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REGISTERED NUMBER: 03560927 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GOSPORT DRY LININGS LIMITED

GOSPORT DRY LININGS LIMITED (REGISTERED NUMBER: 03560927) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| GOSPORT DRY LININGS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTOR: | Mr S A Davis

| REGISTERED OFFICE: | Unit D10

| Heritage Business Park

| Heritage Way

| Gosport

| Hampshire

| PO12 4BG

| REGISTERED NUMBER: | 03560927 (England and Wales)

| ACCOUNTANTS: | Gibson Whitter

| Chartered Accountants

| and Chartered Tax Advisers

| Larch House

| Parklands Business Park

| Denmead

| Hampshire

| PO7 6XP

GOSPORT DRY LININGS LIMITED (REGISTERED NUMBER: 03560927) |

BALANCE SHEET

31 DECEMBER 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 81,210 |  | 71,411 |  |

CURRENT ASSETS

Stocks | 38,323 |  | 37,324 |  |

Debtors | 5 | 1,806,471 |  | 1,502,451 |  |

Cash at bank | 276,350 |  | 370,168 |  |

2,121,144 |  | 1,909,943 |  |

CREDITORS

Amounts falling due within one year | 6 | 432,050 |  | 300,969 |  |

NET CURRENT ASSETS | 1,689,094 |  | 1,608,974 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,770,304 |  | 1,680,385 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (48,102 | ) | (57,573 | ) |

PROVISIONS FOR LIABILITIES | 9 | (15,430 | ) | (13,568 | ) |

NET ASSETS | 1,706,772 |  | 1,609,244 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 1,706,770 |  | 1,609,242 |  |

SHAREHOLDERS' FUNDS | 1,706,772 |  | 1,609,244 |  |

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

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

The director acknowledges his responsibilities for:

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

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

GOSPORT DRY LININGS LIMITED (REGISTERED NUMBER: 03560927) |

BALANCE SHEET - continued

31 DECEMBER 2025

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 and authorised for issue by the director and authorised for issue on 8 April 2026 and were signed by:

Mr S A Davis - Director

GOSPORT DRY LININGS LIMITED (REGISTERED NUMBER: 03560927) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

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

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on cost and 15% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is computed on a first in first out basis.

| Taxation

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

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

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

| Deferred tax

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

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

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

| Hire purchase and leasing commitments

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

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

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

GOSPORT DRY LININGS LIMITED (REGISTERED NUMBER: 03560927) |

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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Long term contracts

| Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 8 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025 | 191,362 |  |

| Additions | 85,504 |  |

| Disposals | (68,650 | ) |

| At 31 December 2025 | 208,216 |  |

| DEPRECIATION

| At 1 January 2025 | 119,951 |  |

| Charge for year | 36,375 |  |

| Eliminated on disposal | (29,320 | ) |

| At 31 December 2025 | 127,006 |  |

| NET BOOK VALUE

| At 31 December 2025 | 81,210 |  |

| At 31 December 2024 | 71,411 |  |

GOSPORT DRY LININGS LIMITED (REGISTERED NUMBER: 03560927) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025 | 139,529 |  |

| Additions | 83,270 |  |

| Disposals | (68,650 | ) |

| At 31 December 2025 | 154,149 |  |

| DEPRECIATION

| At 1 January 2025 | 73,158 |  |

| Charge for year | 34,422 |  |

| Eliminated on disposal | (29,320 | ) |

| At 31 December 2025 | 78,260 |  |

| NET BOOK VALUE

| At 31 December 2025 | 75,889 |  |

| At 31 December 2024 | 66,371 |  |

5. | DEBTORS

| 31.12.25 |  | 31.12.24

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 512,029 |  | 380,905 |  |

| Amounts owed by group undertakings | 892,550 |  | 890,960 |  |

| Other debtors | 191,968 |  | 73,746 |  |

1,596,547 |  | 1,345,611 |  |

| Amounts falling due after more than one year:

| Trade debtors | 209,924 |  | 156,840 |  |

| Aggregate amounts | 1,806,471 |  | 1,502,451 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans and overdrafts | 8,334 |  | - |  |

| Hire purchase contracts (see note 8) | 29,127 |  | 32,178 |  |

| Trade creditors | 285,869 |  | 228,277 |  |

| Taxation and social security | 57,230 |  | 10,493 |  |

| Other creditors | 51,490 |  | 30,021 |  |

432,050 |  | 300,969 |  |

GOSPORT DRY LININGS LIMITED (REGISTERED NUMBER: 03560927) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans | - |  | 28,334 |  |

| Hire purchase contracts (see note 8) | 48,102 |  | 29,239 |  |

48,102 |  | 57,573 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 31.12.25 |  | 31.12.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 29,127 |  | 32,178 |  |

| Between one and five years | 48,102 |  | 29,239 |  |

77,229 |  | 61,417 |  |

| Non-cancellable |

| operating leases |

| 31.12.25 |  | 31.12.24

£ | £ |

| Within one year | 6,767 |  | - |  |

| Between one and five years | 18,610 |  | - |  |

25,377 |  | - |  |

9. | PROVISIONS FOR LIABILITIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Deferred tax | 15,430 |  | 13,568 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 13,568 |  |

| Utilised during year | 1,862 |  |

| Balance at 31 December 2025 | 15,430 |  |

10. | RELATED PARTY DISCLOSURES

| The aggregate amount owed by group undertakings at the balance sheet date is £892,550 (31.12.24: £890,960).

| The company has provided security for liabilities in a group company.

| The amount owed to the director at the balance sheet date is nil. (31.12.24

| £137).

GOSPORT DRY LININGS LIMITED (REGISTERED NUMBER: 03560927) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

11. | ULTIMATE CONTROLLING PARTY

| The parent company is GDL Holdings Limited a company registered in England and Wales. The ultimate controlling party is Mr S A Davies.