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REGISTERED NUMBER: 10006957 (England and Wales)

Strategic Report, Report of the Director and

Financial Statements for the Year Ended 30 November 2025

for

Live Manage Facilitate Limited

| Live Manage Facilitate Limited (Registered number: 10006957) |

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Director | 4 |

| Report of the Independent Auditors | 6 |

| Income Statement | 9 |

| Other Comprehensive Income | 10 |

| Balance Sheet | 11 |

| Statement of Changes in Equity | 12 |

| Cash Flow Statement | 13 |

| Notes to the Cash Flow Statement | 14 |

| Notes to the Financial Statements | 15 |

| Live Manage Facilitate Limited |

Company Information

for the Year Ended 30 November 2025

| DIRECTOR: | Mrs L M Foran

| REGISTERED OFFICE: | 210 Price Street

| Birkenhead

| Wirral

| CH41 3PS

| REGISTERED NUMBER: | 10006957 (England and Wales)

| AUDITORS: | Douglas Fairless Partnership

| Chartered Certified Accountants

| and Statutory Auditors

| Seymour Chambers

| 92 London Road

| Liverpool

| Merseyside

| L3 5NW

| Live Manage Facilitate Limited (Registered number: 10006957) |

Strategic Report

for the Year Ended 30 November 2025

The director presents her strategic report for the year ended 30 November 2025.

REVIEW OF BUSINESS

The company's principal activity during the year continued to be the installation of Energy Efficiency Measures and Renewable Technologies.

Over the past year, the company has experienced continued growth, building on previous years successes. The installation of Energy Efficiency Measures and Renewable Technologies remained a significant area of expansion until the unexpected announcement by the Chancellor in the Autumn 2025 budget that the ECO4 scheme would immediately be closed. This announcement was totally unexpected for ourselves and our entire industry. The expectation was that the ECO4 scheme would be extended before being replaced by the ECO5 scheme. The positive outcome of the chancellors announcement was that of the introduction of the £15 billion Warmer Homes Grants scheme which will replace the ECO schemes and will provide us with income streams in future years once the schemes full details are released.

Prior to this announcement the business had been enjoying a strong trading year, with turnover up by 13.38% and gross margins remaining consistent with the previous year at 28%. Inflationary increases in overheads and our commitment to providing competitive remuneration packages for our valued employees meant that EBITDA dropped from £8.1 million to £6.73 million, but at a 11.78% return on turnover this remains a successful year.

The company's objectives remains unchanged : to tackle fuel poverty for individuals and work with our local authority partners in achieving their net-zero obligations. We will continue to work towards meeting these objectives, by deploying our expertise and resources.

Key Financial Performance Indicators

| 2025 |  | 2024 |

Turnover |  | £57,164,669 |  | £50,418,186 |

Gross Profit % |  | 27.67% |  | 29.08% |

EBITDA |  | £6,729,798 |  | £8,111,545 |

EBITDA% |  | 11.78% |  | 16.09% |

Following the announcement of the closure of the ECO 4 scheme by the Chancellor in November, management performed an immediate strategic and operational review of the business. The outcome of this review was that the business was restructured and unfortunately we had to make a number of our valued employees redundant. The key focus following the review of the business was to ensure that we converted as much of the ECO 4 work that we had started into cash. Additional costs were incurred to ensure that we achieved delivery on as many jobs as possible before that deadlines set by the energy companies for submission of the work.The additional costs and the costs of the re-structure have been regarded as exceptional items related to the chancellors announcement and so are provided for these financial statements as shown in note 6 in the notes to the financial statements. Due to the actions of management and strong performances over the past few years and substantial cash reserves, we have been able to navigate through a difficult few months.

