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REGISTERED NUMBER: 10710020 (England and Wales)

Hird Group Holdings Limited

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31st March 2026

Hird Group Holdings Limited (Registered number: 10710020)

Contents of the Consolidated Financial Statements

for the year ended 31st March 2026

Page |

Company Information | 1 |

Group Strategic Report | 2 |

Report of the Directors | 3 |

Report of the Independent Auditors | 4 |

Consolidated Statement of Comprehensive Income | 7 |

Consolidated Balance Sheet | 8 |

Company Balance Sheet | 9 |

Consolidated Statement of Changes in Equity | 10 |

Company Statement of Changes in Equity | 11 |

Consolidated Cash Flow Statement | 12 |

Notes to the Consolidated Cash Flow Statement | 13 |

Notes to the Consolidated Financial Statements | 14 |

Hird Group Holdings Limited

Company Information

for the year ended 31st March 2026

| DIRECTORS: | P R Hird

| R J Blanchard

| J M Wilding

| REGISTERED OFFICE: | 127/143 English Street

| Hull

| East Yorkshire

| HU3 2BS

| REGISTERED NUMBER: | 10710020 (England and Wales)

| AUDITORS: | Smailes Goldie

| Chartered Accountants

| Statutory Auditor

| Regent's Court

| Princess Street

| Hull

| East Yorkshire

| HU2 8BA

Hird Group Holdings Limited (Registered number: 10710020)

Group Strategic Report

for the year ended 31st March 2026

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

REVIEW OF BUSINESS

The company's principal activities remain the hire of niche lifting equipment, access platforms, mini cranes and glass handling equipment, along with the provision of machinery movement, installations, relocations and contract lifting services and associated training services.

Principal Risks and Uncertainties

The principal risks and uncertainties during the year were dominated by the decisions and policies made by the UK Government resulting in a reduced confidence in UK markets that has helped drive down investment. Combined with increasing inflationary costs continuing to affect all sectors operated within by the company, we would appear to be diving towards a shrinking economy. Hence, businesses have adopted a far more cautious approach in order to accommodate the increases in taxation that are a direct result of the decisions made by the current Chancellor.

The company has also faced eroded pricing structures due to the influx of under-priced Chinese products being offered to the client base at a substantially lower return than the market traditionally operates within.

The conflict in the Ukraine continues to affect the lead times for products and parts and the seemingly ad-hoc policy and tariff decisions emerging from the USA are affecting global markets on an ever-changing basis.

Despite these burdens, the company has continued to operate profitably as trading remained stable. Investments in equipment continues and this has allowed the company to maintain its footprint within all sectors. Following on from this, future ongoing investments have been planned to allow the company to further evolve in anticipation that confidence will return to the economy, placing the company in the best position to respond to demand and growth.

Key Performance Indicators

The company operates a robust KPI on a weekly and monthly basis. These include turnover and costs, profitability, utilisation and cashflow for individual assets. The systems we operate offer weekly indicators allowing the company to respond to challenges in a timely manner and effective way.

Future Development and Performance

The company expects growth to slow in reaction to the markets and proposed new government's policies in both the UK and Europe through 2026. The business has prepared well for any eventuality in 2026 and remains strong across all areas of the business.

The Director's aim is for a robust and diligent trading throughout 2026/27 with investments continuing and costs being monitored. Asset growth is expected to allow the business to be at the forefront of the latest technologies available to our industry.

ON BEHALF OF THE BOARD:

P R Hird - Director

24th July 2026

Hird Group Holdings Limited (Registered number: 10710020)

Report of the Directors

for the year ended 31st March 2026

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

DIVIDENDS

The total distribution of dividends for the period ended 31st March 2026 will be £337,143 (2025: £273,228).

DIRECTORS

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

P R Hird

R J Blanchard

J M Wilding

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he 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.

AUDITORS

The auditors, Smailes Goldie, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P R Hird - Director

24th July 2026

Report of the Independent Auditors to the Members of

Hird Group Holdings Limited

Opinion

We have audited the financial statements of Hird Group Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st March 2026 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 31st March 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.

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.

