REGISTERED NUMBER: 03039016 (England and Wales)

WOZAIR LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2025 TO 29 DECEMBER 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

6

Report of the Independent Auditors

9

Income Statement

13

Other Comprehensive Income

14

Statement of Financial Position

15

Statement of Changes in Equity

16

Statement of Cash Flows

17

Notes to the Statement of Cash Flows

18

Notes to the Financial Statements

20

DIRECTORS:

S D Azzopardi

P M Azzopardi

C R Cherrington

S J Collins

H A Collins

Y Lavaux

N L Owen

J Colwell

SECRETARY:

S J Collins

REGISTERED OFFICE:

32 Grosvenor Road

Gillingham Business Park

GILLINGHAM

Kent

ME8 0SA

REGISTERED NUMBER:

03039016 (England and Wales)

AUDITORS:

McCabe Ford Williams

Statutory Auditors and Chartered Accountants

Building 1063

Cornforth Drive

Kent Science Park

Sittingbourne

Kent

ME9 8PX

The directors present their strategic report for the period 1 January 2025 to 29 December 2025.

REVIEW OF BUSINESS

Wozair's marked a significant milestone in 2025 celebrating its 30th Anniversary with a successful year.Turnover was £22,394,762 (2024 £24,050,931) with an operating profit of £1,221,919 (2024: £932,482) driven by a consistent strength in market demand, maintaining stability and leading to a positive outlook for 2026. Gross margin was 37.4% (2024 32.4%).

This represented a continuation of the turnaround seen in 2024 with growth in revenue whilst maintaining an operating profit for the Group. This was achieved with a backdrop of buoyant market conditions, which Wozair was able to capitalise on securing significant contracts, providing a healthy order book for Wozair Limited. There continues to be significant export opportunities in the Middle East and Far East representing particular areas of growth for the business. During 2025 Wozair was able to complete or progress a number of large contracts awarded during 2024. Wozair continued its association with Thermoplant Offshore Services Limited (TOSL) and North Sea Ventilation & Air Conditioning for a number of these Middle East Contracts working together to progress the projects.

Wozair also won significant work in the European Offshore Renewables sector, work which will be mostly realised during 2026, giving a healthy order book at the end of 2025, meaning the forecast is very good for a successful 2026.

Wozair continued to supply specialist ventilation equipment in its core market of Oil and Gas, with this sector currently highly active. As well as its core business Wozair has continued its long-term strategy of growing other market sectors such as Nuclear, Marine and Offshore Wind, whilst investigating longer term market sectors such as Power Generation and Infrastructure Projects, Nuclear Small Modular Reactors (SMR's), Carbon Capture and Storage (CCS), and Hydrogen.

In the Nuclear market the Company completed its first export Air Handling Unit Project for a project in France, as it continues to seek to expand its nuclear business outside of the UK. A number of design contracts were also progressed for Sellafield, which are expected to move to full equipment orders during 2026. We expect to continue to benefit from the 20-year framework agreement with Sellafield with more projects planned in the coming years. We are also focused on future opportunities that exist in the nuclear market with SMRs and in Europe. Moving forward the Directors remain optimistic for opportunities in the Energy Industry worldwide including Oil & Gas, Wind, Nuclear and Power Transmission and to that end have recruited a Global Business Development Manager to maximise these future opportunities.

During 2025 the company also completed its ISO19443 accreditation - a nuclear-specific quality management standard, to further demonstrate our commitment to this market. This will help secure our place in the nuclear supply chain and create further opportunities. This builds upon ISO 9001 and sits alongside Fit for Nuclear (F4N) and the Fit for Offshore Renewables (F4OR), placing us at the forefront of these sectors. Wozair Limited was also successfully audited for the Utilities Vendor Database opening opportunities in the Power Generation and Infrastructure sector.

The Company was pleased to hold a number of customer and staff events across the globe to mark its 30 Year Anniversary. It also exhibited and attended major trade shows and exhibitions for the Oil and Gas, Marine, Nuclear and Wind Energy markets across the globe as it continues its strategy of investing in new and emerging markets whilst continuing to increase Oil and Gas Projects.

REVIEW OF BUSINESS - CONTINUED

Wozair recruited some key leadership positions to ensure it has the resource to meet the challenge created by the increasing order book. Key positions recruited included a Contracts Manager, Global Business Development Manager and additional Project Managers. The R&D team was also strengthened during the year to help develop new and innovative products and services in association with our strategic alliances. The Company continued to invest in plant, equipment, software, and systems to drive efficiency improvements.

