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REGISTERED NUMBER: 01821427 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

UNUSUAL INDUSTRIES LIMITED

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Group Strategic Report | 2 |

Report of the Directors | 3 |

Directors' Responsibilities Statement | 5 |

Report of the Independent Auditors | 6 |

Consolidated Income Statement | 10 |

Consolidated Other Comprehensive Income | 11 |

Consolidated Balance Sheet | 12 |

Company Balance Sheet | 13 |

Consolidated Statement of Changes in Equity | 15 |

Company Statement of Changes in Equity | 16 |

Consolidated Cash Flow Statement | 17 |

Notes to the Consolidated Financial Statements | 18 |

UNUSUAL INDUSTRIES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | A Harper

| B H Rose

| P Jacobi

| REGISTERED OFFICE: | 55 Loudoun Road

| St. John's Wood

| London

| NW8 0DL

| BUSINESS ADDRESS: | The Wharf

| Litchborough Road

| Bugbrooke

| NN7 3QD

| REGISTERED NUMBER: | 01821427 (England and Wales)

| AUDITORS: | MGR Weston Kay LLP

| Statutory Auditors

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

| BANKERS: | Lloyds Banking Group plc

| 98 Victoria Street

| London SW1E 5JL

| Handelsbanken plc

| 3rd Floor, 86 Jermyn Street

| London SW1Y 6JD

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS

The Group delivered a highly successful year, achieving an impressive 81.7% increase in turnover (2024: 9.6%). This surge in activity was accompanied by a 62.8% rise in direct costs (2024: 23.4%) and a 32.5% increase in administrative expenses (2024: 21.2%). Despite these cost escalations, the Group recorded a net profit after tax of £7,764,189, a significant uplift from £2,332,912 in the prior year. This strong performance reflects the dedication and investment of the entire team at Unusual, across both our UK and Dubai offices.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider the main risks faced by the group's business are managing the variation associated with large one-off events together with the associated technical challenges of projects involving the provision of rigging services. The directors are aware of these complexities and have developed sophisticated job planning systems to manage the resources needed for each project and have become recognised experts in this field within the rigging services and event industries.

DEVELOPMENT AND PERFORMANCE

In the opinion of the directors, the group was in a strong position at the year end having enjoyed a year of good profitability resulting in net assets and shareholders' funds increasing to £28.1m (2024: £20.7m) at the year end.

KEY PERFORMANCE INDICATORS

The group's management monitor the performance of the business including reviewing individual contracts, management information incorporating the management accounts, resource and staffing requirements. The main key performance indicators are the gross and net profit margins, as well as the current asset ratio. The gross profit margin increased from 34.9% to 41.7%, the net profit margin increased from 14.0% to 26.0% and the net current asset ratio increased from 3.11 to 4.24.

ON BEHALF OF THE BOARD:

A Harper - Director

29 September 2025

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 MARCH 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The company is a holding company.

The principal activity of the company is the provision of management and administration services to its subsidiary companies.

The principal activities of the group primarily involves providing services to performing arts and other industries, including the fabrication and installation of rigging in theatres, museums, stadiums, arenas, conference centres and outdoor venues, theatre and stage engineering and specialised metal work.

DIVIDENDS

Ordinary dividends were paid amounting to £250,000. The directors do not recommend payment of a final dividend.

FUTURE DEVELOPMENTS

The group continues to demonstrate its commitment to the transition to a circular economy, most recently in the planning and design of their new HQ on site at Bugbrooke, in which their decision making has been influenced by the principles of running on renewables, selecting carbon sequestering materials, reusability and designing for disassembly.

DIRECTORS

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

A Harper

B H Rose

P Jacobi

FINANCIAL INSTRUMENTS

Treasury operations and financial instruments

The group operates a treasury function which is responsible for managing the liquidity and interest risks associated with the group activities.

Liquidity risk

The group manages its cash and borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring the company has sufficient liquid resources to meet the operating needs of the businesses.

Credit risk

Investments of cash surpluses, borrowings and derivative instruments are made through banks and companies which must fulfil credit rating criteria approved by the Board.

