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REGISTERED NUMBER: 08499351 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

VANTONA HOME LIMITED

VANTONA HOME LIMITED (REGISTERED NUMBER: 08499351)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 JUNE 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

VANTONA HOME LIMITED

COMPANY INFORMATION

for the Year Ended 30 JUNE 2025

| DIRECTORS: | Zain Bashir

| Zaki Bashir

| Ziad Bashir

| REGISTERED OFFICE: | Unit 8A Newby Road

| Hazel Grove

| Stockport

| SK7 5DA

| REGISTERED NUMBER: | 08499351 (England and Wales)

| AUDITORS: | Whitehead & Howarth

| Statutory Auditors

| 327 Clifton Drive South

| Lytham St Annes

| Lancashire

| FY8 1HN

| BANKERS: | Habib Bank Ltd UK

| 2 Swan Street

| Manchester

| M4 5JN

VANTONA HOME LIMITED (REGISTERED NUMBER: 08499351)

BALANCE SHEET

30 JUNE 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 318,728 |  | 345,107 |  |

Tangible assets | 5 | 10,398 |  | 18,402 |  |

329,126 |  | 363,509 |  |

CURRENT ASSETS

Stocks | 6 | 1,173,770 |  | 741,441 |  |

Debtors | 7 | 198,045 |  | 163,613 |  |

Cash at bank | 175,097 |  | 35,222 |  |

1,546,912 |  | 940,276 |  |

CREDITORS

Amounts falling due within one year | 8 | 2,152,584 |  | 1,585,680 |  |

NET CURRENT LIABILITIES | (605,672 | ) | (645,404 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (276,546 | ) | (281,895 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 10 | (276,646 | ) | (281,995 | ) |

SHAREHOLDERS' FUNDS | (276,546 | ) | (281,895 | ) |

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 12 September 2025 and were signed on its behalf by:

Zain Bashir - Director

VANTONA HOME LIMITED (REGISTERED NUMBER: 08499351)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 JUNE 2025

1. | STATUTORY INFORMATION

| Vantona Home 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.

| 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.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets liabilities as at the balance sheet date and the amounts reported in the profit and loss accounting during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Accruals, depreciation useful life of intangible assets and stock contain the most significant estimates of the amounts recognised in the accounts.

| Turnover

| The turnover shown in the profit and loss account represents the value of all goods sold and services provided during the year, less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product and service have been transfered to the customer.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

| 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.

| Intellectual property are being amortised evenly over their estimated useful life of twenty five years.

| Amortisation

| Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life. Intellectual property of design rights is amortised over 25 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

| Tangible fixed assets are initially recorded at historic cost and stated in the balance sheet at their net book value, being the amount of capital expenditure less accumulated depreciation.

| Stocks

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

VANTONA HOME LIMITED (REGISTERED NUMBER: 08499351)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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

| Functional and presentation currency

| Items included in the financial statements are presented in 'Sterling £GBP, the currency of the primary economic environment in which the entity operates (the 'functional currency').

| Transactions and balances

| Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction or at a contracted rate. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date or the contracted rate. Non-monetary items that are measured at historical cost are translated at the foreign exchange rate ruling at the date of the transaction. Non-monetary items measured at fair value are translated at the rate of exchange at the date of the valuation. All differences are taken to the profit and loss account as part of the fair value gain or loss.

| Going concern

| The company made a profit of £6,834 (2024 - £154) for the year ended 30 June 2025 and had net liabilities of £256,546 (2024 - £281,895). The company is dependent, in the absence of other funding on the continued financial support of it's parent companies. They have confirmed their commitment to provide the necessary support and the directors consider it appropriate to prepare financial statements on a going concern basis, based on management actively pursuing international opportunities in Australia, the UAE, Saudi Arabia, and the US. These initiatives are intended to diversify revenue streams and reduce reliance on the UK market. In the UK, engagement has commenced with new major customers including House of Fraser Retail, Costco, Boundary Mill, and Fenwicks. Management views the prospects from these customers as positive for medium-term growth.Several new Vantona ranges have been launched, including Everyday, Jacquard, Essentials, Loom, and new Christmas/Fleece products. These additions strengthen the brand's portfolio and have been incorporated into sales forecasts. Management considers that the combination of international market expansion, new customer opportunities, stable existing customer performance, and product innovation provides a clear basis to support the directors' assessment that Vantona remains a going concern for the foreseeable future.

