The directors present the strategic report for the year ended 31 December 2025.

The results for the company over the 12-​month period are behind directors’ expectations. The main reason is due to a few known and isolated loss-​making projects. Because of the negative impact of these projects, the year was closed with a £0.1m loss. Further known losses have been accrued for legacy loss-making projects within the 2025 financial statements. There was a further capital injection of £4.0m from the holding company during the year based past year’s losses.

The overall company result due to special effects will still be negatively impacted in 2025. However, following the successful completion of restructuring efforts the company is focusing its business on mechanical suppression projects that complement their sister companies’ strong verticals such as Custodial and Rail. Together with a focus on mechanical suppression service, maintenance and small works this will move the business away from its recent dependency on large-​scale sprinkler projects and therefore support the business going forward in 2026 and beyond. Where larger projects are considered, these will be subject to a structured risk management analysis and approval process.

The company has invested heavily in industry competence training and in experienced personnel, coupled with an organisational restructure utilising a centralised model to support the business in the groups ‘integrator’ approach to both existing and prospective customers.

Whilst the company is semi-reliant on the ongoing future build rate of new construction projects, it serves a large portfolio of existing clients who need to have their equipment maintained and renewed from time to time to comply with their statutory obligations.

Out of the nature of the business Protec faces certain business risks and uncertainties due to the market conditions:

• Risk of a downturn in the market (based on economic, geopolitical issues): The strategy of providing a market-wide presence in projects and market-leading customer service at competitive prices is to be continued to retain existing customers. In addition, the company will seek to increase its market share in its chosen geographic markets through increased business development activities. Disciplined cost management will ensure that margins are protected as far as possible.

• Risk of a shortage of skilled labour in a competitive environment: Protec prides itself on its positive and family-orientated culture and the development opportunities it creates for its employees. In the coming year, further measures will be taken to strengthen the company's position as an employer of choice for employees in the industry. Being part of the Bosch Group also offers associates global development opportunities and transfers between different parts of the Group.

• Risk of substantial input price increases or shortages of materials: The company maintains very good relationships with its supplier base, particularly with its main suppliers. This includes regular discussions to identify potential price increases, material shortages/issues and support with remedial strategies. Being part of the Bosch Group also offers advantages in this regard by being able to pool requirements within the Group and utilise the Group's global supply chain.

Furthermore, the wider Protec group has an excellent financial base and operates wholly without the requirement of support from outside sources and has more than adequate finance to ensure that its plans and targets are delivered.

Bosch’s Building Technologies division has undergone a strategic realignment, sharpening its focus on its integrator business, with an emphasis on solutions and services spanning Life Safety, Security, Energy Efficiency, Building Automation and the wider digitalisation of these sectors. As part of this transition, Bosch Building Technologies has completed the divestment of its Security product business, retaining only the Fire Alarm product portfolio within the German Fire BT and Protec Fire Detection. This reflects the critical role that fire detection and alarm systems play as a foundational component across integrated building system solutions.

While these changes have had minimal direct impact on Protec’s day-to-day operations, the realignment has created enhanced opportunities for collaboration. In particular, it has driven greater synergies across export activities, financial and technical processes, and joint marketing initiatives.

The UK’s construction industry's growth in 2025 was characterized by overall growth, the Mechanical Suppression market continues to grow in line or above the wider construction industry rate driven by specific sectors such as data centres which have high business continuity risk and therefore an increased focus on fire suppression.

Procurement is closely monitored to ensure the best possible prices remain available to the company, and necessary steps taken to mitigate supply chain shortages and price increases. Sales prices are adjusted to market levels where unavoidable. Contracts were honoured until expiration, and this had an impact on margins during the period under review.

The company’s key financial indicators during the year were as follows:

                      12 months 2025 12 months 2024

Turnover                        £22.1m         £18.7m

Gross profit                     £1.0m         -£1.9m     

Gross profit %                     4.67%         -10.06%

Sales & General Expenses                 £2.5m         £4.0m

EBIT                  -£1.6m         -£5.9m

Amounts recoverable on long term contracts         £7.3m         £5.8m

Net assets                 £0.3m         -£3.5m

The directors monitor several key performance indicators including revenue, margins and amounts recoverable on long-term contracts. Further injection of equity of £4.0m (£3.0m in 2024) was done by the holding company in 2025.

Turnover – revenues were £22.1m in the 12-​month period. This was an increase of 18% compared to previous 12-​month period of £18.7m.

