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REGISTERED NUMBER: 01536863 (England and Wales)

| Financial Statements |

| for the Year Ended 31st December 2025 |

| for |

| The Air Group Limited |

The Air Group Limited (Registered number: 01536863)

Contents of the Financial Statements

for the Year Ended 31st December 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

The Air Group Limited

Company Information

for the Year Ended 31st December 2025

| DIRECTORS: | J D Codling

| N J S Randall

| REGISTERED OFFICE: | Leys Stables

| Old Bix Road

| Henley on Thames

| Oxfordshire

| RG9 6BY

| REGISTERED NUMBER: | 01536863 (England and Wales)

| ACCOUNTANTS: | Buffery & Co Ltd

| Chiltern House

| 45 Station Rd

| Henley On Thames

| Oxfordshire

| RG9 1AT

The Air Group Limited (Registered number: 01536863)

Abridged Balance Sheet

31st December 2025

| 31.12.25 | 31.12.24 |

| Notes | £'000 | £'000 | £'000 | £'000 |

FIXED ASSETS

Tangible assets | 4 | 885 |  | 886 |  |

Investments | 5 | 7,632 |  | 8,136 |  |

8,517 |  | 9,022 |  |

CURRENT ASSETS

Stocks | 3,197 |  | 6,860 |  |

Debtors: amounts falling due within one year | 2,637 |  | 1,320 |  |

Debtors: amounts falling due after more than one year | 6 | 5,206 |  | 3,204 |  |

Investments | 1 |  | 1 |  |

Cash at bank | 5,467 |  | 3,544 |  |

16,508 |  | 14,929 |  |

CREDITORS

Amounts falling due within one year | 522 |  | 524 |  |

NET CURRENT ASSETS | 15,986 |  | 14,405 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 24,503 |  | 23,427 |  |

CREDITORS

Amounts falling due after more than one year | 13,408 |  | 13,277 |  |

NET ASSETS | 11,095 |  | 10,150 |  |

CAPITAL AND RESERVES

Called up share capital | 600 |  | 2,475 |  |

Share premium | 8 | 4,845 |  | 2,970 |  |

Revaluation reserve | 8 | 781 |  | 781 |  |

Retained earnings | 8 | 4,869 |  | 3,924 |  |

SHAREHOLDERS' FUNDS | 11,095 |  | 10,150 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Air Group Limited (Registered number: 01536863)

Abridged Balance Sheet - continued

31st December 2025

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 10th July 2026 and were signed on its behalf by:

N J S Randall - Director

The Air Group Limited (Registered number: 01536863)

Notes to the Financial Statements

for the Year Ended 31st December 2025

1. | STATUTORY INFORMATION

| The Air Group 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.

| Turnover

| Turnover represents amounts receivable for goods and services net of VAT

| Tangible fixed assets

| Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the costs of each asset over its expected useful life, as follows:

| Land & Buildings (Leasehold ) 20% straight line

| Computer equipment 33% straight line

| Fixtures & fittings 33% straight line

| Motor Vehicles 33% straight line

| Work in progress

| Work in progress is valued on the basis of direct costs plus attributable overheads. Appropriate provision is made for any foreseeable losses. No element of profit is included in the valuation of work in progress.

| 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.

| Investments

| Fixed asset investments are stated at their quoted market value. Where a quoted valuation does not exist, the investments are valued at the lower of cost and the directors' opinion of market value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

The Air Group Limited (Registered number: 01536863)

Notes to the Financial Statements - continued

for the Year Ended 31st December 2025

4. | TANGIBLE FIXED ASSETS

| Totals

£'000 |

| COST

| At 1st January 2025

| and 31st December 2025 | 998 |  |

| DEPRECIATION

| At 1st January 2025 | 112 |  |

| Charge for year | 1 |  |

| At 31st December 2025 | 113 |  |

| NET BOOK VALUE

| At 31st December 2025 | 885 |  |

| At 31st December 2024 | 886 |  |

5. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£'000 |

| COST

| At 1st January 2025 | 6,579 |  |

| Additions | 851 |  |

| Disposals | (2,117 | ) |

| At 31st December 2025 | 5,313 |  |

| PROVISIONS

| At 1st January 2025 | (1,557 | ) |

| Charge for year | (762 | ) |

| At 31st December 2025 | (2,319 | ) |

| NET BOOK VALUE

| At 31st December 2025 | 7,632 |  |

| At 31st December 2024 | 8,136 |  |

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

| 31.12.25 |  | 31.12.24

£'000 | £'000 |

| Amounts owed by AGRL | 5,206 |  | 3,204 |  |

7. | SECURED DEBTS

| Bank overdraft facility with Lloyds Bank PLC. There is a fixed and floating charge over the assets of the company to secure this liability.

The Air Group Limited (Registered number: 01536863)

Notes to the Financial Statements - continued

for the Year Ended 31st December 2025

8. | RESERVES

| Retained |  | Share |  | Revaluation |

| earnings |  | premium |  | reserve |  | Totals

£'000 | £'000 | £'000 | £'000 |

| At 1st January 2025 | 3,924 |  | 2,970 |  | 781 |  | 7,675 |  |

| Profit for the year | 945 |  | 945 |  |

| Bonus share issue | - |  | (270 | ) | - |  | (270 | ) |

| Purchase of own shares | - |  | 2,145 |  | - |  | 2,145 |  |

| At 31st December 2025 | 4,869 |  | 4,845 |  | 781 |  | 10,495 |  |

9. | RELATED PARTY DISCLOSURES

| At the year end, the company owed Mr NJS Randall £5,499,308 (2024 - £5,794,000 ) in respect of his directors loan account. The full amount has been included in long term creditors.

| At the year end, the company owed £7,481,501 (2024 - £7,482,501) to its parent company, Roman Rentals 012 Limited. The full amount has been included in long term creditors.

10. | ULTIMATE CONTROLLING PARTY

| The controlling party is N J S Randall.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: Class: Nominal Value: 31.12.25 31.12.24

| 600,000 Ordinary Shares £1 £600,000 £300,000

| NIL Preference Shares £1 £0 £2,175,000

| ________ __________

| £600,000 £2,475,000

| Shares were issued during the year as follows:

| Cash at premium

| 30,000 Ordinary Shares of £1 for £2,175,000

| As a bonus out of reserves

| 270,000 Ordinary Shares of £1