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REGISTERED NUMBER: 11731706 (England and Wales)

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JANUARY 2026 |

| FOR |

| HEXA GROUP HOLDINGS LIMITED |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

| Page |

Company Information | 1 |

Group Strategic Report | 2 |  | to |  | 7

Report of the Directors | 8 |  | to |  | 9

Report of the Independent Auditors | 10 |  | to |  | 13

Consolidated Income Statement | 14 |

Consolidated Other Comprehensive Income | 15 |

Consolidated Statement of Financial Position | 16 |

Company Statement of Financial Position | 17 |

Consolidated Statement of Changes in Equity | 18 |

Company Statement of Changes in Equity | 19 |

Consolidated Statement of Cash Flows | 20 |

Notes to the Consolidated Statement of Cash Flows | 21 |

Notes to the Consolidated Financial Statements | 22 |  | to |  | 43

HEXA GROUP HOLDINGS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2026

| DIRECTORS: | Mr N W Caley

| Mr A Grey

| Mr G Evans

| Mr S Dann

| Mr A G Wood

| Mr C M Mabey

| REGISTERED OFFICE: | First Floor North

| 40 Oxford Road

| High Wycombe

| Buckinghamshire

| HP11 2EE

| REGISTERED NUMBER: | 11731706 (England and Wales)

| AUDITORS: | Seymour Taylor Limited, Statutory Auditor

| First Floor North

| 40 Oxford Road

| High Wycombe

| Buckinghamshire

| HP11 2EE

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

The directors present their strategic report of the company and the group for the year ended 31 January 2026.

The purpose of this report is to provide information to the members of the Company and help them to assess how the directors have performed their duties under s.172 of the Companies Act 2006 in promoting the success of the Group.

The directors have performed their duties under s.172 regarding their responsibility to the members of the company and wider stakeholder interests.

The principal activities of the Group are the manufacture, supply and installation of "Optima" partitioning systems and the design and construction of specialist structural glazing solutions.

Optima have manufacturing facilities in the UK and Malaysia and over 30 years' experience in the glass partitioning industry. We pride ourselves on offering exceptional service and beautifully designed glass partitions and doors which exude quality in every region we operate in. We are wholly dedicated to helping our clients create effective and innovative workspaces in some of the world's most iconic buildings. We are proud to be the premier partitioning company and we work hard to uphold this reputation directly and amongst our global partners.

Thanks to our work on some of the UK's most impressive structures, the name OAG has become synonymous with stunning architectural glass. We are passionate about delivering striking solutions that leave a lasting impression on anyone who sees them. To do this we build strong partnerships with our clients, providing our knowledge and experience from the earliest stages of design right through to completion. When you work with OAG, our experts will become part of your team, filling your project with energy, bringing your vision to life, and giving it a distinctive edge.

GROUP STRUCTURE

The Group has been trading continuously since 1986 and has many long-serving employees, particularly in executive and senior management roles.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

GROUP STRUCTURE (continued)

Optima Investments Limited is a wholly-owned subsidiary of Hexa Group Holdings Limited.

Optima Contracting Limited is a wholly-owned subsidiary of Optima Investments Limited. Its principal activities are those of the group. Optima Contracting Limited is the parent company of a number of subsidiary companies, which are as follows:

Optima Installations Limited is a wholly-owned subsidiary. Its principal activity is the provision of skilled labour to the construction industry.

Optima Products Limited is a wholly-owned subsidiary. Its principal activity is the development, manufacture and distribution of 'Optima' partitioning systems through an international network of group companies and authorised dealers.

OAG Limited is a wholly-owned subsidiary. Its principal activity is the design and construction of specialist architectural glazing solutions.

The company owns 100% of the issued Ordinary AED1 shares of Optima Systems International DMCC, which is incorporated in a Free Zone within Dubai. Its principal activity is interior design consultancy.

Optima Partitions LLC, which is incorporated in Dubai, is a wholly-owned subsidiary of Optima Systems International DMCC and its principal activity is the installation of 'Optima' partitioning systems in the Middle East region.

Optima Partitions Contracting LLC, which is incorporated in Saudi Arabia, is a wholly-owned subsidiary of Optima Systems International DMCC and its principal activity is the installation of 'Optima' partitioning systems in the Kingdom of Saudi Arabia.

Optima Partitions LLC Egypt, which is incorporated in Egypt, is a wholly-owned subsidiary of Optima Systems International DMCC and its principal activity is the installation of 'Optima' partitioning systems in Egypt.

Optima Systems International DMCC owns 76% of the issued Ordinary AED1 shares of Jalapeno Trading LLC, which is incorporated in Dubai. Its principal activity is the sale and installation of office seating, storage and soft furnishings, principally as a Herman Miller Authorised Dealer Partner.

Optima Products Asia SDN BHD, which is incorporated in Malaysia, is a wholly-owned subsidiary of Optima Products Limited and its principal activity is the manufacture and distribution of 'Optima' partitioning systems in Asia and Oceania through an international network of group companies and authorised dealers.

PurOptima Inc, which is incorporated in Delaware USA, is a wholly owned subsidiary of Optima Products Limited and its principal activity is the sale and distribution of 'Optima' partitioning systems in the USA through a network of authorised dealers.

Curtsons (Radstock) Limited and HLS Installations Limited are wholly-owned subsidiaries of Optima Contracting Limited which are dormant.

Curtis Steel Limited, Optima Glass Installations Limited, Optima Partitioning Systems Limited, and PurOptima Limited are wholly-owned subsidiaries of Optima Products Limited which are dormant.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

REVIEW OF BUSINESS

The results for the period and financial position of the business are as shown in the annexed financial statements.

Key Performance Indicators

The Group operates several Key Performance Indicators (KPI) to monitor and control the business which are measured and reviewed by the management on a regular basis. The KPI include but are not limited to:

| 31 January 2026 |  | 31 January 2025 |

Turnover |  |  | £108.2m |  | £91.7m |

Gross profit % |  |  | 33.7% |  | 33.9% |

Operating profit |  |  | £7.6m |  | £5.6m |

Debtors |  |  | £18m |  | £17m |

Cash at bank and in hand |  |  | £19.5m |  | £16.4m |

All work in progress is monitored and reviewed monthly to ensure the successful progress of each contract.

Review of the Business

Following the turmoil caused by the financial failure of the ISG Group in 2024, we saw a welcome return to more stable market conditions during the year, with total revenue exceeding £100m for the first time in the Group's history. This combined with the maintenance of average margins and tight control over administrative expenses has produced a very good overall result for the year.

Our robust balance sheet, supported by strong liquidity, enables the business to progress new initiatives without delay and manage any future market volatility. Additionally, with no external sources of finance the business is not directly impacted by any fluctuations in interest rates.

Future Strategy

We started 2026 with a strong order book and encouraging prospects for the year ahead.

Optima's investment in new markets, product innovation and the continuous improvement of our manufacturing operations remains central to our strategy. We are committed to enhancing productivity, quality and operational efficiency through ongoing investment in people, technology and process improvement. Our vertically integrated approach, combining design, engineering and manufacturing expertise, provides a strong platform to support future growth whilst maintaining the high standards of quality, service and delivery expected by our clients.

Over recent years we have invested significant resource into developing the North American market for our Optima branded partitioning systems. Through PurOptima Inc, we continue to expand our network of dealers and project delivery partners, increase engagement with leading architects, designers and end users, and strengthen our position in one of the world's largest commercial interiors markets. The successful completion of several major projects has enhanced market awareness of the Optima brand, while a growing pipeline of opportunities provides confidence in the long-term growth potential of the business. This expansion represents a significant strategic opportunity and supports our ambition to establish Optima as a recognised global specification brand.

