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REGISTERED NUMBER: 07689965 (England and Wales)

Group Strategic Report, Report of the Directors and

Audited Consolidated Financial Statements for the Year Ended 28 February 2025

for

Tardis Environmental

UK (Holdings) Limited

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Contents of the Consolidated Financial Statements

for the Year Ended 28 February 2025

Page |

Company Information | 1 |

Group Strategic Report | 2 |

Report of the Directors | 3 |

Report of the Independent Auditors | 5 |

Consolidated Income Statement | 9 |

Consolidated Other Comprehensive Income | 10 |

Consolidated Balance Sheet | 11 |

Company Balance Sheet | 12 |

Consolidated Statement of Changes in Equity | 13 |

Company Statement of Changes in Equity | 14 |

Consolidated Cash Flow Statement | 15 |

Notes to the Consolidated Cash Flow Statement | 16 |

Notes to the Consolidated Financial Statements | 17 |

Tardis Environmental

UK (Holdings) Limited

Company Information

for the Year Ended 28 February 2025

| DIRECTORS: | Mr R Boydon

| Mrs K Collier

| Mr C Boydon

| Mr A Boydon

| SECRETARY: | Mrs J Causer

| REGISTERED OFFICE: | Site 4

| Halesfield 21

| Telford

| Shropshire

| TF7 4PA

| REGISTERED NUMBER: | 07689965 (England and Wales)

| AUDITORS: | Lewis Smith & Co.

| Chartered Certified Accountants

| Statutory Auditors

| The Old Doctor's House

| 74 Grange Road

| Dudley

| West Midlands

| DY1 2AW

| BANKERS: | Coutts & Co

| 440 Strand

| London

| WC2R 0QS

| BANKERS: | Hsbc Uk Bank Plc

| The Bridge

| Walsall

| WS1 1LN

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Group Strategic Report

for the Year Ended 28 February 2025

The directors present their strategic report of the company and the group for the year ended 28 February 2025.

The group has continued to perform reasonably through the year ended 28 February 2025. However, sales have fallen slightly by 1.3%, from £34.8m in the previous year to £34.4m this year.

The gross profit achieved by the group has also fallen to from £23.3m to £22.6m. This is due to an increase in costs during the year, in addition to the slight drop in sales.

REVIEW OF BUSINESS

In this year we have have in this period expanded our depots operationally with additions in areas that we intend to grow.

We have also continued investment in new plant and equipment plus additional investment in vehicles to support our operation

Staffing levels have remained steady with no real growth there.

Our product range has been increasing to allow us to offer more on site solutions to customers.

Our aim is to continue to invest and with aggressive sales look to increase our market share moving forward.

We have also purchased new property during the year, both for use and investment.

PRINCIPAL RISKS AND UNCERTAINTIES

As a group, we intend to limit our risks through better management of the key elements of the business, i.e. Employment Law, Health & Safety Law and Transport Law, linked to better training of the workforce.

ON BEHALF OF THE BOARD:

Mr R Boydon - Director

13 November 2025

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Report of the Directors

for the Year Ended 28 February 2025

The directors present their report with the financial statements of the company and the group for the year ended 28 February 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of sanitisation services on construction sites and plant hire.

DIVIDENDS

Interim dividends were paid during the year on each class of share as follows:

Ordinary 0.1p shares |  | £5,005,872 |  |

Ordinary A 0.1p shares |  | £3,921,826 |  |

Ordinary B 0.1p shares |  | £126,838 |  |

Ordinary C 0.1p shares |  | £675,891 |  |

No final dividends are to be paid.

Therefore the total distribution of dividends for the year ended 28 February 2025 will be £9,730,427.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 March 2024 to the date of this report.

Mr R Boydon

Mrs K Collier

Mr C Boydon

Mr A Boydon

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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;

- | 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.

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Report of the Directors

for the Year Ended 28 February 2025

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.

AUDITORS

The auditors, Lewis Smith & Co., will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr R Boydon - Director

13 November 2025

Report of the Independent Auditors to the Members of

Tardis Environmental

UK (Holdings) Limited

Opinion

We have audited the financial statements of Tardis Environmental UK (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 28 February 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 Consolidated Cash Flow Statement, 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 28 February 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 and the Report of the Directors, 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

Tardis Environmental

UK (Holdings) 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 Statement of Directors' Responsibilities set out on page three, 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

Tardis Environmental

UK (Holdings) 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.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit.

