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REGISTERED NUMBER: 01897599 (England and Wales)

| Strategic Report, Report of the Directors and |

| Financial Statements |

| for the Year Ended 30 April 2025 |

| for |

| A. B. Nutrition Limited |

A. B. Nutrition Limited (Registered number: 01897599)

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Directors | 6 |

Report of the Independent Auditors | 9 |

Income Statement | 13 |

Other Comprehensive Income | 14 |

Balance Sheet | 15 |

Statement of Changes in Equity | 16 |

Cash Flow Statement | 17 |

Notes to the Cash Flow Statement | 18 |

Notes to the Financial Statements | 20 |

A. B. Nutrition Limited

Company Information

for the Year Ended 30 April 2025

| DIRECTORS: | A C Newton

| P R Bright

| T Keisers

| A Roussis

| S R Norton

| SECRETARY: | S R Norton

| REGISTERED OFFICE: | 8 Minster Court

| Tuscam Way

| Yorktown Business Park

| Camberley

| Surrey

| GU15 3YY

| REGISTERED NUMBER: | 01897599 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Yvonne Miles FCCA

| AUDITORS: | PKB Accountants Limited

| Chartered Certified Accountants

| Statutory Auditor

| Beechey House

| 87 Church Street

| Crowthorne

| Berkshire

| RG45 7AW

A. B. Nutrition Limited (Registered number: 01897599)

Strategic Report

for the Year Ended 30 April 2025

The directors present their strategic report for the year ended 30 April 2025.

REVIEW OF BUSINESS

The business model

AB Nutrition is a leading trader of soft agricultural commodities and supplies most of the animal feed industry; the business also maintains a number of relationships within the food industry to trade food by-products.

Key Performance Indicators

. Total Tonnage has remained flat from 497,914 in the year ended 30th April 2025, from 497,496 in the year ended 30th April 2024.

. Revenue has reduced by 4.99% in the year to 30th April 2025 to £95.64m (2024 £100.67m)

. Operating Profits reduced by 9.3% in the year to 30th April 2025 at £3.545m (2024 £3.912m)

The company has performed well in utilising its skill base to respond to the daily circumstances and resolving issues for its customers. This has resulted in the excellent financial performances during the year.

The company has been able to use the inter group strengths to assist with its problem solving.

The company will continue to actively seek extra tonnage, allocations and new relationships that will increase the tonnage traded.

Future developments & strategy

AB Nutrition is committed to its existing business model and has pursued additions to our trading team, that have joined the business post balance sheet, we believe that by creating a team with as much experience and knowledge as possible we can continue to deliver added value to our stakeholders with outstanding service. The business aims to continue to grow organically, with the emphasis on food factory co-products and by-products, thus supporting the overall group strategy.

A. B. Nutrition Limited (Registered number: 01897599)

Strategic Report

for the Year Ended 30 April 2025

PRINCIPAL RISKS AND UNCERTAINTIES

Financial Risk Management

The company's operations expose it to a variety of risks that include price risk, product risk, credit risk, liquidity risk and interest rate risk. The board monitor these risk elements at monthly board meetings to ensure steps have been taken to minimise these risks to the business.

Price Risk

The company enters into forward contracts to procure and sell commodities. The majority of trades are done with a natural hedge of a purchase against a sale. In the event of a natural hedge not being available the business will seek to hedge around 80% of any significant open position in the market to lock in margins and reduce risk.

At 30th April 2025, the business had no significant open positions on its forward book.

This forward position is reviewed monthly and then the board will make a decision on what cover needs to be put in place.

Product Risk

AB Nutrition's primary concern will always be about protecting the feed chain, and assuring that the materials bought and sold meet the standard required by the industry.

Credit Risk

When appropriate, relevant credit checks are performed on potential customers before sales are made. The amount of exposure to any individual customer is controlled by means of a credit limit that is monitored regularly by management and in the case of a financially material value, by the Finance Director.

Liquidity Risk

AB Nutrition uses a number of different short and medium term financing in order to maintain liquidity. This is managed to ensure the business always has sufficient funds to meet its ongoing liabilities and working capital needs, as well as planned capital expenditure and expansion capital. The debt is monitored and reviewed monthly by the Finance Director.