Report of the Independent Auditors to the Members of

Hird Group Holdings Limited

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, tax legislation, data protection, anti-bribery, employment, environmental and health and safety legislation. An understanding of these laws and regulations and the extent of compliance was obtained through discussion with management and inspecting legal and regulatory correspondence.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- |  | performed analytical procedures to identify any unusual or unexpected relationships; |

- |  | tested journal entries to identify unusual transactions; |

- |  | assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and |

- |  | investigated the rationale behind significant or unusual transactions. |

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- |  | agreeing financial statement disclosures to underlying supporting documentation; and |

- |  | enquiring of management as to actual and potential litigation and claims |

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of

Hird Group Holdings Limited

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Luke Taylor BSc (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

24th July 2026

Hird Group Holdings Limited (Registered number: 10710020)

Consolidated Statement of Comprehensive Income

for the year ended 31st March 2026

| 2026 |  | 2025

| Notes | £ | £ |

TURNOVER | 3 | 17,970,166 |  | 18,952,417 |  |

Cost of sales | 8,897,443 |  | 8,892,271 |  |

GROSS PROFIT | 9,072,723 |  | 10,060,146 |  |

Administrative expenses | 7,598,445 |  | 7,476,327 |  |

1,474,278 |  | 2,583,819 |  |

Other operating income | 50,763 |  | - |  |

OPERATING PROFIT | 5 | 1,525,041 |  | 2,583,819 |  |

Interest receivable and similar income | 27,659 |  | 12,212 |  |

1,552,700 |  | 2,596,031 |  |

Interest payable and similar expenses | 6 | 580,137 |  | 286,664 |  |

PROFIT BEFORE TAXATION | 972,563 |  | 2,309,367 |  |

Tax on profit | 7 | 240,316 |  | 587,218 |  |

PROFIT FOR THE FINANCIAL YEAR | 732,247 |  | 1,722,149 |  |

OTHER COMPREHENSIVE INCOME |

Purchase of own shares | - |  | (698,113 | ) |

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

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | - |  | (698,113 | ) |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 732,247 |  | 1,024,036 |  |

Profit attributable to:

Owners of the parent | 732,247 |  | 1,722,149 |  |

Total comprehensive income attributable to:

Owners of the parent | 732,247 |  | 1,024,036 |  |

Hird Group Holdings Limited (Registered number: 10710020)

Consolidated Balance Sheet

31st March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | - |  | - |  |

Tangible assets | 11 | 18,309,542 |  | 19,333,718 |  |

Investments | 12 | - |  | - |  |

18,309,542 |  | 19,333,718 |  |

CURRENT ASSETS

Stocks | 13 | 553,741 |  | 771,573 |  |

Debtors | 14 | 3,096,612 |  | 4,324,749 |  |

Cash at bank and in hand | 2,679,825 |  | 304,313 |  |

6,330,178 |  | 5,400,635 |  |

CREDITORS

Amounts falling due within one year | 15 | 4,659,823 |  | 5,250,797 |  |

NET CURRENT ASSETS | 1,670,355 |  | 149,838 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 19,979,897 |  | 19,483,556 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (4,313,949 | ) | (4,288,559 | ) |

PROVISIONS FOR LIABILITIES | 19 | (2,685,087 | ) | (2,609,240 | ) |

NET ASSETS | 12,980,861 |  | 12,585,757 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 92,990 |  | 92,990 |  |

Merger relief reserve | 21 | 4,538,297 |  | 4,538,297 |  |

Capital redemption reserve | 21 | 7,010 |  | 7,010 |  |

Retained earnings | 21 | 8,342,564 |  | 7,947,460 |  |

SHAREHOLDERS' FUNDS | 12,980,861 |  | 12,585,757 |  |

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

P R Hird - Director

Hird Group Holdings Limited (Registered number: 10710020)

Company Balance Sheet

31st March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | - |  | - |  |

Tangible assets | 11 | - |  | - |  |

Investments | 12 | 4,765,442 |  | 4,765,442 |  |

4,765,442 |  | 4,765,442 |  |

CURRENT ASSETS

Debtors | 14 | 61,209 |  | 1,000 |  |

CREDITORS

Amounts falling due within one year | 15 | 187,427 |  | 127,184 |  |

NET CURRENT LIABILITIES | (126,218 | ) | (126,184 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,639,224 |  | 4,639,258 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 92,990 |  | 92,990 |  |

