Company No: 02321700 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	J R Morton
	M J Persson

REGISTERED OFFICE	45 Gresham Street
	London
	EC2V 7BG
	United Kingdom

COMPANY NUMBER

02321700 (England and Wales)

AUDITOR	S&W Partners Audit Limited
	Chartered Accountants
	Statutory Auditor
	103 Colmore Row
	Birmingham
	B3 3AG

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,397		2,927
		1,397		2,927
Current assets
Stocks		2,832		5,850
Debtors
- due within one year	4	224,751		148,027
- due after more than one year	4	772,500		0
Cash at bank and in hand		17,080		816,296
		1,017,163		970,173
Creditors: amounts falling due within one year	5	( 299,593)		( 299,523)
Net current assets		717,570		670,650
Total assets less current liabilities		718,967		673,577
Provision for liabilities	6	0		( 303)
Net assets		718,967		673,274
Capital and reserves
Called-up share capital		146,111		146,111
Share premium account		4,025		4,025
Profit and loss account		568,831		523,138
Total shareholders' funds		718,967		673,274

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of SIGI Limited (registered number: 02321700) were approved and authorised for issue by the Board of Directors on 08 May 2026. They were signed on its behalf by:

M J Persson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

The principal activities of the Company continued to be that of sale of scissor lifts and marketing services to group entities.

General information and basis of accounting

SIGI Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 10 Grovelands Business Park West Haddon Road, East Haddon, Northampton, NN6 8FB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of SIGI Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

At the time of approving the financial statements, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. This expectation is founded on a fellow group undertaking's confirmation of the expected continuation of intercompany marketing services for a period of 12 months from the signing of these accounts. The Directors have confirmed that the fellow group undertaking's financial position and the wider financial position of the group is sound. Thus, the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Foreign currency

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover from the supply and installation of scissor lifts is recognised on the date of installation, except where supply has occurred, but installation has been deferred at the customer's express request. In the latter case, turnover is recognised on the date of supply.

Turnover from the supply of marketing services to the parent undertaking is recognised when the corresponding cost is incurred.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

2 - 5 years straight line

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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Leases

The Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, and other direct cost incurred in bringing the stocks to their present location and condition. Cost is calculated using the weighted average method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Financial assets are derecognised when and only when (a) the contractual rights to the cash flows from the financial asset expire or are settled, (b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or (c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2025	13,678		13,678
At 31 December 2025	13,678		13,678
Accumulated depreciation
At 01 January 2025	10,751		10,751
Charge for the financial year	1,530		1,530
At 31 December 2025	12,281		12,281
Net book value
At 31 December 2025	1,397		1,397
At 31 December 2024	2,927		2,927

4. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Amounts owed by Group undertakings	200,667		134,999
Prepayments	16,444		6,119
Other debtors	7,640		6,909
	224,751		148,027
Debtors: amounts falling due after more than one year
Amounts owed by Group undertakings	772,500		0

Amounts falling dues after more than one year and owed by group undertakings are unsecured, simple interest bearing accrued monthly and repayable in June 2030.

The amounts owed by group undertakings and falling due within 12 months are unsecured, interest free and repayable on demand.

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	2,247		4,059
Amounts owed to Group undertakings	237,460		237,251
Accruals	5,175		8,413
Corporation tax	14,951		18,016
Other taxation and social security	3,943		8,296
Other creditors	35,817		23,488
	299,593		299,523

Amounts owed to group undertakings are unsecured, interest free and have no fixed date of repayment. These amounts are repayable on demand.

6. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 303)		( 640)
Credited to the Profit and Loss Account	303		337
At the end of financial year	0		( 303)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	0		( 303)

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
Within one year	22,259		43,988
Between one and five years	662		79,236
	22,921		123,224

8. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2025 was unqualified.

The audit report was signed on 08 May 2026 by Sagar Sarkar on behalf of S&W Audit.

9. Ultimate controlling party

The immediate parent undertaking is SIGI Holding AB, a company incorporated in Sweden.

The parent of the smallest group of undertakings for which group accounts for the year ending 31 December 2025 have been drawn up and publicly available, is that headed SIGI Holding AB. The registered office address of SIGI Holdings AB is Box 1080, SE-262 21, Angelholm, Sweden. Copies of the group accounts are available from this address.

The ultimate controlling party is Zy-Ax Corporation Inc, a company registered in the United States of America.