Modern Slavery and Human Trafficking Statement

In accordance with Section 54 of the Modern Slavery Act 2015

Financial Year Ending: 2026-2027

1. Introduction and Commitment

BANOZE LTD is committed to conducting its business ethically, responsibly and with integrity. We recognise our responsibility to respect human rights and to prevent modern slavery, human trafficking, forced labour and child labour within our business operations and supply chains.

We adopt a zero-tolerance approach to modern slavery and are committed to identifying, assessing and addressing potential risks associated with our business activities.

This statement has been prepared in accordance with Section 54 of the Modern Slavery Act 2015 and outlines our approach to preventing modern slavery within our organisation and supply chains.

2. Organisation Structure and Business Activities

BANOZE LTD is a UK-based company specialising in the wholesale supply and distribution of tyres.

The company employs approximately 46 employees and has an annual turnover of approximately £40 million.

Our principal business activities include:

• Wholesale trading and distribution of tyres.
• Purchasing and supplying tyres to commercial customers.
• Managing supplier and customer relationships.
• Warehousing, stock management and distribution operations.
• Coordinating logistics and transportation activities.

We recognise that our supply chain may involve tyre manufacturers, distributors, transport providers, logistics partners and other service providers.

We are committed to promoting responsible business practices throughout these relationships.

3. Policies Relating to Modern Slavery

BANOZE LTD is committed to maintaining a working environment that respects the dignity, safety and rights of all employees.

Our approach is based on the following principles:

• Prohibition of forced, compulsory or bonded labour.
• Prohibition of human trafficking and child labour.
• Fair and lawful recruitment practices.
• Compliance with applicable employment legislation.
• Respect for employees' rights and freedoms.
• Fair treatment and non-discrimination.
• Encouraging employees to report concerns without fear of retaliation.

The company expects its employees, suppliers, contractors and business partners to uphold these principles.

4. Supply Chain Due Diligence

BANOZE LTD recognises the importance of responsible sourcing within the tyre wholesale industry.

Our approach to supplier due diligence is intended to identify and reduce risks of modern slavery within our supply chain.

Relevant measures include:

• Considering ethical business practices when selecting suppliers.
• Assessing potential risks associated with suppliers and geographical locations.
• Seeking appropriate assurances from suppliers regarding labour standards.
• Reviewing concerns or allegations relating to unethical employment practices.
• Taking appropriate action where credible evidence of modern slavery is identified.

We expect our suppliers and business partners to comply with applicable laws relating to employment, human rights and modern slavery.

5. Risk Assessment and Management

BANOZE LTD recognises that modern slavery risks can arise in different parts of the tyre manufacturing and distribution supply chain.

Potential areas of risk include:

• Overseas manufacturing and sourcing operations.
• Labour-intensive production processes.
• Third-party logistics and transportation providers.
• Warehousing and distribution activities.
• Recruitment through third-party employment agencies.

We aim to manage these risks through responsible purchasing decisions, appropriate supplier engagement and awareness of potential indicators of labour exploitation.

Where concerns are identified, the company will consider appropriate corrective action, including further investigation, engagement with the relevant supplier or termination of business relationships where necessary.

6. Employment and Recruitment Practices

BANOZE LTD recognises the importance of fair and transparent recruitment and employment practices.

Our employment standards are intended to ensure that:

• Employees are recruited voluntarily.
• Employees have the legal right to work in the United Kingdom.
• Wages and working arrangements comply with applicable UK legislation.
• Employees are not subjected to forced labour or coercion.
• Employees are free to leave their employment in accordance with applicable contractual and legal requirements.
• Recruitment practices do not involve unlawful fees or exploitation.

We are committed to maintaining a safe, respectful and professional working environment for all 46 employees.

7. Employee Awareness and Training

BANOZE LTD recognises that awareness is important in identifying and preventing modern slavery.

We aim to ensure that employees, particularly those involved in recruitment, purchasing, supplier management and logistics, understand the potential risks of modern slavery.

Relevant awareness activities may include:

• Communicating the company's commitment to preventing modern slavery.
• Helping employees recognise potential indicators of exploitation.
• Encouraging employees to raise concerns.
• Providing appropriate guidance to employees responsible for supplier relationships.

We will review opportunities to strengthen awareness and training as our business develops.

8. Reporting Concerns

BANOZE LTD encourages employees, suppliers and other stakeholders to report any genuine concerns relating to modern slavery, forced labour, human trafficking or unethical employment practices.

Concerns may be raised with the company's management or through any established internal reporting procedure.

Reports will be treated seriously, handled sensitively and reviewed as appropriate.

The company is committed to ensuring that individuals who raise concerns in good faith are not subjected to retaliation.

Where appropriate, suspected criminal activity will be referred to the relevant authorities.

9. Monitoring and Effectiveness

BANOZE LTD recognises that preventing modern slavery requires ongoing attention and improvement.

We aim to assess the effectiveness of our approach by considering:

• Supplier-related concerns and the actions taken in response.
• The effectiveness of recruitment and employment procedures.
• Employee awareness of modern slavery risks.
• The adequacy of internal reporting arrangements.
• Opportunities to improve supplier due diligence and risk management.

We are committed to reviewing our approach periodically and making improvements where necessary.

10. Continuous Improvement

BANOZE LTD is committed to strengthening its approach to ethical business practices and responsible supply chain management.

We will continue to consider opportunities to improve our procedures, enhance supplier engagement and promote awareness of modern slavery risks.

We recognise that combating modern slavery is an ongoing responsibility requiring vigilance, accountability and cooperation with our business partners.

11. Approval and Publication

This statement relates to BANOZE LTD for the financial year ending 2026-2027 and is prepared in accordance with Section 54 of the Modern Slavery Act 2015.

Subject to formal approval, this statement will be published on the company's website and reviewed annually.

Approved by the Board of Directors of BANOZE LTD on: 01.01.2026

Signed by:

Hamid Ali
Director, BANOZE LTD
Date 01.01.2026