Wozair Limited will continue to focus on maximising the benefit of a buoyant Oil and Gas market and Offshore Renewables sector, whilst pushing for market diversification. Major new orders in early 2026 have enabled Wozair Limited to continue its profitability for the beginning of the year and anticipate continued growth in revenue and profit for the full year.

PRINCIPAL RISKS AND UNCERTAINTIES

The risks faced by the Company are reviewed on a regular basis. The review is consistent with the size and nature of the Company and is considered in the general context of the global economy and the markets and locations in which it operates. The Directors are aware of the inherent risk associated with a manufacturing business within the markets we operate and keep these under constant review.

The risks to staff, the public, and customers are mitigated by maintaining high quality standards in manufacture, adopting best practice in health, safety and quality and the Company's fulfilment of all relevant environmental regulations. We strive to be industry leaders in Health, Safety and Environmental responsibility and benchmark our performance against other industry leaders.

The Company maintains close links with its suppliers both in the UK and overseas, thereby ensuring continuity in the supply chain.

Uncertainties in exchange rates and general economic conditions pose risks to the Company, but these are monitored closely by the Directors to minimise any exposure. The financial statements have been prepared on the going concern basis. The Directors believe that existing cash reserves are more than sufficient for the next 12 months.

IDENTIFICATION OF PRINCIPAL RISKS AND ASSESSMENT

The risks and uncertainties that the Group faces change over time, and the Directors are cognisant of and assess new challenges and risks emerging to ensure these are mitigated as appropriate.

The principal risks identified include the following.

EXPOSURE TO CREDIT, LIQUIDITY AND CASH FLOW RISK

Wozair Limited adopts policies aimed at minimizing losses due to other parties failing to discharge an obligation and require that deferred terms be only granted to customers who demonstrate an appropriate payment history and satisfy credit worthiness procedures. Wozair Limited mitigates the risk by collaborating with customers and credit control procedures supported with credit agencies.

Liquidity risk is minimized by managing cash generation in our operations, agreeing milestone payments with our customers and applying cash collection targets. Cash flow risk is managed by careful negotiation of terms with customers and suppliers.

Wozair Limited has entered into forward contracts to manage the foreign exchange risk concerning certain projects for which payment is received throughout the course of the project.

PEOPLE RISKS

Our staff are central to the Company's ability to meet its customer expectations and achieve its goals, and Wozair Limited needs to attract and retain highly qualified and competent staff.

The Directors perform a high degree of oversight in the Company's employee engagement providing the insight into the culture and mood of the workforce. Succession planning has been put in place to minimise risks further.

SUPPLY CHAIN RISKS

Global supply chain issues continue to improve and are monitored closely. Continuity of the supply chain is ensured by maintaining close collaboration with suppliers both in the UK and overseas.

Where there is any risk to material supply cost associated with regional instability affecting shipping routes or potential import tariffs Wozair Limited are managing that risk by placing bulk orders to secure pricing levels.

Where they may also be a risk with key components which are single sourced from one supplier, as required by our customers, Wozair Limited are offering alternatives and diversifying the Supply Chain to mitigate this risk.

INFLATION RISKS

Inflation has now stabilised in most areas making costs much easier to forecast, there may still be some inflationary risks in localised economies and the inflation risk associated with any potential tariffs need to be mitigated.

To mitigate the risk the sales team is working with current market prices and the purchasing team closely monitors purchase price variances and is focused on achieving savings.

COMPETITIVE RISKS

There is an ongoing risk of loss of market share or erosion on prices due to the activities of competitors or new entrants, which could negatively impact revenue and or profitability. This is a key area of focus for the Wozair management team.

Fundamental to mitigating the risk from competitors is the maintenance of our product quality, conforming to delivery performance and ensuring all customer expectations are met. Ongoing Research and Development into new products, and cost and delivery reduction initiatives feed into this mitigation.

KEY PERFORMANCE INDICATORS

The Directors consider that financial key performance indicators for the company are turnover, gross profit margin, profit before tax and operating, cash generation and turnover.

These may be summarised as follows:

2025

2024

Change

£'000

£'000

Revenue

22,395

24,051

-6.9%

Gross profit

8,373

7,793

7.4%

Gross profit margin

37%

32%

5%

Pre tax profit

1,181

851

38.9%

Operating cash flow

-26

1,248

It is anticipated that the Company will generate sufficient revenue to continue to meet its operational needs as well as financial and regulatory obligations.

ON BEHALF OF THE BOARD:

C R Cherrington - Director

27 October 2026

The directors present their report with the financial statements of the company for the period 1 January 2025 to 29 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of the design and supply of specialist heating, ventilation and air conditioning equipment and systems.

