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REGISTERED NUMBER: 07884900 (England and Wales)

L M PRODUCTS (HOLDINGS) LIMITED

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Director | 3 |

| Report of the Independent Auditors | 5 |

| Consolidated Income Statement | 9 |

| Consolidated Other Comprehensive Income | 10 |

| Consolidated Balance Sheet | 11 |

| Company Balance Sheet | 12 |

| Consolidated Statement of Changes in Equity | 13 |

| Company Statement of Changes in Equity | 14 |

| Consolidated Cash Flow Statement | 15 |

| Notes to the Consolidated Cash Flow Statement | 16 |

| Notes to the Consolidated Financial Statements | 17 |

| L M PRODUCTS (HOLDINGS) LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2026

| DIRECTOR: | S Worth

| REGISTERED OFFICE: | Unit 10,

| Union Road

| Oldbury

| West Midlands

| B69 3EX

| REGISTERED NUMBER: | 07884900 (England and Wales)

| AUDITORS: | Sephton & Company LLP

| Chartered Certified Accountants

| Statutory Auditors

| Marston House

| 5 Elmdon Lane

| Marston Green

| Solihull

| West Midlands

| B37 7DL

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 MARCH 2026

The director presents his strategic report of the company and the group for the year ended 31 March 2026.

REVIEW OF BUSINESS

The financial year saw little change in demand across the construction sector, with the wider economy showing no significant signs of improvement.

However, following the restructuring undertaken in the previous year and the successful implementation of new technology, the business operated more efficiently and productively throughout the year, which intern helped reduce operating costs and improve overall performance.

Tight control on procurement was an area we felt we could improve on and with more focus and a planned strategy it enabled the business to achieve a gross profit comparable to the previous year despite generating lower turnover

The business ended the year in profit and with a stronger cash position that will stand us in good stead for the following trading year.

ON BEHALF OF THE BOARD:

S Worth - Director

7 July 2026

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31 MARCH 2026

The director presents his report with the financial statements of the company and the group for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the manufacture and supply of metal and plastic components primarily for the construction industry.

DIVIDENDS

An interim dividend of £2548.78 per share was paid on the Ordinary A £1 shares on 31 March 2026. No dividends were paid on the Ordinary £1 shares.

The total distribution of dividends for the year ended 31 March 2026 will be £ 219,000 .

FUTURE DEVELOPMENTS

The Directors anticipate the business environment will remain competitive but are confident that the financial position and the risks that have been identified are being well managed.

The Directors feel that the business is now on a stronger footing and can take full advantage of our opportunities going forward.

DIRECTOR

S Worth held office during the whole of the period from 1 April 2025 to the date of this report.

FINANCIAL INSTRUMENTS

The group has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities which are largely conducted in sterling.The group does not enter into any formally designated hedging arrangements.

POLITICAL DONATIONS AND EXPENDITURE

No political donations made during the period.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31 MARCH 2026

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he 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 group's auditors are aware of that information.

AUDITORS

The auditors, Sephton & Company LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S Worth - Director

7 July 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

L M PRODUCTS (HOLDINGS) LIMITED

Opinion

We have audited the financial statements of L M Products (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2026 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 March 2026 and of the group's 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 group 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 director's 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 group's and the parent 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

L M PRODUCTS (HOLDINGS) LIMITED

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 Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is responsible for assessing the group's and the parent 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 director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

L M PRODUCTS (HOLDINGS) 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, 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: As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion we identified the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.

The engagement partner assessed whether the engagement team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations. The assessment did not identify any issues in this area.

We also gained an understanding of the legal and regulatory framework applicable to the entity and the industry in which it operates, drawing on our broad sector experience and considered the risk of acts by the entity that were contrary to these laws and regulations, including fraud.

We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, health and safety and fire regulations. We also noted, and investigated, the group compliance with ISO 9001:2015 which, while not a legal requirement for an operating business, is central to group operations and impacts consumer confidence in their deliverables.

We made enquiries of management with regards to compliance with the above laws and regulations and corroborated any necessary evidence to relevant information, for example we obtained documentation that supports compliance with health & safety laws and regulations such as the having ISO 45001:2018 accreditation in place.We also inspected the group's ISO 9001:2015 accreditation certificate ensuring that it was in date and had been issued by a UKAS accredited company.

Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management.

