IRIS Accounts Production v26.1.10.61 SC717684 Board of Directors 31.12.25 1.1.25 31.12.25 31.12.25 Holding company true true false true true false false false true false Ordinary 0 Preference 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC717684 2024-12-31 SC717684 2025-12-31 SC717684 2025-01-01 2025-12-31 SC717684 2023-12-31 SC717684 2024-01-01 2024-12-31 SC717684 2024-12-31 SC717684 ns15:Scotland 2025-01-01 2025-12-31 SC717684 ns14:PoundSterling 2025-01-01 2025-12-31 SC717684 ns10:Director1 2025-01-01 2025-12-31 SC717684 ns10:Consolidated 2025-12-31 SC717684 ns10:ConsolidatedGroupCompanyAccounts 2025-01-01 2025-12-31 SC717684 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC717684 ns10:FRS102 ns10:Consolidated 2025-01-01 2025-12-31 SC717684 ns10:Consolidated ns10:Audited 2025-01-01 2025-12-31 SC717684 ns10:LargeCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 SC717684 ns10:LargeCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC717684 ns10:Consolidated ns10:LargeCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 SC717684 ns10:Consolidated ns10:LargeCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC717684 ns10:FullAccounts 2025-01-01 2025-12-31 SC717684 1 2025-01-01 2025-12-31 SC717684 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 SC717684 ns10:OrdinaryShareClass2 2025-01-01 2025-12-31 SC717684 ns10:Consolidated 2025-01-01 2025-12-31 SC717684 ns10:Director2 2025-01-01 2025-12-31 SC717684 ns10:Director3 2025-01-01 2025-12-31 SC717684 ns10:CompanySecretary1 2025-01-01 2025-12-31 SC717684 ns10:RegisteredOffice 2025-01-01 2025-12-31 SC717684 ns10:Consolidated 2024-01-01 2024-12-31 SC717684 ns5:CurrentFinancialInstruments 2025-12-31 SC717684 ns5:CurrentFinancialInstruments 2024-12-31 SC717684 ns5:Non-currentFinancialInstruments 2025-12-31 SC717684 ns5:Non-currentFinancialInstruments 2024-12-31 SC717684 ns5:ShareCapital 2025-12-31 SC717684 ns5:ShareCapital 2024-12-31 SC717684 ns5:SharePremium 2025-12-31 SC717684 ns5:SharePremium 2024-12-31 SC717684 ns5:ShareCapital 2023-12-31 SC717684 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 SC717684 ns5:SharePremium 2023-12-31 SC717684 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 SC717684 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC717684 ns5:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 SC717684 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 SC717684 ns5:NetGoodwill 2025-01-01 2025-12-31 SC717684 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 SC717684 ns5:ShortLeaseholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 SC717684 ns5:PlantMachinery 2025-01-01 2025-12-31 SC717684 ns5:ComputerEquipment 2025-01-01 2025-12-31 SC717684 ns5:CostValuation ns5:UnlistedNon-exchangeTraded 2024-12-31 SC717684 ns5:UnlistedNon-exchangeTraded 2025-12-31 SC717684 ns5:UnlistedNon-exchangeTraded 2024-12-31 SC717684 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 SC717684 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 SC717684 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-12-31 SC717684 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-12-31 SC717684 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-12-31 SC717684 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-12-31 SC717684 ns10:OrdinaryShareClass1 2025-12-31 SC717684 ns10:OrdinaryShareClass2 2025-12-31 SC717684 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC717684 ns5:SharePremium 2024-12-31

