RBR Group Limited

	Page
Strategic Report	1—2
Directors' Report	3—4
Independent Auditor's Report	5—7
Consolidated Statement of Comprehensive Income	8
Consolidated Balance Sheet	9—10
Company Balance Sheet	11—12
Consolidated Statement of Changes in Equity	13
Company Statement of Changes in Equity	14
Consolidated Statement of Cash Flows	15
Notes to the Consolidated Statement of Cash Flows	16
Notes to the Financial Statements	17—32

The directors present their strategic report for the year ended 28 February 2026.

Principal Activity

RBR Group Ltd is a trading group with companies that, over their 25 years of history, provide the very best leisure opportunities to its worldwide database of customers, from tailor-made holidays to outstanding field sports experiences around the globe.

The results for the Group show a consolidated profit before taxation of £131,598 (2025 - profit £249,529) The statement of comprehensive income for the year is set out on the following pages.

On the 18th March 2025 the company purchased and subsequently cancelled 88,463 ordinary A shares for £0.69 pence per share.

The company's registered office is at 25 High Street, Hungerford, RG17 0NF.

Review of the Business

On 1st March 2025 the fishing division which had previously traded within Roxton Bailey Robinson Limited was de-merged into Roxtons Fishing Limited which became a subsidiary of Bailey Robinson Holdings Limited. As a result all ATOL bonded travel businesses will be consolidated within a single group entity. Furthermore the fishing division will have greater visibility over its revenune and costs.

Roxtons Bailey Robinson Limited is now the corporate entity which provides extensive access to the world's best shoots. The team have hosted, run and managed shoots across the UK and know precisely what venue will suit each client. They know the best hotels and private houses to stay in and they can provide a host of other services to ensure that the clients' have a day to remember. For those wishing to travel overseas the division has exclusive access to estates in other countries such as Spain and Argentina. It has two subsidiaries RBR Arden Shoot Limited and RBR Badminton Shoot Limited which lease and manage sporting estates.

Ian Coley Sporting Limited had early beginnings as a sporting retailer on Cheltenham High Street before moving to its current location West of Andoversford in Gloucestershire. Six-time Olympic coach, Ian is widely regarded as one of the world's top shots and the purpose built clay ground that he built is among the finest clay shooting establishments in the UK. With 29 stands set within mature woodland, it is ideal for individual practice or expert and friendly tuition ensuring the variety of shooting is perfect for beginners, aspiring Olympians or a corporate day out. The sporting agency provides bespoke shooting opportunities on some of the UK's most famous estates as well as further afield in Spain and Argentina. The re-development of the shooting school was completed in May 2023. The additional space houses an entertainment suite, a café and an extended retail section. The enlarged gun room displays one of the largest selections of quality new and second-hand guns in the UK with up to 1,000 guns on display at any one time. A key feature of the gun shop is the ability for customers to try out and have a gun fitted before they buy. The gun room sold 1,033 guns during the year (2025 - 1050 guns, 2024 - 917 guns). The sale of clothes and accessories continues to make a significant contribution to gun room revenue as does the website "Ian Coley Country"

Roxtons Fishing Limited has unrivalled knowledge of every top class fishing destination in the world. Its team have managed lodges, operated rivers and opened up new destinations. The team continually travel to destinations that we recommend and constantly strive to find new and exciting product that we can add to our portfolio so that we always know where the discerning rod should be fishing from one month to the next.

Bailey Robinson Limited is a luxury travel company that aspires to evoke the golden age of travel when people were treated as individuals and the world was waiting to be discovered.

Real Holidays Travel Agency Limited was founded in Islington, North London in 1989 to create personalised experiences to all corners of the globe and is built on a foundation of long-standing relationships with both customers and local contacts around the world.

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RBR Group Limited

Strategic Report (continued)

For The Year Ended 28 February 2026

Principal Risks and Uncertainties

The business risks facing the Group are as follows:

Safety

In some companies within the Group intemperate weather makes it unsafe for an event or holiday to roceed and it may have to be delayed or cancelled. The Group strives to ensure that safety it paramount and works with its suppliers and ground handlers to make it so.

Package Tour Operator Liability

Most of the company’s bookings are covered under the Package Travel and Linked Travel Arrangement Regulations 2018. In such cases our obligations to our customer start and finish at the departure point, most usually an airport. Any event, such as intemperate weather, industrial action or airline failure, political unrest or natural disasters impacts on our business. The Company, as the tour operator, is responsible for our bonded customers until they can be returned to their point of departure.The conflict in the Middle East in February 2026 and restriction of flights into Venezuela November 2025 resulted in

potential liabilities arising under these regulations. The cost to the group was £72k (2025- £nil).

