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

2025 was a year of significant scale up and strategic investment for Kanso Facilities Management Limited Group of Companies, characterised by strong revenue growth, continued expansion of the workforce, and focused investment to support sustainable long term delivery.

Turnover increased to £19.54 million (2024: £14.71 million), driven by new contract wins, organic growth within existing client relationships and the continued expansion of the group's service offering across contract cleaning and facilities support activities.

Gross profit increased to £3.06 million (2024: £2.61 million). As the business expanded, the group invested in workforce capacity, mobilisation and operational resilience to support service quality and future growth.

Operating profit for the year was £1.18 million (2024: £1.58 million), with profit after taxation of £0.83 million (2024: £1.18 million).

The group maintained a strong financial position, ending the year with cash at bank of £0.94 million (2024: £0.73 million) and remaining free of bank term debt.

The company’s strategy is focused on scalable, people led growth, underpinned by disciplined financial management and strong governance.

The key strategic priorities during 2025 were:

• Client led growth: prioritising long term contractual relationships and service quality

• Workforce resilience: expanding directly employed operational teams to protect consistency and service standards

• Operational infrastructure: continued investment in systems, equipment and digital platforms to support compliance, efficiency and transparency

• Structural development: continued development of Kanso FM EU & Ireland Limited and participation in Curo Facilities Services Limited, a 50% joint venture, providing optionality for future growth and service diversification

The directors regularly review the principal risks facing the business and the mitigation measures in place.

Labour availability and cost pressures

The facilities management sector continues to experience labour shortages and wage inflation. This risk is mitigated through Living Wage alignment, workforce planning, retention initiatives and a focus on direct employment.

Client concentration and retention

The loss of a significant client could impact revenue. This risk is mitigated through strong account management, diversified sector exposure and high service standards.

Working capital and liquidity

Growth increases working capital requirements. This is mitigated through strong cash controls, debtor management and maintenance of appropriate liquidity headroom.

Regulatory and compliance risk

Health and safety, employment law and data protection are critical areas for the business. The company maintains dedicated compliance oversight and ongoing training programmes.

Environmental, social and governance (ESG) and sustainability

ESG considerations form an integral part of Kanso’s long term strategy, operational model and value proposition to clients.

Environmental performance and carbon footprint

During 2025, Kanso completed a comprehensive assessment of its organisational carbon footprint. The group’s total reported carbon footprint was 1,824.3 tonnes CO₂e.

Emissions primarily arise from Scope 3 activities typical of labour intensive service businesses, including employee commuting, purchased goods and services, business travel and capital goods.

No Scope 1 emissions were reported, and Scope 2 emissions were negligible, reflecting the company’s remote first management model, absence of energy intensive fixed operations, and limited reliance on owned premises.

When benchmarked against comparable facilities management providers on a revenue adjusted basis, Kanso’s carbon footprint is approximately 90% lower than industry peers, a position the directors consider a structural advantage.

Environmental management and future focus

The group continues to focus on controllable environmental levers, including:

• Reducing employee commuting emissions through local recruitment and flexible scheduling

• Engaging suppliers to reduce embodied carbon in consumables and equipment

• Maintaining a virtual first approach to meetings, audits and reporting

In 2026, the group intends to further develop emissions intensity tracking and client level carbon reporting where required.

Social responsibility and workforce practices

Kanso’s social impact is delivered primarily through its employment practices and workforce engagement.

The group employed an average of 773 people during the year (2024: 606), reflecting growth and increased insourcing to protect service consistency and quality.

Financial wellbeing and employee support

In 2025, Kanso introduced Stream (formerly Wagestream) as a core benefit available to all employees, enabling colleagues to access earned pay flexibly and improve financial resilience.

In addition, all employees have access to a confidential Employee Assistance Programme (EAP) provided by Health Assured, offering:

• 24/7 mental health and wellbeing support

• Counselling services

• Legal, financial and debt management guidance

Benefits, reward and recognition

• Life insurance is provided to all managers at five times annual salary, supporting financial security for families and dependants.

• Monthly vouchers are awarded to recognise top performing site based employees.

• An annual group conference is held to recognise and celebrate outstanding contract managers for service excellence and leadership.

Fair pay, inclusion and development

Further workforce commitments include:

• Alignment with Living Wage principles

• Structured onboarding and role specific training

• Inclusive recruitment and retention practices

• Clear progression pathways across operational and management roles

The directors believe that stable, supported and recognised employment directly underpins client satisfaction and service continuity.

Governance and ESG oversight

ESG oversight sits with the Board and senior management team. ESG performance, including carbon reporting and workforce metrics, is reviewed alongside financial and operational performance. Supplier and partner expectations are aligned with the company’s ethical and environmental standards.

Future outlook

The contracted revenue base entering 2026 is significantly higher than the prior year. The directors expect that the investments made during 2025 in workforce, systems and governance will support continued operational strength and sustainable growth over the medium term.

The group remains well positioned to meet increasing client expectations around ESG performance, workforce stability and transparency

On behalf of the board

The directors present their annual report and financial statements for the year ended 31 December 2025.

The principal activity of the company continued to be that of combined facilities support activities.

The results for the year are set out on page 11.

Ordinary dividends were paid amounting to £215,554. The directors do not recommend payment of a further dividend.

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

The groups finance function is responsible for managing the liquidity, interest and foreign currency risks associated with the group’s activities.

