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REGISTERED NUMBER: 07566611 (England and Wales)

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTOR AND |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |

| FOR |

| AYM GROUP LTD |

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Director | 4 |

| Report of the Independent Auditor | 5 |

| Consolidated Income Statement | 8 |

| Consolidated Other Comprehensive Income | 9 |

| Consolidated Statement of Financial Position | 10 |

| Company Statement of Financial Position | 11 |

| Consolidated Statement of Changes in Equity | 12 |

| Company Statement of Changes in Equity | 13 |

| Consolidated Statement of Cash Flows | 14 |

| Notes to the Consolidated Statement of Cash Flows | 15 |

| Notes to the Consolidated Financial Statements | 17 |

| AYM GROUP LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTOR: | Mr M Loizias

| SECRETARY: | Mrs D M Siddorn

| REGISTERED OFFICE: | Lakeside Park

| Medway City Estate

| Kent

| ME2 4LT

| REGISTERED NUMBER: | 07566611 (England and Wales)

| AUDITOR: | M Georghiades

| ( Senior Statutory Auditor )

| M Georghiades and Associates

| 130A Drakes Lane Potters Bar

| Hertfordshire

| EN6 1AF

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The director presents his strategic report of the company and the group for the year ended 30 September 2025.

REVIEW OF BUSINESS

The group delivered a strong trading performance in the year, reporting a consolidated profit before tax of £649,208 (2024: £139,538) on consolidated turnover of £25,440,323 (2024: £24,064,578).

The most significant strategic development of the year was the disposal of the group's scaffolding and brickwork operations. These disposals streamline the group and allow resources and management focus to be concentrated on AYM (Services) Limited, the group's principal trading subsidiary, and its core building completion and finishing activities. The results for the year include the results of the disposed operations up to the date of disposal, together with the profit arising on their sale, as set out in the financial statements.

Within AYM (Services), turnover increased by 36% to £23,993,596 (2024: £17,657,352). Growth was driven both by the group's established client base and by new work secured in the Midlands, Wales and the South West, meaning the group now operates across a large proportion of the United Kingdom. The group benefits from a strong client base with a high level of repeat business, reflecting AYM's record of consistent operational delivery. While the group continues to work for its traditional client base of large residential developers, it has also successfully diversified into other sectors including education, health and data centres, broadening its revenue base and reducing reliance on any single market.

The year was not without its challenges. In common with the wider construction industry, the group faced higher employment costs, increased material prices (the group's products being predominantly oil-based), and elevated finance costs. Delays to project start dates arising from the Building Safety Act "Gateway" approval process also affected the timing of workload. The director considers that the group has navigated these challenges successfully and has still returned a strong set of financial results.

The group also continued to reduce its indebtedness during the year. Bank loans within AYM (Services) reduced from £648,087 to £619,791, and net repayments of £1,469,502 were made against the invoice discounting facility. The director expects the group's loans to be fully repaid by the end of 2027, further strengthening the balance sheet and reducing finance costs.

PRINCIPAL RISKS AND UNCERTAINTIES

The market in which the group operates is highly competitive. The director actively manages risk across all areas of the business. The principal risks are considered to be competition risk, reputational risk and credit risk.

The group is also exposed to input cost risk, in particular labour costs and material prices linked to oil-based products, and to interest rate risk on its borrowings. The planned reduction in borrowings over the period to the end of 2027 will progressively reduce the group's exposure to interest rates. Regulatory risk, including the impact of the Building Safety Act approval process on project programmes, is managed through early engagement with clients and careful contract and programme planning.

The director has made strategic decisions in the best interests of the group and is of the opinion that the group has sufficient reserves to continue in operational existence for the foreseeable future.

KEY PERFORMANCE INDICATORS

The director considers the following to be the key performance indicators of the group:

| 2025 |  | 2024 |

£ |  | £ |  |

Turnover |  | 25,440,323 |  | 24,064,578 |

Gross Profit |  | 5,971,259 |  | 5,499,133 |

Gross Margin |  | 23.47% |  | 22.85% |

Profit before tax |  | 649,208 |  | 139,538 |

Net Assets |  | 3,545,396 |  | 3,201,197 |

KEY STRATEGY AND FUTURE DEVELOPMENTS

The group has built a strong brand and reputation by providing a first-class service on construction projects, achieved by aligning itself closely with its clients and ensuring a full understanding of their requirements. Following the disposal of the scaffolding and brickwork operations, the group's strategy is focused on the continued growth of AYM (Services) as its sole trading subsidiary.

During the year, the group increased the size of its in-house technical and design team. With this capability, AYM is now involved with clients at an early, pre-construction stage, assisting them in selecting the best and most economic products and specifications for their future projects - projects which AYM is then well placed to deliver. The director considers this early engagement to be a key differentiator and a driver of future workload.

The group's strategy is to continue to specialise in its principal activities, build on its expanded geographic coverage and sector diversification, maintain its brand and reputation for operational delivery, and manage the risk areas across the business.

