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REGISTERED NUMBER: 03466232 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| VERMONT SYSTEMS LTD |

VERMONT SYSTEMS LTD (REGISTERED NUMBER: 03466232)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

VERMONT SYSTEMS LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr C M M Ward

| Mrs R J Ward

| REGISTERED OFFICE: | Fleming Court

| Leigh Road

| Eastleigh

| Southampton

| Hampshire

| SO50 9PD

| REGISTERED NUMBER: | 03466232 (England and Wales)

VERMONT SYSTEMS LTD (REGISTERED NUMBER: 03466232)

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 13,671 |  | 21,852 |  |

13,671 |  | 21,852 |  |

CURRENT ASSETS

Debtors | 7 | 309,947 |  | 341,076 |  |

Cash at bank | 57,091 |  | 218,519 |  |

367,038 |  | 559,595 |  |

CREDITORS

Amounts falling due within one year | 8 | 139,178 |  | 180,018 |  |

NET CURRENT ASSETS | 227,860 |  | 379,577 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 241,531 |  | 401,429 |  |

PROVISIONS FOR LIABILITIES | 3,417 |  | 5,463 |  |

NET ASSETS | 238,114 |  | 395,966 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 11,100 |  | 11,100 |  |

Retained earnings | 227,014 |  | 384,866 |  |

SHAREHOLDERS' FUNDS | 238,114 |  | 395,966 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

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

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

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 23 June 2026 and were signed on its behalf by:

Mr C M M Ward - Director

VERMONT SYSTEMS LTD (REGISTERED NUMBER: 03466232)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Vermont Systems Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

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

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Turnover

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

| 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.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 20% straight line

| Computer equipment | - | 25% straight line

| All fixed assets are initially recorded at cost.

| 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.

| Pension costs and other post-retirement benefits

| The company contributes to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

VERMONT SYSTEMS LTD (REGISTERED NUMBER: 03466232)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

3. | ACCOUNTING POLICIES - continued

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative expenses.

| Operating lease agreements

| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 10 (2024 - 12 ) .

5. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 50,646 |  |

| AMORTISATION

| At 1 January 2025

| and 31 December 2025 | 50,646 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | - |  |

6. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 9,953 |  | 47,940 |  | 57,893 |  |

| Additions | - |  | 1,850 |  | 1,850 |  |

| Disposals | - |  | (2,989 | ) | (2,989 | ) |

| At 31 December 2025 | 9,953 |  | 46,801 |  | 56,754 |  |

| DEPRECIATION

| At 1 January 2025 | 4,902 |  | 31,139 |  | 36,041 |  |

| Charge for year | 1,772 |  | 8,259 |  | 10,031 |  |

| Eliminated on disposal | - |  | (2,989 | ) | (2,989 | ) |

| At 31 December 2025 | 6,674 |  | 36,409 |  | 43,083 |  |

| NET BOOK VALUE

| At 31 December 2025 | 3,279 |  | 10,392 |  | 13,671 |  |

| At 31 December 2024 | 5,051 |  | 16,801 |  | 21,852 |  |

VERMONT SYSTEMS LTD (REGISTERED NUMBER: 03466232)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 100,869 |  | 40,647 |  |

| Amounts owed by group undertakings | 199,998 |  | 275,998 |  |

| Other debtors | 9,080 |  | 24,431 |  |

309,947 |  | 341,076 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 10,888 |  | 10,850 |  |

| Taxation and social security | 78,918 |  | 126,917 |  |

| Other creditors | 49,372 |  | 42,251 |  |

139,178 |  | 180,018 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted and issued:

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

| value: | £ | £ |

| 55,500 | A Ordinary | £0.10 | 5,550 |  | 5,550 |  |

| 55,500 | B Ordinary | £0.10 | 5,550 |  | 5,550 |  |

11,100 |  | 11,100 |  |

10. | OTHER FINANCIAL COMMITMENTS

| Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £5,555 (2024: £13,058). This amount is in relation to operating lease commitments which are payable over the next year (2024: 2 years).

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025 | 2024 |

£ | £ |

| Mr C M M Ward and Mrs R J Ward

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 1,743 |  | 30,363 |  |

| Amounts repaid | (1,743 | ) | (30,363 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| The loan was unsecured with interest charged at HM Revenue & Customs approved rates.

12. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.