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REGISTERED NUMBER: 06404783 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

BOWMER BOND (HOLDINGS) LIMITED

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

Company Information | 1 |

Group Strategic Report | 2 |

Report of the Directors | 3 |

Report of the Independent Auditors | 5 |

Consolidated Income Statement | 8 |

Consolidated Other Comprehensive Income | 9 |

Consolidated Balance Sheet | 10 |

Company Balance Sheet | 11 |

Consolidated Statement of Changes in Equity | 12 |

Company Statement of Changes in Equity | 13 |

Consolidated Cash Flow Statement | 14 |

Notes to the Consolidated Cash Flow Statement | 15 |

Notes to the Consolidated Financial Statements | 16 |

BOWMER BOND (HOLDINGS) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTORS: | P Horsnall

| M A Allender

| G D Sellers

| Mrs R R MacArtney

| SECRETARY: | Mrs R R MacArtney

| REGISTERED OFFICE: | Hanging Bridge Mills

| Ashbourne

| Derbyshire

| DE6 2EA

| REGISTERED NUMBER: | 06404783 (England and Wales)

| AUDITORS: | Hollis and Co Limited

| Chartered Accountants

| Statutory Auditor

| 35 Wilkinson Street

| Sheffield

| South Yorkshire

| S10 2GB

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30 JUNE 2025

The directors present their strategic report of the company and the group for the year ended 30 June 2025.

REVIEW OF BUSINESS

The results of the group for the year and financial position of the company are as shown in the annexed financial statements.

For the year ended 30th June 2025, the group achieved a profit before tax of £670,119 (2024: £661,282) on turnover of £10,646,936 (2024: £10,394,809).

The group continues to retain a strong focus on managing efficiency and cost control, despite the rising cost of raw materials. The gross margin achieved was 41.1% compared with 41.8% last year, The business KPI's are continually monitored by the directors and changes are implemented where deemed appropriate in order to minimise the effects of any risks and uncertainties in retaining market share and maintaining margins to cover overheads.

During the period the group continued to reinvest in the research and development of new and innovative products and processes to gain a competitive advantage in existing and new markets.

On 28th September 2022 Bowmer Bond (Holdings) Limited transitioned to an Employee-Owned Trust (EOT),

By forming an Employee-Owned Trust (EOT), the directors believe that the group can best serve its customers, employees and all other stakeholders by retaining the values and culture which sit at the heart of the business.

Further to this, the transition to an Employee-owned company will also serve the best interests of our customers and the wider markets supplied.

Overall, the directors are satisfied with the performance for the year.

PRINCIPAL RISKS AND UNCERTAINTIES

Competitive pressure is a continuing risk which requires the company to produce high quality and affordable products to its loyal customers.

The group is exposed to fluctuations of both the US Dollar and Euro currencies and seeks to mitigate potential losses that may be incurred. The directors expect the current global economic uncertainties to continue for some time and will continue to seek to mitigate the risks that arise while identifying and exploring opportunities.

FUTURE DEVELOPMENTS

The directors undertake to continue to maintain and adapt the strategies that have been developed to grow the business and to look for new innovative products and services to further complement the existing portfolio of high quality webbing products.

ON BEHALF OF THE BOARD:

M A Allender - Director

16 March 2026

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 JUNE 2025

The directors present their report with the financial statements of the company and the group for the year ended 30 June 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the manufacture and distribution of narrow fabrics.

DIVIDENDS

No dividends will be distributed for the year ended 30 June 2025.

DIRECTORS

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

P Horsnall

M A Allender

G D Sellers

Other changes in directors holding office are as follows:

Mrs R R MacArtney was appointed as a director after 30 June 2025 but prior to the date of this report.

QUALIFYING THIRD PARTY INDEMNITY PROVISION

During the financial year and at the time the directors report is approved, a Qualifying Third Party Indemnity Provision for the benefit of the company's directors is in force.