All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtors are monitored on an ongoing basis and provision is made for doubtful debts where necessary.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 MARCH 2025

AUDITORS

The auditors, MGR Weston Kay LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

A Harper - Director

29 September 2025

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

DIRECTORS' RESPONSIBILITIES STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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 the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the

company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

UNUSUAL INDUSTRIES LIMITED

Opinion

We have audited the financial statements of Unusual Industries Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Financial Statements, 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group

Strategic Report, the Report of the Directors and the Directors' Responsibilities Statement, but does not include the

financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise

explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

UNUSUAL INDUSTRIES LIMITED

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 Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Report of the Directors 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

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

- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company financial statements are not in agreement with the accounting records and 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.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page five, 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 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

UNUSUAL INDUSTRIES LIMITED

Auditors' 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 a Report of the Auditors 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.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line without responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of our planning of the audit work required, we obtained an understanding of the legal and regulatory frameworks that are applicable to the entity via enquiries of the company's management, carrying out analytical procedures, holding discussions amongst the engagement team and using our knowledge of the sector. We determined that the most significant laws and regulations were relating to:

- Health and safety regulations;

- Employment law; and

- UK Tax legislation.

We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as FRS102 and the Companies Act 2006.

Based on the results of our risk assessment we designed our audit procedures to identify instances of non-compliance with the laws and regulations and the fraud risks identified. This included enquiries of management to understand their policies and procedures for compliance with those regulations and we completed the following tests:

- Obtained an understanding of relevant controls;

- Reviewed the company's risks assessments, procedures, health and safety policies and communications with employees;

- Checked a sample of documentation;

- Reviewed records for evidence of complaints or litigation; and

- Reviewed correspondence with HMRC.

We also assessed the risk of material misstatement in relation to fraud in respect of the following:

- Revenue fraud;

- Unauthorised expenditure and/or payments;

- Management override of controls; and

- Related party fraud.

Based on the results of our risk assessment we designed audit procedures to identify and address material misstatements in relation to fraud. This included the risk of management bias and the risk of making inappropriate accounting entries.

No significant issues were identified during our testing.

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities, including fraud, rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusions, forgery, intentional omissions, misrepresentations or the override of internal controls.

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

UNUSUAL INDUSTRIES LIMITED

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 we are required to state to them in a Report of the Auditors 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.

Sarah Yardley BSc ACA (Senior Statutory Auditor)

for and on behalf of MGR Weston Kay LLP

Statutory Auditors

55 Loudoun Road

St John's Wood

London

NW8 0DL

29 September 2025

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

CONSOLIDATED INCOME STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

TURNOVER | 4 | 35,899,065 |  | 19,758,194 |  |

Cost of sales | (20,931,036 | ) | (12,853,445 | ) |

GROSS PROFIT | 14,968,029 |  | 6,904,749 |  |

Administrative expenses | (5,914,215 | ) | (4,463,301 | ) |

9,053,814 |  | 2,441,448 |  |

Other operating income | 57 |  | 6 |  |

OPERATING PROFIT | 6 | 9,053,871 |  | 2,441,454 |  |

Interest receivable and similar income | 8 | 374,130 |  | 344,286 |  |

9,428,001 |  | 2,785,740 |  |

Interest payable and similar expenses | 9 | (87,352 | ) | (26,810 | ) |

PROFIT BEFORE TAXATION | 9,340,649 |  | 2,758,930 |  |

Tax on profit | 10 | (1,576,460 | ) | (426,018 | ) |

PROFIT FOR THE FINANCIAL YEAR | 7,764,189 |  | 2,332,912 |  |

Profit attributable to:

Owners of the parent | 7,764,189 |  | 2,332,912 |  |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

CONSOLIDATED OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

PROFIT FOR THE YEAR | 7,764,189 |  | 2,332,912 |  |

OTHER COMPREHENSIVE INCOME |

Currency translation | (120,268 | ) | 22,851 |  |

Income tax relating to other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | (120,268 | ) | 22,851 |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 7,643,921 |  | 2,355,763 |  |

Total comprehensive income attributable to:

Owners of the parent | 7,643,921 |  | 2,355,763 |  |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

CONSOLIDATED BALANCE SHEET

31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 13 | (3,447,490 | ) | (5,339,227 | ) |

