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REGISTERED NUMBER: 02990058 (England and Wales)

| FIRE PROTECTION LIMITED |

| STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED |

| 30TH SEPTEMBER 2025 |

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

| Page |

Company Information | 1 |

Strategic Report | 2 |  | to |  | 3

Report of the Directors | 4 |  | to |  | 6

Report of the Independent Auditors | 7 |  | to |  | 10

Statement of Income and Retained Earnings | 11 |

Statement of Financial Position | 12 |

Notes to the Financial Statements | 13 |  | to |  | 22

FIRE PROTECTION LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

| DIRECTORS: | C Lapina-Amarelle FMAAT FCCA

| O C Y Grob

| T Cooper

| D Vine

| REGISTERED OFFICE: | 7 Marshall Road

| Hampden Park Industrial Estate

| Eastbourne

| East Sussex

| BN22 9AX

| REGISTERED NUMBER: | 02990058 (England and Wales)

| AUDITORS: | GMP Audit Limited, Statutory Auditor

| 20 Eversley Road

| Bexhill on Sea

| East Sussex

| TN40 1HE

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

STRATEGIC REPORT

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

Principal activities

The company's principal activity is the supply of fire protected ventilation and air conditioning ductwork as manufacturers and contractors.

BUSINESS REVIEW

The business delivered a turnover for the year ended 30th September 2025 of £19.6m (2024: £17.8m) and our operating loss was £2.3m (2024: operating loss £1.3m).

During the year to 30 September 2025, the majority of legacy projects were concluded, however unfortunately at a financial cost to the business which has contributed to the losses seen in the year.

The price increases from the previous year on materials and installation labour continued into the year as well as further cost increases in the installation labour sector through the summer of 2025 where demand on number of site operatives was at its peak.

In September 2025 we were notified that one of Fire Protection Limited's customers entered into administration, which resulted in a debtor write off of c.£65k.

A new Managing Director was appointed from 1st March 2025 and he has been reviewing workload, overheads and project delivery as well as the tender process. The personnel for Fire Protection Limited has been reorganised and has undergone significant changes to better service current and new projects. Overheads have also been reduced where possible so as not to affect the delivery of current and new projects. The review is ongoing and will shape the new Fire Protection team into 2026.

The Group, including Fire Protection Limited, achieved Carbon Neutral status in the summer of 2023. Our scope 3 emissions assessment was completed in 2024 and we have begun our engagements with the supply chain to enable us to start building our own Net Zero Strategy.

The board thanks every employee for their continuing hard work and efforts on behalf of the company.

PRINCIPAL RISKS, UNCERTAINTIES AND FUTURE OUTLOOK

Long term contract management: The risks that the Company are exposed to depends on the size and complexity of the project together with the legal form of the contract. The development and retention of high-quality staff is essential to the success of our business and the effective operation of our contract management processes. The Company maintains effective procedures for the estimation and tendering process as well as for the management and monitoring of contracts in progress.

The Company is exposed to risks that could impact the delivery of our contracts to our clients on time and within the estimated costs. Robust controls exist to monitor and manage contract performance throughout the contract to identify and manage risks as they arise throughout the contract. The Company monitors performance of its suppliers and contractors throughout the contract.

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

STRATEGIC REPORT

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

KEY PERFORMANCE INDICATORS (KPIS)

The Company directors consider the revenue and operating profit of the business to be the key performance indicators, these are set out below.

Turnover increased to £19.6m from £17.8m and there was an operating loss of £2.3m compared to an operating loss of £1.3m in the previous year.

ON BEHALF OF THE BOARD:

C Lapina-Amarelle FMAAT FCCA - Director

23rd June 2026

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

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

PRINCIPAL ACTIVITY

The company's principal activity is the supply of fire protected ventilation and air conditioning ductwork as manufacturers and contractors.

DIVIDENDS

No dividends will be distributed for the year ended 30th September 2025.

DIRECTORS

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

C Lapina-Amarelle FMAAT FCCA

O C Y Grob

T Cooper

Other changes in directors holding office are as follows:

D J Baldock - resigned 1st March 2025

D Vine - appointed 1st March 2025

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The company uses financial instruments, other than derivatives, comprising borrowings, cash and other liquid resources and various other items such as trade debtors and creditors that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the company's operations. The main risks arising from the company's financial instruments are interest rate risk, liquidity risk and customer credit exposure. The directors review and agree policies for managing each of these risks and they are summarised below.

