IRIS Accounts Production v26.1.0.640 09327179 director 30.9.25 1.10.24 30.9.25 30.9.25 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. true true true false true true false false false true false Fair value model Ordinary A 0 Ordinary B 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09327179 2024-09-30 09327179 2025-09-30 09327179 2024-10-01 2025-09-30 09327179 2023-09-30 09327179 2023-10-01 2024-09-30 09327179 2024-09-30 09327179 ns15:EnglandWales 2024-10-01 2025-09-30 09327179 ns14:PoundSterling 2024-10-01 2025-09-30 09327179 ns10:Director1 2024-10-01 2025-09-30 09327179 ns10:Consolidated 2025-09-30 09327179 ns10:ConsolidatedGroupCompanyAccounts 2024-10-01 2025-09-30 09327179 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 09327179 ns10:Consolidated ns10:MediumEntities 2024-10-01 2025-09-30 09327179 ns10:Consolidated ns10:Audited 2024-10-01 2025-09-30 09327179 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 09327179 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-10-01 2025-09-30 09327179 ns10:Consolidated 2024-10-01 2025-09-30 09327179 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 09327179 ns10:Medium-sizedCompaniesRegimeForAccounts ns10:Consolidated 2024-10-01 2025-09-30 09327179 ns10:FullAccounts 2024-10-01 2025-09-30 09327179 ns5:Subsidiary1 2024-10-01 2025-09-30 09327179 ns10:OrdinaryShareClass1 2024-10-01 2025-09-30 09327179 ns10:OrdinaryShareClass2 2024-10-01 2025-09-30 09327179 ns10:RegisteredOffice 2024-10-01 2025-09-30 09327179 ns10:Consolidated 2023-10-01 2024-09-30 09327179 ns5:CurrentFinancialInstruments 2025-09-30 09327179 ns5:CurrentFinancialInstruments 2024-09-30 09327179 ns5:ShareCapital 2025-09-30 09327179 ns5:ShareCapital 2024-09-30 09327179 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 09327179 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 09327179 ns5:CostValuation 2024-09-30 09327179 1 ns5:Subsidiary1 2024-10-01 2025-09-30 09327179 ns5:Subsidiary1 2025-09-30 09327179 ns5:Subsidiary1 2024-09-30 09327179 ns5:Subsidiary1 2023-10-01 2024-09-30 09327179 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 09327179 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 09327179 ns10:OrdinaryShareClass1 2025-09-30 09327179 ns10:OrdinaryShareClass2 2025-09-30 09327179 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 09327179 ns5:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30

REGISTERED NUMBER: 09327179 (England and Wales)

Group Strategic Report, Report of the Director and

Consolidated Financial Statements for the Year Ended 30 September 2025

for

12 Bore Investments limited

12 Bore Investments limited (Registered number: 09327179)

Contents of the Consolidated Financial Statements

for the Year Ended 30 September 2025

Page |

Company Information | 1 |

Group Strategic Report | 2 |

Report of the Director | 4 |

Report of the Independent Auditors | 6 |

Consolidated Statement of Income and Retained Earnings | 10 |

Consolidated Balance Sheet | 11 |

Company Balance Sheet | 12 |

Consolidated Cash Flow Statement | 13 |

Notes to the Consolidated Cash Flow Statement | 14 |

Notes to the Consolidated Financial Statements | 15 |

12 Bore Investments limited

Company Information

for the Year Ended 30 September 2025

| DIRECTOR: | C R Caswell

| REGISTERED OFFICE: | Unit 1 The Cam Centre

| Wilbury Way

| Hitchin

| Hertfordshire

| SG4 0TW

| REGISTERED NUMBER: | 09327179 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Emma Fraser FCA

| AUDITORS: | Bracey's Accountants (Audit) Limited

| Statutory Auditor, Chartered Accountants

| Unit 1 The Cam Centre

| Wilbury Way

| Hitchin

| Hertfordshire

| SG4 0TW

12 Bore Investments limited (Registered number: 09327179)

Group Strategic Report

for the Year Ended 30 September 2025

The director presents his strategic report of the company and the group for the year ended 30 September 2025.

REVIEW OF BUSINESS

The director is pleased to report that 2025 has been a profitable year for the group, despite the difficult trading conditions. The challenges in 2025 included ongoing geo-political instability, pressure in the skilled labour market, ongoing regulatory compliance requirements and material price volatility. In addition to this, a number of larger commercial projects were delayed given current macro-economic pressures in the UK. Despite these challenges, the director believes that given their strong reputation within the industry, there will be more opportunities in the coming year for their highly skilled services especially as the larger projects begin to come on-stream.

