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REGISTERED NUMBER: 03067652 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 July 2025 |

| for |

| KWI Grinding Limited |

| KWI Grinding Limited (Registered number: 03067652) |

Contents of the Financial Statements

for the Year Ended 31 July 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| KWI Grinding Limited |

Company Information

for the Year Ended 31 July 2025

| DIRECTORS: | P F Kelly

| C F Kelly

| REGISTERED OFFICE: | Leofric House

| Binley Road

| Coventry

| West Midlands

| CV3 1JN

| REGISTERED NUMBER: | 03067652 (England and Wales)

| ACCOUNTANTS: | Leigh Christou Ltd

| Chartered Certified Accountants

| Leofric House

| Binley Road

| Coventry

| CV3 1JN

| KWI Grinding Limited (Registered number: 03067652) |

Balance Sheet

31 July 2025

| 31.7.25 | 31.7.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 188,711 |  | 225,734 |  |

188,711 |  | 225,734 |  |

CURRENT ASSETS

Stocks | 7,000 |  | 27,500 |  |

Debtors | 6 | 270,042 |  | 306,101 |  |

Cash at bank | 156,514 |  | 69,462 |  |

433,556 |  | 403,063 |  |

CREDITORS

Amounts falling due within one year | 7 | 219,098 |  | 238,660 |  |

NET CURRENT ASSETS | 214,458 |  | 164,403 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 403,169 |  | 390,137 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (21,282 | ) | (50,221 | ) |

PROVISIONS FOR LIABILITIES | (36,470 | ) | (44,974 | ) |

NET ASSETS | 345,417 |  | 294,942 |  |

CAPITAL AND RESERVES

Called up share capital | 4,500 |  | 4,500 |  |

Capital redemption reserve | 4,500 |  | 4,500 |  |

Retained earnings | 336,417 |  | 285,942 |  |

SHAREHOLDERS' FUNDS | 345,417 |  | 294,942 |  |

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

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

| KWI Grinding Limited (Registered number: 03067652) |

Balance Sheet - continued

31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

P F Kelly - Director

| KWI Grinding Limited (Registered number: 03067652) |

Notes to the Financial Statements

for the Year Ended 31 July 2025

1. | STATUTORY INFORMATION

| KWI Grinding Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The 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 represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| 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.

| Improvements to property | - | 15% on reducing balance

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

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

| Motor vehicles | - | 15% on reducing balance

| Computer equipment | - | Straight line over 4 years

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

| KWI Grinding Limited (Registered number: 03067652) |

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

2. | ACCOUNTING POLICIES - continued

| Deferred taxation

| Deferred taxation arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the coompany's accounts. Deferred taxation is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2024 - 16 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 11,500 |  |

| AMORTISATION

| At 1 August 2024

| and 31 July 2025 | 11,500 |  |

| NET BOOK VALUE

| At 31 July 2025 | - |  |

| At 31 July 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures

| to |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 August 2024 | 82,969 |  | 866,114 |  | 9,413 |  |

| Additions | - |  | 1,606 |  | - |  |

| At 31 July 2025 | 82,969 |  | 867,720 |  | 9,413 |  |

| DEPRECIATION

| At 1 August 2024 | 22,191 |  | 719,704 |  | 9,274 |  |

| Charge for year | 11,805 |  | 22,202 |  | 21 |  |

| At 31 July 2025 | 33,996 |  | 741,906 |  | 9,295 |  |

| NET BOOK VALUE

| At 31 July 2025 | 48,973 |  | 125,814 |  | 118 |  |

| At 31 July 2024 | 60,778 |  | 146,410 |  | 139 |  |

| KWI Grinding Limited (Registered number: 03067652) |

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

5. | TANGIBLE FIXED ASSETS - continued

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 August 2024 | 50,648 |  | 8,746 |  | 1,017,890 |  |

| Additions | - |  | - |  | 1,606 |  |

| At 31 July 2025 | 50,648 |  | 8,746 |  | 1,019,496 |  |

| DEPRECIATION

| At 1 August 2024 | 32,241 |  | 8,746 |  | 792,156 |  |

| Charge for year | 4,601 |  | - |  | 38,629 |  |

| At 31 July 2025 | 36,842 |  | 8,746 |  | 830,785 |  |

| NET BOOK VALUE

| At 31 July 2025 | 13,806 |  | - |  | 188,711 |  |

| At 31 July 2024 | 18,407 |  | - |  | 225,734 |  |

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

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 August 2024 | 212,094 |  | 4,925 |  | 217,019 |  |

| Transfer to ownership | (184,869 | ) | (4,925 | ) | (189,794 | ) |

| At 31 July 2025 | 27,225 |  | - |  | 27,225 |  |

| DEPRECIATION

| At 1 August 2024 | 138,378 |  | 1,463 |  | 139,841 |  |

| Charge for year | 11,057 |  | 865 |  | 11,922 |  |

| Transfer to ownership | (141,634 | ) | (2,328 | ) | (143,962 | ) |

| At 31 July 2025 | 7,801 |  | - |  | 7,801 |  |

| NET BOOK VALUE

| At 31 July 2025 | 19,424 |  | - |  | 19,424 |  |

| At 31 July 2024 | 73,716 |  | 3,462 |  | 77,178 |  |

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

| 31.7.25 |  | 31.7.24

£ | £ |

| Trade debtors | 257,526 |  | 293,522 |  |

| Staff loans | 6,156 |  | 6,985 |  |

| Prepayments | 6,360 |  | 5,594 |  |

270,042 |  | 306,101 |  |

| KWI Grinding Limited (Registered number: 03067652) |

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

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

| 31.7.25 |  | 31.7.24

£ | £ |

| Bank loans and overdrafts | 9,644 |  | 9,768 |  |

| Hire purchase contracts | 17,408 |  | 19,076 |  |

| Trade creditors | 50,854 |  | 107,004 |  |

| Tax | 57,804 |  | 33,607 |  |

| VAT | 44,449 |  | 41,629 |  |

| Other creditors | 373 |  | - |  |

| Pension control account | 2,336 |  | 2,236 |  |

| Social security and other tax | 13,679 |  | 11,698 |  |

| Accrued expenses | 22,551 |  | 13,642 |  |

219,098 |  | 238,660 |  |

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

| 31.7.25 |  | 31.7.24

£ | £ |

| Bank loans - 1-2 years | - |  | 9,848 |  |

| Bank loans - 2-5 years | - |  | 294 |  |

| Hire purchase contracts | 21,282 |  | 40,079 |  |

21,282 |  | 50,221 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.7.25 |  | 31.7.24

£ | £ |

| Bank loans | 9,644 |  | 19,910 |  |

| Hire purchase contracts | 38,690 |  | 59,155 |  |

48,334 |  | 79,065 |  |

| The hire purchase creditor is secured on the asset purchased under the agreement.

| The bank loan is secured by way of fixed and floating charges over the assets of the company and

| is also secured by way of personal guarantee from the director, Mr P Kelly, up to a limit of £30,000.

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

| 31.7.25 |  | 31.7.24

£ | £ |

| C F Kelly

| Balance outstanding at start of year | - |  | 42,181 |  |

| Amounts advanced | 42,876 |  | - |  |

| Amounts repaid | (42,876 | ) | (42,181 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| KWI Grinding Limited (Registered number: 03067652) |

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| P F Kelly

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 52,000 |  | - |  |

| Amounts repaid | (52,000 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| Interest is charged on the Director's loans at the HMRC official rate of interest.

11. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr P Kelly via virtue of his majority shareholding in the parent company Errigal Holdings Limited