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REGISTERED NUMBER: 03580515 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

PHYSIQUE MANAGEMENT COMPANY LIMITED

PHYSIQUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03580515) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

| PHYSIQUE MANAGEMENT COMPANY LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Director: | Mr K D Peters

| Registered office: | Unit 6 Hermitage Park

| Hants Farm Way

| Havant

| Hampshire

| PO9 1FA

| Registered number: | 03580515 (England and Wales)

PHYSIQUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03580515) |

BALANCE SHEET

30 SEPTEMBER 2025

30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £

Fixed assets

Intangible assets | 4 | 44,671 |  | 29,829 |  |

Tangible assets | 5 | 216,416 |  | 211,737 |  |

261,087 |  | 241,566 |  |

Current assets

Stocks | 6 | 835,363 |  | 908,403 |  |

Debtors | 7 | 586,652 |  | 517,852 |  |

Cash at bank and in hand | 401,579 |  | 480,809 |  |

1,823,594 |  | 1,907,064 |  |

Creditors

Amounts falling due within one year | 8 | 812,678 |  | 875,175 |  |

Net current assets | 1,010,916 |  | 1,031,889 |  |

Total assets less current liabilities | 1,272,003 |  | 1,273,455 |  |

Creditors

Amounts falling due after more than one year | 9 | 2,424 |  | 12,604 |  |

Provisions for liabilities | 22,563 |  | 18,482 |  |

Capital and reserves

Called up share capital | 12,149 |  | 12,149 |  |

Share premium | 22,851 |  | 22,851 |  |

Retained earnings | 1,212,016 |  | 1,207,369 |  |

Shareholders' funds | 1,247,016 |  | 1,242,369 |  |

1,272,003 |  | 1,273,455 |  |

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

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

The director acknowledges his responsibilities for:

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

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

PHYSIQUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03580515) |

BALANCE SHEET - continued

30 SEPTEMBER 2025

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2026 and were signed by:

Mr K D Peters - Director

PHYSIQUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03580515) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | Statutory information

| Physique Management Company Limited is a private company, limited by shares, registered in England and Wales, registration number 03580515. The registered office is Unit 6 Hermitage Park, Harts Farm Way, Havant, England, PO9 1FA.

| The presentation currency of the financial statements is pound sterling (£) and the level of rounding is the nearest £1.

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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Sale of goods

| Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

| - the company has transferred the significant risks and rewards of ownership to the buyer;

| - the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

| - the amount of turnover can be measured reliably;

| - it is probable that the company will receive the consideration due under the transaction; and

| - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Stocks

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

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

| 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 10 years on cost.

| Development costs are being amortised on 25% reducing balance.

PHYSIQUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03580515) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | Accounting policies - continued

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

| Depreciation is provided on the following basis:

| Plant and machinery - 25% on reducing balance

| Fixtures and fittings - 20% on reducing balance

| Motor vehicles - 25% on cost

| Long leasehold - 15 years on cost

| Improvement to property - 15 years on cost

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

| Financial instruments

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

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

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| Derivative financial instruments

| The company uses forward foreign currency contracts to reduce exposure to foreign exchange rates.

| Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit and loss in finance costs or income as appropriate.

| The company does not currently apply hedge accounting for foreign exchange derivatives.

PHYSIQUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03580515) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | Accounting policies - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

| 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

| 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.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. | Employees and directors

| The average number of employees during the year was 25 (2024 - 25 ) .

PHYSIQUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03580515) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4. | Intangible fixed assets

Patents and | Development |

licences | costs | Totals |

| £ | £ | £

| Cost

| At 1 October 2024 | 11,751 |  | 35,675 |  | 47,426 |  |

| Additions | - |  | 28,165 |  | 28,165 |  |

| At 30 September 2025 | 11,751 |  | 63,840 |  | 75,591 |  |

| Amortisation

| At 1 October 2024 | 2,350 |  | 15,247 |  | 17,597 |  |

| Amortisation for year | 1,175 |  | 12,148 |  | 13,323 |  |

| At 30 September 2025 | 3,525 |  | 27,395 |  | 30,920 |  |

| Net book value

| At 30 September 2025 | 8,226 |  | 36,445 |  | 44,671 |  |

| At 30 September 2024 | 9,401 |  | 20,428 |  | 29,829 |  |

5. | Tangible fixed assets

Long | Improvements | Plant and |

leasehold | to property | machinery |

| £ | £ | £

| Cost

| At 1 October 2024 | 31,861 |  | 142,825 |  | 239,827 |  |

| Additions | - |  | - |  | 195 |  |

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

| At 30 September 2025 | 31,861 |  | 142,825 |  | 240,022 |  |

| Depreciation

| At 1 October 2024 | 7,035 |  | 29,842 |  | 179,228 |  |

| Charge for year | 2,124 |  | 9,522 |  | 15,199 |  |

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

| At 30 September 2025 | 9,159 |  | 39,364 |  | 194,427 |  |

| Net book value

| At 30 September 2025 | 22,702 |  | 103,461 |  | 45,595 |  |

| At 30 September 2024 | 24,826 |  | 112,983 |  | 60,599 |  |

PHYSIQUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03580515) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5. | Tangible fixed assets - continued

Fixtures |

and | Motor |

fittings | vehicles | Totals |

| £ | £ | £

| Cost

| At 1 October 2024 | 46,640 |  | 21,500 |  | 482,653 |  |

| Additions | 6,935 |  | 37,929 |  | 45,059 |  |

| Disposals | - |  | (21,500 | ) | (21,500 | ) |

| At 30 September 2025 | 53,575 |  | 37,929 |  | 506,212 |  |

| Depreciation

| At 1 October 2024 | 33,311 |  | 21,500 |  | 270,916 |  |

| Charge for year | 4,053 |  | 9,482 |  | 40,380 |  |

| Eliminated on disposal | - |  | (21,500 | ) | (21,500 | ) |

| At 30 September 2025 | 37,364 |  | 9,482 |  | 289,796 |  |

| Net book value

| At 30 September 2025 | 16,211 |  | 28,447 |  | 216,416 |  |

| At 30 September 2024 | 13,329 |  | - |  | 211,737 |  |

6. | Stocks

30.9.25 | 30.9.24 |

| £ | £

| Stocks | 835,363 |  | 908,403 |  |

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

30.9.25 | 30.9.24 |

| £ | £

| Trade debtors | 304,313 |  | 236,430 |  |

| Other debtors | 282,339 |  | 281,422 |  |

586,652 |  | 517,852 |  |

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

30.9.25 | 30.9.24 |

| £ | £

| Trade creditors | 302,358 |  | 328,193 |  |

| Amounts owed to group undertakings | 635 |  | 50,635 |  |

| Taxation and social security | 326,523 |  | 312,074 |  |

| Other creditors | 183,162 |  | 184,273 |  |

812,678 |  | 875,175 |  |

PHYSIQUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03580515) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

30.9.25 | 30.9.24 |

| £ | £

| Other creditors | 2,424 |  | 12,604 |  |