REGISTERED NUMBER: SC717684 (Scotland)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements For The Year Ended 31 December 2025

for

TJH1868 Limited

| TJH1868 Limited (Registered number: SC717684) |

Contents of the Consolidated Financial Statements

For The Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 6 |

| Consolidated Statement of Comprehensive Income | 10 |

| Consolidated Statement of Financial Position | 11 |

| Company Statement of Financial Position | 12 |

| Consolidated Statement of Changes in Equity | 13 |

| Company Statement of Changes in Equity | 14 |

| Consolidated Statement of Cash Flows | 15 |

| Notes to the Consolidated Statement of Cash Flows | 16 |

| Notes to the Consolidated Financial Statements | 17 |

| TJH1868 Limited |

Company Information

For The Year Ended 31 December 2025

| DIRECTORS: | D S Haddow

| R Young

| T Green

| SECRETARY: | C Buttar

| REGISTERED OFFICE: | c/o Thomas Johnstone Limited

| Cartside Avenue

| Inchinnan Business Park

| Inchinnan

| Renfrewshire

| PA4 9RU

| REGISTERED NUMBER: | SC717684 (Scotland)

| INDEPENDENT AUDITORS: | Robb Ferguson

| Chartered Accountants & Statutory Auditors

| Regent Court

| 70 West Regent Street

| Glasgow

| G2 2QZ

| TJH1868 Limited (Registered number: SC717684) |

Group Strategic Report

For The Year Ended 31 December 2025

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

REVIEW OF BUSINESS

2025 has emphasised the challenge of getting projects from the drawing board to site. Several key projects were delayed during the design stages resulting in a slow start to the year. It was difficult to recover the shortfall in sales as the 2nd quarter progressed, and it was not until the 3rd quarter that we began to remedy the sales deficit. It is important to note that the sales we were targeting for Q1 and Q2 did not disappear but were simply "pushed out" into the 3rd and 4th quarters and indeed into 2026. The momentum continued through the remainder of the year leading to Annual sales of £74m. Whilst this was less than we budgeted for, strong performances from our Divisions and our Core business led to us meeting our Operating Profit expectations.

Whilst 2026 looks to have a strong start, we do not intend to rest on our laurels. We are continuing to invest in our people through continuous training and rewarding exceptional performances. We aim to make their place of work an enjoyable experience and encourage a good work-life balance. We provide apprenticeships for trades persons of all ages and sponsor undergraduates training to be professionals in the construction sector.

We are also investing heavily in our Joinery Manufacturing Facility and IT systems. These are key areas of the business and set us apart from our competitors.

Motivating our people is key to delivering the exceptional product we offer. We are focussed on our customers and "what they want", guaranteeing delivery through our highly skilled site and manufacturing teams, ably supported by their "backroom" colleagues.

We continue to negotiate, and risk manage projects which allows us to agree favourable terms with our clients, giving them value for money with realistic risks.

We are an equal opportunities employer, putting equality, diversity and inclusion at the forefront of our company policies. We also encourage our people to be socially responsible by offering salary sacrifice schemes to purchase electric cars as well as forging relationships with the local community through charities and visits to local schools.

Our approach to delivering projects is securing repeat work from existing customers and is also leading us to new ones. Our order book is filling up and this, combined with constant improvement gives the Directors confidence that we will continue to grow the business in 2026.

Rod Young

Joint Managing Director

ON BEHALF OF THE BOARD:

R Young - Director

15 July 2026

| TJH1868 Limited (Registered number: SC717684) |

Report of the Directors

For The Year Ended 31 December 2025

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

DIVIDENDS

Interim dividends per share were paid as follows:

Ordinary £1 shares | £0.859 |  | - 6 January 2025

£0.859 |  | - 7 April 2025

£1.288 |  | - 10 October 2025

£4.294 |

Preference £1 shares | £0.0830 |  | - 7 April 2025

The directors recommend final dividends per share as follows:

Ordinary £1 shares | £1.288 |

Preference £1 shares | NIL |

The total distribution of dividends for the year ended 31 December 2025 will be £ 2,532,291 .

| TJH1868 Limited (Registered number: SC717684) |

Report of the Directors

For The Year Ended 31 December 2025

DIRECTORS

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

D S Haddow

R Young

T Green

STREAMLINED ENERGY AND CARBON REPORTING

Energy and Carbon Report

In accordance with the Companies (Directors Report) and the Energy and Carbon Report Regulations 2018, the company, having met the thresholds of large unquoted company status in the UK, is now required to report their UK energy use and associated GHG emissions relating to electricity, gas and transport fuel.

