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REGISTERED NUMBER: 03015648 (England and Wales)

| Strategic Report, Report of the Directors and |

| Financial Statements |

| for the Year Ended 31 January 2026 |

| for |

| Mantank Environmental Services Limited |

| Mantank Environmental Services Limited (Registered number: 03015648) |

Contents of the Financial Statements

for the Year Ended 31 January 2026

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Statement of Comprehensive Income | 10 |

| Balance Sheet | 11 |

| Statement of Changes in Equity | 12 |

| Notes to the Financial Statements | 13 |

| Mantank Environmental Services Limited |

Company Information

for the Year Ended 31 January 2026

| DIRECTORS: | D A Royle

| J Brown

| L Royle

| REGISTERED OFFICE: | Hill House Farm

| Redmarshall Road

| Redmarshall

| STOCKTON ON TEES

| TS21 1EW

| REGISTERED NUMBER: | 03015648 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Kevin Shotton BA BFP FCA

| AUDITORS: | Clive Owen LLP

| Chartered Accountants

| & Statutory Auditors

| Great North House, Allington Way

| DARLINGTON

| Co Durham

| DL1 4QB

| Mantank Environmental Services Limited (Registered number: 03015648) |

Strategic Report

for the Year Ended 31 January 2026

The directors present their strategic report for the year ended 31 January 2026.

Mantank Environmental Services Limited (Mantank) has been firmly established for over 20 years within the waste management industry - a sector it continues to support to a high standard and provide key services via ongoing growth, development and investment in its staff, processes and equipment. Mantank is consistently striving to achieve minimal environmental impact whilst maintaining the highest levels of safety and efficiency while upholding its core values of progression within the industry for the benefit of its employees, customers and suppliers. Environmental impact is a global issue which is principle to the industry Mantank operates in and is also pivotal to the day to day decisions of the business - its depots continue to be accredited to ISO9001, ISO14001, ISO45001, PAS99 and are members of the British Safety Council as well as other recognised industry based accreditations.

REVIEW OF BUSINESS

The company has continued its waste removal activity while exploring other areas of connected expansion possibilities to ensure its growth in the future and securing its place within the industry.

The following KPI's show the company's continued investment and its positive impact on the business.

| 2026 |  |  | 2025 |  |  | % change |  |

Turnover |  | £15,468,715 |  |  | £12,785,908 |  |  | 21% |  |

Gross profit |  | £4,747,447 |  |  | £3,833,940 |  |  | 23.8% |  |

Gross profit % |  | 30.7% |  |  | 30.0% |  |  | 0.7% |  |

Return on Capital Employed % |  | 53.4% |  |  | 35.6% |  |  | 17.8% |  |

EBITDA / Sales % |  | 18.2% |  |  | 19.4% |  |  | -1.2% |  |

Operating profit / Sales % |  | 10.3% |  |  | 9.7% |  |  | 0.6% |  |

Trade debtor days |  | 79 |  |  | 67 |  |  | 12 days |  |

Market conditions have improved from the prior year leading to a positive impact on turnover and profitability. Order book has improved with new customers and projects in the year, causing strong KPI's above. The balance sheet continues to strengthen with profits being retained in the business and net debt has been reduced in the year, despite new assets being acquired under finance agreements, with ongoing repayments against the term debt. Post year end performance has been strong with turnover and margins remaining strong.

Manktank continues to invest in and update its current plant and equipment by being a leader in providing unique new vehicles to the UK waste industry with the importing of tankering equipment from abroad. The company is also working to improve efficiency of the business, in particular improving software and office systems while streamlining current processes to ensure important information is up to date and more easily accessible. This will ensure that as Manktank grows it can maintain the high level of service while each depot can support one another in its development.

| Mantank Environmental Services Limited (Registered number: 03015648) |

Strategic Report

for the Year Ended 31 January 2026

HEALTH AND SAFETY AND HUMAN RESOURCES

Health and Safety and employee welfare are key values within the business and are not open to compromise. All operations are carried out with the intention that no harm will come to any person or the environment as a result of our activities.

With the appointment of additional personnel we will ensure that we continue to maintain and update our policies and provide intensive training to staff, enabling them to carry out duties to the highest standard and further minimising risk.

