REGISTERED NUMBER: 04347292 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 March 2026

for

Breheny Group Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

9

Consolidated Income Statement

11

Consolidated Other Comprehensive Income

12

Consolidated Balance Sheet

13

Company Balance Sheet

14

Consolidated Statement of Changes in Equity

15

Company Statement of Changes in Equity

16

Consolidated Cash Flow Statement

17

Notes to the Consolidated Cash Flow Statement

18

Notes to the Consolidated Financial Statements

19

DIRECTORS:

J N E Breheny

S Aziz

SECRETARY:

S Aziz

REGISTERED OFFICE:

Flordon Road

Creeting St Mary

Ipswich

Suffolk

IP6 8NH

REGISTERED NUMBER:

04347292 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

The directors present their strategic report of the company and the group for the year ended 31 March 2026.

REVIEW OF BUSINESS

The UK construction industry forecast in 2025/26 was to experience growth of 1.9%. Actual industry growth figures were closer to 1.5%. Despite the downturn in the U.K growth forecast, we are pleased to report the Breheny Group accounts for 2025/26, have continued to produce results above the industry standard. This statistic keeps the Breheny Group in the top 100 civil engineering companies in the UK.

The financial performance of the Breheny Group has exceeded expectation and has bettered the previous year's results. This further strengthens our belief that our approach to pricing, risk and our investment in our people, help us deliver projects not only on budget, but to a high standard. The Breheny Group is regularly regarded as a preferred contractor and prides itself for winning repeat work from its existing client base.

BUSINESS OUTLOOK

Government forecasting is predicting a stronger recovery in infrastructure projects for 2026/27. We are optimistic that we will continue to produce results comparable with previous years.

We are continuing to invest in plant and machinery and more importantly our employees. We are also proactive in looking at ways to diversify our revenue streams.

Breheny Civil Engineering continues to be the flagship business within the group, however our groundworks and utilities companies, Terrasite and Networx respectively, continue to grow and flourish.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks of the business comprise:

Credit Risk

The group undertakes credit checks of new clients before entering into contracts and reviews continuously the credit ratings of existing clients. Credit risk is mitigated by securing parent and bank guarantees, working for a wide client base and maintaining positive cash balances.

Interest Rate and Liquidity Risks

The group reinvests profits to fund growth, develop the business and maintain positive cash balances. Therefore interest rate and liquidity risks are minimised.

Contractual Risk

The group is exposed to a variety of contractual risks according to the type of contract undertaken. Risks include: unknown ground conditions, adverse weather, material inflation and matching the client's requirements to the correct tender price. These risks are managed by regular contract reviews undertaken by the management team.

SECTION 172(1) STATEMENT

The revised UK Corporate Governance Code ('2018 Code') was published in July 2018 and applies to accounting

periods beginning on or after January 1, 2019. The Companies (Miscellaneous Reporting) Regulations 2018 ('2018

MRR') require Directors to explain how they considered the interests of key stakeholders and the broader matters set

out in section 172(1) (A) to (F) of the Companies Act 2006 ('S172') when performing their duty to promote the success of the Company under S172. This includes considering the interest of other stakeholders which will have an impact on the long-term success of the company. This S172 statement, which is reported for the first time, explains how Breheny Group Limited Directors:

- have engaged with employees, suppliers, customers and others; and

- have had regard to employee interests, the need to foster the group's business relationships with suppliers,

customers and other, and the effect of that regards, including on the principal decisions taken by the company during the financial year.

The S172 statement focuses on matters of strategic importance to the group, and the level of information disclosed is consistent with the size and the complexity of the business.

The Board of directors are aware of their responsibilities and when making decisions, each director ensures that they

act in the way that they consider in good faith, would most likely promote the Group's success for the benefit of its

members as a whole and in doing so has regard to:

S172(1) (A) The likely consequences of any decision in the long term. The investments set out in the review of the

business and research and development sections of the strategic report illustrate the long term focus of the directors.

S172(1) (B) The interests of the group's employees. Details of the way the group is set out in the employee

involvement section of the strategic report. The directors recognise that the employees are fundamental to the delivery of strategic ambitions and work closely with their representatives.

S172(1) (C) The need to foster the group's business relationships with suppliers, customers and others. Delivery of

strategic goals requires strong mutually beneficial relationships with suppliers, customers and other agencies. The

business continuously assesses the customer base within the context of business strategy and the management team ensures that these relationships are maintained.

