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REGISTERED NUMBER: 05338370 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 January 2026 |

| for |

| SP Powerworld Ltd |

SP Powerworld Ltd (Registered number: 05338370)

Contents of the Financial Statements

for the Year Ended 31 January 2026

| Page |

Chartered accountants' report | 1 |

Statement of financial position | 2 |  | to |  | 3

Notes to the financial statements | 4 |  | to |  | 8

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

SP Powerworld Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SP Powerworld Ltd for the year ended 31 January 2026 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of SP Powerworld Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SP Powerworld Ltd and state those matters that we have agreed to state to the director of SP Powerworld Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SP Powerworld Ltd and its director for our work or for this report.

It is your duty to ensure that SP Powerworld Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of SP Powerworld Ltd. You consider that SP Powerworld Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SP Powerworld Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

22 St George's Street

Stamford

Lincolnshire

PE9 2BU

1 July 2026

SP Powerworld Ltd (Registered number: 05338370)

Statement of Financial Position

31 January 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 5 | 9,665 |  | 10,758 |  |

Current assets

Stocks | 6 | 22,894 |  | 22,587 |  |

Debtors | 7 | 497 |  | 6,481 |  |

Cash at bank | 172,117 |  | 183,580 |  |

195,508 |  | 212,648 |  |

Creditors

Amounts falling due within one year | 8 | 28,075 |  | 15,636 |  |

Net current assets | 167,433 |  | 197,012 |  |

Total assets less current liabilities | 177,098 |  | 207,770 |  |

Provisions for liabilities | 1,132 |  | 1,185 |  |

Net assets | 175,966 |  | 206,585 |  |

Capital and reserves

Called up share capital | 9 | 2 |  | 2 |  |

Capital redemption reserve | 98 |  | 98 |  |

Retained earnings | 175,866 |  | 206,485 |  |

Shareholders' funds | 175,966 |  | 206,585 |  |

SP Powerworld Ltd (Registered number: 05338370)

Statement of Financial Position - continued

31 January 2026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2026 and were signed by:

J T Daff - Director

SP Powerworld Ltd (Registered number: 05338370)

Notes to the Financial Statements

for the Year Ended 31 January 2026

1. | Statutory information

| SP Powerworld Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 05338370

| Registered office: | Willows

| Waterside

| Ryhall

| Stamford

| Lincolnshire

| PE9 4EY

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

2. | Statement of compliance

| 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. | Accounting policies

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Turnover

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

| The company recognises revenue when:

| The amount of revenue can be reliably measured;

| it is probable that future economic benefits will flow to the entity;

| and specific criteria have been met for each of the company's activities.

| Tangible fixed assets

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

| Freehold property | - | 10% on reducing balance

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible asset includes directly attributable incremental costs incurred in their acquisition and installation.

| Stocks

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

SP Powerworld Ltd (Registered number: 05338370)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

3. | Accounting policies - continued

| Taxation

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

| 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.

| Pension costs and other post-retirement benefits

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

| Foreign currency transactions and balances

| Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

| Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

SP Powerworld Ltd (Registered number: 05338370)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

3. | Accounting policies - continued

| Trade debtors

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

| Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

| Trade creditors

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

| Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

| Share Capital

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

| Dividends

| Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

| Going concern

| The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon an improvement in the company's trading position and continued financial support from its directors, shareholders and related companies and partnerships. The financial statements do not include any adjustments that would arise if such support is not continuing.

4. | Employees and directors

| The average number of employees during the year was 3 (2025 - 3 ) .

SP Powerworld Ltd (Registered number: 05338370)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

5. | Tangible fixed assets

| Fixtures |

| Freehold |  | Plant and |  | and |  | Computer |

| property |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| Cost

| At 1 February 2025 | 6,840 |  | 14,876 |  | 11,337 |  | 15,202 |  | 48,255 |  |

| Additions | - |  | - |  | - |  | 1,529 |  | 1,529 |  |

| At 31 January 2026 | 6,840 |  | 14,876 |  | 11,337 |  | 16,731 |  | 49,784 |  |

| Depreciation

| At 1 February 2025 | 5,814 |  | 11,721 |  | 10,048 |  | 9,914 |  | 37,497 |  |

| Charge for year | 103 |  | 789 |  | 324 |  | 1,406 |  | 2,622 |  |

| At 31 January 2026 | 5,917 |  | 12,510 |  | 10,372 |  | 11,320 |  | 40,119 |  |

| Net book value

| At 31 January 2026 | 923 |  | 2,366 |  | 965 |  | 5,411 |  | 9,665 |  |

| At 31 January 2025 | 1,026 |  | 3,155 |  | 1,289 |  | 5,288 |  | 10,758 |  |

6. | Stocks

2026 | 2025 |

£ | £ |

| Stocks | 22,894 |  | 22,587 |  |

7. | Debtors: amounts falling due within one year |

2026 | 2025 |

£ | £ |

| Trade debtors | 452 |  | 361 |  |

| Payments on account | - |  | 6,048 |  |

| VAT | 45 |  | 72 |  |

497 |  | 6,481 |  |

8. | Creditors: amounts falling due within one year |

2026 | 2025 |

£ | £ |

| Bank loans and overdrafts | 10,055 |  | 4,589 |  |

| Payments on account | 1,421 |  | - |  |

| Trade creditors | 10,038 |  | 7,626 |  |

| Corporation tax | - |  | (4,129 | ) |

| Social security and other taxes | 710 |  | 2,025 |  |

| Other creditors | 600 |  | 600 |  |

| Directors' loan accounts | 1,584 |  | 1,584 |  |

| Accrued expenses | 3,667 |  | 3,341 |  |

28,075 |  | 15,636 |  |

SP Powerworld Ltd (Registered number: 05338370)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

9. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 2 | Ordinary | 1 | 2 |  | 2 |  |