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REGISTERED NUMBER: 06557741 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MAGUIRE EUROPE SALES LIMITED

MAGUIRE EUROPE SALES LIMITED (REGISTERED NUMBER: 06557741) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| MAGUIRE EUROPE SALES LIMITED |

COMPANY INFORMATION

for the year ended 31 December 2025

| DIRECTORS: | Mr P Edmondson

| Mr C K Crittenden

| REGISTERED OFFICE: | Unit F Vanguard

| Tame Park

| Wilnecote

| Tamworth

| B77 5DY

| REGISTERED NUMBER: | 06557741 (England and Wales)

| AUDITORS: | Magma Audit LLP (part of the Dains Group)

| Chartered Accountants

| Statutory Auditor

| Unit 2, Charnwood Edge Business Park

| Syston Road

| Leicestershire

| LE7 4UZ

MAGUIRE EUROPE SALES LIMITED (REGISTERED NUMBER: 06557741) |

BALANCE SHEET

31 December 2025

| 2025 |  | 2024

| Notes | $ | $ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 10,909 |  | 14,647 |  |

10,909 |  | 14,647 |  |

CURRENT ASSETS

Stocks | 6 | 2,230,922 |  | 1,940,079 |  |

Debtors | 7 | 1,842,623 |  | 1,563,431 |  |

Cash at bank and in hand | 953,755 |  | 1,237,930 |  |

5,027,300 |  | 4,741,440 |  |

CREDITORS

Amounts falling due within one year | 8 | (657,565 | ) | (212,184 | ) |

NET CURRENT ASSETS | 4,369,735 |  | 4,529,256 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,380,644 |  | 4,543,903 |  |

PROVISIONS FOR LIABILITIES | 9 | (111,150 | ) | (111,500 | ) |

NET ASSETS | 4,269,494 |  | 4,432,403 |  |

CAPITAL AND RESERVES

Called up share capital | 3,852,360 |  | 3,852,360 |  |

Other reserves | 396,124 |  | 396,124 |  |

Retained earnings | 21,010 |  | 183,919 |  |

SHAREHOLDERS' FUNDS | 4,269,494 |  | 4,432,403 |  |

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 4 August 2026 and were signed on its behalf by:

Mr P Edmondson - Director

MAGUIRE EUROPE SALES LIMITED (REGISTERED NUMBER: 06557741) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2025

1. | STATUTORY INFORMATION

| Maguire Europe Sales Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is Unit F, Tame Park Vanguard, Wilnecote, Tamworth, B77 5DY and the registered number is 06557741.

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 US Dollars, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest $1.

| Going concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors believe that the company has sufficient resources to meet its liabilities for at least 12 months from signing these financial statements. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Turnover

| Turnover is accounted for on a receivable basis and is accounted for at the time that the goods are dispatched. All closing stock therefore consists of stock not yet sold and dispatched.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| 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.

| Computer software is being amortised evenly over its estimated useful life of three years.

| Tangible fixed assets

| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

| Plant and equipment |  | 10% per annum |  |

| Fixtures and fittings |  | 20% per annum |  |

| 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.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

MAGUIRE EUROPE SALES LIMITED (REGISTERED NUMBER: 06557741) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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 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.

| Cash and cash equivalents

| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Basic financial liabilities

| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

| Equity instruments

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

| Taxation

| The tax expense represents the sum of the currently payable and deferred tax.

| Current tax

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

| Deferred tax

| Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

| Foreign currencies

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

| Operating leases

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MAGUIRE EUROPE SALES LIMITED (REGISTERED NUMBER: 06557741) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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 7 (2024 - 7 ) .

4. | INTANGIBLE FIXED ASSETS

| Computer

| software

$ |

| COST

| At 1 January 2025

| and 31 December 2025 | 291,300 |  |

| AMORTISATION

| At 1 January 2025

| and 31 December 2025 | 291,300 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Totals