Foreign Exchange Risk

The company purchases much of its product in the foreign currencies listed in the table below. The high / low range has varied by as much as 18.57% over the course of the financial period. These sharp fluctuations can make product planning and pricing difficult although the company reviews its internal exchange rates on a weekly basis to ensure that it is both competitive in its pricing and is able to stand by the booking quotes that it has given. Once bookings are confirmed foreign exchange contracts are used to manage foreign exchange risk as soon as currency requirements are material enough to justify entering into such contracts.

Currency	US Dollar	Euro	South African Rand
Sport rate at 28th February 2026	1.3443	1.1386	21.4005
Period high	1.3790	1.2112	25.3753
Period low	1.2699	1.1314	21.4005
High - Low range	0.1091	0.0798	3.9748
% High / Low range against spot at 28th February 2026	8.12%	6.44%	18.57%

Political Risk & Legislation

The current administration and the shift of public opinion may lead to stricter regulations or licensing requirements.

The Group continually monitors risks that may impact their sporting businesses and works with its suppliers to improve stewardship and land management practices; promote the socio-economic impacts, so that the sport can continue without legislative intervention.

Business Environment

The changes in the GBP exchange rate has inevitably made many of the Group's products and services more expensive for our UK customers. This has been mitigated by our overseas customers and to a certain extent by the passion of our customers for field sports or the mere desire not to compromise on the quality over price of an overseas destination. Nonetheless the Group continues to rely on a growing global economy and stable local economic environment to ensure that its customers continue to invest in its products and services.

Dividends

The value of dividends paid amounted to £78,217 .

The directors recommended a final dividend of £NIL .

By order of the board

H C Parker

Company Secretary

27th July 2026

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RBR Group Limited

Company No. 09952535

Directors' Report For The Year Ended 28 February 2026

Directors' Report

The directors present their report and the financial statements for the year ended 28 February 2026.

Directors

The directors who held office during the year were as follows:

J W Duncan
C A White
G L Stephenson
A H Murray
R I Pilkington
B C Foster	Appointed	25/03/2025
A C Bromfield
M R Norman	Appointed	25/03/2025
D J Marshall

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, 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 and 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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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RBR Group Limited

Directors' Report (continued)

For The Year Ended 28 February 2026

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company and group's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company and group's auditors are aware of that information.

Independent Auditors

The auditors, James Cowper Kreston Audit, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

By order of the board

H C Parker

Company Secretary

27th July 2026

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Independent Auditor's Report

to the Members of

RBR Group Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of RBR Group Limited (the "parent company") and its subsidiaries (the "group") for the year ended 28 February 2026 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes of Equity, Company Statement of Changes of Equity, Consolidated Cash Flow Statement and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the group's and of the parent company's affairs as at 28 February 2026 and of the group's profit/(loss) 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 group and parent company's ability to continue as a going concern for a period of at least 12 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 other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

RBR Group Limited

Matters on Which We Are Required to Report by Exception

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

We have nothing to report in respect of the following matters in relation to which 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 or 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 Directors' Responsibilities Statement set out on page 3—4, 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 is 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 and 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.

Auditor's 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 an auditor's report 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.

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.

The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:

Enquiry of management and those charged with governance around actual and potential litigation and claims;
Enquiry of management and those charged with governance to identify any material instances of noncompliance with laws and regulations;
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.

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

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Independent Auditor's Report (continued)

to the Members of

RBR Group Limited

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 that we are required to state to them in an auditor's report 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.

Darren O’Connor BSc (Hons), FCCA, ACA (Senior Statutory Auditor)

for and on behalf of James Cowper Kreston Audit , Statutory Auditor

27th July 2026

James Cowper Kreston Audit

2 Communications Road

Greenham Business Park

Newbury

RG19 6AB

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RBR Group Limited

Consolidated Statement of Comprehensive Income

For The Year Ended 28 February 2026

Consolidated Statement of Comprehensive Income

		2026	2025
	Notes	£	£
TURNOVER		25,735,193	25,232,065
Cost of sales		(19,895,315 )	(19,582,928 )

GROSS PROFIT		5,839,878	5,649,137

Administrative expenses		(5,702,252 )	(5,346,359 )
Other operating income		24,000	16,000

OPERATING PROFIT	4	161,626	318,778
Profit on disposal of fixed assets		17,998	11,599
Other interest receivable and similar income	9	52,971	63,699
Interest payable and similar charges	10	(100,997 )	(144,547 )

PROFIT BEFORE TAXATION		131,598	249,529
Tax on Profit	11	(116,830 )	(177,018 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT		14,768	72,511
OTHER COMPREHENSIVE INCOME FOR THE YEAR		-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT		14,768	72,511

The notes on pages 16 to 32 form part of these financial statements.

