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REGISTERED NUMBER: 13404454 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

N E ENGINEERING HOLDINGS LTD

N E ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 13404454) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 2 |

N E ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 13404454) |

BALANCE SHEET

31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Investments | 4 | 304,568 |  | 304,568 |  |

CURRENT ASSETS

Cash in hand | 2 |  | 2 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 304,570 |  | 304,570 |  |

CAPITAL AND RESERVES

Called up share capital | 5 | 70 |  | 70 |  |

Retained earnings | 304,500 |  | 304,500 |  |

SHAREHOLDERS' FUNDS | 304,570 |  | 304,570 |  |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2026 and were signed on its behalf by:

Mr N J Ellis - Director

Mr D Clements - Director

N E ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 13404454) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| N E Engineering Holdings Ltd 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: | 13404454

| Registered office: | 21-22 Mackintosh Road

| Rackheath Industrial Estate

| Norwich

| Norfolk

| NR13 6LJ

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The principal accounting policies of the company applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

| Basis of accounting

| These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements are presented in pound sterling which is the company's functional currency.

| These financial statements are prepared in accordance with FRS 102 including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

| Comparatives

| The accounts cover the period from 1 January 2025 to 31 December 2025. The comparatives cover the period from 1 April 2024 to 31 December 2024.

| Preparation of consolidated financial statements

| The financial statements contain information about N E Engineering Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Karnell Group AB (publ), Riddargatan 13 D, SE-114 51 Stockholm, Sweden.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

N E ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 13404454) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

3. | EMPLOYEES AND DIRECTORS

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

4. | INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 304,568 |  |

| NET BOOK VALUE

| At 31 December 2025 | 304,568 |  |

| At 31 December 2024 | 304,568 |  |

5. | CALLED UP SHARE CAPITAL

| Allotted and issued: |  |  | 31.12.25 |  |  | 31.12.24 |

| Number |  | Class: |  |  | Nominal value: |  |  | £ |  |  | £ |

| 35,000 |  | Ordinary A |  |  | £0.001 |  |  | 35 |  |  | 35 |

| 35,000 |  | Ordinary C |  |  | £0.001 |  |  | 35 |  |  | 35 |

|  | 70 |  |  | 70 |

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

| The Auditors' Report was unqualified.

| Mr Nick Aston FCCA (Senior Statutory Auditor)

| for and on behalf of CG LEE Limited

7. | ULTIMATE PARENT COMPANY

| The ultimate parent company is Karnell Group AB (publ), a company incorporated in Sweden, owning 90.1% of the issued share capital of N E Engineering Holdings L td.

| Karnell Group AB (publ) prepares consolidated financial statements. Copies of the consolidated financial statements can be obtained from Riddargatan 13 D, SE-114 51 Stockholm, Sweden.