We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

- Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the company to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the company audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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

Tardis Environmental

UK (Holdings) 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.

Craig Beale (Senior Statutory Auditor)

for and on behalf of Lewis Smith & Co.

Chartered Certified Accountants

Statutory Auditors

The Old Doctor's House

74 Grange Road

Dudley

West Midlands

DY1 2AW

13 November 2025

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Consolidated Income Statement

for the Year Ended 28 February 2025

| 28.2.25 |  | 29.2.24

| Notes | £ | £ |

TURNOVER | 3 | 34,348,081 |  | 34,826,920 |  |

Cost of sales | 11,745,957 |  | 11,471,457 |  |

GROSS PROFIT | 22,602,124 |  | 23,355,463 |  |

Administrative expenses | 12,422,860 |  | 11,217,238 |  |

10,179,264 |  | 12,138,225 |  |

Other operating income | 185,855 |  | 471,639 |  |

OPERATING PROFIT | 5 | 10,365,119 |  | 12,609,864 |  |

Interest receivable and similar income | 745,007 |  | 414,830 |  |

11,110,126 |  | 13,024,694 |  |

Interest payable and similar expenses | 6 | - |  | 996 |  |

PROFIT BEFORE TAXATION | 11,110,126 |  | 13,023,698 |  |

Tax on profit | 7 | 2,888,566 |  | 2,915,064 |  |

PROFIT FOR THE FINANCIAL YEAR | 8,221,560 |  | 10,108,634 |  |

Profit attributable to:

Owners of the parent | 8,221,560 |  | 10,108,634 |  |

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Consolidated Other Comprehensive Income

for the Year Ended 28 February 2025

| 28.2.25 |  | 29.2.24

| Notes | £ | £ |

PROFIT FOR THE YEAR | 8,221,560 |  | 10,108,634 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 8,221,560 |  | 10,108,634 |  |

Total comprehensive income attributable to:

Owners of the parent | 8,221,560 |  | 10,108,634 |  |

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Consolidated Balance Sheet

28 February 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 13,998,191 |  | 10,391,824 |  |

Investments | 11 | 690,209 |  | 690,209 |  |

Investment property | 12 | 5,847,701 |  | 3,833,060 |  |

20,536,101 |  | 14,915,093 |  |

CURRENT ASSETS

Stocks | 13 | 72,815 |  | 58,798 |  |

Debtors | 14 | 6,970,039 |  | 7,356,719 |  |

Cash at bank and in hand | 12,694,879 |  | 20,601,221 |  |

19,737,733 |  | 28,016,738 |  |

CREDITORS

Amounts falling due within one year | 15 | 2,838,259 |  | 4,080,055 |  |

NET CURRENT ASSETS | 16,899,474 |  | 23,936,683 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 37,435,575 |  | 38,851,776 |  |

PROVISIONS FOR LIABILITIES | 17 | 1,135,145 |  | 1,042,479 |  |

NET ASSETS | 36,300,430 |  | 37,809,297 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 2 |  | 2 |  |

Share premium | 19 | 10,974 |  | 10,974 |  |

Consolidation reserve | 19 | 3,980,341 |  | 3,980,341 |  |

Retained earnings | 19 | 32,309,113 |  | 33,817,980 |  |

SHAREHOLDERS' FUNDS | 36,300,430 |  | 37,809,297 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

Mr R Boydon - Director

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Company Balance Sheet

28 February 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 12,942,506 |  | 8,996,606 |  |

Investments | 11 | 690,211 |  | 690,211 |  |

Investment property | 12 | 5,847,701 |  | 3,833,060 |  |

19,480,418 |  | 13,519,877 |  |

CURRENT ASSETS

Debtors | 14 | 4,419,741 |  | 3,151,017 |  |

Cash at bank | 11,085,402 |  | 19,459,655 |  |

15,505,143 |  | 22,610,672 |  |

CREDITORS

Amounts falling due within one year | 15 | 294,741 |  | 146,899 |  |

NET CURRENT ASSETS | 15,210,402 |  | 22,463,773 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 34,690,820 |  | 35,983,650 |  |

