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REGISTERED NUMBER: 12868130 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 March 2025

for

DARTS CORNER HOLDINGS LIMITED

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Contents of the Consolidated Financial Statements

for the year ended 31 March 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 5 |

| Consolidated Income Statement | 9 |

| Consolidated Other Comprehensive Income | 10 |

| Consolidated Balance Sheet | 11 |

| Company Balance Sheet | 12 |

| Consolidated Statement of Changes in Equity | 13 |

| Company Statement of Changes in Equity | 14 |

| Consolidated Cash Flow Statement | 15 |

| Notes to the Consolidated Cash Flow Statement | 16 |

| Notes to the Consolidated Financial Statements | 18 |

| DARTS CORNER HOLDINGS LIMITED |

Company Information

for the year ended 31 March 2025

| Directors: | C Heenighan

| A B Webb

| Secretary: | A B Webb

| Registered office: | Harewood House

| Union Road

| Bolton

| BL2 2HE

| Registered number: | 12868130 (England and Wales)

| Auditors: | S&W Audit

| Northern Assurance Buildings

| 9-21 Princess Street

| Manchester

| M2 4DN

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Group Strategic Report

for the year ended 31 March 2025

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

Principal activity

The principal activity of the company and group is the distribution and sale of darts and associated equipment.

Going concern

The accounts have been prepared on a going concern basis, based on the strength of the company's principal subsidiary Darts Corner Limited.

Fair review of business

The group has continued to build its stable of global brands that are available across all of the channels it operates in. This group distributes a range of brands from the world of darts as well as continuing to grow its own brands, including Mission, Designa and Ruthless. This growth has ensured the group maintains its position as the leading distributor of darts products in the world today. The group has continued to invest in the development of innovative products to grow its own brands and support the continued growth and expansion into global markets.

The group's flagship brand Mission Darts continues to grow its sponsored player base, sponsoring up-and-coming amateur and professional players with ongoing success in regional, national and international competitions.

Post-balance sheet financial restructure

In November 2025, the ownership of the company and group changed. ETHOS partners (along with other minor shareholders) acquired 100% of the ownership of the group. As a consequence of this acquisition, the financing of the business was restructured and as a result, the business is well positioned to capitalise on its growth ambitions. During the sales process, it was identified that the interest amounts on the loan notes had been incorrectly calculated in prior years, necessitating of these amounts in prior years. As part of the purchase transaction, a significant proportion of the shareholder debt was extinguished, further strengthening the balance sheet of the company and group.

Principal risks and uncertainties

Credit Risk - the majority of the group's transactions are e-commerce based with limited credit exposure. Where exposures e xist to wholesale customers who have been granted credit terms, initial assessment and regular monitoring of the part y's creditworthiness is undertaken.

Foreign Exchange Risk - The group is truly global and trades with suppliers and customers across many continents - a natural hedge exists to some extent between the location and currencies of suppliers and end customers. Where the company is exposed to c urrency fluctuations, it uses a combination of financial instruments to minimise these fluctuations, including forward foreign exchange contracts.

Interest Rate Risk - The group is not exposed to significant interest rate risk.

Commodity Price Fluctuations - The group is exposed to fluctuations in commodity prices in relation to the raw materials contained in its p roducts. The group elects not to hedge these exposures.

Market Risk - The group is exposed to the continued growth of the darts market globally. This growth is continuing unabated and is only enhanced by global television and competition sponsorship.

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Group Strategic Report

for the year ended 31 March 2025

Analysis of key performance indicators

The group operates to the following key performance indicators:

| 2025 |  | 2024 |  |

Turnover |  | £21.3m |  | £17m |  |

Gross Margin |  | £5.3m (25%) |  | £4.2m (24%) |  |

EBITDA |  | £761k (3.6%) |  | £566k (3.3%) |  |

On behalf of the board:

C Heenighan - Director

11 March 2026

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Report of the Directors

for the year ended 31 March 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

Principal activity

The principal activity of the group in the year under review was that of a holding company. The subsidiaries are Darts Corner Limited and Tommy's Darts Limited who both sell darts products. Perfect Darts Limited is also part of the group through a 100% indirect interest. Perfect Darts Limited is a dormant entity.

Dividends

No dividends will be distributed for the year ended 31 March 2025.

Events since the end of the year

Information relating to events since the end of the year is given in the notes to the financial statements.

Directors

C Heenighan has held office during the whole of the period from 1 April 2024 to the date of this report.

Other changes in directors holding office are as follows:

A B Webb was appointed as a director after 31 March 2025 but prior to the date of this report.

