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REGISTERED NUMBER: 08177686 (England and Wales)

SENNICK HOLDINGS LIMITED

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page |

| Group Strategic Report | 1 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 5 |

| Consolidated Income Statement | 9 |

| Consolidated Other Comprehensive Income | 10 |

| Consolidated Balance Sheet | 11 |

| Company Balance Sheet | 12 |

| Consolidated Statement of Changes in Equity | 13 |

| Company Statement of Changes in Equity | 14 |

| Consolidated Cash Flow Statement | 15 |

| Notes to the Consolidated Cash Flow Statement | 16 |

| Notes to the Consolidated Financial Statements | 18 |

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

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 results for the year under review reflect the significant progress that the Business is making against our long-term strategic plan with consistent revenue growth and increased profitability. Our performance in the defence niche was particularly strong with solid demand for our Research and Innovation Solutions.

We continue to invest in our digital solutions and we are pleased to see the increasing competitiveness of Protean (our cloud-based application) and the appliance based digital solutions. However, we were disappointed by the overall level of digital solution sales due to the continued delay of the release of the Defence Industrial Plan by HMG and the resulting delays to the major Defence programmes.

PRINCIPAL RISKS AND UNCERTAINTIES

The Principal financial risks faced by the Business, and the Business's objectives and policies in relation to those risks are as follows:

CASH FLOW RISK

The Head of Finance closely manages the Business's cash flow. Detailed cash flow forecasts are regularly prepared with the objective of alerting the Directors to any future risks.

CREDIT RISK

The Business primarily operates in the Defence, Security and Law Enforcement markets. As such the majority of customers are government departments or major operators in the government supply chain and are no to low risk of financial failure. The Business also has strong procedures in place with regard to money collection.

CURRENCY RISK

The Business faces a currency risk where it conducts business overseas, mainly in European community. However, this exposure is offset by the purchase of specialist equipment used in many of our solutions from an European source.

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 MARCH 2026

FINANCIAL KEY PERFORMANCE INDICATORS

The Directors consider the following Key Performance Indicators when assessing the performance of the Business:

TURNOVER

Turnover increased by 28% to £10.76M (2025 £8.39M). The Business has averaged a compound annual growth rate of 22% for the past 5 years.

PROFIT (LOSS) BEFORE TAX

Despite the continuing investment in our digital products the outcome for the year resulted in a profit of £1,123k (10.4%) an improvement over the 2025 loss of £188k

HEADCOUNT

Our headcount increased from 65 to 68 FTE's over the year reflecting our continuing focus on productivity and the need to enhance to enhance our capability.

ON BEHALF OF THE BOARD:

S N Kingan - Director

17 August 2026

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

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.

DIVIDENDS

During the year the following interim dividends were paid: £300,000 on Ordinary shares.

The directors recommend no final dividends.

DIRECTORS

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

S N Kingan

T B Thompson

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). 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.

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 MARCH 2026

AUDITORS

The auditors, CFW Accountants LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S N Kingan - Director

17 August 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

SENNICK HOLDINGS LIMITED

Opinion

We have audited the financial statements of Sennick Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2026 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2026 and of the group's profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the 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

SENNICK HOLDINGS LIMITED

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Group Strategic Report and the Report of the 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 three, 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

SENNICK HOLDINGS LIMITED

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we consider the following:

- the nature of the industry and sector, control environment and business performance;

- results of our enquiries of management and those charged with governance about their own identification and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any

instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected

or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team and involving other members of staff requiring consultation regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (UK GAAP), pensions legislation and tax legislation.

In addition, we considered the provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty.

Audit response to risks identified

As a result of performing the above, our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management and those charged with governance concerning actual and potential litigation and claims;

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

SENNICK HOLDINGS LIMITED

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicate relevant identified laws and regulations and potential fraud risks to all engagement team members, including other members of staff consulted, and remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

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.

Material misstatements 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.