PROVISIONS FOR LIABILITIES | 17 | 944,192 |  | 776,374 |  |

NET ASSETS | 33,746,628 |  | 35,207,276 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 2 |  | 2 |  |

Share premium | 19 | 10,974 |  | 10,974 |  |

Retained earnings | 19 | 33,735,652 |  | 35,196,300 |  |

SHAREHOLDERS' FUNDS | 33,746,628 |  | 35,207,276 |  |

Company's profit for the financial year | 8,269,779 |  | 10,063,965 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mr R Boydon - Director

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Consolidated Statement of Changes in Equity

for the Year Ended 28 February 2025

| Called up |

| share |  | Retained |  | Share |  | Consolidation |  | Total

| capital |  | earnings |  | premium |  | reserve |  | equity

£ | £ | £ | £ | £ |

Balance at 1 March 2023 | 2 |  | 27,866,008 |  | 10,974 |  | 3,980,341 |  | 31,857,325 |  |

Changes in equity

Dividends | - |  | (4,156,662 | ) | - |  | - |  | (4,156,662 | ) |

Total comprehensive income | - |  | 10,108,634 |  | - |  | - |  | 10,108,634 |  |

Balance at 29 February 2024 | 2 |  | 33,817,980 |  | 10,974 |  | 3,980,341 |  | 37,809,297 |  |

Changes in equity

Dividends | - |  | (9,730,427 | ) | - |  | - |  | (9,730,427 | ) |

Total comprehensive income | - |  | 8,221,560 |  | - |  | - |  | 8,221,560 |  |

Balance at 28 February 2025 | 2 |  | 32,309,113 |  | 10,974 |  | 3,980,341 |  | 36,300,430 |  |

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Company Statement of Changes in Equity

for the Year Ended 28 February 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 March 2023 | 2 |  | 29,288,997 |  | 10,974 |  | 29,299,973 |  |

Changes in equity

Dividends | - |  | (4,156,662 | ) | - |  | (4,156,662 | ) |

Total comprehensive income | - |  | 10,063,965 |  | - |  | 10,063,965 |  |

Balance at 29 February 2024 | 2 |  | 35,196,300 |  | 10,974 |  | 35,207,276 |  |

Changes in equity

Dividends | - |  | (9,730,427 | ) | - |  | (9,730,427 | ) |

Total comprehensive income | - |  | 8,269,779 |  | - |  | 8,269,779 |  |

Balance at 28 February 2025 | 2 |  | 33,735,652 |  | 10,974 |  | 33,746,628 |  |

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Consolidated Cash Flow Statement

for the Year Ended 28 February 2025

| 28.2.25 |  | 29.2.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 14,070,904 |  | 13,462,468 |  |

Interest paid | - |  | (996 | ) |

Tax paid | (4,927,317 | ) | (2,332,738 | ) |

Net cash from operating activities | 9,143,587 |  | 11,128,734 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (7,053,518 | ) | (4,110,339 | ) |

Purchase of investment property | (2,014,641 | ) | (1,340,619 | ) |

Sale of tangible fixed assets | 1,014,700 |  | 952,057 |  |

Interest received | 745,007 |  | 414,830 |  |

Net cash from investing activities | (7,308,452 | ) | (4,084,071 | ) |

Cash flows from financing activities

Amount introduced by directors | 65,255 |  | 398,216 |  |

Amount withdrawn by directors | (76,305 | ) | (398,150 | ) |

Equity dividends paid | (9,730,427 | ) | (4,156,662 | ) |

Net cash from financing activities | (9,741,477 | ) | (4,156,596 | ) |

(Decrease)/increase in cash and cash equivalents | (7,906,342 | ) | 2,888,067 |  |

Cash and cash equivalents at beginning of year | 2 | 20,601,221 |  | 17,713,154 |  |

Cash and cash equivalents at end of year | 2 | 12,694,879 |  | 20,601,221 |  |

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Cash Flow Statement

for the Year Ended 28 February 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 28.2.25 |  | 29.2.24

