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REGISTERED NUMBER: 05172343 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| GROUND IMPROVEMENTS LIMITED |

GROUND IMPROVEMENTS LIMITED (REGISTERED NUMBER: 05172343) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Accountants' Report | 7 |

| GROUND IMPROVEMENTS LIMITED |

Company Information

for the Year Ended 31 March 2025

| Director: | M A Stewart

| Secretary: | S Stewart

| Registered office: | Millwood Farm

| Rushyford

| Ferryhill

| Co. Durham

| DL17 0LT

| Registered number: | 05172343 (England and Wales)

| Accountants: | Mitchell Gordon LLP

| 43 Coniscliffe Road

| Darlington

| Co. Durham

| DL3 7EH

GROUND IMPROVEMENTS LIMITED (REGISTERED NUMBER: 05172343) |

Abridged Balance Sheet

31 March 2025

| 31/3/25 | 31/3/24 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 4 | 812,033 |  | 709,112 |  |

Investments | 5 | 71,000 |  | 71,000 |  |

883,033 |  | 780,112 |  |

Current assets

Debtors | 206,153 |  | 100,596 |  |

Cash at bank | 379,858 |  | 383,692 |  |

586,011 |  | 484,288 |  |

Creditors

Amounts falling due within one year | 306,973 |  | 159,117 |  |

Net current assets | 279,038 |  | 325,171 |  |

Total assets less current liabilities | 1,162,071 |  | 1,105,283 |  |

Creditors

Amounts falling due after more than one year | (304 | ) | (372 | ) |

Provisions for liabilities | (144,137 | ) | (120,775 | ) |

Net assets | 1,017,630 |  | 984,136 |  |

Capital and reserves

Called up share capital | 100 |  | 100 |  |

Retained earnings | 1,017,530 |  | 984,036 |  |

Shareholders' funds | 1,017,630 |  | 984,136 |  |

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

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

GROUND IMPROVEMENTS LIMITED (REGISTERED NUMBER: 05172343) |

Abridged Balance Sheet - continued

31 March 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2025 and were signed by:

M A Stewart - Director

GROUND IMPROVEMENTS LIMITED (REGISTERED NUMBER: 05172343) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

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

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The financial statements have been prepared under the going concern basis of accounting.

| Turnover

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

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Leasehold property improvement | - | 20% on reducing balance and not provided

| Plant and machinery | - | At varying rates

| Motor vehicles | - | At varying rates

| Computer equipment | - | 25% on cost

| 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.

| 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

| 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.

GROUND IMPROVEMENTS LIMITED (REGISTERED NUMBER: 05172343) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Grants

| Capital grants receivable are released to the profit and loss account over the useful economic life of the underlying asset.

| Revenue grants receivable are released to the profit and loss account when the corresponding expense has been incurred.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 10 (2024 - 9 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 April 2024 | 1,730,463 |  |

| Additions | 228,646 |  |

| Disposals | (104,588 | ) |

| At 31 March 2025 | 1,854,521 |  |

| DEPRECIATION

| At 1 April 2024 | 1,021,351 |  |

| Charge for year | 106,203 |  |

| Eliminated on disposal | (85,066 | ) |

| At 31 March 2025 | 1,042,488 |  |

| NET BOOK VALUE

| At 31 March 2025 | 812,033 |  |

| At 31 March 2024 | 709,112 |  |

GROUND IMPROVEMENTS LIMITED (REGISTERED NUMBER: 05172343) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS - continued

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

| Totals

£ |

| COST

| At 1 April 2024 | 128,800 |  |

| Transfer to ownership | (128,800 | ) |

| At 31 March 2025 | - |  |

| DEPRECIATION

| At 1 April 2024 | 46,724 |  |

| Transfer to ownership | (46,724 | ) |

| At 31 March 2025 | - |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | 82,076 |  |

5. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 71,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 71,000 |  |

| At 31 March 2024 | 71,000 |  |

Accountants' Report to the Director

on the Unaudited Financial Statements of

Ground Improvements Limited

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 Abridged 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 Ground Improvements Limited for the year ended 31 March 2025 which comprise the Abridged Income Statement, Abridged 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 Ground Improvements Limited in accordance with the terms of our engagement letter dated 16 September 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Ground Improvements Limited and state those matters that we have agreed to state to the director of Ground Improvements Limited 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 Ground Improvements Limited 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 Ground Improvements Limited. You consider that Ground Improvements Limited 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 Ground Improvements Limited. 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.

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

17 November 2025