IRIS Accounts Production v25.4.0.155 03503010 director 1.1.25 31.12.25 31.12.25 Medium entities true false true true false false true true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03503010 2024-12-31 03503010 2025-12-31 03503010 2025-01-01 2025-12-31 03503010 2023-12-31 03503010 2024-01-01 2024-12-31 03503010 2024-12-31 03503010 ns15:EnglandWales 2025-01-01 2025-12-31 03503010 ns14:PoundSterling 2025-01-01 2025-12-31 03503010 ns10:Director1 2025-01-01 2025-12-31 03503010 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03503010 ns10:MediumEntities 2025-01-01 2025-12-31 03503010 ns10:Audited 2025-01-01 2025-12-31 03503010 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 03503010 ns10:Medium-sizedCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03503010 ns10:FullAccounts 2025-01-01 2025-12-31 03503010 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 03503010 ns10:RegisteredOffice 2025-01-01 2025-12-31 03503010 ns5:CurrentFinancialInstruments 2025-12-31 03503010 ns5:CurrentFinancialInstruments 2024-12-31 03503010 ns5:Non-currentFinancialInstruments 2025-12-31 03503010 ns5:Non-currentFinancialInstruments 2024-12-31 03503010 ns5:ShareCapital 2025-12-31 03503010 ns5:ShareCapital 2024-12-31 03503010 ns5:RevaluationReserve 2025-12-31 03503010 ns5:RevaluationReserve 2024-12-31 03503010 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 03503010 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 03503010 ns5:ShareCapital 2023-12-31 03503010 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 03503010 ns5:RevaluationReserve 2023-12-31 03503010 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 03503010 ns5:RevaluationReserve 2024-01-01 2024-12-31 03503010 ns5:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 03503010 ns5:RevaluationReserve 2025-01-01 2025-12-31 03503010 1 2025-01-01 2025-12-31 03503010 1 2024-01-01 2024-12-31 03503010 ns15:UnitedKingdom 2025-01-01 2025-12-31 03503010 ns15:UnitedKingdom 2024-01-01 2024-12-31 03503010 ns15:Europe 2025-01-01 2025-12-31 03503010 ns15:Europe 2024-01-01 2024-12-31 03503010 ns15:UnitedStates 2025-01-01 2025-12-31 03503010 ns15:UnitedStates 2024-01-01 2024-12-31 03503010 ns15:Asia 2025-01-01 2025-12-31 03503010 ns15:Asia 2024-01-01 2024-12-31 03503010 ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount 2025-01-01 2025-12-31 03503010 ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount 2024-01-01 2024-12-31 03503010 ns5:OwnedAssets 2025-01-01 2025-12-31 03503010 ns5:OwnedAssets 2024-01-01 2024-12-31 03503010 11 2025-01-01 2025-12-31 03503010 11 2024-01-01 2024-12-31 03503010 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-12-31 03503010 ns5:LeaseholdImprovements 2024-12-31 03503010 ns5:PlantMachinery 2024-12-31 03503010 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 03503010 ns5:LeaseholdImprovements 2025-01-01 2025-12-31 03503010 ns5:PlantMachinery 2025-01-01 2025-12-31 03503010 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-12-31 03503010 ns5:LeaseholdImprovements 2025-12-31 03503010 ns5:PlantMachinery 2025-12-31 03503010 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-12-31 03503010 ns5:LeaseholdImprovements 2024-12-31 03503010 ns5:PlantMachinery 2024-12-31 03503010 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 03503010 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 03503010 ns5:WithinOneYear 2025-12-31 03503010 ns5:WithinOneYear 2024-12-31 03503010 ns5:BetweenOneFiveYears 2025-12-31 03503010 ns5:BetweenOneFiveYears 2024-12-31 03503010 ns5:AllPeriods 2025-12-31 03503010 ns5:AllPeriods 2024-12-31 03503010 ns5:OtherProvisionsContingentLiabilities 2024-12-31 03503010 ns5:OtherProvisionsContingentLiabilities 2025-01-01 2025-12-31 03503010 ns5:OtherProvisionsContingentLiabilities 2025-12-31 03503010 ns10:OrdinaryShareClass1 2025-12-31

REGISTERED NUMBER: 03503010 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