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FINANCIAL POSITION

The group is in good financial health and is able to fund the expansion of the business from its own resources. Cash at bank in the trading subsidiary increased to £1,411,516 at the year end (2024: £510,343). The results for the year and the financial position at the year end were considered satisfactory by the director, who expects controlled growth and profitability to continue for the foreseeable future.

The director is confident that the group will further strengthen its financial position by building on its current portfolio of contracts and growing the business with both existing and new clients.

EMPLOYEES

The group's people remain central to its success, and during the year the group continued to invest in its staff, with a number of employees attaining Chartered status. It is the policy of the group to encourage and develop all members of staff to realise their maximum potential. Wherever possible, vacancies are filled from within the group and adequate opportunities for internal promotion are created. The Board is committed to a systematic training and development policy so that staff can make their best possible contribution to the organisation's success.

The group supports the principle of equal opportunities in employment and opposes all forms of unlawful or unfair discrimination on the grounds of race, age, nationality, religion, ethnic or national origin, sexual orientation, gender or gender reassignment, marital status or disability. It is also the policy of the group, where possible, to give sympathetic consideration to disabled persons in their applications for employment and to protect the interests of existing members of staff who are disabled.

The group has made the necessary provision for employees to work remotely and remain connected to the group intranet.

ENVIRONMENTAL POLICY

The Board acknowledges that environmental protection is one of the group's business responsibilities. It aims for continuous improvement in the group's environmental performance and compliance with all relevant regulations. The Board does not consider that this line of business has a large adverse impact upon the environment and, as a result, the group does not manage its business by reference to any environmental key performance indicators. The group seeks to maintain a high proportion of its records electronically and, of the paper it does use, over 80% is recycled.

ON BEHALF OF THE BOARD:

Mr M Loizias - Director

7 August 2026

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The director presents his report with the financial statements of the company and the group for the year ended 30 September 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of scaffold erection, roofing activities and building and construction.

DIVIDENDS

No dividends will be distributed for the year ended 30 September 2025.

DIRECTOR

Mr M Loizias held office during the whole of the period from 1 October 2024 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE

Company paid £9,525 for donations (2024: £1,526) which is made up of small donations to various causes. It did not make any political donations during the year.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditor is unaware, and he 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 auditor is aware of that information.

AUDITOR

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

ON BEHALF OF THE BOARD:

Mr M Loizias - Director

7 August 2026

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF

AYM GROUP LTD

Opinion

We have audited the financial statements of AYM Group Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 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 30 September 2025 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 Auditor 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditor 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 Director 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 Director 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 Director.

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 director's 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 AUDITOR TO THE MEMBERS OF

AYM GROUP LTD

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is 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 director determines 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 director is 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 director either intends to liquidate the group or the parent company or to cease operations, or has 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 Auditor 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 as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognize non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the group through discussions with directors and other management, and from our commercial knowledge and experience of the industry;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the group's financial statements to material misstatement, including obtaining an

understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; 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;

- reading the minutes of meetings of those charged with governance;

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

- reviewing correspondence with HMRC, relevant regulators, and the group's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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 Auditor.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF

AYM GROUP LTD

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 Auditor 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.

M Georghiades

( Senior Statutory Auditor )

M Georghiades and Associates

130A Drakes Lane Potters Bar

Hertfordshire

EN6 1AF

7 August 2026

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

CONSOLIDATED

INCOME STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

REVENUE | 3 | 25,440,323 |  | 24,064,578 |  |

Cost of sales | 19,469,064 |  | 18,565,445 |  |

GROSS PROFIT | 5,971,259 |  | 5,499,133 |  |

Administrative expenses | 5,161,829 |  | 4,876,131 |  |

809,430 |  | 623,002 |  |

Other operating income | 19,621 |  | 4,249 |  |

OPERATING PROFIT | 5 | 829,051 |  | 627,251 |  |

Profit on sale of operations | 6 | 114,617 |  | - |  |

943,668 |  | 627,251 |  |

Interest payable and similar expenses | 7 | 294,460 |  | 487,713 |  |

PROFIT BEFORE TAXATION | 649,208 |  | 139,538 |  |

Tax on profit | 8 | 304,909 |  | 62,001 |  |

PROFIT FOR THE FINANCIAL YEAR | 344,299 |  | 77,537 |  |

Profit attributable to:

Owners of the parent | 344,299 |  | 77,537 |  |

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

CONSOLIDATED

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 344,299 |  | 77,537 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 344,299 |  | 77,537 |  |

Total comprehensive income attributable to:

Owners of the parent | 344,299 |  | 77,537 |  |

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 11 | 1,955,266 |  | 3,747,005 |  |

Investments | 12 | - |  | - |  |

1,955,266 |  | 3,747,005 |  |

CURRENT ASSETS

Inventories | 13 | 235,765 |  | 956,753 |  |

Debtors | 14 | 7,320,049 |  | 7,281,029 |  |

Cash at bank and in hand | 1,914,261 |  | 738,089 |  |

9,470,075 |  | 8,975,871 |  |

CREDITORS

Amounts falling due within one year | 15 | 7,067,885 |  | 7,721,137 |  |

NET CURRENT ASSETS | 2,402,190 |  | 1,254,734 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,357,456 |  | 5,001,739 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (453,029 | ) | (971,107 | ) |

