REGISTERED NUMBER: 10059074 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

DSS GROUP LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditor

6

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

14

Consolidated Statement of Changes in Equity

15

Company Statement of Changes in Equity

16

Consolidated Cash Flow Statement

17

Notes to the Consolidated Cash Flow Statement

18

Notes to the Consolidated Financial Statements

20

DIRECTORS:

Mr R Wylie

Mr G Townsley

Mrs S L Townsley

SECRETARY:

Mr A R Wykes

REGISTERED OFFICE:

M&D House

Brooklands Road

Adwick Le Street

Doncaster

South Yorkshire

DN6 7BA

REGISTERED NUMBER:

10059074 (England and Wales)

SENIOR STATUTORY AUDITOR:

Robert Watson BA(Hons) FCA

AUDITOR:

Xeinadin Audit Limited

Level 5a, Maple House

149 Tottenham Court Road

London

W1T 7NF

The directors present their strategic report of the company and the group for the year ended 28 February 2026.

REVIEW OF BUSINESS ACTIVITIES AND KEY PERFORMANCE INDICATORS

Trading results have seen reduction in this year with turnover decreased by 21.70% compared to 2025 results.

However the gross profit has increased from 25.96% to 30.30% in this year. In common with many businesses, gross profit has been affected by the inflationary pressures on consumable materials in particular.

Establishment costs have been consistent to the last year and only decreased by 4% in the current year.

Administration expenses have increased by 16.30% this year.

Profit before tax decreased significantly by 63% in this year due to the above costs increase.

The group is regularly monitoring it's working capital to improve the results. The stock levels to be maintained at current levels to support working capital requirements without affecting working operations.

The group expect 2026 turnover to begin to increase towards the back of the summer in line with housing projects starting.

The market for construction is hoping for a recovery over the next 12-24 months and the group is aiming to see a return of both turnover and margins consistent with 2022-23.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors take a pragmatic view with respect to risk management. The company is well managed by its board of directors and a prudent approach is adopted in all financial aspects.

All company policies are subject to continual assessment and review in line with changing legislation and industry guidelines.

The directors remain mindful of cyclical trends and the overarching political backdrop of the construction industry. Inflationary pressures continue to be monitored and mitigated but nevertheless present ongoing risks and uncertainties across all market sectors including the construction industry.

As with all companies within the industry the company is subject to bad debt and financial risk. The company has improved its measures at the contract stage and has implemented stronger credit control procedures. The company also invests in capital expenditure strategically to avoid significant impact on cashflow.

The company is maintaining strong reserves to mitigate any risk of a downturn in productivity during the latter summer months and into winter due to increased interest rates and associated economic impact on housing market.

KEY PERFORMANCE INDICATORS

The company monitors its performance using a number of measures.

These include key performance indicators for gross profit margin, direct labour as a percentage of turnover and EBIT. KPI's are regularly monitored by the board.

*Gross Profit margins monitored / review monthly.

*Direct Labour as a percentage on Turnover maintained at 12%.

*Direct materials continue to be monitored as a % of turnover.

*Overheads are being targeted for areas of reduction through efficiency improvements in procedures. Such as all site operatives to be given a years PPE every August to help control PPE requirements. Rig service procedure to be aligned to manufacturer specifications to reduce the service costs of over servicing the machinery.

FUTURE

The market conditions present during the year have continued post year end. Such conditions include price increases for materials, procurement delays and staff absences all of which are being managed. Tender pricing models are being monitored and updated where necessary, within achievable tendering parameters, to minimise the effect on profits.

The company continues to perform well and is achieving its objectives which includes winning new tenders. In the mid to short term, business is expected to stay at a consistent level.

The board of directors continue to invest in long-term infrastructure to expand their diverse portfolio of piling equipment, with the intention to further drive cost efficiencies long-term.

The group has restructured the Midlands Office and reduced the Commercial Team with a view to bringing in a new Commercial Manager into the Head Office.

Target margins to remain unchanged with no inflationary impacts expected. No major changes are expecting in the admin costs.

