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REGISTERED NUMBER: 06041619 (England and Wales)

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTOR AND |

| AUDITED |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| DATA DIRECT HOLDINGS LIMITED |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Director | 3 |

| Report of the Independent Auditors | 5 |

| Consolidated Statement of Comprehensive Income | 8 |

| Consolidated Balance Sheet | 10 |

| Company Balance Sheet | 11 |

| Consolidated Statement of Changes in Equity | 12 |

| Company Statement of Changes in Equity | 13 |

| Consolidated Cash Flow Statement | 14 |

| Notes to the Consolidated Cash Flow Statement | 15 |

| Notes to the Consolidated Financial Statements | 17 |

| DATA DIRECT HOLDINGS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTOR: | P M Winterbotham

| REGISTERED OFFICE: | 11 Ivanhoe Road

| Hogwood Industrial Estate

| Finchampstead

| Wokingham

| Berkshire

| RG40 4QQ

| REGISTERED NUMBER: | 06041619 (England and Wales)

| AUDITORS: | TGFP

| Chartered Accountants & Statutory Auditors

| Fulford House

| Newbold Terrace

| Leamington Spa

| Warwickshire

| CV32 4EA

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The director presents his strategic report of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS

The Data Direct group has developed a strategic plan which is reviewed every year. This is being delivered in all areas of the business to:

- Maintain and strengthen our position in the marketplace

- Develop and support our customers to ensure that we maintain high standards of professionalism

- Maintain and build upon our financial performance

PRINCIPAL RISKS AND UNCERTAINTIES

Credit Risk

The group manages credit risk through export insurance, and monitoring levels of credit given to customers.

Competitive Risk

The group operates in a competitive environment, to mitigate this risk, we ensure that the services provided are in line with our customers needs, and that strong relationships are maintained with our key customers.

Technical Risk

The group ensures that it has appropriate professional indemnity insurance.

KEY PERFORMANCE INDICATORS

The turnover has increased from £20.5million in 2024 to £21.8million in 2025.

Gross profit margin has increased from 21.97% in 2024 to 23.62% in 2025.

We have continued to sustain a net current asset position within the group, and our key performance indicators of debtor days have decreased from 69 days last year to 58 days this year. Stock days have decreased to 70 days from 75 days in 2024. This is representative of the market conditions, and our move to ensure we have appropriate stock levels in place to counter any delays in shipping.

FUTURE DEVELOPMENTS

The directors continue to ensure strategies are in place to innovate and ensure efficiencies throughout the business. The directors continue to remain agile to current market conditions.

ON BEHALF OF THE BOARD:

P M Winterbotham - Director

24 December 2025

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31 MARCH 2025

The director presents his report with the financial statements of the company and the group for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a holding company.

The principal activity of the group in the year under review was that of the sale of computer consumables.

DIVIDENDS

Details of dividends paid are disclosed in Note 11 to the Consolidated Financial Statements.

DIRECTOR

P M Winterbotham held office during the whole of the period from 1 April 2024 to the date of this report.

FINANCIAL INSTRUMENTS

The business' principal financial instruments comprise bank balances, trade debtors and trade creditors. The main purpose of these instruments is to finance the business' operations.

Debtors are managed in respect of credit risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits.

Creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

DISCLOSURE IN THE STRATEGIC REPORT

In accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors Report) Regulations 2013, the company has prepared a Strategic Report, which includes information that would have previously been included in the Directors' Report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, TGFP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P M Winterbotham - Director

24 December 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

DATA DIRECT HOLDINGS LIMITED

Opinion

We have audited the financial statements of Data Direct Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's loss for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

DATA DIRECT HOLDINGS LIMITED

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of director's remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

DATA DIRECT HOLDINGS LIMITED

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have considered how irregularities, including fraud, can be detected in this business and how they may occur.

To mitigate these risks we have carried out the following risk assessment procedures:

- Enquiry with management and those charged with governance regarding any known or suspected instances of fraud;

- Performing analytical review procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- Testing of journal entries throughout the year and post year end which met a defined risk criteria.

