Final Results and Notice of AGM

The information communicated within this announcement is deemed to constitute inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this information is considered to be in the public domain.

17 June 2026

WYNNSTAY PROPERTIES PLC

("Wynnstay" or the "Company")

AUDITED RESULTS FOR YEAR ENDED 25 MARCH 2026 AND NOTICE OF AGM

Wynnstay Properties PLC is pleased to announce the publication of its audited annual results for the year ended 25 March 2026.  The financial and portfolio highlights reported in the annual results are set out below.

Financial Highlights

*       Annual Rental Income is shown in note 2 of the Financial Statements and Underlying Rental Income is the like-for-like income in those years from properties held in the portfolio throughout the period 2022 - 2026

►      Total accounting return is calculated by combining movements in net asset value and dividends for the period expressed as a percentage of the opening net asset value per share.

Portfolio highlights

·      Portfolio valuation increased by 2.9%, on a like-for-like basis, to £44.17 million.

·      Total portfolio value rose to £46.97 million, including the five industrial units at Cambridge acquired in-year and the unit at Weston-super-Mare held for sale.

·      Weston-super-Mare property sold post year end for £665,000: an uplift of 35.7% over net book value in March 2025 valuation.

·      18 new leases completed: three open market lettings and 15 lease renewals, with aggregate annual rent reserved of c. £614,000 per annum, representing a 4.4% increase over the estimated rental value in March 2025 valuation.

·      The 15 lease renewals, with 9 break options not exercised in the year, demonstrate strong tenant retention.

·      Portfolio fully let at year-end, other than one unit under offer and open land marketed for open storage.

·      100% rent collection for the year.

·      Continued focus on energy performance and refurbishment projects expected to deliver clear benefits in terms of both future rental income and capital value.

Commenting on the results, the Chairman Philip Collins, said:

"I am delighted to report on another good year for our shareholders.  Wynnstay's portfolio continues to deliver growth in revenue and capital value which are reflected in our increased dividend payments and net asset value per share, and thus in total accounting return, for shareholders."

Managing Director, Chris Betts, added:

"We have delivered very satisfactory performance from our property investments and operations over the past year, reflecting disciplined asset management, strong tenant demand and continued focus on portfolio quality. The year saw a high level of leasing activity, with good outcomes in terms of increased rental income, high tenant retention and virtually full occupancy."

The Annual Report and Financial Statements is available on the Company's website www.wynnstayproperties.co.uk and will shortly be posted to those shareholders who have elected to receive documents by post, when a further announcement will be made.

Attached to this announcement are the following sections from the Annual Report and Financial Statements: Who We Are; Our Performance; Chairman's Statement; Managing Director's Review; the Financial Statements and the notes to those statements.

As stated in the note at the end of the attachment, the financial information set out therein does not constitute statutory accounts as defined in section 435 of the Companies Act 2006. 

The Company's Annual General Meeting ("AGM") will be held on Wednesday 15 July 2026. Details of the arrangements for the meeting are set out in the notice of meeting in the Annual Report and Financial Statements.

This announcement was approved by the Board on 16 June 2026.

For further information please contact:

Wynnstay Properties PLC

Philip Collins (Chairman)

Chris Betts (Managing Director)

Ph: 07469 042389

Zeus (Nominated Adviser and Broker)

Darshan Patel, Mike Coe, Alex Slater

Ph: 020 3829 5000

LEI number is 2138006MASI24JYW5O76.

For more information on Wynnstay visit: www.wynnstayproperties.co.uk

      WHO WE ARE

      Company Profile

      Wynnstay is a long-established, successful property company with a distinctive approach to commercial property investment and development. We aim to generate rising dividend income and achieve capital appreciation for shareholders over the medium to long-term.  The Company is AIM quoted and our principal shareholders are private investors.

     The portfolio is directly, rather than externally, managed and has been built incrementally, with opportunities being taken to dispose of assets as and when the time is appropriate and to reinvest in assets that offer better long-term returns. This is achieved gradually over time, without the need for deal-driven activity in pursuit of corporate or portfolio expansion.

     Management is remunerated by salary and, where appropriate, with a cash bonus. The executive team and the Board are focused on Wynnstay's performance for the benefit of shareholders; operational costs are closely controlled; and dilution of shareholders' investment and potential conflicts of interest are minimised.