W M Taylor , J S Browning and M Tice ceased to be directors after 31 March 2025 but prior to the date of this report.

Statement of directors' responsibilities

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

On behalf of the board:

C Heenighan - Director

11 March 2026

Report of the Independent Auditors to the Members of

Darts Corner Holdings Limited

Opinion

We have audited the financial statements of Darts Corner Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's 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 group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the report of the directors, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the report of the directors. 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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Darts Corner Holdings Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Darts Corner Holdings Limited

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

We obtained a general understanding of the group's legal and regulatory framework through the enquiry of management concerning their understanding of relevant laws and regulations, the group's policies and procedures regarding compliance and how they identify, evaluate and account for litigation claims. We also drew on our existing understanding of the group's industry and regulation,

We understand that the company complies with the framework through outsourcing accounts preparation, tax compliance to external experts and legal matters where required to external experts.

In the context of the audit, we considered those laws and regulations which determine the form and context of the financial statements, which are central to the group's ability to conduct its business and where there is a risk that failure to comply could result in material penalties. We identified the following laws and regulations as being of significance in the context of the group:

- The Companies Act 2006 and FRS 102 in respect of the preparation and presentation of the financial statements

- UK taxation law

The senior statutory auditor led a discussion with senior members of the engagement team regarding the susceptibility of the entity's financial statements to material misstatement including how fraud might occur.

The area identified in this discussion was:

- Manipulation of financial statement, via fraudulent journal entries; and

- Revenue recognition, in particular overstatement of revenue

This area was communicated to the other members of the engagement team not present at the discussion.

The procedures we carried out to gain evidence in the above areas included:

- Substantive work on material areas affecting profits;

- Revenue recognition, we have tested a sample of trade debtors to ensure existence of sales as well as tracing a sample of sale per the accounts to invoices, delivery documents. Lastly, we tested a sample of customer orders and traced them through the system to ensure they had been posted correctly and that sales were complete. Also 58% of the total sales figure was proved in total by agreeing to external documentation;

- assessing management estimates by evaluating the significant assumptions and the choice of data used, this includes the review of goodwill and the investments; and

- Identifying and testing journals, with a risk based-approach using data analytics, in particular any journal entries posted with unusual account combinations.

Overall, the senior statutory auditor was satisfied that the engagement team collectively had the appropriate competence and capabilities to identify and recongise irregularities.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occuring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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

Darts Corner Holdings Limited

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.

Antony Sassen FCA (Senior Statutory Auditor)

for and on behalf of S&W Audit

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

12 March 2026

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Consolidated

Income Statement

for the year ended 31 March 2025

2025 | 2024 |

as restated |

| Notes | £ | £

Turnover | 4 | 21,351,592 |  | 17,108,595 |  |

Cost of sales | (16,012,132 | ) | (12,939,672 | ) |

Gross profit | 5,339,460 |  | 4,168,923 |  |

Administrative expenses | (5,524,023 | ) | (4,386,447 | ) |

Operating loss | 6 | (184,563 | ) | (217,524 | ) |

Interest payable and similar expenses | 7 | (1,749,372 | ) | (1,590,338 | ) |

Loss before taxation | (1,933,935 | ) | (1,807,862 | ) |

Tax on loss | 8 | (99,186 | ) | (187,802 | ) |

Loss for the financial year | (2,033,121 | ) | (1,995,664 | ) |

Loss attributable to:

Owners of the parent | (2,033,121 | ) | (1,995,664 | ) |

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Consolidated

Other Comprehensive Income

for the year ended 31 March 2025

2025 | 2024 |

as restated |

| Notes | £ | £

Loss for the year | (2,033,121 | ) | (1,995,664 | ) |

Other comprehensive income | - |  | - |  |

Total comprehensive income for the year | (2,033,121 | ) |

Prior year adjustment | (228,155 | ) |

Total comprehensive income since last annual report | (2,223,819 | ) |

Total comprehensive income attributable to:

Owners of the parent | (2,033,121 | ) | (2,223,819 | ) |

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Consolidated Balance Sheet

31 March 2025

2025 | 2024 |

as restated |

| Notes | £ | £ | £ | £

Assets

Fixed assets

Intangible assets | 11 | 4,167,058 |  | 4,992,054 |  |

Tangible assets | 12 | 289,046 |  | 296,080 |  |

Investments | 13 | - |  | - |  |

4,456,104 |  | 5,288,134 |  |

Current assets

Stocks | 14 | 5,062,728 |  | 3,762,590 |  |

Debtors | 15 | 965,227 |  | 1,126,712 |  |

Cash at bank | 2,002,494 |  | 2,167,322 |  |

|  |  | 8,030,449 |  |  |  |  | 7,056,624 |  |

12,486,553 |  | 12,344,758 |  |

Capital, reserves and liabilities

Capital and reserves

Called up share capital | 16 | 1,000 |  | 1,000 |  |

Retained earnings | 17 | (10,563,809 | ) | (8,530,688 | ) |

Shareholders' funds | (10,562,809 | ) | (8,529,688 | ) |

Provisions for liabilities | 18 | 76,076 |  | - |  |

Creditors

Amounts falling due within one year | 19 | 22,973,286 |  | 8,220,412 |  |

Amounts falling due after more than one year | 20 | - |  | 12,654,034 |  |

22,973,286 |  | 20,874,446 |  |

12,486,553 |  | 12,344,758 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2026 and were signed on its behalf by:

C Heenighan - Director

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Company Balance Sheet

31 March 2025

2025 | 2024 |

as restated |

| Notes | £ | £ | £ | £

Assets

Fixed assets

Intangible assets | 11 | - |  | - |  |

Tangible assets | 12 | - |  | - |  |

Investments | 13 | 12,421,636 |  | 12,789,151 |  |

12,421,636 |  | 12,789,151 |  |

Current assets

Debtors | 15 | 424,012 |  | 367,735 |  |

Cash at bank | 10,910 |  | 3,769 |  |

|  |  | 434,922 |  |  |  |  | 371,504 |  |

12,856,558 |  | 13,160,655 |  |

Capital, reserves and liabilities

Capital and reserves

Called up share capital | 16 | 1,000 |  | 1,000 |  |

Retained earnings | 17 | (6,393,431 | ) | (4,588,736 | ) |

Shareholders' funds | (6,392,431 | ) | (4,587,736 | ) |

Creditors

Amounts falling due within one year | 19 | 19,248,989 |  | 5,094,357 |  |

Amounts falling due after more than one year | 20 | - |  | 12,654,034 |  |

19,248,989 |  | 17,748,391 |  |

12,856,558 |  | 13,160,655 |  |

Company's loss for the financial year | (1,804,695 | ) | (1,610,103 | ) |

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2026 and were signed on its behalf by:

C Heenighan - Director

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Consolidated Statement of Changes in Equity

for the year ended 31 March 2025

Called up |  |

share | Retained | Total |

capital | earnings | equity |

| £ | £ | £

Balance at 1 April 2023 | 985 |  | (6,306,869 | ) | (6,305,884 | ) |

Prior year adjustment | - |  | (228,155 | ) | (228,155 | ) |

As restated | 985 |  | (6,535,024 | ) | (6,534,039 | ) |

Changes in equity

Issue of share capital | 15 |  | - |  | 15 |  |

Total comprehensive income | - |  | (1,995,664 | ) | (1,995,664 | ) |

Balance at 31 March 2024 | 1,000 |  | (8,530,688 | ) | (8,529,688 | ) |

Changes in equity

Total comprehensive income | - |  | (2,033,121 | ) | (2,033,121 | ) |

Balance at 31 March 2025 | 1,000 |  | (10,563,809 | ) | (10,562,809 | ) |

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Company Statement of Changes in Equity

for the year ended 31 March 2025

Called up |  |

share | Retained | Total |

capital | earnings | equity |

| £ | £ | £

Balance at 1 April 2023 | 985 |  | (2,750,478 | ) | (2,749,493 | ) |

Prior year adjustment | - |  | (228,155 | ) | (228,155 | ) |

As restated | 985 |  | (2,978,633 | ) | (2,977,648 | ) |

Changes in equity

Issue of share capital | 15 |  | - |  | 15 |  |

Total comprehensive income | - |  | (1,610,103 | ) | (1,610,103 | ) |

Balance at 31 March 2024 | 1,000 |  | (4,588,736 | ) | (4,587,736 | ) |

Changes in equity

Total comprehensive income | - |  | (1,804,695 | ) | (1,804,695 | ) |

Balance at 31 March 2025 | 1,000 |  | (6,393,431 | ) | (6,392,431 | ) |

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Consolidated Cash Flow Statement

for the year ended 31 March 2025

2025 | 2024 |

as restated |

| Notes | £ | £

Cash flows from operating activities

Cash generated from operations | 1 | 3,332 |  | 543,888 |  |

Tax receipts | 52,937 |  | 53,131 |  |

Net cash from operating activities | 56,269 |  | 597,019 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (16,844 | ) | - |  |

