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REGISTERED NUMBER: 05698732 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Revcoat Technologies Limited

Revcoat Technologies Limited (Registered number: 05698732)

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Revcoat Technologies Limited

Company Information

for the Year Ended 30 November 2025

| DIRECTORS: | Mr P M Clark

| Mrs P C Clark

| Mr P W Newby

| REGISTERED OFFICE: | Units 2 & 3 Parklands Industrial Estate

| Forest Road

| Denmead

| Waterlooville

| Hampshire

| PO7 6TJ

| REGISTERED NUMBER: | 05698732 (England and Wales)

| ACCOUNTANTS: | Andrew Spencer Associates Limited

| Chartered Certified Accountants

| 328 Chatsworth Avenue

| Cosham

| Portsmouth

| Hampshire

| PO6 2UP

Revcoat Technologies Limited (Registered number: 05698732)

Balance Sheet

30 November 2025

| 30.11.25 |  | 30.11.24

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 111,469 |  | 94,953 |  |

Tangible assets | 5 | 180,961 |  | 260,600 |  |

292,430 |  | 355,553 |  |

CURRENT ASSETS

Stocks | 984,597 |  | 1,072,949 |  |

Debtors | 6 | 444,651 |  | 645,224 |  |

Cash at bank and in hand | 24,617 |  | 22,836 |  |

1,453,865 |  | 1,741,009 |  |

CREDITORS

Amounts falling due within one year | 7 | (2,553,164 | ) | (2,524,192 | ) |

NET CURRENT LIABILITIES | (1,099,299 | ) | (783,183 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (806,869 | ) | (427,630 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | (56,915 | ) | (126,410 | ) |

NET LIABILITIES | (863,784 | ) | (554,040 | ) |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | (863,785 | ) | (554,041 | ) |

SHAREHOLDERS' FUNDS | (863,784 | ) | (554,040 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Revcoat Technologies Limited (Registered number: 05698732)

Balance Sheet - continued

30 November 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 Board of Directors and authorised for issue on 14 August 2026 and were signed on its behalf by:

Mr P M Clark - Director

Revcoat Technologies Limited (Registered number: 05698732)

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| Revcoat Technologies 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.

| The financial statements relate to Revcoat Technologies Limited as an individual entity.

| Turnover

| Turnover represents the value of goods and services supplied from ordinary activities, and stated after trade discounts, other sales taxes and net of value added tax. Turnover is recognised at the point of delivery which is also the date of raising the invoice.

| 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.

| Type Approval Costs are being amortised evenly over their 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 33% on cost and 20% on cost

| Fixtures and fittings | - | 25% on cost

| Motor vehicles | - | 33% on cost

| Equipment | - | 33% on cost

| 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.

| Research and development

| Expenditure on research and development is capitalised as an Intangible asset and written off on a 5 year straight line basis.

Revcoat Technologies Limited (Registered number: 05698732)

Notes to the Financial Statements - continued

for the Year Ended 30 November 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 contributions pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

| Going concern

| At 30 November 2025 the company had net liabilities of £863,784 (2024:£554,040)

| The director of the holding company, JCGS No 2 Ltd, has confirmed that the company will continue to provide financial support to Revcoat Technologies Ltd for the foreseeable future and that they will not seek full repayment of the inter-company loan until Revcoat Technologies Ltd is in a financial position to enable the loan to be repaid. Included within the above, as detailed in Note 10 are amounts owed to the holding company of £2,033,653 (2024: £2,076,104).

| The director has considered the future position of the company and is of the opinion that the company will return to profitability in the foreseeable future.

