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REGISTERED NUMBER: 04624864 (England and Wales)

| TJC PLANT GROUP LIMITED |

| STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Income Statement | 10 |

| Other Comprehensive Income | 11 |

| Balance Sheet | 12 |

| Statement of Changes in Equity | 13 |

| Notes to the Financial Statements | 14 |

| TJC PLANT GROUP LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr R A White

| Mr D J White

| REGISTERED OFFICE: | 15 High Street

| Brackley

| Northamptonshire

| NN13 7DH

| REGISTERED NUMBER: | 04624864 (England and Wales)

| AUDITORS: | Blencowes

| Chartered Accountants & Statutory Auditors

| 15 High Street

| Brackley

| Northamptonshire

| NN13 7DH

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their strategic report for the year ended 31 December 2025.

TJC Plant Group Limited is engaged in the supply, maintenance, and rental of construction and industrial plant machinery across the UK. The company serves clients in infrastructure, civil engineering, and construction, providing self-drive plant equipment.

REVIEW OF BUSINESS

The Directors are satisfied with the results for the year, which are in line with expectations for the Company.

The company has seen a significant increase in turnover and as a result an increase in profits. This performance was driven by a combination of increased infrastructure investment and improved utilisation rates of our rental fleet and additional sales of new machinery.

The margins of the company have dropped slightly, which was a considered approach to de risking the business and increasing the customer base. The directors consider the effort to increase the customer base as been successful giving increased longetivity to the business.

Revenue for the year increased by 42% to £25,237,417 reflecting robust demand from the private sector clients. Gross margin remained strong at 13%, supported by efficient asset turnover and investment in fleet upgrades.

Operating profit also improved reflecting the increased in turnover and operational efficiencies and cost controls.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors monitor the company's principal risks and uncertainties through regular management reviews. Key risks include:

Economic and Market Risk

A downturn in construction activity or changes in government infrastructure spending could affect demand. The company mitigates this by diversifying its client base and maintaining a flexible rental model.

Asset Depreciation and Residual Value Risk

As a plant hire company, the value of owned equipment is exposed to market fluctuations. The business manages this through careful asset management and regular fleet replacement cycles.

Health & Safety and Compliance

Operating heavy equipment carries inherent risks. The company has robust training and compliance procedures to reduce risk and maintain health and safety standards.

Interest Rate and Financing Risk

The company utilizes financing for asset acquisition. Rising interest rates may increase costs. Finance terms are regularly reviewed to optimise debt structure.

Credit risk

Credit risk is tightly controlled as machines are not usually released to the customer until paid for and most are financed by an external funder, net of any deposit paid by the customer. Customer credit risk is addressed through a mixture of credit worthiness checks and a proactive approach to cash collection.

Liquidity risk

The company ensures sufficient liquidity is available to meet foreseeable needs through regular cash flow forecasting and negotiation of appropriate financing arrangements.

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

GOING CONCERN

After reviewing the strong performance reported in financial statements, the available management information to date and considering current and future developments and principal risks and uncertainties. The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence over a period of at least twelve months from the date of approval of these financial statements and have not identified a material uncertainty in this regard. Accordingly, they continue to adopt the going concern basis in preparing these Financial Statements.

ON BEHALF OF THE BOARD:

Mr R A White - Director

16 July 2026

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the supply and hire of motor vehicle plant, equipment and related services.

DIVIDENDS

Total dividends of £507,200 (2024 £114,992) were declared in the year.

FUTURE DEVELOPMENTS

TJC Plant Group Limited intends to continue its growth by:

- Expanding its head office building to accommodate our growth and to provide an improved working environment.

- Consideration of investing in modern, low-emission fleet vehicles were possible.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

Mr R A White

Mr D J White

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are 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 directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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 directors are 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 each director 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.

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

AUDITORS

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

ON BEHALF OF THE BOARD:

Mr R A White - Director

16 July 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

TJC PLANT GROUP LIMITED

Opinion

We have audited the financial statements of TJC Plant Group Limited (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 directors' 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 directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, 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 Directors 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 Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

TJC PLANT GROUP 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 Directors.