PROVISIONS FOR LIABILITIES | 20 | (359,031 | ) | (829,435 | ) |

NET ASSETS | 3,545,396 |  | 3,201,197 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 201 |  | 301 |  |

Retained earnings | 22 | 3,545,195 |  | 3,200,896 |  |

SHAREHOLDERS' FUNDS | 3,545,396 |  | 3,201,197 |  |

The financial statements were approved by the director and authorised for issue on 7 August 2026 and were signed by:

Mr M Loizias - Director

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

COMPANY STATEMENT OF FINANCIAL POSITION

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 11 | 1,651,691 |  | 362,171 |  |

Investments | 12 | 100 |  | 1,101 |  |

1,651,791 |  | 363,272 |  |

CURRENT ASSETS

Debtors | 14 | 546,101 |  | 2,598,748 |  |

Cash at bank and in hand | 502,644 |  | 25,878 |  |

1,048,745 |  | 2,624,626 |  |

CREDITORS

Amounts falling due within one year | 15 | 2,043,976 |  | 2,243,007 |  |

NET CURRENT (LIABILITIES)/ASSETS | (995,231 | ) | 381,619 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 656,560 |  | 744,891 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (83,657 | ) | (387,240 | ) |

PROVISIONS FOR LIABILITIES | 20 | (351,110 | ) | (82,725 | ) |

NET ASSETS | 221,793 |  | 274,926 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 201 |  | 201 |  |

Retained earnings | 22 | 221,592 |  | 274,725 |  |

SHAREHOLDERS' FUNDS | 221,793 |  | 274,926 |  |

Company's (loss)/profit for the financial year | (53,133 | ) | 14,042 |  |

The financial statements were approved by the director and authorised for issue on 7 August 2026 and were signed by:

Mr M Loizias - Director

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 October 2023 | 201 |  | 3,195,359 |  | 3,195,560 |  |

Changes in equity

Issue of share capital | 100 |  | - |  | 100 |  |

Dividends | - |  | (72,000 | ) | (72,000 | ) |

Total comprehensive income | - |  | 77,537 |  | 77,537 |  |

Balance at 30 September 2024 | 301 |  | 3,200,896 |  | 3,201,197 |  |

Changes in equity

Issue of share capital | (100 | ) | - |  | (100 | ) |

Total comprehensive income | - |  | 344,299 |  | 344,299 |  |

Balance at 30 September 2025 | 201 |  | 3,545,195 |  | 3,545,396 |  |

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 October 2023 | 201 |  | 332,683 |  | 332,884 |  |

Changes in equity

Dividends | - |  | (72,000 | ) | (72,000 | ) |

Total comprehensive income | - |  | 14,042 |  | 14,042 |  |

Balance at 30 September 2024 | 201 |  | 274,725 |  | 274,926 |  |

Changes in equity

Total comprehensive income | - |  | (53,133 | ) | (53,133 | ) |

Balance at 30 September 2025 | 201 |  | 221,592 |  | 221,793 |  |

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 806,731 |  | 2,109,959 |  |

Interest paid | (244,170 | ) | (346,677 | ) |

Interest element of hire purchase payments paid | (50,290 | ) | (141,036 | ) |

Tax paid | - |  | (8,885 | ) |

Net cash from operating activities | 512,271 |  | 1,613,361 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (14,540 | ) | (487,920 | ) |

Sale of tangible fixed assets | - |  | 48,612 |  |

Disposal of subsidiary | 564,146 |  | - |  |

Net cash from investing activities | 549,606 |  | (439,308 | ) |

Cash flows from financing activities

Bank Loans during the year | 500,000 |  | - |  |

Loan repayments in year | (932,454 | ) | (492,166 | ) |

Capital repayments - hire purchase | (316,695 | ) | (254,576 | ) |

Amount introduced by directors | 863,444 |  | 62,914 |  |

Amount withdrawn by directors | - |  | (342,385 | ) |

Share issue | - |  | 100 |  |

Equity dividends paid | - |  | (72,000 | ) |

Net cash from financing activities | 114,295 |  | (1,098,113 | ) |

Increase in cash and cash equivalents | 1,176,172 |  | 75,940 |  |

Cash and cash equivalents at beginning of year | 2 | 738,089 |  | 662,149 |  |

Cash and cash equivalents at end of year | 2 | 1,914,261 |  | 738,089 |  |

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit for the financial year | 344,299 |  | 77,537 |  |