We also completed the following procedures:

- Understood how management considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

-Performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- In addressing the risk of fraud through management override of controls, we tested journal entries and other adjustments for inappropriate or unusual journals outside of our expectations, as well as for any significant transactions outside the normal course of business, taking into consideration the scope for management to manipulate financial results;

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

L M PRODUCTS (HOLDINGS) LIMITED

-Assessed the appropriateness of key estimates and judgements made by management and challenged the assumptions used in accounting estimates. We considered the key estimates to be going concern, depreciation, bad debt provision and stock being held at the lower of cost and NRV.

As a result of the above procedures, we considered the opportunities and incentives that may exist within the organization for fraud and identified the greatest potential for fraud in the following areas:

- Posting of unusual journals and complex transactions;

- Manipulation of amounts subject to significant judgement or estimate;

- Recognising revenue for transactions that do not meet the criteria for revenue recognition; and

- Completeness and valuation of related party transactions.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.

In addition, as with any audit, there remained a higher detection of fraud as these may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. Out audit procedures are designed to detect material misstatement. We are no responsible for preventing non-compliance or fraud 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.

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.

Darren Paul Carter (Senior Statutory Auditor)

for and on behalf of Sephton & Company LLP

Chartered Certified Accountants

Statutory Auditors

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

7 July 2026

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

CONSOLIDATED

INCOME STATEMENT

FOR THE YEAR ENDED 31 MARCH 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

TURNOVER | 12,424,302 |  | 13,396,758 |  |

Cost of sales | 9,644,939 |  | 10,630,196 |  |

GROSS PROFIT | 2,779,363 |  | 2,766,562 |  |

Distribution costs | 521,844 |  | 592,006 |  |

Administrative expenses | 1,946,624 |  | 1,927,030 |  |

|  |  | 2,468,468 |  |  |  |  | 2,519,036 |  |

310,895 |  | 247,526 |  |

Other operating income | 3 | 4,111 |  | 41,079 |  |

OPERATING PROFIT | 5 | 315,006 |  | 288,605 |  |

Interest receivable and similar income | 48,353 |  | 81,111 |  |

PROFIT BEFORE TAXATION | 363,359 |  | 369,716 |  |

Tax on profit | 6 | 91,081 |  | 86,390 |  |

PROFIT FOR THE FINANCIAL YEAR | 272,278 |  | 283,326 |  |

Profit attributable to:

Owners of the parent | 270,086 |  | 271,757 |  |

Non-controlling interests | 2,192 |  | 11,569 |  |

272,278 |  | 283,326 |  |

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

CONSOLIDATED

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2026

| 2026 |  | 2025

| Notes | £ | £ |

PROFIT FOR THE YEAR | 272,278 |  | 283,326 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 272,278 |  | 283,326 |  |

Total comprehensive income attributable to:

Owners of the parent | 270,086 |  | 271,757 |  |

Non-controlling interests | 2,192 |  | 11,569 |  |

272,278 |  | 283,326 |  |

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

CONSOLIDATED BALANCE SHEET

31 MARCH 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | - |  | - |  |

Tangible assets | 10 | 767,566 |  | 911,280 |  |

Investments | 11 | - |  | - |  |

767,566 |  | 911,280 |  |

CURRENT ASSETS

Stocks | 12 | 2,204,338 |  | 1,808,714 |  |

Debtors | 13 | 3,069,211 |  | 2,788,274 |  |

Cash at bank and in hand | 4,211,690 |  | 3,889,503 |  |

9,485,239 |  | 8,486,491 |  |

CREDITORS

Amounts falling due within one year | 14 | 3,340,725 |  | 2,499,214 |  |

NET CURRENT ASSETS | 6,144,514 |  | 5,987,277 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,912,080 |  | 6,898,557 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (4,490 | ) | (8,513 | ) |

PROVISIONS FOR LIABILITIES | 16 | (186,391 | ) | (222,123 | ) |

NET ASSETS | 6,721,199 |  | 6,667,921 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 82 |  | 82 |  |

Capital redemption reserve | 18 | 18 |  | 18 |  |

Retained earnings | 18 | 6,332,447 |  | 6,281,361 |  |

SHAREHOLDERS' FUNDS | 6,332,547 |  | 6,281,461 |  |

NON-CONTROLLING INTERESTS | 388,652 |  | 386,460 |  |

TOTAL EQUITY | 6,721,199 |  | 6,667,921 |  |

The financial statements were approved by the director and authorised for issue on 7 July 2026 and were signed by:

S Worth - Director

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

COMPANY BALANCE SHEET

31 MARCH 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | - |  | - |  |

Tangible assets | 10 | 534,187 |  | 634,330 |  |

Investments | 11 | 364,445 |  | 364,445 |  |

898,632 |  | 998,775 |  |

CURRENT ASSETS

Debtors | 13 | 902,761 |  | 601,239 |  |

Cash at bank and in hand | 1,271,530 |  | 1,452,197 |  |

2,174,291 |  | 2,053,436 |  |

CREDITORS

Amounts falling due within one year | 14 | 77,964 |  | 41,649 |  |

NET CURRENT ASSETS | 2,096,327 |  | 2,011,787 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,994,959 |  | 3,010,562 |  |

PROVISIONS FOR LIABILITIES | 16 | 133,547 |  | 158,583 |  |

NET ASSETS | 2,861,412 |  | 2,851,979 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 82 |  | 82 |  |

Capital redemption reserve | 18 | 18 |  | 18 |  |

Retained earnings | 18 | 2,861,312 |  | 2,851,879 |  |

SHAREHOLDERS' FUNDS | 2,861,412 |  | 2,851,979 |  |

Company's profit for the financial year | 218,433 |  | 51,948 |  |

The financial statements were approved by the director and authorised for issue on 7 July 2026 and were signed by:

S Worth - Director

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2026

| Called up |  | Capital

| share |  | Retained |  | redemption

| capital |  | earnings |  | reserve

£ | £ | £ |

Balance at 1 April 2024 | 82 |  | 6,180,604 |  | 18 |  |

Changes in equity

Dividends | - |  | (171,000 | ) | - |  |

Total comprehensive income | - |  | 271,757 |  | - |  |

Balance at 31 March 2025 | 82 |  | 6,281,361 |  | 18 |  |

Changes in equity

Dividends | - |  | (219,000 | ) | - |  |

Total comprehensive income | - |  | 270,086 |  | - |  |

Balance at 31 March 2026 | 82 |  | 6,332,447 |  | 18 |  |

| Non-controlling |  | Total

| Total |  | interests |  | equity

£ | £ | £ |

Balance at 1 April 2024 | 6,180,704 |  | 374,891 |  | 6,555,595 |  |

Changes in equity

Dividends | (171,000 | ) | - |  | (171,000 | ) |

Total comprehensive income | 271,757 |  | 11,569 |  | 283,326 |  |

Balance at 31 March 2025 | 6,281,461 |  | 386,460 |  | 6,667,921 |  |

Changes in equity

Dividends | (219,000 | ) | - |  | (219,000 | ) |

Total comprehensive income | 270,086 |  | 2,192 |  | 272,278 |  |

Balance at 31 March 2026 | 6,332,547 |  | 388,652 |  | 6,721,199 |  |

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2026

| Called up |  | Capital |

| share |  | Retained |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 April 2024 | 82 |  | 2,970,931 |  | 18 |  | 2,971,031 |  |

Changes in equity

Dividends | - |  | (171,000 | ) | - |  | (171,000 | ) |

Total comprehensive income | - |  | 51,948 |  | - |  | 51,948 |  |

Balance at 31 March 2025 | 82 |  | 2,851,879 |  | 18 |  | 2,851,979 |  |

Changes in equity

Dividends | - |  | (209,000 | ) | - |  | (209,000 | ) |

Total comprehensive income | - |  | 218,433 |  | - |  | 218,433 |  |

Balance at 31 March 2026 | 82 |  | 2,861,312 |  | 18 |  | 2,861,412 |  |

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2026

| 2026 |  | 2025

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 399,747 |  | 819,603 |  |

Government grants | 4,111 |  | - |  |

Tax paid | 88,664 |  | (102,986 | ) |

Net cash from operating activities | 492,522 |  | 716,617 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (9,780 | ) | (377,405 | ) |

Sale of tangible fixed assets | - |  | 41,656 |  |

Interest received | 48,353 |  | 81,111 |  |

Net cash from investing activities | 38,573 |  | (254,638 | ) |

Cash flows from financing activities

Amount introduced by directors | 219,000 |  | 171,019 |  |

Amount withdrawn by directors | (208,908 | ) | (170,631 | ) |

Equity dividends paid | (219,000 | ) | (171,000 | ) |

Net cash from financing activities | (208,908 | ) | (170,612 | ) |

Increase in cash and cash equivalents | 322,187 |  | 291,367 |  |

Cash and cash equivalents at beginning of year | 2 | 3,889,503 |  | 3,598,136 |  |