Merger relief reserve | 21 | 4,538,297 |  | 4,538,297 |  |

Capital redemption reserve | 21 | 7,010 |  | 7,010 |  |

Retained earnings | 21 | 927 |  | 961 |  |

SHAREHOLDERS' FUNDS | 4,639,224 |  | 4,639,258 |  |

Company's profit for the financial year | 337,109 |  | 977,236 |  |

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

P R Hird - Director

Hird Group Holdings Limited (Registered number: 10710020)

Consolidated Statement of Changes in Equity

for the year ended 31st March 2026

| Called up |  | Merger |  | Capital |

| share |  | Retained |  | relief |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | reserve |  | equity

£ | £ | £ | £ | £ |

Balance at 1st April 2024 | 97,897 |  | 7,203,662 |  | 4,538,297 |  | - |  | 11,839,856 |  |

Changes in equity

Profit for the year | - |  | 1,722,149 |  | - |  | - |  | 1,722,149 |  |

Other comprehensive income | - |  | (705,123 | ) | - |  | 7,010 |  | (698,113 | ) |

Total comprehensive income | - |  | 1,017,026 |  | - |  | 7,010 |  | 1,024,036 |  |

Issue of share capital | (4,907 | ) | - |  | - |  | - |  | (4,907 | ) |

Dividends | - |  | (273,228 | ) | - |  | - |  | (273,228 | ) |

Balance at 31st March 2025 | 92,990 |  | 7,947,460 |  | 4,538,297 |  | 7,010 |  | 12,585,757 |  |

Changes in equity

Profit for the year | - |  | 732,247 |  | - |  | - |  | 732,247 |  |

Total comprehensive income | - |  | 732,247 |  | - |  | - |  | 732,247 |  |

Dividends | - |  | (337,143 | ) | - |  | - |  | (337,143 | ) |

Balance at 31st March 2026 | 92,990 |  | 8,342,564 |  | 4,538,297 |  | 7,010 |  | 12,980,861 |  |

Hird Group Holdings Limited (Registered number: 10710020)

Company Statement of Changes in Equity

for the year ended 31st March 2026

| Called up |  | Merger |  | Capital |

| share |  | Retained |  | relief |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | reserve |  | equity

£ | £ | £ | £ | £ |

Balance at 1st April 2024 | 97,897 |  | 2,076 |  | 4,538,297 |  | - |  | 4,638,270 |  |

Changes in equity

Profit for the year | - |  | 977,236 |  | - |  | - |  | 977,236 |  |

Other comprehensive income | - |  | (705,123 | ) | - |  | 7,010 |  | (698,113 | ) |

Total comprehensive income | - |  | 272,113 |  | - |  | 7,010 |  | 279,123 |  |

Dividends | - |  | (273,228 | ) | - |  | - |  | (273,228 | ) |

Issue of share capital | (4,907 | ) | - |  | - |  | - |  | (4,907 | ) |

Balance at 31st March 2025 | 92,990 |  | 961 |  | 4,538,297 |  | 7,010 |  | 4,639,258 |  |

Changes in equity

Profit for the year | - |  | 337,109 |  | - |  | - |  | 337,109 |  |

Total comprehensive income | - |  | 337,109 |  | - |  | - |  | 337,109 |  |

Dividends | - |  | (337,143 | ) | - |  | - |  | (337,143 | ) |

Balance at 31st March 2026 | 92,990 |  | 927 |  | 4,538,297 |  | 7,010 |  | 4,639,224 |  |

Hird Group Holdings Limited (Registered number: 10710020)

Consolidated Cash Flow Statement

for the year ended 31st March 2026

| 2026 |  | 2025

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 4,610,600 |  | 5,099,632 |  |

Interest paid | (81 | ) | (68 | ) |

Interest element of hire purchase payments paid | (580,056 | ) | (286,596 | ) |

Tax paid | (376,001 | ) | (354,104 | ) |

Net cash from operating activities | 3,654,462 |  | 4,458,864 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (1,734,579 | ) | (4,999,049 | ) |