In respect of non- compliance with laws and regulations we have carried out the following enquiries:

- Review of correspondence with tax authorities for any instances of non-compliance with tax laws and regulations;

- Reviewing the financial statements disclosures and agreeing to supporting documentation

- Review of legal expenditure and understanding the nature of expenditure incurred.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

BENJAMIN REYNOLDS BSc(Hons) FCA (Senior Statutory Auditor)

for and on behalf of TGFP

Chartered Accountants & Statutory Auditors

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

24 December 2025

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

CONSOLIDATED

STATEMENT OF COMPREHENSIVE

INCOME

FOR THE YEAR ENDED 31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

TURNOVER | 3 | 21,769,781 |  | 20,451,132 |  |

Cost of sales | 16,627,298 |  | 15,957,508 |  |

GROSS PROFIT | 5,142,483 |  | 4,493,624 |  |

Distribution costs | 1,777,048 |  | 1,423,616 |  |

Administrative expenses | 2,447,085 |  | 2,374,688 |  |

|  |  | 4,224,133 |  |  |  |  | 3,798,304 |  |

918,350 |  | 695,320 |  |

Other operating income | 4 | 91,666 |  | 99,198 |  |

OPERATING PROFIT | 6 | 1,010,016 |  | 794,518 |  |

Interest receivable and similar income | 59,604 |  | - |  |

1,069,620 |  | 794,518 |  |

Amounts written off investments | 8 | 1,700,000 |  | - |  |

(630,380 | ) | 794,518 |  |

Interest payable and similar expenses | 9 | 156,844 |  | 175,288 |  |

(LOSS)/PROFIT BEFORE TAXATION | (787,224 | ) | 619,230 |  |

Tax on (loss)/profit | 10 | 245,840 |  | 213,401 |  |

(LOSS)/PROFIT FOR THE FINANCIAL YEAR | (1,033,064 | ) | 405,829 |  |

OTHER COMPREHENSIVE INCOME |

Property revaluations | 781,848 |  | - |  |

Deferred tax on revaluations | (242,122 | ) | - |  |

Accumulated depreciation on revaluations | 239,087 |  | - |  |

Income tax relating to components of other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | 778,813 |  | - |  |

TOTAL COMPREHENSIVE (LOSS)/INCOME FOR THE YEAR | (254,251 | ) | 405,829 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

CONSOLIDATED

STATEMENT OF COMPREHENSIVE

INCOME

FOR THE YEAR ENDED 31 MARCH 2025

| 2025 |  | 2024

£ | £ |

(Loss)/profit attributable to:

Owners of the parent | (1,033,064 | ) | 405,829 |  |

Total comprehensive (loss)/income attributable to:

Owners of the parent | (254,251 | ) | 405,829 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

CONSOLIDATED BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 13 | - |  | - |  |

Tangible assets | 14 | 2,817,286 |  | 1,825,459 |  |

Investments | 15 | - |  | 1,700,000 |  |

Investment property | 16 | 1,550,676 |  | - |  |

4,367,962 |  | 3,525,459 |  |

CURRENT ASSETS

Stocks | 17 | 3,186,337 |  | 3,258,187 |  |

Debtors | 18 | 6,507,763 |  | 7,185,917 |  |

Cash at bank | 256,884 |  | 517,977 |  |

9,950,984 |  | 10,962,081 |  |

CREDITORS

Amounts falling due within one year | 19 | 8,876,980 |  | 8,713,492 |  |

NET CURRENT ASSETS | 1,074,004 |  | 2,248,589 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,441,966 |  | 5,774,048 |  |

CREDITORS

Amounts falling due after more than one year | 20 | (1,325,285 | ) | (1,483,452 | ) |

PROVISIONS FOR LIABILITIES | 25 | (262,356 | ) | (24,020 | ) |

NET ASSETS | 3,854,325 |  | 4,266,576 |  |

CAPITAL AND RESERVES

Called up and paid share capital | 26 | 10,000 |  | 10,000 |  |

Revaluation reserve | 27 | 586,386 |  | - |  |

Retained earnings | 27 | 3,257,939 |  | 4,256,576 |  |

SHAREHOLDERS' FUNDS | 3,854,325 |  | 4,266,576 |  |

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

P M Winterbotham - Director

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

COMPANY BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 13 | - |  | - |  |