Interest Rate Risk

The business has finance on variable interest rates on its banking and finance facilities. The risk is monitored and reviewed by the directors at group level. The directors keep under regular review current market rates and anticipated future market trends, and discuss this regularly at board meetings. The risk is assessed as low currently, due to the relatively low nature of the debt involved.

Climate Risk

Extreme weather events may affect inbound logistics. In some cases it is not possible to pass these extra costs on in the feed prices. The risks are monitored by the transport department. Climate change and more extreme weather conditions may also make raw material prices more volatile, as a result of changing harvest forecasts or disappointing harvest leading to shortages of certain raw materials. Our business model though has the flexibility built in to handle this volatility.

Health and Safety

The business has a strong and proactive compliance programme, with all accidents and incidents reported to board level and reviewed for any remedial actions. The businesses stated aim is to continue to improve health & safety and working environments for its entire staff.

A. B. Nutrition Limited (Registered number: 01897599)

Strategic Report

for the Year Ended 30 April 2025

Standards

The businesses internal focus is to drive up standards in all areas, including in engineering, production, logistics, health & safety, compliance and QA, employee & stakeholder engagement.

SECTION 172(1) STATEMENT

Section 172 of the Companies Act 2006 ("the act") requires Directors to take into consideration the interests of stakeholders in their decision-making. A Director of a company must act in the way they consider, in good faith, would most likely promote the success of the company for the benefit of its members as a whole, taking into account the factors as listed in section 172 of the Company Act 2006. The short form statement should be read in conjunction with the longer strategic report.

AB Nutrition Ltd is a wholly owned subsidiary of SugaRich Limited, engagement with our shareholders and wider stakeholder groups plays a vital role throughout the SugaRich business.

Stakeholders and engagement

As part of the identification of key stakeholders, the directors have identified the following stakeholder groups with whom engagement is fundamental to the Company's ongoing success:

. Employees

. Suppliers

. Customers

. Communities and Environment

. Governments

. Shareholders

Employees

The company employs 15 people. Our people are central to the Company's success and employee engagement is crucial to embedding the Company culture and values, and to helping our people see how their efforts contribute to their Company's strategic objectives. Key issues include, health and safety, diversity and inclusion and engagement and development. During the year, the Company undertook regular surveys, a regular newsletter with quality content, and provided an updated intranet and continued internal communications. A yearly management meeting is held for all the senior managers in the business.

Suppliers

We use a wide variety of suppliers with many complex supply chains. Our supplier code of conduct sets out the values and standards on which we seek to build and maintain relationships, including commitments on ethical, environmental and other relevant matters including on key issues such as payment practices, responsible sourcing, supply chain sustainability, human rights and modern slavery. Most conversations are maintained on a face to face basis, and reported back into the board at regular meetings.

A. B. Nutrition Limited (Registered number: 01897599)

Strategic Report

for the Year Ended 30 April 2025

Customers

As well as providing a product that is great value for money, the safety and health of our customers is of paramount importance to the Company. The company engages with its customers on a daily basis mostly by phone or face to face meetings, ensuring their feedback is properly considered. The Board is regularly updated by each business division on key customers and key issues impacting customers and consumers.

Communities and Environment

Supporting our local community is an important part of the Company's approach to spread our values and mission. The Company has an energy reduction initiative, and is committed to seeking sustainable solutions to environmental challenges and adapting our operations to respond to changes in the natural environment.

To achieve these goals the Company is always looking for ways to reduce energy use, reduce greenhouse gas emissions, manage waste, improve water management, and push waste up the waste hierarchy.

Governments

The Company can be impacted by changes in laws and public policy, and to ensure that the company is represented in discussions, we take a leading role with our trade body, the UKFFPA, (UK Former Foodstuffs Processing Association), liaising with AIC and Government on issues affecting our sector.

The Board is briefed on the engagement at regular meetings.

Shareholders

The Company reports up to its shareholders, and ultimately to the board of SugaRich Limited, through the senior management of the business, the Company takes appropriate steps to ensure that its shareholders are kept up to date on key business activities and decisions..

2026 Outlook

Raw material prices are expected to remain high due to the factors raised above. However this also applies to competing products and therefore we are expecting to see a positive result for the business in the 2026 year. Strong tonnage and margin in the first 6 months of the year support this expectation.

