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REGISTERED NUMBER: 05851783 (England and Wales)

AXIS GLOBAL FREIGHT SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

AXIS GLOBAL FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 05851783)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Chartered Accountants' Report | 7 |

AXIS GLOBAL FREIGHT SERVICES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | G D Smallbone

| A J Turner

| SECRETARY: | Kerry Secretarial Services Limited

| REGISTERED OFFICE: | c/o Cox Costello & Horne

| 7 St. Johns Road

| Harrow

| HA1 2EY

| REGISTERED NUMBER: | 05851783 (England and Wales)

| ACCOUNTANTS: | Cox Costello & Horne

| Chartered Accountants and Tax Advisors

| 7 St John's Road

| Harrow

| HA1 2EY

AXIS GLOBAL FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 05851783)

BALANCE SHEET

30 SEPTEMBER 2025

30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 4 | 158,481 |  | 285,632 |  |

CURRENT ASSETS

Debtors | 5 | 942,236 |  | 1,005,707 |  |

Cash at bank and in hand | 891,193 |  | 1,461,726 |  |

1,833,429 |  | 2,467,433 |  |

CREDITORS

Amounts falling due within one year | 6 | 495,228 |  | 624,406 |  |

NET CURRENT ASSETS | 1,338,201 |  | 1,843,027 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,496,682 |  | 2,128,659 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (364,000 | ) | (825,000 | ) |

PROVISIONS FOR LIABILITIES | (39,620 | ) | (71,408 | ) |

NET ASSETS | 1,093,062 |  | 1,232,251 |  |

CAPITAL AND RESERVES

Called up share capital | 250 |  | 250 |  |

Capital redemption reserve | 150 |  | 150 |  |

Retained earnings | 1,092,662 |  | 1,231,851 |  |

SHAREHOLDERS' FUNDS | 1,093,062 |  | 1,232,251 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

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

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

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 Board of Directors and authorised for issue on 23 April 2026 and were signed on its behalf by:

G D Smallbone - Director

AXIS GLOBAL FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 05851783)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Axis Global Freight Services 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.

| The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future; taken to be 12 months from signing the annual accounts. The company therefore continues to adopt the going concern basis in preparing its financial statements.

| Turnover

| Turnover comprises the rendering of services in the ordinary course of the company's activity. Turnover is presented net of value-added tax. Services comprise freight forwarding and related activities. The company recognises turnover when the amount of revenue and related costs can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured.

| Tangible fixed assets

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

| Tangible fixed assets, excluding freehold land and buildings, are initially measured at historic cost and subsequently carried at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring an asset into its intended working condition are included in the measurement of cost.

| Depreciation is provided at rates calculated to write down the cost of each asset to its residual value (its scrap or realistic value at the end of its economic life) on a systematic basis over its useful economic life. The depreciation rates in use are as follows:.

| Long leasehold |  | - |  | 10% |  | straight line |  |

| Improvements to property |  | - |  | 25% |  | reducing balance |  |

| Fixtures and fittings |  | - |  | 25% |  | reducing balance |  |

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

| Computer equipment |  | - |  | 25% |  | reducing balance |  |

| During the year, the company revised the depreciation method applied to forklifts and vans. The method has changed from 25% reducing balance to 25% straight line, as management considers this to provide a more appropriate reflection of the pattern in which the economic benefits of these assets are consumed. This change has been treated as a change in accounting estimate and applied prospectively.

| Updated depreciation rates for these assets are:

| Forklifts |  | - |  | 25% |  | straight line |  |

| Vans |  | - |  | 25% |  | straight line |  |

| Other fixed assets continue to be depreciated at the rates stated above.