The requirement also calls for an intensity ratio.

For company reporting purposes the methods adopted in the calculations of the total greenhouse gas emissions incorporate the GHG Protocol Corporate Standard, the 2019 HM Government Environmental Reporting Guidelines, and the 2023 UK Government Conversion Factors.

Information surrounding Business travel and power consumption have been sourced internally from invoices and receipts and converted accordingly to tCO2e utilising UK Government GHG Conversion Factors.

Our adopted intensity metric has been defined as tonnes of CO2e per £1million of Sales Revenue.

The increase in our intensity ratio is due to the reduction in Turnover from 2024 to 2025.

The energy reduction in kWh during 2025 was due to a culmination of the continual contribution made from our solar panels investment, the reduction in usage of propane and the reduced turnover during 2025.

Energy efficient boilers at our Manufacturing facility have also impacted on this.

The shift within our vehicle fleet continues towards electric cars.

| 2025 |  | 2024 |

UK Energy Use |  | kWh |  | 487,926 |  | 636,424 |

Associated Greenhouse Gas Emissions |  | TCO2e |  | 387 |  | 386 |

Intensity Ratio |  | TCO2e per £M Sales Revenue |  | 5.2 |  | 4.5 |

Focus for 2026:

- Continual awareness, briefings, and training of our employees on CO2 reduction measures.

- Review of the use of Diesel within our sites and explore options available with regards a more carbon friendly substitute.

- Continue with our strategy towards an Electric fleet of vehicles.

| TJH1868 Limited (Registered number: SC717684) |

Report of the Directors

For The Year Ended 31 December 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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;

- | state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- | 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

R Young - Director

15 July 2026

Report of the Independent Auditors to the Members of

TJH1868 Limited

Opinion

We have audited the financial statements of TJH1868 Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, 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 group's and of the parent company affairs as at 31 December 2025 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group 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

TJH1868 Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company 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 Statement of Directors' Responsibilities set out on page five, 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

TJH1868 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

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 group and parent company through discussions with directors and other management, and from our wider knowledge and experience;

- 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 group and the parent company, including the Companies Act 2006 and FRS 102;

- 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.

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; and

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

Audit response to risks identified

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

- Performed analytical procedures to identify any unusual or unexpected relationships;

- Tested journal entries to identify unusual transactions;

- Assessed whether judgements and assumptions made in determining the accounting estimates set out were indicative of potential bias; and

- 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; and

- Requesting correspondence with HMRC, Companies House and the group and parent company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

Report of the Independent Auditors to the Members of

TJH1868 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.

Janice Alexander CA (Senior Statutory Auditor)

for and on behalf of Robb Ferguson

Chartered Accountants & Statutory Auditors

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

16 July 2026

| TJH1868 Limited (Registered number: SC717684) |

Consolidated

Statement of Comprehensive

Income

For The Year Ended 31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 74,069,992 |  | 84,383,372 |  |

Cost of sales | 60,813,077 |  | 70,694,177 |  |

GROSS PROFIT | 13,256,915 |  | 13,689,195 |  |

Administrative expenses | 10,715,647 |  | 10,556,875 |  |

2,541,268 |  | 3,132,320 |  |

Other operating income | 124,236 |  | 126,477 |  |

OPERATING PROFIT | 4 | 2,665,504 |  | 3,258,797 |  |

Interest receivable and similar income | 256,303 |  | 338,129 |  |

2,921,807 |  | 3,596,926 |  |

Interest payable and similar expenses | 5 | 34,186 |  | 68,249 |  |

PROFIT BEFORE TAXATION | 2,887,621 |  | 3,528,677 |  |

Tax on profit | 6 | 851,672 |  | (401,317 | ) |

PROFIT FOR THE FINANCIAL YEAR | 2,035,949 |  | 3,929,994 |  |

OTHER COMPREHENSIVE INCOME |

Revaluation of property | - |  | 396,188 |  |

Income tax relating to other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | - |  | 396,188 |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 2,035,949 |  | 4,326,182 |  |