| Depreciation charges | 145,681 |  | 381,253 |  |

| Loss/(profit) on disposal of fixed assets | 2,873 |  | (7,930 | ) |

| Other non-cash items | 19,806 |  | - |  |

| Loss on disposal | (114,617 | ) | - |  |

| Impairment of assets | 242,328 |  | - |  |

| Finance costs | 294,460 |  | 487,713 |  |

| Taxation | 304,909 |  | 62,001 |  |

1,239,739 |  | 1,000,574 |  |

| Decrease in inventories | 694,693 |  | 1,004,729 |  |

| Increase in trade and other debtors | (1,164,227 | ) | (1,936,007 | ) |

| Increase in trade and other creditors | 36,526 |  | 2,040,663 |  |

| Cash generated from operations | 806,731 |  | 2,109,959 |  |

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 30 September 2025

| 30.9.25 |  | 1.10.24

£ | £ |

| Cash and cash equivalents | 1,914,261 |  | 738,089 |  |

| Year ended 30 September 2024

| 30.9.24 |  | 1.10.23

£ | £ |

| Cash and cash equivalents | 738,089 |  | 662,149 |  |

3. | ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

| Other |

| Disposal of | non-cash |

| At 1.10.24 | Cash flow | subsidiary | changes | At 30.9.25

£ | £ | £ | £ | £ |

| Net cash |

| Cash at bank

| and in hand | 738,089 |  | 1,176,172 |  | - |  | 1,914,261 |  |

738,089 |  | 1,176,172 |  | - |  | 1,914,261 |  |

| Debt

| Finance leases | (1,026,855 | ) | 316,695 |  | 557,609 |  | (266,853 | ) | (419,404 | ) |

| Debts falling due

| within 1 year | (648,445 | ) | 134,336 |  | 81,818 |  | - |  | (432,291 | ) |

| Debts falling due

| after 1 year | (485,618 | ) | 298,118 |  | - |  | - |  | (187,500 | ) |

(2,160,918 | ) | 749,149 |  | 639,427 |  | (266,853 | ) | (1,039,195 | ) |

| Total | (1,42 2,829 | ) | 1,925,321 |  | 639,427 |  | (266,853 | ) | 875,066 |  |

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4. | MAJOR NON-CASH TRANSACTIONS

| During the year the group acquired motor vehicles and plant with a capital value of £348,549 under hire purchase and finance lease agreements. On the sale of LTC Scaffolding Limited, hire purchase obligations of £81,696 were novated to the purchaser and obligations of £557,609 left the group with that company. In December 2024 the company capitalised £1,775,253 of amounts owed to it by LTC Scaffolding Limited by way of an issue of shares in that company. None of these transactions gave rise to a cash flow.

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| AYM Group Ltd 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going concern

| At the time of approving the financial statements, the Director has a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the Director continues to adopt the going concern basis of accounting in preparing the financial statements.

| The director regards the foreseeable future as no less than twelve months following the publication of these annual financial statements. The director has considered the group's balance sheet position as at the year end, its working capital forecasts, taking account of possible changes in trading performance and the current state of its operating market, and is satisfied that for the foreseeable future, the group's financial position is improving and will enable the group to remain in operational existence. In addition, the director and the shareholders have agreed to provide continuing financial support as and when required to enable the group to continue in operational existence. Consequently, the director considers it to be appropriate to prepare the financial statements on the going concern basis.

| The parent company had net current liabilities of £995,231 at the year end, principally because of £1,224,947 owed to AYM (Services) Limited. AYM (Services) Limited has confirmed that it will not seek repayment of this balance for at least twelve months from the date these financial statements are approved, and the director has therefore prepared the parent company's financial statements on the going concern basis.

| Basis of consolidation

| The group financial statements consolidate the financial statements of AYM Group Limited and all its subsidiary undertakings drawn up to 30 September each year. No profit and loss account is presented for AYM Group Limited as permitted by section 408 of the Companies Act 2006.

| Subsidiaries are consolidated from the date of their acquisition, being the date on which the Group obtains control and continue to be consolidated until the date that such control ceases. Control comprises the power to govern the financial and operating policies of the investee so as to obtain benefit from its activities.

| Investment in Subsidiaries

| In the parent company financial statements investments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

| Significant judgements and estimates

| In the application of the group's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

| In preparing these financial statements the director has made the following judgements:

| Provisions

| Provisions have been made for trade debtors and inventory obsolescence and returns, where appropriate. These provisions are an estimate of the actual costs and the timing of future cash flows is dependent on future events. The difference between expectations and the actual future liability will be accounted for in the period when such determination is made.