Sale of tangible fixed assets | 371,615 |  | 466,411 |  |

Interest received | 27,659 |  | 12,212 |  |

Net cash from investing activities | (1,335,305 | ) | (4,520,426 | ) |

Cash flows from financing activities

Net capital advances/(repayment) in year | 315,659 |  | 563,544 |  |

Amount introduced by directors | 90,064 |  | - |  |

Amount withdrawn by directors | (12,225 | ) | - |  |

Share buyback | - |  | (703,020 | ) |

Equity dividends paid | (337,143 | ) | (273,228 | ) |

Net cash from financing activities | 56,355 |  | (412,704 | ) |

Increase/(decrease) in cash and cash equivalents | 2,375,512 |  | (474,266 | ) |

Cash and cash equivalents at beginning of year | 2 | 304,313 |  | 778,579 |  |

Cash and cash equivalents at end of year | 2 | 2,679,825 |  | 304,313 |  |

Hird Group Holdings Limited (Registered number: 10710020)

Notes to the Consolidated Cash Flow Statement

for the year ended 31st March 2026

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

| 2026 |  | 2025

£ | £ |

| Profit before taxation | 972,563 |  | 2,309,367 |  |

| Depreciation charges | 2,227,850 |  | 2,151,941 |  |

| Loss on disposal of fixed assets | 159,290 |  | 63,167 |  |

| Finance costs | 580,137 |  | 286,664 |  |

| Finance income | (27,659 | ) | (12,212 | ) |

3,912,181 |  | 4,798,927 |  |

| Decrease in stocks | 217,832 |  | 106,051 |  |

| Decrease/(increase) in trade and other debtors | 1,256,992 |  | (172,878 | ) |

| (Decrease)/increase in trade and other creditors | (776,405 | ) | 367,532 |  |

| Cash generated from operations | 4,610,600 |  | 5,099,632 |  |

2. | CASH AND CASH EQUIVALENTS

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

| Year ended 31st March 2026

| 31/3/26 |  | 1/4/25

£ | £ |

| Cash and cash equivalents | 2,679,825 |  | 304,313 |  |

| Year ended 31st March 2025

| 31/3/25 |  | 1/4/24

£ | £ |

| Cash and cash equivalents | 304,313 |  | 778,579 |  |

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1/4/25 | Cash flow | At 31/3/26

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 304,313 |  | 2,375,512 |  | 2,679,825 |  |

304,313 |  | 2,375,512 |  | 2,679,825 |  |

| Debt

| Finance leases | (6,534,787 | ) | (315,659 | ) | (6,850,446 | ) |

(6,534,787 | ) | (315,659 | ) | (6,850,446 | ) |

| Total | (6,230,474 | ) | 2,059,853 |  | (4,170,621 | ) |

Hird Group Holdings Limited (Registered number: 10710020)

Notes to the Consolidated Financial Statements

for the year ended 31st March 2026

1. | STATUTORY INFORMATION

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standards 102 "The Financial Reporting Standard Applicable in the UK and Republic of Ireland" (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

| 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.

| Basis of consolidation

| The consolidated financial statements include the financial statements of the company and its subsidiary undertakings made up to 31st March 2025. The acquisition method of accounting has been adopted. Under this method the results of subsidiary undertakings acquired or disposed of in the year are included in the consolidated profit and loss account from the date of acquisition or up to the date of disposal.

| Turnover

| Sale of goods

| Turnover from the sale of plant and related 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 the dispatch of the goods.

| Rendering of services

| When the outcome of a transaction can be estimated reliably, turnover from plant hire and training is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to hire periods or when the training courses take place.

| Goodwill

| Goodwill, being the amount paid in connection with the share for share exchange of the group companies in 2017 has been amortised in full.

| Goodwill on consolidation represents the difference between the share value of the investments and the fair value of the net assets acquired.

| Intangible assets

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

| Tangible fixed assets

| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

| The rates generally applicable are:-

| Long leasehold | 2% on cost |

| Improvement to property | 15% on reducing balance |

| Plant and machinery | 10 to 15% on reducing balance |

| Fixtures and fittings | 15% on reducing balance |

| Motor vehicles | 25% on reducing balance |

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Hird Group Holdings Limited (Registered number: 10710020)