Profit attributable to:

Owners of the parent | 2,035,949 |  | 3,929,994 |  |

Total comprehensive income attributable to:

Owners of the parent | 2,035,949 |  | 4,326,182 |  |

| TJH1868 Limited (Registered number: SC717684) |

Consolidated Statement of Financial Position

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | 246,337 |  | 288,024 |  |

Tangible assets | 10 | 2,395,451 |  | 2,477,723 |  |

Investments | 11 | - |  | - |  |

2,641,788 |  | 2,765,747 |  |

CURRENT ASSETS

Stocks | 12 | 25,424 |  | 38,451 |  |

Debtors | 13 | 11,126,261 |  | 15,483,461 |  |

Cash at bank and in hand | 17,185,850 |  | 8,562,975 |  |

28,337,535 |  | 24,084,887 |  |

CREDITORS

Amounts falling due within one year | 14 | 23,828,647 |  | 18,952,691 |  |

NET CURRENT ASSETS | 4,508,888 |  | 5,132,196 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,150,676 |  | 7,897,943 |  |

CREDITORS

Amounts falling due after more than one year | 15 | - |  | (249,377 | ) |

PROVISIONS FOR LIABILITIES | 19 | (72,666 | ) | (74,214 | ) |

NET ASSETS | 7,078,010 |  | 7,574,352 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 971,429 |  | 971,429 |  |

Share premium | 21 | 25,865 |  | 25,865 |  |

Revaluation reserve | 21 | 366,676 |  | 396,188 |  |

Retained earnings | 21 | 5,714,040 |  | 6,180,870 |  |

SHAREHOLDERS' FUNDS | 7,078,010 |  | 7,574,352 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by:

R Young - Director

| TJH1868 Limited (Registered number: SC717684) |

Company Statement of Financial Position

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | - |  | - |  |

Tangible assets | 10 | - |  | - |  |

Investments | 11 | 5,166,953 |  | 5,166,953 |  |

5,166,953 |  | 5,166,953 |  |

CREDITORS

Amounts falling due within one year | 14 | 4,169,659 |  | 3,920,282 |  |

NET CURRENT LIABILITIES | (4,169,659 | ) | (3,920,282 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 997,294 |  | 1,246,671 |  |

CREDITORS

Amounts falling due after more than one year | 15 | - |  | 249,377 |  |

NET ASSETS | 997,294 |  | 997,294 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 971,429 |  | 971,429 |  |

Share premium | 21 | 25,865 |  | 25,865 |  |

SHAREHOLDERS' FUNDS | 997,294 |  | 997,294 |  |

Company's profit for the financial year | 2,532,291 |  | 1,035,208 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by:

R Young - Director

| TJH1868 Limited (Registered number: SC717684) |

Consolidated Statement of Changes in Equity

For The Year Ended 31 December 2025

| Called up |

| share |  | Retained |  | Share |  | Revaluation |  | Total

| capital |  | earnings |  | premium |  | reserve |  | equity

£ | £ | £ | £ | £ |

Balance at 1 January 2024 | 971,429 |  | 3,286,084 |  | 25,865 |  | - |  | 4,283,378 |  |

Changes in equity

Dividends | - |  | (1,035,208 | ) | - |  | - |  | (1,035,208 | ) |

Total comprehensive income | - |  | 3,929,994 |  | - |  | 396,188 |  | 4,326,182 |  |

Balance at 31 December 2024 | 971,429 |  | 6,180,870 |  | 25,865 |  | 396,188 |  | 7,574,352 |  |