David Ian Baker FCCA (Senior Statutory Auditor)

for and on behalf of CFW Accountants LLP

Chartered Accountants

& Statutory Auditors

3 Weekley Wood Close

Kettering

Northamptonshire

NN14 1UQ

17 August 2026

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

CONSOLIDATED

INCOME STATEMENT

FOR THE YEAR ENDED 31 MARCH 2026

| 2026 |  | 2025

| Notes | £'000 | £'000 |

TURNOVER | 3 | 10,758 |  | 8,395 |  |

Cost of sales | (453 | ) | (1,189 | ) |

GROSS PROFIT | 10,305 |  | 7,206 |  |

Administrative expenses | (9,209 | ) | (7,413 | ) |

OPERATING PROFIT/(LOSS) | 5 | 1,096 |  | (207 | ) |

Interest receivable and similar income | 27 |  | 23 |  |

1,123 |  | (184 | ) |

Interest payable and similar expenses | 6 | - |  | (4 | ) |

PROFIT/(LOSS) BEFORE TAXATION | 1,123 |  | (188 | ) |

Tax on profit/(loss) | 7 | 671 |  | 547 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,794 |  | 359 |  |

Profit attributable to:

Owners of the parent | 1,794 |  | 359 |  |

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

CONSOLIDATED

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2026

| 2026 |  | 2025

| Notes | £'000 | £'000 |

PROFIT FOR THE YEAR | 1,794 |  | 359 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,794 |  | 359 |  |

Total comprehensive income attributable to:

Owners of the parent | 1,794 |  | 359 |  |

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

CONSOLIDATED BALANCE SHEET

31 MARCH 2026

| 2026 | 2025 |

| Notes | £'000 | £'000 | £'000 | £'000 |

FIXED ASSETS

Tangible assets | 10 | 165 |  | 86 |  |

Investments | 11 | - |  | - |  |

165 |  | 86 |  |

CURRENT ASSETS

Stocks | 12 | 332 |  | 27 |  |

Debtors | 13 | 6,019 |  | 4,451 |  |

Investments | 14 | 500 |  | - |  |

Cash at bank | 4,216 |  | 1,451 |  |

11,067 |  | 5,929 |  |

CREDITORS

Amounts falling due within one year | 15 | 6,690 |  | 3,802 |  |

NET CURRENT ASSETS | 4,377 |  | 2,127 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,542 |  | 2,213 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (1,191 | ) | (374 | ) |

PROVISIONS FOR LIABILITIES | 17 | (19 | ) | - |  |

NET ASSETS | 3,332 |  | 1,839 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 1 |  | 1 |  |

Retained earnings | 19 | 3,331 |  | 1,838 |  |

SHAREHOLDERS' FUNDS | 3,332 |  | 1,839 |  |

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by:

S N Kingan - Director

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

COMPANY BALANCE SHEET

31 MARCH 2026

| 2026 | 2025 |

| Notes | £'000 | £'000 | £'000 | £'000 |

FIXED ASSETS

Tangible assets | 10 | - |  | - |  |

Investments | 11 | 2,550 |  | 2,550 |  |

2,550 |  | 2,550 |  |

CREDITORS

Amounts falling due within one year | 15 | 1,784 |  | 1,484 |  |

NET CURRENT LIABILITIES | (1,784 | ) | (1,484 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 766 |  | 1,066 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 1 |  | 1 |  |

Retained earnings | 19 | 765 |  | 1,065 |  |

SHAREHOLDERS' FUNDS | 766 |  | 1,066 |  |

Company's profit for the financial year | - |  | - |  |

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by:

S N Kingan - Director

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2026

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£'000 | £'000 | £'000 |

Balance at 1 April 2024 | 1 |  | 1,579 |  | 1,580 |  |

Changes in equity

Dividends | - |  | (100 | ) | (100 | ) |

Total comprehensive income | - |  | 359 |  | 359 |  |

Balance at 31 March 2025 | 1 |  | 1,838 |  | 1,839 |  |

Changes in equity

Dividends | - |  | (300 | ) | (300 | ) |

Total comprehensive income | - |  | 1,794 |  | 1,794 |  |

Balance at 31 March 2026 | 1 |  | 3,332 |  | 3,333 |  |

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2026

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£'000 | £'000 | £'000 |

Balance at 1 April 2024 | 1 |  | 1,165 |  | 1,166 |  |

Changes in equity

Dividends | - |  | (100 | ) | (100 | ) |

Balance at 31 March 2025 | 1 |  | 1,065 |  | 1,066 |  |

Changes in equity

Dividends | - |  | (300 | ) | (300 | ) |

Balance at 31 March 2026 | 1 |  | 765 |  | 766 |  |

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2026

| 2026 |  | 2025

| Notes | £'000 | £'000 |

Cash flows from operating activities

Cash generated from operations | 1 | 2,974 |  | (554 | ) |

Interest paid | - |  | (4 | ) |

Tax paid | 690 |  | 547 |  |

Net cash from operating activities | 3,664 |  | (11 | ) |

Cash flows from investing activities

Purchase of tangible fixed assets | (126 | ) | (12 | ) |

Fixed term deposits paid in | (500 | ) | - |  |

Interest received | 27 |  | 23 |  |

Net cash from investing activities | (599 | ) | 11 |  |

Cash flows from financing activities

Equity dividends paid | (300 | ) | (100 | ) |

Net cash from financing activities | (300 | ) | (100 | ) |

Increase/(decrease) in cash and cash equivalents | 2,765 |  | (100 | ) |

Cash and cash equivalents at beginning of year | 2 | 1,451 |  | 1,552 |  |

Cash and cash equivalents at end of year | 2 | 4,216 |  | 1,451 |  |

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2026

1. | RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2026 |  | 2025

£'000 | £'000 |

| Profit/(loss) before taxation | 1,123 |  | (188 | ) |

| Depreciation charges | 46 |  | 48 |  |

| Finance costs | - |  | 4 |  |

| Finance income | (27 | ) | (23 | ) |

1,142 |  | (159 | ) |

| (Increase)/decrease in stocks | (305 | ) | 88 |  |

| Increase in trade and other debtors | (1,568 | ) | (1,162 | ) |

| Increase in trade and other creditors | 3,705 |  | 679 |  |

| Cash generated from operations | 2,974 |  | (554 | ) |

2. | CASH AND CASH EQUIVALENTS

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

| Year ended 31 March 2026

| 31.3.26 |  | 1.4.25

£'000 | £'000 |

| Cash and cash equivalents | 4,216 |  | 1,451 |  |

| Year ended 31 March 2025

| 31.3.25 |  | 1.4.24

£'000 | £'000 |

| Cash and cash equivalents | 1,451 |  | 1,552 |  |

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2026

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.4.25 | Cash flow | At 31.3.26

£'000 | £'000 | £'000 |

| Net cash |

| Cash at bank | 1,451 |  | 2,765 |  | 4,216 |  |

1,451 |  | 2,765 |  | 4,216 |  |

| Liquid resources |

| Current asset investments | - |  | 500 |  | 500 |  |

- |  | 500 |  | 500 |  |

| Total | 1,451 |  | 3,265 |  | 4,716 |  |

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| Sennick Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 08177686

| Registered office: | 8 The Triangle

| Enterprise Way

| Business Park

| Nottingham

| NG2 1AE

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Basis of consolidation

| The consolidated financial statements present the results of the Company and its subsidiaries ("the Group") as they formed a single entity. All intra-group transactions, balances, income and expenses are eliminated on consolidation.

| A subsidiary is an entity controlled by the Group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

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

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

2. | ACCOUNTING POLICIES - continued

| Significant judgements and estimates

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

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

| Critical judgements

| The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

| Revenue recognised on long term contracts

| The company has a number of customer contracts that span two accounting periods.

| Work in progress, which is included in stock, is stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contract, less amounts received as progress payments on account. Excess progress payments are included in creditors as deferred income.

| Revenue on long term contracts is measured each month with reference to the stage of completion of the contract. The directors' best estimates of contract outcomes and stage of completion are used.

| Turnover

| Turnover represents amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - the amount of revenue can be measured reliably;

| - it is probable that the Company will receive the consideration due under the contract;

| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and

| - the costs incurred and the costs to complete the contract can be measured reliably.

| Tangible fixed assets

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

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 20% on cost

| Computer equipment | - | 20% on cost

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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 provision of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where 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 sell the liability simultaneously.

| Debtors and creditors

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risk and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Basic financial liabilities

| Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially as transactions price and subsequently measured at amortised cost using the effective interest method.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. | TURNOVER

| The turnover and profit (2025 - loss) 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

