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REGISTERED NUMBER: 12094898 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Prograss Bio UK Ltd

| Prograss Bio UK Ltd (Registered number: 12094898) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Chartered Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 4 |

| Prograss Bio UK Ltd |

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | Mr G McEvoy

| Mr S D Bradley

| Mr S L Bradley

| SECRETARY: | Mrs J McEvoy

| REGISTERED OFFICE: | 4 Hatchery Close

| Appleton thorn

| Warrington

| Cheshire

| WA4 4TF

| REGISTERED NUMBER: | 12094898 (England and Wales)

| ACCOUNTANTS: | Chandler and Partners Limited

| 5 Moor Street

| Worcester

| Worcestershire

| WR1 3DB

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Prograss Bio UK Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Prograss Bio UK Ltd for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Prograss Bio UK Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prograss Bio UK Ltd and state those matters that we have agreed to state to the Board of Directors of Prograss Bio UK Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prograss Bio UK Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Prograss Bio UK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Prograss Bio UK Ltd. You consider that Prograss Bio UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Prograss Bio UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Chandler and Partners Limited

5 Moor Street

Worcester

Worcestershire

WR1 3DB

Date: .............................................

| Prograss Bio UK Ltd (Registered number: 12094898) |

Balance Sheet

31 December 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

CURRENT ASSETS

Stocks | 242,241 |  | 40,136 |  |

Debtors | 4 | 160,071 |  | 157,598 |  |

Cash at bank | 227,994 |  | 67,580 |  |

630,306 |  | 265,314 |  |

CREDITORS

Amounts falling due within one year | 5 | 675,802 |  | 366,496 |  |

NET CURRENT LIABILITIES | (45,496 | ) | (101,182 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (45,496 | ) | (101,182 | ) |

CAPITAL AND RESERVES

Called up share capital | 3,000 |  | 3,000 |  |

Retained earnings | (48,496 | ) | (104,182 | ) |

(45,496 | ) | (101,182 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

Mr G McEvoy - Director

| Prograss Bio UK Ltd (Registered number: 12094898) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Prograss Bio UK Ltd 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.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2023 - NIL ) .

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

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 156,511 |  | 154,038 |  |

| Other debtors | 3,560 |  | 2,560 |  |

| Directors' current accounts | - |  | 1,000 |  |

160,071 |  | 157,598 |  |

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

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 541,894 |  | 261,979 |  |

| VAT | 121,986 |  | 93,965 |  |

| Directors' current accounts | 10,650 |  | 9,280 |  |

| Accrued expenses | 1,272 |  | 1,272 |  |

675,802 |  | 366,496 |  |

6. | CREDITORS BALANCE: RELATED PARTY

| Included within total creditors is a balance of £529,803.09 due to Prograss Bio IRE. Based on available information, this entity is considered to be related to Prograss Bio UK Ltd, for which these financial statements are being prepared. The directors of the two companies also appear to be common.