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REGISTERED NUMBER: 06669032 (England and Wales)

MATERIALS MANAGEMENT

CONSULTANTS LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Strategic Report | 1 |

| Report of the Director | 3 |

| Report of the Independent Auditors | 5 |

| Statement of Comprehensive Income | 9 |

| Balance Sheet | 10 |

| Statement of Changes in Equity | 12 |

| Cash Flow Statement | 13 |

| Notes to the Cash Flow Statement | 14 |

| Notes to the Financial Statements | 16 |

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The director presents his strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

The board and I are pleased to be able to share our strategic report for 2025.

While revenue declined by approximately 20%, driven largely by the tariff challenges affecting the US market, we enter 2026 with the strongest order book in our history. A number of customer projects experienced delays outside of our control, which reduced recognised revenue in 2025, but importantly those opportunities have not disappeared; they have carried forward into the year ahead.

Alongside this, we continued to strengthen and consolidate our internal operations. The work we've done to improve planning, execution, and day-to-day discipline has translated into improved margins and a higher profit outcome than the prior year. In short, our focus remains on working smarter, not simply harder.

Despite ongoing global disruption and the continued complexity created by tariffs, we have adapted quickly and effectively. Although delayed contracts impacted top-line performance, we maintained momentum where it matters, protecting service levels, improving efficiency, and exceeding expectations on margin and profitability.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal financial risks faced by the Company, and the Company's objectives and policies in relation to those risks are as follows:

Cash Flow Risk:

The Finance Director closely manages the Company's cash flow. Detailed cash flow forecasts are regularly prepared with the objective of alerting the Directors to potential future risks.

Credit Risk:

Credit risk arises if the Company is unable to recover sums due from customers. The Company has strong procedures in place with regard to credit control to minimise bad debt.

Currency Risk:

The Company faces currency risk on its net assets and earnings since, on translation of business with overseas customers and suppliers into sterling, currency movements can affect the Company's balance sheet and profit and loss account. The Company regularly reviews its exposure in the above areas and is satisfied that no significant threat exists.

FINANCIAL KEY PERFORMANCE INDICATORS

The directors consider the following Key Performance Indicators when assessing the performance of the Company:

Turnover:

Turnover for the year decreased by 23.17% to £9,721,363 (2024 - £12,652,661)

Gross Profit Margin:

Gross profit margin for the year increased by 4.92% to 38.98% (2024 - 34.06%)

Profit Before Taxation:

Profit before taxation increased by 14.03% to £550,549 (2024 - £482,803)

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

FUTURE DEVELOPMENTS

As we entered the new year, our focus has been firmly set on building a leaner, more efficient organisation and continuing to streamline our processes. A key step in that journey has been the establishment of a new management team, something we began putting in place during 2025 and which is now fully embedded. This structure gives us a stronger operational foundation, clearer accountability, and the leadership capacity required to support sustainable, long-term growth. I am pleased to report that we have made excellent progress in the first quarter of 2026.

We continue to face significant headwinds from evolving tariffs and wider global disruption, particularly within the US market. However, the majority of contracts that were delayed last year have started to move quickly this year, and we have already secured meaningful new business along with contract extensions through to 2027. In other words, we have not only weathered the storm, we have continued to develop, execute, and deliver against our strategic objectives.

Looking ahead, we remain committed to developing the business and enhancing our capabilities, particularly in stocking programmes and value-added services. This focus is already paying dividends, it provides greater strategic clarity for the wider team, strengthens our customer offering, and positions us to capitalise on the market conditions and challenges many end users across the metals industry are currently facing.

With our foundations strengthened, our pipeline building, and our strategic priorities clear, we are anticipating a very promising-and potentially record-breaking-2026, both in terms of revenue and the wider strategic goals we have set for the year.

ON BEHALF OF THE BOARD:

G Clark - Director

7 July 2026

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31 DECEMBER 2025

The director presents his 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 engineering and related consultancy.

DIVIDENDS

No interim dividend was paid during the year. The director recommends a final dividend of £1,045 per share.

The total distribution of dividends for the year ended 31 December 2025 will be £ 417,997 .