DISCLOSURE IN THE STRATEGIC REPORT

As required by Section 414C(11) Companies Act 2006, this statement confirms that certain items that are required to be disclosed in the directors report are set out in the strategic 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.

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 JUNE 2025

AUDITORS

The auditors, Hollis and Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M A Allender - Director

16 March 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

BOWMER BOND (HOLDINGS) LIMITED

Opinion

We have audited the financial statements of Bowmer Bond (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 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 30 June 2025 and of the group's profit for the year 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

BOWMER BOND (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 three, 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.

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:

We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Enquiry of management, those charged with governance and the entity's in-house legal team around actual and potential litigation and claims;

- Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations;

- Reviewing minutes of meetings of those charged with governance;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

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

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 further 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

BOWMER BOND (HOLDINGS) LIMITED

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 Hollis (Senior Statutory Auditor)

for and on behalf of Hollis and Co Limited

Chartered Accountants

Statutory Auditor

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

18 March 2026

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

CONSOLIDATED INCOME STATEMENT

FOR THE YEAR ENDED 30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

TURNOVER | 3 | 10,646,936 |  | 10,394,809 |  |

Cost of sales | 6,265,965 |  | 6,050,367 |  |

GROSS PROFIT | 4,380,971 |  | 4,344,442 |  |

Distribution costs | 1,135,743 |  | 1,160,644 |  |

Administrative expenses | 2,536,600 |  | 2,478,393 |  |

|  |  | 3,672,343 |  |  |  |  | 3,639,037 |  |

708,628 |  | 705,405 |  |

Other operating income | 15,220 |  | 30,186 |  |

OPERATING PROFIT | 5 | 723,848 |  | 735,591 |  |

Interest receivable and similar income | 9,828 |  | 14,682 |  |

733,676 |  | 750,273 |  |

Interest payable and similar expenses | 7 | 63,557 |  | 88,991 |  |

PROFIT BEFORE TAXATION | 670,119 |  | 661,282 |  |

Tax on profit | 8 | 121,572 |  | 112,230 |  |

PROFIT FOR THE FINANCIAL YEAR | 548,547 |  | 549,052 |  |

Profit attributable to:

Owners of the parent | 548,547 |  | 549,052 |  |

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

CONSOLIDATED OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 JUNE 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 548,547 |  | 549,052 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 548,547 |  | 549,052 |  |

Total comprehensive income attributable to:

Owners of the parent | 548,547 |  | 549,052 |  |

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

CONSOLIDATED BALANCE SHEET

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | - |  | - |  |

Tangible assets | 11 | 1,413,840 |  | 1,491,781 |  |

Investments | 12 | 33,876 |  | 33,876 |  |

1,447,716 |  | 1,525,657 |  |

CURRENT ASSETS

Stocks | 13 | 2,206,019 |  | 2,219,337 |  |

Debtors | 14 | 1,975,268 |  | 1,983,331 |  |

Cash at bank and in hand | 618,703 |  | 813,100 |  |

4,799,990 |  | 5,015,768 |  |

CREDITORS

Amounts falling due within one year | 15 | 1,480,519 |  | 2,588,215 |  |

NET CURRENT ASSETS | 3,319,471 |  | 2,427,553 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,767,187 |  | 3,953,210 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (829,742 | ) | - |  |

PROVISIONS FOR LIABILITIES | 20 | (148,355 | ) | (212,660 | ) |

NET ASSETS | 3,789,090 |  | 3,740,550 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 125,001 |  | 125,001 |  |

Capital redemption reserve | 22 | 117,500 |  | 117,500 |  |

Retained earnings | 22 | 3,546,589 |  | 3,498,049 |  |

SHAREHOLDERS' FUNDS | 3,789,090 |  | 3,740,550 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 16 March 2026 and were signed on its behalf by:

M A Allender - Director

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

COMPANY BALANCE SHEET

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | - |  | - |  |

Tangible assets | 11 | 1,094,520 |  | 1,120,580 |  |

Investments | 12 | 2,722,154 |  | 2,722,154 |  |

3,816,674 |  | 3,842,734 |  |

CURRENT ASSETS

Debtors | 14 | 377,754 |  | 3,030 |  |

Cash at bank | 4,343 |  | 12,742 |  |

382,097 |  | 15,772 |  |

CREDITORS

Amounts falling due within one year | 15 | 257,591 |  | 1,665,594 |  |

NET CURRENT ASSETS/(LIABILITIES) | 124,506 |  | (1,649,822 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,941,180 |  | 2,192,912 |  |

CREDITORS

Amounts falling due after more than one year | 16 | 812,066 |  | - |  |

NET ASSETS | 3,129,114 |  | 2,192,912 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 125,001 |  | 125,001 |  |

Capital redemption reserve | 22 | 117,500 |  | 117,500 |  |

Retained earnings | 22 | 2,886,613 |  | 1,950,411 |  |

SHAREHOLDERS' FUNDS | 3,129,114 |  | 2,192,912 |  |

Company's profit for the financial year | 1,436,209 |  | 1,252,548 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 16 March 2026 and were signed on its behalf by:

M A Allender - Director

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2025

| Called up |  | Capital |

| share |  | Retained |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 July 2023 | 125,001 |  | 3,449,001 |  | 117,500 |  | 3,691,502 |  |

Changes in equity

Total comprehensive income | - |  | 549,052 |  | - |  | 549,052 |  |

Contribution to EOT | - |  | (500,004 | ) | - |  | (500,004 | ) |

Balance at 30 June 2024 | 125,001 |  | 3,498,049 |  | 117,500 |  | 3,740,550 |  |

Changes in equity

Total comprehensive income | - |  | 548,547 |  | - |  | 548,547 |  |

Contribution to EOT | - |  | (500,007 | ) | - |  | (500,007 | ) |

Balance at 30 June 2025 | 125,001 |  | 3,546,589 |  | 117,500 |  | 3,789,090 |  |

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2025

| Called up |  | Capital |

| share |  | Retained |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 July 2023 | 125,001 |  | 1,197,867 |  | 117,500 |  | 1,440,368 |  |

Changes in equity

Total comprehensive income | - |  | 1,252,548 |  | - |  | 1,252,548 |  |

Contribution to EOT | - |  | (500,004 | ) | - |  | (500,004 | ) |

Balance at 30 June 2024 | 125,001 |  | 1,950,411 |  | 117,500 |  | 2,192,912 |  |

Changes in equity

Total comprehensive income | - |  | 1,436,209 |  | - |  | 1,436,209 |  |

Contribution to EOT | - |  | (500,007 | ) | - |  | (500,007 | ) |

Balance at 30 June 2025 | 125,001 |  | 2,886,613 |  | 117,500 |  | 3,129,114 |  |

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 JUNE 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 758,436 |  | 1,000,431 |  |

Interest paid | (63,557 | ) | (88,991 | ) |

Tax paid | (94,559 | ) | (137,578 | ) |

Net cash from operating activities | 600,320 |  | 773,862 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (56,552 | ) | (174,761 | ) |

