REGISTERED NUMBER: 08444296 (England and Wales)

Sweeptech Environmental Services Limited

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 March 2026

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

14

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Cash Flow Statement

18

Notes to the Consolidated Cash Flow Statement

19

Notes to the Consolidated Financial Statements

21

DIRECTORS:

Mr S D Carter

Mrs S Gilbert

Mr M A Smith

REGISTERED OFFICE:

Sweeptech House

London Road

Hickstead

Haywards Heath

West Sussex

RH17 5LZ

REGISTERED NUMBER:

08444296 (England and Wales)

AUDITORS:

Swindells LLP

Chartered Accountants

and Statutory Auditor

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

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

REVIEW OF BUSINESS

Following the successful acquisition and integration of Go Plant in FY25, FY26 was a year of business development and organic growth. This has further solidified our position as the United Kingdom's largest dedicated road sweeping company, with additional steps also taken as part of our wider strategy to grow our tanker and waste management services nationwide.

Turnover increased by 21% to £39.9 million, benefiting from a number of new customer wins and growth with existing customers. We also continued to strengthen our contract portfolio with several multi-year agreements being secured or extended with Infrastructure, Airport and Authority customers, providing improved workload visibility and greater certainty over future activity.

Gross margin improved despite ongoing macro-economic pressures. The business remains resilient and continued to support reinvestment in fleet renewal, enhanced systems and operational improvements. These actions strengthened our capability and supported consistent service delivery across the group.

We continued to reinvest in ESG-driven improved practices, enhanced health and safety standards and compliance-led systems that increase operational efficiency and strengthen the value we deliver to customers, including improving their own reporting capability.

PRINCIPAL RISKS AND UNCERTAINTIES

Financial risk management

The group uses various financial instruments to manage the financial risk in the group. These include loans, cash, trade debtors and trade creditors that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the group's operations.

Interest rate risk

The group finances its operations through a mixture of retained profits, hire purchase and finance lease agreements and bank borrowings. The group's exposure to interest rate fluctuations on its borrowings is managed by the use of both fixed and floating facilities.

Liquidity risk

The group seeks to manage liquidity risk by ensuring sufficient liquidity is available to meet its foreseeable needs and to invest cash assets safely and profitably. The directors review the group's cash projections on a regular basis to ensure the business has adequate liquidity and working capital.

Credit risk

In order to manage credit risk, the operational management team set limits for customers based on a combination of payment history and third-party credit references. Credit limits are reviewed on a regular basis in conjunction with debt ageing and collection history.

DEVELOPMENT AND PERFORMANCE

The group delivered a year of strong operational and commercial progress, successfully integrating and optimising the enlarged business following the Go Plant acquisition.

A key focus throughout the year was the consolidation of people, assets, systems and operating processes across the group. This resulted in improved fleet utilisation, enhanced operational resilience and greater consistency of service delivery across the national depot network.

The group continued its policy of substantial reinvestment, maintaining investment in fleet renewal, technology and organisational capability to support operational efficiency, customer service and long-term growth.

Further investment was also made in the group's leadership structure as part of its planned growth strategy, ensuring the business has the operational and commercial capability required to support its increasing scale and complexity.

The directors believe the successful integration of the Go Plant acquisition has established Sweeptech as a genuinely national business and positioned the group strongly for future growth.

Subsequent to the year end, the group acquired the business and trading assets of Brooking Hire Limited and Munihire Operated Limited. These acquisitions further strengthen the group's specialist capabilities within the infrastructure and airport sectors and support the next phase of the group's growth strategy.

KEY PERFORMANCE INDICATORS

In the year to 31 March 2026 the group achieved a turnover of £39,944,521 (2025 - £33,127,031) and an operating profit of £266,433 (2025 - operating loss of £167,477). Net assets were £1,276,948 (2025 - £1,253,224).

2026

2025

2024

£

£

£

Turnover

39,944,521

33,127,031

12,132,058

Turnover growth

20.6%

173.0%

8.5%

Gross margin

18.38%

16.28%

22.40%

ON BEHALF OF THE BOARD:

Mr S D Carter - Director

31 July 2026

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

PRINCIPAL ACTIVITY

The company operates within three main activities:

-

Specialist waste management, covering: landfill site services, glycol recovery, onsite liquid waste solutions, waste haulage, waste consultancy and materials recycling.