Our structural glazing business, OAG, remains focused on external envelope projects incorporating off-site prefabricated façade solutions, which support medium-term growth. Further opportunities are arising from the upgrade and refurbishment of existing buildings, driven by evolving environmental regulations, increasing energy performance requirements and the growing focus on reducing the carbon impact of construction projects. Our recognised expertise in this sector places us in a strong position to respond to these market drivers. In parallel, investment in our design and engineering capability has continued, including the establishment of a new OAG Iberia design office in Spain, and further expansion of the team at our satellite office in Croatia. These developments enhance capacity, strengthen our preconstruction and project delivery capability, and provide a solid foundation for future growth.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

The recent conflict in the Middle East has created some uncertainty amongst clients and has resulted in a temporary slowing of local revenue streams. We continue to monitor market conditions closely, and carefully manage movements in the cost of essential construction materials, with volatility linked to global events expected to remain a factor throughout the year ahead.

Our presence within the fire screen market continues to strengthen, supported by dedicated teams with specialist compliance, technical and project delivery expertise. Ongoing investment in product development across our glazing systems is focused on enhancing acoustic performance, fire resistance, sustainability and design flexibility, ensuring our solutions continue to meet the evolving needs of clients and specifiers.

Sustainability remains a key driver of growth across our markets. Our global Optima product portfolio is differentiated through the use of low embodied carbon aluminium profiles containing a minimum of 75% post-consumer recycled content and delivering an embodied carbon value of less than 1.9kg CO2 per kilogram of aluminium, supported by independently verified environmental data. Combined with the inherent adaptability and reusability of our demountable partitioning systems, this helps clients reduce waste, lower whole-life carbon and support increasingly demanding environmental targets. As sustainability reporting and carbon reduction requirements continue to gain importance across the construction sector, we believe these credentials provide a significant competitive advantage and position the Group strongly for the longer-term.

Looking ahead, the Group remains focused on delivering sustainable growth through international market expansion, continued investment in manufacturing excellence, product innovation and operational efficiency. With established positions in the UK, Asia, Oceania, Europe and the Middle East, alongside the continued development of the North American market, the Board believes the Group is well positioned to capitalise on long-term opportunities arising from workplace transformation, building refurbishment and the increasing demand for high-performance, sustainable construction solutions.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

PRINCIPAL RISKS AND UNCERTAINTIES

Key Risk Factors

In line with our internal control policy and procedures, key risk factors are reviewed frequently and detailed analysis undertaken where there is a requirement to do so. Mitigating controls or plans are implemented where necessary and during the year ended 31 January 2026 and no significant risks materialised within the business.

Credit Risk

Group credit policy requires that suitable credit checks be carried out on all potential customers before quotations are submitted and again before an order is accepted to ensure that appropriate payment terms are negotiated. Group exposure to individual organisations is regularly monitored and reviewed to ensure that an acceptable level of risk is maintained.

Foreign Currency Risk

The Group has some exposure to foreign currency risk on its purchase of materials denominated in foreign currencies, principally Euros, and through its overseas subsidiaries which operate using Emirati Dirhams, Saudi Riyals, US Dollars and Malaysian Ringgit. This risk is mitigated through a detailed review of our intercompany balances and forecasts to maximise the use of local currencies held in our bank accounts. The Group does not hedge against any future transactions.

Cyber Security Risk

As our business, suppliers and customers become increasingly digitalised, we are inherently exposed to the risk that third parties may seek to disrupt our business. A cyber event may cause significant reputational and financial loss. We have mitigated this risk by creating a secure and robust IT environment with systems that are Cyber Essentials Plus certified and partnering with a third-party security operation centre to proactively monitor and respond to emerging cyber security threats.

Health, Safety, and Quality

We are wholly committed to ensuring the health, safety, and welfare of all our employees and recognise our responsibility towards other people who may be affected by our activities. As part of our commitment, we are proud to have received the RoSPA gold medal, in their prestigious health and safety awards programme, which demonstrates continuous high standards for more than ten years.

Our offices operate an Integrated Management System (IMS) that is independently certified to ISO 45001, 9001 and 14001; for Health and Safety, Quality and Environmental management respectively. We undertake an annual process of identifying the internal and external issues affecting the business; understanding the needs and expectations of our interested parties; and assessing our significant environmental impacts and operational hazards. This informs the process of setting business-aligned objectives; measuring performance; and developing and implementing actions to address opportunities for continual systematic improvement.

Environment & Sustainability

Reducing the environmental impact of our products and business activities is essential to reduce the physical and financial risk to our operations, consequently this is key to our operational agenda. This includes minimising material waste and seeking alternative products with reduced environmental impact.

As part of the Optima Group of companies in the UK, we have developed our own NZC Strategy and set SBTi-validated near-term science-based reduction targets of 42% for Scope 1 and 2 emissions. With a further commitment to measure and reduce Scope 3 emissions. We are undertaking actions to measure, report to recognised standards and minimise greenhouse gas emissions throughout the business and operations.

Responsible sourcing of materials is essential, and we give preference to product and material suppliers certified to ISO 14001. Additionally, we have a Sustainable Procurement Policy and a Supplier Code of Conduct to enhance partnerships with our supply chain. Furthermore, all timber procured is FSC certified to ensure that it is sourced from responsibly managed forests.

We actively promote the circular economy for our products by offering a take-back & re-use service to reclaim usable materials and divert waste from landfill by seeking opportunities for reuse or recycling.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

The Optima Group recognises the importance of strong Corporate Social Responsibility to meet the needs of our clients and the communities we operate in. Using the United Nations Sustainable Development Goals and recognised social value frameworks as guidance, Optima's CSR committee of internal stakeholders undertake extra-curricular, fundraising, volunteering, wellbeing and awareness initiatives with the support of our staff. Optima reports progress towards CSR objectives and promotes the activities it supports annually.

CULTURE AND EMPLOYEES

Diversity and Inclusion

We are committed to promoting equal employment opportunities and both job applicants and employees will receive equal treatment regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, sex or sexual orientation (protected characteristics). This includes opportunities for training to upskill employees and provide pathways for career development. We will make any appropriate reasonable adjustments necessary to support and retain our employees.

We are proud to benefit from having a diverse workforce across all of our businesses and we provide opportunities for training and advancement for all.

Our Employee Handbook contains up to date policies including equal opportunities, anti-harassment & bullying, whistleblowing, flexible working and training & development. Awareness training has been rolled out across the Group to support the Employee Handbook and to ensure understanding of key issues. Compulsory training includes the topics of modern slavery, whistleblowing and HR compliance (anti-bribery, equality and diversity, bullying and harassment, wellbeing).

Communication and Engagement

We provide an open environment for employees to engage with the business through employee briefings, regular team meetings, individual appraisals, one-to-one meetings and regular communication from the Board on business performance and direction. We conducted an employee engagement survey and have implemented some changes as a direct result of feedback from employees (e.g. an improved appraisal process, additional annual leave for long serving employees and more social activities).

STREAMLINED ENERGY AND CARBON REPORTING

Disclosure in respect of greenhouse gas emissions, energy consumption and energy efficiency has not been included within this report as the company does not exceed the thresholds to disclose.

ON BEHALF OF THE BOARD:

Mr N W Caley - Director

31 July 2026

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 JANUARY 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 January 2026.

DIVIDENDS

The total distribution of dividends for the year ended 31 January 2026 will be £3,014,614.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report, unless otherwise stated.