ON BEHALF OF THE BOARD:

P R Bright - Director

22 January 2026

A. B. Nutrition Limited (Registered number: 01897599)

Report of the Directors

for the Year Ended 30 April 2025

The directors present their report with the financial statements of the company for the year ended 30 April 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of soft agricultural commodity traders.

DIVIDENDS

Dividends paid during the year totalled Nil (2024: £1,200,000). The directors do not recommend a final dividend.

FUTURE DEVELOPMENTS

Future developments and financial risk analysis are not shown in the directors report as they are instead included in the strategic report on pages 2 to 5.

POST BALANCE SHEET EVENTS

On 30th June 2025, Vidara S.a a company incorporated in Luxembourg acquired a controlling stake in the SugaRich Group.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2024 to the date of this report.

A C Newton

P R Bright

Other changes in directors holding office are as follows:

T Keisers , A Roussis and S R Norton were appointed as directors after 30 April 2025 but prior to the date of this report.

D S Mackley and N A Keogh ceased to be directors after 30 April 2025 but prior to the date of this report.

GOING CONCERN

The company has prepared budgets and forecasts that cover the period of 12 months from the date of the financial statements being authorised for issue in order to assess going concern. It is anticipated that the company's level of activity will remain fairly constant over that period with similar results being attained in line with the current trading period. The company has also sought comfort from it parent company that they will provide financial support should it be required. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and consequently have prepared the financial statements on a going concern basis.

STREAMLINED ENERGY AND CARBON REPORTING

In compliance with UK reporting requirements (Streamlined Energy and Carbon Reporting), the directors provide the Company's UK energy and greenhouse emissions data in the table below.

The period for which the information is reported is from 1st May 2024 to 30th April 2025.

A. B. Nutrition Limited (Registered number: 01897599)

Report of the Directors

for the Year Ended 30 April 2025

The principal energy efficiency measures to reduce our carbon emissions this year include a reduction in petrol and diesel company cars, replacing with electric cars.

All of our operating sites use management systems accredited to ISO 14001.

We report our GHG inventory using the WRI/WBCSD GHG Protocol Corporate Accounting and Reporting Standard Revised Edition as our framework for calculations and disclosure. We use carbon conversion factors published by the UK's Department for Business, Energy and Industrial Strategy ("BEIS") in June 2022, this includes all activities where we have operational control.

Carbon Foot printing Finished Products

We have spent a great deal of time (along with our Trade Association) in evaluating the carbon impact of our finished products. This has allowed us to create a register that can be used by our customers to assess the carbon impact on their business of buying our products.

Having undertaken this work, we review the carbon impact of our products on a regular basis, utilitising the data gathered for SECR to assess any changes to the carbon footprint of our finished products.

AB Nutrition greenhouse gas emissions

The total greenhouse gas (GHG) emissions resulting from our total energy use during 2025 was 135t (2024 162t) of CO2. This comprises of:

- Gas Oil 106t (2024 125t)

- Electricity 29t (2024 37t)

During the year we fitted Solar Panels to the roof of our operating centre, this has seen the large reduction in Electricity usage. The increase in the Gas Oil usage is inline with the increased tonnage running through the site.

Scope 1 and Scope 2 Greenhouse Gas (GHG) Emissions

Our production processes emit GHG gases which contribute to climate change. We therefore carefully monitor our GHG emissions on two bases, namely: (a) per tonne of feed produced and (b) overall. We measure the amount of gas, oil and diesel (scope 1) and electricity (scope 2) which we use through both our own vehicle fleet and our plant operations. This is an area where we can make a difference through our own actions.

Greenhouse gas emissions (Kg of CO2 per tonne of feed)

GHG Kg per tonne of feed is 0.27 in 2025, (2024 0.33).

A. B. Nutrition Limited (Registered number: 01897599)

Report of the Directors

for the Year Ended 30 April 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

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

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

- | state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director 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 company's auditors are aware of that information.