Tangible assets | 14 | - |  | - |  |

Investments | 15 | 3,591,848 |  | 3,591,848 |  |

Investment property | 16 | 1,550,676 |  | - |  |

5,142,524 |  | 3,591,848 |  |

CURRENT ASSETS

Cash at bank | 8,034 |  | 244 |  |

CREDITORS

Amounts falling due within one year | 19 | 4,700,989 |  | 3,296,951 |  |

NET CURRENT LIABILITIES | (4,692,955 | ) | (3,296,707 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 449,569 |  | 295,141 |  |

CAPITAL AND RESERVES

Called up and paid share capital | 26 | 10,000 |  | 10,000 |  |

Retained earnings | 27 | 439,569 |  | 285,141 |  |

SHAREHOLDERS' FUNDS | 449,569 |  | 295,141 |  |

Company's profit for the financial year | 312,428 |  | 292,276 |  |

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

P M Winterbotham - Director

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

| Called up |

| and paid |

| share |  | Retained |  | Revaluation |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 April 2023 | 10,000 |  | 4,150,747 |  | - |  | 4,160,747 |  |

Changes in equity

Total comprehensive income | - |  | 405,829 |  | - |  | 405,829 |  |

Dividends | - |  | (300,000 | ) | - |  | (300,000 | ) |

Balance at 31 March 2024 | 10,000 |  | 4,256,576 |  | - |  | 4,266,576 |  |

Changes in equity

Total comprehensive loss | - |  | (254,251 | ) | - |  | (254,251 | ) |

Dividends | - |  | (158,000 | ) | - |  | (158,000 | ) |

Transfer | - |  | (586,386 | ) | 586,386 |  | - |  |

Balance at 31 March 2025 | 10,000 |  | 3,257,939 |  | 586,386 |  | 3,854,325 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

| Called up |

| and paid |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 April 2023 | 10,000 |  | 292,865 |  | 302,865 |  |

Changes in equity

Total comprehensive income | - |  | 292,276 |  | 292,276 |  |

Dividends | - |  | (300,000 | ) | (300,000 | ) |

Balance at 31 March 2024 | 10,000 |  | 285,141 |  | 295,141 |  |

Changes in equity

Total comprehensive income | - |  | 312,428 |  | 312,428 |  |

Dividends | - |  | (158,000 | ) | (158,000 | ) |

Balance at 31 March 2025 | 10,000 |  | 439,569 |  | 449,569 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 710,133 |  | 1,199,295 |  |

Interest paid | (143,493 | ) | (172,304 | ) |

Interest element of hire purchase payments paid | (13,351 | ) | (2,984 | ) |

Tax paid | (278,257 | ) | (2,791 | ) |

Net cash from operating activities | 275,032 |  | 1,021,216 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (19,090 | ) | (6,237 | ) |

Interest received | 59,604 |  | - |  |

Net cash from investing activities | 40,514 |  | (6,237 | ) |

Cash flows from financing activities

Bank and other loans raised | 341,570 |  | - |  |

Bank and other loans repaid | (444,923 | ) | (442,419 | ) |

Hire purchase capital repaid | (14,750 | ) | (14,750 | ) |

Amount withdrawn by directors | (300,536 | ) | (66,070 | ) |

Equity dividends paid | (158,000 | ) | (300,000 | ) |

Net cash from financing activities | (576,639 | ) | (823,239 | ) |

(Decrease)/increase in cash and cash equivalents | (261,093 | ) | 191,740 |  |

Cash and cash equivalents at beginning of year | 2 | 517,977 |  | 326,237 |  |

Cash and cash equivalents at end of year | 2 | 256,884 |  | 517,977 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

1. | RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| (Loss)/profit before taxation | (787,224 | ) | 619,230 |  |

| Depreciation charges | 48,198 |  | 248,177 |  |

| Impairment loss on investments | 1,700,000 |  | - |  |

| Finance costs | 156,844 |  | 175,288 |  |

| Finance income | (59,604 | ) | - |  |

1,058,214 |  | 1,042,695 |  |

| Decrease in stocks | 71,850 |  | 90,529 |  |

| Decrease/(increase) in trade and other debtors | 678,154 |  | (425,699 | ) |

| (Decrease)/increase in trade and other creditors | (1,098,085 | ) | 491,770 |  |

| Cash generated from operations | 710,133 |  | 1,199,295 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 March 2025

| 31.3.25 |  | 1.4.24

£ | £ |

| Cash and cash equivalents | 256,884 |  | 517,977 |  |

| Year ended 31 March 2024

| 31.3.24 |  | 1.4.23

£ | £ |

| Cash and cash equivalents | 517,977 |  | 326,237 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1.4.24 | Cash flow | At 31.3.25

£ | £ | £ |

| Net cash |

| Cash at bank | 517,977 |  | (261,093 | ) | 256,884 |  |

517,977 |  | (261,093 | ) | 256,884 |  |

| Debt

| Finance leases | (29,500 | ) | 14,750 |  | (14,750 | ) |

| Debts falling due within 1 year | (3,210,044 | ) | 108,115 |  | (3,101,929 | ) |

| Debts falling due after 1 year | (1,468,702 | ) | 143,417 |  | (1,325,285 | ) |

(4,708,246 | ) | 266,282 |  | (4,441,964 | ) |

| Total | (4,190,269 | ) | 5,189 |  | (4,185,080 | ) |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Data Direct Holdings 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 General Information page.

| The presentation currency of the financial statements is the Pound Sterling (£), which is the functional currency of the company, and rounded to the nearest £1.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| FRS 102 allows a qualifying entity certain disclosure exemptions. The company has taken advantage of the following available exemptions:

| 1 - the requirement to prepare a statement of cash flows;

| 2 - financial instruments disclosures, including categories of financial instruments; and

| 3 - the disclosure of key management personnel remuneration in total.

| Basis of consolidation

| The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 March 2025.

| A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

| The results of subsidiaries acquired or disposed of during the year are included in profit or loss from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.

| The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirers interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.

| Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.

| Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interest in the net assets of consolidated subsidiaries are identified separately from the group's equity therein.

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Related party exemption

| 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.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

| Judgements and key sources of estimation uncertainty

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| A key area of uncertainty is the recoverability of all related party debtor balances. Please refer to note 18 in the financial statements.

| Key accounting estimates include the assessment of impairment of the loans to a related party. This is considered by the directors on an annual basis, based on the expectations of repayment by the related party. In the current year no impairment was required.

| Going concern

| The financial statements have been prepared on the going concern basis. The director, having made due and careful inquiry into the budgets for the next 12 months, has made an informed judgement, at the time of approving these financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

| Turnover

| Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the group's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

| Revenue from the sale of goods is recognised when the following conditions have been satisfied:

| - Significant risks and rewards of ownership have been transferred to the buyer which is generally considered to occur when the goods have been delivered to the customer's specified location;

| - The amount of revenue can be measured reliably;

| - It is probable that the economic benefits associated with the transactions will flow to the group;

| - The costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Goodwill

| Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Long leasehold | - | in accordance with the lease

| Plant and machinery | - | 25% on cost

| Fixtures and fittings | - | 20% on cost

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 20% on cost

| In respect of freehold property, no depreciation is being provided for subsequent to the date that the land and buildings were revalued.

| Freehold property is initially recorded at cost and subsequently at fair value, with revaluation gains or losses recognised in other comprehensive income and then transferred to a revaluation reserve.

| 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 stated at the lower of cost and net realisable value, being the estimated selling price less cost to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

| At the balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

| Financial instruments

| Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement. Equity instruments are those that entitle the holder to a residual interest in the company's assets after deducting all of its liabilities.

| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary and preference shares, which are measured at fair value provided that this can be measured reliably. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

| Taxation

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

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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

| Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

| Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

| 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 leases asset are consumed.

| Pension costs and other post-retirement benefits

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

| Trade debtors

| Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

| Trade creditors

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are recognised initially at the transaction price and subsequently at amortised cost using the effective interest method.

