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REGISTERED NUMBER: 02294468 (England and Wales)

Strategic Report, Directors' Report and

Audited Financial Statements for the Year Ended 31 December 2025

for

Rolec Services Limited

Rolec Services Limited (Registered number: 02294468)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Strategic Report | 2 |

Directors' Report | 5 |

Report of the Independent Auditors | 7 |

Statement of Income and Retained Earnings | 11 |

Balance Sheet | 12 |

Notes to the Financial Statements | 13 |

Rolec Services Limited

Company Information

for the Year Ended 31 December 2025

| Directors: | Ms A I M Berninger

| Mr P E B Stegersjö

| Mr F J Mellon

| Mr P J N Van Der Merwe

| Registered office: | Rolec, Ralphs Lane

| Frampton West

| Boston

| Lincolnshire

| PE20 1QU

| Registered number: | 02294468 (England and Wales)

| Senior statutory auditor: | Michael Andrews BSc FCA

| Auditors: | Stephenson Smart (East Anglia) Limited

| Chartered Accountants & Statutory Auditors

| 22-26 King Street

| King's Lynn

| Norfolk

| PE30 1HJ

Rolec Services Limited (Registered number: 02294468)

Strategic Report

for the Year Ended 31 December 2025

The directors present their strategic report for the year ended 31 December 2025.

Review of business

During the year ending 31 December 2025, the company turnover was £26,246,459 which has increased from the prior year: £23,568,989 (2024).

The full results of the company are set out on page 11.

Principal risks and uncertainties

The Directors have considered the principal risks and uncertainties facing the business and have implemented appropriate systems and procedures to mitigate their potential impact. As with any organisation operating in a dynamic and evolving environment, our business faces several external and internal risks and uncertainties that could impact performance, planning, and long-term sustainability. The following key risks have been identified as having the most significant potential to affect the Company's performance and operations:

1. Supply Chain Disruptions

Component shortages, such as semiconductors, PCB's, cables, and electrical components, supplier dependency and increased raw material and logistics costs are all factors which impact margins and present a risk to business continuity.

To mitigate this, the Company is actively diversifying its supplier base, maintaining critical inventory levels, and exploring alternative sourcing arrangements.

2. Economic Conditions and Market Demand

Of the three core sectors of the business, the EV sector is influenced most by fluctuating economic conditions and market demand, typically driven by several factors:

EV adoption rates and government incentives

Policy changes, and shifts in UK/EU subsidies

Increasing numbers of EV charger manufacturers and low-cost imports

International conflicts creating additional cost pressures

The Company seeks to mitigate these risks by maintaining a diverse customer base, offering flexible SaaS packages, strengthening our product portfolio and focusing on customer retention strategies.

3. Regulatory Compliance and Environmental Legislation

The Company operates within a highly regulated industry and must comply with evolving electrical, environmental, energy, and safety standards.

A product certification risk exists due to possible delays or failures in meeting CE/UKCA or other certifications which are required within our industry.

Data protection and security risks exist related to GDPR, when we handle user data through smart charging and back-office systems.

To mitigate these risks, the Company remains proactive in monitoring regulatory developments and investing in sustainable and compliant technologies.

Rolec Services Limited (Registered number: 02294468)

Strategic Report

for the Year Ended 31 December 2025

Principal risks and uncertainties (continued)

4. Technological Change and Innovation

The EV industry is experiencing rapid technological changes which increases the risk of product obsolescence. Smart/connected charging units increase the vulnerability to cybersecurity threats and attacks and system integration issues and compatibility risks exist because of the diversity of vehicles, apps, solar or grid systems within the charging networks. The Company continues to invest extensively in research and development and actively seeks innovation partnerships to ensure its products and services remain at the forefront of the industry.

5. Labour and Skills Availability

Inadequate training, especially in EV industries has a negative effect on the industry as a whole and throttles market demand. Rolec mitigates this through structured training programmes in partnership with industry providers to upskill our own workforce and that of contract installers. In addition, certification pathways and internal knowledge-sharing platforms help ensure readiness across key areas.

