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REGISTERED NUMBER: 02903668 (England and Wales)

| Financial Statements |

| for the Year Ended 30th April 2026 |

| for |

| Michael Dyson Associates Limited |

| Michael Dyson Associates Limited (Registered number: 02903668) |

Contents of the Financial Statements

for the Year Ended 30th April 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Michael Dyson Associates Limited |

Company Information

for the Year Ended 30th April 2026

| DIRECTORS: | A M Dyson

| M T Brown

| A J Robinson

| E L Taylor

| P A Tyrer

| S A M Allder

| D Binns

| SECRETARY: | S A M Allder

| REGISTERED OFFICE: | West House

| Meltham Road

| Honley

| Holmfirth

| West Yorkshire

| HD9 6LB

| REGISTERED NUMBER: | 02903668 (England and Wales)

| AUDITORS: | Connelly & Co Limited

| Chartered Accountants

| and Statutory Auditors

| Permanent House

| 1 Dundas Street

| Huddersfield

| HD1 2EX

| Michael Dyson Associates Limited (Registered number: 02903668) |

Balance Sheet

30th April 2026

| 30.4.26 | 30.4.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 16,934 |  | 41,790 |  |

CURRENT ASSETS

Stocks | 8,750 |  | 8,750 |  |

Debtors | 5 | 2,015,283 |  | 1,718,994 |  |

Cash at bank | 142,439 |  | 565,009 |  |

2,166,472 |  | 2,292,753 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,090,439 |  | 2,244,349 |  |

NET CURRENT ASSETS | 76,033 |  | 48,404 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 92,967 |  | 90,194 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 26,288 |  | 26,288 |  |

Capital redemption reserve | 43,812 |  | 43,812 |  |

Retained earnings | 22,867 |  | 20,094 |  |

SHAREHOLDERS' FUNDS | 92,967 |  | 90,194 |  |

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 7th July 2026 and were signed on its behalf by:

A M Dyson - Director

| Michael Dyson Associates Limited (Registered number: 02903668) |

Notes to the Financial Statements

for the Year Ended 30th April 2026

1. | STATUTORY INFORMATION

| Michael Dyson Associates 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.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

| amounts in these financial statements are rounded to the nearest £.

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

| policies are set out below.

| The company's immediate parent undertaking is M Dyson Associates Limited. These financial statements are prepared in accordance with FRS 102 and may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

| Significant judgements and estimates

| Estimates and judgements are continually evaluated and are based on historical expenses and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The significant estimates and assumptions that the directors consider to have a significant risk causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are explained below.

| Revenue recognition

| The company recognises revenue from consultancy services in two ways: either at a point in time, when the service has been fully completed, or over a period of time, as the work progresses. When services are completed at a point in time, revenue is recognised once all obligations have been fulfilled and the client receives the final deliverable.

| For services delivered over time, revenue is recognised gradually as the work is performed. In these cases, management must make judgements to decide the best way to measure progress toward completing the work. This could involve tracking time spent, costs incurred, or milestones achieved. These judgements are important because they determine how much revenue is reported in each period.

| Provisions

| The company is sometimes subject to claims, which are usually covered by insurance, although there may be costs not covered due to policy excesses. For any part of the claims that are not insured, the company estimates its potential liability based on a detailed review of each claim and its past experience in dealing with similar situations.

| These estimates are uncertain because it is difficult to predict how likely the claims are to succeed or how much they may ultimately cost. To make these estimates more reliable, the company seeks legal and professional advice. This helps in assessing the chances of a claim being successful and in understanding how similar claims have developed recently.

| Michael Dyson Associates Limited (Registered number: 02903668) |

Notes to the Financial Statements - continued

for the Year Ended 30th April 2026

2. | ACCOUNTING POLICIES - continued

| Changes in accounting policies

| Amendments to FRS 102 arising from the Periodic Review 2024 have been issued but were not yet effective for the current reporting period and have not been early adopted by the company.

| The amendments introduce revised requirements for revenue recognition and lease accounting. The revised revenue recognition requirements introduce a control-based model for recognising revenue. The revised lease accounting requirements will require lessees to recognise leases on the balance sheet through the recognition of a right-of-use asset and a corresponding lease liability, subject to certain exemptions.

| The directors have not yet completed a detailed assessment of the impact of these amendments and it is therefore not currently practicable to estimate their full financial effect. However, the principal impact is expected to be the recognition of right-of-use asset and lease liability in respect of the company's property and vehicle leases.

| Turnover

| Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

| Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

| Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

| Tangible fixed assets

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

| Short leasehold | - | 25% on Reducing Balance and Over the Term of the Lease

| Fixtures and fittings | - | 25% Straight Line Basis and 25% on Reducing Balance

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| The gain and loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss.

