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REGISTERED NUMBER: 04205941 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Galalane Limited

Galalane Limited (Registered number: 04205941)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Galalane Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | Ms K K W Y Chua

| J C G Chua

| C X Y Chua

| REGISTERED OFFICE: | Unit 7-9 Meridian Trading Estate

| Bugsby Way

| London

| SE7 7SW

| REGISTERED NUMBER: | 04205941 (England and Wales)

| AUDITORS: | Thornton Springer LLP

| Chartered Accountants and

| Statutory Auditor

| 67 Westow Street

| London

| SE19 3RW

Galalane Limited (Registered number: 04205941)

Balance Sheet

31 December 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

FIXED ASSETS

Investments | 5 | 500,218 |  | 500,118 |  |

CURRENT ASSETS

Debtors | 6 | 200 |  | - |  |

CREDITORS

Amounts falling due within one year | 7 | (701,154 | ) | (701,054 | ) |

NET CURRENT LIABILITIES | (700,954 | ) | (701,054 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (200,736 | ) | (200,936 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 16,092,930 |  | 16,092,730 |  |

Retained earnings | (16,293,666 | ) | (16,293,666 | ) |

SHAREHOLDERS' FUNDS | (200,736 | ) | (200,936 | ) |

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

Ms K K W Y Chua - Director

Galalane Limited (Registered number: 04205941)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Galalane 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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" including the provisions of Section 1A "Small Entities" 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.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Going concern

| The liabilities exceed assets by £200,736. However, included within other creditors there are balances of £700,936 owed to group undertakings which the directors have confirmed will not be paid until the company is able to fund its own operations from realised profits. The company also owns 100% of the share capital of Chuanglee Limited and Chuanglee Cash & Carry Limited and both companies have substantial surplus reserves to support the parent company. On this basis the directors considers it appropriate to prepare accounts on a going concern basis.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

Galalane Limited (Registered number: 04205941)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2024 | 500,118 |  |

| Additions | 100 |  |

| At 31 December 2024 | 500,218 |  |

| NET BOOK VALUE

| At 31 December 2024 | 500,218 |  |

| At 31 December 2023 | 500,118 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Chuanglee Limited

| Registered office: Unit 7-9 Meridian Trading Estate,Bugsby Way, London, SE7 7SW

| Nature of business: Retail

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31.12.24 |  | 31.12.23

£ | £ |

| Aggregate capital and reserves | 1,993,144 |  | 1,576,896 |  |

| Profit for the year/period | 416,248 |  | 824,621 |  |

| Chuanglee Cash & Carry Limited

| Registered office: Unit 7-9 Meridian Trading Estate, Bugsby Way, London, SE7 7SW

| Nature of business: Retail

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31.12.24 |  | 31.12.23

£ | £ |

| Aggregate capital and reserves | 975,952 |  | 778,717 |  |

| Profit/(loss) for the year/period | 197,235 |  | (197,174 | ) |

| Chuanglee MiniC Greenwich Limited

| Registered office: Unit 7-9 Meridian Trading Estate, Bugsby Way, London, SE7 7SW

| Nature of business: Retail

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31.12.24 |

£ |  |

| Aggregate capital and reserves | (34,092 | ) |

| Loss for the year | (34,192 | ) |

Galalane Limited (Registered number: 04205941)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Other debtors | 200 |  | - |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Amounts owed to group undertakings | 700,936 |  | 700,936 |  |

| Other creditors | 218 |  | 118 |  |

701,154 |  | 701,054 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 16,092,730 | Ordinary A | £1 | 16,092,730 |  | 16,092,730 |  |

| 200 | Ordinary B | £1 | 200 |  | - |  |

16,092,930 |  | 16,092,730 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Zahid Saleem ACA FCCA MBA (Senior Statutory Auditor)

| for and on behalf of Thornton Springer LLP

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. | ULTIMATE CONTROLLING PARTY

| The parent company during the financial year is Bamboo Mart UK Limited, a company incorporated in England and Wales.

| These accounts have been consolidated in the Bamboo Mart UK Limited accounts and for which copies of the consolidated financial statements can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ (Smallest group).

| The ultimate parent company is NR Instant Produce Public Company Limited, a company registered in Thailand (Largest group).

| The directors of the immediate parent company are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.