| Bastion Risk Partners Limited |
| Company No. 14434564 |
| Information for Filing with The Registrar |
| 31 December 2025 |

Bastion Risk Partners Limited Directors Report Registrar |  |

The Directors present their report and the accounts for the year ended 31 December 2025.
Principal activities |  |  |  |  |
The principal activity of the company during the year under review was Insurance agents and brokers.
Directors |  |  |  |  |
The Directors who served at any time during the year were as follows:
S. C.Fraser |  |  |  |  |
J.Michalowski - Cummings |  |  |  |  |
J. W.R.Pridmore |  |  |  |  |
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board |  |  |  |
J.Michalowski - Cummings |  |  |  |  |  |
Director |  |  |  |  |  |
11 June 2026 |  |  |  |  |  |

Bastion Risk Partners Limited Balance Sheet Registrar |  |

at | 31 December 2025 |  |  |  |  |  |  |
Company No. | 14434564 |  |  | Notes | 2025 |  |  |  | 2024
|  |  |  |  |  | £ |  |  |  | £
Fixed assets |  |  |  |  |  |  |
| Intangible assets |  | 5 | 3,570 |  |  |  | -
| Tangible assets |  | 6 | 918 |  |  |  | 542
|  |  |  |  |  | 4,488 |  |  |  | 542
Current assets |  |  |  |  |  |  |
| Debtors |  | 7 | 326,996 |  |  |  | 192,183
| Investments |  | 8 | - |  |  |  | -
| Cash at bank and in hand |  |  | 33,252 |  |  |  | 11,062
|  |  |  |  |  | 360,248 |  |  |  | 203,245
Creditors: Amount falling due within one year | 8 | (340,092) |  |  |  | (178,602)
Net current assets |  |  | 20,156 |  |  |  | 24,643
Total assets less current liabilities |  |  | 24,644 |  |  |  | 25,185
Provisions for liabilities |  |  |  |  |  |  |
| Deferred taxation |  | 9 | (229) |  |  |  | (103)
Net assets |  |  | 24,415 |  |  |  | 25,082
Capital and reserves |  |  |  |  |  |  |
| Called up share capital |  |  | 1,000 |  |  |  | 1,000
| Profit and loss account |  | 11 | 23,415 |  |  |  | 24,082
Total equity |  |  | 24,415 |  |  |  | 25,082
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 11 June 2026 and signed on its behalf by: |  |  |  |  |  |
J.Michalowski - Cummings |  |  |  |  |  |  |
Director |  |  |  |  |  |  |
11 June 2026 |  |  |  |  |  |  |  |

Bastion Risk Partners Limited Notes to the Accounts Registrar |  |

for the year ended 31 December 2025 |  |  |  |  |  |  |  |

1 | General information |  |
| Bastion Risk Partners Limited is a private company limited by shares and incorporated in England and Wales.
| Its registered number is: 14434564 |  |  |  |  |  |
| Its registered office is: |  |  |  |  |  |
| Room 797 Gallery 7 |  |  |  |  |  |
| One Lime Street |  |  |  |  |  |
| London |  |  |  |  |  |
| Greater London |  |  |  |  |  |
| EC3M 7HA |  |  |  |  |  |
| The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2 | Accounting policies |  |  |  |  |  |  |  |

| Revenue recognition |  |
| Turnover is derived from commission receivable from insurance activities of the business. Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer cancellations, rebates and other similar allowances. Revenue from contracts for the provision of professional services is recognised when the contract is accepted by the insurers.

| Intangible fixed assets |  |  |  |  |  |  |  |
| Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

| Tangible fixed assets and depreciation |  |  |  |  |  |  |  |
| Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. 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.
| Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
|  | Furniture, fittings and equipment |  | 33.33% Straight line |  |  |  |  |  |

| Taxation |  |  |  |  |  |  |  |
| Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

| Trade and other debtors |  |  |  |  |  |  |  |
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

| Trade and other creditors |  |  |  |  |  |  |  |
| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Foreign currencies |  |  |  |  |  |  |  |
| The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
| Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

| Employee benefits |  |  |  |  |  |  |  |
| Defined contribution pensions
| The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

| Provisions |  |  |  |  |  |  |  |
| Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

3 | Employees |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | Number |  |  |  | Number
| The average monthly number of employees (including directors) during the year was: |  | 1 |  |  |  | 1

4 | Taxation
|  | (a) Tax on profit on ordinary activities |  |  |  | 2025 |  |  |  | 2024
|  | The tax charge is made up as follows: |  |  |  | £ |  |  |  | £
|  | UK corporation tax |  |  |  |  |  |  |  |
|  | Charge for the period |  |  |  | 2,950 |  |  |  | 8,492
|  | Total corporation tax |  |  |  | 2,950 |  |  |  | 8,492
|  | Origination and reversal of timing differences |  |  |  | 126 |  |  |  | (77)
|  | Total deferred tax |  |  |  | 126 |  |  |  | (77)
|  | Tax on profit on ordinary activities |  |  |  | 3,076 |  |  |  | 8,415
|  | (b) Factors affecting the total tax charge for the period |  |  |  |  |  |
|  | The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
|  | Higher |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  | 2474 |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Profit on ordinary activities before tax |  |  |  | 2,409 |  |  |  | 128,189
|  | Standard rate of corporation tax in the United Kingdom |  | 25% |  |  |  | 25%
|  | Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom |  | 602 |  |  |  | 32,047
|  | Expenses not deductible for tax purposes |  | 2,474 |  |  |  | (23,632)
|  | Tax on profit on ordinary activities |  |  |  | 3,076 |  |  |  | 8,415