Cash and cash equivalents at end of year | 2 | 4,211,690 |  | 3,889,503 |  |

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2026

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2026 |  | 2025

£ | £ |

| Profit before taxation | 363,359 |  | 369,716 |  |

| Depreciation charges | 153,495 |  | 143,360 |  |

| Profit on disposal of fixed assets | - |  | (14,772 | ) |

| Government grants | (4,111 | ) | 12,626 |  |

| Finance income | (48,353 | ) | (81,111 | ) |

464,390 |  | 429,819 |  |

| (Increase)/decrease in stocks | (395,624 | ) | 203,966 |  |

| Increase in trade and other debtors | (369,601 | ) | (123,404 | ) |

| Increase in trade and other creditors | 700,582 |  | 309,222 |  |

| Cash generated from operations | 399,747 |  | 819,603 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 March 2026

| 31/3/26 |  | 1/4/25

£ | £ |

| Cash and cash equivalents | 4,211,690 |  | 3,889,503 |  |

| Year ended 31 March 2025

| 31/3/25 |  | 1/4/24

£ | £ |

| Cash and cash equivalents | 3,889,503 |  | 3,598,136 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1/4/25 | Cash flow | At 31/3/26

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 3,889,503 |  | 322,187 |  | 4,211,690 |  |

3,889,503 |  | 322,187 |  | 4,211,690 |  |

| Total | 3,889,503 |  | 322,187 |  | 4,211,690 |  |

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| L M Products (Holdings) 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Basis of consolidation

| The consolidated financial statements incorporate the financial statements of the Company and entities controlled by the Group (its subsidiaries). Control is achieved where the Group has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities

| Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.

| All subsidiaries acquired are recognised under the purchase method.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| Turnover

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

| The company recognises turnover at the point of goods despatch in line with their invoicing procedures. It does not have any material amounts of deferred income recognised in its liabilities.

| Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate applicable.

| Dividend income from investments is recognised when the shareholder's right to receive payment has been established.

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

2. | ACCOUNTING POLICIES - continued

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

| 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.

| Tangible fixed assets

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

| Improvements to property | - | straight line over the life of the lease

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

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

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Government grants

| Government grants are recognised on the accruals basis, relating to the periods in which the entity recognises the cost for which the grant is intended to compensate.

| Stocks

| Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a weighted average basis. Production overheads are allocated to the cost of stock. Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to estimated selling price less costs to complete and sell and all losses of stock are recognized as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stock is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

| Financial instruments

| The Company only enters into basic financial instrument transactions that result in the recognition of financial

| assets and liabilities like trade and other accounts receivable and payable, cash and bank balances, loans to or from related parties and current asset investments. All such instruments are measured initially and subsequently at the transaction price.

| At the end of each reporting period debt financial assets are assessed for impairment, and their carrying value reduced if necessary. Any impairment is recognised in the profit and loss account.

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

| Cash and cash equivalents

| Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown in borrowing in current liabilities.

| Going concern

| The directors have assessed the ability of the company and group to continue trading for a minimum period of 12 months from the date of authorising the financial statements.

| The directors are satisfied that it remains appropriate for the financial statements to be prepared on a going concern basis.

3. | OTHER OPERATING INCOME

| 2026 |  | 2025

£ | £ |

| Government grants | 4,111 |  | 41,079 |  |

| The company is in receipt of a government grant in the previous year, which is a mixture of revenue-based and capital-based.

| The capital portion of the grant has been recognised over the life of the asset.

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

4. | EMPLOYEES AND DIRECTORS

| 2026 |  | 2025

£ | £ |

| Wages and salaries | 1,839,673 |  | 1,898,392 |  |

| Social security costs | 233,218 |  | 187,569 |  |

| Other pension costs | 122,746 |  | 108,427 |  |

2,195,637 |  | 2,194,388 |  |

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

| 2026 |  | 2025

| Admin | 8 |  | 7 |  |

| Sales | 6 |  | 7 |  |

| Factory | 31 |  | 35 |  |

45 |  | 49 |  |

| 2026 |  | 2025

£ | £ |

| Directors' remuneration | 354,894 |  | 387,526 |  |

| Directors' pension contributions to money purchase schemes | 17,044 |  | 23,082 |  |