S172(1) (D) The impact of the group's operations on the community and the environment. The group considers

its energy usage looking to make efficiencies where possible. The group continues to invest resources to reduce the

amount of raw materials we use in our activities.

S172(1) (E) The desirability of the group maintaining a reputation for high standards of business conduct.

Compliance with relevant governance standards helps assure that the correct decision are made by the board which

promote high standards of business conduct.

S172(1) (F) The need to act fairly between members of the group. The directors consider all factors when

determining the best course of action to deliver the Group's long term strategic goals. The impact on all stakeholders

is considered as fairly as possible in the interest of the Group.

KEY PERFORMANCE INDICATORS

Financial

The Group measures its financial performance against a selected group of civil engineering companies. The Key Performance Indicators used include: Current Ratio, Quick Ratio (Acid Test), Net Profit Margin, Return on Assets and Net Worth. For the current year the Current Ratio stood at 1.54 (2025: 1.59) and the Gross Profit Margin was 13.8% (2025: 11.7%).

Non-Financial

The Group also measures its performance using non-financial indicators. The Key Performance Indicators measured include:

Safety: Accident Incidence Rate, Accident Frequency Rate, Service Strike Frequency Rate and Employee CSCS Card Percentage.

Environment: Environmental Incidents, CO2 Emissions, Office Water Use, Waste Production and Recycled Aggregate Use.

Client Satisfaction: Upon completion of a contract clients are surveyed to determine their satisfaction with the competed project across a range of criteria. The criteria include: Quality of Work, Completion on Time, Teamwork and Savings and Innovation.

ON BEHALF OF THE BOARD:

S Aziz - Secretary

15 October 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of civil engineering.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2026.

DIRECTORS

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

J N E Breheny

S Aziz

DISABLED EMPLOYEES

The Group gives full consideration to applications for employment from disabled persons where the requirement of the job can be adequately fulfilled by a handicapped or disabled person.

Where existing employees become disabled, it is the Group's policy wherever practical to provide continuing employment under normal terms and conditions and to provide training and carer development and promotion to disabled employees wherever appropriate.

EMPLOYEE INVOLVEMENT

During the year, the policy of providing employees with information about the Group has continued. Employees have also been encouraged to present their suggestions and views.

GREENHOUSE GAS EMISSIONS, ENERGY CONSUMPTION & ENERGY EFFICIENCY

The details below are base on the calender years.

Carbon Dioxide Emissions

The UK annual quantity of emissions in tonnes of carbon dioxide equivalent resulting from activities for which the company is responsible involving the consumption of gas was 8.88 tonnes (2024: 5.84 tonnes).

The quantity involving the consumption of fuel for the purposes of transport was 4,513.21 (2024: 5,827.01) tonnes.

The quantity involving the purchase of electricity for the company's own use, including for the purposes of transport was 130.12 tonnes (2024: 119.64 tonnes).

kWh Usage

The aggregated kWh of UK annual energy consumed from activities for which the company is responsible involving combustion of gas was 48,549 kWh (2024: 31,932 kWh).

The quantity involving the consumption of fuel for the purposes of transport was 19,633,393 kWh (2024: 24,356,524 kWh).

The quantity involving the purchase of electricity by the company for its own use, including for the purposes of transport was 633,475 kWh (2024: 534,259 kWh).

Methodology

Energy consumption is determined from meter readings and invoices received for the given year being assessed. CO2 emissions are determined using the appropriate conversion factor for energy type obtained from UK Government information for company reporting of greenhouse gas emissions.

Ratios

In order to effectively manage the energy performance of the Company's facilities, systems, processes and equipment, management consider mWh per £million of turnover to be the key energy performance indicator (EnPI). The ratios for this year are as follows:

Energy type

EnPl

2024 ratio

2024 ratio

Gas oil

MWh/£Million turnover

-

-

Diesel

MWh/£Million turnover

1,915.56

1,915.56

Petrol

MWh/£Million turnover

6.92

6.92

Natural Gas

MWh/£Million turnover

4.49

4.49

Electricity

MWh/£Million turnover

39.20

42.76

Biomass

MWh/£Million turnover

21.22

21.22

Measures taken to improve efficiency

The following environmental management measures and projects have been completed or implemented since the 2018 baseline.