Changes in equity

Dividends | - |  | (2,532,291 | ) | - |  | - |  | (2,532,291 | ) |

Total comprehensive income | - |  | 2,065,461 |  | - |  | (29,512 | ) | 2,035,949 |  |

Balance at 31 December 2025 | 971,429 |  | 5,714,040 |  | 25,865 |  | 366,676 |  | 7,078,010 |  |

| TJH1868 Limited (Registered number: SC717684) |

Company Statement of Changes in Equity

For The Year Ended 31 December 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 January 2024 | 971,429 |  | - |  | 25,865 |  | 997,294 |  |

Changes in equity

Dividends | - |  | (1,035,208 | ) | - |  | (1,035,208 | ) |

Total comprehensive income | - |  | 1,035,208 |  | - |  | 1,035,208 |  |

Balance at 31 December 2024 | 971,429 |  | - |  | 25,865 |  | 997,294 |  |

Changes in equity

Dividends | - |  | (2,532,291 | ) | - |  | (2,532,291 | ) |

Total comprehensive income | - |  | 2,532,291 |  | - |  | 2,532,291 |  |

Balance at 31 December 2025 | 971,429 |  | - |  | 25,865 |  | 997,294 |  |

| TJH1868 Limited (Registered number: SC717684) |

Consolidated Statement of Cash Flows

For The Year Ended 31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 10,522,275 |  | (535,788 | ) |

Interest paid | (34,186 | ) | (68,249 | ) |

Tax paid | 49,169 |  | (2,035,515 | ) |

Net cash from operating activities | 10,537,258 |  | (2,639,552 | ) |

Cash flows from investing activities

Purchase of tangible fixed assets | (55,685 | ) | (28,971 | ) |

Interest received | 256,303 |  | 338,129 |  |

Net cash from investing activities | 200,618 |  | 309,158 |  |

Cash flows from financing activities

Loan repayments in year | (332,710 | ) | (395,333 | ) |

Equity dividends paid | (1,782,291 | ) | (1,035,208 | ) |

Net cash from financing activities | (2,115,001 | ) | (1,430,541 | ) |

Increase/(decrease) in cash and cash equivalents | 8,622,875 |  | (3,760,935 | ) |

Cash and cash equivalents at beginning of year | 2 | 8,562,975 |  | 12,323,910 |  |

Cash and cash equivalents at end of year | 2 | 17,185,850 |  | 8,562,975 |  |

| TJH1868 Limited (Registered number: SC717684) |

Notes to the Consolidated Statement of Cash Flows

For The Year Ended 31 December 2025

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

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 2,887,621 |  | 3,528,677 |  |

| Depreciation charges | 179,644 |  | 195,565 |  |

| Finance costs | 34,186 |  | 68,249 |  |

| Finance income | (256,303 | ) | (338,129 | ) |

2,845,148 |  | 3,454,362 |  |

| Decrease in stocks | 13,027 |  | 818 |  |

| Decrease in trade and other debtors | 4,020,930 |  | 332,834 |  |

| Increase/(decrease) in trade and other creditors | 3,643,170 |  | (4,323,802 | ) |

| Cash generated from operations | 10,522,275 |  | (535,788 | ) |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

| Year ended 31 December 2025

| 31.12.25 |  | 1.1.25

£ | £ |

| Cash and cash equivalents | 17,185,850 |  | 8,562,975 |  |

| Year ended 31 December 2024

| 31.12.24 |  | 1.1.24

£ | £ |

| Cash and cash equivalents | 8,562,975 |  | 12,323,910 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.1.25 | Cash flow | At 31.12.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 8,562,975 |  | 8,622,875 |  | 17,185,850 |  |

8,562,975 |  | 8,622,875 |  | 17,185,850 |  |

| Debt

| Debts falling due within 1 year | (83,333 | ) | 83,333 |  | - |  |

| Debts falling due after 1 year | (249,377 | ) | 249,377 |  | - |  |

(332,710 | ) | 332,710 |  | - |  |

| Total | 8,230,265 |  | 8,955,585 |  | 17,185,850 |  |

| TJH1868 Limited (Registered number: SC717684) |

Notes to the Consolidated Financial Statements

For The Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| TJH1868 Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the General Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The nature of the group's operations and principal activities are set out in the report of the directors.

