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REGISTERED NUMBER: 02557106 (England and Wales)

DIRECTORS' REPORT AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MAZIAK COMPRESSOR SERVICES LIMITED

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2025

Page |

| Company Information | 1 |

| Directors' Report | 2 |

| Report of the Independent Auditors | 3 |

| Statement of Comprehensive Income | 5 |

| Statement of Financial Position | 6 |

| Statement of Changes in Equity | 7 |

| Notes to the Financial Statements | 8 |

| MAZIAK COMPRESSOR SERVICES LIMITED |

COMPANY INFORMATION

for the year ended 31 December 2025

| DIRECTORS: | A Bongaerts

| A Rubinstein

| REGISTERED OFFICE: | C/O Atlas Copco Technology House

| Maylands Avenue

| Hemel Hempstead

| HP2 7DF

| REGISTERED NUMBER: | 02557106 (England and Wales)

| AUDITORS: | Magma Audit LLP (part of the Dains Group)

| Chartered Accountants

| Statutory Auditor

| Unit 2, Charnwood Edge Business Park

| Syston Road

| Leicestershire

| LE7 4UZ

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

DIRECTORS' REPORT

for the year ended 31 December 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of compressed air and cooling solutions and nitrogen generation.

DIRECTORS

A Bongaerts has held office during the whole of the period from 1 January 2025 to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Directors' Report 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), including Financial Reporting Standard 101 'Reduced Disclosure Framework'. 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 of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- |  | select suitable accounting policies in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors and then apply them consistently; |

- |  | make judgements and accounting estimates that are reasonable and prudent; |

- |  | present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information; |

- |  | provide additional disclosures when compliance with the specific requirements in FRS 101 in insufficient to enable users to understand the impact of particular transactions, other events and conditions on the company's financial position and financial performance; |

- |  | state whether applicable UK Accounting Standards, including FRS 101, have been followed, subject to any material departures disclosed and explained in the financial statements; and |

- |  | assess the company’s ability to continue as a going concern and prepare the financial statements on the going concern basis unless the directors conclude that this basis is not appropriate, in which case the financial statements are prepared on an alternative basis of preparation which is disclosed in the financial statements. |

The directors are 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 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

Each director in office at the date of approval of this annual report confirms that:

So far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and the director has taken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

This confirmation is given and should be interpreted in accordance with the provisions of section 418 of the Companies Act 2006.

AUDITORS

The auditors, Magma Audit LLP (part of the Dains Group), will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A Bongaerts - Director

27 March 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MAZIAK COMPRESSOR SERVICES LIMITED

Opinion

We have audited the financial statements of Maziak Compressor Services Limited (the 'company') for the year ended 31 December 2025 which comprise the Profit and Loss Account, Statement of Financial Position, Statement of Changes in Equity and 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 101 'Reduced Disclosure Framework' (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 Auditors' 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.

Other matter

In auditing the financial statements, we have concluded that the directors’ use of a basis of preparation other than going concern is appropriate in the circumstances, as explained in Note 2 to the financial statements.

We draw attention to Note 2 to the financial statements which explains that, following a planned group reorganisation, the directors intend to transfer the company's trade, operations, assets and liabilities to another group entity. As a result, the company is expected to cease trading following completion of the transfer.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Directors' Report has 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 Directors' Report.

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 directors' remuneration specified by law are not made; or

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

- | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Directors' Report.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MAZIAK COMPRESSOR SERVICES LIMITED

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, 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 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 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:

Based on our understanding of the company and the industry, we have identified the principal risks of non-compliance with laws and regulations, and we have considered the extend to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as Companies Act 2006, health and safety and employment law. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries, and management bias in accounting estimates.

Audit procedures performed included:

- |  | Enquiries with management for consideration of known or suspected instances of non-compliance with laws and regulations and fraud; |

- |  | Challenging assumptions made by management in their significant accounting estimates, in particular in relation to work in progress and useful economic lives of tangible assets; and |

- |  | Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations. |

There are inherent limitations in the audit procedures described above. The more removed non-compliance with laws and regulations is, from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, 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 forgery or intentional misrepresentation, for example, or through collusion.

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.

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.