- All BCE owned premises have had their fluorescent lighting replaced with LEDs;

- EVs added to company car scheme;

- Charge Points for EVs have been installed at Breheny regional offices;

- Microsoft Teams has been utilised within the business to enable internal and external meetings to be held online.

Reporting limitations

Under our current reporting mechanisms energy data can only be collated annually, it is not possible at the moment to identify seasonal trends. This is currently being addressed.

ENGAGEMENT WITH EMPLOYEES

The Welfare of our Employees

One of Breheny's major strengths it that it always has maintained the feel of a family run business. Directors and Senior Managers engage with it's workforce on a personal and professional level to bring out the best in not only employee but employer as well.

The stress and pressure of working in a challenging industry coupled with economic issues has driven understanding to ensure that mental health and wellbeing are at the forefront of the employment policy. We continue to offer Employee Assistance Programs (EAP) and Mental Health Programmes to our work force which has had a positive impact.

Communication

The group promotes an open door policy. Due to positive management, we encourage our staff to express ideas

and opinions for the betterment of the work place and individual. Group updates and workshops are held on a

regular basis to enforce group policy and to invite suggestion from all employees. It has been found that investing in

people has ensured job satisfaction and has enhanced the work place.

Health and Safety

The Group's behavioural safety initiative is called "Think Safe, Work Safe, Home Safe". This system is all

encompassing as it focuses both on safe and unsafe acts. This programme incorporates the principles of visible felt

leadership and utilises workplace observations and discussion to generate the necessary changes in behaviour at the point of work.

Financial and Economic Factors

Communication with our employees is critical at all times, not just in times of economic hardship. Through all forms of

communication, the group informs the work force of the negative and positive factors which impacts our industry and

ultimately the group. In order to maintain morale and certainty, this is paramount to ensuring we have a successful

workplace.

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;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	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 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.

ON BEHALF OF THE BOARD:

S Aziz - Secretary

15 October 2026

Opinion

We have audited the financial statements of Breheny Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2026 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 March 2026 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 seven, 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:

Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material misstatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- We plan our work to gain an understanding of the significant laws and regulations that are of significance to the entity and the sector in which they operate. We perform our work to ensure that the entity is complying with its legal and regulatory framework.

- We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and people charged with governance.

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

- Substantive procedures performed in accordance with the ISAs (UK).

- Challenging assumptions and judgments made by management in its significant accounting estimates.

- Identifying and testing journal entries, in particular material journal entries and an assessment of year end journals.

- Assessing the extent of compliance with the relevant laws and regulations.

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.

Kevin Shaw BSc FCA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

15 October 2026

TURNOVER

134,953,812

146,174,658

Cost of sales

116,274,280

129,047,214

GROSS PROFIT

18,679,532

17,127,444

Administrative expenses

15,606,929

14,391,992

3,072,603

2,735,452

Other operating income

3

311,501

243,072

Gain/loss on revaluation of investments

-

77,000

OPERATING PROFIT

5

3,384,104

3,055,524

Interest receivable and similar income

6

778,886

790,126

4,162,990

3,845,650

Interest payable and similar expenses

7

62,940

9,103

PROFIT BEFORE TAXATION

4,100,050

3,836,547

Tax on profit

8

1,292,433

1,145,087

PROFIT FOR THE FINANCIAL YEAR

2,807,617

2,691,460

Profit attributable to:

Owners of the parent

2,782,382

2,634,567

Non-controlling interests

25,235

56,893

2,807,617

2,691,460

PROFIT FOR THE YEAR

2,807,617

2,691,460

OTHER COMPREHENSIVE INCOME

Impairment of tangible fixed assets

(165,271

)

-

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

(165,271

)

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,642,346

2,691,460

Total comprehensive income attributable to:

Owners of the parent

2,617,111

2,634,566

Non-controlling interests

25,235

56,894

2,642,346

2,691,460

FIXED ASSETS

Intangible assets

11

311,146

317,490

Tangible assets

12

13,000,750

10,709,177

Investments

13

489,200

489,200

Investment property

14

1,620,000

1,620,000

15,421,096

13,135,867

CURRENT ASSETS

Stocks

15

4,489,483

5,015,663

Debtors

16

38,312,906

36,659,724

Cash at bank

23,752,659

19,036,018

66,555,048

60,711,405

CREDITORS

Amounts falling due within one year

17

43,332,346

38,254,261

NET CURRENT ASSETS

23,222,702

22,457,144

TOTAL ASSETS LESS CURRENT LIABILITIES

38,643,798

35,593,011

CREDITORS

Amounts falling due after more than one year

18

(276,875

)

