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REGISTERED NUMBER: 09901525 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| MILLWOOD MANUFACTURING LTD |

MILLWOOD MANUFACTURING LTD (REGISTERED NUMBER: 09901525) |

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 |

| MILLWOOD MANUFACTURING LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr J G Littler

| Mr P Ward

| REGISTERED OFFICE: | Unit 1, Block B, St Michals Industrial E

| Widnes

| Cheshire

| WA8 8TL

| REGISTERED NUMBER: | 09901525 (England and Wales)

| ACCOUNTANTS: | Livesey Spottiswood Ltd

| Chartered Accountants

| 17 George Street

| St Helens

| Merseyside

| WA10 1DB

MILLWOOD MANUFACTURING LTD (REGISTERED NUMBER: 09901525) |

BALANCE SHEET

31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 424,175 |  | 475,446 |  |

CURRENT ASSETS

Stocks | 5 | 2,086,000 |  | 1,641,604 |  |

Debtors | 6 | 230,814 |  | 489,740 |  |

Cash at bank | 45,052 |  | 16,896 |  |

2,361,866 |  | 2,148,240 |  |

CREDITORS

Amounts falling due within one year | 7 | (1,213,308 | ) | (960,717 | ) |

NET CURRENT ASSETS | 1,148,558 |  | 1,187,523 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,572,733 |  | 1,662,969 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (48,243 | ) | (86,352 | ) |

PROVISIONS FOR LIABILITIES | (100,467 | ) | (115,484 | ) |

NET ASSETS | 1,424,023 |  | 1,461,133 |  |

CAPITAL AND RESERVES

Called up share capital | 4 |  | 4 |  |

Retained earnings | 1,424,019 |  | 1,461,129 |  |

SHAREHOLDERS' FUNDS | 1,424,023 |  | 1,461,133 |  |

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2026 and were signed on its behalf by:

Mr J G Littler - Director

Mr P Ward - Director

MILLWOOD MANUFACTURING LTD (REGISTERED NUMBER: 09901525) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Millwood Manufacturing Ltd 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 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 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.

| 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

| Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

| Improvements to property |  | - |  | Over the term of the lease |  |

| Plant and machinery |  | - |  | 15% reducing balance |  |

| Fixtures and fittings |  | - |  | 15% reducing balance |  |

| Motor vehicles |  | - |  | 15% reducing balance |  |

| Computer equipment |  | - |  | Straight line over 4 years |  |

| Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

| 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.

MILLWOOD MANUFACTURING LTD (REGISTERED NUMBER: 09901525) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

| Foreign currencies

| Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

| Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

| Hire purchase and leasing commitments

| Rentals payable under operating leases are charged against profits on a straight line basis over the periods of the leases. Assets acquired under finance leases and hire purchase contracts are capitalised as tangible fixed assets and depreciated in accordance with the accounting policy on depreciation. The related obligations, net of finance costs allocated to future periods, are included in creditors. Finance costs are charged against profits on a straight line basis over the periods of the contracts.

| 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.

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 39 (2024 - 45 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures

| to |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 January 2025 | 15,565 |  | 877,697 |  | 28,405 |  |

| Additions | - |  | 29,961 |  | - |  |

| At 31 December 2025 | 15,565 |  | 907,658 |  | 28,405 |  |

| DEPRECIATION

| At 1 January 2025 | 4,327 |  | 493,637 |  | 15,879 |  |

| Charge for year | 5,188 |  | 61,158 |  | 1,879 |  |

| At 31 December 2025 | 9,515 |  | 554,795 |  | 17,758 |  |

| NET BOOK VALUE

| At 31 December 2025 | 6,050 |  | 352,863 |  | 10,647 |  |

| At 31 December 2024 | 11,238 |  | 384,060 |  | 12,526 |  |

MILLWOOD MANUFACTURING LTD (REGISTERED NUMBER: 09901525) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS - continued

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 74,962 |  | 15,969 |  | 1,012,598 |  |

| Additions | - |  | - |  | 29,961 |  |

| At 31 December 2025 | 74,962 |  | 15,969 |  | 1,042,559 |  |

| DEPRECIATION

| At 1 January 2025 | 14,867 |  | 8,442 |  | 537,152 |  |

| Charge for year | 9,014 |  | 3,993 |  | 81,232 |  |

| At 31 December 2025 | 23,881 |  | 12,435 |  | 618,384 |  |

| NET BOOK VALUE

| At 31 December 2025 | 51,081 |  | 3,534 |  | 424,175 |  |

| At 31 December 2024 | 60,095 |  | 7,527 |  | 475,446 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 2,086,000 |  | 1,641,604 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 175,419 |  | 407,386 |  |

| Other debtors | 5,625 |  | 6,750 |  |

| Amounts due from related parties | 23,959 |  | 49,976 |  |

| Prepayments | 25,811 |  | 25,628 |  |

230,814 |  | 489,740 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 38,113 |  | 28,105 |  |

| Trade creditors | 536,631 |  | 523,412 |  |

| Corporation tax | 15,657 |  | 894 |  |

| Social security and other

| taxes | 29,352 |  | 22,717 |  |

| VAT | 56,482 |  | 52,490 |  |

| Other creditors | 308,428 |  | 314,951 |  |

| Factoring account | 51,817 |  | - |  |

| Amounts owed to related party | 169,945 |  | - |  |

| Directors' current accounts | 317 |  | 2,025 |  |

| Accrued expenses | 6,566 |  | 16,123 |  |

1,213,308 |  | 960,717 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 48,243 |  | 86,352 |  |