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REGISTERED NUMBER: 05488264 (England and Wales)

| Group Strategic Report, Report of the Directors and |

| Consolidated Financial Statements |

| for the Year Ended 31 March 2026 |

| for |

| CMS Holdings UK Limited |

CMS Holdings UK Limited (Registered number: 05488264)

Contents of the Consolidated Financial Statements

for the Year Ended 31 March 2026

| Page |

Company information | 1 |

Group strategic report | 2 |  | to |  | 4

Report of the directors | 5 |  | to |  | 6

Report of the independent auditors | 7 |  | to |  | 10

Consolidated income statement | 11 |

Consolidated other comprehensive income | 12 |

Consolidated statement of financial position | 13 |

Company statement of financial position | 14 |

Consolidated statement of changes in equity | 15 |

Company statement of changes in equity | 16 |

Consolidated statement of cash flows | 17 |

Notes to the consolidated statement of cash flows | 18 |  | to |  | 19

Notes to the consolidated financial statements | 20 |  | to |  | 32

CMS Holdings UK Limited

Company Information

for the Year Ended 31 March 2026

| Directors: | P J Barrand

| S Dunn

| B M L Hoskyns-Abrahall

| C J Manson

| N J Smith

| Registered office: | CMS Academy

| Innovation House

| Hawks Road

| Gateshead

| Tyne and Wear

| NE8 3AD

| Registered number: | 05488264 (England and Wales)

| Senior statutory auditor: | Emma Wilson

| Auditors: | Sumer Auditco Limited

| Bank House

| Broad Street

| Spalding

| Lincolnshire

| PE11 1TB

CMS Holdings UK Limited (Registered number: 05488264)

Group Strategic Report

for the Year Ended 31 March 2026

The directors present their strategic report of the company and the group for the year ended 31 March 2026.

Review of business

The directors present their strategic report of the company and the group for the year ended 31 March 2026.

Following the investment by Newable Limited in April 2022, the group consists of Newable CMS Ltd (majority owned by Newable Capital Ltd and ultimately by Newable Partnership Ltd), CMS Holdings UK Ltd, Commercial Maintenance Services UK Ltd (a commercial M&E services provider), and Advantage Utilities Services Ltd (a utilities services company).

The group continues to operate primarily in the provision of reactive and planned mechanical and electrical maintenance services across the healthcare, retail, commercial and hospitality sectors.

The group has established a strong market position as a recognised provider of high-quality nationwide services, with customers valuing the reliability and expertise of its offering.

During the year ended 31 March 2026, the group experienced a modest reduction in turnover alongside a significant decline in overall profitability:

- Revenue decreased to £30.2m (2025: £31.5m)

- Profit before tax reduced to £0.17m (2025: £1.35m)

This reduction in profitability was primarily driven by:

- An increase in administrative expenses, which rose to £7.34m (2025: £6.86m), following continued investment in infrastructure, staffing and systems to support growth

- Higher finance costs of £0.50m (2025: £0.44m)

- Cost of sales reducing year-on-year, maintaining Gross Margins at last year's levels (>25%)

Operating profit reduced to £0.66m (2025: £1.79m).

Despite this, the underlying demand for services remained resilient, with continued activity across key sectors and ongoing client retention.

Principal risks and uncertainties

The group maintains a structured approach to risk management, with ongoing monitoring and mitigation of key financial and operational risks.

Financial risks

The group is exposed to credit, liquidity, and cash flow risks:

- Credit risk arises primarily from trade receivables, which remain significant at £6.1m - marginally lower that FY25

- Liquidity risk remains a key consideration, with the group utilising ID facilities of £2.9m as part of its funding structure

- Cash flow risk is driven by working capital intensity and timing differences in customer receipts

Operational risks

Key operational risks include:

- Cost inflation and the ability to recover this through pricing

- Maintaining operational efficiency following a period of growth

- Delivery and service quality across a large national workforce

- Health & Safety risks, managed through the internal SHEQ function

The group continues to strengthen its operational and financial controls to mitigate these risks.

CMS Holdings UK Limited (Registered number: 05488264)

Group Strategic Report

for the Year Ended 31 March 2026

Development and performance

The group operates in a resilient sector, where demand for maintenance services remains relatively stable despite economic uncertainty.

During the year:

- Turnover decreased by c.4% to £30.2m

- Gross profit remained strong at £8.0m (2025: £8.6m)

- Administrative expenses increased materially, impacting profitability

- Operating profit reduced to £0.66m (2025: £1.79m)

- Profit before tax reduced to £0.17m (2025: £1.35m)

Despite lower profitability, the group:

- Generated strong operating cash flow of £1.9m

- Maintained a stable net asset position of £5.16m

- Completed a restructuring of group debt, with long-term debt now held within Newable CMS Ltd

Operationally, the group:

- Continued to provide nationwide service coverage

- Maintained a diversified and resilient customer base

- Invested in systems, workforce capability and complementary services (including HVAC, EV charging and building systems)

The directors recognise that FY2026 represents a period of consolidation, where prior investment and cost base expansion has impacted short-term profitability.