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | TURNOVER

| The turnover and loss (2024 - profit) before taxation are attributable to the one principal activity of the group.

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 17,236,385 |  | 16,005,653 |  |

| Overseas | 4,533,396 |  | 4,445,479 |  |

21,769,781 |  | 20,451,132 |  |

4. | OTHER OPERATING INCOME

| 2025 |  | 2024

£ | £ |

| Rents received | 24,000 |  | - |  |

| Management fees | 67,666 |  | 99,198 |  |

91,666 |  | 99,198 |  |

5. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 2,473,530 |  | 2,187,952 |  |

| Social security costs | 251,186 |  | 224,670 |  |

| Other pension costs | 115,440 |  | 103,596 |  |

2,840,156 |  | 2,516,218 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Distribution staff | 11 |  | 12 |  |

| Administrative staff | 10 |  | 10 |  |

| Sales staff | 25 |  | 23 |  |

46 |  | 45 |  |

| 2025 |  | 2024

£ | £ |

| Director's remuneration | - |  | - |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Other operating leases | 147,850 |  | 189,652 |  |

| Depreciation - owned assets | 48,198 |  | 76,976 |  |

| Goodwill amortisation | - |  | 171,200 |  |

7. | AUDITORS' REMUNERATION

| 2025 |  | 2024

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 16,750 |  | 25,000 |  |

| Total audit fees | 16,750 |  | 25,000 |  |

8. | AMOUNTS WRITTEN OFF INVESTMENTS |

| 2025 |  | 2024

£ | £ |

| Impairment loss on investments | 1,700,000 |  | - |  |

| Full details are disclosed in note 15 to the financial statements.

9. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 143,493 |  | 172,304 |  |

| Hire purchase | 1,895 |  | 220 |  |

| Other interest paid | 11,456 |  | 2,764 |  |

156,844 |  | 175,288 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | TAXATION

| Analysis of the tax charge

| The tax charge on the loss for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 246,858 |  | 225,404 |  |

| Tax under/(over) provision | 2,768 |  | - |  |

| Total current tax | 249,626 |  | 225,404 |  |

| Deferred tax | (3,786 | ) | (12,003 | ) |

| Tax on (loss)/profit | 245,840 |  | 213,401 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| (Loss)/profit before tax | (787,224 | ) | 619,230 |  |

| (Loss)/profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | (196,806 | ) | 154,808 |  |

| Effects of:

| Expenses not deductible for tax purposes | 11,712 |  | 10,233 |  |

| Depreciation in excess of capital allowances | 7,177 |  | 18,125 |  |

| Adjustments to tax charge in respect of previous periods | 2,768 |  | - |  |

| Impairment loss on investments | 425,000 |  | - |  |

| Deferred tax movement | (3,786 | ) | (12,003 | ) |

| Goodwill amortisation | - |  | 42,238 |  |

| Tax rate change | (225 | ) | - |  |

| Total tax charge | 245,840 |  | 213,401 |  |

| Tax effects relating to effects of other comprehensive income |

| 2025 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Property revaluations | 781,848 |  | - |  | 781,848 |  |

| Deferred tax on revaluations | (242,122 | ) | - |  | (242,122 | ) |

| Accumulated depreciation on revaluations | 239,087 |  | - |  | 239,087 |  |

778,813 |  | - |  | 778,813 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

11. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

| As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.

12. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of 1p each

| Final | 79,000 |  | 150,000 |  |

| A Ordinary shares of 1p each

| Final | 79,000 |  | 150,000 |  |

158,000 |  | 300,000 |  |

13. | INTANGIBLE FIXED ASSETS

| Group

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 1,946,349 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 1,946,349 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