Interest received | 9,828 |  | 14,682 |  |

Net cash from investing activities | (46,724 | ) | (160,079 | ) |

Cash flows from financing activities

Capital repayments in year | (247,986 | ) | (54,983 | ) |

Amount introduced by directors | - |  | 4,437 |  |

Contributions made to EOT | (500,007 | ) | (500,004 | ) |

Net cash from financing activities | (747,993 | ) | (550,550 | ) |

(Decrease)/increase in cash and cash equivalents | (194,397 | ) | 63,233 |  |

Cash and cash equivalents at beginning of year | 2 | 813,100 |  | 749,867 |  |

Cash and cash equivalents at end of year | 2 | 618,703 |  | 813,100 |  |

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 JUNE 2025

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

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 670,119 |  | 661,282 |  |

| Depreciation charges | 134,493 |  | 132,536 |  |

| Expenditure - dilapidation provision | (51,810 | ) | (42,191 | ) |

| Finance costs | 63,557 |  | 88,991 |  |

| Finance income | (9,828 | ) | (14,682 | ) |

806,531 |  | 825,936 |  |

| Decrease in stocks | 13,318 |  | 88,519 |  |

| Decrease in trade and other debtors | 8,064 |  | 40,884 |  |

| (Decrease)/increase in trade and other creditors | (69,477 | ) | 45,092 |  |

| Cash generated from operations | 758,436 |  | 1,000,431 |  |

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:

| Year ended 30 June 2025

| 30/6/25 |  | 1/7/24

£ | £ |

| Cash and cash equivalents | 618,703 |  | 813,100 |  |

| Year ended 30 June 2024

| 30/6/24 |  | 1/7/23

£ | £ |

| Cash and cash equivalents | 813,100 |  | 749,867 |  |

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1/7/24 | Cash flow | At 30/6/25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 813,100 |  | (194,397 | ) | 618,703 |  |

813,100 |  | (194,397 | ) | 618,703 |  |

| Debt

| Finance leases | (2,777 | ) | (23,920 | ) | (26,697 | ) |

| Debts falling due within 1 year | (1,137,662 | ) | 1,083,972 |  | (53,690 | ) |

| Debts falling due after 1 year | - |  | (812,066 | ) | (812,066 | ) |

(1,140,439 | ) | 247,986 |  | (892,453 | ) |

| Total | (327,339 | ) | 53,589 |  | (273,750 | ) |

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| Bowmer Bond (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 figures in the financial statements are rounded to the nearest £.

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.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| 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.

| Preparation of consolidated financial statements

| The Group financial statements consolidate the financial statements of Bowmer Bond (Holdings) Limited and all its subsidiary undertakings. The Group profit and loss account includes the results of Bowmer Bond (Holdings) Limited and all its subsidiaries after inter group trading and profits have that been eliminated.

| Significant judgements and estimates

| - Key sources of estimation uncertainty.

| The Company believes that there are no areas of material estimation uncertainty which affect the financial statements.

| - Critical accounting judgements in applying the Company's accounting policies.

| The Company believes that the major judgements applied are:

| - The use of the going concern principle which is based on the belief that the company will have adequate resources to continue in operational existence for the foreseeable future.

| - Based on a review of the ongoing trading budgets and forecasts of its investments, that there is no need to

| impair those investments and debtor balances due to the company from those entities.

| Turnover and revenue recognition

| Turnover represents amounts invoiced to customers in respect of goods, exclusive of value added tax. revenues are recognised when the goods have been despatched to the customer.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of two 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.

| Intellectual property rights are being amortised evenly over their estimated useful life of nil years.

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Intellectual property rights

| Purchased Intellectual property rights are amortised over a period of 2 years from the date of acquisition of those rights.

| Purchased Intellectual property property rights are also reviewed annually for any impairment below its carrying value reviewed annually for any impairment.

| 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.

| Freehold property | - | 2% Straight Line on cost or revaluation

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 20% to 33% on cost

| Motor vehicles | - | 20% on cost

| Tangible fixed assets are stated at the historical cost less accumulated depreciation and any accumulated

| impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to its

| present location and condition.

| Stocks

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

| Financial instruments

| Financial Assets and Liabilities

| The company's group loans receivable and payable meet the definition of a basic financial instrument, so they are originally recognised at the transaction price.

| Debt instruments which are financing transactions at a rate of interest that is not a market rate.

| Where debt instruments are classified as assets due after more than one year or long term liabilities, then the

| company measures these at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Where debt instruments are classified as current assets or current liabilities, then there is no present value

| adjustment to the initial measurement based on amortised cost.

| Taxation

| Taxation for the year 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.

