IRIS Accounts Production v26.1.10.61 02447366 Board of Directors 1.1.25 31.12.25 31.12.25 Medium entities true false true true false false true true true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02447366 2024-12-31 02447366 2025-12-31 02447366 2025-01-01 2025-12-31 02447366 2023-12-31 02447366 2024-01-01 2024-12-31 02447366 2024-12-31 02447366 ns15:EnglandWales 2025-01-01 2025-12-31 02447366 ns14:PoundSterling 2025-01-01 2025-12-31 02447366 ns10:Director1 2025-01-01 2025-12-31 02447366 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02447366 ns10:MediumEntities 2025-01-01 2025-12-31 02447366 ns10:Audited 2025-01-01 2025-12-31 02447366 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 02447366 ns10:Medium-sizedCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02447366 ns10:FullAccounts 2025-01-01 2025-12-31 02447366 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 02447366 ns10:Director2 2025-01-01 2025-12-31 02447366 ns10:Director3 2025-01-01 2025-12-31 02447366 ns10:Director4 2025-01-01 2025-12-31 02447366 ns10:Director5 2025-01-01 2025-12-31 02447366 ns10:Director6 2025-01-01 2025-12-31 02447366 ns10:Director7 2025-01-01 2025-12-31 02447366 ns10:Director8 2025-01-01 2025-12-31 02447366 ns10:CompanySecretary1 2025-01-01 2025-12-31 02447366 ns10:RegisteredOffice 2025-01-01 2025-12-31 02447366 ns5:CurrentFinancialInstruments 2025-12-31 02447366 ns5:CurrentFinancialInstruments 2024-12-31 02447366 ns5:ShareCapital 2025-12-31 02447366 ns5:ShareCapital 2024-12-31 02447366 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-12-31 02447366 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 02447366 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 02447366 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 02447366 ns5:ShareCapital 2023-12-31 02447366 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 02447366 ns5:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 02447366 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 02447366 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-01-01 2024-12-31 02447366 ns5:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 02447366 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-01-01 2025-12-31 02447366 ns5:PlantMachinery 2025-01-01 2025-12-31 02447366 ns5:FurnitureFittings 2025-01-01 2025-12-31 02447366 ns5:MotorVehicles 2025-01-01 2025-12-31 02447366 ns5:ComputerEquipment 2025-01-01 2025-12-31 02447366 ns10:HighestPaidDirector 2025-01-01 2025-12-31 02447366 ns10:HighestPaidDirector 2024-01-01 2024-12-31 02447366 ns5:OwnedAssets 2025-01-01 2025-12-31 02447366 ns5:OwnedAssets 2024-01-01 2024-12-31 02447366 1 2025-01-01 2025-12-31 02447366 1 2024-01-01 2024-12-31 02447366 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 02447366 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-12-31 02447366 ns5:PlantMachinery 2024-12-31 02447366 ns5:FurnitureFittings 2024-12-31 02447366 ns5:ShortLeaseholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 02447366 ns5:ShortLeaseholdAssets ns5:LandBuildings 2025-12-31 02447366 ns5:PlantMachinery 2025-12-31 02447366 ns5:FurnitureFittings 2025-12-31 02447366 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-12-31 02447366 ns5:PlantMachinery 2024-12-31 02447366 ns5:FurnitureFittings 2024-12-31 02447366 ns5:MotorVehicles 2024-12-31 02447366 ns5:ComputerEquipment 2024-12-31 02447366 ns5:MotorVehicles 2025-12-31 02447366 ns5:ComputerEquipment 2025-12-31 02447366 ns5:MotorVehicles 2024-12-31 02447366 ns5:ComputerEquipment 2024-12-31 02447366 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 02447366 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 02447366 ns5:WithinOneYear 2025-12-31 02447366 ns5:WithinOneYear 2024-12-31 02447366 ns5:BetweenOneFiveYears 2025-12-31 02447366 ns5:BetweenOneFiveYears 2024-12-31 02447366 ns5:MoreThanFiveYears 2025-12-31 02447366 ns5:MoreThanFiveYears 2024-12-31 02447366 ns5:AllPeriods 2025-12-31 02447366 ns5:AllPeriods 2024-12-31 02447366 ns5:AcceleratedTaxDepreciationDeferredTax 2025-12-31 02447366 ns5:AcceleratedTaxDepreciationDeferredTax 2024-12-31 02447366 ns5:DeferredTaxation 2024-12-31 02447366 ns5:DeferredTaxation 2025-01-01 2025-12-31 02447366 ns5:DeferredTaxation 2025-12-31 02447366 ns10:OrdinaryShareClass1 2025-12-31 02447366 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 02447366 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31

