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REGISTERED NUMBER: 02861619 (England and Wales)

| Financial Statements |

| for the Year Ended 28 February 2025 |

| for |

| Truvelo (UK) Limited |

| Truvelo (UK) Limited (Registered number: 02861619) |

Contents of the Financial Statements

for the Year Ended 28 February 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Truvelo (UK) Limited |

Company Information

for the Year Ended 28 February 2025

| DIRECTORS: | R D H Gebert

| C J Hutt

| L F Korcz

| REGISTERED OFFICE: | 14 Brentford Business Centre

| Commerce Road

| Brentford

| Middlesex

| TW8 8LG

| REGISTERED NUMBER: | 02861619 (England and Wales)

| AUDITORS: | PB Associates

| Chartered Accountants and Chartered Tax Advisers

| 2 Castle Business Village

| Station Road

| Hampton

| Middlesex

| TW12 2BX

| Truvelo (UK) Limited (Registered number: 02861619) |

Balance Sheet

28 February 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 33,500 |  | 67,000 |  |

Tangible assets | 5 | 1,045,969 |  | 799,667 |  |

1,079,469 |  | 866,667 |  |

CURRENT ASSETS

Stocks | 638,418 |  | 609,180 |  |

Debtors | 6 | 314,438 |  | 492,142 |  |

Cash at bank | 84,519 |  | 201,398 |  |

1,037,375 |  | 1,302,720 |  |

CREDITORS

Amounts falling due within one year | 7 | 305,900 |  | 326,379 |  |

NET CURRENT ASSETS | 731,475 |  | 976,341 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,810,944 |  | 1,843,008 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 30,000 |  | - |  |

NET ASSETS | 1,780,944 |  | 1,843,008 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Revaluation reserve | 10 | 625,190 |  | 350,190 |  |

Retained earnings | 10 | 1,155,654 |  | 1,492,718 |  |

SHAREHOLDERS' FUNDS | 1,780,944 |  | 1,843,008 |  |

| Truvelo (UK) Limited (Registered number: 02861619) |

Balance Sheet - continued

28 February 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2026 and were signed on its behalf by:

R D H Gebert - Director

| Truvelo (UK) Limited (Registered number: 02861619) |

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| Truvelo (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| 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.

| Patents and licences are being amortised evenly over their estimated useful life of ten years.

| Tangible fixed assets

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

| Plant and machinery | - | 20% on cost

| Motor vehicles | - | 20% on cost

| Stocks

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Truvelo (UK) Limited (Registered number: 02861619) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 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.

| Pension costs and other post-retirement benefits

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

| Going concern

| At the time of approving the financial statements, the directors have undertaken an assessment of the adequacy of the resources available to the company and have taken into account the impact of the coronavirus on the company as well as the expected support to businesses available from the government measures in place through the period of disruption caused by coronavirus. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and accordingly continue to adopt the going concern basis of accounting in preparing the financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2024 - 17 ) .

| Truvelo (UK) Limited (Registered number: 02861619) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 335,000 |  |

| AMORTISATION

| At 1 March 2024 | 268,000 |  |

| Charge for year | 33,500 |  |

| At 28 February 2025 | 301,500 |  |

| NET BOOK VALUE

| At 28 February 2025 | 33,500 |  |

| At 29 February 2024 | 67,000 |  |

5. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |

| property |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 March 2024 | 725,000 |  | 261,048 |  | 46,747 |  | 1,032,795 |  |

| Additions | - |  | 3,962 |  | - |  | 3,962 |  |

| Disposals | - |  | (1,382 | ) | (22,500 | ) | (23,882 | ) |

| Revaluations | 275,000 |  | - |  | - |  | 275,000 |  |

| At 28 February 2025 | 1,000,000 |  | 263,628 |  | 24,247 |  | 1,287,875 |  |

| DEPRECIATION

| At 1 March 2024 | - |  | 202,438 |  | 30,690 |  | 233,128 |  |

| Charge for year | - |  | 19,056 |  | 9,349 |  | 28,405 |  |

| Eliminated on disposal | - |  | - |  | (19,627 | ) | (19,627 | ) |

| At 28 February 2025 | - |  | 221,494 |  | 20,412 |  | 241,906 |  |

| NET BOOK VALUE

| At 28 February 2025 | 1,000,000 |  | 42,134 |  | 3,835 |  | 1,045,969 |  |

| At 29 February 2024 | 725,000 |  | 58,610 |  | 16,057 |  | 799,667 |  |

| Truvelo (UK) Limited (Registered number: 02861619) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

5. | TANGIBLE FIXED ASSETS - continued

| The directors have not depreciated freehold property as the property is maintained in good order. The original cost of construction in 1989 was £123,500. If the building had been depreciated over 50 years the annual depreciation charge would be £2,470 and the cumulative depreciation would be £86,450.

| The property was professionally revalued in 2019 by Messrs Kempton Carr Croft at £725,000 with a building reinstatement value of £360,000.

| The property was again professionally revalued in 2025 by Belleveue Mortlakes Chartered Surveyors at £1,000,000 with a building reinstatement value of £650,000.

| Cost or valuation at 28 February 2025 is represented by:

| Freehold |  | Plant and |  | Motor |

| property |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| Valuation in 2019 | 350,190 |  | - |  | - |  | 350,190 |  |

| Valuation in 2025 | 275,000 |  | - |  | - |  | 275,000 |  |

| Cost | 374,810 |  | 263,628 |  | 24,247 |  | 662,685 |  |

1,000,000 |  | 263,628 |  | 24,247 |  | 1,287,875 |  |

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Trade debtors | 256,961 |  | 438,857 |  |

| Other debtors | 57,477 |  | 53,285 |  |

314,438 |  | 492,142 |  |

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Hire purchase contracts | 9,674 |  | 15,478 |  |

| Trade creditors | 202,184 |  | 259,302 |  |

| Corporation tax | (28,623 | ) | (24,230 | ) |

| Social security and other taxes | 107,426 |  | 64,926 |  |

| Other creditors | 15,239 |  | 10,903 |  |

305,900 |  | 326,379 |  |

| Truvelo (UK) Limited (Registered number: 02861619) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Other loans - 2-5 years | 30,000 |  | - |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 28.2.25 |  | 29.2.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

10. | RESERVES

| Retained |  | Revaluation |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 March 2024 | 1,492,718 |  | 350,190 |  | 1,842,908 |  |

| Deficit for the year | (337,064 | ) | (337,064 | ) |

| Current year movement | - |  | 275,000 |  | 275,000 |  |

| At 28 February 2025 | 1,155,654 |  | 625,190 |  | 1,780,844 |  |

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

| The Report of the Auditors was unqualified.

| Ashfaq Sharif (Senior Statutory Auditor)

| for and on behalf of PB Associates

12. | ULTIMATE CONTROLLING PARTY

| The Company is 100% owned by The Measurement Private Foundation, a trust which is registered in Curacao. On 17 August 2017 Mrs H E Gebert transferred her interest in The Measurement Private Foundation to The Truvelo Manufacturers Share Trust, a trust which is registered in South Africa. Mr R-D H Gebert is the controlling trustee of The Truvelo Manufacturers Share Trust.