Despite our main income stream closing, we are pleased to announce that management have already secured over £30 million of new contracts for the coming year, with a pipeline of over £100 million of near term opportunities. This is without accessing income streams from the new Warmer Homes Grants scheme, which, when the scheme is launched should provide us with further significant income streams.

| Live Manage Facilitate Limited (Registered number: 10006957) |

Strategic Report

for the Year Ended 30 November 2025

PRINCIPAL RISKS AND UNCERTAINTIES

Management's objectives are to maintain key relationships with all key stakeholders and to develop strong long term customer and supplier relationships as well as effectively managing working capital based on expected future cash flows from the company's core trading activities. As the company uses limited financial instruments, its exposure to price risk, credit risk, liquidity risk, and cash flow risk is not considered material in assessing its assets, liabilities, financial position, or profit and loss. This has allowed the business to ride out a difficult trading period due to the closure of the Eco4 scheme, through effective management of our resources and some restructuring, which has allowed us to maintain our position of not relying on external finance to fund working capital.

The company has limited exposure to credit, liquidity, and cash flow risk. These risks are managed through prudent financial management practices, including financing operations via retained profits and effective working capital management.

As we have experienced through the chancellors announcement of the closure of the ECO 4 scheme, the principle risk and uncertainty for our business is that of a political risk through change in policy. Most of our income comes from grant funded works, changes in funding policies present a significant risk to our business. However, we feel that for the immediate future that risk has now minimised as we have navigated through the difficult trading period and have accessed new sources of income. The energy sector remains highly regulated, and changes in government policies or regulatory requirement, could potentially affect the business. The company mitigates this risk through the close and active management and engagement with key stakeholders.

SECTION 172(1) STATEMENT

The directors are committed to conducting business in a manner that promotes the long term success of the company for the benefit of its shareholders, while also considering the interests of all stakeholders. In accordance with Section 172 of the Companies Act 2006. The directors have acted in good faith to make decisions they believe will promote the long-term success of the company.

The Board has put in place a structured governance model, with scheduled Board meetings. Our governance model supports the Company in ensuring that decisions are considered, documented and reported upon, and are in alignment with strategic plans.

Throughout the year, the directors have considered a range of factors in their decision-making process, including

o The long-term consequences of decisions,

o The interests of our shareholders

o The interests of our employees,

o Developing and maintain relationships with our customers and suppliers,

o The impact on the community in which we operate

o The impact on the environment in which we live, and

o The need to maintain a reputation for high standards of business conduct.

The directors will continue to assess the impact of their decisions on all stakeholders and ensure that the company operates in a responsible and sustainable manner, in line with its mission and values.

ON BEHALF OF THE BOARD:

Mrs L M Foran - Director

21 July 2026

| Live Manage Facilitate Limited (Registered number: 10006957) |

Report of the Director

for the Year Ended 30 November 2025

The director presents her report with the financial statements of the company for the year ended 30 November 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Installation of energy efficient measures.

DIVIDENDS

Interim dividends per share were paid as follows:

| £ |  |

| 600 |  | - 30 November 2025 |

| 600 |  |

The director recommended that no final dividend be paid.

The total distribution of dividends for the year ended 30 November 2025 will be £6,000,000.

DIRECTOR

Mrs L M Foran held office during the whole of the period from 1 December 2024 to the date of this report.

ENGAGEMENT WITH EMPLOYEES

We recognise the importance of engaging our employees to empower them to make their fullest contribution to the business. Consultations are held with employees during their personal reviews or when their views need to be considered in decisions that are made in the best interests of the Group.

We consider that our employees act professionally and with integrity in their dealings with our customers and suppliers to ensure the Group's reputation is maintained at the highest standard.

ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS

The Group recognises the importance of building and maintaining strong relationships with our key stakeholders, including suppliers, customers, and all other relevant third parties. Effective engagement with these stakeholders is key to the long-term success and sustainability of the business.

Customers

Our customers are central to everything we do. We are committed to understanding their needs and expectations, and to delivering a high quality service that meet or exceed their expectations. We engage with all our customers regularly through various communication channels so that we receive feedback on our performance, ensure customer satisfaction, and build long-term relationships. By maintaining open lines of communication, we are able to continually review our performance as well as implement a programme of continual developments and improvements to maintain long term success.

