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REGISTERED NUMBER: 10021599 (England and Wales)

| Strategic Report, Report of the Directors and |

| Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Mansfield Interior Solutions Limited |

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Profit and Loss Account | 9 |

| Balance Sheet | 10 |

| Statement of Changes in Equity | 11 |

| Notes to the Financial Statements | 12 |

| Mansfield Interior Solutions Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | D F Dickson

| J M Warman

| REGISTERED OFFICE: | Unit 2b

| Sherwood Oaks Close

| Sherwood Oaks Business Park

| Mansfield

| Nottinghamshire

| NG18 4TB

| REGISTERED NUMBER: | 10021599 (England and Wales)

| AUDITORS: | Bates Weston Audit Ltd

| Statutory Auditors

| Chartered Accountants

| The Mills

| Canal Street

| Derby

| DE1 2RJ

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Strategic Report

for the Year Ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

The last 12 months has continued the trend of profitable growth. Our unique positioning as a passive fire protection specialist with considerable experience as a principal contractor continues to be the main enabler to this growth.

As mentioned in previous strategic reports, our people are everything and our desire to reward them for their contribution has allowed us to maintain exceptionally high retention rates and attract new talent.

Key Performance Indicators

The company uses a number of key performance indicators to track our performance and assist us in remaining responsive to any changes in market conditions. This enables us to achieve our short and long term aspirations for the company.

The key indicators for the period are as follows:

| 31/03/2025 |  |  | 31/03/2024 |

| £ |  |  | £ |

Turnover |  | 22,613,503 |  |  | 13,958,282 |

Gross profit |  | 14,300,596 |  |  | 8,584,496 |

Profit before tax |  | 5,233,924 |  |  | 5,120,900 |

PRINCIPAL RISKS AND UNCERTAINTIES

Our ability to identify and effectively manage risk is a vital part of our continued success. Control measures and strategies to reduce the impact of risk are agreed as a Board and implemented where possible. The directors have identified the following key business risks that could have a material impact on the company's future performance along with the controls in place to manage said risk:

Health and safety risk: as a contractor involved in construction operations, our activities are potentially hazardous. Failure to m anage this risk could result in injury to employees, subcontractors, or members of the public. This could expo se the company to significant potential liability and reputational damage. Health and safety is our number on e priority and we have clear and comprehensive processes in place, accredited to BS EN ISO 45001, to minimi se such risks. We constantly review and monitor our safety performance and adopt a policy of continuous improvement to actively reduce the risk.

Financial risk: the company's, and its associated companies', principal financial instruments comprise the operational ban k accounts and short-term deposit accounts. The directors have maintained a conservative approach to div idends coupled with excellent financial control to ensure that cash reserves remain suitable for the continued g rowth of the company without the need for potentially expensive external financing.

Market risk: the UK economy continues to remain somewhat stagnant with low growth and in the construction industry, this has the potential of causing a downward pressure on tender prices and reduced margins. Our focus on the specialist area of fire safety minimises this risk along with shrewd decisions as to which refurbi shment and regeneration projects to focus on.

Inflation risk: inflation on both wages and construction materials has improved from last year but still remains high. Ca reful procurement of materials and the short average duration of our projects allows us to avoid inflationa ry pressures on the cost of projects versus their estimated cost.

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Strategic Report

for the Year Ended 31 March 2025

Workforce and supply chain risk: the construction industry continues to have a shortage of skilled labour. The training and development of our staff enables us to attract high calibre candidates. By treating our supply chain fairly, we can ensure exce llent working relationships, ensuring continuity of resources.

Credit risk: our credit worthiness has the potential to affect our lines of credit with our supply chain. Our credit worthi ness is regularly checked and action taken where necessary. Good fiscal management and profitability maximise our credit score.

ORGANISATION

The directors continue to monitor the company's organisation and profitability within a competitive industry. Changes are implemented where deemed appropriate in order to minimise the effects of the risks and uncertainties the company faces.

ON BEHALF OF THE BOARD:

J M Warman - Director

3 November 2025

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Report of the Directors

for the Year Ended 31 March 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of building contracting with a specialism in passive fire protection focussing on remedial fire and refurbishment projects.

DIVIDENDS

Interim dividends per share were paid during the year as follows:

Ordinary |  | - £5,142.86 |  | 23/05/2024 |

Ordinary |  | - £1,000 |  | 05/07/2024 |

Ordinary |  | - £1,071.43 |  | 18/09/2024 |

Ordinary |  | - £500 |  | 28/11/2024 |

Ordinary |  | - £1,071.43 |  | 07/01/2025 |

Ordinary |  | - £10,178.57 |  | 20/01/2025 |

The total distribution of dividends for the period ended 31 March 2025 will be £2,655,000.