Revenues decreased in the period by 27.7% compared to the previous year. This is a result of the timing of project completion in 2024. Gross profit has increased from 17.6% to 18.4% in the current year. The improvement in margin is a result of the director's commitment to controlling operational costs combined with the underlying mix of projects. Overall liquidity has also improved with the liquidity ratio at 1.44 compared to 1.27 at the end of the prior year.

In the light of the challenges faced by the group, the director has taken a number of measures to monitor and mitigate the ongoing risks presented by rising costs, skilled labour shortages and material supply chain disruption. In order to mitigate these risks, cost mitigation strategies have been introduced, which include a reduction in overheads and third party expenditure where practicable. In addition, ongoing investment in staff training and operational efficiencies have been implemented which continue to have positive impact in gross profit margins.

Given the nature of the group activities and proven resilience of the business, the director believes that these short term challenges can be managed. The group has sufficient cash reserves combined with a positive balance sheet to ensure that business continues to operate for the longer term.

The group's subsidiary company is the main trade within the group. The director has steered the subsidiary business to be that of a fully integrated solution in terms of larger projects. The business is that of a licenced asbestos removal company combined with complex asbestos remediation in high hazard environments. To support these core activities, the subsidiary has diversified into demolition and strip out support combined with other essential ancillary support.

This puts the group very much in the league to compete on larger industrial projects such as power stations, steel works, rail infrastructure, heavy industrial plants and more complex redevelopment schemes.

The director asserts that the group operates at the highest level in terms of standards and is committed to CSR and ESG initiatives. During the previous year, measurable environmental impact included:

- 96 tress funded through restoration projects

- 18 tonnes of Co2 avoided

- 0.09 tonnes of Co2 removed

- 9m2 of natural habitat restored

These outcomes (which have been independently verified) demonstrate that the group is more than just committed to sustainability, it is an active contributor to overall wellbeing.

Through the commitment to environmental impact and highest level of standards and accreditations in the industry, the business is focused on larger value projects. The group is well placed to deliver increased revenues and profitability from its highly skilled and specialist team and commitment to project efficiencies, cost mitigation and diversified offering.

12 Bore Investments limited (Registered number: 09327179)

Group Strategic Report

for the Year Ended 30 September 2025

PRINCIPAL RISKS AND UNCERTAINTIES

Business risks

The group operates in the highly regulated market of asbestos removal services, in which there are risks of competition from within the UK and of overseas supply combined with non compliance with industrial regulations. The group mitigates these risks and differentiates itself by focusing on innovative design, technical expertise, customer service and continual monitoring of compliance with all appropriate regulations to ensure services delivered, combined with the director's belief that the staff of all ages and skills are exemplary.

Financial risks

The group's principal financial instruments comprise bank balances, other debtors and other creditors. The main purpose of these instruments is to finance the group's operations. The nature of the financial instruments used by the group is such that their market value does not fluctuate as a result of changes in market prices. The group's approach to managing other risks applicable to the financial instruments concerned is included within the directors' report.

The group also faces wage pressure given the highly skilled workforce combined with inflationary pressures in the UK economy. The director regularly reviews salary levels to ensure that they remain competitive to attract and retain talent. In addition, rising costs are reviewed in conjunction with investments in technology to drive efficiencies and an overall review of the pricing structure for the group's services.

The group also has a robust cash management strategy to ensure that any such risks arising can be managed from existing reserves.

ON BEHALF OF THE BOARD:

C R Caswell - Director

18 May 2026

12 Bore Investments limited (Registered number: 09327179)

Report of the Director

for the Year Ended 30 September 2025

The director presents his report with the financial statements of the company and the group for the year ended 30 September 2025.

PRINCIPAL ACTIVITIES

The principal activities of the group in the year under review were those of an investment company. The company's subsidiary's principal activity, which make up the group, is that of a licenced asbestos removal company combined with complex asbestos remediation in high hazard environments.

DIVIDENDS

An interim dividend of £29,605 per share on the Ordinary A £1 shares was paid on 30 September 2025. The director recommends that no final dividend be paid on these shares.

No interim dividend was paid on the Ordinary B £1 shares. The director recommends that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 30 September 2025 will be £ 29,605 .