Interest rate risk

The company finances its operations using retained profits. The directors do not consider that there is a risk of significant fluctuation in the rate for the foreseeable future.

Liquidity risk

The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest any cash assets safely and profitably. Debt is structured so repayments can be made out of cash generated through operations.

Customer credit exposure

The company may offer credit terms to its customers which allow payment of the debt after delivery of the goods or services. The company is at risk to the extent that a customer may be unable to pay the debt on the specified due date. This risk is mitigated by the strong on-going customer relationships and active debt management.

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

Going concern

The directors have given careful consideration to the risks and uncertainties on businesses operations and have budgeted for a much reduced turnover for the forthcoming financial year whilst a full reorganisation of the business is carried out and legacy projects are concluded.

The strength of the Company is that of the Group, and there are sufficient funds available within the Group to carry the business through the next twelve months enabling the transition to complete.

After reviewing the Company's forecasts and projections, the directors have a reasonable expectation that the Company has access to 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.

QUALIFYING THIRD PARTY INDEMNITY PROVISION

In accordance with clause 20.1.1 of the Articles of Association, a qualifying indemnity provision is in force for the benefit of each of the directors of the company.

MATTERS COVERED IN THE STRATEGIC REPORT

Information in respect of business review and key performance indicators (KPIs) are not shown in the Directors' Report because they are presented in the Strategic Report in accordance with s414c(ii) 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.

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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITOR

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 auditor is unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

AUDITORS

The auditor, GMP Audit Limited, Statutory Auditor offer themselves for re-appointment as auditor in accordance with Section 485(4) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

C Lapina-Amarelle FMAAT FCCA - Director

23rd June 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

FIRE PROTECTION LIMITED

Opinion

We have audited the financial statements of Fire Protection Limited (the 'company') for the year ended 30th September 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 30th September 2025 and of its loss 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

FIRE PROTECTION 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

FIRE PROTECTION 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 objective of our audit include:

- |  | To identify and assess the risks of material misstatement of the financial statements due to fraud or error; |

- |  | To obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and |

- |  | To respond appropriately to those risks. |

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 the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities including fraud and non-compliance with laws and regulations, our procedures included the following:

- |  | We obtained an understanding of the legal and regulatory framework applicable to the company andthe sector in which they operate. We determined that the following laws and regulations were mostsignificant: Companies Act 2006, relevant tax legislation and health and safety laws. |

- |  | We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making enquiries of management of the company. We corroborated our enquiries through our review of legal costs, associated papers and regulator correspondence, where available, along with consideration of the results of our audit procedures for the company. |

- |  | We assessed the susceptibility of the company's financial statements to material misstatements, including how fraud might occur. Audit procedures performed by the engagement team included: |

| - |  | Identifying and assessing the design-effectiveness of controls management has in place to prevent and detect fraud; |

| - |  | Understanding how those charged with governance considered and addressed the potential override of controls or other appropriate influence over the financial reporting process; |

| - |  | Challenging assumptions and judgements made by management in its significant accounting estimates; |

| - |  | Identifying and testing journal entries, in particular any journal entries posted outside of the financial team; and |

| - |  | Assessing the extent of compliance with the relevant laws and regulations. |

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

FIRE PROTECTION 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.

Daniel Sallows FCA (Senior Statutory Auditor)

for and on behalf of GMP Audit Limited, Statutory Auditor

20 Eversley Road

Bexhill on Sea

East Sussex

TN40 1HE

24th June 2026

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £'000 | £'000 | £'000 | £'000 |

