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REGISTERED NUMBER: 02319068 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 October 2025 |

| for |

| Ultrasonic Sciences Limited |

| Ultrasonic Sciences Limited (Registered number: 02319068) |

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Ultrasonic Sciences Limited |

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | R B Phillips

| C S Gartside

| N J Gray

| N Pretty

| SECRETARY: | Mrs E J Phillips

| REGISTERED OFFICE: | Unit 4

| Spring Lakes Industrial Estate

| Deadbrook Lane

| Aldershot

| Hampshire

| GU12 4UH

| REGISTERED NUMBER: | 02319068 (England and Wales)

| ACCOUNTANTS: | Lane Monnington Welton

| Chartered Accountants

| Riverside View

| Basing Road

| Old Basing

| Basingstoke

| Hampshire

| RG24 7AL

| Ultrasonic Sciences Limited (Registered number: 02319068) |

Balance Sheet

31 October 2025

| 31.10.25 | 31.10.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 53,948 |  | 30,112 |  |

53,948 |  | 30,112 |  |

CURRENT ASSETS

Stocks | 766,344 |  | 358,840 |  |

Debtors | 6 | 1,813,177 |  | 3,004,164 |  |

Cash at bank and in hand | 246,344 |  | 249,291 |  |

2,825,865 |  | 3,612,295 |  |

CREDITORS

Amounts falling due within one year | 7 | 770,594 |  | 1,510,731 |  |

NET CURRENT ASSETS | 2,055,271 |  | 2,101,564 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,109,219 |  | 2,131,676 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 593 |  | 593 |  |

Share premium | 10,717 |  | 10,717 |  |

Retained earnings | 2,097,909 |  | 2,120,366 |  |

SHAREHOLDERS' FUNDS | 2,109,219 |  | 2,131,676 |  |

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

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

| Ultrasonic Sciences Limited (Registered number: 02319068) |

Balance Sheet - continued

31 October 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 17 December 2025 and were signed on its behalf by:

R B Phillips - Director

| Ultrasonic Sciences Limited (Registered number: 02319068) |

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Ultrasonic Sciences 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" 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.

| Turnover represents net invoiced sales of goods, excluding value added tax, adjusted for amounts recoverable on long term contracts at the year end.

| Income in relation to long term contracts is recognised based on the stage of completion of the project at the accounting date. Where appropriate, income is recognised based on the costs incurred and the projected profile of income and costs on each individual contract.

| Goodwill

| Goodwill has been fully amortised.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Patents and licences are being amortised evenly over their estimated useful life of nil years.

| Intangible fixed assets

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

| Intellectual property, research and development - 5%/10%/20% per annum of cost/revaluation

| Research and development expenditure represents salary and related employment costs of those employees engaged principally in the research and development of testing equipment. Prior to 2009 these costs were capitalised, and together with intellectual property are amortised at rates stated above, to reflect their economic life. Research and development expenditure is now written off in the period in which it is incurred.

| Tangible fixed assets

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

| Leasehold Improvements | - | over the remaining life of the lease

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 25% on cost

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 33% on cost

| Ultrasonic Sciences Limited (Registered number: 02319068) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Work in progress and long term contracts are valued in relation to the stage of completion at the date of accounts. An appropriate proportion of the expected profit on the contract is recognised in accordance with the stage of completion.

| Financial instruments

| Debtors and creditors payable/receivable within one year

| 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

| 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.

| 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, adjusted for indexation where applicable.

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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 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.

| Ultrasonic Sciences Limited (Registered number: 02319068) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Impairment

| Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 26 (2024 - 25 ) .