Paul Orton FCA FCCA (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP (part of the Dains Group)

Chartered Accountants

Statutory Auditor

Unit 2, Charnwood Edge Business Park

Syston Road

Leicestershire

LE7 4UZ

31 March 2026

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

STATEMENT OF COMPREHENSIVE

INCOME

for the year ended 31 December 2025

| 2025 |  | 2024

| as restated |

| Notes | £ | £ |

TURNOVER | 4 | 6,328,085 |  | 6,571,133 |  |

Cost of sales | (4,085,827 | ) | (4,080,891 | ) |

GROSS PROFIT | 2,242,258 |  | 2,490,242 |  |

Administrative expenses | (1,915,896 | ) | (2,140,861 | ) |

OPERATING PROFIT | 326,362 |  | 349,381 |  |

Interest receivable and similar income | 27,504 |  | 81,538 |  |

353,866 |  | 430,919 |  |

Interest payable and similar expenses | 6 | (26,626 | ) | (30,284 | ) |

PROFIT BEFORE TAXATION | 7 | 327,240 |  | 400,635 |  |

Tax on profit | 8 | (55,103 | ) | (100,391 | ) |

PROFIT FOR THE FINANCIAL YEAR | 272,137 |  | 300,244 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 272,137 |  | 300,244 |  |

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

STATEMENT OF FINANCIAL POSITION

31 December 2025

| 2025 |  | 2024

| as restated |

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 11 | - |  | - |  |

Tangible assets | 12 | 669,737 |  | 819,841 |  |

669,737 |  | 819,841 |  |

CURRENT ASSETS

Stocks | 13 | 211,052 |  | 244,594 |  |

Debtors | 14 | 2,629,809 |  | 1,994,993 |  |

Cash at bank and in hand | 95,974 |  | 286,479 |  |

2,936,835 |  | 2,526,066 |  |

CREDITORS

Amounts falling due within one year | 15 | (1,027,295 | ) | (966,571 | ) |

NET CURRENT ASSETS | 1,909,540 |  | 1,559,495 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,579,277 |  | 2,379,336 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (413,863 | ) | (473,459 | ) |

PROVISIONS FOR LIABILITIES | 19 | - |  | (12,600 | ) |

NET ASSETS | 2,165,414 |  | 1,893,277 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 2,000 |  | 2,000 |  |

Share premium | 1,268 |  | 1,268 |  |

Retained earnings | 21 | 2,162,146 |  | 1,890,009 |  |

SHAREHOLDERS' FUNDS | 2,165,414 |  | 1,893,277 |  |

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2026 and were signed on its behalf by:

A Bongaerts - Director

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

STATEMENT OF CHANGES IN EQUITY

for the year ended 31 December 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 January 2024 | 2,000 |  | 2,889,765 |  | 1,268 |  | 2,893,033 |  |

Changes in equity

Dividends | - |  | (1,300,000 | ) | - |  | (1,300,000 | ) |

Total comprehensive income | - |  | 300,244 |  | - |  | 300,244 |  |

Balance at 31 December 2024 | 2,000 |  | 1,890,009 |  | 1,268 |  | 1,893,277 |  |

Changes in equity

Total comprehensive income | - |  | 272,137 |  | - |  | 272,137 |  |

Balance at 31 December 2025 | 2,000 |  | 2,162,146 |  | 1,268 |  | 2,165,414 |  |

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2025

1. | STATUTORY INFORMATION

| Maziak Compressor Services Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is C/O Atlas Copco Technology House, Maylands Avenue, Hemel Hempstead, HP2 7DF and the registered number is 02557106.

2. | ACCOUNTING POLICIES

| Basis of preparation

| These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| The financial statements have been prepared on a basis other than going concern, with assets measured at fair value and liabilities measured at their expected settlement amounts. The directors have approved a planned group reorganisation under which the company’s trade, operations, assets and liabilities are expected to be transferred to another group entity during 2026. Following completion of this transfer, the company is expected to cease trading and will be formally struck off.

| The directors intend that all of the company’s taxes, creditors and contractual obligations will either be settled prior to the transfer or will be assumed and satisfied by the receiving group entity as part of the reorganisation.

| FRS 101 reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

| • | the requirements of IFRS 7 Financial Instruments: Disclosures;

| • | the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases;

| • | the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative information in respect of:

| - | paragraphs 53(a), (h) and (j) of IFRS 16;

| - | paragraph 79(a)(iv) of IAS 1;

| - | paragraph 73(e) of IAS 16 Property, Plant and Equipment; and

| - | paragraph 118(e) of IAS 38 Intangible Assets;

| • | the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to 136 of IAS 1;

| • | the requirements of

| - | paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

| - | paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

| • | the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;

| • | the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;

| • | the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group;

| • | the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

| Turnover

| Turnover is recognised in accordance with IFRS 15's principle-based five-step model as follows:

| - contract with a customer is identified;

| - contract performance obligations are identified;

| - transaction price is determined;

| - transaction price is allocated to each performance obligation; and

| - upon satisfaction of each performance obligation the turnover is recognised.