      We adopt a prudent, pragmatic approach to finance. Investments are funded in part by retained profits and recycling capital receipts from disposals and in part from borrowings, the majority at a fixed rate and held at a modest loan-to-value level, from an experienced and supportive property lender.

      Property Strategy

       Wynnstay invests in a diversified and resilient commercial property portfolio in Southern and Central England. We recognise that commercial property is a cyclical market that can exhibit significant upward and downward movements. Steadiness and progression over the medium and long-term are most likely to be in the shareholders' interests.

       The portfolio is currently focused on light industrial and trade-counter warehouses with diversity and resilience being reflected in the location, number and nature of the properties, and the mix of lease terms, tenants and uses.

       We invest in locations where there is strong occupational demand and often limited supply to provide opportunities for further rental growth over time and maintain high levels of occupancy. We prefer rents to be based on market rates rather than indexation.

    Our properties are generally flexible and adaptable, therefore appealing to a broad spread of occupiers. Uses include manufacturing and services; storage and distribution; and trade counter and out-of-town retail. As a result, our income is secured upon a wide range of occupiers across the private and public sectors, from large corporates to sole traders.

      Most properties are multi-let, resulting in a number of individual tenancies in many locations, reducing exposure to any single tenant and risk of loss of rental income in the case of defaults and voids. Short-term agreements of two years or less are typically avoided.

      Active direct management, close engagement and constructive business relationships with tenants, over time, underpin capital value and increase income. Flexibility in addressing tenant needs and requirements generally means that the terms agreed result in a mutually beneficial outcome for both parties, especially when many tenants have been in occupation for a considerable time.

      As active owners with a long-term perspective, we explore opportunities to refurbish and improve properties and to carry out selective development.

      HOW WE HAVE PERFORMED

      The charts below summarise how Wynnstay and its portfolio have performed over the past five years against the key performance indicators (KPI's) we have adopted in managing the business.

Our corporate performance

Our property performance

Our share performance

The charts below show that Wynnstay's share price has substantially outperformed the FTSE Real Estate Investment Trusts Index, the AIM All-Share Index and the FTSE 350 Index over the past ten years.

CHAIRMAN'S STATEMENT

I am delighted to report on another good year for our shareholders. Wynnstay's portfolio continues to deliver growth in revenue and capital value which are reflected in increased dividend payments and net asset value per share, and thus in total accounting return, for shareholders. 

Wynnstay's overall financial performance in the financial year, compared to the prior year, is summarised in the overview table below. The table should be read in conjunction with the following commentary and the financial statements.

Overview of Financial Performance: 2026 vs. 2025

*     Annual Rental Income is shown in note 2 of the Financial Statements and Underlying Rental Income is the like-for-like income in those years from properties held in the portfolio throughout the period 2022 - 2026

^► Total accounting return is calculated by combining movements in net asset value and dividends for the period expressed as a percentage
          of the opening net asset value per share.

Commentary on Financial Performance in 2026

Rental income for the financial year increased by 7.0% compared to the previous year to £2,866,000 (2025: £2,679,000). This increase reflects previously reported changes in the portfolio, following disposal of the Cosham and Midhurst properties in the prior year and the acquisition of the industrial units in Waterbeach, Cambridge at the end of May 2025, and the benefit of a significant number of successful rent reviews and new lettings concluded during the year. 

Other property income of £24,000 (2025: £14,000) comprised service charge related management fees.

Net property income rose to £2,024,000 (2025: £1,883,000) reflecting the higher property income noted above and property costs of £149,000 (2025: £113,000) and administrative costs of £717,000 (2025: £697,000) in the financial year compared to the prior year. Property costs were higher compared to the prior year as a result of the legal and agents' fees arising from the high level of leasing activity in the portfolio on which we report in the Managing Director's Review below. 

As there were no disposals of assets in the year, no capital profits were realised (2025: £52,000). The fair value adjustment arising from the annual revaluation, was £1,048,000 (2025: £683,000). Earnings per share rose by 23.6% to 71.8p per share (2025: 58.1p per share).

As a result of the fair value adjustment arising from the valuation and the positive income generation in the business, net asset value per share rose by 3.8% to 1,212p per share (2025: 1,168p).

