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REGISTERED NUMBER: 01940659 (England and Wales)

MARREN MICROWAVE LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page |

| Strategic Report | 1 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 5 |

| Statement of Comprehensive Income | 9 |

| Balance Sheet | 10 |

| Statement of Changes in Equity | 11 |

| Cash Flow Statement | 12 |

| Notes to the Cash Flow Statement | 13 |

| Notes to the Financial Statements | 15 |

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

STRATEGIC REPORT

FOR THE YEAR ENDED 31 OCTOBER 2025

The directors present their strategic report for the year ended 31 October 2025.

REVIEW OF BUSINESS

During the year, the company continued to strengthen its position within the service and maintenance sector through steady operational development and targeted investment across the business.

A key strategic focus remains the expansion of the company's equipment portfolio. Over the past year, additional brands have been incorporated into the range of equipment supported by the business. While expanding the portfolio provides broader service capability for customers, the company remains committed to maintaining its reputation as a specialist provider. The business continues to prioritise technical expertise within specific equipment categories, ensuring engineers maintain a high level of specialist knowledge and competence.

As with many businesses operating within the service sector, the company has experienced recruitment challenges in certain areas of the business. However, feedback and benchmarking data from customers indicate that these challenges are widespread across the industry at a national level. Despite these market conditions, the company has continued to perform strongly in customer comparison metrics, regularly achieving leading positions within service performance rankings. Management remains committed to monitoring service performance closely and will continue to identify opportunities to enhance service levels wherever possible.

Investment in training and professional development remains a priority. The company continues to roll out structured training programmes and upskilling initiatives for engineers throughout the year, ensuring that technical knowledge remains current and aligned with the evolving equipment portfolio and customer requirements.

Operational infrastructure also continues to be reviewed and improved. The company maintains a proactive approach to fleet management, ensuring that vehicles are regularly maintained to support operational reliability, sustainability and cost efficiency. The business continues to invest in new vehicles while closely monitoring maintenance costs and identifying any recurring faults across the fleet. This analysis enables the company to make informed decisions regarding vehicle selection and to pivot to alternative manufacturers should reliability or cost concerns arise.

The company has also made a significant environmental investment over the past 12 months through the installation of a solar energy system. The project has already begun to demonstrate financial savings, and a more comprehensive comparison against previous years will be conducted once a full operational year has been completed in 2026. Early indicators show that the installation has delivered a carbon reduction equivalent to approximately 10,841 trees, highlighting the positive environmental impact of the initiative.

The company continues to review its business continuity planning to ensure resilience in an evolving operating environment. This includes monitoring stock levels, reviewing supply chain stability and assessing geopolitical factors that may affect the availability of equipment or components. These ongoing reviews enable the business to respond proactively and maintain continuity of service for customers.

Overall, the directors remain confident in the company's strategic direction and its ability to continue delivering high levels of service while investing in operational efficiency, environmental sustainability and workforce development.

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

STRATEGIC REPORT

FOR THE YEAR ENDED 31 OCTOBER 2025

KEY PERFORMANCE INDICATORS

The director has monitored the progress of overall company strategy and the individual strategic elements by reference to certain key performance indicators:

- Turnover for the year amounted to £9,977,783 (2024 - £10,296,794)

- Operating profit for the year £350,170 (2024 - £294,739)

- EBITDA for the year was a profit of £657,226 (2024 - £664,250)

ON BEHALF OF THE BOARD:

I S Marren - Director

6 May 2026

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 OCTOBER 2025

The directors present their report with the financial statements of the company for the year ended 31 October 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the supply and maintenance of commercial microwave ovens.

DIVIDENDS

No dividends will be distributed for the year ended 31 October 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2024 to the date of this report.

P Jobanputra

I S Marren

Mrs A Marren (deceased)

K D Needs

M Skinner

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are 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 directors are 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. They are 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 OCTOBER 2025

AUDITORS

The auditors, CFW Accountants LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

I S Marren - Director

6 May 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MARREN MICROWAVE LIMITED

Opinion

We have audited the financial statements of Marren Microwave Limited (the 'company') for the year ended 31 October 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of 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 October 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 Auditors' 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

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.

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 when the financial statements are authorised for issue.

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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MARREN MICROWAVE LIMITED

Matters on which we are required to report by exception

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 Report of the Directors.

We have nothing to report in respect of the following matters where 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 directors' remuneration specified by law are not made; or

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MARREN MICROWAVE LIMITED

Auditors' responsibilities for the audit of the financial statements

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 a Report of the Auditors 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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we consider the following:

- the nature of the industry and sector, control environment and business performance;

- results of our enquiries of management and those charged with governance about their own identification and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any

instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected

or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team and involving other members of staff requiring consultation regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (UK GAAP), pensions legislation and tax legislation.

