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REGISTERED NUMBER: 03915247 (England and Wales)

| Strategic Report, |

| Report of the Director and |

| Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| ALBERT HILL COMMERCIALS LIMITED |

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Director | 3 |

| Report of the Independent Auditors | 4 |

| Statement of Comprehensive Income | 7 |

| Balance Sheet | 8 |

| Statement of Changes in Equity | 9 |

| Cash Flow Statement | 10 |

| Notes to the Cash Flow Statement | 11 |

| Notes to the Financial Statements | 12 |

| ALBERT HILL COMMERCIALS LIMITED |

Company Information

for the Year Ended 31 December 2025

| Director: | P W Foster

| Secretary: | G Scott

| Registered office: | 8 River View Industrial Estate

| Dodsworth Street

| Darlington

| DL1 2UH

| Registered number: | 03915247 (England and Wales)

| Senior statutory auditor: | Lee Harris BSc (Hons) FCCA

| Auditors: | Mitchell Gordon LLP

| Accountants and Statutory Auditor

| 43 Coniscliffe Road

| Darlington

| Co. Durham

| DL3 7EH

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Strategic Report

for the Year Ended 31 December 2025

The director presents his strategic report for the year ended 31 December 2025.

Review of business

The principal activity of the company is commercial vehicle modifications and sales to the UK market.

The market for new vehicles is still robust, despite more general tougher market conditions and we envisage that 2026 will continue in the same manner.

As anticipated, manufacturer lead times stabilised in the year and we were able to continue to supply vehicles to customers on a timely basis and to the specifications they desired.

In 2025 the business, as planned, reduced its stock levels through the selling of vehicles by 24.8%. We now have a core range of vehicles that can be modified or tailored to each customers specification on a timely basis.

The business has focused on a small number of specialist vehicles to aid in widening the product range.

Key financial performance indicators during the year were as follows;

| Unit |  | 2025 |  | 2024 |  |

Turnover |  | £'000's |  | £22,291 |  | £20,883 |  |

Gross margin |  | % |  | 8.3% |  | 9.1% |  |

Profit before tax |  | £'000's |  | £1,690 |  | £1,656 |  |

Principal risks and uncertainties

Again in 2025 the business continued to retain its profits within the business thus ensuring that there was no requirement for 3rd party lending.

As lead times on vehicles has levelled out, the planning of future orders has become much more controlled and easier to forecast, thus taking any uncertainty out of the business as to being able to fulfil customers' expectations with vehicle orders and specifications.

The business expects to continue to generate positive cashflow throughout 2026 and this will ensure working capital requirements are met.

Future developments

The company has continued to invest in the HGV body fitting work and reduce its dependency on external suppliers. This ensures we have control of the anticipated workflow and can meet our customers demand and timescales as all vehicles are planned weeks in advance.

The workshop fits approx. 4 bodies to vehicles per week and this has become an inhouse profit centre. It is anticipated that the workshop will increase its workload and will take on other additional work for associated companies to ensure a continuous work supply throughout the year.

On behalf of the board:

P W Foster - Director

17 July 2026

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Report of the Director

for the Year Ended 31 December 2025

The director presents his report with the financial statements of the company for the year ended 31 December 2025.

Dividends

No dividends will be distributed for the year ended 31 December 2025.

Director

P W Foster held office during the whole of the period from 1 January 2025 to the date of this report.

Statement of director's responsibilities

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors

The auditors, Mitchell Gordon LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

P W Foster - Director

17 July 2026

Report of the Independent Auditors to the Members of

Albert Hill Commercials Limited

Opinion

We have audited the financial statements of Albert Hill Commercials Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Albert Hill Commercials Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of director's remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- |  | the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; |

- |  | we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sectors in which the company operates; |

- |  | we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection compliance, anti-bribery, employment, environmental and health and safety legislation; |

- |  | we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and |

- |  | identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. |

These procedures did not identify any potentially material actual or suspected non-compliance.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- |  | making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; |

- |  | considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. |

Report of the Independent Auditors to the Members of

Albert Hill Commercials Limited

To address the risk of fraud through management bias and override of controls, we:

- |  | performed analytical procedures to identify any unusual or unexpected relationships; |

- |  | reviewed material journal entries to identify unusual transactions or posting by unusual users; |

- |  | assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; |

- |  | investigated the rationale behind significant or unusual transactions. |

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- |  | agreeing financial statement disclosures to underlying supporting documentation; |

- |  | reading the minutes of meetings of those charged with governance; |

- |  | enquiring of management as to actual and potential litigation and claims; |

- |  | reviewing correspondence with HMRC and the company's legal advisors. |

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.

