IRIS Accounts Production v26.1.10.61 08833004 Board of Directors 31.12.25 1.1.25 31.12.25 31.12.25 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Management consultancy activities other than financial management. true true false true true false false false true false Ordinary 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08833004 2024-12-31 08833004 2025-12-31 08833004 2025-01-01 2025-12-31 08833004 2023-12-31 08833004 2024-01-01 2024-12-31 08833004 2024-12-31 08833004 ns15:EnglandWales 2025-01-01 2025-12-31 08833004 ns14:PoundSterling 2025-01-01 2025-12-31 08833004 ns10:Director1 2025-01-01 2025-12-31 08833004 ns10:Consolidated 2025-12-31 08833004 ns10:ConsolidatedGroupCompanyAccounts 2025-01-01 2025-12-31 08833004 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08833004 ns10:Consolidated ns10:MediumEntities 2025-01-01 2025-12-31 08833004 ns10:Consolidated ns10:Audited 2025-01-01 2025-12-31 08833004 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08833004 ns10:Consolidated 2025-01-01 2025-12-31 08833004 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 08833004 ns10:Medium-sizedCompaniesRegimeForAccounts ns10:Consolidated 2025-01-01 2025-12-31 08833004 ns10:FullAccounts 2025-01-01 2025-12-31 08833004 1 2025-01-01 2025-12-31 08833004 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 08833004 ns10:Director2 2025-01-01 2025-12-31 08833004 ns10:RegisteredOffice 2025-01-01 2025-12-31 08833004 ns10:Consolidated 2024-01-01 2024-12-31 08833004 ns5:CurrentFinancialInstruments 2025-12-31 08833004 ns5:CurrentFinancialInstruments 2024-12-31 08833004 ns5:ShareCapital 2025-12-31 08833004 ns5:ShareCapital 2024-12-31 08833004 ns5:RevaluationReserve 2025-12-31 08833004 ns5:RevaluationReserve 2024-12-31 08833004 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 08833004 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 08833004 ns5:ShareCapital 2023-12-31 08833004 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 08833004 ns5:RevaluationReserve 2023-12-31 08833004 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 08833004 ns5:RevaluationReserve 2024-01-01 2024-12-31 08833004 ns5:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 08833004 ns5:RevaluationReserve 2025-01-01 2025-12-31 08833004 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 08833004 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-01-01 2025-12-31 08833004 ns5:ComputerSoftware 2025-01-01 2025-12-31 08833004 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 08833004 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 08833004 ns5:FurnitureFittings 2025-01-01 2025-12-31 08833004 ns5:MotorVehicles 2025-01-01 2025-12-31 08833004 ns5:LandBuildings 2024-12-31 08833004 ns5:LandBuildings 2025-01-01 2025-12-31 08833004 ns5:LandBuildings 2025-12-31 08833004 ns5:LandBuildings 2024-12-31 08833004 ns5:CostValuation 2024-12-31 08833004 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 08833004 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 08833004 ns5:DeferredTaxation 2024-12-31 08833004 ns5:DeferredTaxation 2025-01-01 2025-12-31 08833004 ns5:DeferredTaxation 2025-12-31 08833004 ns10:OrdinaryShareClass1 2025-12-31

REGISTERED NUMBER: 08833004 (England and Wales)

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| TRIDENT 2020 LIMITED |

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

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 | 5 |

Consolidated Income Statement | 8 |

Consolidated Other Comprehensive Income | 9 |

Consolidated Balance Sheet | 10 |

Company Balance Sheet | 11 |

Consolidated Statement of Changes in Equity | 12 |

Company Statement of Changes in Equity | 13 |

Consolidated Cash Flow Statement | 14 |

Notes to the Consolidated Cash Flow Statement | 15 |

Notes to the Consolidated Financial Statements | 16 |

TRIDENT 2020 LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mrs AE Ippaso

| Mr P Ippaso

| REGISTERED OFFICE: | Unit 5 Gelders Hall Road

| Shepshed

| Leicestershire

| LE12 9NH

| REGISTERED NUMBER: | 08833004 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Mr A Turner FCA FMAAT

| AUDITORS: | Mark J Rees LLP Chartered Accountants

| and Statutory Auditors

| Granville Hall

| Granville Road

| Leicester

| LE1 7RU

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

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.

The principal activity of the company during the year was that of a holding company.

