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REGISTERED NUMBER: 14776818 (England and Wales)

THOMAS BROS EXCAVATIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

THOMAS BROS EXCAVATIONS LTD (REGISTERED NUMBER: 14776818) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

| Page |

| Company Information | 1 |

| Balance Sheet | 2 |  | to |  | 3

| Notes to the Financial Statements | 4 |  | to |  | 8

| Chartered Certified Accountants' Report | 9 |

| THOMAS BROS EXCAVATIONS LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTOR: | S A Hoare

| REGISTERED OFFICE: | 4 Bank Court

| Weldon Road

| Loughborough

| Leicestershire

| LE11 5RF

| REGISTERED NUMBER: | 14776818 (England and Wales)

| ACCOUNTANTS: | Essex Abel Ltd

| 4 Bank Court

| Weldon Road

| Loughborough

| Leicestershire

| LE11 5RF

THOMAS BROS EXCAVATIONS LTD (REGISTERED NUMBER: 14776818) |

BALANCE SHEET

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 4,853,233 |  | 3,210,111 |  |

Investments | 5 | 25,000 |  | 25,000 |  |

4,878,233 |  | 3,235,111 |  |

CURRENT ASSETS

Stocks | 16,018 |  | 11,767 |  |

Debtors | 6 | 2,143,038 |  | 2,957,339 |  |

Cash at bank and in hand | 98,498 |  | 145,804 |  |

2,257,554 |  | 3,114,910 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,734,675 |  | 2,915,696 |  |

NET CURRENT (LIABILITIES)/ASSETS | (477,121 | ) | 199,214 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,401,112 |  | 3,434,325 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (2,979,423 | ) | (2,216,386 | ) |

PROVISIONS FOR LIABILITIES | (288,018 | ) | (235,376 | ) |

NET ASSETS | 1,133,671 |  | 982,563 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 1,133,571 |  | 982,463 |  |

1,133,671 |  | 982,563 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

THOMAS BROS EXCAVATIONS LTD (REGISTERED NUMBER: 14776818) |

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 and authorised for issue by the director and authorised for issue on 30 October 2025 and were signed by:

S A Hoare - Director

THOMAS BROS EXCAVATIONS LTD (REGISTERED NUMBER: 14776818) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| Thomas Bros Excavations 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 (£).

| The company's trading address is Top Farm, Shefford Road, Beadlow, Bedfordshire, SG17 5PL

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.

| Related party exemption

| 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.

| Significant judgements and estimates

| In the application of the company's accounting policies, which are described in the accounting policies below, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates which could result in a material adjustment to the carrying amounts of assets or liabilities affected in future periods.

| Estimates and assumptions

| The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Company based its assumptions and estimates on parameters available when the financial statements were prepared. Existing circumstances and assumptions about future developments; however, may change due to market changes or circumstances arising that are beyond the control of the Company. Such changes are reflected in the assumptions when they occur.

| Turnover

| Turnover represents net invoiced sale of goods, excluding value added tax.

| Revenue is recognised on the sale of goods when the significant risks and rewards of ownership of the goods have passed to the buyer and the amount of revenue can be measured reliably. Revenue on goods delivered is recognised when goods have been dispatched to the customer.

| Revenue is recognised on services in the period which the work has been carried out.

| 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 | - | at variable rates on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

THOMAS BROS EXCAVATIONS LTD (REGISTERED NUMBER: 14776818) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

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

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to/from related parties.

| Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

| Trade and other debtors

| Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

| A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of debtors. The amount of the provision is determined as the difference between the asset's carrying amount and the present value of estimated future cash flows, and is recognised in the profit & loss in operating expenses.

| Trade and other creditors

| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

| Valuation of investments

| Investments in unlisted company shares, which have been classified as fixed asset investments as the company intends to hold them on a continuing basis, are held at cost less any provisions made for impairment.

| Taxation

| Taxation for the year 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.

THOMAS BROS EXCAVATIONS LTD (REGISTERED NUMBER: 14776818) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 29 (2024 - 40 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 July 2024 | 3,765,985 |  |

| Additions | 2,774,242 |  |

| Disposals | (640,000 | ) |

| At 30 June 2025 | 5,900,227 |  |

| DEPRECIATION

| At 1 July 2024 | 555,874 |  |

| Charge for year | 652,267 |  |

| Eliminated on disposal | (161,147 | ) |

| At 30 June 2025 | 1,046,994 |  |

| NET BOOK VALUE

| At 30 June 2025 | 4,853,233 |  |

| At 30 June 2024 | 3,210,111 |  |

THOMAS BROS EXCAVATIONS LTD (REGISTERED NUMBER: 14776818) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

5. | FIXED ASSET INVESTMENTS

| Unlisted

| investments

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 25,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | 25,000 |  |

| At 30 June 2024 | 25,000 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,365,128 |  | 1,302,902 |  |

| Amounts owed by group undertakings | 613,775 |  | 1,372,628 |  |

| Other debtors | 164,135 |  | 281,809 |  |

2,143,038 |  | 2,957,339 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 1,325,827 |  | 1,032,025 |  |

| Trade creditors | 958,502 |  | 1,560,416 |  |

| Taxation and social security | 138,807 |  | 72,673 |  |

| Other creditors | 311,539 |  | 250,582 |  |

2,734,675 |  | 2,915,696 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 2,380,423 |  | 1,617,386 |  |

| Other creditors | 599,000 |  | 599,000 |  |

2,979,423 |  | 2,216,386 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 3,706,250 |  | 2,649,411 |  |

| All debts on hire purchase assets are secured on the assets to which they relate.

THOMAS BROS EXCAVATIONS LTD (REGISTERED NUMBER: 14776818) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

10. | OTHER FINANCIAL COMMITMENTS

| There is a fixed and floating charge over all of the assets of the company in favour of National Westminster Bank Plc.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

THOMAS BROS EXCAVATIONS LTD

The following reproduces the text of the report prepared for the director 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 Director 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 Thomas Bros Excavations Ltd for the year ended 30 June 2025 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Thomas Bros Excavations Ltd in accordance with the terms of our engagement letter dated 1 September 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Thomas Bros Excavations Ltd and state those matters that we have agreed to state to the director of Thomas Bros Excavations Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Thomas Bros Excavations 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 Thomas Bros Excavations Ltd. You consider that Thomas Bros Excavations 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 Thomas Bros Excavations 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.

Essex Abel Ltd

4 Bank Court

Weldon Road

Loughborough

Leicestershire

LE11 5RF

30 October 2025