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible 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). Where is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| Michael Dyson Associates Limited (Registered number: 02903668) |

Notes to the Financial Statements - continued

for the Year Ended 30th April 2026

2. | ACCOUNTING POLICIES - continued

| If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Recognised impairment losses are reversed if, and only if, the reasons of the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years.

| A reversal of an impairment loss is recognised immediately in profit and loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

| Stocks and work in progress

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classed as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments subsequently carried at amortised cost, using effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially a transaction price and subsequently measured at amortised cost using effective interest method.

| Michael Dyson Associates Limited (Registered number: 02903668) |

Notes to the Financial Statements - continued

for the Year Ended 30th April 2026

2. | ACCOUNTING POLICIES - continued

| 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.

| Employee benefits

| The costs of the short term employee benefits are recognised as a liability and an expenses, unless those costs are required to be recognised as part of stock of fixed assets.

| The costs of of unused annual holiday entitlement is recognised in the period in which the employees services are required.

| Termination benefits are recognised immediately as an expenses when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

| Leases

| Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which the economic benefits from the leases asset are consumed.

| Pension costs and other post-retirement benefits

| The company operates a money purchase (defined contribution) pension scheme. Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate. These contributions are invested separately from the company's assets.

| Going concern

| For the year ended 30 April 2026, the company delivered strong results. The business maintains a solid client base, driven by high-quality service, sector reputation, and experienced record demand for stock condition surveys amid ongoing sector capacity constraints. The company remains agile, capitalising on new revenue opportunities with an increased turnover target for the upcoming year.

| The company sustains high client retention and actively pursues new business through tenders and industry engagement.

| Potential risks of exposure to professional indemnity and litigation claims could cause both financial and reputational damage to the business. Additionally, delays arising from the Building Safety Regulator may temporarily slow income recognition but will not affect total contract values.

| Taking these factors into account, the directors have concluded that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Michael Dyson Associates Limited (Registered number: 02903668) |

Notes to the Financial Statements - continued

for the Year Ended 30th April 2026

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 86 (2025 - 90 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1st May 2025

| and 30th April 2026 | 98,589 |  | 95,193 |  | 193,782 |  |

| DEPRECIATION

| At 1st May 2025 | 79,736 |  | 72,256 |  | 151,992 |  |

| Charge for year | 7,769 |  | 17,087 |  | 24,856 |  |

| At 30th April 2026 | 87,505 |  | 89,343 |  | 176,848 |  |

| NET BOOK VALUE

| At 30th April 2026 | 11,084 |  | 5,850 |  | 16,934 |  |

| At 30th April 2025 | 18,853 |  | 22,937 |  | 41,790 |  |

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

| 30.4.26 |  | 30.4.25

£ | £ |

| Trade debtors | 1,795,490 |  | 1,607,886 |  |

| Other debtors | 219,793 |  | 111,108 |  |

2,015,283 |  | 1,718,994 |  |

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

| 30.4.26 |  | 30.4.25

£ | £ |

| Trade creditors | 365,633 |  | 389,240 |  |

| Amounts owed to group undertakings | 583,238 |  | 1,002,023 |  |

| Taxation and social security | 411,271 |  | 310,273 |  |

| Other creditors | 730,297 |  | 542,813 |  |

2,090,439 |  | 2,244,349 |  |

| Amounts owed to group undertakings are interest free and repayable on demand.

7. | LEASING AGREEMENTS

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

| 30.4.26 |  | 30.4.25

£ | £ |

| Within one year | 158,543 |  | 145,072 |  |

| Between one and five years | 190,015 |  | 286,306 |  |

348,558 |  | 431,378 |  |

| Michael Dyson Associates Limited (Registered number: 02903668) |

Notes to the Financial Statements - continued

for the Year Ended 30th April 2026

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.4.26 |  | 30.4.25

| value: | £ | £ |

| 18,288 | Ordinary A Shares | £1 | 18,288 |  | 18,288 |  |

| 8,000 | Ordinary B Shares | £1 | 8,000 |  | 8,000 |  |

26,288 |  | 26,288 |  |

| Both the A Ordinary and B Ordinary shares have the right to vote, receive dividends and are non-redeemable.

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| B J Hodgson (Senior Statutory Auditor)

| for and on behalf of Connelly & Co Limited

10. | PENSION COMMITMENTS

| The company operates defined contribution pension schemes on behalf of its directors and employees. Contributions in respect of the schemes are charged to the profit and loss account in the period in which they are payable. The amount charged in the accounts was £200,866 (2025 - £278,132). The amount outstanding at the year end was £24,193 (2025 - £24,665).

11. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| During the year, the company paid a market rent totalling £105,400 (2025 - £105,000) to a pension scheme of which a director is the beneficiary of.

| The directors are considered to be the key management personnel of the company.

12. | ULTIMATE CONTROLLING PARTY

| Mr A M Dyson is considered the ultimate controlling party.