LNS TURBO UK LTD

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Director | 4 |

Report of the Independent Auditor | 6 |

Income Statement | 10 |

Balance Sheet | 11 |

Statement of Changes in Equity | 13 |

Cash Flow Statement | 14 |

Notes to the Cash Flow Statement | 15 |

Notes to the Financial Statements | 17 |

LNS TURBO UK LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTOR: | Mr G H Lile

| REGISTERED OFFICE: | Waterside Park

| Valley Way

| Wombwell

| Barnsley

| South Yorkshire

| S73 0BB

| REGISTERED NUMBER: | 03503010 (England and Wales)

| AUDITOR: | Xeinadin Audit Limited

| 8th Floor, Beckett House

| 36 Old Jewry

| London

| EC2R 8DD

| BANKERS: | National Westminster Bank PLC

| Corporate Business Centre

| 78 Carver Street

| Sheffield

| S1 4UY

| SOLICITORS: | Browne Jacobson LLP

| Victoria Square House

| Victoria Square

| Birmingham

| B2 4BU

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

REVIEW OF BUSINESS

The profit and loss account for the year is set out on page 9. The director considers the result for the year, the year-end financial position and the future prospects to be in line with economic conditions. The business can be affected by both UK and European economic conditions. Despite a further decline in European markets the business was able to generate sustainable results thanks to continued demand for its innovative products, sales support and after sales service. The current economic conditions have been reflected in the budget and contingency plans for a further year.

PRINCIPAL RISKS AND UNCERTAINTIES

The director of the parent company, LNS Holding SA, manages the group's risk at a group level, rather than at an individual business unit level. The group utilises proactive monitoring and strategic planning to mitigate these risks effectively, utilising central financing facilities, natural and forward hedges and robust credit control processes. Additionally, the group also employs multiple international supply routes to reduce geopolitical risks.

FINANCIAL RISK MANAGEMENT

The company's operations expose it to a variety of financial risks that include the effects of interest rate risk, exchange rate risk and credit risk. The company has in place a risk management programme that seeks to limit the adverse effects of these on the financial performance of the company; however, the majority of these are managed at a group level, rather than at an individual business unit level.

Given the size of the company, the director has not delegated the responsibility of monitoring financial risk to a sub-committee of the board. The company's finance department implements the policies set by the board.

RESULTS AND FINANCIAL

There was a profit for the year after taxation amounting to £363,480 (2024: £208,660).

KEY PERFORMANCE INDICATORS

Given the straightforward nature of the business, the company's director is of the opinion that a discussion of the principal risks and uncertainties affecting the company and an analysis using key performance indicators (KPl's) is not necessary for an understanding of the development, performance and position of the business. However, complimenting the financial targets the group does monitor scope 1-3 emissions, health and safety metrics, personnel metrics, networking capital, cost reduction projects and quality along with other KPI's. The group sets local targets based on group strategic goals.

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

GOING CONCERN

The financial statements have been prepared on the going concern basis on the grounds that the company's parent undertaking has given its confirmation of financial support for the foreseeable future.

ON BEHALF OF THE BOARD:

Mr G H Lile - Director

1 April 2026

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31 DECEMBER 2025

The director presents his report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITIES

The company's principal activities during the year was the manufacture and sale of conveyors and the sale and distribution of bar feeders and air filtration systems.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

DIRECTOR

Mr G H Lile held office during the whole of the period from 1 January 2025 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company 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 director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditor is unaware, and he 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 company's auditor is aware of that information.

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31 DECEMBER 2025

AUDITOR

The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr G H Lile - Director

1 April 2026

REPORT OF THE INDEPENDENT AUDITOR TO THE SHAREHOLDER OF

LNS TURBO UK LTD

Opinion

We have audited the financial statements of LNS Turbo UK Ltd (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 31 December 2025 and of its 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 Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company 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 director's 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 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditor 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.

REPORT OF THE INDEPENDENT AUDITOR TO THE SHAREHOLDER OF

LNS TURBO UK LTD

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 Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

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, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of director's remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is 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 director determines 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 director is responsible for assessing the 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITOR TO THE SHAREHOLDER OF

LNS TURBO UK LTD

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 Auditor 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. 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:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We design audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to the Companies Act 2006. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

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. The 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 Auditor.

REPORT OF THE INDEPENDENT AUDITOR TO THE SHAREHOLDER OF

LNS TURBO UK LTD

Use of our report

This report is made solely to the company's shareholder 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 shareholder those matters we are required to state to them in a Report of the Auditor 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 shareholder for our audit work, for this report, or for the opinions we have formed.