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 directors' remuneration specified by law are not made; or

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

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page four, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

TJC PLANT GROUP LIMITED

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:

- |  | The audit process has documented the systems and internal controls adopted by the company and |

| considered their adequacy. Our audit work included testing journal entries due to an inherent risk of |  |

| management override of controls. |

- |  | An audit team planning meeting was held which communicated areas of identified risks and considered |

| possible opportunities for fraud within the company. |

- |  | The engagement partner assessed the experience and abilities of the engagement team to ensure they |

| collectively competent to identify irregularities. |

- |  | All risks identified at the planning stage and the related audit work were reviewed and results considered to |

| confirm that no irregularities had been identified. |

- |  | Our audit has included a review of the disclosures in the financial statements and comparison of those |

| disclosures with the results of our audit work to identify any disparities. |

- |  | Analytical review of the financial statements has been undertaken at both the planning and completion |

| stages of the audit to identify risks of irregularities and the results of the audit work carried out on those |

| areas of risk. |

- |  | The judgements made in making accounting estimates have been assessed as to whether they indicate |

| potential bias. |

- |  | Enquiries have been made of management regarding known instances of fraud, litigation or claims |

| in progress. |  |

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognizing that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from an error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

TJC PLANT GROUP LIMITED

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.

Ashley Painter ACA FCCA MAAT (Senior Statutory Auditor)

for and on behalf of Blencowes

Chartered Accountants & Statutory Auditors

15 High Street

Brackley

Northamptonshire

NN13 7DH

16 July 2026

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

INCOME STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 25,237,417 |  | 17,769,063 |  |

Cost of sales | 21,871,289 |  | 14,565,311 |  |

GROSS PROFIT | 3,366,128 |  | 3,203,752 |  |

Administrative expenses | 2,257,023 |  | 2,048,730 |  |

1,109,105 |  | 1,155,022 |  |

Other operating income | 7,239 |  | 18,567 |  |

OPERATING PROFIT | 5 | 1,116,344 |  | 1,173,589 |  |

Interest receivable and similar income | 45,258 |  | 18,431 |  |

1,161,602 |  | 1,192,020 |  |

Interest payable and similar expenses | 6 | 157,977 |  | 109,732 |  |

PROFIT BEFORE TAXATION | 1,003,625 |  | 1,082,288 |  |

Tax on profit | 7 | 234,911 |  | 433,905 |  |

PROFIT FOR THE FINANCIAL YEAR | 768,714 |  | 648,383 |  |

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 768,714 |  | 648,383 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 768,714 |  | 648,383 |  |

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | - |  | - |  |

Tangible assets | 10 | 2,698,204 |  | 3,680,736 |  |

2,698,204 |  | 3,680,736 |  |

CURRENT ASSETS

Stocks | 11 | 3,079,012 |  | 495,529 |  |

Debtors | 12 | 1,851,046 |  | 1,477,253 |  |

Cash at bank | 1,785,794 |  | 1,132,356 |  |

6,715,852 |  | 3,105,138 |  |

CREDITORS

Amounts falling due within one year | 13 | 4,079,011 |  | 1,457,973 |  |

NET CURRENT ASSETS | 2,636,841 |  | 1,647,165 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,335,045 |  | 5,327,901 |  |

CREDITORS

Amounts falling due after more than one year | 14 | (685,591 | ) | (1,105,337 | ) |

PROVISIONS FOR LIABILITIES | 16 | (946,643 | ) | (781,267 | ) |

NET ASSETS | 3,702,811 |  | 3,441,297 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 1,000 |  | 1,000 |  |

Retained earnings | 18 | 3,701,811 |  | 3,440,297 |  |

SHAREHOLDERS' FUNDS | 3,702,811 |  | 3,441,297 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

Mr R A White - Director

Mr D J White - Director

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

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 | 1,000 |  | 2,906,906 |  | 2,907,906 |  |

Changes in equity

Dividends | - |  | (114,992 | ) | (114,992 | ) |

Total comprehensive income | - |  | 648,383 |  | 648,383 |  |

Balance at 31 December 2024 | 1,000 |  | 3,440,297 |  | 3,441,297 |  |

Changes in equity

Dividends | - |  | (507,200 | ) | (507,200 | ) |

Total comprehensive income | - |  | 768,714 |  | 768,714 |  |

Balance at 31 December 2025 | 1,000 |  | 3,701,811 |  | 3,702,811 |  |

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| TJC Plant 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.

| 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.

