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REGISTERED NUMBER: 00825995 (England and Wales)

| Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Pipe Tool Specialists Limited |

| Pipe Tool Specialists Limited (Registered number: 00825995) |

Contents of the Financial Statements

for the year ended 31 December 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Pipe Tool Specialists Limited |

Company Information

for the year ended 31 December 2025

| DIRECTOR: | Mr S G Stefaniuk

| REGISTERED OFFICE: | Dixon Way

| Dixon Street

| LINCOLN

| Lincolnshire

| LN6 7XL

| REGISTERED NUMBER: | 00825995 (England and Wales)

| ACCOUNTANTS: | Nicholsons

| Chartered Accountants

| Newland House

| The Point

| Weaver Road

| LINCOLN

| Lincolnshire

| LN6 3QN

| BANKERS: | Lloyds Bank Plc

| 202 High Street

| LINCOLN

| Lincolnshire

| LN5 7AP

| Pipe Tool Specialists Limited (Registered number: 00825995) |

Abridged Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 101,349 |  | 70,741 |  |

Investments | 5 | 2,100 |  | 2,100 |  |

103,449 |  | 72,841 |  |

CURRENT ASSETS

Stocks | 626,668 |  | 628,028 |  |

Debtors | 607,879 |  | 518,566 |  |

Cash at bank and in hand | 433,766 |  | 789,027 |  |

1,668,313 |  | 1,935,621 |  |

CREDITORS

Amounts falling due within one year | 595,299 |  | 588,956 |  |

NET CURRENT ASSETS | 1,073,014 |  | 1,346,665 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,176,463 |  | 1,419,506 |  |

PROVISIONS FOR LIABILITIES | 23,261 |  | 15,906 |  |

NET ASSETS | 1,153,202 |  | 1,403,600 |  |

CAPITAL AND RESERVES

Called up share capital | 18,673 |  | 18,673 |  |

Share premium | 440,448 |  | 440,448 |  |

Retained earnings | 694,081 |  | 944,479 |  |

SHAREHOLDERS' FUNDS | 1,153,202 |  | 1,403,600 |  |

| Pipe Tool Specialists Limited (Registered number: 00825995) |

Abridged Balance Sheet - continued

31 December 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 May 2026 and were signed by:

Mr S G Stefaniuk - Director

| Pipe Tool Specialists Limited (Registered number: 00825995) |

Notes to the Financial Statements

for the year ended 31 December 2025

1. | STATUTORY INFORMATION

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

| Preparation of consolidated financial statements

| The financial statements contain information about Pipe Tool Specialists Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

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

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant asset hire | - | at variable rates on reducing balance

| Short leasehold | - | 10% on cost

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 20% on cost and 15-25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

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

| Pipe Tool Specialists Limited (Registered number: 00825995) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

| Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

| Cash at bank is classified as a basic financial instrument and is measured at transaction price.

| Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Operating leases

| Rental income from operating leases is recognised on a straight line basis over the term of the lease.

| Pipe Tool Specialists Limited (Registered number: 00825995) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 19 (2024 - 19 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 January 2025 | 259,082 |  |

| Additions | 64,818 |  |

| Disposals | (38,979 | ) |

| At 31 December 2025 | 284,921 |  |

| DEPRECIATION

| At 1 January 2025 | 188,341 |  |

| Charge for year | 23,638 |  |

| Eliminated on disposal | (28,407 | ) |

| At 31 December 2025 | 183,572 |  |

| NET BOOK VALUE

| At 31 December 2025 | 101,349 |  |

| At 31 December 2024 | 70,741 |  |

5. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 2,100 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,100 |  |

| At 31 December 2024 | 2,100 |  |

6. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | - |  | 5,138 |  |

| Pipe Tool Specialists Limited (Registered number: 00825995) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

6. | LEASING AGREEMENTS - continued

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 68,111 |  | 17,500 |  |

7. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire Purchase | - |  | 5,138 |  |

| Hire purchase agreements are secured on the asset to which they relate.