Key performance indicators

The group's primary financial objectives remain profitability and cash generation.

Key financial metrics for the year:

- Turnover: £30,238,420 (2025: £31,519,398)

- Operating profit: £662,956 (2025: £1,790,466)

- Profit before tax: £165,582 (2025: £1,348,710)

- Operating cash flow: £1,885,021

While revenue remained relatively stable, profitability was significantly impacted by an increased cost base, particularly within administrative expenses.

Cash generation remained strong, reflecting effective operational cash management.

CMS Holdings UK Limited (Registered number: 05488264)

Group Strategic Report

for the Year Ended 31 March 2026

Outlook

The directors remain confident in the long-term prospects of the group, supported by:

- A strong market position

- A diversified customer base

- Continued demand for maintenance services

Key priorities for the coming year include:

- Optimisation of the cost base to restore profitability

- Improvement in operating margins through efficiency and pricing discipline

- Further strengthening of working capital management, particularly debtor collections

- Reduction in reliance on short-term funding facilities over time

The directors expect that the benefits of prior investment, combined with improved cost control, will result in improved profitability and sustained cash generation in future periods.

On behalf of the board:

N J Smith - Director

11 August 2026

CMS Holdings UK Limited (Registered number: 05488264)

Report of the Directors

for the Year Ended 31 March 2026

The directors present their 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 company and group continued to be that of the delivery of commercial mechanical services, nationwide, 24/7. Specialising in all hard services, particularly gas and plumbing infrastructure design installation and maintenance.

Dividends

No dividends will be distributed for the year ended 31 March 2026.

Directors

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

P J Barrand

S Dunn

B M L Hoskyns-Abrahall

C J Manson

N J Smith

Other changes in directors holding office are as follows:

G Round - resigned 12 November 2025

Statement of directors' responsibilities

The directors are responsible for preparing the Group 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

CMS Holdings UK Limited (Registered number: 05488264)

Report of the Directors

for the Year Ended 31 March 2026

Auditors

The auditors, Sumer Auditco Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

N J Smith - Director

11 August 2026

Report of the Independent Auditors to the Members of

CMS Holdings UK Limited

Opinion

We have audited the financial statements of CMS Holdings UK 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 statement of financial position, Company statement of financial position, Consolidated statement of changes in equity, Company statement of changes in equity, Consolidated statement of cash flows and Notes to the consolidated statement of cash flows, 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 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 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 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 Group 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.

Report of the Independent Auditors to the Members of

CMS Holdings UK 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 directors 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 directors 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 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 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 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 five, 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 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 directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

CMS Holdings UK 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 lines with our responsibilities, outlines 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.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliances with laws and regulations, was as follows:

- |  | the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; |

- |  | we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the client company's sector. |

- |  | we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company. |

- |  | we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and |

- |  | identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. |

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- |  | making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; |

- |  | considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. |

To address the risk of fraud through management bias and override of controls, we:

- |  | performed analytical procedures to identify any unusual or unexpected relationships; |

- |  | tested journals entries to identify unusual transactions; |

- |  | investigated the rationale behind significant or unusual transactions. |

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- |  | agreeing financial statement disclosures to underlying supporting documentation; |

- |  | enquiring of management as to actual and potential litigation and claims; |

- |  | reviewing correspondence with HMRC and the company's legal advisors. |

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Report of the Independent Auditors to the Members of

CMS Holdings UK Limited

Material misstatement that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

Emma Wilson (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

11 August 2026

CMS Holdings UK Limited (Registered number: 05488264)

Consolidated Income Statement

for the Year Ended 31 March 2026

| 2026 |  | 2025

| Notes | £ | £ |

Turnover | 4 | 30,238,420 |  | 31,519,398 |  |

Cost of sales | 22,239,109 |  | 22,873,243 |  |

Gross profit | 7,999,311 |  | 8,646,155 |  |

Administrative expenses | 7,336,355 |  | 6,855,689 |  |

Operating profit | 6 | 662,956 |  | 1,790,466 |  |

Interest payable and similar expenses | 8 | 497,374 |  | 441,756 |  |

Profit before taxation | 165,582 |  | 1,348,710 |  |

Tax on profit | 9 | 43,738 |  | 384,322 |  |

Profit for the financial year | 121,844 |  | 964,388 |  |

Profit attributable to:

Owners of the parent | 61,917 |  | 918,741 |  |

Non-controlling interests | 59,927 |  | 45,647 |  |

121,844 |  | 964,388 |  |

CMS Holdings UK Limited (Registered number: 05488264)

Consolidated Other Comprehensive Income

for the Year Ended 31 March 2026

| 2026 |  | 2025

| Notes | £ | £ |

Profit for the year | 121,844 |  | 964,388 |  |

Other comprehensive income | - |  | - |  |

Total comprehensive income for the year | 121,844 |  | 964,388 |  |

Total comprehensive income attributable to:

Owners of the parent | 61,917 |  | 918,741 |  |

Non-controlling interests | 59,927 |  | 45,647 |  |

121,844 |  | 964,388 |  |

CMS Holdings UK Limited (Registered number: 05488264)

Consolidated Statement of Financial Position

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

Fixed assets

Intangible assets | 11 | - |  | - |  |

Tangible assets | 12 | 2,396,575 |  | 2,953,412 |  |

Investments | 13 | - |  | - |  |

Investment property | 14 | 529,123 |  | - |  |

2,925,698 |  | 2,953,412 |  |

Current assets

Stocks | 15 | 531,019 |  | 201,947 |  |

Debtors | 16 | 11,119,645 |  | 11,961,345 |  |

Cash at bank and in hand | 145,644 |  | 79,037 |  |

11,796,308 |  | 12,242,329 |  |

Creditors

Amounts falling due within one year | 17 | 8,327,825 |  | 8,561,710 |  |

Net current assets | 3,468,483 |  | 3,680,619 |  |

Total assets less current liabilities | 6,394,181 |  | 6,634,031 |  |

Creditors

Amounts falling due after more than one year | 18 | (1,057,110 | ) | (1,297,333 | ) |

Provisions for liabilities | 22 | (173,719 | ) | (204,230 | ) |

Net assets | 5,163,352 |  | 5,132,468 |  |

Capital and reserves

Called up share capital | 23 | 111 |  | 111 |  |

Share premium | 24 | 71,128 |  | 71,128 |  |

Retained earnings | 24 | 4,869,933 |  | 4,808,016 |  |

Shareholders' funds | 4,941,172 |  | 4,879,255 |  |

Non-controlling interests | 222,180 |  | 253,213 |  |

Total equity | 5,163,352 |  | 5,132,468 |  |

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

N J Smith - Director

CMS Holdings UK Limited (Registered number: 05488264)

Company Statement of Financial Position

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

Fixed assets

Intangible assets | 11 | - |  | - |  |

Tangible assets | 12 | 2,031,765 |  | 2,543,511 |  |

Investments | 13 | 10,100 |  | 10,100 |  |

Investment property | 14 | 529,123 |  | - |  |

2,570,988 |  | 2,553,611 |  |

Current assets

Debtors | 16 | 30,999 |  | 71,910 |  |

Cash at bank | 12,304 |  | 15,725 |  |

43,303 |  | 87,635 |  |

Creditors

Amounts falling due within one year | 17 | 1,665,476 |  | 1,474,466 |  |

Net current liabilities | (1,622,173 | ) | (1,386,831 | ) |

Total assets less current liabilities | 948,815 |  | 1,166,780 |  |

Creditors

Amounts falling due after more than one year | 18 | - |  | (209,000 | ) |

Provisions for liabilities | 22 | (82,918 | ) | (102,245 | ) |

Net assets | 865,897 |  | 855,535 |  |

Capital and reserves

Called up share capital | 23 | 111 |  | 111 |  |

Share premium | 24 | 71,128 |  | 71,128 |  |

Retained earnings | 24 | 794,658 |  | 784,296 |  |

Shareholders' funds | 865,897 |  | 855,535 |  |

Company's profit for the financial year | 10,362 |  | 3,410 |  |

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

N J Smith - Director

CMS Holdings UK Limited (Registered number: 05488264)

