ACCOUNTS - Final Accounts

Hire purchase and finance leases

Minimum lease payments under hire purchase fall due as follows:

Registered number: 01896300

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

COMPANY INFORMATION

Directors	R M Clark
	K H Tan


Registered number	01896300


Registered office	Unit 10, 12 Beacon Court
	Pitstone Green Business Park
	Quarry Road
	Pitstone
	LU7 9GY


Independent auditors	Barnes Roffe Audit Limited
	Chartered Accountants & Statutory Auditors
	3 Brook Business Centre
	Cowley Mill Road
	Uxbridge
	Middlesex
	UB8 2FX

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

CONTENTS

	Page
Directors' report	1 - 2
Independent auditors' report	3 - 7
Statement of comprehensive income	8
Statement of financial position	9 - 10
Notes to the financial statements	11 - 21

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MARCH 2026

The directors present their report and the financial statements for the year ended 31 March 2026.
Change of name
On 21 January 2026 the company changed its name from Colbree Precision Limited to Advanced Manufacturing Corporation UK Ltd.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), 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 of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The directors who served during the year were:

J Tan (resigned 15 July 2025)

R M Clark

K H Tan (appointed 15 July 2025)

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 1

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Auditors

The auditors, Barnes Roffe Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 6 August 2026 and signed on its behalf.

K H Tan

Director

Page 2

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

Opinion

We have audited the financial statements of Advanced Manufacturing Corporation UK Ltd (Formerly Known as Colbree Precision Limited) (the 'Company') for the year ended 31 March 2026, which comprise the Statement of comprehensive income, the Statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 March 2026 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 3

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED) (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.

Opinion 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 Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' report has 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 Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit; or

∙the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' report and from the requirement to prepare a Strategic report.

Page 4

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED) (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 1, 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 is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

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 an Auditors' report 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.

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.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law 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 discussion with directors and other management, and from our commercial knowledge and experience of the relevant sector;

∙The specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, are as follows:
i) Companies Act 2006
ii) FRS 102
iii) Tax legislation
iv) Employment legislation
v) AS9100D & ISO9001

∙We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and reviewing supporting evidence where applicable; and

∙Laws and regulations were communicated within the audit team at the planning meeting, and during the audit as any further laws and regulation were identified. The audit team remained alert to instances of noncompliance throughout the audit.

Page 5

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED) (CONTINUED)

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 consider there was susceptibility to fraud and 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;

∙Reviewing the financial statements and testing the disclosures against supporting documentation;

∙Performing analytical procedures to identify any unusual or unexpected trends or anomalies;

∙Inspecting and testing journal entries to identify unusual or unexpected transactions;

∙Assessing whether judgement and assumptions made in determining significant accounting estimates, were indicative of management bias; and

∙Investigating the rationale behind significant transactions, or transactions that are unusual or outside the company’s usual course of business.

The areas that we identified as being susceptible to misstatement through fraud were:

∙Management bias in the estimates and judgements made;

∙Management override of controls; and

∙Posting of unusual journals or transactions

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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 Auditors' report.

Page 6

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED) (CONTINUED)

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 an Auditors' report 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.

Qasim Mehdi (Senior statutory auditor)

for and on behalf of

Barnes Roffe Audit Limited

Chartered Accountants & Statutory Auditors

3 Brook Business Centre

Cowley Mill Road

Uxbridge

Middlesex

UB8 2FX

7 August 2026

Page 7

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2026

	2026	2025
	£	£


Turnover	5,505,027	6,363,420
Cost of sales	(3,605,586)	(4,024,837)
Gross profit	1,899,441	2,338,583
Administrative expenses	(1,528,584)	(1,727,905)
Other operating income	15,626	12,000
Operating profit	386,483	622,678
Interest receivable and similar income	-	1,026
Interest payable and similar expenses	(36,152)	(47,195)
Profit before tax	350,331	576,509
Tax on profit	(103,759)	(146,500)
Profit for the financial year	246,572	430,009

Total comprehensive income for the year

246,572

430,009

The notes on pages 11 to 21 form part of these financial statements.

