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REGISTERED NUMBER: 02120023 (England and Wales)

| Strategic Report, Report of the Directors and |

| Financial Statements |

| for the Year Ended 30 April 2025 |

| for |

| W B Power Services Limited |

| W B Power Services Limited (Registered number: 02120023) |

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 5 |

| Report of the Independent Auditors | 7 |

| Profit and Loss Account | 10 |

| Balance Sheet | 11 |

| Statement of Changes in Equity | 12 |

| Notes to the Financial Statements | 13 |

| W B Power Services Limited |

Company Information

for the Year Ended 30 April 2025

| DIRECTORS: | L M Bradshaw

| L Andrieux

| REGISTERED OFFICE: | Heanor Gate Industrial Estate

| Heanor Gate Road

| Heanor

| Derbyshire

| DE75 7RJ

| REGISTERED NUMBER: | 02120023 (England and Wales)

| AUDITORS: | Bates Weston Audit Ltd

| Statutory Auditors

| Chartered Accountants

| The Mills

| Canal Street

| Derby

| DE1 2RJ

| W B Power Services Limited (Registered number: 02120023) |

Strategic Report

for the Year Ended 30 April 2025

The directors present their strategic report for the year ended 30 April 2025.

REVIEW OF BUSINESS

We aim to present a balanced and comprehensive review of the development and performance of the business during the past financial year and its position at the year-end. Our review is consistent with the size, nature and complexity of the business.

This report reflects the progress made by the business in the 12 months of trading to 30 April 2025. We consider that our key financial performance indicators are those that communicate the financial performance and strength of the business as a whole, those being turnover and profit margins.

Turnover has decreased by 8% (2024 - 31% increase) to £131.4m. As a project-based business, revenue is influenced by project lifecycle, timing and stage of completion, which can result in variability between reporting periods. The Group continued to perform well, securing major contracts and expanding the hire fleet during the year.

The company's gross profit margin has increased from 25.8% to 33.7% due to improved margins from project & contract delivery.

The company saw growth across all areas of the business and invested further to support the growth of the hire business. The company has continued to utilise its leased borrowing facilities to fund this capital expenditure.

The company has continued to invest in the development of new renewable products. This will be a significant source of growth for the business moving forward. In addition, the company has continued to invest further overhead and operational costs in sales and delivery capabilities to drive future growth and improve control in the business. The benefits of these investments will be seen in the continued growth of the business in future periods.

The directors are satisfied with the performance and financial position at the year end. The investments made during the year in fleet, infrastructure and operational capability provide a strong platform for future growth. The Company remains well positioned to secure new contracts, improve efficiencies and continue to expand its market presence.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the Company's strategy are subject to a number of risks. The directors continually monitor performance, profitability and infrastructure in the context of a competitive and evolving market, implementing changes where appropriate.

The principal risks include reliance on key generator platforms and supply arrangements within the wider Group, requiring effective coordination to maintain availability and operational efficiency. The Company also operates in a highly competitive market, with continued pricing pressure from lower-cost international competitors. In addition, the business is exposed to the delivery of large-scale projects, where performance is influenced by project timing, lifecycle and cost control.

SECTION 172(1) STATEMENT

The directors consider, both individually and together, that they have acted in a way they consider, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole (having regard to the stakeholders and matters set out in s172(1)(a-f) of the Companies Act 2006) in the decisions taken during the year ended 30 April 2025.

| W B Power Services Limited (Registered number: 02120023) |

Strategic Report

for the Year Ended 30 April 2025

ENGAGEMENT WITH EMPLOYEES

Within the bounds of confidentiality, staff at all levels are kept fully informed of matters that affect the

progress of the company and group and are of interest to them as employees.

Disabled persons are given full and fair consideration for all types of vacancy. If an existing employee

becomes disabled, such steps as are practical and reasonable are taken to retain him/her in employment. Where appropriate, assistance with rehabilitation and suitable training are given. Disabled persons have equal opportunities for training, career development and promotion, except insofar as such opportunities are constrained by the practical limitations of their disability.

ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS

The directors have had regard to the need to foster the company's business relationships with suppliers, customers and others.

FINANCIAL INSTRUMENTS

The company uses basic financial instruments such as hire purchase, finance leases and banking facilities to finance capital expenditure and growth.