All works are risk assessed and a full and detailed method statement is produced prior to carrying out any work. Each and every employee is a representative of the company which we will continue to invest in with the vision to meet their full potential whilst ensuring a gratifying working environment.

ENVIRONMENTAL AWARENESS

Environmental impact is key to the activities which Mantank undertake as well as being a global issue and we are passionate about continually assessing and improving our business activities in order to reduce the negative impacts on environment, society and to maintain financial stability. Mantank are UK spill approved contractors for the Environment Agency with which we are approved waste carriers, registered with Achilles and other recognised accreditation bodies. We continue to exceed all legislative requirements associated with the waste industry.

PRINCIPAL RISKS AND UNCERTAINTIES

Mantank faces constant risk from the increasing costs of maintaining and running plant and equipment and changes within legislation which may affect our business. We continue to monitor all of these issues and make changes where necessary. The company will continue to pursue new clients and take advantage of new opportunities which may arise.

INTEREST RATE RISK

The interest rates on the companies bank facilities are fixed annually. The interest rate on finance leases entered into is fixed for the term of the agreement at the time it is entered into. The companies interest income and expenses can therefore be affected by movements in interest rates. The company does not undertake any hedging activity.

CREDIT RISK

The company has external debtors; however, the company undertakes assessments of its customers in order to ensure that credit is not extended where there is a likelihood of default.

ON BEHALF OF THE BOARD:

L Royle - Director

16 July 2026

| Mantank Environmental Services Limited (Registered number: 03015648) |

Report of the Directors

for the Year Ended 31 January 2026

The directors present their report with the financial statements of the company for the year ended 31 January 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of waste management.

DIVIDENDS

The total distribution of dividends for the year ended 31 January 2026 will be £ 850,082 .

DIRECTORS

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

D A Royle

J Brown

L Royle

DISCLOSURE IN THE STRATEGIC REPORT

The following information, which would otherwise be disclosed in the directors' report, is instead disclosed in the strategic report, as permitted by s414C(11) of the Companies Act 2006:

- principal risks and uncertainties;

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

| Mantank Environmental Services Limited (Registered number: 03015648) |

Report of the Directors

for the Year Ended 31 January 2026

AUDITORS

The auditors, Clive Owen LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

L Royle - Director

16 July 2026

Report of the Independent Auditors to the Members of

Mantank Environmental Services Limited

Opinion

We have audited the financial statements of Mantank Environmental Services Limited (the 'company') for the year ended 31 January 2026 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 January 2026 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 Report of the Auditors 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.

Report of the Independent Auditors to the Members of

Mantank Environmental Services 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 four, 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.

Report of the Independent Auditors to the Members of

Mantank Environmental Services Limited

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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, to detect material misstatements in respect of irregularities, including fraud. Our audit must be alert to the risk of manipulation of the financial statements and seek to understand the incentives and opportunities for management to achieve this.

We undertake the following procedures to identify and respond to these risks of non-compliance:

- Understanding the key legal and regulatory frameworks that are applicable to the Company. We communicated identified laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. We determined the most significant of these to be environmental legislation, waste management and DVSA rules for fleet management. In addition, the company is subject to financial reporting legislation, taxation legislation, health & safety and employment law.

- Enquiry of directors and management as to policies and procedures to ensure compliance and any known instances of non-compliance

- Review of board minutes and correspondence with regulators

- Enquiry of directors and management as to areas of the financial statements susceptible to fraud and how these risks are managed

- Challenging management on key estimates, assumptions and judgements made in the preparation of the financial statements. These key areas of uncertainty are disclosed in the accounting policies

- Identifying and testing unusual journal entries, with a particular focus on manual journal entries.

Through these procedures, we did not become aware of actual or suspected non-compliance.

We planned and performed our audit in accordance with auditing standards but owing to the inherent limitations of procedures required in these areas, there is an unavoidable risk that we may not have detected a material misstatement in the accounts. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve concealment, collusion, forgery, misrepresentations, or override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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 Report of the Auditors.

Report of the Independent Auditors to the Members of

Mantank Environmental Services Limited

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 a Report of the Auditors 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.