Future business, development and performance

Strategy over the next year will be focused on cementing its previous successes through sustainable expansion, operational excellence, and a renewed commitment to the values that underpin long-term growth.

Financial reporting

The directors use a variety of performance measures to monitor and manage the business with a deliberate focus on profitability to ensure an ability to reinvest back into the business. The performance of the company is measured on turnover, gross profit, and profit before tax.

12 months to |  | Dec 2025 |  | Dec 2024 |  |

| £ |  | £ |  |

Turnover |  | 26,246 |  | 23,569 |  |

Gross Profit |  | 12,538 |  | 10,379 |  |

GP % |  | 48% |  | 44% |  |

Profit Before Tax |  | 6,410 |  | 5,747 |  |

PBT % |  | 24% |  | 24% |  |

Long-term strategy and decision-making

The Company's long-term strategy is focused on maintaining competitive advantage through compliance and innovation. Our commitment to the EU region reflects increasing alignment with European regulatory frameworks, product standards and sustainability objectives and as a result we are fostering closer partnerships with key European industry specialists to refine solutions tailored to local markets.

Engagement with stakeholders

Employees: For our staff, the 'People First' approach means more than words, it translates into action. We are actively improving working conditions, enhancing transparency, and promoting flexibility.

Customers and Suppliers: Combined with our integrated manufacturing model and extensive product development capabilities, Rolec's ho listic approach provides a market-leading and future-ready product range across all the industries we serve. Mai ntaining strong, transparent, and collaborative relationships with customers and suppliers is key to our operational r esilience. We engage regularly to understand their needs and expectations, and to improve service delivery and sup ply chain efficiency.

Regulators and Industry Bodies: We maintain open communication with regulatory authorities and industry bodies, ensuring compliance and alignme nt with best practices in all sectors that we serve.

Rolec Services Limited (Registered number: 02294468)

Strategic Report

for the Year Ended 31 December 2025

Environmental

The directors are conscious of the environmental impact of the Company's operations. Our sustainability is rooted in practice, not just PR. By reducing the size of our packaging, we are now shipping 50% more products per pallet. Factory improvements include the addition of solar generation which has reduced our reliance on heating oil saving 76,410kg of CO2e. 70% of our waste from manufacturing is recycled with the remaining 30% non-recyclable waste is converted to Solid Recovered Fuel (SRF).

Governance and Ethical Conduct

The Company is committed to conducting its business with integrity and to maintaining high standards of governance and ethical behaviours. Our policies and procedures are designed to support fair treatment of all stakeholders and compliance with applicable laws and standards.

On behalf of the board:

Mr F J Mellon - Director

29 June 2026

Rolec Services Limited (Registered number: 02294468)

Directors' Report

for the Year Ended 31 December 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

Principal activity

The principal activity of the company in the year under review was that of The principal activity of the company continued to be that of designing, manufacturing and installing of electrical equipment including electrical connection, EV charging hook-up and distribution of equipment.

Dividends

Particulars of dividends declared are detailed in note 8 to the financial statements.

Directors

Mr F J Mellon has held office during the whole of the period from 1 January 2025 to the date of this report.

Other changes in directors holding office are as follows:

Ms A I M Berninger - appointed 28 February 2025

Mr P E B Stegersjö - appointed 31 January 2025

Mr E A Hedenryd - resigned 16 June 2025

Mr B F Navjord - resigned 31 January 2025

Mr P J N Van Der Merwe was appointed as a director after 31 December 2025 but prior to the date of this report.

Statement of directors' responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

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 auditors

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 auditors are 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 auditors are aware of that information.

Rolec Services Limited (Registered number: 02294468)

Directors' Report

for the Year Ended 31 December 2025

Auditors

The auditors, Stephenson Smart (East Anglia) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

Mr F J Mellon - Director

29 June 2026

Report of the Independent Auditors to the Members of

Rolec Services Limited

Opinion

We have audited the financial statements of Rolec Services Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 31 December 2025 and of its profit 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 Directors' Report, 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.