Notes to the Consolidated Financial Statements - continued

for the year ended 31st March 2026

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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

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

| Deferred tax

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

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

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

| Foreign currencies

| Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

| Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

| Hire purchase and leasing commitments

| Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

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

| Employee benefits

| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. | TURNOVER

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

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

| 2026 |  | 2025

£ | £ |

| Goods | 2,798,364 |  | 2,397,160 |  |

| Services | 15,171,802 |  | 16,555,257 |  |

17,970,166 |  | 18,952,417 |  |

Hird Group Holdings Limited (Registered number: 10710020)

Notes to the Consolidated Financial Statements - continued

for the year ended 31st March 2026

4. | EMPLOYEES AND DIRECTORS

| 2026 |  | 2025

£ | £ |

| Wages and salaries | 5,854,810 |  | 5,807,930 |  |

| Social security costs | 642,667 |  | 535,385 |  |

| Other pension costs | 264,645 |  | 265,531 |  |

6,762,122 |  | 6,608,846 |  |

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

| 2026 |  | 2025

| Directors | 4 |  | 5 |  |

| Admin | 39 |  | 31 |  |

| Labour | 65 |  | 74 |  |

108 |  | 110 |  |

| 2026 |  | 2025

£ | £ |

| Directors' remuneration | 312,322 |  | 390,711 |  |

| Directors' pension contributions to money purchase schemes | 100,602 |  | 139,037 |  |

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

| Money purchase schemes | 4 |  | 5 |  |

| Information regarding the highest paid director is as follows:

| 2026 |  | 2025

£ | £ |

| Emoluments etc | 120,961 |  | 112,988 |  |

| Pension contributions to money purchase schemes | 1,321 |  | 1,321 |  |

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2026 |  | 2025

£ | £ |

| Depreciation - owned assets | 777,362 |  | 770,778 |  |

| Depreciation - assets on hire purchase contracts | 1,450,488 |  | 1,381,164 |  |

| Loss on disposal of fixed assets | 159,290 |  | 63,167 |  |

| Auditors' remuneration | 21,728 |  | 21,927 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2026 |  | 2025

£ | £ |

| Bank interest | 81 |  | 68 |  |

| Hire purchase | 580,056 |  | 286,596 |  |

580,137 |  | 286,664 |  |

Hird Group Holdings Limited (Registered number: 10710020)

Notes to the Consolidated Financial Statements - continued

for the year ended 31st March 2026

7. | 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 | 164,469 |  | 359,890 |  |

| Deferred tax | 75,847 |  | 227,328 |  |

| Tax on profit | 240,316 |  | 587,218 |  |

| Reconciliation of total tax charge included in profit and loss

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

| 2026 |  | 2025

£ | £ |

| Profit before tax | 972,563 |  | 2,309,367 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2025 - 25 %) | 243,141 |  | 577,342 |  |

| Effects of:

| Expenses not deductible for tax purposes | 7,416 |  | 5,469 |  |

| Depreciation on non qualifying assets | 4,385 |  | 4,407 |  |

| Capital in revenue allowances | (14,626 | ) | - |  |

| Total tax charge | 240,316 |  | 587,218 |  |

| Tax effects relating to effects of other comprehensive income |

| There were no tax effects for the year ended 31st March 2026.

| 2025 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Purchase of own shares | (698,113 | ) | - |  | (698,113 | ) |

8. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

| 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.

9. | DIVIDENDS

| 2026 |  | 2025

£ | £ |

| Ordinary shares of £1 each

| Interim | 337,143 |  | 273,228 |  |

Hird Group Holdings Limited (Registered number: 10710020)

