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REGISTERED NUMBER: SC535311 (Scotland)

| Unaudited Financial Statements |

| for the Year Ended 30 September 2025 |

| for |

| Punav Ltd |

| Punav Ltd (Registered number: SC535311) |

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 |

| Punav Ltd |

Company Information

for the Year Ended 30 September 2025

| DIRECTOR: | Mr Puneet Gupta

| REGISTERED OFFICE: | West Wing, Ground Floor

| Custom House, Custom House Quay

| Greenock

| PA15 1EQ

| REGISTERED NUMBER: | SC535311 (Scotland)

| ACCOUNTANTS: | Henderson & Company

| 73 Union Street

| Greenock

| Renfrewshire

| PA16 8BG

| Punav Ltd (Registered number: SC535311) |

Balance Sheet

30 September 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,206 |  | 4,275 |  |

Investment property | 5 | 1,790,000 |  | 1,790,000 |  |

1,793,206 |  | 1,794,275 |  |

CURRENT ASSETS

Debtors | 6 | 43,770 |  | 47,593 |  |

Cash at bank | 40,915 |  | 17,622 |  |

84,685 |  | 65,215 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,447,991 |  | 847,204 |  |

NET CURRENT LIABILITIES | (1,363,306 | ) | (781,989 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 429,900 |  | 1,012,286 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (616,470 | ) |

PROVISIONS FOR LIABILITIES | (20,000 | ) | (20,620 | ) |

NET ASSETS | 409,900 |  | 375,196 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Non distributable reserve | 63,345 |  | 63,345 |  |

Retained earnings | 346,455 |  | 311,751 |  |

409,900 |  | 375,196 |  |

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.

| Punav Ltd (Registered number: SC535311) |

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2026 and were signed by:

Mr Puneet Gupta - Director

| Punav Ltd (Registered number: SC535311) |

Notes to the Financial Statements

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

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

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 as modified by the revaluation of certain assets.

| Turnover

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

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Taxation

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

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

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

| Punav Ltd (Registered number: SC535311) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position bank overdrafts are shown within borrowings in current liabilities.

| Debtors

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

| Creditors

| Basic financial instruments, including preference shares that are classified as debt, are measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is initially measured at fair value and subsequently at amortised cost using the effective interest method.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 24,018 |  |

| DEPRECIATION

| At 1 October 2024 | 19,743 |  |

| Charge for year | 1,069 |  |

| At 30 September 2025 | 20,812 |  |

| NET BOOK VALUE

| At 30 September 2025 | 3,206 |  |

| At 30 September 2024 | 4,275 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 October 2024

| and 30 September 2025 | 1,790,000 |  |

| NET BOOK VALUE

| At 30 September 2025 | 1,790,000 |  |

| At 30 September 2024 | 1,790,000 |  |

| Fair value at 30 September 2025 is represented by:

£ |

| Valuation in 2025 | 1,790,000 |  |

| Punav Ltd (Registered number: SC535311) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

5. | INVESTMENT PROPERTY - continued

| The company's investment properties were revalued on 16th April 2021 by external valuers, Graham & Sibbald at £1,790,000. The directors consider that these values were appropriate as at 30th September 2025.

| If the properties had not been revalued they would have been stated at an historical cost of £1,711,796. (2024: £1,711,796).

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

2025 | 2024 |

£ | £ |

| Trade debtors | 12,205 |  | 16,028 |  |

| Other debtors | 31,565 |  | 31,565 |  |

43,770 |  | 47,593 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 613,944 |  | 26,848 |  |

| Trade creditors | - |  | (1 | ) |

| Taxation and social security | 23,900 |  | 14,305 |  |

| Other creditors | 810,147 |  | 806,052 |  |

1,447,991 |  | 847,204 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 616,470 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 613,944 |  | - |  |

| Bank loans | - |  | 643,319 |  |

613,944 |  | 643,319 |  |

| The bank have a floating charge covering all the property or undertaking of the company.