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

| Money purchase schemes | 3 |  | 3 |  |

| Information regarding the highest paid director is as follows:

| 2026 |  | 2025

£ | £ |

| Emoluments etc | 146,251 |  | 146,581 |  |

| Pension contributions to money purchase schemes | 10,000 |  | 20,000 |  |

5. | OPERATING PROFIT

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

| 2026 |  | 2025

£ | £ |

| Hire of plant and machinery | 15,398 |  | 14,998 |  |

| Depreciation - owned assets | 153,494 |  | 143,360 |  |

| Profit on disposal of fixed assets | - |  | (14,772 | ) |

| Auditors' remuneration | 20,500 |  | 20,250 |  |

| Foreign exchange differences | 262 |  | 551 |  |

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

6. | 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 | 126,813 |  | 30,517 |  |

| Deferred tax | (35,732 | ) | 55,873 |  |

| Tax on profit | 91,081 |  | 86,390 |  |

| 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 | 363,359 |  | 369,716 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2025 - 25 %) | 90,840 |  | 92,429 |  |

| Effects of:

| Expenses not deductible for tax purposes | 241 |  | 272 |  |

| Utilisation of tax losses | - |  | (6,311 | ) |

| Total tax charge | 91,081 |  | 86,390 |  |

7. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

8. | DIVIDENDS

| 2026 |  | 2025

£ | £ |

| Ordinary shares of £1 each |

| Interim | 10,000 |  | - |  |

| Ordinary A shares of £1 each |

| Interim | 209,000 |  | 171,000 |  |

219,000 |  | 171,000 |  |

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

9. | INTANGIBLE FIXED ASSETS

| Group

| Goodwill

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 89,699 |  |

| AMORTISATION

| At 1 April 2025

| and 31 March 2026 | 89,699 |  |

| NET BOOK VALUE

| At 31 March 2026 | - |  |

| At 31 March 2025 | - |  |

10. | TANGIBLE FIXED ASSETS

| Group

| Improvements |  | Fixtures

| to |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 April 2025 | 93,413 |  | 1,983,800 |  | 23,677 |  |

| Additions | - |  | 350 |  | 1,461 |  |

| At 31 March 2026 | 93,413 |  | 1,984,150 |  | 25,138 |  |

| DEPRECIATION

| At 1 April 2025 | 73,316 |  | 1,201,815 |  | 15,038 |  |

| Charge for year | 3,908 |  | 117,305 |  | 1,425 |  |

| At 31 March 2026 | 77,224 |  | 1,319,120 |  | 16,463 |  |

| NET BOOK VALUE

| At 31 March 2026 | 16,189 |  | 665,030 |  | 8,675 |  |

| At 31 March 2025 | 20,097 |  | 781,985 |  | 8,639 |  |

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

10. | TANGIBLE FIXED ASSETS - continued

| Group

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2025 | 115,571 |  | 121,624 |  | 2,338,085 |  |

| Additions | - |  | 7,969 |  | 9,780 |  |

| At 31 March 2026 | 115,571 |  | 129,593 |  | 2,347,865 |  |

| DEPRECIATION

| At 1 April 2025 | 41,959 |  | 94,677 |  | 1,426,805 |  |

| Charge for year | 18,401 |  | 12,455 |  | 153,494 |  |

| At 31 March 2026 | 60,360 |  | 107,132 |  | 1,580,299 |  |

| NET BOOK VALUE

| At 31 March 2026 | 55,211 |  | 22,461 |  | 767,566 |  |

| At 31 March 2025 | 73,612 |  | 26,947 |  | 911,280 |  |

| Company

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 April 2025

| and 31 March 2026 | 1,129,584 |  | 64,860 |  | 1,194,444 |  |

| DEPRECIATION

| At 1 April 2025 | 545,250 |  | 14,864 |  | 560,114 |  |

| Charge for year | 87,645 |  | 12,498 |  | 100,143 |  |

| At 31 March 2026 | 632,895 |  | 27,362 |  | 660,257 |  |

| NET BOOK VALUE

| At 31 March 2026 | 496,689 |  | 37,498 |  | 534,187 |  |

| At 31 March 2025 | 584,334 |  | 49,996 |  | 634,330 |  |

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

11. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 364,445 |  |

| NET BOOK VALUE

| At 31 March 2026 | 364,445 |  |

| At 31 March 2025 | 364,445 |  |

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiary

| L M Products Limited

| Registered office: Unit 10 Union Road, Oldbury, West Midlands, B69 3EX

| Nature of business: Manufacture of goods for construction industry

| %

| Class of shares: | holding |

| Ordinary | 95.00 |

12. | STOCKS

| Group |

2026 | 2025 |

£ | £ |

| Stocks | 2,204,338 |  | 1,808,714 |  |

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

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

| Group |  | Company |

2026 | 2025 | 2026 | 2025 |

£ | £ | £ | £ |

| Trade debtors | 2,211,202 |  | 2,186,707 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 197,550 |  | 266,192 |  |