Valuation

Our Independent Valuers, BNP Paribas Real Estate, undertook the annual revaluation as at 25 March 2026 valuing the Company's portfolio at £46.970 million (2025: £42.910 million). This represents a 2.9% increase of £1.260 million on the like- for- like valuation of all properties held as at 25 March 2025 and primarily reflects the benefits of the active management of the portfolio reported in the Managing Director's Review.

Finance, Borrowings and Gearing

Wynnstay remains in a strong financial position, with a low loan-to-value ratio under our secured facilities of 23.8% (2025: 23.3%).

At the year-end, we held cash of £0.539 million (2025: £1.732 million) and our borrowings were £11.190 million (2025: £9.977 million). The reduction in cash held and the increase in our borrowing compared to the prior year resulted from our acquisition at Waterbeach, Cambridge. During the year, we repaid £400,000 initially borrowed under our revolving credit facility for this acquisition.

The interest rate under our Fixed Rate Facility is fixed at 3.61% until December 2026. In addition to our available cash balance and positive cash flow from our property activities, just under £4 million of our £5 million Revolving Credit Facility was undrawn at year-end.

Our current loan facilities expire in December 2026 and, as a result, our borrowings at the year-end are shown this year as current, rather than non-current, liabilities in our Statement of Financial Position. I am pleased to report that following discussions with our established lender, Handelsbanken PLC, it has confirmed that it has obtained credit approval and is willing in principle, subject to contract, satisfactory due diligence and agreement on documentation to increase the amount of our overall borrowing to a total of £20 million and accordingly has issued indicative term sheets for new facilities to us.  The new facilities comprise two new Term Loan Facilities of £12 million and £3 million respectively and a new Revolving Credit Facility of £5 million. The new fixed term facilities will be available for drawdown for a period of six months from the signature of documentation and will be for a term of six years and one month, i.e. until January 2033. The Revolving Credit Facility is subject to market conditions on issue and will be available for drawdown for a period of five years from signature of documentation. We intend to drawdown under the new £12 million Term Loan Facility to refinance the existing £10 million facility and any drawings under the existing Revolving Credit Facility on or before their expiry on 17 December 2026.  We will consider drawdowns under the £3 million Term Loan Facility and the Revolving Credit Facility as our future business needs require.

Dividend

Over many years we have sought to pursue a progressive dividend policy that aims to provide shareholders with a rising income commensurate with Wynnstay's underlying growth and finances.

In the light of the satisfactory results for the year, the Board recommends a final dividend of 18.0p per share (2025: 17.0p). An interim dividend of 10.5p per share (2025: 10.0p) was paid in December 2025. Hence, the total dividend for this year of 28.5p per share (2025: 27.0p) represents an increase of 5.6% on the prior year.

Subject to shareholder approval, the final dividend will be paid on 31 July 2026 to shareholders on the register at the close of business on 26 June 2026.

Wynnstay's Financial Performance in the longer-term

In the Annual Report four years ago, we introduced a new section, entitled Introduction to Wynnstay. This described Wynnstay's distinctive approach to commercial property investment primarily for private shareholders and provided information both on the Company's performance and its share price performance relative to market indices over time.

This year we have refreshed the front end of the Annual Report, dividing the former Introduction into two sections: "Who we are" and "How we have performed". 

I encourage all shareholders to read this explanation of Wynnstay's rationale and performance in this report which highlights Wynnstay's continued strength over time, both in absolute terms and relative to the stock market, across a range of measures.

Key performance indicators to which I would draw shareholders attention are illustrated in the charts in the Annual Report. In managing the portfolio, we have achieved substantial underlying growth in rental income and portfolio value and maintained a consistent record of full occupancy and rent collections. Furthermore, as illustrated in the charts in the Annual Report, Wynnstay's share price has substantially outperformed established market indices for the quoted real estate sector over the past ten years.

Shareholder Communications

In my recent statements, I have reported that our annual Board self-evaluation had identified the importance of ensuring the effectiveness of the Company's communications with shareholders and potential investors and on various steps that we have taken in this regard, including the complete redesign of the website and our decision to use an online platform, Investor Meet Company, to supplement our regular reports and to provide an additional venue for questions to be put to us.

Two of these online presentations were made in July 2025 and November 2025. I am pleased to report that these presentations were well received: all but one of the attendees who offered comments provided positive responses.  Shareholders were advised earlier this month that a further presentation will be made on the day of publication of this Annual Report.  All the presentations are available on the Investor Meet Company platform (www. investormeetcompany.com) as well as through our website (www.wynnstayproperties.co.uk).