| 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 as modified by the revaluation of certain assets.

| The significant accounting policies applied in the preparation of the financial statements are set out below. The policies have been consistently applied to all years presented unless otherwise stated.

| Basis of consolidation

| TJH1868 Limited financial statements consolidate the financial statements of the Company and its subsidiary undertakings drawn up to 31 December each year. The results of subsidiaries acquired or sold are consolidated for the periods from or to the date on which control passed.

| Significant judgements and estimates

| In the application of the group's accounting policies the directors and management are required to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the period end date, and the amounts reported for revenues and expenses during the period.

| The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, and in future periods should it affect future periods.

| Management consider that the following have the most significant effect on the amounts recognised in the financial statements:

| - Financial outcome of individual construction contracts - all long-term contracts are reviewed on a monthly basis, with particular attention to contract stage of completion, costs to date and costs still to be incurred. Movement in margin is recognised when prudent to do so but immediately in the event there is a foreseeable loss.

| TJH1868 Limited (Registered number: SC717684) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

| Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

| Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred.

| Where it is probable that contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

| Goodwill

| Goodwill representing the excess of the cost of the acquisition of subsidiary undertakings over the fair value of the assets acquired and other purchased goodwill, is capitalised in the year of acquisition. Goodwill is written off over a period of 10 years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Property and improvements | - | 2.5% on cost

| Fixed plant and equipment | - | 10% on cost

| Computer equipment | - | 25% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value. Costs include materials whilst net realisable value based on the estimated selling price less further costs estimated to be incurred to completion and disposal. Provision is made for obsolete or slow-moving items where appropriate.

| Financial instruments

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 statement of financial position date.

| TJH1868 Limited (Registered number: SC717684) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

| For defined contribution schemes the amount charged to the income statement in respect of pension costs is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the statement of financial position.

| Financial instruments

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

| Loans and borrowings

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Loans and borrowings that are classified as payable or receivable within one year on initial recognition are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

| Investments

| Investments held as fixed assets are stated at cost less provision for any permanent diminution in value.

| Impairment of assets

| Assets, other than those measured at fair value, are assessed for indicators of impairment at each statement of financial position date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 11,770,670 |  | 11,178,188 |  |

| Social security costs | 863,937 |  | 748,545 |  |

| Other pension costs | 629,364 |  | 707,069 |  |

13,263,971 |  | 12,633,802 |  |

| TJH1868 Limited (Registered number: SC717684) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 December 2025

3. | EMPLOYEES AND DIRECTORS - continued

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

| 2025 |  | 2024

| Office and administration | 101 |  | 95 |  |

| Production | 116 |  | 119 |  |

217 |  | 214 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 708,956 |  | 612,834 |  |

| Directors' pension contributions to money purchase schemes | 48,638 |  | 90,000 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 252,979 |  | 207,490 |  |

| Pension contributions to money purchase schemes | 10,000 |  | 30,000 |  |

4. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | 831,961 |  | 1,370,037 |  |

| Operating lease income | (124,236 | ) | (126,477 | ) |

| Depreciation - owned assets | 137,957 |  | 153,878 |  |

| Goodwill amortisation | 41,687 |  | 41,687 |  |

| Auditors' remuneration | 23,900 |  | 22,580 |  |

| Operating lease costs - property | 160,000 |  | 159,295 |  |

| Operating lease costs - other | 463,405 |  | 362,279 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank overdraft & loan interest | 34,186 |  | 68,249 |  |

| TJH1868 Limited (Registered number: SC717684) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 December 2025

