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REGISTERED NUMBER: 09597086 (England and Wales)

| Group Strategic Report, Report of the Directors and

| Audited Consolidated Financial Statements for the Year Ended 30 April 2025

| for

| Lilliput Holdings Limited

| Lilliput Holdings Limited (Registered number: 09597086) |

Contents of the Consolidated Financial Statements

for the year ended 30 April 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 5 |

| Report of the Independent Auditors | 7 |

| Consolidated Statement of Comprehensive Income | 10 |

| Consolidated Balance Sheet | 12 |

| Company Balance Sheet | 13 |

| Consolidated Statement of Changes in Equity | 14 |

| Company Statement of Changes in Equity | 15 |

| Consolidated Cash Flow Statement | 16 |

| Notes to the Consolidated Cash Flow Statement | 17 |

| Notes to the Consolidated Financial Statements | 19 |

| Lilliput Holdings Limited |

Company Information

for the year ended 30 April 2025

| DIRECTORS: | K T Johnson

| R Johnson

| C E Johnson

| K H Patel

| SECRETARY: | P J Brown

| REGISTERED OFFICE: | C/O Emplas Window Systems Limited

| Huxley Close

| Park Farm South

| Wellingborough

| Northamptonshire

| NN8 6AB

| REGISTERED NUMBER: | 09597086 (England and Wales)

| AUDITORS: | Elsby & Co (Sywell) Ltd

| Statutory Auditors

| 155 Wellingborough Road

| Rushden

| Northamptonshire

| NN10 9TB

| Lilliput Holdings Limited (Registered number: 09597086) |

Group Strategic Report

for the year ended 30 April 2025

The directors present their strategic report of the company and the group for the year ended 30 April 2025.

The principal activity of the Group was the manufacture, sale and installation of PVC-U windows, doors and conservatories.

REVIEW OF BUSINESS

Group turnover increased by 14%.

The Directors are satisfied with the performance of the group to April 2025.

Net assets increased by 12% to £15,490,256 due to the success of Emplas Window Systems Limited during the year.

PRINCIPAL RISKS AND UNCERTAINTIES

The Group's principal financial instruments comprise cash and various items, such as trade debtors and trade creditors, that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the Group's operations. The existence of these financial instruments exposes the Group to a number of financial risks. The main risks arising from the Group's financial instruments are credit risk and liquidity risk.

The directors review and agree policies for managing each of these risks and they are summarised below. These policies have remained unchanged from previous years. The Group also has hire purchase and finance lease arrangements, which are considered by the directors when assessing the Group's liquidity position.

Credit risk

The Group seeks to manage its credit risk by dealing with established customers or otherwise checking the credit-worthiness of new customers, establishing clear contractual relationships with those customers, and by identifying and addressing any credit issues arising in a timely manner.

Liquidity risk

The Group seeks to manage its liquidity risk by ensuring sufficient cash is freely available to meet foreseeable needs and to invest cash assets safely and profitably.

Financial key performance indicators

The Group has made a profit before taxation of £3,649,228 (2024 - £3,485,253).

The directors consider EBITDA to be an important measure of performance. The Group has generated EBITDA of £5,140,759 (2024 - £4,778,852).

EBITDA has increased during the current year.

The Group has net current assets of £7,109,767 (2024 - £5,429,672) and net assets of £15,490,256 (2024 - £13,813,539).

Sustainability

The Group has made a significant investment in over 1,000 Solar Panels for the roof of its main factory. These came online in October 2025 and will make a significant contribution towards the overall energy costs of the business.

The Group also continues to expand its use of electric vehicles within it main fleet.

Achievements

In December 2025 the Group achieved great success in winning 2 prestigious awards:

The GGF Fabricator of the Year Award 2025

The Northants Big Business Award 2025.

| Lilliput Holdings Limited (Registered number: 09597086) |

Group Strategic Report

for the year ended 30 April 2025

SECTION 172(1) STATEMENT

The directors always consider, that they have acted in the way they consider, in good faith, would be most likely to promote the success of the Group for the benefit of its members as a whole, having regard to the stakeholders and matters set out in s172(1) (a) - (f) of the Companies Act 2006, in the decisions taken during the year ended 30 April 2025.

The future strategy is designed to have a long term beneficial impact on the group and to contribute to its success in delivering a high quality of service across all of our business divisions. Clearly this is effective from the results shown as part of the business review.

Our employees are fundamental to the delivery of our strategy. We aim to be a responsible employer in our approach to the pay and benefits our employees receive. The health, safety and well-being of our team members is one of our primary considerations in the way we conduct our business. Engagement with suppliers and customers is also key to our success. We meet with our major partners regularly throughout the year and take the appropriate action, when necessary, to prevent involvement in modern slavery, corruption, bribery and breaches of competition law.

Our strategy considers the impact of the Group's operations on the community and environment and our wider social responsibilities, and in particular how we comply with environmental legislation and pursue waste saving opportunities and react promptly to local concerns.