The principal activity of the group is the sale of air compressors, welding equipment, generators and machine tools.

REVIEW OF BUSINESS

The group continues to perform in-line with management's expectations, and the Directors at Trident 2020 are satisfied with the way in which the year was managed.

Despite increasingly challenging trading conditions, the group is on a strong footing and expectations for 2026 remain positive.

During 2025 Administrative expenses have been high due to high energy prices and spiralling labour costs as well as continued investment in the business in order to retain skilled people, develop new products, introduce improved models in current ranges, win new customers, develop new trading channels and invest in IT, internet and enhanced customer facing technology.

The Directors continually monitor the Group's performance internally and externally and consider the level of turnover, gross profit and overheads for the year satisfactory in the given circumstances.

Our commitment is to continue to provide our customers with a varied stock range, high standard of customer service and high level of stock availability and continue to invest in the development of Group's employees, in purchasing stock, warehouse, marketing and business systems and expectation of improved turnover, profit and efficiencies in future years.

SIP Group continues to show a very strong balance sheet; the business is not carrying any undesirable debt and continues with an investment strategy for the future.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the group's strategies are subject to several risks. The key ones continue, as they have been for the last few years, to be competition, currency exchange rates and the threat of recession.

FINANCIAL KEY PERFORMANCE INDICATORS

| 2025 |  | 2024 |  | 2023 |  |

Turnover |  | £17.2m |  | £17.1m |  | £17.2m |  |

Profit/(Loss) after tax |  | £1,429k |  | £717k |  | £613k |  |

Given the nature of the business, the directors are of the opinion that the analysis using KPI's, other than turnover and profit referred to above, are not necessary for an understanding of the development, performance and position of the group.

ON BEHALF OF THE BOARD:

Mr P Ippaso - Director

9 July 2026

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

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

An interim dividend of 21.59p per share was paid on 31 May 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 December 2025 will be £ 108,000 .

DIRECTORS

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

Mrs AE Ippaso

Mr P Ippaso

RESULTS

The profit for the year, after taxation, amounted to £1,429,398 (2024: £716,843).

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;

- | 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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

AUDITORS

The auditors, Mark J Rees LLP Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr P Ippaso - Director

9 July 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

TRIDENT 2020 LIMITED

Opinion

We have audited the financial statements of Trident 2020 Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the 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

TRIDENT 2020 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 three, 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.

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.

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

We have determined that the principal risk areas where material irregularities could occur were related to posting manual journal entries to manipulate financial performance, revenue recognition, significant one-off or unusual transaction and going concern.

Our audit procedures were designed to respond in particular to these identified risks (including non compliance with laws and regulations and fraud).

Our audit procedures included but were not limited to:

- A review of a sample of sales using the sales list reports in the year to ensure these were correctly recorded in revenue and detailed cut off testing around the year end to ensure revenue is correctly recognised.

- A review of laws and regulations the company is subject to and discussion with management to ensure no instances of non compliance within the year.

- Addressing the risks of fraud through management override of controls by performing journal entry testing.

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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

TRIDENT 2020 LIMITED

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.

Mr A Turner FCA FMAAT (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP Chartered Accountants

and Statutory Auditors

Granville Hall

Granville Road

Leicester

LE1 7RU

28 July 2026

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

CONSOLIDATED INCOME STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 17,240,579 |  | 17,139,256 |  |

Cost of sales | 10,267,521 |  | 10,890,357 |  |

GROSS PROFIT | 6,973,058 |  | 6,248,899 |  |

Administrative expenses | 5,264,392 |  | 5,473,860 |  |

OPERATING PROFIT | 5 | 1,708,666 |  | 775,039 |  |

Interest receivable and similar income | 36,373 |  | 29,459 |  |

PROFIT BEFORE TAXATION | 1,745,039 |  | 804,498 |  |

Tax on profit | 6 | 315,641 |  | 87,655 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,429,398 |  | 716,843 |  |

Profit attributable to:

Owners of the parent | 1,429,398 |  | 716,843 |  |

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

CONSOLIDATED OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 1,429,398 |  | 716,843 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,429,398 |  | 716,843 |  |

Total comprehensive income attributable to:

Owners of the parent | 1,429,398 |  | 716,843 |  |

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

CONSOLIDATED BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | 6,253 |  | 7,898 |  |

