IRIS Accounts Production v26.1.10.61 13614700 Board of Directors Board of Directors 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. Activities of construction holding companies true true true false true true false false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 13614700 2024-09-30 13614700 2025-09-30 13614700 2024-10-01 2025-09-30 13614700 2023-09-30 13614700 2023-10-01 2024-09-30 13614700 2024-09-30 13614700 ns15:EnglandWales 2024-10-01 2025-09-30 13614700 ns14:PoundSterling 2024-10-01 2025-09-30 13614700 ns10:Director1 2024-10-01 2025-09-30 13614700 ns10:Director2 2024-10-01 2025-09-30 13614700 ns10:Consolidated 2025-09-30 13614700 ns10:ConsolidatedGroupCompanyAccounts 2024-10-01 2025-09-30 13614700 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 13614700 ns10:Consolidated ns10:MediumEntities 2024-10-01 2025-09-30 13614700 ns10:Consolidated ns10:Audited 2024-10-01 2025-09-30 13614700 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 13614700 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-10-01 2025-09-30 13614700 ns10:Consolidated 2024-10-01 2025-09-30 13614700 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 13614700 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForAccounts 2024-10-01 2025-09-30 13614700 ns10:FullAccounts 2024-10-01 2025-09-30 13614700 ns5:Subsidiary1 2024-10-01 2025-09-30 13614700 1 2024-10-01 2025-09-30 13614700 ns10:OrdinaryShareClass1 2024-10-01 2025-09-30 13614700 ns10:RegisteredOffice 2024-10-01 2025-09-30 13614700 ns10:Consolidated 2023-10-01 2024-09-30 13614700 ns5:CurrentFinancialInstruments 2025-09-30 13614700 ns5:CurrentFinancialInstruments 2024-09-30 13614700 ns5:ShareCapital 2025-09-30 13614700 ns5:ShareCapital 2024-09-30 13614700 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 13614700 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 13614700 ns5:ShareCapital 2023-09-30 13614700 ns5:RetainedEarningsAccumulatedLosses 2023-09-30 13614700 ns5:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 13614700 ns5:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 13614700 ns5:ComputerSoftware 2024-10-01 2025-09-30 13614700 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-10-01 2025-09-30 13614700 ns5:PlantMachinery 2024-10-01 2025-09-30 13614700 ns5:FurnitureFittings 2024-10-01 2025-09-30 13614700 ns5:MotorVehicles 2024-10-01 2025-09-30 13614700 ns5:ComputerEquipment 2024-10-01 2025-09-30 13614700 ns5:CostValuation 2024-09-30 13614700 1 ns5:Subsidiary1 2024-10-01 2025-09-30 13614700 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 13614700 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 13614700 ns10:OrdinaryShareClass1 2025-09-30 13614700 ns5:RetainedEarningsAccumulatedLosses 2024-09-30

REGISTERED NUMBER: 13614700 (England and Wales)

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |

| FOR |

| VALEBROOK INVESTMENTS LIMITED |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

Company Information | 1 |

Group Strategic Report | 2 |

Report of the Directors | 5 |

Report of the Independent Auditors | 6 |

Consolidated Income Statement | 10 |

Consolidated Other Comprehensive Income | 11 |

Consolidated Balance Sheet | 12 |

Company Balance Sheet | 13 |

Consolidated Statement of Changes in Equity | 14 |

Company Statement of Changes in Equity | 15 |

Consolidated Cash Flow Statement | 16 |

Notes to the Consolidated Cash Flow Statement | 17 |

Notes to the Consolidated Financial Statements | 19 |

VALEBROOK INVESTMENTS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | Mr D E Gratton

| Mr N A Hawkes

| REGISTERED OFFICE: | Unit C Lyon Close

| Wigston

| Leicester

| Leicestershire

| LE18 2BJ

| REGISTERED NUMBER: | 13614700 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Mr W Scales FCA FMAAT

| AUDITORS: | Mark J Rees LLP Chartered Accountants

| and Statutory Auditors

| Granville Hall

| Granville Road

| Leicester

| LE1 7RU

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The directors present their strategic report of the company and the group for the year ended 30 September 2025.

