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REGISTERED NUMBER: 01881904 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Carnhill Transformers Limited

Carnhill Transformers Limited (Registered number: 01881904)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Chartered Certified Accountants' Report | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 5 |

Carnhill Transformers Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | Mr J. Hall

| SECRETARY: | Mrs J. Hall

| REGISTERED OFFICE: | Unit 5 Oxonian Park

| Langford Locks

| Kidlington

| Oxfordshire

| OX5 1FP

| REGISTERED NUMBER: | 01881904 (England and Wales)

| ACCOUNTANTS: | Chapman Robinson and Moore Limited

| 30 Bankside Court

| Stationfields

| Kidlington

| Oxford

| OX5 1JE

Chartered Certified Accountants' Report to the Director

on the Unaudited Financial Statements of

Carnhill Transformers Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Carnhill Transformers Limited for the year ended 31 December 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Carnhill Transformers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Carnhill Transformers Limited and state those matters that we have agreed to state to the director of Carnhill Transformers Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Carnhill Transformers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Carnhill Transformers Limited. You consider that Carnhill Transformers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Carnhill Transformers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Chapman Robinson and Moore Limited

30 Bankside Court

Stationfields

Kidlington

Oxford

OX5 1JE

Date: .............................................

Carnhill Transformers Limited (Registered number: 01881904)

Balance Sheet

31 December 2025

| 31/12/25 |  | 31/12/24

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 402,900 |  | 484,345 |  |

Tangible assets | 5 | 207,918 |  | 190,163 |  |

610,818 |  | 674,508 |  |

CURRENT ASSETS

Stocks | 1,072,765 |  | 1,359,712 |  |

Debtors | 6 | 690,064 |  | 523,586 |  |

Cash at bank | 1,318,989 |  | 1,075,324 |  |

3,081,818 |  | 2,958,622 |  |

CREDITORS

Amounts falling due within one year | 7 | (530,504 | ) | (431,193 | ) |

NET CURRENT ASSETS | 2,551,314 |  | 2,527,429 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,162,132 |  | 3,201,937 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (50,000 | ) | (200,000 | ) |

PROVISIONS FOR LIABILITIES | 9 | (12,703 | ) | (15,023 | ) |

NET ASSETS | 3,099,429 |  | 2,986,914 |  |

Carnhill Transformers Limited (Registered number: 01881904)

Balance Sheet - continued

31 December 2025

| 31/12/25 |  | 31/12/24

| Notes | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 3,099,329 |  | 2,986,814 |  |

3,099,429 |  | 2,986,914 |  |

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

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

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 March 2026 and were signed by:

Mr J. Hall - Director

Carnhill Transformers Limited (Registered number: 01881904)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Carnhill Transformers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Preparation of consolidated financial statements

| The financial statements contain information about Carnhill Transformers Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

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

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of businesses in 2009, 2013, 2017 and 2021, are being amortised evenly over their estimated useful lives of 5 & 10 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.

| Computer software is being amortised evenly over its estimated useful life of four years.

| Tangible fixed assets

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

| Land and buildings | - | 4% on reducing balance

| Plant and machinery etc | - | 25% on reducing balance, 20% on reducing balance and 10% on cost

| Stocks

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

Carnhill Transformers Limited (Registered number: 01881904)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

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

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 50 (2024 - 62 ) .

Carnhill Transformers Limited (Registered number: 01881904)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | INTANGIBLE FIXED ASSETS

| Other |

| intangible |

| Goodwill |  | assets |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 1,566,788 |  | 16,752 |  | 1,583,540 |  |

| AMORTISATION

| At 1 January 2025 | 1,096,794 |  | 2,401 |  | 1,099,195 |  |

| Charge for year | 78,419 |  | 3,026 |  | 81,445 |  |

| At 31 December 2025 | 1,175,213 |  | 5,427 |  | 1,180,640 |  |

| NET BOOK VALUE

| At 31 December 2025 | 391,575 |  | 11,325 |  | 402,900 |  |

| At 31 December 2024 | 469,994 |  | 14,351 |  | 484,345 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 137,169 |  | 1,267,067 |  | 1,404,236 |  |

| Additions | - |  | 67,659 |  | 67,659 |  |

| Disposals | - |  | (45,590 | ) | (45,590 | ) |

| At 31 December 2025 | 137,169 |  | 1,289,136 |  | 1,426,305 |  |

| DEPRECIATION

| At 1 January 2025 | 56,954 |  | 1,157,119 |  | 1,214,073 |  |

| Charge for year | 3,209 |  | 36,866 |  | 40,075 |  |

| Eliminated on disposal | - |  | (35,761 | ) | (35,761 | ) |

| At 31 December 2025 | 60,163 |  | 1,158,224 |  | 1,218,387 |  |

| NET BOOK VALUE

| At 31 December 2025 | 77,006 |  | 130,912 |  | 207,918 |  |

| At 31 December 2024 | 80,215 |  | 109,948 |  | 190,163 |  |

Carnhill Transformers Limited (Registered number: 01881904)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

| 31/12/25 |  | 31/12/24

£ | £ |

| Trade debtors | 523,039 |  | 400,717 |  |

| Other debtors | 167,025 |  | 122,869 |  |

690,064 |  | 523,586 |  |

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

| 31/12/25 |  | 31/12/24

£ | £ |

| Trade creditors | 118,257 |  | 111,511 |  |

| Taxation and social security | 187,755 |  | 97,995 |  |

| Other creditors | 224,492 |  | 221,687 |  |

530,504 |  | 431,193 |  |

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

| 31/12/25 |  | 31/12/24

£ | £ |

| Other creditors | 50,000 |  | 200,000 |  |

9. | PROVISIONS FOR LIABILITIES

| 31/12/25 |  | 31/12/24

£ | £ |

| Deferred tax | 12,703 |  | 15,023 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 15,023 |  |

| Provided during year | (2,320 | ) |

| Balance at 31 December 2025 | 12,703 |  |

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| Amounts owed to director as at 31st December 2025 were £156,410 (2024 - £342,315). The loan is repayable on demand.