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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Nonwovenn Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Bath Road, Bridgwater, Somerset, TA6 4NZ.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 7 ‘Statement of Cash Flows’ – Presentation of a statement of cash flow and related notes and disclosures;

• Section 33 ‘Related Party Disclosures’ – Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of CorpAcq Limited. These consolidated financial statements are available from its registered office, CorpAcq House, 1 Goose Green, Altrincham, Cheshire, WA14 1DW.

The company finances its trading operations through a group revolving bank credit facility.true

The directors are not aware of any reasons why these facilities will not be maintained.

As a result, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover represents amounts receivable for services net of VAT.

Revenue for the provision of professional services is invoiced and recognised on a monthly basis. The revenue recognised is based on time allocated to the management of other group and connected companies, charged at hourly employee rates plus an agreed profit margin.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

The average monthly number of persons (including directors) employed by the company during the year was:

In accordance with Section 27 - FRS 102 - 'Impairment of assets', the carrying value of the company's investment in Sterling Materials Limited has been compared to its recoverable amount, represented by its value in use to the company. This resulted in a total impairment loss of £1,210,000 being recognised in a previous year and a loss of £6,851 being recognised in the current year. This total impairment loss is equivalent to the total cost of the investment acquired by the company less the value of the net assets recoverable from the subsidiary. Sterling Materials Limited ceased to trade on 31 March 2017. Its tangible fixed assets, stock and trade were transferred to other companies in the group on the same date. Sterling Materials Limited was dissolved on 9 March 2026 and the investment held by this company is deemed to have been disposed of on the same date.

In accordance with Section 27 - FRS 102 - 'Impairment of assets', the carrying value of the company's investment in Square Foot Concepts Limited has been compared to its recoverable amount, represented by its value in use to the company. This resulted in a total impairment loss of £1,000,000 being recognised in the previous year and a loss of £23,903 being recognised in the current year. This total impairment loss is equivalent to the total cost of the investment acquired by the company less the value of the net assets recoverable from the subsidiary

Details of the company's subsidiaries at 31 March 2026 are as follows:

The company's two dormant subsidiary companies, Hamsard 3293 Limited and Sterling Materials Limited, were dissolved on 3 February 2026 and 9 March 2026 respectively.

Options previously granted for 1,800 'E' Ordinary shares of 0.1p each were forfeited in the year.

All the remaining options were exercised on 17 December 2025.

During the year, the company recognised total share-based payment expenses of £10,417 (2025 £9,958) which related to equity settled share based payment transactions.

The holders of the D, E, F and Z 0.1p ordinary shares are not entitled to receive a dividend or attend and vote at a general meeting of the company and have restricted rights to a return of capital and surplus assets on a disposal or liquidation of the company.

All the shares in issue at the balance sheet date were redesignated into Ordinary shares of 0.1p each on 2 April 2026.

On 21 November 2018 the company entered into an agreement to grant an option for the subscription of 6,250 C ordinary shares of 0.1p each in the capital of the company.

The consideration for the option was £699,250. No further consideration was payable on the exercise of the option.

The option was to be exercised on a change of control in the company's ownership which occurred on 17 December 2025.

The amount of the consideration paid for the option was recognised as a non-distributable reserve until the date the option was exercised.

The company is a guarantor for a property lease held by BFF Nonwovens Limited. The lease runs until December 2041, with an annual rental of £870,000.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 March 2026 and of its profit for the year then ended;

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

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

The company has declared and paid dividends of £8,787,498, in respect of its issued share capital, after the balance sheet date.

Prior to the balance sheet date, the company and its fellow immediate group undertakings, Technical Materials Group Holdings Limited, Technical Materials Group Limited, Lantor (UK) Limited, BFF Nonwovens Limited and Square Foot Concepts Limited, provided a composite guarantee and debenture to CorpAcq Limited to secure the future borrowings of that company.

On 8 June 2026, CorpAcq Limited and its parent company, CorAcq Midco Limited, entered into a financing agreement providing credit facilities of £860,000,000 to the 'CorpAcq group'.

During the year the company entered into the following transactions with related parties:

The following amounts were outstanding at the reporting end date:

The following amounts were outstanding at the reporting end date:

During a previous year a loan of £50,000 was advanced to the company by a director. The loan was not interest bearing and has been repaid in full in the current year.

The company was under the control of its directors up to 17 December 2025. On 17 December 2025, Nonwovenn Ltd was acquired by Technical Materials Group Limited (Previously AG BIDCO 1 Ltd), a company registered in England and Wales.

The ultimate controlling party from 17 December 2025 is TDR Capital Nominees 2021 Limited on behalf of TDR Capital V LP, managed by TDR Capital LLP.

The company’s financial statements are consolidated into the financial statements of CorpAcq Limited, which represents the smallest group for which consolidated accounts are prepared. These accounts can be obtained from Companies House.

The company’s financial statements are also consolidated into the financial statements of CorpAcq Group Limited, which represents the largest group for which consolidated accounts are prepared. These accounts can be obtained from Companies House or at CorpAcq House, 1 Goose Green, Altrincham, Cheshire, WA14 1DW.