Notes to the Consolidated Financial Statements - continued

for the year ended 31st March 2026

10. | INTANGIBLE FIXED ASSETS

| Group

| Goodwill

£ |

| COST

| At 1st April 2025

| and 31st March 2026 | (96,584 | ) |

| AMORTISATION

| At 1st April 2025

| and 31st March 2026 | (96,584 | ) |

| NET BOOK VALUE

| At 31st March 2026 | - |  |

| At 31st March 2025 | - |  |

11. | TANGIBLE FIXED ASSETS

| Group

| Long |  | Plant and |  | Motor |

| leasehold |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1st April 2025 | 864,955 |  | 29,848,030 |  | 813,394 |  | 31,526,379 |  |

| Additions | - |  | 1,696,757 |  | 37,822 |  | 1,734,579 |  |

| Disposals | - |  | (1,159,239 | ) | (16,095 | ) | (1,175,334 | ) |

| At 31st March 2026 | 864,955 |  | 30,385,548 |  | 835,121 |  | 32,085,624 |  |

| DEPRECIATION

| At 1st April 2025 | 128,764 |  | 11,731,363 |  | 332,534 |  | 12,192,661 |  |

| Charge for year | 17,540 |  | 2,103,640 |  | 106,670 |  | 2,227,850 |  |

| Eliminated on disposal | - |  | (632,697 | ) | (11,732 | ) | (644,429 | ) |

| At 31st March 2026 | 146,304 |  | 13,202,306 |  | 427,472 |  | 13,776,082 |  |

| NET BOOK VALUE

| At 31st March 2026 | 718,651 |  | 17,183,242 |  | 407,649 |  | 18,309,542 |  |

| At 31st March 2025 | 736,191 |  | 18,116,667 |  | 480,860 |  | 19,333,718 |  |

| The net book value of assets includes £11,473,161 (20245 £9,217,711) in respect of assets held under hire purchase contracts.

12. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1st April 2025

| and 31st March 2026 | 4,765,442 |  |

| NET BOOK VALUE

| At 31st March 2026 | 4,765,442 |  |

| At 31st March 2025 | 4,765,442 |  |

Hird Group Holdings Limited (Registered number: 10710020)

Notes to the Consolidated Financial Statements - continued

for the year ended 31st March 2026

12. | FIXED ASSET INVESTMENTS - continued

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

| Subsidiary

| Hird Limited

| Registered office: Same as office on page 1 of these financial statements.

| Nature of business: Equipment hire and sales

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

13. | STOCKS

| Group |

2026 | 2025 |

£ | £ |

| Stocks | 553,741 |  | 771,573 |  |

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

| Group |  | Company |

2026 | 2025 | 2026 | 2025 |

£ | £ | £ | £ |

| Trade debtors | 2,162,613 |  | 3,260,479 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 61,209 |  | 1,000 |  |

| Other debtors | 807,812 |  | 951,505 |  | - |  | - |  |

| Tax | 28,855 |  | - |  | - |  | - |  |

| Prepayments | 97,332 |  | 112,765 |  | - |  | - |  |

3,096,612 |  | 4,324,749 |  | 61,209 |  | 1,000 |  |

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

| Group |  | Company |

2026 | 2025 | 2026 | 2025 |

£ | £ | £ | £ |

| Hire purchase contracts (see note 17) | 2,536,497 |  | 2,246,228 |  | - |  | - |  |

| Trade creditors | 1,311,959 |  | 2,015,825 |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | - |  | 17,596 |  |

| Tax | - |  | 182,677 |  | - |  | - |  |

| Social security and other taxes | 149,751 |  | 171,485 |  | - |  | - |  |

| VAT | 359,110 |  | 326,530 |  | - |  | - |  |

| Other creditors | 95,361 |  | 152,685 |  | 51,500 |  | 51,500 |  |

| Directors' current accounts | 135,927 |  | 58,088 |  | 135,927 |  | 58,088 |  |

| Accruals and deferred income | 71,218 |  | 97,279 |  | - |  | - |  |

4,659,823 |  | 5,250,797 |  | 187,427 |  | 127,184 |  |

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

| Group |

2026 | 2025 |

£ | £ |

| Hire purchase contracts (see note 17) | 4,313,949 |  | 4,288,559 |  |

Hird Group Holdings Limited (Registered number: 10710020)

Notes to the Consolidated Financial Statements - continued

for the year ended 31st March 2026

17. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2026 | 2025 |

£ | £ |

| Net obligations repayable:

| Within one year | 2,536,497 |  | 2,246,228 |  |

| Between one and five years | 4,313,949 |  | 4,288,559 |  |

6,850,446 |  | 6,534,787 |  |

| Group

| Non-cancellable |

| operating leases |

2026 | 2025 |

£ | £ |

| Within one year | 454,930 |  | 572,139 |  |

| Between one and five years | 1,189,455 |  | 1,289,343 |  |

| In more than five years | 486,121 |  | 739,973 |  |

2,130,506 |  | 2,601,455 |  |

18. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

2026 | 2025 |

£ | £ |

| Hire purchase contracts | 6,850,446 |  | 6,534,787 |  |

| The invoice discounting facility is secured by way of a legal charge and a debenture over all assets owned by the company and guarantee of £550,000.