Suppliers

The Group aims to develop robust, transparent, and fair relationships with all our suppliers. We have selected suppliers who meet our high standards of quality, ethical conduct and sustainability. Regular communication is held with suppliers to understand our expectations regarding product quality, delivery, and compliance with applicable laws and regulations.

Other Stakeholders

The Group recognises the importance of engagement with our other stakeholders, including regulators, industry bodies, and the wider community. We ensure that we comply with all applicable laws, regulations, and industry standards. Additionally, we are committed to contributing positively to the communities in which we operate by participating in initiatives that support local economic development, environmental sustainability, and social responsibility.

STREAMLINED ENERGY AND CARBON REPORTING

Per CA06 Part 7A 20A(2) disclosures concerning Greenhouse Gas Emissions, Energy Consumption and Energy Efficiency Action are made in the consolidated group financial statements of our parent company.

| Live Manage Facilitate Limited (Registered number: 10006957) |

Report of the Director

for the Year Ended 30 November 2025

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the 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). Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company 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;

- | state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- | 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 transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company 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 company's auditors are unaware, and she has taken all the steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Douglas Fairless Partnership, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs L M Foran - Director

21 July 2026

Report of the Independent Auditors to the Members of

Live Manage Facilitate Limited

Opinion

We have audited the financial statements of Live Manage Facilitate Limited (the 'company') for the year ended 30 November 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 30 November 2025 and of its 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 company 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 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.

Emphasis of matter

We draw your attention to the information contained within the strategic report and note 2 to the financial statements. We can confirm that we agree with the going concent basis of preparation. We have reviewed the contracts in place to generate new revenue streams and managements budgets and forecasts for the next 12 months and it is our opinion that there are no indicators that the business cannot continue as a going concern and the business will remain profitable and continue to service it's debts for the foreseeable future.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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 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 Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Live Manage Facilitate Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

- | the 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.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page five, 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 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 company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Live Manage Facilitate Limited

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:

Extent to which the audit was capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

In identifying and assessing risks of material misstatement in the financial statements in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, the control environment and the impact of business performance on Directors earnings.

- results of our enquiries of management and key finance persons about their own identification and assessment of the risks and irregularities.

- any matters we identified after obtaining and reviewing company policies and procedures relating to; identifying, evaluating and complying with laws and regulations. Detecting and responding to risks of fraud. The internal controls in place to mitigate the risks of fraud or non-compliance with laws and regulations.

From this assessment, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis of our opinion. Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- reading minutes of meetings of those charged with governance, reviewing correspondence with HMRC; and

- in addressing the risk of fraud through management override of controls; we have tested the operational effectiveness of internal controls relevant to the financial statements, tested the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through 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 Auditors.

Gregory Newton FCCA (Senior Statutory Auditor)

