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REGISTERED NUMBER: 02614665 (England and Wales)

| ABRIDGED UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

| FOR |

| MITRE INDUSTRIES LIMITED |

| TRADING AS |

| RAYMECH |

MITRE INDUSTRIES LIMITED (REGISTERED NUMBER: 02614665) |

| TRADING AS RAYMECH |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 May 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MITRE INDUSTRIES LIMITED |

| TRADING AS RAYMECH |

COMPANY INFORMATION

for the year ended 31 May 2025

| DIRECTORS: | P Johnston

| D Butcher

| REGISTERED OFFICE: | Seven Stars House

| 1 Wheler Road

| Coventry

| CV3 4LB

| REGISTERED NUMBER: | 02614665 (England and Wales)

MITRE INDUSTRIES LIMITED (REGISTERED NUMBER: 02614665) |

| TRADING AS RAYMECH |

ABRIDGED BALANCE SHEET

31 May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 88,825 |  | 100,366 |  |

CURRENT ASSETS

Stocks | 7,800 |  | 7,800 |  |

Debtors | 76,655 |  | 152,003 |  |

Cash at bank and in hand | 150,061 |  | 161,199 |  |

234,516 |  | 321,002 |  |

CREDITORS

Amounts falling due within one year | 161,209 |  | 288,449 |  |

NET CURRENT ASSETS | 73,307 |  | 32,553 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 162,132 |  | 132,919 |  |

CREDITORS

Amounts falling due after more than one year | (3,531 | ) | (29,427 | ) |

PROVISIONS FOR LIABILITIES | (21,977 | ) | (18,857 | ) |

NET ASSETS | 136,624 |  | 84,635 |  |

CAPITAL AND RESERVES

Called up share capital | 60 |  | 60 |  |

Retained earnings | 136,564 |  | 84,575 |  |

136,624 |  | 84,635 |  |

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

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

MITRE INDUSTRIES LIMITED (REGISTERED NUMBER: 02614665) |

| TRADING AS RAYMECH |

ABRIDGED BALANCE SHEET - continued

31 May 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 February 2026 and were signed on its behalf by:

D Butcher - Director

MITRE INDUSTRIES LIMITED (REGISTERED NUMBER: 02614665) |

| TRADING AS RAYMECH |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 May 2025

1. | STATUTORY INFORMATION

| Mitre Industries 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.

| The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below.

| Turnover

| Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

| 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 the shorter.

| Plant and machinery | - | 12% on reducing balance

| Fixtures & fittings | - | 10% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Stocks

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

| 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.

MITRE INDUSTRIES LIMITED (REGISTERED NUMBER: 02614665) |

| TRADING AS RAYMECH |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| 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 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.

| Pension commitments

| Included within liabilities at the year end are outstanding pension contributions of £nil (2024- £219)

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 8 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 June 2024 | 321,220 |  |

| Additions | 831 |  |

| At 31 May 2025 | 322,051 |  |

| DEPRECIATION

| At 1 June 2024 | 220,854 |  |

| Charge for year | 12,372 |  |

| At 31 May 2025 | 233,226 |  |

| NET BOOK VALUE

| At 31 May 2025 | 88,825 |  |

| At 31 May 2024 | 100,366 |  |

MITRE INDUSTRIES LIMITED (REGISTERED NUMBER: 02614665) |

| TRADING AS RAYMECH |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

4. | TANGIBLE FIXED ASSETS - continued

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

| Totals

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 55,417 |  |

| DEPRECIATION

| At 1 June 2024 | 12,502 |  |

| Charge for year | 5,150 |  |

| At 31 May 2025 | 17,652 |  |

| NET BOOK VALUE

| At 31 May 2025 | 37,765 |  |

| At 31 May 2024 | 42,915 |  |

5. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 15,240 |  | 31,865 |  |

| Hire purchase liabilities are secured against the assets to which they relate.

6. | CONTROLLING INTERESTS

| The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.