19. | PROVISIONS FOR LIABILITIES

| Group |

2026 | 2025 |

£ | £ |

| Deferred tax

| Deferred tax | 2,686,215 |  | 2,610,284 |  |

| Short term timing differences | (1,128 | ) | (1,044 | ) |

2,685,087 |  | 2,609,240 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1st April 2025 | 2,609,240 |  |

| Provided during year | 75,847 |  |

| Balance at 31st March 2026 | 2,685,087 |  |

Hird Group Holdings Limited (Registered number: 10710020)

Notes to the Consolidated Financial Statements - continued

for the year ended 31st March 2026

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

|  | Value |  | £ |  | £ |  |

| 92,990 |  | Ordinary |  | £1 |  | - |  | 92,990 |  |

| 57,020 |  | A Ordinary Shares |  | £1 |  | 57,020 |  | - |  |

| 19,854 |  | B Ordinary Shares |  | £1 |  | 19,854 |  | - |  |

| 6,090 |  | C Ordinary Shares |  | £1 |  | 6,090 |  | - |  |

| 5,820 |  | D Ordinary Shares |  | £1 |  | 5,820 |  | - |  |

| 2,103 |  | E Ordinary Shares |  | £1 |  | 2,103 |  | - |  |

| 2,103 |  | F Ordinary Shares |  | £1 |  | 2,103 |  | - |  |

|  | 92,990 |  | 92.990 |  |

| On 3 February 2026 the shares were reclassified.

21. | RESERVES

| Group

| Merger |  | Capital |

| Retained |  | relief |  | redemption |

| earnings |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1st April 2025 | 7,947,460 |  | 4,538,297 |  | 7,010 |  | 12,492,767 |  |

| Profit for the year | 732,247 |  | 732,247 |  |

| Dividends | (337,143 | ) | (337,143 | ) |

| At 31st March 2026 | 8,342,564 |  | 4,538,297 |  | 7,010 |  | 12,887,871 |  |

| Company

| Merger |  | Capital |

| Retained |  | relief |  | redemption |

| earnings |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1st April 2025 | 961 |  | 4,538,297 |  | 7,010 |  | 4,546,268 |  |

| Profit for the year | 337,109 |  | 337,109 |  |

| Dividends | (337,143 | ) | (337,143 | ) |

| At 31st March 2026 | 927 |  | 4,538,297 |  | 7,010 |  | 4,546,234 |  |

| Merger relief reserve

| The merger relief reserve represents the value of merger relief arising on the share for share exchange.

| Retained earnings

| Retained earnings represents cumulative profits and losses net of dividends and other adjustments.

22. | PENSION COMMITMENTS

| The group makes payments to defined contribution schemes for it's directors and certain employees. The charge for the period amounted to £264,645 (2025 £265,531). At 31st March 2026 outstanding contributions amounted to £4,510 (2025 £4,175).

Hird Group Holdings Limited (Registered number: 10710020)

Notes to the Consolidated Financial Statements - continued

for the year ended 31st March 2026

23. | CAPITAL COMMITMENTS

2026 | 2025 |

£ | £ |

| Contracted but not provided for in the

| financial statements | 239,716 |  | - |  |

24. | RELATED PARTY DISCLOSURES

| Entities with control, or common control over the entity.

| During the period the company incurred costs of £62,100 (2025 £62,100) from Peter Hird and Sons Limited, an associated company. The amount due at 31st March 2026 was £704,051 (2025 £700,498).

| During the year, a total of key management personnel compensation of £ 496,704 (2025 - £ 613,528 ) was paid.

25. | ULTIMATE CONTROLLING PARTY

| The company was controlled by P R Hird by virtue of his majority shareholding.