AUDITORS

In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of PKB Accountants Limited as auditors of the company is to be be proposed at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P R Bright - Director

22 January 2026

Report of the Independent Auditors to the Members of

A. B. Nutrition Limited

Opinion

We have audited the financial statements of A. B. Nutrition Limited (the 'company') for the year ended 30 April 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 30 April 2025 and of its profit 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 company 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 directors' 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 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 directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, 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

A. B. Nutrition 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

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, or returns adequate for our audit have not been received from branches not visited by us; or

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page eight, the directors are 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 directors determine 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 directors are responsible for assessing the 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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

A. B. Nutrition 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

. We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant are those that relate to the Animal by-products Regulations, Feed Hygiene Regulations, Health and Saftey regulations, Environmental Act and Waste Disposal regulations for UK Businesses, the reporting framework FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", Companies Act 2006, Bribery Act 2010, Money Laundering regulations and relevant tax compliance regulations in the United Kingdom.

. Other indirect laws and regulations that have an impact on the financial statements are the compliance with relevant employment law, health and safety regulations and the UK General Data Protection Regulation (UK GDPR).

. We understood how A B Nutrition Limited is complying with those frameworks by making enquiries of management and those responsible for legal and compliance procedures. We corroborated our enquiries through the review of the following documentation or completion of the following procedures:

. Review of all minutes of board meetings held during the period and through to the most recent meeting held prior to the approval of these financial statements;

. Review of accounting policies and completion of a disclosure checklist to assess compliance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Company law requirements;

. Review of any relevant correspondence with local tax authorities; and

. Review of any relevant correspondence received from regulatory bodies

. We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur by holding a discussion within the audit team which included identification of related parties, understanding the company's business, the control environment and assessing the inherent risk for relevant assertions at the significant account level. We also held discussions with management and those charged with governance to gain an understanding of those areas of the financial statements which are susceptible to fraud, as identified by management. Following these procedures, we identified a risk of management override of control and risk of inappropriate revenue recognition. We gained an understanding of the entity level of controls and policies that the company applies.

Report of the Independent Auditors to the Members of

A. B. Nutrition Limited

. Based on this understanding we designed our audit procedures to identify noncompliance with such laws and regulations. Our procedures involved testing of journal entries, with focus on journals indicating large or unusual transactions, or meeting our defined risk criteria based on our understanding of the business, reviewing accounting estimates for evidence of management bias and enquiries of senior members of the management team regarding their knowledge of any instances of non-compliance with laws and regulations that could impact the financial statements.

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.

Yvonne Miles FCCA (Senior Statutory Auditor)

for and on behalf of PKB Accountants Limited

Chartered Certified Accountants

Statutory Auditor

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

22 January 2026

A. B. Nutrition Limited (Registered number: 01897599)

Income Statement

for the Year Ended 30 April 2025

| 30.4.25 |  | 30.4.24

| Notes | £ | £ |

TURNOVER | 3 | 95,638,070 |  | 100,671,912 |  |

Cost of sales | 90,601,757 |  | 95,329,600 |  |

GROSS PROFIT | 5,036,313 |  | 5,342,312 |  |

Administrative expenses | 1,490,965 |  | 1,430,642 |  |

OPERATING PROFIT | 5 | 3,545,348 |  | 3,911,670 |  |

Interest receivable and similar income | 6 | 16,278 |  | 198,424 |  |

3,561,626 |  | 4,110,094 |  |

Interest payable and similar expenses | 7 | 83,588 |  | 415 |  |

PROFIT BEFORE TAXATION | 3,478,038 |  | 4,109,679 |  |

Tax on profit | 8 | 878,443 |  | 1,048,356 |  |

PROFIT FOR THE FINANCIAL YEAR | 2,599,595 |  | 3,061,323 |  |

A. B. Nutrition Limited (Registered number: 01897599)

Other Comprehensive Income

for the Year Ended 30 April 2025

| 30.4.25 |  | 30.4.24

| Notes | £ | £ |

PROFIT FOR THE YEAR | 2,599,595 |  | 3,061,323 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 2,599,595 |  | 3,061,323 |  |

A. B. Nutrition Limited (Registered number: 01897599)

Balance Sheet

30 April 2025

| 30.4.25 | 30.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 126,196 |  | 159,478 |  |