PRINCIPAL ACTIVITIES

The principal activity of the Group is the hire of tools and equipment to customers across the UK. Although our revenues stem from a wide range of sectors, the majority are construction related. The Group generally owns small to medium sized equipment and rehires plant and cabins with the majority of revenue generated from hire of our own equipment. Hire revenues are supplemented by the sale of consumables and ancillary services such as transport charges for equipment delivery and collection.

The Group operates six hire depots together with three specialist divisions. Our tool hire depots are located in Birmingham, Cambridge, Derby, Leicester, Nottingham and Sheffield and typically provide support to customers in the local area. Our specialist divisions consist of Welfare Hire (towable welfare units), Non-Mechanical hire (road plates, barriers etc delivered by HGVs) and Hireforce One (a national one-call hire service).

Our strategy is to deliver high service standards by combining experienced staff with a well invested hire fleet in order to allow the business to differentiate itself by offering quality with flexibility.

The Group is a member of Hire Association Europe and is SSIP, SafeHire, SafeContractor and Cyber Essentials accredited.

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

REVIEW OF BUSINESS

The year to September 2025 saw revenue growth of 10% from a combination of solid trading in our core tool hire operations with strong growth in our newer Welfare and Non-Mech divisions. Growth flowed through to EBITDA which rose 12% on a reported basis.

Year on year growth in the reported figures was affected by some prior year items (depreciation policy change and a change to director remuneration). Adjusting the prior year onto a like for like basis, leaves 10% revenue growth, flat gross margins and 6% EBITDA growth. This reflects sound underlying trading combined with cost headwinds (implementation of a new regional management structure and government driven rises in staff costs and rates bills).

Underlying KPIs remained satisfactory with trade debtor days slightly improved and net debt to EBITDA remaining low despite investment in fixed assets in excess of depreciation in order to support growth.

The board manages performance by monitoring key financial indicators (weekly own hire revenue, gross margins, EBITDA margin, hire asset NBV, cash and net leverage) and a range of other non-financial indicators (including employee numbers, equipment utilisation and health and safety performance).

Selected KPIs (based on reported figures) |  | 2025 |  | 2024 |

Revenue Growth % |  | 10% |  | 12% |

EBITDA margin % |  | 23.9% |  | 23.5% |

Net debt to EBITDA |  |

- Including parent company debt |  | 0.6x |  | 0.8x |

- Excluding parent company debt |  | 0.3x |  | 0.6x |

Hire Asset NBV £m |  | £3.4m |  | £3.0m |

Employee Numbers (average FTE) |  | 56 |  | 51 |

MARKET AND INDUSTRY OVERVIEW

The equipment hire market is fragmented with our competitors ranging from large nationals through regional operators such the Group to numerous single site operations. These competitors vary in focus from full service operations to plant, access or tool specialists. Competition also includes a rising number of small rehire only operations which seek to disintermediate the market.

The combination of challenging conditions in the construction market (low housing starts, weak confidence, rising sector insolvencies) with considerable government led pressure on costs (NI rises, minimum wage rises, changes to rates reliefs) made for a difficult operating environment in 2025. This resulted in a number of larger competitors issuing profit warnings, closing depots or withdrawing from segments of the market. The board notes that the Group's strong operational performance and focus on its areas of expertise led to solid performance despite this market backdrop.

FUTURE DEVELOPMENTS

The Group has seen strengthened trading heading into the year to September 2026 reflecting continued growth in our newer operations, sales activity in more mature operations and, potentially, partial withdrawal from the market of some competitors. The board expects to continue to invest to support growth through the financial year with the target of seeing steady growth in revenue and profits together with stable cashflows.

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

PRINCIPAL RISKS AND UNCERTAINTIES

The Group is exposed to a number of risks. Principal risks include:

- Dependence on the directors' knowledge and experience. The business strengthened the management team by developing a regional management structure during the year with the aim of mitigating this risk and the Group expects to take further steps in the coming year.

- Reliance on IT systems. The Group has invested in a fully cloud based system supported by a range of measures to ensure resilience and security in order to mitigate risks here.

- Economic conditions. Low UK growth, depressed construction sector economic indicators, and rising tax and regulatory burdens imposed by the UK government continue to place pressure on trading. The Group aims to mitigate this through management focus on costs and operational performance.

