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REGISTERED NUMBER: 12012703 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

GIC INTERNATIONAL TRADING LTD

GIC INTERNATIONAL TRADING LTD (REGISTERED NUMBER: 12012703)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

GIC INTERNATIONAL TRADING LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTORS: | I J Dunnaker

| N G Perry

| C J Perry

| SECRETARY: | A J Allen

| REGISTERED OFFICE: | A. Perry Ltd

| Doulton Road

| Cradley Heath

| West Midlands

| B64 5QW

| REGISTERED NUMBER: | 12012703 (England and Wales)

| AUDITORS: | Prime

| Chartered Accountants

| Statutory Auditor

| 161 Newhall Street

| Birmingham

| B3 1SW

GIC INTERNATIONAL TRADING LTD (REGISTERED NUMBER: 12012703)

BALANCE SHEET

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 161,238 |  | 225,240 |  |

CURRENT ASSETS

Debtors | 5 | 2 |  | 2 |  |

Cash at bank | 1,709 |  | 253 |  |

1,711 |  | 255 |  |

CREDITORS

Amounts falling due within one year | 6 | 240,755 |  | 239,299 |  |

NET CURRENT LIABILITIES | (239,044 | ) | (239,044 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (77,806 | ) | (13,804 | ) |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 8 | (77,808 | ) | (13,806 | ) |

SHAREHOLDERS' FUNDS | (77,806 | ) | (13,804 | ) |

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2026 and were signed on its behalf by:

N G Perry - Director

GIC INTERNATIONAL TRADING LTD (REGISTERED NUMBER: 12012703)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

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

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Going concern

| During the period the company has continued to hold its investment in a joint venture with finance provided by a group company. The company has no external debt and the directors believe the company has adequate resources available through the group to adopt the going concern basis in preparing these financial statements. The directors have considered a period of twelve months from the date of approving these financial statements.

| 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.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| 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.

GIC INTERNATIONAL TRADING LTD (REGISTERED NUMBER: 12012703)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Investments in joint ventures

| An entity is treated as a joint venture where the company is party to a contractual agreement with one or more parties from outside the company to undertake an economic activity that is subject to joint control.

| In the accounts, interest in joint ventures are accounted for using the equity method of accounting. Under this method an equity investment is initially recognised at the transaction price (including translation costs) and is subsequently adjusted to reflect the investor's share of the profit or loss, other comprehensive income and equity of the joint venture. the statement of comprehensive income includes the company's share of the operating results, interest, pre-tax results and attributable taxation of such undertakings applying accounting policies consistent with those of the company. Any share of losses are only recognised to the extent that they do not reduce the investment balance below zero as the company has no obligations to make payments on behalf of the joint venture, and any share of subsequent profits shall be accounted for once the unrecognised profits are equal to the unrecognised losses. In the balance sheet, the interests in joint ventures are shown as the company's share of the identifiable net assets, including any unamortised premium paid on acquisition. Any unrealised profits and losses from transactions between the company and the joint venture are eliminated to the extent of the company's interest in the joint venture.

| Any premium on acquisition is included within the equity method accounted figure in the financial statements as goodwill. This goodwill is amortised over 10 years. Where there are indicators of impairment, the investment as a whole is tested for impairment,

3. | EMPLOYEES AND DIRECTORS

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

4. | FIXED ASSET INVESTMENTS

| Interest

| in joint

| venture

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 225,240 |  |

| PROVISIONS

| Provision for year | 64,002 |  |

| At 30 June 2025 | 64,002 |  |

| NET BOOK VALUE

| At 30 June 2025 | 161,238 |  |

| At 30 June 2024 | 225,240 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 2 |  | 2 |  |

GIC INTERNATIONAL TRADING LTD (REGISTERED NUMBER: 12012703)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 239,299 |  | 239,299 |  |

| Other creditors | 1,456 |  | - |  |

240,755 |  | 239,299 |  |

7. | SECURED DEBTS

| HSBC UK Bank Plc holds a fixed and floating charge over the company's assets under a debenture dated 23 August 2019.

| The company is party to an unlimited multilateral guarantee dated 23 August 2019 in favour of HSBC UK Bank Plc. The guarantee is given by GIC International Trading Limited, Perry & Co Limited, and A Perry Limited. The amount outstanding under the guarantee at the balance sheet date is £6,221,148 (2024: £5,569,178).

8. | RESERVES

| Retained

| earnings

£ |

| At 1 July 2024 | (13,806 | ) |

| Deficit for the year | (64,002 | ) |

| At 30 June 2025 | (77,808 | ) |

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

| The Report of the Auditors was unqualified.

| Morgan Davies FCA (Senior Statutory Auditor)

| for and on behalf of Prime

10. | ULTIMATE CONTROLLING PARTY

| The company is a wholly owned subsidiary of Perry & Co Limited, whose registered office is Doulton Road, Cradley Heath, West Midlands, B64 5QW.

| Perry & Co Limited is owned by a number of private shareholders, accordingly there is no ultimate controlling party.