FUTURE DEVELOPMENTS

The Company intends to follow it's strategy of organic growth.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTOR

G Clark held office during the whole of the period from 1 January 2025 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31 DECEMBER 2025

AUDITORS

The auditors, CFW Accountants LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

G Clark - Director

7 July 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MATERIALS MANAGEMENT

CONSULTANTS LIMITED

Opinion

We have audited the financial statements of Materials Management Consultants Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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.

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 Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MATERIALS MANAGEMENT

CONSULTANTS LIMITED

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 Report of the Director.

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 director's remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MATERIALS MANAGEMENT

CONSULTANTS LIMITED

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:

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, 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.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we consider the following:

- the nature of the industry and sector, control environment and business performance;

- results of our enquiries of management and those charged with governance about their own identification and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team and involving other members of staff requiring consultation regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. 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 also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that have 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 the Companies Act 2006, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (UK GAAP), pensions legislation and tax legislation.

In addition, we considered the provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty. These include health and safety regulations.

Audit response to risks identified

As a result of performing the above, our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management and those charged with governance concerning actual and potential litigation and claims;

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MATERIALS MANAGEMENT

CONSULTANTS LIMITED

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

- performing systems walkthrough tests to ensure our understanding of financial controls and;

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicate relevant identified laws and regulations and potential fraud risks to all engagement team members, including other members of staff consulted, and remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

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.

Karl Hobbins FCCA (Senior Statutory Auditor)

for and on behalf of CFW Accountants LLP

Chartered Accountants

& Statutory Auditors

3 Weekley Wood Close

Kettering

Northamptonshire

NN14 1UQ

7 July 2026

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

STATEMENT OF COMPREHENSIVE

INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 9,721,363 |  | 12,652,661 |  |

Cost of sales | (5,931,796 | ) | (8,343,559 | ) |

GROSS PROFIT | 3,789,567 |  | 4,309,102 |  |

Administrative expenses | (3,216,496 | ) | (3,732,231 | ) |

573,071 |  | 576,871 |  |

Other operating income | 4,050 |  | 3,600 |  |

OPERATING PROFIT | 5 | 577,121 |  | 580,471 |  |

Interest receivable and similar income | 6 | 1,052 |  | 2,526 |  |

578,173 |  | 582,997 |  |

Interest payable and similar expenses | 7 | (27,624 | ) | (100,194 | ) |

PROFIT BEFORE TAXATION | 550,549 |  | 482,803 |  |

Tax on profit | 8 | (151,657 | ) | (130,656 | ) |

PROFIT FOR THE FINANCIAL YEAR | 398,892 |  | 352,147 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 398,892 |  | 352,147 |  |

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 812,624 |  | 888,101 |  |

Investments | 11 | 5,196 |  | 5,593 |  |

817,820 |  | 893,694 |  |

CURRENT ASSETS

Stocks | 12 | 5,511,291 |  | 4,189,897 |  |

Debtors | 13 | 1,592,977 |  | 2,864,693 |  |

Cash at bank | 1,373,521 |  | 1,025,139 |  |

8,477,789 |  | 8,079,729 |  |

CREDITORS

Amounts falling due within one year | 14 | 6,277,665 |  | 5,857,817 |  |

NET CURRENT ASSETS | 2,200,124 |  | 2,221,912 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,017,944 |  | 3,115,606 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (399,302 | ) | (467,422 | ) |

PROVISIONS FOR LIABILITIES | 19 | (65,455 | ) | (75,892 | ) |

NET ASSETS | 2,553,187 |  | 2,572,292 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 400 |  | 400 |  |

Retained earnings | 21 | 2,552,787 |  | 2,571,892 |  |

SHAREHOLDERS' FUNDS | 2,553,187 |  | 2,572,292 |  |

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

BALANCE SHEET - continued

31 DECEMBER 2025

The financial statements were approved and authorised for issue by the director and authorised for issue on 7 July 2026 and were signed by:

G Clark - Director

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 January 2024 | 400 |  | 2,497,145 |  | 2,497,545 |  |