Purchase of tangible fixed assets | (54,395 | ) | (85,737 | ) |

Net cash from investing activities | (71,239 | ) | (85,737 | ) |

Cash flows from financing activities

New loans in year | 4,435,549 |  | 3,695,303 |  |

Loan repayments in year | (4,533,506 | ) | (3,053,660 | ) |

Share issue | - |  | 15 |  |

Net cash from financing activities | (97,957 | ) | 641,658 |  |

(Decrease)/increase in cash and cash equivalents | (112,927 | ) | 1,152,940 |  |

Cash and cash equivalents at beginning of year | 2 | 2,115,421 |  | 962,481 |  |

Cash and cash equivalents at end of year | 2 | 2,002,494 |  | 2,115,421 |  |

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Cash Flow Statement

for the year ended 31 March 2025

1. | Reconciliation of loss before taxation to cash generated from operations

2025 | 2024 |

as restated |

| £ | £

| Loss before taxation | (1,933,935 | ) | (1,807,862 | ) |

| Depreciation charges | 903,268 |  | 895,972 |  |

| Finance costs | 1,749,372 |  | 1,590,338 |  |

718,705 |  | 678,448 |  |

| (Increase)/decrease in stocks | (1,300,138 | ) | 34,348 |  |

| Decrease/(increase) in trade and other debtors | 105,224 |  | (437,796 | ) |

| Increase in trade and other creditors | 479,541 |  | 268,888 |  |

| Cash generated from operations | 3,332 |  | 543,888 |  |

2. | Cash and cash equivalents

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 March 2025

| 31/3/25 |  | 1/4/24

| £ | £

| Cash and cash equivalents | 2,002,494 |  | 2,167,322 |  |

| Bank overdrafts | - |  | (51,901 | ) |

2,002,494 |  | 2,115,421 |  |

| Year ended 31 March 2024

| 31/3/24 |  | 1/4/23

as restated |

| £ | £

| Cash and cash equivalents | 2,167,322 |  | 1,092,092 |  |

| Bank overdrafts | (51,901 | ) | (129,611 | ) |

2,115,421 |  | 962,481 |  |

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Cash Flow Statement

for the year ended 31 March 2025

3. | Analysis of changes in net debt

| Other |

| non-cash |

| At 1/4/24 | Cash flow | changes | At 31/3/25

| £ | £ | £ | £

| Net cash |

| Cash at bank | 2,167,322 |  | (164,828 | ) | 2,002,494 |  |

| Bank overdrafts | (51,901 | ) | 51,901 |  | - |  |

2,115,421 |  | (112,927 | ) | 2,002,494 |  |

| Debt

| Debts falling due

| within 1 year | (6,130,639 | ) | 652,663 |  | (14,958,111 | ) | (20,436,087 | ) |

| Debts falling due

| after 1 year | (12,654,034 | ) | - |  | 12,654,034 |  | - |  |

(18,784,673 | ) | 652,663 |  | (2,304,077 | ) | (20,436,087 | ) |

| Total | (16,669,252 | ) | 539,736 |  | (2,304,077 | ) | (18,433,593 | ) |

4. | Major non-cash transactions

| The major non-cash transactions consist of the reclassification of the debts falling due after 1 year to debts falling due within 1 year, £1,749,372 of accrued interest and the effects of the prior year adjustment from note 10. The accrued interest is classified as a current liability.

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Financial Statements

for the year ended 31 March 2025

1. | Statutory information

| Darts Corner Holdings 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. | Statement of compliance

| 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.

3. | Accounting policies

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The accounts are prepared on a going concern basis.

| The company, and the group, incurred a loss in the year ended 31 March 2025.

| The directors consider that the company, and the group, will be able to meet it's liabilities as they fall due for at least twelve months from the date of approval of these financial statements based on the strength of forecasts and that they should, therefore, be prepared on a going concern basis.

| Basis of consolidation

| The group financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 March 2025.

| The company has taken exemption from presenting its unconsolidated profit and loss account under section 408 of Companies Act 2006.

| Subsidiary undertakings are included using the acquisitions method of accounting. Under this method the group profit and loss account and statement of cashflows include the results and cashflows of subsidiaries from the date of acquisition and to the date of sale outside the group in the case of disposals of subsidiaries. The purchase consideration has been allocated to the assets and liabilities on the basis of fair value at the date of acquisition.

| 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.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions on the amortisation of goodwill. The amortisation is calculated based upon the useful life of 10 years. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any critical judgements in applying the company's accounting policies. The company makes estimates and assumptions concerning the future.