TURNOVER | 3 | 19,593 |  | 17,763 |  |

Cost of sales | 19,317 |  | 15,934 |  |

GROSS PROFIT | 276 |  | 1,829 |  |

Distribution costs | 197 |  | 214 |  |

Administrative expenses | 2,182 |  | 2,875 |  |

|  | 2,379 |  |  |  | 3,089 |  |

OPERATING LOSS | (2,103 | ) | (1,260 | ) |

Interest receivable and similar income | 5 | 1 |  | - |  |

(2,102 | ) | (1,260 | ) |

Interest payable and similar expenses | 6 | 172 |  | 59 |  |

LOSS BEFORE TAXATION | 7 | (2,274 | ) | (1,319 | ) |

Tax on loss | 8 | 280 |  | (733 | ) |

LOSS FOR THE FINANCIAL YEAR | (2,554 | ) | (586 | ) |

Retained earnings at beginning of year | 2,641 |  | 3,227 |  |

RETAINED EARNINGS AT END OF YEAR | 87 |  | 2,641 |  |

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

STATEMENT OF FINANCIAL POSITION

30TH SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £'000 | £'000 | £'000 | £'000 |

FIXED ASSETS

Intangible assets | 9 | 10 |  | 20 |  |

Tangible assets | 10 | 52 |  | 73 |  |

Investments | 11 | - |  | - |  |

62 |  | 93 |  |

CURRENT ASSETS

Stocks | 12 | 157 |  | 173 |  |

Debtors | 13 | 3,931 |  | 6,524 |  |

Cash at bank | 93 |  | 99 |  |

4,181 |  | 6,796 |  |

CREDITORS

Amounts falling due within one year | 14 | 3,187 |  | 3,998 |  |

NET CURRENT ASSETS | 994 |  | 2,798 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,056 |  | 2,891 |  |

PROVISIONS FOR LIABILITIES | 17 | 719 |  | - |  |

NET ASSETS | 337 |  | 2,891 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 250 |  | 250 |  |

Retained earnings | 19 | 87 |  | 2,641 |  |

SHAREHOLDERS' FUNDS | 337 |  | 2,891 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 23rd June 2026 and were signed on its behalf by:

C Lapina-Amarelle FMAAT FCCA - Director

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Fire Protection 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.

| 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.

| Going concern

| The directors have given careful consideration to the risks and uncertainties on businesses operations and have budgeted for a much reduced turnover for the forthcoming financial year whilst a full reorganisation of the business is carried out and legacy projects are concluded.

| The strength of the Company is that of the Group, and there are sufficient funds available within the Group to carry the business through the next twelve months enabling the transition to complete.

| After reviewing the Company's forecasts and projections, the directors have a reasonable expectation that the Company has access to 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.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The accounts of Fire Protection Limited (the “Company”) have adopted the following disclosure exemptions:

| - the requirement to present a statement of cash flows and related notes

| - financial instrument disclosures, including:

| 1. categories of financial instruments,

| 2. items of income, expenses, gains or losses relating to financial instruments, and

| exposure to and management of financial risks.

| Preparation of consolidated financial statements

| The financial statements contain information about Fire Protection Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its ultimate parent undertaking Grob & Co Holdings Limited, registered in England and Wales.

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Significant judgements and estimates

| Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

| Long term contracts

| The Turnover policy, described below, requires forecasts to be made of the outcomes of long term contracts, which require assessments and judgements to be made on the costs to complete, changes in the scope of work, contract programmes and changes in costs. There are several long term contracts where the Company has incorporated significant judgements over contractual entitlements. The range of potential outcomes could result in a positive or negative change to the underlying profitability and cash flow.

| The Company maintains robust controls to monitor performance and review those judgements. Where it is considered that the outcome of a long term contract can be assessed with reasonable certainty, attributable profit is recognised in the profit and loss account as the difference between the reported turnover and related costs for that contract. Provision is made on a contract by contract basis for all foreseeable losses.

| The value of long term contract work in progress, including retentions, at the year end for the Company was £2,879,922 (2024: £5,397,670). The directors undertake detailed review and analysis of the progress of projects and the commercial position of the company, with the input from senior qualified Surveyors and project managers, to determine the appropriate carrying value.

| Turnover

| Turnover represents the fair value of consideration receivable for goods supplied and services provided in the ordinary course of business, net of trade discounts, value added tax and other similar taxes. Revenue is recognised when (or as) the entity satisfies its performance obligations by transferring promised goods or services to customers.

