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REGISTERED NUMBER: 00259981 (England and Wales)

Audited Financial Statements for the Year Ended 31st December 2025

for

Pongees Limited

| Pongees Limited (Registered number: 00259981) |

Contents of the Financial Statements

for the year ended 31st December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Pongees Limited |

Company Information

for the year ended 31st December 2025

| DIRECTORS: | Mr C Hausamann

| Mr N Moore

| Mr W G Steele

| SECRETARY: | Ms J Machardie

| REGISTERED OFFICE: | Unit 9 Schooner Park

| Crossways Business Park

| Dartford

| Kent

| DA2 6NW

| REGISTERED NUMBER: | 00259981 (England and Wales)

| AUDITORS: | Beak Kemmenoe

| Chartered Accountants

| & Statutory Auditors

| 1-3 Manor Road

| Chatham

| ME4 6AE

| Pongees Limited (Registered number: 00259981) |

Balance Sheet

31st December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | 600 |  |

Tangible assets | 5 | 599,356 |  | 620,029 |  |

599,356 |  | 620,629 |  |

CURRENT ASSETS

Stocks | 6 | 1,224,631 |  | 1,187,054 |  |

Debtors | 7 | 303,054 |  | 259,031 |  |

Cash at bank and in hand | 211,329 |  | 255,488 |  |

1,739,014 |  | 1,701,573 |  |

CREDITORS

Amounts falling due within one year | 8 | 851,782 |  | 893,296 |  |

NET CURRENT ASSETS | 887,232 |  | 808,277 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,486,588 |  | 1,428,906 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (284,562 | ) | (320,135 | ) |

PROVISIONS FOR LIABILITIES | (35,647 | ) | (41,467 | ) |

NET ASSETS | 1,166,379 |  | 1,067,304 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 1,000,000 |  | 1,000,000 |  |

Retained earnings | 166,379 |  | 67,304 |  |

SHAREHOLDERS' FUNDS | 1,166,379 |  | 1,067,304 |  |

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 18th March 2026 and were signed on its behalf by:

Mr C Hausamann - Director

| Pongees Limited (Registered number: 00259981) |

Notes to the Financial Statements

for the year ended 31st December 2025

1. | STATUTORY INFORMATION

| Pongees 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 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.

| 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.

| In preparing the financial statements of the company, advantage has been taken of the following disclosure

| exemptions available to qualifying entities;

| - No cashflow statement or net debt reconciliation has been presented;

| - Disclosures in respect of financial instruments measured at amortised cost have not been provided.

| Going concern

| The directors have reviewed the future profit and cash flow projections in conjunction with the current economic climate, in order to express an opinion on the adequacy of working capital and the ability for the company to continue as a going concern for the foreseeable future. The directors continue to forecast that the company will comfortably operate within its financial constraints for a period of at least 12 months from the approval of the financial statements.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| In preparing the financial statements the directors have made the following judgements:

| The directors have concluded that the net realisable value of stock exceeds the value held at the reporting date.

| Pongees Limited (Registered number: 00259981) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

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

| Turnover from the sales of goods is recognised when the company has transferred the significant risks and

| rewards of ownership to the buyer and it is probable that the Company will receive the previously agreed upon payment. These criteria are considered to be met when the goods are delivered to the buyer.

| Website development costs

| Website development costs are initially measured at cost. After initial recognition, website development costs are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Website development costs are depreciated evenly over 5 years representing their estimated useful life.

| Tangible fixed assets

| Tangible fixed assets are stated in the balance sheet at cost less accumulated depreciation. The cost of tangible fixed assets includes directly attributable costs incurred in their acquisition and installation.

| Depreciation

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Land and buildings | - | 2% on cost

| Plant and machinery etc | - | 20% on reducing balance and 2% on cost

| Stocks

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

| Stock items are constantly reviewed to determine if the net realisable value has fallen below the carrying amount. Net realisable value is based on estimated selling price less additional costs of disposal.

| Pongees Limited (Registered number: 00259981) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

| Debt instruments that comply with all of the conditions of paragraph 11.9 of FRS 102 are classified as 'basic'. For debt instruments that do not meet the conditions of FRS 102.11.9, the company considers whether the debt instrument is consistent with the principle in paragraph 11.9A of FRS 102 in order to determine whether it can be classified as basic. Instruments classified as 'basic' financial instruments are measured subsequently at amortised cost using the effective interest method. Debt instruments that have no stated interest rate (and do not constitute financing transaction) and are classified as payable or receivable within one year are initially measured at an undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

| With the exception of some hedging instruments, other debt instruments not meeting conditions of being 'basic' financial instruments are measured at fair value through profit or loss.

| Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

| Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

| 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.

| Pongees Limited (Registered number: 00259981) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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 the Income Statement in the period to which they relate. The company makes monthly pension contributions in accordance with auto enrolment rules and employment contracts.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 13 (2024 - 12 ) .

