IRIS Accounts Production v25.4.12.37 14916619 Board of Directors 31.3.25 1.7.24 31.3.25 31.3.25 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. The principal activity of the group in the year under review was that of technical demolition, deconstruction, decontamination, remediation and earthworks. true true false true true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 14916619 2024-06-30 14916619 2025-03-31 14916619 2024-07-01 2025-03-31 14916619 2023-06-30 14916619 2023-07-01 2024-06-30 14916619 2024-06-30 14916619 ns15:EnglandWales 2024-07-01 2025-03-31 14916619 ns14:PoundSterling 2024-07-01 2025-03-31 14916619 ns10:Director1 2024-07-01 2025-03-31 14916619 ns10:Consolidated 2025-03-31 14916619 ns10:ConsolidatedGroupCompanyAccounts 2024-07-01 2025-03-31 14916619 ns10:PrivateLimitedCompanyLtd 2024-07-01 2025-03-31 14916619 ns10:Consolidated ns10:MediumEntities 2024-07-01 2025-03-31 14916619 ns10:Consolidated ns10:Audited 2024-07-01 2025-03-31 14916619 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-07-01 2025-03-31 14916619 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-07-01 2025-03-31 14916619 ns10:Consolidated 2024-07-01 2025-03-31 14916619 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-07-01 2025-03-31 14916619 ns10:Medium-sizedCompaniesRegimeForAccounts ns10:Consolidated 2024-07-01 2025-03-31 14916619 ns10:FullAccounts 2024-07-01 2025-03-31 14916619 1 2024-07-01 2025-03-31 14916619 ns10:Director2 2024-07-01 2025-03-31 14916619 ns10:Director3 2024-07-01 2025-03-31 14916619 ns10:Director4 2024-07-01 2025-03-31 14916619 ns10:RegisteredOffice 2024-07-01 2025-03-31 14916619 ns10:Consolidated 2023-07-01 2024-06-30 14916619 ns5:CurrentFinancialInstruments 2025-03-31 14916619 ns5:CurrentFinancialInstruments 2024-06-30 14916619 ns5:Non-currentFinancialInstruments 2025-03-31 14916619 ns5:Non-currentFinancialInstruments 2024-06-30 14916619 ns5:ShareCapital 2025-03-31 14916619 ns5:ShareCapital 2024-06-30 14916619 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 14916619 ns5:RetainedEarningsAccumulatedLosses 2024-06-30 14916619 ns5:ShareCapital 2023-07-01 2024-06-30 14916619 ns5:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 14916619 ns5:RetainedEarningsAccumulatedLosses 2024-07-01 2025-03-31 14916619 1 2024-07-01 2025-03-31 14916619 ns5:NetGoodwill 2024-07-01 2025-03-31 14916619 ns5:IntangibleAssetsOtherThanGoodwill 2024-07-01 2025-03-31 14916619 ns5:CostValuation 2024-06-30 14916619 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 14916619 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-06-30

REGISTERED NUMBER: 14916619 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Period 1 July 2024 to 31 March 2025

for

MRM Group Holdings Limited

| MRM Group Holdings Limited (Registered number: 14916619) |

Contents of the Consolidated Financial Statements

for the Period 1 July 2024 to 31 March 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 6 |

| Report of the Independent Auditors | 7 |

| Consolidated Income Statement | 11 |

| Consolidated Other Comprehensive Income | 12 |

| Consolidated Balance Sheet | 13 |

| Company Balance Sheet | 14 |

| Consolidated Statement of Changes in Equity | 15 |

| Company Statement of Changes in Equity | 16 |

| Consolidated Cash Flow Statement | 17 |

| Notes to the Consolidated Cash Flow Statement | 18 |

| Notes to the Consolidated Financial Statements | 20 |

| MRM Group Holdings Limited |

Company Information

for the Period 1 July 2024 to 31 March 2025

| DIRECTORS: | R Dolman

| M D Munro

| M W Henderson

| J W J Scriven

| REGISTERED OFFICE: | 36 Main Street

| Carlton

| Nuneaton

| Warwickshire

| CV13 0EZ

| REGISTERED NUMBER: | 14916619 (England and Wales)

| AUDITORS: | Duncan & Toplis Audit Limited

| Statutory Auditor

| Park House

| 37 Clarence Street

| Leicester

| Leicestershire

| LE1 3RW

| MRM Group Holdings Limited (Registered number: 14916619) |

Group Strategic Report

for the Period 1 July 2024 to 31 March 2025

The directors present their strategic report of the company and the group for the period 1 July 2024 to 31 March 2025.

MRM Group Holdings Limited is a holding company. The principal purpose of the group is to conduct services across all disciplines within the enabling sector, comprising of demolition, deconstruction, remediation, earthworks, and haulage.

The main trading company of the group is now in its 19th year as a first generation family business, and continues to hold a strong position as a leading demolition and enabling specialist within the UK construction sector. It has maintained its commitment to delivering a broad range of specialist services, undertaking an increasing number of large, complex, and technical schemes across the enabling space.

Over the period, the group has further strengthened its portfolio, continuing to deliver demolition, deconstruction, decontamination and earthworks projects and expanding its capabilities across the sector. These achievements build on the business's long term vision and form part of its ongoing development strategy. The group's sustained focus on investing in its people, processes and resources has enabled it to continue to deliver high quality, technically advanced projects.

