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REGISTERED NUMBER: 07307801 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 October 2025 |

| for |

| Martello Risk Limited |

| Martello Risk Limited (Registered number: 07307801) |

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Martello Risk Limited |

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | C Fithen

| A Yearsley

| J C Murray

| REGISTERED OFFICE: | Rye Island

| Hollands Lane

| Henfield

| BN5 9QY

| REGISTERED NUMBER: | 07307801 (England and Wales)

| ACCOUNTANTS: | A H & Co Ltd

| Chartered Accountants

| 6 Logie Mill

| Edinburgh

| Lothian

| EH7 4HG

| Martello Risk Limited (Registered number: 07307801) |

Balance Sheet

31 October 2025

| 31.10.25 | 31.10.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 58 |  | 86 |  |

58 |  | 86 |  |

CURRENT ASSETS

Debtors | 6 | 42,613 |  | 46,057 |  |

CREDITORS

Amounts falling due within one year | 7 | 101,268 |  | 108,056 |  |

NET CURRENT LIABILITIES | (58,655 | ) | (61,999 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (58,597 | ) | (61,913 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | 116,556 |  | 118,057 |  |

NET LIABILITIES | (175,153 | ) | (179,970 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | (175,253 | ) | (180,070 | ) |

SHAREHOLDERS' FUNDS | (175,153 | ) | (179,970 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

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:

A Yearsley - Director

| Martello Risk Limited (Registered number: 07307801) |

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Martello Risk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The accounts have been prepared on the going concern basis, the acceptability of which is dependent on the continuing support of the directors and creditors.

| Turnover

| Turnover is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover is measured at the fair value of consideration received or receivable and represents the amounts receivable for the service, net of discounts and VAT. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value to date, based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance, the amounts are recorded as deferred income and included as part of the creditor due within one year

| 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.

| Computer software is being amortised evenly over its estimated useful life of 3 years.

| Tangible fixed assets

| Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is

| provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of

| each asset on a straight line basis over its expected useful life, as follows:

| Plant and machinery |  | -33% on reducing balance |  |

| Computer Equipment |  | -33% on cost |  |

| Residual value represents the estimated amount which would currently be obtained from disposal of an asset,after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

| Financial instruments

| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

| Taxation

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

| Martello Risk Limited (Registered number: 07307801) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 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.

| Provisions

| Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimates can be made of the amount of the obligation.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present

| obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

| Exemption from preparing cash flow statement

| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | INTANGIBLE FIXED ASSETS

| Computer

| software

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 5,920 |  |

| AMORTISATION

| At 1 November 2024

| and 31 October 2025 | 5,920 |  |

| NET BOOK VALUE

| At 31 October 2025 | - |  |

| At 31 October 2024 | - |  |

| Martello Risk Limited (Registered number: 07307801) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 November 2024

| and 31 October 2025 | 568 |  | 5,284 |  | 5,852 |  |

| DEPRECIATION

| At 1 November 2024 | 482 |  | 5,284 |  | 5,766 |  |

| Charge for year | 28 |  | - |  | 28 |  |

| At 31 October 2025 | 510 |  | 5,284 |  | 5,794 |  |

| NET BOOK VALUE

| At 31 October 2025 | 58 |  | - |  | 58 |  |

| At 31 October 2024 | 86 |  | - |  | 86 |  |

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Trade debtors | 2,100 |  | 12 |  |

| Other debtors | 40,513 |  | 46,045 |  |

42,613 |  | 46,057 |  |

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Bank loans and overdrafts | 19,057 |  | 18,204 |  |

| Trade creditors | 441 |  | 3,306 |  |

| Taxation and social security | 6,331 |  | 9,173 |  |

| Other creditors | 75,439 |  | 77,373 |  |

101,268 |  | 108,056 |  |

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Other creditors | 116,556 |  | 118,057 |  |

| Other creditors more than one year relates to the investment held by a connected company of Martello Risk Limited.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.10.25 |  | 31.10.24

| value: | £ | £ |

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

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| As at 31st October 2025, the company owed the directors £12,913 (2024: £12,473).

| Martello Risk Limited (Registered number: 07307801) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

11. | RELATED PARTY DISCLOSURES

| Transactions with related parties during the year and balances outstanding at the year end were as follows:

| Related Party |  | Transaction type |  | Transaction in the year ended |  | Balance receivable/ (payable) to related party at 31.10.25 |  | Balance receivable/ (payable) to related party at 31.10.24 |

|  | £ |  | £ |  | £ |

| (1) Related party 1 |  | Loan |  | £2,514 (2024: £2,514) |  | (£48,438) |  | (£45,925) |

|  | Investment |  | Nil (2024: Nil) |  | (£100,000) |  | (£100,000) |

| (2) Related party 2 |  | Consultant Fees |  | £0 (2024: £0) |  | Nil |  | Nil |

| (1) Related party 1 is the parent company of Martello Risk Limited.

| (2) Related party 2 are family members of a director.

12. | ULTIMATE CONTROLLING PARTY

| The controlling party is Berwicks Limited.

| The ultimate controlling party is J C Murray.