DIRECTORS

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

D F Dickson

J M Warman

Other changes in directors holding office are as follows:

A M Burns - resigned 24 May 2024

FINANCIAL INSTRUMENTS AND RISK MANAGEMENT

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

The company's financial assets and liabilities consist of trade debtors, trade creditors and cash balances.

The directors manage the company's exposure to financial risk by researching the credit worthiness of customers and by seeking advice from the company's external financial advisers.

The company does not trade in foreign currencies.

The company does not trade speculatively in derivatives or similar instruments.

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Report of the Directors

for the Year Ended 31 March 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 the 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 of the profit or loss of the company 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; and |

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

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 company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

J M Warman - Director

3 November 2025

Report of the Independent Auditors to the Members of

Mansfield Interior Solutions Limited

Opinion

We have audited the financial statements of Mansfield Interior Solutions Limited (the 'company') for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity 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 company's affairs as at 31 March 2025 and of its 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 company 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 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 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.

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 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 Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Mansfield Interior Solutions Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

- | the 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 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 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 company or to cease operations, or have no realistic alternative but to do so.

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.

Based on our understanding of the company and industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the construction industry and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. Audit procedures performed by the engagement team included:

- Enquiry of management around actual and potential litigation and claims;

- Reviewing financial statement disclosures and testing to supporting documentation to assess

compliance with applicable laws and regulations;

- Performing audit work over the risk of management override of controls, including testing of journal

entries and other adjustments for appropriateness, evaluating the business rationale of significant

transactions outside the normal course of business and reviewing accounting estimates for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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

Mansfield Interior Solutions 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.

Wayne Thomas FCA (Senior Statutory Auditor)

for and on behalf of Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

11 November 2025

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Profit and Loss Account

for the Year Ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 22,613,503 |  | 13,958,282 |  |

Cost of sales | 8,312,907 |  | 5,373,786 |  |

GROSS PROFIT | 14,300,596 |  | 8,584,496 |  |

Administrative expenses | 9,146,393 |  | 3,484,551 |  |

5,154,203 |  | 5,099,945 |  |

Other operating income | 6,000 |  | - |  |

OPERATING PROFIT | 5 | 5,160,203 |  | 5,099,945 |  |

Interest receivable and similar income | 73,721 |  | 26,981 |  |

5,233,924 |  | 5,126,926 |  |

Interest payable and similar expenses | 7 | - |  | 6,026 |  |

PROFIT BEFORE TAXATION | 5,233,924 |  | 5,120,900 |  |

Tax on profit | 8 | 2,127,231 |  | 1,162,524 |  |

PROFIT FOR THE FINANCIAL YEAR | 3,106,693 |  | 3,958,376 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 3,106,693 |  | 3,958,376 |  |

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 1,239,941 |  | 1,213,231 |  |

Investments | 11 | 100 |  | 100 |  |

Investment property | 12 | 334,860 |  | - |  |

1,574,901 |  | 1,213,331 |  |

CURRENT ASSETS

Stocks | 13 | - |  | 474,048 |  |

Debtors | 14 | 3,753,971 |  | 4,614,158 |  |

Cash at bank | 3,814,276 |  | 2,374,484 |  |

7,568,247 |  | 7,462,690 |  |

CREDITORS

Amounts falling due within one year | 15 | 3,857,807 |  | 3,834,246 |  |

NET CURRENT ASSETS | 3,710,440 |  | 3,628,444 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,285,341 |  | 4,841,775 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (570 | ) | (4,276 | ) |

PROVISIONS FOR LIABILITIES | 19 | (58,013 | ) | (62,434 | ) |

NET ASSETS | 5,226,758 |  | 4,775,065 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 140 |  | 140 |  |

Retained earnings | 21 | 5,226,618 |  | 4,774,925 |  |

SHAREHOLDERS' FUNDS | 5,226,758 |  | 4,775,065 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2025 and were signed on its behalf by:

J M Warman - Director

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Statement of Changes in Equity

for the Year Ended 31 March 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 April 2023 | 140 |  | 4,180,625 |  | 4,180,765 |  |

Changes in equity

Dividends | - |  | (3,364,076 | ) | (3,364,076 | ) |

Total comprehensive income | - |  | 3,958,376 |  | 3,958,376 |  |

Balance at 31 March 2024 | 140 |  | 4,774,925 |  | 4,775,065 |  |

Changes in equity

Dividends | - |  | (2,655,000 | ) | (2,655,000 | ) |

Total comprehensive income | - |  | 3,106,693 |  | 3,106,693 |  |

Balance at 31 March 2025 | 140 |  | 5,226,618 |  | 5,226,758 |  |

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Mansfield Interior Solutions 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.