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Goodwill on consolidation

| The negative goodwill on consolidation that arose as a result of the company's purchase of the entire share capital of B B Ashbourne Limited (and its subsidiaries) in 2007 was immediately credited to the groups profit and loss account.

| Financial instruments

| Basic financial instruments are initially accounted for at the transaction price and are subsequently measured using the amortised costs and effective interest method.

| The group does not have any complex financial instruments.

| Operating leases

| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the group.

| An analysis of turnover by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Narrow fabrics | 10,646,936 |  | 10,394,809 |  |

10,646,936 |  | 10,394,809 |  |

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 6,363,598 |  | 6,097,098 |  |

| Europe | 3,177,022 |  | 3,372,750 |  |

| Rest of the world | 1,106,316 |  | 924,961 |  |

10,646,936 |  | 10,394,809 |  |

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 3,027,022 |  | 2,851,749 |  |

| Social security costs | 322,945 |  | 286,808 |  |

| Other pension costs | 107,756 |  | 111,148 |  |

3,457,723 |  | 3,249,705 |  |

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

| 2025 |  | 2024

| Production and sales | 84 |  | 84 |  |

| Office and management | 11 |  | 11 |  |

| Directors | 4 |  | 3 |  |

99 |  | 98 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 232,367 |  | 204,797 |  |

| Directors' pension contributions to money purchase schemes | 14,964 |  | 15,583 |  |

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

| Money purchase schemes | 2 |  | 2 |  |

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

4. | EMPLOYEES AND DIRECTORS - continued

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 121,144 |  | 86,326 |  |

| Pension contributions to money purchase schemes | 9,905 |  | 9,632 |  |

5. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 126,645 |  | 128,319 |  |

| Depreciation - assets on hire purchase contracts | 7,848 |  | 4,217 |  |

| Audit of other group entities | 11,000 |  | 11,000 |  |

| Audit of the company | 4,000 |  | 4,000 |  |

| Operating leases - plant and machinery | 46,350 |  | 45,535 |  |

| Operating leases - other | 180,000 |  | 180,000 |  |

| Research and development costs | 368,339 |  | 301,026 |  |

| Pension costs | 102,697 |  | 105,197 |  |

| Foreign exchange differences | (81,707 | ) | (106,468 | ) |

6. | EXCEPTIONAL ITEMS

| 2025 |  | 2024

£ | £ |

| Exceptional items | - |  | (50,061 | ) |

| Exceptional items are in respect of loans written off and a fine relating to the failure to discharge health, safety and welfare duty to an employee.

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 63,557 |  | 88,991 |  |

8. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 134,067 |  | 94,600 |  |

| Deferred tax - timing differences | (12,495 | ) | 17,630 |  |

| Tax on profit | 121,572 |  | 112,230 |  |

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

8. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

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

| 2025 |  | 2024

£ | £ |

| Profit before tax | 670,119 |  | 661,282 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 167,530 |  | 165,321 |  |

| Effects of:

| Expenses not deductible for tax purposes | 2,778 |  | 1,016 |  |

| Capital allowances in excess of depreciation | - |  | (11,115 | ) |

| Depreciation in excess of capital allowances | 19,011 |  | - |  |

| Enhanced tax relief on Research and Development expenditure | (55,252 | ) | (64,721 | ) |

| asset |

| Deferred tax provision | (12,495 | ) | 17,630 |  |

| Loan write off | - |  | 4,099 |  |

| Total tax charge | 121,572 |  | 112,230 |  |

9. | 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.