-

A leading provider of road sweeping and gully waste recycling into local authority, commercial and domestic customers.

-

The provision of tanker and CCTV services covering: silt and sludge removal, desilting ponds, lakes and watercourses, interceptor cleaning, gully cleaning, emergency flood support, grease trap installation and cleaning, confined space working, blocked drain cleaning, foul waste management, CCTV drainage and asset surveying.

DIVIDENDS

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

RESEARCH AND DEVELOPMENT

The group has developed a patented wet waste receptor which is now in use across the group and with customers. The group continually looks at new technologies and processes to improve compliance, performance, etc.

FUTURE DEVELOPMENTS

There are no future developments to note.

DIRECTORS

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

Mr S D Carter

Mrs S Gilbert

Mr M A Smith

DISCLOSURE IN THE STRATEGIC REPORT

In accordance with s.414C(11) of the Companies Act 2006, information on financial and other risks required by Schedule 7 to be contained in the Directors'' Report, are set out in the Strategic Report.

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr S D Carter - Director

31 July 2026

Opinion

We have audited the financial statements of Sweeptech Environmental Services 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 loss 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.

Opinions on other matters prescribed by the Companies Act 2006

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

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

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

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

-

the group's internal controls have been discussed with management and understood prior to our audit testing. Internal controls have been tested through walkthrough testing, to assess whether controls are adequate, whether they are being followed, and whether irregularities and fraud are prevented.

-

deficiencies in internal controls have been highlighted and explained to management, along with recommendations as to how deficiencies can be improved and the risk of irregularity and fraud occurrence minimised.

-

representations have been provided by management that there were no identified cases of fraud or instances of non-compliance during or since the accounting period.

-

substantive testing has been carried out to test the validity of transactions, with entries in the accounting system vouched to corresponding third party documentation and evidence of appropriate authorisation.

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 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.

Melanie Richardson (BA Hons) FCA (Senior Statutory Auditor)

for and on behalf of Swindells LLP

Chartered Accountants

and Statutory Auditor

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

26 August 2026

TURNOVER

39,944,521

33,127,031

Cost of sales

32,601,959

27,735,093

GROSS PROFIT

7,342,562

5,391,938

Administrative expenses

7,241,904

5,615,678

100,658

(223,740

)

Other operating income

165,775

56,263

OPERATING PROFIT/(LOSS)

4

266,433

(167,477

)

Interest receivable and similar income

5,179

-

271,612

(167,477

)

Interest payable and similar expenses

5

1,292,062

1,219,117

LOSS BEFORE TAXATION

(1,020,450

)

(1,386,594

)

Tax on loss

6

(62,049

)

(242,869

)

LOSS FOR THE FINANCIAL YEAR

(958,401

)

(1,143,725

)

Loss attributable to:

Owners of the parent

(958,401

)

(1,143,725

)

LOSS FOR THE YEAR

(958,401

)

(1,143,725

)

OTHER COMPREHENSIVE INCOME

Derivative instrument recognition

982,125

-

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

982,125

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

23,724

(1,143,725

)

Note

Prior year adjustment

9

568,943

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT

592,667

Total comprehensive income attributable to:

Owners of the parent

592,667

(1,143,725

)

FIXED ASSETS

Intangible assets

10

1,800,759

1,889,615

Tangible assets

11

11,352,088

11,561,091

Investments

12

-

-

13,152,847

13,450,706

CURRENT ASSETS

Stocks

13

146,971

170,652

Debtors

14

10,156,792

9,512,736

Cash at bank

133,162

155

10,436,925

9,683,543

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

15

15,370,598

14,945,527

NET CURRENT LIABILITIES

(4,933,673

)

(5,261,984

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,219,174

8,188,722

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

16

(6,098,355

)

(6,029,578

)

PROVISIONS FOR LIABILITIES

21

(843,871

)

(905,920

)