The directors' intentions are to behave in a responsible manner, operating within the high standards of business conduct and good governance expected for a Group such as ours and in doing so, will contribute to the delivery of the strategy. The intention is to nurture our reputation, through both the construction and delivery of our plan, that reflects our values, beliefs and culture.

| Lilliput Holdings Limited (Registered number: 09597086) |

Group Strategic Report

for the year ended 30 April 2025

ENERGY AND CARBON REPORTING

In 2024/2025 the Group's energy usage can be broken down as follows:

Emissions breakdown by scope |  | 2024-25 Emissions |  | 2023-24 Emissions |

| tCO2e |  | tCO2e |

Scope 1: |  | 1,200 |  | 966 |

Gas |  | 55 |  | 34 |

Transport fuels |  | 1,145 |  | 932 |

Scope 2 (Electricity) |  | 713 |  | 689 |

Scope 3 (Grey fleet) |  | 40 |  | 23 |

Total Gross tCO2e |  | 1,952 |  | 1,678 |

Intensity Metric - tCO2e/frames manufactured |  | 0.0087 |  | 0.0069 |

Scope 1: Controlled vehicles - kWh |  | 4,529,406 |  | 3,679,862 |

Scope 1: Onsite fuel (mains gas) - kWh |  | 298,739 |  | 184,955 |

Scope 2: Electricity - kWh |  | 3,441,728 |  | 3,325,874 |

Scope 3: Grey fleet transport - kWh |  | 164,256 |  | 94,779 |

Total UK Energy Consumption - kWh |  | 8,434,129 |  | 7,285,469 |

Energy Efficiency actions undertaken during reporting year:

- |  | Continuing switch to electric vehicles where possible |

- |  | Over 1000 solar panels ordered for main Emplas site |

- |  | Looking at sourcing electricity from renewable providers |

ON BEHALF OF THE BOARD:

P J Brown - Secretary

20 February 2026

| Lilliput Holdings Limited (Registered number: 09597086) |

Report of the Directors

for the year ended 30 April 2025

The directors present their report with the financial statements of the company and the group for the year ended 30 April 2025.

DIVIDENDS

The total distribution of dividends for the period ended 30 April 2025 was £900,604.

FUTURE DEVELOPMENTS

The directors intend for the Group to continue its strategy of organic growth.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2024 to the date of this report.

K T Johnson

R Johnson

C E Johnson

Other changes in directors holding office are as follows:

T J Johnson - resigned 4 April 2025

K H Patel - appointed 4 April 2025

POLITICAL DONATIONS AND EXPENDITURE

During the year, the Group made charitable donations totalling £8,802 (2024: £7,585). No political donations were made.

ENGAGEMENT WITH EMPLOYEES

The Group recognises the benefit of keeping employees informed of the progress of the business and does so through formal and informal meetings.

Disabled employees

The Group gives full consideration to applications for employment from disabled persons where the requirements of the job can be adequately fulfilled by a handicapped or disabled person. Where existing employees become disabled, it is the Group's policy wherever practicable to provide continuing employment under normal terms and conditions and to provide training and career development and promotion to disabled employees wherever appropriate.

ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS

Our employees are fundamental to the delivery of our strategy, We aim to be a responsible employer in our approach to the pay and benefits our employees receive. The health, safety and well-being of our team members is one of our primary considerations in the way we conduct our business. Engagement with suppliers and customers is also key to our success. We meet with our major partners regularly throughout the year and take the appropriate action, when necessary, to prevent involvement in modern slavery, corruption, bribery and breaches of competitions law.

| Lilliput Holdings Limited (Registered number: 09597086) |

Report of the Directors

for the year ended 30 April 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Elsby & Co (Sywell) Ltd, will be proposed for re-appointment in accordance with section 485 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

P J Brown - Secretary

20 February 2026

Report of the Independent Auditors to the Members of

Lilliput Holdings Limited

Opinion

We have audited the financial statements of Lilliput Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 30 April 2025 and of the group's profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Lilliput Holdings Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page six, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- |  | Enquiry on management and those charged with governance around actual and potential litigation and claims; |

- |  | Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; |

- |  | Reviewing minutes of meetings of those charged with governance; |

- |  | Reviewing financial statement disclosures and testing to supporting documentation to access compliance with applicable laws and regulations. |

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities including those leading to material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of

Lilliput Holdings Limited

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Carl Elsby ACA (Senior Statutory Auditor)

for and on behalf of Elsby & Co (Sywell) Ltd

Statutory Auditors

155 Wellingborough Road

Rushden

Northamptonshire

NN10 9TB

20 February 2026

| Lilliput Holdings Limited (Registered number: 09597086) |

Consolidated

Statement of Comprehensive

Income

for the year ended 30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

TURNOVER | 4 | 68,542,792 |  | 60,122,179 |  |

Cost of sales | 43,266,975 |  | 38,818,506 |  |

GROSS PROFIT | 25,275,817 |  | 21,303,673 |  |

Distribution costs | 5,251,595 |  | 4,538,715 |  |

Administrative expenses | 16,311,529 |  | 13,153,114 |  |

|  |  | 21,563,124 |  |  |  |  | 17,691,829 |  |

3,712,693 |  | 3,611,844 |  |

Other operating income | 5 | 26,794 |  | 25,205 |  |

OPERATING PROFIT | 8 | 3,739,487 |  | 3,637,049 |  |

Interest receivable and similar income | 10 | 18,778 |  | 8,937 |  |

3,758,265 |  | 3,645,986 |  |

Interest payable and similar expenses | 11 | 109,037 |  | 160,733 |  |

PROFIT BEFORE TAXATION | 3,649,228 |  | 3,485,253 |  |

Tax on profit | 12 | 1,071,980 |  | 953,656 |  |

PROFIT FOR THE FINANCIAL YEAR | 2,577,248 |  | 2,531,597 |  |

OTHER COMPREHENSIVE INCOME |

Gain on revaluation of property | - |  | 1,385,100 |  |

Income tax relating to other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | - |  | 1,385,100 |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 2,577,248 |  | 3,916,697 |  |