We also continue to encourage shareholders with individual enquiries to contact us, whether by letter to our registered office or by email ([email protected]).

This year we have made further changes to the Annual Report and enhanced the linkage between the printed report and the Company's website, for instance through the photographs of the portfolio on the inside covers of the report. Other changes to the content of this year's report follow the adoption of the revised Quoted Companies Alliance (QCA) Corporate Governance Code.

Our Share Register

As I have noted in previous statements, Wynnstay has a small, and rather unusual, share register on which there are around 240 accounts representing through nominee accounts around 300 shareholders, a significant number of which are connected through family relationships and are private investors rather than funds or institutions. In the main, they are long-term investors with some holdings having passed from generation to generation since the Company was founded in 1886. These long-term investors provide stability and continuity within the shareholder base. 

As a result of this relatively small shareholder base the volume and proportion of Wynnstay shares traded in the market is less than for many quoted companies with larger share registers and more dispersed holdings. Fewer Wynnstay shares tend to be available to trade and then only usually in modest quantities and with a sizeable "spread" between the bid and offer prices. Shares are typically traded at a discount to the net asset value per share, although this discount has reduced significantly over the past year. This discount is also seen in other, much larger, quoted property companies.

Outlook

Economic growth has remained subdued, impacted by several geopolitical events and, in the UK, increased costs levied on business, higher cost of living for consumers and uncertainty about the direction and implementation of various important government policies. Until the end of February 2026, inflation was expected to fall to the Bank of England's target rate of 2% by the end of the year and the Bank's base rate was expected to fall in several steps to around 3-3.25%.

However, with the Middle East crisis starting in March, these expectations have been nullified, with inflation now forecast to increase over the remainder of the calendar year and leading to the prospect of rising, rather than falling, interest rates. Following the local election results in May, we have also entered a new period of domestic political turmoil in the UK. These economic and political uncertainties affect both business and consumer confidence.

Wynnstay's performance has proved to be resilient in past periods of economic uncertainty and the Board remains confident that our focused, stable and well-let portfolio can continue to deliver growth of capital and income for shareholders in the medium and long-term.

Board Succession

Succession planning is a current priority for the Board. With the anticipated retirement of several Directors, including the Chairman, the Board has, after consideration of the skills, experience and independence required for the next stage of the Company's development, commenced a process to appoint a new independent Chairman and, following that appointment, new independent Non-Executive Directors, using Forrester & Partners, a specialist external recruitment firm in the commercial property sector. The Board has delegated oversight of this process to an ad hoc committee of the Board, which reports with recommendations to the full Board. Announcements will be made as appointments are confirmed. The Board considers that this orderly process is consistent with the QCA Code's expectation that board membership be periodically refreshed.

Colleagues and Advisers

Our Managing Director, Chris Betts, and his team have continued to manage Wynnstay's business and the portfolio over the year and deliver value for shareholders. I would like to thank them, as well as my colleagues on the Board and our professional advisers, for their support over the year.

Annual General Meeting

There are two matters regarding the forthcoming Annual General Meeting to which I must draw shareholders' attention.

First, under the revised QCA Corporate Governance Code, Directors are expected to offer themselves for re-election to the Board each year rather than retiring and standing for re-election by rotation as has been the common practice under established company law and our articles of association.  Accordingly, at the Annual General Meeting, resolutions are being proposed for the re-election of all the Directors.

Second, for many years resolutions have been proposed and passed by the requisite majority to grant authority for the Directors to issue a limited number of shares without first offering them to existing shareholders. These resolutions are intended to provide the Company with flexibility, for instance, to issue shares for small fundraisings which might support a larger acquisition or allow the issue of shares to vendors as part consideration on individual property acquisitions, where such vendors wish to retain an interest in a broader portfolio of assets in a quoted company. Bringing new investors to the share register with an interest in commercial property and in Wynnstay's distinctive approach would broaden the shareholder base and support its future development.

At the Annual General Meeting in July 2025, one of the two resolutions relating to the grant of such authority was not passed by a small margin.  The Board had engaged with two significant shareholders at prior meetings on these resolutions and did so again at last year's Annual General Meeting. Their reasons for opposing the resolutions appear to relate to the liquidity in the market generally for purchase of the Company's shares and, if the authority were to be exercised, the potential dilution of their existing holdings resulting from any such issue of shares. 