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RBR Group Limited

Consolidated Balance Sheet

As At 28 February 2026

Consolidated Balance Sheet

Registered number: 09952535

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	12		121,851		421,357
Tangible Assets	13		3,465,762		3,685,432
Investment Properties	14		300,000		-

			3,887,613		4,106,789
CURRENT ASSETS
Stocks	16	2,626,072		2,371,001
Debtors	17	6,989,881		5,801,923
Cash at bank and in hand		3,597,284		4,325,988

		13,213,237		12,498,912
Creditors: Amounts Falling Due Within One Year	18	(10,801,676 )		(9,715,671 )

NET CURRENT ASSETS (LIABILITIES)			2,411,561		2,783,241

TOTAL ASSETS LESS CURRENT LIABILITIES			6,299,174		6,890,030

Creditors: Amounts Falling Due After More Than One Year	19		(1,223,189 )		(1,730,885 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	22		(127,608 )		(86,279 )

NET ASSETS			4,948,377		5,072,866

CAPITAL AND RESERVES
Called up share capital	24		111,891		112,776
Share premium account			3,169,539		3,229,694
Revaluation reserve	29		83,561		83,561
Merger reserve			836,560		836,560
Profit and Loss Account			746,826		810,275

SHAREHOLDERS' FUNDS			4,948,377		5,072,866

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RBR Group Limited

Consolidated Balance Sheet (continued)

As At 28 February 2026

On behalf of the board

A H Murray

Director

27th July 2026

The notes on pages 16 to 32 form part of these financial statements.

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RBR Group Limited

Company Balance Sheet

As At 28 February 2026

Company Balance Sheet

Registered number: 09952535

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	13		77,779		21,645
Investments	15		4,797,868		4,797,868

			4,875,647		4,819,513
CURRENT ASSETS
Debtors	17	495,321		1,200,552
Cash at bank and in hand		106,674		185,682

		601,995		1,386,234
Creditors: Amounts Falling Due Within One Year	18	(455,791 )		(699,020 )

NET CURRENT ASSETS (LIABILITIES)			146,204		687,214

TOTAL ASSETS LESS CURRENT LIABILITIES			5,021,851		5,506,727

Creditors: Amounts Falling Due After More Than One Year	19		(1,086,250 )		(1,492,968 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	22		(18,687 )		(4,487 )

NET ASSETS			3,916,914		4,009,272

CAPITAL AND RESERVES
Called up share capital	24		111,891		112,776
Share premium account			3,169,539		3,229,694
Profit and Loss Account			635,484		666,802

SHAREHOLDERS' FUNDS			3,916,914		4,009,272

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RBR Group Limited

Company Balance Sheet (continued)

As At 28 February 2026

In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's profit for the year was £ 46,899 (2025: £ 117,884 profit).

On behalf of the board

A H Murray

Director

27th July 2026

The notes on pages 16 to 32 form part of these financial statements.

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RBR Group Limited

Consolidated Statement of Changes in Equity

For The Year Ended 28 February 2026

Consolidated Statement of Changes in Equity

	Share Capital	Share Premium	Revaluation reserve	Merger reserve
	£	£	£	£
As at 1 March 2024	112,776	3,229,694	83,561	836,560
Profit for the year and total comprehensive income	-	-	-	-

As at 28 February 2025 and 1 March 2025	112,776	3,229,694	83,561	836,560


Profit for the year and total comprehensive income	-	-	-	-

Dividends paid	-	-	-	-
Purchase of own shares	(885 )	(60,155 )	-	-

As at 28 February 2026	111,891	3,169,539	83,561	836,560

	Profit and Loss Account	Total
	£	£
As at 1 March 2024	737,764	5,000,355
Profit for the year and total comprehensive income	72,511	72,511

As at 28 February 2025 and 1 March 2025	810,275	5,072,866


Profit for the year and total comprehensive income	14,768	14,768

Dividends paid	(78,217)	(78,217)
Purchase of own shares	-	(61,040)

As at 28 February 2026	746,826	4,948,377

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RBR Group Limited

Company Statement of Changes in Equity

For The Year Ended 28 February 2026

Company Statement of Changes in Equity

	Share Capital	Share Premium	Profit and Loss Account	Total
	£	£	£	£
As at 1 March 2024	112,776	3,229,694	548,918	3,891,388
Profit for the year and total comprehensive income	-	-	117,884	117,884

As at 28 February 2025 and 1 March 2025	112,776	3,229,694	666,802	4,009,272


Profit for the year and total comprehensive income	-	-	46,899	46,899

Dividends paid	-	-	(78,217)	(78,217)
Purchase of own shares	(885 )	(60,155 )	-	(61,040)