- Liquidity. Sustained growth has led to the Group consistently investing well ahead of depreciation. Risks have been mitigated through retained profits and disciplined cash management which have allowed net leverage to be kept low.

- Credit Control. The construction sector is exposed to raised levels of insolvency. The Group mitigates this through relatively low customer concentration, close monitoring of credit risks and the use of credit insurance.

ON BEHALF OF THE BOARD:

Mr D E Gratton - Director

16 March 2026

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

DIVIDENDS

The total distribution of dividends for the year ended 30 September 2025 will be £476,944 (2024: £318,035).

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2024 to the date of this report.

Mr D E Gratton

Mr N A Hawkes

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

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

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

- | 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 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 directors are 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 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 group's auditors are aware of that information.

AUDITORS

The auditors, Mark J Rees LLP Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr D E Gratton - Director

16 March 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

VALEBROOK INVESTMENTS LIMITED

Opinion

We have audited the financial statements of Valebrook Investments Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, 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 directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and 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 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 Group 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.

Other Matters

The financial statements for the year ended 30 September 2024 were not audited.

We have obtained sufficient appropriate audit evidence regarding the opening balances to conclude that they do not contain misstatements that materially affect the financial statements for the year ended 30 September 2025.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

VALEBROOK INVESTMENTS LIMITED

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 Directors 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 Directors have been prepared in accordance with applicable legal requirements.

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 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

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

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

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

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 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 directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

VALEBROOK 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISA's (UK).

We obtained an understanding of the legal and regulatory frameworks applicable to the group and industry in which it operates through our general commercial experience. We determined that the following laws and regulations were most significant: FRS 102, Companies Act 2006 and the relevant tax compliance regulations in the UK. In addition, we concluded that there are certain laws and regulations that may have an effect in the determination of the amounts and disclosures in the financial statements such as health and safety and employee related matters.

We enquired of management concerning the group's policies and procedures relating to:

- the identification and compliance with laws and regulations;

- the detection and response to the risks of fraud;

- the internal controls inherent within the group to mitigate fraud risk and non-compliance to laws and regulations.

We enquired of management, whether they were aware of any instance of non-compliance with laws and regulations or whether they had any knowledge of actual, suspected or alleged fraud.

We communicated relevant laws and regulations and potential areas of fraud to all audit team members including the potential for fraud in revenue recognition. We remained alert to any indications of fraud or non compliance with laws and regulations throughout the audit.

We have determined that the principal risk areas where material irregularities could occur were related to posting manual journal entries to manipulate financial performance, revenue recognition and significant one-off or unusual transactions.

Our audit procedures were designed to respond in particular to these identified risks (including non compliance with laws and regulations and fraud).

Our audit procedures included but were not limited to:

- A review of a sample of orders received in the year to ensure these were correctly recorded in revenue and detailed cut off testing around the year end to ensure revenue is correctly recognised.

- A review of laws and regulations the company is subject to, followed by compliance checks and discussion with management to ensure no instances of non compliance.

- Identifying and testing journal entries, on a sample basis, to review for potential management bias or manipulation of revenue recognition.

We did not identify any matters during the course of our work that indicated non-compliance with laws and regulations or relating to fraud.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

VALEBROOK INVESTMENTS LIMITED

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.

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.

Mr W Scales FCA FMAAT (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP Chartered Accountants

and Statutory Auditors

Granville Hall

Granville Road

Leicester

LE1 7RU

3 June 2026

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

CONSOLIDATED INCOME STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 9,002,192 |  | 8,146,898 |  |

Cost of sales | 3,943,350 |  | 3,323,441 |  |

GROSS PROFIT | 5,058,842 |  | 4,823,457 |  |

Administrative expenses | 3,891,259 |  | 3,587,223 |  |

OPERATING PROFIT | 4 | 1,167,583 |  | 1,236,234 |  |

Interest receivable and similar income | 25,741 |  | 20,919 |  |

1,193,324 |  | 1,257,153 |  |

Interest payable and similar expenses | 5 | 106,052 |  | 106,919 |  |

PROFIT BEFORE TAXATION | 1,087,272 |  | 1,150,234 |  |

Tax on profit | 6 | 286,593 |  | 300,639 |  |

PROFIT FOR THE FINANCIAL YEAR | 800,679 |  | 849,595 |  |

Profit attributable to:

Owners of the parent | 800,679 |  | 849,595 |  |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

CONSOLIDATED OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 800,679 |  | 849,595 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 800,679 |  | 849,595 |  |

Total comprehensive income attributable to:

Owners of the parent | 800,679 |  | 849,595 |  |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

CONSOLIDATED BALANCE SHEET

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | 10,403 |  | 7,377 |  |

Tangible assets | 10 | 4,243,043 |  | 3,848,414 |  |

Investments | 11 | - |  | - |  |

4,253,446 |  | 3,855,791 |  |

CURRENT ASSETS

Stocks | 12 | 83,384 |  | 69,788 |  |

Debtors | 13 | 1,943,119 |  | 1,890,116 |  |

Cash at bank and in hand | 1,148,014 |  | 730,291 |  |

3,174,517 |  | 2,690,195 |  |

CREDITORS

Amounts falling due within one year | 14 | 2,423,282 |  | 1,880,760 |  |

NET CURRENT ASSETS | 751,235 |  | 809,435 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,004,681 |  | 4,665,226 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (976,978 | ) | (1,077,732 | ) |

PROVISIONS FOR LIABILITIES | 19 | (1,039,477 | ) | (923,003 | ) |

NET ASSETS | 2,988,226 |  | 2,664,491 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 127,528 |  | 127,528 |  |

Merger reserve | 21 | 358,207 |  | 358,207 |  |

Retained earnings | 21 | 2,502,491 |  | 2,178,756 |  |

SHAREHOLDERS' FUNDS | 2,988,226 |  | 2,664,491 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 16 March 2026 and were signed on its behalf by:

Mr D E Gratton - Director

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

COMPANY BALANCE SHEET

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | - |  | - |  |

Tangible assets | 10 | - |  | - |  |

Investments | 11 | 127,528 |  | 127,528 |  |

127,528 |  | 127,528 |  |

CURRENT ASSETS

Debtors | 13 | 625,757 |  | 513,700 |  |

Cash at bank | 257,428 |  | 210,550 |  |

883,185 |  | 724,250 |  |

CREDITORS

Amounts falling due within one year | 14 | 9,143 |  | 5,674 |  |

NET CURRENT ASSETS | 874,042 |  | 718,576 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,001,570 |  | 846,104 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 127,528 |  | 127,528 |  |

Retained earnings | 21 | 874,042 |  | 718,576 |  |

SHAREHOLDERS' FUNDS | 1,001,570 |  | 846,104 |  |

Company's profit for the financial year | 632,410 |  | 522,787 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 16 March 2026 and were signed on its behalf by:

Mr D E Gratton - Director

Mr N A Hawkes - Director

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Called up |

| share |  | Retained |  | Merger |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 October 2023 | 127,528 |  | 1,647,196 |  | 358,207 |  | 2,132,931 |  |

Changes in equity

Dividends | - |  | (318,035 | ) | - |  | (318,035 | ) |

Total comprehensive income | - |  | 849,595 |  | - |  | 849,595 |  |

Balance at 30 September 2024 | 127,528 |  | 2,178,756 |  | 358,207 |  | 2,664,491 |  |

Changes in equity

Dividends | - |  | (476,944 | ) | - |  | (476,944 | ) |

Total comprehensive income | - |  | 800,679 |  | - |  | 800,679 |  |

Balance at 30 September 2025 | 127,528 |  | 2,502,491 |  | 358,207 |  | 2,988,226 |  |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 October 2023 | 127,528 |  | 513,824 |  | 641,352 |  |

Changes in equity

Dividends | - |  | (318,035 | ) | (318,035 | ) |

Total comprehensive income | - |  | 522,787 |  | 522,787 |  |

Balance at 30 September 2024 | 127,528 |  | 718,576 |  | 846,104 |  |

Changes in equity

Dividends | - |  | (476,944 | ) | (476,944 | ) |

Total comprehensive income | - |  | 632,410 |  | 632,410 |  |

Balance at 30 September 2025 | 127,528 |  | 874,042 |  | 1,001,570 |  |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 2,395,427 |  | 1,528,075 |  |