5 | Intangible fixed assets |  |  |  |  |  |  |  |
|  |  |  |  |  | Goodwill |  | Patents and trade-marks |  | Development costs |  | Other |  | Total
|  |  |  |  |  | £ |  | £ |  | £ |  | £ |  | £
|  | Cost |  |  |  |  |  |  |  |  |  |  |  |
|  | Additions |  | - |  | - |  | - |  | 4,200 |  | 4,200
|  | At 31 December 2025 |  | - |  | - |  | - |  | 4,200 |  | 4,200
|  | Amortisation and impairment |  |  |  |  |  |  |  |  |  |
|  | Charge for the year |  | - |  | - |  | - |  | 630 |  | 630
|  | At 31 December 2025 |  | - |  | - |  | - |  | 630 |  | 630
|  | Net book values |  |  |  |  |  |  |  |  |  |
|  | At 31 December 2025 |  | - |  | - |  | - |  | 3,570 |  | 3,570

6 | Tangible fixed assets |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Land and buildings |  | Plant and machinery |  | Motor vehicles |  | Fixtures, fittings and equipment |  | Total
|  |  |  |  |  | £ |  | £ |  | £ |  | £ |  | £
|  | Cost or revaluation |  |  |  |  |  |  |  |  |  |
|  | At 1 January 2025 |  | - |  | - |  | - |  | 1,218 |  | 1,218
|  | Additions |  | - |  | - |  | - |  | 880 |  | 880
|  | At 31 December 2025 |  | - |  | - |  | - |  | 2,098 |  | 2,098
|  | Depreciation |  |  |  |  |  |  |  |  |  |
|  | At 1 January 2025 |  | - |  | - |  | - |  | 676 |  | 676
|  | Charge for the year |  | - |  | - |  | - |  | 504 |  | 504
|  | At 31 December 2025 |  | - |  | - |  | - |  | 1,180 |  | 1,180
|  | Net book values |  |  |  |  |  |  |  |  |  |
|  | At 31 December 2025 |  | - |  | - |  | - |  | 918 |  | 918
|  | At 31 December 2024 |  | - |  | - |  | - |  | 542 |  | 542

7 | Debtors |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Trade debtors |  |  |  | 319,375 |  |  |  | 176,409
|  | Other debtors |  |  |  | 256 |  |  |  | 256
|  | Prepayments and accrued income |  |  |  | 7,365 |  |  |  | 15,518
|  |  |  |  |  |  |  |  |  | 326,996 |  |  |  | 192,183

8 | Creditors: |  |  |  |  |  |  |  |
|  | amounts falling due within one year |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Trade creditors |  |  |  | 19,449 |  |  |  | 3,538
|  | Amounts owed to group undertakings |  |  |  | 156,999 |  |  |  | 156,999
|  | Taxes and social security |  |  |  | 20,161 |  |  |  | 15,877
|  | Other creditors |  |  |  | 10,938 |  |  |  | 2,188
|  | Accruals and deferred income |  |  |  | 132,545 |  |  |  | -
|  |  |  |  |  |  |  |  |  | 340,092 |  |  |  | 178,602

9 | Deferred taxation
|  |  |  |  |  |  |  |  |  | Accelerated Capital Allowances, Losses and Other Timing Differences |  |  |  | Total
|  |  |  |  |  |  |  |  |  | £ |  | £ |  | £
|  | At 1 January 2025 |  | 103 |  | - |  | 103
|  | Charge to the profit and loss account for the period |  | 126 |  |  |  | 126
|  | At 31 December 2025 |  | 229 |  | - |  | 229
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Accelerated capital allowances |  | 229 |  |  |  | 103
|  |  |  |  |  |  |  |  |  | 229 |  |  |  | 103

10 | Share Capital |  |  |  |  |  |  |  |
|  | Share Capital consists of 1000 Ordinary £1 shares, allocated, called up and fully paid

11 | Reserves |  |  |  |  |  |  |  |
|  | Profit and loss account - includes all current and prior period retained profits and losses.

12 | Related party disclosures |  |  |  |  |  |  |  |
|  | Transactions with related parties |  |  |  |
|  | The company has an inter group loan amounting to £156999 from Frontier Global UW Limited which is repayable on demand
|  | Parent Company |  |  |  |  |  |  |  |  |  |
|  | The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:
|  | BKAI Frontier Principals LLC |  |  |  |
|  | The parent's registered office address is: |  |  |  |
|  | 709b Suitre 821 |  |  |  |  |  |  |  |
|  | W Rusk Street |  |  |  |  |  |  |  |
|  | Rockwell |  |  |  |  |  |  |  |
|  | Texas |  |  |  |  |  |  |  |
|  | United States |  |  |  |  |  |  |  |

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