REVIEW OF BUSINESS

Continuing the progress made toward achieving sustainable profitability during the prior year, the Directors are pleased to report that the business has delivered a further year of positive financial performance, marking another consecutive period of profit. This continued improvement reflects the strength of the group's strategic direction and its commitment to disciplined operational and commercial management. To match our company goals and strategic direction, the Directors have shortened the financial year to align with the objectives within our continuing 5 year plan.

During the period, the group has continued to progress its 5 year development plan, maintaining focus on the evolution of the business from its successful origins through sustained investment in its people and leadership. The development of the Senior Management Team, project delivery teams and commercial functions has enhanced capability across the organisation, enabling the business to deliver an increasing number of complex, technical and high quality demolition and enabling projects.

The group's focused efforts in developing and maintaining strong partnerships with its clients have once again secured a healthy and diverse pipeline for the forthcoming year. This, combined with a carefully balanced sales mix, has enabled the group to deliver a solid turnover despite the ongoing turbulence within the wider construction market. Strategic decisions regarding the shape and allocation of resources have created a flexible and resilient operational base, positioning the business to navigate fluctuating market conditions that continue to challenge many others within the sector.

The group's commitment to its people remains central to its ongoing success. Strengthening of operational competencies, investment in training and development, and the attraction and retention of skilled operatives continue to underpin its ability to meet growing technical demands and deliver projects to the highest standard.

Overall, the group enters the next financial year with a robust order book, improved internal capabilities, and a clear strategic direction. Despite the continued volatility within the UK construction and demolition sectors, the Directors believe the Company is well positioned to maintain its positive trajectory and to build on the progress achieved to date.

| MRM Group Holdings Limited (Registered number: 14916619) |

Group Strategic Report

for the Period 1 July 2024 to 31 March 2025

PRINCIPAL RISKS AND UNCERTAINTIES

Strategic management of risk and opportunity continues to be a priority for the Directors, forming an integral part of the group's wider strategy and day to day operations. The Senior Management Team has embedded a culture of managing risks across the business ensuring these are routinely managed across the business. The principal risks and uncertainties facing the business remain broadly consistent with previous years, though the Company has taken further steps to strengthen its resilience in response to ongoing market challenges.

Competition

The contracting environment within the demolition and enabling sector has remained highly competitive throughout the year, with many competitors finding challenging times. The Directors believe that the 's group's continued focus on a diverse sales mix, high quality service delivery and strategic market positioning has helped safeguard its presence within the marketplace. The business has retained and expanded several strategic frameworks, providing a stable foundation of work and mitigating competitive pressures. The main trading company, A R Demolition Limited, continues to be recognised as a reliable and fair contractor with strong values and robust processes designed to prevent anti competitive practices, supporting long standing client relationships and a high level of repeat business.

Economic

The UK Construction sector continues to be a high risk sector and the UK wide economic and political landscape continues to present difficulties for the sector. Volatility in areas such as fuel costs, material prices and scrap metal recovery values continues to impact project revenues and cost forecasts. The group actively reviews market conditions and adjusts its strategy to minimise the impact on profitability. The continued implementation of robust controls at both project and organisational levels has strengthened AR's ability to manage fluctuations and maintain operational stability.

Financial

Credit risk within the contracting sector remains a notable concern, particularly against the backdrop of broader economic uncertainty. The group continues to mitigate this through strong working relationships with its supply chain and by prioritising work with larger, financially stable clients across a diverse client base. A significant proportion of the portfolio continues to be geared towards public sector clients, further reducing inherent credit exposure. The business has actively looked to manage credit and bad debt risks through the acquisition of insurance cover.

Liquidity risk also remains a key factor within the sector. The group manages this through weekly working capital reviews and disciplined credit control procedures, ensuring cash flow visibility and operational stability. Exposure to scrap metal price fluctuations remains present within parts of the forward order book, but this risk is actively managed through ongoing market reviews and competitive procurement for key material inputs.

People

The Directors' 5 year plan continues to place strong emphasis on people and capability development. Retaining and attracting skilled operatives remains essential to delivering the business's specialist undertakings and supporting its growth ambitions. The group's investment in apprenticeships, training and leadership development has strengthened both operational and managerial capability across the organisation. This sustained focus on developing core skills and maintaining strong people values underpins the group's ability to deliver complex, high quality projects to the standards expected by its clients.

| MRM Group Holdings Limited (Registered number: 14916619) |

Group Strategic Report

for the Period 1 July 2024 to 31 March 2025

FINANCIAL KEY PERFORMANCE INDICATORS

The Directors have continued to embed a culture of continual improvement across the business, supporting the development of a performance driven organisation. The group monitors a number of key performance indicators (KPIs), with the management team reviewing trends and movements regularly to ensure informed and timely decision making. The main KPIs are outlined below:

Cash - The group maintains rigorous oversight of its cash position, using frequent forecasting and detailed fina ncial planning to manage both short term requirements and longer term needs. It continues to work clos ely with its banking partners, providing regular management information and updates and benefiting from a co llaborative and supportive relationship.

Sales - The group closely tracks its pipeline of enquiries, tenders and live projects, enabling forward visibility over work volumes and market activity. Collaboration with major customers remains central to understanding their project schedules and supporting a well balanced order book for the short to medium term. We have secur ed a strong pipeline for the upcoming year which supports our plan for growth.

Profit - The group utilises comprehensive management information to monitor profitability and forecast medium to long term business performance. Margin discipline and cost control remain priorities in sustaining the lo ng term financial health of the business. A robust CVR process continues to support contract level visibi lity, ensuring a clear understanding of profitability across all projects.