| In view of the above and as the holding company has sufficient assets to be able to support this, the director considers that the going concern basis for the preparation of the accounts is appropriate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2024 - 20 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 December 2024 | 780,416 |  |

| Additions | 62,306 |  |

| At 30 November 2025 | 842,722 |  |

| AMORTISATION

| At 1 December 2024 | 685,463 |  |

| Charge for year | 45,790 |  |

| At 30 November 2025 | 731,253 |  |

| NET BOOK VALUE

| At 30 November 2025 | 111,469 |  |

| At 30 November 2024 | 94,953 |  |

Revcoat Technologies Limited (Registered number: 05698732)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 December 2024 | 1,434,624 |  | 1,609 |  | 77,745 |  | 10,934 |  | 1,524,912 |  |

| Additions | 19,000 |  | - |  | - |  | 121 |  | 19,121 |  |

| At 30 November 2025 | 1,453,624 |  | 1,609 |  | 77,745 |  | 11,055 |  | 1,544,033 |  |

| DEPRECIATION

| At 1 December 2024 | 1,224,622 |  | 1,609 |  | 27,147 |  | 10,934 |  | 1,264,312 |  |

| Charge for year | 78,006 |  | - |  | 20,748 |  | 6 |  | 98,760 |  |

| At 30 November 2025 | 1,302,628 |  | 1,609 |  | 47,895 |  | 10,940 |  | 1,363,072 |  |

| NET BOOK VALUE

| At 30 November 2025 | 150,996 |  | - |  | 29,850 |  | 115 |  | 180,961 |  |

| At 30 November 2024 | 210,002 |  | - |  | 50,598 |  | - |  | 260,600 |  |

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

| Plant and

| machinery

£ |

| COST

| At 1 December 2024

| and 30 November 2025 | 348,000 |  |

| DEPRECIATION

| At 1 December 2024 | 151,800 |  |

| Charge for year | 67,200 |  |

| At 30 November 2025 | 219,000 |  |

| NET BOOK VALUE

| At 30 November 2025 | 129,000 |  |

| At 30 November 2024 | 196,200 |  |

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Trade debtors | 92,911 |  | 98,907 |  |

| Amounts owed by participating interests | - |  | 228,703 |  |

| Other debtors | 351,740 |  | 317,614 |  |

444,651 |  | 645,224 |  |

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans and overdrafts (see note 9) | 5,242 |  | 10,364 |  |

| Hire purchase contracts (see note 10) | 64,266 |  | 59,869 |  |

| Trade creditors | 257,250 |  | 270,663 |  |

| Amounts owed to group undertakings | 2,033,653 |  | 2,076,104 |  |

| Amounts owed to participating interests | 3,858 |  | - |  |

| Taxation and social security | 155,441 |  | 76,098 |  |

| Other creditors | 33,454 |  | 31,094 |  |

2,553,164 |  | 2,524,192 |  |

Revcoat Technologies Limited (Registered number: 05698732)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans (see note 9) | - |  | 5,229 |  |

| Hire purchase contracts (see note 10) | 56,915 |  | 121,181 |  |

56,915 |  | 126,410 |  |

9. | LOANS

| Bounceback Loan

| The company has received a bounceback loan. This loan is unsecured, interest and repayment free for the first 12 months, followed by 60 repayments with an interest rate of 2.5%.

10. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 30.11.25 |  | 30.11.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 64,266 |  | 59,869 |  |

| Between one and five years | 56,915 |  | 121,181 |  |

121,181 |  | 181,050 |  |

| Non-cancellable |

| operating leases |

| 30.11.25 |  | 30.11.24

£ | £ |

| Within one year | 88,437 |  | 100,662 |  |

| Between one and five years | 154,305 |  | 115,659 |  |

242,742 |  | 216,321 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.11.25 |  | 30.11.24

£ | £ |

| Hire purchase contracts | 121,181 |  | 181,050 |  |

12. | DEFERRED TAX

£ |

| Balance at 1 December 2024 | (147,493 | ) |

| Excess of capital allowances | (14,141 | ) |

| over depreciation |

| Losses (added)/utilised | (35,320 | ) |

| Balance at 30 November 2025 | (196,954 | ) |

13. | CONTINGENT LIABILITIES

| The company has provided a cross guarantee to the company's bankers on behalf of European Exhaust and Catalyst Limited for the value of it's overdraft facility which at 30 November 2025 was £Nil (2024: £Nil).

Revcoat Technologies Limited (Registered number: 05698732)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The loan made to the director is interest free and is repayable on demand.

15. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mrs P C Clark.