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REGISTERED NUMBER: 06570267 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 JUNE 2025 |

| FOR |

| BETTER WORLD BOOKS LTD. |

BETTER WORLD BOOKS LTD. (REGISTERED NUMBER: 06570267)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 30 June 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

BETTER WORLD BOOKS LTD.

COMPANY INFORMATION

for the year ended 30 June 2025

| DIRECTORS: | Ms L Day

| Mr D J Holland

| Ms G Patton-Schmitt

| SECRETARY: | Ms G Patton-Schmitt

| REGISTERED OFFICE: | Third Floor One London Square

| Cross Lanes

| Guildford

| GU1 1UN

| REGISTERED NUMBER: | 06570267 (England and Wales)

| AUDITORS: | Haines Watts Scotland

| Business Advisors, Accountants and

| Statutory Auditors

| Q Court

| 3 Quality Street

| Edinburgh

| EH4 5BP

BETTER WORLD BOOKS LTD. (REGISTERED NUMBER: 06570267)

BALANCE SHEET

30 June 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 195,144 |  | 98,306 |  |

CURRENT ASSETS

Stocks | 1,471,733 |  | 1,096,923 |  |

Debtors | 5 | 294,352 |  | 1,316,547 |  |

Cash at bank and in hand | 1,224,050 |  | 23,703 |  |

2,990,135 |  | 2,437,173 |  |

CREDITORS

Amounts falling due within one year | 6 | (1,064,333 | ) | (1,306,542 | ) |

NET CURRENT ASSETS | 1,925,802 |  | 1,130,631 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,120,946 |  | 1,228,937 |  |

PROVISIONS FOR LIABILITIES | (26,843 | ) | (21,791 | ) |

NET ASSETS | 2,094,103 |  | 1,207,146 |  |

CAPITAL AND RESERVES

Called up share capital | 50,001 |  | 50,001 |  |

Retained earnings | 2,044,102 |  | 1,157,145 |  |

2,094,103 |  | 1,207,146 |  |

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 13 October 2025 and were signed on its behalf by:

Ms L Day - Director

BETTER WORLD BOOKS LTD. (REGISTERED NUMBER: 06570267)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 June 2025

1. | STATUTORY INFORMATION

| Better World Books 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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

| Revenue, derived from the principal activity of obtaining new and used books for retailing over the internet, is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The revenue is recognised in the period to which it relates.

| TANGIBLE FIXED ASSETS

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| - Construction in progress - not provided

| - Plant and machinery: 20-25% straight line

| - Fixtures, fittings and equipment: 20-25% straight line

| - Computer equipment: 25-33% straight line

| The assets' residual values, useful lives and depreciation methods are reviewed and adjusted as appropriate, or if there is an indication of a significant change since the last reporting date.

| STOCKS

| Stocks are valued at the lower of cost and net realisable values, determined on a cumulative basis including all costs incurred to bring books into inventory, including packaging, shipping, labour and other sourcing related costs, after making due allowances for obsolete and slow moving stocks. Costs include all direct costs and an appropriate proportion of fixed and variable overheads.

| FINANCIAL INSTRUMENTS

| 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 it's financial instruments.

| Financial instruments are recognised 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.

BETTER WORLD BOOKS LTD. (REGISTERED NUMBER: 06570267)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| TAXATION

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| FOREIGN CURRENCIES

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| LEASES

| Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

| PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 41 (2024 - 43 ) .

BETTER WORLD BOOKS LTD. (REGISTERED NUMBER: 06570267)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 June 2025

4. | TANGIBLE FIXED ASSETS

| Construction |  | Fixtures |

| in |  | Plant and |  | and |  | Computer |

| progress |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 July 2024 | - |  | 152,778 |  | 411,406 |  | 85,817 |  | 650,001 |  |

| Additions | 72,249 |  | - |  | 80,768 |  | - |  | 153,017 |  |

| Disposals | - |  | - |  | (6,038 | ) | - |  | (6,038 | ) |

| At 30 June 2025 | 72,249 |  | 152,778 |  | 486,136 |  | 85,817 |  | 796,980 |  |

| DEPRECIATION

| At 1 July 2024 | - |  | 133,346 |  | 356,710 |  | 61,639 |  | 551,695 |  |

| Charge for year | - |  | 13,258 |  | 29,808 |  | 12,544 |  | 55,610 |  |

| Eliminated on disposal | - |  | - |  | (5,469 | ) | - |  | (5,469 | ) |

| At 30 June 2025 | - |  | 146,604 |  | 381,049 |  | 74,183 |  | 601,836 |  |

| NET BOOK VALUE

| At 30 June 2025 | 72,249 |  | 6,174 |  | 105,087 |  | 11,634 |  | 195,144 |  |

| At 30 June 2024 | - |  | 19,432 |  | 54,696 |  | 24,178 |  | 98,306 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 82,661 |  | 1,066,955 |  |

| Other debtors | 211,691 |  | 249,592 |  |

294,352 |  | 1,316,547 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 539,117 |  | 477,472 |  |

| Amounts owed to group undertakings | 51,067 |  | 583,750 |  |

| Tax | 261,780 |  | 41,542 |  |

| Social security and other taxes | 36,221 |  | 21,455 |  |

| Other creditors | 14,574 |  | 10,787 |  |

| Accrued expenses | 161,574 |  | 171,536 |  |

1,064,333 |  | 1,306,542 |  |

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 191,382 |  | 108,225 |  |

| Between one and five years | 650,587 |  | 13,200 |  |

841,969 |  | 121,425 |  |

BETTER WORLD BOOKS LTD. (REGISTERED NUMBER: 06570267)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 June 2025

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

| The Report of the Auditors was unqualified.

| Craig Hunter (Senior Statutory Auditor)

| for and on behalf of Haines Watts Scotland

9. | 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.

10. | ULTIMATE CONTROLLING PARTY

| The immediate parent company of Better World Books Ltd. is Qumpus Inc. trading as Better World Books and it's registered office is 55740 Currant Road, Mishawaka, IN46545, United States.

| The ultimate controlling party is Better World Libraries, a not-for-profit organisation registered in the United States. Better World Libraries is the parent entity of the largest group for which the results of Better World Books Limited are included in consolidated accounts, these are available from their registered office at 55740 Currant Road, Mishawaka, IN46545, United States.