Mr N W Caley

Mr A Grey

Mr G Evans

Mr S Dann

Mr C M Mabey

Mr A G Wood

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.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 JANUARY 2026

AUDITORS

The auditors, Seymour Taylor Limited, will be re-appointed in accordance with section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

Mr N W Caley - Director

31 July 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HEXA GROUP HOLDINGS LIMITED

Opinion

We have audited the financial statements of Hexa Group Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2026 which comprise the Consolidated Income Statement, Consolidated Other 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 January 2026 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HEXA GROUP HOLDINGS LIMITED

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.

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 eight, 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

HEXA GROUP HOLDINGS 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:

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance including the design of the Group's remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;

- results of our enquiries of management about their own identification and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the Group's documentation of their policies and procedures relating to: - identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; - detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; - the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

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

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Group's ability to operate.

Audit response to risks identified

As a result of performing the above, our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management and external legal advisors concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- reading minutes of meetings of those charged with governance;

- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HEXA GROUP HOLDINGS LIMITED

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

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.

Timothy Fulker BSc FCA (Senior Statutory Auditor)

for and on behalf of Seymour Taylor Limited, Statutory Auditor

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

31 July 2026

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

CONSOLIDATED INCOME STATEMENT

FOR THE YEAR ENDED 31 JANUARY 2026

| 2026 |  | 2025

| Notes | £ | £ |

TURNOVER | 3 | 108,128,919 |  | 91,748,445 |  |

Cost of sales | 71,700,977 |  | 60,677,293 |  |

GROSS PROFIT | 36,427,942 |  | 31,071,152 |  |

Administrative expenses | 29,495,794 |  | 25,276,947 |  |

6,932,148 |  | 5,794,205 |  |

Other operating income | 4 | 35,885 |  | 32,953 |  |

OPERATING PROFIT | 7 | 6,968,033 |  | 5,827,158 |  |

Exceptional items | 8 | - |  | 862,868 |  |

6,968,033 |  | 4,964,290 |  |

Interest receivable and similar income | 521,492 |  | 511,603 |  |

7,489,525 |  | 5,475,893 |  |

Interest payable and similar expenses | 9 | 1,471 |  | (16,054 | ) |

PROFIT BEFORE TAXATION | 7,488,054 |  | 5,491,947 |  |

Tax on profit | 10 | 2,489,767 |  | 1,675,930 |  |

PROFIT FOR THE FINANCIAL YEAR | 4,998,287 |  | 3,816,017 |  |

Profit attributable to:

Owners of the parent | 4,783,354 |  | 3,568,167 |  |

Non-controlling interests | 214,933 |  | 247,850 |  |

4,998,287 |  | 3,816,017 |  |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

CONSOLIDATED OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 JANUARY 2026

| 2026 |  | 2025

| Notes | £ | £ |

PROFIT FOR THE YEAR | 4,998,287 |  | 3,816,017 |  |

OTHER COMPREHENSIVE INCOME |

Unrealised (loss)/gain on exchange | (152,722 | ) | 170,299 |  |

Actuarial loss on pension scheme | (289,000 | ) | (324,000 | ) |

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

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | (441,722 | ) | (153,701 | ) |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 4,556,565 |  | 3,662,316 |  |

Total comprehensive income attributable to:

Owners of the parent | 4,408,542 |  | 3,398,110 |  |

Non-controlling interests | 148,023 |  | 264,206 |  |

4,556,565 |  | 3,662,316 |  |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

31 JANUARY 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 13 | 3,530,463 |  | 4,207,669 |  |

Tangible assets | 14 | 5,228,649 |  | 5,535,493 |  |

Investments | 15 | 30,391 |  | 45,587 |  |

8,789,503 |  | 9,788,749 |  |

CURRENT ASSETS

Stocks | 16 | 10,120,636 |  | 9,919,079 |  |

Debtors | 17 | 18,108,044 |  | 16,910,789 |  |

Cash at bank and in hand | 19,591,790 |  | 16,410,532 |  |

47,820,470 |  | 43,240,400 |  |

CREDITORS

Amounts falling due within one year | 18 | 22,510,498 |  | 20,298,832 |  |

NET CURRENT ASSETS | 25,309,972 |  | 22,941,568 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 34,099,475 |  | 32,730,317 |  |

CREDITORS

Amounts falling due after more than one year | 19 | (156,245 | ) | (162,654 | ) |

PROVISIONS FOR LIABILITIES | 21 | (335,485 | ) | (336,563 | ) |

NET ASSETS | 33,607,745 |  | 32,231,100 |  |

CAPITAL AND RESERVES

Called up share capital | 22 | 14,807,843 |  | 14,807,843 |  |

Retained earnings | 23 | 18,218,143 |  | 16,891,125 |  |

SHAREHOLDERS' FUNDS | 33,025,986 |  | 31,698,968 |  |

NON-CONTROLLING INTERESTS | 24 | 581,759 |  | 532,132 |  |

TOTAL EQUITY | 33,607,745 |  | 32,231,100 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr N W Caley - Director

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

COMPANY STATEMENT OF FINANCIAL POSITION

31 JANUARY 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 13 | - |  | - |  |

Tangible assets | 14 | - |  | - |  |

Investments | 15 | 29,607,843 |  | 29,607,843 |  |

29,607,843 |  | 29,607,843 |  |

CURRENT ASSETS

Debtors | 17 | 61,263 |  | 20,919 |  |

Cash at bank | 10,179 |  | 15,354 |  |

71,442 |  | 36,273 |  |

CREDITORS

Amounts falling due within one year | 18 | 211,462 |  | 182,169 |  |

NET CURRENT LIABILITIES | (140,020 | ) | (145,896 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 29,467,823 |  | 29,461,947 |  |

CAPITAL AND RESERVES

Called up share capital | 22 | 14,807,843 |  | 14,807,843 |  |

Retained earnings | 23 | 14,659,980 |  | 14,654,104 |  |

SHAREHOLDERS' FUNDS | 29,467,823 |  | 29,461,947 |  |

Company's profit for the financial year | 3,020,490 |  | 549,929 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr N W Caley - Director

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2026

| Called up |

| share |  | Retained |  | Non-controlling |  | Total

| capital |  | earnings |  | Total |  | interests |  | equity

£ | £ | £ | £ | £ |

Balance at 1 February 2024 | 14,807,843 |  | 14,062,062 |  | 28,869,905 |  | 564,116 |  | 29,434,021 |  |

Changes in equity

Dividends | - |  | (552,314 | ) | (552,314 | ) | (68,900 | ) | (621,214 | ) |

Total comprehensive income | - |  | 3,414,466 |  | 3,414,466 |  | 264,206 |  | 3,678,672 |  |

Acquisition of non-controlling

interest | - |  | (33,089 | ) | (33,089 | ) | (227,290 | ) | (260,379 | ) |

Balance at 31 January 2025 | 14,807,843 |  | 16,891,125 |  | 31,698,968 |  | 532,132 |  | 32,231,100 |  |

Changes in equity

Dividends | - |  | (3,014,614 | ) | (3,014,614 | ) | (98,396 | ) | (3,113,010 | ) |

Total comprehensive income | - |  | 4,341,632 |  | 4,341,632 |  | 148,023 |  | 4,489,655 |  |

Balance at 31 January 2026 | 14,807,843 |  | 18,218,143 |  | 33,025,986 |  | 581,759 |  | 33,607,745 |  |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2026

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 February 2024 | 14,807,843 |  | 14,656,489 |  | 29,464,332 |  |

Changes in equity

Dividends | - |  | (552,314 | ) | (552,314 | ) |

Total comprehensive income | - |  | 549,929 |  | 549,929 |  |

Balance at 31 January 2025 | 14,807,843 |  | 14,654,104 |  | 29,461,947 |  |

Changes in equity

Dividends | - |  | (3,014,614 | ) | (3,014,614 | ) |

Total comprehensive income | - |  | 3,020,490 |  | 3,020,490 |  |

Balance at 31 January 2026 | 14,807,843 |  | 14,659,980 |  | 29,467,823 |  |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JANUARY 2026

| 2026 |  | 2025

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 9,547,151 |  | 4,410,700 |  |