Report of the Independent Auditors to the Members of

Rolec Services Limited

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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

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 Directors' Report.

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.

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 extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of possible irregularities, including fraud. Our procedures and the extent to which they are capable of detecting irregularities, including fraud is detailed below:

As part of the audit process, we identify and assess the risks of material misstatement to the financial statements as a result of susceptibility to irregularities, including fraud, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Report of the Independent Auditors to the Members of

Rolec Services Limited

To establish the risks in which to base our procedures on, some of the things we do are:

- |  | Understand the company and its environment to identify events or conditions that may have a significant effect on the risks of material misstatement, such as the nature of the company, external, industry and regulatory factors (see further below), and the company's objectives and strategies; |

- |  | Review of the company's measurements of financial performance, including the key drivers for director's remuneration; |

- |  | Review of the company's own assessment of the risks that irregularities may occur either as a result of fraud or error, including the likelihood and significance of potential misstatements resulting from those risks; |

- |  | Obtain an understanding of internal controls over the company's financial reporting, which includes performing walkthroughs to test controls; |

- |  | Review matters we identified having assessed the company's documentation of their policies and procedures relating to identifying, evaluating and complying with laws and regulations and whether they are aware of any instances of non-compliance; |

- |  | Perform analytical procedures throughout the audit; |

- |  | Have internal discussions with the audit engagement team members regarding risks of material misstatement; |

- |  | Understand the selection and application of accounting policies and related disclosures in the financial statements; in particular to areas involving significant management estimates and assumptions. |

As above, we obtain an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included:

- |  | Those laws and regulations considered to have a direct effect on the financial statements include the UK Financial Reporting Standards, Company Law (Companies Act 2006), Taxation and Pension legislation and Distributable Profits legislation. |

- |  | Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include but are not limited to; health and safety legislation; construction, design and management regulations; and employment regulation. |

In common with all audits under ISAs (UK) we are also required to perform specific procedures to respond to the risk of management override. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to fraudulent journal entries, designed to manipulate the financial performance and/or the position of the company, and management bias in accounting estimates.

Audit procedures undertaken in response to the potential risks relating to irregularities and fraud within the financial statements comprised of, but not limited to:

- |  | All material accounting estimates tested to supporting documentation to assess compliance with provisions of relevant laws and regulations; |

- |  | Use of analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; |

- |  | Inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; and whether there is any known or suspected instances of non-compliance, claims and litigation, or fraud; |

- |  | Understanding of management's controls designed to prevent and detect irregularities; |

- |  | Review of board and management minutes; |

- |  | Identifying and testing journal entries to assess whether any of the journals appeared unusual and evaluating the business rationale of any one-off significant transactions outside the normal course of business; |

- |  | Challenging management on assumptions and judgements made in their significant accounting estimates. |

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Report of the Independent Auditors to the Members of

Rolec Services Limited

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than those irregularities that result from error; as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. As explained above, there is an unavoidable risk that material misstatements might not be detected, even though the audit has been planned and performed in accordance with the ISAs (UK).

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit.

We also conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.

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.

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.

Michael Andrews BSc FCA (Senior Statutory Auditor)

for and on behalf of Stephenson Smart (East Anglia) Limited

Chartered Accountants & Statutory Auditors

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

29 June 2026

Rolec Services Limited (Registered number: 02294468)

