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REGISTERED NUMBER: 12466156 (England and Wales)

| TM AIRCRAFT 27459 LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 NOVEMBER 2025 |

| TM AIRCRAFT 27459 LIMITED (REGISTERED NUMBER: 12466156) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| TM AIRCRAFT 27459 LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 NOVEMBER 2025

| DIRECTORS: | R J Allard

| H D Gamble

| T J Metello

| REGISTERED OFFICE: | 2nd Floor

| 1 Putney High Street

| London

| SW15 1SZ

| REGISTERED NUMBER: | 12466156 (England and Wales)

| ACCOUNTANTS: | Christiansons Ltd

| Chartered Certified Accountants

| Sterling House

| Fulbourne Road

| Walthamstow

| London

| E17 4EE

| TM AIRCRAFT 27459 LIMITED (REGISTERED NUMBER: 12466156) |

BALANCE SHEET

30 NOVEMBER 2025

| 30.11.25 |  | 30.11.24

| Notes | $ | $ |

CURRENT ASSETS

Debtors | 4 | 3,020,980 |  | 3,530,927 |  |

Cash at bank | 83,436 |  | 49,107 |  |

3,104,416 |  | 3,580,034 |  |

CREDITORS

Amounts falling due within one year | 5 | 93,601 |  | 133,078 |  |

NET CURRENT ASSETS | 3,010,815 |  | 3,446,956 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,010,815 |  | 3,446,956 |  |

CREDITORS

Amounts falling due after more than one year | 6 | 2,000,000 |  | 2,096,164 |  |

NET ASSETS | 1,010,815 |  | 1,350,792 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 1,000 |  | 1,000 |  |

Retained earnings | 8 | 1,009,815 |  | 1,349,792 |  |

SHAREHOLDERS' FUNDS | 1,010,815 |  | 1,350,792 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

T J Metello - Director

| TM AIRCRAFT 27459 LIMITED (REGISTERED NUMBER: 12466156) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1. | STATUTORY INFORMATION

| TM Aircraft 27459 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.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The financial statements are prepared in US dollar being the most relevant currency for the company.

| Turnover

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

| Taxation

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

| Finance lease

| The company leases out aircrafts under finance lease agreements.

| The leased assets are derecognised upon lease commencement and a lease receivable is recognised.

| The leases are assessed at each reporting date to establish whether there is objective evidence that a lease receivable or group of lease receivables is impaired. If such evidence exists, an impairment loss is recognised in the profit and loss account.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

| TM AIRCRAFT 27459 LIMITED (REGISTERED NUMBER: 12466156) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

4. | DEBTORS

| 30.11.25 |  | 30.11.24

$ | $ |

| Amounts falling due within one year:

| Trade debtors | - |  | 18,827 |  |

| Amounts receivable in respect of finance leases | 474,000 |  | 474,000 |  |

| VAT | 4,580 |  | 21,700 |  |

478,580 |  | 514,527 |  |

| Amounts falling due after more than one year:

| Finance Lease | 2,542,400 |  | 3,016,400 |  |

| Aggregate amounts | 3,020,980 |  | 3,530,927 |  |

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

| 30.11.25 |  | 30.11.24

$ | $ |

| Trade creditors | - |  | 707 |  |

| Tax | 91,799 |  | 130,012 |  |

| Accrued expenses | 1,802 |  | 2,359 |  |

93,601 |  | 133,078 |  |

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

| 30.11.25 |  | 30.11.24

$ | $ |

| Amounts owed to group undertakings | - |  | 96,164 |  |

| Other creditors | 2,000,000 |  | 2,000,000 |  |

2,000,000 |  | 2,096,164 |  |

| Included in amount due to group undertaking is a loan of $Nil (2024: $58,500) due to Ninaclau Lda and a loan of $ Nil (2023: $37,664) due to Chelsea Green Aviation Limited. The loans are unsecured, interest free and repayable on demand.

| Included in other creditors is a deposit of $2,000,00 (2024: $2,000,000) received from the lessee P.T. Express Cargo Airlines for the finance lease of the aircraft.

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.11.25 |  | 30.11.24

| value: | $ | $ |

| 1,000 | Ordinary | $1 | 1,000 |  | 1,000 |  |

| TM AIRCRAFT 27459 LIMITED (REGISTERED NUMBER: 12466156) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

8. | RESERVES

| Retained

| earnings

$ |

| At 1 December 2024 | 1,349,792 |  |

| Profit for the year | 566,023 |  |

| Dividends | (906,000 | ) |

| At 30 November 2025 | 1,009,815 |  |

9. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr T J Metello.