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REGISTERED NUMBER: 06059355 (England and Wales)

Strategic Report,

Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

DARTS CORNER LTD

| DARTS CORNER LTD (REGISTERED NUMBER: 06059355) |

Contents of the Financial Statements

for the year ended 31 March 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 4 |

| Statement of Comprehensive Income | 8 |

| Balance Sheet | 9 |

| Statement of Changes in Equity | 10 |

| Notes to the Financial Statements | 11 |

| DARTS CORNER LTD |

Company Information

for the year ended 31 March 2025

| Directors: | A B Webb

| C Heenighan

| Secretary: | A B Webb

| Registered office: | Harewood House

| Union Road

| Bolton

| BL2 2HE

| Registered number: | 06059355 (England and Wales)

| Auditors: | S&W Audit

| Northern Assurance Buildings

| 9-21 Princess Street

| Manchester

| M2 4DN

| DARTS CORNER LTD (REGISTERED NUMBER: 06059355) |

Strategic Report

for the year ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025.

Principal activity

The principal activity of the company 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 balance sheet.

Fair review of business

The company has continued to build its stable of global brands that are available across all of the channels it operates in. This company 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 company maintains its position as the leading distributor of darts products in the world today. The company 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 company'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 company. 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.

Principal risks and uncertainties

Credit Risk - the majority of the company'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 company 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 e xposed to currency fluctuations, it uses a combination of financial instruments to minimise these fluctuations, in cluding forward foreign exchange contracts.

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

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

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

Analysis of key performance indicators

The company 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 LTD (REGISTERED NUMBER: 06059355) |

Report of the Directors

for the year ended 31 March 2025

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

Principal activity

The principal activity of the company in the year under review was that of online retailer for steel tip darts, soft tip darts and associated products.

Dividends

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

Events since the end of the year

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 company. 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.

Directors

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

A B Webb

C Heenighan

Other changes in directors holding office are as follows:

J S Browning ceased to be a director after 31 March 2025 but prior to the date of this report.

Statement of directors' responsibilities

The directors are responsible for preparing the 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 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.

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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company'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 Ltd

Opinion

We have audited the financial statements of Darts Corner Ltd (the 'company') for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 company's affairs as at 31 March 2025 and of its profit 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.

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.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, 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.

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.

Report of the Independent Auditors to the Members of

Darts Corner Ltd

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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, 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 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

Darts Corner 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.

We obtained a general understanding of the company's legal and regulatory framework through the enquiry of management concerning their understanding of relevant laws and regulations, the entity'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 company'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 company'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 company:

- 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 sales per the accounts to invoices and 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; 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 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.

Antony Sassen (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 LTD (REGISTERED NUMBER: 06059355) |

Statement of Comprehensive

Income

for the year ended 31 March 2025

2025 | 2024 |

| Notes | £ | £

Turnover | 4 | 21,336,553 |  | 16,997,992 |  |

Cost of sales | (16,002,921 | ) | (12,795,563 | ) |

Gross profit | 5,333,632 |  | 4,202,429 |  |

Administrative expenses | (4,732,383 | ) | (3,596,946 | ) |

Operating profit and |

Profit before taxation | 601,249 |  | 605,483 |  |

Tax on profit | 7 | (99,186 | ) | (187,948 | ) |

Profit for the financial year | 502,063 |  | 417,535 |  |

Other comprehensive income | - |  | - |  |

Total comprehensive income for the year | 502,063 |  | 417,535 |  |

| DARTS CORNER LTD (REGISTERED NUMBER: 06059355) |

Balance Sheet

31 March 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

Fixed assets

Intangible assets | 8 | 629,198 |  | 287,008 |  |

Tangible assets | 9 | 289,046 |  | 295,236 |  |

918,244 |  | 582,244 |  |

Current assets

Stocks | 10 | 5,062,728 |  | 3,722,606 |  |

Debtors | 11 | 965,217 |  | 1,366,130 |  |

Cash at bank | 1,991,584 |  | 2,141,957 |  |

8,019,529 |  | 7,230,693 |  |

Creditors

Amounts falling due within one year | 12 | 4,147,257 |  | 3,600,560 |  |

Net current assets | 3,872,272 |  | 3,630,133 |  |

Total assets less current liabilities | 4,790,516 |  | 4,212,377 |  |

Provisions for liabilities | 16 | 76,076 |  | - |  |

Net assets | 4,714,440 |  | 4,212,377 |  |

Capital and reserves

Called up share capital | 17 | 100 |  | 100 |  |

Retained earnings | 18 | 4,714,340 |  | 4,212,277 |  |

Shareholders' funds | 4,714,440 |  | 4,212,377 |  |

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 LTD (REGISTERED NUMBER: 06059355) |

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 | 100 |  | 3,794,742 |  | 3,794,842 |  |