$ | $ | $ |

| COST

| At 1 January 2025 | 26,336 |  | 11,813 |  | 38,149 |  |

| Additions | - |  | 930 |  | 930 |  |

| Disposals | - |  | (3,028 | ) | (3,028 | ) |

| At 31 December 2025 | 26,336 |  | 9,715 |  | 36,051 |  |

| DEPRECIATION

| At 1 January 2025 | 16,878 |  | 6,624 |  | 23,502 |  |

| Charge for year | 2,634 |  | 2,034 |  | 4,668 |  |

| Eliminated on disposal | - |  | (3,028 | ) | (3,028 | ) |

| At 31 December 2025 | 19,512 |  | 5,630 |  | 25,142 |  |

| NET BOOK VALUE

| At 31 December 2025 | 6,824 |  | 4,085 |  | 10,909 |  |

| At 31 December 2024 | 9,458 |  | 5,189 |  | 14,647 |  |

6. | STOCKS

2025 | 2024 |

$ | $ |

| Stocks | 2,230,922 |  | 1,940,079 |  |

MAGUIRE EUROPE SALES LIMITED (REGISTERED NUMBER: 06557741) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

7. | DEBTORS

2025 | 2024 |

$ | $ |

| Amounts falling due within one year:

| Trade debtors | 1,434,054 |  | 1,282,275 |  |

| Other debtors | 475 |  | - |  |

| Tax | 101,165 |  | 10,415 |  |

| VAT | - |  | 4,589 |  |

| Prepayments | 36,546 |  | 15,734 |  |

1,572,240 |  | 1,313,013 |  |

| Amounts falling due after more than one year:

| Other debtors | 270,383 |  | 250,418 |  |

| Aggregate amounts | 1,842,623 |  | 1,563,431 |  |

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

2025 | 2024 |

$ | $ |

| Trade creditors | 446,861 |  | 91,097 |  |

| Tax | 112,651 |  | 748 |  |

| VAT | 26,475 |  | - |  |

| Accruals and deferred income | 71,578 |  | 120,339 |  |

657,565 |  | 212,184 |  |

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

$ | $ |

| Deferred tax | 1,150 |  | 1,500 |  |

| Other provisions | 110,000 |  | 110,000 |  |

111,150 |  | 111,500 |  |

| Deferred |  | Dilapidati |

| tax |  | ons |

$ | $ |

| Balance at 1 January 2025 | 1,500 |  | 110,000 |  |

| Credit to Profit and Loss Account during year | (350 | ) | - |  |

| Balance at 31 December 2025 | 1,150 |  | 110,000 |  |

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

| The Auditors' Report was unqualified.

| Paul Orton FCA FCCA (Senior Statutory Auditor)

| for and on behalf of Magma Audit LLP (part of the Dains Group)

11. | OTHER FINANCIAL COMMITMENTS

| The company offers warranties on some of the products that it sells ranging in periods of up to 5 years. The directors review historic warranty claims made in prior periods and also review the post balance sheet period to ensure that any material warranty claims relating to products sold in the period prior to 31 December 2025 are provided for as and where appropriate.

MAGUIRE EUROPE SALES LIMITED (REGISTERED NUMBER: 06557741) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| Description |  | Opening |  | Amounts |  | Amounts |  | Exchange |  | Closing |  |

|  | balance |  | advanced |  | repaid |  | restatement |  | balance |  |

|  | $ |  | $ |  | $ |  | $ |  | $ |  |

| Loan to director |  | 250,418 |  | - |  | - |  | 19,965 |  | 270,383 |  |

13. | RELATED PARTY DISCLOSURES

| Transactions in relation to related parties during the year are outlined in the table below: |  |

|  | Recharges |  | Interest payable |  |

|  | 2025 |  | 2024 |  | 2025 |  | 2024 |  |

|  | $ |  | $ |  | $ |  | $ |  |

| Entities with control, joint control or significant influence over the company |  | - |  | - |  | - |  | 186,460 |  |

| Other related parties |  | (44,448 | ) | 260,598 |  | - |  | - |  |

|  | (44,448 | ) | 260,598 |  | - |  | 186,460 |  |

| The following amounts were outstanding at the reporting end date: |  |  |

|  | Amounts owed to related parties |  | Amounts owed by related parties |  |

|  | 2025 |  | 2024 |  | 2025 |  | 2024 |  |

|  | $ |  | $ |  | $ |  | $ |  |

| Entities with control, joint control or significant influence over the company |  | - |  | - |  | - |  | - |  |

| Other related parties |  | - |  | - |  | - |  | 24,804 |  |

|  | - |  | - |  | - |  | 24,804 |  |

| In 2024, $155,202 was recovered from another related party in respect of a previously written off bad debt.

| No guarantees have been given or received.

14. | ULTIMATE CONTROLLING PARTY

| Following its acquisition of the share capital on 18 July 2025, Gravitech Holdings Limited became the company's parent company. Gravitech Holdings Limited is a company incorporated in England and Wales and its registered office is Unit F Vanguard, Tame Park, Tamworth, United Kingdom, B77 5DY.

| No one party has ultimate control.