| Long term contracts

| Turnover from long-term contracts is recognised over time by reference to the stage of completion of the contract activity at the reporting date, where the outcome of the contract can be measured reliably. The stage of completion is assessed by reference to work performed and costs incurred to date as a percentage of total estimated contract costs. Contract costs are recognised as incurred. Variations, claims and incentive payments are included within turnover to the extent that entitlement exists, the amount can be measured reliably, and receipt is considered probable. Where it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised immediately in the profit and loss account.

| Intangible fixed assets and amortisation

| Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

| Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight-line method. The intangible assets are amortised over their estimated useful economic lives at the following rates:

| Licences 10% to 33% per annum on cost

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

| Plant and machinery | - | 5 years

| Office equipment | - | 3 to 7 years

| Motor vehicles | - | 4 years

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

| Stocks are stated at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Direct overheads and direct labour costs are included in the cost of work in progress.

| Financial instruments

| Non-derivative financial instruments comprise trade and other receivables, cash and cash equivalents, loans and borrowings and trade and other payables.

| A financial instrument is recognised if the company becomes party to the contractual provisions of the instrument. Financial instruments are derecognised if the company's contractual rights to the cash flows from the financial asset expire. Financial liabilities are derecognised if the company's obligations specified in the contract expire or are discharged or cancelled.

| 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 statement of financial position date.

| Where tax losses are transferred between group companies and consideration is paid for those losses, the associated tax effects are recognised within the tax charge in the individual entity's Income Statement, with any related intercompany balances recognised as amounts due from or due to group undertakings, as appropriate.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Hire purchase and leasing commitments

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

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Retirement benefits

| The company is a member of a group which operates a pension scheme providing benefits based on final pensionable pay. The assets of the scheme are held separately from those of the group. Contributions to the scheme are charged to the profit and loss account so as to spread the cost of pensions over employees' working lives with the group.

| The group also operates an auto enrolment pension scheme and a group personal pension scheme. The assets of the schemes are held separately from those of the group in independently administered funds. The amount charged against profits represents the contributions payable to the schemes in respect of the accounting period.

3. | TURNOVER

| All turnover arises within the UK and relates to the company's principal activity of fire protected ventilation and air conditioning ductwork manufacturers and contractors.

| The amount of contract revenue recognised as turnover in the year was £19,586,029 (2024: £17,745,764).

4. | EMPLOYEES AND DIRECTORS

|  | 2025 |  | 2024 |  |

|  | £'000 |  | £'000 |  |

| Wages and salaries |  | 2,253 |  | 3,380 |  |

| Social security costs |  | 265 |  | 351 |  |

| Other pension costs |  | 51 |  | 86 |  |

|  | 2,569 |  | 3,817 |  |

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

|  | 2025 |  | 2024 |  |

|  | Number |  | Number |  |

| Production |  | 14 |  | 25 |  |

| Administration |  | 25 |  | 48 |  |

|  | 39 |  | 73 |  |

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

| Remuneration in respect of directors was as follows:

|  | 2025 |  | 2024 |  |

|  | £'000 |  | £'000 |  |

| Emoluments |  | 62 |  | 117 |  |

| Pension contributions |  | 4 |  | 9 |  |

|  | 66 |  | 126 |  |

| During the period 1 director (2024: 1) participated in a money purchase pension scheme.

| Key management personnel includes directors of other group companies, however, they are remunerated by the respective group entities in which they hold their directorships, and no remuneration is paid by the Company in respect of this.

5. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 2025 |  | 2024

£'000 | £'000 |

| Other interest | 1 |  | - |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£'000 | £'000 |

| Interest payable to group

| companies | 172 |  | 59 |  |

172 |  | 59 |  |

7. | LOSS BEFORE TAXATION

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

|  | 2025 |  | 2024 |  |

|  | £'000 |  | £'000 |  |

| Hire of plant and machinery |  | 354 |  | 306 |  |

| Vehicle leasing |  | 59 |  | 77 |  |

| Depreciation of owned assets |  | 40 |  | 79 |  |

| Amortisation of owned assets |  | 10 |  | 18 |  |

| Auditor's remuneration |  | 15 |  | 14 |  |

| (Profit)/loss on disposal of fixed assets |  | (5 | ) | (3 | ) |

| Operating leases |  | 268 |  | 427 |  |

8. | TAXATION

| Analysis of the tax charge/(credit)

| The tax charge/(credit) on the loss for the year was as follows:

| 2025 |  | 2024

£'000 | £'000 |

| Current tax:

| UK corporation tax | (453 | ) | - |  |

| Deferred tax | 733 |  | (733 | ) |

| Tax on loss | 280 |  | (733 | ) |

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

8. | TAXATION - continued

| Reconciliation of total tax charge/(credit) 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