Tangible assets | 10 | 2,291,883 |  | 2,371,883 |  |

Investments | 11 | - |  | - |  |

2,298,136 |  | 2,379,781 |  |

CURRENT ASSETS

Stocks | 12 | 4,680,312 |  | 5,474,181 |  |

Debtors | 13 | 4,393,426 |  | 4,466,012 |  |

Cash at bank and in hand | 3,712,670 |  | 1,277,463 |  |

12,786,408 |  | 11,217,656 |  |

CREDITORS

Amounts falling due within one year | 14 | 4,285,207 |  | 4,103,548 |  |

NET CURRENT ASSETS | 8,501,201 |  | 7,114,108 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 10,799,337 |  | 9,493,889 |  |

PROVISIONS FOR LIABILITIES | 16 | 120,716 |  | 136,666 |  |

NET ASSETS | 10,678,621 |  | 9,357,223 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 5,001 |  | 5,001 |  |

Revaluation reserve | 18 | 2,130,450 |  | 2,130,450 |  |

Retained earnings | 18 | 8,543,170 |  | 7,221,772 |  |

SHAREHOLDERS' FUNDS | 10,678,621 |  | 9,357,223 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by:

Mr P Ippaso - Director

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

COMPANY BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | - |  | - |  |

Tangible assets | 10 | 2,231,997 |  | 2,276,664 |  |

Investments | 11 | 4,879,796 |  | 4,879,796 |  |

7,111,793 |  | 7,156,460 |  |

CURRENT ASSETS

Debtors | 13 | 302,246 |  | 116,762 |  |

Cash at bank | 15,783 |  | 19,120 |  |

318,029 |  | 135,882 |  |

CREDITORS

Amounts falling due within one year | 14 | 121,740 |  | 537,749 |  |

NET CURRENT ASSETS/(LIABILITIES) | 196,289 |  | (401,867 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,308,082 |  | 6,754,593 |  |

PROVISIONS FOR LIABILITIES | 16 | 115,645 |  | 126,811 |  |

NET ASSETS | 7,192,437 |  | 6,627,782 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 5,001 |  | 5,001 |  |

Revaluation reserve | 4,125,046 |  | 4,125,046 |  |

Retained earnings | 3,062,390 |  | 2,497,735 |  |

SHAREHOLDERS' FUNDS | 7,192,437 |  | 6,627,782 |  |

Company's profit for the financial year | 672,655 |  | 348,402 |  |

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by:

Mr P Ippaso - Director

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

| Called up |

| share |  | Retained |  | Revaluation |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 January 2024 | 5,001 |  | 6,612,929 |  | 2,130,450 |  | 8,748,380 |  |

Changes in equity

Dividends | - |  | (108,000 | ) | - |  | (108,000 | ) |

Total comprehensive income | - |  | 716,843 |  | - |  | 716,843 |  |

Balance at 31 December 2024 | 5,001 |  | 7,221,772 |  | 2,130,450 |  | 9,357,223 |  |

Changes in equity

Dividends | - |  | (108,000 | ) | - |  | (108,000 | ) |

Total comprehensive income | - |  | 1,429,398 |  | - |  | 1,429,398 |  |

Balance at 31 December 2025 | 5,001 |  | 8,543,170 |  | 2,130,450 |  | 10,678,621 |  |

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

| Called up |

| share |  | Retained |  | Revaluation |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 January 2024 | 5,001 |  | 2,257,333 |  | 4,125,046 |  | 6,387,380 |  |

Changes in equity

Dividends | - |  | (108,000 | ) | - |  | (108,000 | ) |

Total comprehensive income | - |  | 348,402 |  | - |  | 348,402 |  |

Balance at 31 December 2024 | 5,001 |  | 2,497,735 |  | 4,125,046 |  | 6,627,782 |  |

Changes in equity

Dividends | - |  | (108,000 | ) | - |  | (108,000 | ) |

Total comprehensive income | - |  | 672,655 |  | - |  | 672,655 |  |

Balance at 31 December 2025 | 5,001 |  | 3,062,390 |  | 4,125,046 |  | 7,192,437 |  |

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 2,731,045 |  | (554,727 | ) |