Tangible assets | 14 | 15,786,786 |  | 13,146,757 |  |

Investments | 15 | - |  | - |  |

12,339,296 |  | 7,807,530 |  |

CURRENT ASSETS

Stocks | 16 | 541,502 |  | 461,142 |  |

Debtors | 17 | 4,060,949 |  | 4,991,041 |  |

Cash at bank | 18,085,080 |  | 14,906,168 |  |

22,687,531 |  | 20,358,351 |  |

CREDITORS

Amounts falling due within one year | 18 | (5,347,779 | ) | (6,547,859 | ) |

NET CURRENT ASSETS | 17,339,752 |  | 13,810,492 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 29,679,048 |  | 21,618,022 |  |

CREDITORS

Amounts falling due after more than one year | 19 | (447,115 | ) | (473,408 | ) |

PROVISIONS FOR LIABILITIES | 21 | (1,124,319 | ) | (471,736 | ) |

NET ASSETS | 28,107,614 |  | 20,672,878 |  |

CAPITAL AND RESERVES

Called up share capital | 22 | 100,000 |  | 100,000 |  |

Other reserves | 149,800 |  | 149,800 |  |

Share option reserve | 40,815 |  | - |  |

Retained earnings | 27,816,999 |  | 20,423,078 |  |

SHAREHOLDERS' FUNDS | 28,107,614 |  | 20,672,878 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

A Harper - Director

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

COMPANY BALANCE SHEET

31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 13 | - |  | - |  |

Tangible assets | 14 | 7,908,660 |  | 6,844,550 |  |

Investments | 15 | 1,524,911 |  | 1,524,911 |  |

9,433,571 |  | 8,369,461 |  |

CURRENT ASSETS

Debtors | 17 | 702,064 |  | 390,508 |  |

Cash at bank | 2,076,077 |  | 1,282,136 |  |

2,778,141 |  | 1,672,644 |  |

CREDITORS

Amounts falling due within one year | 18 | (1,011,991 | ) | (992,861 | ) |

NET CURRENT ASSETS | 1,766,150 |  | 679,783 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,199,721 |  | 9,049,244 |  |

CREDITORS

Amounts falling due after more than one year | 19 | (93,213 | ) | - |  |

NET ASSETS | 11,106,508 |  | 9,049,244 |  |

CAPITAL AND RESERVES

Called up share capital | 22 | 100,000 |  | 100,000 |  |

Share option reserve | 40,815 |  | - |  |

Retained earnings | 10,965,693 |  | 8,949,244 |  |

SHAREHOLDERS' FUNDS | 11,106,508 |  | 9,049,244 |  |

Company's profit for the financial year | 2,266,449 |  | 2,083,763 |  |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

COMPANY BALANCE SHEET - continued

31 MARCH 2025

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

A Harper - Director

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

| Called up |  | Share |

| share |  | Retained |  | Other |  | option |  | Total

| capital |  | earnings |  | reserves |  | reserve |  | equity

£ | £ | £ | £ | £ |

Balance at 1 April 2023 | 100,000 |  | 18,214,315 |  | 149,800 |  | - |  | 18,464,115 |  |

Changes in equity

Profit for the year | - |  | 2,332,912 |  | - |  | - |  | 2,332,912 |  |

Currency translation differences | - |  | 22,851 |  | - |  | - |  | 22,851 |  |

Total comprehensive income | - |  | 2,355,763 |  | - |  | - |  | 2,355,763 |  |

Dividends | - |  | (147,000 | ) | - |  | - |  | (147,000 | ) |

Balance at 31 March 2024 | 100,000 |  | 20,423,078 |  | 149,800 |  | - |  | 20,672,878 |  |

Changes in equity

Profit for the year | - |  | 7,764,189 |  | - |  | - |  | 7,764,189 |  |

Other comprehensive income | - |  | (120,268 | ) | - |  | 40,815 |  | (79,453 | ) |

Total comprehensive income | - |  | 7,643,921 |  | - |  | 40,815 |  | 7,684,736 |  |

Dividends | - |  | (250,000 | ) | - |  | - |  | (250,000 | ) |

Balance at 31 March 2025 | 100,000 |  | 27,816,999 |  | 149,800 |  | 40,815 |  | 28,107,614 |  |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

| Called up |  | Share |

| share |  | Retained |  | option |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 April 2023 | 100,000 |  | 7,012,481 |  | - |  | 7,112,481 |  |