The group maintains a policy of continuous review of the management information it relies on, and as a result continues to enhance its reporting processes and systems.

QUALITY, HEALTH, SAFETY & ENVIRONMENT

The group continues to place strong emphasis on excellence in quality, health, safety and environmental performance. Maintaining high standards across these areas remains a central priority for the Directors, who are committed to ensuring that industry leading practices are consistently applied throughout the organisation. Clear performance expectations are established each year to promote continual improvement and reinforce a culture of responsibility and accountability.

The management framework is designed to assess and manage the impact of the group's activities on all those affected by its work, including clients, employees, local communities and the wider environment. Its effectiveness is reviewed on a regular basis through structured internal checks and independent external audits. These assessments ensure that risk control measures remain robust and that the system continues to operate in full alignment with relevant legislation, recognised industry standards and applicable ISO requirements.

| MRM Group Holdings Limited (Registered number: 14916619) |

Group Strategic Report

for the Period 1 July 2024 to 31 March 2025

FUTURE DEVELOPMENTS

The group remains firmly positioned as a leading, innovation driven specialist in the UK demolition and enabling sector.

For the year ahead, the Directors have aligned the group to pursue disciplined, sustainable growth through its continuing five year development plan and the revised year end alignment, supported by a strong forward pipeline.

Strengthened client partnerships, a balanced sales mix and resilient resource allocation continue to sustain solid turnover despite broader market turbulence, while ongoing investment in people and leadership will lift it's organisational capability.

With a robust order book and improved internal capabilities, the Directors are confident in the group's ability to deliver growth while maintaining industry leading service and standards.

After the period end MRM Group 2025 Limited acquired MRM Group Holdings Limited and became the ultimate parent company of the group.

ON BEHALF OF THE BOARD:

M W Henderson - Director

26 February 2026

| MRM Group Holdings Limited (Registered number: 14916619) |

Report of the Directors

for the Period 1 July 2024 to 31 March 2025

The directors present their report with the financial statements of the company and the group for the period 1 July 2024 to 31 March 2025.

DIVIDENDS

The total distribution of dividends for the period ended 31 March 2025 will be £188,100.

DIRECTORS

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

R Dolman

M D Munro

M W Henderson

Other changes in directors holding office are as follows:

J W J Scriven was appointed as a director after 31 March 2025 but prior to the date of this report.

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;

- | 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.

ON BEHALF OF THE BOARD:

M W Henderson - Director

26 February 2026

Report of the Independent Auditors to the Members of

MRM Group Holdings Limited

Opinion

We have audited the financial statements of MRM Group Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other 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 31 March 2025 and of the group's profit for the period 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

MRM Group 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.

Report of the Independent Auditors to the Members of

MRM Group Holdings Limited

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:

Extent to which the audit was considered capable of detecting irregularities, including fraud

The capability to detect irregularities is based on the auditor identifying and assessing the risks of material misstatement of the financial statements, whether due to fraud or error, and then designing and performing audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

a) Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, the following approach was taken:

- |  | Understanding the nature of the industry and sector, control environment and business performance; |

- |  | Consideration of the results of our enquiries of management and those charged with governance about their own identification and assessment of the risks of irregularities; |

- |  | Understanding the group's policies and procedures on compliance with laws and regulations and management of fraud risk, including documentation of instances of non-compliance of laws and regulations and instances of actual, suspected or alleged fraud; |

- |  | Consideration of matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud; |

- |  | Understanding the legal and regulatory frameworks that the company operates in through enquiry of management and those charged with governance and understanding the group's industry and sector. The key laws and regulations that were considered to have an effect on material amounts and disclosures in the financial statements included the Companies Act and tax legislation. |

b) Audit response to risks identified

Based on this understanding, the following audit procedures were designed and performed to respond to the risks identified:

- |  | Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations described as having a direct effect on the financial statement; |

- |  | Enquiring of management, those charged with governance and, where applicable, the group's solicitors concerning actual and potential litigation and claims; |

- |  | Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; |

- |  | Reviewing minutes of meetings of those charged with governance and, where applicable, correspondence with regulators; |

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

- |  | Communication of potential fraud risks to all engagement team members and remaining alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. |

Report of the Independent Auditors to the Members of

MRM Group Holdings Limited

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a 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 in 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.

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.

Peter Morris FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited

Statutory Auditor

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

3 March 2026

| MRM Group Holdings Limited (Registered number: 14916619) |

Consolidated

Income Statement

for the Period 1 July 2024 to 31 March 2025

| Period |

| 1.7.24 |

| to |  | Year Ended

| 31.3.25 |  | 30.6.24

| Notes | £ | £ |

TURNOVER | 3 | 15,772,984 |  | 22,557,477 |  |

Cost of sales | (13,209,757 | ) | (17,197,409 | ) |

GROSS PROFIT | 2,563,227 |  | 5,360,068 |  |

Administrative expenses | (1,607,736 | ) | (2,118,344 | ) |

OPERATING PROFIT | 5 | 955,491 |  | 3,241,724 |  |

Interest receivable and similar income | 30,641 |  | 4 |  |

986,132 |  | 3,241,728 |  |

Interest payable and similar expenses | 6 | (241,995 | ) | (192,650 | ) |

PROFIT BEFORE TAXATION | 744,137 |  | 3,049,078 |  |

Tax on profit | 7 | 144,578 |  | (849,618 | ) |

PROFIT FOR THE FINANCIAL PERIOD | 888,715 |  | 2,199,460 |  |

Profit attributable to:

Owners of the parent | 888,715 |  | 2,199,460 |  |

| MRM Group Holdings Limited (Registered number: 14916619) |

Consolidated

Other Comprehensive Income

for the Period 1 July 2024 to 31 March 2025

| Period |

| 1.7.24 |

| to |  | Year Ended

| 31.3.25 |  | 30.6.24

| Notes | £ | £ |

PROFIT FOR THE PERIOD | 888,715 |  | 2,199,460 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | 888,715 |  | 2,199,460 |  |

Total comprehensive income attributable to:

Owners of the parent | 888,715 |  | 2,199,460 |  |

| MRM Group Holdings Limited (Registered number: 14916619) |

Consolidated Balance Sheet

31 March 2025

| 31.3.25 |  | 30.6.24

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 10 | (92,872 | ) | (151,735 | ) |

Tangible assets | 11 | 4,156,806 |  | 5,363,975 |  |

Investments | 12 | - |  | - |  |

4,063,934 |  | 5,212,240 |  |

CURRENT ASSETS

Stocks | 13 | 72,005 |  | 6,510,399 |  |

Debtors | 14 | 4,060,425 |  | 3,506,662 |  |

Cash at bank and in hand | 2,480,623 |  | 1,341,615 |  |

6,613,053 |  | 11,358,676 |  |

CREDITORS

Amounts falling due within one year | 15 | (4,875,493 | ) | (10,581,100 | ) |

NET CURRENT ASSETS | 1,737,560 |  | 777,576 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,801,494 |  | 5,989,816 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (2,197,209 | ) | (3,074,193 | ) |

PROVISIONS FOR LIABILITIES | 20 | (971,948 | ) | (983,901 | ) |

NET ASSETS | 2,632,337 |  | 1,931,722 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 60 |  | 60 |  |

Merger reserve | 91,125 |  | 91,125 |  |

Retained earnings | 2,541,152 |  | 1,840,537 |  |

2,632,337 |  | 1,931,722 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2026 and were signed on its behalf by:

M W Henderson - Director

| MRM Group Holdings Limited (Registered number: 14916619) |

Company Balance Sheet

31 March 2025

| 31.3.25 |  | 30.6.24

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 10 | - |  | - |  |

Tangible assets | 11 | - |  | - |  |

Investments | 12 | 151,935 |  | 151,935 |  |

151,935 |  | 151,935 |  |

CURRENT ASSETS

Debtors | 14 | 627,330 |  | 7,975 |  |

Cash at bank | 2,380,873 |  | 39 |  |

3,008,203 |  | 8,014 |  |

CREDITORS

Amounts falling due within one year | 15 | (3,005,309 | ) | (52,571 | ) |

NET CURRENT ASSETS/(LIABILITIES) | 2,894 |  | (44,557 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 154,829 |  | 107,378 |  |

CREDITORS

Amounts falling due after more than one year | 16 | - |  | (100,000 | ) |

NET ASSETS | 154,829 |  | 7,378 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 60 |  | 60 |  |

Retained earnings | 154,769 |  | 7,318 |  |

154,829 |  | 7,378 |  |

Company's profit for the financial year | 335,551 |  | 132,718 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2026 and were signed on its behalf by:

M W Henderson - Director

| MRM Group Holdings Limited (Registered number: 14916619) |

Consolidated Statement of Changes in Equity

for the Period 1 July 2024 to 31 March 2025

| Called up |

| share |  | Retained |  | Merger |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 July 2023 | 60 |  | (108,123 | ) | 242,960 |  | 134,897 |  |

Changes in equity

Group reconstruction | - |  | - |  | (151,835 | ) | (151,835 | ) |

Dividends | - |  | (250,800 | ) | - |  | (250,800 | ) |

Total comprehensive income | - |  | 2,199,460 |  | - |  | 2,199,460 |  |

Balance at 30 June 2024 | 60 |  | 1,840,537 |  | 91,125 |  | 1,931,722 |  |

Changes in equity

Dividends | - |  | (188,100 | ) | - |  | (188,100 | ) |

Total comprehensive income | - |  | 888,715 |  | - |  | 888,715 |  |

Balance at 31 March 2025 | 60 |  | 2,541,152 |  | 91,125 |  | 2,632,337 |  |

| MRM Group Holdings Limited (Registered number: 14916619) |

Company Statement of Changes in Equity

for the Period 1 July 2024 to 31 March 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Changes in equity

Issue of share capital | 60 |  | - |  | 60 |  |

Dividends | - |  | (125,400 | ) | (125,400 | ) |

Total comprehensive income | - |  | 132,718 |  | 132,718 |  |

Balance at 30 June 2024 | 60 |  | 7,318 |  | 7,378 |  |

Changes in equity

Dividends | - |  | (188,100 | ) | (188,100 | ) |

Total comprehensive income | - |  | 335,551 |  | 335,551 |  |

Balance at 31 March 2025 | 60 |  | 154,769 |  | 154,829 |  |

| MRM Group Holdings Limited (Registered number: 14916619) |

Consolidated Cash Flow Statement

for the Period 1 July 2024 to 31 March 2025

| Period |

| 1.7.24 |

| to |  | Year Ended

| 31.3.25 |  | 30.6.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 2,681,502 |  | 1,985,095 |  |

Interest received | 30,641 |  | 2 |  |

Taxation refund | 132,625 |  | - |  |

Net cash from operating activities | 2,844,768 |  | 1,985,097 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (94,867 | ) | (83,251 | ) |