£ | £ |

| Profit before taxation | 11,110,126 |  | 13,023,698 |  |

| Depreciation charges | 3,099,167 |  | 2,112,797 |  |

| Profit on disposal of fixed assets | (666,717 | ) | (347,690 | ) |

| Gain on revaluation of fixed assets | - |  | (361,773 | ) |

| Finance costs | - |  | 996 |  |

| Finance income | (745,007 | ) | (414,830 | ) |

12,797,569 |  | 14,013,198 |  |

| Increase in stocks | (14,017 | ) | (2,762 | ) |

| Decrease/(increase) in trade and other debtors | 911,153 |  | (537,461 | ) |

| Increase/(decrease) in trade and other creditors | 376,199 |  | (10,507 | ) |

| Cash generated from operations | 14,070,904 |  | 13,462,468 |  |

2. | 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 28 February 2025

| 28.2.25 |  | 1.3.24

£ | £ |

| Cash and cash equivalents | 12,694,879 |  | 20,601,221 |  |

| Year ended 29 February 2024

| 29.2.24 |  | 1.3.23

£ | £ |

| Cash and cash equivalents | 20,601,221 |  | 17,713,154 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.3.24 | Cash flow | At 28.2.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 20,601,221 |  | (7,906,342 | ) | 12,694,879 |  |

20,601,221 |  | (7,906,342 | ) | 12,694,879 |  |

| Total | 20,601,221 |  | (7,906,342 | ) | 12,694,879 |  |

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| Tardis Environmental UK (Holdings) 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.

| 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Significant judgements and estimates

| The group does not have any significant judgements or estimates in their accounts.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Rendering of services

| When the outcome of a transaction can be estimated reliably, turnover from the hire of equipment is recognised when the asset is hired in advance for the minimum hire period. Turnover from tank empties and all other services are recognised by reference to the stage of completion at the balance sheet date.

| Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

| Interest and rent received

| Interest income is recognised using the effective interest method. Rent receivable is recognised as the

| company's right to receive payment is established.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Improvements to property | - | 25% on reducing balance and 2% on cost

| Plant and machinery | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Other Investments

| Other investments are measured at cost less impairment.

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are consumable items held over at the end of the year and not goods for resale. Fuel stock is valued at the average cost per litre for the final month of the year multiplied by the litres held at the year end date. Other consumable stock is valued at its purchase price. The total value of stock not considered significant and not to be material in terms of the accounts.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

| 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 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.

| Basic financial instruments

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. The company does not have any other basic financial instruments.

| Investments in subsidiaries

| Investment in subsidiary undertakings are recognised at cost.

| Rental income

| Income is recognised on a straight line basis over the term of the lease.

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 28 February 2025

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the group.

| An analysis of turnover by class of business is given below:

| 28.2.25 |  | 29.2.24

£ | £ |

| Hire and sales of equipment | 34,348,081 |  | 34,826,920 |  |

34,348,081 |  | 34,826,920 |  |

4. | EMPLOYEES AND DIRECTORS

| 28.2.25 |  | 29.2.24

£ | £ |

| Wages and salaries | 7,767,400 |  | 7,231,796 |  |

| Social security costs | 834,763 |  | 773,902 |  |

| Other pension costs | 144,238 |  | 138,801 |  |

8,746,401 |  | 8,144,499 |  |

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

| 28.2.25 |  | 29.2.24

| Directors | 5 |  | 5 |  |

| Admin | 44 |  | 44 |  |

| Direct | 131 |  | 130 |  |

180 |  | 179 |  |

| 28.2.25 |  | 29.2.24

£ | £ |

| Directors' remuneration | 400,442 |  | 400,923 |  |

| Directors' pension contributions to money purchase schemes | 4,461 |  | 4,377 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 4 |  | 4 |  |

| Information regarding the highest paid director is as follows:

| 28.2.25 |  | 29.2.24

£ | £ |

| Emoluments etc | 130,000 |  | 133,600 |  |

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 28 February 2025

5. | OPERATING PROFIT

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Hire of plant and machinery | 359,425 |  | 322,537 |  |

| Other operating leases | 482,829 |  | 629,509 |  |

| Depreciation - owned assets | 3,099,168 |  | 2,112,797 |  |

| Profit on disposal of fixed assets | (666,717 | ) | (347,690 | ) |

| Auditors' remuneration | 17,375 |  | 16,650 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 28.2.25 |  | 29.2.24