FUTURE DEVELOPMENTS

So far, the new financial year continues to bring significant uncertainty given the ongoing geo-political instability, global inflation and the impact of higher costs as a result of the UK government's approach to employment related taxes. This global economic turbulence does not look to be ending in the short term, especially in the light of the growing crisis in the Middle East. Looking at macro-economic trends, this has seen volatility in foreign currency rates and downward pressures on global interest rates following low economic growth. Given the underlying UK inflationary pressures, it seems likely that interest rates may remain marginally higher for longer and wage pressures not disappearing in the short term. These trends are also expected to lead to challenges to liquidity in the coming months as suppliers and customers will face their own cash flow issues. The foreign policy in the USA has already seen the implementation of trade tariffs that could lead to a trade war. Coupled with this, the new crisis in the Middle East has already had an impact on global oil prices which will filter down to factory costs. These uncertainties combined with low business and consumer confidence in the UK points to continued slow economic growth in the short term.

The UK government has pledged commitment to large infrastructure projects and defence spending has already increased. The delayed infrastructure projects are expected to come onstream in the coming months which offers large commercial opportunities to Omega.

Inflation continues to be a key risk following supply chain disruption caused geo-political events, including the new crisis in the Middle East. The group faces material price volatility and the risk of rising energy costs together with ongoing pressures from the labour market. Labour costs are also still being driven upwards given the short supply of highly skilled staff in the market as well as ongoing cost of living pressure fuelled by tax rises, domestic energy costs and sustained higher interest rates.

The director asserts that they have a strong balance sheet that is robust enough to withstand volatility. The group has substantial cash balances, net assets and is historically profitable. In addition, the director also feels the ongoing risk mitigation strategies will be adequate in dealing with any new risks that may manifest in the coming years. The group has also continued to enhance procurement strategies in order to manage short term material price volatility and access to highly skilled labour.

The director has committed to the continued delivery of the highest possible standards on all projects. This will be achieved through improved continuity of workload, resource utilisation, focus on margins through integrated services and commitment to environmental standards and sustainability.

DIRECTOR

C R Caswell held office during the whole of the period from 1 October 2024 to the date of this report.

12 Bore Investments limited (Registered number: 09327179)

Report of the Director

for the Year Ended 30 September 2025

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group 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 director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

C R Caswell - Director

18 May 2026

Report of the Independent Auditors to the Members of

12 Bore Investments limited

Opinion

We have audited the financial statements of 12 Bore Investments limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 30 September 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 director's 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 the 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 director with respect to going concern are described in the relevant sections of this report.

Other matters

This is the first year the group has been subject to a statutory audit, as such, the comparative figures have not been audited.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, 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 Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

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

Report of the Independent Auditors to the Members of

12 Bore Investments limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

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 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 director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page five, the director is 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 director determines 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 director is responsible for assessing the group's and the 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 director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

12 Bore Investments 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 obtained an understanding of the legal and regulatory frameworks within which the group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006 together with the Financial Reporting Standard applicable in the UK and Ireland (FRS102). In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the group's ability to operate for example health and safety policies and procedures, taxation legislation and employment legislation.

In identifying and addressing the risk of material misstatement in respect of irregularities, including fraud and non compliance with laws and regulations, our audit procedures performed included, but were not limited to the following: review of the financial statements and disclosures to underlying supporting documentation, obtained an understanding of laws and regulations that affect the company both directly in the financial statements and its operations, undertaking a walk through test of key controls that are in operation, review and enquiries into journal entries processed during the period under review, evaluation and consideration of areas where the potential for management bias exists, enquiries of management and key personnel, performance of analytical review and reviewing the findings of testing, review of costs, documents obtained and engaging in discussions to ensure consistency is evident in the findings documented.

Our work was directed where management applies significant judgement within the financial statements - construction contract recognition. This involves estimating the outcome of a job so as to recognise revenue in line with the stage of completion of that job (with reference to costs incurred), this requires profitability within the job to be estimated reliably and reviewed/updated regularly.

Our audit procedures to address specific risks related to construction contracts included, but were not limited to:

* Evaluating the internal controls to prevent and detect fraud and revenue recognition

* Testing the completeness and accuracy of cost estimates and other critical inputs to the percentage of completion calculation

* Reviewing management's assumptions and estimates for bias or inconsistency

* Performing detailed analytical procedures to identify unusual trends or significant variations in related costs and revenue

* Reviewing post year end activity against estimations applied at the year end

* Reviewing the outcome of the prior years projects and the accuracy of estimations applied

Our audit did not identify any instances of fraud or irregularities that materially affect the financial statements. However, due to the inherent estimation risks in long term contracts, there is an inherent risk that future results may differ from management's current estimates.