As at 28 February 2026	111,891	3,169,539	635,484	3,916,914

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RBR Group Limited

Consolidated Statement of Cash Flows

For The Year Ended 28 February 2026

Consolidated Statement of Cash Flows

		2026	2025
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	526,682	1,702,528
Interest paid		(100,997 )	(144,546 )
Tax paid		(158,249 )	(37,416 )

Net cash generated from operating activities		267,436	1,520,566

Cash flows from investing activities
Purchase of tangible assets		(334,375 )	(151,634 )
Proceeds from disposal of tangible assets		21,542	21,000
Interest received		52,971	63,699

Net cash used in investing activities		(259,862 )	(66,935 )

Cash flows from financing activities
Purchase/redemption of own shares		(61,040 )	-
Equity dividends paid		(78,217 )	-
Repayment of bank borrowings		(292,636 )	(292,637 )
Repayment of other loans		(355,800)	(177,901)
Proceeds of finance leases		51,415	-

Net cash used in financing activities		(736,278 )	(470,538 )



(Decrease)/increase in cash and cash equivalents		(728,704 )	983,093
Cash and cash equivalents at beginning of year	2	4,325,988	3,342,895

Cash and cash equivalents at end of year	2	3,597,284	4,325,988

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RBR Group Limited

Notes to the Consolidated Statement of Cash Flows

For The Year Ended 28 February 2026

Notes to the Consolidated Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2026	2025
	£	£
Profit for the financial year	14,768	72,511
Adjustments for:
Tax on profit	116,830	177,018
Interest expense	100,997	144,546
Interest income	(52,971 )	(63,699 )
Amortisation of intangible assets	299,506	304,715
Depreciation of tangible assets	250,501	251,000
Profit on disposal of tangible assets	(17,998)	(11,599)
Movements in working capital:
Increase in stocks	(255,071 )	(107,065 )
(Increase)/decrease in trade and other debtors	(1,187,958 )	789,225
Increase in trade and other creditors	1,258,078	145,876

Net cash generated from operations	526,682	1,702,528

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2026	2025
	£	£
Cash at bank and in hand	3,597,284	4,325,988

3. Analysis of changes in net funds

	As at 1 March 2025	Cash flows	As at 28 February 2026
	£	£	£
Cash at bank and in hand	4,325,988	(728,704)	3,597,284
Finance leases	-	(51,415)	(51,415)
Debts falling due within one year	(470,536 )	241,718	(228,818 )
Debts falling due after more than one year	(1,492,968)	406,718	(1,086,250)

	2,362,484	(131,683)	2,230,801

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RBR Group Limited

Notes to the Financial Statements

For The Year Ended 28 February 2026

Notes to the Financial Statements

1. General Information

RBR Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09952535 . The registered office is The Courtyard, 25 High Street, Hungerford, Berkshire, RG17 0NF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Basis Of Consolidation

The RBR Group consolidated financial statements include the financial statements of the RBR Group Limited and all its subsidiary undertakings. The existing entities within the Group trade coterminously to the end of February each year. The following bases have been used to consolidate them.

Roxton Bailey Robinson Limited - has been consolidated using the merger accounting principles.

RBR Arden Limited - has been consolidated using the acquisition accounting principles.

RBR Badminton Limited - has been consolidated using the acquisition accounting principles.

Ian Coley Sporting Limited - has been consolidated using the acquisition accounting principles.

Bailey Robinson Limited - has been consolidated using the merger accounting principles.

Real Holidays Travel Agency Limited - has been consolidated using the merger accounting principles taking into account its pre-acquisition reserves when it was acquired in 2011.

Roxtons Fishing Limited - has been consolidated using the acquisition accounting principles.

A subsidiary is an entity controlled by the Group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where a subsidiary has different accounting policies to the Group, adjustments are made to those subsidiary financial statements to apply to the Group's accounting policies when preparing the consolidated financial statements

All intra-Group transactions, balances, income and expenses are eliminated on consolidation.

2.3. Business Combinations

Business combinations are accounted for by applying the purchase method.

The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination. Where control is achieved in stages the cost is the consideration at the date of each transaction.

Contingent consideration is initially recognised at estimated amount where the consideration is probable and can be measured reliably. Where (i) the contingent consideration is not considered probable or cannot be reliably measured but subsequently becomes probable and measurable or (ii) contingent consideration previously measured is adjusted, the amounts are recognised as an adjustment to the cost of the business combination.

On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Intangible assets are only recognised separately from goodwill where they are separable and arise from contractual or other legal rights. Where the fair value of contingent liabilities cannot be reliably measured they are disclosed on the same basis as other contingent liabilities.