£ | £ |

| Interest on late tax payments | - |  | 996 |  |

7. | TAXATION

| Analysis of the tax charge

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Current tax:

| UK corporation tax | 2,725,527 |  | 3,050,918 |  |

| Prior year tax adjustment | 70,373 |  | 3,164 |  |

| Total current tax | 2,795,900 |  | 3,054,082 |  |

| Deferred tax | 92,666 |  | (139,018 | ) |

| Tax on profit | 2,888,566 |  | 2,915,064 |  |

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 28 February 2025

7. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Profit before tax | 11,110,126 |  | 13,023,698 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 24.492 %) | 2,777,532 |  | 3,189,764 |  |

| Effects of:

| Expenses not deductible for tax purposes | 26,800 |  | 11,673 |  |

| Income not taxable for tax purposes | (76,050 | ) | (88,605 | ) |

| Capital allowances in excess of depreciation | (3,093 | ) | (61,201 | ) |

| Utilisation of tax losses | 258 |  | - |  |

| Adjustments to tax charge in respect of previous periods | 70,373 |  | 3,164 |  |

| Deferred tax | 92,665 |  | (139,018 | ) |

| Hybrid tax rate round difference | 81 |  | (713 | ) |

| Total tax charge | 2,888,566 |  | 2,915,064 |  |

8. | INDIVIDUAL INCOME STATEMENT

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

9. | DIVIDENDS

| 28.2.25 |  | 29.2.24

£ | £ |

| Ordinary shares of 0.1p each |

| Interim dividends | 5,005,872 |  | 359,787 |  |

| A Ordinary shares of 0.1p each |

| Interim dividends | 3,921,826 |  | 2,847,722 |  |

| B Ordinary shares of 0.1p each |

| Interim dividends | 126,838 |  | 204,722 |  |

| Ordinary C shares of 0.1p each |

| Interim dividends | 675,891 |  | 744,431 |  |

9,730,427 |  | 4,156,662 |  |

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 28 February 2025

10. | TANGIBLE FIXED ASSETS

| Group

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 March 2024 | 2,063,262 |  | 58,101 |  | 9,210,072 |  |

| Additions | 1,605,420 |  | 23,941 |  | 2,417,648 |  |

| Disposals | - |  | - |  | (266,995 | ) |

| At 28 February 2025 | 3,668,682 |  | 82,042 |  | 11,360,725 |  |

| DEPRECIATION

| At 1 March 2024 | 46,558 |  | 19,870 |  | 5,343,340 |  |

| Charge for year | 14,674 |  | 1,685 |  | 1,528,179 |  |

| Eliminated on disposal | - |  | - |  | (92,409 | ) |

| At 28 February 2025 | 61,232 |  | 21,555 |  | 6,779,110 |  |

| NET BOOK VALUE

| At 28 February 2025 | 3,607,450 |  | 60,487 |  | 4,581,615 |  |

| At 29 February 2024 | 2,016,704 |  | 38,231 |  | 3,866,732 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 March 2024 | 8,849,530 |  | 364,328 |  | 20,545,293 |  |

| Additions | 2,981,362 |  | 25,147 |  | 7,053,518 |  |

| Disposals | (620,279 | ) | (253,184 | ) | (1,140,458 | ) |

| At 28 February 2025 | 11,210,613 |  | 136,291 |  | 26,458,353 |  |

| DEPRECIATION

| At 1 March 2024 | 4,426,886 |  | 316,815 |  | 10,153,469 |  |

| Charge for year | 1,526,891 |  | 27,739 |  | 3,099,168 |  |

| Eliminated on disposal | (446,882 | ) | (253,184 | ) | (792,475 | ) |

| At 28 February 2025 | 5,506,895 |  | 91,370 |  | 12,460,162 |  |

| NET BOOK VALUE

| At 28 February 2025 | 5,703,718 |  | 44,921 |  | 13,998,191 |  |

| At 29 February 2024 | 4,422,644 |  | 47,513 |  | 10,391,824 |  |

| The carrying amount at the end of the report period of investment property rented to a group company is £1,513,664.

| No depreciation is provided on land as the directors believe their value to be in excess of cost.