Liquidity in the market for the Company's shares is not a matter that is in Wynnstay's control, save where it may be possible to buy back shares in the market where there is an excess of sellers over buyers and it is in shareholders' interests to do so.

As regards potential dilution, it should be noted that resolutions of this nature are included as a matter of standard practice by most quoted companies in the UK. On 4 November 2022, the Financial Reporting Council issued the Statement of Principles on Disapplying Pre-Emption Rights on behalf of the Pre-Emption Group in relation to this subject. This Statement of Principles provides guidance on the factors to be considered by companies and investors when considering the case for disapplying pre-emption rights and sets out the circumstances where such disapplication might be appropriate.

It should be noted that the authority sought by the Company by resolution 12 is limited to either a new issue of shares for cash or transfer of shares out of treasury, in an amount, in aggregate, equal to five per cent. of the Company's entire issued share capital, such levels being significantly lower than those permitted by the Statement of Principles (being up to 10 per cent and, for an announced acquisition or specified capital investment, up to 20 per cent in aggregate).

The Company has also taken advice on the scope and drafting of resolution 12. As a result of that advice, the resolution proposed this year is shorter and simpler than last year.  Although many quoted companies seek authority to provide for practical flexibility in fundraising from shareholders, our resolution no longer provides for a general disapplication of pre-emption to address various practical

issues that arise on a rights issue or pre-emptive offer of shares.  It seems unlikely at the present time and in current market conditions that Wynnstay would seek to raise further funding in this way.  If the Company wishes to do so in future, shareholders would be invited to grant the necessary authority at that time.  Resolution 12 is thus now specifically limited to a single, simple disapplication of pre-emption capped at 5% of entire issued share capital.

The Directors have not used the authority when it has been granted previously and there is at present no transaction in contemplation where the authority might be used if granted now. However, the Directors consider that the proposed disapplication of pre-emption rights is desirable to give the Company the ability to issue a limited number of shares for cash to third parties, where to do so would be of benefit to the Company and in the best interests of shareholders generally at that time. In previous years there have been potential share-for-asset acquisitions where the use of the authority might have been considered for the reasons explained above.  Although none are currently in contemplation, such potential transactions might well arise in the ordinary course of business in the future and it is therefore desirable for the Directors to be granted this authority. I would emphasise that the authority would only be exercised in circumstances that the Directors considered to be in the best interests of all shareholders.

The AGM provides an important and valued opportunity for the Board to engage with shareholders. Our AGM this year will be held at 2.00 pm on Wednesday 15 July 2026 at the Royal Automobile Club, 89 Pall Mall, London SW1Y 5HS. The Notice of Meeting is to be found at the end of this Annual Report. 

The Board recommends all shareholders to vote in favour of all the resolutions to be proposed at the Annual General Meeting.  Shareholders are urged to complete and return their proxy forms as soon as practicable so that their votes on the resolutions being put to the meeting can be counted.

Shareholders who have registered for Investor Centre online with our Registrars can also benefit from the ability to cast their proxy votes electronically, rather than by post. Shareholders not already registered for Investor Centre online will need their investor code, which can be found on their share certificate or dividend tax voucher, in order to register.

To maximise shareholder engagement, shareholders who are unable to attend the AGM are encouraged to submit in writing those questions that they might have wished to ask in person at the meeting. Questions should be emailed to company.secretary@wynnstayproperties.co.uk at least 48 hours in advance of the AGM. You will receive a written response and, if there are common themes raised by a number of shareholders, we aim to provide a summary for all shareholders, grouping themes and topics together where appropriate, on the Company's website following the AGM.

Finally, on behalf of the Board, I extend a warm welcome to shareholders who have recently acquired their Wynnstay shares; and express appreciation to the large body of shareholders who have held their shares often over many years for their continued investment in Wynnstay. 

Philip Collins

Chairman

16 June 2026

MANAGING DIRECTOR'S REVIEW

We have delivered very satisfactory performance from our property investments and operations over the past year, reflecting disciplined asset management, strong tenant demand and continued focus on portfolio quality.

Portfolio Composition

As previously reported, a property was acquired in Waterbeach, Cambridge in May 2025 at a total cost of approximately £2.950 million, adding rental income of £183,000 per annum. No property sales were completed during the year.

