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REGISTERED NUMBER: SC664733 (Scotland)

Financial Statements For The Year Ended 31 December 2025

for

3rd Resource Limited

| 3rd Resource Limited (Registered number: SC664733) |

Contents of the Financial Statements

For The Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Abridged Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| 3rd Resource Limited |

Company Information

For The Year Ended 31 December 2025

| DIRECTOR: | R J Ritchie

| REGISTERED OFFICE: | Evolution View Wellheads Crescent

| Wellheads Industrial Estate

| Dyce

| Aberdeen

| AB21 7GA

| REGISTERED NUMBER: | SC664733 (Scotland)

| ACCOUNTANTS: | Robb Ferguson Chartered Accountants

| Regent Court

| 70 West Regent Street

| Glasgow

| G2 2QZ

| 3rd Resource Limited (Registered number: SC664733) |

Abridged Statement of Financial Position

31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 822,766 |  | 990,869 |  |

Cash at bank | 8,375 |  | 8,564 |  |

831,141 |  | 999,433 |  |

CREDITORS

Amounts falling due within one year | 830,435 |  | 953,431 |  |

NET CURRENT ASSETS | 706 |  | 46,002 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 706 |  | 46,002 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 606 |  | 45,902 |  |

706 |  | 46,002 |  |

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 director acknowledges his 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.

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

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

The financial statements were approved by the director and authorised for issue on 17 July 2026 and were signed by:

R J Ritchie - Director

| 3rd Resource Limited (Registered number: SC664733) |

Notes to the Financial Statements

For The Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| 3rd Resource Limited is a private company, limited by shares , registered in Scotland. 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. | 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 company has improved its trading position resulting in sufficient reserves to meet ongoing obligations

| and will continue to do so for the next twelve months from approval of the financial statements.

| In conclusion, the financial statements have been prepared on a going concern basis.

| Turnover

| Turnover represents the fair value of the consideration received or receivable for the recharge of personnel

| and is shown net of VAT. Turnover is accounted for an accruals basis at the point the services are carried out

| by the personnel.

| Financial instruments

| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

| Taxation

| Current tax

| Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that

| have been enacted or substantively enacted at the Balance Sheet date.

| Deferred tax

| Deferred tax arises as a result of including items of income and expenditure in taxation computations in

| periods different from those in which they are included in the Company's financial statements. Deferred tax is

| provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at

| the average tax rates that are expected to apply when the timing differences reverse, based on current tax

| rates and laws. Deferred tax assets and liabilities are not discounted.

| The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is

| set up against deferred tax assets so that the net carrying amount equals the highest amount that is more

| likely than not to be recovered based on current or future taxable profit.

| 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.

| 3rd Resource Limited (Registered number: SC664733) |

Notes to the Financial Statements - continued

For The Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Impairment of assets

| Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance

| Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and

| Loss Account as described below.

| Non-financial assets

| At each balance sheet date, the company reviews its tangible and intangible assets to determine whether

| there is any indication that those assets have suffered an impairment loss.

| If any such indication exists, the recoverable amount of the asset is estimated in order to determine the

| extent of the impairment loss (if any).

| Financial assets

| An asset is impaired where there is objective evidence that, as a result of one or more events that occurred

| after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable

| amount of an asset is the higher of its fair value less costs to sell and its value in use.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 40 (2024 - 45 ) .

4. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | - |  | 16,500 |  |

5. | RELATED PARTY DISCLOSURES

| At the statement of financial position date of 31 December 2025 an amount of £370,000 (2024: £370,000) was due from Challenger Energy Ltd, a company under common control of director.

| At the statement of financial position date of 31 December 2025 an amount of £10,000 (2024: £10,000) was due from 3rd Momentum Ltd, a company under common control of director.

| At the statement of financial position date of 31 December 2025 an amount of £611,162 (2024: £685,000) was due to Evolution Ropes Ltd, a company under common control of director. Sales of £447,023 (2024:£475,367) were made to this company during the year.

| At the statement of financial position date of 31 December 2025 an amount of £6,479 (2024: £0) was due to Evolution Offshore Ltd (previously known as Rig Surveys Ltd), a company under common control of director. Sales of £1,449,912 (2024: £1,611,382) were made to this company during the year.

| During the year the company made sales to of £650,596 (2024: £503,385) to Evolution Hose Ltd, a company under common control of director

| During the year the company made sales to of £90,404 (2024: £130,735) and purchases of £100,000 (2024: £0) to Sphereone Portal Ltd, a company under common control of director

6. | POST BALANCE SHEET EVENTS

| At close of business on 31 December 2025 the company transferred the trade of the business to Evolution Offshore Limited. All employees of 3rd Resource Limited were transferred over to the payroll of Evolution Offshore Limited during the year.