Tax paid | (65,668 | ) | (131,968 | ) |

Net cash from operating activities | 2,665,377 |  | (686,695 | ) |

Cash flows from investing activities

Purchase of intangible fixed assets | (2,394 | ) | - |  |

Purchase of tangible fixed assets | (10,685 | ) | (3,581 | ) |

Interest received | 36,373 |  | 29,459 |  |

Net cash from investing activities | 23,294 |  | 25,878 |  |

Cash flows from financing activities

Amount withdrawn by directors | (145,464 | ) | (45,319 | ) |

Equity dividends paid | (108,000 | ) | (108,000 | ) |

Net cash from financing activities | (253,464 | ) | (153,319 | ) |

Increase/(decrease) in cash and cash equivalents | 2,435,207 |  | (814,136 | ) |

Cash and cash equivalents at beginning of year | 2 | 1,277,463 |  | 2,091,599 |  |

Cash and cash equivalents at end of year | 2 | 3,712,670 |  | 1,277,463 |  |

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

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

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 1,745,039 |  | 804,498 |  |

| Depreciation charges | 94,724 |  | 101,476 |  |

| Finance income | (36,373 | ) | (29,459 | ) |

1,803,390 |  | 876,515 |  |

| Decrease/(increase) in stocks | 793,869 |  | (1,455,309 | ) |

| Decrease in trade and other debtors | 12,179 |  | 548,312 |  |

| Increase/(decrease) in trade and other creditors | 121,607 |  | (524,245 | ) |

| Cash generated from operations | 2,731,045 |  | (554,727 | ) |

2. | CASH AND CASH EQUIVALENTS

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

| Year ended 31 December 2025

| 31.12.25 |  | 1.1.25

£ | £ |

| Cash and cash equivalents | 3,712,670 |  | 1,277,463 |  |

| Year ended 31 December 2024

| 31.12.24 |  | 1.1.24

£ | £ |

| Cash and cash equivalents | 1,277,463 |  | 2,091,599 |  |

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 | 1,277,463 |  | 2,435,207 |  | 3,712,670 |  |

1,277,463 |  | 2,435,207 |  | 3,712,670 |  |

| Total | 1,277,463 |  | 2,435,207 |  | 3,712,670 |  |

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Trident 2020 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 General 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.

| Basis of consolidation

| The consolidated financial statements present the results of the company and its own subsidiaries ('the group') as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

| The consolidated financial statements incorporate the results of business combinations using the purchase method. In the balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the consolidated profit and loss account from the date on which control is obtained. They are deconsolidated from the date control ceases.

| Related party exemption

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

| Significant judgements and estimates

| There were no areas in which the preparation of the financial statements required to make significant judgements or estimates.

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the group and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

| Sale of goods

| Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

| - the group has transferred the significant risks and rewards of ownership to the buyer;

| - the group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

| - the amount of turnover can be measured reliably;

| - it is probable that the group will receive the consideration due under the transaction; and

| - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| 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.

| Patents and licences are being amortised evenly over their estimated useful life of ten years.

| Computer software is being amortised evenly over its estimated useful life of four years.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Long leasehold | - | 25% on cost

| Fixtures and fittings | - | 25% on cost

| Motor vehicles | - | 25% on cost

| Stocks

| Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

| At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the consolidated profit and loss account.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

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 balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

| At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

| Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account.

| 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.

| Going concern

| The financial statements show the group had net current assets of £8,501,201 and net assets of £10,678,621 at the balance sheet date.

| The directors have considered the going concern position, and are satisfied that the group will continue to trade for a period of at least 12 months from the date of signing these accounts. The financial forecasts prepared by the directors show that the group will be able to comfortably operate within the facilities available.

| On that basis, the directors have prepared these financial statements on a going concern basis.

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

3. | TURNOVER

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

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

| 2025 |  | 2024

£ | £ |

| United Kingdom | 14,921,156 |  | 15,020,399 |  |

| Europe | 2,238,171 |  | 2,052,233 |  |

| Rest of the World | 81,252 |  | 66,624 |  |

17,240,579 |  | 17,139,256 |  |

| The whole of the turnover is attributable to the sale of air compressors, welding equipment, generators and machine tools.

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 3,177,169 |  | 3,141,313 |  |

| Social security costs | 412,109 |  | 336,149 |  |

| Other pension costs | 328,356 |  | 176,214 |  |

3,917,634 |  | 3,653,676 |  |

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

| 2025 |  | 2024

| Administration | 43 |  | 41 |  |

| Distribution | 14 |  | 14 |  |

| Sales | 20 |  | 19 |  |

77 |  | 74 |  |

| The average number of employees by undertakings that were proportionately consolidated during the year was 77 (2024 - 74 ) .

