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REGISTERED NUMBER: 04273743 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

CFC 2001 LTD

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

| Company Information | 1 |

| Chairman's Report | 2 |

| Strategic Report | 4 |

| Report of the Directors | 6 |

| Report of the Independent Auditors | 8 |

| Income Statement | 14 |

| Other Comprehensive Income | 15 |

| Statement of Financial Position | 16 |

| Statement of Changes in Equity | 17 |

| Statement of Cash Flows | 18 |

| Notes to the Statement of Cash Flows | 19 |

| Notes to the Financial Statements | 20 |

| CFC 2001 LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTORS: | Mr J Croot

| Mr A Fantom

| Mr M W Goodwin

| Mr A A Kirk

| Mrs S E Kirk

| Mr D T Simmonds

| Dr P C Stankard

| SECRETARY: | Mr P Whiteley

| REGISTERED OFFICE: | The SMH Group Stadium

| 1866 Sheffield Road

| Chesterfield

| United Kingdom

| S41 8NZ

| REGISTERED NUMBER: | 04273743 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Michael Hewett

| AUDITORS: | PEM Audit Limited

| Registered Auditor

| Salisbury House

| Station Road

| Cambridge

| CB1 2LA

| BANKERS: | Barclays Bank Plc

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

CHAIRMAN'S REPORT

FOR THE YEAR ENDED 30 JUNE 2025

This financial report represents Chesterfield FC's first full season back in the EFL after a six year absence and the first full year since the Kirk family took control of the club. Whilst reaching the play offs and achieving the highest average attendance in many years was a great effort and built on the solid foundations laid in the promotion season, the past year has been overshadowed by the death of my brother Phil.

I would like to take this opportunity to remind all investors that without the ambition, direction and financial support provided by Phil and his wife Sharon the club would not be celebrating its second season in the Football League and indeed, it probably would not even be in existence. Phil loved the club and was so proud to become the Owner, it is a great shame that he never had the opportunity to see the future years of league football that his investment and passion will bring to our club. The support Phil, Sharon and the whole family has received from the club, the local community and the wider football world has been truly humbling and I would like, on behalf of all of us, to thank everyone for your love and best wishes during what has been a truly terrible period.

This is my first year as Chairman of Chesterfield FC and both I and the club would like to place on record my thanks to Mike Goodwin who stepped down as chairman after five years but continues to serve on the board as Vice Chairman. The role Mike has played in stabilising the club during one of its most turbulent periods has been immense, I can only hope to come close to matching his calm stewardship of the club, he will be a very difficult act to follow.

These accounts once again show a considerable operating loss yet a big improvement from last year. Undoubtedly the increased revenues from being members of the EFL have played a large part in the reduction but running an ambitious club in the current football economy is an expensive business. The Owners were comfortable with the level of investment required and continue to support Paul Cook and the football department as we develop and improve the squad. The club losses are underwritten by the continued capital injections by the Kirk family and we are more than comfortable with the debt reduction repayments on our outstanding external loans from the two Councils and Sport England.

Further capital investment has resulted in an overhaul of the hospitality areas as we continue to modernise the stadium and its facilities. The three lounges are now state of the art and it is a strange but confident boast that we have the finest toilets in hospitality across the EFL. Our challenge will now come in promoting the venues for private hire and club run events whilst navigating the tricky economic conditions affecting the country as a whole.

The next few months will see the club and football come under government regulation for the first time with the establishment and introduction of the Independent Football Regulator (IFR). Over the next three years, the IFR will fundamentally reshape how English football is governed, with club licensing at the centre of its approach. Established by the Football Governance Act 2025, the IFR's core mission is to strengthen financial sustainability, corporate governance and fan engagement across the top five tiers of men's football, replacing the previous system of self-regulation.

From the 2026-27 season, the 116 clubs in the Premier League, EFL and National League will begin applying for provisional operating licences. This means that we will be submitting strategic business plans, financial forecasts and evidence of governance and supporter engagement. Clubs will have up to three years to transition to full licences, during which the IFR will supervise progress and may impose bespoke conditions on at-risk clubs to control costs, strengthen liquidity and boost long-term resilience.

