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REGISTERED NUMBER: 11563824 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 28 February 2026 |

| for |

| International Metals and Cable Recycling |

| Limited |

| International Metals and Cable Recycling |

| Limited (Registered number: 11563824) |

Contents of the Financial Statements

for the Year Ended 28 February 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| International Metals and Cable Recycling |

| Limited |

Company Information

for the Year Ended 28 February 2026

| DIRECTORS: | A P M Bird

| A N Bird

| D A Piper

| REGISTERED OFFICE: | Euston House

| 12 Euston Place

| Leamington Spa

| CV32 4BN

| REGISTERED NUMBER: | 11563824 (England and Wales)

| ACCOUNTANTS: | Leigh Christou Ltd

| Chartered Certified Accountants

| Leofric House

| Binley Road

| Coventry

| CV3 1JN

| International Metals and Cable Recycling |

| Limited (Registered number: 11563824) |

Balance Sheet

28 February 2026

| 28.2.26 | 28.2.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 99,498 |  | 127,524 |  |

Tangible assets | 5 | 957,293 |  | 1,056,448 |  |

1,056,791 |  | 1,183,972 |  |

CURRENT ASSETS

Stocks | 2,381,085 |  | 1,945,574 |  |

Debtors | 6 | 1,147,909 |  | 580,135 |  |

Cash at bank | 1,076,679 |  | 467 |  |

4,605,673 |  | 2,526,176 |  |

CREDITORS

Amounts falling due within one year | 7 | 4,004,383 |  | 2,009,582 |  |

NET CURRENT ASSETS | 601,290 |  | 516,594 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,658,081 |  | 1,700,566 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (405,953 | ) | (668,481 | ) |

PROVISIONS FOR LIABILITIES | (227,344 | ) | (216,416 | ) |

NET ASSETS | 1,024,784 |  | 815,669 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 1,024,684 |  | 815,569 |  |

1,024,784 |  | 815,669 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

| International Metals and Cable Recycling |

| Limited (Registered number: 11563824) |

Balance Sheet - continued

28 February 2026

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2026 and were signed on its behalf by:

D A Piper - Director

A N Bird - Director

| International Metals and Cable Recycling |

| Limited (Registered number: 11563824) |

Notes to the Financial Statements

for the Year Ended 28 February 2026

1. | STATUTORY INFORMATION

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

| Intangible assets

| Development costs are amortised to the profit and loss account over their estimated useful economic life.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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

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

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| 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 Statement of Income and Retained Earnings, 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.

| International Metals and Cable Recycling |

| Limited (Registered number: 11563824) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2026

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

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

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

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

| Pension costs and other post-retirement benefits

| The company operates 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 16 (2025 - 15 ) .

4. | INTANGIBLE FIXED ASSETS

| Development

| costs

£ |

| COST

| At 1 March 2025 | 212,683 |  |

| Additions | 5,000 |  |

| At 28 February 2026 | 217,683 |  |

| AMORTISATION

| At 1 March 2025 | 85,159 |  |

| Amortisation for year | 33,026 |  |

| At 28 February 2026 | 118,185 |  |

| NET BOOK VALUE

| At 28 February 2026 | 99,498 |  |

| At 28 February 2025 | 127,524 |  |

| International Metals and Cable Recycling |

| Limited (Registered number: 11563824) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2026

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 March 2025 | 1,678,684 |  | 22,511 |  | 55,750 |  | 4,692 |  | 1,761,637 |  |

| Additions | 146,749 |  | 12,000 |  | 25,252 |  | 4,197 |  | 188,198 |  |

| Disposals | (8,000 | ) | - |  | - |  | - |  | (8,000 | ) |

| At 28 February 2026 | 1,817,433 |  | 34,511 |  | 81,002 |  | 8,889 |  | 1,941,835 |  |

| DEPRECIATION

| At 1 March 2025 | 669,164 |  | 12,920 |  | 21,411 |  | 1,694 |  | 705,189 |  |

| Charge for year | 260,389 |  | 4,731 |  | 12,794 |  | 1,439 |  | 279,353 |  |

| At 28 February 2026 | 929,553 |  | 17,651 |  | 34,205 |  | 3,133 |  | 984,542 |  |

| NET BOOK VALUE

| At 28 February 2026 | 887,880 |  | 16,860 |  | 46,797 |  | 5,756 |  | 957,293 |  |