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 28 February 2025

10. | TANGIBLE FIXED ASSETS - continued

| Company

| Improvements |

| Freehold |  | to |  | Plant and |  | Motor |

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

£ | £ | £ | £ | £ |

| COST

| At 1 March 2024 | 2,063,262 |  | 36,315 |  | 8,319,911 |  | 7,169,325 |  | 17,588,813 |  |

| Additions | 1,605,420 |  | 23,941 |  | 2,417,648 |  | 2,981,361 |  | 7,028,370 |  |

| Disposals | - |  | - |  | (266,995 | ) | (620,279 | ) | (887,274 | ) |

| At 28 February 2025 | 3,668,682 |  | 60,256 |  | 10,470,564 |  | 9,530,407 |  | 23,729,909 |  |

| DEPRECIATION

| At 1 March 2024 | 46,558 |  | - |  | 4,951,309 |  | 3,594,340 |  | 8,592,207 |  |

| Charge for year | 14,674 |  | 1,205 |  | 1,403,639 |  | 1,314,969 |  | 2,734,487 |  |

| Eliminated on disposal | - |  | - |  | (92,409 | ) | (446,882 | ) | (539,291 | ) |

| At 28 February 2025 | 61,232 |  | 1,205 |  | 6,262,539 |  | 4,462,427 |  | 10,787,403 |  |

| NET BOOK VALUE

| At 28 February 2025 | 3,607,450 |  | 59,051 |  | 4,208,025 |  | 5,067,980 |  | 12,942,506 |  |

| At 29 February 2024 | 2,016,704 |  | 36,315 |  | 3,368,602 |  | 3,574,985 |  | 8,996,606 |  |

11. | FIXED ASSET INVESTMENTS

| Group |  | Company |

| 28.2.25 |  | 29.2.24 |  | 28.2.25 |  | 29.2.24 |

£ | £ | £ | £ |

| Shares in group undertakings | - |  | - |  | 2 |  | 2 |  |

| Other investments not loans | 690,209 |  | 690,209 |  | 690,209 |  | 690,209 |  |

690,209 |  | 690,209 |  | 690,211 |  | 690,211 |  |

| Additional information is as follows:

| Group

| Investments (neither listed nor unlisted) were as follows:

| 28.2.25 |  | 29.2.24

£ | £ |

| Classic car fleet cost | 690,209 |  | 690,209 |  |

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 28 February 2025

11. | FIXED ASSET INVESTMENTS - continued

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 2 |  |

| NET BOOK VALUE

| At 28 February 2025 | 2 |  |

| At 29 February 2024 | 2 |  |

| Investments (neither listed nor unlisted) were as follows:

| 28.2.25 |  | 29.2.24

£ | £ |

| Classic car fleet cost | 690,209 |  | 690,209 |  |

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

| Subsidiaries

| Tardis Environmental UK Limited

| Registered office: Site 4, Halesfield 21, Telford, Shropshire, TF7 4PA, England.

| Nature of business: Sanitisation services on construction sites.

| %

| Class of shares: | holding |

| Ordinary £1 shares | 100.00 |

| Ordinary £1 A & B shares | 100.00 |

| 28.2.25 |  | 29.2.24

£ | £ |

| Aggregate capital and reserves | 2,539,244 |  | 2,536,435 |  |

| Profit for the year | 8,392,809 |  | 9,277,224 |  |

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 28 February 2025

11. | FIXED ASSET INVESTMENTS - continued

| Tardis Install Limited

| Registered office: Site 4, Halesfield 21, Telford, Shropshire, TF7 4PA, England.

| Nature of business: Construction of Utility Projects

| %

| Class of shares: | holding |

| Ordinary £0.01 shares | 100.00 |

| 28.2.25 |  | 29.2.24

£ | £ |

| Aggregate capital and reserves | 14,559 |  | 65,588 |  |

| (Loss)/profit for the year | (1,323 | ) | 17,445 |  |

| The subsidiary is exempt from the requirements of the Companies Act 2006 relating to the audit of its individual accounts by virtue of section 479A.

| The directors believe that the original cost of fixed asset investments remains representative of their value in the accounts.