14. | TANGIBLE FIXED ASSETS

| Group

| Freehold |  | Short |  | Long |  | Plant and

| property |  | leasehold |  | leasehold |  | machinery

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 1,776,312 |  | 186,640 |  | - |  | 158,126 |  |

| Additions | - |  | - |  | - |  | 3,863 |  |

| Disposals | - |  | - |  | - |  | (15,149 | ) |

| Revaluations | 781,848 |  | - |  | - |  | - |  |

| Reclassification/transfer | (73,160 | ) | (186,640 | ) | 259,800 |  | - |  |

| At 31 March 2025 | 2,485,000 |  | - |  | 259,800 |  | 146,840 |  |

| DEPRECIATION

| At 1 April 2024 | 49,173 |  | 186,640 |  | - |  | 151,811 |  |

| Charge for year | 11,848 |  | - |  | 1,714 |  | 5,669 |  |

| Eliminated on disposal | - |  | - |  | - |  | (15,149 | ) |

| Charge written back | (239,087 | ) | - |  | - |  | - |  |

| Reclassification/transfer | 178,066 |  | (186,640 | ) | 8,574 |  | - |  |

| At 31 March 2025 | - |  | - |  | 10,288 |  | 142,331 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,485,000 |  | - |  | 249,512 |  | 4,509 |  |

| At 31 March 2024 | 1,727,139 |  | - |  | - |  | 6,315 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

14. | TANGIBLE FIXED ASSETS - continued

| Group

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 511,985 |  | 61,835 |  | 600,957 |  | 3,295,855 |  |

| Additions | - |  | - |  | 15,227 |  | 19,090 |  |

| Disposals | (51,976 | ) | - |  | (344,751 | ) | (411,876 | ) |

| Revaluations | - |  | - |  | - |  | 781,848 |  |

| Reclassification/transfer | - |  | - |  | - |  | - |  |

| At 31 March 2025 | 460,009 |  | 61,835 |  | 271,433 |  | 3,684,917 |  |

| DEPRECIATION

| At 1 April 2024 | 475,566 |  | 27,053 |  | 580,153 |  | 1,470,396 |  |

| Charge for year | 10,272 |  | 8,695 |  | 10,000 |  | 48,198 |  |

| Eliminated on disposal | (51,976 | ) | - |  | (344,751 | ) | (411,876 | ) |

| Charge written back | - |  | - |  | - |  | (239,087 | ) |

| Reclassification/transfer | - |  | - |  | - |  | - |  |

| At 31 March 2025 | 433,862 |  | 35,748 |  | 245,402 |  | 867,631 |  |

| NET BOOK VALUE

| At 31 March 2025 | 26,147 |  | 26,087 |  | 26,031 |  | 2,817,286 |  |

| At 31 March 2024 | 36,419 |  | 34,782 |  | 20,804 |  | 1,825,459 |  |

| Included in cost or valuation of land and buildings is freehold land of £1,620,303 (2024 - £1,284,578) which is not depreciated.

| Freehold land and buildings with a carrying amount of £2,485,000 (2024 - £1,727,139) have been pledged to secure borrowings of the group.

| Freehold land and buildings were valued on an open market basis by Fletcher King Chartered Surveyors on 13 March 2025.

| Cost or valuation at 31 March 2025 is represented by:

| Freehold |  | Long |  | Plant and

| property |  | leasehold |  | machinery

£ | £ | £ |

| Valuation in 2025 | 781,848 |  | - |  | - |  |

| Cost | 1,703,152 |  | 259,800 |  | 146,840 |  |

2,485,000 |  | 259,800 |  | 146,840 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

14. | TANGIBLE FIXED ASSETS - continued

| Group

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| Valuation in 2025 | - |  | - |  | - |  | 781,848 |  |

| Cost | 460,009 |  | 61,835 |  | 271,433 |  | 2,903,069 |  |

460,009 |  | 61,835 |  | 271,433 |  | 3,684,917 |  |

15. | FIXED ASSET INVESTMENTS

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Shares in group undertakings | - |  | - |  | 3,591,848 |  | 3,591,848 |  |

| Loans to undertakings in which the company has a participating interest | - |  | 1,700,000 |  | - |  | - |  |

- |  | 1,700,000 |  | 3,591,848 |  | 3,591,848 |  |

| Additional information is as follows:

| Company

| Shares in

| group

| under-

| takings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 3,591,848 |  |

| NET BOOK VALUE

| At 31 March 2025 | 3,591,848 |  |

| At 31 March 2024 | 3,591,848 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