Page 8

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

REGISTERED NUMBER: 01896300

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note	£	£	£	£

Fixed assets
Tangible assets	5		2,821,224		2,437,582
Investments	6		104,080		104,080
			2,925,304		2,541,662
Current assets
Stocks	7	1,291,970		1,086,683
Debtors: amounts falling due within one year	8	869,153		963,792
Cash at bank and in hand	9	242,167		209,948
		2,403,290		2,260,423
Creditors: amounts falling due within one year	10	(1,241,308)		(1,281,978)
Net current assets			1,161,982		978,445
Total assets less current liabilities			4,087,286		3,520,107
Creditors: amounts falling due after more than one year	11		(464,202)		(247,354)
Provisions for liabilities
Deferred tax	13	(685,959)		(582,200)
			(685,959)		(582,200)
Net assets			2,937,125		2,690,553

Capital and reserves
Called up share capital	14	35,000	35,000
Revaluation reserve		38,946	38,946
Profit and loss account		2,863,179	2,616,607
		2,937,125	2,690,553

Page 9

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

REGISTERED NUMBER: 01896300

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 August 2026.

K H Tan

Director

The notes on pages 11 to 21 form part of these financial statements.

Page 10

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Advanced Manufacturing Corporation UK Ltd (Formerly known as Colbree Precision Limited) is a company limited by shares, incorporated in England and Wales. The address of the registered office is Unit 10, 12 Beacon Court, Pitstone Green Business Park, Quarry Road, Pitstone, LU7 9GY.
The company specialises in precision engineering.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The directors note that the company is trading adequately and has sufficient working capital and other finance available to continue trading for a period of not less than 12 months from the date of signing these financial statements.
As such, the directors believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue is recognised on the date that goods are dispatched to customers.

Page 11

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.4

Tangible fixed assets

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

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	20% straight line
Plant and machinery	-	5-20% straight line
Motor vehicles	-	20% straight line
Fixtures & fittings	-	5-20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

2.5

Revaluation of tangible fixed assets

The directors have been unable to obtain historical cost and accumulated depreciation at the balance sheet date and comparatives period and therefore this disclosure has been omitted.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 12

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

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

2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.

2.12

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.13

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

Page 13

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.14

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of comprehensive income so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.15

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.16

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

2.17

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

2.18

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

Page 14

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.19

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.20

Invoice discounting

The company discounts its trade debts. The accounting policy of the company is to include trade debtors within one year and the returnable element of the advance within current liabilities. Discounting charges and interest are charged to the Statement of comprehensive income when they are due. Bad debts are borne by the company and are charged to the Statement of comprehensive income incurred.

Employees

The average monthly number of employees, including directors, during the year was 39 (2025 - 41).

Page 15

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

4.	Directors' remuneration
		2026	2025
		£	£

Directors' emoluments	115,910	127,853
Company contributions to defined contribution pension schemes	3,182	6,960
	119,092	134,813

During the year retirement benefits were accruing to 1 director (2025 - 1) in respect of defined contribution pension schemes.

5.	Tangible fixed assets

	Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2025	43,793	2,756,942	55,841	438,391	3,294,967
Additions	-	655,319	-	3,662	658,981
Disposals	-	(72,150)	-	-	(72,150)
At 31 March 2026	43,793	3,340,111	55,841	442,053	3,881,798
Depreciation
At 1 April 2025	32,846	676,199	3,001	145,339	857,385
Charge for the year on owned assets	10,947	73,970	13,417	28,253	126,587
Charge for the year on financed assets	-	102,646	-	-	102,646
Disposals	-	(26,044)	-	-	(26,044)
At 31 March 2026	43,793	826,771	16,418	173,592	1,060,574
Net book value
At 31 March 2026	-	2,513,340	39,423	268,461	2,821,224
At 31 March 2025	10,947	2,080,743	52,840	293,052	2,437,582

Page 16

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

5.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2026	2025
	£	£


Plant and machinery	1,141,668	1,243,628
	1,141,668	1,243,628

The directors have been unable to obtain historical cost and accumulated depreciation at the balance sheet date and comparatives period and therefore this disclosure has been omitted.