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

3. | Accounting policies - continued

| Turnover

| Turnover comprises the fair value of the consideration received or receivable for the sale of darts, related products and associated deliver costs. Turnover is shown net of sales / value added tax , returns and discounts. The entity recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the group's activities. Turnover is recognised upon dispatch of the goods.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisitions of businesses in 2020 and 2021, are being amortised evenly over their estimated useful life of 10 years.

| The goodwill is reviewed on an annual basis, by using a discounted cashflow model.

| 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. No amortisation is charges in the year of acquisition.

| Development costs are being amortised evenly over their estimated useful life of ten years. No amortisation is charged in the year of acquisition.

| Computer software is being amortised evenly over its estimated life of 2 and 4 years.

| Tangible fixed assets

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

| Short leasehold | - | No charge

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 15% on reducing balance

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

| Stocks

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

| Financial instruments

| Basic financial assets, including trade and other debtors and cash and bank, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Such assets are subsequently carried at amortised cost using the effective interest method.

| There are no assets which are initially measured at fair value.

| (ii) Financial liabilities

| Basic financial liabilities, including trade creditors, other creditors and preference shares are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

3. | Accounting policies - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

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

| Share capital

| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. | Turnover

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

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

2025 | 2024 |

as restated |

| £ | £

| Sale of dart products | 21,351,592 |  | 17,108,595 |  |

21,351,592 |  | 17,108,595 |  |

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

4. | Turnover - continued

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

2025 | 2024 |

as restated |

| £ | £

| United Kingdom | 11,860,488 |  | 9,266,574 |  |

| Europe | 6,359,735 |  | 5,421,235 |  |

| North America | 2,063,914 |  | 1,820,903 |  |

| Rest of the World | 1,067,455 |  | 599,883 |  |

21,351,592 |  | 17,108,595 |  |

5. | Employees and directors

2025 | 2024 |

as restated |

| £ | £

| Wages and salaries | 2,241,520 |  | 2,124,811 |  |

| Social security costs | 218,082 |  | 184,987 |  |

| Other pension costs | 42,883 |  | 38,078 |  |

2,502,485 |  | 2,347,876 |  |

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

2025 | 2024 |

as restated |

| Warehouse | 38 |  | 34 |  |

| Admin | 30 |  | 29 |  |

68 |  | 63 |  |

| The average number of employees by undertakings that were proportionately consolidated during the year was 68 (2024 - 63 ) .

2025 | 2024 |

as restated |

| £ | £

| Directors' remuneration | 168,030 |  | 160,987 |  |

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

| Money purchase schemes | 1 |  | 3 |  |

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

6. | Operating loss

| The operating loss is stated after charging/(crediting):

2025 | 2024 |

as restated |

| £ | £

| Other operating leases | 5,020 |  | 5,283 |  |

| Depreciation - owned assets | 61,429 |  | 53,460 |  |

| Goodwill amortisation | 762,876 |  | 762,875 |  |

| Patents and licences amortisation | 1,071 |  | 2,008 |  |

| Development costs amortisation | 4,249 |  | 3,985 |  |

| Computer software amortisation | 73,644 |  | 73,644 |  |

| Auditors' remuneration | 34,500 |  | 44,500 |  |

| Foreign exchange differences | 160,080 |  | (39,054 | ) |

7. | Interest payable and similar expenses |

2025 | 2024 |

as restated |

| £ | £

| Interest payable | 1,749,372 |  | 1,590,338 |  |

| Interest payable has been restated in the prior year, see note 10 for details on the prior year adjustment.

8. | Taxation

| Analysis of the tax charge

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

2025 | 2024 |

as restated |

| £ | £

| Current tax:

| UK corporation tax | 19,635 |  | - |  |

| (Over)/under provision PY | (52,786 | ) | - |  |

| Total current tax | (33,151 | ) | - |  |

| Deferred tax | 132,337 |  | 187,802 |  |

| Tax on loss | 99,186 |  | 187,802 |  |

| UK corporation tax has been charged at 25 % (2024 - 25 %).

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

8. | Taxation - continued

| 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 |

as restated |

| £ | £

| Loss before tax | (1,933,935 | ) | (1,807,862 | ) |

| Loss multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | (483,484 | ) | (451,966 | ) |

| Effects of:

| Expenses not deductible for tax purposes | 629,716 |  | 580,696 |  |

| Depreciation in excess of capital allowances | 28,720 |  | 21,257 |  |

| Utilisation of tax losses | (155,317 | ) | (176,910 | ) |

| Adjustments to tax charge in respect of previous periods | (52,786 | ) | - |  |

| Losses carried forward | - |  | 26,923 |  |

| Deferred tax | 132,337 |  | 187,802 |  |

| Total tax charge | 99,186 |  | 187,802 |  |

| The group has utilised all of their carried forward losses against current year profits.