Changes in equity

Dividends | - |  | (277,400 | ) | (277,400 | ) |

Total comprehensive income | - |  | 352,147 |  | 352,147 |  |

Balance at 31 December 2024 | 400 |  | 2,571,892 |  | 2,572,292 |  |

Changes in equity

Dividends | - |  | (417,997 | ) | (417,997 | ) |

Total comprehensive income | - |  | 398,892 |  | 398,892 |  |

Balance at 31 December 2025 | 400 |  | 2,552,787 |  | 2,553,187 |  |

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 912,536 |  | 470,400 |  |

Interest paid | (27,047 | ) | (99,624 | ) |

Interest element of hire purchase payments paid | (577 | ) | (570 | ) |

Tax paid | - |  | (315,761 | ) |

Net cash from operating activities | 884,912 |  | 54,445 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (28,624 | ) | (48,565 | ) |

Interest received | 1,052 |  | 2,526 |  |

Net cash from investing activities | (27,572 | ) | (46,039 | ) |

Cash flows from financing activities

New loans in year | - |  | 203,000 |  |

Loan repayments in year | (89,183 | ) | (296,819 | ) |

Capital repayments in year | (1,778 | ) | (2,371 | ) |

Equity dividends paid | (417,997 | ) | (277,400 | ) |

Net cash from financing activities | (508,958 | ) | (373,590 | ) |

Increase/(decrease) in cash and cash equivalents | 348,382 |  | (365,184 | ) |

Cash and cash equivalents at beginning of year | 2 | 1,025,139 |  | 1,390,323 |  |

Cash and cash equivalents at end of year | 2 | 1,373,521 |  | 1,025,139 |  |

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 550,549 |  | 482,803 |  |

| Depreciation charges | 104,101 |  | 108,405 |  |

| Loss/(gain) on revaluation of fixed assets | 397 |  | (95 | ) |

| Finance costs | 27,624 |  | 100,194 |  |

| Finance income | (1,052 | ) | (2,526 | ) |

681,619 |  | 688,781 |  |

| (Increase)/decrease in stocks | (1,321,394 | ) | 332,745 |  |

| Decrease/(increase) in trade and other debtors | 1,270,581 |  | (1,297,391 | ) |

| Increase in trade and other creditors | 281,730 |  | 746,265 |  |

| Cash generated from operations | 912,536 |  | 470,400 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 December 2025

| 31.12.25 |  | 1.1.25

£ | £ |

| Cash and cash equivalents | 1,373,521 |  | 1,025,139 |  |

| Year ended 31 December 2024

| 31.12.24 |  | 1.1.24

£ | £ |

| Cash and cash equivalents | 1,025,139 |  | 1,390,323 |  |

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.1.25 | Cash flow | At 31.12.25

£ | £ | £ |

| Net cash |

| Cash at bank | 1,025,139 |  | 348,382 |  | 1,373,521 |  |

1,025,139 |  | 348,382 |  | 1,373,521 |  |

| Debt

| Finance leases | (1,778 | ) | 1,778 |  | - |  |

| Debts falling due within 1 year | (92,195 | ) | 21,063 |  | (71,132 | ) |

| Debts falling due after 1 year | (467,422 | ) | 68,120 |  | (399,302 | ) |

(561,395 | ) | 90,961 |  | (470,434 | ) |

| Total | 463,744 |  | 439,343 |  | 903,087 |  |

4. | SUPPLIER FINANCE ARRANGEMENTS

| The company participates in a supply chain financing arrangement. Under the terms of this arrangement, the finance company agrees to pay amounts to a participating supplier in respect of invoices owed by the company and receives settlement from the company at a later date. The primary purpose of this arrangement is to facilitate efficient payment processing and to enable the willing suppliers to receive payments from the finance company prior to the invoice settlement date.

| Carrying amounts of Liabilities that are part of a supplier financing arrangement:

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Presented within trade and other creditors |  | 1,607,067 |  | 1,700,002 |  |

| Average number of days between payment due date and invoice date: |  |

|  | 2025 |  | 2024 |  |

| Liabilities that are part of the arrangement |  | 150 |  | 150 |  |

| Trade creditors that are not part of the arrangement |  | 30 |  | 30 |  |

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Materials Management Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 06669032

| Registered office: | Unit B Bracknell House

| Pywell Road

| Corby

| Northamptonshire

| NN17 5XJ

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Preparation of consolidated financial statements

| The financial statements contain information about Materials Management Consultants Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Clark Partners Limited, 10 Cricketers Green, Weldon, Corby, NN17 3LP.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the Company's accounting policies, which are described in note 2, management is required to make judgments, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from their sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| Stock Provision - management apply judgement in evaluating stock for obsolescence. This judgement is based on management knowledge of the stock and customer demand. At each Balance Sheet date, stocks are assessed for impairment and written down where appropriate.

| 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 the period of the revision and future periods if the revision affects both the current and future periods.

| Turnover

| Turnover represents amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

| Sale of goods

| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of the goods.

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Freehold property | - | 5% on cost

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 33% on cost

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less impairment.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is determined on a weighted average basis.

| 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.

| 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.

| 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.

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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.

| 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.

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and sell the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Impairment of financial assets

| Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risk and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Basic financial liabilities

| Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially as transactions price and subsequently measured at amortised cost using the effective interest method.

| Derecognition of financial liabilities

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 1,598,374 |  | 215,318 |  |

| Europe | 331,485 |  | 262,322 |  |

| South America | 3,288 |  | 3,032 |  |

| Asia | 81,746 |  | 252,088 |  |

| North America | 7,706,470 |  | 11,919,901 |  |

9,721,363 |  | 12,652,661 |  |

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 687,787 |  | 684,296 |  |

| Social security costs | 77,316 |  | 62,322 |  |

| Other pension costs | 21,177 |  | 20,764 |  |

786,280 |  | 767,382 |  |

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

| 2025 |  | 2024

| Administrative staff | 5 |  | 7 |  |

| Sales staff | 5 |  | 4 |  |

| Finance staff | 6 |  | 6 |  |

| Operations staff | 4 |  | 4 |  |

| Director | 1 |  | 1 |  |

21 |  | 22 |  |

| 2025 |  | 2024

£ | £ |

| Director's remuneration | 15,666 |  | 13,145 |  |

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

5. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 103,428 |  | 107,349 |  |

| Depreciation - assets on hire purchase contracts | 673 |  | 1,055 |  |

| Auditors' remuneration | 16,500 |  | 15,750 |  |

| Foreign exchange (gains)/losses | 108,916 |  | (23,092 | ) |

6. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 2025 |  | 2024

£ | £ |

| Bank interest | 1,052 |  | 2,484 |  |

| Other interest | - |  | 42 |  |

1,052 |  | 2,526 |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 26,061 |  | 24,009 |  |

| Loan | 986 |  | 75,615 |  |

| Hire purchase | 577 |  | 570 |  |

27,624 |  | 100,194 |  |

8. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 162,094 |  | 136,563 |  |

| Deferred tax:

| Origination and reversal of timing differences | (10,437 | ) | (5,907 | ) |

| Tax on profit | 151,657 |  | 130,656 |  |

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

8. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

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

| 2025 |  | 2024

£ | £ |

| Profit before tax | 550,549 |  | 482,803 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 137,637 |  | 120,701 |  |

| Effects of:

| Expenses not deductible for tax purposes | 4,964 |  | 941 |  |

| Depreciation on assets not qualifying for tax allowances | 9,056 |  | 9,014 |  |

| Total tax charge | 151,657 |  | 130,656 |  |

9. | DIVIDENDS

|  | 2025 |  |  | 2024 |  |

| £ |  |  | £ |  |

| Dividends paid |  | 417,997 |  |  | 277,400 |  |

10. | TANGIBLE FIXED ASSETS

| Fixtures |

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

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

£ | £ | £ | £ | £ |

| COST

| At 1 January 2025 | 760,242 |  | 324,337 |  | 201,083 |  | 128,379 |  | 1,414,041 |  |