DIVIDENDS

No dividends were paid in the period under review.

EVENTS SINCE THE END OF THE PERIOD

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

DIRECTORS

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

S D Azzopardi

P M Azzopardi

C R Cherrington

S J Collins

H A Collins

Y Lavaux

N L Owen

J Colwell

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS

The directors benefit from a qualifying indemnity provision in the form permitted by Section 234 of the Companies Act 2006 in respect of certain third party actions against directors. No claim or notice of claim in respect of these indemnities has been received in the year. The qualifying indemnity provision was in force throughout the financial year and up to the date of approval of the Report of the Directors.

GOING CONCERN

The financial statements have been prepared on a going concern basis.

The following areas of risk have been considered when arriving at our going concern opinion for the 2025 statutory accounts.

Supply chain

Although there continues to be long lead times from suppliers this has been managed through building the lead times into our quotes to customers and communicating with suppliers and customers.

Commodity/General Price Increases

Due to the nature of our business, we always include the latest and predicted costs when tendering for projects to ensure that commodity, component, and labour cost variability is reflected in customer quotations. There is also a clear strategic plan to implement a group buying strategy building/maintaining relationships with our key suppliers, negotiating improved terms, supply, and pricing, together with a focus on overhead costs driven as part of the budgetary process for 2026.

Power/Energy costs - the UK sites were contracted with Engie to March 2025 for electricity and gas followed by a further contract with British Gas for electricity and SEFE for gas to March 2026. Therefore, the directors consider that they are protected from any significant market increases.

2026 Estimate

As part of our going concern review an estimate was produced for 2026 which has the company continuing to increase profitability as a result of a strong forward order book with forecast cash at bank more than sufficient to support the level of revenue without calling upon our current facilities with our bankers, which were renewed in June 2026. The market sentiment is positive, and the Directors expect to see this feed through with increased orders and revenue expected through 2026, 2027 and beyond.

Strategic Direction

The business considers its stated strategic plan of servicing its traditional markets, whilst diversifying into newer markets is starting to show with a higher percentage of revenue expected to come from Offshore Renewables in the next 3 years. The businesses traditional market of oil and gas, in the short term, is still very active. The business has a clearly defined and communicated three-year strategic plan which is regularly reviewed by the board. We believe that appropriate actions are being taken to address future challenges and opportunities to the company to result in a profitable and sustainable organisation. The medium to long term strategic aim is to rebalance the business more towards its nuclear, marine, renewables work and other emerging markets which is already happening. Wozair Limited will continue to pursue other necessary accreditations and development to continue the rebalancing of our business over time to ensure we are well placed to work in these markets going forward.

Conclusion

The company has sufficient financial resources together with customer contracts and a strong customer forward order book across different geographical areas and markets. Therefore, the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

DISCLOSURE IN THE STRATEGIC REPORT

As permitted by Paragraph 1A of Schedule 7 to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 certain matters which are required to be disclosed in the Report of the Directors have been omitted as they are included in the strategic report on pages 2 to 4. These matters relate to the financial risk management objectives and future developments.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

C R Cherrington - Director

27 October 2026

Opinion

We have audited the financial statements of Wozair Limited (the 'company') for the period ended 29 December 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 29 December 2025 and of its profit for the period then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

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

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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

- we identified the laws and regulations applicable to the company through discussions with directors;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including, but not limited to, the Companies Act (2006), UK tax legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

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

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

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

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

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates set out in note 3 were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions such as recharges from the parent.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC and the relevant regulator, where applicable.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors' and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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

Use of our report

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

Clair Rayner FCA DChA (Senior Statutory Auditor)

for and on behalf of McCabe Ford Williams

Statutory Auditors and Chartered Accountants

Building 1063

Cornforth Drive

Kent Science Park

Sittingbourne

Kent

ME9 8PX

27 October 2026

TURNOVER

4

22,394,762

24,050,931

Cost of sales

14,021,919

16,257,643

GROSS PROFIT

8,372,843

7,793,288

Administrative expenses

7,543,928

7,270,485

828,915

522,803

Other operating income

393,004

409,679

OPERATING PROFIT

6

1,221,919

932,482

Interest receivable and similar income

1,328

11,682

1,223,247

944,164

Interest payable and similar expenses

7

42,003

93,565

PROFIT BEFORE TAXATION

1,181,244

850,599

Tax on profit

8

176,486

(460,386

)

