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REGISTERED NUMBER: SC299318 (Scotland)

Unaudited Financial Statements

for the Period 1st June 2024 to 31st July 2025

for

PIPELINE DRILLERS LIMITED

PIPELINE DRILLERS LIMITED (REGISTERED NUMBER: SC299318) |

Contents of the Financial Statements

for the Period 1st June 2024 to 31st July 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| PIPELINE DRILLERS LIMITED |

Company Information

for the Period 1st June 2024 to 31st July 2025

| DIRECTORS: | I Orr

| Mrs S E Orr

| REGISTERED OFFICE: | 1 Milton Road

| East Kilbride

| Glasgow

| G74 5BU

| REGISTERED NUMBER: | SC299318 (Scotland)

| ACCOUNTANTS: | Pecuniae Limited

| 10 Abercorn Drive

| Hamilton

| ML3 7EX

| BANKERS: | Bank of Scotland

| 167-201 Argyle Street

| Glasgow

| G2 8BU

PIPELINE DRILLERS LIMITED (REGISTERED NUMBER: SC299318) |

Balance Sheet

31st July 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | 3 |  |

Tangible assets | 6 | 1,137,874 |  | 1,303,294 |  |

1,137,874 |  | 1,303,297 |  |

CURRENT ASSETS

Stocks | 14,426 |  | 141,577 |  |

Debtors | 7 | 516,996 |  | 110,016 |  |

Cash at bank | 63,542 |  | 4,752,958 |  |

594,964 |  | 5,004,551 |  |

CREDITORS

Amounts falling due within one year | 8 | 641,318 |  | 247,581 |  |

NET CURRENT (LIABILITIES)/ASSETS | (46,354 | ) | 4,756,970 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,091,520 |  | 6,060,267 |  |

PROVISIONS FOR LIABILITIES | 208,013 |  | 241,933 |  |

NET ASSETS | 883,507 |  | 5,818,334 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 883,505 |  | 5,818,332 |  |

883,507 |  | 5,818,334 |  |

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

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

The directors acknowledge their responsibilities for:

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

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

PIPELINE DRILLERS LIMITED (REGISTERED NUMBER: SC299318) |

Balance Sheet - continued

31st July 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 by the Board of Directors and authorised for issue on 7th April 2026 and were signed on its behalf by:

I Orr - Director

PIPELINE DRILLERS LIMITED (REGISTERED NUMBER: SC299318) |

Notes to the Financial Statements

for the Period 1st June 2024 to 31st July 2025

1. | STATUTORY INFORMATION

| Pipeline Drillers Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Significant judgements and estimates

| In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| Turnover & revenue recognition

| Turnover represents amounts invoiced to outside customers, except in respect of contracting activities where turnover represents the value of work carried out during the year including amounts not invoiced. Turnover excludes value added tax.

| Goodwill

| Goodwill arising on an acquisition of a trade is the difference between the fair value of the consideration paid and the fair value of the assets and liabilities acquired. Positive goodwill is capitalised and amortised through the profit and loss account over the director's estimate of its useful economic life.

| 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.

| Other intangible assets are considered to have an indefinite useful life.

PIPELINE DRILLERS LIMITED (REGISTERED NUMBER: SC299318) |

Notes to the Financial Statements - continued

for the Period 1st June 2024 to 31st July 2025

3. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Plant and machinery | - | 10% on cost

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 20% on cost

| Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment loss.

| At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Expenditure of £500 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

| Stocks

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

| Basic financial instruments

| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

| Taxation

| Taxation for the period 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 period 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

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

PIPELINE DRILLERS LIMITED (REGISTERED NUMBER: SC299318) |

Notes to the Financial Statements - continued

for the Period 1st June 2024 to 31st July 2025

3. | 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.

| Contract work in progress

| Profit on contracting activities is recognised in work in progress where the outcome of the relevant contract can be assessed with reasonable certainty. Full provision is made for all known or expected losses at completion of each contract immediately such losses are foreseen. The amount attributable to contracts in the balance sheet (disclosed under debtors as amounts recoverable on contracts) is the value of measured work less certified payments on account.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 11 (2024 - 15 ) .

5. | INTANGIBLE FIXED ASSETS

| Other |

| intangible |

| Goodwill |  | assets |  | Totals

£ | £ | £ |

| COST

| At 1st June 2024 | 50,000 |  | 3 |  | 50,003 |  |

| Disposals | (50,000 | ) | (3 | ) | (50,003 | ) |

| At 31st July 2025 | - |  | - |  | - |  |

| AMORTISATION

| At 1st June 2024 | 50,000 |  | - |  | 50,000 |  |

| Eliminated on disposal | (50,000 | ) | - |  | (50,000 | ) |

| At 31st July 2025 | - |  | - |  | - |  |

| NET BOOK VALUE

| At 31st July 2025 | - |  | - |  | - |  |

| At 31st May 2024 | - |  | 3 |  | 3 |  |

PIPELINE DRILLERS LIMITED (REGISTERED NUMBER: SC299318) |

Notes to the Financial Statements - continued

for the Period 1st June 2024 to 31st July 2025

6. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1st June 2024 | 235,340 |  | 3,138,436 |  | 3,373,776 |  |

| Additions | - |  | 211,660 |  | 211,660 |  |

| Disposals | - |  | (428,290 | ) | (428,290 | ) |

| At 31st July 2025 | 235,340 |  | 2,921,806 |  | 3,157,146 |  |

| DEPRECIATION

| At 1st June 2024 | 18,226 |  | 2,052,256 |  | 2,070,482 |  |

| Charge for period | 5,491 |  | 344,519 |  | 350,010 |  |

| Eliminated on disposal | - |  | (401,220 | ) | (401,220 | ) |

| At 31st July 2025 | 23,717 |  | 1,995,555 |  | 2,019,272 |  |

| NET BOOK VALUE

| At 31st July 2025 | 211,623 |  | 926,251 |  | 1,137,874 |  |

| At 31st May 2024 | 217,114 |  | 1,086,180 |  | 1,303,294 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 302,357 |  | 92,506 |  |

| Amounts recoverable on contract | 149,944 |  | 7,299 |  |

| Other debtors | 64,695 |  | 10,211 |  |

516,996 |  | 110,016 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 222,177 |  | 30,095 |  |

| Taxation and social security | 71,983 |  | 200,895 |  |

| Other creditors | 347,158 |  | 16,591 |  |

641,318 |  | 247,581 |  |

9. | RELATED PARTY DISCLOSURES

| The company owes £310,793 to its parent company Burnside Plant Hire Ltd. This is interest free and has no fixed repayment terms.

| The company paid rent to former director P Taylor for the use of his office of £3,060 (2024 £4,320). There was no amount outstanding at the year end.