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.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows.

| Preparation of consolidated financial statements

| The financial statements contain information about Mansfield Interior Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.

| Tangible fixed assets

| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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

| Freehold property |  | - 2% on cost |  |

| Motor vehicles |  | - 33% straight line |  |

| Computer equipment |  | - 15% reducing balance |  |

| Land included within Freehold property is not depreciated.

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

| Investments in subsidiaries

| Fixed asset investments are stated at cost less provisions for permanent diminution in valuations. Cost includes attributable expenses associated with the purchase of the investment.

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Stocks

| Work in progress is valued at the lower of cost and net realisable value. Net realisable value is based on the estimated selling price less further costs to be incurred to completion.

| Deferred tax

| Deferred tax arises from timing differences that are differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

| A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

| Provision is made at current rates for taxation deferred in respect of all material timing differences.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investment with original maturities of three months or less.

| 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 defined contribution plans for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

| Share capital

| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

| Related parties

| The company is a wholly owned subsidiary undertaking of Miller Knight Group Limited. The company has taken advantage of the exemption contained within Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of this group, other than as normally disclosed in the notes to the financial statements.

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Judgements in applying accounting policies and key sources of estimation

| In the application of the company's accounting policies the directors are required to make judgement estimates and assumptions about the carrying amounts of the company's assets and liabilities. These are based on historical experience and other factors that are considered relevant and are reviewed on a regular basis and recognised in the period in which the estimate is revised. Actual results may differ from these estimates.

| The following are the critical judgements and where relevant the key sources of estimation uncertainty:

| Tangible fixed assets are depreciated over their useful economic lives taking in to account their residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken in to account. Residual values consider such things as future market conditions, the remaining life of the asset and projected disposal values.

| The recoverability of debtors is assessed on the likelihood and circumstances of the particular cost.

| Long term contracts are those extending in excess of 12 months and any of a shorter duration which are material to the activity of the period. Attributable profit is recognised once the outcome of a long term contract can be assessed with reasonable certainty. Attributable profit is recognised on the cost percentage completion method. Immediate provision is made for all foreseeable losses if a contract is assessed as unprofitable.

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 4,448,776 |  | 2,537,730 |  |

| Social security costs | 466,655 |  | 249,863 |  |

| Other pension costs | 66,955 |  | 43,980 |  |

4,982,386 |  | 2,831,573 |  |

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

| 2025 |  | 2024

| Directors | 2 |  | 3 |  |

| Management | 5 |  | 5 |  |

| Administration | 57 |  | 39 |  |

64 |  | 47 |  |

4. | DIRECTORS' EMOLUMENTS

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 18,336 |  | 25,266 |  |

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 198,970 |  | 97,152 |  |

| Depreciation - assets on hire purchase contracts | 5,836 |  | 16,331 |  |

| Auditors' remuneration | 17,000 |  | 13,125 |  |

| Auditors' remuneration for non audit work | 3,000 |  | 4,375 |  |

| Operating lease payments | 248,209 |  | 132,047 |  |

6. | EXCEPTIONAL ITEMS

| 2025 |  | 2024

£ | £ |

| Related party loan write off | (3,210,205 | ) | - |  |

| Related party loan write off represents intercompany loan balances being released as part of the group restructure.

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | - |  | 6,026 |  |

8. | TAXATION

| Analysis of the tax charge

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

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 2,132,000 |  | 1,132,000 |  |

| Prior year adjustment | (348 | ) | - |  |

| Total current tax | 2,131,652 |  | 1,132,000 |  |

| Deferred tax | (4,421 | ) | 30,524 |  |

| Tax on profit | 2,127,231 |  | 1,162,524 |  |

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

8. | 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:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 5,233,924 |  | 5,120,900 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 1,308,481 |  | 1,280,225 |  |

| Effects of:

| Expenses not deductible for tax purposes | 818,750 |  | (117,701 | ) |

| Total tax charge | 2,127,231 |  | 1,162,524 |  |

9. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each

| Interim | 2,655,000 |  | 3,364,076 |  |

10. | TANGIBLE FIXED ASSETS

| Freehold |  | Motor |  | Computer |

| property |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 1,001,225 |  | 520,477 |  | 11,019 |  | 1,532,721 |  |

| Additions | - |  | 231,516 |  | - |  | 231,516 |  |

| Disposals | - |  | (29,418 | ) | - |  | (29,418 | ) |

| At 31 March 2025 | 1,001,225 |  | 722,575 |  | 11,019 |  | 1,734,819 |  |

| DEPRECIATION

| At 1 April 2024 | 37,731 |  | 270,740 |  | 11,019 |  | 319,490 |  |

| Charge for year | 18,866 |  | 185,940 |  | - |  | 204,806 |  |

| Eliminated on disposal | - |  | (29,418 | ) | - |  | (29,418 | ) |

| At 31 March 2025 | 56,597 |  | 427,262 |  | 11,019 |  | 494,878 |  |

| NET BOOK VALUE

| At 31 March 2025 | 944,628 |  | 295,313 |  | - |  | 1,239,941 |  |

| At 31 March 2024 | 963,494 |  | 249,737 |  | - |  | 1,213,231 |  |

| Included in the cost of freehold property is freehold land of £600,000 (2024 - £600,000) which is not depreciated.

| The net book value of tangible fixed assets includes £Nil (2024 - £5,836) in respect of assets held under hire purchase contracts.