Changes in equity

Total comprehensive income | - |  | 417,535 |  | 417,535 |  |

Balance at 31 March 2024 | 100 |  | 4,212,277 |  | 4,212,377 |  |

Changes in equity

Total comprehensive income | - |  | 502,063 |  | 502,063 |  |

Balance at 31 March 2025 | 100 |  | 4,714,340 |  | 4,714,440 |  |

| DARTS CORNER LTD (REGISTERED NUMBER: 06059355) |

Notes to the Financial Statements

for the year ended 31 March 2025

1. | Statutory information

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

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 financial statements have been prepared on a going concern basis.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows.

| Turnover

| Turnover comprises the fair value of the consideration received or receivable for the sale of darts, related product and associated delivery 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 acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

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

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

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

| 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.

| DARTS CORNER LTD (REGISTERED NUMBER: 06059355) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

3. | Accounting policies - continued

| 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 and other creditors, bank loans and loans from fellow group companies that are classified as debt, 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.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

| Cash and cash equivalents

| Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Pension costs and other post-retirement benefits

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

| DARTS CORNER LTD (REGISTERED NUMBER: 06059355) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

3. | Accounting policies - continued

| 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.

| Dividends

| Dividends and other distributions to the company's shareholder are recognised as a liability in the financial statements in the period in which the dividends and the other distributions are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

4. | Turnover

| The turnover and profit 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 |

| £ | £

| Sale of dart products | 21,336,553 |  | 16,997,992 |  |

21,336,553 |  | 16,997,992 |  |

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

2025 | 2024 |

| £ | £

| United Kingdom | 11,845,449 |  | 9,155,971 |  |

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

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

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

21,336,553 |  | 16,997,992 |  |

5. | Employees and directors

2025 | 2024 |

| £ | £

| Wages and salaries | 2,241,519 |  | 2,124,811 |  |

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

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

2,502,484 |  | 2,347,876 |  |

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

2025 | 2024 |

| Warehouse | 38 |  | 34 |  |

| Administration | 30 |  | 29 |  |

68 |  | 63 |  |

2025 | 2024 |

| £ | £

| Directors' remuneration | 277,366 |  | 264,676 |  |

| DARTS CORNER LTD (REGISTERED NUMBER: 06059355) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

5. | Employees and directors - continued

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

| Money purchase schemes | 1 |  | 4 |  |

| Information regarding the highest paid director is as follows:

2025 | 2024 |

| £ | £

| Emoluments etc | 128,000 |  | 103,689 |  |

6. | Operating profit

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

2025 | 2024 |

| £ | £

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

| Depreciation - owned assets | 61,429 |  | 52,877 |  |

| Goodwill amortisation | 26,136 |  | 26,136 |  |

| Patents and licences amortisation | 20,625 |  | - |  |

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

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

| Auditors' remuneration | 30,000 |  | 18,500 |  |

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

7. | Taxation

| Analysis of the tax charge

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

2025 | 2024 |

| £ | £

| Current tax:

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

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

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

| Deferred tax | 132,337 |  | 187,948 |  |

| Tax on profit | 99,186 |  | 187,948 |  |

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

| DARTS CORNER LTD (REGISTERED NUMBER: 06059355) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

7. | Taxation - continued

| Reconciliation of total tax charge included in profit and loss

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

2025 | 2024 |

| £ | £

| Profit before tax | 601,249 |  | 605,483 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 150,312 |  | 151,371 |  |

| Effects of:

| Expenses not deductible for tax purposes | (198 | ) | 3,391 |  |

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

| Utilisation of tax losses | (130,281 | ) | (176,019 | ) |

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

| Group relief | (28,918 | ) | - |  |

| Deferred tax | 132,337 |  | 187,948 |  |

| Total tax charge | 99,186 |  | 187,948 |  |

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

8. | Intangible fixed assets

Patents and | Development | Computer |  |

Goodwill | licences | costs | software | Totals |

| £ | £ | £ | £ | £

| Cost

| At 1 April 2024 | 261,401 |  | - |  | 39,854 |  | 294,558 |  | 595,813 |  |

| Additions | - |  | 450,000 |  | 11,886 |  | 4,958 |  | 466,844 |  |

| At 31 March 2025 | 261,401 |  | 450,000 |  | 51,740 |  | 299,516 |  | 1,062,657 |  |

| Amortisation

| At 1 April 2024 | 136,927 |  | - |  | 7,970 |  | 163,908 |  | 308,805 |  |

| Amortisation for year | 26,136 |  | 20,625 |  | 4,249 |  | 73,644 |  | 124,654 |  |

| At 31 March 2025 | 163,063 |  | 20,625 |  | 12,219 |  | 237,552 |  | 433,459 |  |

| Net book value

| At 31 March 2025 | 98,338 |  | 429,375 |  | 39,521 |  | 61,964 |  | 629,198 |  |

| At 31 March 2024 | 124,474 |  | - |  | 31,884 |  | 130,650 |  | 287,008 |  |

| DARTS CORNER LTD (REGISTERED NUMBER: 06059355) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