Sale of tangible fixed assets | 855,718 |  | 37,463 |  |

Amount withdrawn by directors | (621,985 | ) | - |  |

Net cash from investing activities | 138,866 |  | (45,788 | ) |

Cash flows from financing activities

Loan repayments in year | (33,700 | ) | (32,974 | ) |

Amount introduced by directors | - |  | 150,000 |  |

Amount withdrawn by directors | (150,000 | ) | - |  |

Hire purchase capital repayments | (1,137,171 | ) | (837,067 | ) |

Hire purchase interest paid | (208,827 | ) | (166,921 | ) |

Loan interest paid | (33,168 | ) | (25,729 | ) |

Equity dividends paid | (188,100 | ) | (250,800 | ) |

Net cash from financing activities | (1,750,966 | ) | (1,163,491 | ) |

Increase in cash and cash equivalents | 1,232,668 |  | 775,818 |  |

Cash and cash equivalents at beginning of period | 2 | 571,850 |  | (203,968 | ) |

Cash and cash equivalents at end of period | 2 | 1,804,518 |  | 571,850 |  |

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Cash Flow Statement

for the Period 1 July 2024 to 31 March 2025

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

| Period |

| 1.7.24 |

| to | Year Ended

| 31.3.25 |  | 30.6.24

£ | £ |

| Profit before taxation | 744,137 |  | 3,049,078 |  |

| Depreciation charges | 594,621 |  | 562,161 |  |

| Profit on disposal of fixed assets | (4,274 | ) | (21,331 | ) |

| Finance costs | 241,995 |  | 192,650 |  |

| Finance income | (30,641 | ) | (4 | ) |

1,545,838 |  | 3,782,554 |  |

| Decrease/(increase) in stocks | 6,438,394 |  | (6,481,029 | ) |

| Decrease/(increase) in trade and other debtors | 68,222 |  | (1,000,657 | ) |

| (Decrease)/increase in trade and other creditors | (5,370,952 | ) | 5,684,227 |  |

| Cash generated from operations | 2,681,502 |  | 1,985,095 |  |

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:

| Period ended 31 March 2025

| 31.3.25 |  | 1.7.24

£ | £ |

| Cash and cash equivalents | 2,480,623 |  | 1,341,615 |  |

| Bank overdrafts | (676,105 | ) | (769,765 | ) |

1,804,518 |  | 571,850 |  |

| Year ended 30 June 2024

| 30.6.24 |  | 1.7.23

£ | £ |

| Cash and cash equivalents | 1,341,615 |  | 104,525 |  |

| Bank overdrafts | (769,765 | ) | (308,493 | ) |

571,850 |  | (203,968 | ) |

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Cash Flow Statement

for the Period 1 July 2024 to 31 March 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1.7.24 | Cash flow | At 31.3.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 1,341,615 |  | 1,139,008 |  | 2,480,623 |  |

| Bank overdrafts | (769,765 | ) | 93,660 |  | (676,105 | ) |

571,850 |  | 1,232,668 |  | 1,804,518 |  |

| Debt

| Finance leases | (3,869,006 | ) | 934,282 |  | (2,934,724 | ) |

| Debts falling due within 1 year | (40,294 | ) | (4,082 | ) | (44,376 | ) |

| Debts falling due after 1 year | (79,546 | ) | 37,782 |  | (41,764 | ) |

(3,988,846 | ) | 967,982 |  | (3,020,864 | ) |

| Total | (3,416,996 | ) | 2,200,650 |  | (1,216,346 | ) |

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Financial Statements

for the Period 1 July 2024 to 31 March 2025

1. | STATUTORY INFORMATION

| MRM Group 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.

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

| The accounting period has been shortened from 30 June 2025 to 31 March 2025 for commercial reasons. The comparatives are for a twelve month period and are therefore not entirely comparable to the current nine month period.

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.

| 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.

| On 10 November 2023, as part of a group restructure MRM Group Holdings Limited acquired 100% of the ordinary share capital of MRM Group Limited and became the ultimate parent company of the group.

| The introduction of the new holding company has been accounted for using the principles of merger accounting. The restructuring of the group did not meet the definition of a group reconstruction per FRS 102 para 19.27 which would have the restructuring to be accounted for under acquisition accounting principles. The directors of the group do not believe that this would have given a true and fair view of the state of affairs of the group and its results as, in substance, the change in shareholdings arising on the restructuring was incidental to the main purpose of the restructuring rather than the acquisition of a business by MRM Group Holdings Limited and disposal by MRM Group Limited.

| Consequently, the restructuring has been accounted for using merger accounting as the directors of the company consider this is necessary to meet the overriding requirements of the Companies Act 2006 to show a true and fair view. The directors of the company consider that it is not practicable to quantify the effect of this departure from the detailed accounting requirements.

| In accordance with merger accounting principles the financial statements have been prepared as if MRM Group Holdings Limited was in existence throughout the period ended 31 March 2025 and the year ended 30 June 2024.

| The consolidated financial statements incorporate the results of the original business combination, being the acquisition of A R Demolition Limited and A R Plant Limited by MRM Group Limited using the purchase method. In the Balance Sheet, the acquirees' identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The combined 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.

| After the period end MRM Group 2025 Limited became the parent company of MRM Group Holdings Limited and ultimate parent company of the group.

