The directors present the strategic report for the 18 months to ended 31 December 2025.

The directors consider that the results for the 18 months and the financial position at the end of the year satisfactory. Trading performance continues to grow together with profitability. The 18 months YE performance achieved a Sales Turnover of £28.3m (2024: 12 months £21.1m) and producing Pre-Tax Profit of £0.356m (2024: £1.3m).

Neal Soils Suppliers Ltd “NSS” has continued to take advantage of opportunities in its sector, and its financial outcome for the period was below expectations. The Company continues to focus on improving business operations in 2026, following significant ongoing investment in updating the soil washplant.

The trading results for the period and the company's financial position at the end of the year are shown in the attached financial statements.

The directors consider the operations of Neal Soil Suppliers Ltd “NSS” and its wholly owned subsidiary DEG Workshop Ltd “DEG” (Previously known as Neal Aggregate Suppliers Ltd “NAS”) as one trading operation. NSS pay the overheads excluding interest for DEG. The two operations yearend figures reveal combined sales of £30.33m and a net profit before tax of £0.353m for the 18 months.

The business remains a leading supplier of various grades of soil, compactable materials, recycled aggregates and soil treatments. It is also one of the largest independent suppliers of soil and aggregates in South East Wales, operating from a 120-acre treatment and processing facility. The site can process more than 1 million tonnes of material each year through both dry processing and wet processing via DEG and its washplant. NAS was established in 2010 at Ty To Maen Farm to refine the Company’s soil and hard-core materials through a soil washery facility. Improvements to the washplant, which began during the year, are expected to increase processing capacity and enhance product quality. During 2025 new workshops were built at NSS premises to service Group plant and vehicles and its subsidiary NAS was renamed DEG Workshops, started managing these operations.

In 2019, the Welsh construction and demolition sectors generated an estimated 3.43 million tonnes of waste. The largest shares came from civil engineering construction (36%), general building (16%) and domestic building construction (16%), while the remaining six sectors each accounted for less than 10% of total construction and demolition waste. The results indicated that the construction & demolition sector was on course for achieving waste prevention, recycling and landfill targets set by Welsh Government.

The most recent Welsh Government data has reported the recycling rate has gone up from 66.6% in 2023-24 to 68.4% in 2024-25 – a complete transformation from around 5% pre devolution. Since new workplace recycling measures were introduced in Wales, requiring all businesses, public and third sector workplaces and collectors to keep key recyclable materials separate.

Since then, an extra 8,187 tonnes of recyclable material has been collected from workplaces by local authorities – up 42% on the previous year. Residual waste collected from workplaces has also dropped by 15.8%.

This means thousands of tonnes of additional valuable recyclable materials are being fed back into the economy instead of being incinerated or landfilled.

Just 0.7% of waste was disposed of via landfill in 2024 to 2025 – a vast decrease on the 95% sent prior to devolution. (Source Welsh Gov.)

The Non-Hazardous Waste Treatment & Disposal industry in Wales has seen significant changes, including landfill site closures and rising recycling rates. The industry is expected to grow at a compound annual rate of 2.2% to £4.8 billion over the five years through 2025-26, including estimated revenue growth of 1.8% in 2025-26. The industry operates under the SIC industry code E38.210, covering waste disposal, waste treatment, and renewable electricity. (Source Welsh Gov.)

The Company’s customers remain unchanged and range from national house builders, civil engineers and developers to local authorities and government agencies located In Wales and England. The company’s strategy is to continue to improve profitability by specialising in handling higher value material with less volumes which will improve its gross margins.

This financial period has also been influenced by various factors:

• Weather conditions will continue to be an important factor that effects supply and demand for the company’s operations. The unpredictable weather extremes caused by climate change over the last few years can influence both customer demand for materials and soil recycling operations.
  