Interest paid | (40,471 | ) | (7,946 | ) |

Finance costs paid | 39,000 |  | 24,000 |  |

Tax paid | (2,827,428 | ) | (1,646,807 | ) |

Net cash from operating activities | 6,718,252 |  | 2,779,947 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (773,042 | ) | (834,898 | ) |

Sale of tangible fixed assets | 48,296 |  | 7,894 |  |

Acquisition of non-controlling interest | - |  | (260,379 | ) |

Interest received | 521,492 |  | 511,603 |  |

Net cash from investing activities | (203,254 | ) | (575,780 | ) |

Cash flows from financing activities

Equity dividends paid | (3,113,010 | ) | (621,214 | ) |

Net cash from financing activities | (3,113,010 | ) | (621,214 | ) |

Increase in cash and cash equivalents | 3,401,988 |  | 1,582,953 |  |

Cash and cash equivalents at beginning of year | 2 | 16,410,532 |  | 14,796,680 |  |

Effect of foreign exchange rate changes | (220,730 | ) | 30,899 |  |

Cash and cash equivalents at end of year | 2 | 19,591,790 |  | 16,410,532 |  |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JANUARY 2026

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

| 2026 |  | 2025

£ | £ |

| Profit before taxation | 7,488,054 |  | 5,491,947 |  |

| Depreciation charges | 1,016,527 |  | 1,005,007 |  |

| Loss on disposal of fixed assets | 458 |  | 12,694 |  |

| Amortisation | 677,206 |  | 677,206 |  |

| Amounts written off investments | 15,196 |  | 15,196 |  |

| Payments to company pension plan | (250,000 | ) | (300,000 | ) |

| Discount on payments under pension | (39,000 | ) | (24,000 | ) |

| Provision for future losses | 14,625 |  | (1,437,541 | ) |

| Finance costs | 1,471 |  | (16,054 | ) |

| Finance income | (521,492 | ) | (511,603 | ) |

8,403,045 |  | 4,912,852 |  |

| Increase in stocks | (201,557 | ) | (528,095 | ) |

| Increase in trade and other debtors | (1,366,607 | ) | (1,385,233 | ) |

| Increase in trade and other creditors | 2,712,270 |  | 1,411,176 |  |

| Cash generated from operations | 9,547,151 |  | 4,410,700 |  |

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 January 2026

| 31.1.26 |  | 1.2.25

£ | £ |

| Cash and cash equivalents | 19,591,790 |  | 16,410,532 |  |

| Year ended 31 January 2025

| 31.1.25 |  | 1.2.24

£ | £ |

| Cash and cash equivalents | 16,410,532 |  | 14,796,680 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.2.25 | Cash flow | At 31.1.26

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 16,410,532 |  | 3,181,258 |  | 19,591,790 |  |

16,410,532 |  | 3,181,258 |  | 19,591,790 |  |

| Total | 16,410,532 |  | 3,181,258 |  | 19,591,790 |  |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1. | STATUTORY INFORMATION

| Hexa Group Holdings Limited is a company limited by shares and incorporated in England and Wales. The Registered Office is First Floor North, 40 Oxford Road, High Wycombe, Buckinghamshire, HP11 2EE. The principal place of business is Courtyard House, West End Road, High Wycombe, Buckinghamshire, HP11 2QB.

| The company is the ultimate parent company of the Optima Group and provides management services to the Group. The principal activities of the Group are the manufacture, supply and installation of "Optima" partitioning systems and the design and construction of specialist structural glazing solutions.

| The presentation currency of these financial statements is sterling (£), being the currency of the primary economic environment in which the company operates, its functional currency. All amounts in the financial statements have been rounded to the nearest £1 unless otherwise stated.

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis and in accordance with applicable accounting standards. The financial statements have been prepared on a going concern basis.

| Basis of consolidation

| The consolidated financial statements incorporate the financial statements of the company and of its subsidiary undertakings as at the balance sheet date. The results of subsidiaries acquired or disposed of during the year are included from, or up to, the date of acquisition or disposal.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

2. | ACCOUNTING POLICIES - continued

| Significant judgements and estimates

| The preparation of the financial statements requires management to make estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the disclosure of contingent liabilities at the date of the financial statements. If in the future such estimates and assumptions, which are based on management's best judgement at the date of the financial statements, deviate from the actual circumstances, the original estimates and assumptions will be modified as appropriate in the year in which the circumstances change.

| Turnover and margin recognition

| The group's turnover and margin recognition policies are central to how the group values the work it has carried out each year.

| These policies require forecasts to be made of the outcomes of construction and service contracts, which require assessments and judgements to be made on contract programmes; changes in the scope of work; and changes in costs

| Management bases its judgements of costs and turnover and its assessment of the expected outcome of each contract on the latest available information. This information includes detailed contract valuations and forecasts of the costs to complete. The estimates of the contract positions and the profit or loss earned to date are updated regularly and significant changes are highlighted through established internal review procedures. The impact of any change in the accounting estimates is then reflected in the financial statements.

| Stock provisioning

| Stocks are carried at the lower of cost and net realisable value. Management review stock lines for evidence of impairment and make due allowance in respect of items identified as being obsolete or slow moving items.

| Depreciation of tangible fixed assets

| Depreciation is provided in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Management reassess the depreciation methods, useful lives and residual values where there is an indication of a significant change in the pattern by which the group expects to consume an asset's future economic benefits.

| Amortisation of goodwill

| Reviewing the carrying value of goodwill requires judgements, principally in respect of the future cashflows from the cash-generating units to which the goodwill relates.

| Management reassess the amortisation methods, useful lives and residual values where there is an indication of a significant change in the pattern by which the group expects to derive future economic benefits.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is measured at the fair value of the consideration receivable for goods and services provided, net of trade discounts and value added tax.

| Turnover from construction and service activities

| Turnover from construction and service activities represents the value of work carried out during the year, including amounts not invoiced.

| Where the outcome of individual contracts can be estimated reliably, turnover and costs are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to agreements with the customer.

| Where the outcome of the contracts cannot be reliably estimated, turnover is recognised only to the extent of the contract costs recognised that it is probable will be recoverable.

| No margin is recognised until the outcome of the contact can be estimated with reasonable certainty.

| Provision is made for all known or expected losses on individual contracts once such losses are foreseen.

| Turnover in respect of variations to contracts is recognised when it is probable it will be agreed by the customer.

| Turnover from the sale of goods

| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of businesses during 2019 is being amortised evenly over its estimated useful life of 12 years.

| Negative goodwill arising on the acquisition of an interest in a business is fully amortised during the year of acquisition.

| The directors have reviewed the valuation of goodwill and consider the appropriate amortisation to be as disclosed above.

| Intangible fixed assets

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

| Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

| Trademarks and patents |  | - straight line - 10% and 20% |  |

| Debentures |  | - straight line - 10% |  |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Certain items of tangible fixed assets that had been revalued to fair value on or prior to the date of transition to FRS 102, are measured on the basis of deemed cost, being the revalued amount at the date of that revaluation.

| Where parts of an item of tangible fixed assets have different useful lives, they are accounted for as separate items of tangible fixed assets, for example land is treated separately from buildings.

| Management assess at each reporting date whether tangible fixed assets are impaired.