Cash flow risk

Cash flow is carefully managed and the directors consider that the controls and facilities in place are adequate to meet the needs of the business.

Financial risk

The directors manage the company's exposure to financial risk by researching the credit worthiness of customers and by seeking advice from the company's providers of finance and its other external financial advisers.

Interest rate risk

The company finances its operations through a mixture of retained profits, bank borrowing and hire purchase leases.

Liquidity risk

The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. Primarily this is achieved through bank borrowings and retained profits. The company policy throughout the period has been to ensure continuity of funding and short term flexibility was achieved by overdraft facilities.

Currency risk

Currency risk is restricted to the short term settlement of trading balances with customers and suppliers.

ORGANISATION

The directors continue to monitor the company's organisation and profitability in light of changes within a highly competitive industry. Changes are implemented where deemed appropriate in order to minimise the effects of the risks and uncertainties the company faces in retaining market share and maintaining margins.

RESEARCH AND DEVELOPMENT

The company continues to invest in the quality and design of its products believing that continued investment in research and development is fundamental to the growth of the business.

| W B Power Services Limited (Registered number: 02120023) |

Strategic Report

for the Year Ended 30 April 2025

POST BALANCE SHEET EVENTS

After the year end, the company's ultimate parent undertaking, The Wilmott Group Limited, was acquired by Rehlko, a global power solutions business, now the Company's ultimate controlling party (via PE Discovery Energy Holdings L.P.). This marks a significant step forward, strengthening the Company's platform for growth through increased scale, capability and access to capital.

ON BEHALF OF THE BOARD:

L M Bradshaw - Director

22 May 2026

| W B Power Services Limited (Registered number: 02120023) |

Report of the Directors

for the Year Ended 30 April 2025

The directors present their report with the financial statements of the company for the year ended 30 April 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of industrial plant engineering and hire.

DIVIDENDS

An interim dividend of £70 per share was paid on the Ordinary £1 shares on 1 May 2024. No dividends were paid on the Non-voting 'A' £1 shares.

The total distribution of dividends for the year ended 30 April 2025 will be £ 175,000 .

DIRECTORS

Changes in directors holding office are as follows:

L Andrieux, N J Matson and L M Bradshaw were appointed as directors after 30 April 2025 but prior to the date of this report.

A K Wilmott, V A Wilmott, C M Wilmott, D Buttar, DJ Grummitt, P Hamblett, R Carter, D L Ball, R Betteridge, T Desai, M J Muhl, K Stevenson and N J Matson ceased to be directors after 30 April 2025 but prior to the date of this report.

DISCLOSURE IN THE STRATEGIC REPORT

The matters required to be disclosed under SI (2008) 410 Sch 7 relating to financial instruments and research and development are contained within the Strategic Report as applicable in accordance with s414C(11) of the Companies Act 2006.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

| W B Power Services Limited (Registered number: 02120023) |

Report of the Directors

for the Year Ended 30 April 2025

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

L M Bradshaw - Director

22 May 2026

Report of the Independent Auditors to the Members of

W B Power Services Limited

Opinion

We have audited the financial statements of W B Power Services Limited (the 'company') for the year ended 30 April 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

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

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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

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

Report of the Independent Auditors to the Members of

W B Power Services Limited

Matters on which we are required to report by exception

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

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

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.

Based on our understanding of the company and industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the power services industry and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. Audit procedures performed by the engagement team included:

- |  | Enquiry of management around actual and potential litigation and claims; |

- |  | Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; |

- |  | Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; |

- |  | Reviewing minutes of meetings of those charged with governance. |

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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

W B Power Services 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.

Wayne Thomas FCA (Senior Statutory Auditor)

for and on behalf of Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

26 May 2026

| W B Power Services Limited (Registered number: 02120023) |

Profit and Loss Account

for the Year Ended 30 April 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 131,402,672 |  | 142,756,485 |  |