Interest paid | (4,481 | ) | (8,179 | ) |

Interest element of hire purchase payments paid | (101,571 | ) | (98,740 | ) |

Tax paid | (55,823 | ) | (168,318 | ) |

Net cash from operating activities | 2,233,552 |  | 1,252,838 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (12,950 | ) | - |  |

Purchase of tangible fixed assets | (1,057,126 | ) | (857,962 | ) |

Sale of tangible fixed assets | 420,751 |  | 403,552 |  |

Interest received | 25,741 |  | 20,919 |  |

Net cash from investing activities | (623,584 | ) | (433,491 | ) |

Cash flows from financing activities

Loan repayments in year | (50,000 | ) | (50,000 | ) |

Capital repayments in year | (665,301 | ) | (854,980 | ) |

Equity dividends paid | (476,944 | ) | (318,035 | ) |

Net cash from financing activities | (1,192,245 | ) | (1,223,015 | ) |

Increase/(decrease) in cash and cash equivalents | 417,723 |  | (403,668 | ) |

Cash and cash equivalents at beginning of year | 2 | 730,291 |  | 1,133,959 |  |

Cash and cash equivalents at end of year | 2 | 1,148,014 |  | 730,291 |  |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

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 | 1,087,272 |  | 1,150,234 |  |

| Depreciation charges | 979,944 |  | 679,400 |  |

| Profit on disposal of fixed assets | (109,612 | ) | (158,811 | ) |

| Finance costs | 106,052 |  | 106,919 |  |

| Finance income | (25,741 | ) | (20,919 | ) |

2,037,915 |  | 1,756,823 |  |

| Increase in stocks | (13,596 | ) | (5,420 | ) |

| Increase in trade and other debtors | (53,003 | ) | (180,859 | ) |

| Increase/(decrease) in trade and other creditors | 424,111 |  | (42,469 | ) |

| Cash generated from operations | 2,395,427 |  | 1,528,075 |  |

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 | 1,148,014 |  | 730,291 |  |

| Year ended 30 September 2024

| 30.9.24 |  | 1.10.23

£ | £ |

| Cash and cash equivalents | 730,291 |  | 1,133,959 |  |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

| Other |

| non-cash |

| At 1.10.24 | Cash flow | changes | At 30.9.25

£ | £ | £ | £ |

| Net cash |

| Cash at bank

| and in hand | 730,291 |  | 417,723 |  | 1,148,014 |  |

730,291 |  | 417,723 |  | 1,148,014 |  |

| Debt

| Finance leases | (1,500,172 | ) | 665,301 |  | (618,662 | ) | (1,453,533 | ) |

| Debts falling due

| within 1 year | (50,000 | ) | 16,667 |  | - |  | (33,333 | ) |

| Debts falling due

| after 1 year | (33,333 | ) | 33,333 |  | - |  | - |  |

(1,583,505 | ) | 715,301 |  | (618,662 | ) | (1,486,866 | ) |

| Total | (853,214 | ) | 1,133,024 |  | (618,662 | ) | (338,852 | ) |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Valebrook 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.

| Basis of consolidation

| The group financial statements consolidate those of the company and of its subsidiary undertaking drawn up to 30 September 2025. Profits and losses on intra group transactions are eliminated in full.

| The group has adopted the merger basis of accounting. The merger reserve included in the reserves represent the excess of the cost of the investment in subsidiary undertakings over the nominal values of the share capital of those subsidiary undertakings.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

| Significant judgements and estimates

| There were no areas in which the preparation of the financial statements required management to make significant judgements or estimates aside from those dealt with separately below.

| Turnover

| Turnover represents net invoiced sales of goods and services, excluding value added tax. The group supplies products and services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on completion of the contract.

| 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.

| Information Technology is being amortised over its estimated useful life of 3 - 5 years.

| Tangible fixed assets

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

| Short leasehold | - | 20% on cost

| Plant and machinery | - | at varying rates on cost

| Fixtures and fittings | - | at varying rates on cost

| Motor vehicles | - | at varying rates on cost

| Office and depot equipment | - | at varying rates on cost

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

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

| 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.