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

11. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 100 |  |

| NET BOOK VALUE

| At 31 March 2025 | 100 |  |

| At 31 March 2024 | 100 |  |

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

| Miller Knight Investments Ltd

| Registered office: Unit 2b Sherwood Oaks Close, Sherwood Oaks Business Park, Mansfield, England, NG18 4TB

| Nature of business: Dormant

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

12. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| Additions | 334,860 |  |

| At 31 March 2025 | 334,860 |  |

| NET BOOK VALUE

| At 31 March 2025 | 334,860 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 334,860 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

|  | 2025 |  |  | 2024 |  |

| £ |  |  | £ |  |

| Cost |  | 334,860 |  |  | - |  |

| Aggregate depreciation |  | (3,049 | ) |  | - |  |

| The investment property totalling £334,860 was valued on a fair value basis by the directors at 31 March 2025.

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

13. | STOCKS

2025 | 2024 |

£ | £ |

| Work-in-progress | - |  | 474,048 |  |

14. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 2,885,143 |  | 3,318,740 |  |

| Other debtors | 156,784 |  | 152,905 |  |

| Directors' current accounts | 281,184 |  | 4,681 |  |

| Prepayments | 336,514 |  | 266,497 |  |

| Owed by related parties | 50,000 |  | 871,335 |  |

3,709,625 |  | 4,614,158 |  |

| Amounts falling due after more than one year:

| Tax | 44,346 |  | - |  |

| Aggregate amounts | 3,753,971 |  | 4,614,158 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 17) | 3,460 |  | 10,224 |  |

| Trade creditors | 1,060,682 |  | 571,948 |  |

| Tax | 394,662 |  | 632,000 |  |

| Social security and other taxes | 131,458 |  | 143,114 |  |

| Owed to group undertakings | 1,513,425 |  | 2,401,100 |  |

| Directors' current accounts | 210 |  | 420 |  |

| Accrued expenses | 753,910 |  | 75,440 |  |

3,857,807 |  | 3,834,246 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 17) | 570 |  | 4,276 |  |

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

17. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 3,460 |  | 10,224 |  |

| Between one and five years | 570 |  | 4,276 |  |

4,030 |  | 14,500 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 224,648 |  | 120,922 |  |

| Between one and five years | 362,038 |  | 201,861 |  |

586,686 |  | 322,783 |  |

18. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 4,030 |  | 14,500 |  |

| Hire purchase balances are secured on the assets to which they relate.

19. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 58,013 |  | 62,434 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 62,434 |  |

| Utilised during year | (4,421 | ) |

| Balance at 31 March 2025 | 58,013 |  |

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 140 | Ordinary | £1 | 140 |  | 140 |  |

| Mansfield Interior Solutions Limited (Registered number: 10021599) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

21. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2024 | 4,774,925 |  |

| Profit for the year | 3,106,693 |  |

| Dividends | (2,655,000 | ) |

| At 31 March 2025 | 5,226,618 |  |

22. | ULTIMATE PARENT COMPANY

| The company's immediate parent undertaking is Miller Knight Group Holdings Limited, and ultimate parent undertaking is Miller Knight Group Limited, which prepares group financial statements. The registered office of both Miller Knight Group Holdings Limited and Miller Knight Group Limited is Unit 2b, Sherwood Oaks Close, Sherwood Oaks Business Park, Mansfield, England, NG18 4TB. Copies of the consolidated financial statements of Miller Knight Group Ltd are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.

23. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The directors maintain loan accounts with the company. At the balance sheet date, the amount owing from/to the directors is shown in the debtors and creditors notes. Interest was charged on the debtor balance, and the balances are repayable on demand.

24. | RELATED PARTY DISCLOSURES

| The company trades with a company which was controlled by the directors during the year. Included within debtors is a balance owed from this company of £Nil (2024 - £871,335). Sales during the year totalled £665,000 (2024 - £Nil).

25. | EMPLOYEE BENEFITS

| Included within the notes to the financial statements are payments to the defined contribution pension scheme.