The director presents the strategic report for the year ended 31 December 2025.

During 2025, the company continued to provide engineering, mechanical and electrical installation services for key clients across multiple jurisdictions. The director believes the company’s reputation for reliable delivery, technical capability and flexibility continues to support repeat business and opportunities in both existing and new markets.

Revenue for the year increased by 21.7%, while gross profit increased by 21.0%. Operating profit remained stable at a strong level, and profit after tax increased by 12.3% compared with the prior year. Cash at bank and in hand increased by 28.9%. These results reflect improved project activity, continued cost discipline and active management of the company’s operations. They also demonstrate that the company’s continued investment in its operations and finance functions is beginning to yield tangible benefits through stronger financial oversight, enhanced cost control and improved protection of project margins.

The company’s revenue profile continued to evolve during the year. Activity in the United Kingdom increased significantly, while revenue generated in Rest of World markets also increased. Revenue from Europe decreased compared with the prior year. The director continues to monitor geographic diversification carefully and remains focused on securing work across a broad range of markets in order to reduce concentration risk and support sustainable long-term growth.

The company continued to strengthen its internal processes and oversight during the year. The operations and finance functions remained closely involved in project delivery, reporting, budgeting, cost control and working capital management, providing stronger visibility over operational and commercial performance across the business. At the same time, the company continued to support the wider automation of company processes and controls in order to improve consistency, efficiency and transparency across operations. These developments have enhanced oversight of project and overhead costs, improved the quality of management information and supported more disciplined decision-making across the business.

The company’s balance sheet remained supported by profitable trading and improved cash generation during the year. Net assets at 31 December 2025 were lower than in the prior year, principally reflecting the interim dividend paid during the year.

The company operates in a complex project environment and remains exposed to changes in legal, tax, health and safety, employment and commercial requirements across multiple jurisdictions. These matters continue to be addressed through proactive planning, experienced project management, strengthened operational and financial oversight, and close monitoring of performance across the business.

The director recognises that the company’s activities expose it to a number of risks and uncertainties, including the following:

Market conditions
Demand for engineering, automation and installation services is linked to customer investment cycles and wider economic conditions. A slowdown in customer spending could reduce order volumes or delay project awards.

Regulatory and cross-border compliance
Operating across multiple jurisdictions exposes the company to varying legal, tax, employment, immigration and health and safety requirements. Failure to comply could result in penalties, disputes, delays or reputational damage. The company seeks to mitigate this risk through internal controls, external advice where appropriate, and ongoing review of compliance obligations.

Project execution
Large and technically complex projects may be affected by delays, variations, supply chain issues, cost overruns or performance-related matters. These risks are managed through detailed project planning, regular commercial review, active site management and oversight by experienced operational teams.

Contract estimation and revenue recognition
The company recognises revenue on long-term contracts by reference to stage of completion and estimated costs to complete. This requires management judgement and regular reassessment. Unexpected project developments, inaccurate estimates or unapproved variations may affect reported margins and profitability. The company mitigates this risk through regular contract reviews, budget monitoring and management challenge over project forecasts.

Working capital and cash collection
The company’s project-based activities can result in significant balances in stock, debtors, accruals and deferred income. Delays in billing, certification or customer payments may place pressure on working capital and cash flow. This risk is managed through close monitoring of billing milestones, debtor recovery and short-term cash flow forecasting.

People and skills
The company’s continued success depends on attracting, retaining and developing skilled employees in both operational and support functions. Recruitment, retention and training remain priorities, supported by the continued strengthening of key functions across the business.

Foreign exchange
Given the company’s cross-border activities, it is exposed to exchange rate movements that may affect results, cash flows and margins. This exposure is monitored on an ongoing basis as part of normal financial management.

The director believes that the company’s risk management framework, supported by strengthened internal processes and oversight, remains appropriate to the scale and nature of the business.

The principal financial performance indicators for the company remain revenue, gross profit, operating profit, profit after tax, cash and net assets.

During the year, revenue increased by 21.7%, gross profit increased by 21.0%, and profit after tax increased by 12.3%. Operating profit remained broadly stable at a strong level compared with the prior year, while cash at bank and in hand increased by 28.9%. Net assets decreased by 36.4%, principally reflecting the interim dividend paid during the year.

The director also closely monitors project margins, working capital, debtor recoverability and the quality of forecasting on contracts in progress. These measures are considered particularly important given the nature of the company’s activities and the use of percentage-of-completion accounting.