Scott Mell FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

8th Floor, Beckett House

36 Old Jewry

London

EC2R 8DD

1 April 2026

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

INCOME STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

TURNOVER | 3 | 7,923,606 |  | 9,959,079 |  |

Cost of sales | 4,352,760 |  | 5,463,467 |  |

GROSS PROFIT | 3,570,846 |  | 4,495,612 |  |

Distribution costs | 350,620 |  | 406,605 |  |

Administrative expenses | 2,993,880 |  | 4,023,818 |  |

|  | 3,344,500 |  |  |  | 4,430,423 |  |

226,346 |  | 65,189 |  |

Other operating income | 137,134 |  | 143,471 |  |

OPERATING PROFIT and |

PROFIT BEFORE TAXATION | 363,480 |  | 208,660 |  |

Tax on profit | 7 | - |  | - |  |

PROFIT FOR THE FINANCIAL YEAR | 363,480 |  | 208,660 |  |

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

BALANCE SHEET

31 DECEMBER 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 8 | 1,544,894 |  | 1,635,126 |  |

CURRENT ASSETS

Stocks | 9 | 1,422,221 |  | 1,674,735 |  |

Debtors | 10 | 1,343,971 |  | 1,623,381 |  |

Cash at bank | 671,561 |  | 580,258 |  |

3,437,753 |  | 3,878,374 |  |

CREDITORS

Amounts falling due within one year | 11 | 1,373,164 |  | 1,461,879 |  |

NET CURRENT ASSETS | 2,064,589 |  | 2,416,495 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,609,483 |  | 4,051,621 |  |

CREDITORS

Amounts falling due after more than one year | 12 | (3,353,046 | ) | (4,130,027 | ) |

PROVISIONS FOR LIABILITIES | 14 | (137,344 | ) | (165,981 | ) |

NET ASSETS/(LIABILITIES) | 119,093 |  | (244,387 | ) |

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

BALANCE SHEET - continued

31 DECEMBER 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 15 | 500,000 |  | 500,000 |  |

Revaluation reserve | 46,395 |  | 46,395 |  |

Retained earnings | (427,302 | ) | (790,782 | ) |

SHAREHOLDERS' FUNDS | 119,093 |  | (244,387 | ) |

The financial statements were approved by the director and authorised for issue on 1 April 2026 and were signed by:

Mr G H Lile - Director

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

| Called up |

| share |  | Retained |  | Revaluation |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 January 2024 | 500,000 |  | (999,442 | ) | 46,395 |  | (453,047 | ) |

Total comprehensive income | - |  | 208,660 |  | - |  | 208,660 |  |

Balance at 31 December 2024 | 500,000 |  | (790,782 | ) | 46,395 |  | (244,387 | ) |

Total comprehensive income | - |  | 363,480 |  | - |  | 363,480 |  |

Balance at 31 December 2025 | 500,000 |  | (427,302 | ) | 46,395 |  | 119,093 |  |

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

| 31.12.25 |  | 31.12.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 961,930 |  | (83,861 | ) |

Net cash from operating activities | 961,930 |  | (83,861 | ) |

Cash flows from investing activities

Purchase of tangible fixed assets | (93,646 | ) | (20,835 | ) |

Net cash from investing activities | (93,646 | ) | (20,835 | ) |

Cash flows from financing activities

Repayment of intercompany loan | (776,981 | ) | (470,799 | ) |

Net cash from financing activities | (776,981 | ) | (470,799 | ) |

Increase/(decrease) in cash and cash equivalents | 91,303 |  | (575,495 | ) |

Cash and cash equivalents at beginning of year | 2 | 580,258 |  | 1,155,753 |  |

Cash and cash equivalents at end of year | 2 | 671,561 |  | 580,258 |  |

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Profit before taxation | 363,480 |  | 208,660 |  |

| Depreciation charges | 183,878 |  | 206,473 |  |

| Warranty provision charge | (28,637 | ) | 14,326 |  |

518,721 |  | 429,459 |  |

| Decrease/(increase) in stocks | 252,514 |  | (89,074 | ) |

| Decrease/(increase) in trade and other debtors | 279,410 |  | (472,610 | ) |

| (Decrease)/increase in trade and other creditors | (88,715 | ) | 48,364 |  |

| Cash generated from operations | 961,930 |  | (83,861 | ) |

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 31 December 2025

| 31.12.25 |  | 1.1.25

£ | £ |

| Cash and cash equivalents | 671,561 |  | 580,258 |  |

| Year ended 31 December 2024

| 31.12.24 |  | 1.1.24

£ | £ |

| Cash and cash equivalents | 580,258 |  | 1,155,753 |  |

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.1.25 | Cash flow | At 31.12.25

£ | £ | £ |

| Net cash |

| Cash at bank | 580,258 |  | 91,303 |  | 671,561 |  |

580,258 |  | 91,303 |  | 671,561 |  |

| Total | 580,258 |  | 91,303 |  | 671,561 |  |

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| LNS Turbo UK Ltd 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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 as modified by the revaluation of certain assets.

| The financial statements have been prepared on the going concern basis on the grounds that the company's parent undertaking has given its confirmation of financial support for the foreseeable future.

| The financial statements do not include any adjustments that might arise if the going concern basis is not appropriate.