Alongside licensing, the Regulator will enforce enhanced Owners' and Directors' tests, monitor debt-funded takeovers more closely, and increase transparency about clubs' financial risk profiles. This regime aims to protect clubs' heritage, safeguard fans' interests, and prevent insolvencies that have historically destabilised the English game. The board welcomes this approach and hopes that it will lead to greater prudence amongst the clubs that we compete within the league. Chesterfield FC has already reached out to the Regulator offering to be a pilot club with a view to getting our governance, financial controls and processes in line with the regulators requirements at the earliest opportunity. One thing that we should all note is that this in no way guarantees more money from the Premier League to clubs at our level.

The Board has already produced a high level strategy document looking forward to the end of 2028 and a brief outline of our aims are as follows:

- Promotion to and consolidation in EFL League One

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

CHAIRMAN'S REPORT

FOR THE YEAR ENDED 30 JUNE 2025

- Significantly reduced reliance on owner funding

- Modern facilities supporting elite performance and player development

- Strong governance, commercial growth and supporter engagement

By the end of the 2027/28 season, we would like Chesterfield FC to be a financially sustainable EFL League One club. However, we accept we might be a financially sustainable EFL League Two club. We aim to be operating from modern facilities, supported by strong governance, diversified revenues, an engaged supporter base and a football model capable of delivering consistent performance and long-term value.

Finally, I would like to extend my sincere thanks to our investors and supporters for the unwavering commitment you have shown over the past 12 months. Your belief in the club during a period of steady, measured improvement has been invaluable, and we recognise that building long-term success takes both time and patience. We remain determined to reduce our reliance on owner funding as we strengthen our commercial and operational foundations, ensuring a more sustainable future for Chesterfield FC. I also wish to place on record our heartfelt gratitude to Sharon Kirk for her continued support and resilience during what has been an exceptionally difficult year. Together, as a club, a community and a family of supporters, we are working tirelessly to bring Phil's dream to life and to honour and build upon the legacy he so passionately created.

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

STRATEGIC REPORT

FOR THE YEAR ENDED 30 JUNE 2025

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

The 2024/25 financial year saw Chesterfield FC return to the Football League for the first time in six seasons. While this was welcome and came with an increase in revenue, particularly from the football authorities, it did come with challenges for the business.

We also found out about the health concerns of the majority shareholder, Phil Kirk, and tragically he died shortly after the end of the year. The reaction in the football and energy world, and particularly among Chesterfield supporters, showed the esteem in which he was held.

REVIEW OF BUSINESS

The team seemed to take the step-up in its stride and flirted with the automatic promotion spots before an injury crisis around Christmas threatened to derail any thought of promotion. Fourteen of the first-team squad were unavailable for the busy holiday period as the team struggled to fill a full quota of substitutes. One of the Academy players became the second ever youngest debutant in the club's history as a result.

As players returned from injury, there was a strong finish to the season. With only one defeat in the last quarter of the term the team rallied from sixteenth to make the play-offs at the last match of the season. Unfortunately, the semi-final against Walsall was a step too far in the first season back.

Attendances again continued to be remarkable. A decision was made to restrict visiting supporters to the north wing of the East Stand, this 1061 seats met EFL requirements but meant that home supporters exceeded eight thousand for eleven league games and the play-off match. Twice there were crowds of more than ten thousand with the average of almost 8500 being a 55-year record. Season ticket sales again slightly increased to record numbers for 2025/26 and while the average for crowds has dropped marginally it is still well over eight thousand.

The injury issues last season meant that a real appraisal of the playing staff was difficult. Steps have been taken in the medical department to investigate patterns injuries and a more robust protocol for pre-signing medicals has been implemented. The latter resulted in the first two potential signings being cancelled.

At the start of this season several signings were made of players who might have been expected to be competing at a higher level. It is clear that the status of Paul Cook helps in bringing talent to the club. The board has laid down a strategy to decrease the age of the squad and sign resaleable players who are developing. This summers recruits fit this strategy.

The return to the Football League brought extra layers of governance and financial reporting. While the safeguarding protocols were established immediately those around Equality, Diversity and Inclusion are still being developed; there is no suggestion that there are any issues with this at the club. The stringent controls around the Salary Cost Management Protocol change from season to season and we will now also have to work with the new Independent Football Regulator (IFR). The IFR's core objectives will be to protect and promote the financial soundness of regulated football clubs, protect and promote financial resilience of English football and safeguard the heritage of English football. The club welcomes the introduction of this regulator.

With Sharon Kirk becoming the effective owner of Chesterfield FC, the board has instigated a new strategic plan for the club. This particularly addresses the expected financial shortfalls that are bridged by the owner to ensure a financially viable model.

