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REGISTERED NUMBER: 08891639 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BLUE DIAMOND ASSETS LTD

BLUE DIAMOND ASSETS LTD (REGISTERED NUMBER: 08891639)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Certified Accountants' Report | 7 |

BLUE DIAMOND ASSETS LTD

COMPANY INFORMATION

for the Year Ended 31 March 2025

| DIRECTORS: | J C Kemp

| Mrs A Kemp

| Miss A R Kemp

| SECRETARY: | Mrs A Kemp

| REGISTERED OFFICE: | 16 Partridge Lane

| Bromham

| Bedford

| Bedfordshire

| MK43 8PQ

| REGISTERED NUMBER: | 08891639 (England and Wales)

| ACCOUNTANTS: | S R Lynn & Co

| Chartered Certified Accountants

| 6 Partridge Lane

| Bromham

| Bedford

| Bedfordshire

| MK43 8PQ

BLUE DIAMOND ASSETS LTD (REGISTERED NUMBER: 08891639)

ABRIDGED BALANCE SHEET

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 1,788,000 |  | 1,750,000 |  |

CURRENT ASSETS

Cash and cash equivalents | 5 | 92,151 |  | 142,538 |  |

CREDITORS

Amounts falling due within one year | 392,733 |  | 296,110 |  |

NET CURRENT LIABILITIES | (300,582 | ) | (153,572 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,487,418 |  | 1,596,428 |  |

CREDITORS

Amounts falling due after more than one year | (1,345,649 | ) | (1,432,649 | ) |

PROVISIONS FOR LIABILITIES | 6 | (37,596 | ) | (30,442 | ) |

NET ASSETS | 104,173 |  | 133,337 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 1,000 |  | 1,000 |  |

Retained earnings | 8 | 103,173 |  | 132,337 |  |

SHAREHOLDERS' FUNDS | 104,173 |  | 133,337 |  |

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 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.

BLUE DIAMOND ASSETS LTD (REGISTERED NUMBER: 08891639)

ABRIDGED BALANCE SHEET - 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 December 2025 and were signed on its behalf by:

J C Kemp - Director

BLUE DIAMOND ASSETS LTD (REGISTERED NUMBER: 08891639)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Blue Diamond Assets 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover comprises of revenue recognised by the company in respect of rental income and management charges during the year, exclusive of Value Added Tax.

| Investment property

| Investment property is carried at fair value determined anually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair values are recognised in the Statement of Income and Retained Earnings.

| Financial instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

| 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.

BLUE DIAMOND ASSETS LTD (REGISTERED NUMBER: 08891639)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of aquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Creditors

| Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest.

| Provisions for liabilities

| Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable

| estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to profit or loss in the year that the company becomes aware of

| the obligation, and are measured at the best estimate at the balance sheet date of the expenditure

| required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made. they are charged to the provision carried in the balance sheet.

| Finance costs

| Finance costs are charged to profit or loss over the term of the debt using the effective interest

| method so that the amount charged is at a constant rate on the carrying amount. Issue costs are

| initially recognised as a reduction in the proceeds of the associated capital instrument.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 1,750,000 |  |

| Revaluations | 38,000 |  |

| At 31 March 2025 | 1,788,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,788,000 |  |

| At 31 March 2024 | 1,750,000 |  |

| The 2025 valuations were made by the Directors' on an open market value for existing use basis.

| The historical cost of the properties is £1,543,085, fair value revaluations totalled £244,915 (2024: £206,915).

BLUE DIAMOND ASSETS LTD (REGISTERED NUMBER: 08891639)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

5. | CASH AND CASH EQUIVALENTS

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank deposit account | 92,151 |  | 142,538 |  |

6. | PROVISIONS FOR LIABILITIES

| 31.3.25 |  | 31.3.24

£ | £ |

| Deferred tax | 37,596 |  | 30,442 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 30,442 |  |

| Fair value adjustment | 7,154 |  |

| Balance at 31 March 2025 | 37,596 |  |

| The deferred tax provision is deferred tax on future investment property fair value gain.

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 1,000 | Ordinary | 1 | 1,000 |  | 1,000 |  |

8. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2024 | 132,337 |  |

| Deficit for the year | (29,164 | ) |

| At 31 March 2025 | 103,173 |  |

9. | RELATED PARTY DISCLOSURES

| JCA Packaging Limited is a Company in which John Kemp is a director. As at 31 March 2025, Blue

| Diamond Assets Limited owed JCA Packaging Limited £1,341,412 (2024: £1,370,412). Interest has been

| accrued on this account during the year at 2% above base and amounted to £96,623 (2024: £99,235).

| This has not yet been paid and is included within accruals.

| At the year end, £4,237 (2024: £62,237) was due to John Kemp, a Director. Interest of £nil

| (2024:£nil has been accrued on this loan. The loan is repayable in at least 12 months and 1 day after

| the Balance Sheet date.

| The Ultimate Controlling Parties are John and Amanda Kemp, who each own 50% of the share capital.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

BLUE DIAMOND ASSETS 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 Blue Diamond Assets Ltd for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Abridged 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Blue Diamond Assets 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 Blue Diamond Assets Ltd and state those matters that we have agreed to state to the Board of Directors of Blue Diamond Assets Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Blue Diamond Assets 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 Blue Diamond Assets Ltd. You consider that Blue Diamond Assets 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 Blue Diamond Assets 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.

S R Lynn & Co

Chartered Certified Accountants

6 Partridge Lane

Bromham

Bedford

Bedfordshire

MK43 8PQ

4 December 2025