10. | INTANGIBLE FIXED ASSETS

| Group

| Intellectual |

| property |

| Goodwill |  | rights |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024

| and 30 June 2025 | 66,071 |  | 20,000 |  | 86,071 |  |

| AMORTISATION

| At 1 July 2024

| and 30 June 2025 | 66,071 |  | 20,000 |  | 86,071 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  | - |  | - |  |

| At 30 June 2024 | - |  | - |  | - |  |

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

10. | INTANGIBLE FIXED ASSETS - continued

| Company

| Intellectual

| property

| rights

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 20,000 |  |

| AMORTISATION

| At 1 July 2024

| and 30 June 2025 | 20,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  |

| At 30 June 2024 | - |  |

11. | TANGIBLE FIXED ASSETS

| Group

| Fixtures |

| Freehold |  | Plant and |  | and |  | Motor |

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

£ | £ | £ | £ | £ |

| COST

| At 1 July 2024 | 1,303,000 |  | 2,807,809 |  | 1,390,333 |  | 14,880 |  | 5,516,022 |  |

| Additions | - |  | 21,735 |  | 9,067 |  | 25,750 |  | 56,552 |  |

| At 30 June 2025 | 1,303,000 |  | 2,829,544 |  | 1,399,400 |  | 40,630 |  | 5,572,574 |  |

| DEPRECIATION

| At 1 July 2024 | 182,420 |  | 2,609,426 |  | 1,217,515 |  | 14,880 |  | 4,024,241 |  |

| Charge for year | 26,060 |  | 43,935 |  | 59,348 |  | 5,150 |  | 134,493 |  |

| At 30 June 2025 | 208,480 |  | 2,653,361 |  | 1,276,863 |  | 20,030 |  | 4,158,734 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,094,520 |  | 176,183 |  | 122,537 |  | 20,600 |  | 1,413,840 |  |

| At 30 June 2024 | 1,120,580 |  | 198,383 |  | 172,818 |  | - |  | 1,491,781 |  |

| The total carrying value of tangible fixed assets are pledged as security for the the groups bank borrowings.

| The net carrying value of tangible fixed assets held under finance leases at the year end was £31,394 (2024- £13,492)

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

11. | TANGIBLE FIXED ASSETS - continued

| Company

| Freehold |  | Plant and |

| property |  | machinery |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024

| and 30 June 2025 | 1,303,000 |  | 5,000 |  | 1,308,000 |  |

| DEPRECIATION

| At 1 July 2024 | 182,420 |  | 5,000 |  | 187,420 |  |

| Charge for year | 26,060 |  | - |  | 26,060 |  |

| At 30 June 2025 | 208,480 |  | 5,000 |  | 213,480 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,094,520 |  | - |  | 1,094,520 |  |

| At 30 June 2024 | 1,120,580 |  | - |  | 1,120,580 |  |

| The total carrying value of tangible fixed assets are pledged as security for the the company's bank borrowings.

| The freehold property is being rented to another group entity.

12. | FIXED ASSET INVESTMENTS

| Group

| Unlisted

| investments

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 33,876 |  |

| NET BOOK VALUE

| At 30 June 2025 | 33,876 |  |

| At 30 June 2024 | 33,876 |  |

| Company

| Unlisted

| investments

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 2,722,154 |  |

| NET BOOK VALUE

| At 30 June 2025 | 2,722,154 |  |

| At 30 June 2024 | 2,722,154 |  |

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

12. | FIXED ASSET INVESTMENTS - continued

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiaries

| BB Ashbourne Limited

| Registered office: Hanging Bridge Mills, Ashbourne, Derbyshire, DE6 2EA

| Nature of business: Intermediate holding company

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Bowmer Bond Narrow Fabrics Limited

| Registered office: Hanging Bridge Mills, Ashbourne, Derbyshire, DE6 2EA

| Nature of business: Manufacture and sale of narrow fabrics

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| The holding in Bowmer Bond Narrow Fabrics Limited is an indirect holding held through BB Ashbourne Limited.

13. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Finished goods | 867,953 |  | 919,811 |  |

| Raw materials | 1,338,066 |  | 1,299,526 |  |

2,206,019 |  | 2,219,337 |  |

| The total carrying value of stock is pledged as security for the groups bank borrowings.

