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REGISTERED NUMBER: SC366793 (Scotland)

| Financial Statements |

| For The Year Ended 31 October 2025 |

| for |

| Megatech Projects Ltd. |

Megatech Projects Ltd. (Registered number: SC366793)

Contents of the Financial Statements

For The Year Ended 31 October 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Megatech Projects Ltd.

Company Information

For The Year Ended 31 October 2025

| DIRECTOR: | J G Rowe

| SECRETARY: | J G Rowe

| REGISTERED OFFICE: | 91 Alexander Street

| Airdrie

| North Lanarkshire

| ML6 0BD

| REGISTERED NUMBER: | SC366793 (Scotland)

| ACCOUNTANTS: | Cahill Jack Associates Limited

| 91 Alexander Street

| Airdrie

| North Lanarkshire

| ML6 0BD

Megatech Projects Ltd. (Registered number: SC366793)

Balance Sheet

31 October 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 272,291 |  | 344,012 |  |

Investments | 5 | 40,799 |  | 40,799 |  |

Investment property | 6 | 1,565,517 |  | 1,565,517 |  |

1,878,607 |  | 1,950,328 |  |

CURRENT ASSETS

Stocks | 350,000 |  | - |  |

Debtors | 7 | 67,116 |  | 235,392 |  |

Cash at bank | 502,742 |  | 1,358,051 |  |

919,858 |  | 1,593,443 |  |

CREDITORS

Amounts falling due within one year | 8 | 176,089 |  | 243,038 |  |

NET CURRENT ASSETS | 743,769 |  | 1,350,405 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,622,376 |  | 3,300,733 |  |

PROVISIONS FOR LIABILITIES | 9 | 36,129 |  | 50,642 |  |

NET ASSETS | 2,586,247 |  | 3,250,091 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | 2,585,247 |  | 3,249,091 |  |

SHAREHOLDERS' FUNDS | 2,586,247 |  | 3,250,091 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Megatech Projects Ltd. (Registered number: SC366793)

Balance Sheet - continued

31 October 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 December 2025 and were signed by:

J G Rowe - Director

Megatech Projects Ltd. (Registered number: SC366793)

Notes to the Financial Statements

For The Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Megatech Projects Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

| Significant judgements and estimates

| The preparation of financial information in compliance with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

| The directors have identified the following areas which give rise to estimation uncertainty:

| 1) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and any residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation and maintenance programmes are taken into account.

| 2) Valuation of stocks and long term work in progress uses estimations for contract costs and revenues. The director bases his judgement of contract costs and revenues on the latest available information, which includes detailed contract valuations. In many cases the results reflect the expected outcome of long-term contractual obligations which span more than one reporting period. Contract costs and revenues are affected by a variety of uncertainties that depend on the outcome of future events and often need to be revised as events unfold and uncertainties are resolved. The estimates are updated regularly and significant changes are highlighted through established internal review procedures which ensure that there is no significant over or under statement of profits earned in any period.

| Long-term work in progress is therefore calculated based on the excess of expected revenue from each contract less appropriate payments received to date and is included within debtors in the balance sheet under the heading of amounts recoverable on contracts.

| 3) Debtors recoverability: For any balance considered irrecoverable, provision is made against the debtor. The remaining debtor balance at the year end not provided for, is therefore considered fully recoverable.

| 4) Revaluation of Investment Property

| Investment property is included at fair value which is determined by the director. Various assumptions and estimates are used in making the assessment of the fair value.

| 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 and in any future periods affected.

Megatech Projects Ltd. (Registered number: SC366793)

Notes to the Financial Statements - continued

For The Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

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

| Rendering of services

| Revenue from agreement to provide services is recognised in the period in which the services are provided when all of the following conditions are satisfied:

| - the amount of revenue can be measured reliably;

| - it is probable that the company will receive the consideration due under the agreement.

| Tangible fixed assets

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

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| The company adds to the carrying amount of an item of fixed asset the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the

| company. Any carrying amount of the replaced part is written off. Repairs and maintenance are charged to

| the profit and loss during the year in which they are incurred except for any parts unused at the year end.

| Asset residual values, useful lives and depreciation methods of relevant assets are reviewed, and adjusted

| prospectively if appropriate. Gains and losses on disposals are determined by comparing the proceeds with

| the carrying amount and recognised in the profit and loss during the year of disposal.