12. | INVESTMENT PROPERTY

| Group

| Total

£ |

| FAIR VALUE

| At 1 March 2024 | 3,833,060 |  |

| Additions | 2,014,641 |  |

| At 28 February 2025 | 5,847,701 |  |

| NET BOOK VALUE

| At 28 February 2025 | 5,847,701 |  |

| At 29 February 2024 | 3,833,060 |  |

| Fair value at 28 February 2025 is represented by:

£ |

| Valuation in 2024 | 361,772 |  |

| Cost | 5,485,929 |  |

5,847,701 |  |

| During the previous year the investment properties were revalued by the directors to reflect fair value of the properties. The fair value was based on the open market value of the investment properties. The directors consider their has been no significant change to theses valuations in the current year.

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 28 February 2025

12. | INVESTMENT PROPERTY - continued

| Company

| Total

£ |

| FAIR VALUE

| At 1 March 2024 | 3,833,060 |  |

| Additions | 2,014,641 |  |

| At 28 February 2025 | 5,847,701 |  |

| NET BOOK VALUE

| At 28 February 2025 | 5,847,701 |  |

| At 29 February 2024 | 3,833,060 |  |

| Fair value at 28 February 2025 is represented by:

£ |

| Valuation in 2024 | 361,772 |  |

| Cost | 5,485,929 |  |

5,847,701 |  |

| During the previous year the investment properties were revalued by the directors to reflect fair value of the properties. The fair value was based on the open market value of the investment properties. The directors consider their has been no significant change to theses valuations in the current year.

13. | STOCKS

| Group |

| 28.2.25 |  | 29.2.24 |

£ | £ |

| Stocks | 72,815 |  | 58,798 |  |

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

| Group |  | Company |

| 28.2.25 |  | 29.2.24 |  | 28.2.25 |  | 29.2.24 |

£ | £ | £ | £ |

| Trade debtors | 5,894,338 |  | 5,396,145 |  | 20,149 |  | 32,685 |  |

| Amounts owed by group undertakings | - |  | - |  | 3,952,615 |  | 1,150,092 |  |

| Other debtors | 75,907 |  | 1,814,151 |  | 10,165 |  | 1,757,525 |  |

| Tax | 524,473 |  | - |  | - |  | - |  |

| VAT | - |  | - |  | 112,074 |  | 204,140 |  |

| Prepayments and accrued income | 475,321 |  | 146,423 |  | 324,738 |  | 6,575 |  |

6,970,039 |  | 7,356,719 |  | 4,419,741 |  | 3,151,017 |  |

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 28 February 2025

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

| Group |  | Company |

| 28.2.25 |  | 29.2.24 |  | 28.2.25 |  | 29.2.24 |

£ | £ | £ | £ |

| Trade creditors | 1,659,480 |  | 1,478,091 |  | 211,355 |  | 50,930 |  |

| Tax | - |  | 1,606,944 |  | - |  | - |  |

| Social security and other taxes | 192,533 |  | 136,490 |  | 16,574 |  | 13,899 |  |

| VAT | 573,175 |  | 438,392 |  | - |  | - |  |

| Other creditors | 191,693 |  | 310,279 |  | 45,021 |  | 49,683 |  |

| Directors' current accounts | 12,596 |  | 23,647 |  | 12,596 |  | 23,647 |  |

| Accruals and deferred income | 208,782 |  | 86,212 |  | 9,195 |  | 8,740 |  |

2,838,259 |  | 4,080,055 |  | 294,741 |  | 146,899 |  |

16. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Non-cancellable |

| operating leases |

| 28.2.25 |  | 29.2.24

£ | £ |

| Within one year | 353,700 |  | 481,313 |  |

| Between one and five years | 745,358 |  | 976,558 |  |

| In more than five years | 129,750 |  | 201,250 |  |

1,228,808 |  | 1,659,121 |  |

| At the year end the company had contracts in place with tenants under lease contracts. The minimum lease payments due to the company were as follows:

|  | 28.2.25 |  | 29.2.24 |  |

| £ |  | £ |  |

| Within one year |  | 68,706 |  | 63,780 |  |

| Between one and five years |  | - |  | 90,440 |  |

| In more than five years |  | - |  | - |  |

|  | 68,706 |  | 154,220 |  |

| After the year end the investment properties were transferred to a new company therefore it is considered there were no commitments at the year end for this relating too this company.