Changes in equity

Dividends | - |  | (147,000 | ) | - |  | (147,000 | ) |

Total comprehensive income | - |  | 2,083,763 |  | - |  | 2,083,763 |  |

Balance at 31 March 2024 | 100,000 |  | 8,949,244 |  | - |  | 9,049,244 |  |

Changes in equity

Dividends | - |  | (250,000 | ) | - |  | (250,000 | ) |

Total comprehensive income | - |  | 2,266,449 |  | 40,815 |  | 2,307,264 |  |

Balance at 31 March 2025 | 100,000 |  | 10,965,693 |  | 40,815 |  | 11,106,508 |  |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 26 | 7,627,211 |  | 4,809,684 |  |

Interest paid | (12,497 | ) | - |  |

Interest element of hire purchase payments paid | (74,855 | ) | (26,810 | ) |

Tax paid | (208,925 | ) | (614,149 | ) |

Net cash from operating activities | 7,330,934 |  | 4,168,725 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (3,874,528 | ) | (6,129,938 | ) |

Sale of tangible fixed assets | 242,044 |  | 406,066 |  |

Purchase of business | - |  | (114,906 | ) |

Purchase of subsidiaries, net of cash | - |  | 3,850,514 |  |

Interest received | 374,130 |  | 344,286 |  |

Net cash from investing activities | (3,258,354 | ) | (1,643,978 | ) |

Cash flows from financing activities

Capital repayments in year | (458,884 | ) | (442,481 | ) |

Payment of amounts owed to subsidiaries | (64,516 | ) | - |  |

Equity dividends paid | (250,000 | ) | (147,000 | ) |

Net cash from financing activities | (773,400 | ) | (589,481 | ) |

Increase in cash and cash equivalents | 3,299,180 |  | 1,935,266 |  |

Cash and cash equivalents at beginning of year | 27 | 14,906,168 |  | 12,948,051 |  |

Effect of foreign exchange rate changes | (120,268 | ) | 22,851 |  |

Cash and cash equivalents at end of year | 27 | 18,085,080 |  | 14,906,168 |  |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Unusual Industries 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 General 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" and the Companies Act 2006.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| The financial statements have been prepared under the historical cost convention.

| Going concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Basis of consolidation

| The consolidated financial statements incorporate those of Unusual Industries Limited and all of its subsidiaries (ie entities that the group controls through its power to govern the financial and operating policies so as to obtain economic benefits). Subsidiaries acquired during the year are consolidated using the purchase method. Their results are incorporated from the date that control passes.

| All financial statements are made up to 31 March 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

| All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover represents the invoiced value of all services supplied by the group based on the date the work is undertaken net of value added tax.

| Turnover on equipment sales is recognised on delivery date.

| Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear, compared with the total expected costs for that contract.

| Goodwill

| Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

| Negative goodwill

| Negative goodwill represents the fair value of net assets acquired which exceed of the cost of acquisition of a business. It is initially recognised as a negative asset at cost and is subsequently measured at cost less accumulated amortisation. Negative goodwill is released to the profit and loss up to the fair value of non-monetary assets acquired in profit or loss in the periods in which the non-monetary assets are recovered. Where the negative goodwill is greater than the value of the non-monetary assets, the negative goodwill is allocated on a pro-rated basis to the non-monetary assets acquired.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | None

| Short leasehold | - | 33% straight line

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 33% on reducing balance and 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Impairment of fixed assets

| At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The group 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 group's balance sheet when the group becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset and 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

| The tax expense represents the sum of the tax currently payable and deferred tax.

| Current tax

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

| Deferred tax

| Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

| 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.

| Hire purchase and leasing commitments

| Leases are classified as hire purchase whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

| Assets held under hire purchase are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a hire purchase obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

| Rentals payable under operating leases, including any lease incentives received are charges to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

| Pension costs and other post-retirement benefits

| The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment or to provide termination benefits.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts.

3. | JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| The directors believe that there are no critical accounting judgements or key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

4. | TURNOVER

| In the opinion of the directors it would be seriously prejudicial to the company's interest if turnover by class and geographical area is disclosed.