Work continues to develop the training ground at Hasland; this is important for the squad and in recruiting new players. While the pitches are now first-rate, the other facilities need to be replaced with a new building. The club is committed to this development as part of Phil Kirk's legacy.

The Academy continues to be a hybrid model. A category 4 youth team only status but supported by scores of other young players on education-based schemes. Despite having only year-one scholars the youth team finished seventh of twenty-five in the Football League Youth Alliance. The young footballers almost exclusively made up the members of the reserve team that held its own in the Central League. As well as one player signing on professional terms on his seventeenth birthday, another has featured in the first-team and several regularly train with the first-team squad.

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

STRATEGIC REPORT

FOR THE YEAR ENDED 30 JUNE 2025

PRINCIPAL RISKS AND UNCERTAINTIES

The death of Phil Kirk, as well as being a tragedy for his family and friends, had to be identified as a threat to the business he owned. Sharon Kirk has pledged to continue with her husbands vision to provide a legacy for Phil and has made commitments around the future of the club.

With the country, and the wider world, still faced with economic uncertainty, there remains a threat to businesses in the leisure industry. While there have been concessions from the government around some of the hospitality sector, it is not clear whether these will benefit events at the stadium. The work to renovate the lounges that has been championed by Sharon Kirk has made the stadium the premier hospitality and business event venue in North Derbyshire. The feedback about the changes has been strong and it is hoped that demand will increase both for our own events and for externally booked functions.

In football it is what happens on the field that generates most of the risks. This includes commercial activities and to a lesser extent non-football business. Everyone knows the rewards that promotion to the League meant a similar step-up in funding and quality of football can follow if the team is successful again. Football is also an industry where as well as budgets, cashflow is a significant factor.

FINANCIAL KEY PERFORMANCE INDICATORS

The major ongoing cost in football is the playing budget. Clearly there will always be a balance between ensuring that the team is competitive and able to challenge for promotion as well as being financially viable. The new strategy should help to firstly monitor this and move the business to a stronger position.

In terms of judging performance, we expect to see the turn-over rise each year. However, any rise should be generated by increased income. We are looking at more business away from matchdays in the renovated lounges and greater commercial opportunities that the club's profile allows. The primary business is football so keeping our season ticket numbers around the record levels is important. Match-by-match sales have reduced a little, probably as the national economy suffers. Strategies are being established to engage more of the local community and to push the attraction of the club and local football to a wider geographical area.

ON BEHALF OF THE BOARD:

Mr J Croot - Director

26 February 2026

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 JUNE 2025

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

PRINCIPAL ACTIVITY

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

DIVIDENDS

No dividends will be distributed for the year ended 30 June 2025.

DIRECTORS

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

Mr J Croot

Mr A Fantom

Mr M W Goodwin

Mr A A Kirk

Mr D T Simmonds

Dr P C Stankard

Other changes in directors holding office are as follows:

Mrs S E Kirk - appointed 24 September 2024

Mr W T Ward - resigned 29 August 2024

Mr P A Kirk (deceased) ceased to be a director after 30 June 2025 but prior to the date of this report.

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS

The directors have been granted a qualifying third party indemnity provision under Section 234 of the Companies Act 2006. This indemnity does not provide cover in the event of a director acting fraudulently or dishonestly.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Annual Report 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;

- | 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.

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 JUNE 2025

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr A A Kirk - Director

26 February 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CFC 2001 LTD

Opinion

We have audited the financial statements of CFC 2001 Ltd (the 'company') for the year ended 30 June 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, 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).

We have audited the financial statements of CFC 2001 Ltd Limited (the 'Company') for the year ended 30 June 2025, which comprise of the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Cash Flow Statement and the related notes, 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 June 2025 and of its loss for the year then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the 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. 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 Auditor's 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 United Kingdom, including the Financial Reporting Council'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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CFC 2001 LTD

Other information

The directors are responsible for the other information. The other information comprises the information in the Annual Report, 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.

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.

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.

