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REGISTERED NUMBER: 04061381 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Tri Management Limited

Tri Management Limited (Registered number: 04061381)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Tri Management Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | Mr J C P Flynn

| Mr M Frampton

| Mr S A Nicholls

| SECRETARY: | Mr J C P Flynn

| REGISTERED OFFICE: | 4 Park Parade

| Farnham Royal

| Slough

| Berkshire

| SL2 3AU

| REGISTERED NUMBER: | 04061381 (England and Wales)

| ACCOUNTANTS: | Wilson Partners Limited

| Chartered Accountants

| TOR

| Saint-Cloud Way

| Maidenhead

| Berkshire

| SL6 8BN

Tri Management Limited (Registered number: 04061381)

Balance Sheet

31 December 2025

| 31.12.25 |  | 31.12.24

| as restated |

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 109,588 |  | 145,426 |  |

Investments | 5 | 100 |  | 251,250 |  |

109,688 |  | 396,676 |  |

CURRENT ASSETS

Stocks | 66,728 |  | - |  |

Debtors | 6 | 3,497,264 |  | 1,944,246 |  |

Cash at bank and in hand | 1,414,411 |  | 816,263 |  |

4,978,403 |  | 2,760,509 |  |

CREDITORS

Amounts falling due within one year | 7 | (2,096,268 | ) | (880,593 | ) |

NET CURRENT ASSETS | 2,882,135 |  | 1,879,916 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,991,823 |  | 2,276,592 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (98,579 | ) | (135,762 | ) |

PROVISIONS FOR LIABILITIES | (161 | ) | (181 | ) |

NET ASSETS | 2,893,083 |  | 2,140,649 |  |

CAPITAL AND RESERVES

Called up share capital | 75 |  | 75 |  |

Share premium | 99,940 |  | 99,940 |  |

Retained earnings | 2,793,068 |  | 2,040,634 |  |

SHAREHOLDERS' FUNDS | 2,893,083 |  | 2,140,649 |  |

Tri Management Limited (Registered number: 04061381)

Balance Sheet - continued

31 December 2025

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 directors acknowledge their responsibilities for:

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

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

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2026 and were signed on its behalf by:

Mr J C P Flynn - Director

Tri Management Limited (Registered number: 04061381)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Tri Management 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.

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

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.

| Significant judgements and estimates

| In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| The company does not make significant estimates and assumptions concerning the future.

| Turnover

| The turnover shown in the profit and loss account represents the value of all services delivered during the year, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations to the customer.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Tangible fixed assets are included at cost less depreciation and impairment.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

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

Tri Management Limited (Registered number: 04061381)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

| Taxation

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

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

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

| 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

| Pension costs and other post-retirement benefits

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 48 (2024 - 42 ) .

Tri Management Limited (Registered number: 04061381)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025 | 278,838 |  |

| Additions | 880 |  |

| At 31 December 2025 | 279,718 |  |

| DEPRECIATION

| At 1 January 2025 | 133,412 |  |

| Charge for year | 36,718 |  |

| At 31 December 2025 | 170,130 |  |

| NET BOOK VALUE

| At 31 December 2025 | 109,588 |  |

| At 31 December 2024 | 145,426 |  |

| Fixed assets, included in the above, which are held under finance leases are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 229,315 |  |

| DEPRECIATION

| At 1 January 2025 | 84,940 |  |

| Charge for year | 36,094 |  |

| At 31 December 2025 | 121,034 |  |

| NET BOOK VALUE

| At 31 December 2025 | 108,281 |  |

| At 31 December 2024 | 144,375 |  |

Tri Management Limited (Registered number: 04061381)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| At 1 January 2025 | 251,250 |  |

| Impairments | (251,150 | ) |

| At 31 December 2025 | 100 |  |

| NET BOOK VALUE

| At 31 December 2025 | 100 |  |

| At 31 December 2024 | 251,250 |  |

| During the year the company's non-trading subsidiary paid a dividend of £242,133 which distributed all its assets except for £100. Consequently an impairment has been recorded in the carrying value of the subsidiary.

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

| 31.12.25 |  | 31.12.24

| as restated |

£ | £ |

| Trade debtors | 2,452,757 |  | 937,596 |  |

| Other debtors | 1,044,507 |  | 1,006,650 |  |

3,497,264 |  | 1,944,246 |  |

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

| 31.12.25 |  | 31.12.24

| as restated |

£ | £ |

| Finance leases (see note 9) | 53,169 |  | 40,831 |  |

| Trade creditors | 650,566 |  | 243,784 |  |

| Amounts owed to group undertakings | - |  | 148,776 |  |

| Taxation and social security | 505,715 |  | 231,922 |  |

| Other creditors | 886,818 |  | 215,280 |  |

2,096,268 |  | 880,593 |  |

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

| 31.12.25 |  | 31.12.24

| as restated |

£ | £ |

| Finance leases (see note 9) | 98,579 |  | 135,762 |  |

Tri Management Limited (Registered number: 04061381)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

9. | LEASING AGREEMENTS

| Minimum lease payments under finance leases fall due as follows:

| Finance leases |

| 31.12.25 |  | 31.12.24 |

| as restated |

£ | £ |

| Net obligations repayable:

| Within one year | 53,169 |  | 40,831 |  |

| Between one and five years | 98,579 |  | 135,762 |  |

151,748 |  | 176,593 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

| 31.12.25 |  | 31.12.24

| as restated |

£ | £ |

| Mr M Frampton

| Balance outstanding at start of year | 82,953 |  | 60,953 |  |

| Amounts advanced | - |  | 22,000 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 82,953 |  | 82,953 |  |

| Mr J C P Flynn

| Balance outstanding at start of year | 18,395 |  | - |  |

| Amounts advanced | - |  | 18,395 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 18,395 |  | 18,395 |  |

| Mr S A Nicholls

| Balance outstanding at start of year | 18,207 |  | - |  |

| Amounts advanced | - |  | 18,207 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 18,207 |  | 18,207 |  |

Tri Management Limited (Registered number: 04061381)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

11. | RELATED PARTY DISCLOSURES

| As at the balance sheet date the company was owed £751,053 (2024: £751,053) by Tri Management Services Limited, on an unsecured and interest free basis.

12. | ULTIMATE CONTROLLING PARTY

| There is no single ultimate controlling party.