AXIS GLOBAL FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 05851783)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| a) Debtors

| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

| b) Creditors

| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

| c) Cash at bank

| Cash and bank balances are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Cash and bank balances are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Taxation

| The tax expense for the year comprises current and deferred tax.

| Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

| Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

| - |  | the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and |  |

| - |  | any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. |  |

| Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| 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.

| 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

| The company makes contributes into the personal retirement schemes of certain staff. Contributions by the company and staff are determined by mutual agreement.

| The company must put certain staff into a pension scheme and contribute towards it. This is called automatic enrolment. To comply with automatic enrolment laws, the company signed a participation agreement with a pension provider by which staff become members of an independently administered pension plan. The company and staff make contributions as specified in the plan.

| In the aforementioned schemes, staff contract directly with the pension company, and assets of those schemes are held separately from those of the company. The company acts as agent in collecting and paying over staff pension contributions. Once the contributions have been paid, the company as employer has no further obligations.

| The company's contributions are charged to the profit or loss in the period to which they relate.

AXIS GLOBAL FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 05851783)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 25 (2024 - 27 ) .

4. | TANGIBLE FIXED ASSETS

Plant and |

Land and | machinery |

buildings | etc | Totals |

| £ | £ | £

| COST

| At 1 October 2024 | 16,773 |  | 625,942 |  | 642,715 |  |

| Additions | - |  | 38,764 |  | 38,764 |  |

| At 30 September 2025 | 16,773 |  | 664,706 |  | 681,479 |  |

| DEPRECIATION

| At 1 October 2024 | 9,183 |  | 347,900 |  | 357,083 |  |

| Charge for year | 1,678 |  | 164,237 |  | 165,915 |  |

| At 30 September 2025 | 10,861 |  | 512,137 |  | 522,998 |  |

| NET BOOK VALUE

| At 30 September 2025 | 5,912 |  | 152,569 |  | 158,481 |  |

| At 30 September 2024 | 7,590 |  | 278,042 |  | 285,632 |  |

5. | DEBTORS

30.9.25 | 30.9.24 |

| £ | £

| Amounts falling due within one year:

| Trade debtors | 787,143 |  | 818,187 |  |

| Other debtors | 132,093 |  | 187,520 |  |

919,236 |  | 1,005,707 |  |

| Amounts falling due after more than one year:

| Other debtors | 23,000 |  | - |  |

| Aggregate amounts | 942,236 |  | 1,005,707 |  |

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

30.9.25 | 30.9.24 |

| £ | £

| Trade creditors | 263,796 |  | 291,996 |  |

| Taxation and social security | 51,086 |  | 209,779 |  |

| Other creditors | 180,346 |  | 122,631 |  |

495,228 |  | 624,406 |  |

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

30.9.25 | 30.9.24 |

| £ | £

| Amounts owed to participating interest | 364,000 |  | 825,000 |  |

AXIS GLOBAL FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 05851783)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

8. | LEASING AGREEMENTS

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

30.9.25 | 30.9.24 |

| £ | £

| Within one year | 376,336 |  | 376,336 |  |

| Between one and five years | 835,582 |  | 1,211,918 |  |

1,211,918 |  | 1,588,254 |  |

| Respective lease agreements have future rent review dates. Future lease payments are estimated and will change upon rent reviews being undertaken and agreed.

9. | RELATED PARTY DISCLOSURES

| During the reporting period, services rendered to the company by related parties totalled £167,500 (2024: £163,000). At the reporting date, outstanding balance was £167,500 (2024 £100,000).

| At the reporting date, the amount due to a participating company was £364,000 (2024:£825,000). The amount is an unsecured convertible loan note. Loan notes attract interest at 5.5% per annum, with no fixed terms of repayment and is considered payable on demand.

| The company directors are considered to be common key management personnel.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

AXIS GLOBAL FREIGHT SERVICES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Axis Global Freight Services Limited for the year ended 30 September 2025 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Axis Global Freight Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Axis Global Freight Services Limited and state those matters that we have agreed to state to the Board of Directors of Axis Global Freight Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Axis Global Freight Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Axis Global Freight Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Axis Global Freight Services Limited. You consider that Axis Global Freight Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Axis Global Freight Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cox Costello & Horne

Chartered Accountants and Tax Advisors

7 St John's Road

Harrow

HA1 2EY

23 April 2026