5. | EMPLOYEES AND DIRECTORS

| 31.3.25 |  | 31.3.24

£ | £ |

| Wages and salaries | 5,883,475 |  | 4,809,532 |  |

| Social security costs | 491,586 |  | 495,816 |  |

| Other pension costs | 550,110 |  | 563,219 |  |

6,925,171 |  | 5,868,567 |  |

| The average number of employees during the year was as follows:

| 31.3.25 |  | 31.3.24

| Administration staff | 36 |  | 33 |  |

| Production staff | 99 |  | 71 |  |

135 |  | 104 |  |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | EMPLOYEES AND DIRECTORS - continued

| 31.3.25 |  | 31.3.24

£ | £ |

| Directors' remuneration | 265,108 |  | 314,961 |  |

| Directors' pension contributions to money purchase schemes | 156,127 |  | 125,000 |  |

| Information regarding the highest paid director is as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| Emoluments etc | 110,612 |  | 120,004 |  |

| Pension contributions to money purchase schemes | 57,027 |  | 59,900 |  |

| The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2024 - 2).

6. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire of plant and machinery | 1,593 |  | - |  |

| Other operating leases | 171,100 |  | 25,361 |  |

| Depreciation - owned assets | 1,553,416 |  | 1,140,306 |  |

| Loss/(profit) on disposal of fixed assets | 7,581 |  | (45,672 | ) |

| Goodwill amortisation | (1,891,737 | ) | (301,263 | ) |

| Foreign exchange differences | 63,267 |  | 29,624 |  |

7. | AUDITORS' REMUNERATION

| Fees payable to the company's auditor and associates:

|  | 31.3.25 |  | 31.3.24 |  |

| £ |  | £ |  |

| For audit services |  |

| Audit of the financial statements of the group and company |  | 15,000 |  | 15,000 |  |

| Audit of the financial statements of the company's subsidiaries |  | 38,000 |  | 31,500 |  |

|  | 53,000 |  | 46,500 |  |

| For other services |  |

| All other non-audit services |  | 55,116 |  | 37,566 |  |

8. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank account interest | 374,130 |  | 344,286 |  |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

9. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank interest | 12,497 |  | - |  |

| Hire purchase | 74,855 |  | 26,810 |  |

87,352 |  | 26,810 |  |

10. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| Current tax:

| UK corporation tax | 964,681 |  | 527,578 |  |

| Prior period adjustments | (40,804 | ) | (8,796 | ) |

| Total current tax | 923,877 |  | 518,782 |  |

| Deferred tax | 652,583 |  | (92,764 | ) |

| Tax on profit | 1,576,460 |  | 426,018 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 31.3.25 |  | 31.3.24

£ | £ |

| Profit before tax | 9,340,649 |  | 2,758,930 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 2,335,162 |  | 689,733 |  |

| Effects of:

| Expenses not deductible for tax purposes | (93,222 | ) | 183,608 |  |

| Capital allowances in excess of depreciation | (619,319 | ) | (273,792 | ) |

| Adjustments to tax charge in respect of previous periods | (71,815 | ) | (8,796 | ) |

| Gains not taxable | - |  | (16,050 | ) |

| Unutilised tax losses carried forward | - |  | 19,877 |  |

| Group relief | (223,742 | ) | - |  |

| Effect of overseas tax rates | (403,187 | ) | (77,813 | ) |

| Foreign exchange differences | - |  | 2,519 |  |

| Deferred tax | 652,583 |  | (92,764 | ) |

| Marginal relief | - |  | (504 | ) |

| Total tax charge | 1,576,460 |  | 426,018 |  |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | TAXATION - continued

| Tax effects relating to effects of other comprehensive income |

| 31.3.25 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Currency translation | (120,268 | ) | - |  | (120,268 | ) |

| 31.3.24 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Currency translation | 22,851 |  | - |  | 22,851 |  |

11. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

12. | DIVIDENDS

| 31.3.25 |  | 31.3.24

£ | £ |

| Ordinary shares of £1 each

| Interim | 250,000 |  | 147,000 |  |

13. | INTANGIBLE FIXED ASSETS

| Group

| Development |

| Goodwill |  | costs |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | (5,503,664 | ) | 11,720 |  | (5,491,944 | ) |

| AMORTISATION

| At 1 April 2024 | (164,437 | ) | 11,720 |  | (152,717 | ) |

| Amortisation for year | (1,891,737 | ) | - |  | (1,891,737 | ) |

| At 31 March 2025 | (2,056,174 | ) | 11,720 |  | (2,044,454 | ) |

| NET BOOK VALUE

| At 31 March 2025 | (3,447,490 | ) | - |  | (3,447,490 | ) |

| At 31 March 2024 | (5,339,227 | ) | - |  | (5,339,227 | ) |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

