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REGISTERED NUMBER: 04468589 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| STEELMATE AUTOMOTIVE (UK) LIMITED |

STEELMATE AUTOMOTIVE (UK) LIMITED (REGISTERED NUMBER: 04468589) |

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 |

| STEELMATE AUTOMOTIVE (UK) LIMITED |

COMPANY INFORMATION

for the Year Ended 31 DECEMBER 2025

| DIRECTOR: | Mr K M Kay

| SECRETARY: | Mr K M Kay

| REGISTERED OFFICE: | Marlowe House

| Watling Street

| Hockliffe

| Bedfordshire

| LU7 9LS

| REGISTERED NUMBER: | 04468589 (England and Wales)

| ACCOUNTANTS: | Foxley Kingham

| Chartered Accountants

| 260 - 270 Butterfield

| Great Marlings

| Luton

| Bedfordshire

| LU2 8DL

STEELMATE AUTOMOTIVE (UK) LIMITED (REGISTERED NUMBER: 04468589) |

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 77,582 |  | 38,505 |  |

CURRENT ASSETS

Stocks | 84,815 |  | 76,698 |  |

Debtors | 5 | 353,504 |  | 276,192 |  |

Cash at bank and in hand | 236,216 |  | 337,099 |  |

674,535 |  | 689,989 |  |

CREDITORS

Amounts falling due within one year | 6 | 59,321 |  | 77,142 |  |

NET CURRENT ASSETS | 615,214 |  | 612,847 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 692,796 |  | 651,352 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (45,954 | ) | (6,709 | ) |

PROVISIONS FOR LIABILITIES | (14,858 | ) | (5,966 | ) |

NET ASSETS | 631,984 |  | 638,677 |  |

CAPITAL AND RESERVES

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

Retained earnings | 621,984 |  | 628,677 |  |

SHAREHOLDERS' FUNDS | 631,984 |  | 638,677 |  |

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 director acknowledges his 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.

STEELMATE AUTOMOTIVE (UK) LIMITED (REGISTERED NUMBER: 04468589) |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2026 and were signed by:

Mr K M Kay - Director

STEELMATE AUTOMOTIVE (UK) LIMITED (REGISTERED NUMBER: 04468589) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Steelmate Automotive (UK) 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover represents net invoiced sales of goods adjusted for discounts and distribution costs, excluding value added tax.

| Tangible fixed assets

| Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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

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

| Fixtures and fittings |  | - 25% on reducing balance |  |

| Motor vehicles |  | - 25% on reducing balance |  |

| Computer equipment |  | - 25% on reducing balance |  |

| Stocks

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

STEELMATE AUTOMOTIVE (UK) LIMITED (REGISTERED NUMBER: 04468589) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2025 | 102,817 |  | 165,899 |  | 10,000 |  | 2,577 |  | 281,293 |  |

| Additions | 8,736 |  | - |  | 55,819 |  | 383 |  | 64,938 |  |

| At 31 December 2025 | 111,553 |  | 165,899 |  | 65,819 |  | 2,960 |  | 346,231 |  |

| DEPRECIATION

| At 1 January 2025 | 79,081 |  | 153,733 |  | 8,999 |  | 975 |  | 242,788 |  |

| Charge for year | 8,119 |  | 3,041 |  | 14,205 |  | 496 |  | 25,861 |  |

| At 31 December 2025 | 87,200 |  | 156,774 |  | 23,204 |  | 1,471 |  | 268,649 |  |

| NET BOOK VALUE

| At 31 December 2025 | 24,353 |  | 9,125 |  | 42,615 |  | 1,489 |  | 77,582 |  |

| At 31 December 2024 | 23,736 |  | 12,166 |  | 1,001 |  | 1,602 |  | 38,505 |  |

STEELMATE AUTOMOTIVE (UK) LIMITED (REGISTERED NUMBER: 04468589) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS - continued

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

| Motor

| vehicles

£ |

| COST

| Additions | 52,324 |  |

| At 31 December 2025 | 52,324 |  |

| DEPRECIATION

| Charge for year | 13,081 |  |

| At 31 December 2025 | 13,081 |  |

| NET BOOK VALUE

| At 31 December 2025 | 39,243 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 44,674 |  | 49,519 |  |

| Other debtors | 305,336 |  | 223,988 |  |

| Tax | 2,075 |  | - |  |

| Prepayments and accrued income | 1,419 |  | 2,685 |  |

353,504 |  | 276,192 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 7,035 |  | 10,648 |  |

| Hire purchase contracts (see note 8) | 4,420 |  | - |  |

| Trade creditors | 16,093 |  | 9,299 |  |

| Corporation tax | - |  | 13,782 |  |

| Taxation and social security | 2,227 |  | 2,448 |  |

| VAT | 15,760 |  | 21,668 |  |

| Other creditors | 782 |  | 1,988 |  |

| Director's loan account | 9,704 |  | 10,859 |  |

| Accrued expenses | 3,300 |  | 6,450 |  |

59,321 |  | 77,142 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans 1-2 years | - |  | 6,709 |  |

| Hire purchase contracts (see note 8) | 45,954 |  | - |  |

45,954 |  | 6,709 |  |

STEELMATE AUTOMOTIVE (UK) LIMITED (REGISTERED NUMBER: 04468589) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 DECEMBER 2025

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 4,420 |  | - |  |

| Between one and five years | 45,954 |  | - |  |

50,374 |  | - |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 9,430 |  | 9,430 |  |

| Between one and five years | 14,931 |  | 24,361 |  |

24,361 |  | 33,791 |  |

9. | SECURED DEBTS

| There are fixed and floating charges over the undertaking of all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant & machinery.

10. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr K M Kay.