Cost of sales | 87,095,732 |  | 105,987,614 |  |

GROSS PROFIT | 44,306,940 |  | 36,768,871 |  |

Administrative expenses | 31,499,328 |  | 18,125,627 |  |

OPERATING PROFIT | 4 | 12,807,612 |  | 18,643,244 |  |

Interest receivable and similar income | 87,497 |  | 218,186 |  |

12,895,109 |  | 18,861,430 |  |

Interest payable and similar expenses | 5 | 3,224,567 |  | 1,212,330 |  |

PROFIT BEFORE TAXATION | 9,670,542 |  | 17,649,100 |  |

Tax on profit | 6 | 2,380,921 |  | 4,684,836 |  |

PROFIT FOR THE FINANCIAL YEAR | 7,289,621 |  | 12,964,264 |  |

OTHER COMPREHENSIVE INCOME |

Surrender of share options | - |  | 135,701 |  |

Income tax relating to other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | - |  | 135,701 |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 7,289,621 |  | 13,099,965 |  |

| W B Power Services Limited (Registered number: 02120023) |

Balance Sheet

30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 8 | 273,010 |  | 175,086 |  |

Tangible assets | 9 | 64,019,581 |  | 51,902,774 |  |

Investments | 10 | 1 |  | 1 |  |

64,292,592 |  | 52,077,861 |  |

CURRENT ASSETS

Stocks | 11 | 12,762,616 |  | 13,100,047 |  |

Debtors | 12 | 60,482,844 |  | 59,948,919 |  |

Cash at bank | 2,001,448 |  | 6,832,334 |  |

75,246,908 |  | 79,881,300 |  |

CREDITORS

Amounts falling due within one year | 13 | 71,634,305 |  | 85,558,800 |  |

NET CURRENT ASSETS/(LIABILITIES) | 3,612,603 |  | (5,677,500 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 67,905,195 |  | 46,400,361 |  |

CREDITORS

Amounts falling due after more than one year | 14 | (28,735,745 | ) | (16,919,048 | ) |

PROVISIONS FOR LIABILITIES | 18 | (11,901,927 | ) | (9,328,411 | ) |

NET ASSETS | 27,267,523 |  | 20,152,902 |  |

CAPITAL AND RESERVES

Called up share capital | 19 | 5,000 |  | 5,000 |  |

Revaluation reserve | 20 | 361,300 |  | 361,300 |  |

Capital redemption reserve | 20 | 5,000 |  | 5,000 |  |

Retained earnings | 20 | 26,896,223 |  | 19,781,602 |  |

SHAREHOLDERS' FUNDS | 27,267,523 |  | 20,152,902 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

L M Bradshaw - Director

| W B Power Services Limited (Registered number: 02120023) |

Statement of Changes in Equity

for the Year Ended 30 April 2025

| Called up |

| share |  | Retained |  | Revaluation

| capital |  | earnings |  | reserve

£ | £ | £ |

Balance at 1 May 2023 | 5,000 |  | 13,272,816 |  | 361,300 |  |

Changes in equity

Dividends | - |  | (6,591,179 | ) | - |  |

Total comprehensive income | - |  | 13,099,965 |  | - |  |

Balance at 30 April 2024 | 5,000 |  | 19,781,602 |  | 361,300 |  |

Changes in equity

Dividends | - |  | (175,000 | ) | - |  |

Total comprehensive income | - |  | 7,289,621 |  | - |  |

Balance at 30 April 2025 | 5,000 |  | 26,896,223 |  | 361,300 |  |

| Capital |  | Share |

| redemption |  | option |  | Total

| reserve |  | reserve |  | equity

£ | £ | £ |

Balance at 1 May 2023 | 5,000 |  | 135,701 |  | 13,779,817 |  |

Changes in equity

Share options vesting | - |  | (135,701 | ) | (135,701 | ) |

Dividends | - |  | - |  | (6,591,179 | ) |

Total comprehensive income | - |  | - |  | 13,099,965 |  |

Balance at 30 April 2024 | 5,000 |  | - |  | 20,152,902 |  |

Changes in equity

Dividends | - |  | - |  | (175,000 | ) |

Total comprehensive income | - |  | - |  | 7,289,621 |  |

Balance at 30 April 2025 | 5,000 |  | - |  | 27,267,523 |  |

| W B Power Services Limited (Registered number: 02120023) |

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| W B Power Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows.

| Related party exemption

| The company is a wholly owned subsidiary undertaking of The Wilmott Group Limited. The company has taken advantage of the exemption contained within Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of this group, other than as normally disclosed in the notes to the financial statements.

| Turnover

| Other than on certain long term contracts, turnover represents the amounts (excluding value added tax) derived from the provision of goods, services and rentals charged under operating leases. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment. On certain long term contracts, turnover represents the estimated sales value of the work performed in the year.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Development costs are not being amortised as the asset is not yet available for use.

