REGISTERED NUMBER: 08974218 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

FOR

NORTH POINT PARK LTD

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Consolidated Profit and Loss Account

11

Consolidated Other Comprehensive Income

12

Consolidated Balance Sheet

13

Company Balance Sheet

15

Consolidated Statement of Changes in Equity

17

Company Statement of Changes in Equity

18

Consolidated Cash Flow Statement

19

Notes to the Consolidated Cash Flow Statement

20

Notes to the Consolidated Financial Statements

22

DIRECTORS:

Mr D A Bowie

Mrs J C Bowie

Mr R Bowie

Mr A Bowie

Mr D R Bowie

REGISTERED OFFICE:

Northpoint

Compass Park

Junction Road

Bodiam

East Sussex

TN32 5BS

REGISTERED NUMBER:

08974218 (England and Wales)

INDEPENDENT AUDITORS:

Honey Barrett (Audit) Ltd, Statutory Auditors

53 Gildredge Road

Eastbourne

East Sussex

BN21 4SF

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

REVIEW OF BUSINESS

The company's key financial and other performance indicators during the year are as follows:

2025

2024

Turnover

£19,479,867

£13,466,874

Gross Profit

£10,048,171

£7,499,846

Gross Profit %

51.6%

55.7%

EBITDA

£2,872,738

£2,077,245

EBITDA %

14.8%

15.4%

Turnover for the group increased to £19.4 million during 2025, representing growth of approximately 44.6% compared with the prior year. Part of this growth was due to the first full year of consolidation for two subsidiaries which were acquired into the group in October 2024. While market conditions across the construction sector remained challenging throughout the year, the company delivered a resilient performance and continued to strengthen its position within its core markets.

During the year, the directors focused on repositioning the GreenBlue Urban brand and refining the group’s market offering to align with evolving customer and industry demands. These strategic initiatives were undertaken in anticipation of improved market conditions and are expected to support future growth opportunities. Given the prevailing macroeconomic environment, the directors consider the overall financial performance for the year to be satisfactory.

Operating overheads remained above historic levels as the group continued to invest in customer service, technical expertise, innovation, and product development. The directors have consciously maintained these investments, believing they are essential to protecting and enhancing the long-term value of GreenBlue brand and its associated business interests.

PRINCIPAL RISKS AND UNCERTAINTIES

The key risk areas for the group include lower cost imported products, and an increasing commoditization of some of their tree products. The directors are mitigating this risk by driving further innovation in the nature based solution sector, and investing to keep ahead of the competition through being agile in responding to an evolving market.

The group's operations expose it to a variety of financial risks that include the effects of market risk (including currency and price risk), credit risk and liquidity risk. The group's overall risk management strategy seeks to minimise adverse effects from the unpredictability of financial markets of the group's financial performance.

The directors are responsible for setting the objectives and underlying principles of financial risk management for the management of the group. The senior management then establishes the detailed policies such as authority levels, oversight responsibilities, risk identification and measurement, exposure limits and hedging strategies.

The directors have also identified the potential risks associated with the 'anti plastic' movement and are pursuing a circular economy strategy in their production to mitigate this.

All risks and uncertainties are regularly monitored by the Board of Directors of the companies.

FUTURE DEVELOPMENTS

The group will continue to position itself strategically to capitalise on the increasing demand for nature-based solutions, particularly in the stormwater management sector. The directors believe this market will represent an increasingly significant proportion of the company's revenue over the next five years and are continuing to invest in products, services, and expertise that support this growth.

The directors remain focused on increasing the group’s market share within the stormwater management and sustainable urban infrastructure sectors, where significant growth opportunities continue to exist. Investment in innovative, high-performance, and environmentally sustainable products will remain central to the company's growth strategy.

The directors expect future government legislation, environmental policy, planning regulations, and sustainability requirements to continue driving demand across the sector. The group is well positioned to benefit from these long-term market trends through its established reputation, industry-leading product portfolio, and extensive track record of successful project delivery.

As demand for nature-based solutions continues to increase in response to challenges such as water pollution, flood resilience, biodiversity enhancement, and urban heat mitigation, the group will further expand its design, consultancy, and delivery services. This integrated approach will enable the group to provide holistic and sustainable solutions that successfully incorporate natural systems into the built environment.