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Financial Statements - continued

for the Period 1 July 2024 to 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

| Critical accounting judgements and key sources of estimation uncertainty

| The preparation of financial statements requires the group's directors to make judgements, assumptions and estimates 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 estimates and underlying assumptions are reviewed on a regular basis.

| The group does not have any key assumptions concerning the future, or other key sources of estimation uncertainty in the reporting period that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

| Notwithstanding this, the group's activities are undertaken through construction contracts and the company is required to make estimates in accounting for revenue and margin. These estimates may depend upon the outcome of future events and may need to be revised as circumstances change.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

| Construction contracts

| When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to costs incurred for work performed to date bear to the estimated total costs.

| Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

| When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

| The amount by which recorded turnover on long term contracts is in excess of payments on account is included in debtors as amounts recoverable on contracts. Where payments on account is in excess of recorded turnover the amount is included in creditors as payments on account.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five 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.

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Financial Statements - continued

for the Period 1 July 2024 to 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

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

| Improvements to property |  | - 10 - 20% on reducing balance |  |

| Plant and machinery |  | - 10 - 25% on reducing balance |  |

| Motor vehicles |  | - 20 - 25% on reducing balance |  |

| Tools and equipment |  | - 10 - 50% on reducing balance and 50% on cost |  |

| The expected useful lives of assets are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

| 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.

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated 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 period 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

| 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.

| 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.

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Financial Statements - continued

for the Period 1 July 2024 to 31 March 2025

3. | TURNOVER

| The group's revenue for the year from continuing operations is as follows:

| Period |  |

| 1.7.24 |  |

|  | to |  |  | Year Ended |  |

|  | 31.3.25 |  |  | 30.6.24 |  |

|  | £ |  |  | £ |  |

| Rendering of services |  | 4,316,000 |  |  | 13,922,402 |  |

| Sale of goods |  | 11,456,984 |  |  | 8,635,075 |  |

| CONSTRUCTION CONTRACTS

| Period |  |

| 1.7.24 |  |

|  | to |  |  | Year Ended |  |

|  | 31.3.25 |  |  | 30.6.24 |  |

|  | £ |  |  | £ |  |

| Amounts due from customers for construction contracts (note 14) |  | 418,697 |  |  | 719,306 |  |

| Amounts due to customers for construction contracts (note 15) |  | (60,535 | ) |  | (3,559,405 | ) |

| Contract revenue recognised as revenue during the year |  | 4,023,883 |  |  | 13,261,850 |  |

4. | EMPLOYEES AND DIRECTORS

| Period |

| 1.7.24 |

| to | Year Ended

| 31.3.25 |  | 30.6.24

£ | £ |

| Wages and salaries | 2,579,921 |  | 3,147,377 |  |

| Social security costs | 282,577 |  | 341,611 |  |

| Other pension costs | 52,929 |  | 62,764 |  |

2,915,427 |  | 3,551,752 |  |

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

| Period |

| 1.7.24 |

| to | Year Ended

| 31.3.25 |  | 30.6.24

| Administration | 25 |  | 25 |  |

| Production | 57 |  | 55 |  |

82 |  | 80 |  |

| Period |

| 1.7.24 |

| to | Year Ended

| 31.3.25 |  | 30.6.24

£ | £ |

| Directors' remuneration | 30,358 |  | 40,367 |  |

| Directors' pension contributions to money purchase schemes | 455 |  | 562 |  |

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Financial Statements - continued

for the Period 1 July 2024 to 31 March 2025

4. | EMPLOYEES AND DIRECTORS - continued

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

| Money purchase schemes | 3 |  | 3 |  |

5. | OPERATING PROFIT

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

| Period |

| 1.7.24 |

| to | Year Ended

| 31.3.25 |  | 30.6.24

£ | £ |

| Depreciation - owned assets | 98,205 |  | 132,084 |  |

| Depreciation - assets on hire purchase contracts | 555,276 |  | 508,560 |  |

| Profit on disposal of fixed assets | (4,274 | ) | (21,331 | ) |

| Goodwill amortisation | (58,863 | ) | (78,484 | ) |

| Auditors' remuneration | 42,848 |  | 41,342 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| Period |

| 1.7.24 |

| to | Year Ended

| 31.3.25 |  | 30.6.24

£ | £ |

| Bank loan interest | 33,168 |  | 25,729 |  |

| Hire purchase | 208,827 |  | 166,921 |  |

241,995 |  | 192,650 |  |

7. | TAXATION

| Analysis of the tax (credit)/charge

| The tax (credit)/charge on the profit for the period was as follows:

| Period |

| 1.7.24 |

| to | Year Ended

| 31.3.25 |  | 30.6.24

£ | £ |

| Current tax:

| Corporation tax - prior year | (132,625 | ) | - |  |

| Deferred tax | (11,953 | ) | 849,618 |  |

| Tax on profit | (144,578 | ) | 849,618 |  |

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

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Financial Statements - continued

for the Period 1 July 2024 to 31 March 2025

7. | TAXATION - continued

| Reconciliation of total tax (credit)/charge included in profit and loss

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

| Period |

| 1.7.24 |

| to | Year Ended

| 31.3.25 |  | 30.6.24

£ | £ |

| Profit before tax | 744,137 |  | 3,049,078 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 186,034 |  | 762,270 |  |

| Effects of:

| Expenses not deductible for tax purposes | 8,529 |  | 5,420 |  |

| Adjustments to tax charge in respect of previous periods | (324,426 | ) | 101,549 |  |

| rate |

| Non-taxable consolidation adjustments | (14,715 | ) | (19,621 | ) |

| Total tax (credit)/charge | (144,578 | ) | 849,618 |  |

8. | INDIVIDUAL INCOME STATEMENT

| 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.