£'000 | £'000 |

| Solutions | 7,730 |  | 5,862 |  |

| Support and maintenance | 3,028 |  | 2,533 |  |

10,758 |  | 8,395 |  |

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

4. | EMPLOYEES AND DIRECTORS

| 2026 |  | 2025

£'000 | £'000 |

| Wages and salaries | 4,437 |  | 4,208 |  |

| Social security costs | 559 |  | 492 |  |

| Other pension costs | 796 |  | 759 |  |

5,792 |  | 5,459 |  |

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

| 2026 |  | 2025

| Engineering | 25 |  | 30 |  |

| Professional Services | 17 |  | 15 |  |

| Markets and Propositions | 5 |  | 4 |  |

| Sales | 5 |  | 7 |  |

| Corporate Services | 9 |  | 9 |  |

| Directorate | 3 |  | 3 |  |

64 |  | 68 |  |

| The average number of employees by undertakings that were proportionately consolidated during the year was 64 (2025 - 68 ) .

| 2026 |  | 2025

£ | £ |

| Directors' remuneration | 517,697 |  | 327,687 |  |

| Directors' pension contributions to money purchase schemes | 60,310 |  | 61,076 |  |

| Information regarding the highest paid director is as follows:

| 2026 |  | 2025

£ | £ |

| Emoluments etc | 387,110 |  | 197,709 |  |

| Pension contributions to money purchase schemes | 60,310 |  | 60,451 |  |

5. | OPERATING PROFIT/(LOSS)

| The operating profit (2025 - operating loss) is stated after charging:

| 2026 |  | 2025

£'000 | £'000 |

| Other operating leases | 102 |  | 101 |  |

| Depreciation - owned assets | 47 |  | 48 |  |

| Auditors' remuneration | 12 |  | 13 |  |

| Foreign exchange differences | 13 |  | 4 |  |

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2026 |  | 2025

£'000 | £'000 |

| Bank interest | - |  | 4 |  |

7. | TAXATION

| Analysis of the tax credit

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

| 2026 |  | 2025

£'000 | £'000 |

| Current tax:

| UK corporation tax | (690 | ) | (547 | ) |

| Deferred tax | 19 |  | - |  |

| Tax on profit/(loss) | (671 | ) | (547 | ) |

| Reconciliation of total tax credit included in profit and loss

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

| 2026 |  | 2025

£'000 | £'000 |

| Profit/(loss) before tax | 1,123 |  | (189 | ) |

| Profit/(loss) multiplied by the standard rate of corporation tax in the UK of 25 % (2025 - 19 %) | 281 |  | (36 | ) |

| Effects of:

| Expenses not deductible for tax purposes | 1 |  | 1 |  |

| Depreciation in excess of capital allowances | - |  | 6 |  |

| Adjustments to tax charge in respect of previous periods | (197 | ) | - |  |

| Non-trade loan relationship credits | - |  | (2 | ) |

| R&D claim deduction | - |  | (686 | ) |

| Difference due to change in tax rates | - |  | 170 |  |

| Research and Development Expenditure credit | (1,008 | ) | - |  |

| Research and Development Expenditure credit - Tax element | 252 |  | - |  |

| Total tax credit | (671 | ) | (547 | ) |

8. | 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.

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

9. | DIVIDENDS

| 2026 |  | 2025

£'000 | £'000 |

| Ordinary shares of 0.01 each

| Interim | 300 |  | 100 |  |

10. | TANGIBLE FIXED ASSETS

| Group

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£'000 | £'000 | £'000 | £'000 |

| COST

| At 1 April 2025 | 92 |  | 71 |  | 266 |  | 429 |  |

| Additions | 27 |  | 2 |  | 97 |  | 126 |  |

| At 31 March 2026 | 119 |  | 73 |  | 363 |  | 555 |  |

| DEPRECIATION

| At 1 April 2025 | 91 |  | 70 |  | 182 |  | 343 |  |

| Charge for year | 3 |  | 1 |  | 43 |  | 47 |  |

| At 31 March 2026 | 94 |  | 71 |  | 225 |  | 390 |  |

| NET BOOK VALUE

| At 31 March 2026 | 25 |  | 2 |  | 138 |  | 165 |  |

| At 31 March 2025 | 1 |  | 1 |  | 84 |  | 86 |  |

11. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£'000 |

| COST

| At 1 April 2025

| and 31 March 2026 | 2,550 |  |

| NET BOOK VALUE

| At 31 March 2026 | 2,550 |  |

| At 31 March 2025 | 2,550 |  |

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

11. | FIXED ASSET INVESTMENTS - continued

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

| Subsidiary

| NEXOR LTD

| Registered office: 8 The Triangle, Enterprise Way, Business Park, Nottingham, NG2 1AE