| Other debtors | 704,080 |  | 304,080 |  | 700,000 |  | 300,000 |  |

| Invoice finance debtor | - |  | 50,210 |  | - |  | - |  |

| Tax | - |  | 88,664 |  | - |  | 23,758 |  |

| Prepayments and accrued income | 153,929 |  | 158,613 |  | 5,211 |  | 11,289 |  |

3,069,211 |  | 2,788,274 |  | 902,761 |  | 601,239 |  |

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

| Group |  | Company |

2026 | 2025 | 2026 | 2025 |

£ | £ | £ | £ |

| Trade creditors | 2,540,715 |  | 1,938,206 |  | - |  | - |  |

| Payments in advance | 56,289 |  | 71,520 |  | - |  | - |  |

| Corporation tax | 126,813 |  | - |  | 34,513 |  | - |  |

| PAYE & NIC control a/c | 44,055 |  | 40,746 |  | 8,904 |  | 7,630 |  |

| VAT | 352,964 |  | 266,268 |  | 23,175 |  | 23,179 |  |

| Other creditors | 5,372 |  | 6,063 |  | 34 |  | 34 |  |

| Directors' current accounts | 10,578 |  | 486 |  | 578 |  | 486 |  |

| Accrued expenses | 199,915 |  | 171,812 |  | 10,760 |  | 10,320 |  |

| Deferred government grants | 4,024 |  | 4,113 |  | - |  | - |  |

3,340,725 |  | 2,499,214 |  | 77,964 |  | 41,649 |  |

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

| Group |

2026 | 2025 |

£ | £ |

| Deferred government grants | 4,490 |  | 8,513 |  |

16. | PROVISIONS FOR LIABILITIES

| Group |  | Company |

2026 | 2025 | 2026 | 2025 |

£ | £ | £ | £ |

| Deferred tax | 186,391 |  | 222,123 |  | 133,547 |  | 158,583 |  |

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

16. | PROVISIONS FOR LIABILITIES - continued

| Group

| Deferred |

| tax |

£ |

| Balance at 1 April 2025 | 222,123 |  |

| Provided during year | (35,732 | ) |

| Balance at 31 March 2026 | 186,391 |  |

| Company

| Deferred |

| tax |

£ |

| Balance at 1 April 2025 | 158,583 |  |

| Provided during year | (25,036 | ) |

| Balance at 31 March 2026 | 133,547 |  |

17. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 82 | Ordinary A | £1 | 82 |  | 82 |  |

18. | RESERVES

| Group

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2025 | 6,281,361 |  | 18 |  | 6,281,379 |  |

| Profit for the year | 270,086 |  | 270,086 |  |

| Dividends | (219,000 | ) | (219,000 | ) |

| At 31 March 2026 | 6,332,447 |  | 18 |  | 6,332,465 |  |

L M PRODUCTS (HOLDINGS) LIMITED (REGISTERED NUMBER: 07884900) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

18. | RESERVES - continued

| Company

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2025 | 2,851,879 |  | 18 |  | 2,851,897 |  |

| Profit for the year | 218,433 |  | 218,433 |  |

| Dividends | (209,000 | ) | (209,000 | ) |

| At 31 March 2026 | 2,861,312 |  | 18 |  | 2,861,330 |  |

19. | PENSION COMMITMENTS

| The company operates a defined contribution scheme. During the period the group contributed £122,746.

| There were £5,832 contributions due at the reporting date.

20. | RELATED PARTY DISCLOSURES

| Entities with control, joint control or significant influence over the entity

2026 | 2025 |

£ | £ |

| Amount due from related party | 700,000 |  | 300,000 |  |

| The loan is unsecured and repayable on demand.

| Interest is not charged on the outstanding balance.

21. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr S Worth.