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

- the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the Strategic Report and the Directors' Report 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CFC 2001 LTD

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement, set out on page 2, 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 is 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

CFC 2001 LTD

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 material misstatements in respect of irregularities including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and taxation legislation;

- in addition, we considered provisions of other laws and regulations which do not have a direct effect on the financial statements but compliance with which might be fundamental to the company's ability to operate or to avoid material penalties;

- we obtained an understanding of the legal and regulatory framework applicable to the Company and of the Company's policies and procedures on compliance with laws and regulations, including documentation of any instances of non-compliance;

- we made enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

- we considered the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;

- we obtained an understanding of the entity's risk assessment process, including the risk of fraud;

- we assessed the susceptibility of the entity's financial statements to material misstatement, including how fraud might occur;

- laws and regulations identified were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

As a result of the above risk assessment procedures we identified the greatest risk of material misstatement on the financial statements arising from irregularities and fraud to be within the potential for management to override controls together with the risk of fraudulent revenue recognition. We considered the risk of fraudulent revenue recognition to be most prevalent in the cut-off of revenue. In response to these identified risks, we designed procedures which included, but were not limited to:

- performed analytical procedures to identify any unusual or unexpected relationships;

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CFC 2001 LTD

- performed audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business;

- assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias;

- we used Audit Data Analytics to review the client data for unusual trends/anomalies;

- performed substantive testing for a sample of revenue transactions and assessed whether revenue was recognised in the correct financial period.

- performed substantive testing for a sample of revenue transactions during the year to ensure completeness.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- we agreed the financial statement disclosures to underlying supporting documentation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence;

- we read the minutes of meetings of those charged with governance;

- we reviewed any correspondence with relevant regulators and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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 Auditor's Report.

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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CFC 2001 LTD

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.

Michael Hewett (Senior Statutory Auditor)

for and on behalf of PEM Audit Limited

Registered Auditor

Salisbury House

Station Road

Cambridge

CB1 2LA

11 March 2026

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

INCOME STATEMENT

FOR THE YEAR ENDED 30 JUNE 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 7,804,088 |  | 5,598,556 |  |

Cost of sales | 941,478 |  | 816,888 |  |

GROSS PROFIT | 6,862,610 |  | 4,781,668 |  |

Administrative expenses | 9,162,496 |  | 8,036,188 |  |

(2,299,886 | ) | (3,254,520 | ) |

Other operating income | 4 | 81,349 |  | 60,831 |  |

OPERATING LOSS | 6 | (2,218,537 | ) | (3,193,689 | ) |

Interest receivable and similar income | 1 |  | 2,039 |  |

(2,218,536 | ) | (3,191,650 | ) |

Interest payable and similar expenses | 8 | 164,357 |  | 120,777 |  |

LOSS BEFORE TAXATION | (2,382,893 | ) | (3,312,427 | ) |

Tax on loss | 9 | - |  | - |  |

LOSS FOR THE FINANCIAL YEAR | (2,382,893 | ) | (3,312,427 | ) |

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 JUNE 2025

| 2025 |  | 2024

| Notes | £ | £ |

LOSS FOR THE YEAR | (2,382,893 | ) | (3,312,427 | ) |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | (2,382,893 | ) | (3,312,427 | ) |

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

STATEMENT OF FINANCIAL POSITION

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | 81,839 |  | 66,233 |  |

Tangible assets | 11 | 13,302,283 |  | 12,936,489 |  |

13,384,122 |  | 13,002,722 |  |

CURRENT ASSETS

Stocks | 12 | 129,698 |  | 95,243 |  |

Debtors | 13 | 4,411,503 |  | 667,985 |  |

Cash at bank and in hand | 1,477,164 |  | 555,741 |  |

6,018,365 |  | 1,318,969 |  |

CREDITORS

Amounts falling due within one year | 14 | 4,079,981 |  | 3,023,026 |  |

NET CURRENT ASSETS/(LIABILITIES) | 1,938,384 |  | (1,704,057 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 15,322,506 |  | 11,298,665 |  |

CREDITORS

Amounts falling due after more than one year | 15 | 4,806,237 |  | 5,399,503 |  |

NET ASSETS | 10,516,269 |  | 5,899,162 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 21,310,078 |  | 14,310,078 |  |

Share premium | 5,931,216 |  | 5,931,216 |  |

Retained earnings | (16,725,025 | ) | (14,342,132 | ) |

SHAREHOLDERS' FUNDS | 10,516,269 |  | 5,899,162 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2026 and were signed on its behalf by:

Mr A A Kirk - Director

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 July 2023 | 10,837,784 |  | (11,029,705 | ) | 5,931,216 |  | 5,739,295 |  |