Statement of Income and Retained Earnings

for the Year Ended 31 December 2025

31.12.25 | 31.12.24 |

| Notes | £ | £

Turnover | 26,246,459 |  | 23,568,989 |  |

Cost of sales | (13,708,048 | ) | (13,190,441 | ) |

Gross profit | 12,538,411 |  | 10,378,548 |  |

Distribution costs | (240,013 | ) | (305,218 | ) |

Administrative expenses | (6,600,629 | ) | (5,289,718 | ) |

5,697,769 |  | 4,783,612 |  |

Other operating income | 197,573 |  | 292,520 |  |

Operating profit | 5 | 5,895,342 |  | 5,076,132 |  |

Interest receivable and similar income | 7 | 514,566 |  | 670,514 |  |

Profit before taxation | 6,409,908 |  | 5,746,646 |  |

Tax on profit | 8 | 629,840 |  | (1,117,177 | ) |

Profit for the financial year | 7,039,748 |  | 4,629,469 |  |

Retained earnings at beginning of year | 28,064,606 |  | 28,067,644 |  |

Dividends | 9 | (6,000,000 | ) | (4,632,507 | ) |

Retained earnings at end of year | 29,104,354 |  | 28,064,606 |  |

Rolec Services Limited (Registered number: 02294468)

Balance Sheet

31 December 2025

31.12.25 | 31.12.24 |

| Notes | £ | £

Fixed assets

Intangible assets | 10 | 4,939,819 |  | 5,013,448 |  |

Tangible assets | 11 | 2,364,150 |  | 2,129,119 |  |

Investments | 12 | 806,965 |  | 301,635 |  |

8,110,934 |  | 7,444,202 |  |

Current assets

Stocks | 13 | 6,328,297 |  | 7,636,154 |  |

Debtors | 14 | 8,897,001 |  | 7,831,221 |  |

Cash at bank | 11,151,083 |  | 11,559,365 |  |

26,376,381 |  | 27,026,740 |  |

Creditors

Amounts falling due within one year | 15 | (3,747,727 | ) | (4,906,840 | ) |

Net current assets | 22,628,654 |  | 22,119,900 |  |

Total assets less current liabilities | 30,739,588 |  | 29,564,102 |  |

Provisions for liabilities | 17 | (1,535,234 | ) | (1,399,496 | ) |

Net assets | 29,204,354 |  | 28,164,606 |  |

Capital and reserves

Called up share capital | 18 | 80,000 |  | 80,000 |  |

Capital redemption reserve | 19 | 20,000 |  | 20,000 |  |

Retained earnings | 19 | 29,104,354 |  | 28,064,606 |  |

Shareholders' funds | 29,204,354 |  | 28,164,606 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2026 and were signed on its behalf by:

Mr F J Mellon - Director

Rolec Services Limited (Registered number: 02294468)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | Statutory information

| Rolec Services 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" 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.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows;

| • | the requirement of paragraph 3.17(d);

| • | the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

| • | the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

| • | the requirement of paragraph 33.7.

| Preparation of consolidated financial statements

| The financial statements contain information about Rolec Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| The results of Rolec Services Limited are included in the consolidated financial statements of Sdiptech AB (publ) which are available from https://www.sdiptech.se/investor-relations/reports-and-presentations.

Rolec Services Limited (Registered number: 02294468)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | Accounting policies - continued

| Key sources of estimation uncertainty

| Stock Provision

| A provision is made for obsolete and slow moving stock taking into account the expected net realisable value of the individual items. The assessment is made based on the length of the time the item is held within stock.

| Bad debt provision

| A provision is made for debtor balances that are no longer recoverable. The assessment is performed by the directors on an individual balance basis. The assessment includes a number of factors including the directors knowledge of the customer and other information available.

| Deferred Income

| Deferred income is released to the profit and loss account over the term of the revenue being earned. An estimate is made by the directors in relation to how evenly this will be provided.

| Warranty Provision

| A provision is made for costs expected to be incurred in the future as a result of goods sold. In this assessment, the directors review the actual costs incurred in relation to warranty claims in the past 12 months, making adjustments for expected level of sales.

| Critical accounting judgements and key sources of estimation uncertainty

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Turnover

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

| Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period exclusive of value added tax. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (on installation of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measure reliably.

| Turnover from service contracts is recognised evenly across the period to which the contract relates to. Service contracts which have a term of twelve months are invoiced monthly in advance at the start of each month.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Development costs are being amortised evenly over their estimated useful life of five years.

| Computer software is being amortised evenly over its estimated useful life of ten years.

Rolec Services Limited (Registered number: 02294468)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | 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.

| Freehold property | - | 10% on cost and No depreciation

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 20% on cost

| Motor vehicles | - | 25% p.a. reducing balance

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash generating unit to which the asset belongs.