| Pension costs and other post-retirement benefits

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

| Investments

| Investment in subsidiary undertakings are recognised at cost for the company. For consolidation purposes the investment is eliminated.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Going concern

| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 2,441,152 |  | 2,314,918 |  |

| Other pension costs | 35,449 |  | 31,986 |  |

2,476,601 |  | 2,346,904 |  |

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

| 2025 |  | 2024

| Central and Regional staff | 8 |  | 5 |  |

| Depot staff | 47 |  | 46 |  |

55 |  | 51 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 316,358 |  | 310,248 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 160,716 |  | 162,540 |  |

4. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 970,020 |  | 664,818 |  |

| Profit on disposal of fixed assets | (109,612 | ) | (158,811 | ) |

| Computer software amortisation | 9,924 |  | 14,580 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 4,481 |  | 8,065 |  |

| Other interest charges | - |  | 114 |  |

| Hire purchase | 101,571 |  | 98,740 |  |

106,052 |  | 106,919 |  |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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 | 170,119 |  | 55,823 |  |

| Deferred taxation | 116,474 |  | 244,816 |  |

| Tax on profit | 286,593 |  | 300,639 |  |

| 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 | 1,087,272 |  | 1,150,234 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 271,818 |  | 287,559 |  |

| Effects of:

| Expenses not deductible for tax purposes | 2,456 |  | 8,007 |  |

| Depreciation in excess of capital allowances | 13,571 |  | 6,522 |  |

| Marginal relief | (1,252 | ) | (1,449 | ) |

| Total tax charge | 286,593 |  | 300,639 |  |

7. | 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.

8. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Interim | 476,944 |  | 318,035 |  |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9. | INTANGIBLE FIXED ASSETS

| Group

| Computer

| software

£ |

| COST

| At 1 October 2024 | 44,603 |  |

| Additions | 12,950 |  |

| At 30 September 2025 | 57,553 |  |

| AMORTISATION

| At 1 October 2024 | 37,226 |  |

| Amortisation for year | 9,924 |  |

| At 30 September 2025 | 47,150 |  |

| NET BOOK VALUE

| At 30 September 2025 | 10,403 |  |

| At 30 September 2024 | 7,377 |  |

10. | TANGIBLE FIXED ASSETS

| Group

| Fixtures

| Short |  | Plant and |  | and

| leasehold |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 October 2024 | 12,730 |  | 4,852,244 |  | 101,281 |  |

| Additions | 2,501 |  | 1,303,108 |  | 59,916 |  |

| Disposals | - |  | (470,916 | ) | - |  |

| At 30 September 2025 | 15,231 |  | 5,684,436 |  | 161,197 |  |

| DEPRECIATION

| At 1 October 2024 | 212 |  | 1,826,417 |  | 69,218 |  |

| Charge for year | 2,755 |  | 686,933 |  | 25,021 |  |

| Eliminated on disposal | - |  | (205,103 | ) | - |  |

| At 30 September 2025 | 2,967 |  | 2,308,247 |  | 94,239 |  |

| NET BOOK VALUE

| At 30 September 2025 | 12,264 |  | 3,376,189 |  | 66,958 |  |

| At 30 September 2024 | 12,518 |  | 3,025,827 |  | 32,063 |  |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

10. | TANGIBLE FIXED ASSETS - continued

| Group

| Office |

| Motor |  | and depot |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024 | 1,253,277 |  | 31,018 |  | 6,250,550 |  |

| Additions | 296,990 |  | 13,273 |  | 1,675,788 |  |

| Disposals | (176,444 | ) | - |  | (647,360 | ) |

| At 30 September 2025 | 1,373,823 |  | 44,291 |  | 7,278,978 |  |

| DEPRECIATION

| At 1 October 2024 | 497,349 |  | 8,940 |  | 2,402,136 |  |

| Charge for year | 243,696 |  | 11,615 |  | 970,020 |  |

| Eliminated on disposal | (131,118 | ) | - |  | (336,221 | ) |

| At 30 September 2025 | 609,927 |  | 20,555 |  | 3,035,935 |  |

| NET BOOK VALUE

| At 30 September 2025 | 763,896 |  | 23,736 |  | 4,243,043 |  |

| At 30 September 2024 | 755,928 |  | 22,078 |  | 3,848,414 |  |

11. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 127,528 |  |

| NET BOOK VALUE

| At 30 September 2025 | 127,528 |  |

| At 30 September 2024 | 127,528 |  |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