Profit attributable to:

Owners of the parent | 2,745,643 |  | 2,531,597 |  |

Non-controlling interests | (168,395 | ) | - |  |

2,577,248 |  | 2,531,597 |  |

Total comprehensive income attributable to:

Owners of the parent | 2,745,643 |  | 3,916,697 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Consolidated

Statement of Comprehensive

Income

for the year ended 30 April 2025

| 2025 |  | 2024

£ | £ |

Non-controlling interests | (168,395 | ) | - |  |

2,577,248 |  | 3,916,697 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Consolidated Balance Sheet

30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 15 | 251,699 |  | 225,902 |  |

Tangible assets | 16 | 10,746,618 |  | 10,038,275 |  |

Investments | 17 | - |  | - |  |

Investment property | 18 | 1,148,167 |  | 944,957 |  |

12,146,484 |  | 11,209,134 |  |

CURRENT ASSETS

Stocks | 19 | 2,787,794 |  | 2,569,065 |  |

Debtors | 20 | 16,628,454 |  | 12,566,738 |  |

Cash at bank and in hand | 21 | 1,977,309 |  | 668,248 |  |

21,393,557 |  | 15,804,051 |  |

CREDITORS

Amounts falling due within one year | 22 | 14,283,791 |  | 10,374,379 |  |

NET CURRENT ASSETS | 7,109,766 |  | 5,429,672 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 19,256,250 |  | 16,638,806 |  |

CREDITORS

Amounts falling due after more than one year | 23 | (2,627,746 | ) | (1,682,040 | ) |

PROVISIONS FOR LIABILITIES | 27 | (1,138,248 | ) | (1,143,227 | ) |

NET ASSETS | 15,490,256 |  | 13,813,539 |  |

CAPITAL AND RESERVES

Called up share capital | 28 | 3,300,000 |  | 3,300,000 |  |

Revaluation reserve | 29 | 361,201 |  | - |  |

Other reserves | 29 | (1,999,000 | ) | (1,999,000 | ) |

Retained earnings | 29 | 13,996,377 |  | 12,512,539 |  |

SHAREHOLDERS' FUNDS | 15,658,578 |  | 13,813,539 |  |

NON-CONTROLLING INTERESTS | 30 | (168,322 | ) | - |  |

TOTAL EQUITY | 15,490,256 |  | 13,813,539 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2026 and were signed on its behalf by:

R Johnson - Director

| Lilliput Holdings Limited (Registered number: 09597086) |

Company Balance Sheet

30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 15 | - |  | - |  |

Tangible assets | 16 | - |  | - |  |

Investments | 17 | 3,300,151 |  | 3,300,100 |  |

Investment property | 18 | - |  | - |  |

3,300,151 |  | 3,300,100 |  |

CREDITORS

Amounts falling due within one year | 22 | 151 |  | 100 |  |

NET CURRENT LIABILITIES | (151 | ) | (100 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,300,000 |  | 3,300,000 |  |

CAPITAL AND RESERVES

Called up share capital | 28 | 3,300,000 |  | 3,300,000 |  |

SHAREHOLDERS' FUNDS | 3,300,000 |  | 3,300,000 |  |

Company's profit for the financial year | 900,604 |  | 176,770 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2026 and were signed on its behalf by:

R Johnson - Director

| Lilliput Holdings Limited (Registered number: 09597086) |

Consolidated Statement of Changes in Equity

for the year ended 30 April 2025

| Called up |

| share |  | Retained |  | Revaluation

| capital |  | earnings |  | reserve

£ | £ | £ |

Balance at 1 May 2023 | 3,300,000 |  | 8,772,612 |  | - |  |

Changes in equity

Dividends | - |  | (176,770 | ) | - |  |

Total comprehensive income | - |  | 3,916,697 |  | - |  |

Balance at 30 April 2024 | 3,300,000 |  | 12,512,539 |  | - |  |

Changes in equity

Dividends | - |  | (900,604 | ) | - |  |

Total comprehensive income | - |  | 2,384,442 |  | 361,201 |  |

3,300,000 |  | 13,996,377 |  | 361,201 |  |

Acquisition of non-controlling interest | - |  | - |  | - |  |

Balance at 30 April 2025 | 3,300,000 |  | 13,996,377 |  | 361,201 |  |

| Other |  | Non-controlling |  | Total

| reserves |  | Total |  | interests |  | equity

£ | £ | £ | £ |

Balance at 1 May 2023 | (1,999,000 | ) | 10,073,612 |  | - |  | 10,073,612 |  |

Changes in equity

Dividends | - |  | (176,770 | ) | - |  | (176,770 | ) |

Total comprehensive income | - |  | 3,916,697 |  | - |  | 3,916,697 |  |

Balance at 30 April 2024 | (1,999,000 | ) | 13,813,539 |  | - |  | 13,813,539 |  |