REGISTERED NUMBER: 02447366 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2025

for

Compass Engineering Limited

| Compass Engineering Limited (Registered number: 02447366) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Independent Auditors' Report | 5 |

| Statement of Comprehensive Income | 8 |

| Balance Sheet | 9 |

| Statement of Changes in Equity | 10 |

| Notes to the Financial Statements | 11 |

| Compass Engineering Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | Dr T P Broadbent

| Mr A D Hibbins

| Mr J R Gardham

| Mr J E Broadbent

| Mr S Batty

| Mr C Batty

| Mr S P Walker

| Mr C Craddock

| SECRETARY: | Mrs E M Broadbent

| REGISTERED OFFICE: | Whaley Road

| Barugh Green

| Barnsley

| South Yorkshire

| S75 1HT

| REGISTERED NUMBER: | 02447366 (England and Wales)

| AUDITORS: | Harris & Co Limited

| Chartered Accountants & Statutory Auditor

| Marland House

| 13 Huddersfield Road

| Barnsley

| South Yorkshire

| S70 2LW

| Compass Engineering Limited (Registered number: 02447366) |

Strategic Report

for the Year Ended 31 December 2025

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

Compass Engineering Ltd is a wholly owned subsidiary of Compass Holdings Limited.

The principal activity of Compass Engineering Limited continues to be structural engineering. The company has an experienced in-house team of designers and detailers and a modern and efficient fabrication shop. Active and organised site management oversee the supply and installation of the steel structures to clients.

There is no foreseeable change to these current company activities.

PRINCIPAL RISKS AND UNCERTAINTIES

The Directors actively monitor pricing and contract management on a regular basis to ensure accuracy, competitiveness and to take into account market fluctuations.

Rigorous credit control procedures and appropriate credit insurance is undertaken to mitigate the financial risks the company may be exposed to from non-payment by clients.

Health and safety employee welfare continues to be a high priority. The company employs a dedicated SHEQ (Safety Health Environment and Quality) manager who is highly qualified to monitor, oversee and implement procedures in line with OHSAS 18001 (Occupational Health Safety Standard achieved in October 2012). In August 2021 the company achieved accreditation to ISO 45001 (the international standard for occupational health and safety) and maintains this standard through internal and external audits.

The company is committed to employee enhancement and retention. The company has invested in management training and continues to work with local educational establishments to employ apprentices and/or trainees to ensure a continuation of skilled and experienced employees for the future.

SUPPLY CHAIN

The company continues to maintain cost effective and timely sourcing of materials primarily due to our long established and close working relationships with key suppliers.

STRATEGY

The company's success will continue to depend on the selection, pricing and management of contracts.

The company puts great emphasis on maintaining and nurturing strong relationships with existing clients whilst exploring opportunities for new clients.

The company recognises that for the future of the company employing, training and advancing individuals is of paramount importance.

The company aims to provide additional resources to ensure increased standards of work are achieved, setting them above their competition in terms of safety, quality and customer satisfaction.

Compass Engineering Limited have no borrowings and the directors prudently manage cashflow, credit control and insurances.

