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REGISTERED NUMBER: 00608721 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Payne Bros UK Ltd

| Payne Bros UK Ltd (Registered number: 00608721) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Abridged Balance Sheet | 3 |

Notes to the Financial Statements | 4 |

| Payne Bros UK Ltd |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | Mr D W Payne

| Mr D S L Payne

| REGISTERED OFFICE: | Bellarmine House

| 14 Upper Church Street

| Chepstow

| Monmouthshire

| NP16 5EX

| REGISTERED NUMBER: | 00608721 (England and Wales)

| ACCOUNTANTS: | Macario Lewin

| Chartered Accountants

| Bellarmine House

| 14 Upper Church Street

| Chepstow

| Monmouthshire

| NP16 5EX

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Payne Bros UK Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Payne Bros UK Ltd for the year ended 31 December 2025 which comprise the Profit and Loss Account, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Payne Bros UK Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Payne Bros UK Ltd and state those matters that we have agreed to state to the Board of Directors of Payne Bros UK Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Payne Bros UK Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Payne Bros UK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Payne Bros UK Ltd. You consider that Payne Bros UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Payne Bros UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Macario Lewin

Chartered Accountants

Bellarmine House

14 Upper Church Street

Chepstow

Monmouthshire

NP16 5EX

10 August 2026

| Payne Bros UK Ltd (Registered number: 00608721) |

Abridged Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 837 |  | 29,437 |  |

837 |  | 29,437 |  |

CURRENT ASSETS

Stocks | 73,867 |  | 291,585 |  |

Debtors | 2,633 |  | 26,903 |  |

Cash at bank | 2,188 |  | 21,364 |  |

78,688 |  | 339,852 |  |

CREDITORS

Amounts falling due within one year | 55,144 |  | 91,598 |  |

NET CURRENT ASSETS | 23,544 |  | 248,254 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 24,381 |  | 277,691 |  |

CREDITORS

Amounts falling due after more than one year | 981,978 |  | 911,978 |  |

NET LIABILITIES | (957,597 | ) | (634,287 | ) |

CAPITAL AND RESERVES

Called up share capital | 206 |  | 206 |  |

Retained earnings | (957,803 | ) | (634,493 | ) |

SHAREHOLDERS' FUNDS | (957,597 | ) | (634,287 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2026 and were signed on its behalf by:

Mr D W Payne - Director

| Payne Bros UK Ltd (Registered number: 00608721) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Payne Bros UK 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 Company 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the goods are physically delivered to the customer.

| Goodwill

| Goodwill is amortised at a rate calculated to write off the asset on a straight line basis over the estimated useful economic life. Impairment of goodwill is reviewed annually for circumstances which indicate that the carrying value may not be fully recoverable. If the recoverable amount is estimated to be less than its carrying amount, the carrying amount is reduced to its recoverable amount and the impairments loss recognised as an expense immediately.

| Tangible fixed assets

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

| Land and buildings | - | 2% on cost

| Plant and machinery etc | - | 25% on reducing balance and 15% on reducing balance

| No depreciation is provided on freehold land.

| At each Balance Sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount is reduced to its recoverable amount and the impairment loss recognised as an expense immediately.

| Stocks

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| Payne Bros UK Ltd (Registered number: 00608721) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 5 ) .

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 42,400 |  |

| AMORTISATION

| At 1 January 2025

| and 31 December 2025 | 42,400 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 January 2025 | 230,119 |  |

| Disposals | (215,249 | ) |

| At 31 December 2025 | 14,870 |  |

| DEPRECIATION

| At 1 January 2025 | 200,682 |  |

| Charge for year | 279 |  |

| Eliminated on disposal | (186,928 | ) |

| At 31 December 2025 | 14,033 |  |

| NET BOOK VALUE

| At 31 December 2025 | 837 |  |

| At 31 December 2024 | 29,437 |  |

6. | RELATED PARTY DISCLOSURES

| Included in creditors, amounts falling due after more than one year, is a loan of £981,978 (2024 - £911,978) owed to one of the directors. The loan is unsecured, interest fee and repayable on demand.

7. | GOING CONCERN

| After making enquiries, the directors acknowledge that their support as shareholders is required to get the business through the coronavirus pandemic and return to profit. The directors have a reasonable expectation that the company has adequate support and financial resources available to continue in operational existence for the foreseeable future and the going concern basis is appropriate.