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:

| Freehold property |  | - straight line - 2% |  |

| Refurbishments of freehold property |  | - straight line - 10%, 11% and 20% |  |

| Plant and machinery |  | - straight line - 10%, 20% and 25% |  |

| - reducing balance - 25% |  |

| Fixtures and fittings |  | - reducing balance - 25% |  |

| Motor vehicles |  | - straight line - 20%, 25% and 50% |  |

| Freehold land is not depreciated

| Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since the last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Work in progress

| Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

| Long-term contract balances are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as turnover in respect of long-term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

2. | ACCOUNTING POLICIES - continued

| Taxation

| Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the income statement except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

| Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

| Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. The following timing differences are not provided for: differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met; and differences relating to investments in subsidiaries to the extent that it is not probable that they will reverse in the foreseeable future and the reporting entity is able to control the reversal of the timing difference. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

| Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted.

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

| Foreign currencies

| Transactions denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Monetary assets and liabilities at the year end denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the year end date. Exchange differences are taken into account in arriving at the operating profit.

| The results of overseas subsidiaries have been translated at the average exchange rate for the year. The statements of financial position of overseas subsidiaries have been translated at year end exchange rates. The resulting exchange differences, including the exchange differences on revaluation of the opening statements of financial position, are reported as other comprehensive income.

| Pension costs

| The group operates defined contribution pension schemes and a combined defined contribution and defined benefit pension scheme. The assets of the schemes are held separately from those of the group.

| The contributions payable in respect of the defined contribution pension schemes are charged to the group profit and loss account.

| In respect of the combined scheme, the defined benefit section of the scheme closed to new members on 31 December 2003 and defined benefits are no longer accruing.

| A liability for the company's obligations under the plan is recognised net of plan assets. The net change in the net defined benefit liability is recognised as the cost of the defined benefit plan during the period. Pension plan assets are measured at fair value and the defined benefit obligation is measured on an actuarial basis. Actuarial valuations are obtained at least triennially and are updated at each balance sheet date.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

2. | ACCOUNTING POLICIES - continued

| Financial instruments issued by the company

| Financial instruments issued by the company are treated as equity only to the extent that they meet the following two conditions:

| (a) they include no contractual obligations upon the company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the company; and

| (b) where the instrument will or may be settled in the company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the company's own equity instruments or is a derivative that will be settled by the company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments.

| To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

2. | ACCOUNTING POLICIES - continued

| Basic financial instruments

| Trade and other debtors and creditors

| Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

| Construction contract debtors

| Construction contract debtors represent the gross unbilled amount for contract work performed to date. They are measured at cost plus profit recognised to date less a provision for foreseeable losses and less progress billings. Variations are included in contract revenue when they are reliably measurable and it is probable that the customer will approve the variation itself and the revenue arising from the variation. Claims are included in contract revenue only when they are reliably measurable and negotiations have reached an advanced stage such that it is probable that the customer will accept the claim. Cost includes all expenditure related directly to specific projects and an allocation of fixed and variable overheads incurred in the group's contract activities based on normal operating capacity.

| Construction contract debtors are presented as part of debtors in the statement of financial position. If payments received from customers exceed the income recognised, then the difference is presented as accruals and deferred income in the statement of financial position.

| Interest-bearing borrowings classified as basic financial instruments

| Interest-bearing borrowings are recognised initially at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost using the effective interest method, less any impairment losses.

| Investments in subsidiaries

| Investments in subsidiaries are carried at cost less impairment.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's and group's cash management are included as a component of cash and cash equivalents for the purpose only of the cash flow statement.

| Provisions

| Provisions are recognised when the company has a legal or constructive obligation at the statement of financial position date as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and the amount can be reliably estimated. Provisions are recognised as a liability in the statement of financial position and the relevant amount included as an expense in the income statement.

| Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision or contingency is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in the profit or loss account in the period it arises.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

3. | TURNOVER

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

| An analysis of turnover by class of business is given below:

| 2026 |  | 2025

£ | £ |

| Sale of goods | 3,958,985 |  | 6,640,137 |  |

| Construction contracts | 104,169,934 |  | 85,108,308 |  |

108,128,919 |  | 91,748,445 |  |

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

| 2026 |  | 2025

£ | £ |

| United Kingdom | 91,033,949 |  | 73,256,839 |  |

| Overseas | 17,094,970 |  | 18,491,606 |  |

108,128,919 |  | 91,748,445 |  |

| The total amount due from customers relating to construction contracts included within note 17 at the year ended 31 January 2026 is £15,308,912 (2025: £15,274,427).

| The total amount due to customers relating to construction contracts included within note 18 at the year ended 31 January 2026 is £9,047,595 (2025: £7,832,196).

4. | OTHER OPERATING INCOME

| 2026 |  | 2025

£ | £ |

| Rents received | 32,069 |  | 30,000 |  |

| Other operating income | 3,816 |  | 2,953 |  |

35,885 |  | 32,953 |  |

5. | EMPLOYEES AND DIRECTORS

| 2026 |  | 2025

£ | £ |

| Wages and salaries | 28,007,829 |  | 24,728,390 |  |

| Social security costs | 3,546,990 |  | 2,681,227 |  |

| Other pension costs | 388,327 |  | 358,091 |  |

31,943,146 |  | 27,767,708 |  |

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

| 2026 |  | 2025

| Administrative staff | 217 |  | 198 |  |

| Site management and production staff | 335 |  | 274 |  |

552 |  | 472 |  |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

6. | DIRECTORS' EMOLUMENTS

|  | 2026 |  |  | 2025 |  |

|  | £ |  |  | £ |  |

| Directors' remuneration |  | 1,564,835 |  |  | 1,462,288 |  |

| Directors' pension contributions to money purchase schemes |  | 21,804 |  |  | 16,205 |  |

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

| Money purchase schemes |  | 5 |  |  | 5 |  |

| Information regarding the highest paid director is as follows:

|  | 2026 |  |  | 2025 |  |

|  | £ |  |  | £ |  |

| Emoluments etc |  | 394,446 |  |  | 353,419 |  |

7. | OPERATING PROFIT

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

|  | 2026 |  |  | 2025 |  |

|  | £ |  |  | £ |  |

| Depreciation - owned assets |  | 1,016,527 |  |  | 1,005,007 |  |

| Loss on disposal of fixed assets |  | 458 |  |  | 12,694 |  |

| Goodwill amortisation |  | 671,356 |  |  | 671,356 |  |

| Debenture amortisation |  | 5,850 |  |  | 5,850 |  |

| Auditors' remuneration |  | 18,000 |  |  | 16,100 |  |

| Other services provided by company's auditor |  | 215,585 |  |  | 210,880 |  |

| Foreign exchange differences |  | 152,834 |  |  | (164,708 | ) |

| Other operating leases |  | 780,127 |  |  | 606,226 |  |

| Services provided by the company's auditor

| During the year the group obtained the following services from the company's auditor:

|  | 2026 |  |  | 2025 |  |

|  | £ |  |  | £ |  |

| The audit of the parent company and consolidated financial statements |  | 18,000 |  |  | 16,100 |  |

| The audit of the company's subsidiaries pursuant to legislation |  | 153,925 |  |  | 131,875 |  |

| Taxation services |  | 30,680 |  |  | 27,015 |  |

| Other services |  | 22,680 |  |  | 43,225 |  |

| The audit of related pension schemes |  | 8,300 |  |  | 8,765 |  |

|  | 233,585 |  |  | 226,980 |  |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

8. | EXCEPTIONAL ITEMS

| In the prior year, the group wrote off trade receivables amounting to £862,868, which were recognised as an exceptional expense in the Income Statement.

| This write-off related to several customers who entered into insolvency and despite extensive efforts to recover the outstanding balances and mitigate the company's exposure prior to their insolvency, the directors assessed the amount as irrecoverable.

| Much of the write-off related to the high-profile failure of the ISG Group where the company's exposure was contained by the support of clients keen to ensure an early return to site, commitment to completion programmes, and the issue of essential warranties and performance certificates.