for and on behalf of Douglas Fairless Partnership

Chartered Certified Accountants

and Statutory Auditors

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

21 July 2026

| Live Manage Facilitate Limited (Registered number: 10006957) |

Income Statement

for the Year Ended 30 November 2025

| 30.11.25 | 30.11.24 |

| Notes | £ | £ | £ | £ |

TURNOVER | 3 | 57,164,669 |  | 50,418,186 |  |

Cost of sales | 41,349,659 |  | 35,755,244 |  |

GROSS PROFIT | 15,815,010 |  | 14,662,942 |  |

Distribution costs | 72,485 |  | 81,487 |  |

Administrative expenses | 9,512,390 |  | 6,906,082 |  |

|  |  | 9,584,875 |  |  |  |  | 6,987,569 |  |

6,230,135 |  | 7,675,373 |  |

Other operating income | 10,865 |  | 115,665 |  |

OPERATING PROFIT | 5 | 6,241,000 |  | 7,791,038 |  |

Exceptional costs | 6 | 3,874,877 |  | - |  |

2,366,123 |  | 7,791,038 |  |

Interest receivable and similar income | - |  | 5,645 |  |

2,366,123 |  | 7,796,683 |  |

Interest payable and similar expenses | 7 | 188,563 |  | 30,496 |  |

PROFIT BEFORE TAXATION | 2,177,560 |  | 7,766,187 |  |

Tax on profit | 8 | 122,119 |  | 1,737,888 |  |

PROFIT FOR THE FINANCIAL YEAR | 2,055,441 |  | 6,028,299 |  |

| Live Manage Facilitate Limited (Registered number: 10006957) |

Other Comprehensive Income

for the Year Ended 30 November 2025

| 30.11.25 |  | 30.11.24

| Notes | £ | £ |

PROFIT FOR THE YEAR | 2,055,441 |  | 6,028,299 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 2,055,441 |  | 6,028,299 |  |

| Live Manage Facilitate Limited (Registered number: 10006957) |

Balance Sheet

30 November 2025

| 30.11.25 | 30.11.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | 399,941 |  | - |  |

Tangible assets | 11 | 513,840 |  | 472,797 |  |

913,781 |  | 472,797 |  |

CURRENT ASSETS

Stocks | 12 | 12,806,450 |  | 10,529,020 |  |

Debtors | 13 | 1,968,858 |  | 7,032,368 |  |

Cash at bank | 2,646,500 |  | 1,579,883 |  |

17,421,808 |  | 19,141,271 |  |

CREDITORS

Amounts falling due within one year | 14 | 9,656,787 |  | 7,112,846 |  |

NET CURRENT ASSETS | 7,765,021 |  | 12,028,425 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,678,802 |  | 12,501,222 |  |

PROVISIONS FOR LIABILITIES | 17 | 214,340 |  | 92,201 |  |

NET ASSETS | 8,464,462 |  | 12,409,021 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 10,000 |  | 10,000 |  |

Retained earnings | 19 | 8,454,462 |  | 12,399,021 |  |

SHAREHOLDERS' FUNDS | 8,464,462 |  | 12,409,021 |  |

The financial statements were approved by the director and authorised for issue on 21 July 2026 and were signed by:

Mrs L M Foran - Director

| Live Manage Facilitate Limited (Registered number: 10006957) |

Statement of Changes in Equity

for the Year Ended 30 November 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 December 2023 | 10,000 |  | 11,331,822 |  | 11,341,822 |  |

Changes in equity

Dividends | - |  | (4,961,100 | ) | (4,961,100 | ) |

Total comprehensive income | - |  | 6,028,299 |  | 6,028,299 |  |

Balance at 30 November 2024 | 10,000 |  | 12,399,021 |  | 12,409,021 |  |

Changes in equity

Dividends | - |  | (6,000,000 | ) | (6,000,000 | ) |

Total comprehensive income | - |  | 2,055,441 |  | 2,055,441 |  |

Balance at 30 November 2025 | 10,000 |  | 8,454,462 |  | 8,464,462 |  |

| Live Manage Facilitate Limited (Registered number: 10006957) |

Cash Flow Statement

for the Year Ended 30 November 2025

| 30.11.25 |  | 30.11.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 5,338,177 |  | 7,232,052 |  |

Interest paid | (188,563 | ) | (27,587 | ) |

Interest element of hire purchase or finance lease rental payments paid | - |  | (2,909 | ) |

Tax paid | (904,673 | ) | (3,448,924 | ) |

Net cash from operating activities | 4,244,941 |  | 3,752,632 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (452,749 | ) | - |  |

Purchase of tangible fixed assets | (143,475 | ) | (47,637 | ) |

Interest received | - |  | 5,645 |  |

Net cash from investing activities | (596,224 | ) | (41,992 | ) |

Cash flows from financing activities

Capital repayments in year | - |  | (14,138 | ) |

Loans from group companies | 3,417,900 |  | 38 |  |

Equity dividends paid | (6,000,000 | ) | (4,961,100 | ) |

Net cash from financing activities | (2,582,100 | ) | (4,975,200 | ) |

Increase/(decrease) in cash and cash equivalents | 1,066,617 |  | (1,264,560 | ) |

Cash and cash equivalents at beginning of year | 2 | 1,579,883 |  | 2,844,443 |  |