| Nature of business: IT & Software Services

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

12. | STOCKS

| Group |

2026 | 2025 |

£'000 | £'000 |

| Stocks | 27 |  | 27 |  |

| Work-in-progress | 305 |  | - |  |

332 |  | 27 |  |

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

| Group |

2026 | 2025 |

£'000 | £'000 |

| Trade debtors | 4,995 |  | 3,040 |  |

| Other debtors | 690 |  | 1,086 |  |

| Prepayments and accrued income | 334 |  | 325 |  |

6,019 |  | 4,451 |  |

14. | CURRENT ASSET INVESTMENTS

| Group |

2026 | 2025 |

£'000 | £'000 |

| Short term deposits | 500 |  | - |  |

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

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

| Group |  | Company |

2026 | 2025 | 2026 | 2025 |

£'000 | £'000 | £'000 | £'000 |

| Trade creditors | 876 |  | 919 |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | 1,784 |  | 1,484 |  |

| Social security and other taxes | 154 |  | 177 |  | - |  | - |  |

| VAT | 980 |  | 616 |  | - |  | - |  |

| Other creditors | 3 |  | - |  | - |  | - |  |

| Pension creditor | 69 |  | 64 |  | - |  | - |  |

| Accruals and deferred income | 4,608 |  | 2,026 |  | - |  | - |  |

6,690 |  | 3,802 |  | 1,784 |  | 1,484 |  |

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

| Group |

2026 | 2025 |

£'000 | £'000 |

| Accruals and deferred income | 1,191 |  | 374 |  |

|  | 2026 |  |  | 2025 |  |

|  | £'000 |  |  | £'000 |  |

| Creditors which fall due after five years are payable as follows: |  |

| Amounts due other than by instalments |  | 113 |  |  | - |  |

17. | PROVISIONS FOR LIABILITIES

| Group |

2026 | 2025 |

£'000 | £'000 |

| Deferred tax

| Accelerated capital allowances | 35 |  | - |  |

| Other timing differences | (16 | ) | - |  |

19 |  | - |  |

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

17. | PROVISIONS FOR LIABILITIES - continued

| Group

| Deferred |

| tax |

£'000 |

| Provided during year | 19 |  |

| Balance at 31 March 2026 | 19 |  |

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £'000 | £'000 |

| 100,000 | Ordinary | 0.01 | 1 |  | 1 |  |

19. | RESERVES

| Group

| Retained

| earnings

£'000 |

| At 1 April 2025 | 1,837 |  |

| Profit for the year | 1,794 |  |

| Dividends | (300 | ) |

| At 31 March 2026 | 3,331 |  |

| Company

| Retained

| earnings

£'000 |

| At 1 April 2025 | 1,065 |  |

| Profit for the year | - |

| Dividends | (300 | ) |

| At 31 March 2026 | 765 |  |

SENNICK HOLDINGS LIMITED (REGISTERED NUMBER: 08177686) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

20. | PENSION COMMITMENTS

| The group operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the group.

| Contributions payable in the year amounted to £796 (2025 - £759)

| At the balance sheet date there were outstanding contributions of £65 (2025 - £56).

21. | OTHER FINANCIAL COMMITMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

|  | 2026 |  | 2025 |  |

|  | £'000 |  | £'000 |  |

| Within one year |  | 75 |  | 17 |  |

| Between two and five years |  | 300 |  | - |  |

|  | 375 |  | 17 |  |

22. | RELATED PARTY DISCLOSURES

| During the year, a total of key management personnel compensation of £ 1,696 (2025 - £ 1,156 ) was paid.

23. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is S N Kingan.