REGISTERED NUMBER: 05807564 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

EMC GROUP HOLDINGS LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Director

8

Report of the Independent Auditors

10

Consolidated Income Statement

14

Consolidated Other Comprehensive Income

15

Consolidated Balance Sheet

16

Company Balance Sheet

18

Consolidated Statement of Changes in Equity

20

Company Statement of Changes in Equity

21

Consolidated Cash Flow Statement

22

Notes to the Consolidated Cash Flow Statement

23

Notes to the Consolidated Financial Statements

25

DIRECTOR:

M D J Lambird

REGISTERED OFFICE:

103 Bourne Street

Eastbourne

East Sussex

BN21 3SE

REGISTERED NUMBER:

05807564 (England and Wales)

AUDITORS:

LMDB Limited

t/a LMDB Accountants

Statutory Auditors

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

The director presents his strategic report of the company and the group for the year ended 31 December 2025.

REVIEW OF BUSINESS

The principal activity of the group continued to be the sale, servicing and repair of new and used cars and commercial vehicles, together with the sale of associated parts and products.

The year ended 31 December 2025 was a challenging one for the group. The business experienced significant increases in operating costs, many of which were outside the direct control of the directors. These included increases in business rates, employers' National Insurance contributions, employment costs, utilities and other general overheads.

These additional costs, together with continued pressure on vehicle margins, resulted in the profitability of the group being lower than anticipated. The directors are actively addressing these challenges and have implemented measures intended to improve operational efficiency, control costs, manage stock levels and restore profitability during 2026.

The directors and management team remain focused on the group's core strategy of retaining customers, delivering high levels of customer satisfaction, investing in staff training, carefully managing stock and cash resources and maintaining a strong balance sheet.

PRINCIPAL RISKS AND UNCERTAINTIES

The group is subject to a number of risks and uncertainties, many of which arise from external economic, regulatory and market conditions. These risks are regularly reviewed by the directors and senior management team.

Increased operating costs

The continued increase in employment costs, employers' National Insurance contributions, business rates, energy costs and other overheads represents a significant risk to profitability.

The directors are addressing this through regular reviews of departmental performance, staffing requirements, expenditure, supplier arrangements and operating processes. The objective is to ensure that the business operates as efficiently as possible without adversely affecting customer service.

Interest rates and consumer confidence

Interest rates and the wider cost-of-living pressures continue to affect consumer confidence and the affordability of vehicle finance. Although interest rates have stabilised, finance costs remain higher than in previous years and may continue to influence customer purchasing decisions.

Higher interest rates also increase the cost of funding vehicle stock. The group therefore continues to closely monitor stock levels, stock ageing, vehicle funding and cash flow.

Manufacturer supply and product competitiveness

The group is reliant on its franchise manufacturers for the supply of new vehicles and associated products.

This exposes the group to risks relating to:

-The availability and range of new vehicle products.

-The availability and competitiveness of battery electric and hybrid vehicles.

-The quality and reliability of new vehicle products.

-Manufacturer pricing and incentive programmes.

-The competitiveness of products against new market entrants.

-Changes to manufacturer franchise and distribution strategies.

-The availability of replacement parts.

-The management and financial effects of the Zero Emission Vehicle mandate.

The group's Stellantis brands have experienced increased competition, particularly from Chinese manufacturers offering competitively priced electric and hybrid vehicles. This has placed pressure on vehicle margins and profitability.

The directors continue to work closely with the group's manufacturer partners and regularly review the performance of each franchise. These risks are also mitigated by the group's diversified activities, including used vehicle sales, servicing, repairs, warranty work, parts sales and the addition of the BYD franchise.

Electric vehicle transition

The transition from internal combustion engine vehicles to battery electric and hybrid vehicles presents both risks and opportunities for the group.

The group is required to invest in staff training, workshop equipment, charging infrastructure, demonstrator vehicles and manufacturer corporate identity requirements. Customer demand for electric vehicles can also be affected by charging infrastructure, vehicle pricing, government policy and changes to incentives.

The directors believe that the group's investment in BYD, together with the electric vehicle products available from its existing manufacturers, places the business in a stronger position to respond to the changing market.

Used vehicle price variations

Used vehicle values can increase or decline significantly. As a substantial proportion of the group's business relates to used vehicle sales, changes in market values can have a material effect on profitability.

A reduction in used vehicle values may result in lower margins and write-downs in the value of used vehicle inventory. The availability of suitable used vehicle stock also remains challenging in certain areas of the market.

