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REGISTERED NUMBER: 01109394 (England and Wales)

| SPECIALISED CHEMICALS LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

SPECIALISED CHEMICALS LIMITED (REGISTERED NUMBER: 01109394)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 7

SPECIALISED CHEMICALS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | S M Holland

| A J Gilmour

| REGISTERED OFFICE: | 3 Castlegate

| Grantham

| Lincolnshire

| NG31 6SF

| REGISTERED NUMBER: | 01109394 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| 3 Castlegate

| Grantham

| Lincolnshire

| NG31 6SF

SPECIALISED CHEMICALS LIMITED (REGISTERED NUMBER: 01109394)

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 386,840 |  | 263,916 |  |

CURRENT ASSETS

Inventories | 672,264 |  | 626,333 |  |

Debtors | 5 | 809,865 |  | 1,085,764 |  |

Cash at bank and in hand | 517,359 |  | 850,182 |  |

1,999,488 |  | 2,562,279 |  |

CREDITORS

Amounts falling due within one year | 6 | 575,194 |  | 705,217 |  |

NET CURRENT ASSETS | 1,424,294 |  | 1,857,062 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,811,134 |  | 2,120,978 |  |

PROVISIONS FOR LIABILITIES | 76,501 |  | 51,624 |  |

NET ASSETS | 1,734,633 |  | 2,069,354 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 1,000 |  | 1,000 |  |

Retained earnings | 1,733,633 |  | 2,068,354 |  |

SHAREHOLDERS' FUNDS | 1,734,633 |  | 2,069,354 |  |

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 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.

SPECIALISED CHEMICALS LIMITED (REGISTERED NUMBER: 01109394)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2026 and were signed on its behalf by:

A J Gilmour - Director

S M Holland - Director

SPECIALISED CHEMICALS LIMITED (REGISTERED NUMBER: 01109394)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Specialised Chemicals 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.

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

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 as modified by the revaluation of certain assets.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Revenue 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.

| Plant and machinery | - | 15% on cost

| Motor vehicles | - | 20% on cost

| 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.

| Stock

| Stock is stated at the lower of cost and fair value less costs to complete and sell. Cost includes direct materials, labour and manufacturing overheads incurred in bringing each product to its present location and condition.

| 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.

SPECIALISED CHEMICALS LIMITED (REGISTERED NUMBER: 01109394)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit and 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 and loss on a straight line basis over the period of the lease.

| 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.

| Amounts recoverable under contracts

| Services provided to customers during the year, which at the statement of financial position date have not been billed to customers, have been recognised as turnover. Turnover recognised in this manner is based on an assessment of the fair value of the services provided at the statement of financial position date as a proportion of the total value of the contract. Provision is made against unbilled amounts on those contracts where the right to receive payment is contingent on factors outside the control of the company. Unbilled revenue is included in debtors as amounts recoverable under contracts.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 33 (2024 - 32 ) .

SPECIALISED CHEMICALS LIMITED (REGISTERED NUMBER: 01109394)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | PROPERTY, PLANT AND EQUIPMENT

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 January 2025 | 1,159,973 |  | 163,149 |  | 1,323,122 |  |

| Additions | 168,709 |  | 119,100 |  | 287,809 |  |

| Disposals | (14,579 | ) | (29,250 | ) | (43,829 | ) |

| At 31 December 2025 | 1,314,103 |  | 252,999 |  | 1,567,102 |  |

| DEPRECIATION

| At 1 January 2025 | 975,179 |  | 84,027 |  | 1,059,206 |  |

| Charge for year | 112,272 |  | 43,476 |  | 155,748 |  |

| Eliminated on disposal | (14,461 | ) | (20,231 | ) | (34,692 | ) |

| At 31 December 2025 | 1,072,990 |  | 107,272 |  | 1,180,262 |  |

| NET BOOK VALUE

| At 31 December 2025 | 241,113 |  | 145,727 |  | 386,840 |  |

| At 31 December 2024 | 184,794 |  | 79,122 |  | 263,916 |  |

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

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| Valuation in 2025 | 1,314,103 |  | 252,999 |  | 1,567,102 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 471,090 |  | 666,437 |  |

| Amounts recoverable under contracts | 99,792 |  | 30,542 |  |

| Amount due from parent company | 183,415 |  | 320,479 |  |

| Prepayments and accrued income | 55,568 |  | 68,306 |  |

809,865 |  | 1,085,764 |  |

| Included in trade debtors are factored debts amounting to £471,090 (2024 - £666,437).

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

2025 | 2024 |

£ | £ |

| Trade creditors | 282,125 |  | 353,010 |  |

| Taxation | 146,211 |  | 179,236 |  |

| Other taxes and social security | 123,102 |  | 151,046 |  |

| Accrued expenses and deferred

| income | 23,756 |  | 21,925 |  |

575,194 |  | 705,217 |  |

SPECIALISED CHEMICALS LIMITED (REGISTERED NUMBER: 01109394)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 500 | A ordinary | £1 | 500 |  | 500 |  |

| 500 | B ordinary | £1 | 500 |  | 500 |  |

1,000 |  | 1,000 |  |