The director remains confident in the long-term prospects of the business. The company is well placed to pursue further opportunities in engineering, mechanical and electrical installation services, particularly where projects require strong delivery capability and technical expertise.

Looking ahead, the company intends to continue focusing on profitable projects and disciplined margin management, strengthening financial controls, reporting processes and cost oversight, supporting the automation of company processes and controls, managing cross-border compliance obligations carefully, and maintaining appropriate working capital discipline to support future growth.

The director believes that the company’s operational experience, improving financial discipline and continued focus on effective execution provide a solid platform for sustainable and profitable growth.

On behalf of the board

The director presents his annual report and financial statements for the year ended 31 December 2025.

The principal activity of the company continued to be that of engineering, mechanical and electrical installation services.

The financial statements include a branch that operates in Latvia. The branch was set up on 24 January 2024, and included in the company financial statements from this point forward.

The directors who held office during the year and up to the date of signature of the financial statements was as follows:

The results for the year are set out on page 12.

Ordinary dividends were paid amounting to £1,619,545 (2024: nil), The directors does not recommend the payment of a further dividend.

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is 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 director is required to:

• select suitable accounting policies and then apply them consistently;

• make judgements and accounting estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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. He is 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.

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of Principal risks and uncertainties and future developments.

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

We have audited the financial statements of Sintec UK Limited (the 'company') for the year ended 31 December 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including 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 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 Auditor's 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.

Conclusions relating to going concern

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of the financial statements.

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

However, because not all events or conditions can be predicted, this conclusion is not a guarantee as to the company’s ability to continue as a going concern.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

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 director is 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 our audit:

• the information given in the strategic report and the director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the strategic report and the director's report have been prepared in accordance with applicable legal requirements.

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 strategic report or the director's report. We have nothing to report in respect of the following matters in relation to which 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 director's remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

As explained more fully in the director's responsibilities statement, the director is 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 director determines is 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 director is 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

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 an auditor's report 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, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

• identify and assess the risks of material misstatement of the entity’s financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control

• obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control;

• evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors;

• conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the entity’s or the parent company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the company to cease to continue as a going concern; and

• evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (i.e. gives a true and fair view).

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Our approach was as follows:

• we identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the directors and other management (as required by auditing standards), the policies and procedures regarding compliance with laws and regulations;

• we considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the Companies Act 2006) and the relevant tax compliance regulations in the UK;

• we considered the nature of the industry, the control environment and business performance, including the key drivers for management’s remuneration;

• we communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit;

• we considered the procedures and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-for-the-audit-of-the-fi/description-of-the-auditor%E2%80%99s-responsibilities-for. This description forms part of our auditor’s 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 an auditor's report 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.

All transactions are derived from continuing operations.

Sintec UK Limited (05688495) is a private company limited by shares incorporated in England and Wales. The registered office is Unit 23, Metro Centre, Britannia Way, Park Royal, London, United Kingdom, NW10 7PA.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of 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 under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

• Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

• Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

• Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Sintec Holding Limited. These consolidated financial statements are available from its registered office, Unit 23 Park Royal Metro Centre, Britannia Way, London, NW10 7PA.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover represents the value, net of value added tax and discounts, derived from contracts with customers for the provision of goods and services in the ordinary course of the company’s activities. The company recognises turnover in line with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Turnover is recognised when the significant risks and rewards of ownership of goods or services transfers to the customer, the amount can be measured reliably, economic benefits are probable, and costs can be measured reliably. Revenue is measured at the fair value of consideration received or receivable, net of VAT, discounts, and rebates.

Turnover from the sale of goods and materials is recognised when significant risks and rewards of ownership passes, normally on delivery or installation.

Turnover from the provision of project and installation services is recognised on a percentage-of-completion basis using input methods. Loss making contracts are recognised immediately. Where contract modifications are made, these are treated as separate, if appropriate; otherwise adjustments are made to the existing contract.

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises 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.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks 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 or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its 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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost 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.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. 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 profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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.

Basic financial liabilities, including creditors and loans from fellow group companies, 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 or 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.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

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.

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

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

In the application of the company’s accounting policies, the director is 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.

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.

The valuation of stock includes amounts relating to goods held on site for projects in progress at the reporting date. Stock quantities are physically verified; however, the allocation of these materials to individual projects and the valuation recognised in stock is estimated based on the stage of completion of each project.