6.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 April 2025	104,080
	At 31 March 2026	104,080

	Net book value
	At 31 March 2026	104,080
	At 31 March 2025	104,080

Page 17

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Class of shares	Holding

Colbree Advanced Products Limited

Ordinary

100%

The subsidiary had aggregate share capital and reserves amounting to £1,721,600 as at 31 March 2026 and profit after tax amounting to £495,502 for the year ended 31 March 2026.

7.	Stocks
		2026	2025
		£	£

Raw materials and consumables	331,906	93,392
Work in progress	629,236	410,149
Finished goods and goods for resale	330,828	583,142
	1,291,970	1,086,683

Debtors

					2026	2025
					£	£


Trade debtors	807,601	882,417
Other debtors	17,037	37,131
Prepayments and accrued income	44,515	44,244
	869,153	963,792

9.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	242,167	209,948
Less: Factoring account	(927)	-
	241,240	209,948

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ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

10.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Factoring account	927	-
Trade creditors	342,206	547,628
Amounts owed to group undertakings	534,705	434,068
Other taxation and social security	115,065	120,098
Obligations under finance lease and hire purchase contracts	195,773	157,726
Other creditors	37,934	22,458
Accruals and deferred income	14,698	-
	1,241,308	1,281,978

Net obligations under finance leases and hire purchase contracts are secured over the assets to which they relate.
Factoring account is secured by a fixed and floating charge over the assets of the company.

11.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Net obligations under finance leases and hire purchase contracts	464,202	247,354
	464,202	247,354

Net obligations under finance leases and hire purchase contracts are secured over the assets to which they relate.

Within one year	195,773	157,726
Between 1-5 years	464,202	111,400
Over 5 years	-	135,954
	659,975	405,080

Page 19

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

13.	Deferred taxation

	2026	2025
	£	£

At beginning of year	582,200	435,700
Charged to the Statement of comprehensive income	103,759	146,500
At end of year	685,959	582,200

The provision for deferred taxation is made up as follows:
	2026	2025
	£	£

Tax losses carried forward	(14,358)	(9,977)
Other timing differences	(2,296)	(515)
Accelerated capital allowances	702,613	592,692
	685,959	582,200

14.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

35,000 Ordinary shares of £1 each	35,000	35,000

15.	Contingent liabilities

Advanced Manufacturing Corporation UK Ltd has given an unlimited cross guarantee to the bankers of Colbree Advanced Products Limited in respect of their borrowings. The potential liability at the year end was £2,061,862 (2025 - £2,123,604).

16.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £62,564 (2025 - £74,351). Contributions totalling £16,034 (2025 - £3,660) were payable to the fund at the balance sheet date and are included in creditors.

Page 20

ADVANCED MANUFACTURING CORPORATION UK LTD (FORMERLY KNOWN AS COLBREE PRECISION LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

17.	Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the reporting date.

18.	Related party transactions
	The company has taken advantage of the exemption permitted by Financial Reporting Standard 102 not to disclose any transactions with wholly owned members of group.

19.	Ultimate parent undertaking and controlling party

The company's immediate parent undertaking is Advanced Integrated Manufacturing Corp. Pte. Ltd.; a company incorporated in Singapore.
The smallest and largest group which consolidates the company is AIM HoldCo Pte. Ltd. Copies of those consolidated financial statements can be obtained from 8 Marina View, #14-06A, Asia Square Tower 1, Singapore 018960.
The ultimate parent undertaking is StateSquare HoldCo Alpha Pte. Ltd., a private equity business incorporated in Singapore which is not required to consolidate its investments.
There is no ultimate controlling party.

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