REGISTERED NUMBER: 09288660 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 28 February 2026

for

Pentagon Sport (Cheshire) Ltd

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Consolidated Profit and Loss Account

9

Consolidated Other Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

12

Consolidated Statement of Changes in Equity

13

Company Statement of Changes in Equity

14

Consolidated Cash Flow Statement

15

Notes to the Consolidated Cash Flow Statement

16

Notes to the Consolidated Financial Statements

17

DIRECTORS:

Mr M R Bischof

Mr A P Snell

SECRETARIES:

Mrs K Snell

Mrs S J Bischof

REGISTERED OFFICE:

Unit 1 Aston Way

Middlewich

Cheshire

CW10 0HS

REGISTERED NUMBER:

09288660 (England and Wales)

AUDITORS:

Thompson Wright (Audit) Limited

Chartered Accountants

and Statutory Auditors

Ebenezer House

Ryecroft

Newcastle under Lyme

Staffordshire

ST5 2BE

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

REVIEW OF BUSINESS

The Pentagon Sport (Cheshire) Limited group have been committed to improving the structure and integrity of the business to create a stable foundation for us to grow. We have been concentrating on our people and investing into; new talent, training and management. We have created opportunities for senior managers to undertake both in house and external training courses to improve their key skills and drive the business forward.

The Pentagon Sport (Cheshire) Limited group continuously invests in its structure, manufacturing and integrity of the business to support the organic growth of the company.

This investment has contributed to turnover increasing to £18.8 million, with gross profit rising to £8.3 million (44%), compared with turnover of £15.1million and gross profit of £6.2 million (41%) in the previous year.

Pentagon prides itself on its investment into people, investing into new talent, developing and supporting current employees through training and management. We look to improve the skills of the workforce, offering internal and external training in their specific areas to support & drive the business forward.

We are looking to continue our growth into FY27 with an expected turnover of £23m. We have invested in our sales and delivery team to expand our geographical reach. Our web shop continues to deliver strong year-on-year growth, reinforcing the success of our digital sales strategy, alongside continuing to explore our third-party partnerships

Future investment plans include further development of the manufacturing department and the adoption of AI technologies to help streamline operations and support future growth. The Group will also continue investing in its people, while improving pipeline management and forecasting processes to respond more effectively to growth opportunities. Maintaining a sustainable organic growth strategy remains a fundamental objective of the business.

KEY PERFORMANCE INDICATORS

The key performance indicator detailed above is recognised as an integral part of monitoring the business, along with gross margin and net margin.

2026

2025

Turnover growth

25.04%

(3.88%)

Gross profit margin

44.38%

41.43%

Net profit margin

5.81%

3.52%

It is the responsibility of the commercial team to regularly monitor and review these figures and report the results and any corrective actions to the board.

The company continue to invest in research and development expenditure to develop the internal systems of the business.

The directors are happy with the company's performance against those indicators, especially during the challenges presented during recent times.

PRINCIPAL RISKS AND UNCERTAINTIES

There are certain risks, which could materially and adversely impact the company's results compared to expectation. A summary of the key risks is set out below. This is not an exhaustive list of the factors that could adversely impact company profitability.

FINANCIAL INSTRUMENTS

The group uses various financial instruments; these include cash and various items, such as trade debtors and trade creditors, that arise directly from its operations.

The existence of these financial instruments exposes the company to several financial risks which are described in more detail below.

The main risks arising from the group's financial instruments are categorised as market risk, credit risk and liquidity risk. The directors review and agree policies for managing these risks and they are summarised below.

MARKET RISK

The directors are constantly monitoring both the quality and price of the products it acquires and the range of goods it supplies to minimise the market risk.

CREDIT RISK

To counteract the risk of bad debts the business has increased the use of credit checking and monitoring facilities to assess the risk to the group. If a significant risk is identified then a further review is made and where appropriate protective actions are undertaken.

LIQUIDITY RISK

The business has a very strong relationship with its bank. The group has the facilities available to meet its needs on an ongoing basis. These facilities are reviewed on a regular basis, by both the bank and the management, and are in accordance with the needs of the group.

FUTURE DEVELOPMENTS

The directors are keen to expand the core business, through organic sustainable growth, supply chain partnerships, and through strategic acquisition opportunities.

The business has a continued re-investment programme replacing equipment with newer technology to enable the group to compete in increasingly competitive markets, which is constantly reviewed in line with business opportunities.

