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REGISTERED NUMBER: 11201909 (England and Wales)

AWE ALUMINIUM LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

| AWE ALUMINIUM LTD (REGISTERED NUMBER: 11201909) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 8 |

| AWE ALUMINIUM LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | Mrs H K Evans

| W Evans

| A Williams

| Mrs D Williams

| REGISTERED OFFICE: | 16D Prospect Park

| Queensway

| Fforestfach

| Swansea

| SA5 4ED

| REGISTERED NUMBER: | 11201909 (England and Wales)

| ACCOUNTANTS: | Bevan Buckland LLP

| Ground Floor Cardigan House

| Castle Court

| Swansea Enterprise Park

| Swansea

| SA7 9LA

| AWE ALUMINIUM LTD (REGISTERED NUMBER: 11201909) |

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 227,434 |  | 244,691 |  |

Investment property | 5 | 184,031 |  | - |  |

411,465 |  | 244,691 |  |

CURRENT ASSETS

Stocks | 225,210 |  | 236,470 |  |

Debtors | 6 | 238,584 |  | 394,821 |  |

Cash at bank and in hand | 437,901 |  | 489,796 |  |

901,695 |  | 1,121,087 |  |

CREDITORS

Amounts falling due within one year | 7 | 315,091 |  | 400,802 |  |

NET CURRENT ASSETS | 586,604 |  | 720,285 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 998,069 |  | 964,976 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (89,633 | ) | (108,024 | ) |

PROVISIONS FOR LIABILITIES | (76,858 | ) | (81,173 | ) |

NET ASSETS | 831,578 |  | 775,779 |  |

CAPITAL AND RESERVES

Called up share capital | 125 |  | 125 |  |

Share premium | 49,875 |  | 49,875 |  |

Retained earnings | 781,578 |  | 725,779 |  |

SHAREHOLDERS' FUNDS | 831,578 |  | 775,779 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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.

| AWE ALUMINIUM LTD (REGISTERED NUMBER: 11201909) |

BALANCE SHEET - continued

31 MARCH 2025

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2025 and were signed on its behalf by:

A Williams - Director

| AWE ALUMINIUM LTD (REGISTERED NUMBER: 11201909) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Awe Aluminium 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.

| 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and Machinery | - | 33% on cost, 25% on cost and 20% on cost

| Fixtures and fittings | - | 25% on cost and 20% on cost

| Motor vehicles | - | 25% on cost and 20% on cost

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Taxation

| Taxation for the year comprises current and deferred 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 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.

| Hire purchase and leasing commitments

| Rent is paid under an operating lease and is charged to the profit or loss on a straight line basis over the term of the lease.

| 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.

| AWE ALUMINIUM LTD (REGISTERED NUMBER: 11201909) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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 of its financial instruments.

| Financial instruments are recognised in the company's statement of financial position 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.

| Basic financial assets

| Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Basic financial liabilities

| Basic financial liabilities, including trade and other payables and bank loans that are classified as debt, are initially recognised transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| Debtors

| Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

| Cash at bank and cash in hand

| Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

| Creditors and provisions

| Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

| AWE ALUMINIUM LTD (REGISTERED NUMBER: 11201909) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 24 (2024 - 24 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| Machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 207,177 |  | 39,432 |  | 203,970 |  | 450,579 |  |

| Additions | 25,020 |  | 9,114 |  | 41,890 |  | 76,024 |  |

| Disposals | - |  | - |  | (25,500 | ) | (25,500 | ) |

| At 31 March 2025 | 232,197 |  | 48,546 |  | 220,360 |  | 501,103 |  |

| DEPRECIATION

| At 1 April 2024 | 133,724 |  | 19,685 |  | 52,479 |  | 205,888 |  |

| Charge for year | 34,034 |  | 8,537 |  | 50,710 |  | 93,281 |  |

| Eliminated on disposal | - |  | - |  | (25,500 | ) | (25,500 | ) |

| At 31 March 2025 | 167,758 |  | 28,222 |  | 77,689 |  | 273,669 |  |

| NET BOOK VALUE

| At 31 March 2025 | 64,439 |  | 20,324 |  | 142,671 |  | 227,434 |  |

| At 31 March 2024 | 73,453 |  | 19,747 |  | 151,491 |  | 244,691 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| Additions | 41,890 |  |

| At 31 March 2025 | 41,890 |  |

| DEPRECIATION

| Charge for year | 8,378 |  |

| At 31 March 2025 | 8,378 |  |

| NET BOOK VALUE

| At 31 March 2025 | 33,512 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| Additions | 184,031 |  |

| At 31 March 2025 | 184,031 |  |

| NET BOOK VALUE

| At 31 March 2025 | 184,031 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 225,516 |  | 376,683 |  |

| Other debtors | 13,068 |  | 18,138 |  |

238,584 |  | 394,821 |  |

| AWE ALUMINIUM LTD (REGISTERED NUMBER: 11201909) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Hire purchase contracts | 31,232 |  | 22,137 |  |

| Trade creditors | 116,193 |  | 197,051 |  |

| Taxation and social security | 143,357 |  | 160,656 |  |

| Other creditors | 14,309 |  | 10,958 |  |

315,091 |  | 400,802 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 1,667 |  | 11,667 |  |

| Hire purchase contracts | 87,966 |  | 96,357 |  |

89,633 |  | 108,024 |  |

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

AWE ALUMINIUM 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 Awe Aluminium Ltd for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Awe Aluminium 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 Awe Aluminium Ltd and state those matters that we have agreed to state to the Board of Directors of Awe Aluminium 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 Awe Aluminium Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Awe Aluminium 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 Awe Aluminium Ltd. You consider that Awe Aluminium Ltd 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 Awe Aluminium 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.

Bevan Buckland LLP

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

20 October 2025