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REGISTERED NUMBER: 10156010 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Ground Risk Solutions Limited

Ground Risk Solutions Limited (Registered number: 10156010)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

Ground Risk Solutions Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | G A Evans

| R Mabe

| S G Jackson

| REGISTERED OFFICE: | 10 St Martins Industrial Park

| Moorend Farm Avenue

| Avonmouth

| Bristol

| BS11 0RS

| REGISTERED NUMBER: | 10156010 (England and Wales)

| ACCOUNTANTS: | HATS Gloucester Ltd

| 48 Hucclecote Road

| Gloucester

| Gloucestershire

| GL3 3RS

Ground Risk Solutions Limited (Registered number: 10156010)

Statement of Financial Position

31 December 2025

| 31/12/25 | 31/12/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 1,495,632 |  | 1,495,632 |  |

CURRENT ASSETS

Debtors | 5 | 12,424 |  | 462,424 |  |

NET CURRENT ASSETS | 12,424 |  | 462,424 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,508,056 |  | 1,958,056 |  |

CAPITAL AND RESERVES

Called up share capital | 572 |  | 572 |  |

Retained earnings | 6 | 1,507,484 |  | 1,957,484 |  |

SHAREHOLDERS' FUNDS | 1,508,056 |  | 1,958,056 |  |

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 26 June 2026 and were signed on its behalf by:

G A Evans - Director

Ground Risk Solutions Limited (Registered number: 10156010)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Ground Risk Solutions 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Ground Risk Solutions 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.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised 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 statement of financial position date.

3. | EMPLOYEES AND DIRECTORS

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

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| Cost

| At 1 January 2025

| and 31 December 2025 | 1,495,632 |  |

| Net book value

| At 31 December 2025 | 1,495,632 |  |

| At 31 December 2024 | 1,495,632 |  |

Ground Risk Solutions Limited (Registered number: 10156010)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

| 31/12/25 |  | 31/12/24

£ | £ |

| Amounts owed by group undertakings | 12,384 |  | 462,384 |  |

| Other debtors | 40 |  | 40 |  |

12,424 |  | 462,424 |  |

6. | RESERVES

| During the year, the company made a contribution of £750,000 (2024 - £Nil) to Soilfix EOT Limited, an Employee Ownership Trust set up for the benefit of the employees of the subsidiary company Soilfix Ltd.

7. | RELATED PARTY DISCLOSURES

| Soilfix Ltd

| Subsidiary company

| At 31 December 2025, Soilfix Ltd owed the company £12,384 (2024 - £462,384). The intercompany loan balance is interest free and has no fixed repayment terms.

8. | ULTIMATE CONTROLLING PARTY

| The company is controlled by the Employee Ownership Trust, Soilfix EOT Limited, which shares the same registered office as Ground Risk Solutions Limited.

9. | SHARE-BASED PAYMENT TRANSACTIONS

| During the year, share options in Ground Risk Solutions Limited, were granted to seven employees of the subsidiary company Soilfix Ltd.

| At 31 December 2025 40,374 £0.01 share options in Ground Risk Solutions Limited were outstanding (2024 - Nil). The share options will be settled in equity in Ground Risk Solutions Limited.

| The exercise price of the share options of £6.60 was agreed with HMRC in August 2025.

| The share options will vest and become exercisable upon the earliest of four events:

| - clearance of the EOT debt;

| - activation of the Sunset Clause of the EOT arrangements;

| - an exit event, to include a business sale; or

| - a disqualifying event.

| The maximum term of the options granted will be upon activation of the Sunset Clause in April 2033.

| A share based payment expense and reserve has been recognised in the subsidiary company Soilfix Ltd, being the employing company of the employees with the share options.