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Turnover is reduced for customer returns and other similar allowances.

| Turnover is recognised at the point the group has transferred to the buyer the significant risks and rewards, the amount of the turnover can be measured reliably and it is probable the economic benefits associated with the transactions will flow to the company.

| Turnover related income from maintenance contracts is recognised evenly over the period of the contract.

| When the outcome of a construction contract can be estimated reliably, contract revenue and contract costs are recognised as revenue and expenses respectively by reference to the stage of completion of the contract activity at the balance sheet date. When the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred that are likely to be recoverable. When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

| Contract revenue comprises the initial amount of revenue agreed in the contract and variations in the contract work and claims that can be measured reliably. A variation or a claim is recognised as contract revenue when it is probable that the customer will approve the variation or negotiations have reached an advanced stage such that it is probable that the customer will accept the claim.

| The stage of completion is measured by reference to the ratio of contract costs incurred to date to the estimated total costs for the contract. Costs incurred during the financial year in connection with future activity on a contract are excluded from the costs incurred to date when determining the stage of completion of a contract. Such costs are shown as construction contract work-in-progress on the balance sheet unless it is not probable that such contract costs are recoverable from the customers, in which case, such costs are recognised as an expense immediately.

| At the balance sheet date, the cumulative costs incurred plus recognised profit (less recognised loss) on each contract is compared against the progress billings. Where the cumulative costs incurred plus the recognised profits (less recognised losses) exceed progress billings, the balance is presented as due from customers on construction contracts within "Gross amounts recoverable on contract customers". Where progress billings exceed the cumulative costs incurred plus recognised profits (less recognised losses), the balance is presented as due to customers on construction contracts within "Payments on account".

| Progress billings not yet paid by customers and retentions by customers are included within "Amount recoverable on contract". Advances received are included within "Payments on account".

| Tangible fixed assets

| Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

| Plant and machinery 15% - 25% straight line

| Fixtures and fittings 33% straight line

| Motor vehicles 15% straight line

| Website development 33% straight line

| The company has a policy not to depreciate in the year fixed assets are bought and depreciate it full year in the year assets are sold.

| Stocks

| Stock is valued at lower of cost and net realisable value. A source of estimation uncertainty surrounds the net realisable value of the stock and as to whether or not there is an indication of impairment. To address this, management review both historic and post year end sales of all stock lines compared to quantity of stock held and use this to form the basis for any impairment. In order to establish an appropriate cost of the stock, the cumulative value of the last purchase price, the cost of duty, commission and shipping are taken into account. These costs are re-assessed on an annual basis.

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

| Hire purchase and leasing commitments

| Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

| The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

| Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

| Pension costs and other post-retirement benefits

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

| Cash and cash equivalents

| Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

| Financial instruments

| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

| Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

| Short term debtors and creditors

| Short term 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 profit and loss under other operating expenses.

| The carrying value of all financial assets and liabilities are measured at amortised cost.

| Trade debtors are subject to factoring. If the risk of non-payment is fully transferred to the factor (without recourse), the receivables are derecognised from the balance sheet, and any resulting gain or loss is recognised in profit or loss. If the company retains the risk (with recourse), the receivables remain on the balance sheet, and the cash received is recognised as a liability. Factoring costs are recognised in profit or loss as incurred.

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | REVENUE

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

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

| 2025 |  | 2024

£ | £ |

| Scaffolding | 1,446,727 |  | 6,224,658 |  |

| Brickwork | - |  | 207,970 |  |

| Building completion | 23,993,596 |  | 17,631,950 |  |

25,440,323 |  | 24,064,578 |  |

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

| 2025 |  | 2024

£ | £ |

| United Kingdom | 25,440,323 |  | 24,064,578 |  |

25,440,323 |  | 24,064,578 |  |

| Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 3,131,964 |  | 2,725,261 |  |

| Social security costs | 121,294 |  | 120,786 |  |

| Other pension costs | 125,700 |  | 118,979 |  |

3,378,958 |  | 2,965,026 |  |

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

| 2025 |  | 2024

| Sales | 69 |  | 11 |  |

| Administrative | 36 |  | 79 |  |

105 |  | 90 |  |

| 2025 |  | 2024

£ | £ |

| Director's remuneration | 10,680 |  | 10,368 |  |

5. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | 178,413 |  | 731,275 |  |

| Other operating leases | 108,732 |  | 94,738 |  |

| Depreciation - owned assets | 74,692 |  | 279,682 |  |

| Depreciation - assets on hire purchase contracts | 70,989 |  | 125,573 |  |

| Loss/(profit) on disposal of fixed assets | 2,873 |  | (7,930 | ) |

| Auditors' remuneration | 22,450 |  | 51,928 |  |

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

6. | EXCEPTIONAL ITEMS

| 2025 |  | 2024

£ | £ |

| Profit on sale of operations | 114,617 |  | - |  |

| DISPOSAL OF SUBSIDIARY UNDERTAKINGS

| On 8 January 2025 the company sold its entire holding of 1,775,254 ordinary shares in LTC Scaffolding Limited to D&B Scaffolding (Design) Limited. On 27 May 2025 it sold its entire holding of 1,000 ordinary shares in Harvil Brickwork Limited to Statom Holdings Limited, RJB Invest Holdings Ltd and WSK Holdings Ltd.