There are inherent limitations in the audit procedures described above as irregularities in relation to fraud are by nature difficult to detect as it would likely have occurred through deliberate concealment and could involve collusion and deliberate misrepresentations. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non compliance with laws and regulations.

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.

Report of the Independent Auditors to the Members of

12 Bore Investments limited

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.

Emma Fraser FCA (Senior Statutory Auditor)

for and on behalf of Bracey's Accountants (Audit) Limited

Statutory Auditor, Chartered Accountants

Unit 1 The Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

25 May 2026

12 Bore Investments limited (Registered number: 09327179)

Consolidated Statement of Income and Retained Earnings

for the Year Ended 30 September 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 13,186,598 |  | 18,226,319 |  |

Cost of sales | 10,761,530 |  | 15,016,000 |  |

GROSS PROFIT | 2,425,068 |  | 3,210,319 |  |

Administrative expenses | 2,190,395 |  | 2,596,054 |  |

OPERATING PROFIT | 5 | 234,673 |  | 614,265 |  |

Interest receivable and similar income | 6 | 884 |  | 729 |  |

235,557 |  | 614,994 |  |

Interest payable and similar expenses | 7 | 154,892 |  | 52,673 |  |

PROFIT BEFORE TAXATION | 80,665 |  | 562,321 |  |

Tax on profit | 8 | 31,944 |  | 188,629 |  |

PROFIT FOR THE FINANCIAL YEAR | 48,721 |  | 373,692 |  |

Retained earnings at beginning of year | 1,554,421 |  | 1,265,929 |  |

Dividends | 10 | (29,605 | ) | (85,200 | ) |

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR | 1,573,537 |  | 1,554,421 |  |

Profit attributable to:

Owners of the parent | 48,721 |  | 373,692 |  |

12 Bore Investments limited (Registered number: 09327179)

Consolidated Balance Sheet

30 September 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 11 | 293,394 |  | 381,052 |  |

Investments | 12 | - |  | - |  |

Investment property | 13 | 227,775 |  | 227,775 |  |

521,169 |  | 608,827 |  |

CURRENT ASSETS

Stocks | 14 | 23,691 |  | 32,039 |  |

Debtors | 15 | 3,578,894 |  | 5,604,362 |  |

Cash at bank | 255,232 |  | 211,435 |  |

3,857,817 |  | 5,847,836 |  |

CREDITORS

Amounts falling due within one year | 16 | 2,682,780 |  | 4,613,616 |  |

NET CURRENT ASSETS | 1,175,037 |  | 1,234,220 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,696,206 |  | 1,843,047 |  |

CREDITORS

Amounts falling due after more than one year | 17 | (118,928 | ) | (267,699 | ) |

PROVISIONS FOR LIABILITIES | 21 | (3,641 | ) | (20,827 | ) |

NET ASSETS | 1,573,637 |  | 1,554,521 |  |

CAPITAL AND RESERVES

Called up share capital | 22 | 100 |  | 100 |  |

Retained earnings | 23 | 1,573,537 |  | 1,554,421 |  |

SHAREHOLDERS' FUNDS | 1,573,637 |  | 1,554,521 |  |

The financial statements were approved by the director and authorised for issue on 18 May 2026 and were signed by:

C R Caswell - Director

12 Bore Investments limited (Registered number: 09327179)

Company Balance Sheet

30 September 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 11 | - |  | - |  |

Investments | 12 | 100 |  | 100 |  |

Investment property | 13 | 227,775 |  | 227,775 |  |

227,875 |  | 227,875 |  |

CURRENT ASSETS

Debtors | 15 | 223,387 |  | 261,181 |  |

Cash at bank | 50,235 |  | 8,513 |  |

273,622 |  | 269,694 |  |

CREDITORS

Amounts falling due within one year | 16 | 1,811 |  | 1,490 |  |

NET CURRENT ASSETS | 271,811 |  | 268,204 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 499,686 |  | 496,079 |  |

CAPITAL AND RESERVES

Called up share capital | 22 | 100 |  | 100 |  |

Retained earnings | 23 | 499,586 |  | 495,979 |  |

SHAREHOLDERS' FUNDS | 499,686 |  | 496,079 |  |

Company's profit for the financial year | 33,212 |  | 88,217 |  |

The financial statements were approved by the director and authorised for issue on 18 May 2026 and were signed by:

C R Caswell - Director

12 Bore Investments limited (Registered number: 09327179)

Consolidated Cash Flow Statement

for the Year Ended 30 September 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 344,831 |  | 52,004 |  |

Interest paid | (143,464 | ) | (45,673 | ) |

Interest element of hire purchase payments paid | (11,428 | ) | (7,000 | ) |

Tax paid | (82,671 | ) | (2,726 | ) |

Net cash from operating activities | 107,268 |  | (3,395 | ) |

Cash flows from investing activities

Purchase of tangible fixed assets | (45,308 | ) | (27,880 | ) |

Sale of tangible fixed assets | - |  | 8,745 |  |

Interest received | 884 |  | 729 |  |

Net cash from investing activities | (44,424 | ) | (18,406 | ) |

Cash flows from financing activities

Capital repayments in year | 10,558 |  | 169,018 |  |

Equity dividends paid | (29,605 | ) | (85,200 | ) |

Net cash from financing activities | (19,047 | ) | 83,818 |  |

Increase in cash and cash equivalents | 43,797 |  | 62,017 |  |

Cash and cash equivalents at beginning of year | 2 | 211,435 |  | 149,418 |  |

Cash and cash equivalents at end of year | 2 | 255,232 |  | 211,435 |  |

12 Bore Investments limited (Registered number: 09327179)

Notes to the Consolidated Cash Flow Statement

for the Year Ended 30 September 2025

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

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 80,665 |  | 562,321 |  |

| Depreciation charges | 47,217 |  | 31,002 |  |

| Profit on disposal of fixed assets | - |  | (1,549 | ) |

| Finance costs | 154,892 |  | 52,673 |  |

| Finance income | (884 | ) | (729 | ) |

281,890 |  | 643,718 |  |

| Decrease/(increase) in stocks | 8,348 |  | (4,195 | ) |

| Decrease/(increase) in trade and other debtors | 2,025,465 |  | (1,645,902 | ) |

| (Decrease)/increase in trade and other creditors | (1,970,872 | ) | 1,058,383 |  |

| Cash generated from operations | 344,831 |  | 52,004 |  |

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 30 September 2025

| 30.9.25 |  | 1.10.24

£ | £ |

| Cash and cash equivalents | 255,232 |  | 211,435 |  |

| Year ended 30 September 2024

| 30.9.24 |  | 1.10.23

£ | £ |

| Cash and cash equivalents | 211,435 |  | 149,418 |  |

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1.10.24 | Cash flow | At 30.9.25

£ | £ | £ |

| Net cash |

| Cash at bank | 211,435 |  | 43,797 |  | 255,232 |  |

211,435 |  | 43,797 |  | 255,232 |  |

| Debt

| Finance leases | (169,018 | ) | (10,558 | ) | (179,576 | ) |

| Debts falling due within 1 year | (103,813 | ) | 23,229 |  | (80,584 | ) |

| Debts falling due after 1 year | (146,278 | ) | 73,265 |  | (73,013 | ) |

(419,109 | ) | 85,936 |  | (333,173 | ) |

| Total | (207,674 | ) | 129,733 |  | (77,941 | ) |

12 Bore Investments limited (Registered number: 09327179)

Notes to the Consolidated Financial Statements

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| 12 Bore Investments 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 General Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Amounts are rounded to the nearest £1.

| Basis of consolidation

| These consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 30 September 2025.

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

| The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.

| Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.

| Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.

| Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances

| The group accounts for long term contracts under FRS102, specifically using the percentage of costs incurred to arrive at a contract value - resulting in amounts payable or amounts recoverable on contracts - see revenue policy for more details.

| The nature of this involves significant judgement which can change as time progresses. The scale of this work covers large aspects of the financial statements and it is a key estimation area of the business. Management review this monthly taking into account specific factors in the job to ensure that the long term contracts are accounted for in accordance with FRS102 in all material aspects and the estimate applied is reasonable and supported.

12 Bore Investments limited (Registered number: 09327179)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 September 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

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

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - the amount of revenue can be measured reliably;

| - it is probable that the Company will receive the consideration due under the contract;

| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and

| - the costs incurred and the costs to complete the contract can be measured reliably

| Contract revenue recognition

| The Group deals with long term contracts and in arriving at a value for these contracts the Group uses the percentage of completion method with reference to the incurred costs on the job as that date against the total expected costs, The percentage is applied to the contract value and amounts invoiced are deducted from the calculation to arrive at either amounts payable on contracts (recorded in creditors) or amounts recoverable on contracts (recorded in debtors). The company performs these calculations monthly and continually reviews the details of each job when applying the estimates of costs expected, as the job progresses the most up to date knowledge of the job is applied which can vary each month. The movements are posted through turnover.

| Tangible fixed assets

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

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

| Plant and machinery - 15%-25% on cost

| Motor vehicles - 5%-20% on cost

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

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

| Going concern

| At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Stocks are stated at the lower of cost and net realisable value and represent raw materials used. Amounts are reviewed for impairment regularly and any amounts are released to the profit & loss where necessary.