In addition, we considered the provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty.

Audit response to risks identified

As a result of performing the above, our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management and those charged with governance concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; and

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MARREN MICROWAVE LIMITED

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicate relevant identified laws and regulations and potential fraud risks to all engagement team members, including other members of staff consulted, and remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our 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 a Report of the Auditors 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.

Kim Leslie Parry FCCA (Senior Statutory Auditor)

for and on behalf of CFW Accountants LLP

Chartered Accountants

& Statutory Auditors

3 Weekley Wood Close

Kettering

Northamptonshire

NN14 1UQ

8 May 2026

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

STATEMENT OF COMPREHENSIVE

INCOME

FOR THE YEAR ENDED 31 OCTOBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 4 | 9,977,783 |  | 10,296,794 |  |

Cost of sales | (4,344,232 | ) | (4,617,501 | ) |

GROSS PROFIT | 5,633,551 |  | 5,679,293 |  |

Distribution costs | (310,912 | ) | (366,267 | ) |

Administrative expenses | (4,972,469 | ) | (5,018,287 | ) |

OPERATING PROFIT | 6 | 350,170 |  | 294,739 |  |

Interest receivable and similar income | 2,428 |  | 1,910 |  |

352,598 |  | 296,649 |  |

Interest payable and similar expenses | 7 | (96,920 | ) | (103,696 | ) |

PROFIT BEFORE TAXATION | 255,678 |  | 192,953 |  |

Tax on profit | 8 | (70,634 | ) | (27,366 | ) |

PROFIT FOR THE FINANCIAL YEAR | 185,044 |  | 165,587 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 185,044 |  | 165,587 |  |

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

BALANCE SHEET

31 OCTOBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 2,020,902 |  | 2,241,512 |  |

Investments | 10 | - |  | - |  |

2,020,902 |  | 2,241,512 |  |

CURRENT ASSETS

Stocks | 11 | 1,598,608 |  | 1,782,558 |  |

Debtors | 12 | 1,954,763 |  | 1,593,679 |  |

Cash at bank | 547,285 |  | 485,730 |  |

4,100,656 |  | 3,861,967 |  |

CREDITORS

Amounts falling due within one year | 13 | 2,451,823 |  | 2,100,849 |  |

NET CURRENT ASSETS | 1,648,833 |  | 1,761,118 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,669,735 |  | 4,002,630 |  |

CREDITORS

Amounts falling due after more than one year | 14 | (900,839 | ) | (1,385,149 | ) |

PROVISIONS FOR LIABILITIES | 18 | (223,549 | ) | (257,178 | ) |

NET ASSETS | 2,545,347 |  | 2,360,303 |  |

CAPITAL AND RESERVES

Called up share capital | 19 | 10,000 |  | 10,000 |  |

Retained earnings | 20 | 2,535,347 |  | 2,350,303 |  |

SHAREHOLDERS' FUNDS | 2,545,347 |  | 2,360,303 |  |

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 6 May 2026 and were signed on its behalf by:

I S Marren - Director

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 November 2023 | 10,000 |  | 2,184,716 |  | 2,194,716 |  |

Changes in equity

Total comprehensive income | - |  | 165,587 |  | 165,587 |  |

Balance at 31 October 2024 | 10,000 |  | 2,350,303 |  | 2,360,303 |  |

Changes in equity

Total comprehensive income | - |  | 185,044 |  | 185,044 |  |

Balance at 31 October 2025 | 10,000 |  | 2,535,347 |  | 2,545,347 |  |

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 OCTOBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 593,547 |  | 359,510 |  |

Interest paid | (66,437 | ) | (60,866 | ) |

Interest element of hire purchase payments paid | (30,483 | ) | (42,830 | ) |

Net cash from operating activities | 496,627 |  | 255,814 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (109,356 | ) | (223,061 | ) |