14. | TANGIBLE FIXED ASSETS

| Group

| Freehold |  | Short |  | Plant and

| property |  | leasehold |  | machinery

£ | £ | £ |

| COST

| At 1 April 2024 | 7,192,768 |  | 14,544 |  | 11,887,261 |  |

| Additions | 876,468 |  | - |  | 1,253,425 |  |

| Disposals | - |  | - |  | - |  |

| Exchange differences | - |  | (525 | ) | - |  |

| At 31 March 2025 | 8,069,236 |  | 14,019 |  | 13,140,686 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 1,437 |  | 8,035,576 |  |

| Charge for year | - |  | 3,810 |  | 765,861 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| Exchange differences | - |  | (298 | ) | - |  |

| At 31 March 2025 | - |  | 4,949 |  | 8,801,437 |  |

| NET BOOK VALUE

| At 31 March 2025 | 8,069,236 |  | 9,070 |  | 4,339,249 |  |

| At 31 March 2024 | 7,192,768 |  | 13,107 |  | 3,851,685 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 1,317,906 |  | 1,768,629 |  | 22,181,108 |  |

| Additions | 1,548,627 |  | 781,909 |  | 4,460,429 |  |

| Disposals | (13,856 | ) | (442,434 | ) | (456,290 | ) |

| Exchange differences | (35,862 | ) | (9,844 | ) | (46,231 | ) |

| At 31 March 2025 | 2,816,815 |  | 2,098,260 |  | 26,139,016 |  |

| DEPRECIATION

| At 1 April 2024 | 492,468 |  | 504,870 |  | 9,034,351 |  |

| Charge for year | 346,048 |  | 437,697 |  | 1,553,416 |  |

| Eliminated on disposal | (7,751 | ) | (198,914 | ) | (206,665 | ) |

| Exchange differences | (23,095 | ) | (5,479 | ) | (28,872 | ) |

| At 31 March 2025 | 807,670 |  | 738,174 |  | 10,352,230 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,009,145 |  | 1,360,086 |  | 15,786,786 |  |

| At 31 March 2024 | 825,438 |  | 1,263,759 |  | 13,146,757 |  |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

14. | TANGIBLE FIXED ASSETS - continued

| Group

| The net carrying value of tangible fixed assets includes the following in respect of assets held under hire |  | purchase contracts. |

|  | 31.3.25 |  | 31.3.24 |  |

|  | £ |  | £ |  |

| Plant and machinery |  | 200,215 |  | 161,308 |  |

| Motor Vehicles |  | 784,838 |  | 900,635 |  |

|  | 985,053 |  | 1,061,943 |  |

| Company

| Fixtures |

| Freehold |  | and |  | Motor |

| property |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 6,619,768 |  | 511,253 |  | 203,296 |  | 7,334,317 |  |

| Additions | 876,468 |  | 306,054 |  | 115,735 |  | 1,298,257 |  |

| Disposals | - |  | - |  | (96,315 | ) | (96,315 | ) |

| At 31 March 2025 | 7,496,236 |  | 817,307 |  | 222,716 |  | 8,536,259 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 418,859 |  | 70,908 |  | 489,767 |  |

| Charge for year | - |  | 133,000 |  | 48,993 |  | 181,993 |  |

| Eliminated on disposal | - |  | - |  | (44,161 | ) | (44,161 | ) |

| At 31 March 2025 | - |  | 551,859 |  | 75,740 |  | 627,599 |  |

| NET BOOK VALUE

| At 31 March 2025 | 7,496,236 |  | 265,448 |  | 146,976 |  | 7,908,660 |  |

| At 31 March 2024 | 6,619,768 |  | 92,394 |  | 132,388 |  | 6,844,550 |  |

| No depreciation has been recorded on the properties as the Directors consider the market value of the buildings to exceed their cost. This is reasonable given our knowledge of the current property market and the nature of the properties.

