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REGISTERED NUMBER: 08110569 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| AMULET ASSOCIATES LTD |

| AMULET ASSOCIATES LTD (REGISTERED NUMBER: 08110569) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| AMULET ASSOCIATES LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | Mr A G Connolly

| Mr M Steinbergs

| Mrs S Connolly

| Mrs E Steinbergs

| REGISTERED OFFICE: | 1 & 2 Mercia Business Village

| Torwood Close

| Westwood Business Park

| Coventry

| West Midlands

| CV4 8HX

| REGISTERED NUMBER: | 08110569 (England and Wales)

| ACCOUNTANTS: | Armstrongs

| Chartered Accountants and Tax Advisers

| 1 & 2 Mercia Village

| Torwood Close

| Westwood Business Park

| Coventry

| West Midlands

| CV4 8HX

| AMULET ASSOCIATES LTD (REGISTERED NUMBER: 08110569) |

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 3,054,033 |  |

CURRENT ASSETS

Debtors | 5 | 670,900 |  | 534,314 |  |

Cash at bank | 4,278,016 |  | 76,242 |  |

4,948,916 |  | 610,556 |  |

CREDITORS

Amounts falling due within one year | 6 | 583,092 |  | 474,764 |  |

NET CURRENT ASSETS | 4,365,824 |  | 135,792 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,365,824 |  | 3,189,825 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | 992,270 |  |

NET ASSETS | 4,365,824 |  | 2,197,555 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 9 | 4,365,724 |  | 2,197,455 |  |

SHAREHOLDERS' FUNDS | 4,365,824 |  | 2,197,555 |  |

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 directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| AMULET ASSOCIATES LTD (REGISTERED NUMBER: 08110569) |

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

Mr A G Connolly - Director

| AMULET ASSOCIATES LTD (REGISTERED NUMBER: 08110569) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

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

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

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

| Tangible fixed assets

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

| Land and buildings | - | 2% on cost (only on Buildings)

| Plant and machinery etc | - | 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

| AMULET ASSOCIATES LTD (REGISTERED NUMBER: 08110569) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 3,419,636 |  | 97,481 |  | 3,517,117 |  |

| Disposals | (3,419,636 | ) | - |  | (3,419,636 | ) |

| At 31 March 2025 | - |  | 97,481 |  | 97,481 |  |

| DEPRECIATION

| At 1 April 2024 | 365,603 |  | 97,481 |  | 463,084 |  |

| Eliminated on disposal | (365,603 | ) | - |  | (365,603 | ) |

| At 31 March 2025 | - |  | 97,481 |  | 97,481 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | - |  | - |  |

| At 31 March 2024 | 3,054,033 |  | - |  | 3,054,033 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 26,909 |  |

| Other debtors | 670,900 |  | 507,405 |  |

670,900 |  | 534,314 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 8) | - |  | 120,880 |  |

| Taxation and social security | 556,519 |  | 229,184 |  |

| Other creditors | 26,573 |  | 124,700 |  |

583,092 |  | 474,764 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans (see note 8) | - |  | 992,270 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 646,637 |  |

| AMULET ASSOCIATES LTD (REGISTERED NUMBER: 08110569) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

8. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | - |  | 120,880 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | - |  | 131,737 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 213,896 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 646,637 |  |

| There were 6 charges registered with the Registrar of Companies in January, 2016 with the person entitled to the charge in each case being the Bank of Cyprus. There were a further 2 charges registered in June, 2017 with the person entitled to the charge in each case being the Bank of Cyprus.

9. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2024 | 2,197,455 |  |

| Profit for the year | 2,168,269 |  |

| At 31 March 2025 | 4,365,724 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025 | 2024 |

£ | £ |

| Mr A G Connolly and Mrs S Connolly

| Balance outstanding at start of year | 178,518 |  | 85,697 |  |

| Amounts advanced | 110,257 |  | 96,354 |  |

| Amounts repaid | - |  | (3,533 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 288,775 |  | 178,518 |  |

| AMULET ASSOCIATES LTD (REGISTERED NUMBER: 08110569) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

| Mr M Steinbergs and Mrs E Steinbergs

| Balance outstanding at start of year | 197,742 |  | 138,758 |  |

| Amounts advanced | 54,270 |  | 64,517 |  |

| Amounts repaid | (2,000 | ) | (5,533 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 250,012 |  | 197,742 |  |

| There is also £5,545 owed by the Connolly and Steinbergs partnership whom the four Directors are partners.