REGISTERED NUMBER: 12970657 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

VINCI CONSTRUCTION GEOINFRASTRUCTURE

PLANT AND FLEET SERVICES LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

4

Income Statement

7

Balance Sheet

8

Statement of Changes in Equity

9

Notes to the Financial Statements

10

DIRECTORS:

S Y S Riot

P Stossich

REGISTERED OFFICE:

50 Seymour Street

London

W1H 7JG

REGISTERED NUMBER:

12970657 (England and Wales)

AUDITORS:

Orcom Civvals Audit Limited

Chartered Accountants and

Statutory Auditors

50 Seymour Street

London

W1H 7JG

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

DIRECTORS

S Y S Riot 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:

P Stossich was appointed as a director after 31 December 2025 but prior to the date of this report.

N H M M Fleuriot and B P A Denizot ceased to be directors after 31 December 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing 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 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, Orcom Civvals Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

P Stossich - Director

30 September 2026

Opinion

We have audited the financial statements of Vinci Construction Geoinfrastructure Plant And Fleet Services Limited (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, 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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has 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 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; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, 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.

Extent to which the audit was considered capable of detecting irregularities, including fraud

We obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006 and taxation legislation.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals and reviewing account estimates for biases.

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.

Philip Jones (FCA) (Senior Statutory Auditor)

for and on behalf of Orcom Civvals Audit Limited

Chartered Accountants and

Statutory Auditors

50 Seymour Street

London

W1H 7JG

30 September 2026

TURNOVER

6,406,830

5,652,749

Cost of sales

(4,457,178

)

(4,207,866

)

GROSS PROFIT

1,949,652

1,444,883

Administrative expenses

(28,382

)

(7,192

)

OPERATING PROFIT

4

1,921,270

1,437,691

Interest receivable and similar income

28,869

1,381

1,950,139

1,439,072

Interest payable and similar expenses

(479,929

)

(503,795

)

PROFIT BEFORE TAXATION

1,470,210

935,277

Tax on profit

5

(368,218

)

(130,030

)

PROFIT FOR THE FINANCIAL YEAR

1,101,992

805,247

FIXED ASSETS

Tangible assets

6

10,745,936

13,260,813

CURRENT ASSETS

Debtors

7

3,814,389

3,295,354

CREDITORS

Amounts falling due within one year

8

(9,533,010

)

(12,432,216

)

NET CURRENT LIABILITIES

(5,718,621

)

(9,136,862

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,027,315

4,123,951

PROVISIONS FOR LIABILITIES

9

(260,986

)

(459,614

)

NET ASSETS

4,766,329

3,664,337

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

4,765,329

3,663,337

SHAREHOLDERS' FUNDS

4,766,329

3,664,337

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2026 and were signed on its behalf by:

P Stossich - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

1,000

2,858,090

2,859,090

Changes in equity

Total comprehensive income

-

805,247

805,247

Balance at 31 December 2024

1,000

3,663,337

3,664,337

Changes in equity

Total comprehensive income

-

1,101,992

1,101,992

Balance at 31 December 2025

1,000

4,765,329

4,766,329

1.	STATUTORY INFORMATION

Vinci Construction Geoinfrastructure Plant And Fleet Services 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.

Effective 4 February 2025, the company formerly known as Vinci Construction Terrassement Plant and Fleet Services Limited changed its name to Vinci Construction Geoinfrastructure Plant and Fleet Services Limited.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets over their estimated useful lives, on a straight line basis.

Plant and machinery - 20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

3,884,768

2,919,391

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

566,846

(10,557

)

Deferred tax

(198,628

)

140,587

Tax on profit

368,218

130,030

UK corporation tax was charged at 25%) in 2024.

Reconciliation of total tax charge 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 before tax

1,470,210

935,277

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

367,553

233,819

Effects of:

Expenses not deductible for tax purposes

112,765

729,848

Capital allowances in excess of depreciation

-

(876,837

)

Depreciation in excess of capital allowances

188,765

-

Utilisation of tax losses

-

(41,475

)

Adjustments to tax charge in respect of previous periods

-

(62,314

)

Deferred Tax

(198,628

)

146,989

Non trade Financial losses

(113,915

)

-

Tax adjustment

11,678

-

Total tax charge

368,218

130,030

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2025

17,890,643

Additions

1,369,891

At 31 December 2025

19,260,534

DEPRECIATION

At 1 January 2025

4,629,830

Charge for year

3,884,768

At 31 December 2025

8,514,598

NET BOOK VALUE

At 31 December 2025

10,745,936

At 31 December 2024

13,260,813

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

356,591

774,964

Other debtors

45,075

484,111

Amounts owed from group

entities

2,736,534

-

VAT

-

426,248

Prepayments and accrued income

676,189

1,610,031

3,814,389

3,295,354

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

164,034

-

Social security and other taxes

-

2,327

VAT

151,512

-

Other creditors

505,431

571,415

Amounts owed to group entities

8,514,435

11,700,266

Accruals and deferred income

197,598

158,208

9,533,010

12,432,216

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

260,986

459,614

Deferred

tax

£

Balance at 1 January 2025

459,614

Provided during year

(198,628

)

Balance at 31 December 2025

260,986

10.	RELATED PARTY TRANSACTIONS

The Company has taken advantage of the exemption available under FR102 from the disclosures relating to transactions with other group companies.

In the year, Balfour Beatty Vinci JV HS2, a joint venture for the HS2 project with Balfour Beatty and other Vinci group companies, was invoiced by the company in the amount of £6,406,830 (2024: £5,548,942). At the year-end date the amount due to the Company from Balfour Beatty Vinci JV HS2 amounted to £0 (2024: £545,078).

11.	CONTROLLING PARTY

At the reporting date the company's immediate parent undertaking was Vinci Construction Geoinfrastructure, a company incorporated in France.

The directors consider the ultimate controlling party at the reporting date to be Vinci SA a company registered in France.

Subsequent change: On 01 June 2026 the controlling interest changed. Please refer to Note 12 (Events after the end of reporting period) for further details.

12.	EVENTS AFTER THE END OF REPORTING PERIOD

On 01 June 2026 a change of contol of the company occurred. Vinci Construction Geoinfrastructure transferred its entire shareholding to Vinci Construction Grands Projects SAS, a company incorporated in France. Vinic SA remains the ultimate controlling party.This transaction is a non-adjusting event after data reporting period. There is no financial effect on the assets, liabilities, or results of the company as presented in these financial statements.