| Turnover is measured as the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Revenue from contracts is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

| Revenue from non-installation contracts is recognised on customer acceptance of completion of the project. Revenue from maintenance contracts is recognised equally across the length of the agreement.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business, has been amortised evenly over its estimated useful life, which was considered to be 3 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.

| Tangible fixed assets

| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

| Depreciation is provided on the following basis:

| Right-of-use land and buildings |  | - Over the term of the lease |  |

| Right-of-use motor vehicles |  | - Over the term of the lease |  |

| Plant and machinery |  | - Straight line over 4 and 7 years |  |

| Fixtures and fittings |  | - Straight line over 3, 5 and 7 years |  |

| Motor vehicles |  | - Straight line over 5 years |  |

| Hire fleet |  | - Straight line over 3 and 4 years |  |

| The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

| Financial instruments

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which included debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

| Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts 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.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on an average cost basis, comprising of direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit and loss.

| Taxation

| Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the statement of financial position date.

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

| Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

| Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

| Employee benefit costs

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

| Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

| The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

| Leases

| At the inception of a contract, the company assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration (IFRS 16).

| As a lessee

| At commencement or on modification of a contract that contains a lease component, along with one or more other lease or non-lease components, the company financial statements accounts for each lease component separately from the non-lease components. The company allocates the consideration in the contract to each lease component on the basis of its relative stand-alone price and the aggregate stand-alone price of the non-lease components.

| The company recognises a right of use asset and a lease liability at the lease commencement date. The right of use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.

| The right of use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term, unless the lease transfers ownership of the underlying asset to the company by the end of the lease term or the cost of the right-of-use asset reflects that the company will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.

| The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the company's incremental borrowing rate.

| Lease payments included in the measurement of the lease liability comprise the following:

| - |  | fixed payments, including in-substance fixed payments; |  |

| - |  | variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date; |  |

| - |  | amounts expected to be payable under a residual value guarantee; |  |

| - |  | the exercise price under a purchase option that the company is reasonably certain to exercise; |  |

| - |  | lease payments in an optional renewal period if the company is reasonably certain to exercise an extension option; and |  |

| - |  | penalties for early termination of a lease unless the company is reasonably certain not to terminate early. |  |

| The lease liability is measured at amortised cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, there is a change in the company's estimate of the amount expected to be payable under a residual value guarantee, if the company changes its assessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance fixed lease payment.

| When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right of use asset, to the extent that the right of use asset is reduced to nil, with any further adjustment required from the remeasurement being recorded in profit or loss.

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| The company presents the right of use assets that do not meet the definition of investment property in 'property, plant and equipment' and lease liabilities in 'loans and borrowings' in the statement of financial position.

| The company has elected not to recognise right of use assets and lease liabilities for lease of low-value assets and short-term leases. The company recognises the lease payments associated with these leases as an expense on a straight-line basis over the lease term.

3. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| Key sources of estimation uncertainty

| The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

| Stock provisioning

| The company has products which are subject to changing consumer demands. As a result it is necessary to consider the recoverability of the cost of the stock and the associated provisioning required. When calculating the stock provision, management considers the nature, age and condition of the stock, as well as applying assumptions around the saleability/useability of the stock.

| Work in progress

| The company uses the percentage of completion method to account for its revenue on work in progress stock.

| Significant assumptions are required to estimate the total costs and the recoverable variation works that will affect the stage of completion and the revenue respectively. In making these estimates, management has relied on past experiences.

| Useful economic lives of tangible assets

| The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 10 for the carrying amount of the property, plant and equipment, and note 2 for the useful economic lives for each class of assets.

4. | TURNOVER

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

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

| 2025 |  | 2024

| as restated |

£ | £ |

| United Kingdom | 6,328,085 |  | 6,571,133 |  |

6,328,085 |  | 6,571,133 |  |

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

5. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

| as restated |

£ | £ |

| Wages and salaries | 1,589,047 |  | 1,708,984 |  |

| Social security costs | 187,838 |  | 172,826 |  |

| Other pension costs | 21,941 |  | 27,502 |  |

1,798,826 |  | 1,909,312 |  |

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

| 2025 |  | 2024

| as restated |

| Sales | 8 |  | 10 |  |

| Administration | 6 |  | 7 |  |

| Stores | 3 |  | 3 |  |

| Service | 5 |  | 4 |  |

| Engineers | 14 |  | 15 |  |

36 |  | 39 |  |

| 2025 |  | 2024

| as restated |

£ | £ |

| Directors' remuneration | - |  | - |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