PROFIT FOR THE FINANCIAL PERIOD

1,004,758

1,310,985

PROFIT FOR THE PERIOD

1,004,758

1,310,985

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

1,004,758

1,310,985

FIXED ASSETS

Intangible assets

10

434,102

196,511

Tangible assets

11

1,401,762

1,493,227

Investments

12

18,509

18,509

1,854,373

1,708,247

CURRENT ASSETS

Stocks

13

998,449

925,829

Debtors

14

15,671,908

15,784,635

Cash at bank and in hand

2,095,679

1,656,662

18,766,036

18,367,126

CREDITORS

Amounts falling due within one year

15

11,115,273

11,515,843

NET CURRENT ASSETS

7,650,763

6,851,283

TOTAL ASSETS LESS CURRENT LIABILITIES

9,505,136

8,559,530

CREDITORS

Amounts falling due after more than one year

16

-

59,152

NET ASSETS

9,505,136

8,500,378

SHARE OPTION RESERVE

Called up share capital

20

17,000

17,000

Share premium

21

128,750

128,750

Capital redemption reserve

21

4,250

4,250

Retained earnings

21

9,355,136

8,350,378

SHAREHOLDERS' FUNDS

9,505,136

8,500,378

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2026 and were signed on its behalf by:

C R Cherrington - Director

Called up

Capital

share

Retained

Share

redemption

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 January 2024

17,000

7,039,393

128,750

4,250

7,189,393

Changes in equity

Total comprehensive income

-

1,310,985

-

-

1,310,985

Balance at 31 December 2024

17,000

8,350,378

128,750

4,250

8,500,378

Changes in equity

Total comprehensive income

-

1,004,758

-

-

1,004,758

Balance at 29 December 2025

17,000

9,355,136

128,750

4,250

9,505,136

Cash flows from operating activities

Cash generated from operations

1

16,063

1,194,038

Interest paid

(42,003

)

(93,565

)

Taxation refund

-

147,792

Net cash from operating activities

(25,940

)

1,248,265

Cash flows from investing activities

Purchase of intangible fixed assets

(307,766

)

-

Purchase of tangible fixed assets

(287,829

)

(250,751

)

Sale of tangible fixed assets

6,746

38,834

Interest received

1,328

11,682

Net cash from investing activities

(587,521

)

(200,235

)

Cash flows from financing activities

Loan repayments in year

(118,305

)

(118,306

)

Capital repayments on HP Contracts

(8,660

)

(15,795

)

Amount introduced by directors

153,152

143,691

Amount withdrawn by directors

(263,565

)

(581,787

)

Net cash from financing activities

(237,378

)

(572,197

)

(Decrease)/increase in cash and cash equivalents

(850,839

)

475,833

Cash and cash equivalents at beginning of period

2

1,656,662

1,180,829

Cash and cash equivalents at end of period

2

805,823

1,656,662

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

Period

1.1.25

to

Year Ended

29.12.25

31.12.24

£

£

Profit before taxation

1,181,244

850,599

Profit on disposal of fixed assets

(6,746

)

(30,070

)

Changes in amounts owed to/by group

(226,344

)

657,399

Depreciation & amortisation charges

449,471

442,834

Finance costs

42,003

93,565

Finance income

(1,328

)

(11,682

)

1,438,300

2,002,645

(Increase)/decrease in stocks

(72,620

)

126,276

Decrease/(increase) in trade and other debtors

69,527

(6,038,514

)

(Decrease)/increase in trade and other creditors

(1,419,144

)

5,103,631

Cash generated from operations

16,063

1,194,038

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Period ended 29 December 2025

29.12.25

1.1.25

£

£

Cash and cash equivalents

2,095,679

1,656,662

Bank overdrafts

(1,289,856

)

-

805,823

1,656,662

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

1,656,662

1,180,829

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 29.12.25

£

£

£

Net cash

Cash at bank and in hand

1,656,662

439,017

2,095,679

Bank overdrafts

-

(1,289,856

)

(1,289,856

)

1,656,662

(850,839

)

805,823

Debt

Finance leases

(8,660

)

8,660

-

Debts falling due within 1 year

(118,305

)

59,153

(59,152

)

Debts falling due after 1 year

(59,152

)

59,152

-

(186,117

)

126,965

(59,152

)

Total

1,470,545

(723,874

)

746,671

1.	STATUTORY INFORMATION

Wozair Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The Directors believe that current market conditions are very favourable for the current and future prospects of the Company. This is due to several key factors including growing demand for energy in key business areas. Risks to the Business include a change in market conditions or a sustained and significant fall in the price of Oil and Gas that could affect investment decisions, as well as sudden volatility in exchange rates. The board have strategies to mitigate these risks.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Wozair Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Wozair Group Holdings Limited, 32 Grosvenor Road, Gillingham Business Park, Gillingham, Kent, ME8 0SA.