Changes in equity

Issue of share capital | 3,472,294 |  | - |  | - |  | 3,472,294 |  |

Total comprehensive income | - |  | (3,312,427 | ) | - |  | (3,312,427 | ) |

Balance at 30 June 2024 | 14,310,078 |  | (14,342,132 | ) | 5,931,216 |  | 5,899,162 |  |

Changes in equity

Issue of share capital | 7,000,000 |  | - |  | - |  | 7,000,000 |  |

Total comprehensive income | - |  | (2,382,893 | ) | - |  | (2,382,893 | ) |

Balance at 30 June 2025 | 21,310,078 |  | (16,725,025 | ) | 5,931,216 |  | 10,516,269 |  |

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | (2,126,583 | ) | (2,400,503 | ) |

Interest paid | (164,357 | ) | (120,777 | ) |

Decrease in debts with Community Trust | - |  | (85,812 | ) |

Net cash from operating activities | (2,290,940 | ) | (2,607,092 | ) |

Cash flows from investing activities

Purchase of intangible fixed assets | (125,000 | ) | (100,600 | ) |

Purchase of tangible fixed assets | (583,017 | ) | (549,275 | ) |

Sale of intangible fixed assets | 371,510 |  | - |  |

Sale of tangible fixed assets | 11,950 |  | - |  |

Interest received | 1 |  | 2,039 |  |

Net cash from investing activities | (324,556 | ) | (647,836 | ) |

Cash flows from financing activities

New loans in year | 279,649 |  | 431,837 |  |

Loan repayments in year | (92,730 | ) | (295,074 | ) |

Unpaid share capital | (3,650,000 | ) | - |  |

Share issue | 7,000,000 |  | 3,472,294 |  |

Net cash from financing activities | 3,536,919 |  | 3,609,057 |  |

Increase in cash and cash equivalents | 921,423 |  | 354,129 |  |

Cash and cash equivalents at beginning of year | 2 | 555,741 |  | 201,612 |  |

Cash and cash equivalents at end of year | 2 | 1,477,164 |  | 555,741 |  |

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

NOTES TO THE STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

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

| 2025 |  | 2024

£ | £ |

| Loss before taxation | (2,382,893 | ) | (3,312,427 | ) |

| Depreciation charges | 256,514 |  | 163,201 |  |

| Loss on disposal of fixed assets | 2,021 |  | - |  |

| Profit on disposal of intangible assets | (315,378 | ) | - |  |

| Finance costs | 164,357 |  | 120,777 |  |

| Finance income | (1 | ) | (2,039 | ) |

(2,275,380 | ) | (3,030,488 | ) |

| Increase in stocks | (34,455 | ) | (10,386 | ) |

| Increase in trade and other debtors | (93,519 | ) | (22,015 | ) |

| Increase in trade and other creditors | 276,771 |  | 662,386 |  |

| Cash generated from operations | (2,126,583 | ) | (2,400,503 | ) |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

| Year ended 30 June 2025

| 30/6/25 |  | 1/7/24

£ | £ |

| Cash and cash equivalents | 1,477,164 |  | 555,741 |  |

| Year ended 30 June 2024

| 30/6/24 |  | 1/7/23

£ | £ |

| Cash and cash equivalents | 555,741 |  | 201,612 |  |

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1/7/24 | Cash flow | At 30/6/25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 555,741 |  | 921,423 |  | 1,477,164 |  |

555,741 |  | 921,423 |  | 1,477,164 |  |

| Debt

| Debts falling due within 1 year | (87,455 | ) | (795,483 | ) | (882,938 | ) |

| Debts falling due after 1 year | (3,474,588 | ) | 608,565 |  | (2,866,023 | ) |

(3,562,043 | ) | (186,918 | ) | (3,748,961 | ) |

| Total | (3,006,302 | ) | 734,505 |  | (2,271,797 | ) |

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| CFC 2001 Ltd is a private company, limited by shares, registered in England and Wales. Its registered number is 04273743 and its registered office is:

| The SMH Group Stadium

| 1866 Sheffield Road

| Chesterfield

| United Kingdom

| S41 8NZ

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.

| Going concern

| At 30 June 2025 the Company had net current assets amounting to £1,938,384 (2024: net current liability of £1,704,057). The Club managed a strong finish within the play off places within the league two and narrowly missed out on promotion after defeat in the semi-finals. The change from a net liability to net asset position is primarily from the unpaid share capital that demonstrates the further capital input from the owners into the club for the 2025/26 season.

| The board looked forward to the 2025/26 season and the owners agreed that they would underwrite the campaign and ensure the company would meet its debts as they fell due. The Club continues to face uncertainty in its operations and financial performance. Income from catering and concourse sales together with commercial activity and obviously sponsorship and ticket sales are driven by success on the field.

| At 30 June 2025, and as at the date of these accounts, Phil Kirk is the majority owner of the club. As agreed as part of the equity funding by shareholders, Sharon Kirk will personally guarantee the Club can meet its debts as they fall due, fulfil its fixture commitments and continue as a going concern for the next season at least (or in excess of 12 months).

