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REGISTERED NUMBER: 09796905 (England and Wales)

| Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| H2 Radnor Limited |

| H2 Radnor Limited (Registered number: 09796905) |

Contents of the Financial Statements

for the year ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| H2 Radnor Limited |

Company Information

for the year ended 31 December 2025

| DIRECTORS: | J J D Cryer

| S H Greenwood

| T J A Huddart

| REGISTERED OFFICE: | 68 King William Street

| London

| EC4N 7HR

| REGISTERED NUMBER: | 09796905 (England and Wales)

| AUDITORS: | Anstey Bond LLP

| Statutory Auditors &

| Chartered Accountants

| 1-2 Charterhouse Mews

| London

| EC1M 6BB

| H2 Radnor Limited (Registered number: 09796905) |

Balance Sheet

31 December 2025

| 31.12.25 |  | 31.12.24

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 130,479 |  | 145,250 |  |

Tangible assets | 5 | 23,120 |  | 27,391 |  |

153,599 |  | 172,641 |  |

CURRENT ASSETS

Debtors | 6 | 446,892 |  | 411,718 |  |

Cash at bank | 538,972 |  | 570,866 |  |

985,864 |  | 982,584 |  |

CREDITORS

Amounts falling due within one year | 7 | (948,196 | ) | (659,073 | ) |

NET CURRENT ASSETS | 37,668 |  | 323,511 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 191,267 |  | 496,152 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (166,250 | ) | (5,834 | ) |

NET ASSETS | 25,017 |  | 490,318 |  |

CAPITAL AND RESERVES

Called up share capital | 107,321 |  | 107,321 |  |

Share premium | 129,248 |  | 129,248 |  |

Other reserves | (455,000 | ) | - |  |

Retained earnings | 243,448 |  | 253,749 |  |

SHAREHOLDERS' FUNDS | 25,017 |  | 490,318 |  |

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2026 and were signed on its behalf by:

J J D Cryer - Director

| H2 Radnor Limited (Registered number: 09796905) |

Notes to the Financial Statements

for the year ended 31 December 2025

1. | STATUTORY INFORMATION

| H2 Radnor Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The financial statements have been prepared in sterling, which is the functional currency of the company. Monetary amounts of these financial statements are rounded to the nearest £.

| Revenue recognition

| Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax and rebates or allowances. The company recognises revenue evenly over the period to which the services relate.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Patents and licences, including website costs, are being amortised evenly over their estimated useful life of ten years.

| Tangible assets

| Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

| Depreciation

| Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

| Asset class |  | Depreciation method and rate |  |

| Furniture, fittings and equipment |  | 33% Straight Line |  |

| Building works |  | 10% Straight Line |  |

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the 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.

| H2 Radnor Limited (Registered number: 09796905) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

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

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

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

| Foreign currencies

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

| Hire purchase and leasing commitments

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

| Pension costs and other post-retirement benefits

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

| Going concern

| The financial statements have been prepared on the going concern basis. The Directors have produced financial projections for the company for the next twelve months and beyond. These projections take into account a sufficient level of working capital in order for the Company to cover its cost base.

| H2 Radnor Limited (Registered number: 09796905) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Trade and other debtors

| Trade and other debtors are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method, less any impairment losses.

| Trade and other creditors

| Trade and other creditors payables are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method.

| Cash and cash equivalents

| Cash and cash equivalents are included in the balance sheet at cost. These balances are comprised of cash within bank, cash within hand and short term deposits with a maturity of three months or less.

| Share Capital

| Ordinary shares are classified as equity.

| Incremental costs directly attributable to the issue of new shares are recognised as a deduction from equity, net of any related tax effects.

| Where shares are issued at a premium, the excess of the proceeds over the nominal value is credited to the share premium account.

| Share Premium

| The share premium account represents the excess of consideration received over the nominal value of shares issued.

| The share premium account is not distributable except in accordance with the provisions of the Companies Act 2006. It may be applied for purposes permitted by law, including issuing fully paid bonus shares, writing off preliminary expenses, or providing for the premium payable on redemption of shares.

| Treasury Shares

| Where the company purchases its own equity shares to be held in treasury, the consideration paid, including directly attributable transaction costs, is recognised as a deduction from equity and presented as a separate reserve.

| No gain or loss is recognised in profit or loss on the purchase, sale, reissue or cancellation of treasury shares.

| Where treasury shares are subsequently sold or reissued, the consideration received is recognised in equity. Any difference between the carrying amount and the consideration received is recognised within retained earnings.

| Treasury shares are excluded from the calculation of earnings per share and do not carry voting rights or rights to dividends while held by the company.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 19 (2024 - 21 ) .

| H2 Radnor Limited (Registered number: 09796905) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 147,712 |  |

| AMORTISATION

| At 1 January 2025 | 2,462 |  |

| Charge for year | 14,771 |  |

| At 31 December 2025 | 17,233 |  |

| NET BOOK VALUE

| At 31 December 2025 | 130,479 |  |

| At 31 December 2024 | 145,250 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025 | 69,245 |  |

| Additions | 6,357 |  |

| At 31 December 2025 | 75,602 |  |

| DEPRECIATION

| At 1 January 2025 | 41,854 |  |

| Charge for year | 10,628 |  |

| At 31 December 2025 | 52,482 |  |

| NET BOOK VALUE

| At 31 December 2025 | 23,120 |  |

| At 31 December 2024 | 27,391 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 246,156 |  | 252,266 |  |

| Other debtors | 200,736 |  | 159,452 |  |

446,892 |  | 411,718 |  |

| H2 Radnor Limited (Registered number: 09796905) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans and overdrafts | 5,834 |  | 10,000 |  |

| Trade creditors | 68,869 |  | 80,781 |  |

| Taxation and social security | 364,451 |  | 272,578 |  |

| Other creditors | 509,042 |  | 295,714 |  |

948,196 |  | 659,073 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans | - |  | 5,834 |  |

| Other creditors | 166,250 |  | - |  |

166,250 |  | 5,834 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Michael Whyke FCA CF (Senior Statutory Auditor)

| for and on behalf of Anstey Bond LLP

10. | RELATED PARTY DISCLOSURES

| The company has entered into an agreement with H2Glenfern Limited, a company under the common directorship of Mr T Huddart. H2Glenfern Limited has invoiced for services amounting to £279,600 (2024 : £320,906) during the year and included within creditors as at the balance sheet date remains a balance outstanding amounting to £48,000 (2024 : £72,000).

11. | ULTIMATE CONTROLLING PARTY

| The Directors are of the opinion that the ultimate controlling party by virtue of their shareholding is Mr Joshua James Dexter Cryer.