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REGISTERED NUMBER: 05391062 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 30 April 2025 |

| for |

| Herd Mundy Richardson Limited |

| Herd Mundy Richardson Limited (Registered number: 05391062) |

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Herd Mundy Richardson Limited |

Company Information

for the Year Ended 30 April 2025

| DIRECTORS: | A Shippen

| C Marshall

| A Panjeta

| M A Wrigley

| REGISTERED OFFICE: | Oak House Bredbury Parkway

| Ashton Road Bredbury

| Stockport

| Cheshire

| SK6 2SN

| REGISTERED NUMBER: | 05391062 (England and Wales)

| ACCOUNTANTS: | Graham & Fisher Limited

| T/A Grahams

| Chartered Accountants

| 30 Birkenhead Road

| Hoylake

| Wirral

| CH47 3BW

| Herd Mundy Richardson Limited (Registered number: 05391062) |

Balance Sheet

30 April 2025

| 30.4.25 | 30.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 1,318,995 |  | 1,405,754 |  |

1,318,995 |  | 1,405,754 |  |

CURRENT ASSETS

Stocks | 301,029 |  | 241,310 |  |

Debtors | 6 | 7,261,640 |  | 6,917,551 |  |

Cash at bank and in hand | 848,584 |  | 529,441 |  |

8,411,253 |  | 7,688,302 |  |

CREDITORS

Amounts falling due within one year | 7 | 527,868 |  | 404,427 |  |

NET CURRENT ASSETS | 7,883,385 |  | 7,283,875 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 9,202,380 |  | 8,689,629 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (729,151 | ) | (782,276 | ) |

PROVISIONS FOR LIABILITIES | (19,730 | ) | (31,681 | ) |

NET ASSETS | 8,453,499 |  | 7,875,672 |  |

CAPITAL AND RESERVES

Called up share capital | 500 |  | 500 |  |

Capital redemption reserve | 100 |  | 100 |  |

Retained earnings | 8,452,899 |  | 7,875,072 |  |

8,453,499 |  | 7,875,672 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

| Herd Mundy Richardson Limited (Registered number: 05391062) |

Balance Sheet - continued

30 April 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 20 January 2026 and were signed on its behalf by:

A Shippen - Director

| Herd Mundy Richardson Limited (Registered number: 05391062) |

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| Herd Mundy Richardson 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.

| Critical accounting judgements and key sources of estimation uncertainty

| The following judgements and estimates have been made in the process of applying the accounting policies that have had the most significant effect on amounts recognised in the financial statements.

| Work in progress is valued based on the estimated stage of completion of a job, with reference to the number of tests completed, less provision made for any foreseeable losses where appropriate.

| Turnover

| Turnover comprises revenue recognised by the company in respect of pharmaceutical testing services supplied during the year, exclusive of Value Added Tax.

| Turnover is recognised on the completion of testing, at the fair value of the consideration receivable.

| 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.

| Software licences is being amortised evenly over its estimated useful life of five years.

| 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

| Plant and machinery etc | - | 25% on cost and 20% on cost

| Work in progress

| Work in progress is valued based on the estimated stage of completion of a job, with reference to the number of tests completed. Provision is made for any foreseeable losses where appropriate.

| Herd Mundy Richardson Limited (Registered number: 05391062) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| 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.

| 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 38 (2024 - 44 ) .

| Herd Mundy Richardson Limited (Registered number: 05391062) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 140,691 |  |

| AMORTISATION

| At 1 May 2024

| and 30 April 2025 | 140,691 |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  |

| At 30 April 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 May 2024 | 1,846,000 |  | 1,943,622 |  | 3,789,622 |  |

| Additions | - |  | 4,075 |  | 4,075 |  |

| Disposals | - |  | (1,125 | ) | (1,125 | ) |

| At 30 April 2025 | 1,846,000 |  | 1,946,572 |  | 3,792,572 |  |

| DEPRECIATION

| At 1 May 2024 | 584,567 |  | 1,799,301 |  | 2,383,868 |  |

| Charge for year | 36,920 |  | 52,789 |  | 89,709 |  |

| At 30 April 2025 | 621,487 |  | 1,852,090 |  | 2,473,577 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1,224,513 |  | 94,482 |  | 1,318,995 |  |

| At 30 April 2024 | 1,261,433 |  | 144,321 |  | 1,405,754 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Trade debtors | 891,697 |  | 676,143 |  |

| Amounts owed by group undertakings | 6,341,470 |  | 6,209,442 |  |

| Other debtors | 28,473 |  | 31,966 |  |

7,261,640 |  | 6,917,551 |  |

| Herd Mundy Richardson Limited (Registered number: 05391062) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans and overdrafts | 35,931 |  | 33,838 |  |

| Hire purchase contracts | 14,025 |  | 12,624 |  |

| Trade creditors | 69,781 |  | 55,802 |  |

| Taxation and social security | 348,055 |  | 224,137 |  |

| Other creditors | 60,076 |  | 78,026 |  |

527,868 |  | 404,427 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans | 678,701 |  | 717,800 |  |

| Hire purchase contracts | 50,450 |  | 64,476 |  |

729,151 |  | 782,276 |  |

9. | RELATED PARTY DISCLOSURES

| As well as being the directors of this company, Mr C Marshall, Mr A Panjeat, Mr M Wrigley and Mr A Shippen are also directors of the subsidiary undertaking, namely HMR Group Holdings Ltd.

| The amount due from this company at the year end is £6,341,470 (2024 - £6,209,442)