NET ASSETS

1,276,948

1,253,224

CAPITAL AND RESERVES

Called up share capital

22

10,000

10,000

Revaluation reserve

23

1,627,432

1,627,432

Cash flow hedge reserve

23

982,125

-

Retained earnings

23

(1,342,609

)

(384,208

)

SHAREHOLDERS' FUNDS

1,276,948

1,253,224

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr S D Carter - Director

FIXED ASSETS

Intangible assets

10

177,049

65,036

Tangible assets

11

11,227,548

11,387,186

Investments

12

2,219,129

2,219,129

13,623,726

13,671,351

CURRENT ASSETS

Stocks

13

120,877

144,558

Debtors

14

11,116,052

9,868,812

Cash at bank

133,007

-

11,369,936

10,013,370

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

15

14,691,287

14,663,105

NET CURRENT LIABILITIES

(3,321,351

)

(4,649,735

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,302,375

9,021,616

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

16

(6,098,355

)

(6,029,578

)

PROVISIONS FOR LIABILITIES

21

(1,272,327

)

(1,079,432

)

NET ASSETS

2,931,693

1,912,606

CAPITAL AND RESERVES

Called up share capital

22

10,000

10,000

Revaluation reserve

23

1,627,432

1,627,432

Cash flow hedge reserve

23

982,125

-

Retained earnings

23

312,136

275,174

SHAREHOLDERS' FUNDS

2,931,693

1,912,606

Company's profit/(loss) for the financial year

36,962

(484,343

)

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr S D Carter - Director

Called up

Cash flow

share

Retained

Revaluation

hedge

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1 April 2024

10,000

1,239,517

1,627,432

-

2,876,949

Changes in equity

Dividends

-

(480,000

)

-

-

(480,000

)

Total comprehensive income

-

(1,712,668

)

-

-

(1,712,668

)

Balance at 31 March 2025

10,000

(953,151

)

1,627,432

-

684,281

Prior year adjustment

-

568,943

-

-

568,943

As restated

10,000

(384,208

)

1,627,432

-

1,253,224

Changes in equity

Total comprehensive income

-

(958,401

)

-

982,125

23,724

Balance at 31 March 2026

10,000

(1,342,609

)

1,627,432

982,125

1,276,948

Called up

Cash flow

share

Retained

Revaluation

hedge

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1 April 2024

10,000

1,239,517

1,627,432

-

2,876,949

Changes in equity

Dividends

-

(480,000

)

-

-

(480,000

)

Total comprehensive income

-

(1,053,286

)

-

-

(1,053,286

)

Balance at 31 March 2025

10,000

(293,769

)

1,627,432

-

1,343,663

Prior year adjustment

-

568,943

-

-

568,943

As restated

10,000

275,174

1,627,432

-

1,912,606

Changes in equity

Total comprehensive income

-

36,962

-

982,125

1,019,087

Balance at 31 March 2026

10,000

312,136

1,627,432

982,125

2,931,693

Cash flows from operating activities

Cash generated from operations

1

2,984,142

2,459,453

Interest paid

(952,289

)

(932,574

)

Interest element of hire purchase payments paid

(339,773

)

(286,543

)

Tax paid

-

43,005

Net cash from operating activities

1,692,080

1,283,341

Cash flows from investing activities

Purchase of intangible fixed assets

(121,507

)

(2,079,746

)

Purchase of tangible fixed assets

(109,414

)

(542,757

)

Sale of tangible fixed assets

18,000

-

Interest received

5,179

-

Net cash from investing activities

(207,742

)

(2,622,503

)

Cash flows from financing activities

New loans in year

-

1,750,000

Loan repayments in year

(492,796

)

(856,210

)

Hire purchase refinancing

526,737

768,299

Hire purchase repayments in year

(884,357

)

(730,813

)

Equity dividends paid

-

(480,000

)

Net cash from financing activities

(850,416

)

451,276

Increase/(decrease) in cash and cash equivalents

633,922

(887,886

)

Cash and cash equivalents at beginning of year

2

(500,760

)

387,126

Cash and cash equivalents at end of year

2

133,162

(500,760

)