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 162,956 |  | 218,924 |  |

| Directors' pension contributions to money purchase schemes | 236,000 |  | 91,500 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 2 |  | 2 |  |

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Other operating leases | 93,836 |  | 94,183 |  |

| Depreciation - owned assets | 90,685 |  | 97,885 |  |

| Computer software amortisation | 4,039 |  | 3,590 |  |

| Auditors remuneration | 17,112 |  | 23,546 |  |

6. | 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 | 372,793 |  | 174,337 |  |

| Prior year

| UK corporation tax | (41,202 | ) | (68,905 | ) |

| Total current tax | 331,591 |  | 105,432 |  |

| Deferred taxation | (15,950 | ) | (17,777 | ) |

| Tax on profit | 315,641 |  | 87,655 |  |

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

| Reconciliation of total tax charge included in profit and loss

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

| 2025 |  | 2024

£ | £ |

| Profit before tax | 1,745,039 |  | 804,498 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 436,260 |  | 201,125 |  |

| Effects of:

| Expenses not deductible for tax purposes | 2,684 |  | 5,989 |  |

| Depreciation in excess of capital allowances | 2,380 |  | 4,245 |  |

| Adjustments to tax charge in respect of previous periods | (41,202 | ) | (68,905 | ) |

| Foreign Tax Rate | (84,481 | ) | (54,799 | ) |

| Total tax charge | 315,641 |  | 87,655 |  |

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | PARENT COMPANY PROFIT FOR THE YEAR

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

8. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £0.01 each

| Interim | 108,000 |  | 108,000 |  |

9. | INTANGIBLE FIXED ASSETS

| Group

| Patents |

| and |  | Computer |

| Goodwill |  | licences |  | software |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 15,075 |  | 1,616,238 |  | 14,360 |  | 1,645,673 |  |

| Additions | - |  | - |  | 2,394 |  | 2,394 |  |

| At 31 December 2025 | 15,075 |  | 1,616,238 |  | 16,754 |  | 1,648,067 |  |

| AMORTISATION

| At 1 January 2025 | 15,075 |  | 1,616,238 |  | 6,462 |  | 1,637,775 |  |

| Amortisation for year | - |  | - |  | 4,039 |  | 4,039 |  |

| At 31 December 2025 | 15,075 |  | 1,616,238 |  | 10,501 |  | 1,641,814 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | - |  | 6,253 |  | 6,253 |  |

| At 31 December 2024 | - |  | - |  | 7,898 |  | 7,898 |  |

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

10. | TANGIBLE FIXED ASSETS

| Group

| Fixtures |

| Freehold |  | Long |  | and |  | Motor |

| property |  | leasehold |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2025 | 2,500,000 |  | 55,824 |  | 517,634 |  | 8,125 |  | 3,081,583 |  |

| Additions | - |  | - |  | 10,685 |  | - |  | 10,685 |  |

| At 31 December 2025 | 2,500,000 |  | 55,824 |  | 528,319 |  | 8,125 |  | 3,092,268 |  |

| DEPRECIATION

| At 1 January 2025 | 223,336 |  | 23,910 |  | 454,329 |  | 8,125 |  | 709,700 |  |

| Charge for year | 44,667 |  | 13,956 |  | 32,062 |  | - |  | 90,685 |  |

| At 31 December 2025 | 268,003 |  | 37,866 |  | 486,391 |  | 8,125 |  | 800,385 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,231,997 |  | 17,958 |  | 41,928 |  | - |  | 2,291,883 |  |

| At 31 December 2024 | 2,276,664 |  | 31,914 |  | 63,305 |  | - |  | 2,371,883 |  |

| Included in cost of land and buildings is freehold land of £266,637 (2024 - £266,637) which is not depreciated.

| Company

| Freehold

| property

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 2,500,000 |  |

| DEPRECIATION

| At 1 January 2025 | 223,336 |  |

| Charge for year | 44,667 |  |

| At 31 December 2025 | 268,003 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,231,997 |  |

| At 31 December 2024 | 2,276,664 |  |

| Included in cost of land and buildings is freehold land of £ 266,637 (2024 - £ 266,637 ) which is not depreciated.