15. | FIXED ASSET INVESTMENTS - continued

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiary

| Data Direct Thames Valley Limited

| Registered office: England & Wales

| Nature of business: Sale of computer consumables

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Ordinary A | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 6,996,617 |  | 7,563,296 |  |

| (Loss)/profit for the year | (1,045,492 | ) | 582,516 |  |

| Group

| Loans to

| associates

£ |

| At 1 April 2024 | 1,700,000 |  |

| Other movement | (1,700,000 | ) |

| At 31 March 2025 | - |  |

| On 21 December 2018, Data Direct Thames Valley Limited loaned £1.7 million to SRS Works Limited, in return for 1,700,000 Ordinary B £1 shares, at a dividend rate of 0.001%. The Ordinary B shares have no voting rights but will take precedence on winding up.

| The company is related by a mutual director and controlling party. Although there is no formal repayment schedule for the preference shares, the director anticipated that the debt would be repaid in full in a short period of time. To date, repayment has not been made due to the adverse financial position of the associated company.

| On the basis that there is no traded active market for the shares for recognition at fair value, and the timing of the repayment is unknown, for recognition at amortised cost, the directors consider the recognition at cost less impairment to be most appropriate.

| The directors have considered the carrying value of the fixed asset investments and have determined that impairment is considered necessary for the year ended 31 March 2025. The impairment considerations will be continually monitored.

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

16. | INVESTMENT PROPERTY

| Group

| Total

£ |

| FAIR VALUE

| Additions | 1,550,676 |  |

| At 31 March 2025 | 1,550,676 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,550,676 |  |

| Company

| Total

£ |

| FAIR VALUE

| Additions | 1,550,676 |  |

| At 31 March 2025 | 1,550,676 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,550,676 |  |

17. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Work-in-progress | 315,762 |  | 322,364 |  |

| Finished goods | 2,870,575 |  | 2,935,823 |  |

3,186,337 |  | 3,258,187 |  |

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

| Group |

2025 | 2024 |

£ | £ |

| Trade debtors | 3,424,271 |  | 3,868,515 |  |

| Other debtors | 2,984,142 |  | 3,299,048 |  |

| Prepayments and accrued income | 99,350 |  | 18,354 |  |

6,507,763 |  | 7,185,917 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

18. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

| Trade debtors of £3,450,553 were assigned to Lloyds Bank plc under a discounting arrangement to secure advances amounting to £2,590,515 (2024 - £2,738,694) which are included in other loans.

| Included in Other Debtors is an amount of £2,769,669 (2024 - £3,121,479), in relation to monies due from related companies. The companies are related by a mutual director who has a significant interest in each entity. At the date of signing these financial statements, substantially all of these debtor balances remain outstanding. There are no formal agreements in place in respect of these debtor balances and there is no scheduled repayment or interest charged. The group expects to recover these balances from the future cash flows generated by the related companies.

| The mutual director has carefully considered the recoverability of these debtor balances, through his detailed knowledge of the operations of the related party companies, their future strategies and their projected future profitability. The director is confident in the ultimate recoverability of these debtor balances, on the basis that Mr P Winterbotham has pledged via a letter of guarantee dated 23 December 2025, to personally meet any shortfall in the repayment of these balances, should this be required to pay to the creditors of Data Direct Thames Valley Limited, or should the related entities cease to trade.

| There is a further balance of £169,262 (2024 - £156,500) in other debtors, loaned with no scheduled repayment or interest charged to a third party. The directors consider this amount to be recoverable, based upon the financial position of the company in question.