| as restated |

£ | £ |

| Interest payable on right of use assets | 26,626 |  | 30,284 |  |

7. | PROFIT BEFORE TAXATION

| The profit before taxation is stated after charging:

|  | Year |  |  | Year |

|  | Ended |  |  | Ended |

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

|  | £ |  |  | £ |

| Cost of stock recognised as expense |  |  | 3,240,780 |  | 3,226,131 |

| Depreciation |  |  | 264,218 |  | 236,000 |

| (Profit)/loss on disposal of fixed assets |  |  | 623 |  | 7,357 |

| Auditors' remuneration |  |  | 17,325 |  | 16,750 |

| Non-audit services |  |  | 5,103 |  | 5,892 |

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

8. | TAXATION

| Analysis of tax expense

| 2025 |  | 2024

| as restated |

£ | £ |

| Current tax:

| Tax | 96,507 |  | 112,791 |  |

| Adjustment to prior years | 778 |  | - |  |

| Total current tax | 97,285 |  | 112,791 |  |

| Deferred tax | (42,182 | ) | (12,400 | ) |

| Total tax expense in statement of comprehensive income | 55,103 |  | 100,391 |  |

9. | DIVIDENDS

| 2025 |  | 2024

| as restated |

£ | £ |

| Ordinary A shares of £1 each

| Interim | - |  | 1,300,000 |  |

10. | PRIOR YEAR ADJUSTMENT

| During the year, the directors identified that a dividend declared during the prior year had not been recognised in the financial statements for the year ended 31 December 2024. As a result, dividends payable were understated and retained earnings were overstated in those financial statements.

| A corresponding entry of £1,300,000 to increase dividends payable and decrease retained earnings as at 31 December 2024 has been made to reflect this.

| In accordance with the applicable financial reporting framework under FRS 101, this has been treated as a prior year adjustment, and the comparative figures have been restated accordingly.

11. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 135,000 |  |

| AMORTISATION

| At 1 January 2025

| and 31 December 2025 | 135,000 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | - |  |

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

12. | TANGIBLE FIXED ASSETS

| Right-of-use |  | Right-of-use |

| land and |  | motor |  | Plant and

| buildings |  | vehicles |  | machinery

£ | £ | £ |

| COST

| At 1 January 2025 | 440,521 |  | 589,202 |  | 31,755 |  |

| Additions | - |  | 101,231 |  | 981 |  |

| Disposals | - |  | (83,708 | ) | (3,500 | ) |

| At 31 December 2025 | 440,521 |  | 606,725 |  | 29,236 |  |

| DEPRECIATION

| At 1 January 2025 | 83,998 |  | 325,559 |  | 27,726 |  |

| Charge for year | 49,279 |  | 126,515 |  | 1,156 |  |

| Eliminated on disposal | - |  | (83,708 | ) | (3,500 | ) |

| At 31 December 2025 | 133,277 |  | 368,366 |  | 25,382 |  |

| NET BOOK VALUE

| At 31 December 2025 | 307,244 |  | 238,359 |  | 3,854 |  |

| At 31 December 2024 | 356,523 |  | 263,643 |  | 4,029 |  |

| Fixtures |

| and |  | Motor |  | Hire |

| fittings |  | vehicles |  | fleet |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 143,212 |  | 14,250 |  | 335,159 |  | 1,554,099 |  |