9. | DIVIDENDS

| Period |  |

| 1.7.24 |  |

|  | to |  |  | Year Ended |

|  | 30.6.25 |  |  | 30.6.24 |

|  | £ |  |  | £ |

| Interim |  | 188,100 |  |  | 250,800 |

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Financial Statements - continued

for the Period 1 July 2024 to 31 March 2025

10. | INTANGIBLE FIXED ASSETS

| Group

| Goodwill

£ |

| COST

| At 1 July 2024

| and 31 March 2025 | (392,419 | ) |

| AMORTISATION

| At 1 July 2024 | (240,684 | ) |

| Amortisation for period | (58,863 | ) |

| At 31 March 2025 | (299,547 | ) |

| NET BOOK VALUE

| At 31 March 2025 | (92,872 | ) |

| At 30 June 2024 | (151,735 | ) |

11. | TANGIBLE FIXED ASSETS

| Group

| Improvements |

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

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 July 2024 | 378,015 |  | 6,483,859 |  | 1,691,286 |  | 195,932 |  | 8,749,092 |  |

| Additions | - |  | 79,108 |  | 218,648 |  | - |  | 297,756 |  |

| Disposals | - |  | (1,401,051 | ) | (470,507 | ) | - |  | (1,871,558 | ) |

| At 31 March 2025 | 378,015 |  | 5,161,916 |  | 1,439,427 |  | 195,932 |  | 7,175,290 |  |

| DEPRECIATION

| At 1 July 2024 | 221,957 |  | 2,452,483 |  | 556,940 |  | 153,737 |  | 3,385,117 |  |

| Charge for period | 16,176 |  | 447,905 |  | 184,116 |  | 5,284 |  | 653,481 |  |

| Eliminated on disposal | - |  | (776,810 | ) | (243,304 | ) | - |  | (1,020,114 | ) |

| At 31 March 2025 | 238,133 |  | 2,123,578 |  | 497,752 |  | 159,021 |  | 3,018,484 |  |

| NET BOOK VALUE

| At 31 March 2025 | 139,882 |  | 3,038,338 |  | 941,675 |  | 36,911 |  | 4,156,806 |  |

| At 30 June 2024 | 156,058 |  | 4,031,376 |  | 1,134,346 |  | 42,195 |  | 5,363,975 |  |

| The net book value of assets held under finance leases or hire purchase contracts, included above, is £3,482,187 (30.6.24 - £4,634,806).

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Financial Statements - continued

for the Period 1 July 2024 to 31 March 2025

12. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertaking

£ |

| COST

| At 1 July 2024

| and 31 March 2025 | 151,935 |  |

| NET BOOK VALUE

| At 31 March 2025 | 151,935 |  |

| At 30 June 2024 | 151,935 |  |

13. | STOCKS

| Group |

| 31.3.25 |  | 30.6.24 |

£ | £ |

| Stocks | 72,005 |  | 76,622 |  |

| Contract work-in-progress | - |  | 6,433,777 |  |

72,005 |  | 6,510,399 |  |

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

| Group |  | Company |

| 31.3.25 |  | 30.6.24 |  | 31.3.25 |  | 30.6.24 |

£ | £ | £ | £ |

| Trade debtors | 1,738,436 |  | 2,328,135 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 5,345 |  | 7,975 |  |

| Amounts recoverable on contracts | 418,697 |  | 719,306 |  | - |  | - |  |

| Other debtors | 789,271 |  | 219,572 |  | - |  | - |  |

| Directors' current accounts | 621,985 |  | - |  | 621,985 |  | - |  |

| Prepayments and accrued income | 492,036 |  | 239,649 |  | - |  | - |  |

4,060,425 |  | 3,506,662 |  | 627,330 |  | 7,975 |  |

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Financial Statements - continued

for the Period 1 July 2024 to 31 March 2025

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

| Group |  | Company |

| 31.3.25 |  | 30.6.24 |  | 31.3.25 |  | 30.6.24 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 17) | 686,530 |  | 779,999 |  | - |  | - |  |

| Other loans (see note 17) | 33,951 |  | 30,060 |  | - |  | - |  |

| Hire purchase contracts (see note 18) | 804,279 |  | 999,359 |  | - |  | - |  |

| Payments on account | 60,535 |  | 3,599,405 |  | - |  | - |  |

| Trade creditors | 2,441,146 |  | 3,430,086 |  | 2,879 |  | 141 |  |

| Amounts owed to group undertakings | - |  | - |  | 3,000,000 |  | - |  |

| Corporation tax | 100 |  | 100 |  | - |  | - |  |

| Social security and other taxes | 200,443 |  | 1,214,857 |  | - |  | - |  |

| Other creditors | 38,754 |  | 38,879 |  | 30 |  | 30 |  |

| Directors' current accounts | - |  | 50,000 |  | - |  | 50,000 |  |

| Accruals and deferred income | 609,755 |  | 438,355 |  | 2,400 |  | 2,400 |  |

4,875,493 |  | 10,581,100 |  | 3,005,309 |  | 52,571 |  |

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

| Group |  | Company |

| 31.3.25 |  | 30.6.24 |  | 31.3.25 |  | 30.6.24 |

£ | £ | £ | £ |

| Bank loans (see note 17) | 3,532 |  | 11,375 |  | - |  | - |  |

| Other loans (see note 17) | 38,232 |  | 68,171 |  | - |  | - |  |

| Hire purchase contracts (see note 18) | 2,130,445 |  | 2,869,647 |  | - |  | - |  |