In addition, as with any audit, there remains a higher risk of non-detection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance of fraud and cannot be expected to detect non-compliance with all laws & regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Lee Harris BSc (Hons) FCCA (Senior Statutory Auditor)

for and on behalf of Mitchell Gordon LLP

Accountants and Statutory Auditor

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

17 July 2026

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Statement of Comprehensive

Income

for the Year Ended 31 December 2025

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

| Notes | £ | £ |

Turnover | 3 | 22,291,306 |  | 20,882,939 |  |

Cost of sales | 20,449,072 |  | 18,981,028 |  |

Gross profit | 1,842,234 |  | 1,901,911 |  |

Administrative expenses | 332,432 |  | 317,934 |  |

1,509,802 |  | 1,583,977 |  |

Other operating income | 102,720 |  | 99,600 |  |

Operating profit | 5 | 1,612,522 |  | 1,683,577 |  |

Interest receivable and similar income | 79,801 |  | - |  |

1,692,323 |  | 1,683,577 |  |

Interest payable and similar expenses | 6 | 1,893 |  | 27,545 |  |

Profit before taxation | 1,690,430 |  | 1,656,032 |  |

Tax on profit | 7 | 422,450 |  | 439,483 |  |

Profit for the financial year | 1,267,980 |  | 1,216,549 |  |

Other comprehensive income | - |  | - |  |

Total comprehensive income for the year | 1,267,980 |  | 1,216,549 |  |

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Balance Sheet

31 December 2025

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

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 8 | 184,345 |  | 94,253 |  |

Investment property | 9 | 1,311,213 |  | 1,311,213 |  |

1,495,558 |  | 1,405,466 |  |

Current assets

Stocks | 10 | 13,851,685 |  | 18,421,571 |  |

Debtors | 11 | 3,389,171 |  | 1,128,384 |  |

Cash at bank | 219,261 |  | 1,725,173 |  |

17,460,117 |  | 21,275,128 |  |

Creditors

Amounts falling due within one year | 12 | 2,258,564 |  | 7,263,665 |  |

Net current assets | 15,201,553 |  | 14,011,463 |  |

Total assets less current liabilities | 16,697,111 |  | 15,416,929 |  |

Provisions for liabilities | 13 | 51,969 |  | 39,767 |  |

Net assets | 16,645,142 |  | 15,377,162 |  |

Capital and reserves

Called up share capital | 14 | 100 |  | 100 |  |

Retained earnings | 15 | 16,645,042 |  | 15,377,062 |  |

Shareholders' funds | 16,645,142 |  | 15,377,162 |  |

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

P W Foster - Director

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Statement of Changes in Equity

for the Year Ended 31 December 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 January 2024 | 100 |  | 14,160,513 |  | 14,160,613 |  |

Changes in equity

Total comprehensive income | - |  | 1,216,549 |  | 1,216,549 |  |

Balance at 31 December 2024 | 100 |  | 15,377,062 |  | 15,377,162 |  |

Changes in equity

Total comprehensive income | - |  | 1,267,980 |  | 1,267,980 |  |

Balance at 31 December 2025 | 100 |  | 16,645,042 |  | 16,645,142 |  |

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Cash Flow Statement

for the Year Ended 31 December 2025

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

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 6,081,888 |  | 2,937,910 |  |

Interest paid | (1,893 | ) | (27,545 | ) |

Tax paid | (461,947 | ) | (775,123 | ) |

Net cash from operating activities | 5,618,048 |  | 2,135,242 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (171,330 | ) | (46,847 | ) |

Sale of tangible fixed assets | 32,364 |  | 54,002 |  |

Sale of investment property | - |  | 220,000 |  |

Loans issued | (2,000,000 | ) | - |  |

Interest received | 79,801 |  | - |  |

Net cash from investing activities | (2,059,165 | ) | 227,155 |  |

Cash flows from financing activities

Amount withdrawn by directors | (5,105,795 | ) | (1,147,347 | ) |

Balances with connected parties | 41,000 |  | 247,945 |  |

Net cash from financing activities | (5,064,795 | ) | (899,402 | ) |

(Decrease)/increase in cash and cash equivalents | (1,505,912 | ) | 1,462,995 |  |

Cash and cash equivalents at beginning of year | 2 | 1,725,173 |  | 262,178 |  |

Cash and cash equivalents at end of year | 2 | 219,261 |  | 1,725,173 |  |

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Notes to the Cash Flow Statement

for the Year Ended 31 December 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