9. | Tangible fixed assets

Fixtures |

Short | and | Computer |

leasehold | fittings | equipment | Totals |

| £ | £ | £ | £

| Cost

| At 1 April 2024 | 29,045 |  | 432,445 |  | 115,688 |  | 577,178 |  |

| Additions | - |  | 50,879 |  | 4,360 |  | 55,239 |  |

| At 31 March 2025 | 29,045 |  | 483,324 |  | 120,048 |  | 632,417 |  |

| Depreciation

| At 1 April 2024 | - |  | 207,759 |  | 74,183 |  | 281,942 |  |

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

| At 31 March 2025 | - |  | 253,695 |  | 89,676 |  | 343,371 |  |

| Net book value

| At 31 March 2025 | 29,045 |  | 229,629 |  | 30,372 |  | 289,046 |  |

| At 31 March 2024 | 29,045 |  | 224,686 |  | 41,505 |  | 295,236 |  |

10. | Stocks

2025 | 2024 |

| £ | £

| Finished goods | 5,062,728 |  | 3,722,606 |  |

| The finished goods include a stock provision of£27,352 (2024: £211,537).

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

2025 | 2024 |

| £ | £

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

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

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

| Other debtors | 89,592 |  | 86,601 |  |

| Deferred tax asset | - |  | 56,472 |  |

| Prepayments | 208,648 |  | 298,845 |  |

965,217 |  | 1,366,130 |  |

| Deferred tax asset

2024 |

| £

| Accelerated capital allowances | (73,809 | ) |

| Tax losses carried forward | 130,281 |  |

56,472 |  |

| DARTS CORNER LTD (REGISTERED NUMBER: 06059355) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

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

2025 | 2024 |

| £ | £

| Bank loans and overdrafts (see note 13) | 1,193,004 |  | 1,342,863 |  |

| Trade creditors | 1,272,598 |  | 1,446,238 |  |

| Amounts owed to group undertakings | 424,012 |  | 246,731 |  |

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

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

| VAT | 362,205 |  | 332,176 |  |

| Other creditors | 196,622 |  | 16,058 |  |

| Accruals and deferred income | 640,929 |  | 216,494 |  |

4,147,257 |  | 3,600,560 |  |

13. | Loans

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

2025 | 2024 |

| £ | £

| Amounts falling due within one year or on demand:

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

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

1,193,004 |  | 1,342,863 |  |

14. | Secured debts

| The following secured debts are included within creditors:

2025 | 2024 |

| £ | £

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

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

1,193,004 |  | 1,342,863 |  |

| The loans 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.

15. | Financial instruments

| At the year end, the total notional amount of outstanding foreign exchange forward contracts that the company 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.

16. | Provisions for liabilities

2025 |  |

| £

| Deferred tax

| Accelerated capital allowances | 76,076 |  |

| DARTS CORNER LTD (REGISTERED NUMBER: 06059355) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

16. | Provisions for liabilities - continued

Deferred tax |

| £

| Balance at 1 April 2024 | (56,472 | ) |

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

| Transfer from group company | 211 |  |

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

17. | Called up share capital

| Allotted, issued and fully paid:

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

value: |  | £ | £

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

18. | Reserves

Retained |

earnings |

| £

| At 1 April 2024 | 4,212,277 |  |

| Profit for the year | 502,063 |  |

| At 31 March 2025 | 4,714,340 |  |

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

20. | Contingent liabilities

| The owners of the loan notes held at the balance sheet date have a cross guarantee between Darts Corner Holdings Limited, Darts Corner Limited and Perfect Darts Limited. The amount guaranteed was £18,202,794 (2024: £16,942,237).

21. | Related party disclosures

| 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.

| Entities with control, joint control or significant influence over the entity

2025 | 2024 |

| £ | £

| Management charges | 66,753 |  | 67,847 |  |

| DARTS CORNER LTD (REGISTERED NUMBER: 06059355) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

22. | Post balance sheet events

| After the reporting date, on 13th November 2025, the parent company and its subsidiaries (the "group") were sold to ETHOS partners, resulting in a change of ownership and control. The new owners also undertook a refinancing of the groups existing borrowing arrangements. As part if this transaction:

| - The cross guarantee mentioned in note 24 ceased as these loan notes were either paid or waived.

| - The new owners issued new finance and this includes an intercreditor deed in the loan note documentation and a composite guarantee in the term loan document.

23. | Ultimate controlling party

| The ultimate parent undertaking is ETHOS partners. The smallest group to consolidate these financial statements is Darts Corner Holdings Limited. Consolidated financial statements can be obtained from Harewood House, Union Road, Bolton, England, BL2 2HE.