(90,665

)

PROVISIONS FOR LIABILITIES

21

(1,626,912

)

(1,404,681

)

NET ASSETS

36,740,011

34,097,665

CAPITAL AND RESERVES

Called up share capital

22

800,000

800,000

Revaluation reserve

23

168,613

336,896

Capital redemption reserve

23

200,000

200,000

Fair value reserve

23

683,229

683,229

Retained earnings

23

34,592,065

31,806,671

SHAREHOLDERS' FUNDS

36,443,907

33,826,796

NON-CONTROLLING INTERESTS

24

296,104

270,869

TOTAL EQUITY

36,740,011

34,097,665

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2026 and were signed on its behalf by:

J N E Breheny - Director

FIXED ASSETS

Intangible assets

11

-

-

Tangible assets

12

1,712,417

1,274,970

Investments

13

4,575,108

4,575,104

Investment property

14

1,620,000

1,620,000

7,907,525

7,470,074

CURRENT ASSETS

Debtors

16

10,211,356

5,474,474

Cash at bank

339,920

251,355

10,551,276

5,725,829

CREDITORS

Amounts falling due within one year

17

1,407,705

87,709

NET CURRENT ASSETS

9,143,571

5,638,120

TOTAL ASSETS LESS CURRENT LIABILITIES

17,051,096

13,108,194

PROVISIONS FOR LIABILITIES

21

54,950

56,139

NET ASSETS

16,996,146

13,052,055

CAPITAL AND RESERVES

Called up share capital

22

800,000

800,000

Revaluation reserve

23

168,613

336,896

Capital redemption reserve

23

100,000

100,000

Fair value reserve

23

683,229

683,229

Retained earnings

23

15,244,304

11,131,930

SHAREHOLDERS' FUNDS

16,996,146

13,052,055

Company's profit for the financial year

4,109,362

2,613,406

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2026 and were signed on its behalf by:

J N E Breheny - Director

Called up

Capital

share

Retained

Revaluation

redemption

capital

earnings

reserve

reserve

£

£

£

£

Balance at 1 April 2024

800,000

29,257,816

343,184

200,000

Changes in equity

Dividends

-

(15,000

)

-

-

Total comprehensive income

-

2,563,855

(6,288

)

-

Balance at 31 March 2025

800,000

31,806,671

336,896

200,000

Changes in equity

Total comprehensive income

-

2,785,394

(168,283

)

-

Balance at 31 March 2026

800,000

34,592,065

168,613

200,000

Fair

value

Non-controlling

Total

reserve

Total

interests

equity

£

£

£

£

Balance at 1 April 2024

606,229

31,207,229

213,975

31,421,204

Changes in equity

Dividends

-

(15,000

)

-

(15,000

)

Total comprehensive income

77,000

2,634,567

56,894

2,691,461

Balance at 31 March 2025

683,229

33,826,796

270,869

34,097,665

Changes in equity

Total comprehensive income

-

2,617,111

25,235

2,642,346

Balance at 31 March 2026

683,229

36,443,907

296,104

36,740,011

Called up

share

Retained

Revaluation

capital

earnings

reserve

£

£

£

Balance at 1 April 2024

800,000

8,589,236

343,184

Changes in equity

Total comprehensive income

-

2,542,694

(6,288

)

Balance at 31 March 2025

800,000

11,131,930

336,896

Changes in equity

Total comprehensive income

-

4,112,374

(168,283

)

Balance at 31 March 2026

800,000

15,244,304

168,613

Capital

Fair

redemption

value

Total

reserve

reserve

equity

£

£

£

Balance at 1 April 2024

100,000

606,229

10,438,649

Changes in equity

Total comprehensive income

-

77,000

2,613,406

Balance at 31 March 2025

100,000

683,229

13,052,055

Changes in equity

Total comprehensive income

-

-

3,944,091

Balance at 31 March 2026

100,000

683,229

16,996,146