| The bad debt write-off has been presented separately as an exceptional expense due to its material value and non-recurring nature, which would otherwise distort the underlying performance in the prior year.

| There were no exceptional items recognised in the current

9. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2026 |  | 2025

£ | £ |

| Bank interest | 34,126 |  | 4,428 |  |

| Other interest payable | 6,345 |  | 3,518 |  |

| Discount on payments under

| pension recovery plan | (39,000 | ) | (24,000 | ) |

1,471 |  | (16,054 | ) |

10. | TAXATION

| Analysis of the tax charge

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

| 2026 |  | 2025

£ | £ |

| Current tax:

| UK corporation tax | 2,487,868 |  | 1,740,450 |  |

| Over/under provision in prior year | 3,215 |  | (26,944 | ) |

| Overseas taxation | 14,387 |  | 8,911 |  |

| Total current tax | 2,505,470 |  | 1,722,417 |  |

| Deferred tax | (15,703 | ) | (46,487 | ) |

| Tax on profit | 2,489,767 |  | 1,675,930 |  |

| UK corporation tax has been charged at 25 % (2025 - 25 %).

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

10. | TAXATION - continued

| Reconciliation of total tax charge 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:

| 2026 |  | 2025

£ | £ |

| Profit before tax | 7,488,054 |  | 5,491,947 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2025 - 25 %) | 1,872,014 |  | 1,372,987 |  |

| Effects of:

| Expenses not deductible for tax purposes | 323,011 |  | 305,796 |  |

| Depreciation in excess of capital allowances | 64,805 |  | 36,979 |  |

| Adjustments to tax charge in respect of previous periods | 3,215 |  | (26,944 | ) |

| Adjustments in respect of overseas tax rates | 289,351 |  | 62,112 |  |

| Change in tax rates | (129 | ) | - |  |

| Pension contributions paid | (62,500 | ) | (75,000 | ) |

| Total tax charge | 2,489,767 |  | 1,675,930 |  |

| Tax effects relating to effects of other comprehensive income |

| 2026 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Unrealised (loss)/gain on exchange | (152,722 | ) | - |  | (152,722 | ) |

| Actuarial loss on pension scheme | (289,000 | ) | - |  | (289,000 | ) |

(441,722 | ) | - |  | (441,722 | ) |

| 2025 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Unrealised (loss)/gain on exchange | 170,299 |  | - |  | 170,299 |  |

| Actuarial loss on pension scheme | (324,000 | ) | - |  | (324,000 | ) |

(153,701 | ) | - |  | (153,701 | ) |

| Factors that may affect future tax charge

| The corporation tax main rate remains at 25%, with the small profits rate at 19%.

| Deferred tax balances have been recognised at the rate at which it is expected that the future benefit will be received.

| A balance of £124,594 is expected to reverse as a result of temporary timing difference in respect of decelerated capital allowances when using the future main rate of corporation tax of 25%.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

11. | INDIVIDUAL INCOME STATEMENT

| 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.

12. | DIVIDENDS

| 2026 |  | 2025

£ | £ |

| Ordinary shares of £1 each

| Interim | 3,014,614 |  | 552,314 |  |

13. | INTANGIBLE FIXED ASSETS

| Group

| Trademarks |

| and |

| Goodwill |  | patents |  | Debenture |  | Totals

£ | £ | £ | £ |

| COST

| At 1 February 2025

| and 31 January 2026 | 8,056,266 |  | 25,050 |  | 58,500 |  | 8,139,816 |  |

| AMORTISATION

| At 1 February 2025 | 3,860,297 |  | 25,050 |  | 46,800 |  | 3,932,147 |  |

| Amortisation for year | 671,356 |  | - |  | 5,850 |  | 677,206 |  |

| At 31 January 2026 | 4,531,653 |  | 25,050 |  | 52,650 |  | 4,609,353 |  |

| NET BOOK VALUE

| At 31 January 2026 | 3,524,613 |  | - |  | 5,850 |  | 3,530,463 |  |

| At 31 January 2025 | 4,195,969 |  | - |  | 11,700 |  | 4,207,669 |  |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

14. | TANGIBLE FIXED ASSETS

| Group

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 February 2025 | 7,822,701 |  | 56,775 |  | 5,794,107 |  |

| Additions | 8,149 |  | 197,476 |  | 240,439 |  |

| Disposals | - |  | - |  | (58,201 | ) |

| Exchange differences | - |  | (2,538 | ) | (41,679 | ) |

| At 31 January 2026 | 7,830,850 |  | 251,713 |  | 5,934,666 |  |

| DEPRECIATION

| At 1 February 2025 | 4,127,818 |  | 79,663 |  | 4,522,382 |  |

| Charge for year | 246,843 |  | 90,221 |  | 426,405 |  |

| Eliminated on disposal | - |  | - |  | (14,708 | ) |

| Exchange differences | - |  | (2,538 | ) | (38,049 | ) |

| At 31 January 2026 | 4,374,661 |  | 167,346 |  | 4,896,030 |  |

| NET BOOK VALUE

| At 31 January 2026 | 3,456,189 |  | 84,367 |  | 1,038,636 |  |

| At 31 January 2025 | 3,694,883 |  | (22,888 | ) | 1,271,725 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 February 2025 | 1,502,234 |  | 229,522 |  | 15,405,339 |  |

| Additions | 187,600 |  | 139,378 |  | 773,042 |  |

| Disposals | (28,412 | ) | (27,500 | ) | (114,113 | ) |

| Exchange differences | (29,776 | ) | (5,161 | ) | (79,154 | ) |

| At 31 January 2026 | 1,631,646 |  | 336,239 |  | 15,985,114 |  |

| DEPRECIATION

| At 1 February 2025 | 970,962 |  | 169,021 |  | 9,869,846 |  |

| Charge for year | 196,306 |  | 56,752 |  | 1,016,527 |  |

| Eliminated on disposal | (23,151 | ) | (27,500 | ) | (65,359 | ) |

| Exchange differences | (19,608 | ) | (4,354 | ) | (64,549 | ) |

| At 31 January 2026 | 1,124,509 |  | 193,919 |  | 10,756,465 |  |

| NET BOOK VALUE

| At 31 January 2026 | 507,137 |  | 142,320 |  | 5,228,649 |  |

| At 31 January 2025 | 531,272 |  | 60,501 |  | 5,535,493 |  |

| Included in cost of freehold property is freehold land of £1,100,000 which is not depreciated.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

14. | TANGIBLE FIXED ASSETS - continued

| Group

15. | FIXED ASSET INVESTMENTS

| Group

| Unlisted

| investments

£ |

| COST

| At 1 February 2025

| and 31 January 2026 | 75,979 |  |

| PROVISIONS

| At 1 February 2025 | 30,392 |  |

| Provision for year | 15,196 |  |

| At 31 January 2026 | 45,588 |  |

| NET BOOK VALUE

| At 31 January 2026 | 30,391 |  |

| At 31 January 2025 | 45,587 |  |

| Company

| Shares in

| group

| undertaking

£ |

| COST

| At 1 February 2025

| and 31 January 2026 | 29,607,843 |  |

| NET BOOK VALUE

| At 31 January 2026 | 29,607,843 |  |

| At 31 January 2025 | 29,607,843 |  |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

15. | FIXED ASSET INVESTMENTS - continued

| The above investments are unlisted.

| At 31 January 2026 the company had the following subsidiary undertakings. Unless otherwise stated all companies are incorporated in England and Wales. The registered office for all companies unless otherwise stated is First Floor North, 40 Oxford Road, High Wycombe, Bucks, HP11 2EE.