Consolidated Statement of Changes in Equity

for the Year Ended 31 March 2026

| Called up |

| share |  | Retained |  | Share

| capital |  | earnings |  | premium

£ | £ | £ |

Balance at 1 April 2024 | 111 |  | 3,889,275 |  | 71,128 |  |

Changes in equity

Total comprehensive income | - |  | 918,741 |  | - |  |

Balance at 31 March 2025 | 111 |  | 4,808,016 |  | 71,128 |  |

Changes in equity

Total comprehensive income | - |  | 61,917 |  | - |  |

Balance at 31 March 2026 | 111 |  | 4,869,933 |  | 71,128 |  |

| Non-controlling |  | Total

| Total |  | interests |  | equity

£ | £ | £ |

Balance at 1 April 2024 | 3,960,514 |  | 298,526 |  | 4,259,040 |  |

Changes in equity

Dividends | - |  | (90,960 | ) | (90,960 | ) |

Total comprehensive income | 918,741 |  | 45,647 |  | 964,388 |  |

Balance at 31 March 2025 | 4,879,255 |  | 253,213 |  | 5,132,468 |  |

Changes in equity

Dividends | - |  | (90,960 | ) | (90,960 | ) |

Total comprehensive income | 61,917 |  | 59,927 |  | 121,844 |  |

Balance at 31 March 2026 | 4,941,172 |  | 222,180 |  | 5,163,352 |  |

CMS Holdings UK Limited (Registered number: 05488264)

Company Statement of Changes in Equity

for the Year Ended 31 March 2026

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 April 2024 | 111 |  | 780,886 |  | 71,128 |  | 852,125 |  |

Changes in equity

Total comprehensive income | - |  | 3,410 |  | - |  | 3,410 |  |

Balance at 31 March 2025 | 111 |  | 784,296 |  | 71,128 |  | 855,535 |  |

Changes in equity

Total comprehensive income | - |  | 10,362 |  | - |  | 10,362 |  |

Balance at 31 March 2026 | 111 |  | 794,658 |  | 71,128 |  | 865,897 |  |

CMS Holdings UK Limited (Registered number: 05488264)

Consolidated Statement of Cash Flows

for the Year Ended 31 March 2026

| 2026 |  | 2025

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 2,517,166 |  | 2,276,987 |  |

Interest paid | (497,374 | ) | (441,756 | ) |

Tax paid | (134,771 | ) | (390,255 | ) |

Net cash from operating activities | 1,885,021 |  | 1,444,976 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (243,209 | ) | (2,106,101 | ) |

Net cash from investing activities | (243,209 | ) | (2,106,101 | ) |

Cash flows from financing activities

Loan repayments in year | (1,757,000 | ) | (43,000 | ) |

Capital repayments in year | (8,631 | ) | - |  |

Amount introduced by directors | - |  | 500,000 |  |

Amount withdrawn by directors | (500,000 | ) | - |  |

Dividends paid to minority interests | (90,960 | ) | (90,960 | ) |

Net cash from financing activities | (2,356,591 | ) | 366,040 |  |

Decrease in cash and cash equivalents | (714,779 | ) | (295,085 | ) |

Cash and cash equivalents at beginning of year | 2 | (2,013,536 | ) | (1,718,451 | ) |

Cash and cash equivalents at end of year | 2 | (2,728,315 | ) | (2,013,536 | ) |

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Statement of Cash Flows

for the Year Ended 31 March 2026

1. | Reconciliation of profit before taxation to cash generated from operations

| 2026 |  | 2025

£ | £ |

| Profit before taxation | 165,582 |  | 1,348,710 |  |

| Depreciation charges | 331,030 |  | 244,768 |  |

| Loss on disposal of fixed assets | 21,985 |  | - |  |

| Finance costs | 497,374 |  | 441,756 |  |

1,015,971 |  | 2,035,234 |  |

| (Increase)/decrease in stocks | (329,072 | ) | 84,955 |  |

| Decrease/(increase) in trade and other debtors | 841,700 |  | (571,345 | ) |

| Increase in trade and other creditors | 988,567 |  | 728,143 |  |

| Cash generated from operations | 2,517,166 |  | 2,276,987 |  |

2. | Cash and cash equivalents

| The amounts disclosed on the Statement of cash flows in respect of cash and cash equivalents are in respect of these Statement of financial position amounts:

| Year ended 31 March 2026

| 31.3.26 |  | 1.4.25

£ | £ |

| Cash and cash equivalents | 145,644 |  | 79,037 |  |

| Bank overdrafts | (2,873,959 | ) | (2,092,573 | ) |

(2,728,315 | ) | (2,013,536 | ) |

| Year ended 31 March 2025

| 31.3.25 |  | 1.4.24

£ | £ |

| Cash and cash equivalents | 79,037 |  | 183,749 |  |

| Bank overdrafts | (2,092,573 | ) | (1,902,200 | ) |

(2,013,536 | ) | (1,718,451 | ) |

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Statement of Cash Flows

for the Year Ended 31 March 2026

3. | Analysis of changes in net debt

| Other |

| non-cash |

| At 1.4.25 | Cash flow | changes | At 31.3.26

£ | £ | £ | £ |

| Net cash |

| Cash at bank

| and in hand | 79,037 |  | 66,607 |  | 145,644 |  |

| Bank overdrafts | (2,092,573 | ) | (781,386 | ) | (2,873,959 | ) |

(2,013,536 | ) | (714,779 | ) | (2,728,315 | ) |

| Debt

| Finance leases | - |  | 8,631 |  | (82,093 | ) | (73,462 | ) |

| Debts falling due

| within 1 year | (459,667 | ) | 459,667 |  | - |  | - |  |

| Debts falling due

| after 1 year | (1,297,333 | ) | 1,297,333 |  | - |  | - |  |

(1,757,000 | ) | 1,765,631 |  | (82,093 | ) | (73,462 | ) |

| Total | (3,770,536 | ) | 1,050,852 |  | (82,093 | ) | (2,801,777 | ) |

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Financial Statements

for the Year Ended 31 March 2026

1. | Statutory information

| CMS Holdings UK 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. | Statement of compliance

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. | Accounting policies

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Basis of consolidation

| The consolidated group financial statements consist of the financial statements of the parent company CMS Holdings UK Ltd together with all entities controlled by the parent company (its subsidiaries) and the group's share of its interests in joint ventures and associates.

| All financial statements are made up to 31 March 2026. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

| All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

| Subsidiaries are consolidated in the group's financial statements from the date that control commences until the date that control ceases.

| Significant judgements and estimates

| In the process of applying the entity’s accounting policies, management has not made any judgements that have a significant effect on the amounts recognised in the financial statements.

| Management has also assessed that there are no key sources of estimation uncertainty that could result in a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2026

3. | Accounting policies - continued

| Turnover

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

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

| Revenue for the provision of professional services is recognised upon completion of the service being delivered.

| Goodwill

| Goodwill represents the amount paid in connection with the acquisition of the business in 2000. This has been fully amortised.

| 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.

| Long leasehold | - | 5 years straight line

| Plant and machinery | - | 20% on a straight line basis and 5 years straight line

| Fixtures and fittings | - | 10% on a straight line basis and 5 years straight line

| Motor vehicles | - | 20% on a straight line basis and 4 years straight line

| Computer equipment | - | 50% on cost and Straight line over 3 years

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

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

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

| Financial instruments

| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2026

3. | 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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

| Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

| Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements.

| The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

| Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

| Pension costs and other post-retirement benefits

| Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

| Borrowing costs

| Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2026

3. | Accounting policies - continued

| Impairment of fixed 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 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 carrying 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 in profit or loss.

4. | Turnover

| The turnover and profit before taxation are attributable to the one principal activity of the group.

| An analysis of turnover by class of business is given below:

| 2026 |  | 2025

£ | £ |

| Sales | 30,260,405 |  | 31,471,533 |  |

| Sale of assets | (21,985 | ) | 47,865 |  |

30,238,420 |  | 31,519,398 |  |

| An analysis of turnover by geographical market is given below:

| 2026 |  | 2025

£ | £ |

| United Kingdom | 30,238,420 |  | 31,519,398 |  |

30,238,420 |  | 31,519,398 |  |

5. | Employees and directors

| 2026 |  | 2025

£ | £ |

| Wages and salaries | 11,993,455 |  | 11,680,171 |  |

| Social security costs | 1,550,175 |  | 1,211,461 |  |

| Other pension costs | 378,050 |  | 303,399 |  |

13,921,680 |  | 13,195,031 |  |

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

| 2026 |  | 2025

| Administration | 292 |  | 295 |  |

| 2026 |  | 2025

£ | £ |

| Directors' remuneration | 552,140 |  | 381,368 |  |

| Directors' pension contributions to money purchase schemes | 119,435 |  | 95,093 |  |

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2026

5. | Employees and directors - continued

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

| Money purchase schemes | 4 |  | 4 |  |

| Information regarding the highest paid director is as follows:

| 2026 |  | 2025

£ | £ |

| Emoluments etc | 168,300 |  | 144,212 |  |

6. | Operating profit

| The operating profit is stated after charging:

| 2026 |  | 2025

£ | £ |

| Other operating leases | 42,546 |  | 24,485 |  |

| Depreciation - owned assets | 331,030 |  | 244,772 |  |

7. | Auditors' remuneration

| 2026 |  | 2025

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 22,700 |  | 25,600 |  |

8. | Interest payable and similar expenses |

| 2026 |  | 2025

£ | £ |

| Bank interest | 6,962 |  | 24,527 |  |

| Bank loan interest | 481,022 |  | 417,229 |  |

| Other interest | 9,390 |  | - |  |

497,374 |  | 441,756 |  |

9. | 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 | 23,917 |  | 206,129 |  |

