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REGISTERED NUMBER: 02479182 (England and Wales)

| WATER TRANSFER LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

WATER TRANSFER LIMITED (REGISTERED NUMBER: 02479182)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |  | to |  | 4

WATER TRANSFER LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | T J Casey

| M J Casey

| I W A Grant

| R Hall-Jones

| R Hardy

| S M Wrisdale

| S Harrison

| SECRETARY: | Ms S K Parker

| REGISTERED OFFICE: | 26 Sleaford Road

| Tattershall

| Lincolnshire

| LN4 4JG

| REGISTERED NUMBER: | 02479182 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| Enterprise Way

| Pinchbeck

| Spalding

| Lincolnshire

| PE11 3YR

WATER TRANSFER LIMITED (REGISTERED NUMBER: 02479182)

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 13,809 |  | 14,729 |  |

CURRENT ASSETS

Debtors | 5 | 21,922 |  | 18,850 |  |

Cash at bank | 17,084 |  | 9,492 |  |

39,006 |  | 28,342 |  |

CREDITORS

Amounts falling due within one year | 6 | 15,607 |  | 11,380 |  |

NET CURRENT ASSETS | 23,399 |  | 16,962 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 37,208 |  | 31,691 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 2,352 |  | 697 |  |

NET ASSETS | 34,856 |  | 30,994 |  |

RESERVES

Share premium | 1,755 |  | 1,755 |  |

Income and expenditure account | 33,101 |  | 29,239 |  |

34,856 |  | 30,994 |  |

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 surplus or deficit 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 26 February 2026 and were signed on its behalf by:

T J Casey - Director

WATER TRANSFER LIMITED (REGISTERED NUMBER: 02479182)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Water Transfer Limited is a private company, limited by guarantee , 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.

| Turnover

| Turnover represents the amounts derived from the provision of goods and services which fall within the company's ordinary activities stated net of value added tax.

| Tangible fixed assets

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

| Formation costs |  | 10 years |  |

| Pipework |  | 50 years |  |

| Measuring equipment |  | 10 years |  |

| Financial instruments

| The company has chosen to adopt the FRS102 1A in respect of financial instruments.

| Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Taxation

| The company trades as a mutual enterprise and as such is subject to taxation upon surpluses generated from non-member trading and interest on temporary deposits.

3. | EMPLOYEES AND DIRECTORS

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

WATER TRANSFER LIMITED (REGISTERED NUMBER: 02479182)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Formation |  | Pipework |  | Measuring |

| costs |  | etc |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 10,000 |  | 45,985 |  | 5,000 |  | 60,985 |  |

| DEPRECIATION

| At 1 January 2025 | 10,000 |  | 31,256 |  | 5,000 |  | 46,256 |  |

| Charge for year | - |  | 920 |  | - |  | 920 |  |

| At 31 December 2025 | 10,000 |  | 32,176 |  | 5,000 |  | 47,176 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | 13,809 |  | - |  | 13,809 |  |

| At 31 December 2024 | - |  | 14,729 |  | - |  | 14,729 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 21,922 |  | 18,850 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 4,291 |  | 3,914 |  |

| Taxation and social security | 3,618 |  | 2,462 |  |

| Other creditors | 7,698 |  | 5,004 |  |

15,607 |  | 11,380 |  |

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

2025 | 2024 |

£ | £ |

| Other creditors | 2,352 |  | 697 |  |

8. | PROFIT AND LOSS ACCOUNT

|  | Total |  | Members |  | Interest received |  |

|  | £ |  | £ |  | £ |  |

| Prior to 31 December 2020 |  | 11,311 |  | - |  | 11,311 |  |

| 31 December 2021 |  | 3,786 |  | 3,786 |  | - |  |

| 31 December 2022 |  | 3,549 |  | 3,549 |  | - |  |

| 31 December 2023 |  | 4,176 |  | 4,176 |  | - |  |

| 31 December 2024 |  | 6,033 |  | 6,033 |  | - |  |

| 31 December 2025 |  | 8,032 |  | 8,032 |  | - |  |

|  | 36,887 |  | 25,576 |  | 11,311 |  |

| Less retentions to be repaid |  | (3,786) |  | (3,786) |  | - |  |

|  | 33,101 |  | 21,790 |  | 11,311 |  |