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present Value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

| Stock is accounted for using the first-in first out method.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Rolec Services Limited (Registered number: 02294468)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | Accounting policies - continued

| Financial instruments

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Debt instruments are subsequently measured at amortised cost.

| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

| For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

| Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Rolec Services Limited (Registered number: 02294468)

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

| Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

| Foreign currencies

| Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

| 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.

| Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

| Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

| Pension costs and other post-retirement benefits

| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

| The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

| Termination benefits are recognised Immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

| Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rolec Services Limited (Registered number: 02294468)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | Accounting policies - continued

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Going concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Provisions

| Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. | Employees and directors

31.12.25 | 31.12.24 |

| £ | £

| Wages and salaries | 4,670,317 |  | 3,958,349 |  |

| Social security costs | 563,815 |  | 410,152 |  |

| Other pension costs | 52,522 |  | 115,377 |  |

5,286,654 |  | 4,483,878 |  |

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

31.12.25 | 31.12.24 |

| Production staff | 41 |  | 54 |  |

| Admin staff | 35 |  | 74 |  |

| Management staff | 3 |  | 3 |  |

79 |  | 131 |  |

31.12.25 | 31.12.24 |

| £ | £

| Directors' remuneration | 151,125 |  | 187,572 |  |

| Directors' pension contributions to money purchase schemes | 14,206 |  | 13,116 |  |

Rolec Services Limited (Registered number: 02294468)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | Employees and directors - continued

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 1 |  | 1 |  |

5. | Operating profit

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

31.12.25 | 31.12.24 |

| £ | £

| Hire of plant and machinery | 88,472 |  | 160,560 |  |

| Other operating leases | 81,078 |  | 94,105 |  |

| Depreciation - owned assets | 395,482 |  | 356,753 |  |

| Profit on disposal of fixed assets | (500 | ) | - |  |

| Development costs amortisation | 803,738 |  | 527,623 |  |

| Computer software amortisation | 254,595 |  | 254,595 |  |

| Foreign exchange differences | 40,341 |  | (7,971 | ) |

6. | Auditors' remuneration

31.12.25 | 31.12.24 |

| £ | £

| Fees payable to the company's auditors for the audit of the company's financial statements | 20,000 |  | 21,750 |  |

7. | Interest receivable and similar income |

31.12.25 | 31.12.24 |

| £ | £

| Interest receivable from group

| companies | 438,751 |  | 590,088 |  |

| Other interest received | 75,815 |  | 80,426 |  |

514,566 |  | 670,514 |  |

Rolec Services Limited (Registered number: 02294468)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

8. | Taxation

| Analysis of the tax (credit)/charge

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

31.12.25 | 31.12.24 |

| £ | £

| Current tax:

| UK corporation tax | 507,430 |  | 1,398,707 |  |

| Over provision in prior year | (1,229,770 | ) | (605,042 | ) |

| Total current tax | (722,340 | ) | 793,665 |  |

| Deferred tax:

| Deferred tax | 111,885 |  | 323,512 |  |

| Over provision in prior year | (19,385 | ) | - |  |

| Total deferred tax | 92,500 |  | 323,512 |  |

| Tax on profit | (629,840 | ) | 1,117,177 |  |

| Reconciliation of total tax (credit)/charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31.12.25 | 31.12.24 |

| £ | £

| Profit before tax | 6,409,908 |  | 5,746,646 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 1,602,477 |  | 1,436,662 |  |

| Effects of:

| Expenses not deductible for tax purposes | 4,661 |  | 7,637 |  |

| Adjustments to tax charge in respect of previous periods | (1,229,770 | ) | (605,042 | ) |

| Adjustments in respect of prior periods - deferred tax | (19,385 | ) | - |  |

| Group relief losses | (987,823 | ) | - |  |

| Changed in unrecognised deferred tax assets | - |  | 368,748 |  |

| Research and development tax credit | - |  | (35,514 | ) |

| Fixed assets differences | - |  | (55,314 | ) |

| Total tax (credit)/charge | (629,840 | ) | 1,117,177 |  |

9. | Dividends

31.12.25 | 31.12.24 |

| £ | £

| Ordinary shares of £1 each

| Final | 6,000,000 |  | 4,632,507 |  |

Rolec Services Limited (Registered number: 02294468)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