Page 17

Page 18

RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.4. Significant judgements and estimations

The preparation of the financial statements requires management to make estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following have had the most significant effect on amounts recognised in the financial statements:

a) Goodwill is amortised over its useful life of not more than 10 years. Goodwill is assessed for impairment when there are indicators that the underlying acquisition is not performing as it was originally planned.

b) Investment property is valued at an 8% yield on its gross rental income. The valuation will be reviewed annually in line with the yields of similar local commercial properties.

c) Investments are stated at consideration paid plus directly attributable cost of acquisition. The performance of investments is reviewed and if there is evidence that their value is impaired adjustments are charged to the income statement.

d) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values may vary depending on a number of factors.

e) Bad debt provisions are estimated by the company in respect of specific debts based upon the age of the debt and knowledge of known issues.

f) Stock provisions are estimated by the company in respect of specific stocks based upon the age of the stock and knowledge of known issues.

2.5. Turnover

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

A significant amount of the Group's transactions relate to events, holidays or goods which are delivered at a future date. In such cases the revenue relating to such transactions is recorded in deferred income and associated expenses are recorded in deferred costs. Once the date the event or holiday has commenced, or the goods have been despatched the turnover and cost of sale is recognised by transferring the respective balances from deferred income and deferred costs.

When sales revenue is recognised but the costs relating to the sale have yet to be completed the full cost of sale is recorded with any outstanding amount accounted for within trading cost accruals in the balance sheet.

2.6. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill recognised represents the excess of fair value and directly attributable costs of the purchase consideration the fair values to the Group's interests in the identifiable net assets, liabilities and contingent liabilities acquired.

Goodwill is amortised over its expected useful life. Where the Group is unable to make a reliable estimate of useful life, goodwill is amortised over a period not exceeding 10 years. Goodwill is assessed for impairment when there there are indicators of impairment and any impairment is charged to the income statement. Reversals of impairment are recognised where the reasons for the impairment no longer apply.

The Group's goodwill is currently amortised at between 8 and 10 years.

2.7. Intangible Fixed Assets and Amortisation - Other Intangible

The other intangibles arise from payments in May 2019 to acquire basic payment scheme (BPS) entitlements by RBR Arden Shoot Limited when the company adopted the farming interests over the land that it leases. They are amortised to the profit and loss account over its estimated economic life of 3 years.

Page 18

Page 19

RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.8. Tangible Fixed Assets and Depreciation

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.

Land and buildings and improvments to property

Freehold property comprises freehold land and is stated at cost plus revalued amounts less accumulated impairment losses. Improvements to property comprises improvements to the freehold land and buildings and is stated at cost plus revalued amounts less accumulated impairment losses. Freehold land is not depreciated.

Fixtures and fittings, plant and machinery, motor vehicles and computer equipment

Fixtures and fittings, plant and machinery, motor vehicles and Computer equipment and are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation and residual values

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The estimated useful lives range as follows:

Freehold	Between 8 and 100 years
Plant & Machinery	between 3 and 5 years
Motor Vehicles	between 3 and 5 years
Fixtures & Fittings	between 5 and 15 years
Computer Equipment	between 3 and 5 years

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.

Subsequent additions

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is disposed.

Repairs and maintenance are charged to administrative expenses in the period in which they are incurred.

Subsequent disposals

Assets which, in the opinion of the management, have come to the end of their useful lives are disposed of. Gains and losses on disposed assets are entered' in the income statement and shown in the operating profit/(loss) disclosure.

2.9. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.10. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the group. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

Page 19

Page 20

RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.11. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.12. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.13. Interest Receivable

Interest income is recognised in the Profit and Loss Account using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to the net carrying amount of the financial asset or liability.

2.14. Interest Payable

Interest expenditure is recognised in the Profit and Loss Account using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to the net carrying amount of the financial asset or liability.

2.15. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.16. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

Page 20

Page 21

RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.17. Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

3. Other Operating Income

	2026	2025
	£	£
Rental income	24,000	16,000

	24,000	16,000

4. Operating Profit

The operating profit is stated after charging:

	2026	2025
	£	£
Bad debts	(777)	1,892
Research and Development Costs	34,387	43,902
Exchange differences	14,608	4,983
Depreciation of tangible fixed assets	250,501	251,000
Amortisation of intangible fixed assets	299,506	304,715

5. Auditor's Remuneration

Remuneration received by the group's auditors and their associates during the year was as follows:

	2026	2025
	£	£
Audit Services
Audit of the company's financial statements	58,400	53,900

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	Group		Company
	2026	2025	2026	2025
	£	£	£	£
Wages and salaries	3,026,123	2,888,447	59,782	32,427
Social security costs	373,360	301,244	4,249	1,017
Other pension costs	235,793	234,081	-	-

	3,635,276	3,423,772	64,031	33,444

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	Group		Company
	2026	2025	2026	2025
Office and administration	68	61	4	3

