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REGISTERED NUMBER: 07804197 (England and Wales)

| Unaudited Financial Statements |

| For The Year Ended 31 December 2025 |

| for |

| Advanced Timber Systems Limited |

| Advanced Timber Systems Limited (Registered number: 07804197) |

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 |

| Advanced Timber Systems Limited |

Company Information

For The Year Ended 31 December 2025

| DIRECTORS: | A Potts

| Mrs S J Potts

| REGISTERED OFFICE: | Cricketwood

| Tanhouse Lane

| Botley

| Southampton

| Hampshire

| SO30 2SZ

| REGISTERED NUMBER: | 07804197 (England and Wales)

| ACCOUNTANTS: | Mandair & Co

| Chartered Accountants

| Partnership House

| 84 Lodge Road

| Southampton

| Hampshire

| SO14 6RG

| Advanced Timber Systems Limited (Registered number: 07804197) |

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | 4,226 |  | 4,517 |  |

Tangible assets | 6 | 2,489,983 |  | 2,651,535 |  |

2,494,209 |  | 2,656,052 |  |

CURRENT ASSETS

Stocks | 7 | 350,405 |  | 317,637 |  |

Debtors | 8 | 758,169 |  | 687,259 |  |

Cash at bank | 1,278,143 |  | 506,056 |  |

2,386,717 |  | 1,510,952 |  |

CREDITORS

Amounts falling due within one year | 9 | 1,009,407 |  | 779,899 |  |

NET CURRENT ASSETS | 1,377,310 |  | 731,053 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,871,519 |  | 3,387,105 |  |

PROVISIONS FOR LIABILITIES | 506,725 |  | 554,023 |  |

NET ASSETS | 3,364,794 |  | 2,833,082 |  |

CAPITAL AND RESERVES

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

Retained earnings | 3,363,794 |  | 2,832,082 |  |

SHAREHOLDERS' FUNDS | 3,364,794 |  | 2,833,082 |  |

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.

| Advanced Timber Systems Limited (Registered number: 07804197) |

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 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 21 April 2026 and were signed on its behalf by:

Mrs S J Potts - Director

| Advanced Timber Systems Limited (Registered number: 07804197) |

Notes to the Financial Statements

For The Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Advanced Timber Systems 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. | 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.

| Critical accounting judgements and key sources of estimation uncertainty

| No significant judgements, estimations and uncertainties have arisen in the preparation of the financial statements.

| Turnover

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

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten 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.

| Patents and licences are being amortised evenly over their estimated useful life of twenty years.

| 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 | - | Straight line over 50 years

| Improvements to property | - | Straight line over 10 years

| Plant and machinery | - | 25% reducing balance basis

| Fixtures and equipment | - | 15% reducing balance basis

| Motor vehicles | - | 25% reducing balance basis

| Computer equipment | - | 33% reducing balance basis

| Stocks

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

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Advanced Timber Systems Limited (Registered number: 07804197) |

Notes to the Financial Statements - continued

For The Year Ended 31 December 2025

3. | 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 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

| Rentals paid under operating leases are charged to profit or 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 35 (2024 - 35 ) .

5. | INTANGIBLE FIXED ASSETS

| Patents |

| and |

| Goodwill |  | licences |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 240,000 |  | 5,820 |  | 245,820 |  |

| AMORTISATION

| At 1 January 2025 | 240,000 |  | 1,303 |  | 241,303 |  |

| Amortisation for year | - |  | 291 |  | 291 |  |

| At 31 December 2025 | 240,000 |  | 1,594 |  | 241,594 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | 4,226 |  | 4,226 |  |

| At 31 December 2024 | - |  | 4,517 |  | 4,517 |  |

| Advanced Timber Systems Limited (Registered number: 07804197) |

Notes to the Financial Statements - continued

For The Year Ended 31 December 2025

6. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | Long |  | to |  | Plant and

| property |  | leasehold |  | property |  | machinery

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 212,500 |  | 1,016,541 |  | 343,455 |  | 2,176,549 |  |

| Additions | - |  | - |  | 40,320 |  | 102,607 |  |

| At 31 December 2025 | 212,500 |  | 1,016,541 |  | 383,775 |  | 2,279,156 |  |

| DEPRECIATION

| At 1 January 2025 | 4,250 |  | 57,892 |  | 116,111 |  | 1,166,195 |  |

| Charge for year | 4,250 |  | 20,331 |  | 8,257 |  | 269,489 |  |

| At 31 December 2025 | 8,500 |  | 78,223 |  | 124,368 |  | 1,435,684 |  |

| NET BOOK VALUE

| At 31 December 2025 | 204,000 |  | 938,318 |  | 259,407 |  | 843,472 |  |

| At 31 December 2024 | 208,250 |  | 958,649 |  | 227,344 |  | 1,010,354 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| equipment |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 45,170 |  | 279,305 |  | 74,524 |  | 4,148,044 |  |

| Additions | 10,483 |  | 65,293 |  | 248 |  | 218,951 |  |

| At 31 December 2025 | 55,653 |  | 344,598 |  | 74,772 |  | 4,366,995 |  |

| DEPRECIATION

| At 1 January 2025 | 19,917 |  | 97,363 |  | 34,781 |  | 1,496,509 |  |

| Charge for year | 4,117 |  | 60,869 |  | 13,190 |  | 380,503 |  |

| At 31 December 2025 | 24,034 |  | 158,232 |  | 47,971 |  | 1,877,012 |  |

| NET BOOK VALUE

| At 31 December 2025 | 31,619 |  | 186,366 |  | 26,801 |  | 2,489,983 |  |

| At 31 December 2024 | 25,253 |  | 181,942 |  | 39,743 |  | 2,651,535 |  |

7. | STOCKS

| 31.12.25 |  | 31.12.24

£ | £ |

| Stocks | 284,255 |  | 270,487 |  |

| Work-in-progress | 66,150 |  | 47,150 |  |

350,405 |  | 317,637 |  |

| Advanced Timber Systems Limited (Registered number: 07804197) |

Notes to the Financial Statements - continued

For The Year Ended 31 December 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 699,497 |  | 638,309 |  |

| Other debtors | 1,200 |  | 1,200 |  |

| Directors' current accounts | 21,833 |  | 13,566 |  |

| Prepayments | 35,639 |  | 34,184 |  |

758,169 |  | 687,259 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 427,296 |  | 371,887 |  |

| Tax | 231,845 |  | 150,736 |  |

| Social security and other taxes | 63,790 |  | 42,919 |  |

| VAT | 163,735 |  | 95,802 |  |

| Net wages payable | 118,791 |  | 114,805 |  |

| Accrued expenses | 3,950 |  | 3,750 |  |

1,009,407 |  | 779,899 |  |

10. | RELATED PARTY DISCLOSURES

| During the year the directors operated a joint overdrawn current account which constitutes an advance by the company. The details were:

| £ |  |

| Balance 1 January 2025 |  | 13,565 |  |

| Private expenditure paid by the company |  | 20,677 |  |

| Cash advances |  | 141,000 |  |

| Private donations |  | 36,000 |  |

| Loan interest |  | 887 |  |

|  | 212,129 |  |

| Repayments |  | (66,296 | ) |

| Dividends paid but not withdrawn |  | (124,000 | ) |

| Balance 31 December 2025 |  | 21,833 |  |

| The above advance was charged interest at an effective rate of 3.36% pa, and was unsecured. The loan is repayable on demand.