| W B Power Services Limited (Registered number: 02120023) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment loss. 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 provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter:

| Land and buildings | - 2% on revaluation and 2% on cost |

| Hire generators | - 10% on revaluation and 10% on cost |

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

| Fixtures and fittings | - 20% to 33% on cost |

| Motor vehicles | - 25% on reducing balance and 10% on cost |

| Locomotives | - 2.5% on cost |

| Software | - 20% on cost |

| Freehold land is not depreciated.

| The assets' residual values, useful lives and the 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 within 'administrative expenses' in the profit and loss account.

| Stocks and work in progress

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

| Work in progress cost includes direct labour. Cost represents the invoiced cost of materials and parts on an average cost basis and an appropriate amount of fixed and variable overheads.

| Net realisable value is based on the estimated selling price less further costs expected to be incurred to completion and disposal.

| At each reporting date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss account.

| Long term contract balances are stated at total costs incurred, net of amounts transferred to the profit and loss account in respect of work carried out to date, less foreseeable losses and applicable payments on accounts.

| Deferred tax

| Deferred tax arises from timing differences that are differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

| A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

| Provision is made at current rates for taxation deferred in respect of all material timing differences.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| W B Power Services Limited (Registered number: 02120023) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

| Pension costs and other post-retirement benefits

| The company operates defined contribution plans for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

| Invoice discounting

| The debts discounted are included within trade debtors with a financing limit relating to proceeds received from the invoice discounter included within creditors.

| The interest element and other discount charges are recognised within the profit and loss account as they accrue.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investment with original maturities of three months or less.

| Share capital

| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

| W B Power Services Limited (Registered number: 02120023) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Judgements in applying accounting policies and key sources of estimation

| In the application of the company's accounting policies the directors are required to make judgement estimates and assumptions about the carrying amounts of the company's assets and liabilities. These are based on historical experience and other factors that are considered relevant and are reviewed on a regular basis and recognised in the period in which the estimate is revised. Actual results may differ from these estimates.

| The following are the critical judgements and where relevant the key sources of estimation uncertainty:

| Tangible fixed assets are depreciated over their useful economic lives taking in to account their residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken in to account. Residual values consider such things as future market conditions, the remaining life of the asset and projected disposal values.

| The recoverability of debtors is assessed on the likelihood and circumstances of the particular cost.

| The value of stock is assessed for impairment. In re-assessing the stock value, factors such as slow movement and obsolescence are taken in to account.

| Land and buildings are held at fair value based on an expert's valuation taking into account local conditions and market values for similar properties. The assumptions are reviewed at least annually and revisions recognised in the current or previous period as is applicable.

| Long term contracts are those extending in excess of 12 months and any of a shorter duration which are material to the activity of the period. Attributable profit is recognised once the outcome of a long term contract can be assessed with reasonable certainty. Attributable profit is recognised on the cost percentage completion method. Immediate provision is made for all foreseeable losses if a contract is assessed as unprofitable.

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 19,451,999 |  | 12,367,460 |  |

| Social security costs | 2,078,845 |  | 1,334,019 |  |

| Other pension costs | 1,317,992 |  | 968,748 |  |

22,848,836 |  | 14,670,227 |  |

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

| 2025 |  | 2024

| Directors | 12 |  | 12 |  |

| Management and administration | 278 |  | 144 |  |

| Engineers and drivers | 162 |  | 152 |  |

452 |  | 308 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 1,449,279 |  | 1,130,807 |  |

| Directors' pension contributions to money purchase schemes | 144,919 |  | 127,138 |  |

| W B Power Services Limited (Registered number: 02120023) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