ON BEHALF OF THE BOARD:

Mr R Wylie - Director

18 August 2026

The directors present their report with the financial statements of the company and the group for the year ended 28 February 2026.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of specialist foundation and piling services.

DIVIDENDS

The total distribution of dividends for the year ended 28 February 2026 will be £1,041,750 (2025: £1,029,000).

DIRECTORS

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

Mr R Wylie

Mr G Townsley

Mrs S L Townsley

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 auditor is 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 auditor is aware of that information.

AUDITOR

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

ON BEHALF OF THE BOARD:

Mr R Wylie - Director

18 August 2026

Opinion

We have audited the financial statements of DSS Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 28 February 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 28 February 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 Auditor 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 Auditor 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 four, 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 Auditor 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:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We design audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to the Companies Act 2006. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

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. The 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 Auditor.

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 Auditor 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.

Robert Watson BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

Level 5a, Maple House

149 Tottenham Court Road

London

W1T 7NF

18 August 2026

TURNOVER

4

18,617,290

23,775,855

Cost of sales

13,351,341

17,603,537

GROSS PROFIT

5,265,949

6,172,318

Administrative expenses

4,518,054

4,327,812

747,895

1,844,506

Other operating income

8,564

5,992

OPERATING PROFIT

6

756,459

1,850,498

Interest receivable and similar income

36,563

33,507

793,022

1,884,005

Interest payable and similar expenses

8

33,594

42,221

PROFIT BEFORE TAXATION

759,428

1,841,784

Tax on profit

9

271,785

521,685

PROFIT FOR THE FINANCIAL YEAR

487,643

1,320,099

Profit attributable to:

Owners of the parent

412,807

1,295,808

Non-controlling interests

74,836

24,291

487,643

1,320,099

PROFIT FOR THE YEAR

487,643

1,320,099

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

487,643

1,320,099

Total comprehensive income attributable to:

Owners of the parent

412,807

1,295,808

Non-controlling interests

74,836

24,291

487,643

1,320,099

FIXED ASSETS

Intangible assets

12

-

401,640

Tangible assets

13

2,576,212

2,383,405

Investments

14

-

-

2,576,212

2,785,045

CURRENT ASSETS

Stocks

15

116,643

96,913

Debtors

16

5,765,736

4,788,550

Cash at bank

909,430

1,502,350

6,791,809

6,387,813

CREDITORS

Amounts falling due within one year

17

4,289,865

3,702,250

NET CURRENT ASSETS

2,501,944

2,685,563

TOTAL ASSETS LESS CURRENT LIABILITIES

5,078,156

5,470,608

CREDITORS

Amounts falling due after more than one year

18

(288,696

)

(117,442

)

PROVISIONS FOR LIABILITIES

22

(452,626

)

(392,625

)

NET ASSETS

4,336,834

4,960,541

CAPITAL AND RESERVES

Called up share capital

23

1,500

1,500

Share premium

24

1,891,669

1,891,669

Other reserves

24

8,800

8,800

Retained earnings

24

2,435,154

3,064,097

SHAREHOLDERS' FUNDS

4,337,123

4,966,066

NON-CONTROLLING INTERESTS

(289

)

(5,525

)

TOTAL EQUITY

4,336,834

4,960,541

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

Mr R Wylie - Director

Mrs S L Townsley - Director

Mr G Townsley - Director

FIXED ASSETS

Intangible assets

12

-

-

Tangible assets

13

-

-

Investments

14

8,633,672

8,633,672

8,633,672

8,633,672

CURRENT ASSETS

Debtors

16

1,170

1,170

CREDITORS

Amounts falling due within one year

17

6,738,706

6,737,102

NET CURRENT LIABILITIES

(6,737,536

)

(6,735,932

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,896,136

1,897,740

CAPITAL AND RESERVES

Called up share capital

23

1,500

1,500

Share premium

24

1,891,669

1,891,669

Retained earnings

24

2,967

4,571

SHAREHOLDERS' FUNDS

1,896,136

1,897,740

Company's profit for the financial year

1,040,146

1,027,220

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

Mr R Wylie - Director

Mrs S L Townsley - Director

Mr G Townsley - Director

Called up

share

Retained

Share

capital

earnings

premium

£

£

£

Balance at 1 March 2024

1,500

2,797,289

1,891,669

Changes in equity

Dividends

-

(1,029,000

)