11. | 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

| Hireforce Limited

| Registered office: Unit C, Lyon Close, Wigston, Leicester, LE18 2BJ, England

| Nature of business: Hire of tools and equipment to customers

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

12. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Stocks | 83,384 |  | 69,788 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade debtors | 1,936,262 |  | 1,937,233 |  | - |  | - |  |

| Bad debt provision | (119,386 | ) | (141,875 | ) | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 625,757 |  | 513,700 |  |

| Other debtors | 36,830 |  | 37,697 |  | - |  | - |  |

| Prepayments | 89,413 |  | 57,061 |  | - |  | - |  |

1,943,119 |  | 1,890,116 |  | 625,757 |  | 513,700 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 16) | 33,333 |  | 50,000 |  | - |  | - |  |

| Hire purchase contracts (see note 17) | 571,278 |  | 528,874 |  | - |  | - |  |

| Trade creditors | 947,564 |  | 748,100 |  | 9 |  | 9 |  |

| Taxation | 170,119 |  | 55,823 |  | 9,134 |  | 5,665 |  |

| Vat liability | 228,048 |  | 213,699 |  | - |  | - |  |

| Other creditors | 89,265 |  | 7,880 |  | - |  | - |  |

| Accruals and deferred income | 383,675 |  | 276,384 |  | - |  | - |  |

2,423,282 |  | 1,880,760 |  | 9,143 |  | 5,674 |  |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

| Group |

2025 | 2024 |

£ | £ |

| Bank loans (see note 16) | - |  | 33,333 |  |

| Hire purchase contracts (see note 17) | 882,255 |  | 971,298 |  |

| Accruals and deferred income | 94,723 |  | 73,101 |  |

976,978 |  | 1,077,732 |  |

16. | 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 - less than 1 yr | 33,333 |  | 50,000 |  |

| Amounts falling due between one and two | years: |

| Bank loans - 1-2 years | - |  | 33,333 |  |

17. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 571,278 |  | 528,874 |  |

| Between one and five years | 882,255 |  | 971,298 |  |

1,453,533 |  | 1,500,172 |  |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

17. | LEASING AGREEMENTS - continued

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 183,549 |  | 189,711 |  |

| Between one and five years | 518,667 |  | 482,549 |  |

| In more than five years | 333,708 |  | 304,792 |  |

1,035,924 |  | 977,052 |  |

18. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

2025 | 2024 |

£ | £ |

| Bank loans | 33,333 |  | - |  |

| Hire purchase contracts | 1,453,533 |  | - |  |

1,486,866 |  | - |  |

| The Lloyds Bank plc has a Debenture including a first fixed charge over book and other debts, both present and future and a first floating charge over all assets and undertaking both present and future.

| Amounts due under hire purchase contracts are secured on the assets detailed in the agreement(s).

19. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated Capital Allowances | 1,039,477 |  | 923,003 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 923,003 |  |

| Provided during year | 116,474 |  |

| Balance at 30 September 2025 | 1,039,477 |  |

VALEBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 13614700)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 127,528 | Ordinary | £1 | 127,528 |  | 127,528 |  |

21. | RESERVES

| Group

| Retained |  | Merger |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 October 2024 | 2,178,756 |  | 358,207 |  | 2,536,963 |  |

| Profit for the year | 800,679 |  | 800,679 |  |

| Dividends | (476,944 | ) | (476,944 | ) |

| At 30 September 2025 | 2,502,491 |  | 358,207 |  | 2,860,698 |  |

| Company

| Retained

| earnings

£ |

| At 1 October 2024 | 718,576 |  |

| Profit for the year | 632,410 |  |

| Dividends | (476,944 | ) |

| At 30 September 2025 | 874,042 |  |

22. | PENSION COMMITMENTS

| The group enrols eligible employees into a personal pension scheme administered by Nest. Employer contributions are charged to the profit and loss account as they are made. The charge for the period was £35,449 (2024: £31,986). Contributions of £nil (2024: £nil) were unpaid at the period end.

23. | RELATED PARTY DISCLOSURES

| The directors consider there to be no key management personnel other than the directors who have authority and responsibility for planning, directing and controlling the activities of the group.

24. | ULTIMATE CONTROLLING PARTY

| It is considered there is no ultimate controlling party.