• There has been a continued requirement for investment in professional fees in respect of the EcoPark and on the 120-acre treatment and processing facility at Ty To Maen Farm, the Company continues with infrastructure improvements to satisfy ever increasing regulatory requirements. This covers both DEG operations and its associated company Atlantic Recycling Ltd.
  

• Increased security measures to protect the whole of the Ecopark.
  

• Rising Costs, both labour and fuel effecting operating costs.

The Company is part of a larger Group with the ultimate holding company being Dauson Environmental Group Ltd. Following the restructuring of Group activities in 2009 greater efficiencies have been achieved and together with significant investment in both processing facilities and compliant infrastructure over the last 17 years and a satisfactory level of income continues to be achieved.

The demand for recycled aggregate continues to be strong and the company plans to increase its production capacity during 2026 by investment in additional mobile and fixed plant installations that will process new waste streams more efficiently, together with the production of products using recycled materials.

The company operate within the Haulage, Soil and Aggregate recycling sector of the Group.

The Company continues to play a vital role in respect of services, compliance, and managerial support to its sister companies, being the main point of contact with regulatory authorities for all the Group business operating on the Ecopark and therefore continues to maintain high skill standards and a broad knowledge base.

The Company for nearly 30 years’ experience in its industry sector with a long history of managing environments effectively. It can react quickly with extensive resources and well located to take advantage of any growth opportunities presented to the Company and its sister companies. It has a positive track record of reacting to and dealing with the many challenges that a company operating in this sector is exposed.

The Company continues to maintain a dominant regional position in its sector as entry costs continue to be high. With its ongoing plans to enhance its products, competing on more favourable terms with its supply of recycled products in the sand and aggregate market throughout South Wales and now also England. Having now established itself as a major supplier of sand and aggregate, Neal Soil Suppliers continues to compete on a ‘like for like’ basis with virgin material suppliers.

The Group is committed to minimising its effect on the environment and understands that it must be proactive with environmental issues. This shall be achieved by applying and regularly reviewing the following policy items via the Business Objectives Monitor which includes the Environmental Aspects reduction Plan:

• Comply with/exceed the requirements of environmental legislation and approved codes of practice.

• Assess the environmental impact of all historic, current and likely future operations.

• Continuously seek to improve environmental performance.

• Strive to prevent pollution, emissions, and waste.

• Minimise the use of all raw materials, energy, and supplies.

• Raise awareness, encourage participation, and train employees in environmental matters.

• Expect similar environmental standards from all suppliers and contractors.

• Assist customers to use our services in an environmentally sensitive way.

• Liaise with the local community.

• Participate in discussions about environmental issues.

In addition to the above points, the Group will ensure that it keeps to the forefront of environmental awareness and will endeavour to only use natural or at the very least, bio-degradable/sustainable materials.

This Environmental Policy is appropriate to the purpose and context of the organisation, including the nature, scale and environmental impacts of its activities, products and services and is reviewed annually.

On behalf of the board

The directors present their annual report and financial statements for the 18 months to ended 31 December 2025.

The principal activity of the business continues to be one of the leading suppliers of various grades of soil and compactable materials, recycled aggregates and soil treatments.

The directors do not recommend the payment of a dividend.

The directors who held office during the 18 months to and up to the date of signature of the financial statements were as follows:

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.

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.

We have audited the financial statements of Neal Soil Suppliers Ltd. (the 'company') for the 18 months to ended 31 December 2025 which comprise the statement of income and retained earnings, the balance sheet and notes to the financial statements, including 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 company's affairs as at 31 December 2025 and of its profit for the 18 months to 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's 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 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 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 18 months to 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.

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.

Neal Soil Suppliers Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is Atlantic Ecopark, Newton Road, Rumney, Cardiff, CF3 2EJ.

During the period, the directors changed the Company's accounting reference date from 30 June 2025 to 31 December 2025. Consequently, the current financial statements cover the period from 1 July 2024 to 31 December 2025, being a period of 18 months. The comparative information relates to the 12-month period ended 30 June 2024.

