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REGISTERED NUMBER: 13579094 (England and Wales)

| Unaudited Financial Statements |

| for the Period 1 January 2024 to 30 June 2025 |

| for |

| Pipeline Organics Ltd |

| Pipeline Organics Ltd (Registered number: 13579094) |

Contents of the Financial Statements

for the period 1 January 2024 to 30 June 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Chartered Accountants' Report | 6 |

| Pipeline Organics Ltd |

Company Information

for the period 1 January 2024 to 30 June 2025

| DIRECTORS: | Dr K Jodeiri

| A Raslan

| Miss A C Torres

| P E Hodgson

| SECRETARY: | OHS SECRETARIES LIMITED

| REGISTERED OFFICE: | Medicity Nottingham

| D6 Thane Road

| Nottingham

| Nottinghamshire

| NG90 6BH

| REGISTERED NUMBER: | 13579094 (England and Wales)

| ACCOUNTANTS: | Bennett Brooks & Co Limited

| Chartered Accountants

| St George's Court

| Winnington Avenue

| Northwich

| Cheshire

| CW8 4EE

| Pipeline Organics Ltd (Registered number: 13579094) |

Balance Sheet

30 June 2025

2025 | 2023 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 4 | 26,271 |  | - |  |

CURRENT ASSETS

Debtors | 5 | 8,114 |  | 22,627 |  |

Cash at bank | 388,581 |  | 96,200 |  |

396,695 |  | 118,827 |  |

CREDITORS

Amounts falling due within one year | 6 | (11,894 | ) | (119,599 | ) |

NET CURRENT ASSETS/(LIABILITIES) | 384,801 |  | (772 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 411,072 |  | (772 | ) |

CAPITAL AND RESERVES

Called up share capital | 7 | 5,085 |  | 3 |  |

Share premium | 872,515 |  | - |  |

Retained earnings | (466,528 | ) | (775 | ) |

SHAREHOLDERS' FUNDS | 411,072 |  | (772 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 5 March 2026 and were signed on its behalf by:

A Raslan - Director

| Pipeline Organics Ltd (Registered number: 13579094) |

Notes to the Financial Statements

for the period 1 January 2024 to 30 June 2025

1. | STATUTORY INFORMATION

| Pipeline Organics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Tangible fixed assets

| Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

| Plant and machinery - 25% on reducing balance

| Computer equipment - 20% straight line

| Taxation

| Taxation for the period 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 period 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.

| 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.

| Pipeline Organics Ltd (Registered number: 13579094) |

Notes to the Financial Statements - continued

for the period 1 January 2024 to 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Share capital

| Ordinary shares are classed as equity. Mandatorily redeemable preference shares are classified as liabilities. The dividends on these preference shares are taken to the income statement as finance expense.

| Short term debtors and creditors

| Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

| Cash and cash equivalents

| Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Loans and borrowings

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 6 (2023 - 3 ) .

4. | TANGIBLE FIXED ASSETS

Plant and | Computer |

machinery | equipment | Totals |

| £ | £ | £

| COST

| Additions | 27,967 |  | 6,723 |  | 34,690 |  |

| At 30 June 2025 | 27,967 |  | 6,723 |  | 34,690 |  |

| DEPRECIATION

| Charge for period | 7,124 |  | 1,295 |  | 8,419 |  |

| At 30 June 2025 | 7,124 |  | 1,295 |  | 8,419 |  |

| NET BOOK VALUE

| At 30 June 2025 | 20,843 |  | 5,428 |  | 26,271 |  |

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

2025 | 2023 |

| £ | £

| Other debtors | - |  | 14,449 |  |

| VAT | 7,438 |  | 7,675 |  |

| Prepayments | 676 |  | 503 |  |

8,114 |  | 22,627 |  |

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

2025 | 2023 |

| £ | £

| Social security & other taxes | 5,656 |  | - |  |

| Other creditors | 3,735 |  | 99,999 |  |

| Directors' current accounts | 3 |  | 19,000 |  |

| Accrued expenses | 2,500 |  | 600 |  |

11,894 |  | 119,599 |  |

| Pipeline Organics Ltd (Registered number: 13579094) |

Notes to the Financial Statements - continued

for the period 1 January 2024 to 30 June 2025

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: |  | Class: |  |  | Nominal |  |  | 2025 |  |  | 2023 |

|  | value: |  |  | £ |  |  | £ |

| 4,000,000 |  | Ordinary |  |  | £0.001 |  |  | 4,000 |  |  | 3 |

| 458,664 |  | Seed 1 Preffered |  |  | £0.001 |  |  | 459 |  |  | - |

| 200,000 |  | Seed 2 Preffered |  |  | £0.001 |  |  | 200 |  |  | - |

| 425,507 |  | Seed ordinary |  |  | £0.001 |  |  | 426 |  |  | - |

|  | 5,085 |  |  | 3 |

| 3,999,997 Ordinary shares of £0.001 each were allotted and fully paid for cash at par during the period.

| The following fully paid shares were allotted during the period at a premium as shown below:

| 458,664 Seed 1 preferred shares of £0.001 each at £0.9048 per share

| 200,000 Seed 2 preferred shares of £0.001 each at £0.50 per share

| 425,507 Seed Ordinary shares of £0.001 each at £0.9048 per share

| During the period, the following share transactions were implemented:

| On 26/02/2024, 3,997 Ordinary shares were issued and fully paid at par.

| Then the ordinary shares, on 10/06/2024 were subdivided into £0.001 per share increasing the Ordinary shares held to 4,000,000 £0.001 shares.

| On 11/06/2024 there was an allotment of 3 additional shares classes;

| 458,664 £0.001 Seed 1 Preferred shares

| 200,000 £0.001 Seed 2 Preferred shares

| 425,507 £0.001 Seed Ordinary shares

| As noted above, these were fully paid at a premium of £0.9048 per share for the Seed 1 preffered and Seed ordinary and £0.50 for the Seed preffered 2.

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Pipeline Organics Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pipeline Organics Ltd for the period ended 30 June 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pipeline Organics Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pipeline Organics Ltd and state those matters that we have agreed to state to the Board of Directors of Pipeline Organics Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pipeline Organics Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pipeline Organics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pipeline Organics Ltd. You consider that Pipeline Organics Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Pipeline Organics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

5 March 2026