12 Bore Investments limited (Registered number: 09327179)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 September 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

| 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.

| 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 Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

| The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Group in independently administered funds.

| Interest income

| Interest income is recognised in profit or loss using the effective interest method.

| Borrowing costs

| All borrowing costs are recognised in profit or loss in the year in which they are incurred.

| Share capital

| Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

| Provisions for liabilities

| Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

| Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

| Increases in provisions are generally charged as an expense to profit or loss.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

12 Bore Investments limited (Registered number: 09327179)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 September 2025

2. | ACCOUNTING POLICIES - continued

| Trade debtors

| Trade debtors are amounts due from customers for services performed in the ordinary course of business.

| Trade debtors are recognised at the transaction price. Amounts are reviewed periodically and where amounts are not considered recoverable a provision is made and the net amount is recorded within profit and loss.

| Retentions

| Retentions are recognised within other debtors as the job progresses. The retention is invoiced at the time of the contractual terms and is moved to trade debtors when invoiced/becomes due.

| Trade creditors

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

| Trade creditors are recognised at the transaction price.

3. | TURNOVER

| The turnover and profit before taxation are attributable to the principal activities of the group.

| An analysis of turnover by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Services rendered | 13,175,198 |  | 18,215,194 |  |

| Rental income | 11,400 |  | 11,125 |  |

13,186,598 |  | 18,226,319 |  |

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

| 2025 |  | 2024

£ | £ |

| United Kingdom | 13,186,598 |  | 18,226,319 |  |

13,186,598 |  | 18,226,319 |  |

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 3,432,383 |  | 3,897,083 |  |

| Social security costs | 380,767 |  | 436,488 |  |

| Other pension costs | 50,756 |  | 55,403 |  |

3,863,906 |  | 4,388,974 |  |

12 Bore Investments limited (Registered number: 09327179)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 September 2025

4. | EMPLOYEES AND DIRECTORS - continued

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

| 2025 |  | 2024

| Office and support staff | 15 |  | 17 |  |

| Directors | 2 |  | 2 |  |

| Direct labour | 45 |  | 51 |  |

62 |  | 70 |  |

| The average number of employees by undertakings that were proportionately consolidated during the year was 1 (2024 - 1 ) .

| 2025 |  | 2024

£ | £ |

| Director's remuneration | 344,146 |  | 285,095 |  |

| Director's pension contributions to money purchase schemes | 2,642 |  | 2,642 |  |

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

| Money purchase schemes | 2 |  | 2 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 264,132 |  | 205,755 |  |

| Pension contributions to money purchase schemes | 1,321 |  | 1,321 |  |

5. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Other operating leases | 171,408 |  | 110,000 |  |

| Depreciation - owned assets | 47,217 |  | 31,002 |  |

| Profit on disposal of fixed assets | - |  | (1,549 | ) |

| Auditors' remuneration | 19,000 |  | - |  |

6. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 2025 |  | 2024

£ | £ |

| Deposit account interest | 705 |  | 729 |  |

| Directors loan interest | 179 |  | - |  |

884 |  | 729 |  |

12 Bore Investments limited (Registered number: 09327179)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 September 2025

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest payable | 648 |  | 715 |  |

| Other loan interest payable | 77,905 |  | 44,949 |  |

| Other interest payable | 64,911 |  | 9 |  |

| Hire purchase | 11,428 |  | 7,000 |  |

154,892 |  | 52,673 |  |

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 | 49,130 |  | 82,420 |  |

| Deferred tax | (17,186 | ) | 106,209 |  |

| Tax on profit | 31,944 |  | 188,629 |  |

| 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 | 80,665 |  | 562,321 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 20,166 |  | 140,580 |  |

| Effects of:

| Expenses not deductible for tax purposes | 11,700 |  | 29,737 |  |

| Income not taxable for tax purposes | (3,906 | ) | (2,083 | ) |

| Utilisation of tax losses | - |  | (85,660 | ) |

| Impairment of assets | 21,437 |  | - |  |

| Deferred tax | (17,186 | ) | 106,209 |  |

| Effect of tax rates charged | (267 | ) | (154 | ) |

| Total tax charge | 31,944 |  | 188,629 |  |

9. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

10. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary A shares of £1 each

| Interim | 29,605 |  | 85,200 |  |

12 Bore Investments limited (Registered number: 09327179)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 September 2025

