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REGISTERED NUMBER: 11803869 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Exploration & Testing Associates Limited

| Exploration & Testing Associates Limited (Registered number: 11803869) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Exploration & Testing Associates Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | Miss N Hodson

| Mrs L C Hughes

| Miss A D Hughes

| REGISTERED OFFICE: | Unit 8b Bowburn South Industrial Estate

| Bowburn

| Durham

| DH6 5AD

| REGISTERED NUMBER: | 11803869 (England and Wales)

| ACCOUNTANTS: | JBC Accountants Limited

| Chartered Accountants

| 3B Lockheed Court

| Preston Farm

| Stockton on Tees

| TS18 3SH

| Exploration & Testing Associates Limited (Registered number: 11803869) |

Balance Sheet

31 December 2025

31/12/25 | 31/12/24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 4 | 76,600 |  | 69,615 |  |

Tangible assets | 5 | 735,318 |  | 650,266 |  |

811,918 |  | 719,881 |  |

CURRENT ASSETS

Stocks | 84,283 |  | 25,672 |  |

Debtors | 6 | 571,885 |  | 524,009 |  |

Cash at bank | 8,815 |  | 91,894 |  |

664,983 |  | 641,575 |  |

CREDITORS

Amounts falling due within one year | 7 | 760,040 |  | 612,473 |  |

NET CURRENT (LIABILITIES)/ASSETS | (95,057 | ) | 29,102 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 716,861 |  | 748,983 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 36,985 |  | 107,545 |  |

NET ASSETS | 679,876 |  | 641,438 |  |

CAPITAL AND RESERVES

Called up share capital | 190 |  | 74,016 |  |

Share premium | 150,844 |  | 150,844 |  |

Retained earnings | 528,842 |  | 416,578 |  |

SHAREHOLDERS' FUNDS | 679,876 |  | 641,438 |  |

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.

| Exploration & Testing Associates Limited (Registered number: 11803869) |

Balance Sheet - continued

31 December 2025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

Miss N Hodson - Director

| Exploration & Testing Associates Limited (Registered number: 11803869) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Exploration & Testing Associates 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" 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 accounts have been prepared on a going concern basis. Since the balance sheet date, the Directors have introduced significant funds to support the company and the current year shows profits being reported each month.

| Turnover

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

| 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.

| Accreditation are being amortised evenly over their estimated useful life of ten years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Short leasehold | - | over period of the lease

| Plant and machinery | - | 10% on cost

| Fixtures and fittings | - | 10% on cost

| Motor vehicles | - | 20% on cost

| Computer equipment | - | 25% on cost

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

| Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

| Current and deferred 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.

| Exploration & Testing Associates Limited (Registered number: 11803869) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

| Invoice financing

| The invoice financing creditor represents amounts received in respect of financed debts. There is full recourse to the company for losses on debts, and so the financed debts continue to be recognised on the balance sheet. Interest and other charges relating to invoice financing are recognised in the profit and loss account over the relevant period.

| Government grants

| Revenue based grants are credited to the profit and loss account on receipt.

| Capital based grants are credited to the profit and loss account when the conditions of the grant have been met.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 32 (2024 - 30 ) .

4. | INTANGIBLE FIXED ASSETS

Other |

intangible |

assets |

| £

| COST

| At 1 January 2025 | 114,813 |  |

| Additions | 19,483 |  |

| At 31 December 2025 | 134,296 |  |

| AMORTISATION

| At 1 January 2025 | 45,198 |  |

| Charge for year | 12,498 |  |

| At 31 December 2025 | 57,696 |  |

| NET BOOK VALUE

| At 31 December 2025 | 76,600 |  |

| At 31 December 2024 | 69,615 |  |

| Exploration & Testing Associates Limited (Registered number: 11803869) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

5. | TANGIBLE FIXED ASSETS

Plant and |

Land and | machinery |

buildings | etc | Totals |

| £ | £ | £

| COST

| At 1 January 2025 | 163,122 |  | 676,587 |  | 839,709 |  |

| Additions | 77,239 |  | 144,784 |  | 222,023 |  |

| At 31 December 2025 | 240,361 |  | 821,371 |  | 1,061,732 |  |

| DEPRECIATION

| At 1 January 2025 | 20,178 |  | 169,265 |  | 189,443 |  |

| Charge for year | 12,018 |  | 124,953 |  | 136,971 |  |

| At 31 December 2025 | 32,196 |  | 294,218 |  | 326,414 |  |

| NET BOOK VALUE

| At 31 December 2025 | 208,165 |  | 527,153 |  | 735,318 |  |

| At 31 December 2024 | 142,944 |  | 507,322 |  | 650,266 |  |

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

Plant and |

machinery |

etc |

| £

| COST

| At 1 January 2025 | 397,447 |  |

| Additions | 64,117 |  |

| Transfer to ownership | (16,880 | ) |

| At 31 December 2025 | 444,684 |  |

| DEPRECIATION

| At 1 January 2025 | 91,567 |  |

| Charge for year | 84,258 |  |

| Transfer to ownership | (6,604 | ) |

| At 31 December 2025 | 169,221 |  |

| NET BOOK VALUE

| At 31 December 2025 | 275,463 |  |

| At 31 December 2024 | 305,880 |  |

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

31/12/25 | 31/12/24 |

| £ | £

| Trade debtors | 487,850 |  | 444,852 |  |

| Other debtors | 84,035 |  | 79,157 |  |

571,885 |  | 524,009 |  |

| Exploration & Testing Associates Limited (Registered number: 11803869) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

31/12/25 | 31/12/24 |

| £ | £

| Bank loans and overdrafts | 72,681 |  | 9,546 |  |

| Hire purchase contracts | 89,998 |  | 81,854 |  |

| Trade creditors | 235,265 |  | 193,947 |  |

| Taxation and social security | 61,510 |  | 70,428 |  |

| Other creditors | 300,586 |  | 256,698 |  |

760,040 |  | 612,473 |  |

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

31/12/25 | 31/12/24 |

| £ | £

| Bank loans | 2,589 |  | 13,690 |  |

| Hire purchase contracts | 34,396 |  | 93,855 |  |

36,985 |  | 107,545 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

31/12/25 | 31/12/24 |

| £ | £

| Hire purchase contracts | 124,394 |  | 175,709 |  |

| Included within other creditors is amounts which relate to a ID facility and these are secured against the book debts of the company.

| HP obligations are secured against the assets to which they relate.