4. | INTANGIBLE FIXED ASSETS

| Patents |

| and |

| Goodwill |  | licences |  | Totals

£ | £ | £ |

| COST

| At 1 November 2024

| and 31 October 2025 | 50,000 |  | 1,816,121 |  | 1,866,121 |  |

| AMORTISATION

| At 1 November 2024

| and 31 October 2025 | 50,000 |  | 1,816,121 |  | 1,866,121 |  |

| NET BOOK VALUE

| At 31 October 2025 | - |  | - |  | - |  |

| At 31 October 2024 | - |  | - |  | - |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures

| Leasehold |  | Plant and |  | and

| Improvements |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 November 2024 | 27,945 |  | 155,802 |  | 3,595 |  |

| Additions | - |  | - |  | - |  |

| Disposals | - |  | - |  | - |  |

| At 31 October 2025 | 27,945 |  | 155,802 |  | 3,595 |  |

| DEPRECIATION

| At 1 November 2024 | 25,317 |  | 154,794 |  | 1,798 |  |

| Charge for year | 283 |  | 504 |  | 899 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 October 2025 | 25,600 |  | 155,298 |  | 2,697 |  |

| NET BOOK VALUE

| At 31 October 2025 | 2,345 |  | 504 |  | 898 |  |

| At 31 October 2024 | 2,628 |  | 1,008 |  | 1,797 |  |

| Ultrasonic Sciences Limited (Registered number: 02319068) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

5. | TANGIBLE FIXED ASSETS - continued

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 November 2024 | 84,869 |  | 36,752 |  | 308,963 |  |

| Additions | 49,269 |  | 6,676 |  | 55,945 |  |

| Disposals | (36,137 | ) | - |  | (36,137 | ) |

| At 31 October 2025 | 98,001 |  | 43,428 |  | 328,771 |  |

| DEPRECIATION

| At 1 November 2024 | 64,327 |  | 32,615 |  | 278,851 |  |

| Charge for year | 15,118 |  | 5,967 |  | 22,771 |  |

| Eliminated on disposal | (26,799 | ) | - |  | (26,799 | ) |

| At 31 October 2025 | 52,646 |  | 38,582 |  | 274,823 |  |

| NET BOOK VALUE

| At 31 October 2025 | 45,355 |  | 4,846 |  | 53,948 |  |

| At 31 October 2024 | 20,542 |  | 4,137 |  | 30,112 |  |

| The company has allowed a fixed charge over all assets owned outright with a carrying value of £53,948 (2024: £20,520), as security for the bank. The obligations under hire purchase agreements are secured against the items of plant and machinery to which they relate that have a carrying value of £Nil (2024 - £9,592).

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Trade debtors | 587,748 |  | 1,506,858 |  |

| Amounts recoverable on long term contracts | 1,097,548 |  | 1,326,088 |  |

| Other debtors | 127,881 |  | 171,218 |  |

1,813,177 |  | 3,004,164 |  |

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Hire purchase contracts (see note 8) | - |  | 4,887 |  |

| Trade creditors | 191,977 |  | 936,951 |  |

| Taxation and social security | 39,149 |  | 37,755 |  |

| Other creditors | 539,468 |  | 531,138 |  |

770,594 |  | 1,510,731 |  |

| Ultrasonic Sciences Limited (Registered number: 02319068) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 31.10.25 |  | 31.10.24 |

£ | £ |

| Net obligations repayable:

| Within one year | - |  | 4,887 |  |

| Non-cancellable |

| operating leases |

| 31.10.25 |  | 31.10.24

£ | £ |

| Within one year | 180,026 |  | 180,026 |  |

| Between one and five years | 450,065 |  | 630,091 |  |

630,091 |  | 810,117 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.10.25 |  | 31.10.24

£ | £ |

| Hire purchase contracts | - |  | 4,887 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.10.25 |  | 31.10.24

| value: | £ | £ |

| 2,500,000 | A Ordinary 0.0001p | 0.000 | 1 | 250 |  | 250 |  |

| 2,000,000 | B Ordinary 0.0001p | 0.000 | 1 | 200 |  | 200 |  |

450 |  | 450 |  |

| Allotted and issued:

| Number: | Class: | Nominal | 31.10.25 |  | 31.10.24

| value: | £ | £ |

| 1,434,662 | C Ordinary 0.0001p | 0.000 | 1 | 143 |  | 143 |  |