| Additions | 12,424 |  | - |  | 4,313 |  | 118,949 |  |

| Disposals | (6,835 | ) | - |  | (66,530 | ) | (160,573 | ) |

| At 31 December 2025 | 148,801 |  | 14,250 |  | 272,942 |  | 1,512,475 |  |

| DEPRECIATION

| At 1 January 2025 | 72,103 |  | 4,734 |  | 220,138 |  | 734,258 |  |

| Charge for year | 34,682 |  | 3,816 |  | 48,770 |  | 264,218 |  |

| Eliminated on disposal | (6,211 | ) | - |  | (62,319 | ) | (155,738 | ) |

| At 31 December 2025 | 100,574 |  | 8,550 |  | 206,589 |  | 842,738 |  |

| NET BOOK VALUE

| At 31 December 2025 | 48,227 |  | 5,700 |  | 66,353 |  | 669,737 |  |

| At 31 December 2024 | 71,109 |  | 9,516 |  | 115,021 |  | 819,841 |  |

13. | STOCKS

2025 | 2024 |

| as restated |

£ | £ |

| Stocks | 211,052 |  | 244,594 |  |

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

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

2025 | 2024 |

| as restated |

£ | £ |

| Trade debtors | 1,471,460 |  | 1,729,509 |  |

| Amounts owed by group undertakings | 653,638 |  | 80,912 |  |

| Amounts recoverable on contract | 102,534 |  | 14,445 |  |

| Other debtors | 289,608 |  | 108,580 |  |

| Tax | 25,971 |  | - |  |

| Deferred tax asset | 29,582 |  | - |  |

| Prepayments and accrued income | 57,016 |  | 61,547 |  |

2,629,809 |  | 1,994,993 |  |

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

2025 | 2024 |

| as restated |

£ | £ |

| Leases (see note 17) | 157,737 |  | 169,727 |  |

| Trade creditors | 228,064 |  | 25,432 |  |

| Amounts owed to group undertakings | - |  | 5,000 |  |

| Corporation tax | - |  | 62,985 |  |

| Social security and other taxes | 42,094 |  | 45,627 |  |

| VAT | 29,002 |  | 111,808 |  |

| Payments on account | 191,178 |  | 202,735 |  |

| Accruals and deferred income | 379,220 |  | 343,257 |  |

1,027,295 |  | 966,571 |  |

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

2025 | 2024 |

| as restated |

£ | £ |

| Leases (see note 17) | 413,863 |  | 473,459 |  |

17. | FINANCIAL LIABILITIES - BORROWINGS |

2025 | 2024 |

| as restated |

£ | £ |

| Current:

| Leases (see note 18) | 157,737 |  | 169,727 |  |

| Non-current:

| Leases (see note 18) | 413,863 |  | 473,459 |  |

| Terms and debt repayment schedule

| 1 year or |

| less |  | 1-2 years |  | 2-5 years |  | Totals

£ | £ | £ | £ |

| Leases | 157,737 |  | 99,394 |  | 314,469 |  | 571,600 |  |

18. | LEASING

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

18. | LEASING - continued

| Lease liabilities

| Minimum lease payments fall due as follows:

2025 | 2024 |

| as restated |

£ | £ |

| Gross obligations repayable:

| Within one year | 180,505 |  | 195,562 |  |

| Between one and five years | 464,363 |  | 364,107 |  |

| In more than five years | - |  | 173,333 |  |

644,868 |  | 733,002 |  |

| Finance charges repayable:

| Within one year | 22,768 |  | 25,835 |  |

| Between one and five years | 50,500 |  | 51,328 |  |

| In more than five years | - |  | 12,653 |  |

73,268 |  | 89,816 |  |

| Net obligations repayable:

| Within one year | 157,737 |  | 169,727 |  |

| Between one and five years | 413,863 |  | 312,779 |  |

| In more than five years | - |  | 160,680 |  |

571,600 |  | 643,186 |  |

19. | PROVISIONS FOR LIABILITIES

2024 |

| as restated |

£ |

| Deferred tax | 12,600 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 12,600 |  |

| Credit to Statement of Comprehensive Income during year | (42,182 | ) |

| Balance at 31 December 2025 | (29,582 | ) |

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: |  | as restated |

£ | £ |

| 1,800 | Ordinary A | £1 | 1,800 |  | 1,800 |  |

| 100 | Ordinary B | £1 | 100 |  | 100 |  |

| 100 | Ordinary C | £1 | 100 |  | 100 |  |

2,000 |  | 2,000 |  |

MAZIAK COMPRESSOR SERVICES LIMITED (REGISTERED NUMBER: 02557106) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

21. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 January 2025 | 1,890,009 |  | 1,268 |  | 1,891,277 |  |

| Profit for the year | 272,137 |  | 272,137 |  |

| At 31 December 2025 | 2,162,146 |  | 1,268 |  | 2,163,414 |  |

| Retained earnings

| Retained earnings represent accumulated comprehensive income for the year and prior periods less dividends paid.

| Share premium

| Share premium account represents amounts paid in excess of share cost price.

22. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

| Contributions totalling £21,941 (2024 - £27,502) were paid in the year in respect of the defined contribution scheme. At 31 December 2025 contributions amounting to £NIL (2024 - £NIL) were payable to the scheme.

23. | ULTIMATE CONTROLLING PARTY

| The company's immediate parent company is Atlas Copco UK Holdings Limited. Atlas Copco UK Holdings Limited is incorporated in the United Kingdom and registered in England and Wales.

| The company's ultimate parent and ultimate controlling party at the year end is Atlas Copco AB, a company incorporated in Sweden which prepares consolidated financial statements. Its registered office is SE-105 23 Stockholm, Sweden. Copies of the financial statements are available from the Parent and Registration Office, Bolagsavdelningen, Storgatan 13, S85181, Sundsvall, Sweden. This is the largest and smallest group which prepares group financial statements.