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REGISTERED NUMBER: 03319037 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

COMEFRI U.K. LIMITED

| COMEFRI U.K. LIMITED (REGISTERED NUMBER: 03319037) |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| COMEFRI U.K. LIMITED |

COMPANY INFORMATION

For The Year Ended 31 December 2025

| DIRECTORS: | Mrs S Braun

| Mr R Braun

| Mrs V Drought

| SECRETARY: | Milton Secretaries Ltd

| REGISTERED OFFICE: | 10 Orange Street

| Haymarket

| London

| WC2H 7DQ

| REGISTERED NUMBER: | 03319037 (England and Wales)

| AUDITORS: | TC Group, Statutory Auditor

| 1 Rushmills

| Bedford Road

| Northampton

| Northamptonshire

| NN4 7YB

| COMEFRI U.K. LIMITED (REGISTERED NUMBER: 03319037) |

STATEMENT OF FINANCIAL POSITION

31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Stocks | 5 | 322,946 |  | 257,728 |  |

Debtors | 6 | 480,661 |  | 429,978 |  |

Cash at bank and in hand | 1,383,991 |  | 1,305,744 |  |

2,187,598 |  | 1,993,450 |  |

CREDITORS

Amounts falling due within one year | 7 | 685,115 |  | 503,768 |  |

NET CURRENT ASSETS | 1,502,483 |  | 1,489,682 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,502,483 |  | 1,489,682 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 50,000 |  | 50,000 |  |

Retained earnings | 1,452,483 |  | 1,439,682 |  |

SHAREHOLDERS' FUNDS | 1,502,483 |  | 1,489,682 |  |

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by:

Mr R Braun - Director

| COMEFRI U.K. LIMITED (REGISTERED NUMBER: 03319037) |

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Comefri U.K. Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The business address of the company is as follows:

| 10 Carters Lane

| Kiln Farm

| Milton Keynes

| MK11 3ER

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| There were no material departures from the standard.

| Functional and presentational currency

| The Company's functional and presentational currency is GBP. All the amounts have been rounded to the nearest Pound, unless otherwise indicated.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Leasehold Improvement | - | Straight line over the life of the lease

| Plant and machinery | - | 33% on cost and 20% on cost

| Computer equipment | - | 50% on cost

| Tangible fixed assets are initially recorded at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

| Stocks

| Stocks comprise finished goods and spare parts. Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost is calculated on an average cost basis.

| Consignment stocks from the manufacturers are included at cost.

| Financial instruments

| Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless they are included in a hedging arrangement.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| COMEFRI U.K. LIMITED (REGISTERED NUMBER: 03319037) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation 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 in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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

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

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Operating leases

| Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

| Incentives received to enter into an operating lease are credited to the profit and loss account, to reduce the lease expense, on a straight-line basis over the period of the lease.

| Going concern

| The accounts for the company have been prepared on the going concern basis. This basis of preparation reflects the position that the company receives continued financial support from its parent company, CO.ME.FRI. - Construzioni Meccaniche Friulane S.p.A, (trading as CO.ME.FRI S.p.A).

| As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 6 ) .

| COMEFRI U.K. LIMITED (REGISTERED NUMBER: 03319037) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 December 2025

4. | TANGIBLE FIXED ASSETS

| Leasehold |  | Plant and |  | Computer |

| Improvement |  | machinery |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 19,055 |  | 36,146 |  | 4,835 |  | 60,036 |  |

| DEPRECIATION

| At 1 January 2025

| and 31 December 2025 | 19,055 |  | 36,146 |  | 4,835 |  | 60,036 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | - |  | - |  | - |  |

| At 31 December 2024 | - |  | - |  | - |  | - |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 322,946 |  | 257,728 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 426,825 |  | 378,783 |  |

| Other debtors & prepayments | 53,836 |  | 51,195 |  |

480,661 |  | 429,978 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 94,153 |  | 156,389 |  |

| Amounts owed to group undertakings | 120,345 |  | 5,167 |  |

| Corporation tax | 141,028 |  | 125,100 |  |

| VAT | 83,800 |  | 88,251 |  |

| Accruals and deferred income | 245,789 |  | 128,861 |  |

685,115 |  | 503,768 |  |

| There are no fixed credit terms with the parent company. Payments are made to minimise exchange losses as and when the funds are available and exchange rates favourable. No interest is charged on intercompany balances and the amounts are not secured.

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 102,438 |  | 111,288 |  |

| Between one and five years | - |  | 102,014 |  |

102,438 |  | 213,302 |  |

| COMEFRI U.K. LIMITED (REGISTERED NUMBER: 03319037) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 December 2025

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 50,000 | Ordinary Shares | 1 | 50,000 |  | 50,000 |  |

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Antonia Aldridge-Brown FCCA (Senior Statutory Auditor)

| for and on behalf of TC Group, Statutory Auditor

11. | RELATED PARTY DISCLOSURES

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

| Purchases with non-wholly owned group companies during the year amounted to £nil (2024: £885). The balance outstanding at the year end amounts to £nil (2024: £nil).

| One of the directors provides services to the company during the year amounting to £52,605 (2024: £26,820). The balance owed to the director at the year end amounts to £6,254 (2024: £2,300).

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is R Braun.

| CO.ME.FRI. - Construzioni Meccaniche Friulane S.p.A, (trading as CO.ME.FRI S.p.A) is the parent undertaking of the largest and the smallest group of undertakings to consolidate these financial statements.

| The consolidated financial statements of CO.ME.FRI. - Construzioni Meccaniche Friulane S.p.A, (trading as CO.ME.FRI S.p.A) can be obtained from, the Company Secretary, CO.ME.FRI S.p.A, Via Buia 3, 33010 Magnano in Riviera, (Udine), Italy.