| The directors' forecasts and projections take into account reasonable and possible changes in trading performance. In addition, they have assessed the recoverability of intercompany debts which on the basis of the future trading expectations and parent company support they consider will be recoverable in full. As a result, the directors have a reasonable expectation that the company has adequate resources to repay its debts as they fall due and continue in operational existence for at least 12 months from the date of approval of these financial statements. In addition, the parent undertaking has confirmed that they will support the company for at least 12 months from the balance sheet date. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

VANTONA HOME LIMITED (REGISTERED NUMBER: 08499351)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

3. | EMPLOYEES AND DIRECTORS

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

4. | INTANGIBLE FIXED ASSETS

| Intellectual |

| Goodwill |  | property |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024

| and 30 June 2025 | 45,000 |  | 659,475 |  | 704,475 |  |

| AMORTISATION

| At 1 July 2024 | 45,000 |  | 314,368 |  | 359,368 |  |

| Amortisation for year | - |  | 26,379 |  | 26,379 |  |

| At 30 June 2025 | 45,000 |  | 340,747 |  | 385,747 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  | 318,728 |  | 318,728 |  |

| At 30 June 2024 | - |  | 345,107 |  | 345,107 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 24,012 |  |

| DEPRECIATION

| At 1 July 2024 | 5,610 |  |

| Charge for year | 8,004 |  |

| At 30 June 2025 | 13,614 |  |

| NET BOOK VALUE

| At 30 June 2025 | 10,398 |  |

| At 30 June 2024 | 18,402 |  |

6. | STOCKS

| 30.6.25 |  | 30.6.24

£ | £ |

| Stocks | 1,173,770 |  | 741,441 |  |

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 169,003 |  | 122,116 |  |

| Other debtors | 18,983 |  | 30,660 |  |

| Deferred tax asset | 10,059 |  | 10,837 |  |

198,045 |  | 163,613 |  |

VANTONA HOME LIMITED (REGISTERED NUMBER: 08499351)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade creditors | 126,018 |  | 155,828 |  |

| Amounts owed to group undertakings | 1,976,590 |  | 1,391,056 |  |

| Tax | 707 |  | - |  |

| VAT | 35,552 |  | 29,274 |  |

| Accrued expenses | 13,717 |  | 9,522 |  |

2,152,584 |  | 1,585,680 |  |

9. | SECURED DEBTS

| The bank registered a charge dated 23rd November 2017 with a fixed and floating charge over all the property with One Stop Business Capital Limited.

10. | RESERVES

| Retained

| earnings

£ |

| At 1 July 2024 | (281,995 | ) |

| Profit for the year | 5,349 |  |

| At 30 June 2025 | (276,646 | ) |

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

| The Report of the Auditors was unqualified.

| Mark Croasdale Bsc (Hons) F.C.C.A. (Senior Statutory Auditor)

| for and on behalf of Whitehead & Howarth

12. | ULTIMATE CONTROLLING PARTY

| At the year end date JCCO 406 Limited is the immediate parent company as it owns the entire share capital of Vantona Home Limited. JCCO 406 Limited is owned 100% by GTM (Europe) Limited which is ultimately owned by Gul Ahmed Textile Mills Ltd.

| Consolidated financial statements will be prepared by Gul Ahmed Textile Mills Limited for the year ending 30 June 2024, and it's registered office is Plot No.82, Main National Highway, Landhi, Karachi-75120, Pakistan.