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REGISTERED NUMBER: 12487193 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Ponga Fern Developments Ltd |

Ponga Fern Developments Ltd (Registered number: 12487193)

Contents of the Financial Statements

for the Year Ended 31 March 2025

| Page |

Company information | 1 |

Chartered accountants' report | 2 |

Statement of financial position | 3 |  | to |  | 4

Notes to the financial statements | 5 |  | to |  | 7

Ponga Fern Developments Ltd

Company Information

for the Year Ended 31 March 2025

| Director: | R Kuttel

| Registered office: | 27 Market Place

| Market Deeping

| Peterborough

| Cambridgeshire

| England

| PE6 8EA

| Registered number: | 12487193 (England and Wales)

| Accountants: | Moore Thompson

| 27 Market Place

| Market Deeping

| Peterborough

| Cambridgeshire

| PE6 8EA

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Ponga Fern Developments Ltd

The following reproduces the text of the report prepared for the director 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 Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director 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 Ponga Fern Developments Ltd for the year ended 31 March 2025 which comprise the Income statement, Statement of financial position 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 director of Ponga Fern Developments Ltd in accordance with the terms of our engagement letter dated 16 November 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Ponga Fern Developments Ltd and state those matters that we have agreed to state to the director of Ponga Fern Developments Ltd 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 Ponga Fern Developments Ltd and its director for our work or for this report.

It is your duty to ensure that Ponga Fern Developments 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 loss of Ponga Fern Developments Ltd. You consider that Ponga Fern Developments 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 Ponga Fern Developments 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.

Moore Thompson

27 Market Place

Market Deeping

Peterborough

Cambridgeshire

PE6 8EA

5 November 2025

Ponga Fern Developments Ltd (Registered number: 12487193)

Statement of Financial Position

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 5 | 485 |  | 1,126 |  |

Investment property | 6 | 775,000 |  | - |  |

775,485 |  | 1,126 |  |

Current assets

Stocks | 660,244 |  | 1,021,833 |  |

Debtors | 7 | 265,074 |  | 490,061 |  |

Cash at bank | 5,667 |  | 12,093 |  |

930,985 |  | 1,523,987 |  |

Creditors

Amounts falling due within one year | 8 | 1,450,873 |  | 1,420,554 |  |

Net current (liabilities)/assets | (519,888 | ) | 103,433 |  |

Total assets less current liabilities | 255,597 |  | 104,559 |  |

Provisions for liabilities | (37,237 | ) | (191 | ) |

Accruals and deferred income | (5,627 | ) | (2,678 | ) |

Net assets | 212,733 |  | 101,690 |  |

Capital and reserves

Called up share capital | 100 |  | 100 |  |

Revaluation reserve | 9 | 146,321 |  | - |  |

Retained earnings | 66,312 |  | 101,590 |  |

212,733 |  | 101,690 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Ponga Fern Developments Ltd (Registered number: 12487193)

Statement of Financial Position - continued

31 March 2025

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 director and authorised for issue on 5 November 2025 and were signed by:

R Kuttel - Director

Ponga Fern Developments Ltd (Registered number: 12487193)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | Statutory information

| Ponga Fern Developments 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 (£).

| Due to a change in the company's year end, the comparative figures cover a period of 13 months, whereas the current financial statements cover a period of 12 months. Therefore the comparative figures may not be entirely comparable.

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 as modified by the revaluation of certain assets.

| Tangible fixed assets

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

| Plant and machinery | - | 20% on a straight line basis

| Computer equipment | - | 33% on cost

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Stocks are valued at lower of cost and net realisable value.

| 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 statement of financial position date.

Ponga Fern Developments Ltd (Registered number: 12487193)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

3. | Accounting policies - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| 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.

4. | Employees and directors

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

5. | Tangible fixed assets

| Plant and

| machinery

| etc

£ |

| Cost

| At 1 April 2024

| and 31 March 2025 | 2,720 |  |

| Depreciation

| At 1 April 2024 | 1,594 |  |

| Charge for year | 641 |  |

| At 31 March 2025 | 2,235 |  |

| Net book value

| At 31 March 2025 | 485 |  |

| At 31 March 2024 | 1,126 |  |

6. | Investment property

| Total

£ |

| Fair value

| Additions | 579,905 |  |

| Revaluations | 195,095 |  |

| At 31 March 2025 | 775,000 |  |

| Net book value

| At 31 March 2025 | 775,000 |  |

Ponga Fern Developments Ltd (Registered number: 12487193)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | Investment property - continued

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 195,095 |  |

| Cost | 579,905 |  |

775,000 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 579,905 |  | - |  |

| Investment property was valued on an open market basis basis on 31 March 2025 by the directors .

7. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Amounts owed by related parties | 263,964 |  | 483,086 |  |

| Other debtors | 1,110 |  | 6,975 |  |

265,074 |  | 490,061 |  |

8. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Trade creditors | 6,769 |  | 8,602 |  |

| Amounts owed to related parties | 506,627 |  | 506,627 |  |

| Taxation and social security | 800 |  | 750 |  |

| Other creditors | 936,677 |  | 904,575 |  |

1,450,873 |  | 1,420,554 |  |

9. | Reserves

| Revaluation

| reserve

£ |

| Revaluation | 195,095 |  |

| Deferred tax | (48,774 | ) |

| At 31 March 2025 | 146,321 |  |

10. | Related party disclosures

| As at the balance sheet date £263,964 (2024: £483,086) remains outstanding from Ponga Fern Properties Ltd, a company under common control.

| As at the balance sheet date £506,627 (2024: £506,627) remains outstanding to PFQ Solutions Ltd, a company under common control.