10. | Intangible fixed assets

Development | Computer |

costs | software | Totals |

| £ | £ | £

| Cost

| At 1 January 2025 | 4,210,806 |  | 2,545,951 |  | 6,756,757 |  |

| Additions | 1,004,704 |  | - |  | 1,004,704 |  |

| Disposals | (20,000 | ) | - |  | (20,000 | ) |

| At 31 December 2025 | 5,195,510 |  | 2,545,951 |  | 7,741,461 |  |

| Amortisation

| At 1 January 2025 | 1,234,224 |  | 509,085 |  | 1,743,309 |  |

| Amortisation for year | 803,738 |  | 254,595 |  | 1,058,333 |  |

| At 31 December 2025 | 2,037,962 |  | 763,680 |  | 2,801,642 |  |

| Net book value

| At 31 December 2025 | 3,157,548 |  | 1,782,271 |  | 4,939,819 |  |

| At 31 December 2024 | 2,976,582 |  | 2,036,866 |  | 5,013,448 |  |

11. | Tangible fixed assets

Fixtures |  |

Freehold | Plant and | and | Motor |  |

property | machinery | fittings | vehicles | Totals |

| £ | £ | £ | £ | £

| Cost

| At 1 January 2025 | 2,670,092 |  | 523,668 |  | 816,751 |  | 131,522 |  | 4,142,033 |  |

| Additions | 559,132 |  | 22,549 |  | 48,832 |  | - |  | 630,513 |  |

| At 31 December 2025 | 3,229,224 |  | 546,217 |  | 865,583 |  | 131,522 |  | 4,772,546 |  |

| Depreciation

| At 1 January 2025 | 928,722 |  | 400,941 |  | 565,628 |  | 117,623 |  | 2,012,914 |  |

| Charge for year | 211,212 |  | 56,584 |  | 124,211 |  | 3,475 |  | 395,482 |  |

| At 31 December 2025 | 1,139,934 |  | 457,525 |  | 689,839 |  | 121,098 |  | 2,408,396 |  |

| Net book value

| At 31 December 2025 | 2,089,290 |  | 88,692 |  | 175,744 |  | 10,424 |  | 2,364,150 |  |

| At 31 December 2024 | 1,741,370 |  | 122,727 |  | 251,123 |  | 13,899 |  | 2,129,119 |  |

Rolec Services Limited (Registered number: 02294468)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

12. | Fixed asset investments

Shares in |

group |

undertakings |

| £

| Cost

| At 1 January 2025 | 301,635 |  |

| Additions | 505,330 |  |

| At 31 December 2025 | 806,965 |  |

| Net book value

| At 31 December 2025 | 806,965 |  |

| At 31 December 2024 | 301,635 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Rolec Services AB

| Registered office: C/O Convendum, Vasagatan 14A, Box 1276, 172 61 SUNDBYBERG

| Nature of business:

% |

| Class of shares: | holding |

| Ordinary | 100.00 |

| One Stop AB

| Registered office: c/o Servando Bolag AB, Cardellgatan 1, 114 36 STOCKHOLM

| Nature of business:

% |

| Class of shares: | holding |

| Ordinary | 100.00 |

13. | Stocks

31.12.25 | 31.12.24 |

| £ | £

| Finished goods | 1,400,345 |  | 1,939,293 |  |

| Raw materials | 4,722,013 |  | 5,608,921 |  |

| Work in progress | 205,939 |  | 87,940 |  |

6,328,297 |  | 7,636,154 |  |

| Stocks are stated after provision for impairment for 2025 of £575,625 (2024: £431,917).