3. | EMPLOYEES AND DIRECTORS - continued

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

| Money purchase schemes | 10 |  | 10 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 400,070 |  | 182,135 |  |

| Pension contributions to money purchase schemes | 51,750 |  | 13,499 |  |

4. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery -

| within administrative expenses | 1,491,539 |  | 910,659 |  |

| Depreciation - owned assets | 2,276,983 |  | 2,142,845 |  |

| Depreciation - assets on hire purchase contracts | 4,946,900 |  | 2,538,466 |  |

| Loss on disposal of fixed assets | 214,081 |  | 55,415 |  |

| Development costs amortisation | 28,601 |  | 23,124 |  |

| Auditors' remuneration | 68,575 |  | 63,300 |  |

| Auditors' remuneration for non audit work | 17,025 |  | 10,213 |  |

| Foreign exchange differences | 26,581 |  | (36,568 | ) |

| Leased generator income | (13,576,853 | ) | (8,687,661 | ) |

| Research and development | - |  | 500,000 |  |

| Hire of plant and machinery - within cost of sales | - |  | 17,988 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 397,276 |  | 179,378 |  |

| Hire purchase interest | 2,827,291 |  | 1,031,955 |  |

| Finance lease interest | - |  | 997 |  |

3,224,567 |  | 1,212,330 |  |

6. | 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 | (192,595 | ) | - |  |

| Deferred tax:

| Origination and reversal of timing differences | 2,573,516 |  | 4,684,836 |  |

| Tax on profit | 2,380,921 |  | 4,684,836 |  |

| W B Power Services Limited (Registered number: 02120023) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

6. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

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

| 2025 |  | 2024

£ | £ |

| Profit before tax | 9,670,542 |  | 17,649,100 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 2,417,636 |  | 4,412,275 |  |

| Effects of:

| Expenses not deductible for tax purposes | 19,841 |  | 7,020 |  |

| Other timing differences | - |  | 260,901 |  |

| Group relief | - |  | 4,640 |  |

| Prior year adjustments | (56,556 | ) | - |  |

| Total tax charge | 2,380,921 |  | 4,684,836 |  |

| Tax effects relating to effects of other comprehensive income |

| There were no tax effects for the year ended 30 April 2025.

| 2024 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Surrender of share options | 135,701 |  | - |  | 135,701 |  |

7. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each |

| Interim | 175,000 |  | 6,591,179 |  |

8. | INTANGIBLE FIXED ASSETS

| Development

| costs

£ |

| COST

| At 1 May 2024 | 198,210 |  |

| Additions | 126,525 |  |

| At 30 April 2025 | 324,735 |  |

| AMORTISATION

| At 1 May 2024 | 23,124 |  |

| Amortisation for year | 28,601 |  |

| At 30 April 2025 | 51,725 |  |

| NET BOOK VALUE

| At 30 April 2025 | 273,010 |  |

| At 30 April 2024 | 175,086 |  |

| W B Power Services Limited (Registered number: 02120023) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

9. | TANGIBLE FIXED ASSETS

| Land and |  | Hire |  | Plant and

| buildings |  | generators |  | equipment

£ | £ | £ |

| COST OR VALUATION

| At 1 May 2024 | 6,090,826 |  | 50,640,595 |  | 1,067,066 |  |

| Additions | 90,256 |  | 16,243,074 |  | 196,801 |  |

| Disposals | - |  | (531,703 | ) | - |  |

| At 30 April 2025 | 6,181,082 |  | 66,351,966 |  | 1,263,867 |  |

| DEPRECIATION

| At 1 May 2024 | 403,043 |  | 11,398,475 |  | 616,885 |  |

| Charge for year | 151,805 |  | 5,651,346 |  | 84,654 |  |

| Eliminated on disposal | - |  | (110,572 | ) | - |  |

| At 30 April 2025 | 554,848 |  | 16,939,249 |  | 701,539 |  |

| NET BOOK VALUE

| At 30 April 2025 | 5,626,234 |  | 49,412,717 |  | 562,328 |  |

| At 30 April 2024 | 5,687,783 |  | 39,242,120 |  | 450,181 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Locomotives |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 May 2024 | 1,586,691 |  | 7,725,956 |  | 309,135 |  | 67,420,269 |  |

| Additions | 408,878 |  | 2,960,588 |  | - |  | 19,899,597 |  |

| Disposals | - |  | (213,574 | ) | - |  | (745,277 | ) |

| At 30 April 2025 | 1,995,569 |  | 10,472,970 |  | 309,135 |  | 86,574,589 |  |

| DEPRECIATION

| At 1 May 2024 | 974,862 |  | 1,863,350 |  | 260,880 |  | 15,517,495 |  |

| Charge for year | 309,187 |  | 1,019,163 |  | 7,728 |  | 7,223,883 |  |

| Eliminated on disposal | - |  | (75,798 | ) | - |  | (186,370 | ) |

| At 30 April 2025 | 1,284,049 |  | 2,806,715 |  | 268,608 |  | 22,555,008 |  |

| NET BOOK VALUE

| At 30 April 2025 | 711,520 |  | 7,666,255 |  | 40,527 |  | 64,019,581 |  |

| At 30 April 2024 | 611,829 |  | 5,862,606 |  | 48,255 |  | 51,902,774 |  |

| Included in cost or valuation of land and buildings is freehold land of £ 280,000 (2024 - £ 280,000 ) which is not depreciated.