At the year end, a balance of £222,894 (2024: £139,593) is recognised in stock in respect of goods held on site.

The assessment of the stage of completion requires judgement and therefore the proportion of materials recognised as stock at the reporting date is subject to estimation uncertainty. These estimates are reviewed on a regular basis and updated through the monthly management accounts process where necessary.

The Company enters into long-term service contracts with its customers. Revenue and associated profit on contracts in progress at the reporting date are recognised by reference to the stage of completion of each contract, where the outcome of the contract can be estimated reliably.

In determining the stage of completion and the amount of revenue and profit to be recognised, the directors exercise judgement in estimating the costs required to complete each project and assessing the overall profitability of the contract.

At the year end, the directors review the forecast costs to complete each project in order to determine the revenue and profit to be recognised in the current period and the amounts to be carried forward.

These estimates are reviewed regularly as part of the monthly management reporting process and any revisions to estimates are recognised in the profit and loss account in the period in which they arise.

An analysis of the company's turnover is as follows:

The amount of exchange differences recognised in other comprehensive income arising during the year was £20,060 credit (2024 - £23,759).

The average monthly number of persons (including directors) employed by the company during the year was:

Their aggregate remuneration comprised:

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 0 (2024 - 0).

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

These financial statements are separate company financial statements for Sintec UK Limited.

Details of the company's subsidiaries at 31 December 2025 are as follows:

A Coronavirus Business Interruption Loan was obtained from HSBC UK Bank PLC in June 2020. The loan is repayable in instalments by July 2026 and is subject to interest at 3.99% above base rate. The loan is supported by both the government and a personal guarantee by a director totalling £40,000. Subsequent to the year end, the loan has been repaid in full.

In addition, HSBC PLC holds a fixed and floating charge over the undertakings, all properties of the company and all assets present and future, as dated 11 April 2011.

Finance lease payments represent rentals payable by the company for certain motor vehicles. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is between 3 and 5 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

Hire purchase contracts and finance leases are secured on the assets they were used to acquire. They are repayable on an instalment basis, at interest rates between 3.72% and 6.09%.

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

The deferred tax liability set out above is expected to reverse within the foreseeable future and relates to accelerated capital allowances that are expected to mature within the same period.

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.

Each share is entitled to:

• one vote in any circumstances;

• dividend payments or any other distribution; and

• participate in a distribution arising from a winding up of the company.

The Company’s reserves are as follows:

• Called up share capital reserve represents the nominal value of the shares issued.

• Profit and loss account represents cumulative profits or losses, net of dividends paid and other adjustments.

As a result of work completed on 20 June 2024, £100,000 was placed in escrow with Barclays in favour of Jungheinrich Systemlösungen GmbH. These funds were restricted and not available for use until the earlier of contract completion or three months after the expiry of the warranty period.

Subsequent to the year end, the full amount of £100,000 was released from escrow and returned to the company.

Operating lease payments represent rentals payable by the company for the lease of properties, motor vehicles and plant and machinery. Leases are negotiated for terms of between 2 and 15 years. The property leases are subject to rent reviews. The leases on the motor vehicles and plant and machinery are fixed.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Since the year end, geopolitical tensions in the middle east have escalated. The company has assessed the potential impact of these events and while no material financial effect has been identified at the date of approval of these financial statements, the situation remains uncertain and is being monitored.

The remuneration of key management personnel is as follows.

During the year Sintec UK Limited made sales totaling £12,320 (2024 - purchases totaling £105,674) from a connected company by common directorship. At the year end, the connected company owed Sintec UK Limited £199 (2024 - £42,498)

The company has taken advantage of the exemption available under FRS 102 Section 33.1A not to disclose transactions with other wholly-owned members of the group.

There is a composite company limited multi lateral guarantee with HSBC UK Bank PLC dated 14 March 2016, given by Sintec Properties Limited and Sintec UK Limited to the value of £135,000.

The parent company is Sintec Holding Limited and the ultimate control continues to be Mr. S. Morozov by virtue of his controlling shareholding in Sintec Holding Limited.

The smallest and largest group in which the results of the company are consolidated is that headed by the parent company, Sintec Holding Limited, a company incorporated in England and Wales, with a registered office located at Unit 23 Park Royal Metro Centre, Britannia Way, London, United Kingdom, NW10 7PA. The consolidated financial statements of this group are available to the public and may be obtained from Companies House.