REGISTERED NUMBER: 03657606 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2025

for

Taylor Lane Timber Frame Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

J B Lane

L Hale

S J Griffiths

P S Harris

R P Dodyk

A Finch

B Pannell

M T G Oldfield

SECRETARY:

Ledge Services Limited

REGISTERED OFFICE:

Cala House

54 The Causeway

Staines-Upon-Thames

Surrey

TW18 3AX

REGISTERED NUMBER:

03657606 (England and Wales)

SENIOR STATUTORY AUDITOR:

A A Houston

AUDITORS:

R J Francis & Co Limited

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS AND FUTURE DEVELOPMENTS

A summary of the period's trading results is given on pages 9 and 10 of the Accounts. Taylor Lane has delivered a robust financial performance in 2025, despite the challenging market conditions.

We will continue to invest in new machinery and modernisation of operational and technological systems to ensure we realise our long-term growth strategy from a position of strength.

Whilst there have been many market and economic challenges throughout 2025, the attitude and approach of all our people across the business has remained first class. It is due to the quality of our people that we have been able to meet the difficulties head on. I would like to thank all our people for their continued hard work and commitment.

Reduced sales volumes are affecting the year ahead, but Taylor Lane is well-placed to navigate the challenging

market conditions with the backing of our owners, Cala, alongside the talent, dedication and quality of our teams.

PRINCIPAL RISKS AND UNCERTAINTIES

The operation of the business and the execution of the company's strategy are subject to a number of risks. The key business risks currently affecting the company relate to:

- Health and safety

- Economic and political uncertainty

- Raw materials, subcontractors and suppliers

- Product quality/customer service

- Attracting high calibre employees

The management and mitigation of risks and uncertainties is performed at a wider group level and these are discussed in the 'Risk management' section of the Strategic Report in the Annual Report and Accounts of Cala Group (Holdings) Limited, registered number 08428265. For this reason, the Directors believe that is not necessary or appropriate to review the company's risks in this report.

KEY PERFORMANCE INDICATORS

The company has delivered a net profit before tax totalling £0.56 million for the year to 31 December 2025 on revenue of £33.2 million. The profit-making position in the 12-month period reflects increased sales volumes through the Cala Group, together with improved efficiencies in production, transport and design.

ON BEHALF OF THE BOARD:

J B Lane - Director

12 August 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of construction of timber framed buildings.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

J B Lane

L Hale

S J Griffiths

P S Harris

R P Dodyk

A Finch

B Pannell

Other changes in directors holding office are as follows:

M T G Oldfield - appointed 1 September 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and 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;

-	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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, R J Francis & Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

BY ORDER OF THE BOARD:

J B Lane - Director

12 August 2026

Opinion

We have audited the financial statements of Taylor Lane Timber Frame Limited (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 company's affairs as at 31 December 2025 and of its 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 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the 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.

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:

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

We identified the laws and regulations applicable to the Company through discussions with Directors and other management and from our commercial knowledge and experience of this business sector.

We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence.

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

Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud.

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

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

Performed analytical procedures to identify any unusual or unexpected relationships.

Assessed whether judgements and assumptions made in determining accounting estimates included in the Accounts were indicative of potential bias.

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

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

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

A A Houston (Senior Statutory Auditor

for and on behalf of R J Francis & Co Limited

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

12 August 2026

TURNOVER

33,202,765

23,675,882

Cost of sales

28,807,762

21,442,247

GROSS PROFIT

4,395,003

2,233,635

Administrative expenses

3,841,894

3,055,382

553,109

(821,747

)

Other operating income

66,653

70,552

OPERATING PROFIT/(LOSS)

4

619,762

(751,195

)

Interest receivable and similar income

15,505

22,293

635,267

(728,902

)

Interest payable and similar expenses

5

76,169

79,646

PROFIT/(LOSS) BEFORE TAXATION

559,098

(808,548

)

Tax on profit/(loss)

6

269,656

(235,958

)

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

289,442

(572,590

)

PROFIT/(LOSS) FOR THE YEAR

289,442

(572,590

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

289,442

(572,590

)

FIXED ASSETS

Tangible assets

7

2,501,709

2,547,325

CURRENT ASSETS

Stocks

8

1,428,669

1,173,019

Debtors

9

4,868,959

5,754,128

Cash at bank

2,926,747

1,363,890

9,224,375

8,291,037

CREDITORS

Amounts falling due within one year

10

3,291,350

2,611,367

NET CURRENT ASSETS

5,933,025

5,679,670

TOTAL ASSETS LESS CURRENT LIABILITIES

8,434,734

8,226,995

CREDITORS

Amounts falling due after more than one year

11

(1,058,904

)

(1,163,722

)

PROVISIONS FOR LIABILITIES

13

(307,310

)

(284,195

)

NET ASSETS

7,068,520

6,779,078

CAPITAL AND RESERVES

Called up share capital

14

136,658

136,658

Retained earnings

15

6,931,862

6,642,420

SHAREHOLDERS' FUNDS

7,068,520

6,779,078

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by:

J B Lane - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

136,658

7,215,010

7,351,668

Changes in equity

Total comprehensive income

-

(572,590

)

(572,590

)

Balance at 31 December 2024

136,658

6,642,420

6,779,078

Changes in equity

Total comprehensive income

-

289,442

289,442

Balance at 31 December 2025

136,658

6,931,862

7,068,520

1.	STATUTORY INFORMATION

Taylor Lane Timber Frame Limited 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company meets the definition of a qualifying entity and is therefore claiming the exemption from preparing a statement of cash flows in accordance with paragraphs 1.11 and 1.12(b) of the standard.