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

14. | TANGIBLE FIXED ASSETS - continued

| Company

| The net carrying value of tangible fixed assets includes the following in respect of assets held under hire |  | purchase contracts. |

|  | 31.3.25 |  | 31.3.24 |  |

|  | £ |  | £ |  |

| Plant and machinery |  | 63,103 |  | - |  |

|  | 63,103 |  | - |  |

15. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 1,524,911 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,524,911 |  |

| At 31 March 2024 | 1,524,911 |  |

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiaries

| Rope Assemblies Limited

| Registered office: England and Wales

| Nature of business: Manufacture and sale of lifting assemblies

| %

| Class of shares: | holding |

| Ordinary Direct | 100.00 |

| Ordinary Indirect |

| Unusual Automation Limited

| Registered office: England and Wales

| Nature of business: Non-trading

| %

| Class of shares: | holding |

| Ordinary Direct | 100.00 |

| Ordinary Indirect |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

15. | FIXED ASSET INVESTMENTS - continued

| Unusual Engineering Limited

| Registered office: England and Wales

| Nature of business: Non-trading

| %

| Class of shares: | holding |

| Ordinary Direct | 100.00 |

| Ordinary Indirect |

| Unusual Entertainments Limited

| Registered office: England and Wales

| Nature of business: Non-trading

| %

| Class of shares: | holding |

| Ordinary Direct | 100.00 |

| Ordinary Indirect |

| Unusual Manufacturing Limited

| Registered office: England and Wales

| Nature of business: Non-trading

| %

| Class of shares: | holding |

| Ordinary Direct | 100.00 |

| Ordinary Indirect |

| Unusual Rigging Limited

| Registered office: England and Wales

| Nature of business: Venue installation and engineering of rigging

| %

| Class of shares: | holding |

| Ordinary Direct | 100.00 |

| Ordinary Indirect |

| Unusual Services Limited

| Registered office: England and Wales

| Nature of business: Provide event management and on site services

| %

| Class of shares: | holding |

| Ordinary Direct | 100.00 |

| Ordinary Indirect |

| Zenavail Limited

| Registered office: England and Wales

| Nature of business: Non-trading

| %

| Class of shares: | holding |

| Ordinary Direct | 100.00 |

| Ordinary Indirect |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

15. | FIXED ASSET INVESTMENTS - continued

| Unusual Rigging & Engineering LLC (Dubai)

| Registered office: United Arab Emirates

| Nature of business: Venue installation and engineering of rigging

| %

| Class of shares: | holding |

| Ordinary Direct | 100.00 |

| Ordinary Indirect |

16. | STOCKS

| Group |

| 31.3.25 |  | 31.3.24 |

£ | £ |

| Finished goods | 541,502 |  | 461,142 |  |

17. | DEBTORS

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Amounts falling due within one year: |

| Trade debtors | 2,346,612 |  | 2,808,549 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 282,254 |  | 5,040 |  |

| Other debtors | 304,042 |  | 412,123 |  | 1,775 |  | 7,625 |  |

| Tax | 447,000 |  | - |  | - |  | - |  |

| Prepayments and accrued income | 963,295 |  | 1,770,369 |  | 388,733 |  | 348,541 |  |

4,060,949 |  | 4,991,041 |  | 672,762 |  | 361,206 |  |

| Amounts falling due after more than one | year: |

| Deferred tax asset | - |  | - |  | 29,302 |  | 29,302 |  |

| Aggregate amounts | 4,060,949 |  | 4,991,041 |  | 702,064 |  | 390,508 |  |

| Deferred tax asset of £29,302 shown in the company accounts is included in the consolidated provision for liabilities figure.

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Hire purchase contracts (see note 20) | 446,561 |  | 293,251 |  | 60,380 |  | - |  |

| Trade creditors | 996,138 |  | 3,003,293 |  | 132,031 |  | 490,099 |  |

| Amounts owed to group undertakings | - |  | 64,516 |  | - |  | 287,869 |  |

| Taxation | 1,527,110 |  | 382,519 |  | - |  | 24,551 |  |

| Social security and other taxes | 148,650 |  | 142,258 |  | 22,533 |  | 20,977 |  |

| VAT | 560,442 |  | 146,948 |  | 517,316 |  | 71,644 |  |

| Other creditors | 193,387 |  | 242,476 |  | - |  | - |  |

| Directors' current accounts | 193,777 |  | 52,297 |  | 193,777 |  | 52,297 |  |

| Accruals and deferred income | 1,281,714 |  | 2,220,301 |  | 85,954 |  | 45,424 |  |

5,347,779 |  | 6,547,859 |  | 1,011,991 |  | 992,861 |  |

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

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Hire purchase contracts (see note 20) | 447,115 |  | 473,408 |  | 93,213 |  | - |  |

20. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

| 31.3.25 |  | 31.3.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 446,561 |  | 293,251 |  |

| Between one and five years | 447,115 |  | 473,408 |  |

893,676 |  | 766,659 |  |

| Company

| Hire purchase |

| contracts |

| 31.3.25 |  | 31.3.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 60,380 |  | - |  |

| Between one and five years | 93,213 |  | - |  |

153,593 |  | - |  |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

20. | LEASING AGREEMENTS - continued

| Net obligations under hire purchase contracts are secured by fixed charge on the assets concerned.