Kevin Shotton BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Great North House, Allington Way

DARLINGTON

Co Durham

DL1 4QB

16 July 2026

| Mantank Environmental Services Limited (Registered number: 03015648) |

Statement of Comprehensive

Income

for the Year Ended 31 January 2026

| 2026 |  | 2025

| Notes | £ | £ |

TURNOVER | 3 | 15,468,715 |  | 12,785,908 |  |

Cost of sales | (10,721,268 | ) | (8,951,968 | ) |

GROSS PROFIT | 4,747,447 |  | 3,833,940 |  |

Administrative expenses | (3,170,576 | ) | (2,595,938 | ) |

1,576,871 |  | 1,238,002 |  |

Other operating income | 11,719 |  | 3,849 |  |

OPERATING PROFIT | 5 | 1,588,590 |  | 1,241,851 |  |

Interest receivable and similar income | 3,059 |  | 555 |  |

1,591,649 |  | 1,242,406 |  |

Interest payable and similar expenses | 6 | (196,519 | ) | (288,343 | ) |

PROFIT BEFORE TAXATION | 1,395,130 |  | 954,063 |  |

Tax on profit | 7 | (382,703 | ) | (259,081 | ) |

PROFIT FOR THE FINANCIAL YEAR | 1,012,427 |  | 694,982 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,012,427 |  | 694,982 |  |

| Mantank Environmental Services Limited (Registered number: 03015648) |

Balance Sheet

31 January 2026

| 2026 |  | 2025

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 9 | - |  | - |  |

Tangible assets | 10 | 3,872,111 |  | 4,059,959 |  |

3,872,111 |  | 4,059,959 |  |

CURRENT ASSETS

Debtors | 11 | 3,672,404 |  | 2,738,714 |  |

Cash at bank and in hand | 499,907 |  | 156,621 |  |

4,172,311 |  | 2,895,335 |  |

CREDITORS

Amounts falling due within one year | 12 | (5,071,112 | ) | (3,467,305 | ) |

NET CURRENT LIABILITIES | (898,801 | ) | (571,970 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,973,310 |  | 3,487,989 |  |

CREDITORS

Amounts falling due after more than one year | 13 | (1,102,507 | ) | (1,763,503 | ) |

PROVISIONS FOR LIABILITIES | 17 | (687,471 | ) | (703,499 | ) |

NET ASSETS | 1,183,332 |  | 1,020,987 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 60 |  | 60 |  |

Capital redemption reserve | 19 | 40 |  | 40 |  |

Retained earnings | 19 | 1,183,232 |  | 1,020,887 |  |

SHAREHOLDERS' FUNDS | 1,183,332 |  | 1,020,987 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

L Royle - Director

| Mantank Environmental Services Limited (Registered number: 03015648) |

Statement of Changes in Equity

for the Year Ended 31 January 2026

| Called up |  | Capital |

| share |  | Retained |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 February 2024 | 60 |  | 676,899 |  | 40 |  | 676,999 |  |

Changes in equity

Dividends | - |  | (350,994 | ) | - |  | (350,994 | ) |

Total comprehensive income | - |  | 694,982 |  | - |  | 694,982 |  |

Balance at 31 January 2025 | 60 |  | 1,020,887 |  | 40 |  | 1,020,987 |  |

Changes in equity

Dividends | - |  | (850,082 | ) | - |  | (850,082 | ) |

Total comprehensive income | - |  | 1,012,427 |  | - |  | 1,012,427 |  |

Balance at 31 January 2026 | 60 |  | 1,183,232 |  | 40 |  | 1,183,332 |  |

| Mantank Environmental Services Limited (Registered number: 03015648) |

Notes to the Financial Statements

for the Year Ended 31 January 2026

1. | STATUTORY INFORMATION

| Mantank Environmental Services 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| There were no material departures from that standard.

| The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

| Related Parties

| The related party disclosure is to ensure that an entity's financial statements contain the disclosures necessary to draw attention to the possibility that its financial position and profit or loss may have been affected by the existence of related parties and by transactions and outstanding balances with such parties.

| A related party is a person or entity that is related to the entity that is preparing its financial statements.

| A person or a close member of that person's family is related to a reporting entity if that person:

| (i) has control or joint control over the reporting entity;

| (ii) has significant influence over the reporting entity; or

| (iii) is a member of the key management personnel of the reporting entity or of a parent of the reporting entity.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemption 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.