Changes in equity

Dividends | - |  | (900,604 | ) | - |  | (900,604 | ) |

Total comprehensive income | - |  | 2,745,643 |  | (168,395 | ) | 2,577,248 |  |

(1,999,000 | ) | 15,658,578 |  | (168,395 | ) | 15,490,183 |  |

Acquisition of non-controlling interest | - |  | - |  | 73 |  | 73 |  |

Balance at 30 April 2025 | (1,999,000 | ) | 15,658,578 |  | (168,322 | ) | 15,490,256 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Company Statement of Changes in Equity

for the year ended 30 April 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 May 2023 | 3,300,000 |  | - |  | 3,300,000 |  |

Changes in equity

Dividends | - |  | (176,770 | ) | (176,770 | ) |

Total comprehensive income | - |  | 176,770 |  | 176,770 |  |

Balance at 30 April 2024 | 3,300,000 |  | - |  | 3,300,000 |  |

Changes in equity

Dividends | - |  | (900,604 | ) | (900,604 | ) |

Total comprehensive income | - |  | 900,604 |  | 900,604 |  |

Balance at 30 April 2025 | 3,300,000 |  | - |  | 3,300,000 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Consolidated Cash Flow Statement

for the year ended 30 April 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 4,215,707 |  | 3,925,611 |  |

Interest paid | (109,037 | ) | (160,733 | ) |

Tax paid | (998,168 | ) | (536,219 | ) |

Net cash from operating activities | 3,108,502 |  | 3,228,659 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (10,164 | ) | - |  |

Purchase of tangible fixed assets | (2,275,002 | ) | (2,540,571 | ) |

Purchase of investment property | (203,210 | ) | (256,458 | ) |

Sale of tangible fixed assets | 209,755 |  | 190,146 |  |

Loan to associate & subsidiary companies | (537,550 | ) | - |  |

Proceeds from issue of shares to NCIs | 73 |  | - |  |

Interest received | 18,778 |  | 8,937 |  |

Net cash from investing activities | (2,797,320 | ) | (2,597,946 | ) |

Cash flows from financing activities

Loan repayments in year | (222,408 | ) | (892,344 | ) |

New hire purchase finance in year | 1,719,684 |  | - |  |

Capital repayments in year | (248,706 | ) | (87,938 | ) |

Amount introduced by directors | 704,822 |  | - |  |

Amount withdrawn by directors | (58,670 | ) | - |  |

Equity dividends paid | (900,604 | ) | (176,770 | ) |

Net cash from financing activities | 994,118 |  | (1,157,052 | ) |

Increase/(decrease) in cash and cash equivalents | 1,305,300 |  | (526,339 | ) |

Cash and cash equivalents at beginning of year | 2 | 668,248 |  | 1,194,587 |  |

Cash and cash equivalents at end of year | 2 | 1,973,548 |  | 668,248 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Cash Flow Statement

for the year ended 30 April 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 3,649,228 |  | 3,485,253 |  |

| Depreciation charges | 1,359,283 |  | 1,127,567 |  |

| Profit on disposal of fixed assets | (18,011 | ) | (66,620 | ) |

| Government grants | - |  | (4,296 | ) |

| Finance costs | 109,037 |  | 160,733 |  |

| Finance income | (18,778 | ) | (8,937 | ) |

5,080,759 |  | 4,693,700 |  |

| (Increase)/decrease in stocks | (218,729 | ) | 69,287 |  |

| Increase in trade and other debtors | (4,031,923 | ) | (935,016 | ) |

| Increase in trade and other creditors | 3,385,600 |  | 97,640 |  |

| Cash generated from operations | 4,215,707 |  | 3,925,611 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 30 April 2025

| 30.4.25 |  | 1.5.24

£ | £ |

| Cash and cash equivalents | 1,977,309 |  | 668,248 |  |

| Bank overdrafts | (3,761 | ) | - |  |

1,973,548 |  | 668,248 |  |

| Year ended 30 April 2024

| 30.4.24 |  | 1.5.23

£ | £ |

| Cash and cash equivalents | 668,248 |  | 1,194,587 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Cash Flow Statement

for the year ended 30 April 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1.5.24 | Cash flow | At 30.4.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 668,248 |  | 1,309,061 |  | 1,977,309 |  |

| Bank overdrafts | - |  | (3,761 | ) | (3,761 | ) |

668,248 |  | 1,305,300 |  | 1,973,548 |  |

| Debt

| Finance leases | (1,047,790 | ) | (1,470,978 | ) | (2,518,768 | ) |

| Debts falling due within 1 year | (248,220 | ) | 20,970 |  | (227,250 | ) |

| Debts falling due after 1 year | (901,763 | ) | 201,118 |  | (700,645 | ) |

(2,197,773 | ) | (1,248,890 | ) | (3,446,663 | ) |

| Total | (1,529,525 | ) | 56,410 |  | (1,473,115 | ) |

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements

for the year ended 30 April 2025

1. | STATUTORY INFORMATION

| Lilliput Holdings 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own income statement in these financial statements.

| Basis of consolidation

| The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

| The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.

| Where an acquisition complies with Group reconstruction rules, per FRS102 S19.29, merger accounting principles have been applied.

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Revenue

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Sale of goods

| Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

| - the Group has transferred the significant risks and rewards of ownership to the buyer;

| - the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

| - the amount of revenue can be measured reliably;

| - it is probable that the Group will receive the consideration due under the transaction; and

| - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - the amount of revenue can be measured reliably;

| - it is probable that the Group will receive the consideration due under the contract;

| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and

| - the costs incurred and the costs to complete the contract can be measured reliably.

| Goodwill

| Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Consolidated Statement of Income and Retained Earnings over its useful economic life to a maximum of 10 years.

| 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.

| Computer software is being amortised evenly over its estimated useful life of five years.