ON BEHALF OF THE BOARD:

Mr M R Bischof - Director

4 September 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 providing playground equipment and installation.

DIVIDENDS

The total distribution of dividends for the year ended 28 February 2026 will be £ 517,000 .

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 M R Bischof

Mr A P Snell

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Thompson Wright (Audit) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr M R Bischof - Director

4 September 2026

Opinion

We have audited the financial statements of Pentagon Sport (Cheshire) Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 28 February 2026 which comprise the Consolidated Profit and Loss Account, 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 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 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 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of playground equipment and installation.

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment and health and safety legislation and FSC and PEFC compliance;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

Richard Thompson BA (Hons) FCA Dip PFS (Senior Statutory Auditor)

for and on behalf of Thompson Wright (Audit) Limited

Chartered Accountants

and Statutory Auditors

Ebenezer House

Ryecroft

Newcastle under Lyme

Staffordshire

ST5 2BE

4 September 2026

TURNOVER

3

18,837,152

15,064,428

Cost of sales

10,477,299

8,823,848

GROSS PROFIT

8,359,853

6,240,580

Administrative expenses

7,480,294

6,116,793

879,559

123,787

Other operating income

12,068

333,674

OPERATING PROFIT

5

891,627

457,461

Income from other participating interests

88,030

-

Interest receivable and similar income

128,127

92,453

216,157

92,453

1,107,784

549,914

Interest payable and similar expenses

6

13,714

19,616

PROFIT BEFORE TAXATION

1,094,070

530,298

Tax on profit

7

224,288

167,095

PROFIT FOR THE FINANCIAL YEAR

869,782

363,203

Profit attributable to:

Owners of the parent

869,782

363,203

PROFIT FOR THE YEAR

869,782

363,203

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

869,782

363,203

Total comprehensive income attributable to:

Owners of the parent

869,782

363,203

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

1,046,986

1,343,475

Investments

12

Interest in joint venture

Share of gross assets

-

1

1,046,986

1,343,476

CURRENT ASSETS

Stocks

13

968,351

779,171

Debtors

14

5,515,563

5,324,110

Cash at bank and in hand

2,609,383

1,028,888

9,093,297

7,132,169

CREDITORS

Amounts falling due within one year

15

4,510,479

3,099,886

NET CURRENT ASSETS

4,582,818

4,032,283

TOTAL ASSETS LESS CURRENT LIABILITIES

5,629,804

5,375,759

CREDITORS

Amounts falling due after more than one year

16

(109,207

)

(191,725

)

PROVISIONS FOR LIABILITIES

20

(247,908

)

(264,127

)

NET ASSETS

5,272,689

4,919,907

CAPITAL AND RESERVES

Called up share capital

21

94

94

Share premium

22

1,091,902

1,091,902

Capital redemption reserve

22

12

12

Other reserves

22

34,032

34,032

Retained earnings

22

4,146,649

3,793,867

SHAREHOLDERS' FUNDS

5,272,689

4,919,907

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2026 and were signed on its behalf by:

Mr M R Bischof - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

10,862

71,896

Investments

12

2,211,645

2,211,645

2,222,507

2,283,541

CURRENT ASSETS

Debtors

14

2,914,398

2,340,034

Cash at bank

787,714

110,400

3,702,112

2,450,434

CREDITORS

Amounts falling due within one year

15

340,944

258,849

NET CURRENT ASSETS

3,361,168

2,191,585

TOTAL ASSETS LESS CURRENT LIABILITIES

5,583,675

4,475,126

PROVISIONS FOR LIABILITIES

20

2,716

17,974

NET ASSETS

5,580,959

4,457,152

CAPITAL AND RESERVES

Called up share capital

21

94

94

Share premium

22

1,091,902

1,091,902

Capital redemption reserve

22

12

12

Other reserves

22

34,032

34,032

Retained earnings

22

4,454,919

3,331,112

SHAREHOLDERS' FUNDS

5,580,959

4,457,152

Company's profit for the financial year

1,640,807

1,568,028

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2026 and were signed on its behalf by:

Mr M R Bischof - Director

Called up

share

Retained

Share

capital

earnings

premium

£

£

£

Balance at 1 March 2024

94

4,456,664

1,091,902

Changes in equity

Dividends

-

(1,026,000

)