The directors believe that aligning the Company's year end with its natural business cycle and principal trading season provides more relevant and meaningful information to shareholders and other users of the financial statements.

Due to the change in accounting reference date, the comparative amounts presented are for a 12-month period and are therefore not entirely comparable.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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 eexemptions 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;

The financial statements of the company are consolidated in the financial statements of Dauson Environmental Group. These consolidated financial statements are available from Companies House, Crown Way, Cardiff, CF14 3UZ

Atruet 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. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

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.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

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

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.

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the asset and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Provisions are included against bad debts. These provisions require management's best estimate of the costs that will be incurred based on contractual agreements, historical experience and current knowledge of the trading difficulties of customers.

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancements, future investments, economic utilisation and the physical condition of the assets.

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

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

The average monthly number of persons (including directors) employed by the company during the 18 months to was:

Their aggregate remuneration comprised:

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

The actual charge for the 18 months to can be reconciled to the expected charge for the 18 months to based on the profit or loss and the standard rate of tax as follows:

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

Details of the company's subsidiaries at 31 December 2025 are as follows:

Trade debtors of £994,765 (2024: £1,443,472) are pledged as security for the company's trade finance agreement.

Amounts included within amounts owed by group undertakings are debts owed by related companies. Whilst the debts are technically due on demand, they will be paid after more than one year due to group cash flows and support arrangements in place.

The balance included in other creditors for trade finance agreements of £994,765 (2024: £1,454,554) is secured upon the book debts of the company.

The following balance included in creditors due within one year is secured on the assets it relates to:

The following balance included in creditors due after more than one year is secured on the assets it relates to:

The company has provided a guarantee in connection with Dauson Environmental Group Limited's group bank facility. The guarantee is unlimited and takes the form of debentures, fixed charge and floating charge covering the assets of the company for current and future periods. The group also has a right of set off across bank balances held.

The company has provided a cross guarantee in connection with Duson Environmental Group Limited's loan facility. This is in the form of a debenture and a limited guarantee. The directors so not expect any liability to arise from this.

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 bank loan and overdraft have the following guarentees attached to them:

First legal charge dated 23 August 2000 over freehold proprty known as Land at Sym Y More, Peterstone, Wentloog.

First legal charge dated 23 August 2000 over freehold property known as Land Lying North of Broadsteer common, Peterstone, Wentloog.

First legal charge dated 24 August 2000 over freehold property known as Land at Sym Y More, Peterstone, Wentloog, Newport.

First legal charge dated 14 May 2002 over Freehold Property known as Land in the South West side of Heol Miskin, Pontyclun, Llantrisant.

The company has provided a cross guarantee in connection with Dauson Environmental Group Limited's bank facility. This guarantee is unlimited and takes the form of debenture, fixed charge and floating charge covering the assets of the company for current and future periods. The group also has a right of set off in place over the bank balances held.

The company has provided a cross guarantee in connection with Dauson Environmental Group Limited's loan facility. This is in the form of a debenture and a limited guarantee. The directors do not expect any liability to arise from this.

The company has taken advantage of the 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.

Included within rent is £150,330(2024: £99,000) invoiced to close family members of Mr D J Neal. Also included within rent is £10,830 2024: £10,830) invoiced to a company owned by a close family member of Mr D J Neal.

Included within other debtors is a balance of £5,196 (2024- £Nil) that is owed by the director. This balance is repayable on demand and does not carry interest.

Dividends totalling £0 (2024 - £0) were paid in the 18 months to in respect of shares held by the company's directors.

The controlling party is Dauson Environmental Group Limited. The ultimate controlling party is Mr D J Neal.

Dauson Environmental Group Limited prepare the financial statements into which the results of Neal Soil Suppliers are consolidated. Their registered office is the same as Neal Soil Suppliers and financial statements can be obtained from Companies House, Crown Way, Cardiff.