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REGISTERED NUMBER: 00571301 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 APRIL 2025 |

| FOR |

| COLD FORMED PRODUCTS LIMITED |

COLD FORMED PRODUCTS LIMITED (REGISTERED NUMBER: 00571301)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

COLD FORMED PRODUCTS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTOR: | A G J Palmer

| SECRETARY: | A G J Palmer

| REGISTERED OFFICE: | 50 Seymour Street

| London

| W1H 7JG

| REGISTERED NUMBER: | 00571301 (England and Wales)

| AUDITORS: | Orcom Civvals Audit Limited

| Chartered Accountants and

| Statutory Auditors

| 50 Seymour Street

| London

| W1H 7JG

COLD FORMED PRODUCTS LIMITED (REGISTERED NUMBER: 00571301)

STATEMENT OF FINANCIAL POSITION

30 APRIL 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 1,145,968 |  | 1,255,142 |  |

CURRENT ASSETS

Stocks | 489,021 |  | 698,754 |  |

Debtors | 6 | 839,843 |  | 1,285,547 |  |

Cash at bank and in hand | 40,745 |  | 275,719 |  |

1,369,609 |  | 2,260,020 |  |

CREDITORS

Amounts falling due within one year | 7 | (1,654,587 | ) | (1,600,209 | ) |

NET CURRENT (LIABILITIES)/ASSETS | (284,978 | ) | 659,811 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 860,990 |  | 1,914,953 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (71,633 | ) | (66,756 | ) |

PROVISIONS FOR LIABILITIES | (258,292 | ) | (279,395 | ) |

NET ASSETS | 531,065 |  | 1,568,802 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 48 |  | 100 |  |

Capital redemption reserve | 11 | 52 |  | - |  |

Retained earnings | 11 | 530,965 |  | 1,568,702 |  |

SHAREHOLDERS' FUNDS | 531,065 |  | 1,568,802 |  |

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 director and authorised for issue on 20 January 2026 and were signed by:

A G J Palmer - Director

COLD FORMED PRODUCTS LIMITED (REGISTERED NUMBER: 00571301)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | STATUTORY INFORMATION

| Cold Formed Products 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.

| Items included in the financial statements of the company are measured using the currency of the primary economic environment in which the company operates (the "functional currency").

| The functional currency of the company, and the currency in which the financial statements are presented (the "presentational currency"), is 'Pounds Sterling’ (£) rounded to the nearest single unit of currency.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared on a going concern basis, under the historical cost convention, as modified by the recognition of certain financial assets and liabilities measured at fair value.

| Going concern

| The company had net current liabilities of £284,978 at the balance sheet date. The director has prepared cash flow forecasts covering a period of at least twelve months from the date of approval of these financial statements. These forecasts indicate that the company will be able to meet its liabilities as they fall due. Accordingly, the director considers it appropriate to prepare the financial statements on a going concern basis.

COLD FORMED PRODUCTS LIMITED (REGISTERED NUMBER: 00571301)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

3. | ACCOUNTING POLICIES - continued

| Significant judgements and estimates

| The preparation of financial statements in conformity with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The notes to the financial statements set out areas involving a higher degree of judgement, or areas where assumptions are significant to the reporting entity and its financial report such as:

| - useful economic lives of tangible assets

| - fair value of assets and liabilities

| - recoverability of tax receivables, deferred tax assets and measurement of current and deferred tax liabilities can require significant judgement, particularly where the recoverability of such tax balances relies on the estimation of future taxable profits and management's determination of the likelihood that uncertain tax positions will be accepted by the relevant taxation authority

| - the timing of derecognition of assets and liabilities following the disposal of an investment, including the measurement of the associated gain or loss

| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including reasonable expectations of future events. Management believes that the estimates used in preparing this financial statements are reasonable. Actual results in the future may differ from those reported and it is therefore reasonably possible, on the basis of existing knowledge, that outcomes within the next financial year that are different from management's assumptions and estimates could require an adjustment to the carrying amounts of the reported assets and liabilities in future reporting periods.

| 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

| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

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

| Plant and machinery |  |  | 10% on reducing balance |  |

| Fixtures, fittings & equipment |  |  | at variable rates on reducing balance |  |

| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

| If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

COLD FORMED PRODUCTS LIMITED (REGISTERED NUMBER: 00571301)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

3. | ACCOUNTING POLICIES - continued

| Stocks

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

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| At each reporting date, stocks are assessed to determine whether a provision for any impairment is required by comparing the carrying amount of each item of stock (or group of similar items) with its selling price less costs to complete and sell.

| If an item of stock (or group of similar items) is impaired, the carrying amount of the stock (or the group of similar items) is reduced to its selling price less costs to complete and sell. That reduction is an impairment loss and it is recognised immediately in profit or loss.

COLD FORMED PRODUCTS LIMITED (REGISTERED NUMBER: 00571301)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

3. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities; with said financial assets and liabilities classified in accordance with the substance of the underlying contractual obligations rather than its legal form.

| Financial assets and liabilities are recognised upon becoming party to the contractual provisions of the instrument. financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or the financial asset is transferred along with substantially all the risks and rewards of ownership of the asset to another party. Financial liabilities are derecognised only when the underlying obligations are discharged, cancelled or expired.

| The measurement of specific financial assets, financial liabilities and equity held by the company is as outlined below:

| i) Debtors

| Debtors are initially measured at transaction price (i.e. fair value) and subsequently held, at transaction price less provision for impairment of assets.

| ii) Cash and cash equivalents

| Cash balances are reported by the company as being financial instruments classified as short term receivables and are represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours, subject to an insignificant risk of changes in value and held at floating interest rates linked to UK bank rates.

| iii) Creditors

| Creditors, excluding commercial bank loans, are initially measured and subsequently held at transaction price (i.e fair value).

| Commercial bank loans are initially measured at fair value and subsequently held at amortised cost using the effective interest method.

| iv) Provisions for liabilities

| Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

| Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

| Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.

| Increases in provisions are generally charged as an expense to profit or loss.

| v) Equity

| Ordinary share capital, shown in equity, is initially measured and subsequently held at its nominal value. Where the transaction price for issued shares exceeds their nominal value, the difference is shown under equity in a share premium account with any directly attributable transaction costs associated with the issue or repurchase of said shares deducted from said share premium account.