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

| - The requirement of Section 33 Related Party Disclosure paragraph 33.7

| Financial instruments

| Under FRS 102, loans which represent financing arrangements are recognised at present value, using a market rate for similar debt instruments.

| The director considers that the interest free loan disclosed in note 12 to the financial statements should be included in the financial statements at historic cost. This is considered the most appropriate basis as it is not possible to estimate a fair value for these amounts as there are no terms of repayment specified and it is not possible to estimate an appropriate notional rate of interest.

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Significant judgements and estimates

| The following judgements and estimates have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements:

| Carrying value of leasehold and and building

| The director considers that the current carrying value of the leasehold land and building in the financial statements is a reasonable representation of its actual market value. No independent valuation was obtained at the year end.

| There are no other key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, net of commissions, rebates and value added tax.

| Turnover from the sale of conveyors, bar feeders and air filtration systems is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

| Tangible fixed assets

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

| Leasehold improvements |  | - 4% on cost |  |

| Plant and machinery |  | - 12.5% to 33% on cost |  |

| The leasehold property is carried at open market value and not depreciated.

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the average costing formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

| Work in progress is valued on the basis of direct cost plus attributable overheads based on normal level of activity.

| Finished goods are valued at the lower of cost and estimated selling price less costs to complete and sell, cost being valued at direct cost plus attributable overheads based on normal level of activity.

| 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.

| Foreign currencies

| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Foreign currency transactions are initially recognised by applying the spot exchange rate between sterling and the foreign currency at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

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

| Amounts receivable and payable within one year

| Debtors and creditors with no stated interest rate and are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. | TURNOVER

| The turnover and profit before taxation are attributable to the principal activities of the company.

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

| 31.12.25 |  | 31.12.24

£ | £ |

| United Kingdom | 4,614,165 |  | 5,773,338 |  |

| Europe | 3,225,262 |  | 4,135,502 |  |

| United States of America | 22,870 |  | 393 |  |

| Asia | 46,674 |  | 24,025 |  |

| Rest of the world | 14,635 |  | 25,821 |  |

7,923,606 |  | 9,959,079 |  |

4. | EMPLOYEES AND DIRECTORS

| 31.12.25 |  | 31.12.24

£ | £ |

| Wages and salaries | 2,306,304 |  | 2,261,742 |  |

| Social security costs | 254,553 |  | 647,716 |  |

| Other pension costs | 59,395 |  | 83,601 |  |

2,620,252 |  | 2,993,059 |  |

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

| 31.12.25 |  | 31.12.24

| Production | 27 |  | 34 |  |

| Administration | 36 |  | 39 |  |

63 |  | 73 |  |

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | EMPLOYEES AND DIRECTORS - continued

| 31.12.25 |  | 31.12.24

£ | £ |

| Director's remuneration | - |  | - |  |

5. | OPERATING PROFIT

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Other operating leases | 134,240 |  | 141,125 |  |

| Depreciation - owned assets | 183,878 |  | 206,473 |  |

| Foreign exchange differences | (322,923 | ) | 109,828 |  |

| Defined contribution pension plans | 59,395 |  | 83,601 |  |

6. | AUDITORS' REMUNERATION

| 31.12.25 |  | 31.12.24

£ | £ |

| Fees payable to the company's auditor for the audit of the company's financial statements | 11,500 |  | 11,000 |  |

7. | TAXATION

| Analysis of the tax charge

| No liability to UK corporation tax arose for the year ended 31 December 2025 nor for the year ended 31 December 2024.