Furthermore, the company continues to win long-term contracts, and the directors are confident of growth also in 2026.

Gross profit and margins decreased mainly out of a few known and isolated loss-​making projects. Restructuring efforts have been taken and price increases are to be passed on to the market.

Although inflation is impacting many areas of the business, operating costs are tightly controlled, inventories are monitored, and the recoverability of long-​term contracts remain under constant review.

Future outlook

The focus of company has continued to move forward in its journey towards an operative profit approach which has led to implementation of intensive control on the project margins, forecasting and controls and better diversification across Projects, Service and small works mix. Additionally, a continuation of performance measures to improve efficiencies. The directors are confident that the entity will bounce from setbacks faced in 2024 & 2025 and achieve sustained growth in future.

On behalf of the board

The directors present their annual report and financial statements for the year ended 31 December 2025.

The company’s principal activities include the research, design, installation and maintenance of fire sprinklers and fire extinguishing systems. The company serves a broad range of clients from commerce, industry, local and national Government mainly in the UK.

The results for the year are set out on page 9.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

The auditor, MHA, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of principle risks and uncertainties.

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with 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 of the profit or loss of the company for that period.

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

• select suitable accounting policies and then apply them consistently;

• make judgements and accounting estimates that are reasonable and prudent; and

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

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

We have audited the financial statements of Protec Camerfield Limited (the 'company') for the year ended 31 December 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including material accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its 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 Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our ethical responsibilities in accordance with those requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

• the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

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

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

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

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

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

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

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

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

• Enquiry of management and those charged with governance around actual and potential litigation and claims;

• Enquiry of entity staff to identify any instances of non-compliance with laws and regulations;

• Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;

• Reviewing minutes of meetings of those charged with governance;

• Auditing the risk of fraud in revenue by performing testing on a sample of revenue transactions and testing the cut off of revenue at the year end; and

• Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

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 is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

The profit and loss account has been prepared on the basis that all operations are continuing operations.

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

Protec Camerfield Limited is a private company limited by shares incorporated in England and Wales. The registered office is Protec House, Churchill Way, Nelson, BB9 6RT.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

• Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

• Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Robert Bosch GmbH. These consolidated financial statements are available from its registered office, Robert Bosch Platz 1, Gerlingen-Schillerhohe, D-70049 Stuttgart, Germany.

The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons.true

The principal activities of the Company include the research, design, installation and maintenance of fire sprinklers and fire extinguishing systems.

The Company meets its day to day working capital requirements from bank balances, together with operational cash flows, intercompany trading balances with the sub-group headed by Protec Fire Detection Plc (its immediate parent company) and, as required, capital contributions from Protec Fire Detection plc.

The directors have prepared cash flow forecasts and performed a going concern assessment which indicates that, with cash and working capital balances of £6.4m and £1.7m respectively at 20 July 2026, the company will be able to meet its liabilities as they fall due during the 12-month period ending 31 August 2027, the going concern assessment period. Underlying this assessment is the assumption that legacy loss-making projects driving losses for 2025 will be completed during 2026. Management had identified that these losses are as a result of difficulties in forecasting costs on multi-year contracts and had therefore made a strategic decision to avoid entering into such contracts at the beginning of 2026. In addition, the significant losses incurred have been as a result of a limited number of contracts on which specific one off issues have arisen which are not expected to be repeated. Therefore, these losses are not expected to continue.

Notwithstanding the assessment above, Protec Fire Detection Plc has indicated its intention to continue to make available such funds as are needed by the company, and that it does not intend to seek repayment of the amounts currently due to the group, which at the balance sheet date amounted to £6.8m, and any amounts subsequently made available, during the going concern assessment period. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so, especially considering that cash of £3m and £4m were advanced by Protec Fire Detection Plc as capital contribution to the Company in the years ended 31 December 2024 and 2025 respectively.

Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The nature and timing of satisfaction of performance obligations of the company's major sources of revenue are as follows:

Rendering of services

Turnover 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 and the amount of turnover can be measured accurately.

Income in respect of maintenance contracts is deferred in proportion to the number of outstanding maintenance visits at the year end.

Long term contracts

Revenue from contracts is recognised in the profit and loss account in proportion to the stage of completion of the transaction at the balance sheet date. The stage of completion is assessed by reference to the costs incurred to date as a proportion of total expected costs for that contract. No revenue is recognised if there are significant uncertainties regarding the recovery of the consideration due, associated costs or the possible return of goods.

