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REGISTERED NUMBER: 02823775 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Family Eyecare Limited

| Family Eyecare Limited (Registered number: 02823775) |

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Chartered Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 5 |

| Family Eyecare Limited |

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | Mr M A Jaffer

| Mr S H Jaffer

| Mr M H Jaffer

| Mrs M Jaffer

| Mrs T M Khaki

| SECRETARY: | Mrs M Jaffer

| REGISTERED OFFICE: | Scottish Provident House

| 76-80 College Road

| Harrow

| Middlesex

| HA1 1BQ

| REGISTERED NUMBER: | 02823775 (England and Wales)

| ACCOUNTANTS: | Merali's Chartered Accountants

| Scottish Provident House

| 76-80 College Road

| Harrow

| Middlesex

| HA1 1BQ

| BANKERS: | Starling Bank

| 5th Floor

| Fruit and wool exchange

| Duval Square

| London

| EC2M 2PP

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Family Eyecare Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Family Eyecare Limited for the year ended 30 June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Family Eyecare Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Family Eyecare Limited and state those matters that we have agreed to state to the Board of Directors of Family Eyecare Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Family Eyecare Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Family Eyecare Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Family Eyecare Limited. You consider that Family Eyecare Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Family Eyecare Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Merali's Chartered Accountants

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

25 March 2026

| Family Eyecare Limited (Registered number: 02823775) |

Balance Sheet

30 June 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 116,514 |  | 119,587 |  |

Investments | 6 | 1,050,600 |  | - |  |

1,167,114 |  | 119,587 |  |

CURRENT ASSETS

Stocks | 10,605 |  | 10,400 |  |

Debtors | 7 | 525,733 |  | 533,754 |  |

Cash at bank and in hand | 23,224 |  | 30,991 |  |

559,562 |  | 575,145 |  |

CREDITORS

Amounts falling due within one year | 8 | (162,987 | ) | (227,221 | ) |

NET CURRENT ASSETS | 396,575 |  | 347,924 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,563,689 |  | 467,511 |  |

PROVISIONS FOR LIABILITIES | 9 | (5,478 | ) | (6,183 | ) |

NET ASSETS | 1,558,211 |  | 461,328 |  |

CAPITAL AND RESERVES

Called up share capital | 961,500 |  | 500 |  |

Capital redemption reserve | 40,000 |  | - |  |

Retained earnings | 556,711 |  | 460,828 |  |

SHAREHOLDERS' FUNDS | 1,558,211 |  | 461,328 |  |

| Family Eyecare Limited (Registered number: 02823775) |

Balance Sheet - continued

30 June 2025

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

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

The directors acknowledge their 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.

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 25 March 2026 and were signed on its behalf by:

Mr S H Jaffer - Director

| Family Eyecare Limited (Registered number: 02823775) |

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Family Eyecare Limited 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. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

| Turnover represents net invoiced sales of goods, excluding value added tax, as well as eye test fees.

| Turnover is stated after trade discounts.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 1993, has been amortised evenly over its estimated useful life.

| 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.

| Tangible fixed assets

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

| Freehold property | - | not provided

| Plant and machinery | - | 20% on cost

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

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

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

| 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.

| 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.

| Family Eyecare Limited (Registered number: 02823775) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Going concern

| The directors have prepared the company's financial statements on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. They have considered a period of twelve months from the date of approval of the financial statements and confirm that the company has adequate reserves to meet its liabilities as they fall due for atleast twelve months from the approval of the financial statements.Therefor the accounts are prepared on a going concern basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 5 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 105,000 |  |

| AMORTISATION

| At 1 July 2024

| and 30 June 2025 | 105,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  |

