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REGISTERED NUMBER: 02628148 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Wirefield Limited

Wirefield Limited (Registered number: 02628148)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Wirefield Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | K A Davis

| L Chapman

| REGISTERED OFFICE: | 38 Standard Way

| Fareham Industrial Estate

| Fareham

| Hampshire

| PO16 8XG

| REGISTERED NUMBER: | 02628148 (England and Wales)

| ACCOUNTANTS: | Roches

| Chartered Accountants

| 1 Manor Court

| 6 Barnes Wallis Road

| Segensworth

| Fareham

| Hampshire

| PO15 5TH

Wirefield Limited (Registered number: 02628148)

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 42,143 |  | 21,538 |  |

CURRENT ASSETS

Stocks | 6 | 460,386 |  | 383,121 |  |

Debtors | 7 | 2,423,536 |  | 2,384,646 |  |

Cash at bank and in hand | 401,834 |  | 57,989 |  |

3,285,756 |  | 2,825,756 |  |

CREDITORS

Amounts falling due within one year | 8 | 712,872 |  | 410,188 |  |

NET CURRENT ASSETS | 2,572,884 |  | 2,415,568 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,615,027 |  | 2,437,106 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 17,063 |  | 11,369 |  |

NET ASSETS | 2,597,964 |  | 2,425,737 |  |

CAPITAL AND RESERVES

Called up share capital | 100,000 |  | 100,000 |  |

Retained earnings | 2,497,964 |  | 2,325,737 |  |

SHAREHOLDERS' FUNDS | 2,597,964 |  | 2,425,737 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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.

Wirefield Limited (Registered number: 02628148)

Balance Sheet - continued

31 December 2025

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 29 May 2026 and were signed on its behalf by:

K A Davis - Director

L Chapman - Director

Wirefield Limited (Registered number: 02628148)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Wirefield 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. | 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 represents net invoiced sales of goods, excluding value added tax, measured at the fair value of consideration received or receivable.

| 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.

| Short leasehold | - | 4% on cost

| Plant and machinery | - | 10% on cost

| Fixtures and fittings | - | 25% on cost and Straight line over 7 years

| Motor vehicles | - | 40% on reducing balance

| Computer equipment | - | 25% on cost

| Stocks

| Stocks have been valued at the lower of cost and net realisable value being the estimated selling price less costs to sell. Cost is based on the cost of purchase measured on a weighted average basis.

| At each reporting date, stocks are assessed for impairment and allowance is made for obsolete and slow-moving items.

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

| Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

| Financial assets & financial liabilities classified as receivable within one year are not amortised.

| 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.

Wirefield Limited (Registered number: 02628148)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

| 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.

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 15 (2024 - 16 ) .

Wirefield Limited (Registered number: 02628148)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 9,117 |  | 179,528 |  | 188,645 |  |

| Additions | - |  | 38,351 |  | 38,351 |  |

| Disposals | - |  | (44,485 | ) | (44,485 | ) |

| At 31 December 2025 | 9,117 |  | 173,394 |  | 182,511 |  |

| DEPRECIATION

| At 1 January 2025 | 2,265 |  | 164,842 |  | 167,107 |  |

| Charge for year | 365 |  | 15,770 |  | 16,135 |  |

| Eliminated on disposal | - |  | (42,874 | ) | (42,874 | ) |

| At 31 December 2025 | 2,630 |  | 137,738 |  | 140,368 |  |

| NET BOOK VALUE

| At 31 December 2025 | 6,487 |  | 35,656 |  | 42,143 |  |

| At 31 December 2024 | 6,852 |  | 14,686 |  | 21,538 |  |

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

| Plant and

| machinery

| etc

£ |

| COST

| Additions | 35,400 |  |

| At 31 December 2025 | 35,400 |  |

| DEPRECIATION

| Charge for year | 10,620 |  |

| At 31 December 2025 | 10,620 |  |

| NET BOOK VALUE

| At 31 December 2025 | 24,780 |  |

6. | STOCKS

| 31.12.25 |  | 31.12.24

£ | £ |

| Stocks | 460,386 |  | 383,121 |  |

Wirefield Limited (Registered number: 02628148)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 398,364 |  | 415,924 |  |

| Amounts owed by group undertakings | 1,979,069 |  | 1,884,664 |  |

| Other debtors | 46,103 |  | 84,058 |  |

2,423,536 |  | 2,384,646 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans and overdrafts | 10,490 |  | 10,225 |  |

| Hire purchase contracts | 6,066 |  | - |  |

| Trade creditors | 450,848 |  | 271,353 |  |

| Taxation and social security | 113,967 |  | 71,661 |  |

| Other creditors | 131,501 |  | 56,949 |  |

712,872 |  | 410,188 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans | 885 |  | 11,369 |  |

| Hire purchase contracts | 16,178 |  | - |  |

17,063 |  | 11,369 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank overdraft | 6 |  | - |  |

| Hire purchase contracts | 22,244 |  | - |  |

22,250 |  | - |  |

| The above hire purchase debt is secured against the asset concerned.

| The bank overdraft is secured by a fixed and floating charge over the company's assets.

| A charge is held over the book debts of the company by HSBC Invoice Finance (UK) Limited.

11. | OTHER FINANCIAL COMMITMENTS

| Wirefield Limited and Mandaco 516 Limited have issued to HSBC Bank PLC, an unlimited composite company guarantee to secure all liabilities of each other.

| As at the year end, the company had obligations totalling £261,657 (2024: £347,282) in respect of non-cancellable operating leases.