| Other creditors | 25,000 |  | 25,000 |  | - |  | - |  |

| Directors' loan accounts | - |  | 100,000 |  | - |  | 100,000 |  |

2,197,209 |  | 3,074,193 |  | - |  | 100,000 |  |

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Financial Statements - continued

for the Period 1 July 2024 to 31 March 2025

17. | LOANS

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

| Group |

| 31.3.25 |  | 30.6.24 |

£ | £ |

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

| Bank overdrafts | 676,105 |  | 769,765 |  |

| Bank loans | 10,425 |  | 10,234 |  |

| Other loans | 33,951 |  | 30,060 |  |

720,481 |  | 810,059 |  |

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

| Bank loans - 1-2 years | 3,532 |  | 10,234 |  |

| Other loans - 1-2 years | 38,232 |  | 30,060 |  |

41,764 |  | 40,294 |  |

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

| Bank loans - 2-5 years | - |  | 1,141 |  |

| Other loans - 2-5 years | - |  | 38,111 |  |

- |  | 39,252 |  |

| The bank loan is unsecured and is guaranteed under the Bounce Back Loan Scheme. The loan is repayable in equal instalments over five years. Interest is charged at 2.5% per annum.

| The other loan is unsecured and repayable in equal instalments over 5 years. Interest is charged at 7.3% per annum.

18. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

| 31.3.25 |  | 30.6.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 804,279 |  | 999,359 |  |

| Between one and five years | 2,130,445 |  | 2,869,647 |  |

2,934,724 |  | 3,869,006 |  |

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Financial Statements - continued

for the Period 1 July 2024 to 31 March 2025

18. | LEASING AGREEMENTS - continued

| Group

| Non-cancellable |

| operating leases |

| 31.3.25 |  | 30.6.24

£ | £ |

| Within one year | 60,162 |  | 122,993 |  |

| Between one and five years | 44,883 |  | 116,784 |  |

105,045 |  | 239,777 |  |

| The hire purchase loans are repayable monthly over periods ranging from 3 to 5 years at interest rates between 0% and 6% per annum.

19. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

| 31.3.25 |  | 30.6.24 |

£ | £ |

| Bank overdraft | 676,105 |  | 769,765 |  |

| Hire purchase contracts | 2,934,724 |  | 3,869,006 |  |

3,610,829 |  | 4,638,771 |  |

| The bank overdraft is a financing arrangement secured by a fixed and floating charge over the assets of the assets of various group companies.

| Obligations under hire purchase contracts are secured on the assets to which they relate.

20. | PROVISIONS FOR LIABILITIES

| Group |

| 31.3.25 |  | 30.6.24 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 1,025,410 |  | 1,178,303 |  |

| Tax losses carried forward | (53,462 | ) | (194,402 | ) |

971,948 |  | 983,901 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 983,901 |  |

| Credit to Income Statement during period | (11,953 | ) |

| Balance at 31 March 2025 | 971,948 |  |

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Financial Statements - continued

for the Period 1 July 2024 to 31 March 2025

21. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

|  | Nominal |  | 31.3.25 |  |  | 30.6.24 |

| Number: |  | Class: |  | value: |  | £ |  |  | £ |

| 20 |  | Ordinary A Shares |  | £1 |  | 20 |  |  | 20 |

| 20 |  | Ordinary B Shares |  | £1 |  | 20 |  |  | 20 |

| 20 |  | Ordinary C Shares |  | £1 |  | 20 |  |  | 20 |

|  | 60 |  |  | 60 |

| All share classes carry full voting rights with no restrictions and have no restrictions on the repayment of capital. The directors are entitled to vote an individual dividend on one class of share without the same dividend being voted to any other type of share.

22. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the period ended 31 March 2025 and the year ended 30 June 2024:

| 31.3.25 |  | 30.6.24

£ | £ |

| R Dolman

| Balance outstanding at start of period | - |  | - |  |

| Amounts advanced | 250,612 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | 250,612 |  | - |  |

| M W Henderson

| Balance outstanding at start of period | - |  | - |  |

| Amounts advanced | 371,373 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | 371,373 |  | - |  |

| The loans were repayable on demand and interest has been charged at the HMRC official rate.

| A R Demolition has given a guarantee of £398,323 in respect of a property loan taken out by a partnership which includes the director, R Dolman.

23. | RELATED PARTY DISCLOSURES

| Key management personnel of the entity or its parent (in the aggregate)

| 31.3.25 |  | 30.6.24

£ | £ |

| Dividends | 188,100 |  | 250,800 |  |

| Amount due from related party | 621,985 |  | 1,364 |  |

| Amount due to related party | - |  | 149,483 |  |

| MRM Group Holdings Limited (Registered number: 14916619) |

Notes to the Consolidated Financial Statements - continued

for the Period 1 July 2024 to 31 March 2025

23. | RELATED PARTY DISCLOSURES - continued

| Other related parties

| 31.3.25 |  | 30.6.24

£ | £ |

| Sales | 62,924 |  | 133,546 |  |

| Purchases | 368,057 |  | 261,315 |  |

| Amount due from related party | 661,486 |  | 82,459 |  |

| Amount due to related party | 62,478 |  | 35,905 |  |

| Other related parties are entities under common control.

24. | ULTIMATE CONTROLLING PARTY

| After the period end MRM Group 2025 Limited became the parent company of MRM Group Holdings Limited and ultimate parent company of the group. MRM Group 2025 Limited is controlled by the MRM Employee Share Ownership Trust.