6. | TAXATION

| Analysis of the tax charge/(credit)

| The tax charge/(credit) on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 853,220 |  | (369,774 | ) |

| Deferred tax | (1,548 | ) | (31,543 | ) |

| Tax on profit | 851,672 |  | (401,317 | ) |

| UK corporation tax has been charged at 25 % (2024 - 25 %).

| Reconciliation of total tax charge/(credit) included in profit and loss

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

| 2025 |  | 2024

£ | £ |

| Profit before tax | 2,887,621 |  | 3,528,677 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 721,905 |  | 882,169 |  |

| Effects of:

| Adjustments to tax charge in respect of previous periods | 69,317 |  | - |  |

| Timing difference | 15,711 |  | 50,438 |  |

| Deferred tax movement | (1,548 | ) | (31,543 | ) |

| Income & expenses not deductible for tax purposes | 46,287 |  | 51,657 |  |

| Research & development tax relief claims | - |  | (1,354,038 | ) |

| Total tax charge/(credit) | 851,672 |  | (401,317 | ) |

| Tax effects relating to effects of other comprehensive income |

| There were no tax effects for the year ended 31 December 2025.

| 2024 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Revaluation of property | 396,188 |  | - |  | 396,188 |  |

7. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

| As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.

| TJH1868 Limited (Registered number: SC717684) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 December 2025

8. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each

| Final | 750,000 |  | - |  |

| Interim | 1,750,000 |  | 1,000,000 |  |

| Preference shares of £1 each

| Interim | 32,291 |  | 35,208 |  |

2,532,291 |  | 1,035,208 |  |

9. | INTANGIBLE FIXED ASSETS

| Group

| Goodwill

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 416,875 |  |

| AMORTISATION

| At 1 January 2025 | 128,851 |  |

| Amortisation for year | 41,687 |  |

| At 31 December 2025 | 170,538 |  |

| NET BOOK VALUE

| At 31 December 2025 | 246,337 |  |

| At 31 December 2024 | 288,024 |  |

10. | TANGIBLE FIXED ASSETS

| Group

| Property |  | Fixed |

| and |  | plant and |  | Computer |

| improvements |  | equipment |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 January 2025 | 2,240,000 |  | 366,561 |  | 157,596 |  | 2,764,157 |  |

| Additions | - |  | 1,027 |  | 54,658 |  | 55,685 |  |

| At 31 December 2025 | 2,240,000 |  | 367,588 |  | 212,254 |  | 2,819,842 |  |

| DEPRECIATION

| At 1 January 2025 | - |  | 166,656 |  | 119,778 |  | 286,434 |  |

| Charge for year | 56,000 |  | 57,083 |  | 24,874 |  | 137,957 |  |

| At 31 December 2025 | 56,000 |  | 223,739 |  | 144,652 |  | 424,391 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,184,000 |  | 143,849 |  | 67,602 |  | 2,395,451 |  |

| At 31 December 2024 | 2,240,000 |  | 199,905 |  | 37,818 |  | 2,477,723 |  |

| TJH1868 Limited (Registered number: SC717684) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 December 2025

10. | TANGIBLE FIXED ASSETS - continued

| Group

| Cost or valuation at 31 December 2025 is represented by:

| Property |  | Fixed |

| and |  | plant and |  | Computer |

| improvements |  | equipment |  | equipment |  | Totals

£ | £ | £ | £ |

| Valuation in 2014 | 1,500,000 |  | - |  | - |  | 1,500,000 |  |

| Valuation in 2021 | 39,803 |  | - |  | - |  | 39,803 |  |

| Valuation in 2024 | 410,000 |  | - |  | - |  | 410,000 |  |

| Cost | 290,197 |  | 367,588 |  | 212,254 |  | 870,039 |  |

2,240,000 |  | 367,588 |  | 212,254 |  | 2,819,842 |  |

11. | FIXED ASSET INVESTMENTS

| Company

| Unlisted

| investments

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 5,166,953 |  |

| NET BOOK VALUE

| At 31 December 2025 | 5,166,953 |  |

| At 31 December 2024 | 5,166,953 |  |

12. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Raw materials & consumables | 25,424 |  | 38,451 |  |