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 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 turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue received in advance of a period end but relating to events occuring in future periods, principally season ticket income, is treated as deferred income. The deferred income is released to turnover as and when the Company performs its contractual obligations, for example as each home game is played.

| Government grants

| Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

| Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

| Borrowing costs

| All borrowing costs are recognised in profit or loss in the year in which they are incurred.

| Exceptional items

| Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

| Pensions

| 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 seperate entity. Once the contributions have been paid the Company has no further payment obligations.

| The contributions are recognised as an expense in profit or loss 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 seperately from the Company in independently administered funds.

| Intangible assets

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

| All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

| Transfer fees are capitalised and amortised over the length of the player's contract.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Long leasehold | - | 10% on cost

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 10% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Freehold land is not depreciated.

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

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

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

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is re-measured. It is measured initially at the present value of future cash flows, discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

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

| No significant judgements have had to be made by management in preparing these financial statements.

| The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results.

| (i) Useful economic lives of tangible assets and intangible 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 and are amended when necessary to reflect current estimates, based on technological advancement and the physical condition of the assets. See note 11 for the carrying amount of tangible fixed assets, and note 2 above for the depreciation rates applied to each category of assets.

| The annual amortisation charge for intangible assets (transfer fees for players) is sensitive to changes in the estimated useful economic lives. The useful economic lives are re-assessed annually and are amended when necessary to reflect current estimates, based on management's assessment. See note 10 for the carrying amount of intangible fixed assets, and note 2 above for the amortisation policy.

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

3. | TURNOVER

| The turnover and loss before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Gates and season tickets | 4,125,740 |  | 2,614,693 |  |

| TV and football awards | 74,626 |  | 219,583 |  |

| Transfer fees | 343,466 |  | 15,000 |  |

| Commercial income | 2,545,260 |  | 2,494,997 |  |

| Other income | 714,996 |  | 254,283 |  |

7,804,088 |  | 5,598,556 |  |

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

| 2025 |  | 2024

£ | £ |

| United Kingdom | 7,804,088 |  | 5,598,556 |  |

7,804,088 |  | 5,598,556 |  |

4. | OTHER OPERATING INCOME

| 2025 |  | 2024

£ | £ |

| Amortisation of government

| grants receivable | 73,349 |  | 51,069 |  |

| Lease premium income | 5,600 |  | 5,600 |  |

| Other grants receivable | 2,400 |  | 4,162 |  |

81,349 |  | 60,831 |  |

5. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 5,411,628 |  | 4,532,745 |  |

| Social security costs | 570,451 |  | 456,765 |  |

| Other pension costs | 61,481 |  | 71,892 |  |

6,043,560 |  | 5,061,402 |  |

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

| 2025 |  | 2024

| Management, players and coaches | 39 |  | 40 |  |

| Admin, commercial, community, C&B | 135 |  | 98 |  |

| Matchday | 18 |  | 11 |  |

192 |  | 149 |  |

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

5. | EMPLOYEES AND DIRECTORS - continued

| There is no directors remuneration as they are not employed by the Club.

6. | OPERATING LOSS

| The operating loss is stated after charging:

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 203,252 |  | 128,834 |  |

| Loss on disposal of fixed assets | 2,021 |  | - |  |

| Players registrations amortisation | 53,262 |  | 34,367 |  |

| Auditors' remuneration | 10,000 |  | 10,000 |  |

7. | EXCEPTIONAL ITEMS

| 2025 |  | 2024

£ | £ |

| Exceptional items | - |  | (203,462 | ) |

8. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 497 |  | 720 |  |

| Other loan interest | 163,860 |  | 120,057 |  |

164,357 |  | 120,777 |  |

9. | TAXATION

| Analysis of the tax charge

| No liability to UK corporation tax arose for the year ended 30 June 2025 nor for the year ended 30 June 2024.

