| Notes | £ | £ |

| FIXED ASSETS

| Tangible assets | 4 | 1,278,622 |  |

| Investments | 5 | 99 |  |

1,278,721 |  |

| CURRENT ASSETS

| Debtors | 6 | 200 |  |  |

| Cash at bank | 39,989 |  |  |

40,189 |  |

| CREDITORS

| Amounts falling due within one year | 7 | 229,245 |  |

| NET CURRENT LIABILITIES | (189,056 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,089,665 |  |

| CREDITORS

| Amounts falling due after more than one year | 8 | (742,780 | ) |

| PROVISIONS FOR LIABILITIES | (47,927 | ) |

| NET ASSETS | 298,958 |  |

| CAPITAL AND RESERVES

| Called up share capital | 200 |  |

| Revaluation reserve | 143,783 |  |

| Retained earnings | 154,975 |  |

298,958 |  |

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

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

| KGM MARINE HOLDINGS LTD (REGISTERED NUMBER: 15402235) |

BALANCE SHEET - continued

30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

Mr G A Skelton - Director

Mr L Kew - Director

| KGM MARINE HOLDINGS LTD (REGISTERED NUMBER: 15402235) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 10 JANUARY 2024 TO 30 JUNE 2025

1. | STATUTORY INFORMATION

| KGM Marine Holdings Ltd 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.

| INCOME

| Rental income from freehold investment properties is recognised on an accruals basis in accordance with the terms of the lease agreements. Income is recognised when it is probable that economic benefits will flow to the company and the amount can be measured reliably. Where properties are let to group companies, rental income is recognised in line with the lease terms, regardless of group affiliation.

| Dividend income from investments in group undertakings is recognised when the right to receive payment is established. This is typically when the dividend is declared by the subsidiary and approved by its board or shareholders, depending on the governing documents.

| 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 |  | - 25% on reducing balance |  |

| Motor vehicles |  | - 25% on reducing balance |  |

| Computer equipment |  | - 25% on reducing balance |  |

| The assets' residual values, useful lives and depreciation methods are reviewed and if appropriate are adjusted if there is an indication of a significant change since the last reporting date.Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

| Historical cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| FREEHOLD PROPERTY

| Freehold Property is stated at initial cost and then revalued at the year end to it's market value, which is estimated by the directors using their own research and professional valuations when deemed necessary.

| INVESTMENTS IN SUBSIDIARIES

| Investments in subsidiary undertakings are recognised at cost.

| TAXATION

| Taxation for the period 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.

| SHORT-TERM DEBTORS AND CREDITORS

| Debtors and creditors receivable and payable within one year or upon demand are recorded at transaction price whether or not a rate of interest is charged on the balance.

| KGM MARINE HOLDINGS LTD (REGISTERED NUMBER: 15402235) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 10 JANUARY 2024 TO 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| NON-CURRENT LIABILITIES

| Loans are classified as non-current liabilities where repayment is due more than 12 months after the reporting date. These loans are initially recognised at fair value, net of any directly attributable transaction costs. Subsequently, they are measured at amortised cost using the effective interest method.

| Interest expense is recognised on an accruals basis in the income statement. Any portion of the loan due within 12 months is reclassified to current liabilities. The company monitors compliance with loan covenants and discloses any breaches or refinancing arrangements where applicable.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was NIL.

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| Additions | 1,008,290 |  | 79,547 |  | 77,990 |  | 6,212 |  | 1,172,039 |  |

| Disposals | - |  | (3,630 | ) | (44,708 | ) | (637 | ) | (48,975 | ) |

| Revaluations | 191,710 |  | - |  | - |  | - |  | 191,710 |  |

| At 30 June 2025 | 1,200,000 |  | 75,917 |  | 33,282 |  | 5,575 |  | 1,314,774 |  |

| DEPRECIATION

| Charge for period | - |  | 25,032 |  | 22,061 |  | 1,683 |  | 48,776 |  |

| Eliminated on disposal | - |  | (977 | ) | (11,407 | ) | (240 | ) | (12,624 | ) |

| At 30 June 2025 | - |  | 24,055 |  | 10,654 |  | 1,443 |  | 36,152 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,200,000 |  | 51,862 |  | 22,628 |  | 4,132 |  | 1,278,622 |  |

| Cost or valuation at 30 June 2025 is represented by:

| Freehold |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2025 | 191,710 |  | - |  | - |  | - |  | 191,710 |  |

| Cost | 1,008,290 |  | 75,917 |  | 33,282 |  | 5,575 |  | 1,123,064 |  |

1,200,000 |  | 75,917 |  | 33,282 |  | 5,575 |  | 1,314,774 |  |

| Freehold property was valued on an open market basis on 31 January 2025 by Symonds & Sampson .

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 10 January 2024

| and 30 June 2025 | 99 |  |

| NET BOOK VALUE

| At 30 June 2025 | 99 |  |

| At 9 January 2024 | 99 |  |

| KGM MARINE HOLDINGS LTD (REGISTERED NUMBER: 15402235) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 10 JANUARY 2024 TO 30 JUNE 2025

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

£ |

| Other debtors | 200 |  |

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

£ |

| Bank loans and overdrafts | 34,742 |  |

| Amounts owed to group undertakings | 192,886 |  |

| Other creditors | 98 |  |

| Accrued expenses | 1,519 |  |

229,245 |  |

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

£ |

| Bank loans - 1-2 years | 37,224 |  |

| Bank loans - 2-5 years | 128,398 |  |

| Bank loans more 5 yr by instal | 577,158 |  |

742,780 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 577,158 |  |

9. | SECURED DEBTS

| The bank loans are secured by a fixed and floating charge over the company's assets.

10. | RELATED PARTY DISCLOSURES

| At the period end the company owed an associated company £192,886. This loan is repayable on demand and no interest is being charged on this balance.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

KGM MARINE HOLDINGS LTD

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 KGM Marine Holdings Ltd for the period ended 30 June 2025 which comprise the Income Statement, 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 KGM Marine Holdings Ltd, 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 KGM Marine Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of KGM Marine Holdings Ltd, 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 KGM Marine Holdings Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that KGM Marine Holdings Ltd 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 KGM Marine Holdings Ltd. You consider that KGM Marine Holdings Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of KGM Marine Holdings Ltd. 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.

Rothmans LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

SO16 7JQ

Date: .............................................