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 28 February 2025

16. | LEASING AGREEMENTS - continued

| Company

| Non-cancellable |

| operating leases |

| 28.2.25 |  | 29.2.24

£ | £ |

17. | PROVISIONS FOR LIABILITIES

| Group |  | Company |

| 28.2.25 |  | 29.2.24 |  | 28.2.25 |  | 29.2.24 |

£ | £ | £ | £ |

| Deferred tax | 1,135,145 |  | 1,042,479 |  | 944,192 |  | 776,374 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 March 2024 | 1,042,479 |  |

| Accelerated capital allowances | 2,223 |  |

| Property revaluations | 90,443 |  |

| Balance at 28 February 2025 | 1,135,145 |  |

| Company

| Deferred |

| tax |

£ |

| Balance at 1 March 2024 | 776,374 |  |

| Accelerated capital allowances | 77,375 |  |

| Property revaluations | 90,443 |  |

| Balance at 28 February 2025 | 944,192 |  |

| Deferred tax provision, relate wholly to accelerated capital allowances.

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 28 February 2025

18. | CALLED UP SHARE CAPITAL

| Alloted, issues and fully paid: |  | Class: |  | Nominal Value: |  | 28.2.25 |  | 29.2.24 |

| Number: |  |

| 1,780 |  | Ordinary |  | 0.1p | 1.78 |  | 1.78 |

| 200 |  | A Ordinary |  | 0.1p | 0.20 |  | 0.20 |

| 20 |  | B Ordinary |  | 0.1p | 0.02 |  | 0.02 |

| 5 |  | C Ordinary |  | 0.1p | 0.50 |  | 0.50 |

|  | 2.05 | 2.05 |

19. | RESERVES

| Group

| Retained |  | Share |  | Consolidation |

| earnings |  | premium |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 March 2024 | 33,817,980 |  | 10,974 |  | 3,980,341 |  | 37,809,295 |  |

| Profit for the year | 8,221,560 |  | - |  | - |  | 8,221,560 |  |

| Dividends | (9,730,427 | ) | - |  | - |  | (9,730,427 | ) |

| At 28 February 2025 | 32,309,113 |  | 10,974 |  | 3,980,341 |  | 36,300,428 |  |

| Company

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 March 2024 | 35,196,300 |  | 10,974 |  | 35,207,274 |  |

| Profit for the year | 8,269,779 |  | - |  | 8,269,779 |  |

| Dividends | (9,730,427 | ) | - |  | (9,730,427 | ) |

| At 28 February 2025 | 33,735,652 |  | 10,974 |  | 33,746,626 |  |

| Within retained profits includes a non distributable revaluation reserve of £271,329, net of tax.

20. | ULTIMATE PARENT COMPANY

| After the year end, there was a group restructure with the new parent company being Tardis Environmental Holdings Limited.

21. | RELATED PARTY DISCLOSURES

Tardis Environmental

UK (Holdings) Limited (Registered number: 07689965)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 28 February 2025

21. | RELATED PARTY DISCLOSURES - continued

| Key management personnel of the entity or its parent (in the aggregate)

| 28.2.25 |  | 29.2.24

£ | £ |

| Dividends paid | 5,005,872 |  | 564,509 |  |

| Amount due to related party | 43,500 |  | 43,500 |  |

| Other related parties

| 28.2.25 |  | 29.2.24

£ | £ |

| Dividends paid (a discretionary trust of the directors and family members) | 3,921,825 |  | 2,847,722 |  |

| Key Management Personnel are deemed to be C Boydon, R Boydon and A Boydon, due to their control and involvement in day to day activities.

22. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party, at the year end is Mr C Boydon.