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade debtors | 1,905,835 |  | 1,920,055 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 372,880 |  | - |  |

| Other debtors | 28,316 |  | 28,083 |  | - |  | - |  |

| Tax | 2,342 |  | 2,341 |  | 1,498 |  | 1,498 |  |

| Called up share capital not paid | 1 |  | 1 |  | 1 |  | 1 |  |

| Prepayments | 38,774 |  | 32,851 |  | 3,375 |  | 1,531 |  |

1,975,268 |  | 1,983,331 |  | 377,754 |  | 3,030 |  |

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 17) | 53,690 |  | 1,137,662 |  | 53,690 |  | 1,137,662 |  |

| Hire purchase contracts (see note 18) | 9,021 |  | 2,777 |  | - |  | - |  |

| Trade creditors | 730,754 |  | 837,495 |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | - |  | 350,886 |  |

| Tax | 134,109 |  | 94,600 |  | 117,250 |  | 94,600 |  |

| Social security and other taxes | 99,480 |  | 90,235 |  | 8,393 |  | 12,587 |  |

| VAT | 115,777 |  | 123,852 |  | 30,872 |  | 25,672 |  |

| Other creditors | 40,773 |  | 37,553 |  | - |  | - |  |

| Accrued expenses | 296,915 |  | 264,041 |  | 47,386 |  | 44,187 |  |

1,480,519 |  | 2,588,215 |  | 257,591 |  | 1,665,594 |  |

| The company is financed via a loan from a wholly owned group undertaking and term loan's from its bankers. The company has received assurances from the group undertaking that it will not seek repayment of the loan, in full or in part, if this would prejudice the working capital requirements of the company.

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans (see note 17) | 812,066 |  | - |  | 812,066 |  | - |  |

| Hire purchase contracts (see note 18) | 17,676 |  | - |  | - |  | - |  |

829,742 |  | - |  | 812,066 |  | - |  |

17. | LOANS

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

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

| Bank loans | 53,690 |  | 1,137,662 |  | 53,690 |  | 1,137,662 |  |

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

| Bank loans - 1-2 years | 57,134 |  | - |  | 57,134 |  | - |  |

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

| Bank loans - 2-5 years | 754,932 |  | - |  | 754,932 |  | - |  |

| The group has a bank loan which is being repaid on a monthly basis with a final repayment being due by September 2027. The interest rates charge is 1.75% above Barclays bank base rate .

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

18. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 9,021 |  | 2,777 |  |

| Between one and five years | 17,676 |  | - |  |

26,697 |  | 2,777 |  |

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 201,966 |  | 17,872 |  |

| Between one and five years | 807,603 |  | 845,223 |  |

| In more than five years | 1,237,800 |  | 1,275,000 |  |

2,247,369 |  | 2,138,095 |  |

19. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans | 865,756 |  | 1,137,662 |  | 865,756 |  | 1,137,662 |  |

| Barclays bank borrowings are secured by a fixed charge over the groups freehold property at Hanging Bridge Mills and a floating charge over all property and undertaking of the company, dated 21 July 2015.

| Mr and Mrs P Horsnall have a fixed and floating charge over all the property or undertaking of the company.

| The Hire Purchase obligations are secured by the assets to which they relate

20. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 76,252 |  | 88,747 |  |

| Other provisions | 72,103 |  | 123,913 |  |

| Aggregate amounts | 148,355 |  | 212,660 |  |

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

20. | PROVISIONS FOR LIABILITIES - continued

| Group

| Deferred |  | Other |

| tax |  | provisions |

£ | £ |

| Balance at 1 July 2024 | 88,747 |  | 166,104 |  |

| Credit to Income Statement during year | (12,495 | ) | - |  |

| Balance at 30 June 2025 | 76,252 |  | 166,104 |  |

| Other provisions relates to dilapidation provisions arising under property leases.

21. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 125,000 | Ordinary | £1 | 125,000 |  | 125,000 |  |

| 1 | Preference | £1 | 1 |  | 1 |  |

125,001 |  | 125,001 |  |

| The rights attaching to each class of shares is as follows:

| ORDINARY SHARES:-

| Each Ordinary shareholder is entitled to one vote in any circumstances

| Dividends are allocated equally among this class of shares

| On a return, liquidation or capital reduction or otherwise, assets less liabilities are to be applied as if they were the proceeds from an exit

| The Ordinary shares are not redeemable

| PREFERENCE SHARES:-

| The Preference shares are non voting and are not entitled to dividend payments

| On a return, liquidation or capital reduction or otherwise, assets less liabilities are to be applied as if they were the proceeds from an exit

| The Preference shares are redeemable at par in accordance with the articles if no sums are owed to the founder (or their successors) under the share purchase agreement (as defined by the articles).

22. | RESERVES

| Group

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 July 2024 | 3,498,049 |  | 117,500 |  | 3,615,549 |  |

| Profit for the year | 548,547 |  | - |  | 548,547 |  |

| Contribution to EOT | (500,007 | ) | - |  | (500,007 | ) |

| At 30 June 2025 | 3,546,589 |  | 117,500 |  | 3,664,089 |  |

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

22. | RESERVES - continued

| Company

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 July 2024 | 1,950,411 |  | 117,500 |  | 2,067,911 |  |

| Profit for the year | 1,436,209 |  | - |  | 1,436,209 |  |

| Contribution to EOT | (500,007 | ) | - |  | (500,007 | ) |

| At 30 June 2025 | 2,886,613 |  | 117,500 |  | 3,004,113 |  |

23. | PENSION COMMITMENTS

| During the year, the company and the group has contributed to the personal pension schemes of certain directors and other employees.

| The assets of the schemes are held separately from those of the company in independently administered funds. The contributions payable by the company for the year amounted to £5,059 (2024: £13,868), whilst the contributions payable by the group for the year amounted to £102,697 (2024: £90,374), with outstanding contributions amounted to £Nil (2024 : £Nil).

24. | OTHER FINANCIAL COMMITMENTS

| The company is party to a cross guarantee, whereby it is a guarantor of any indebtedness of the group to the groups bankers.

| At the year end, the group has an overall indebtedness to the bank of £238,218.

25. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

2025 | 2024 |

£ | £ |

| P Horsnall

| Balance outstanding at start of year | - |  | 4,437 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | (4,437 | ) |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| The advances are interest free and there are no fixed repayments terms. The amounts are included within debtors

26. | RELATED PARTY DISCLOSURES

| FRS102 Section 33.1A exempts the company from disclosing transactions with entities that are 100% owned within the group.

| During the year, a total of key management personnel compensation of £ 623,967 (2024 - £ 519,258 ) was paid.

BOWMER BOND (HOLDINGS) LIMITED (REGISTERED NUMBER: 06404783)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

27. | SHARE-BASED PAYMENT TRANSACTIONS

| An EMI Share Option Plan exists for certain senior managers in the Group. In accordance with the scheme rules, the options are exercisable at the exercise price on the vesting date, both as defined in the option agreement. The options lapse on the tenth anniversary of the grant date or the date that employment ceases if earlier.

| The number and weighted average exercise price of the share options are as follows:

|  | Weighted average exercise price |  | Number |  |

|  | 2025 |  | 2025 |  |

| Outstanding at the beginning of the year |  | £3.60 |  | 96,250 |  |

| Granted during the year |  | £3.60 |  | 0 |  |

| Exercised during the year |  | £3.60 |  | 0 |  |

| Expired during the year |  | £3.60 |  | 0 |  |

| Outstanding at the end of the year |  | £3.60 |  | 96,250 |  |

| Exercisable at the end of the year |  | £3.60 |  | 0 |  |