CURRENT ASSETS

Stocks | 11 | 259,660 |  | 263,265 |  |

Debtors | 12 | 17,727,958 |  | 18,658,283 |  |

Cash at bank | 867,778 |  | 872,186 |  |

18,855,396 |  | 19,793,734 |  |

CREDITORS

Amounts falling due within one year | 13 | 13,978,091 |  | 17,542,080 |  |

NET CURRENT ASSETS | 4,877,305 |  | 2,251,654 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,003,501 |  | 2,411,132 |  |

PROVISIONS FOR LIABILITIES | 17 | 26,561 |  | 33,787 |  |

NET ASSETS | 4,976,940 |  | 2,377,345 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 1,001 |  | 1,001 |  |

Retained earnings | 19 | 4,975,939 |  | 2,376,344 |  |

SHAREHOLDERS' FUNDS | 4,976,940 |  | 2,377,345 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2026 and were signed on its behalf by:

P R Bright - Director

A. B. Nutrition Limited (Registered number: 01897599)

Statement of Changes in Equity

for the Year Ended 30 April 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 May 2023 | 1,001 |  | 515,021 |  | 516,022 |  |

Changes in equity

Dividends | - |  | (1,200,000 | ) | (1,200,000 | ) |

Total comprehensive income | - |  | 3,061,323 |  | 3,061,323 |  |

Balance at 30 April 2024 | 1,001 |  | 2,376,344 |  | 2,377,345 |  |

Changes in equity

Total comprehensive income | - |  | 2,599,595 |  | 2,599,595 |  |

Balance at 30 April 2025 | 1,001 |  | 4,975,939 |  | 4,976,940 |  |

A. B. Nutrition Limited (Registered number: 01897599)

Cash Flow Statement

for the Year Ended 30 April 2025

| 30.4.25 |  | 30.4.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,171,064 |  | 970,094 |  |

Interest paid | (83,588 | ) | (415 | ) |

Tax paid | (1,198,672 | ) | (578,428 | ) |

Net cash from operating activities | (111,196 | ) | 391,251 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (8,238 | ) | (60,539 | ) |

Interest received | 16,278 |  | 198,424 |  |

Net cash from investing activities | 8,040 |  | 137,885 |  |

Cash flows from financing activities

Loans to group companies | (1,350 | ) | (4,410,000 | ) |

Loans from group companies | 44,738 |  | - |  |

Loans repaid to related parties | - |  | (31,444 | ) |

Equity dividends paid | - |  | (1,200,000 | ) |

Net cash from financing activities | 43,388 |  | (5,641,444 | ) |

Decrease in cash and cash equivalents | (59,768 | ) | (5,112,308 | ) |

Cash and cash equivalents at beginning of year | 2 | 331,746 |  | 5,444,054 |  |

Cash and cash equivalents at end of year | 2 | 271,978 |  | 331,746 |  |

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Cash Flow Statement

for the Year Ended 30 April 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 30.4.25 |  | 30.4.24

£ | £ |

| Profit before taxation | 3,478,038 |  | 4,109,679 |  |

| Depreciation charges | 41,519 |  | 52,629 |  |

| Finance costs | 83,588 |  | 415 |  |

| Finance income | (16,278 | ) | (198,424 | ) |

3,586,867 |  | 3,964,299 |  |

| Decrease/(increase) in stocks | 3,605 |  | (29,161 | ) |

| Decrease in trade and other debtors | 927,092 |  | 1,405,143 |  |

| Decrease in trade and other creditors | (3,346,500 | ) | (4,370,187 | ) |

| Cash generated from operations | 1,171,064 |  | 970,094 |  |

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 30 April 2025

| 30.4.25 |  | 1.5.24

£ | £ |

| Cash and cash equivalents | 867,778 |  | 872,186 |  |

| Bank overdrafts | (595,800 | ) | (540,440 | ) |

271,978 |  | 331,746 |  |

| Year ended 30 April 2024

| 30.4.24 |  | 1.5.23

£ | £ |

| Cash and cash equivalents | 872,186 |  | 5,613,560 |  |

| Bank overdrafts | (540,440 | ) | (169,506 | ) |

331,746 |  | 5,444,054 |  |

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Cash Flow Statement

for the Year Ended 30 April 2025

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.5.24 | Cash flow | At 30.4.25

£ | £ | £ |

| Net cash |

| Cash at bank | 872,186 |  | (4,408 | ) | 867,778 |  |

| Bank overdrafts | (540,440 | ) | (55,360 | ) | (595,800 | ) |

331,746 |  | (59,768 | ) | 271,978 |  |

| Total | 331,746 |  | (59,768 | ) | 271,978 |  |

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| AB Nutrition Limited is a private company, limited by shares, incorporated in England and Wales. The Company's registered office address can be found on the Company Information page.

