Company No: 07853293 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	66,263		65,165
Investments	5	62,107		0
		128,370		65,165
Current assets
Debtors	6	2,202,794		871,082
Cash at bank and in hand		( 2,140)		24,349
		2,200,654		895,431
Creditors: amounts falling due within one year	7	( 2,203,531)		( 912,936)
Net current liabilities		(2,877)		(17,505)
Total assets less current liabilities		125,493		47,660
Creditors: amounts falling due after more than one year	8	( 102,539)		( 46,357)
Net assets		22,954		1,303
Capital and reserves
Called-up share capital	9	50		50
Profit and loss account		22,904		1,253
Total shareholder's funds		22,954		1,303

For the financial year ending 31 May 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of TLG Infrastructure Limited (The Labour Group Limited) (registered number: 07853293) were approved and authorised for issue by the Board of Directors on 29 July 2026. They were signed on its behalf by:

J Lynch Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

TLG Infrastructure Limited (The Labour Group Limited) (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of TLG Infrastructure Limited (The Labour Group Limited) is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Reporting period length

The comparative period covers a 18 month accounting period from 1 December 2023 to 31 May 2025, while the current year covers a 12 month period to the year end 31 May 2025. Accordingly, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

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. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided 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 of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

2 - 4 years straight line

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.

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

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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

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

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

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		6

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 June 2025	70,322		70,322
Additions	23,175		23,175
At 31 May 2026	93,497		93,497
Accumulated depreciation
At 01 June 2025	5,157		5,157
Charge for the financial year	22,077		22,077
At 31 May 2026	27,234		27,234
Net book value
At 31 May 2026	66,263		66,263
At 31 May 2025	65,165		65,165

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 June 2025	0		0
Additions	62,107		62,107
At 31 May 2026	62,107		62,107
Carrying value at 31 May 2026	62,107		62,107
Carrying value at 31 May 2025	0		0

6. Debtors

	2026		2025
	£		£
Trade debtors	1,942,474		603,970
Amounts owed by related parties	9,330		0
Deferred tax asset	0		54,164
Corporation tax	0		4,911
Other debtors	250,990		208,037
	2,202,794		871,082

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	1,646,570		632,533
Trade creditors	26,378		45,384
Amounts owed to fellow subsidiaries	5,000		0
Taxation and social security	335,136		161,949
Other creditors	190,447		73,070
	2,203,531		912,936

8. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	102,539		46,357

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
500 Ordinary shares of £ 0.10 each	50		50

10. Ultimate controlling party

Parent Company:

TLG Group Holdings Limited

22 Wycombe End, Beaconsfield, Buckinghamshire, United Kingdom, HP9 1NB