| W B Power Services Limited (Registered number: 02120023) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

9. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 30 April 2025 is represented by:

| Land and |  | Hire |  | Plant and

| buildings |  | generators |  | equipment

£ | £ | £ |

| Valuation in 2014 | - |  | 1,424,029 |  | - |  |

| Cost | 6,181,082 |  | 64,927,937 |  | 1,263,867 |  |

6,181,082 |  | 66,351,966 |  | 1,263,867 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Locomotives |  | Totals

£ | £ | £ | £ |

| Valuation in 2014 | - |  | - |  | - |  | 1,424,029 |  |

| Cost | 1,995,569 |  | 10,472,970 |  | 309,135 |  | 85,150,560 |  |

1,995,569 |  | 10,472,970 |  | 309,135 |  | 86,574,589 |  |

| If hire generators had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 66,417,670 |  | 50,706,299 |  |

| Aggregate depreciation | 17,456,166 |  | 11,908,821 |  |

| Hire generators were valued on a current market basis on 30 April 2014 by Powerfind International Ltd .

| The net book value of tangible fixed assets includes £46,810,326 (2024 - £25,345,572) in respect of assets held under hire purchase contracts.

| Locomotives used by the company for leasing activities comprised a cost of £309,135 (2024 - £309,135) and accumulated depreciation of £268,608 (2024 - £260,880). Depreciation for the year on these assets was £7,728 (2024 - £7,728).

| Hire generators used by the company for leasing activities comprised a cost/revalued amount of £66,351,966 (2024 - £50,640,595). Accumulated depreciation of £16,939,249 (2024 - £11,398,475). Depreciation for the year on these assets was £5,651,346 (2024 - £3,613,531).

10. | FIXED ASSET INVESTMENTS

| Interest

| in joint

| venture

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 1 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1 |  |

| At 30 April 2024 | 1 |  |

| W B Power Services Limited (Registered number: 02120023) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

10. | FIXED ASSET INVESTMENTS - continued

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

| Meadowbank Way Management limited |  |

| Registered office: Manor House, Gonalston, Nottingham, England, NG14 7JA |

| Nature of business: Dormant company |  |

| % |  |

| Class of shares: |  | holding |  |

| Ordinary |  | 33.33 |  |

11. | STOCKS

2025 | 2024 |

£ | £ |

| Parts and consumables | 8,315,490 |  | 7,668,970 |  |

| Work-in-progress | 4,447,126 |  | 5,431,077 |  |

12,762,616 |  | 13,100,047 |  |

12. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 32,916,902 |  | 23,839,845 |  |

| Amounts owed by group undertakings | 2,479,153 |  | 3,742,838 |  |

| Amounts recoverable on contract | 13,271,399 |  | 29,360,875 |  |

| Other debtors | 721,439 |  | 1,926,128 |  |

| Owed by related parties | - |  | 181,886 |  |

| Directors' current accounts | 6,048,598 |  | 175,000 |  |

| Prepayments | 4,295,519 |  | 722,347 |  |

59,733,010 |  | 59,948,919 |  |

| Amounts falling due after more than one year:

| Trade debtors | 749,834 |  | - |  |

| Aggregate amounts | 60,482,844 |  | 59,948,919 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans (see note 15) | 285,105 |  | 292,757 |  |

| Other loans (see note 15) | 3,666,301 |  | - |  |

| Hire purchase contracts (see note 16) | 10,660,243 |  | 5,944,065 |  |

| Payments on account | 207,050 |  | 15,349 |  |

| Trade creditors | 42,835,607 |  | 55,452,036 |  |

| Social security and other taxes | 898,258 |  | 443,141 |  |

| Other creditors | 539,004 |  | 153,210 |  |

| Accruals and deferred income | 12,542,737 |  | 23,258,242 |  |

71,634,305 |  | 85,558,800 |  |

| W B Power Services Limited (Registered number: 02120023) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