ON BEHALF OF THE BOARD:

Dr T P Broadbent - Director

11 August 2026

| Compass Engineering Limited (Registered number: 02447366) |

Report of the Directors

for the Year Ended 31 December 2025

The directors present their report with the financial statements of the Company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the Company in the year under review was that of structural engineers.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2025 will be £ 1,000,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

Dr T P Broadbent

Mr A D Hibbins

Mr J R Gardham

Mr J E Broadbent

Mr S Batty

Mr C Batty

Mr S P Walker

Mr C Craddock

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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 directors are 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 each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

| Compass Engineering Limited (Registered number: 02447366) |

Report of the Directors

for the Year Ended 31 December 2025

AUDITORS

The auditors, Harris & Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Dr T P Broadbent - Director

11 August 2026

Independent Auditors' Report to the Members of

Compass Engineering Limited

Opinion

We have audited the financial statements of Compass Engineering Limited (the 'Company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 31 December 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 directors' 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 directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Auditors' Report 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 Directors 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 Directors have been prepared in accordance with applicable legal requirements.

Independent Auditors' Report to the Members of

Compass Engineering 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 Directors.

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 directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

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 an Auditors' Report 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. 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:

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- |  | Enquiring of management, including obtaining and reviewing supporting documentation, concerning the company's policies and procedures relating to: |

- |  | Identifying, evaluating and complying with laws and regulations and whether they were aware of |

| any instances of non-compliance; |

- |  | Detecting and responding to the risks of fraud and whether they have knowledge of any actual, |

| suspected or alleged fraud; |

- |  | The internal controls established to mitigate risk related to fraud or non-compliance with laws & |

| regulations; |

- |  | Obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company. The key laws and regulations we considered in this context included the UK Companies Act, tax legislation, data protection, anti bribery, employment and health & safety regulation and we considered the extent to which non-compliance might have a material impact on the financial statements. |

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 Auditors' Report.

Independent Auditors' Report to the Members of

Compass Engineering Limited

Audit response to risks identified

Our procedures to respond to risks identified included the following:

- |  | Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations; |

- |  | Enquiring of management concerning actual and potential litigation and claims; |

- |  | Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risk of material misstatement due to fraud; and |

- |  | In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing the judgements used in accounting estimates to assess whether these may be indicative of potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. |

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Tom Garner CA CTA (Senior Statutory Auditor)

for and on behalf of Harris & Co Limited

Chartered Accountants & Statutory Auditor

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

11 August 2026

| Compass Engineering Limited (Registered number: 02447366) |

Statement of Comprehensive

Income

for the Year Ended 31 December 2025

| 31.12.25 |  | 31.12.24

| Notes | £ | £ |

TURNOVER | 4 | 19,896,246 |  | 22,601,828 |  |

Cost of sales | 15,345,228 |  | 17,744,725 |  |

GROSS PROFIT | 4,551,018 |  | 4,857,103 |  |

Administrative expenses | 3,520,513 |  | 3,529,435 |  |

1,030,505 |  | 1,327,668 |  |

Other operating income | 5 | 2,000 |  | 500 |  |

OPERATING PROFIT | 8 | 1,032,505 |  | 1,328,168 |  |

Interest receivable and similar income | 9 | 93,533 |  | 45,894 |  |

1,126,038 |  | 1,374,062 |  |

Interest payable and similar expenses | 10 | - |  | 4 |  |

PROFIT BEFORE TAXATION | 1,126,038 |  | 1,374,058 |  |

Tax on profit | 11 | 247,842 |  | 343,609 |  |

PROFIT FOR THE FINANCIAL YEAR | 878,196 |  | 1,030,449 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 878,196 |  | 1,030,449 |  |

| Compass Engineering Limited (Registered number: 02447366) |

Balance Sheet

31 December 2025

| 31.12.25 |  | 31.12.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 13 | 351,290 |  | 366,167 |  |