Rolec Services Limited (Registered number: 02294468)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

31.12.25 | 31.12.24 |

| £ | £

| Trade debtors | 5,935,207 |  | 5,964,161 |  |

| Bad debt provision | (215,854 | ) | (89,760 | ) |

| Amounts owed by group undertakings | 11,033 |  | 151,464 |  |

| Other debtors | 7,530 |  | 213,408 |  |

| Corporation tax | 2,972,450 |  | 1,311,722 |  |

| Prepayments | 186,635 |  | 280,226 |  |

8,897,001 |  | 7,831,221 |  |

| Impairment recognised in the profit and loss for the year ended 31 December 2025 in respect of bad and

| doubtful trade debtors amounted to £125,859 (2024 £13,915).

| Trade debtors are stated after provisions for impairment of £215,854 for the year ended 31 December 2025

| (2024: £89,760).

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

31.12.25 | 31.12.24 |

| £ | £

| Trade creditors | 589,478 |  | 2,155,679 |  |

| Amounts received on account | - |  | 317,256 |  |

| Amounts owed to group undertakings | 71,291 |  | - |  |

| Social security and other taxes | 125,190 |  | 164,375 |  |

| VAT | 708,210 |  | 505,334 |  |

| Other creditors | 19,105 |  | 7,479 |  |

| Accrued expenses | 2,234,453 |  | 1,756,717 |  |

3,747,727 |  | 4,906,840 |  |

| Amounts owed to group undertakings are unsecured, interest free and are payable on demand.

16. | Leasing agreements

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

31.12.25 | 31.12.24 |

| £ | £

| Within one year | 148,018 |  | 196,696 |  |

| Between one and five years | 88,629 |  | 155,032 |  |

236,647 |  | 351,728 |  |

Rolec Services Limited (Registered number: 02294468)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

17. | Provisions for liabilities

31.12.25 | 31.12.24 |

| £ | £

| Deferred tax

| Accelerated capital allowances | 1,119,434 |  | 1,028,404 |  |

| Other timing differences | (6,548 | ) | (8,018 | ) |

| Warranty provision | 422,348 |  | 379,110 |  |

1,535,234 |  | 1,399,496 |  |

Deferred | Warranty |

tax | provision |

| £ | £

| Balance at 1 January 2025 | 1,020,386 |  | 379,110 |  |

| Provided during year | 92,500 |  | 43,238 |  |

| Balance at 31 December 2025 | 1,112,886 |  | 422,348 |  |

| The warranty provision has been recognised to reflect the estimated costs of repairing faults on products sold during the year. Products are sold inclusive of a 3 year warranty, therefore these costs are expected to occur over the next 36 months.

18. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 | 31.12.24 |

value: |  | £ | £

| 80,000 | Ordinary | £1 | 80,000 |  | 80,000 |  |

19. | Reserves

Capital |

Retained | redemption |

earnings | reserve | Totals |

| £ | £ | £

| At 1 January 2025 | 28,064,606 |  | 20,000 |  | 28,084,606 |  |

| Profit for the year | 7,039,748 |  | 7,039,748 |  |

| Dividends | (6,000,000 | ) | (6,000,000 | ) |

| At 31 December 2025 | 29,104,354 |  | 20,000 |  | 29,124,354 |  |

| Profit and loss account - This reserve records distributable retained earnings and accumulated losses.

Rolec Services Limited (Registered number: 02294468)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

20. | Pension commitments

| The amount recognised in profit or loss as an expense in relation to defined contribution plans was £52,522

| (2024: £115,377).

| At the balance sheet date there were outstanding pension contributions of £26,190 (2024: £32,072).

21. | Ultimate controlling party

| The company is a wholly owned subsidiary of SDIP Holdings UK Limited, the immediate parent undertaking, a company incorporated in the United Kingdom.

| The results of the company are consolidated in the financial statements of Sdiptech AB which are available to the the public and may be obtained from the Company Secretary, Sdiptech Holdings AB, Nybrogatan 39, 114 39 Stockholm, Sweden. This is the smallest group of undertakings for which group accounts are drawn up.