	68	61	4	3

Page 21

Page 22

RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

8. Directors' remuneration

	2026	2025
	£	£
Emoluments	581,602	629,937
Company contributions to money purchase pension schemes	43,492	47,092

	625,094	677,029

The number of directors to whom retirement benefits were accruing was as follows:

	2026		2025
Money purchase pension schemes	5		5

Information regarding the highest paid director was as follows:

	2026	2025
	£	£
Emoluments	124,501	120,457
Company contributions to money purchase pension schemes	9,135	8,895

	133,636	129,352

9. Interest Receivable and Similar Income

	2026	2025
	£	£
Bank interest receivable	52,971	63,699

10. Interest Payable and Similar Charges

	2026	2025
	£	£
Bank loans and overdrafts	88,304	121,228
Other finance charges	12,693	23,319

	100,997	144,547

11. Tax on Profit

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

	Tax Rate		2026	2025
	2026	2025	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	75,526	158,296
Prior period adjustment			(25 )	(54 )

			75,501	158,242
Deferred Tax
Deferred taxation			41,329	18,776


Total tax charge for the period			116,830	177,018

Page 22

Page 23

RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2026	2025
	£	£
Profit before tax	131,598	249,529

Tax on profit at 25% (UK standard rate)	32,900	62,382
Goodwill/depreciation not allowed for tax	133,017	136,046
Expenses not deductible for tax purposes	5,658	5,155
Capital allowances	(95,543 )	(45,287 )
Short term timing differences	41,329	18,776
Prior period adjustment	(25 )	(54 )
Difference in tax rates	(506 )	-

Total tax charge for the period	116,830	177,018

12. Intangible Assets

Group

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 March 2025	3,076,756	20,268	3,097,024

As at 28 February 2026	3,076,756	20,268	3,097,024

Amortisation
As at 1 March 2025	2,655,399	20,268	2,675,667
Provided during the period	299,506	-	299,506

As at 28 February 2026	2,954,905	20,268	2,975,173

Net Book Value
As at 28 February 2026	121,851	-	121,851

As at 1 March 2025	421,357	-	421,357

Company

The company had no intangible fixed assets as at 28 February 2026 or 28 February 2025.

Page 23

Page 24

RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

13. Tangible Assets

Group

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost or Valuation
As at 1 March 2025	3,643,280	15,273	487,633	69,966
Additions	-	-	111,749	18,500
Disposals	-	-	(44,810 )	(12,740 )
Transfers	(300,000 )	-	-	-

As at 28 February 2026	3,343,280	15,273	554,572	75,726

Depreciation
As at 1 March 2025	371,389	15,273	382,425	69,966
Provided during the period	52,258	-	78,881	6,166
Disposals	-	-	(41,266 )	(12,740 )

As at 28 February 2026	423,647	15,273	420,040	63,392

Net Book Value
As at 28 February 2026	2,919,633	-	134,532	12,334

As at 1 March 2025	3,271,891	-	105,208	-


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 March 2025	919,137	427,100	5,562,389
Additions	129,704	74,422	334,375
Disposals	(25,412 )	-	(82,962 )
Transfers	-	-	(300,000 )

As at 28 February 2026	1,023,429	501,522	5,513,802

Depreciation
As at 1 March 2025	662,587	375,317	1,876,957
Provided during the period	85,443	27,753	250,501
Disposals	(25,412 )	-	(79,418 )

As at 28 February 2026	722,618	403,070	2,048,040

Net Book Value
As at 28 February 2026	300,811	98,452	3,465,762

As at 1 March 2025	256,550	51,783	3,685,432

Included in cost or valuation of land and buildings is freehold land of £729,368 (2025 - £729,368) which is not depreciated.

Page 24

Page 25

RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025
	£	£
Fixtures & Fittings	42,846	-

Company

	Computer Equipment
	£
Cost
As at 1 March 2025	67,083
Additions	68,016

As at 28 February 2026	135,099

Depreciation
As at 1 March 2025	45,438
Provided during the period	11,882

As at 28 February 2026	57,320

Net Book Value
As at 28 February 2026	77,779

As at 1 March 2025	21,645

14. Investment Property

Group

	2026
	£
Fair Value
As at 1 March 2025	-
Transfers	300,000

As at 28 February 2026	300,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025
	£	£
Cost	306,784	-
Accumulated depreciation and impairment	23,004	-

Carrying amount	283,780	-

The retail parts of the property at 25 High Street which are let to a third party at an annual rent of £24,000 has been redesignated at an investment property. The directors estimated an approximate yield of 8% in arriving at the value to transfer into an investment property. The building is undergoing building works and further transfer will be made in future once the refurbished property is let.