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

| The functional currency of the company is 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The preparation of the financial statements in compliance with FRS102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the accounting policies.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| . Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues':

| . Interest income/expense and net gains/losses for financial instruments not measured at fair value;

| . basis of determining fair values;

| . Section 33 'Related Party Disclosures':

| . Compensation for key management personnel

| The following principal accounting policies have been applied:

| Going Concern

| The company has prepared budgets and forecasts that cover the period for 12 months following the date the financial statements are authorised for issue in order to assess going concern. It is anticipated that the company's level of activity will remain fairly constant over that period with similar results being attained in line with the current trading period. The company has also sought comfort from it parent company that they will provide financial support should it be required. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and consequently have prepared the financial statements on a going concern basis.

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Sale of goods

| Revenue from the sale of goods is recognised when the following conditions are satisfied :-

| - The company has transferred to the buyer the significant risks and rewards of ownership of the goods;

| - The company retains neither continuing managerial involvement to the degree usually associated with

| ownership nor effective control over the goods sold;

| - The amount of revenue can be measured reliably;

| - It is probable that the economic benefits associated with the transaction will flow to the company;

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

| Specifically, revenue is recognised when goods are delivered and legal title is passed.

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided when the following conditions are satisfied:

| - The amount of revenue can be measured reliably;

| - It is probable that the company will receive consideration due in line with contract terms

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by the management.

| Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives on the following basis:

| Plant and machinery |  | - 25% on reducing balance / 25% on cost |  |

| Fixtures and fittings |  | - 15% on reducing balance / 25% on cost |  |

| Computer equipment |  | - 33% on cost |  |

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

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and any costs of disposal and are recognised in the Profit and Loss Account.

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Assets held under finance leases are depreciated in the same manner as owned assets.

| At each balance sheet date, the Company reviews the carrying amounts of its Tangible Fixed Assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

| If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

| Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined ( net of depreciation ) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

| Gains and losses on disposal are determined by comparing the proceeds with the carrying amounts and are recognised within 'other operating income' in the Income Statement.

| Stock

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is calculated on an average cost basis and includes all costs incurred in bringing the stock to their present location and condition.

| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write down in stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write down or loss occurs. The amount of any reversal of any write down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

| Taxation

| The tax expense represents the sum of the tax currently payable and deferred tax.

| Current Tax

| The tax currently payable is based on taxable profit for the year. Taxable profits differs from net profit as reported in the profit and loss account as it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting date.

| Deferred Tax

| Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Assets that are held by the Company under leases which transfer to the Company substantially all the risks and rewards of ownership are classified as being held under finance leases. Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

| Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payment. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation. Lease payments are apportioned between finance expense and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the Income Statement.

| In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight - line basis.

| Retirement benefits

| Defined contribution pension plan

| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

| The contributions are recognised as an expense in the income statement when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash and Cash Equivalents

| Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Creditors

| Short term creditors are measured at 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 method.

| Finance costs

| Finance costs are charged to the Income Statement 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.

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

| Financial asses and liabilities are offset, with net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include trade and other debtors, amounts owed by group undertakings and accrued income, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Impairment of financial assets

| Financial assets are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. if an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit and loss.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in the Income Statement.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Basic Financial liabilities

| Basic financial liabilities, including trade and other creditors, amounts due to fellow group companies and accruals, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables with no stated interest rate or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

| Hedging

| Forward contracts are recognised at fair value on initial recognition with any changes being recognised in the Income Statement.

| Equity instruments

| Equity instruments issued by the company are recorded at the fair value of proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| Provisions for liabilities

| Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, and it is probable that the company will be required to settle the obligation and that the amount of the obligation can be reliably estimated.

| Provisions are charged as an expense to the Income Statement in the year the company becomes aware of the obligation and are measured at the best estimate of the amount required to settle the obligation at the reporting date, taking into account relevant risks and uncertainties.

| Interest income

| Interest income is recognised in the Income Statement using the effective interest method.