| The net assets disposed of and the gain arising were as follows:

|  | LTC Scaffolding Limited |  | Harvil Brickwork Limited |  | Total

| £ |  | £ |  | £ |

| Property, plant and equipment |  | 1,767,764 |  | - |  | 1,767,764

| Work in progress |  | 26,295 |  | - |  | 26,295

| Debtors |  | 1,077,753 |  | 46,900 |  | 1,124,653

| Cash at bank and in hand |  | 123,454 |  | 96 |  | 123,550

| Creditors: amounts falling due within one year |  | (726,407 | ) | (4,000 | ) | (730,407

| Hire purchase contracts |  | (557,609 | ) | - |  | (557,609

| Deferred tax |  | (745,748 | ) | (642 | ) | (746,390

| Net assets disposed of |  | 965,502 |  | 42,354 |  | 1,007,856

| Consideration and amounts credited on disposal |  | 1,187,910 |  | 48,899 |  | 1,236,809

| Costs of disposal |  | (114,336 | ) | - |  | (114,336

| Gain on disposal |  | 108,072 |  | 6,545 |  | 114,617

| The consideration for LTC Scaffolding Limited comprised:

| £ |  |

| Amount receivable from purchaser |  | 952,861 |  |

| Hire purchase liabilities novated to the purchaser |  | 81,696 |  |

| Hire purchase settlements recharged to the purchaser |  | 32,628 |  |

| Settlement adjustments arising on completion |  | 120,725 |  |

| Consideration and amounts credited on disposal |  | 1,187,910 |  |

| Of the amount receivable from purchaser, £802,824 had been received by 30 September 2025. The balance of £150,037 is included within other debtors and was received subsequent to year-end. Consideration for Harvil Brickwork Limited of £48,899 was settled in full

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Invoice discounting interest | 71,324 |  | 74,986 |  |

| Bank interest | 172,928 |  | 265,039 |  |

| Interest on overdue tax | (82 | ) | 6,652 |  |

| Hire purchase | 50,290 |  | 141,036 |  |

294,460 |  | 487,713 |  |

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

8. | TAXATION

| Analysis of the tax charge

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

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 28,923 |  | - |  |

| Corporation tax - PY Adj. | - |  | 8,885 |  |

| Total current tax | 28,923 |  | 8,885 |  |

| Deferred tax | 275,986 |  | 53,116 |  |

| Tax on profit | 304,909 |  | 62,001 |  |

| 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:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 649,208 |  | 139,538 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 162,302 |  | 34,885 |  |

| Effects of:

| Expenses not deductible for tax purposes | 285,196 |  | 8,203 |  |

| Capital allowances in excess of depreciation | (285,390 | ) | - |  |

| Depreciation in excess of capital allowances | - |  | 16,311 |  |

| Utilisation of tax losses | - |  | 142,776 |  |

| Deferred tax | 275,986 |  | 62,001 |  |

| Profit on disposal of assets | - |  | (1,983 | ) |

| Tax losses carried forward | - |  | (200,192 | ) |

| Other adjustments | (133,185 | ) | - |  |

| Total tax charge | 304,909 |  | 62,001 |  |

9. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

| The loss after tax of AYM Group Limited for the year ended 30 September 2025 was £53,133 (2024: £14,042 Profit).

10. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each

| Final | - |  | 72,000 |  |

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

11. | PROPERTY, PLANT AND EQUIPMENT

| Group

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 October 2024 | 4,997,032 |  | 15,357 |  | 921,231 |  | 12,525 |  | 5,946,145 |  |

| Additions | 1,499,449 |  | - |  | 310,372 |  | - |  | 1,809,821 |  |

| Disposals | (4,418,633 | ) | (2,287 | ) | (728,265 | ) | - |  | (5,149,185 | ) |

| Impairments | (365,900 | ) | - |  | - |  | - |  | (365,900 | ) |

| At 30 September 2025 | 1,711,948 |  | 13,070 |  | 503,338 |  | 12,525 |  | 2,240,881 |  |

| DEPRECIATION

| At 1 October 2024 | 1,782,485 |  | 14,428 |  | 392,638 |  | 9,589 |  | 2,199,140 |  |

| Charge for year | 85,878 |  | 309 |  | 57,364 |  | 2,130 |  | 145,681 |  |

| Eliminated on disposal | (1,569,382 | ) | (2,287 | ) | (363,965 | ) | - |  | (1,935,634 | ) |

| Impairments | (123,572 | ) | - |  | - |  | - |  | (123,572 | ) |

| At 30 September 2025 | 175,409 |  | 12,450 |  | 86,037 |  | 11,719 |  | 285,615 |  |

| NET BOOK VALUE

| At 30 September 2025 | 1,536,539 |  | 620 |  | 417,301 |  | 806 |  | 1,955,266 |  |

| At 30 September 2024 | 3,214,547 |  | 929 |  | 528,593 |  | 2,936 |  | 3,747,005 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024 | 193,680 |  | 883,016 |  | 1,076,696 |  |