COLD FORMED PRODUCTS LIMITED (REGISTERED NUMBER: 00571301)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

3. | ACCOUNTING POLICIES - continued

| Equity dividends are recognised when they become legally payable.

| Capital redemption reserves, shown in equity and measured at cost, relate solely in respect of all non-distributable sums transferred following the purchase and cancellation of the company's own share capital.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Foreign currencies

| Foreign currencies are translated into the functional (and presentational) currency using the exchange rates prevailing at the date of the respective transaction or valuation where items are re-measured.

| Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at financial period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account as part of total comprehensive income.

COLD FORMED PRODUCTS LIMITED (REGISTERED NUMBER: 00571301)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

3. | ACCOUNTING POLICIES - continued

| Hire purchase and operating leases

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 40 (2024 - 42 ) .

5. | TANGIBLE FIXED ASSETS

| Fixtures, |

| Plant and |  | fittings |

| machinery |  | & equipment |  | Totals

£ | £ | £ |

| COST

| At 1 May 2024 | 4,128,746 |  | 603,346 |  | 4,732,092 |  |

| Additions | 25,139 |  | - |  | 25,139 |  |

| At 30 April 2025 | 4,153,885 |  | 603,346 |  | 4,757,231 |  |

| DEPRECIATION

| At 1 May 2024 | 2,963,796 |  | 513,154 |  | 3,476,950 |  |

| Charge for year | 119,009 |  | 15,304 |  | 134,313 |  |

| At 30 April 2025 | 3,082,805 |  | 528,458 |  | 3,611,263 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1,071,080 |  | 74,888 |  | 1,145,968 |  |

| At 30 April 2024 | 1,164,950 |  | 90,192 |  | 1,255,142 |  |

COLD FORMED PRODUCTS LIMITED (REGISTERED NUMBER: 00571301)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

5. | TANGIBLE FIXED ASSETS - continued

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

| Plant and

| machinery

£ |

| COST

| At 1 May 2024 | 196,463 |  |

| Reclassification/transfer | 1,811,861 |  |

| At 30 April 2025 | 2,008,324 |  |

| DEPRECIATION

| At 1 May 2024 | 53,241 |  |

| Charge for year | 72,112 |  |

| Reclassification/transfer | 1,233,963 |  |

| At 30 April 2025 | 1,359,316 |  |

| NET BOOK VALUE

| At 30 April 2025 | 649,008 |  |

| At 30 April 2024 | 143,222 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 764,002 |  | 1,196,614 |  |

| Other debtors | 13,105 |  | 35,240 |  |

| Corporation tax recoverable | 54,625 |  | - |  |

| VAT | - |  | 45,809 |  |

| Prepayments | 8,111 |  | 7,884 |  |

839,843 |  | 1,285,547 |  |

COLD FORMED PRODUCTS LIMITED (REGISTERED NUMBER: 00571301)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 89,163 |  |

| Hire purchase contracts | 62,236 |  | 31,382 |  |

| Trade creditors | 692,702 |  | 1,156,426 |  |

| Taxation | 103,609 |  | 115,088 |  |

| Social security and other taxes | 48,139 |  | 46,453 |  |

| VAT | 9,112 |  | - |  |

| Invoice discounting | 481,250 |  | - |  |

| Directors' current accounts | 125,000 |  | - |  |

| Accrued expenses | 132,539 |  | 161,697 |  |

1,654,587 |  | 1,600,209 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 71,633 |  | 66,756 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdraft | - |  | 89,163 |  |

| Invoice discounting | 481,250 |  | - |  |

481,250 |  | 89,163 |  |

| The bank overdraft and invoice discounting facilities are secured by a fixed and floating charge over all current and future assets of the company.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 48 | Ordinary | £1 | 48 |  | 100 |  |

| (2024 - 100 )

| The company has one class of ordinary shares. Ordinary shares have full rights in the company with respect to voting, dividend and capital distribution.

COLD FORMED PRODUCTS LIMITED (REGISTERED NUMBER: 00571301)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

11. | RESERVES

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 May 2024 | 1,568,702 |  | - |  | 1,568,702 |  |

| Profit for the year | 113,069 |  | 113,069 |  |

| Dividends | (110,806 | ) | (110,806 | ) |

| Purchase of own shares | (1,040,000 | ) | 52 |  | (1,039,948 | ) |

| At 30 April 2025 | 530,965 |  | 52 |  | 531,017 |  |

12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Aamir Kazi (Senior Statutory Auditor)

| for and on behalf of Orcom Civvals Audit Limited

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025 | 2024 |

£ | £ |

| A G J Palmer

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | (125,000 | ) | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (125,000 | ) | - |  |

14. | RELATED PARTY DISCLOSURES

| Administrative expenses for the year include rent of £180,000 (2024: £158,000) paid to an entity in which the director has a participating interest. All transactions were on normal commercial terms and at fair value prices.

15. | POST BALANCE SHEET EVENTS

| There were no material events subsequent to 30 April 2025 and up until the authorisation of the financial statements for issue, that have not been disclosed elsewhere in the financial statements.