Company

The company had no investment property as at 28 February 2026 or 28 February 2025.

Page 25

Page 26

RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

15. Investments

Company

	Subsidiaries
	£
Cost or Valuation
As at 1 March 2025	4,797,868

As at 28 February 2026	4,797,868

Provision
As at 1 March 2025	-

As at 28 February 2026	-

Net Book Value
As at 28 February 2026	4,797,868

As at 1 March 2025	4,797,868

Subsidiaries

Details of the group's subsidiaries as at 28 February 2026 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Roxton Bailey Robinson Ltd	UK	Ordinary	100.00%	-
RBR Arden Shoot Ltd	UK	Ordinary	100.00%	-
RBR Badminton Sheet Ltd	UK	Ordinary	100.00%	-
Bailey Robinson Holdings Ltd	UK	Ordinary	100.00%	-
Bailey Robinson Ltd	UK	Ordinary	100.00%	-
Real Holidays Travel Agency Ltd	UK	Ordinary	100.00%	-
Ian Coley Sporting Ltd	UK	Ordinary	100.00%	-
Fly Fisher Group Ltd (dormant)	UK	Ordinary	100.00%	-
Roxtons Fishing Ltd	UK	Ordinary	100.00%	-

The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:

	Capital and Reserves	Profit/(loss)
	£	£
Roxton Bailey Robinson Ltd	1,159,488	69,977
RBR Arden Shoot Ltd	74,224	7,042
RBR Badminton Sheet Ltd	(179,134 )	63,135
Bailey Robinson Holdings Ltd	1,242,274	-
Bailey Robinson Ltd	309,320	(14,404 )
Real Holidays Travel Agency Ltd	503,796	75,520
Ian Coley Sporting Ltd	3,985,610	255,008
Fly Fisher Group Ltd (dormant)	100	-
Roxtons Fishing Ltd	(55,922 )	(85,922 )

Page 26

Page 27

RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

16. Stocks

	2026	2025
	£	£
Finished goods	2,626,072	2,371,001

17. Debtors

	Group		Company
	2026	2025	2026	2025
	£	£	£	£
Due within one year
Trade debtors	3,384,901	2,718,171	-	-
Prepayments and accrued income	300,108	263,095	63,637	28,480
Other debtors	120,871	210,818	193	-
Travel Deferred Costs	3,043,477	2,343,621	-	-
VAT	-	-	18,808	-
Amounts owed by group undertakings	-	-	412,683	1,172,072

	6,849,357	5,535,705	495,321	1,200,552
Due after more than one year
Trade debtors	87,281	124,283	-	-
S419 Taxation Paid	50,258	50,258	-	-
Travel Deferred Costs >1yr	2,985	91,677	-	-

	140,524	266,218	-	-

	6,989,881	5,801,923	495,321	1,200,552

18. Creditors: Amounts Falling Due Within One Year

	Group		Company
	2026	2025	2026	2025
	£	£	£	£
Net obligations under finance lease and hire purchase contracts	22,851	-	-	-
Trade creditors	1,545,716	1,238,158	188,182	138,075
Bank loans and overdrafts	228,818	292,636	228,818	292,636
Preference Share Loan	-	177,900	-	177,900
Corporation tax	75,548	158,296	-	35,744
Other taxes and social security	84,331	71,362	783	358
VAT	106,855	84,828	-	9,080
Other creditors	32,029	29,118	3,120	4,440
Trading Cost Accrual	547,479	532,931	-	-
Deferred Income	7,695,828	6,595,390	-	-
Accruals	462,221	535,052	34,888	40,787

	10,801,676	9,715,671	455,791	699,020

Page 27

Page 28

RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

19. Creditors: Amounts Falling Due After More Than One Year

	Group		Company
	2026	2025	2026	2025
	£	£	£	£
Net obligations under finance lease and hire purchase contracts	28,564	-	-	-
Bank loans	1,086,250	1,315,068	1,086,250	1,315,068
Preference Shares Loan	-	177,900	-	177,900
Deferred Income >1 Year	108,375	237,917	-	-

	1,223,189	1,730,885	1,086,250	1,492,968

20. Loans

An analysis of the maturity of loans is given below:

	Group		Company
	2026	2025	2026	2025
	£	£	£	£
Amounts falling due within one year or on demand:
Bank loans	228,818	292,636	228,818	292,636
Other loans	-	177,900	-	177,900

	228,818	470,536	228,818	470,536

	Group		Company
	2026	2025	2026	2025
	£	£	£	£
Amounts falling due between one and five years:
Bank loans	1,086,250	1,315,068	1,086,250	1,315,068
Other loans	-	177,900	-	177,900

	1,086,250	1,492,968	1,086,250	1,492,968

Bank loans

NatWest provided the company with a loan to assist with the purchase of the acquisition of Ian Coley Sporting Limited. The bank loan is secured on the properties held within the group and all other group associated assets. The bank loan carries an interest of 2.25%. The balance on this loan as at 28 February 2026 was £63,818 and will be fully repaid in August 2026. Interest in charged monthly in arrears.

