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REGISTERED NUMBER: 03818274 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 June 2025

for

J Hare Diamond Drilling

(Hitchin) Limited

J Hare Diamond Drilling

(Hitchin) Limited (Registered number: 03818274)

Contents of the Financial Statements

for the Year Ended 29 June 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

J Hare Diamond Drilling

(Hitchin) Limited

Company Information

for the Year Ended 29 June 2025

| DIRECTORS: | Mr J Hare

| Mr J C J Hare

| SECRETARY: | Ms C Hare

| REGISTERED OFFICE: | 5 - 7 Wallace Way

| Hitchin

| Hertfordshire

| SG4 0SE

| REGISTERED NUMBER: | 03818274 (England and Wales)

| ACCOUNTANTS: | Godfrey Laws & Co Limited

| 1 Doolittle Yard

| Froghall Road

| Ampthill

| Bedfordshire

| MK45 2NW

J Hare Diamond Drilling

(Hitchin) Limited (Registered number: 03818274)

Balance Sheet

29 June 2025

| 29.6.25 | 29.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 251,605 |  | 230,052 |  |

CURRENT ASSETS

Stocks | 74,068 |  | 38,766 |  |

Debtors | 5 | 660,630 |  | 759,227 |  |

Cash at bank and in hand | 14,433 |  | 9,731 |  |

749,131 |  | 807,724 |  |

CREDITORS

Amounts falling due within one year | 6 | 476,070 |  | 787,616 |  |

NET CURRENT ASSETS | 273,061 |  | 20,108 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 524,666 |  | 250,160 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (360,324 | ) | (73,847 | ) |

PROVISIONS FOR LIABILITIES | (49,079 | ) | (27,754 | ) |

NET ASSETS | 115,263 |  | 148,559 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Capital redemption reserve | 10 | 10 |  | 10 |  |

Retained earnings | 10 | 115,153 |  | 148,449 |  |

SHAREHOLDERS' FUNDS | 115,263 |  | 148,559 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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.

J Hare Diamond Drilling

(Hitchin) Limited (Registered number: 03818274)

Balance Sheet - continued

29 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2026 and were signed on its behalf by:

Mr J Hare - Director

J Hare Diamond Drilling

(Hitchin) Limited (Registered number: 03818274)

Notes to the Financial Statements

for the Year Ended 29 June 2025

1. | STATUTORY INFORMATION

| J Hare Diamond Drilling (Hitchin) 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.

| Turnover

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

| 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.

| Improvements to property | - | 15% on cost

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Stocks

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

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

J Hare Diamond Drilling

(Hitchin) Limited (Registered number: 03818274)

Notes to the Financial Statements - continued

for the Year Ended 29 June 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 30 (2024 - 34 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 30 June 2024 | 24,065 |  | 688,895 |  | 37,683 |  | 145,587 |  | 896,230 |  |

| Additions | - |  | 2,740 |  | - |  | 74,677 |  | 77,417 |  |

| At 29 June 2025 | 24,065 |  | 691,635 |  | 37,683 |  | 220,264 |  | 973,647 |  |

| DEPRECIATION

| At 30 June 2024 | 24,065 |  | 549,175 |  | 31,787 |  | 61,151 |  | 666,178 |  |

| Charge for year | - |  | 21,138 |  | 859 |  | 33,867 |  | 55,864 |  |

| At 29 June 2025 | 24,065 |  | 570,313 |  | 32,646 |  | 95,018 |  | 722,042 |  |

| NET BOOK VALUE

| At 29 June 2025 | - |  | 121,322 |  | 5,037 |  | 125,246 |  | 251,605 |  |

| At 29 June 2024 | - |  | 139,720 |  | 5,896 |  | 84,436 |  | 230,052 |  |

J Hare Diamond Drilling

(Hitchin) Limited (Registered number: 03818274)

Notes to the Financial Statements - continued

for the Year Ended 29 June 2025

4. | TANGIBLE FIXED ASSETS - continued

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

| Motor

| vehicles

£ |

| COST

| At 30 June 2024 | 145,587 |  |

| Additions | 74,677 |  |

| At 29 June 2025 | 220,264 |  |

| DEPRECIATION

| At 30 June 2024 | 61,151 |  |

| Charge for year | 33,867 |  |

| At 29 June 2025 | 95,018 |  |

| NET BOOK VALUE

| At 29 June 2025 | 125,246 |  |

| At 29 June 2024 | 84,436 |  |

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

| 29.6.25 |  | 29.6.24

£ | £ |

| Trade debtors | 558,821 |  | 647,868 |  |

| Other debtors | 101,809 |  | 111,359 |  |

660,630 |  | 759,227 |  |

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

| 29.6.25 |  | 29.6.24

£ | £ |

| Bank loans and overdrafts | 154,825 |  | 475,686 |  |

| Hire purchase contracts (see note 8) | 22,559 |  | 28,039 |  |

| Trade creditors | 129,499 |  | 97,623 |  |

| Taxation and social security | 87,022 |  | 97,185 |  |

| Other creditors | 82,165 |  | 89,083 |  |

476,070 |  | 787,616 |  |

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

| 29.6.25 |  | 29.6.24

£ | £ |

| Bank loans | 272,227 |  | 25,632 |  |

| Hire purchase contracts (see note 8) | 88,097 |  | 48,215 |  |

360,324 |  | 73,847 |  |

J Hare Diamond Drilling

(Hitchin) Limited (Registered number: 03818274)

Notes to the Financial Statements - continued

for the Year Ended 29 June 2025

8. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

| 29.6.25 |  | 29.6.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 22,559 |  | 28,039 |  |

| Between one and five years | 88,097 |  | 48,215 |  |

110,656 |  | 76,254 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 29.6.25 |  | 29.6.24

£ | £ |

| Bank overdrafts | 94,168 |  | 100,130 |  |

| Bank loans | 332,884 |  | 401,188 |  |

| Hire purchase contracts | 110,656 |  | 76,254 |  |

537,708 |  | 577,572 |  |

| The facilities provided by the bank are secured by debentures.

| The HP liabilities are secured on individual assets.

10. | RESERVES

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 30 June 2024 | 148,449 |  | 10 |  | 148,459 |  |

| Deficit for the year | (33,296 | ) | (33,296 | ) |

| At 29 June 2025 | 115,153 |  | 10 |  | 115,163 |  |

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 29 June 2025 and 29 June 2024:

| 29.6.25 |  | 29.6.24

£ | £ |

| Mr J Hare

| Balance outstanding at start of year | 28,066 |  | - |  |

| Amounts advanced | 42,104 |  | 28,066 |  |

| Amounts repaid | (39,701 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 30,469 |  | 28,066 |  |

J Hare Diamond Drilling

(Hitchin) Limited (Registered number: 03818274)

Notes to the Financial Statements - continued

for the Year Ended 29 June 2025

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| The director Mr J Hare owes £30,469 (2024: £28,066) to the company. Interest has been charged on the loan at 2.25%.

12. | RELATED PARTY DISCLOSURES

| During the year, the company incurred rental costs of £30,000 (2024: £30,000) for the use of premises owned by Mr J Hare and Mrs C Hare.

| Included in Other Creditors are amounts owed to Mrs C Hare, shareholder and former director totalling £5,513.

13. | ULTIMATE CONTROLLING PARTY

| The company is under the control of Mr J Hare.