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

11. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 4,879,796 |  |

| NET BOOK VALUE

| At 31 December 2025 | 4,879,796 |  |

| At 31 December 2024 | 4,879,796 |  |

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiaries

| S.I.P. (Industrial Products) Limited

| Registered office: Gelders Hall Road, Shepshed, Loughborough, Leicestershire, LE12 9NH

| Nature of business: Wholesale of other machinery and equipment.

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| S.I.P. (Machinery Europe) Limited

| Registered office: First Floor Block One, Quayside Business Park, Dundalk, Louth, A91DP8R, Ireland

| Nature of business: Wholesale of other machinery and equipment.

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

12. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Stocks | 4,680,312 |  | 5,474,181 |  |

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade debtors | 4,132,193 |  | 4,164,641 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 194,303 |  | - |  |

| Other debtors | 53,837 |  | 51,809 |  | - |  | - |  |

| Directors' current accounts | 111,835 |  | 107,938 |  | 107,938 |  | 107,938 |  |

| Taxation | - |  | 64,304 |  | - |  | 8,819 |  |

| VAT | - |  | - |  | 5 |  | 5 |  |

| Prepayments | 95,561 |  | 77,320 |  | - |  | - |  |

4,393,426 |  | 4,466,012 |  | 302,246 |  | 116,762 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade creditors | 2,455,514 |  | 2,489,815 |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | - |  | 421,202 |  |

| Taxation | 374,480 |  | 172,861 |  | 121,652 |  | 116,514 |  |

| Paye/Ni payable | 87,381 |  | 85,627 |  | 88 |  | 33 |  |

| VAT | 357,336 |  | 362,047 |  | - |  | - |  |

| Directors' current accounts | - |  | 141,567 |  | - |  | - |  |

| Accruals and deferred income | 1,010,496 |  | 851,631 |  | - |  | - |  |

4,285,207 |  | 4,103,548 |  | 121,740 |  | 537,749 |  |

15. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 82,678 |  | 306,569 |  |

| Between one and five years | 123,512 |  | 189,483 |  |

206,190 |  | 496,052 |  |

16. | PROVISIONS FOR LIABILITIES

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Deferred tax

| Accelerated capital allowances | 120,716 |  | 136,666 |  | 115,645 |  | 126,811 |  |

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

16. | PROVISIONS FOR LIABILITIES - continued

| Group

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 136,666 |  |

| Credit to Income Statement during year | (15,950 | ) |

| Balance at 31 December 2025 | 120,716 |  |

| Company

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 126,811 |  |

| Credit to Income Statement during year | (11,166 | ) |

| Balance at 31 December 2025 | 115,645 |  |

17. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 500,100 | Ordinary | £0.01 | 5,001 |  | 5,001 |  |

| Voting rights - Shares rank equally for voting purposes. On a show of hands each member shall have one vote and on a poll each member shall have one vote per share held. Dividend rights - Each share ranks equally for any dividend declared. Distribution rights on a winding up - Each share ranks equally for any distribution made on a winding up. Redeemable shares - The shares are not redeemable.

18. | RESERVES

| Revaluation Reserve

| Revaluation reserve represents the premium associated with the issue of shares for the acquisition of S.I.P. (Industrial Products) Limited.

| Retained earnings

| The retained earnings represents all current and prior periods retained profits and losses after the payment of dividends.

19. | PENSION COMMITMENTS

| The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £319,491 (2024: £176,214).

TRIDENT 2020 LIMITED (REGISTERED NUMBER: 08833004)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

20. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025 | 2024 |

£ | £ |

| Mrs AE Ippaso

| Balance outstanding at start of year | (141,567 | ) | (186,886 | ) |

| Amounts advanced | 145,464 |  | 45,319 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 3,897 |  | (141,567 | ) |

| Mr P Ippaso

| Balance outstanding at start of year | 107,938 |  | 107,938 |  |

| Amounts advanced | 108,000 |  | 108,000 |  |

| Amounts repaid | (108,000 | ) | (108,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 107,938 |  | 107,938 |  |

| The loans are interest free and repayable on demand.

| The directors consider there to be no key management personnel, other than the directors, who have authority and responsibility for planning, directing and controlling the activities of the company.

21. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr P Ippaso.