Cash and cash equivalents at end of year | 2 | 2,646,500 |  | 1,579,883 |  |

| Live Manage Facilitate Limited (Registered number: 10006957) |

Notes to the Cash Flow Statement

for the Year Ended 30 November 2025

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Profit before taxation | 2,177,560 |  | 7,766,187 |  |

| Depreciation charges | 111,407 |  | 105,846 |  |

| Impairment loss on computer software | 43,835 |  | - |  |

| Finance costs | 188,563 |  | 30,496 |  |

| Finance income | - |  | (5,645 | ) |

2,521,365 |  | 7,896,884 |  |

| Increase in stocks | (2,277,430 | ) | (3,757,162 | ) |

| Decrease in trade and other debtors | 2,214,532 |  | 1,921,431 |  |

| Increase in trade and other creditors | 2,879,710 |  | 1,170,899 |  |

| Cash generated from operations | 5,338,177 |  | 7,232,052 |  |

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 30 November 2025

| 30.11.25 |  | 1.12.24

£ | £ |

| Cash and cash equivalents | 2,646,500 |  | 1,579,883 |  |

| Year ended 30 November 2024

| 30.11.24 |  | 1.12.23

£ | £ |

| Cash and cash equivalents | 1,579,883 |  | 2,844,443 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.12.24 | Cash flow | At 30.11.25

£ | £ | £ |

| Net cash |

| Cash at bank | 1,579,883 |  | 1,066,617 |  | 2,646,500 |  |

1,579,883 |  | 1,066,617 |  | 2,646,500 |  |

| Total | 1,579,883 |  | 1,066,617 |  | 2,646,500 |  |

| Live Manage Facilitate Limited (Registered number: 10006957) |

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| Live Manage Facilitate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

| The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of investment properties]. The principal accounting policies adopted are set out below.

| This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

| · Section 7 'Statement of Cash Flows': Presentation of a statement of cash flow and related notes and disclosures;

| · Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

| · Section 26 'Share based Payment': Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

| · Section 33 'Related Party Disclosures': Compensation for key management personnel.

| The financial statements of the company are consolidated in the financial statements of Energy Efficiency Topco Limited. These consolidated financial statements are available from its registered office, 210 Price Street, Birkenhead, CH41 3PS .

| Going concern

| The financial statements have been prepared on a going concern basis; as the director, after conducting appropriate analysis, has a reasonable expectation that the company has adequate resources to continue operationally for the foreseeable future.

| Following the chancellors announcement in the Autumn 2025 budget that funding for the ECO 4 scheme would end immediately, management performed an immediate, thorough, detailed, strategic and operational review of the business. The result being that the business was operationally restructured to move into new markets away from the ECO 4 scheme and foundations laid for the business to access revenue streams from the replacement government scheme named 'Warmer Homes Grants'.

| Management have secured contracts outside of its normal ECO 4 revenue streams that will provide profitability and positive cash flow over the next 12 months, by which time they will have further contracts in place, which are currently under negotiation. This will result in revenue and profits returning to historic norms.

| The business is not reliant on external financing for working capital other than normal trade credit. Post year end cash flows reduced from our normal trading levels but this did not impact on our ability to service our debt. We continue to trade profitably and are now returning to positive cash flows.

| Based on management's assessment, the director is confident that the company remains a going concern for the foreseeable future. Accordingly, the financial statements continue to be prepared on a going concern basis.

| Significant judgements and estimates

| In the application of the company'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 considered to be 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.

| Live Manage Facilitate Limited (Registered number: 10006957) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts and of Value Added Tax. The following criteria must also be met before revenue is recognised.

| Sale of goods

| Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

| - The Company has transferred the significant risks and rewards of ownership to the buyer;

| - The Company retains neither managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

| - The amount of revenue can be measured reliably;

| - It is probable that the Company will receive the consideration due under the transaction; and

| - The costs incurred or to be incurred in respect of the transaction can be measured reliably

