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REGISTERED NUMBER: 02132696 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 July 2025 |

| for |

| P & H Pipelines & Services Limited |

P & H Pipelines & Services Limited (Registered number: 02132696)

Contents of the Financial Statements

for the Year Ended 31 July 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 2 |

P & H Pipelines & Services Limited (Registered number: 02132696)

Balance Sheet

31 July 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 765,880 |  | 598,649 |  |

CURRENT ASSETS

Debtors | 5 | 168,074 |  | 400,112 |  |

Cash at bank and in hand | 1,036,298 |  | 822,198 |  |

1,204,372 |  | 1,222,310 |  |

CREDITORS

Amounts falling due within one year | 6 | 481,960 |  | 283,148 |  |

NET CURRENT ASSETS | 722,412 |  | 939,162 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,488,292 |  | 1,537,811 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (175,149 | ) | (343,002 | ) |

PROVISIONS FOR LIABILITIES | (66,884 | ) | (15,150 | ) |

NET ASSETS | 1,246,259 |  | 1,179,659 |  |

CAPITAL AND RESERVES

Called up share capital | 50 |  | 50 |  |

Capital redemption reserve | 50 |  | 50 |  |

Retained earnings | 1,246,159 |  | 1,179,559 |  |

SHAREHOLDERS' FUNDS | 1,246,259 |  | 1,179,659 |  |

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr S Mansley - Director

P & H Pipelines & Services Limited (Registered number: 02132696)

Notes to the Financial Statements

for the Year Ended 31 July 2025

1. | STATUTORY INFORMATION

| P & H Pipelines & Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 02132696

| Registered office: | 2B Yew Tree Way

| Golborne

| Warrington

| Cheshire

| WA3 3JD

| 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 represents net invoiced sales of goods and services, excluding value added tax.

| Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

| 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.

| Improvements to property | - | in accordance with the lease

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

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

P & H Pipelines & Services Limited (Registered number: 02132696)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

2. | ACCOUNTING POLICIES - continued

| 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 a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures

| to |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 August 2024 | 348,387 |  | 170,941 |  | 181,289 |  |

| Additions | - |  | 63,612 |  | - |  |

| At 31 July 2025 | 348,387 |  | 234,553 |  | 181,289 |  |

| DEPRECIATION

| At 1 August 2024 | 90,215 |  | 163,654 |  | 146,640 |  |

| Charge for year | 6,968 |  | 17,724 |  | 8,662 |  |

| At 31 July 2025 | 97,183 |  | 181,378 |  | 155,302 |  |

| NET BOOK VALUE

| At 31 July 2025 | 251,204 |  | 53,175 |  | 25,987 |  |

| At 31 July 2024 | 258,172 |  | 7,287 |  | 34,649 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 August 2024 | 602,591 |  | 195,251 |  | 1,498,459 |  |

| Additions | 281,645 |  | 975 |  | 346,232 |  |

| At 31 July 2025 | 884,236 |  | 196,226 |  | 1,844,691 |  |

| DEPRECIATION

| At 1 August 2024 | 304,436 |  | 194,865 |  | 899,810 |  |

| Charge for year | 144,949 |  | 698 |  | 179,001 |  |

| At 31 July 2025 | 449,385 |  | 195,563 |  | 1,078,811 |  |

| NET BOOK VALUE

| At 31 July 2025 | 434,851 |  | 663 |  | 765,880 |  |

| At 31 July 2024 | 298,155 |  | 386 |  | 598,649 |  |

P & H Pipelines & Services Limited (Registered number: 02132696)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

4. | TANGIBLE FIXED ASSETS - continued

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

| Motor

| vehicles

£ |

| COST

| At 1 August 2024 | 338,784 |  |

| Additions | 51,380 |  |

| At 31 July 2025 | 390,164 |  |

| DEPRECIATION

| At 1 August 2024 | 115,003 |  |

| Charge for year | 68,790 |  |

| At 31 July 2025 | 183,793 |  |

| NET BOOK VALUE

| At 31 July 2025 | 206,371 |  |

| At 31 July 2024 | 223,781 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 1,828 |  | 65,900 |  |

| Other debtors | 166,246 |  | 334,212 |  |

168,074 |  | 400,112 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 44,676 |  | 62,326 |  |

| Trade creditors | 38,449 |  | 122,451 |  |

| Amounts owed to group undertakings | 164,769 |  | - |  |

| Taxation and social security | 198,944 |  | 69,335 |  |

| Other creditors | 35,122 |  | 29,036 |  |

481,960 |  | 283,148 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 175,149 |  | 159,974 |  |

| Other creditors | - |  | 183,028 |  |

175,149 |  | 343,002 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 219,825 |  | 222,300 |  |

| Hire purchase liabilities are secured over the assets to which they relate.

P & H Pipelines & Services Limited (Registered number: 02132696)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

9. | FINANCIAL COMMITMENTS

| Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £573,750 (2024- £708,750) This financial commitment represents the total amount of payments remaining on an operating lease which ends in 2028.

10. | ULTIMATE CONTROLLING PARTY

| The controlling party is P & H Group Holdings Limited.

| The ultimate controlling party is S Mansley and Z Brockman.