Profit on long term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. Provision is made for any losses as soon as they are foreseen. These amounts are included within provisions for liabilities.

Contract work in progress is stated at costs incurred, less those transferred to the profit and loss account, after deducting foreseeable losses and payments on account not matched with turnover. Amounts recoverable on contracts are included in debtors and represent turnover recognised in excess of payments on account.

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives, using the straight-line method:

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

Profits and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

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 provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when 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 settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

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.

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 risks 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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 at transaction price and subsequently measured at amortised cost using the effective interest method.

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

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

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.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Revenue is recognised on long term contracts where the outcome of the contract can be reliably estimated. Revenue and costs are recognised based on the work performed at the balance sheet date. This is measured by looking at the actual costs incurred to date as a percentage of the total estimated costs of the project. The estimated costs are based on expected costs as the project progresses. Adjustments to expected costs are updated as required. Management assess the possibility of future losses being made on contracts and make a provision for these estimated losses as soon as they are foreseen.

An analysis of the company's turnover is as follows:

All turnover arose within the United Kingdom.

The average monthly number of persons (including directors) employed by the company during the year was:

Their aggregate remuneration comprised:

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 0 (2024 - 1).

Remaining directors' are remunerated by Protec Fire Detection PLC therefore, as total directors' remuneration was less than £200,000 in the current year, no disclosure is provided for that year.

The actual credit for the year can be reconciled to the expected credit for the year based on the profit or loss and the standard rate of tax as follows:

OECD Pillar Two Model

The Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) addresses the tax challenges arising from the digitalisation of the global economy. The Global Anti-Base Erosion Model Rules (Pillar Two model rules) apply to multinational enterprises (MNEs) with annual revenue in excess of EUR 750 million per their consolidated financial statements. The Pillar Two model rules introduce four new taxing mechanisms under which MNEs would pay a minimum level of tax (the Minimum Tax):

• The Qualified Domestic Minimum Top-up Tax (QDMTT);

• The Income Inclusion Rule (IIR);

• The Under Taxed Payments/Profits Rule (UTPR).

The Subject to Tax Rule is a tax treaty-based rule that generally proposes a Minimum Tax on certain cross-border intercompany transactions that otherwise are not subject to a minimum level of tax. The new taxing mechanisms can impose a minimum tax on the income arising in each jurisdiction in which an MNE operates. The IIR, UTPR and QDMTT do so by imposing a top-up tax in a jurisdiction whenever the effective tax rate (ETR), determined on a jurisdictional basis under the Pillar Two rules, is below a 15% minimum rate.

The Company is within the scope of the OECD Pillar Two model rules. Pillar Two legislation was enacted in the UK, the jurisdiction in which Protec Camerfield Limited is incorporated and came into effect from 1 January 2024. According to these rules, the company is considered a part of a multinational enterprise to which the Pillar Two rules shall be applied.

The company has performed an assessment of its potential exposure to Pillar Two income taxes based on the 2024 and 2025 financial information. The company has no related current tax exposure.

The company continues to follow Pillar Two legislative developments, to evaluate the potential future impact on its results of operations, financial position.

The Company adopted the exemption under FRS 102 in relation to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes.

An onerous contract provision has been recognised in respect of contracts where forecasted costs are expected to exceed forecasted revenues. The provision reflects the estimated losses expected to arise on completion of these contacts based on conditions that were present at the reporting date.

The following are the major deferred tax liabilities and assets recognised by the company:

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

The holders of the ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the company.

The capital contribution reserve represents cumulative capital received by shareholders and group entities without issuing new shares in return.

The profit and loss account represents cumulative profits or losses net of Ordinary dividends declared and other adjustments.

Protec Camerfield Limited is a subsidiary company of Protec Fire Detection Public Limited Company which is the parent company incorporated in England and Wales.

The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is Robert Bosch GmbH, a company incorporated in Germany. Copies of Robert Bosch GmbH consolidated financial statements can be obtained from Robert Bosch Platz 1, Gerlingen-Schillerhohe, D-70049 Stuttgart, Germany.

The ultimate controlling party is Robert Bosch GmbH.

As the company is a wholly owned subsidiary of Protec Fire and Security Group, the company has taken the advantage of the exemption contained in FRS 102 and has therefore not disclosed transactions or balances with other wholly-owned entities which form part of the group.