| Mantank Environmental Services Limited (Registered number: 03015648) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

2. | ACCOUNTING POLICIES - continued

| Significant judgements and estimates

| The preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Significant Judgements

| The judgements (apart from those involving estimations) that management have made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

| Depreciation - Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset. An estimate of the useful economic life of assets is detailed in the depreciation accounting policy. The value of depreciation charge in the profit and loss account during the year was £1,227,531.

| Key Sources of Estimation Uncertainty

| Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the actual outcome. The key assumptions and all the sources of estimation uncertainty that have a significant risk of causing a material adjustment to the current amounts of assets and liabilities within the next financial year are as follows:

| Bad debt provision - Within the construction sector some customers are very slow payers. Management actively monitor and chase outstanding and overdue trade debt and make an assessment of likelihood of collection based on these activities and provide a provision accordingly.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Income recognition

| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

| Turnover from the rendering of services is recognised when the outcome of a transaction can be estimated reliably and by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

| 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.

| Patents and licences are being amortised evenly over their estimated useful life of five years.

| Mantank Environmental Services Limited (Registered number: 03015648) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

2. | ACCOUNTING POLICIES - continued

| 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.

| Improvements to property |  | - straight line over 5 years |  |

| Freehold property |  | - not provided |  |

| Leasehold property |  | - not provided |  |

| Plant and machinery |  | - straight line over 2 - 10 years and 20 - 25% reducing balance |  |  |

| Motor vehicles |  | - straight line over 4 years |  |

| Computer equipment |  | - straight line over 3 years |  |

| Fixtures & Fittings |  | - straight line over 3 years |  |

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

| The directors consider that the freehold and leasehold property is maintained in such a state of repair that its residual value is at least equal to its net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

| Impairment of assets

| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

| If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately.

| Financial instruments

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| 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.

| Mantank Environmental Services Limited (Registered number: 03015648) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

2. | ACCOUNTING POLICIES - continued

| 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.

| 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. | TURNOVER

| All turnover arose within the United Kingdom and is attributable to the principal activity of the company.

4. | EMPLOYEES AND DIRECTORS

| 2026 |  | 2025

£ | £ |

| Wages and salaries | 5,143,307 |  | 4,893,209 |  |

| Social security costs | 633,619 |  | 509,300 |  |

| Other pension costs | 93,397 |  | 84,011 |  |

5,870,323 |  | 5,486,520 |  |

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

| 2026 |  | 2025

| Management and admin | 16 |  | 15 |  |

| Drivers and operations | 91 |  | 94 |  |

107 |  | 109 |  |

| Mantank Environmental Services Limited (Registered number: 03015648) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

4. | EMPLOYEES AND DIRECTORS - continued

| Key management are considered to only be the directors.

| 2026 |  | 2025

£ | £ |

| Directors' remuneration | 64,011 |  | 64,605 |  |

| Directors' pension contributions to money purchase schemes | 1,135 |  | 1,188 |  |

5. | OPERATING PROFIT

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

| 2026 |  | 2025

£ | £ |

| Hire of plant and machinery | 8,607 |  | 20,052 |  |

| Depreciation - owned assets | 988,688 |  | 1,090,880 |  |

| Depreciation - assets on hire purchase contracts | 238,843 |  | 143,976 |  |

| Auditors' remuneration | 22,200 |  | 21,700 |  |

| Operating lease rentals | 115,556 |  | 115,556 |  |

| Profit on disposal of fixed assets | (17,373 | ) | (22,765 | ) |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2026 |  | 2025

£ | £ |

| Loan interest | 148,272 |  | 245,144 |  |

| Hire purchase | 48,247 |  | 26,767 |  |

| Other interest payable | - |  | 16,432 |  |

196,519 |  | 288,343 |  |

| Mantank Environmental Services Limited (Registered number: 03015648) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

7. | TAXATION

| Analysis of the tax charge

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

| 2026 |  | 2025

£ | £ |

| Current tax:

| UK corporation tax | 396,892 |  | 313,952 |  |

| Underprovision in

| prior years | 1,839 |  | 142,992 |  |

| Total current tax | 398,731 |  | 456,944 |  |

| Deferred tax:

| Deferred tax | (16,028 | ) | (59,732 | ) |

| Under/ (Over) provision in prior years | - |  | (138,131 | ) |

| Total deferred tax | (16,028 | ) | (197,863 | ) |

| Tax on profit | 382,703 |  | 259,081 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2026 |  | 2025