9. | Individual income statement

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

10. | Prior year adjustment

| An error was identified in the calculation of the loan note interest for the year ended 31 March 2024, resulting in finance costs and the related creditor being understated. The error has been corrected retrospectively in accordance with FRS 102 Section 10.

| The correction increased the loan note creditor and net liabilities at 31 March 2024 by £554,703, and reduced opening retained earnings by £228,155 at 1 April 2023. Comparative finance costs for the year ended 31 March 2024 have been increased by £326,548, with a corresponding increase in the loss for that year. There is no impact on cash flows as the adjustment relates solely to non-cash accrued interest. There is also no impact on taxation as the loan note interest is only allowable for tax deductions when it is paid.

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

11. | Intangible fixed assets

| Group

Patents and | Development | Computer |  |

Goodwill | licences | costs | software | Totals |

| £ | £ | £ | £ | £

| Cost

| At 1 April 2024 | 7,367,394 |  | 10,709 |  | 39,854 |  | 294,558 |  | 7,712,515 |  |

| Additions | - |  | - |  | 11,886 |  | 4,958 |  | 16,844 |  |

| At 31 March 2025 | 7,367,394 |  | 10,709 |  | 51,740 |  | 299,516 |  | 7,729,359 |  |

| Amortisation

| At 1 April 2024 | 2,545,370 |  | 3,213 |  | 7,970 |  | 163,908 |  | 2,720,461 |  |

| Amortisation for year | 762,876 |  | 1,071 |  | 4,249 |  | 73,644 |  | 841,840 |  |

| At 31 March 2025 | 3,308,246 |  | 4,284 |  | 12,219 |  | 237,552 |  | 3,562,301 |  |

| Net book value

| At 31 March 2025 | 4,059,148 |  | 6,425 |  | 39,521 |  | 61,964 |  | 4,167,058 |  |

| At 31 March 2024 | 4,822,024 |  | 7,496 |  | 31,884 |  | 130,650 |  | 4,992,054 |  |

12. | Tangible fixed assets

| Group

Fixtures |  |

Short | Plant and | and | Computer |  |

leasehold | machinery | fittings | equipment | Totals |

| £ | £ | £ | £ | £

| Cost

| At 1 April 2024 | 29,045 |  | 1,426 |  | 432,445 |  | 115,688 |  | 578,604 |  |

| Additions | - |  | - |  | 50,035 |  | 4,360 |  | 54,395 |  |

| At 31 March 2025 | 29,045 |  | 1,426 |  | 482,480 |  | 120,048 |  | 632,999 |  |

| Depreciation

| At 1 April 2024 | - |  | 583 |  | 207,759 |  | 74,182 |  | 282,524 |  |

| Charge for year | - |  | - |  | 45,936 |  | 15,493 |  | 61,429 |  |

| At 31 March 2025 | - |  | 583 |  | 253,695 |  | 89,675 |  | 343,953 |  |

| Net book value

| At 31 March 2025 | 29,045 |  | 843 |  | 228,785 |  | 30,373 |  | 289,046 |  |

| At 31 March 2024 | 29,045 |  | 843 |  | 224,686 |  | 41,506 |  | 296,080 |  |

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

13. | Fixed asset investments

| Company

Shares in |

group |

undertakings |

| £

| Cost

| At 1 April 2024 | 12,789,151 |  |

| Impairments | (2,227 | ) |

| Reclassification/transfer | (365,288 | ) |

| At 31 March 2025 | 12,421,636 |  |

| Net book value

| At 31 March 2025 | 12,421,636 |  |

| At 31 March 2024 | 12,789,151 |  |

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiaries

| Darts Corner Limited

| Registered office: Harewood House, Union Road, Bolton, England, BL2 2HE

| Nature of business: Sale of dart products

% |

| Class of shares: | holding |

| Ordinary shares | 100.00 |

2025 | 2024 |

| £ | £

| Aggregate capital and reserves | 4,685,480 |  | 4,212,377 |  |

| Profit for the year | 473,103 |  | 417,535 |  |

| Tommy's Darts Limited

| Registered office: Harewood House, Union Road, Bolton, England, BL2 2HE

| Nature of business: Sale of dart products

% |

| Class of shares: | holding |

| Ordinary shares | 100.00 |

2025 | 2024 |

| £ | £

| Aggregate capital and reserves | 10 |  | (61,676 | ) |

| Profit/(loss) for the year | 426,974 |  | (66,358 | ) |

| On 17 October 2024, the trade and assets of the company were transferred to the group company Darts Corner Limited and since that date the company had been dormant.

| This company is exempt from audit by virtue of s479A of Companies Act 2006.