4. | INTANGIBLE FIXED ASSETS

| Website

| development

| costs

£ |

| COST

| At 1st January 2025

| and 31st December 2025 | 29,268 |  |

| AMORTISATION

| At 1st January 2025 | 28,668 |  |

| Amortisation for year | 600 |  |

| At 31st December 2025 | 29,268 |  |

| NET BOOK VALUE

| At 31st December 2025 | - |  |

| At 31st December 2024 | 600 |  |

| Pongees Limited (Registered number: 00259981) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1st January 2025 | 547,571 |  | 397,786 |  | 945,357 |  |

| Additions | - |  | 10,424 |  | 10,424 |  |

| Disposals | - |  | (68,447 | ) | (68,447 | ) |

| At 31st December 2025 | 547,571 |  | 339,763 |  | 887,334 |  |

| DEPRECIATION

| At 1st January 2025 | 98,521 |  | 226,807 |  | 325,328 |  |

| Charge for year | 10,951 |  | 18,038 |  | 28,989 |  |

| Eliminated on disposal | - |  | (66,339 | ) | (66,339 | ) |

| At 31st December 2025 | 109,472 |  | 178,506 |  | 287,978 |  |

| NET BOOK VALUE

| At 31st December 2025 | 438,099 |  | 161,257 |  | 599,356 |  |

| At 31st December 2024 | 449,050 |  | 170,979 |  | 620,029 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1st January 2025

| and 31st December 2025 | 19,995 |  |

| DEPRECIATION

| At 1st January 2025 | 7,198 |  |

| Charge for year | 2,559 |  |

| At 31st December 2025 | 9,757 |  |

| NET BOOK VALUE

| At 31st December 2025 | 10,238 |  |

| At 31st December 2024 | 12,797 |  |

6. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 1,224,631 |  | 1,187,054 |  |

| Pongees Limited (Registered number: 00259981) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 243,504 |  | 199,036 |  |

| Other debtors and prepayments | 59,550 |  | 59,995 |  |

303,054 |  | 259,031 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 31,252 |  | 30,501 |  |

| Hire purchase contracts (see note 10) | 3,838 |  | 3,443 |  |

| Trade creditors | 313,521 |  | 367,758 |  |

| Corporation tax | 36,986 |  | 19,867 |  |

| Social security and other taxes | 106,017 |  | 94,316 |  |

| Other creditors and accruals | 70,377 |  | 87,020 |  |

| Directors' current accounts | 289,791 |  | 290,391 |  |

851,782 |  | 893,296 |  |

| The director's current account balance is interest free and repayable on demand.

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

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 31,609 |  | 30,839 |  |

| Bank loans - 2-5 years | 97,265 |  | 94,788 |  |

| Bank loans - more than 5 years | 148,803 |  | 183,785 |  |

| Hire purchase contracts (see note 10) | 6,885 |  | 10,723 |  |

284,562 |  | 320,135 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans - more than 5 years | 148,803 |  | 183,785 |  |

| Pongees Limited (Registered number: 00259981) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

10. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 3,838 |  | 3,443 |  |

| Between one and five years | 6,885 |  | 10,723 |  |

10,723 |  | 14,166 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 42,506 |  | 48,075 |  |

| Between one and five years | 144,964 |  | 151,851 |  |

| In more than five years | 16,289 |  | 51,908 |  |

203,759 |  | 251,834 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 308,929 |  | 340,313 |  |

| Hire purchase | 10,723 |  | 14,166 |  |

319,652 |  | 354,479 |  |

| NatWest has a legal charge over the company's freehold property and a debenture over the remaining assets of the company.

| Obligations under hire purchase contracts are secured on the assets concerned.

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 1,000,000 | Ordinary | £1 | 1,000,000 |  | 1,000,000 |  |

| Pongees Limited (Registered number: 00259981) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

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

| The Report of the Auditors was unqualified.

| Natalie Harrison FCA FCCA CTA TEP (Senior Statutory Auditor)

| for and on behalf of Beak Kemmenoe

14. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

| In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

15. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr C Hausamann.