| Additions | - |  | - |  | 19,150 |  | 9,474 |  | 28,624 |  |

| Disposals | - |  | - |  | - |  | (18,078 | ) | (18,078 | ) |

| At 31 December 2025 | 760,242 |  | 324,337 |  | 220,233 |  | 119,775 |  | 1,424,587 |  |

| DEPRECIATION

| At 1 January 2025 | 142,992 |  | 228,936 |  | 75,952 |  | 78,060 |  | 525,940 |  |

| Charge for year | 38,014 |  | 14,313 |  | 21,215 |  | 30,559 |  | 104,101 |  |

| Eliminated on disposal | - |  | - |  | - |  | (18,078 | ) | (18,078 | ) |

| At 31 December 2025 | 181,006 |  | 243,249 |  | 97,167 |  | 90,541 |  | 611,963 |  |

| NET BOOK VALUE

| At 31 December 2025 | 579,236 |  | 81,088 |  | 123,066 |  | 29,234 |  | 812,624 |  |

| At 31 December 2024 | 617,250 |  | 95,401 |  | 125,131 |  | 50,319 |  | 888,101 |  |

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

10. | TANGIBLE FIXED ASSETS - continued

| The net book value of tangible fixed assets includes £NIL (2024 - £ 5,978 ) in respect of assets held under hire purchase contracts.

11. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025 | 5,593 |  |

| Exchange differences | (397 | ) |

| At 31 December 2025 | 5,196 |  |

| NET BOOK VALUE

| At 31 December 2025 | 5,196 |  |

| At 31 December 2024 | 5,593 |  |

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

| MMC USA, INC.

| Registered office: 7 Bradley Park Road, East Granby, Connecticut 02026, USA

| Nature of business: Metal cutting services

| %

| Class of shares: | holding |

| Common Stock | 100.00 |

12. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 5,511,291 |  | 4,189,897 |  |

| The cost of inventories is measured using the weighted average cost formula.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,367,731 |  | 2,616,059 |  |

| Amounts owed by group undertakings | 56,216 |  | 57,351 |  |

| Other debtors | 30,067 |  | 30,067 |  |

| Directors' current accounts | 92,105 |  | 92,105 |  |

| VAT | - |  | 2,494 |  |

| Prepayments and accrued income | 46,858 |  | 66,617 |  |

1,592,977 |  | 2,864,693 |  |

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 16) | 30,671 |  | 29,679 |  |

| Other loans (see note 16) | 40,461 |  | 62,516 |  |

| Hire purchase contracts (see note 17) | - |  | 1,778 |  |

| Trade creditors | 2,377,485 |  | 2,339,662 |  |

| Corporation tax | 298,657 |  | 136,563 |  |

| Social security and other taxes | 25,290 |  | 25,417 |  |

| VAT | 28,680 |  | - |  |

| Other creditors | 1,609,909 |  | 1,703,483 |  |

| Accruals and deferred income | 1,866,512 |  | 1,558,719 |  |

6,277,665 |  | 5,857,817 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans (see note 16) | 300,254 |  | 327,192 |  |

| Other loans (see note 16) | 99,048 |  | 140,230 |  |

399,302 |  | 467,422 |  |

16. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 30,671 |  | 29,679 |  |

| Other loans | 40,461 |  | 62,516 |  |

71,132 |  | 92,195 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 27,968 |  | 26,938 |  |

| Other loans - 1-2 years | 42,771 |  | 39,629 |  |

70,739 |  | 66,567 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 90,460 |  | 87,126 |  |

| Other loans - 2-5 years | 56,277 |  | 100,601 |  |

146,737 |  | 187,727 |  |

| Amounts falling due in more than five years:

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

16. | LOANS - continued

2025 | 2024 |

£ | £ |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 181,826 |  | 213,128 |  |

17. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | - |  | 1,778 |  |

18. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 330,925 |  | 356,871 |  |

| Hire purchase contracts | - |  | 1,778 |  |

| Trade creditors | 611,189 |  | 1,088,965 |  |

| Other creditors | 1,607,067 |  | 1,700,002 |  |

2,549,181 |  | 3,147,616 |  |

| Bank loan liabilities are first secured against the freehold property and also have a first fixed and floating charge over all other assets.

| Hire purchase liabilities are secured against the assets to which they relate.

| Trade creditors relate to a facility with Synergy in Trade which has a fixed and floating charge over all other assets.

| Other creditors relate to a facility with Trade River which are secured against trade debtors.

19. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 65,942 |  | 75,892 |  |

| Other timing differences | (487 | ) | - |  |

65,455 |  | 75,892 |  |

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

19. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 75,892 |  |

| Utilised during year | (10,437 | ) |

| Balance at 31 December 2025 | 65,455 |  |

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 400 | Ordinary | 1.00 | 400 |  | 400 |  |

21. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2025 | 2,571,892 |  |

| Profit for the year | 398,892 |  |

| Dividends | (417,997 | ) |

| At 31 December 2025 | 2,552,787 |  |

22. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the Company.

| Contributions payable in the year amounted to £21,177 (2024 - £20,764)

| At the balance sheet date there were outstanding contributions of £2,841 (2024 - £3,481).

23. | ULTIMATE PARENT COMPANY

| Clark Partners Limited is regarded by the director as being the company's ultimate parent company.

| The registered office of the parent undertaking is 10 Cricketers Green, Weldon, Corby, NN17 3LP.

24. | OTHER FINANCIAL COMMITMENTS

| Total financial commitments which are not included in the balance sheet amount to £2,496,603 (2024 - £2,773,697).

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

25. | OFF-BALANCE SHEET ARRANGEMENTS

| During the period, the Company had acted as a guarantor on behalf of or for benefit of its subsidiary undertaking. The total amount guaranteed at the balance sheet date was £363,090 (2024 - £570,181).

26. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025 | 2024 |

£ | £ |

| G Clark

| Balance outstanding at start of year | 92,105 |  | 92,105 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 92,105 |  | 92,105 |  |

| Loans to the director are provided interest free and are repayable on demand.

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

27. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| At the period end the following amounts were due/owing to the following related parties:

|  | 2025 |  | 2024 |  |

| Balances due |  | £ |  | £ |  |

| Entities with control, joint control or significant influence over the company |  | 92,105 |  | 92,105 |  |

| Other related parties |  | 56,216 |  | 57,351 |  |

| Total |  | 148,321 |  | 149,456 |  |

|  | 2025 |  | 2024 |  |

| Balancing owing |  | £ |  | £ |  |

| Entities with control, joint control or significant influence over the company |  | - |  | 635 |  |

| Total |  | - |  | 635 |  |

| The following related party transactions have been entered into during the period:

|  | 2025 |  | 2024 |  |

| Sales |  | £ |  | £ |  |

| Other related parties |  | 937 |  | 33,564 |  |

| Total |  | 937 |  | 33,564 |  |

|  | 2025 |  | 2024 |  |

| Expenses incurred |  | £ |  | £ |  |

| Entities with control, joint control or significant influence over the company |  | 4,191 |  | 9,002 |  |

| Total |  | 4,191 |  | 9,002 |  |

|  | 2025 |  | 2024 |  |

| Dividends paid |  | £ |  | £ |  |

| Entities with control, joint control or significant influence over the company |  | 417,997 |  | 277,400 |  |

| Total |  | 417,997 |  | 277,400 |  |

| During the year, a total of key management personnel compensation of £ 119,610 (2024 - £ 111,224 ) was paid.

28. | POST BALANCE SHEET EVENTS

| On 20 February 2026 the US Supreme Court ruled that certain tariffs levied under the International Emergency Economic Powers Act (IEEPA) were illegal and that these amounts were due back to the companies that had paid them. The company has submitted claims for repayment of tariffs paid under the IEEPA and as of May 2026 has begun receiving refunds for the tariffs incurred in 2025. The Trump Administration has indicated that it will appeal this verdict and as such the recoverability of the claims made are still uncertain.

| MATERIALS MANAGEMENT |

| CONSULTANTS LIMITED (REGISTERED NUMBER: 06669032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

29. | ULTIMATE CONTROLLING PARTY

| The controlling party is Clark Partners Limited.

| The ultimate controlling party is Clark Partners Limited.