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REGISTERED NUMBER: 01664951 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST OCTOBER 2025 |

| FOR |

| ADTECH POLYMER ENGINEERING LIMITED |

ADTECH POLYMER ENGINEERING LIMITED (REGISTERED NUMBER: 01664951)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

ADTECH POLYMER ENGINEERING LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST OCTOBER 2025

| DIRECTORS: | S E Deverell

| D M Hart

| A J T Scott

| SECRETARY: | V J Conway

| REGISTERED OFFICE: | Unit 40 Aston Down East

| Frampton Mansell

| Stroud

| Gloucestershire

| GL6 8HX

| REGISTERED NUMBER: | 01664951 (England and Wales)

| AUDITORS: | Shaw Gibbs (Audit) Limited

| Chartered Certified Accountants

| Statutory Auditor

| 25 St Thomas Street

| Winchester

| Hampshire

| SO23 9HJ

ADTECH POLYMER ENGINEERING LIMITED (REGISTERED NUMBER: 01664951)

BALANCE SHEET

31ST OCTOBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 408,335 |  | 388,296 |  |

CURRENT ASSETS

Stocks | 656,322 |  | 756,893 |  |

Debtors | 5 | 572,686 |  | 1,256,293 |  |

Cash at bank and in hand | 1,006,112 |  | 984,227 |  |

2,235,120 |  | 2,997,413 |  |

CREDITORS

Amounts falling due within one year | 6 | 584,489 |  | 696,734 |  |

NET CURRENT ASSETS | 1,650,631 |  | 2,300,679 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,058,966 |  | 2,688,975 |  |

PROVISIONS FOR LIABILITIES | 33,208 |  | 36,267 |  |

NET ASSETS | 2,025,758 |  | 2,652,708 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 110 |  | 110 |  |

Revaluation reserve | 9 | 163,925 |  | 164,908 |  |

Retained earnings | 9 | 1,861,723 |  | 2,487,690 |  |

SHAREHOLDERS' FUNDS | 2,025,758 |  | 2,652,708 |  |

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th March 2026 and were signed on its behalf by:

S E Deverell - Director

ADTECH POLYMER ENGINEERING LIMITED (REGISTERED NUMBER: 01664951)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

1. | STATEMENT OF COMPLIANCE

| Adtech Polymer Engineering Limited is a private company, limited by shares and incorporated in England and Wales. The address of the registered office is Unit 40, Aston Down East, Frampton Mansell, Stroud, Gloucestershire, GL6 8HX. The registration number is 01664951.

| The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest pound.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared in accordance with the 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.

| Related party exemption

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

| Turnover

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

| On the sale of goods income is recognised at the point that the goods are dispatched to the customer.

| Tangible fixed assets

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

| Freehold property | - | 5% on cost, 2% on cost and not provided

| Plant and machinery | - | 20% on cost

| The estimated value of the land is not depreciated.

| Stocks

| Raw materials are valued at the lower of the weighted average cost and net realisable value, being the estimated selling price less costs to complete and sell. Finished goods that are manufactured in house 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 the profit and loss.

| 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.

ADTECH POLYMER ENGINEERING LIMITED (REGISTERED NUMBER: 01664951)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| 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.

| Land and building

| The company took advantage of the arrangements under Financial Reporting Standard 35.10(d) on transition to FRS 102, where the freehold property's valuation becomes the deemed cost on transition. The freehold property is then depreciated over its revised useful life of 50 years.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 25 (2024 - 26 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |

| property |  | machinery |  | Totals

£ | £ | £ |

| COST

| At 1st November 2024 | 371,621 |  | 358,663 |  | 730,284 |  |

| Additions | 38,002 |  | 9,406 |  | 47,408 |  |

| Disposals | - |  | (2,874 | ) | (2,874 | ) |

| At 31st October 2025 | 409,623 |  | 365,195 |  | 774,818 |  |

| DEPRECIATION

| At 1st November 2024 | 36,716 |  | 305,272 |  | 341,988 |  |

| Charge for year | 5,665 |  | 21,704 |  | 27,369 |  |

| Eliminated on disposal | - |  | (2,874 | ) | (2,874 | ) |

| At 31st October 2025 | 42,381 |  | 324,102 |  | 366,483 |  |

| NET BOOK VALUE

| At 31st October 2025 | 367,242 |  | 41,093 |  | 408,335 |  |

| At 31st October 2024 | 334,905 |  | 53,391 |  | 388,296 |  |

ADTECH POLYMER ENGINEERING LIMITED (REGISTERED NUMBER: 01664951)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

4. | TANGIBLE FIXED ASSETS - continued

| Included in cost of land and buildings is freehold land of £ 125,000 (2024 - £ 125,000 ) which is not depreciated.

| The freehold property was valued in August 2013 by David Alberry and Company, a qualified quantity surveyor.

| The company elected to apply the transitional provisions in section 35.10(d) of FRS 102 to use the current valuation as the deemed cost of the freehold property at the transition date.

| If the freehold property had not been revalued it would have been included at the following historical cost:

|  | 2025 |  |  | 2024 |  |

| £ |  |  | £ |  |

| Cost |  | 240,479 |  |  | 202,477 |  |

| Accumulated depreciation |  | (34,435 | ) |  | (29,653 | ) |

| Historical cost net book value |  | 206,044 |  |  | 172,824 |  |

5. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 445,913 |  | 777,328 |  |

| Other debtors | 329 |  | 79 |  |

| Tax | 45,581 |  | - |  |

| Prepayments and accrued income | 80,863 |  | 73,201 |  |

572,686 |  | 850,608 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | - |  | 405,685 |  |

| Aggregate amounts | 572,686 |  | 1,256,293 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 177,581 |  | 297,335 |  |

| Amounts owed to group undertakings | 172,218 |  | 61,660 |  |

| Tax | - |  | 33,791 |  |

| VAT | 78,450 |  | 68,023 |  |

| Accruals and deferred income | 156,240 |  | 235,925 |  |

584,489 |  | 696,734 |  |

ADTECH POLYMER ENGINEERING LIMITED (REGISTERED NUMBER: 01664951)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 23,500 |  | 23,500 |  |

| Between one and five years | 94,000 |  | 94,000 |  |

| In more than five years | 50,917 |  | 74,417 |  |

168,417 |  | 191,917 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 110 | Ordinary | 1 | 110 |  | 110 |  |

9. | RESERVES

| Retained |  | Revaluation |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1st November 2024 | 2,487,690 |  | 164,908 |  | 2,652,598 |  |

| Profit for the year | 1,447,355 |  | 1,447,355 |  |

| Dividends | (2,074,305 | ) | (2,074,305 | ) |

| Amount released | 983 |  | (983 | ) | - |  |

| At 31st October 2025 | 1,861,723 |  | 163,925 |  | 2,025,648 |  |

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

| The Report of the Auditors was unqualified.

| Harriet Sergeant BA (Hons) FCA (Senior Statutory Auditor)

| for and on behalf of Shaw Gibbs (Audit) Limited

11. | ULTIMATE CONTROLLING PARTY

| The company's ultimate controlling parent company is Noar, Limited, a private company, limited by shares, incorporated in England and Wales. The address of the registered office is Estate Office Rotherfield Park Estate, East Tisted, Alton, England, GU34 3QN. The registration number is 10520077.

| The immediate parent company is Adtech Holdings Limited, a private company, limited by shares, incorporated in England and Wales. The address of the registered office is the same as Adtech Polymer Engineering Limited. The registration number is 10647171.

| The smallest and largest group which results are consolidated is that headed by Noar, Limited. The consolidated financial statements are available to the public and can be obtained from Companies House.