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| 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 shorter.

| Freehold property |  | - | 2% on cost less residual value |

| Leasehold improvements |  | - | 10-33% on cost and over the term of the lease |

| Plant and machinery |  | - | 4-50% on cost |

| Fixtures and fittings |  | - | 15-20% on cost |

| Motor vehicles |  | - | 10-50% on cost; and 20% on reducing balance |

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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

| Investment property

| Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Consolidated Statement of Income and Retained Earnings.

| Valuation of investments

| Investments in subsidiaries are measured at cost less accumulated impairment. Where merger relief is applicable, the cost of the investment in a subsidiary undertaking is measured at the nominal value of the shares issued together with the fair value of any additional consideration paid.

| Stocks

| Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

| At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The Group only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

| 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 Consolidated 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 a financial asset has a variable 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 Group would receive for the asset if it were to be sold at the balance sheet 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 Consolidated Statement of Comprehensive Income, 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.

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| The Company's functional and presentational currency is GBP.

| Transactions and balances

| 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.

| Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

| Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

| Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Consolidated Statement of Comprehensive Income within 'finance income or costs'.

| All other foreign exchange gains and losses are presented in profit or loss within 'other operating

| income'.

| 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 group operates a defined contribution pension scheme. Contributions payable to the Group's pension scheme are charged to profit or loss in the period to which they relate. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Group in independently administered funds.

| Going concern

| The financial statements have been prepared on a going concern basis. The Directors have considered relevant information, including the annual budget and the impact of subsequent events in making their assessment.

| Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.

| Interest income

| Interest income is recognised in profit or loss using the effective interest method.

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Finance costs

| Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

| Borrowing costs

| All borrowing costs are recognised in profit or loss in the year in which they are incurred.

| Debtors

| Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

| Creditors

| Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

| Employee Benefits

| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

3. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| In the application of the Group's accounting policies, which are described in note 2, management is required to make judgments, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| The measurement of provision in relation to warranty costs has been calculated to cover the anticipated future costs to be incurred for warranty claims on goods sold.

| The provision in relation to the recoverability of trade debtors and retentions is estimated based on historical experience.

| The directors have used judgement in their valuations of freehold and investment property.

4. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the group.

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 67,235,589 |  | 59,019,567 |  |

| Rest of the world | 1,307,203 |  | 1,102,612 |  |

68,542,792 |  | 60,122,179 |  |

5. | OTHER OPERATING INCOME

| 2025 |  | 2024

£ | £ |

| Rents received | 4,800 |  | 4,800 |  |

| Other operating income | 17,374 |  | 16,109 |  |

| Government grants | 4,620 |  | 4,296 |  |

26,794 |  | 25,205 |  |

6. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 19,705,894 |  | 16,910,758 |  |

| Social security costs | 2,043,144 |  | 1,680,691 |  |

| Other pension costs | 467,965 |  | 338,123 |  |

22,217,003 |  | 18,929,572 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

6. | EMPLOYEES AND DIRECTORS - continued

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Production staff | 418 |  | 344 |  |

| Administrative staff | 127 |  | 135 |  |

545 |  | 479 |  |

| The average number of employees by undertakings that were proportionately consolidated during the year was 545 (2024 - 479 ) .

7. | DIRECTORS' REMUNERATION

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 508,956 |  | 454,923 |  |

| Directors' pension contributions to money purchase schemes | 26,149 |  | 14,900 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Defined benefit schemes | 3 |  | 3 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 229,244 |  | 278,678 |  |

| Pension contributions to money purchase schemes | 6,479 |  | - |  |

| Key management personnel

| All directors and certain senior employees who has authority and responsibility for planning, directing and controlling the activities of the Group are considered to be key management personnel. Total remuneration in respect of these individuals is £535,803 (2024 - £525,155).

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

8. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Other operating leases |  | 417,132 |  |  | 657,892 |  |

| Depreciation - owned assets |  | 913,461 |  |  | 1,039,295 |  |

| Depreciation - assets on hire purchase contracts |  | 368,889 |  |  | 45,060 |  |

| Profit on disposal of fixed assets |  | (18,011 | ) |  | (66,620 | ) |

| Goodwill amortisation |  | 57,448 |  |  | 57,448 |  |

| Computer software amortisation |  | 19,486 |  |  | - |  |

| Management have changed the policy for recognition of certain costs which has changed the split between cost of sales, distribution costs and administration costs. The comparative 2024 figures have been restated for consistency.

| The effect has been as follows:

| £ |  |

| Cost of sales - reduction in costs |  | (2,151,915 | ) |

| Distribution costs - reduction in costs |  | (1,014,369 | ) |

| Administration costs - increase in costs |  | 3,166,284 |  |

9. | AUDITORS' REMUNERATION

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Fees payable to the company's auditors and their associates for the audit of the company's financial statements |  | 52,240 |  |  | 50,600 |  |

| All other services |  | 41,735 |  |  | 8,450 |  |

|  | 93,975 |  |  | 59,050 |  |

10. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 2025 |  | 2024

£ | £ |

| Bank interest receivable | 18,778 |  | 8,937 |  |

11. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank interest | 109,037 |  | 160,733 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

12. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 1,144,999 |  | 613,466 |  |

| Prior year tax | (68,040 | ) | - |  |

| Total current tax | 1,076,959 |  | 613,466 |  |

| Deferred tax | (4,979 | ) | 340,190 |  |

| Tax on profit | 1,071,980 |  | 953,656 |  |

| UK corporation tax has been charged at 25 % (2024 - 25 %).