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

£ | £ |

| Profit before taxation | 1,690,430 |  | 1,656,032 |  |

| Depreciation charges | 54,401 |  | 30,281 |  |

| Profit on disposal of fixed assets | (5,527 | ) | (38,655 | ) |

| Finance costs | 1,893 |  | 27,545 |  |

| Finance income | (79,801 | ) | - |  |

1,661,396 |  | 1,675,203 |  |

| Decrease in stocks | 4,569,886 |  | 4,844,268 |  |

| (Increase)/decrease in trade and other debtors | (301,787 | ) | 177,343 |  |

| Increase/(decrease) in trade and other creditors | 152,393 |  | (3,758,904 | ) |

| Cash generated from operations | 6,081,888 |  | 2,937,910 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 December 2025

| 31/12/25 |  | 1/1/25

£ | £ |

| Cash and cash equivalents | 219,261 |  | 1,725,173 |  |

| Year ended 31 December 2024

| 31/12/24 |  | 1/1/24

£ | £ |

| Cash and cash equivalents | 1,725,173 |  | 262,178 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1/1/25 | Cash flow | At 31/12/25

£ | £ | £ |

| Net cash |

| Cash at bank | 1,725,173 |  | (1,505,912 | ) | 219,261 |  |

1,725,173 |  | (1,505,912 | ) | 219,261 |  |

| Total | 1,725,173 |  | (1,505,912 | ) | 219,261 |  |

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Albert Hill Commercials 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.

| 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the company's accounting policies, the director is required to make judgements,

| estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis.

| Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| In particular, the valuation of Investment Property requires judgement by the director as there is no readily available information of comparable properties and due to the fluctuations in the UK property market in general.

| Turnover

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

| Turnover from the sale of vehicles is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Short leasehold | - | 10% on cost

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 15% on cost

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on cost

| Investment property

| Investment property is shown at a fair value that the director feels is a reflection of the current market value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

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

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by geographical market is given below:

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

£ | £ |

| United Kingdom | 22,273,306 |  | 20,489,089 |  |

| South America | - |  | 393,850 |  |

| Africa | 18,000 |  | - |  |

22,291,306 |  | 20,882,939 |  |

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | EMPLOYEES AND DIRECTORS

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

£ | £ |

| Wages and salaries | 396,547 |  | 302,587 |  |

| Social security costs | 32,631 |  | 28,114 |  |

| Other pension costs | 7,209 |  | 5,888 |  |

436,387 |  | 336,589 |  |

| The average number of employees during the year was as follows:

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

| Director | 1 |  | 1 |  |

| Workshop | 6 |  | 5 |  |

| Drivers | 2 |  | 2 |  |

| Security | 2 |  | 2 |  |

| Administration | 3 |  | 3 |  |

14 |  | 13 |  |

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

£ | £ |

| Director's remuneration | - |  | - |  |

5. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

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

£ | £ |

| Depreciation - owned assets | 54,401 |  | 30,281 |  |

| Profit on disposal of fixed assets | (5,527 | ) | (38,655 | ) |

| Auditors' remuneration | 10,500 |  | 10,000 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

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

£ | £ |

| Corporation tax interest | 1,893 |  | 27,545 |  |

7. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

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

£ | £ |

| Current tax:

| UK corporation tax | 410,248 |  | 440,708 |  |

| Deferred tax | 12,202 |  | (1,225 | ) |

| Tax on profit | 422,450 |  | 439,483 |  |

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

7. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

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

£ | £ |

| Profit before tax | 1,690,430 |  | 1,656,032 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 422,608 |  | 414,008 |  |

| Effects of:

| Expenses not deductible for tax purposes | - |  | 27,579 |  |

| Capital allowances in excess of depreciation | (12,888 | ) | (879 | ) |

| Chargeable gains | 528 |  | - |  |

| Deferred tax accelerated capital allowances | 12,202 |  | (1,225 | ) |

| Total tax charge | 422,450 |  | 439,483 |  |

8. | TANGIBLE FIXED ASSETS

| Freehold |  | Short |  | Plant and

| property |  | leasehold |  | machinery

£ | £ | £ |

| COST

| At 1 January 2025 | 500 |  | 60,000 |  | 122,373 |  |

| Additions | - |  | - |  | 58,500 |  |

| Disposals | - |  | - |  | (1,750 | ) |

| At 31 December 2025 | 500 |  | 60,000 |  | 179,123 |  |

| DEPRECIATION

| At 1 January 2025 | 222 |  | 60,000 |  | 75,799 |  |

| Charge for year | 10 |  | - |  | 26,185 |  |

| Eliminated on disposal | - |  | - |  | (813 | ) |

| At 31 December 2025 | 232 |  | 60,000 |  | 101,171 |  |

| NET BOOK VALUE

| At 31 December 2025 | 268 |  | - |  | 77,952 |  |

| At 31 December 2024 | 278 |  | - |  | 46,574 |  |

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

8. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 4,601 |  | 80,521 |  | 8,326 |  | 276,321 |  |