| Reconciliation of total tax charge included in profit and loss

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

| 2025 |  | 2024

£ | £ |

| Loss before tax | (2,382,893 | ) | (3,312,427 | ) |

| Loss multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 19%) | (595,723 | ) | (629,361 | ) |

| Effects of:

| Expenses not deductible for tax purposes | (8,515 | ) | (4,701 | ) |

| Capital allowances in excess of depreciation | (329,384 | ) | (43,983 | ) |

| Non-taxable income | (63,789 | ) | (9,703 | ) |

| Losses to carry forward | 997,411 |  | 687,748 |  |

| Total tax charge | - |  | - |  |

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

9. | TAXATION - continued

| Factors that may affect future tax charges

| At 30 June 2025, the Company had trading losses totalling £9,123,966 (2024: £6,347,900) and capital losses totalling £137,000 (2024: £137,000) to carry forward to utilise against taxable profits arising in future periods. No deferred tax asset has been provided in respect of these losses, due to the uncertainty as to the future profitability of the Company. There is no material unprovided deferred taxation liability, and it is expected that there will continue to be small differences between the amount of depreciation charged in the accounts and capital allowances claimed.

10. | INTANGIBLE FIXED ASSETS

| Players

| registrations

£ |

| COST

| At 1 July 2024 | 273,100 |  |

| Additions | 125,000 |  |

| Disposals | (215,600 | ) |

| At 30 June 2025 | 182,500 |  |

| AMORTISATION

| At 1 July 2024 | 206,867 |  |

| Amortisation for year | 53,262 |  |

| Eliminated on disposal | (159,468 | ) |

| At 30 June 2025 | 100,661 |  |

| NET BOOK VALUE

| At 30 June 2025 | 81,839 |  |

| At 30 June 2024 | 66,233 |  |

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

11. | TANGIBLE FIXED ASSETS

| Freehold |  | Long |  | Plant and

| property |  | leasehold |  | machinery

£ | £ | £ |

| COST

| At 1 July 2024 | 13,046,778 |  | 355,319 |  | 371,981 |  |

| Additions | - |  | - |  | 218,809 |  |

| Disposals | - |  | - |  | - |  |

| At 30 June 2025 | 13,046,778 |  | 355,319 |  | 590,790 |  |

| DEPRECIATION

| At 1 July 2024 | 913,274 |  | 136,370 |  | 44,327 |  |

| Charge for year | 65,234 |  | 24,404 |  | 59,883 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 30 June 2025 | 978,508 |  | 160,774 |  | 104,210 |  |

| NET BOOK VALUE

| At 30 June 2025 | 12,068,270 |  | 194,545 |  | 486,580 |  |

| At 30 June 2024 | 12,133,504 |  | 218,949 |  | 327,654 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024 | 818,872 |  | 39,119 |  | 14,632,069 |  |

| Additions | 336,308 |  | 27,900 |  | 583,017 |  |

| Disposals | (20,139 | ) | (37,215 | ) | (57,354 | ) |

| At 30 June 2025 | 1,135,041 |  | 29,804 |  | 15,157,732 |  |

| DEPRECIATION

| At 1 July 2024 | 566,509 |  | 35,100 |  | 1,695,580 |  |

| Charge for year | 49,274 |  | 4,457 |  | 203,252 |  |

| Eliminated on disposal | (15,532 | ) | (27,851 | ) | (43,383 | ) |

| At 30 June 2025 | 600,251 |  | 11,706 |  | 1,855,449 |  |

| NET BOOK VALUE

| At 30 June 2025 | 534,790 |  | 18,098 |  | 13,302,283 |  |

| At 30 June 2024 | 252,363 |  | 4,019 |  | 12,936,489 |  |

12. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 129,698 |  | 95,243 |  |

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 442,703 |  | 500,399 |  |

| Other debtors | 235,714 |  | 47,146 |  |

| Unpaid share capital | 3,650,000 |  | - |  |

| Prepayments and accrued income | 83,086 |  | 120,440 |  |

4,411,503 |  | 667,985 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 16) | 10,000 |  | 10,000 |  |

| Other loans (see note 16) | 872,938 |  | 77,455 |  |

| Trade creditors | 720,824 |  | 816,256 |  |

| Social security and other taxes | 171,167 |  | 100,999 |  |

| VAT | 194,449 |  | 99,008 |  |

| Other creditors | 9,088 |  | 8,897 |  |

| Deferred income | 1,849,855 |  | 1,832,765 |  |

| Accrued expenses | 251,660 |  | 77,646 |  |

4,079,981 |  | 3,023,026 |  |

| Deferred income relates to 2025/26 season tickets and sponsorships.