CURRENT ASSETS

Stocks | 14 | 1,610 |  | 3,530 |  |

Debtors | 15 | 6,886,427 |  | 2,468,976 |  |

Cash at bank and in hand | 3,145,129 |  | 4,382,669 |  |

10,033,166 |  | 6,855,175 |  |

CREDITORS

Amounts falling due within one year | 16 | (6,532,156 | ) | (3,248,113 | ) |

NET CURRENT ASSETS | 3,501,010 |  | 3,607,062 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,852,300 |  | 3,973,229 |  |

PROVISIONS FOR LIABILITIES | 18 | (69,828 | ) | (68,953 | ) |

NET ASSETS | 3,782,472 |  | 3,904,276 |  |

CAPITAL AND RESERVES

Called up share capital | 19 | 100 |  | 100 |  |

Other reserves | 20 | 1,200,000 |  | 1,200,000 |  |

Retained earnings | 20 | 2,582,372 |  | 2,704,176 |  |

SHAREHOLDERS' FUNDS | 3,782,472 |  | 3,904,276 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2026 and were signed on its behalf by:

Dr T P Broadbent - Director

| Compass Engineering Limited (Registered number: 02447366) |

Statement of Changes in Equity

for the Year Ended 31 December 2025

| Called up |

| share |  | Retained |  | Other |  | Total

| capital |  | earnings |  | reserves |  | equity

£ | £ | £ | £ |

Balance at 1 January 2024 | 100 |  | 4,173,727 |  | 1,200,000 |  | 5,373,827 |  |

Changes in equity

Dividends | - |  | (2,500,000 | ) | - |  | (2,500,000 | ) |

Total comprehensive income | - |  | 1,030,449 |  | - |  | 1,030,449 |  |

Balance at 31 December 2024 | 100 |  | 2,704,176 |  | 1,200,000 |  | 3,904,276 |  |

Changes in equity

Dividends | - |  | (1,000,000 | ) | - |  | (1,000,000 | ) |

Total comprehensive income | - |  | 878,196 |  | - |  | 878,196 |  |

Balance at 31 December 2025 | 100 |  | 2,582,372 |  | 1,200,000 |  | 3,782,472 |  |

| Compass Engineering Limited (Registered number: 02447366) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Compass Engineering 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 and functional currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value.

| Going concern

| At the time of approving the financial statements, the directors have prepared forecasts and considered other events, and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows;

| • | the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

| • | the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

| • | the requirement of paragraph 33.7.

| Preparation of consolidated financial statements

| The company is a wholly owned subsidiary of Compass Holdings Limited and of its ultimate parent, Compass Engineering Holdings Limited. It is included in the consolidated financial statements of Compass Engineering Holdings Limited which are publicly available. The company is exempt by virtue of section 400 of the Companies Act 2006 from the requirement to prepare consolidated financial statements. The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is Compass Engineering Holdings Limited. The address of the parent’s registered office is Whaley Road, Barugh, Barnsley, South Yorkshire, S75 1HT.

| Significant judgements and estimates

| The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

| Useful lives and impairment of fixed assets

| The annual depreciation charge for tangible assets and their carrying amount is determined by the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually and amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

| Compass Engineering Limited (Registered number: 02447366) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| Significant judgements and estimates - continued

| Impairment of debtors

| The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

| Long-term contracts

| Management use their knowledge and experience to estimate the expected fabrication and other costs by contract. These estimates have a direct impact on the revenues, costs, debtors and creditors balances associated with accounting for contracts.

| Turnover

| Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

| When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

| Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

| Tangible fixed assets

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

| Plant and machinery | - | 20% on cost straight line and 10% on cost straight line

| Fixtures and fittings | - | 10% on cost straight line

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 20% on cost straight line

| All fixed assets are initially recorded at cost.

| The 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.

| At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Stocks

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

| Compass Engineering Limited (Registered number: 02447366) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| Taxation

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

| 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 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.

| Other Financial Assets

| Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

| Compass Engineering Limited (Registered number: 02447366) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| 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 the 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.

| 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 rate method.

| Other Financial Liabilities

| Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

| Derecognition of Financial Liabilities

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

| Compass Engineering Limited (Registered number: 02447366) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| Construction contracts

| Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

| When it is probable that costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

| Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Fabrication costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

| The "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

4. | TURNOVER

| Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods falling within the company's ordinary activities.