The group manages its cash and borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring the group has sufficient liquid resources to meet the operating needs of the business.

The group is exposed to interest rate risk on its borrowings. The group uses cashflow management so as to reduce its exposure to changes in interest rates.

The group’s principal foreign currency exposures arise from trading with overseas companies and a foreign subsidiary.

Investments of cash surpluses are made through banks which must be approved by the Board.

All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtors are monitored on an ongoing basis and provision is made for doubtful debts where necessary.

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

The group's policy is to consult and discuss with employees at meetings matters likely to affect employees' interests.

Information about matters of concern to employees is given to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

There is an employee share scheme in operation as a means of further encouraging the involvement of senior employees in the group's performance.

The group expects to grow through increased customer demand and increased market share.

Craufurd Hale Audit Services Limited were appointed as auditor to the group and in accordance with section 485 of the Companies Act 2006.

As the group has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.

The directors are responsible for preparing the Annual Report 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 prepared the group and parent company 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 group and parent company, and of the profit or loss of the group 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;

• state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent 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 group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 auditor of the company 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 auditor of the company is aware of that information.

We have audited the financial statements of Kanso Facilities Management Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows 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 group's and the parent company's affairs as at 31 December 2025 and of the group's 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 group and parent 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 group's and parent 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

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

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

• the parent company 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.

As explained more fully in the directors' responsibilities statement, 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 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 directors are responsible for assessing the group's and parent 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 group or parent company or to cease operations, or have 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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including non-compliance with laws and regulations, was as follows:

• the engagement director ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• we identified the laws and regulations applicable to the company through discussions with management, and from our commercial knowledge and experience;

• we focussed on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery and employment legislation;

• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal fee expenditure; and

• identified laws and regulations were communicated within the audit team and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

• performed analytical procedures to identify any unusual or unexpected relationships;

• tested journal entries to identify unusual transactions;

• assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

• investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• agreeing financial statements disclosures to underlying supporting documentation;

• reading the minutes of meetings of those charged with governance; and

• enquiring of management as to actual and potential litigation and claims.

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 management and 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 is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the parent 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 parent 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 parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

As permitted by section 408 of the Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £832,916 (2024 - £1,176,842 profit).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

Kanso Facilities Management Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is C/O Craufurd Hale Group, Ground Floor, Arena Court, Crown Lane, MAIDENHEAD, SL6 8QZ.

The group consists of Kanso Facilities Management Limited and all of its subsidiaries.

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.

In the parent company financial statements, the cost of a business combination is the fair value at the acquisition date of the equity instruments issued.

The consolidated group financial statements consist of the financial statements of the parent company Kanso Facilities Management Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 December 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

At the time of approving the financial statements, the directors have a reasonable expectation that the group and parent company have adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

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.

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.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion can be estimated reliably.

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

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 recognised in the profit and loss account.

Interests in subsidiaries are measured at cost.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

The group 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 group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

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 group after deducting all of its liabilities.

Basic financial liabilities, including creditors and bank loans are recognised at transaction price including transaction costs.

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.

Equity instruments issued by the group 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 group.

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

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 group’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.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled. Deferred tax is charged or credited in the profit and loss account.

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

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

The company participates in a share-based payment arrangement granted to its employees as detailed in note 22.

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 group’s accounting policies, the directors are 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 average monthly number of persons (including directors) employed by the group and 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 2 (2024 - 1).

The number of directors who are entitled to receive shares under long term incentive schemes during the year was 1 (2024 - 1).

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:

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

Details of joint ventures at 31 December 2025 are as follows:

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

The deferred tax liability set out above is expected to reverse and relates to accelerated capital allowances.

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

There were 111,111 share options granted in the year ended 31 December 2023. No options were forfeited, exercised or expired during the current or prior year.

The options outstanding at 31 December 2025 had an exercise price of £0.409 and a remaining contractual life of 10 years from 11 November 2023. The vesting period and exercise date is determined by pre-specified exercise conditions.

On the basis of materiality, no share-based payment expense has been recognised in the profit and loss account for the year or liability recognised in the balance sheet.

On 27 May 2025 1,000,000 Ordinary £0.0001 shares were redesignated into 900,000 Ordinary £0.0001 A shares and 100,000 Ordinary £0.0001 B shares.

Ordinary A shares and Ordinary B shares have equal voting rights and to receive dividends per class of share with Ordinary A shares having rights to distributions on wind up.

Legal assignments of contract monies are in place with the company's bank.

Fixed and floating charges are in place with the company's bank and invoice financers.

Amounts contracted for but not provided in the financial statements:

Kanso Facilities Management Limited holds 50% of the voting rights in Curo Facilities Services Limited.

Included in amounts owed by undertakings in which the company has a participating interest at the balance sheet date is £38,373 due from Curo Facilities Services Limited to Kanso Facilities Management Limited.

Included in other operating income for the year ended 31 December 2025 is £90,592 management charges charged to Curo Facilities Services Limited by Kanso Facilities Management Limited.

Dividends totalling £215,554 (2024 - £493,500) were paid in the year in respect of shares held by the company's directors and close family members.

Kanso Facilities Management Limited advanced a loan of £93,500 to a director and majority shareholder on 19 December 2025. The loan bears interest at 3.75% per annum and is repayable on demand or no later than 18 December 2026. The balance outstanding as at 31 December 2025 was £93,500.