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 3,649,228 |  | 3,485,253 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 912,307 |  | 871,313 |  |

| Effects of:

| Expenses not deductible for tax purposes | 228,795 |  | 53,119 |  |

| Income not taxable for tax purposes | - |  | (1,074 | ) |

| Utilisation of tax losses | - |  | (1,436 | ) |

| Adjustments to tax charge in respect of previous periods | (68,040 | ) | - |  |

| Short-term timing difference leading to an increase (decrease) in taxation | - |  | 31,734 |  |

| Unprovided deferred tax relief available on losses | 112,100 |  | - |  |

| Unprovided deferred tax | 3,300 |  | - |  |

| Adjustmenst to deferred tax charge in respect of prior periods | (116,482 | ) | - |  |

| Total tax charge | 1,071,980 |  | 953,656 |  |

| Tax effects relating to effects of other comprehensive income |

| There were no tax effects for the year ended 30 April 2025.

| 2024 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Gain on revaluation of property | 1,385,100 |  | - |  | 1,385,100 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

13. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

14. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| A Ordinary shares of £1 each |

| Interim | 900,604 |  | 176,770 |  |

15. | INTANGIBLE FIXED ASSETS

| Group

| Computer |

| Goodwill |  | software |  | Totals

£ | £ | £ |

| COST

| At 1 May 2024 | 574,480 |  | - |  | 574,480 |  |

| Additions | - |  | 10,164 |  | 10,164 |  |

| Reclassification/transfer | - |  | 92,567 |  | 92,567 |  |

| At 30 April 2025 | 574,480 |  | 102,731 |  | 677,211 |  |

| AMORTISATION

| At 1 May 2024 | 348,578 |  | - |  | 348,578 |  |

| Amortisation for year | 57,448 |  | 19,486 |  | 76,934 |  |

| At 30 April 2025 | 406,026 |  | 19,486 |  | 425,512 |  |

| NET BOOK VALUE

| At 30 April 2025 | 168,454 |  | 83,245 |  | 251,699 |  |

| At 30 April 2024 | 225,902 |  | - |  | 225,902 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

16. | TANGIBLE FIXED ASSETS

| Group

| Freehold |  | Leasehold |  | Plant and |  | Motor |

| property |  | improvements |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 May 2024 | 4,500,000 |  | 547,184 |  | 9,980,943 |  | 1,726,801 |  | 16,754,928 |  |

| Additions | - |  | 47,597 |  | 1,536,718 |  | 690,688 |  | 2,275,003 |  |

| Disposals | - |  | - |  | (826,168 | ) | (221,187 | ) | (1,047,355 | ) |

| Reclassification/transfer | - |  | - |  | (92,567 | ) | - |  | (92,567 | ) |

| At 30 April 2025 | 4,500,000 |  | 594,781 |  | 10,598,926 |  | 2,196,302 |  | 17,890,009 |  |

| DEPRECIATION

| At 1 May 2024 | - |  | 213,631 |  | 5,820,951 |  | 682,071 |  | 6,716,653 |  |

| Charge for year | - |  | 48,970 |  | 952,026 |  | 281,354 |  | 1,282,350 |  |

| Eliminated on disposal | - |  | - |  | (753,030 | ) | (102,582 | ) | (855,612 | ) |

| At 30 April 2025 | - |  | 262,601 |  | 6,019,947 |  | 860,843 |  | 7,143,391 |  |

| NET BOOK VALUE

| At 30 April 2025 | 4,500,000 |  | 332,180 |  | 4,578,979 |  | 1,335,459 |  | 10,746,618 |  |

| At 30 April 2024 | 4,500,000 |  | 333,553 |  | 4,159,992 |  | 1,044,730 |  | 10,038,275 |  |

| Cost or valuation at 30 April 2025 is represented by:

| Freehold |  | Leasehold |  | Plant and |  | Motor |

| property |  | improvements |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2024 | 361,201 |  | - |  | - |  | - |  | 361,201 |  |

| Cost | 4,138,799 |  | 594,781 |  | 10,598,926 |  | 2,196,302 |  | 17,528,808 |  |

4,500,000 |  | 594,781 |  | 10,598,926 |  | 2,196,302 |  | 17,890,009 |  |

| The fair value of the freehold property has been arrived at on the basis of a valuation carried out in October

| 2023 by FHP Property Consultants, who are not connected with the company. The valuation was made on an open market value basis. The directors have adopted this valuation as at 30th April 2025 as, in their opinion, the market value at that date was not materially different.

| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Plant and machinery |  |  | 2,250,027 |  | 316,077 |  |

| Motor vehicles |  |  | 665,036 |  | 333,255 |  |

|  | 2,915,063 |  | 649,332 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

17. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 May 2024 | 3,300,100 |  |

| Additions | 51 |  |

| At 30 April 2025 | 3,300,151 |  |

| NET BOOK VALUE

| At 30 April 2025 | 3,300,151 |  |

| At 30 April 2024 | 3,300,100 |  |

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiaries

| Emplas Window Systems Limited (01882731)

| Registered office: Huxley Close, Park Farm South, Wellingborough, Northants, NN8 6AB, UK

| Nature of business: PVC-U manufacture and installation

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Character Homes (Wellingborough) Limited (01835665)

| Registered office: Huxley Close, Park Farm South, Wellingborough, Northants, NN8 6AB, UK

| Nature of business: letting and operating of own or leased real estate

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Lilliput Glass Holdings Limited (11328590)

| Registered office: Huxley Close, Park Farm South, Wellingborough, Northants, NN8 6AB, UK

| Nature of business: holding company

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| T & K Home Improvements Limited (02172185)

| Registered office: Huxley Close, Park Farm South, Wellingborough, Northants, NN8 6AB, UK

| Nature of business: Installation of PVC-U products

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Shares are held by a subsidiary undertaking, Emplas Window Systems Ltd.

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

17. | FIXED ASSET INVESTMENTS - continued

| Padiham Glass Holdings Limited (09450322)

| Registered office: Unit 10a Glastec Centre Shuttleworth Mead Business Park, Padiham, Burnley, Lancashire, United Kingdom, BB12 7NG

| Nature of business: holding company

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Shares are held by a subsidiary undertaking, Lilliput Glass Holdings Ltd.

| Padiham Glass Limited (01520736)

| Registered office: Unit 10a Glastec Centre Shuttleworth Mead Business Park, Padiham, Burnley, Lancashire, United Kingdom, BB12 7NG

| Nature of business: Shaping and processing of flat glass

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Shares are held by a subsidiary undertaking, Padiham Glass Holdings Ltd.

| Emplas Commercial (North) Limited (15476920)

| Registered office: Huxley Close, Park Farm South, Wellingborough, Northants, NN8 6AB, UK

| Nature of business: Installation of PVC-U products

| %

| Class of shares: | holding |

| Ordinary | 76.00 |

| Shares are held by a subsidiary undertaking, Emplas Window Systems Ltd.

| EVA CRM Limited (15594255)

| Registered office: Huxley Close, Park Farm South, Wellingborough, Northants, NN8 6AB, UK

| Nature of business: Information technology consultancy activities

| %

| Class of shares: | holding |

| Ordinary | 51.00 |

18. | INVESTMENT PROPERTY

| Group

| Total

£ |

| FAIR VALUE

| At 1 May 2024 | 944,957 |  |

| Additions | 203,210 |  |

| At 30 April 2025 | 1,148,167 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1,148,167 |  |

| At 30 April 2024 | 944,957 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

18. | INVESTMENT PROPERTY - continued

| Group

| Investment property comprises residential properties held for rental purposes. The investment properties have been measured at fair value in accordance with FRS102. In the absence of recent market transactions for directly comparable properties and where external valuations have not been obtained, the directors have determined the fair values based on their own knowledge and experience of the properties and the local property markets. In forming their estimates, the directors have considered the condition, location and characteristics of each property, current market conditions, and observable data from similar properties where available. These valuations represent the directors' best estimates of the amounts for which the properties could be exchanged between knowledgeable, willing parties at the reporting date.

19. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Stocks | 2,159,335 |  | 1,999,803 |  |

| Work-in-progress | 628,459 |  | 569,262 |  |

2,787,794 |  | 2,569,065 |  |

20. | DEBTORS

| Group |

2025 | 2024 |

£ | £ |

| Amounts falling due within one year: |

| Trade debtors | 6,320,938 |  | 5,734,227 |  |

| Amounts owed by associates | 537,550 |  | - |  |

| Other debtors | 2,394,005 |  | 2,465,324 |  |

| Amounts receivable on contracts | 5,419,493 |  | 3,683,506 |  |

| Tax | 182,070 |  | 47,847 |  |

| VAT | 3,849 |  | - |  |

| Prepayments and accrued income | 965,342 |  | 635,834 |  |

15,823,247 |  | 12,566,738 |  |

| Amounts falling due after more than one | year: |

| Other debtors | 805,207 |  | - |  |

| Aggregate amounts | 16,628,454 |  | 12,566,738 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

21. | CASH AT BANK AND IN HAND

| Group |

2025 | 2024 |

£ | £ |

| Cash at bank | 1,975,330 |  | 667,066 |  |

| Cash in hand | 1,979 |  | 1,182 |  |

1,977,309 |  | 668,248 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 24) | 231,011 |  | 248,220 |  | - |  | - |  |

| Hire purchase contracts (see note 25) | 591,667 |  | 267,833 |  | - |  | - |  |

| Trade creditors | 9,437,292 |  | 6,178,802 |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | 151 |  | 100 |  |

| Tax | 588,792 |  | 375,778 |  | - |  | - |  |

| Social security and other taxes | 996,590 |  | 991,946 |  | - |  | - |  |

| Other creditors | 855,423 |  | 517,940 |  | - |  | - |  |

| Accruals and deferred income | 1,583,016 |  | 1,793,860 |  | - |  | - |  |

14,283,791 |  | 10,374,379 |  | 151 |  | 100 |  |

| Obligations under finance lease and hire purchase agreements are secured over the assets to which they relate.