Preparation of consolidated financial statements

The company is included by full consolidation in the consolidated financial statements of its intermediate parent company, Cala Group (Holdings) Limited. The registered office of Cala Group (Holdings) Limited is: Cala House, 54 The Causeway, Staines-Upon-Thames, Surrey, TW18 3AX.

Going concern

Despite dealing with difficult market conditions, the company has delivered a robust trading profit for the year.

Trading in the current year is more difficult, with reduced sales volumes in the period but current restructuring plans, supported by Cala Group's plans for the company, mean that the long term outlook is very positive.

The directors are confident that the company will continue to trade for the foreseeable future.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for sale of goods and services in the ordinary nature of the business, net of Value Added Tax. In the case of long term contracts, credit is taken appropriate to the stage completion when the outcome of the contract can be ascertained with reasonable certainty.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property and improvements

-

Nil

Plant and machinery

-

Straight line over 10 years and Straight line over 5 years

Motor vehicles

-

Straight line over 8 years and Straight line over 4 years

Office equipment

-

Straight line over 5 years and Straight line over 3 years

The directors have assessed that the residual value of the freehold property included in the balance sheet, including the property improvements, is above the original cost. The directors have therefore deemed it appropriate to include nil depreciation on the freehold property.

Stocks and work in progress

Stock has been valued at the lower of cost and net realisable value.

In respect of long term contracts, profit is only recognised when the contracts outcome can be ascertained with reasonable certainty. Long term contracts are assessed on a contract by contract basis and reflected in the profit and loss account by regrading turnover and related costs as the contract progresses. The contract confirms the appropriate profit element to be reflected in work in progress at the year end.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

The company recognises a single recognition and measurement approach for all leases, except for short-term leases and leases of low value/ The company recognises lease liabilities to make lease payments and right of use assets representing the right to use underlying assets.

Right of use assets are recognised at the commencement date of the lease and are measured at cost. The right of use assets are depreciated on a straight line basis over the shorter of the lease term and the estimated useful lives of the assets.

The company recognises lease liabilities at the commencement date of the lease and are measured at the present value of the lease payments to be made over the lease term. in calculating the present value of the lease payments, the company uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of the lease liabilities is increased to reflect the accumulation of interest and reduced for the lease payments made.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

6,344,319

4,839,127

The average number of employees during the year was as follows:

2025

2024

Administration

47

49

Factory and transport operatives

156

97

204

146

2025

2024

£

£

Directors' remuneration

528,825

541,595

Information regarding the highest paid director for the period ended 31 December 2025 is as follows:

2025

£

99,104

4.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

283,827

245,158

Depreciation - assets on finance leases

181,864

185,408

Loss/(profit) on disposal of fixed assets

3,586

(1,223

)

Wages and subcontract

13,572,291

12,224,306

Auditors remuneration

10,000

10,000

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Finance lease interest

76,169

79,646

6.

TAXATION

Analysis of the tax charge/(credit)

The tax charge/(credit) on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

56,530

(180,012

)

Adjustment in respect of previous year

190,011

(22,899

)

R&D tax credit

-

(21,825

)

Total current tax

246,541

(224,736

)

Deferred tax

23,115

(11,222

)

Tax on profit/(loss)

269,656

(235,958

)

Reconciliation of total tax charge/(credit) included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit/(loss) before tax

559,098

(808,548

)

Profit/(loss) multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 21.966%)

139,775

(177,606

)

Effects of:

Expenses not deductible for tax purposes

1,115

1,224

Capital allowances in excess of depreciation

(19,462

)

(3,632

)

Utilisation of tax losses

(126,962

)

-

Adjustments to tax charge in respect of previous periods

190,011

(22,898

)

Deferred Tax

23,115

(11,222

)

R&D tax credit

-

(21,824

)

Income tax at different rates

62,064

-

Total tax charge/(credit)

269,656

(235,958

)

7.	TANGIBLE FIXED ASSETS

Freehold

property

and

Plant and

Motor

Office

improvements

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

1,421,452

2,661,112

1,257,604

982,834

6,323,002

Additions

20,952

96,583

305,602

11,564

434,701

Disposals

-

-

(59,391

)

-

(59,391

)

At 31 December 2025

1,442,404

2,757,695

1,503,815

994,398

6,698,312

DEPRECIATION

At 1 January 2025

237,511

1,883,779

853,099

801,288

3,775,677

Charge for year

143,622

108,568

130,349

83,152

465,691

Eliminated on disposal

-

-

(44,765

)

-

(44,765

)

At 31 December 2025

381,133

1,992,347

938,683

884,440

4,196,603

NET BOOK VALUE

At 31 December 2025

1,061,271

765,348

565,132

109,958

2,501,709

At 31 December 2024

1,183,941

777,333

404,505

181,546

2,547,325

Fixed assets, included in the above, which are held under finance leases are as follows:

Freehold

property

and

Motor

improvements

vehicles

Totals

£

£

£

COST

At 1 January 2025

1,414,833

161,679

1,576,512

Additions

-

86,652

86,652

Disposals

-

(49,891

)

(49,891

)

At 31 December 2025

1,414,833

198,440

1,613,273

DEPRECIATION

At 1 January 2025

235,806

72,079

307,885

Charge for year

141,483

40,381

181,864

Eliminated on disposal

-

(36,803

)

(36,803

)

At 31 December 2025

377,289

75,657

452,946

NET BOOK VALUE

At 31 December 2025

1,037,544

122,783

1,160,327

At 31 December 2024

1,179,027

89,600

1,268,627

8.

STOCKS

2025

2024

£

£

Stocks

1,359,453

1,057,616

Work-in-progress

69,216

115,403

1,428,669

1,173,019

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,159,911

4,763,202

Related company balance

324,198

442,932

Other debtors and prepayments

384,850

335,084

Tax

-

212,910

4,868,959

5,754,128