| Additions | - |  | 310,372 |  | 310,372 |  |

| Disposals | - |  | (690,050 | ) | (690,050 | ) |

| Impairments | (90,000 | ) | - |  | (90,000 | ) |

| At 30 September 2025 | 103,680 |  | 503,338 |  | 607,018 |  |

| DEPRECIATION

| At 1 October 2024 | 140,299 |  | 357,571 |  | 497,870 |  |

| Charge for year | 14,098 |  | 56,891 |  | 70,989 |  |

| Eliminated on disposal | - |  | (328,424 | ) | (328,424 | ) |

| Impairments | (54,597 | ) | - |  | (54,597 | ) |

| At 30 September 2025 | 99,800 |  | 86,038 |  | 185,838 |  |

| NET BOOK VALUE

| At 30 September 2025 | 3,880 |  | 417,300 |  | 421,180 |  |

| At 30 September 2024 | 53,381 |  | 525,445 |  | 578,826 |  |

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

11. | PROPERTY, PLANT AND EQUIPMENT - continued

| Company

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 October 2024 | 365,900 |  | 15,357 |  | 181,536 |  | 12,525 |  | 575,318 |  |

| Additions | 1,446,732 |  | - |  | 110,603 |  | - |  | 1,557,335 |  |

| Disposals | - |  | (2,287 | ) | (38,215 | ) | - |  | (40,502 | ) |

| Impairments | (365,900 | ) | - |  | - |  | - |  | (365,900 | ) |

| At 30 September 2025 | 1,446,732 |  | 13,070 |  | 253,924 |  | 12,525 |  | 1,726,251 |  |

| DEPRECIATION

| At 1 October 2024 | 120,071 |  | 14,428 |  | 69,059 |  | 9,589 |  | 213,147 |  |

| Charge for year | 3,501 |  | 309 |  | 16,873 |  | 2,130 |  | 22,813 |  |

| Eliminated on disposal | - |  | (2,287 | ) | (35,541 | ) | - |  | (37,828 | ) |

| Impairments | (123,572 | ) | - |  | - |  | - |  | (123,572 | ) |

| At 30 September 2025 | - |  | 12,450 |  | 50,391 |  | 11,719 |  | 74,560 |  |

| NET BOOK VALUE

| At 30 September 2025 | 1,446,732 |  | 620 |  | 203,533 |  | 806 |  | 1,651,691 |  |

| At 30 September 2024 | 245,829 |  | 929 |  | 112,477 |  | 2,936 |  | 362,171 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024 | 90,000 |  | 143,321 |  | 233,321 |  |

| Additions | - |  | 110,603 |  | 110,603 |  |

| Impairments | (90,000 | ) | - |  | (90,000 | ) |

| At 30 September 2025 | - |  | 253,924 |  | 253,924 |  |

| DEPRECIATION

| At 1 October 2024 | 51,096 |  | 33,991 |  | 85,087 |  |

| Charge for year | 3,501 |  | 16,400 |  | 19,901 |  |

| Impairments | (54,597 | ) | - |  | (54,597 | ) |

| At 30 September 2025 | - |  | 50,391 |  | 50,391 |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  | 203,533 |  | 203,533 |  |

| At 30 September 2024 | 38,904 |  | 109,330 |  | 148,234 |  |

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

12. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 October 2024 | 1,101 |  |

| Additions | 1,775,253 |  |

| Disposals | (1,776,254 | ) |

| At 30 September 2025 | 100 |  |

| NET BOOK VALUE

| At 30 September 2025 | 100 |  |

| At 30 September 2024 | 1,101 |  |

| The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

| Subsidiaries

| AYM (Services) Limited

| Registered office: United Kingdom

| Nature of business: Building and construction

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 2,945,239 |  | 3,077,909 |  |

| Profit for the year | 567,330 |  | 648,738 |  |

| AYM Major Projects Ltd

| Registered office: United Kingdom

| Nature of business: Building and construction

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 100 |  | 100 |  |

13. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Stocks | 85,665 |  | 103,164 |  |

| Work-in-progress | 150,100 |  | 853,589 |  |

235,765 |  | 956,753 |  |

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade debtors | 5,978,930 |  | 6,427,076 |  | 21,588 |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | - |  | 2,408,207 |  |

| Other debtors | 1,093,913 |  | 230,328 |  | 517,396 |  | 34,521 |  |

| Directors' loan accounts | - |  | 342,385 |  | - |  | 147,438 |  |

| VAT | 178,534 |  | 261,502 |  | 7,117 |  | 8,582 |  |

| Prepayments | 68,672 |  | 19,738 |  | - |  | - |  |

7,320,049 |  | 7,281,029 |  | 546,101 |  | 2,598,748 |  |

| The trade debtors balance includes £3,918,226 (2024: £557,447) which is subject to an invoice discounting arrangement with recourse. During the year the group's facility with Aldermore was repaid and replaced by a facility with Bibby Financial Services Ltd.