21. | PROVISIONS FOR LIABILITIES

| Group |

| 31.3.25 |  | 31.3.24 |

£ | £ |

| Deferred tax | 1,124,319 |  | 471,736 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 471,736 |  |

| Charge to Income Statement during year | 652,583 |  |

| Balance at 31 March 2025 | 1,124,319 |  |

| Company

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | (29,302 | ) |

| Balance at 31 March 2025 | (29,302 | ) |

22. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 100,000 | Ordinary | £1 | 100,000 |  | 100,000 |  |

23. | PENSION COMMITMENTS

| The charge to the profit or loss in respect of defined contribution schemes was £550,110 (2024: £563,219).

| The group operates defined contribution pension schemes for all qualifying employees. The assets of the schemes are held separately from those of the company in independently administered funds.

24. | 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.

| At the year end, £193,777 (2024: £52,297) was owed to directors by the group. The loans are unsecured, interest free and repayable on demand.

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

25. | ULTIMATE CONTROLLING PARTY

| At the date of the approval of the accounts the ultimate controlling party was A Harper.

26. | RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

| 31.3.25 |  | 31.3.24

£ | £ |

| Profit for the financial year | 7,764,189 |  | 2,332,912 |  |

| Depreciation charges | (338,323 | ) | 839,043 |  |

| Loss/(profit) on disposal of fixed assets | 7,581 |  | (45,672 | ) |

| Bonus share issue | 40,815 |  | - |  |

| Finance costs | 87,352 |  | 26,810 |  |

| Finance income | (374,130 | ) | (344,286 | ) |

| Taxation | 1,576,460 |  | 426,018 |  |

8,763,944 |  | 3,234,825 |  |

| Increase in stocks | (80,360 | ) | (9,535 | ) |

| Decrease/(increase) in trade and other debtors | 1,377,092 |  | (229,362 | ) |

| (Decrease)/increase in trade and other creditors | (2,433,465 | ) | 1,813,756 |  |

| Cash generated from operations | 7,627,211 |  | 4,809,684 |  |

27. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 March 2025

| 31.3.25 |  | 1.4.24

£ | £ |

| Cash and cash equivalents | 18,085,080 |  | 14,906,168 |  |

| Year ended 31 March 2024

| 31.3.24 |  | 1.4.23

£ | £ |

| Cash and cash equivalents | 14,906,168 |  | 12,948,051 |  |

UNUSUAL INDUSTRIES LIMITED (REGISTERED NUMBER: 01821427)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

28. | ANALYSIS OF CHANGES IN NET FUNDS

| Other |

| non-cash |

| At 1.4.24 | Cash flow | changes | At 31.3.25

£ | £ | £ | £ |

| Net cash |

| Cash at bank

| and in hand | 14,906,168 |  | 3,178,912 |  | 18,085,080 |  |

14,906,168 |  | 3,178,912 |  | 18,085,080 |  |

| Debt

| Finance leases | (766,659 | ) | 458,884 |  | (585,901 | ) | (893,676 | ) |

(766,659 | ) | 458,884 |  | (585,901 | ) | (893,676 | ) |

| Total | 14,139,509 |  | 3,637,796 |  | (585,901 | ) | 17,191,404 |  |

29. | SHARE-BASED PAYMENTS

| During the year, the company established an Enterprise Management Incentive (EMI) share option scheme for certain employees. 416,000 options were granted at an exercise price of £0.62 per share, 104,000 of which were forfeited following the year end. Certain conditions need to be met for these options to be exercised.

| The fair value of the options was determined at the grant date using a multiple of weighted average adjusted EBITDA which provided a reasonable estimate of enterprise value. The total charge recognised in the profit and loss account for the year ended 31 March 2025 was:

|  | 31.3.25 |  | 31.3.24 |  |

|  | £ |  | £ |  |

| Share-based payments |  | 40,815 |  | - |  |