The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial period ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

Tio Limited is a private company limited by shares and incorporated in Scotland. The registered office is 13 Greshop Road, Greshop Industrial Estate, Forres, Scotland, IV36 2GU.

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £'000.

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

The current reporting period covers from 28 December 2024 to 31 December 2025. The comparative period was 52 weeks ended 27 December 2024. The company previously reported on the basis of 52 week periods to align with the wider group of which it is no longer a member. Going forward, the company will be reporting to 31 December each year.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

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 statement of financial position 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, 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 liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, 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.

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

The directors did not receive any remuneration during the period (2024 - £nil).

Amounts owed by group undertakings are unsecured, interest free, have no fixed date for repayment and are repayable on demand.

The ordinary shares have ordinary voting, dividend and rights to distribution on winding up. They are not redeemable.

The preference shares rank pari passu with regard to entitlement to dividends except that the directors may at any time resolve to declare a dividend and amount of dividend on one or more classes of share.

On 18 July 2025 the company passed a special resolution to reduce the share capital of the company from £100,000 to £1 by cancelling and extinguishing 50,000 preference shares of £1 each and 49,999 ordinary shares of £1 each in the company. The amount by which the share capital was reduced was credited to a reserve.

The immediate parent company is Russell Burgess Limited and the ultimate parent company is Russell Burgess Holdings Limited.

No consolidated accounts are prepared.