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the percentage stage of completion of the contract when all of the following conditions are satisfied:

| The outcome of a transaction can be estimated reliably when all the following conditions are met:

| - the amount of revenue can be measured reliably;

| - it is probable that the Company will receive the consideration under the contract;

| - the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

| - the costs incurred and the costs to complete the transaction can be measured reliably.

| 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.

| An impairment loss has been recognised in the Income Statement, following an assessment at the Balance Sheet date indicating the recoverable amount was less than its carrying value.

| Patents and licences are being amortised evenly over their estimated useful life of ten years.

| Computer software is being amortised evenly over its estimated useful life of five years.

| Tangible fixed assets

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

| Short leasehold | - | in accordance with the property

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

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 25% on reducing balance

| Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

| Stocks

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

| Stock is calculated using the first-in, first-out method and includes purchase, transport and handling costs in bringing stock to their present location and condition.

| Work in progress is valued based on the percentage value of works completed to date assessed by qualified quantity surveyors. Work In progress also incudes finished installations that have not yet been approved for invoicing by the customer or are in the approval process.

| Live Manage Facilitate Limited (Registered number: 10006957) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised..

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Taxation

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

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

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

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

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

| Live Manage Facilitate Limited (Registered number: 10006957) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

3. | TURNOVER

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

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Services | 57,164,669 |  | 50,418,186 |  |

57,164,669 |  | 50,418,186 |  |

4. | EMPLOYEES AND DIRECTORS

| 30.11.25 |  | 30.11.24

£ | £ |

| Wages and salaries | 6,084,336 |  | 4,435,763 |  |

| Social security costs | 737,828 |  | 449,039 |  |

| Other pension costs | 124,179 |  | 79,917 |  |

6,946,343 |  | 4,964,719 |  |

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

| 30.11.25 |  | 30.11.24

| Senior Managers | 5 |  | 7 |  |

| Direct | 27 |  | 30 |  |

| Sales, Design & Admin | 49 |  | 31 |  |

| Installations & Operations | 32 |  | 19 |  |

| Finance | 20 |  | 13 |  |

| Submissions | 9 |  | 10 |  |

142 |  | 110 |  |

| 30.11.25 |  | 30.11.24

£ | £ |

| Director's remuneration | 65,853 |  | 65,600 |  |

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 30.11.25 |  | 30.11.24

£ | £ |

| Hire of plant and machinery | 154,888 |  | 133,330 |  |

| Direct sales costs | 4,207,978 |  | 3,376,984 |  |

| Depreciation - owned assets | 102,432 |  | 105,847 |  |

| Patents and licences amortisation | 2,401 |  | - |  |

| Computer software amortisation | 6,573 |  | - |  |

| Auditors' remuneration | 19,000 |  | 17,000 |  |

| Auditors' remuneration for non audit work | 1,100 |  | 1,900 |  |

6. | EXCEPTIONAL ITEMS

| 30.11.25 |  | 30.11.24

£ | £ |

| Exceptional costs | (3,874,877 | ) | - |  |

| Included in exceptional items are costs incurred in relation to the closure of the ECO 4 scheme

| Live Manage Facilitate Limited (Registered number: 10006957) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 30.11.25 |  | 30.11.24

£ | £ |

| Loan interest | - |  | 27,587 |  |

| Interest on taxation | 188,563 |  | - |  |

| Hire purchase | - |  | 2,909 |  |

188,563 |  | 30,496 |  |

8. | TAXATION

| Analysis of the tax charge

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Current tax:

| UK corporation tax | - |  | 1,749,364 |  |

| Corporation tax adjustment | (21 | ) | - |  |

| Total current tax | (21 | ) | 1,749,364 |  |

| Deferred tax | 122,140 |  | (11,476 | ) |

| Tax on profit | 122,119 |  | 1,737,888 |  |

| 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:

| 30.11.25 |  | 30.11.24

£ | £ |

| Profit before tax | 2,177,560 |  | 7,766,187 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 544,390 |  | 1,941,547 |  |

| Effects of:

| Expenses not deductible for tax purposes | 2,472 |  | 401 |  |

| Capital allowances in excess of depreciation | (10,260 | ) | - |  |

| Depreciation in excess of capital allowances | - |  | 14,552 |  |

| Deferred tax movement | 122,140 |  | (11,476 | ) |

| Group loss relief | (536,602 | ) | (207,136 | ) |

| Corporation tax adjustment | (21 | ) | - |  |

| Total tax charge | 122,119 |  | 1,737,888 |  |

9. | DIVIDENDS

| 30.11.25 |  | 30.11.24

£ | £ |

| Ordinary shares of £1 each

| Interim | 6,000,000 |  | 4,961,100 |  |

| Live Manage Facilitate Limited (Registered number: 10006957) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

10. | INTANGIBLE FIXED ASSETS

| Patents |

| and |  | Computer |

| licences |  | software |  | Totals

£ | £ | £ |

| COST

| Additions | 14,407 |  | 438,342 |  | 452,749 |  |

| Impairments | - |  | (43,834 | ) | (43,834 | ) |

| At 30 November 2025 | 14,407 |  | 394,508 |  | 408,915 |  |

| AMORTISATION

| Amortisation for year | 2,401 |  | 6,573 |  | 8,974 |  |

| At 30 November 2025 | 2,401 |  | 6,573 |  | 8,974 |  |

| NET BOOK VALUE

| At 30 November 2025 | 12,006 |  | 387,935 |  | 399,941 |  |

11. | TANGIBLE FIXED ASSETS

| Fixtures

| Short |  | Plant and |  | and

| leasehold |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 December 2024 | 128,608 |  | 44,740 |  | 380,132 |  |

| Additions | - |  | 1,558 |  | 2,510 |  |

| At 30 November 2025 | 128,608 |  | 46,298 |  | 382,642 |  |

| DEPRECIATION

| At 1 December 2024 | 24,614 |  | 16,096 |  | 142,450 |  |

| Charge for year | 12,307 |  | 4,530 |  | 35,829 |  |

| At 30 November 2025 | 36,921 |  | 20,626 |  | 178,279 |  |

| NET BOOK VALUE

| At 30 November 2025 | 91,687 |  | 25,672 |  | 204,363 |  |

| At 30 November 2024 | 103,994 |  | 28,644 |  | 237,682 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 December 2024 | 95,815 |  | 193,598 |  | 842,893 |  |

| Additions | - |  | 139,407 |  | 143,475 |  |

| At 30 November 2025 | 95,815 |  | 333,005 |  | 986,368 |  |

| DEPRECIATION

| At 1 December 2024 | 79,126 |  | 107,810 |  | 370,096 |  |

| Charge for year | 14,324 |  | 35,442 |  | 102,432 |  |

| At 30 November 2025 | 93,450 |  | 143,252 |  | 472,528 |  |

| NET BOOK VALUE

| At 30 November 2025 | 2,365 |  | 189,753 |  | 513,840 |  |

| At 30 November 2024 | 16,689 |  | 85,788 |  | 472,797 |  |

| Live Manage Facilitate Limited (Registered number: 10006957) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

12. | STOCKS

| 30.11.25 |  | 30.11.24

£ | £ |

| Stocks | 1,006,128 |  | 1,062,670 |  |

| Work-in-progress and finished installations | 11,800,322 |  | 9,466,350 |  |

12,806,450 |  | 10,529,020 |  |

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Trade debtors | 976,177 |  | 2,499,625 |  |

| Amounts owed by group undertakings | - |  | 2,848,978 |  |

| Other debtors | 60,000 |  | 60,000 |  |

| VAT | 493,281 |  | 1,259,325 |  |

| Prepayments | 439,400 |  | 364,440 |  |

1,968,858 |  | 7,032,368 |  |

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Trade creditors | 5,331,305 |  | 3,957,691 |  |