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

13. | Fixed asset investments - continued

| Perfect Darts Limited

| Registered office: Harewood House, Union Road, Bolton, England, BL2 2HE

| Nature of business: Dormant

% |

| Class of shares: | holding |

| Ordinary | 100.00 |

2025 | 2024 |

| £ | £

| Aggregate capital and reserves | 100 |  | 100 |  |

| Perfect Darts is a 100% indirect interest within the group.

| This company is exempt from audit as it is dormant.

14. | Stocks

| Group |

2025 | 2024 |

as restated |

| £ | £

| Finished goods | 5,062,728 |  | 3,762,590 |  |

| The finished goods include a stock provision of £27,352 (2024: £275,283).

15. | Debtors: amounts falling due within one year |

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

as restated | as restated |

| £ | £ | £ | £

| Trade debtors | 690,505 |  | 705,920 |  | - |  | - |  |

| Provision for bad debts | (23,528 | ) | (23,528 | ) | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 424,012 |  | 364,544 |  |

| Other debtors | 89,602 |  | 86,633 |  | - |  | - |  |

| VAT | - |  | - |  | - |  | 610 |  |

| Deferred tax asset | - |  | 56,261 |  | - |  | - |  |

| Prepayments | 208,648 |  | 301,426 |  | - |  | 2,581 |  |

965,227 |  | 1,126,712 |  | 424,012 |  | 367,735 |  |

| Deferred tax asset

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

as restated | as restated |

| £ | £ | £ | £

| Accelerated capital allowances | - |  | (74,020 | ) | - |  | - |  |

| Tax losses carried forward | - |  | 130,281 |  | - |  | - |  |

- |  | 56,261 |  | - |  | - |  |

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

16. | Called up share capital

| Allotted, issued and fully paid:

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

value: | as restated |

| £ | £

| 437 | Ordinary A | £1 | 437 |  | 437 |  |

| 232 | Ordinary B1 | £1 | 232 |  | 232 |  |

| 231 | Ordinary B2 | £1 | 231 |  | 231 |  |

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

1,000 |  | 1,000 |  |

| Ordinary A shares carries the right to vote having 1.23 votes per share, carries the rights to receive dividend, entitles the holder to participate in a return of capital after the preference share holder and cannot be redeemed.

| B1 shares carries the right to vote having 2 votes per share, carries the rights to receive dividend, entitles the holder to participate in a return of capital after the preference share holder and cannot be redeemed.

| Ordinary C and B2 shares do not carry the right to vote, carry the right to receive dividends, entitles the holder to participate in a return of capital after the preference share holder and cannot be redeemed.

17. | Reserves

| Group

Retained |

earnings |

| £

| At 1 April 2024 | (8,530,688 | ) |

| Deficit for the year | (2,033,121 | ) |

| At 31 March 2025 | (10,563,809 | ) |

| Company

Retained |

earnings |

| £

| At 1 April 2024 | (4,588,736 | ) |

| Deficit for the year | (1,804,695 | ) |

| At 31 March 2025 | (6,393,431 | ) |

18. | Provisions for liabilities

| Group |

2025 | 2024 |

as restated |

| £ | £

| Deferred tax

| Accelerated capital allowances | 76,076 |  | - |  |

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

18. | Provisions for liabilities - continued

| Group

Deferred tax |

| £

| Balance at 1 April 2024 | (56,261 | ) |

| Charge to Income Statement during year | 132,337 |  |

| Balance at 31 March 2025 | 76,076 |  |

19. | Creditors: amounts falling due within one year |

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

as restated | as restated |

| £ | £ | £ | £

| Bank loans and overdrafts (see note 21) | 1,193,004 |  | 1,342,863 |  | - |  | - |  |

| Other loans (see note 21) | 19,243,083 |  | 4,839,677 |  | 19,243,083 |  | 4,839,677 |  |