13. | DEBTORS

| Group |

2025 | 2024 |

£ | £ |

| Amounts falling due within one year: |

| Trade debtors | 6,165,070 |  | 7,823,544 |  |

| Amounts recoverable on contracts | 3,364,889 |  | 4,672,554 |  |

| Tax | - |  | 336,270 |  |

| Other debtors & prepayments | 272,217 |  | 282,581 |  |

9,802,176 |  | 13,114,949 |  |

| TJH1868 Limited (Registered number: SC717684) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 December 2025

13. | DEBTORS - continued

| Group |

2025 | 2024 |

£ | £ |

| Amounts falling due after more than one | year: |

| Trade debtors | 1,324,085 |  | 2,368,512 |  |

| Aggregate amounts | 11,126,261 |  | 15,483,461 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 16) | - |  | 83,333 |  | - |  | 83,333 |  |

| Trade creditors | 5,347,061 |  | 8,113,084 |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | 4,169,659 |  | 3,836,949 |  |

| Tax | 566,119 |  | - |  | - |  | - |  |

| Social security and other taxes | 390,046 |  | 386,513 |  | - |  | - |  |

| VAT | 2,069,507 |  | 767,160 |  | - |  | - |  |

| Proposed dividends | 750,000 |  | - |  | - |  | - |  |

| Other creditors | 14,705,914 |  | 9,602,601 |  | - |  | - |  |

23,828,647 |  | 18,952,691 |  | 4,169,659 |  | 3,920,282 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans (see note 16) | - |  | 249,377 |  | - |  | 249,377 |  |

16. | LOANS

| An analysis of the maturity of loans is given below:

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Amounts falling due within one year or on | demand: |

| Bank loans | - |  | 83,333 |  | - |  | 83,333 |  |

| Amounts falling due between one and two | years: |

| Bank loans | - |  | 83,333 |  | - |  | 83,333 |  |

| Amounts falling due between two and five | years: |

| Bank loans | - |  | 166,044 |  | - |  | 166,044 |  |

| TJH1868 Limited (Registered number: SC717684) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 December 2025

17. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 586,990 |  | 463,405 |  |

| Between one and five years | 854,350 |  | 905,276 |  |

1,441,340 |  | 1,368,681 |  |

18. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 332,710 |  |

| A floating charge over the whole of the assets of the group and a first ranking standard security over the property at Cartside Avenue, Inchinnan is held by the group's bank.

19. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax | 72,666 |  | 74,214 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 74,214 |  |

| Provided during year | (1,548 | ) |

| Balance at 31 December 2025 | 72,666 |  |

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 582,387 | Ordinary | £1 | 582,387 |  | 582,387 |  |

| 389,042 | Preference | £1 | 389,042 |  | 389,042 |  |

971,429 |  | 971,429 |  |

| TJH1868 Limited (Registered number: SC717684) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 December 2025

21. | RESERVES

| Group

| Retained |  | Share |  | Revaluation |

| earnings |  | premium |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 January 2025 | 6,180,870 |  | 25,865 |  | 396,188 |  | 6,602,923 |  |

| Profit for the year | 2,035,949 |  | 2,035,949 |  |

| Dividends | (2,532,291 | ) | (2,532,291 | ) |

| Revaluation reserve release | 29,512 |  | - |  | (29,512 | ) | - |  |

| At 31 December 2025 | 5,714,040 |  | 25,865 |  | 366,676 |  | 6,106,581 |  |

| Company

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 January 2025 | - |  | 25,865 |  | 25,865 |  |

| Profit for the year | 2,532,291 |  | 2,532,291 |  |

| Dividends | (2,532,291 | ) | (2,532,291 | ) |

| At 31 December 2025 | - |  | 25,865 |  | 25,865 |  |

22. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party of the company are the shareholders of TJH1868 Limited.