| At 30 June 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |

| property |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ |

| COST

| At 1 July 2024 | 93,465 |  | 216,975 |  | 175,161 |  | 485,601 |  |

| Additions | - |  | 1,999 |  | - |  | 1,999 |  |

| At 30 June 2025 | 93,465 |  | 218,974 |  | 175,161 |  | 487,600 |  |

| DEPRECIATION

| At 1 July 2024 | - |  | 209,438 |  | 156,576 |  | 366,014 |  |

| Charge for year | - |  | 2,284 |  | 2,788 |  | 5,072 |  |

| At 30 June 2025 | - |  | 211,722 |  | 159,364 |  | 371,086 |  |

| NET BOOK VALUE

| At 30 June 2025 | 93,465 |  | 7,252 |  | 15,797 |  | 116,514 |  |

| At 30 June 2024 | 93,465 |  | 7,537 |  | 18,585 |  | 119,587 |  |

| Family Eyecare Limited (Registered number: 02823775) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| Additions - The Eye Collectiv | 1,050,600 |  |

| At 30 June 2025 | 1,050,600 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,050,600 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 10,929 |  | 12,338 |  |

| Amounts owed by group undertakings | 486,610 |  | - |  |

| Other debtors | - |  | 515,610 |  |

| Directors' current accounts | 22,428 |  | - |  |

| VAT | - |  | 2,781 |  |

| Prepayments | 5,766 |  | 3,025 |  |

525,733 |  | 533,754 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 27,713 |  | 114,663 |  |

| Corporation Tax Payable | 45,927 |  | 19,574 |  |

| Social security and other taxes | 1,306 |  | 580 |  |

| Pension Control | 272 |  | 221 |  |

| VAT | 2,983 |  | - |  |

| Other Creditors | 32,834 |  | 22,317 |  |

| Mahdi Foundation | 35,200 |  | 35,200 |  |

| Directors' current accounts | - |  | 30,349 |  |

| Accruals | 16,752 |  | 4,317 |  |

162,987 |  | 227,221 |  |

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 5,478 |  | 6,183 |  |

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 6,183 |  |

| Movement for the year | (705 | ) |

| Balance at 30 June 2025 | 5,478 |  |

| Family Eyecare Limited (Registered number: 02823775) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

10. | RELATED PARTY DISCLOSURES

| No dividends were paid to the shareholders during the year (2024: £50,000)

| Included in debtors is amount receivable of £486,610 (2024 : £515,610) from The Eye Collective Ltd, a company under common control of the director, Mr M A Jaffer.

| Rent of £12,000 (2024: £12,000) was paid to Mr M H Jaffer, a director of the Company.

| Locum services, together with professional and consultancy fees, include amounts totalling £50,065 (2024: £13,900) paid to RHT Optical Services Ltd, a company owned by director Mr S H Jaffer, and £60,630 paid to BOA Consultancies Ltd, a company owned by director Mr Mujtaba H Jaffer.

| Included within creditors is an amount of £35,200 (2024: £35,200) due to Mahdi Foundation, a registered charity under common control. During the year, charitable donations of £33,319 (2024: £23,237) were made, of which £11,500 were paid to Mahdi Foundation.

| On 9 October 2024, the Company acquired a 50% shareholding in The Eye Collective Limited from Mr M A Jaffer, a director and shareholder of the Company, for a consideration of £1,000,000. On 23 October 2024, the Company acquired a further 1% shareholding in The Eye Collective Limited from Mr H Jaffer, a shareholder of The Eye Collective Limited, for a consideration of £20,000. At the year end, amounts due from group undertakings included £515,610 (2024: £515,610 within other debtors) due from The Eye Collective Limited, now a subsidiary of the Company.

| On 2nd May 2025, the company redeemed 40 Redeemable Ordinary shares held by Abbas Jaffer, a director and shareholder of the company, at their nominal value of £1,000 per share, for a total consideration of £40,000.

11. | POST BALANCE SHEET EVENTS

| On 12 December 2025, the company redeemed 100 Redeemable Ordinary shares held by Abbas Jaffer, a director and shareholder, at their nominal value of £1,000 per share, for a total consideration of £100,000.