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Judgements in applying accounting policies and key sources of estimation uncertainty

| In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| (a) Critical accounting estimates and assumptions

| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

| (i) Useful economic lives of tangible assets

| The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates based on physical condition and economic utilisation of the assets. See note 10 for the carrying amount of the assets and the accounting policies note Tangible Fixed Assets for the useful economic lives of each class of asset.

| (ii) Impairment of debtors

| The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See note 12 for the net carrying amount of the debtors.

| (iii) Impairment of creditors

| The company makes an estimate of the payable value of trade and other creditors including accruals. When assessing impairment of trade and other creditors including accruals, management considers factors including the ageing profile of the balances and historical experience. See note 13 and 14 for the net carrying amount of the creditors.

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company. All turnover is generated in the United Kingdom.

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

4. | EMPLOYEES AND DIRECTORS

| 30.4.25 |  | 30.4.24

£ | £ |

| Wages and salaries | 639,222 |  | 634,203 |  |

| Social security costs | 63,742 |  | 62,149 |  |

| Other pension costs | 40,821 |  | 40,210 |  |

743,785 |  | 736,562 |  |

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

| 30.4.25 |  | 30.4.24

| Directors | 2 |  | 2 |  |

| Administration and sales | 8 |  | 10 |  |

| Warehouse | 4 |  | 8 |  |

14 |  | 20 |  |

| 30.4.25 |  | 30.4.24

£ | £ |

| Directors' remuneration | 500 |  | - |  |

| Directors' pension contributions to money purchase schemes | 26,400 |  | 25,400 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 1 |  | 2 |  |

| The directors also serve as Directors of other companies within the group, and additional remuneration is borne by those other group companies. The services provided by the Directors to A. B. Nutrition Limited are incidental to their main employment

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 30.4.25 |  | 30.4.24

£ | £ |

| Hire of plant and machinery | 64,495 |  | 44,618 |  |

| Other operating leases | 175,719 |  | 133,159 |  |

| Depreciation - owned assets | 41,520 |  | 52,630 |  |

| Auditors' remuneration | 20,000 |  | 23,201 |  |

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

6. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 30.4.25 |  | 30.4.24

£ | £ |

| Interest received | 16,278 |  | 198,424 |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 30.4.25 |  | 30.4.24

£ | £ |

| Interest on overdue tax | 83,588 |  | 415 |  |

8. | TAXATION

| Analysis of the tax charge

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Current tax:

| UK corporation tax | 898,169 |  | 1,048,279 |  |

| Prior year under/(over)

| tax provision | (12,500 | ) | - |  |

| Total current tax | 885,669 |  | 1,048,279 |  |

| Deferred tax:

| Accelerated capital allowances | (7,226 | ) | 77 |  |

| Tax on profit | 878,443 |  | 1,048,356 |  |

| UK corporation tax has been charged at 25% .

| 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:

| 30.4.25 |  | 30.4.24

£ | £ |

| Profit before tax | 3,478,038 |  | 4,109,679 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 869,510 |  | 1,027,420 |  |

| Effects of:

| Expenses not deductible for tax purposes | 21,433 |  | 20,936 |  |

| Prior year corporation tax over provision | (12,500 | ) | - |  |

| Total tax charge | 878,443 |  | 1,048,356 |  |

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

9. | DIVIDENDS

| 30.4.25 |  | 30.4.24

£ | £ |

| Ordinary shares of £1 each |

| Interim | - |  | 1,200,000 |  |

10. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 May 2024 | 438,726 |  | 105,028 |  | 47,596 |  | 88,049 |  | 679,399 |  |

| Additions | 5,017 |  | 309 |  | - |  | 2,912 |  | 8,238 |  |

| At 30 April 2025 | 443,743 |  | 105,337 |  | 47,596 |  | 90,961 |  | 687,637 |  |

| DEPRECIATION

| At 1 May 2024 | 328,498 |  | 92,829 |  | 11,899 |  | 86,695 |  | 519,921 |  |

| Charge for year | 28,811 |  | 1,877 |  | 8,924 |  | 1,908 |  | 41,520 |  |

| At 30 April 2025 | 357,309 |  | 94,706 |  | 20,823 |  | 88,603 |  | 561,441 |  |

| NET BOOK VALUE

| At 30 April 2025 | 86,434 |  | 10,631 |  | 26,773 |  | 2,358 |  | 126,196 |  |

| At 30 April 2024 | 110,228 |  | 12,199 |  | 35,697 |  | 1,354 |  | 159,478 |  |