| Additions | 3,101 |  | 109,729 |  | - |  | 171,330 |  |

| Disposals | (2,900 | ) | (29,886 | ) | - |  | (34,536 | ) |

| At 31 December 2025 | 4,802 |  | 160,364 |  | 8,326 |  | 413,115 |  |

| DEPRECIATION

| At 1 January 2025 | 3,082 |  | 36,804 |  | 6,161 |  | 182,068 |  |

| Charge for year | 692 |  | 26,655 |  | 859 |  | 54,401 |  |

| Eliminated on disposal | (2,528 | ) | (4,358 | ) | - |  | (7,699 | ) |

| At 31 December 2025 | 1,246 |  | 59,101 |  | 7,020 |  | 228,770 |  |

| NET BOOK VALUE

| At 31 December 2025 | 3,556 |  | 101,263 |  | 1,306 |  | 184,345 |  |

| At 31 December 2024 | 1,519 |  | 43,717 |  | 2,165 |  | 94,253 |  |

9. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025

| and 31 December 2025 | 1,311,213 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1,311,213 |  |

| At 31 December 2024 | 1,311,213 |  |

| All investment property is included at cost, as the director feels this is a true reflection of the current market value.

10. | STOCKS

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

£ | £ |

| Stocks | 10,796,878 |  | 15,366,764 |  |

| Work-in-progress | 3,054,807 |  | 3,054,807 |  |

13,851,685 |  | 18,421,571 |  |

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

11. | DEBTORS

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

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 901,921 |  | 617,678 |  |

| Bad debt provision | (8,750 | ) | (26,294 | ) |

| Other debtors | 2,025,000 |  | 66,000 |  |

2,918,171 |  | 657,384 |  |

| Amounts falling due after more than one year:

| Other debtors | 471,000 |  | 471,000 |  |

| Aggregate amounts | 3,389,171 |  | 1,128,384 |  |

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

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

£ | £ |

| Trade creditors | 659,372 |  | 373,042 |  |

| Tax | 169,009 |  | 220,708 |  |

| Social security and other taxes | 10,271 |  | 6,706 |  |

| VAT | 253,511 |  | 745,006 |  |

| Other creditors | 660,638 |  | 303,102 |  |

| Director's current account | 495,099 |  | 5,600,894 |  |

| Accrued expenses | 10,664 |  | 14,207 |  |

2,258,564 |  | 7,263,665 |  |

13. | PROVISIONS FOR LIABILITIES

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

£ | £ |

| Deferred tax | 51,969 |  | 39,767 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 39,767 |  |

| Accelerated capital allowances | 12,202 |  |

| Balance at 31 December 2025 | 51,969 |  |

| The amount of the net reversal of deferred tax expected to occur next year is £12,143 (2024 £5,723), relating to the reversal of existing timing differences on tangible fixed assets.

14. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31/12/25 |  | 31/12/24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

ALBERT HILL COMMERCIALS LIMITED (REGISTERED NUMBER: 03915247) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

14. | CALLED UP SHARE CAPITAL - continued

| Ordinary shares have one vote per share and the right to participate in any distribution as recommended by the directors, on a pro-rata basis with regard to total number of shares in issue.

15. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2025 | 15,377,062 |  |

| Profit for the year | 1,267,980 |  |

| At 31 December 2025 | 16,645,042 |  |

16. | RELATED PARTY DISCLOSURES

| Entities over which the entity has control, joint control or significant influence

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

£ | £ |

| Sales | - |  | 1,086 |  |

| Purchases | - |  | 119,679 |  |

| Amount due from related party | - |  | 41,000 |  |

| Other related parties

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

£ | £ |

| Sales | 421,523 |  | - |  |

| Purchases | 40,000 |  | - |  |

| Amount due from related party | 144,734 |  | - |  |

| Loans totalling £1,115,000 were made to a related party and subsequently repaid during the year, with no balance outstanding at the year end. The loans were interest free.