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REGISTERED NUMBER: 10568015 (England and Wales)

Audited Financial Statements for the Year Ended 30 November 2025

for

Lingyun Facade UK Ltd

Lingyun Facade UK Ltd (Registered number: 10568015)

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 2 |

Lingyun Facade UK Ltd (Registered number: 10568015)

Balance Sheet

30 November 2025

| 30.11.25 | 30.11.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 2,615 |  | 3,487 |  |

CURRENT ASSETS

Debtors | 6 | 1,015,676 |  | 63,239 |  |

Cash at bank and in hand | 1,170,194 |  | 473,900 |  |

2,185,870 |  | 537,139 |  |

CREDITORS

Amounts falling due within one year | 7 | 3,781,412 |  | 3,004,526 |  |

NET CURRENT LIABILITIES | (1,595,542 | ) | (2,467,387 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (1,592,927 | ) | (2,463,900 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (1,593,027 | ) | (2,464,000 | ) |

SHAREHOLDERS' FUNDS | (1,592,927 | ) | (2,463,900 | ) |

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement 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 W T F Lee - Director

Lingyun Facade UK Ltd (Registered number: 10568015)

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| Lingyun Facade UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 10568015

| Registered office: | 22 - 24 Victoria Parade

| London

| SE10 9FR

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.

| The financial statements are prepared in Pounds sterling, which is the functional and presentational currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

| Going concern

| The directors have assessed the company's ability to continue as going concern for at least twelve months from the date of approval of the financial statements and consider it appropriate to prepare the accounts on a going concern basis.

| The company made a profit before tax of £870,973 for the year and showed net current liabilities of £1,595,542 as at 30 November 2025, these arise primarily from balances owed to group undertakings, with external trade and other creditors remaining insignificant.

| The directors have obtained confirmation from the immediate parent undertaking that it will continue to provide financial support and will not seek repayment of its loan of £2,053,689 for at least twelve months from the date of approval of the financial statements.

| Since the year end, the company continues on its existing project which is expected to complete until late 2026. The directors were actively pursuing other contract opportunities. The directors considered the risks of project concentration, working capital requirements can appropriately mitigated by the company's cash resources, low level of external creditors and the financial support from its parent. Therefore the directors consider that it is appropriate to adopt the going concern basis.

| On this basis, the directors have a reasonable expectation that the Company has adequate resources to continue in operation for the foreseeable future, and have therefore prepared the financial statements on a going concern basis.

Lingyun Facade UK Ltd (Registered number: 10568015)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Related party exemption

| 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue from a contract is recognised in the period of services provided in accordance with the stages of completion of contract when the amount of revenue and costs can be measured reliably.

| The customers made payments based on progress billing certified by external professional. If the services rendered by the company exceeds the payment, a contract asset (accrued income) is recognised. If the payments exceed the services rendered, a contract liability (deferred income) is recognised.

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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

| Plant and machinery - 25% on reducing balance

| Fixtures and fittings - 25% on reducing balance

| Computer equipment - 25% on reducing balance

| Gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

| 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.

Lingyun Facade UK Ltd (Registered number: 10568015)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

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

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

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

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Leases

| 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.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| 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 and 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.

Lingyun Facade UK Ltd (Registered number: 10568015)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Impairment of financial assets

| Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| 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.

Lingyun Facade UK Ltd (Registered number: 10568015)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Basic financial liabilities

| Basic financial liabilities, including trade creditors and loan from parent company 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.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| Judgements and key sources of estimation uncertainty

| In the application of the company's accounting policies, the directors 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.

| Estimates of contract revenue and contract costs

| On fixed price contract, the percentage of completion is determined by management best estimates at each reporting date taking into account of any events change. The measurement may be affected by a variety of uncertainties that depend on the outcome of future events. As a result, the amount of revenue and costs recognised in the period might increase or decrease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 6 ) .

Lingyun Facade UK Ltd (Registered number: 10568015)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

4. | AUDITOR'S REMUNERATION

| Audit fees payable to the company's auditor were £18,000 (2024: £16,000)

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 December 2024

| and 30 November 2025 | 366 |  | 17,961 |  | 18,327 |  |

| DEPRECIATION

| At 1 December 2024 | 279 |  | 14,561 |  | 14,840 |  |

| Charge for year | 22 |  | 850 |  | 872 |  |

| At 30 November 2025 | 301 |  | 15,411 |  | 15,712 |  |

| NET BOOK VALUE

| At 30 November 2025 | 65 |  | 2,550 |  | 2,615 |  |

| At 30 November 2024 | 87 |  | 3,400 |  | 3,487 |  |

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Trade debtors | 978,804 |  | - |  |

| Amounts owed by group undertakings | 909 |  | 909 |  |

| Other debtors | 35,963 |  | 62,330 |  |

1,015,676 |  | 63,239 |  |

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Contract liabilities | - |  | 140,864 |  |

| Trade creditors | 3,187 |  | 38,968 |  |

| Amounts owed to group undertakings | 3,689,678 |  | 2,701,297 |  |

| Taxation and social security | 25,239 |  | 29,233 |  |

| Other creditors | 63,308 |  | 94,164 |  |

3,781,412 |  | 3,004,526 |  |

Lingyun Facade UK Ltd (Registered number: 10568015)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

| Within the amount owed to group undertakings, £2,053,689 is the loan due to the company’s immediate parent undertaking. The loan is unsecured, interest-free and repayable on demand.

| £1,635,989 represents trade payable to other group undertaking arising in the ordinary course of business. These balances are unsecured, non-interest-bearing and repayable in accordance with the agreed trading terms.

8. | LEASING AGREEMENTS

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Within one year | 28,120 |  | 28,120 |  |

| Between one and five years | 51,553 |  | 79,673 |  |

79,673 |  | 107,793 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Auditors' Report was unqualified.

| A K Shah (Senior Statutory Auditor)

| for and on behalf of AKS Advisers Limited

10. | CONTINGENT LIABILITIES

| Under a commission agreement relating to a significant project, the Company is required to pay commission as and when the related customer payments are received. At 30 November 2025, the outstanding commission relating to future customer receipts amounted to £252,373. As the obligation arises only upon receipt of the related customer payments, no liability has been recognised in these financial statements.

11. | ULTIMATE CONTROLLING PARTY

| The Company is not under the control of any individual or corporate entity. Accordingly, the directors consider that there is no ultimate controlling party.