| Under/over provision in prior periods | - |  | (2,110 | ) |

| Group relief | 50,332 |  | 93,143 |  |

| Total current tax | 74,249 |  | 297,162 |  |

| Deferred tax | (30,511 | ) | 87,160 |  |

| Tax on profit | 43,738 |  | 384,322 |  |

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2026

9. | Taxation - continued

| 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 | 165,582 |  | 1,348,710 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2025 - 25 %) | 41,396 |  | 337,178 |  |

| Effects of:

| Expenses not deductible for tax purposes | (710 | ) | 24,503 |  |

| Capital allowances in excess of depreciation | - |  | (62,408 | ) |

| Depreciation in excess of capital allowances | 33,562 |  | - |  |

| Adjustments to tax charge in respect of previous periods | - |  | (2,110 | ) |

| Deferred tax | (30,511 | ) | 87,160 |  |

| Other movements | 1 |  | (1 | ) |

| Total tax charge | 43,738 |  | 384,322 |  |

10. | 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.

11. | Intangible fixed assets

| Group

| Goodwill

£ |

| Cost

| At 1 April 2025

| and 31 March 2026 | 13,000 |  |

| Amortisation

| At 1 April 2025

| and 31 March 2026 | 13,000 |  |

| Net book value

| At 31 March 2026 | - |  |

| At 31 March 2025 | - |  |

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2026

12. | Tangible fixed assets

| Group

| Improvements |

| Freehold |  | Long |  | to |  | Plant and

| property |  | leasehold |  | property |  | machinery

£ | £ | £ | £ |

| Cost

| At 1 April 2025 | 2,431,009 |  | 131,552 |  | 96,802 |  | 439,664 |  |

| Additions | 168,040 |  | - |  | - |  | 38,466 |  |

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

| Reclassification/transfer | (560,968 | ) | - |  | - |  | - |  |

| At 31 March 2026 | 2,038,081 |  | 131,552 |  | 96,802 |  | 478,130 |  |

| Depreciation

| At 1 April 2025 | 41,355 |  | 131,535 |  | 96,802 |  | 190,941 |  |

| Charge for year | 48,946 |  | 17 |  | - |  | 85,836 |  |

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

| Reclassification/transfer | (31,845 | ) | - |  | - |  | - |  |

| At 31 March 2026 | 58,456 |  | 131,552 |  | 96,802 |  | 276,777 |  |

| Net book value

| At 31 March 2026 | 1,979,625 |  | - |  | - |  | 201,353 |  |

| At 31 March 2025 | 2,389,654 |  | 17 |  | - |  | 248,723 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| Cost

| At 1 April 2025 | 76,106 |  | 718,162 |  | 573,733 |  | 4,467,028 |  |

| Additions | - |  | 92,378 |  | 26,418 |  | 325,302 |  |

| Disposals | - |  | (85,140 | ) | - |  | (85,140 | ) |

| Reclassification/transfer | - |  | - |  | - |  | (560,968 | ) |

| At 31 March 2026 | 76,106 |  | 725,400 |  | 600,151 |  | 4,146,222 |  |

| Depreciation

| At 1 April 2025 | 65,198 |  | 518,934 |  | 468,851 |  | 1,513,616 |  |

| Charge for year | 3,815 |  | 114,770 |  | 77,646 |  | 331,030 |  |

| Eliminated on disposal | - |  | (63,154 | ) | - |  | (63,154 | ) |

| Reclassification/transfer | - |  | - |  | - |  | (31,845 | ) |

| At 31 March 2026 | 69,013 |  | 570,550 |  | 546,497 |  | 1,749,647 |  |

| Net book value

| At 31 March 2026 | 7,093 |  | 154,850 |  | 53,654 |  | 2,396,575 |  |

| At 31 March 2025 | 10,908 |  | 199,228 |  | 104,882 |  | 2,953,412 |  |

| Included within freehold property at 31 March 2026 are capitalised borrowing costs of £44,939 (2025: £33,513).

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2026

12. | Tangible fixed assets - continued

| Group

| Included within tangible fixed assets are assets held under Hire Purchase agreements with a Net Book Value of £70,119 (2025: nil). The depreciation charged on these assets in the period was £11,974.

| Company

| Improvements |  | Fixtures |

| Freehold |  | to |  | and |  | Motor |

| property |  | property |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| Cost

| At 1 April 2025 | 2,431,009 |  | 96,802 |  | 27,912 |  | 518,144 |  | 3,073,867 |  |

| Additions | 168,040 |  | - |  | - |  | - |  | 168,040 |  |

| Disposals | - |  | - |  | - |  | (85,139 | ) | (85,139 | ) |

| Reclassification/transfer | (560,968 | ) | - |  | - |  | - |  | (560,968 | ) |

| At 31 March 2026 | 2,038,081 |  | 96,802 |  | 27,912 |  | 433,005 |  | 2,595,800 |  |