£'000 | £'000 |

| Loss before tax | (2,274 | ) | (1,319 | ) |

| Loss multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | (569 | ) | (330 | ) |

| Effects of:

| Expenses not deductible for tax purposes | 7 |  | 3 |  |

| Origination and reversal of timing differences not recognised | 27 |  | 16 |  |

| Deferred Tax asset not recognised in connection with losses | 82 |  | - |  |

| Reversal of Deferred Tax asset previously recognised in connection with losses | 733 |  | (422 | ) |

| Total tax charge/(credit) | 280 |  | (733 | ) |

| Management's assessment of the utilisation of tax losses changed during the year. As these losses are now expected to be surrendered by way of group relief, the deferred tax asset previously recognised in respect of these losses has been derecognised at the balance sheet date.

9. | INTANGIBLE FIXED ASSETS

| Patents

| and

| licences

£'000 |

| COST

| At 1st October 2024

| and 30th September 2025 | 38 |  |

| AMORTISATION

| At 1st October 2024 | 18 |  |

| Amortisation for year | 10 |  |

| At 30th September 2025 | 28 |  |

| NET BOOK VALUE

| At 30th September 2025 | 10 |  |

| At 30th September 2024 | 20 |  |

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

10. | TANGIBLE FIXED ASSETS

| Plant and |  | Office |  | Motor |

| machinery |  | equipment |  | vehicles |  | Totals

£'000 | £'000 | £'000 | £'000 |

| COST

| At 1st October 2024 | 376 |  | 416 |  | 118 |  | 910 |  |

| Additions | 15 |  | 4 |  | - |  | 19 |  |

| Disposals | - |  | (1 | ) | (118 | ) | (119 | ) |

| At 30th September 2025 | 391 |  | 419 |  | - |  | 810 |  |

| DEPRECIATION

| At 1st October 2024 | 355 |  | 364 |  | 118 |  | 837 |  |

| Charge for year | 12 |  | 28 |  | - |  | 40 |  |

| Eliminated on disposal | - |  | (1 | ) | (118 | ) | (119 | ) |

| At 30th September 2025 | 367 |  | 391 |  | - |  | 758 |  |

| NET BOOK VALUE

| At 30th September 2025 | 24 |  | 28 |  | - |  | 52 |  |

| At 30th September 2024 | 21 |  | 52 |  | - |  | 73 |  |

11. | FIXED ASSET INVESTMENTS

| At 30th September 2025 and 30th September 2024 the company owned 100% of the issued shares comprising 100 ordinary shares of £1 each of Firestorm Filtration Limited, a company incorporated in England and Wales, registered address 7 Marshall Road, Eastbourne, BN22 9AX. The company has not yet commenced trading.

12. | STOCKS

2025 | 2024 |

£'000 | £'000 |

| Raw materials | 157 |  | 173 |  |

| An impairment loss of £nil (2024: loss £3,406) was recognised in cost of sales against stock during the year in respect of slow-moving and obsolete stock.

13. | DEBTORS

2025 | 2024 |

£'000 | £'000 |

| Amounts falling due within one year:

| Trade debtors | 697 |  | 5,088 |  |

| Amounts owed by group undertakings | 767 |  | - |  |

| Amounts recoverable on contract | 1,604 |  | 310 |  |

| Other debtors | - |  | 5 |  |

| VAT | 111 |  | 183 |  |

| Deferred tax asset | - |  | 733 |  |

| Prepayments | 172 |  | 205 |  |

3,351 |  | 6,524 |  |

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

13. | DEBTORS - continued

2025 | 2024 |

£'000 | £'000 |

| Amounts falling due after more than one year:

| Amounts recoverable on contract | 580 |  | - |  |

| Aggregate amounts | 3,931 |  | 6,524 |  |

| Within trade debtors and amounts recoverable on contracts is a total of £2,300,142 (2024: £4,914,991) due within one year from customers for contract work. In addition, an amount of £579,780 (2024: £482,679) within trade debtors falls due after more than one year.

