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REGISTERED NUMBER: 01796301 (England and Wales)

| Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Pentagon Vehicle Rentals Limited |

| Pentagon Vehicle Rentals Limited (Registered number: 01796301) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Pentagon Vehicle Rentals Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | I E Marshall

| REGISTERED OFFICE: | 12 Chequers Road

| West Meadows Industrial Estate

| Derby

| DE21 6EN

| REGISTERED NUMBER: | 01796301 (England and Wales)

| AUDITORS: | Bates Weston Audit Ltd

| Statutory Auditors

| Chartered Accountants

| The Mills

| Canal Street

| Derby

| DE1 2RJ

| BANKERS: | Bank of Scotland

| 33 Old Broad Street

| London

| BX2 1LB

| SOLICITORS: | Browne Jacobson LLP

| Castle Meadow Road

| Nottingham

| NG2 1BJ

| Pentagon Vehicle Rentals Limited (Registered number: 01796301) |

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 9,074,197 |  | 11,034,018 |  |

CURRENT ASSETS

Debtors | 5 | 662,582 |  | 639,396 |  |

Cash at bank | 514,587 |  | 1,305,147 |  |

1,177,169 |  | 1,944,543 |  |

CREDITORS

Amounts falling due within one year | 6 | 8,500,682 |  | 11,196,550 |  |

NET CURRENT LIABILITIES | (7,323,513 | ) | (9,252,007 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,750,684 |  | 1,782,011 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (504,186 | ) | (558,376 | ) |

PROVISIONS FOR LIABILITIES | (409,562 | ) | (430,507 | ) |

NET ASSETS | 836,936 |  | 793,128 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 836,836 |  | 793,028 |  |

SHAREHOLDERS' FUNDS | 836,936 |  | 793,128 |  |

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2026 and were signed by:

I E Marshall - Director

| Pentagon Vehicle Rentals Limited (Registered number: 01796301) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

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

| Turnover

| Turnover represents net motor vehicle and trailer hire receivables under operating lease terms and finance interest income under hire purchase and finance lease receivables, excluding value added tax. Fees receivable and services for the use of vehicles are accounted for in the year in which the services are provided.

| Tangible fixed assets

| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment loss. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is provided on all fixed assets to write off the cost less the estimated residual value in annual instalments over their estimated useful lives.

| Vehicles are written off systematically on a straight line basis by reference to their estimated residual value at proposed date of disposal over a range of 2 to 8 years.

| The assets' residual values, useful lives and the depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

| Related parties

| The company is a wholly owned subsidiary undertaking of Pentagon Investments Limited. The company has taken advantage of the exemption contained within Section 1A "Small Entities" of Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of the group, other than as normally disclosed in the notes to the financial statements.

| Hire purchase and leasing commitments payable

| Assets obtained under hire purchase contracts are capitalised in the Balance Sheet and are depreciated over their estimated useful lives.

| The interest element of these obligations is charged to the profit and loss account on a basis which gives a constant periodic rate of interest, on the outstanding hire purchase liability. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to the profit and loss account as incurred.

| Pentagon Vehicle Rentals Limited (Registered number: 01796301) |

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 plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

| Hire purchase and finance lease receivables

| The net investment in assets held by third parties under hire purchase contracts and finance leases in which a residual interest is retained, is accounted for as a current asset within Debtors. Revenue is recognised on a straight line basis over the term of the contract and is included within Turnover.

| Deferred taxation

| Deferred tax arises from timing differences that are differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

| A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

| Provision is made at current rates for taxation deferred in respect of all material timing differences.

| Operating lease receivables

| Where the company enters into a lease as lessor which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as an operating lease. The asset is recorded in the Balance Sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Revenue is recognised on a straight line basis over the term of the contract and is included within Turnover.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investment with original maturities of three months or less.

| Share capital

| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

| Pentagon Vehicle Rentals Limited (Registered number: 01796301) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | TANGIBLE FIXED ASSETS

| Motor

| vehicles

£ |

| COST

| At 1 January 2025 | 18,334,690 |  |

| Additions | 975,624 |  |

| Disposals | (1,553,105 | ) |

| At 31 December 2025 | 17,757,209 |  |

| DEPRECIATION

| At 1 January 2025 | 7,300,672 |  |

| Charge for year | 2,673,531 |  |

| Eliminated on disposal | (1,291,191 | ) |

| At 31 December 2025 | 8,683,012 |  |

| NET BOOK VALUE

| At 31 December 2025 | 9,074,197 |  |

| At 31 December 2024 | 11,034,018 |  |

| The net book value of tangible fixed assets includes £Nil (2024 - £54,866) in respect of assets held under hire purchase contracts.

| Motor vehicles used by the company for leasing activities comprised a cost of £17,757,209 (2024: £18,334,690) and accumulated depreciation of £8,683,012 (2024: £7,300,672). Depreciation for the year on these assets was £2,673,531 (2024: £2,780,652).

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

2025 | 2024 |

£ | £ |

| Trade debtors | 434,395 |  | 473,185 |  |

| Amounts owed by group undertakings | 51,971 |  | - |  |

| Other debtors | 1,353 |  | 3,363 |  |

| Prepayments and accrued income | 174,863 |  | 162,848 |  |

662,582 |  | 639,396 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 8) | - |  | 10,123 |  |

| Trade creditors | 103,812 |  | 144,164 |  |

| Tax | 35,000 |  | - |  |

| Social security and other taxes | 98,845 |  | 165,616 |  |

| Other creditors | 105,646 |  | 54,247 |  |

| Amounts owed to group undertakings | 8,070,496 |  | 10,723,002 |  |

| Accruals and deferred income | 86,883 |  | 99,398 |  |

8,500,682 |  | 11,196,550 |  |

| Pentagon Vehicle Rentals Limited (Registered number: 01796301) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 8) | - |  | 17,313 |  |

| Other creditors | 504,186 |  | 541,063 |  |

504,186 |  | 558,376 |  |

8. | LEASING AND HIRE PURCHASE

| AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | - |  | 10,123 |  |

| Between one and five years | - |  | 17,313 |  |

- |  | 27,436 |  |

| The minimum lease income on non-cancellable operating leases committed to be received is £9,255,830 (2024: £12,499,292).

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | - |  | 27,436 |  |

| Hire purchase contracts are secured against the assets to which they relate.

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Wayne Thomas FCA (Senior Statutory Auditor)

| for and on behalf of Bates Weston Audit Ltd

11. | OTHER FINANCIAL COMMITMENTS

| The company has an undertaking to its bankers for full group security incorporating debentures and corporate guarantees for the group's borrowings. The net amount outstanding to the bank in respect of this undertaking at 31 December 2025 was £Nil (2024: £Nil).

12. | ULTIMATE PARENT COMPANY

| The company's immediate and ultimate parent undertaking is Pentagon Investments Limited, which prepares group financial statements. The registered office of Pentagon Investments Limited is 12 Chequers Road, West Meadows Industrial Estate, Derby, DE21 6EN. Copies of the consolidated financial statements of Pentagon Investments Limited are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.