11. | STOCKS

| 30.4.25 |  | 30.4.24

£ | £ |

| Raw materials | 253,999 |  | 257,940 |  |

| Finished goods | 5,661 |  | 5,325 |  |

259,660 |  | 263,265 |  |

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Trade debtors | 5,433,739 |  | 6,418,544 |  |

| Bad debt provision | (60,000 | ) | (80,000 | ) |

| Amounts owed by group undertakings | 12,098,282 |  | 12,096,932 |  |

| Other debtors | 11,980 |  | 3,500 |  |

| Tax | - |  | 4,583 |  |

| VAT | 193,589 |  | 191,897 |  |

| Prepayments | 50,368 |  | 22,827 |  |

17,727,958 |  | 18,658,283 |  |

| The amounts owed by group undertakings are interest free and are payable on demand.

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans and overdrafts (see note 14) | 595,800 |  | 540,440 |  |

| Trade creditors | 11,739,792 |  | 15,227,073 |  |

| Amounts owed to group undertakings | 44,737 |  | - |  |

| Tax | 730,693 |  | 1,048,279 |  |

| Social security and other taxes | 17,794 |  | 15,024 |  |

| Accruals | 849,275 |  | 711,264 |  |

13,978,091 |  | 17,542,080 |  |

| The amounts payable to group undertakings are interest free and are payable on demand.

14. | LOANS

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 595,800 |  | 540,440 |  |

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

15. | LEASING AGREEMENTS

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Within one year | 23,730 |  | 19,300 |  |

| Between one and five years | 26,944 |  | 36,882 |  |

50,674 |  | 56,182 |  |

16. | SECURED DEBTS

| The Company has Debenture charges and Inter Company Guarantees registered with National Westminster Bank Plc dated 25 March 2010 , creating a fixed and floating charge upon the assets of the company.

| The Company also has debenture charges and inter Company Guarantees registered with RBS Invoice Finance Limited dated 25th March 2010, creating a fixed and floating charge upon the assets of the company.

| On 18th July 2016, a charge was registered with RBS Invoice Finance Limited, creating a Fixed and Floating charge over the assets of the Company.

| The Debenture with National Westminster Bank Plc dates 25 March 2010 has been satisfied in full on 9 December 2024.

17. | PROVISIONS FOR LIABILITIES

| 30.4.25 |  | 30.4.24

£ | £ |

| Deferred tax

| Accelerated capital allowances | 26,561 |  | 33,787 |  |

| Deferred |

| tax |

£ |

| Balance at 1 May 2024 | 33,787 |  |

| Accelerated capital allowances | (7,226 | ) |

| Balance at 30 April 2025 | 26,561 |  |

| There are no unprovided deferred tax provisions.

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.4.25 |  | 30.4.24

| value: | £ | £ |

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

| 1 | Ordinary 'A' | £1 | 1 |  | 1 |  |

1,001 |  | 1,001 |  |

19. | RESERVES

| Retained

| earnings

£ |

| At 1 May 2024 | 2,376,344 |  |

| Profit for the year | 2,599,595 |  |

| At 30 April 2025 | 4,975,939 |  |

| Of the above profit and loss reserves, £497,509 relates to pre acquisition profits and £4,480,290 relates to post acquisition profits.

20. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost and charge represents contributions payable by the company to the fund and amounted to £40,821 (2024: £40,210).

| The outstanding contributions at the year end totalled £Nil (2024: £Nil)

21. | ULTIMATE PARENT COMPANY

| The ultimate parent company of SugaRich Limited is Ravago S.a a company incorporated in Luxembourg. Its registered office is 18 Rue Notre Dame, L-2240 Luxembourg"

22. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

23. | POST BALANCE SHEET EVENTS

| On 30th June 2025, Vidara S.a a company incorporated in Luxembourg acquired a controlling stake in the SugaRich Group.

A. B. Nutrition Limited (Registered number: 01897599)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

24. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is T Roussis.