The directors seek to manage this risk by regularly reviewing stock values, monitoring stock ageing, maintaining appropriate stock levels and ensuring that vehicles are priced competitively.

Competition

The group operates in a highly competitive marketplace. Competition arises from:

-Other franchised motor dealerships.

-Chinese and other new vehicle manufacturers entering the UK market.

-Independent used vehicle retailers.

-Internet-based vehicle retailers and purchasing services.

- Private vehicle buyers and sellers.

- Independent service and repair businesses.

- Vehicle manufacturers operating direct-to-consumer or agency sales models.

The principal competitive factors include vehicle pricing, product availability, finance costs, brand strength, location, customer experience and the quality of aftersales service.

The group seeks to differentiate itself through its established reputation, experienced employees, strong local presence, manufacturer relationships and commitment to customer service.

KPI MONITORING AND MEASUREMENT

The subsidiary company uses the following ratios to monitor the business:

2025

2024

Turnover

£33,852,326

£34,679,958

Gross profit

£4,507,632

£4,431,932

Gross profit margin

13.32%

12.78%

Operating profit

£264,823

£568,258

Operating profit margin

0.78%

1.64%

MARKET AND FRANCHISE PERFORMANCE

The UK motor industry continues to undergo significant change, particularly as a result of the growth of Chinese vehicle manufacturers and the continued transition towards battery electric vehicles.

The group experienced increased competition from Chinese manufacturers during 2025. The introduction of competitively priced and well-equipped vehicles has placed pressure on a number of established manufacturers and has affected the performance and profitability of the group's Stellantis brands. The group has experienced a reduction in margins and profitability on certain Stellantis vehicle sales as a result of increased competition, manufacturer pricing strategies and changing customer demand.

Suzuki continued to perform well against its manufacturer targets during the year. However, the reduced availability and range of products within the Suzuki brand has had an effect on sales opportunities. The directors continue to work closely with Suzuki and remain confident in the strength of the brand, its customer base and the contribution it makes to the group.

As part of the group's strategy to diversify its franchise portfolio and create additional routes to market, the group has taken on the BYD franchise. Full dealership facilities have been established at the Eastbourne site, with a satellite sales operation located within the group's Uckfield showroom.

The initial results from the BYD franchise have been very positive. Customer interest in the brand and its range of electric and plug-in hybrid vehicles has been encouraging. The directors believe that BYD provides the group with an important opportunity to participate in the continued growth of Chinese vehicle manufacturers within the UK market.

The group will continue to develop its existing franchises while reviewing opportunities to strengthen and diversify its brand portfolio.

DEVELOPMENT AND PERFORMANCE

The directors remain committed to the long-term development of the group.

During 2026, the principal areas of focus will include:

-Improving profitability across all departments.

-Controlling overheads and operating costs.

-Reviewing staffing structures and operational efficiency.

-Improving stock turn and reducing stock funding costs.

-Developing the BYD franchise at Eastbourne and Uckfield.

-Maximising opportunities within the group's existing franchises.

-Continuing to grow used vehicle, service, parts and repair activities.

-Maintaining high standards of regulatory compliance and customer service.

The directors believe that the addition of BYD provides a significant opportunity for future growth and further diversifies the group's franchise representation.

Although market conditions remain challenging, the directors are confident that the actions being taken will strengthen the business and improve its performance during 2026 and beyond.

COMPANY, PEOPLE AND REPUTATION

The group has invested significantly in its employees, facilities and reputation over many years. The skills, knowledge and commitment of its employees are essential to delivering the group's results and maintaining its reputation.

The group regularly reviews remuneration, employee benefits, training and development opportunities to ensure that it can attract and retain appropriately skilled employees.

The continued development of electric and hybrid vehicles requires further investment in technical and product training. The group will continue to work with its manufacturer partners to ensure that employees have the skills and qualifications required to support new products and technologies.

The group is committed to maintaining a safe, inclusive and professional working environment and to providing customers with a high standard of service.

CUSTOMER DUTY AND REGULATORY COMPLIANCE

The group remains committed to complying with the Financial Conduct Authority's Consumer Duty requirements and ensuring that good customer outcomes are central to its activities.

Management information, customer feedback, complaints, finance penetration, product performance and customer satisfaction measures are regularly reviewed by the directors and senior management team.

The group continues to identify areas for improvement and to develop its processes, training and controls to ensure that it meets both regulatory requirements and the expectations of its manufacturer partners and customers.

FUTURE OUTLOOK

The directors recognise that 2026 will continue to present challenges. Increased costs, pressure on vehicle margins, changing manufacturer strategies and the transition towards electric vehicles will continue to affect the motor retail industry.