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

2025 | 2024 |

£ | £ |

| Bank loans (see note 15) | 1,628,022 |  | 1,915,666 |  |

| Hire purchase contracts (see note 16) | 27,107,723 |  | 15,003,382 |  |

28,735,745 |  | 16,919,048 |  |

15. | LOANS

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

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 285,105 |  | 292,757 |  |

| Amounts due under invoice discounting arrangements | 3,666,301 |  | - |  |

3,951,406 |  | 292,757 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 800,414 |  | 285,090 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 827,608 |  | 1,630,576 |  |

| The loans are repayable on 5 year terms, at interest rates of between 3.38% and 12.69%.

16. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 10,660,243 |  | 5,944,065 |  |

| Between one and five years | 27,107,723 |  | 15,003,382 |  |

37,767,966 |  | 20,947,447 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 2,698,198 |  | 1,240,006 |  |

| Between one and five years | 5,428,047 |  | 940,385 |  |

| In more than five years | 273,020 |  | - |  |

8,399,265 |  | 2,180,391 |  |

| W B Power Services Limited (Registered number: 02120023) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

17. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 1,913,127 |  | 2,208,423 |  |

| Hire purchase contracts | 37,767,966 |  | 20,947,447 |  |

| Invoice discounting | 3,666,301 |  | - |  |

43,347,394 |  | 23,155,870 |  |

| Bank loans are secured by way of fixed and floating charges or by a charge on certain land, buildings and other assets.

| Hire purchase balances are secured on the assets to which they relate.

| The amounts advanced under invoice discounting are secured over all fixed assets.

18. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Tax losses carried forward | (1,024,084 | ) | (523,126 | ) |

| Accelerated capital allowances | 12,926,011 |  | 9,851,537 |  |

11,901,927 |  | 9,328,411 |  |

| Deferred |

| tax |

£ |

| Balance at 1 May 2024 | 9,328,411 |  |

| Provided during year | 2,573,516 |  |

| Balance at 30 April 2025 | 11,901,927 |  |

19. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 2,500 | Ordinary | £1 | 2,500 |  | 2,500 |  |

| 2,500 | Non-voting 'A' | £1 | 2,500 |  | 2,500 |  |

5,000 |  | 5,000 |  |

| W B Power Services Limited (Registered number: 02120023) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

20. | RESERVES

| Capital |

| Retained |  | Revaluation |  | redemption |

| earnings |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 May 2024 | 19,781,602 |  | 361,300 |  | 5,000 |  | 20,147,902 |  |

| Profit for the year | 7,289,621 |  | 7,289,621 |  |

| Dividends | (175,000 | ) | (175,000 | ) |

| At 30 April 2025 | 26,896,223 |  | 361,300 |  | 5,000 |  | 27,262,523 |  |

21. | ULTIMATE PARENT COMPANY

| The company's immediate and ultimate parent company is The Wilmott Group Limited. The registered office of The Wilmott Group Limited is Heanor Gate Industrial Estate, Heanor Gate Road, Heanor, Derbyshire, England, DE75 7RJ. Copies of the consolidated financial statements are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.

| Post year end, the group was acquired and the new ultimate parent undertaking is PE Discovery Energy Holdings L.P.

22. | OTHER FINANCIAL COMMITMENTS

| The company has an undertaking to its bankers for full group security incorporating debentures and

| corporate guarantees for the group's borrowings. The net amount outstanding to the bank in respect of this undertaking at 30 April 2025 was £Nil (2024: £Nil). The charge was satisfied on 5 August 2025.

23. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The directors maintain loan accounts with the company. At the balance sheet date, the amount owing from the directors is shown in the debtors note. The amount is interest free and repayable upon demand.

24. | RELATED PARTY DISCLOSURES

| The company leases a property from a Retirement Benefit Scheme, of which some of the directors in the year are members of the scheme. During the year the company paid rent to the pension scheme of £44,062 (2024 - £26,438).

25. | EMPLOYEE BENEFITS

| Included within the notes to the financial statements are payments to the defined contribution pension scheme. Also included within the notes to the financial statements is an amount for share options vesting.