Bank no 2 loan to fund new property

In September 2023 the bank advanced £1.65m to fund the building re-development at the Ian Coley Sporting site near Cheltenham. The loan carries interest at 2% over base rate and is repayable in monthly instalments over 10 years with a 5 year review. The balance on this loan as at 28 February 2026 was £1,251,250. Interest is charged monthly in arrears.

Other loans

Other loans relate to the preference share loans that were issued to fund the purchase of Ian Coley Sporting Limited. They carry a coupon of 5% and are repayable over 5 equal instalments commencing 8th August 2022. Interest accrues annually and is paid on the 28th February each year. These loans were repaid in August 2025 and February 2026.

Page 28

Page 29

RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

21. Obligations Under Finance Leases and Hire Purchase

	Group
	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	22,851	-
Later than one year and not later than five years	28,564	-

	51,415	-

	51,415	-

The lease has a a term of 36 months, expiring February 2029. It is secured over the asset acquired at a cost of £51,415.

22. Deferred Taxation

The provision for deferred tax is made up as follows:

	Group		Company
	2026	2025	2026	2025
	£	£	£	£
Other timing differences	127,608	86,279	18,687	4,487

23. Provisions for Liabilities

Group
	Deferred Tax	Total
	£	£
As at 1 March 2025	86,279	86,279
Additions	41,329	41,329

Balance at 28 February 2026	127,608	127,608

Company
	Deferred Tax	Total
	£	£
As at 1 March 2025	4,487	4,487
Additions	14,200	14,200

Balance at 28 February 2026	18,687	18,687

Page 29

Page 30

RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

24. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
11,173,854 Ordinary A shares of £ 0.01 each	111,738	112,623
15,300 Ordinary C shares of £ 0.01 each	153	153

	111,891	112,776


Shares disposed during the period:	£
88,463 Ordinary A shares of £ 0.01 each	(885)

On the 18th March 2025 the company purchased and subsequently cancelled 88,463 ordinary A shares for £0.69 pence per share.

25. Foreign Currency Risk

As at the 28 February 2026, there were contractual commitments to purchase the sterling value of the following currencies:

	2026	2025
	£	£
United States dollars	545,306	277,103
Euro	77,149	112,978

The impact of revaluing the above contracts to market rates as at 28 February 2026 generated a net foreign exchange loss of £7,401 (2025 - £550 gain) which has been recognised in the profit and loss account.

26. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	437,266	245,494
Later than one year and not later than five years	1,466,140	588,026
Later than five years	681,963	241,583

	2,585,369	1,075,103

27. Pension Commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £235,793 (2025: £234,081).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

28. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	78,217	-

Page 30

Page 31

RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

29. Reserves

	Share Premium	Revaluation reserve	Merger reserve	Profit and Loss Account
	£	£	£	£
As at 1 March 2025	3,229,694	83,561	836,560	810,275
Profit for the year and total comprehensive income	-	-	-	14,768

Dividends paid	-	-	-	(78,217)
Purchase of own shares	(60,155 )	-	-	-

As at 28 February 2026	3,169,539	83,561	836,560	746,826

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RBR Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

30. Related Party Disclosures

During the year the company purchased good and services from the following directors:

	2026	2025
	£	£
J Duncan	49,192	53,932
G Stephenson	136,080	206,112

The amounts due to (due from) the above directors as at 28 February 2026:

	2026	2025
	£	£
J Duncan	-	-
G Stephenson	-	-

During the year the following directors received goods and services on normal commercial terms:

	2026	2025
	£	£
J Duncan	7,830	5,542
A Murray	509	9,251
R Pilkington	-	3,410
A Bromfield	-	2,054
G Stephenson	46,470	46,520
C White	-	4,573

The amounts due to (due from) the above directors as at 28 February 2026:

	2026	2025
	£	£
J Duncan	-	-
A Murray	-	9,242
R Pilkington	-	(965)
A Bromfield		(226)
G Stephenson	111	258

The balances above were settled on or before the date of departure or receipt of goods.

On the 25th June 2010 the Group advanced £136,800 to J Duncan, C White, A Bromfield and one other to permit them to purchase shares in the Group subsidiary companies. These shares were exchanged for RBR Group shares in March and May 2016 under the share for share exchange when the RBR Group was formed. The balance outstanding on these loans on 28 February 2026 was £94,284 (2025 - £97,111).

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