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

2025 | 2024 |

£ | £ |

| Bank loans (see note 16) | 2,500 |  | 13,334 |  |

| Other loans (see note 16) | 2,863,523 |  | 3,461,254 |  |

| Trade creditors | - |  | 38,239 |  |

| Accruals and deferred income | 1,940,214 |  | 1,886,676 |  |

4,806,237 |  | 5,399,503 |  |

| The accruals and deferred income value of £1,940,214 relates to a grant for the building of the Stadium for £1,787,407, and is being amortised on a straight line basis over 50 years. £152,807 relates to a grant from the Premier League Stadium Fund in respect of ground improvements in the year.

16. | LOANS

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

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 10,000 |  | 10,000 |  |

| Other loans | 872,938 |  | 77,455 |  |

882,938 |  | 87,455 |  |

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

16. | LOANS - continued

2025 | 2024 |

£ | £ |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 2,500 |  | 10,000 |  |

| Other loans - 1-2 years | 157,869 |  | 141,261 |  |

160,369 |  | 151,261 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 3,334 |  |

| Other loans - 2-5 years | 396,084 |  | 232,241 |  |

396,084 |  | 235,575 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Other loans more 5yrs instal | 2,309,570 |  | 3,087,752 |  |

| Loans total £3,748,960 and represent the following:

| £1,187,585 (2024: £1,393,585) from Sport England for Summer and Winter Survival payments, and is repayable over 20 years at a fixed rate of 2% per annum , with a capital and interest holiday for the first 4 years.

| £12,500 (2024: £23,333) from a Bounce Back loan financed through Barclays. The Bounce Back loan is repayable over 6 years at an interest rate of 2.5% per annum.

| £832,269 (2024: £914,165) in council loans, previously disclosed as a payable to the Trust within creditors due within one year but now agreed as a debt of the Club to the councils payable in line with the loan agreements. The Chesterfield Borough Council and Derbyshire County Council loans are repayable over 15 years with an interest rate of 2.2% above the European Union State Aid base rate.

| £170,862 (2024: £170,366) from the Kirk Family. There is not an intended loan period but interest is to be charge at a rate of 2% per annum.

| £1,545,744 (2024: £1,436,959) from Kirk Family, of which £1,000,000 is repayable no earlier than 31 March 2032 at an interest rate of 6% per annum.

| A number of fixed and floating charges have been given over the assets of the Company in relation to some of the loans noted above.

17. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 1,552 |  | 3,727 |  |

| Between one and five years | - |  | 1,552 |  |

1,552 |  | 5,279 |  |

| CFC 2001 LTD (REGISTERED NUMBER: 04273743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and partly paid:

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

| £ |  | £ |  |

| 10,000,000 |  | Ordinary |  | 1 |  | 10,000,000 |  | 10,000,000 |  |

| 6,728,109 |  | Ordinary A |  | 0.25 |  | 1,682,027 |  | 1,682,027 |  |

| 1,241,355 |  | Preference |  | 0.50 |  | 620,678 |  | 620,678 |  |

| 225,184,327 |  | Ordinary B |  | 0.04 |  | 9,007,373 |  | 2,007,373 |  |

|  | 21,310,078 |  |  | 14,310,078 |

| The following shares were allotted and partly paid for cash at par during the year:

| 175,000,000 Ordinary B shares of £0.04 each.

19. | PENSION COMMITMENTS

| The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £61,481 (2024: £71,892). At the year end pension contributions of £7,198 (2024: £5,819) were payable to the scheme and are included in other creditors.

| No provision is included in the financial statements for additional payments to other clubs and employees which would become payable on the attainment of specific future events.

20. | CAPITAL COMMITMENTS

2025 | 2024 |

£ | £ |

| Contracted but not provided for in the

| financial statements | - |  | 193,490 |  |

21. | RELATED PARTY DISCLOSURES

| The Company was under the control of Phil Kirk until 09 September 2025, when Sharon Kirk became the person with significant control.

| Transactions with with the Kirk family, of which Sharon and Ashley Kirk are current directors, are disclosed in note 16.

22. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mrs S E Kirk.