| Depreciation

| At 1 April 2025 | 41,355 |  | 96,802 |  | 27,912 |  | 364,287 |  | 530,356 |  |

| Charge for year | 48,946 |  | - |  | - |  | 79,732 |  | 128,678 |  |

| Eliminated on disposal | - |  | - |  | - |  | (63,154 | ) | (63,154 | ) |

| Reclassification/transfer | (31,845 | ) | - |  | - |  | - |  | (31,845 | ) |

| At 31 March 2026 | 58,456 |  | 96,802 |  | 27,912 |  | 380,865 |  | 564,035 |  |

| Net book value

| At 31 March 2026 | 1,979,625 |  | - |  | - |  | 52,140 |  | 2,031,765 |  |

| At 31 March 2025 | 2,389,654 |  | - |  | - |  | 153,857 |  | 2,543,511 |  |

13. | Fixed asset investments

| Company

| Shares in

| group

| undertakings

£ |

| Cost

| At 1 April 2025

| and 31 March 2026 | 10,100 |  |

| Net book value

| At 31 March 2026 | 10,100 |  |

| At 31 March 2025 | 10,100 |  |

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2026

13. | Fixed asset investments - continued

| The group or the company's investments at the Statement of financial position date in the share capital of companies include the following:

| Subsidiaries

| Commercial Maintenance Services UK Limited

| Registered office: Innovation House, Hawks Road, Gateshead, England, NE8 3AD

| Nature of business: Install & maintain commercial equipment.

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Advantage Utilities Services Limited

| Registered office: Tyne House, Temple Street, Gateshead, Tyne & Wear, NE10 0HN

| Nature of business: Utility management services

| %

| Class of shares: | holding |

| Ordinary | 52.00 |

14. | Investment property

| Group

| Total

£ |

| Fair value

| Reclassification/transfer | 529,123 |  |

| At 31 March 2026 | 529,123 |  |

| Net book value

| At 31 March 2026 | 529,123 |  |

| Company

| Total

£ |

| Fair value

| Reclassification/transfer | 529,123 |  |

| At 31 March 2026 | 529,123 |  |

| Net book value

| At 31 March 2026 | 529,123 |  |

15. | Stocks

| Group |

2026 | 2025 |

£ | £ |

| Stocks | 237,685 |  | 201,947 |  |

| Work-in-progress | 293,334 |  | - |  |

531,019 |  | 201,947 |  |

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2026

16. | Debtors: amounts falling due within one year |

| Group |  | Company |

2026 | 2025 | 2026 | 2025 |

£ | £ | £ | £ |

| Trade debtors | 6,143,204 |  | 6,224,429 |  | - |  | - |  |

| Amounts owed by group undertakings | 4,182,945 |  | 3,851,607 |  | 30,000 |  | 39,920 |  |

| Other debtors | 18,781 |  | 45,644 |  | - |  | - |  |

| Retentions | 999 |  | 3,844 |  | 999 |  | 3,844 |  |

| Prepayments and accrued income | 773,716 |  | 1,835,821 |  | - |  | 28,146 |  |

11,119,645 |  | 11,961,345 |  | 30,999 |  | 71,910 |  |

17. | Creditors: amounts falling due within one year |

| Group |  | Company |

2026 | 2025 | 2026 | 2025 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 19) | 2,873,959 |  | 2,552,240 |  | - |  | 33,000 |  |

| Hire purchase contracts (see note 20) | 16,282 |  | - |  | - |  | - |  |

| Trade creditors | 2,001,734 |  | 2,723,297 |  | 4,751 |  | 31,560 |  |

| Amounts owed to group undertakings | 709,284 |  | 320 |  | 1,251,625 |  | 306,669 |  |

| Corporation tax | 24,472 |  | 84,994 |  | - |  | - |  |

| Social security and other taxes | 354,059 |  | 328,468 |  | 123,302 |  | 86,843 |  |

| VAT | 700,797 |  | 753,400 |  | 214,917 |  | 221,273 |  |

| Other creditors | 709,071 |  | 597,081 |  | 17,751 |  | 28,259 |  |

| Directors' loan accounts | - |  | 500,000 |  | - |  | 500,000 |  |

| Accruals and deferred income | 938,167 |  | 1,021,910 |  | 53,130 |  | 266,862 |  |