| Proportion of shares held in and principal activities of subsidiaries

| Optima Investments Limited is a wholly-owned subsidiary. Its principal activities are the provision of management services to the group.

| Optima Contracting Limited is a wholly-owned subsidiary of Optima Investments Limited. Its principal activities are those of the group. Optima Contracting Limited is the parent company of a number of subsidiary companies, which are as follows:

| Optima Installations Limited is a wholly-owned subsidiary. Its principal activity is the provision of skilled labour to the construction industry.

| Optima Products Limited is a wholly-owned subsidiary. Its principal activity is the development, manufacture and distribution of 'Optima' partitioning systems through an international network of group companies and authorised dealers.

| OAG Limited is a wholly-owned subsidiary. Its principal activity is the design and construction of specialist architectural glazing solutions.

| The company owns 100% of the issued Ordinary AED1 shares of Optima Systems International DMCC, which is incorporated in a Free Zone within Dubai. Its principal activity is interior design consultancy. The registered office is Unit No. 408, DMCC Business Centre, Level No. 1 Jewellery & Gemplex 3, Dubai, United Arab Emirates.

| Optima Partitions LLC, which is incorporated in Dubai, is a wholly-owned subsidiary of Optima Systems International DMCC and its principal activity is the installation of 'Optima' partitioning systems in the Middle East region. The registered office is Unit 1106, Level 11, Marina Plaza, Dubai Marina, Unit Arab Emirates.

| Optima Partitions Contracting LLC, which is incorporated in Saudi Arabia, is a wholly-owned subsidiary of Optima Systems International DMCC and its principal activity is the installation of 'Optima' partitioning systems. The registered office is Office B, Scale Business Solutions,7022 Qanat As Suwais, Al Aqiq, Riyadh 11414, Kingdom of Saudi Arabia.

| Optima Partitions LLC Egypt, which is incorporated in Egypt, is a wholly-owned subsidiary of Optima Systems International DMCC and its principal activity is the installation of 'Optima' partitioning systems. The registered office is 9083, Central Hill, Mokattam, Cairo, Egypt.

| Optima Systems International DMCC owns 76% of the issued Ordinary AED1 shares of Jalapeno Trading LLC, which is incorporated in Dubai. Its principal activity is the sale and installation of office seating, storage and soft furnishings, principally as a Herman Miller Authorised Dealer Partner. The registered office is 13th Floor Office 1301, U Bora Tower, Business Bay, Dubai, United Arab Emirates.

| Optima Products Asia SDN BHD, which is incorporated in Malaysia, is a wholly-owned subsidiary of Optima Products Limited and its principal activity is the manufacture and distribution of 'Optima' partitioning systems in Asia and Oceania through an international network of group companies and authorised dealers. The registered office is 1st Floor, 8 Avenue Business Centre, Jalan Sungai Jernih 8/1, Seksyen 8, 46050 Petaling Jaya, Selangor Darul Ehsan, Malaysia.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

15. | FIXED ASSET INVESTMENTS - continued

| PurOptima Inc, which is incorporated in Delaware USA, is a wholly owned subsidiary of Optima Products Limited and its principal activity is the sale and distribution of 'PurOptima' partitioning systems in the USA through a network of authorised dealers. The registered office is 251 Little Falls Drive, Wilmington, DE 19808, New Castle County, United States of America.

| Curtsons (Radstock) Limited and HLS Installations Limited are wholly-owned subsidiaries of Optima Contracting Limited which are dormant.

| Curtis Steel Limited, Optima Glass Installations Limited, Optima Partitioning Systems Limited and Puroptima Limited are wholly-owned subsidiaries of Optima Products Limited which are dormant.

16. | STOCKS

| Group |

2026 | 2025 |

£ | £ |

| Raw materials | 4,309,272 |  | 3,963,678 |  |

| Work-in-progress | 5,004,808 |  | 5,148,845 |  |

| Finished goods | 806,556 |  | 806,556 |  |

10,120,636 |  | 9,919,079 |  |

17. | DEBTORS

| Group |  | Company |

2026 | 2025 | 2026 | 2025 |

£ | £ | £ | £ |

| Amounts falling due within one year: |

| Trade debtors | 13,914,096 |  | 14,236,160 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 55,928 |  | 17,000 |  |

| Other debtors | 148,515 |  | 143,773 |  | 1,416 |  | - |  |

| Corporation tax | - |  | 169,352 |  | - |  | - |  |

| VAT | 1,401,559 |  | - |  | - |  | - |  |

| Prepayments and accrued income | 1,989,564 |  | 1,763,128 |  | 3,919 |  | 3,919 |  |

17,453,734 |  | 16,312,413 |  | 61,263 |  | 20,919 |  |

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

| Trade debtors | 654,310 |  | 598,376 |  | - |  | - |  |

| Aggregate amounts | 18,108,044 |  | 16,910,789 |  | 61,263 |  | 20,919 |  |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

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

| Group |  | Company |

2026 | 2025 | 2026 | 2025 |

£ | £ | £ | £ |

| Trade creditors | 8,536,386 |  | 7,933,554 |  | - |  | - |  |

| Corporation tax | 376,449 |  | 883,462 |  | 2,558 |  | - |  |

| Social security and other taxes | 830,758 |  | 726,148 |  | 71,186 |  | 63,124 |  |

| VAT | - |  | 32,072 |  | 100,497 |  | 81,084 |  |

| Other creditors | 188,054 |  | 346,404 |  | - |  | - |  |

| Accruals and deferred income | 12,578,851 |  | 10,377,192 |  | 37,221 |  | 37,961 |  |

22,510,498 |  | 20,298,832 |  | 211,462 |  | 182,169 |  |

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

| Group |

2026 | 2025 |

£ | £ |

| Trade creditors | 156,245 |  | 162,654 |  |

20. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

|  | Group |  | Company |  |

|  | 2026 |  | 2025 |  | 2026 |  | 2025 |  |

| £ |  | £ |  | £ |  | £ |  |

| Within one year |  | 487,573 |  | 379,131 |  | - |  | - |  |

| Between one and five years |  | 1,066,236 |  | 906,242 |  | - |  | - |  |

|  | 1,553,809 |  | 1,285,373 |  | - |  | - |  |

21. | PROVISIONS FOR LIABILITIES

| Group

|  | Deferred |  |  | Onerous |  |

|  | tax |  |  | contracts |  |

|  | £ |  |  | £ |  |

| Balance at 1 February 2025 |  | 327,479 |  |  | 9,084 |  |

| Provided during the year |  | - |  |  | 14,625 |  |

| Decelerated capital allowances |  | (15,703 | ) |  | - |  |

| Balance at 31 January 2026 |  | 311,776 |  |  | 23,709 |  |

| Onerous contracts

| Where it is probable that total contract costs will exceed total contract revenue on a construction contract, a provision for the expected loss has been recognised as an expense.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

22. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 1,500,000 | Ordinary | £1 | 1,500,000 |  | 1,500,000 |  |

| 8,000,000 | 'A' Preference | £1 | 8,000,000 |  | 8,000,000 |  |

| 5,307,843 | 'B' Preference | £1 | 5,307,843 |  | 5,307,843 |  |

14,807,843 |  | 14,807,843 |  |

| Ordinary shares

| There are 6 ordinary share classes A-F. The shares have attached to them full voting, dividend and capital distribution (including on winding up) rights.

| A Preference shares

| Class (A) irredeemable, non-cumulative fixed dividend at a rate of 2% per annum, non-voting preference shares of £1.00 each in the capital of the company.

| B Preference shares

| Class (B) irredeemable, non-cumulative fixed dividend at a rate of 4% per annum, non-voting preference shares of £1.00 each.