-

Total comprehensive income

-

1,295,808

-

Balance at 28 February 2025

1,500

3,064,097

1,891,669

Changes in equity

Dividends

-

(1,041,750

)

-

Total comprehensive income

-

412,807

-

Balance at 28 February 2026

1,500

2,435,154

1,891,669

Other

Non-controlling

Total

reserves

Total

interests

equity

£

£

£

£

Balance at 1 March 2024

8,800

4,699,258

(4,816

)

4,694,442

Changes in equity

Dividends

-

(1,029,000

)

(25,000

)

(1,054,000

)

Total comprehensive income

-

1,295,808

24,291

1,320,099

Balance at 28 February 2025

8,800

4,966,066

(5,525

)

4,960,541

Changes in equity

Dividends

-

(1,041,750

)

(69,600

)

(1,111,350

)

Total comprehensive income

-

412,807

74,836

487,643

Balance at 28 February 2026

8,800

4,337,123

(289

)

4,336,834

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 March 2024

1,500

6,351

1,891,669

1,899,520

Changes in equity

Dividends

-

(1,029,000

)

-

(1,029,000

)

Total comprehensive income

-

1,027,220

-

1,027,220

Balance at 28 February 2025

1,500

4,571

1,891,669

1,897,740

Changes in equity

Dividends

-

(1,041,750

)

-

(1,041,750

)

Total comprehensive income

-

1,040,146

-

1,040,146

Balance at 28 February 2026

1,500

2,967

1,891,669

1,896,136

Cash flows from operating activities

Cash generated from operations

1

1,067,548

2,263,291

Interest paid

(97

)

-

Interest element of hire purchase payments paid

(33,497

)

(42,221

)

Tax paid

(680,530

)

(337,375

)

Net cash from operating activities

353,424

1,883,695

Cash flows from investing activities

Purchase of tangible fixed assets

(794,638

)

(70,016

)

Sale of tangible fixed assets

168,001

128,854

Interest received

36,563

33,507

Net cash from investing activities

(590,074

)

92,345

Cash flows from financing activities

Capital repayments in year

151,732

(547,699

)

Net amounts introduced by directors

589,703

519,002

Amount withdrawn by directors

(557,501

)

(576,418

)

Equity dividends paid

(1,041,750

)

(1,029,000

)

Net cash from financing activities

(857,816

)

(1,634,115

)

(Decrease)/increase in cash and cash equivalents

(1,094,466

)

341,925

Cash and cash equivalents at beginning of year

2

1,502,350

1,160,425

Cash and cash equivalents at end of year

2

407,884

1,502,350

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

28.2.26

28.2.25

£

£

Profit before taxation

759,428

1,841,784

Depreciation charges

884,781

876,209

Profit on disposal of fixed assets

(49,286

)

(52,791

)

Finance costs

33,594

42,221

Finance income

(36,563

)

(33,507

)

1,591,954

2,673,916

(Increase)/decrease in stocks

(19,730

)

38,788

Increase in trade and other debtors

(837,753

)

(1,065,636

)

Increase in trade and other creditors

333,077

616,223

Cash generated from operations

1,067,548

2,263,291

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 28 February 2026

28.2.26

1.3.25

£

£

Cash and cash equivalents

909,430

1,502,350

Bank overdrafts

(501,546

)

-

407,884

1,502,350

Year ended 28 February 2025

28.2.25

1.3.24

£

£

Cash and cash equivalents

1,502,350

1,160,425

3.	ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.3.25

Cash flow

At 28.2.26

£

£

£

Net cash

Cash at bank

1,502,350

(592,920

)

909,430

Bank overdrafts

-

(501,546

)

(501,546

)

1,502,350

(1,094,466

)

407,884

Debt

Finance leases

(432,639

)

(151,732

)

(584,371

)

(432,639

)

(151,732

)

(584,371

)

Total

1,069,711

(1,246,198

)

(176,487

)