Sale of tangible fixed assets | 81,333 |  | 36,617 |  |

Interest received | 2,428 |  | 1,910 |  |

Net cash from investing activities | (25,595 | ) | (184,534 | ) |

Cash flows from financing activities

New loans in year | - |  | 250,000 |  |

Payment of bank loans | (56,761 | ) | (36,824 | ) |

Payment of finance lease obligations | (189,805 | ) | (167,073 | ) |

Amount introduced by directors | 195,910 |  | 150,909 |  |

Amount repaid to directors | (358,821 | ) | (328,497 | ) |

Net cash from financing activities | (409,477 | ) | (131,485 | ) |

Increase/(decrease) in cash and cash equivalents | 61,555 |  | (60,205 | ) |

Cash and cash equivalents at beginning of year | 2 | 485,730 |  | 545,935 |  |

Cash and cash equivalents at end of year | 2 | 547,285 |  | 485,730 |  |

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 OCTOBER 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 255,678 |  | 192,953 |  |

| Depreciation charges | 307,056 |  | 369,511 |  |

| (Profit)/loss on disposal of fixed assets | (3,883 | ) | 10,709 |  |

| Finance costs | 96,920 |  | 103,696 |  |

| Finance income | (2,428 | ) | (1,910 | ) |

653,343 |  | 674,959 |  |

| Decrease/(increase) in stocks | 183,950 |  | (196,398 | ) |

| Increase in trade and other debtors | (361,084 | ) | (6,994 | ) |

| Increase/(decrease) in trade and other creditors | 117,338 |  | (112,057 | ) |

| Cash generated from operations | 593,547 |  | 359,510 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 October 2025

| 31.10.25 |  | 1.11.24

£ | £ |

| Cash and cash equivalents | 547,285 |  | 485,730 |  |

| Year ended 31 October 2024

| 31.10.24 |  | 1.11.23

£ | £ |

| Cash and cash equivalents | 485,730 |  | 545,935 |  |

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 OCTOBER 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

| Other |

| non-cash |

| At 1.11.24 | Cash flow | changes | At 31.10.25

£ | £ | £ | £ |

| Net cash |

| Cash at bank | 485,730 |  | 61,555 |  | 547,285 |  |

485,730 |  | 61,555 |  | 547,285 |  |

| Debt

| Finance leases | (467,522 | ) | 189,805 |  | - |  | (332,257 | ) |

| Debts falling due

| within 1 year | (62,715 | ) | 5,719 |  | - |  | (56,996 | ) |

| Debts falling due

| after 1 year | (782,669 | ) | 51,042 |  | - |  | (731,627 | ) |

(1,312,906 | ) | 246,566 |  | - |  | (1,120,880 | ) |

| Total | (827,176 | ) | 308,121 |  | - |  | (573,595 | ) |

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1. | STATUTORY INFORMATION

| Marren Microwave Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 01940659

| Registered office: | 40 Mallard Close

| Earls Barton

| Northamptonshire

| NN6 0JF

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Preparation of consolidated financial statements

| The company has taken advantage of the exemption under section 405 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that all of the subsidiaries of which it is a parent are immaterial at a group level. The financial statements present information about the company as an individual entity and not about its group.

| Turnover

| Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

| The company recognises revenue from the following major sources:

| Sale of ovens

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Servicing of products

| Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | 2% on cost

| Integral features | - | 2% on cost

| Fixtures and fittings | - | 25% on cost, 15% on cost and 10% on reducing balance

| Motor vehicles | - | 30% on reducing balance and 25% on reducing balance

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Stocks

| Stocks are stated at the lower of cost (on a first in, first out basis) and estimated selling price less costs to complete and sell.

| Cost comprises direct materials. Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

| 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.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. 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 the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or 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 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.

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| 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 provision of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where 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 sell the liability simultaneously.

| Basic financial assets

| 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.

| Impairment of financial assets

| 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.

| Derecognition of financial assets

| 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 risk 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.

| Basic financial liabilities

| Basic financial liabilities 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 payments 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 as transactions price and subsequently measured at amortised cost using the effective interest method.

| Derecognition of financial liabilities

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

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less impairment.

3. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| In the application of the Company's accounting policies, which are described in note 2, management is required to make judgments, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from their 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.

| Stock Provision - management apply judgement in evaluating stock for obsolescence. This judgement is based on management knowledge of the stock and customer demand. At each Balance Sheet date, stocks are assessed for impairment and written down where appropriate.

| Warranty Provision - management apply judgement in evaluating provisions required for warranty costs. This judgement is based on management knowledge of the products sold and average costs to repair/replace. At each Balance Sheet date, stocks are assessed for impairment and written down where appropriate.

| 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 the period of the revision and future periods if the revision affects both the current and future periods.

4. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 9,977,783 |  | 10,296,794 |  |

9,977,783 |  | 10,296,794 |  |

5. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 3,174,361 |  | 3,045,632 |  |

| Social security costs | 408,580 |  | 342,905 |  |

| Other pension costs | 116,993 |  | 141,055 |  |

3,699,934 |  | 3,529,592 |  |

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

5. | EMPLOYEES AND DIRECTORS - continued

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Directors | 5 |  | 5 |  |

| Direct | 38 |  | 39 |  |

| Admin, sales and other | 28 |  | 30 |  |

71 |  | 74 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 721,344 |  | 741,475 |  |

| Directors' pension contributions to money purchase schemes | 67,671 |  | 91,869 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 3 |  | 3 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 193,641 |  | 201,187 |  |

| Pension contributions to money purchase schemes | 26,141 |  | - |  |

6. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | 18,422 |  | 17,455 |  |

| Other operating leases | 14,583 |  | 13,657 |  |

| Depreciation - owned assets | 183,294 |  | 210,339 |  |

| Depreciation - assets on hire purchase contracts | 123,762 |  | 159,172 |  |

| (Profit)/loss on disposal of fixed assets | (3,883 | ) | 10,709 |  |

| Auditors' remuneration | 13,900 |  | 16,136 |  |

| Foreign exchange differences | 4,136 |  | (5,690 | ) |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 66,437 |  | 60,866 |  |

| Hire purchase | 30,483 |  | 42,830 |  |

96,920 |  | 103,696 |  |

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

8. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 104,263 |  | - |  |

| Deferred tax | (33,629 | ) | 27,366 |  |

| Tax on profit | 70,634 |  | 27,366 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 255,678 |  | 192,953 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 63,920 |  | 48,238 |  |

| Effects of:

| Expenses not deductible for tax purposes | 82 |  | 1,786 |  |

| Deprecation on assets not qualifying for tax allowances | 6,632 |  | 6,814 |  |

| Change in deferred tax rates | - |  | (29,104 | ) |

| Capitalised assets classified as trading expenses | - |  | (368 | ) |

| Total tax charge | 70,634 |  | 27,366 |  |

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

9. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Integral |  | and |  | Motor |

| property |  | features |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 November 2024 | 1,270,192 |  | 180,381 |  | 879,937 |  | 1,365,141 |  | 3,695,651 |  |

| Additions | - |  | - |  | 80,606 |  | 83,290 |  | 163,896 |  |

| Disposals | - |  | - |  | - |  | (190,824 | ) | (190,824 | ) |

| At 31 October 2025 | 1,270,192 |  | 180,381 |  | 960,543 |  | 1,257,607 |  | 3,668,723 |  |

| DEPRECIATION

| At 1 November 2024 | 179,944 |  | 8,941 |  | 624,471 |  | 640,783 |  | 1,454,139 |  |

| Charge for year | 25,404 |  | 6,023 |  | 63,479 |  | 212,150 |  | 307,056 |  |

| Eliminated on disposal | - |  | - |  | - |  | (113,374 | ) | (113,374 | ) |

| At 31 October 2025 | 205,348 |  | 14,964 |  | 687,950 |  | 739,559 |  | 1,647,821 |  |

| NET BOOK VALUE

| At 31 October 2025 | 1,064,844 |  | 165,417 |  | 272,593 |  | 518,048 |  | 2,020,902 |  |

| At 31 October 2024 | 1,090,248 |  | 171,440 |  | 255,466 |  | 724,358 |  | 2,241,512 |  |

| The net book value of tangible fixed assets includes £ 323,111 (2024 - £ 382,333 ) in respect of assets held under hire purchase contracts.

10. | FIXED ASSET INVESTMENTS

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Comercia Equipment Sales Limited

| Registered office: 40 Mallard Close, Earls Barton, Northampton, England, NN6 0JF

| Nature of business: Dormant Company

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 76,127 |  | 76,127 |  |

| Specialist Product Services Limited

| Registered office: Unit 1b, Gateway Business Park, Beancross Road, Grangemouth, Scotland, FK3 8WX

| Nature of business: Dormant company

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31.3.25 |  | 31.3.24

£ | £ |

| Aggregate capital and reserves | 48,864 |  | 48,864 |  |

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

10. | FIXED ASSET INVESTMENTS - continued

| CES Microcare (Scotland) Limited

| Registered office: Unit 1b, Beancross Road, Grangemouth, Scotland, FK3 8WX

| Nature of business: Dormant company

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31.3.25 |  | 31.3.24

£ | £ |

| Aggregate capital and reserves | 73,085 |  | 73,085 |  |

| The company is a parent company to the above subsidiaries. The trade and assets of these subsidiaries were purchased by Marren upon acquisition and the cost of investment has now been fully impaired as a result. The subsidiaries are now dormant.

11. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 1,598,608 |  | 1,782,558 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,473,623 |  | 1,477,091 |  |

| Other debtors | 347,384 |  | 8,730 |  |

| Prepayments and accrued income | 133,756 |  | 107,858 |  |

1,954,763 |  | 1,593,679 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 15) | 56,996 |  | 62,715 |  |

| Hire purchase contracts (see note 16) | 240,704 |  | 182,706 |  |

| Trade creditors | 743,086 |  | 756,829 |  |

| Amounts owed to group undertakings | 184,308 |  | 184,308 |  |

| Tax | 104,263 |  | - |  |

| Social security and other taxes | 85,060 |  | 92,285 |  |

| VAT | 232,962 |  | 282,105 |  |

| Other creditors | 148,550 |  | 157,171 |  |

| Wages and salaries control | 209,098 |  | 35,536 |  |

| Directors' current accounts | 371,246 |  | 294,152 |  |

| Accruals and deferred income | 75,550 |  | 53,042 |  |

2,451,823 |  | 2,100,849 |  |

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

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

2025 | 2024 |

£ | £ |

| Bank loans (see note 15) | 731,627 |  | 782,669 |  |

| Hire purchase contracts (see note 16) | 91,553 |  | 284,816 |  |

| Directors' loan accounts | 77,659 |  | 317,664 |  |

900,839 |  | 1,385,149 |  |

15. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 56,996 |  | 62,715 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 305,656 |  | 276,636 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 425,971 |  | 506,033 |  |

16. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 240,704 |  | 182,706 |  |

| Between one and five years | 91,553 |  | 284,816 |  |

332,257 |  | 467,522 |  |

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

17. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 788,623 |  | 845,384 |  |

| Hire purchase contracts | 332,257 |  | 467,522 |  |

1,120,880 |  | 1,312,906 |  |

| Bank loan liabilities are first secured against the freehold property by the way of a fixed charge.

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

18. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 223,549 |  | 257,178 |  |

| Deferred |

| tax |

£ |

| Balance at 1 November 2024 | 257,178 |  |

| Credit to Statement of Comprehensive Income during year | (33,629 | ) |

| Balance at 31 October 2025 | 223,549 |  |

19. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 9,900 | Ordinary shares | £1 | 9,900 |  | 9,900 |  |

| 100 | Ordinary A Shares | £1 | 100 |  | 100 |  |

10,000 |  | 10,000 |  |

| Both the Ordinary shares and 'A' Ordinary shares rank pari-passu in all respects with the exception of voting rights. 'A' Ordinary shares have no voting rights on any matter.

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

20. | RESERVES

| Retained

| earnings

£ |

| At 1 November 2024 | 2,350,303 |  |

| Profit for the year | 185,044 |  |

| At 31 October 2025 | 2,535,347 |  |

21. | PENSION COMMITMENTS

| 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.

| Contributions payable in the year amounted to £116,993 (2024 - £141,055).

| At the balance sheet date there were outstanding contributions of £16,958 (2024 - £15,968).

22. | OTHER FINANCIAL COMMITMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Within one year |  | 13,770 |  | 17,087 |  |

| Later than one year and not later than five years |  | 3,886 |  | 16,059 |  |

|  | 17,656 |  | 33,146 |  |

23. | OTHER FINANCIAL COMMITMENTS

| Total financial commitments which are not included in the balance sheet amount to £403,848 (2024 - £621,344). These relate to balances remaining to pay on forward rate contracts which mature after the balance sheet date.

24. | RELATED PARTY DISCLOSURES

| 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.

MARREN MICROWAVE LIMITED (REGISTERED NUMBER: 01940659) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

24. | RELATED PARTY DISCLOSURES - continued

|  | 2025 |  | 2024 |  |

| Sales of assets |  | £ |  | £ |  |

| Entities with control, joint control or significant influence over the company |  | 35,000 |  | - |  |

| Total |  | 35,000 |  | - |  |

|  | 2025 |  | 2024 |  |

| Purchase of assets |  | £ |  | £ |  |

| Entities with control, joint control or significant influence over the company |  | 18,750 |  | 230 |  |

| Total |  | 18,750 |  | 230 |  |

|  | 2025 |  | 2024 |  |

| Balances due |  | £ |  | £ |  |

| Other related parties |  | 5 |  | 5 |  |

| Total |  | 5 |  | 5 |  |

|  | 2025 |  | 2024 |  |

| Balances owing |  | £ |  | £ |  |

| Entities with control, joint control or significant influence over the company |  | 448,904 |  | 611,815 |  |

| Total |  | 448,904 |  | 611,815 |  |

25. | ULTIMATE CONTROLLING PARTY

| The controlling party is I S Marren.

| The ultimate controlling party is I S Marren.