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows;

| • | the requirement of paragraph 33.7.

| Turnover

| Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

| When cash flows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

| Goodwill

| Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

| Tangible fixed assets

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

| Improvements to property | - | 10% on cost

| Plant and machinery | - | 10% on cost

| Fixtures and fittings | - | Reducing balance over 8 years

| Motor vehicles | - | 25% on cost

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| 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 and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

| 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.

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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 of 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 transaction 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.

| Other financial assets

| Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss , except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

| Impairment of financial assets

| Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was

| recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual

| 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 of 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.

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Basic financial liabilities

| Basic financial liabilities, including creditors , bank loans, loans from fellow group companies and preference shares that are classified 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 are subsequently carried at amortised cost, using the 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 at transaction price and subsequently measured at amortised cost using the effective interest method.

| Other financial liabilities

| Derivatives, including forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

| Foreign exchange

| Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date.Gains and losses arising on translation in the period are included in profit or loss.

| 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 taxation

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Going concern

| The Directors model a number of scenarios, including a reasonable worst-case, to ensure that the company maintains adequate headroom against its working capital requirements and financial commitments This

| reasonable worst-case scenario has been modelled without mitigating actions and, despite this, the company is forecast to maintain headroom against its working capital requirements and financial covenants within the

| assessment period.

| After reviewing the financial statements and the cashflow model, considering current and future devolvement and principal risks and uncertainties and making appropriate enquiries, the Directors have a reasonable

| expectation that the Company has adequate resources to continue in operational existence over a period of at least twelve months from the date of approval of these financial statements and have not identified a material uncertainty in this regard. Accordingly, they continue to adopt the going concern basis in preparing these Financial Statements.

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

3. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

| Critical judgments

| Lease commitments

| The company determines whether leases entered into by the company either as a lessor or a lessee are operating or lease or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

| Depreciation rates

| Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected

| disposal values.

| Recoverability of intercompany receivables

| Judgements are required in assessing the recoverability and timing of intercompany receivables and determining

| whether impairments of those receivables are required. Judgements are based on historical performance as well as forecasts. The Company monitors the recoverability of such receivables and recognises impairments for amounts that may not be recoverable.

| Sources of estimation uncertainty

| Impairment of fixed assets

| into The company determines whether there are indicators of impairment of tangible and intangible assets. Factors taken consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

| Valuation of stock provision

| The company determines whether there are conditions that exist at the balance sheet date that indicates that the net realisable value of individual stock lines are less than the carrying value. Such indicators include post year end sales, auction prices, and market demand.

| Debtors provisioning

| Debtors, including amounts owed from group undertakings, are subject to impairment reviews to determine whether current or future events and circumstances indicate that the estimated future cash flows derived from the asset have been adversely impacted.

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 763,128 |  | 549,921 |  |

| Social security costs | 85,598 |  | 50,378 |  |

| Other pension costs | 107,931 |  | 62,354 |  |

956,657 |  | 662,653 |  |

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

| 2025 |  | 2024

| Management | 2 |  | 2 |  |

| Other employees | 17 |  | 15 |  |

19 |  | 17 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 35,624 |  | 22,266 |  |

| Directors' pension contributions to money purchase schemes | 82,000 |  | 44,000 |  |

5. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Other operating leases | 172,625 |  | 120,822 |  |

| Depreciation - owned assets | 878,663 |  | 1,041,627 |  |

| Profit on disposal of fixed assets | (25,741 | ) | (29,154 | ) |

| Auditor's remuneration | 9,675 |  | 8,500 |  |

| Foreign exchange differences | 136 |  | 11,403 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Hire purchase | 157,977 |  | 109,732 |  |

7. | TAXATION

| Analysis of the tax charge

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

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 291,575 |  | 154,138 |  |

| Deferred tax | (56,664 | ) | 279,767 |  |

| Tax on profit | 234,911 |  | 433,905 |  |

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

8. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary A shares of £0.01 each

| Final | 7,200 |  | 114,992 |  |

| Ordinary B shares of £0.01 each

| Final | 500,000 |  | - |  |

507,200 |  | 114,992 |  |

9. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 100,000 |  |

| AMORTISATION

| At 1 January 2025

| and 31 December 2025 | 100,000 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | - |  |

10. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2025 | 3,545 |  | 4,980,695 |  | 53,803 |  | 554,436 |  | 5,592,479 |  |

| Additions | - |  | 1,281,856 |  | 9,997 |  | 294,591 |  | 1,586,444 |  |

| Disposals | - |  | (2,770,499 | ) | (916 | ) | (59,219 | ) | (2,830,634 | ) |

| Impairments | - |  | (160,250 | ) | - |  | - |  | (160,250 | ) |

| At 31 December 2025 | 3,545 |  | 3,331,802 |  | 62,884 |  | 789,808 |  | 4,188,039 |  |

| DEPRECIATION

| At 1 January 2025 | 59 |  | 1,557,780 |  | 39,536 |  | 314,368 |  | 1,911,743 |  |

| Charge for year | 355 |  | 731,843 |  | 5,517 |  | 140,948 |  | 878,663 |  |

| Eliminated on disposal | - |  | (1,247,779 | ) | (412 | ) | (52,380 | ) | (1,300,571 | ) |

| At 31 December 2025 | 414 |  | 1,041,844 |  | 44,641 |  | 402,936 |  | 1,489,835 |  |

| NET BOOK VALUE

| At 31 December 2025 | 3,131 |  | 2,289,958 |  | 18,243 |  | 386,872 |  | 2,698,204 |  |

| At 31 December 2024 | 3,486 |  | 3,422,915 |  | 14,267 |  | 240,068 |  | 3,680,736 |  |

| As at 31 December 2025 assets with a net book value total of £1,462,428 (2024 £2,044,740) were held under hire purchase agreements.

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

11. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 3,079,012 |  | 495,529 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,102,316 |  | 810,020 |  |

| Amounts owed by group undertakings | 429,348 |  | 611,809 |  |

| VAT | 255,532 |  | - |  |

| Prepayments | 63,850 |  | 55,424 |  |

1,851,046 |  | 1,477,253 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 15) | 473,630 |  | 790,585 |  |

| Trade creditors | 2,877,542 |  | 221,563 |  |

| Tax | 291,575 |  | 154,138 |  |

| Social security and other taxes | 27,413 |  | 15,882 |  |

| VAT | - |  | 99,296 |  |

| Other creditors | 4,361 |  | 8,660 |  |

| Directors' current accounts | 2,163 |  | 1,943 |  |

| Accrued expenses | 402,327 |  | 165,906 |  |

4,079,011 |  | 1,457,973 |  |

14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 15) | 685,591 |  | 1,105,337 |  |

15. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 473,630 |  | 790,585 |  |

| Between one and five years | 685,591 |  | 1,105,337 |  |

1,159,221 |  | 1,895,922 |  |

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

16. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 591,033 |  | 647,697 |  |

| Warranty provisions | 355,610 |  | 133,570 |  |

946,643 |  | 781,267 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 647,697 |  |

| Utilised during year | (56,664 | ) |

| Accelerated capital allowances |

| Balance at 31 December 2025 | 591,033 |  |

17. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: |  | Class: |  | Nominal Value: |  |  | 2025 |  | 2024 |

|  | £ |  | £ |

| 40,000 |  | A Ordinary |  | £0.01 |  |  | 400 |  | 400 |

| 60,000 |  | B Ordinary |  | £0.01 |  |  | 600 |  | 600 |

|  | 1,000 |  | 1,000 |

18. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2025 | 3,440,297 |  |

| Profit for the year | 768,714 |  |

| Dividends | (507,200 | ) |

| At 31 December 2025 | 3,701,811 |  |

19. | ULTIMATE PARENT COMPANY

| TJC Plant Holdings Limited (incorporated in England & Wales ) is regarded by the directors as being the company's ultimate parent company.

| Copies of its group financial statements, which include the company, are available from 15 High Street, Brackley, Northamptonshire, NN13 7DH.

20. | SECURITIES AND CHARGES

| HSBC holds a fixed and floating charge over all of the assets, property and undertakings of the company.

| TJC PLANT GROUP LIMITED (REGISTERED NUMBER: 04624864) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

21. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr D J White.

| The ultimate controlling party is Mr D J White.