11. | TANGIBLE FIXED ASSETS

| Group

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024 | 85,539 |  | 449,950 |  | 535,489 |  |

| Additions | 45,308 |  | - |  | 45,308 |  |

| Disposals | - |  | (14,481 | ) | (14,481 | ) |

| Impairments | - |  | (85,749 | ) | (85,749 | ) |

| At 30 September 2025 | 130,847 |  | 349,720 |  | 480,567 |  |

| DEPRECIATION

| At 1 October 2024 | 42,439 |  | 111,998 |  | 154,437 |  |

| Charge for year | 9,325 |  | 37,892 |  | 47,217 |  |

| Eliminated on disposal | - |  | (14,481 | ) | (14,481 | ) |

| At 30 September 2025 | 51,764 |  | 135,409 |  | 187,173 |  |

| NET BOOK VALUE

| At 30 September 2025 | 79,083 |  | 214,311 |  | 293,394 |  |

| At 30 September 2024 | 43,100 |  | 337,952 |  | 381,052 |  |

| The above assets include assets held on hire purchase contracts. These are secured on the asset concerned. The net book value of assets held on hire purchase is £257,701 (2024: 334,481). The total depreciation charge in respect of these assets was £36,340.

| The asset held in motor vehicles was sold post year end and the impairment in the year has been made to reflect the assets carrying value with its subsequent sales price.

12. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 100 |  |

| NET BOOK VALUE

| At 30 September 2025 | 100 |  |

| At 30 September 2024 | 100 |  |

12 Bore Investments limited (Registered number: 09327179)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 September 2025

12. | FIXED ASSET INVESTMENTS - continued

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

| Subsidiary

| Omega Environmental Services Limited

| Registered office: 1 Pirton Grange, Pirton Road, Shillington, Hitchin, Hertfordshire, United Kingdom, SG5 3HB

| Nature of business: Asbestos services

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 1,074,051 |  | 1,058,542 |  |

| Profit for the year | 45,114 |  | 370,675 |  |

13. | INVESTMENT PROPERTY

| Group

| Total

£ |

| FAIR VALUE

| At 1 October 2024

| and 30 September 2025 | 227,775 |  |

| NET BOOK VALUE

| At 30 September 2025 | 227,775 |  |

| At 30 September 2024 | 227,775 |  |

| The director considers the fair value of the property to be its current value. No movements have been made since purchase.

| Company

| Total

£ |

| FAIR VALUE

| At 1 October 2024

| and 30 September 2025 | 227,775 |  |

| NET BOOK VALUE

| At 30 September 2025 | 227,775 |  |

| At 30 September 2024 | 227,775 |  |

14. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Stocks | 23,691 |  | 32,039 |  |

12 Bore Investments limited (Registered number: 09327179)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 September 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade debtors | 1,616,462 |  | 4,383,859 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 31,887 |  | 2,282 |  |

| Amounts owed by joint ventures | 163,780 |  | 263,780 |  | 50,000 |  | 90,000 |  |

| Amounts recoverable on contract | 802,274 |  | 56,894 |  | - |  | - |  |

| Other debtors | 845,681 |  | 733,220 |  | 141,500 |  | 159,000 |  |

| Directors' current accounts | - |  | 9,899 |  | - |  | 9,899 |  |

| VAT | 53,957 |  | 115,551 |  | - |  | - |  |

| Prepayments | 96,740 |  | 41,159 |  | - |  | - |  |

3,578,894 |  | 5,604,362 |  | 223,387 |  | 261,181 |  |

| Other debtors included customer retentions of £704,181 (2024: £569,490).