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 21) | 511,414 |  | 471,350 |  | - |  | - |  |

| Other loans (see note 21) | 2,590,515 |  | 2,738,694 |  | - |  | - |  |

| Hire purchase contracts (see note 22) | 14,750 |  | 14,750 |  | - |  | - |  |

| Trade creditors | 3,018,487 |  | 3,659,434 |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | 4,409,852 |  | 2,833,837 |  |

| Tax | 324,154 |  | 352,785 |  | 3,843 |  | - |  |

| Social security and other taxes | 126,673 |  | 123,761 |  | - |  | - |  |

| VAT | 452,922 |  | 429,698 |  | - |  | - |  |

| Other creditors | 204,586 |  | 540,266 |  | 152,204 |  | 463,114 |  |

| Directors' current accounts | 1,378,944 |  | 128,804 |  | 135,090 |  | - |  |

| Accruals and deferred income | 254,535 |  | 253,950 |  | - |  | - |  |

8,876,980 |  | 8,713,492 |  | 4,700,989 |  | 3,296,951 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

| Group |

2025 | 2024 |

£ | £ |

| Bank loans (see note 21) | 1,325,285 |  | 1,468,702 |  |

| Hire purchase contracts (see note 22) | - |  | 14,750 |  |

1,325,285 |  | 1,483,452 |  |

21. | LOANS

| An analysis of the maturity of loans is given below:

| Group |

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on | demand: |

| Bank loans | 511,414 |  | 471,350 |  |

| Other loans | 2,590,515 |  | 2,738,694 |  |

3,101,929 |  | 3,210,044 |  |

| Amounts falling due between two and five | years: |

| Bank loans - 2-5 years | 572,853 |  | 752,067 |  |

| Amounts falling due in more than five years: |

| Repayable by instalments

| Bank loans more 5 yr by instal | 752,432 |  | 716,635 |  |

22. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 14,750 |  | 14,750 |  |

| Between one and five years | - |  | 14,750 |  |

14,750 |  | 29,500 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

22. | LEASING AGREEMENTS - continued

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 122,628 |  | 108,147 |  |

| Between one and five years | 165,625 |  | 131,365 |  |

288,253 |  | 239,512 |  |

23. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

2025 | 2024 |

£ | £ |

| Bank loans | 1,836,699 |  | 1,940,052 |  |

| Other loans | 2,590,515 |  | 2,738,694 |  |

| Hire purchase contracts | 14,750 |  | 29,500 |  |

4,441,964 |  | 4,708,246 |  |

| Lloyds Bank plc has fixed and floating charges over the assets of the company and its subsidiary.

24. | FINANCIAL INSTRUMENTS

| Categorisation of financial instruments:

| Financial assets that are debt instruments measured at amortised cost are £9,851,634 (2024 - £10,943,727). Financial liabilities measured at amortised cost are £9,298,516 (2024 - £9,290,700).

25. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax | 262,356 |  | 24,020 |  |

DATA DIRECT HOLDINGS LIMITED (REGISTERED NUMBER: 06041619) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

25. | PROVISIONS FOR LIABILITIES - continued

| Group

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 24,020 |  |

| Utilised during year | (3,786 | ) |

| Revaluations | 242,122 |  |

| Balance at 31 March 2025 | 262,356 |  |

26. | CALLED UP AND PAID SHARE CAPITAL |

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 500,000 | Ordinary | 1p | 5,000 |  | 5,000 |  |

| 500,000 | A Ordinary | 1p | 5,000 |  | 5,000 |  |

10,000 |  | 10,000 |  |

27. | RESERVES

| Share capital represents the number of shares issued at nominal price.

| The profit and loss account represents accumulated comprehensive income for the year and prior periods, after deduction of dividends paid.

| The revaluation reserve is a non-distributable reserve relating to unrealised gains or losses on the revaluation of freehold property and investment property, net of related deferred tax.

28. | RELATED PARTY DISCLOSURES

| Included in other debtors are amounts of £2,769,669 (2024 - £3,121,479) owing by companies under the control of the director.

| Included in other creditors are amounts of £29,611 (2024 - £30,645) owing to companies under the control of the director.

| These loans are interest free and repayable on demand.

| Included in cost of sales are management charges of £900,000 (2024 - £600,000) payable to companies under the control of the director.

| Key management personnel consists of certain directors of the subsidiary who are not directors of the parent company. Key management personnel compensation in total was £219,793 (2024 - £217,600).

29. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is P M Winterbotham.