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

2025 | 2024 |

£'000 | £'000 |

| Payments on account | 138 |  | 174 |  |

| Trade creditors | 1,474 |  | 2,812 |  |

| Amounts owed to group undertakings | - |  | 184 |  |

| Tax | - |  | 1 |  |

| Social security and other taxes | 43 |  | 81 |  |

| Other creditors | 4 |  | 9 |  |

| Accrued expenses | 1,528 |  | 737 |  |

3,187 |  | 3,998 |  |

| Other creditors includes £3,964 (2024: £8,952) due in respect of pension contributions. The amount of contributions included therein in relation to directors is £2,137 (2024: £1,201).

15. | LEASING AGREEMENTS

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

2025 | 2024 |

£'000 | £'000 |

| Within one year | 407 |  | 433 |  |

| Between one and five years | 942 |  | 1,233 |  |

| In more than five years | 164 |  | 304 |  |

1,513 |  | 1,970 |  |

16. | SECURED DEBTS

| The company, together with other members of the group, has provided a debenture and cross guarantee in favour of Barclays Bank PLC as security for all money, obligations and liabilities owing to them. The security is capped at a maximum aggregate value of £600,000. Barclays Bank have a fixed charge over properties owned by the group and a floating charge over all other assets of the group.

| At the balance sheet date, there were no amounts owed to Barclays Bank PLC by any group company with regard to which the security could be called upon.

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

17. | PROVISIONS FOR LIABILITIES

| Provision for onerous contract

| The provision for onerous contracts represents the present obligation arising from contractual commitments where the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received. The provision is based on management's best estimate of the costs required to settle the obligation.

| At 30 September 2025, the provision amounted to £493,217 (2024: £31,493).

| Provision for dilapidations

| The dilapidations provision represents management's best estimate of the costs required to restore leased properties to the condition required under the terms of the relevant lease agreements at the end of the lease term.

| At 30 September 2025, the provision amounted to £225,605 (2024: £219,363).

| Comparative amounts for 2024 provisions were previously included within accruals (under creditors) and have been reclassified to provisions to improve the presentation of the financial statements. This reclassification had no effect on profit or net assets.

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £'000 | £'000 |

| 250,000 | Ordinary | £1 | 250 |  | 250 |  |

19. | RESERVES

| Retained

| earnings

£'000 |

| At 1st October 2024 | 2,641 |  |

| Deficit for the year | (2,554 | ) |

| At 30th September 2025 | 87 |  |

20. | PENSION COMMITMENTS

| The company participates in three pension schemes operated by Grob Group Limited, its immediate parent undertaking. Particulars of the group schemes are contained in the financial statements of Grob & Co Holdings Limited.

FIRE PROTECTION LIMITED (REGISTERED NUMBER: 02990058)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

21. | RELATED PARTY DISCLOSURES

| The company's ultimate parent undertaking is Grob & Co Holdings Ltd. Grob & Co Holdings Ltd is a company registered in England and Wales and heads the overall group in which the results of the company are consolidated.

| The ultimate controlling party of the group is Mr O C Y Grob.

| As the company is a wholly owned subsidiary of Grob & Co Holdings Limited, the company has taken advantage of the exemption contained in FRS 102 and has not disclosed transactions or balances with entities which form part of the group. The financial statements of Grob & Co Holdings Limited can be obtained from the company's registered office at 7 Marshall Road, Hampden Park Industrial Estate, Eastbourne, East Sussex, BN22 9AX.

| Directors consider that all key management personnel are directors of the company, information

| regarding Key management personnel compensation is included in note 4 of these accounts.

22. | ULTIMATE CONTROLLING PARTY

| The company's ultimate parent undertaking is Grob & Co Holdings Limited. The ultimate controlling party of the group is Mr O C Y Grob.

| Grob & Co Holdings Limited is a company registered in England and Wales. It is the company's ultimate parent undertaking and heads the largest group in which the results of the company are consolidated.