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 18) | 7,886 |  | 10,000 |  | - |  | - |  |

| Other loans (see note 18) | 72,698 |  | 93,813 |  | - |  | - |  |

| Hire purchase contracts (see note 19) | 133,661 |  | 47,597 |  | - |  | - |  |

| Trade creditors | 2,195,393 |  | 3,694,870 |  | - |  | - |  |

| Corporation tax | 48,319 |  | 81,860 |  | 35 |  | 240 |  |

| Social security and other taxes | 89,347 |  | 344,135 |  | - |  | - |  |

| Other creditors | - |  | 17,053 |  | - |  | - |  |

| Pension liability | 11,743 |  | 20,259 |  | - |  | - |  |

| Wages liability | 26,749 |  | 48,665 |  | - |  | - |  |

| Directors' current accounts | 526 |  | - |  | 526 |  | - |  |

| Accruals | 96,458 |  | 255,364 |  | 1,250 |  | 1,250 |  |

2,682,780 |  | 4,613,616 |  | 1,811 |  | 1,490 |  |

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

| Group |

2025 | 2024 |

£ | £ |

| Bank loans (see note 18) | - |  | 7,500 |  |

| Other loans (see note 18) | 73,013 |  | 138,778 |  |

| Hire purchase contracts (see note 19) | 45,915 |  | 121,421 |  |

118,928 |  | 267,699 |  |

12 Bore Investments limited (Registered number: 09327179)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 September 2025

18. | LOANS

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

| Group |

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on | demand: |

| Bank loans | 7,886 |  | 10,000 |  |

| Other loans | 72,698 |  | 93,813 |  |

80,584 |  | 103,813 |  |

| Amounts falling due between one and two years: |

| Bank loans - 1-2 years | - |  | 7,500 |  |

| Other loans - 1-2 years | 73,013 |  | 138,778 |  |

73,013 |  | 146,278 |  |

19. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 133,661 |  | 47,597 |  |

| Between one and five years | 45,915 |  | 121,421 |  |

179,576 |  | 169,018 |  |

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 189,733 |  | 158,074 |  |

| Between one and five years | 193,571 |  | 154,108 |  |

383,304 |  | 312,182 |  |

20. | SECURED DEBTS

| There is a registered charge, dated 30 May 2022, held over the subsidiaries assets. The charge contains a negative pledge and is in favour of Paragon Business Finance PLC.

| Amounts held under hire purchase agreements are secured on the relevant fixed assets as disclosed in the fixed asset note.

| The group has a loan under the Bounce Back Loan Scheme (BBLS) which is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy.

| Personal guarantee's have been provided by the director's in respect of the loan with Fleximize Capital Limited. See the related party note.

12 Bore Investments limited (Registered number: 09327179)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 September 2025

21. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax | 3,641 |  | 20,827 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 20,827 |  |

| Provided during year | (17,186 | ) |

| Balance at 30 September 2025 | 3,641 |  |

22. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 50 | Ordinary A | £1 | 50 |  | 50 |  |

| 50 | Ordinary B | £1 | 50 |  | 50 |  |

100 |  | 100 |  |

23. | RESERVES

| Group

| Retained

| earnings

£ |

| At 1 October 2024 | 1,554,421 |  |

| Profit for the year | 48,721 |  |

| Dividends | (29,605 | ) |

| At 30 September 2025 | 1,573,537 |  |

| Company

| Retained

| earnings

£ |

| At 1 October 2024 | 495,979 |  |

| Profit for the year | 33,212 |  |

| Dividends | (29,605 | ) |

| At 30 September 2025 | 499,586 |  |

24. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate and disclosed within the employee note. The closing liability is disclosed within creditors.

12 Bore Investments limited (Registered number: 09327179)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 September 2025

25. | RELATED PARTY DISCLOSURES

| At the balance sheet date the group owed C Caswell, Director, £526 (2024: £9,899 owed by). The amount has no repayment terms. Interest is charged on overdrawn amounts at 2.25%.

| Included in debtors is an amount of £163,780 (2024: £263,780) due from a connected company, related by common Director within the group. This loan is interest free and repayable on demand. During the year there were sales amounting to £65,824 (2024: £242,589) and purchases totalling £2,663,816 (2024: £2,761,682) with the connected company which arose under normal trading terms. The amount due at the year end in relation to trading balances are included within trade debtors and trade creditors and are due under normal trading terms.

| C Caswell and B Caswell (Director in Subsidiary) have provided a personal guarantee in respect of the company borrowings with Fleximize Capital Limited. The personal guarantee covers all future and present obligations with Fleximize Capital Limited. The total amount owed by the company on these borrowings at the year end was £56,634.

| Key management personnel

| Under FRS102 section 33.6, key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director of the entity.

| The total of key management remuneration, including directors of the whole group amounted to £452,273 (2024 £390,522) Key management persons during the period was 3 (2024: 3).

26. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Carl and Janet Caswell by virtue of their holding in the company.