| Amounts owed to group undertakings | 568,921 |  | - |  |

| Corporation taxation | 184,852 |  | 1,049,364 |  |

| Social security and other taxes | 708,650 |  | 325,894 |  |

| Other creditors | 33,835 |  | 18,128 |  |

| Credit card | 2,007 |  | - |  |

| Accrued expenses | 2,827,217 |  | 1,761,769 |  |

9,656,787 |  | 7,112,846 |  |

15. | LEASING AGREEMENTS

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Within one year | 162,550 |  | 155,833 |  |

| Between one and five years | 468,625 |  | 502,675 |  |

| In more than five years | 364,000 |  | 470,000 |  |

995,175 |  | 1,128,508 |  |

| Head Office - 210 Price Street, Birkenhead, CH41 3PS - 15 year lease ending on 15/02/36

| Head Office 2nd building Unit 3, 251 Cleveland Street, Birkenhead, CH41 3QF - 5 year lease ending on 20/03/28

| Cornwall Warehouse - Units 2A & 2B, Quarry Cresent, Pennygillam Industrial Estate, Launceston, Cornwall, PL15 7ED - 5 year lease ending 09/05/26

16. | SECURED DEBTS

| Ylc Holdco Limited, Chris Foran, Amie Fehily & Simon Kelly have a fixed charge over all intellectual property, properties, premises and fixtures on each of such properties, subsidiary shares, accounts, investments as listed in the instrument and a floating charge covering all the property or undertaking of the company. Soho Square Capital LLP as Security Trustee for the Finance Parties has a fixed charge over, with the exception of any excluded property, all current and future freehold, leasehold or commonhold property and (to the extent that it is capable of being charged) intellectual property owned by the company, in each case as specified (and defined) in the debenture registered by the form MR01 ("the debenture") and a floating charge which covers all the property or undertaking of the company.

| Live Manage Facilitate Limited (Registered number: 10006957) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

17. | PROVISIONS FOR LIABILITIES

| 30.11.25 |  | 30.11.24

£ | £ |

| Deferred tax | 214,340 |  | 92,201 |  |

| Deferred |

| tax |

£ |

| Balance at 1 December 2024 | 92,201 |  |

| Accelerated capital allowances | 122,139 |  |

| Balance at 30 November 2025 | 214,340 |  |

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.11.25 |  | 30.11.24

| value: | £ | £ |

| 10,000 | Ordinary | £1 | 10,000 |  | 10,000 |  |

19. | RESERVES

| Retained

| earnings

£ |

| At 1 December 2024 | 12,399,021 |  |

| Profit for the year | 2,055,441 |  |

| Dividends | (6,000,000 | ) |

| At 30 November 2025 | 8,454,462 |  |

20. | PENSION COMMITMENTS

| The company operates a defined contributions pension scheme.The assets of the scheme are held separately from those of the company in an independently administered fund.The pension cost charge represents contributions payable by the company to the fund and amounted to £124,179 (2024 - £79,917). At the balance sheet date £33,835 (2024 - £18,128) was owing to the fund contained within other creditors.

21. | ULTIMATE PARENT COMPANY

| Energy Efficiency Topco Limited is regarded by the director as being the company's ultimate parent company.

| The registered office of the parent is as follows.

| 210 Price Street

| Birkenhead

| Merseyside

| United Kingdom

| CH41 3PS

| The immediate parent company is LMF Energy Services Limited.

22. | RELATED PARTY DISCLOSURES

| Entities with control, joint control or significant influence over the entity

| 30.11.25 |  | 30.11.24

£ | £ |

| Dividends | 6,000,000 |  | 4,961,100 |  |

| Amount due from related party | - |  | 2,848,978 |  |

| Amount due to related party | 568,922 |  | - |  |

| Live Manage Facilitate Limited (Registered number: 10006957) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

| The amounts are due to group companies LMF Energy Services Ltd and Energy Efficiency Bidco Ltd.

| The balances due are unsecured, interest free, and repayable on demand.

| Key management personnel of the entity or its parent (in the aggregate)

| 30.11.25 |  | 30.11.24

£ | £ |

| Consultancy | - |  | 153,475 |  |