8,327,825 |  | 8,561,710 |  | 1,665,476 |  | 1,474,466 |  |

18. | Creditors: amounts falling due after more than one year |

| Group |  | Company |

2026 | 2025 | 2026 | 2025 |

£ | £ | £ | £ |

| Bank loans (see note 19) | - |  | 1,297,333 |  | - |  | 209,000 |  |

| Hire purchase contracts (see note 20) | 57,180 |  | - |  | - |  | - |  |

| Amounts owed to group undertakings | 999,930 |  | - |  | - |  | - |  |

1,057,110 |  | 1,297,333 |  | - |  | 209,000 |  |

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2026

19. | Loans

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

| Group |  | Company |

2026 | 2025 | 2026 | 2025 |

£ | £ | £ | £ |

| Amounts falling due within one year or | on demand: |

| Bank overdrafts | 2,873,959 |  | 2,092,573 |  | - |  | - |  |

| Bank loans | - |  | 459,667 |  | - |  | 33,000 |  |

2,873,959 |  | 2,552,240 |  | - |  | 33,000 |  |

| Amounts falling due between one and | two years: |

| Bank loans - 1-2 years | - |  | 38,000 |  | - |  | 33,000 |  |

| Amounts falling due between two and | five years: |

| Bank loans - 2-5 years | - |  | 1,182,333 |  | - |  | 99,000 |  |

| Amounts falling due in more than five | years: |

| Repayable by instalments

| Bank loans | - |  | 77,000 |  | - |  | 77,000 |  |

20. | Leasing agreements

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2026 | 2025 |

£ | £ |

| Net obligations repayable:

| Within one year | 16,282 |  | - |  |

| Between one and five years | 57,180 |  | - |  |

73,462 |  | - |  |

| Group

| Non-cancellable |

| operating leases |

2026 | 2025 |

£ | £ |

| Within one year | 1,028,482 |  | 975,205 |  |

| Between one and five years | 648,442 |  | 1,059,729 |  |

1,676,924 |  | 2,034,934 |  |

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2026

21. | Secured debts

| The following secured debts are included within creditors:

| Group |

2026 | 2025 |

£ | £ |

| Bank overdraft | 2,873,959 |  | - |  |

| Bank loans | - |  | 1,757,000 |  |

2,873,959 |  | 1,757,000 |  |

| The Group's bank loans are secured by a debenture including fixed and floating charges over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery dated 6 May 2022 with Arbuthnot Commercial Asset Based Lending Limited.

22. | Provisions for liabilities

| Group |  | Company |

2026 | 2025 | 2026 | 2025 |

£ | £ | £ | £ |

| Deferred tax | 173,719 |  | 204,230 |  | 82,918 |  | 102,245 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 April 2025 | 204,230 |  |

| Provided during year | (30,511 | ) |

| Balance at 31 March 2026 | 173,719 |  |

| Company

| Deferred |

| tax |

£ |

| Balance at 1 April 2025 | 102,245 |  |

| Provided during year | (19,327 | ) |

| Balance at 31 March 2026 | 82,918 |  |

23. | Called up share capital

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 111,315 | Ordinary | 0.001 | 111 |  | 111 |  |

| The Ordinary shares have full voting rights of one vote per share held and full rights to participate in dividends and other distributions. On a winding up or return of capital the shareholder is entitled to return of capital and to share in any surplus. The shares are not redeemable.

CMS Holdings UK Limited (Registered number: 05488264)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2026

24. | Reserves

| Group

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 April 2025 | 4,808,016 |  | 71,128 |  | 4,879,144 |  |

| Profit for the year | 61,917 |  | 61,917 |  |

| At 31 March 2026 | 4,869,933 |  | 71,128 |  | 4,941,061 |  |

| Company

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 April 2025 | 784,296 |  | 71,128 |  | 855,424 |  |

| Profit for the year | 10,362 |  | 10,362 |  |

| At 31 March 2026 | 794,658 |  | 71,128 |  | 865,786 |  |

| The profit and loss account includes all current and prior period profit and losses.

| The share premium reserve includes amounts paid over par for shares in the company in prior periods.

25. | Pension commitments

|  | 2026 |  |  | 2025 |

| Defined contribution schemes |  | £ |  |  | £ |

| Charge to profit or loss in respect of defined contribution schemes |  | 378,050 |  |  | 303,399 |

| The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

26. | Ultimate controlling party

| The directors are of the opinion that the company is controlled by Newable Partnership Limited by virtue of their majority shareholding in Newable CMS Limited, the ultimate parent undertaking which holds a 100% shareholding in CMS Holdings UK Limited.

| CMS Holdings UK Limited is the smallest group for which group accounts are prepared.

| Newable Partnership Limited is the parent of the largest group for which group accounts are prepared. The registered office of the ultimate parent is 140 Aldersgate Street, London, EC1A 4HY, United Kingdom.

27. | Audit exemption

| For the financial year ended 31 March 2026 the subsidiary, Advantage Utilities Services Ltd, has

| taken advantage of the exemption from audit under section 479A of the Companies Act 2006 relating

| to subsidiary companies.