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REGISTERED NUMBER: 08662729 (England and Wales)

| Financial Statements

| for the Year Ended 31 December 2024

| for

| Maxim Label And

| Packaging (UK) Limited

Maxim Label And

Packaging (UK) Limited (Registered number: 08662729)

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 |

Maxim Label And

Packaging (UK) Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | C Lee

| D Devine

| REGISTERED OFFICE: | c/o Parker Cavendish, Suite 301

| Stanmore Business and Innovation Centre

| Howard Road

| Stanmore

| Middlesex

| HA7 1FW

| REGISTERED NUMBER: | 08662729 (England and Wales)

| AUDITORS: | Parker Cavendish

| Chartered Accountants

| Registered Auditor

| Suite 301, Stanmore Business

| and Innovation Centre

| Howard Road

| Stanmore

| Middlesex

| HA7 1FW

Maxim Label And

Packaging (UK) Limited (Registered number: 08662729)

Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 5 | 60,595 |  | 56,450 |  |

Investments | 6 | 10,854 |  | - |  |

71,449 |  | 56,450 |  |

CURRENT ASSETS

Inventories | 97,385 |  | 103,061 |  |

Debtors | 7 | 2,027,191 |  | 1,309,926 |  |

Cash at bank and in hand | 183,616 |  | 133,735 |  |

2,308,192 |  | 1,546,722 |  |

CREDITORS

Amounts falling due within one year | 8 | 901,929 |  | 898,641 |  |

NET CURRENT ASSETS | 1,406,263 |  | 648,081 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,477,712 |  | 704,531 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 1,135,742 |  | 1,140,320 |  |

NET ASSETS/(LIABILITIES) | 341,970 |  | (435,789 | ) |

CAPITAL AND RESERVES

Called up share capital | 1,125,700 |  | 1,125,700 |  |

Share premium | 914,287 |  | 914,287 |  |

Retained earnings | (1,698,017 | ) | (2,475,776 | ) |

SHAREHOLDERS' FUNDS | 341,970 |  | (435,789 | ) |

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 20 November 2025 and were signed on its behalf by:

C Lee - Director

Maxim Label And

Packaging (UK) Limited (Registered number: 08662729)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Maxim Label And Packaging (UK) 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

| Turnover

| Turnover represents amounts receivable for goods net of VAT and trade discounts. Income is recognised on the dispatch of goods.

| Tangible fixed assets

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

| Short leasehold | - | straight line over the life of the lease

| Improvements to property | - | straight line over the life of the lease

| Plant and machinery | - | 20% on cost

| Stocks

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

| 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.

| 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.

Maxim Label And

Packaging (UK) Limited (Registered number: 08662729)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

3. | ACCOUNTING POLICIES - continued

| 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.

| Going concern

| The financial statements have been prepared on a going concern basis. The Company is dependent on the continued financial support of its parent company in order to meet its liabilities as they fall due and to continue its operations. The parent company has confirmed its intention to provide financial support to the Company for at least the next 12 months from the date of approval of these financial statements.

| Having reviewed the company's financial forecasts and expected future cash flows, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Although the Company is reliant on the parent company's continued financial support, the directors do not consider that this dependency constitutes a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. Thus the going concern basis has been adopted in preparing the financial statements for the year ended 31 December 2024.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 13 (2023 - 14 ) .

5. | PROPERTY, PLANT AND EQUIPMENT

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | - |  | 495,137 |  | 495,137 |  |

| Additions | 24,072 |  | 2,405 |  | 26,477 |  |

| At 31 December 2024 | 24,072 |  | 497,542 |  | 521,614 |  |

| DEPRECIATION

| At 1 January 2024 | - |  | 438,687 |  | 438,687 |  |

| Charge for year | - |  | 22,332 |  | 22,332 |  |

| At 31 December 2024 | - |  | 461,019 |  | 461,019 |  |

| NET BOOK VALUE

| At 31 December 2024 | 24,072 |  | 36,523 |  | 60,595 |  |

| At 31 December 2023 | - |  | 56,450 |  | 56,450 |  |

6. | FIXED ASSET INVESTMENTS

| Investments (neither listed nor unlisted) were as follows:

2024 | 2023 |

£ | £ |

| Maxim Dubai | 10,854 |  | - |  |

7. | DEBTORS

2024 | 2023 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 166,519 |  | 109,660 |  |

| Other debtors | 621,601 |  | 576,159 |  |

788,120 |  | 685,819 |  |

Maxim Label And

Packaging (UK) Limited (Registered number: 08662729)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | DEBTORS - continued

2024 | 2023 |

£ | £ |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | 1,239,071 |  | 624,107 |  |

| Aggregate amounts | 2,027,191 |  | 1,309,926 |  |

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

2024 | 2023 |

£ | £ |

| Trade creditors | 814,430 |  | 804,141 |  |

| Taxation and social security | 18,948 |  | 13,049 |  |

| Other creditors | 68,551 |  | 81,451 |  |

901,929 |  | 898,641 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Other creditors | 1,135,742 |  | 1,140,320 |  |

10. | LEASING AGREEMENTS

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

2024 | 2023 |

£ | £ |

| Within one year | 152,000 |  | 152,000 |  |

| Between one and five years | 608,000 |  | 608,000 |  |

| In more than five years | 597,173 |  | 749,173 |  |

1,357,173 |  | 1,509,173 |  |

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

| The Report of the Auditors was unqualified.

| We draw your attention to Note 3 in the financial statements, which describes the directors' assessment of the Company's ability to continue as a going concern. The Company's forecasts indicate that continued support from the parent company will be required for at least the next 12 months. While this gives rise to uncertainty, the directors have concluded that these circumstances do not represent a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

| Raymond Rubenstein (Senior Statutory Auditor)

| for and on behalf of Parker Cavendish

Maxim Label And

Packaging (UK) Limited (Registered number: 08662729)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

12. | RELATED PARTY DISCLOSURES

| The company has taken advantage of the exemption available under FRS102 1A whereby it has not disclosed transactions and balances with any wholly owned group companies.

| At the year end, an amount of £1,135,742 (2023: £1,140,320) was due to Maxim Smart Manufacturing Co., the parent company. This balance is repayable in 2028. The loans are interest bearing at a fixed rate of 3% per annum up to 19 June 2025 and then at 4.75% per annum from 20 June 2025.

| At the year end, an amount of £612,221 (2023: £624,107) was due from Maxim Label and Packaging Germany GmbH & Co. KG (previously known as Klaus Korte Etiketten GmbH & Co. KG), a subsidiary company. This balance is repayable in 2028. The loans are interest bearing at a fixed rate of 3% per annum up to 19 June 2025 and then at 4.75% per annum from 20 June 2025.

13. | PARENT COMPANY

| The parent company is Maxim Smart Manufacturing Co., a company incorporated in China and its registered office is No.398 Jinxiu Avenue, Yaozhuang Town, Jiashan County, Zhejiang Province.