5. | OTHER OPERATING INCOME

| 31.12.25 |  | 31.12.24

£ | £ |

| Sundry receipts | 2,000 |  | 500 |  |

6. | EMPLOYEES AND DIRECTORS

| 31.12.25 |  | 31.12.24

£ | £ |

| Wages and salaries | 2,446,106 |  | 2,413,747 |  |

| Social security costs | 321,842 |  | 250,715 |  |

| Other pension costs | 101,163 |  | 107,512 |  |

2,869,111 |  | 2,771,974 |  |

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

| 31.12.25 |  | 31.12.24

| Office and management | 24 |  | 24 |  |

| Works | 28 |  | 27 |  |

52 |  | 51 |  |

7. | DIRECTORS' EMOLUMENTS

| 31.12.25 |  | 31.12.24

£ | £ |

| Directors' remuneration | 352,095 |  | 434,984 |  |

| Directors' pension contributions to money purchase schemes | 23,103 |  | 24,013 |  |

| Compass Engineering Limited (Registered number: 02447366) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

7. | DIRECTORS' EMOLUMENTS - continued

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 4 |  | 5 |  |

| Information regarding the highest paid director is as follows:

| 31.12.25 |  | 31.12.24

£ | £ |

| Emoluments etc | 96,941 |  | 95,750 |  |

| Pension contributions to money purchase schemes | 6,950 |  | 4,224 |  |

8. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 31.12.25 |  | 31.12.24

£ | £ |

| Other operating leases | 25,628 |  | 24,767 |  |

| Depreciation - owned assets | 91,360 |  | 75,752 |  |

| (Profit)/loss on disposal of fixed assets | (574 | ) | 2,518 |  |

| Auditors' remuneration | 15,000 |  | 15,000 |  |

| Auditors' remuneration for non audit work | 5,000 |  | 7,700 |  |

9. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 31.12.25 |  | 31.12.24

£ | £ |

| Deposit account interest | 87,773 |  | 45,894 |  |

| Other interest | 5,760 |  | - |  |

93,533 |  | 45,894 |  |

10. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 31.12.25 |  | 31.12.24

£ | £ |

| Other interest | - |  | 4 |  |

11. | TAXATION

| Analysis of the tax charge

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Current tax:

| UK corporation tax | 246,967 |  | 310,599 |  |

| Deferred tax | 875 |  | 33,010 |  |

| Tax on profit | 247,842 |  | 343,609 |  |

| Compass Engineering Limited (Registered number: 02447366) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

11. | TAXATION - continued

| 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:

| 31.12.25 |  | 31.12.24

£ | £ |

| Profit before tax | 1,126,038 |  | 1,374,058 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 281,510 |  | 343,515 |  |

| Effects of:

| Expenses not deductible for tax purposes | 2,238 |  | 94 |  |

| Income not taxable for tax purposes | (144 | ) | - |  |

| Group relief | (35,762 | ) | - |  |

| Total tax charge | 247,842 |  | 343,609 |  |

12. | DIVIDENDS

| 31.12.25 |  | 31.12.24

£ | £ |

| Interim | 1,000,000 |  | 2,500,000 |  |

13. | TANGIBLE FIXED ASSETS

| Fixtures

| Short |  | Plant and |  | and

| leasehold |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 January 2025 | - |  | 1,222,266 |  | 90,194 |  |

