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REGISTERED NUMBER: 04211140 (England and Wales)

| WPS UNITED KINGDOM LIMITED |

| AUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST DECEMBER 2025 |

WPS UNITED KINGDOM LIMITED (REGISTERED NUMBER: 04211140) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

| Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |  | to |  | 7

| WPS UNITED KINGDOM LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2025

| DIRECTORS: | Ms L L Legg

| Mr S Gow

| REGISTERED OFFICE: | Watermoor Point

| Watermoor Road

| CIRENCESTER

| Gloucestershire

| GL7 1LF

| REGISTERED NUMBER: | 04211140 (England and Wales)

| AUDITORS: | Morris Owen

| Statutory Auditors

| 43-45 Devizes Road

| SWINDON

| Wiltshire

| SN1 4BG

WPS UNITED KINGDOM LIMITED (REGISTERED NUMBER: 04211140) |

STATEMENT OF FINANCIAL POSITION

31ST DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 9,048 |  | 12,599 |  |

CURRENT ASSETS

Stocks | 5 | 423,733 |  | 311,610 |  |

Debtors | 6 | 712,458 |  | 775,838 |  |

Cash at bank and in hand | 36,667 |  | 176,877 |  |

1,172,858 |  | 1,264,325 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,023,445 |  | 2,961,647 |  |

NET CURRENT LIABILITIES | (850,587 | ) | (1,697,322 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (841,539 | ) | (1,684,723 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | 1,570,680 |  | 362,818 |  |

NET LIABILITIES | (2,412,219 | ) | (2,047,541 | ) |

CAPITAL AND RESERVES

Called up share capital | 10 | 1,950,000 |  | 1,950,000 |  |

Retained earnings | (4,362,219 | ) | (3,997,541 | ) |

SHAREHOLDERS' FUNDS | (2,412,219 | ) | (2,047,541 | ) |

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 2nd July 2026 and were signed on its behalf by:

Ms L L Legg - Director

WPS UNITED KINGDOM LIMITED (REGISTERED NUMBER: 04211140) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. | STATUTORY INFORMATION

| WPS United Kingdom Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04211140. The registered office address and place of business is

| Watermoor Point

| Watermoor Road

| Cirencester

| Gloucestershire

| GL7 1LF

| The presentational currency of the financial statements is in Pound Sterling (£) rounded to the nearest pound.

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.

| Going concern

| The directors have received a letter of support from the parent undertaking stating that the company will be provided with adequate financial resources by its immediate parent undertaking to continue in operations for the foreseeable future. Further to this, the directors continue to assess future trading forecasts and expected cash flow requirements. For these reasons the directors continue to adopt the going concern basis in preparing the financial statements.

| Significant judgements and estimates

| In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future years.

| Critical judgements in applying the Company's accounting policies

| There are not deemed to be any critical judgements, apart from those involving estimations (which are dealt with separately below), that the directors have made in the process of applying the Company's accounting policies and that have had a significant effect on the amounts recognised in the financial statements.

| Key sources of estimation uncertainty

| The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets or liabilities within the next financial year are addressed below.

| Revenue recognition: The estimates and associated assumptions around the outcome of construction contracts are based on historical experience and other factors that are considered to be relevant such as a regular and ongoing contract review processes. Actual results may differ from these estimates. These are reviewed monthly to monitor any delay in completion times and action taken to mitigate delays.

WPS UNITED KINGDOM LIMITED (REGISTERED NUMBER: 04211140) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. All of these asset categories are included within Plant and Machinery.

| Hardware PC's |  | - |  | 50% Straight line |  |

| Other light equipment |  | - |  | 30% Straight line |  |

| Office furniture |  | - |  | 20% Straight line |  |

| Some assets have a different depreciation rate that is in line with the lease term of the asset. This is at 70% straight line and applies to 2 assets.

| 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 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

WPS UNITED KINGDOM LIMITED (REGISTERED NUMBER: 04211140) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Impairment of assets

| Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

| Non-financial assets

| An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

| Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

| Construction contracts

| Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

| Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred.

| When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

| Contract work in progress is stated at costs incurred, less those transferred to the profit and loss account, after deducting foreseeable losses and payments on account not matched with turnover.

| Amounts recoverable on contracts are included in debtors and represent turnover recognised in excess of payments on account.

| Amounts payable on contract are included in creditors and represent payments on account in excess of turnover recognised.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 28 (2024 - 28 ) .

WPS UNITED KINGDOM LIMITED (REGISTERED NUMBER: 04211140) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1st January 2025 | 126,297 |  |

| Additions | 4,947 |  |

| Disposals | (36,519 | ) |

| At 31st December 2025 | 94,725 |  |

| DEPRECIATION

| At 1st January 2025 | 113,698 |  |

| Charge for year | 8,498 |  |

| Eliminated on disposal | (36,519 | ) |

| At 31st December 2025 | 85,677 |  |

| NET BOOK VALUE

| At 31st December 2025 | 9,048 |  |

| At 31st December 2024 | 12,599 |  |

5. | STOCKS

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Stock |  | 286,686 |  |  | 268,495 |  |

| Work in progress |  | 216,372 |  |  | 43,115 |  |

|  | 503,058 |  |  | 311,610 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 494,521 |  | 475,278 |  |

| Other debtors | 217,937 |  | 300,560 |  |

712,458 |  | 775,838 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 236,810 |  | 159,926 |  |

| Amounts owed to other group companies | 559,425 |  | 1,419,784 |  |

| Social security and other taxes | 42,455 |  | 37,161 |  |

| VAT | 105,636 |  | 146,750 |  |

| Amounts payable on contracts | 173,075 |  | 79,343 |  |

| Accrued expenses | 323,454 |  | 386,624 |  |

| Deferred income | 582,590 |  | 732,059 |  |

2,023,445 |  | 2,961,647 |  |

WPS UNITED KINGDOM LIMITED (REGISTERED NUMBER: 04211140) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

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

2025 | 2024 |

£ | £ |

| Amounts owed to other group companies | 1,570,680 |  | 362,818 |  |

9. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 166,002 |  | 171,313 |  |

| Between one and five years | 42,597 |  | 125,474 |  |

208,599 |  | 296,787 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 1,950,000 | Ordinary | 1 | 1,950,000 |  | 1,950,000 |  |

11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Jenna Lauren Probets (Senior Statutory Auditor)

| for and on behalf of Morris Owen

12. | ULTIMATE CONTROLLING PARTY

| The immediate parent company is WPS Group BV, a company registered in The Netherlands.

| The ultimate controlling party is Certina Solutions AG, located at Robert-Koch-Str. 5 a, 82031 Grünwald, Germany.