£ | £ |

| Profit before tax | 1,395,130 |  | 954,063 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%) | 348,783 |  | 238,516 |  |

| Effects of:

| Expenses not deductible for tax purposes | 32,081 |  | 15,704 |  |

| Prior year underprovision in respect of current tax | 1,839 |  | 142,992 |  |

| Prior year underprovision in respect of deferred tax | - |  | (138,131 | ) |

| Total tax charge | 382,703 |  | 259,081 |  |

8. | DIVIDENDS

| 2026 |  | 2025

£ | £ |

| Interim | 850,082 |  | 350,994 |  |

| Mantank Environmental Services Limited (Registered number: 03015648) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

9. | INTANGIBLE FIXED ASSETS

| Patents

| and

| licences

£ |

| COST

| At 1 February 2025

| and 31 January 2026 | 11,800 |  |

| AMORTISATION

| At 1 February 2025

| and 31 January 2026 | 11,800 |  |

| NET BOOK VALUE

| At 31 January 2026 | - |  |

| At 31 January 2025 | - |  |

10. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 February 2025 | 403,512 |  | 125,752 |  | 12,899,275 |  |

| Additions | - |  | - |  | 962,001 |  |

| Disposals | - |  | - |  | (120,819 | ) |

| At 31 January 2026 | 403,512 |  | 125,752 |  | 13,740,457 |  |

| DEPRECIATION

| At 1 February 2025 | - |  | 48,042 |  | 9,554,501 |  |

| Charge for year | - |  | 25,150 |  | 1,100,656 |  |

| Eliminated on disposal | - |  | - |  | (114,988 | ) |

| At 31 January 2026 | - |  | 73,192 |  | 10,540,169 |  |

| NET BOOK VALUE

| At 31 January 2026 | 403,512 |  | 52,560 |  | 3,200,288 |  |

| At 31 January 2025 | 403,512 |  | 77,710 |  | 3,344,774 |  |

| Mantank Environmental Services Limited (Registered number: 03015648) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

10. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 February 2025 | 33,514 |  | 517,725 |  | 61,836 |  | 14,041,614 |  |

| Additions | - |  | 81,713 |  | 1,800 |  | 1,045,514 |  |

| Disposals | - |  | - |  | - |  | (120,819 | ) |

| At 31 January 2026 | 33,514 |  | 599,438 |  | 63,636 |  | 14,966,309 |  |

| DEPRECIATION

| At 1 February 2025 | 31,667 |  | 298,792 |  | 48,653 |  | 9,981,655 |  |

| Charge for year | 1,125 |  | 89,451 |  | 11,149 |  | 1,227,531 |  |

| Eliminated on disposal | - |  | - |  | - |  | (114,988 | ) |

| At 31 January 2026 | 32,792 |  | 388,243 |  | 59,802 |  | 11,094,198 |  |

| NET BOOK VALUE

| At 31 January 2026 | 722 |  | 211,195 |  | 3,834 |  | 3,872,111 |  |

| At 31 January 2025 | 1,847 |  | 218,933 |  | 13,183 |  | 4,059,959 |  |

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

| Plant and

| machinery

£ |

| COST

| At 1 February 2025 | 1,166,580 |  |

| Additions | 547,550 |  |

| Reclassification/transfer | (208,111 | ) |

| At 31 January 2026 | 1,506,019 |  |

| DEPRECIATION

| At 1 February 2025 | 162,029 |  |

| Charge for year | 238,843 |  |

| Reclassification/transfer | (79,360 | ) |

| At 31 January 2026 | 321,512 |  |

| NET BOOK VALUE

| At 31 January 2026 | 1,184,507 |  |

| At 31 January 2025 | 1,004,551 |  |

| Mantank Environmental Services Limited (Registered number: 03015648) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