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

8. | TANGIBLE FIXED ASSETS

| Leasehold |

| Long |  | property |

| leasehold |  | and |  | Plant and |

| land |  | improvements |  | machinery |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 January 2025 | 350,000 |  | 847,291 |  | 2,431,258 |  | 3,628,549 |  |

| Additions | - |  | - |  | 93,646 |  | 93,646 |  |

| Disposals | - |  | - |  | (71,299 | ) | (71,299 | ) |

| At 31 December 2025 | 350,000 |  | 847,291 |  | 2,453,605 |  | 3,650,896 |  |

| DEPRECIATION

| At 1 January 2025 | - |  | 405,889 |  | 1,587,534 |  | 1,993,423 |  |

| Charge for year | - |  | 33,892 |  | 149,986 |  | 183,878 |  |

| Eliminated on disposal | - |  | - |  | (71,299 | ) | (71,299 | ) |

| At 31 December 2025 | - |  | 439,781 |  | 1,666,221 |  | 2,106,002 |  |

| NET BOOK VALUE

| At 31 December 2025 | 350,000 |  | 407,510 |  | 787,384 |  | 1,544,894 |  |

| At 31 December 2024 | 350,000 |  | 441,402 |  | 843,724 |  | 1,635,126 |  |

| The company's leasehold property was independently revalued on 31 December 2012 on the basis of existing value in use. The director is not aware of any material change in value up to the current reporting date.

| Cost or valuation at 31 December 2025 is represented by:

| Leasehold |

| Long |  | property |

| leasehold |  | and |  | Plant and |

| land |  | improvements |  | machinery |  | Totals

£ | £ | £ | £ |

| Valuation in 2011 | (39,500 | ) | (825,000 | ) | - |  | (864,500 | ) |

| Valuation in 2012 | - |  | (250,000 | ) | - |  | (250,000 | ) |

| Cost | 389,500 |  | 1,922,291 |  | 2,453,605 |  | 4,765,396 |  |

350,000 |  | 847,291 |  | 2,453,605 |  | 3,650,896 |  |

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

8. | TANGIBLE FIXED ASSETS - continued

| If leasehold land and property had not been revalued they would have been included at the following historical cost:

| 31.12.25 |  | 31.12.24

£ | £ |

| Cost | 1,851,738 |  | 1,851,738 |  |

| Aggregate depreciation | 1,574,008 |  | 1,462,232 |  |

| The cost of land included within leasehold land and property is £350,000 (2024: £350,000).

9. | STOCKS

| 31.12.25 |  | 31.12.24

£ | £ |

| Raw materials | 836,862 |  | 960,405 |  |

| Goods in transit | 235,576 |  | 244,115 |  |

| Work-in-progress | 32,692 |  | 47,164 |  |

| Finished goods | 317,091 |  | 423,051 |  |

1,422,221 |  | 1,674,735 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 941,479 |  | 1,228,050 |  |

| Amounts owed by group undertakings | 279,737 |  | 260,031 |  |

| Prepayments and accrued income | 122,755 |  | 135,300 |  |

1,343,971 |  | 1,623,381 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 487,347 |  | 350,509 |  |

| Amounts owed to group undertakings | 416,913 |  | 616,915 |  |

| Social security and other taxes | 70,849 |  | 90,921 |  |

| VAT | 131,295 |  | 185,761 |  |

| Accruals and deferred income | 266,760 |  | 217,773 |  |

1,373,164 |  | 1,461,879 |  |

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Amounts owed to group undertakings | 3,353,046 |  | 4,130,027 |  |

13. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.12.25 |  | 31.12.24

£ | £ |

| Within one year | 119,538 |  | 104,200 |  |

| Between one and five years | 23,461 |  | 86,700 |  |

142,999 |  | 190,900 |  |

14. | PROVISIONS FOR LIABILITIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Other provisions

| Warranty provision | 137,344 |  | 165,981 |  |

| Warranty |

£ |

| Balance at 1 January 2025 | 165,981 |  |

| Credit to Income Statement during year | (28,637 | ) |

| Balance at 31 December 2025 | 137,344 |  |

15. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 500,000 | Ordinary | £1 | 500,000 |  | 500,000 |  |

LNS TURBO UK LTD (REGISTERED NUMBER: 03503010)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

16. | ULTIMATE CONTROLLING PARTY

| The parent undertaking of the smallest group within which LNS Turbo UK belongs is headed by LNS Turbo, Inc.

| The director considers that the ultimate parent undertaking of the company is Storskogen Group AB, incorporated in Sweden. Copies of the financial statements of Storskogen Group AB, of which LNS Turbo UK and LNS Turbo, Inc. are consolidated, are available from the company secretary at the registered office of Hovslagargatan 3, 6fl, 111 48, Stockholm.

| The controlling entity has, for at least the next 13 months from the date of approval of these financial statements, confirmed their intention to provide or procure for the company such bank and other financial facilities as may be necessary to enable the company to continue to trade and meet its responsibilities towards its creditors. They will not seek full repayment of the amount due unless otherwise affordable.