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

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

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| The company's investment properties were valued at the open market value in 2020 and are subsequently reviewed by the directors for any change in fair value.

| Investment properties are properties held to earn rentals and for capital appreciation. They were initially measured at cost with gains and losses arising from changes in the fair value included in the profit and loss in the period in which they arose.

Megatech Projects Ltd. (Registered number: SC366793)

Notes to the Financial Statements - continued

For The Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Stocks and work in progress

| Where the substance of a contract is that the contractual obligations are performed gradually over time,

| revenue is recognised as contract activity progresses to reflect the partial performance of our contractual

| obligations. The amount of revenue included reflects the accrual of the right to consideration as contract

| activity progresses by reference to value of the work performed.

| Income and profits on long term contracts are recognised in proportion to the value of work done on the contract after making an estimate of costs to complete and risks associated with the contract. Full provision is made for any losses in the year in which they are first foreseen.

| 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.

| Other items

| Finance costs

| Finance costs are charged to profit or loss over the term of the debt using the effective interest rate 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.

| 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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

| Holiday pay

| A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

Megatech Projects Ltd. (Registered number: SC366793)

Notes to the Financial Statements - continued

For The Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans, directors' loans and forward currency contracts (derivatives).

| Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Forward currency contracts are derivative financial instruments. They are measured at fair value. Gains and losses arising from changes in the fair value of derivative financial instruments are included in the profit or loss in the period in which they arise.

| Financial assets that are measured at 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 profit and loss.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 November 2024 | 119,238 |  | 2,637 |  | 494,306 |  | 46,132 |  | 662,313 |  |

| Additions | - |  | - |  | 106,446 |  | - |  | 106,446 |  |

| Disposals | - |  | - |  | (111,872 | ) | - |  | (111,872 | ) |

| At 31 October 2025 | 119,238 |  | 2,637 |  | 488,880 |  | 46,132 |  | 656,887 |  |

| DEPRECIATION

| At 1 November 2024 | 62,993 |  | 2,576 |  | 221,627 |  | 31,105 |  | 318,301 |  |

| Charge for year | 14,061 |  | 15 |  | 72,929 |  | 3,756 |  | 90,761 |  |

| Eliminated on disposal | - |  | - |  | (24,466 | ) | - |  | (24,466 | ) |

| At 31 October 2025 | 77,054 |  | 2,591 |  | 270,090 |  | 34,861 |  | 384,596 |  |

| NET BOOK VALUE

| At 31 October 2025 | 42,184 |  | 46 |  | 218,790 |  | 11,271 |  | 272,291 |  |

| At 31 October 2024 | 56,245 |  | 61 |  | 272,679 |  | 15,027 |  | 344,012 |  |

Megatech Projects Ltd. (Registered number: SC366793)

Notes to the Financial Statements - continued

For The Year Ended 31 October 2025

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 40,799 |  |

| NET BOOK VALUE

| At 31 October 2025 | 40,799 |  |

| At 31 October 2024 | 40,799 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 November 2024

| and 31 October 2025 | 1,565,517 |  |

| NET BOOK VALUE

| At 31 October 2025 | 1,565,517 |  |

| At 31 October 2024 | 1,565,517 |  |

| The purchase price is taken to be representative of the current market value which has not changed since date of acquisition.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 2,678 |  | - |  |

| Organon SIPP loan | 2,174 |  | 15,870 |  |

| Other debtors | - |  | 196,029 |  |

| Tax | 43,015 |  | - |  |

| VAT | 17,739 |  | 18,358 |  |

| Prepayments | 1,510 |  | 5,135 |  |

67,116 |  | 235,392 |  |

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

2025 | 2024 |

£ | £ |

| Tax | - |  | 7,084 |  |

| Social security and other taxes | 13,818 |  | 27,607 |  |

| Pension creditor | 5,680 |  | 5,680 |  |

| Directors' current accounts | 152,591 |  | 1 |  |

| Accrued expenses | 4,000 |  | 202,666 |  |

176,089 |  | 243,038 |  |

Megatech Projects Ltd. (Registered number: SC366793)

Notes to the Financial Statements - continued

For The Year Ended 31 October 2025

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 36,129 |  | 50,642 |  |

| Deferred |

| tax |

£ |

| Balance at 1 November 2024 | 50,642 |  |

| Accelerated capital allowances | (14,513 | ) |

| Balance at 31 October 2025 | 36,129 |  |

10. | ULTIMATE CONTROLLING PARTY

| The controlling party is J G Rowe.