-

Total comprehensive income

-

363,203

-

Balance at 28 February 2025

94

3,793,867

1,091,902

Changes in equity

Dividends

-

(517,000

)

-

Total comprehensive income

-

869,782

-

Balance at 28 February 2026

94

4,146,649

1,091,902

Capital

redemption

Other

Total

reserve

reserves

equity

£

£

£

Balance at 1 March 2024

12

34,032

5,582,704

Changes in equity

Dividends

-

-

(1,026,000

)

Total comprehensive income

-

-

363,203

Balance at 28 February 2025

12

34,032

4,919,907

Changes in equity

Dividends

-

-

(517,000

)

Total comprehensive income

-

-

869,782

Balance at 28 February 2026

12

34,032

5,272,689

Called up

share

Retained

Share

capital

earnings

premium

£

£

£

Balance at 1 March 2024

94

2,789,084

1,091,902

Changes in equity

Dividends

-

(1,026,000

)

-

Total comprehensive income

-

1,568,028

-

Balance at 28 February 2025

94

3,331,112

1,091,902

Changes in equity

Dividends

-

(517,000

)

-

Total comprehensive income

-

1,640,807

-

Balance at 28 February 2026

94

4,454,919

1,091,902

Capital

redemption

Other

Total

reserve

reserves

equity

£

£

£

Balance at 1 March 2024

12

34,032

3,915,124

Changes in equity

Dividends

-

-

(1,026,000

)

Total comprehensive income

-

-

1,568,028

Balance at 28 February 2025

12

34,032

4,457,152

Changes in equity

Dividends

-

-

(517,000

)

Total comprehensive income

-

-

1,640,807

Balance at 28 February 2026

12

34,032

5,580,959

Cash flows from operating activities

Cash generated from operations

1

2,284,926

995,787

Interest paid

(1,556

)

(10,855

)

Interest element of hire purchase payments paid

(12,158

)

(8,761

)

Tax paid

(137,318

)

(350,606

)

Net cash from operating activities

2,133,894

625,565

Cash flows from investing activities

Purchase of tangible fixed assets

(77,054

)

(407,913

)

Purchase of fixed asset investments

(1

)

-

Sale of intangible fixed assets

341,674

-

Sale of tangible fixed assets

91,483

2,500

Interest received

216,157

92,453

Net cash from investing activities

572,259

(312,960

)

Cash flows from financing activities

Loan repayments in year

(50,000

)

(50,000

)

HP capital repayments in year

(123,502

)

(64,783

)

Amount withdrawn by directors

(435,156

)

(39,822

)

Loans from/to associates

-

(4,133

)

Equity dividends paid

(517,000

)

(1,026,000

)

Net cash from financing activities

(1,125,658

)

(1,184,738

)

Increase/(decrease) in cash and cash equivalents

1,580,495

(872,133

)

Cash and cash equivalents at beginning of year

2

1,028,888

1,901,021

Cash and cash equivalents at end of year

2

2,609,383

1,028,888

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

2026

2025

£

£

Profit before taxation

1,094,070

530,298

Depreciation charges

348,887

445,570

Profit on disposal of fixed assets

(346,602

)

(2,500

)

Finance costs

13,714

19,616

Finance income

(216,157

)

(92,453

)

893,912

900,531

Increase in stocks

(189,180

)

(128,387

)

Decrease/(increase) in trade and other debtors

351,523

(613,743

)

Increase in trade and other creditors

1,228,671

837,386

Cash generated from operations

2,284,926

995,787

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

2,609,383

1,028,888

Year ended 28 February 2025

28.2.25

1.3.24

£

£

Cash and cash equivalents

1,028,888

1,901,021

3.	ANALYSIS OF CHANGES IN NET FUNDS

Other

non-cash

At 1.3.25

Cash flow

changes

At 28.2.26

£

£

£

£

Net cash

Cash at bank

and in hand

1,028,888

1,580,495

2,609,383

1,028,888

1,580,495

2,609,383

Debt

Finance leases

(229,319

)

123,502

(61,900

)

(167,717

)

Debts falling due

within 1 year

(50,000

)

-

-

(50,000

)

Debts falling due

after 1 year

(50,000

)

50,000

-

-

(329,319

)

173,502

(61,900

)

(217,717

)

Total

699,569

1,753,997

(61,900

)

2,391,666