11. | DEBTORS

2026 | 2025 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 3,356,152 |  | 2,331,552 |  |

| Amounts owed by group undertakings | 87,622 |  | 87,622 |  |

| Prepayments and accrued income | 153,630 |  | 244,540 |  |

3,597,404 |  | 2,663,714 |  |

| Amounts falling due after more than one year:

| Other debtors | 75,000 |  | 75,000 |  |

| Aggregate amounts | 3,672,404 |  | 2,738,714 |  |

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

2026 | 2025 |

£ | £ |

| Bank loans and overdrafts (see note 14) | 953,633 |  | 1,022,135 |  |

| Hire purchase contracts (see note 15) | 395,928 |  | 233,129 |  |

| Trade creditors | 1,276,682 |  | 698,940 |  |

| Corporation tax | 396,892 |  | 313,952 |  |

| Taxation and social security | 591,379 |  | 381,991 |  |

| Other creditors | 1,197,883 |  | 700,328 |  |

| Directors' current accounts | 2,086 |  | - |  |

| Accruals and deferred income | 256,629 |  | 116,830 |  |

5,071,112 |  | 3,467,305 |  |

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

2026 | 2025 |

£ | £ |

| Bank loans (see note 14) | 287,543 |  | 1,173,842 |  |

| Hire purchase contracts (see note 15) | 814,964 |  | 589,661 |  |

1,102,507 |  | 1,763,503 |  |

14. | LOANS

| An analysis of the maturity of loans is given below:

2026 | 2025 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 953,633 |  | 1,022,135 |  |

| Mantank Environmental Services Limited (Registered number: 03015648) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

14. | LOANS - continued

2026 | 2025 |

£ | £ |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 287,543 |  | 987,116 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 186,726 |  |

15. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2026 | 2025 |

£ | £ |

| Net obligations repayable:

| Within one year | 395,928 |  | 233,129 |  |

| Between one and five years | 814,964 |  | 589,661 |  |

1,210,892 |  | 822,790 |  |

| Non-cancellable |

| operating leases |

2026 | 2025 |

£ | £ |

| Within one year | 115,556 |  | 117,071 |  |

| Between one and five years | 301,112 |  | 341,669 |  |

| In more than five years | 150,000 |  | 225,000 |  |

566,668 |  | 683,740 |  |

| Mantank Environmental Services Limited (Registered number: 03015648) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

16. | SECURED DEBTS

| The following secured debts are included within creditors:

2026 | 2025 |

£ | £ |

| Bank loans | 1,241,176 |  | 2,195,977 |  |

| Hire purchase contracts | 1,210,892 |  | 822,790 |  |

| Invoice financing | 1,108,544 |  | 605,231 |  |

3,560,612 |  | 3,623,998 |  |

| The bank loans and overdraft are secured by a legal charge over the freehold properties owned by the company and a fixed and floating charge over all the assets held by the company.

| Hire purchase agreements are secured against the assets to which they relate.

| Invoice Financing agreements are secured by fixed and floating charges over all assets held by the company.

17. | PROVISIONS FOR LIABILITIES

2026 | 2025 |

£ | £ |

| Deferred tax | 687,471 |  | 703,499 |  |

| Deferred |

| tax |

£ |

| Balance at 1 February 2025 | 703,499 |  |

| Accelerated capital allowances | (16,028 | ) |

| Balance at 31 January 2026 | 687,471 |  |

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 60 | Ordinary | £1 | 60 |  | 60 |  |

| Mantank Environmental Services Limited (Registered number: 03015648) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

19. | RESERVES

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 February 2025 | 1,020,887 |  | 40 |  | 1,020,927 |  |

| Profit for the year | 1,012,427 |  | 1,012,427 |  |

| Dividends | (850,082 | ) | (850,082 | ) |

| At 31 January 2026 | 1,183,232 |  | 40 |  | 1,183,272 |  |

| Retained earnings includes all current profits and losses less any distributions made.

| Capital redemption reserve represents the nominal value of shares previously repurchased by the company.

20. | CAPITAL COMMITMENTS

2026 | 2025 |

£ | £ |

| Contracted but not provided for in the

| financial statements | - |  | 543,281 |  |

21. | ULTIMATE CONTROLLING PARTY

| Mantank Environmental Services Limited is a wholly owned subsidiary of Mantank Environmental Services Holdings Limited, registered office: Hill House Farm Redmarshall Road, Redmarshall, Stockton On Tees, United Kingdom, TS21 1EW.