| Trade creditors | 1,273,498 |  | 1,455,650 |  | 900 |  | 7,860 |  |

| Amounts owed to group undertakings | - |  | - |  | - |  | 241,820 |  |

| Corporation tax | 19,786 |  | - |  | - |  | - |  |

| Social security and other taxes | 38,101 |  | - |  | - |  | - |  |

| VAT | 362,211 |  | 336,182 |  | 6 |  | - |  |

| Other creditors | 197,674 |  | 17,110 |  | - |  | - |  |

| Accruals and deferred income | 645,929 |  | 228,930 |  | 5,000 |  | 5,000 |  |

22,973,286 |  | 8,220,412 |  | 19,248,989 |  | 5,094,357 |  |

20. | Creditors: amounts falling due after more than one year |

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

as restated | as restated |

| £ | £ | £ | £

| Other loans (see note 21) | - |  | 12,654,034 |  | - |  | 12,654,034 |  |

21. | Loans

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

as restated | as restated |

| £ | £ | £ | £

| Amounts falling due within one year or on | demand: |

| Bank overdrafts | - |  | 51,901 |  | - |  | - |  |

| Bank loans | 1,193,004 |  | 1,290,962 |  | - |  | - |  |

| Loan notes | 19,243,082 |  | 4,839,676 |  | 19,243,082 |  | 4,839,676 |  |

| Preference shares | 1 |  | 1 |  | 1 |  | 1 |  |

20,436,087 |  | 6,182,540 |  | 19,243,083 |  | 4,839,677 |  |

| Amounts falling due between two and five | years: |

| Loan notes | - |  | 12,654,034 |  | - |  | 12,654,034 |  |

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

21. | Loans - continued

| The above loan notes were paid or waived as a result of the post balance sheet event in note 26.

| Preference shares included in liabilities are £1 (2024: £1).

22. | Secured debts

| The following secured debts are included within creditors:

| Group |

2025 | 2024 |

as restated |

| £ | £

| Bank overdraft | - |  | 51,901 |  |

| Bank loans | 1,193,004 |  | 1,290,962 |  |

| Loan notes | 19,243,082 |  | 17,493,710 |  |

20,436,086 |  | 18,836,573 |  |

| Loan notes, bank loans and bank overdrafts are secured by; way of a first legal mortgage over the properties and all premises and fixtures and on each of the properties, by way of a first fixed charge over all assets of the group , by way of a floating charge over all assets and undertakings of the group, and by way of negative pledge.

23. | Financial instruments

| At the year end, the total notional amount of outstanding foreign exchange forward contracts that the group has committed to is £4,102,802 (2024: £1,391,293). The fair value of these instruments resulted in a liability of £91,562, which is recorded under other creditors in the Statement of financial Position.

24. | 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 amount to £42,882 (2024: £38,077). Contributions totalling £9,026 (2024: £15,696) were payable to the fund at the balance sheet date.

25. | Audit exemption statement

| Under section 479A of the Companies Act 2006 the group is claiming exemption from audit for the subsidiary company Tommys Darts Limited, registered number 13360870. The parent undertaking, Darts Corner Holdings Limited, registered number 12868130, guarantees all outstanding liabilities to which the subsidiary company is subject to at the end of the financial year (being the year ended 31 March 2025). The guarantee is enforceable against the parent undertaking by any person to whom the subsidiary company is liable in respect of those liabilities.

26. | Related party disclosures

| Within the current, and non-current loan balances, there are the following balances owed to related parties. There is £4,641,929 (2024: £4,219,935) owing to the directors. There is £10,038,326 owing to shareholders (2024 - £9,125,751). There is also £4,562,825 (2024: £4,148,023) owing to the spouse of a director.

| The above loan notes were due for redemption on 9 November 2025 and attract interest of 10% per annum.See post balance sheet events note for treatment of redemption. The interest accrued to related parties is £1,749,371 (2024: £1,590,338).

| The above loan note balances and interest are after the affects of the prior year adjustment from note 10.

| There were also monitoring fees charged by a shareholder of £66,753 (2024: £67,847).

DARTS CORNER HOLDINGS LIMITED (REGISTERED NUMBER: 12868130) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

27. | Post balance sheet events

| On 13th November 2025, subsequent to the reporting period, the group was acquired by new owners, ETHOS partners. The transaction occurred after the end of the reporting period and therefore represents a non-adjusting event under FRS 102 Section 32. No adjustments have been made to the financial statements in respect of this transaction.

| Following the acquisition, the new owners undertook a refinancing of the group's existing borrowing arrangements. As part of this refinancing:

| - A portion of the group's existing debt facilities were repaid, and

| - The previous finance providers agreed to waive certain unpaid amounts outstanding under the legacy financing arrangements, releasing the group from these obligations.

| These actions occurred after the reporting period and do not provide evidence of conditions that existed at the balance sheet date. Accordingly, these are disclosed as non-adjusting post-balance sheet events.

| The refinancing has resulted in a revised capital structure for the group, intended to support future operations and strategic objectives.

28. | Ultimate controlling party

| The ultimate parent company is ETHOS partners by virtue of their majority shareholding.