| At 28 February 2025 | 1,009,520 |  | 9,591 |  | 34,339 |  | 2,998 |  | 1,056,448 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 March 2025 | 1,388,993 |  | 55,750 |  | 1,444,743 |  |

| Additions | 56,500 |  | 25,252 |  | 81,752 |  |

| At 28 February 2026 | 1,445,493 |  | 81,002 |  | 1,526,495 |  |

| DEPRECIATION

| At 1 March 2025 | 527,530 |  | 21,411 |  | 548,941 |  |

| Charge for year | 220,220 |  | 12,794 |  | 233,014 |  |

| At 28 February 2026 | 747,750 |  | 34,205 |  | 781,955 |  |

| NET BOOK VALUE

| At 28 February 2026 | 697,743 |  | 46,797 |  | 744,540 |  |

| At 28 February 2025 | 861,463 |  | 34,339 |  | 895,802 |  |

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

| 28.2.26 |  | 28.2.25

£ | £ |

| Trade debtors | 657,095 |  | 242,607 |  |

| Other debtors | 490,814 |  | 337,528 |  |

1,147,909 |  | 580,135 |  |

| International Metals and Cable Recycling |

| Limited (Registered number: 11563824) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2026

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

| 28.2.26 |  | 28.2.25

£ | £ |

| Bank loans and overdrafts | 5,000 |  | 54,236 |  |

| Hire purchase contracts | 321,330 |  | 298,753 |  |

| Trade creditors | 3,440,419 |  | 1,477,939 |  |

| Taxation and social security | 23,338 |  | 10,032 |  |

| Other creditors | 214,296 |  | 168,622 |  |

4,004,383 |  | 2,009,582 |  |

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

| 28.2.26 |  | 28.2.25

£ | £ |

| Bank loans | - |  | 9,500 |  |

| Hire purchase contracts | 305,953 |  | 558,981 |  |

| Other creditors | 100,000 |  | 100,000 |  |

405,953 |  | 668,481 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 28.2.26 |  | 28.2.25

£ | £ |

| Bank loans | 5,000 |  | 29,500 |  |

| Hire purchase contracts | 627,283 |  | 857,734 |  |

632,283 |  | 887,234 |  |

| The hire purchase obligations totalling £627,283 (2025: £857,734) are secured against the assets to which they relate.

| The bank loan is secured by way of a fixed and floating charge over the assets and undertaking of the company in favour of National Westminster Bank Plc, supported by a negative pledge.

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 28 February 2026 and 28 February 2025:

| 28.2.26 |  | 28.2.25

£ | £ |

| A N Bird

| Balance outstanding at start of year | 10,000 |  | - |  |

| Amounts advanced | 10,570 |  | 10,000 |  |

| Amounts repaid | (37,500 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (16,930 | ) | 10,000 |  |

| International Metals and Cable Recycling |

| Limited (Registered number: 11563824) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2026

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| D A Piper

| Balance outstanding at start of year | 63,033 |  | 46,269 |  |

| Amounts advanced | 84,800 |  | 116,764 |  |

| Amounts repaid | (100,500 | ) | (100,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 47,333 |  | 63,033 |  |

| The above amount owed to the company by the director: D A Piper, is charges at the HMRC official rate of interest, and is repaid in full following the balance sheet date.

| The above amount owed to the director: A N Bird, by the company is interest free, and has no set term of repayment.

11. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £63,000 were paid to the directors .

| At the balance sheet date there was an amount outstanding to Henwar Developments Limited, a company under the common control of the directors, of £100,000 (2025 - £100,000). Interest of £11,100 (2025 - £11,100) was charged in the accounts.

| During the year, purchases of £30,500 (2025 - £27,000) were made from Henwar Developments Ltd. The amount payable at the year end was £24,000 (2025 - £24,00).

| The rent charged by Henwar Developments Limited in the year for use of property was £66,996 (2025 - £66,996).

| Included in other creditors at the balance sheet date is £117,525 (2025 - £117,525) from a company under the control of a director for an interest free loan repayable on demand.

| During the year the company purchased assets from the company directors for a value of £75,000. These amounts have been offset against the director's loan accounts

| At the balance sheet date there was an amount outstanding to Bird Group of Companies Ltd totalling £4,073 (2025- £4,073) a company under the control of a director.