REGISTERED NUMBER: 05128575 (England and Wales)

Financial Statements for the Year Ended 31st December 2025

for

Exterran Services (UK) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

P A J Pyle

J K Bryanton

REGISTERED OFFICE:

King & Spalding

8 Bishopgate

London

EC2N 4BQ

REGISTERED NUMBER:

05128575 (England and Wales)

AUDITORS:

Beak Kemmenoe

Chartered Accountants

& Statutory Auditors

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Tangible assets

4

-

18,551

Investments

5

55,390,924

55,390,924

55,390,924

55,409,475

CURRENT ASSETS

Debtors

6

1,517,311

12,919,348

Cash at bank and in hand

8,724

89,271

1,526,035

13,008,619

CREDITORS

Amounts falling due within one year

7

1,379,315

12,660,100

NET CURRENT ASSETS

146,720

348,519

TOTAL ASSETS LESS CURRENT LIABILITIES

55,537,644

55,757,994

CREDITORS

Amounts falling due after more than one year

8

-

4,186

NET ASSETS

55,537,644

55,753,808

CAPITAL AND RESERVES

Called up share capital

9

2

2

Capital contribution reserve

36,100,000

36,100,000

Retained earnings

19,437,642

19,653,806

SHAREHOLDERS' FUNDS

55,537,644

55,753,808

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd August 2026 and were signed on its behalf by:

P A J Pyle - Director

1.	STATUTORY INFORMATION

Exterran Services (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the US Dollar ($).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Exterran Services (UK) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Enerflex Limited, Suite 904, 1331 Macleod Trail SE Calgary, AB, Canada T2G 0K3.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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 when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

over the period of the lease

Plant and machinery etc

-

3-7 years & 5% per annum on cost

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

The company has a foreign branch election in place.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

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.

Going concern

The financial statements have been prepared on the basis that the company is a going concern. The Company's contract for operating the JJVL 1 & 2 Jamshoro liquid petroleum gas and natural liquids extraction facility in the Sindh Province of Pakistan expired on 30th September 2017. Amendments were made to the contract, which was rolled forward until 30th June 2018, after which a standby arrangement was put in place. An agreement of outstanding amounts owed was signed on 20th December 2018, a further negotiated 18 month contract was signed on 21st December 2018 with commencement date of 21st January 2019, which ended on 20th June 2020. Negotiations are ongoing with JJVL.

The Company's ultimate parent undertaking, Enerflex Limited, has confirmed its willingness to provide financial support to the company for a period of at least 12 months from the approval of the financial statements such that it can continue to satisfy its debts and obligations and remain solvent, and accordingly the financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

$

$

$

COST

At 1st January 2025

59,121

137,566

196,687

Disposals

(28,353

)

-

(28,353

)

At 31st December 2025

30,768

137,566

168,334

DEPRECIATION

At 1st January 2025

40,570

137,566

178,136

Eliminated on disposal

(9,802

)

-

(9,802

)

At 31st December 2025

30,768

137,566

168,334

NET BOOK VALUE

At 31st December 2025

-

-

-

At 31st December 2024

18,551

-

18,551

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

$

COST

At 1st January 2025

and 31st December 2025

55,390,924

NET BOOK VALUE

At 31st December 2025

55,390,924

At 31st December 2024

55,390,924

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Enerflex Oman Holdings LLC

Registered office: Corporation Trust Center 1209 Orange St. Wilmington Delaware 19801 United States of America.

Nature of business: Provision of gas, power and water solutions

%

Class of shares:

holding

Ordinary

100.00

2025

2024

$

$

Aggregate capital and reserves

16,616,475

16,616,475

Enerflex International Holdings LLC

Registered office: Corporation Trust Center 1209 Orange St. Wilmington Delaware 19801 United States of America.

Nature of business: Provision of gas, power and water solutions

%

Class of shares:

holding

Ordinary

100.00

2025

2024

$

$

Aggregate capital and reserves

38,774,449

38,774,449

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

$

$

Amounts owed by group undertakings

1,517,311

12,910,830

Prepayments and accrued income

-

8,518

1,517,311

12,919,348

Amounts owed by group undertakings are unsecured, repayable on demand and no interest is charged on these amounts.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

$

$

Amounts owed to group undertakings

1,111,594

12,141,235

Accruals and deferred income

267,721

518,865

1,379,315

12,660,100

Amounts owed to group undertakings are unsecured, repayable on demand with interest charged as applicable.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

$

$

Other creditors

-

4,186

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

$

$

1

Ordinary

$2

2

2

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ronald Price FCA (Senior Statutory Auditor)

for and on behalf of Beak Kemmenoe

11.	ULTIMATE HOLDING COMPANY

The controlling party is Enerflex Holdings Company Nl BV, incorporated in the Netherlands..

The ultimate controlling party is Enerflex Ltd, a company incorporated in Canada..

12.	CONTINGENT LIABILITIES

A claim has been received from the third party owner of the plant which is operated by the company amounting to $21.5m concerning production losses at the plant. No provision has been made in the financial statements because the Board believes that the contract has been adhered to in all material respects and that there are no grounds for the claim. The Company will seek to resolve the dispute with the customer in a positive manner and expects to continue to work with the customer into the future.The company has not been involved in the resumed operations of the JJVL 1 & 2 Jamshoro gas processing plants which occurred in May 2026.

13.	GROUP GUARANTEE

A first floating charge is held over all present and future assets and rights of any kind against the debts of the group.