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 17) | 432,291 |  | 648,445 |  | - |  | 95,953 |  |

| Hire purchase contracts (see note 18) | 153,875 |  | 541,366 |  | 28,003 |  | 63,592 |  |

| Trade creditors | 3,350,835 |  | 3,375,733 |  | 41,915 |  | 58,729 |  |

| Amounts owed to group undertakings | - |  | - |  | 1,224,947 |  | 1,983,215 |  |

| Tax | 28,923 |  | - |  | - |  | - |  |

| Social security and other taxes | 130,446 |  | 181,830 |  | 20,690 |  | 18,652 |  |

| Other creditors | 1,163,904 |  | 2,329,278 |  | 4,687 |  | 16,866 |  |

| Directors' current accounts | 521,059 |  | - |  | 521,059 |  | - |  |

| Accrued expenses | 1,286,552 |  | 644,485 |  | 202,675 |  | 6,000 |  |

7,067,885 |  | 7,721,137 |  | 2,043,976 |  | 2,243,007 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans (see note 17) | 187,500 |  | 485,618 |  | - |  | 286,235 |  |

| Hire purchase contracts (see note 18) | 265,529 |  | 485,489 |  | 83,657 |  | 101,005 |  |

453,029 |  | 971,107 |  | 83,657 |  | 387,240 |  |

| The bank loans are secured by a fixed and floating charge over the assets of the company.

17. | LOANS

| An analysis of the maturity of loans is given below:

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Amounts falling due within one year or on | demand: |

| Bank loans | 432,291 |  | 648,445 |  | - |  | 95,953 |  |

| Amounts falling due between two and five | years: |

| Bank loans - 2-5 years | 187,500 |  | 485,618 |  | - |  | 286,235 |  |

| The bank loans are secured by a fixed and floating charge over the assets of the company.

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Gross obligations repayable:

| Within one year | 180,086 |  | 568,113 |  |

| Between one and five years | 302,707 |  | 512,250 |  |

482,793 |  | 1,080,363 |  |

| Finance charges repayable:

| Within one year | 26,211 |  | 26,747 |  |

| Between one and five years | 37,178 |  | 26,761 |  |

63,389 |  | 53,508 |  |

| Net obligations repayable:

| Within one year | 153,875 |  | 541,366 |  |

| Between one and five years | 265,529 |  | 485,489 |  |

419,404 |  | 1,026,855 |  |

| Company

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 28,003 |  | 63,592 |  |

| Between one and five years | 83,657 |  | 101,005 |  |

111,660 |  | 164,597 |  |

19. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans | 619,791 |  | 1,134,063 |  | - |  | 382,188 |  |

| Hire purchase contracts | 419,404 |  | - |  | - |  | - |  |

1,039,195 |  | 1,134,063 |  | - |  | 382,188 |  |

| Bank loans are secured by way of a fixed and floating charges over the assets of the group. Hire purchase liabilities are secured on the assets to which they relate.

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

20. | PROVISIONS FOR LIABILITIES

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Deferred tax

| Accelerated capital allowances | 7,921 |  | 746,710 |  | - |  | - |  |

| Deferred tax | 351,110 |  | 82,725 |  | 351,110 |  | 82,725 |  |

359,031 |  | 829,435 |  | 351,110 |  | 82,725 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 829,435 |  |

| Provided during year | 275,986 |  |

| Disposal of subsidiaries | (746,390 | ) |

| Balance at 30 September 2025 | 359,031 |  |

| Company

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 82,725 |  |

| Provided during year | 268,385 |  |

| Balance at 30 September 2025 | 351,110 |  |

21. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 201 | Ordinary | £1 | 201 |  | 301 |  |

22. | RESERVES

| Group

| Retained

| earnings

£ |

| At 1 October 2024 | 3,200,896 |  |

| Profit for the year | 344,299 |  |

| At 30 September 2025 | 3,545,195 |  |

| Company

| Retained

| earnings

£ |

| At 1 October 2024 | 274,725 |  |

| Deficit for the year | (53,133 | ) |

| At 30 September 2025 | 221,592 |  |

| AYM GROUP LTD (REGISTERED NUMBER: 07566611) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

23. | 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.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

| Included in creditors, amounts falling due within one year, is an amount of £521,059 owed to the director. In the prior year, included in debtors, amounts falling due within one year, was an amount of £342,385 owed by the director. Interest of £nil (2024: £4,249) has been charged by the group in respect of this amount.

| During the year, the company advanced an unsecured, interest-free loan of £356,902 to YAL Investments Limited, a company controlled by the son of the company's director and a shareholder in the company. The loan has no fixed repayment date. At the reporting date, the amount outstanding was £356,902 (2024: £nil). The director has assessed the recoverability of the loan at the reporting date. No expected credit loss has been recognised as the balance to be fully recoverable.

24. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr M Loizias by virtue of his 65% shareholding in the company.

25. | CONTINGENT LIABILITIES

| Under the agreement for the sale of LTC Scaffolding Limited the purchaser was entitled, within twelve months of completion, to review the actual value of that company's assets. If the actual value was found to be more than 20 per cent below the agreed value of £1,500,000, the company would be required to repay the shortfall. The review period ended on 8 January 2026, No notice has been received and the director does not consider any liability will arise.

26. | SUBSEQUENT EVENTS

| No significant events have occurred between the reporting date, 30 September 2025, and the date the financial statements were authorised for issue that would require adjustment to or disclosure in the financial statements.