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

| Group |

2025 | 2024 |

£ | £ |

| Bank loans (see note 24) | 700,645 |  | 901,763 |  |

| Hire purchase contracts (see note 25) | 1,927,101 |  | 779,957 |  |

| Deferred government grants | - |  | 320 |  |

2,627,746 |  | 1,682,040 |  |

| Bank loans are repayable between April 2024 and January 2033. Interest is charged at between 1.5% (fixed) and 1.91% (variable) per annum.

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

24. | LOANS

| An analysis of the maturity of loans is given below:

| Group |

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on | demand: |

| Bank overdrafts | 3,761 |  | - |  |

| Bank loans | 227,250 |  | 248,220 |  |

231,011 |  | 248,220 |  |

| Amounts falling due between two and five | years: |

| Bank loans - 2-5 years | 486,937 |  | 809,368 |  |

| Amounts falling due in more than five years: |

| Repayable by instalments

| Bank loans more 5 yr by instal | 213,708 |  | 92,395 |  |

25. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 591,667 |  | 267,833 |  |

| Between one and five years | 1,927,101 |  | 779,957 |  |

2,518,768 |  | 1,047,790 |  |

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 481,677 |  | 830,650 |  |

| Between one and five years | 1,454,674 |  | 2,163,587 |  |

| In more than five years | 768,000 |  | 720,000 |  |

2,704,351 |  | 3,714,237 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

26. | SECURED DEBTS

| The bank loans are secured by a fixed and floating charge over the assets of the group.

| The bank overdraft and bank loans are also secured across the group by way of a composite guarantee in respect of any debt arising in favour of HSBC UK Bank PLC with the group.

| Obligations under finance lease and hire purchase agreements are secured over the assets to which they relate.

27. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax | 1,138,248 |  | 1,143,227 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 May 2024 | 1,143,227 |  |

| Utilised during year | (4,979 | ) |

| Balance at 30 April 2025 | 1,138,248 |  |

| The provision for deferred taxation is made up as follows:

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Accelerated capital allowances |  |  | 1,183,974 |  | 1,117,973 |  |

| Unrealised gains on investment property |  |  | (45,727 | ) | 25,254 |  |

| At end of year |  |  | 1,138,247 |  | 1,143,227 |  |

28. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 1,617,000 | A Ordinary | £1 | 2,475,000 |  | 2,475,000 |  |

| 1,023,000 | B Ordinary | £1 | 365,000 |  | 365,000 |  |

| 330,000 | C Ordinary | £1 | 330,000 |  | 330,000 |  |

| 330,000 | D Ordinary | £1 | 130,000 |  | 130,000 |  |

3,300,000 |  | 3,300,000 |  |

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

29. | RESERVES

| Merger reserve

| The balance on the merger reserve represents the nominal value of the consideration given in excess of the nominal value of the ordinary shares issued in an acquisition made by the issue of shares. The balance on the reserve of £1,999,000 arose on the group re-organisation on 1 June 2015 whereby Lilliput Holdings Limited acquired the entire share capital of Emplas Window Systems Limited under a share for share exchange.

| Profit and loss account

| This includes all current and prior period retained profits and losses

| Revaluation reserve

| This represents the cumulative net increase in the carrying amount of property arising from revaluations above original cost, net of any subsequent downward revaluations to the extent that they do not reverse previously recognised gains.

30. | NON-CONTROLLING INTERESTS

|  | Ownership |  | Opening balance |  | Acquisition of NCI |  | Share of profit / (loss) |  | Dividends paid |  | Closing balance |

|  | % |  | £ |  | £ |  | £ |  | £ |  | £ |

| EVA CRM Ltd |  | 49% |  | - |  | 49 |  | (232,290 | ) | - |  | (232,241 | )

| Emplas (Commercial) North Ltd |  | 24% |  | - |  | 24 |  | 63,895 |  | - |  | 63,919 |

|  | - |  | 73 |  | (168,395 | ) | - |  | (168,322 | )

31. | PENSION COMMITMENTS

| The Group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. Contributions totalling £93,606 (2024 - £62,746) were payable to the fund at the balance sheet date.

32. | CONTINGENT LIABILITIES

| The Group has entered into a multilateral guarantee in respect of any debt arising in favour of HSBC UK Bank plc by Acorn Aluminium Limited, an associated company. The maximum potential liability to the Company in respect of amounts due to HSBC UK Bank plc at the year end is £NIL (2024 - £NIL).

33. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| As at 30 April 2025 there were overdrawn director's loan account balances of £76,411 (2024 - £722,240).

| Interest on the loan is charged at 2.25%.

| In aggregate, the directors received dividends of £900,604 (2024 - £176,770).

| Lilliput Holdings Limited (Registered number: 09597086) |

Notes to the Consolidated Financial Statements - continued

for the year ended 30 April 2025

34. | RELATED PARTY TRANSACTIONS

| The Group has taken advantage of the provisions available under FRS102 not to report transactions with other members of the group of companies headed by Lilliput Holdings Limited.

| The Group has made sales and charged management fees of £237,934 (2024 - £2,016,731) to companies under common control. At the year end £15,386 (2024 - £34,373) was due from these companies.

| The Group has made purchases of £129,899 (2024 - £40,563) from companies under common control. At the year end £Nil (2024 - £Nil) was owed to these companies.

| The group has made a loan of £537,500 to companies under common control. At the year end £537,550 was due from these companies.

35. | ULTIMATE CONTROLLING PARTY

| In the opinion of the directors, there is no ultimate controlling party as no one individual or entity holds a controlling interest in Lilliput Holdings Ltd.