| Additions | 25,492 |  | 17,970 |  | 1,454 |  |

| Disposals | - |  | - |  | - |  |

| At 31 December 2025 | 25,492 |  | 1,240,236 |  | 91,648 |  |

| DEPRECIATION

| At 1 January 2025 | - |  | 1,103,187 |  | 85,964 |  |

| Charge for year | 5,100 |  | 24,506 |  | 847 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 December 2025 | 5,100 |  | 1,127,693 |  | 86,811 |  |

| NET BOOK VALUE

| At 31 December 2025 | 20,392 |  | 112,543 |  | 4,837 |  |

| At 31 December 2024 | - |  | 119,079 |  | 4,230 |  |

| Compass Engineering Limited (Registered number: 02447366) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

13. | TANGIBLE FIXED ASSETS - continued

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 291,853 |  | 209,796 |  | 1,814,109 |  |

| Additions | 33,459 |  | 11,319 |  | 89,694 |  |

| Disposals | (30,163 | ) | (110,584 | ) | (140,747 | ) |

| At 31 December 2025 | 295,149 |  | 110,531 |  | 1,763,056 |  |

| DEPRECIATION

| At 1 January 2025 | 60,814 |  | 197,977 |  | 1,447,942 |  |

| Charge for year | 55,586 |  | 5,321 |  | 91,360 |  |

| Eliminated on disposal | (16,952 | ) | (110,584 | ) | (127,536 | ) |

| At 31 December 2025 | 99,448 |  | 92,714 |  | 1,411,766 |  |

| NET BOOK VALUE

| At 31 December 2025 | 195,701 |  | 17,817 |  | 351,290 |  |

| At 31 December 2024 | 231,039 |  | 11,819 |  | 366,167 |  |

14. | STOCKS

| 31.12.25 |  | 31.12.24

£ | £ |

| Finished goods | 1,610 |  | 3,530 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 3,903,759 |  | 830,990 |  |

| Amounts owed by group undertakings | 1,166,660 |  | 657,921 |  |

| Amounts recoverable on contract | 1,227,547 |  | 684,677 |  |

| VAT | 196,001 |  | - |  |

| Prepayments and accrued income | 392,460 |  | 295,388 |  |

6,886,427 |  | 2,468,976 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 5,383,544 |  | 2,506,728 |  |

| Corporation tax | 160,989 |  | 84,117 |  |

| Social security and other taxes | 67,369 |  | 64,061 |  |

| VAT | - |  | 53,111 |  |

| Other creditors | 36,428 |  | 33,057 |  |

| Accruals and deferred income | 883,826 |  | 507,039 |  |

6,532,156 |  | 3,248,113 |  |

| Compass Engineering Limited (Registered number: 02447366) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

17. | LEASING AGREEMENTS

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Within one year | 29,146 |  | 16,660 |  |

| Between one and five years | 24,654 |  | 28,043 |  |

| In more than five years | - |  | 1,030 |  |

53,800 |  | 45,733 |  |

18. | PROVISIONS FOR LIABILITIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Deferred tax

| Accelerated capital allowances | 69,828 |  | 68,953 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 68,953 |  |

| Charge to Statement of Comprehensive Income during year | 875 |  |

| Balance at 31 December 2025 | 69,828 |  |

19. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

20. | RESERVES

| Retained |  | Other |

| earnings |  | reserves |  | Totals

£ | £ | £ |

| At 1 January 2025 | 2,704,176 |  | 1,200,000 |  | 3,904,176 |  |

| Profit for the year | 878,196 |  | 878,196 |  |

| Dividends | (1,000,000 | ) | (1,000,000 | ) |

| At 31 December 2025 | 2,582,372 |  | 1,200,000 |  | 3,782,372 |  |

21. | RELATED PARTY DISCLOSURES

| 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.

22. | ULTIMATE CONTROLLING PARTY

| The immediate parent company is Compass Holdings Limited and the ultimate parent company is Compass Engineering Holdings Limited, both registered in England and Wales.

| The directors consider there to be no ultimate controlling party.