The directors have also completed a review of the UK entities within the group export strategy and are implementing targeted measures to strengthen competitiveness in international markets and respond to increasing levels of overseas competition.

ON BEHALF OF THE BOARD:

Mr D A Bowie - Director

9 September 2026

The directors present their 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 operating in the area of urban planning and landscape architectural activities. Part of the group's activity also includes the production of plastic mouldings.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2025 will be £ 997,845 .

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

Mr D A Bowie

Mrs J C Bowie

Mr R Bowie

Mr A Bowie

Mr D R Bowie

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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). 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 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 directors are 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 each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Honey Barrett (Audit) Ltd, Statutory Auditors, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr D A Bowie - Director

9 September 2026

Opinion

We have audited the financial statements of North Point Park Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Profit and Loss Account, 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 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 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 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 Group 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 Group 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 Group 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 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 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 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 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 five, 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 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 directors either intend to liquidate the group or the parent 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:

-

Enquires with management about any known of suspected instances of fraud;

-

Enquires with management about any known or suspected instances of non-compliance with laws and regulations

-

Review of the company's systems relating to the compilation of the financial statements;

-

Review of financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

-

Examination of journal entries and other adjustments to test for appropriateness and identify any instances of management override of controls;

-

Challenging assumptions and judgements made by management in their accounting estimates;

-

Identify those areas that carry a potential risk of misstatement and design appropriate testing.

Having regard to the field in which the client operates we identified that employment law, health and safety legislation and compliance with the UK Companies Act are the areas most likely to have a material impact on the financial statements.

Owing to 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 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.

Louise Underdown FCA (Senior Statutory Auditor)

for and on behalf of Honey Barrett (Audit) Ltd, Statutory Auditors

53 Gildredge Road

Eastbourne

East Sussex

BN21 4SF

10 September 2026

TURNOVER

4

19,479,869

13,466,874

Cost of sales

9,431,696

5,967,028

GROSS PROFIT

10,048,173

7,499,846

Administrative expenses

7,904,692

6,188,543

2,143,481

1,311,303

Other operating income

50,050

275,775

OPERATING PROFIT

6

2,193,531

1,587,078

Income from interest in associated undertakings

-

(98,786

)

Interest receivable and similar income

45,581

29,255

45,581

(69,531

)

2,239,112

1,517,547

Interest payable and similar expenses

8

125,120

69,828

PROFIT BEFORE TAXATION

2,113,992

1,447,719

Tax on profit

9

591,804

291,563

PROFIT FOR THE FINANCIAL YEAR

1,522,188

1,156,156

Profit attributable to:

Owners of the parent

1,522,188

1,156,156

PROFIT FOR THE YEAR

1,522,188

1,156,156

OTHER COMPREHENSIVE INCOME

Translation adjustment

56,053

2,167

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

56,053

2,167

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,578,241

1,158,323

Total comprehensive income attributable to:

Owners of the parent

1,578,241

1,158,323

FIXED ASSETS

Intangible assets

12

1,528,862

1,800,918

Tangible assets

13

5,188,766

4,831,395

Investments

14

-

-

6,717,628

6,632,313

CURRENT ASSETS

Stocks

15

2,317,168

2,128,651

Debtors

16

2,570,437

2,627,402

Cash at bank and in hand

2,618,260

784,570

7,505,865

5,540,623

CREDITORS

Amounts falling due within one year

17

2,527,482

2,656,026

NET CURRENT ASSETS

4,978,383

2,884,597

TOTAL ASSETS LESS CURRENT LIABILITIES

11,696,011

9,516,910

CREDITORS

Amounts falling due after more than one year

18

(1,697,572

)

(799,945

)

PROVISIONS FOR LIABILITIES

22

(885,572

)

(184,464

)

NET ASSETS

9,112,867

8,532,501

CAPITAL AND RESERVES

Called up share capital

23

850

850

Other reserves

24

58,880

2,857

Retained earnings

24

9,053,137

8,528,794

SHAREHOLDERS' FUNDS

9,112,867

8,532,501

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2026 and were signed on its behalf by:

Mr D A Bowie - Director

FIXED ASSETS

Intangible assets

12

-

-

Tangible assets

13

3,102,135

3,095,152

Investments

14

1,761,275

1,761,275

4,863,410

4,856,427

CURRENT ASSETS

Debtors

16

1,123,190

631,366

Cash at bank

65,933

20,860

1,189,123

652,226

CREDITORS

Amounts falling due within one year

17

747,980

2,027,175

NET CURRENT ASSETS/(LIABILITIES)

441,143

(1,374,949

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,304,553

3,481,478

CREDITORS

Amounts falling due after more than one year

18

1,586,995

662,941

NET ASSETS

3,717,558

2,818,537

CAPITAL AND RESERVES

Called up share capital

23

850

850

Other reserves

1,760,369

1,760,369

Retained earnings

1,956,339

1,057,318

SHAREHOLDERS' FUNDS

3,717,558

2,818,537

Company's profit for the financial year

1,896,866

1,681,868

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2026 and were signed on its behalf by:

Mr D A Bowie - Director

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 January 2024

800

8,050,013

-

8,050,813

Changes in equity

Increase in share capital

50

-

-

50

Merger reserve

-

-

690

690

Dividends

-

(677,375

)

-

(677,375

)

Total comprehensive income

-

1,156,156

2,167

1,158,323

Balance at 31 December 2024

850

8,528,794

2,857

8,532,501

Changes in equity

Merger reserve

-

-

(30

)

(30

)

Dividends

-

(997,845

)

-

(997,845

)

Total comprehensive income

-

1,522,188

56,053

1,578,241

Balance at 31 December 2025

850

9,053,137

58,880

9,112,867

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 January 2024

800

52,800

-

53,600

Changes in equity

Increase in share capital

50

-

-

50

Merger reserve

-

-

1,760,369

1,760,369

Dividends

-

(677,350

)

-

(677,350

)

Total comprehensive income

-

1,681,868

-

1,681,868

Balance at 31 December 2024

850

1,057,318

1,760,369

2,818,537

Changes in equity

Dividends

-

(997,845

)

-

(997,845

)

Total comprehensive income

-

1,896,866

-

1,896,866

Balance at 31 December 2025

850

1,956,339

1,760,369

3,717,558

Cash flows from operating activities

Cash generated from operations

1

3,467,225

3,108,761

Interest paid

(108,735

)

(69,713

)

Interest element of hire purchase payments paid

(16,385

)

(115

)

Tax paid

(503,612

)

(466,724

)

Net cash from operating activities

2,838,493

2,572,209

Cash flows from investing activities

Purchase of intangible fixed assets

(54,603

)

(729,621

)

Purchase of tangible fixed assets

(947,334

)

(2,547,856

)

Sale of tangible fixed assets

136,340

14,885

Interest received

45,581

29,255

Net cash from investing activities

(820,016

)

(3,233,337

)

Cash flows from financing activities

Bank loan advances

958,110

-

Bank loan repayments

-

167,866

Hire purchase advances

-

44,468

Hire purchase repayments

-

(17,000

)

Capital repayments in year

(5,792

)

-

Directors loan advance / repayment

(86,340

)

(113,754

)

Share issue

-

50

acquisition as subsidiary

-

888,120

Group loan advance / repayment

(52,920

)

79,919

Equity dividends paid

(997,845

)

(677,375

)

Net cash from financing activities

(184,787

)

372,294

Increase/(decrease) in cash and cash equivalents

1,833,690

(288,834

)

Cash and cash equivalents at beginning of year

2

784,570

1,073,404

Cash and cash equivalents at end of year

2

2,618,260

784,570

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

2,113,992

1,447,719

Depreciation charges

717,515

482,188

Profit on disposal of fixed assets

(4,139

)

(4,619

)

Legal provision

644,316

-

Impairment of fixed assets

66,907

923,271

Acquisition of associate to subsidiary

-

(8,223

)

Exchange rate adjustment on translation

56,712

2,167

Finance costs

125,120

69,828

Finance income

(45,581

)

69,531

3,674,842

2,981,862

Increase in stocks

(188,517

)

(274,165

)

Decrease/(increase) in trade and other debtors

56,965

(178,499

)

(Decrease)/increase in trade and other creditors

(76,065

)

579,563

Cash generated from operations

3,467,225

3,108,761

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

2,618,260

784,570

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

784,570

1,073,404