Post Year‑End Property Disposal

We contracted to sell the Weston‑super‑Mare property at auction on 24 March 2026, completing the disposal on 24 April 2026. A five‑year lease renewal was agreed with Majestic Wine, the sole tenant of this stand‑alone unit, in February 2026, which materially enhanced the property's value. Given limited prospects for further rental growth, the Board considered that value was optimised by selling at this point. Competitive bidding resulted in a sale price of £665,000, representing a 35.7% uplift over the net book value of £490,000 as at 25 March 2025.

Portfolio Activity

The financial year saw a high level of leasing activity, with 18 new leases completed. Three were open‑market lettings to new tenants, while the remaining 15 were renewals with existing occupiers, demonstrating strong tenant retention across the portfolio. The aggregate annual rent reserved under these leases amounts to almost £614,000 per annum, representing a 4.4% increase over the estimated rental values used in the March 2025 valuation. In no instance was rent agreed below valuers' estimates.

One lease that expired during the year remains subject to negotiations with the occupier on revised terms. Nine leases were subject to tenant break options, none of which were exercised, resulting in rental income being maintained.

There were three vacancies during the year. One small unit in Hailsham was successfully re‑let in January. The unit and adjoining parcel of open storage land in Liphook, formerly let to Network Rail, have remained vacant following lease expiry at the end of February 2026. Together, these two elements represent 2.7% of the total portfolio estimated rental value used in the March 2026 valuation. The unit is under offer, and the land is being marketed for open storage use.

There was only one instance of rent arrears during the year, being £3,202 written off in respect of the small Hailsham unit prior to its re‑letting, as previously reported at the interim stage.

Portfolio Valuation

As in the prior year, property investment markets have remained focused on the timing and scale of interest‑rate reductions, expectations of which have been tempered by geopolitical developments, including the Middle East crisis. Yields have generally remained static, with valuation movements driven primarily by leasing activity, lease expiries, break options and rental growth.

On a like‑for‑like basis, excluding the Cambridge acquisition, the total estimated rental value adopted by the valuers increased by 2.2%. On the same basis, the market capital value increased by 2.9% to £44.170 million, underpinned by new leases secured during the year and the expiry of tenant break options.

Potential Infill Development

As outlined in the interim report, the Company has been exploring the development of six new units on surplus land in Liphook, Aylesford and Ipswich. Planning permission has now been secured at all three sites, providing for approximately 11,200 sq ft of new lettable space, broadly evenly distributed. However, updated advice indicates that construction costs have increased at a faster pace than projected rental growth, resulting in returns that are marginal relative to capital risk. While the Board does not currently consider progression of the schemes to be in shareholders' best interests, these opportunities will continue to be monitored.

Energy Performance Certificates

The industry continues to await clarity from government regarding the next phase of Minimum Energy Efficiency Standards. While a minimum EPC rating of C by the end of 2027 remains likely, it is not yet clear whether this will apply only to new transactions or also to existing leases.

Following a review of properties currently below this threshold, and taking account of improvements already completed by the Company and tenants, fresh EPCs are in the process of being lodged which would result in over 55% of units achieving a C rating or above.

The remaining units have been assessed and works identified to achieve a minimum C rating over the next 18 months. Typically, this involves the removal of gas‑fired heating in favour of air‑source heat pumps, together with upgraded LED lighting. A budget of £210,000 has been incorporated into our financial plans to deliver compliance by December 2027. In several cases, these improvements are expected to result in a B rating.

Refurbishment Expenditure

In addition to energy efficiency initiatives, planned capital expenditure includes refurbishment works at Liphook and Heathfield. Particular focus is being given to the replacement or over‑cladding of ageing asbestos cement sheet roofs, typically 40-50 years old, where repair is no longer viable.

Our energy performance and refurbishment projects are expected to deliver clear benefits in terms of both rental income and capital value in the future.

Chris Betts

Managing Director

16 June 2026

STATEMENT OF COMPREHENSIVE INCOME FOR YEAR ENDED 25 MARCH 2026

    The Company has no items of other comprehensive income.

STATEMENT OF FINANCIAL POSITION 25 MARCH 2026

Approved by the Board and authorised for issue on 16 June 2026

P.G.H. Collins                                    C.G. Betts

Director                                             Director

Registered number: 00022473

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 25 MARCH 2026