23. | RESERVES

| Group

| Retained

| earnings

£ |

| At 1 February 2025 | 16,891,125 |  |

| Profit for the year | 4,783,354 |  |

| Dividends | (3,014,614 | ) |

| Actuarial loss on pension

| scheme | (289,000 | ) |

| Exchange adjustment | (152,722 | ) |

| At 31 January 2026 | 18,218,143 |  |

| Company

| Retained

| earnings

£ |

| At 1 February 2025 | 14,654,104 |  |

| Profit for the year | 3,020,490 |  |

| Dividends | (3,014,614 | ) |

| At 31 January 2026 | 14,659,980 |  |

| Retained earnings is a distributable reserve and records retained earnings and accumulated losses.

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

24. | NON-CONTROLLING INTERESTS

| Non-controlling interests represent the amount of capital and reserves attributable to shares in subsidiary undertakings included in the consolidation held by persons other than the parent company and its subsidiary undertakings.

25. | EMPLOYEE BENEFIT OBLIGATIONS

| Until 31 December 2003 the company provided pension arrangements to the majority of its full time employees through a defined benefit scheme, when the scheme was closed to new members.

| On 1 January 2004 a new defined contribution section of the scheme was brought into operation, and thus the scheme became a combined defined benefit and defined contribution scheme.

| Defined benefits are no longer accruing within the scheme and no further contributions by employees are to be made to the defined benefit section of the scheme.

| A liability for the company's obligations under the plan is recognised net of plan assets. The net change in the net defined benefit liability is recognised as the cost of the defined benefit plan during the period. Pension plan assets are measured at fair value and the defined benefit obligation is measured on an actuarial basis.

| The latest actuarial valuation as at 31 March 2025 showed the scheme to be underfunded. An updated funding position was estimated as at 31 March 2026 for the purposes of deriving the Recovery Plan, taking into account experience since the valuation date. The funding position had improved to a surplus at that date, due mainly to contributions totalling £250,000 that were paid by the employer along with favourable market movements. It follows that no further deficit contributions are required, but the employer paid a contributions in respect of the defined benefit section of £250,000 in May 2026. The next actuarial valuation is due to be prepared as at 31 March 2028.

| Following a legal review of the Scheme's benefit structure it was identified by the Scheme's legal advisors that there exists a drafting issue in one of the Scheme's governing documents (dated 17 March 2016). The drafting issue relates to members' entitlement to pension increases under the Scheme Rules. The trustees and the employer are exploring their options for resolving and/or mitigating this issue. As such, the above valuation does not incorporate any allowance for the additional liabilities that could arise from this issue.

| The disclosures set out below are based on calculations prepared as of 31 January 2026 by a qualified independent actuary.

| The calculations show that the present value of the defined benefit obligation is less than the fair value of the plan assets, and therefore the plan has a surplus. In accordance with FRS102 para 28.22 the plan surplus has not been recognised as a defined benefit plan asset as the directors consider it unlikely the company will be able to recover the surplus, either through reduced contributions in the future or through refunds from the plan. Due to the level of market volatility at present, the directors anticipate the probability of the scheme returning to a scheme deficit in the near future to be very high.

| .

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

25. | EMPLOYEE BENEFIT OBLIGATIONS - continued

| The amounts recognised in the balance sheet are as follows:

| Defined benefit |

| pension plans |

2026 | 2025 |

£ | £ |

| Present value of funded obligations | (4,207,000 | ) | (4,271,000 | ) |

| Fair value of plan assets | 5,019,000 |  | 4,891,000 |  |

812,000 |  | 620,000 |  |

| Present value of unfunded obligations | - |  | - |  |

| Surplus | 812,000 |  | 620,000 |  |

| Restriction on recoverable surplus | (812,000 | ) | (620,000 | ) |

| Net liability | - |  | - |  |

| The amounts recognised in profit or loss are as follows:

| Defined benefit |

| pension plans |

2026 | 2025 |

£ | £ |

| Current service cost | - |  | - |  |

| Net interest from net defined benefit asset/liability | (39,000 | ) | (24,000 | ) |

| Past service cost | - |  | - |  |

(39,000 | ) | (24,000 | ) |

| Actual return on plan assets | - |  | - |  |

| Changes in the present value of the defined benefit obligation are as follows:

| Defined benefit |

| pension plans |

2026 | 2025 |

£ | £ |

| Opening defined benefit obligation | 4,271,000 |  | 4,545,000 |  |

| Interest cost | 220,000 |  | 205,000 |  |

| Benefits paid | (247,000 | ) | (350,000 | ) |

| Remeasurements:

| Actuarial (gains)/losses from changes in demographic assumptions | 24,000 |  | (233,000 | ) |

| Actuarial (gains)/losses from changes in financial assumptions | (61,000 | ) | 104,000 |  |

4,207,000 |  | 4,271,000 |  |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

25. | EMPLOYEE BENEFIT OBLIGATIONS - continued

| Changes in the fair value of scheme assets are as follows:

| Defined benefit |

| pension plans |

2026 | 2025 |

£ | £ |

| Opening fair value of scheme assets | 4,891,000 |  | 4,894,000 |  |

| Interest income on plan assets | 259,000 |  | 229,000 |  |

| Contributions by employer | 250,000 |  | 300,000 |  |

| Benefits paid | (247,000 | ) | (350,000 | ) |

| Return on plan assets (excluding interest income) | (134,000 | ) | (182,000 | ) |

5,019,000 |  | 4,891,000 |  |

| The amounts recognised in other comprehensive income are as follows:

| Defined benefit |

| pension plans |

2026 | 2025 |

£ | £ |

| Actuarial gains/(losses) from changes in demographic assumptions | (24,000 | ) | 233,000 |  |

| Actuarial gains/(losses) from changes in financial assumptions | 61,000 |  | (104,000 | ) |

| Return on plan assets (excluding interest income) | (134,000 | ) | (182,000 | ) |

(97,000 | ) | (53,000 | ) |

| The major categories of scheme assets as amounts of total scheme assets are as follows:

| Defined benefit |

| pension plans |

2026 | 2025 |

£ | £ |

| Equities | - |  | 1,996,000 |  |

| Bonds | 1,407,000 |  | 2,682,000 |  |

| Cash or other | 3,612,000 |  | 213,000 |  |

5,019,000 |  | 4,891,000 |  |

| Principal actuarial assumptions at the balance sheet date (expressed as weighted averages):

2026 | 2025 |

| Discount rate | 5.45% | 5.30% |

| Future RPI inflation | 3.00% | 3.25% |

| Future CPI inflation | 2.50% | 2.75% |

| Rate of increase in future pension payments | 2.50% | 2.75% |

HEXA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 11731706)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

26. | CONTINGENT LIABILITIES

| Cross guarantee

| This company, Hexa Group Holdings Limited, Optima Investments Limited, Optima Installations Limited and Optima Products Limited have entered into a composite accounting agreement, dated 18 October 2019, in which each participating company has provided a guarantee to the bank. Under the terms of the agreement and the guarantees, the bank is authorised to allow set-off of balances between the companies involved.

| Performance bonds

| The group had contingent liabilities at the balance sheet date in respect of performance bonds, as follows:

| Expires |  |  | Amount |  |

| £ |  |

| 30 April 2026 |  |  | 245,000 |  |

| 29 February 2028 |  |  | 161,343 |  |

|  | 406,343 |  |

27. | RELATED PARTY DISCLOSURES

| Transactions with key management personnel

|  | 2026 |  | 2025 |  |

|  | £ |  | £ |  |

| Total compensation of key management personnel, including directors |  | 3,508,963 |  | 3,280,517 |  |

| Other related parties

2026 | 2025 |

£ | £ |

| Purchases from related parties | 192,500 |  | 192,500 |  |