The group has responded by reviewing its cost base, improving operational controls, diversifying its franchise portfolio and investing in the BYD brand.

The positive initial performance of BYD provides confidence that the group is well positioned to benefit from changing customer demand and the continued growth of electric and plug-in hybrid vehicles.

The directors remain confident in the underlying strength of the group, its employees, its franchise relationships and its established reputation. Through careful management of costs, stock, cash flow and customer service, the directors believe that the group is well placed to improve profitability and achieve sustainable future growth.

ON BEHALF OF THE BOARD:

M D J Lambird - Director

8 September 2026

The director presents his report with the financial statements of the company and the group for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of sales and servicing of new and used cars and commercial vehicles.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2025 will be £ 400,019 .

DIRECTORS

M D J Lambird has held office during the whole of the period from 1 January 2025 to the date of this report.

Other changes in directors holding office are as follows:

D C Lambird ceased to be a director after 31 December 2025 but prior to the date of this report.

FINANCIAL INSTRUMENTS

The company's operations expose it to a variety of financial risks which include credit risk, liquidity risk and interest rate risk. The company has in place risk management policies, which are implemented by the company's finance department. These policies, which are consistent with those from the previous year, seek to limit the adverse effects on the financial performance of the company by monitoring levels of debt finance and related finance costs.

Liquidity risk:

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future

developments, the company uses a mixture of long-term and short-term debt finance.

The company makes efforts to manage the financial risk by the monitoring of cashflow to ensure that the company is able to meet its foreseeable debts as they fall due and to invest any cash assets profitably.

Credit risk:

The company's principal financial assets are stock and trade debtors. The credit risk associated with stock is limited and therefore the principal credit risk arises from its trade debtors.

In order to manage credit risk the directors set limits for customers based on a combination of payment history and third party credit references. These credit limits are reviewed regularly by the directors together with the aged debtors and collection history.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he 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, LMDB Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M D J Lambird - Director

8 September 2026

Opinion

We have audited the financial statements of EMC Group Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Income Statement, 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 31 December 2025 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, 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 Director 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 Director 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 Director.

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 director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities, the director is 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 director determines 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 director is 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 director either intends to liquidate the group or the parent company or to cease operations, or has 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:

- Enquiry of management and those charged with governance on the actual and potential litigation and claims, and also any instances of non-compliance with laws and regulations.

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.

- Professional scepticism in course of the audit and with audit sampling in material audit areas.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Samuel David Jaquet FCCA (Senior Statutory Auditor)

for and on behalf of LMDB Limited

t/a LMDB Accountants

Statutory Auditors

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

18 September 2026

TURNOVER

3

33,852,326

34,679,958

Cost of sales

29,344,694

30,248,026

GROSS PROFIT

4,507,632

4,431,932

Administrative expenses

4,178,700

3,766,260

328,932

665,672

Other operating income

4

35,000

30,142

OPERATING PROFIT

6

363,932

695,814

Interest receivable and similar income

8

64,736

81,303

428,668

777,117

Interest payable and similar expenses

9

10,799

12,116

PROFIT BEFORE TAXATION

417,869

765,001

Tax on profit

10

132,794

223,483

PROFIT FOR THE FINANCIAL YEAR

285,075

541,518

Profit attributable to:

Owners of the parent

257,200

483,777

Non-controlling interests

27,875

57,741

285,075

541,518

PROFIT FOR THE YEAR

285,075

541,518

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

285,075

541,518

Total comprehensive income attributable to:

Owners of the parent

257,200

483,777

Non-controlling interests

27,875

57,741

285,075

541,518

FIXED ASSETS

Intangible assets

13

19,794

32,294

Tangible assets

14

5,740,086

5,789,945

Investments

15

-

-

Investment property

16

473,000

473,000

6,232,880

6,295,239

CURRENT ASSETS

Stocks

17

5,530,013

4,300,901

Debtors

18

1,523,009

1,322,406

Prepayments and accrued income

208,887

119,549

Cash at bank and in hand

1,660,865

2,047,928

8,922,774

7,790,784

CREDITORS

Amounts falling due within one year

19

4,452,923

3,240,648

NET CURRENT ASSETS

4,469,851

4,550,136

TOTAL ASSETS LESS CURRENT LIABILITIES

10,702,731

10,845,375

PROVISIONS FOR LIABILITIES

22

519,960

490,395

NET ASSETS

10,182,771

10,354,980

CAPITAL AND RESERVES

Called up share capital

23

3,646

3,646

Revaluation reserve

24

1,352,881

1,377,847

Capital redemption reserve

24

50

50

Retained earnings

24

8,120,457

8,238,310

SHAREHOLDERS' FUNDS

9,477,034

9,619,853

NON-CONTROLLING INTERESTS

25

705,737

735,127

TOTAL EQUITY

10,182,771

10,354,980

The financial statements were approved by the director and authorised for issue on 8 September 2026 and were signed by:

M D J Lambird - Director

FIXED ASSETS

Intangible assets

13

-

-

Tangible assets

14

2,184,008

2,218,674

Investments

15

37,170

37,170

Investment property

16

-

-

2,221,178

2,255,844

CURRENT ASSETS

Debtors

18

1,160,302

1,070,778

Cash at bank

81

38

1,160,383

1,070,816

CREDITORS

Amounts falling due within one year

19

34,851

45,605

NET CURRENT ASSETS

1,125,532

1,025,211

TOTAL ASSETS LESS CURRENT LIABILITIES

3,346,710

3,281,055

PROVISIONS FOR LIABILITIES

22

395,189

395,189

NET ASSETS

2,951,521

2,885,866

CAPITAL AND RESERVES

Called up share capital

23

3,646

3,646

Revaluation reserve

1,177,708

1,202,674

Capital redemption reserve

50

50

Retained earnings

1,770,117

1,679,496

SHAREHOLDERS' FUNDS

2,951,521

2,885,866

Company's profit for the financial year

465,674

487,009

The financial statements were approved by the director and authorised for issue on 8 September 2026 and were signed by:

M D J Lambird - Director

Called up

share

Retained

Revaluation

capital

earnings

reserve

£

£

£

Balance at 1 January 2024

3,646

8,129,586

1,402,813

Changes in equity

Dividends

-

(400,019

)

-

Total comprehensive income

-

483,777

-

Transfer

-

24,966

(24,966

)

Balance at 31 December 2024

3,646

8,238,310

1,377,847

Changes in equity

Dividends

-

(400,019

)

-

Total comprehensive income

-

257,200

-

Transfer

-

24,966

(24,966

)

Balance at 31 December 2025

3,646

8,120,457

1,352,881

Capital

redemption

Non-controlling

Total

reserve

Total

interests

equity

£

£

£

£

Balance at 1 January 2024

50

9,536,095

730,669

10,266,764

Changes in equity

Dividends

-

(400,019

)

(53,283

)

(453,302

)

Total comprehensive income

-

483,777

57,741

541,518

Balance at 31 December 2024

50

9,619,853

735,127

10,354,980

Changes in equity

Dividends

-

(400,019

)

(57,265

)

(457,284

)

Total comprehensive income

-

257,200

27,875

285,075

Balance at 31 December 2025

50

9,477,034

705,737

10,182,771

Called up

Capital

share

Retained

Revaluation

redemption

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1 January 2024

3,646

1,567,540

1,227,640

50

2,798,876

Changes in equity

Dividends

-

(400,019

)

-

-

(400,019

)

Total comprehensive income

-

487,009

-

-

487,009

Transfer

-

24,966

(24,966

)

-

-

Balance at 31 December 2024

3,646

1,679,496

1,202,674

50

2,885,866

Changes in equity

Dividends

-

(400,019

)

-

-

(400,019

)

Total comprehensive income

-

465,674

-

-

465,674

Transfer

-

24,966

(24,966

)

-

-

Balance at 31 December 2025

3,646

1,770,117

1,177,708

50

2,951,521

Cash flows from operating activities

Cash generated from operations

1

423,516

1,892,414

Interest paid

(10,799

)

(12,116

)

Tax paid

(198,887

)

(179,226

)

Net cash from operating activities

213,830

1,701,072

Cash flows from investing activities

Purchase of tangible fixed assets

(125,276

)

(193,576

)

Sale of tangible fixed assets

-

360

Interest received

64,736

81,303

Net cash from investing activities

(60,540

)

(111,913

)

Cash flows from financing activities

Amount introduced by directors

-

108,000

Amount withdrawn by directors

(83,069

)

(28,873

)

Loan repayments received

-

35,000

Equity dividends paid

(400,019

)

(400,019

)

Dividends paid to minority interests

(57,265

)

(53,283

)

Net cash from financing activities

(540,353

)

(339,175

)

(Decrease)/increase in cash and cash equivalents

(387,063

)

1,249,984

Cash and cash equivalents at beginning of year

2

2,047,928

797,944

Cash and cash equivalents at end of year

2

1,660,865

2,047,928