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REGISTERED NUMBER: 02926851 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE PERIOD |

| 1 JANUARY 2024 TO 31 JULY 2024 |

| FOR |

| GREEN LIGHT PACKAGING LIMITED |

GREEN LIGHT PACKAGING LIMITED (REGISTERED NUMBER: 02926851) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 31 JULY 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Report of the Accountants | 10 |

| GREEN LIGHT PACKAGING LIMITED |

COMPANY INFORMATION

FOR THE PERIOD 1 JANUARY 2024 TO 31 JULY 2024

| DIRECTORS: | K R Yeo

| S K Y Chia

| SECRETARY: | K R Yeo

| REGISTERED OFFICE: | 45 Queen Street

| Deal

| Kent

| CT14 6EY

| REGISTERED NUMBER: | 02926851 (England and Wales)

| ACCOUNTANTS: | Higson & Co (Deal) Ltd

| 45 Queen Street

| Deal

| Kent

| CT14 6EY

GREEN LIGHT PACKAGING LIMITED (REGISTERED NUMBER: 02926851) |

BALANCE SHEET

31 JULY 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1 |  | 98,357 |  |

Tangible assets | 5 | 105,591 |  | 460,478 |  |

Investments | 6 | - |  | 265,513 |  |

105,592 |  | 824,348 |  |

CURRENT ASSETS

Stocks | 566,979 |  | 1,029,478 |  |

Debtors | 7 | 1,016,148 |  | 1,079,566 |  |

Cash at bank | 1,412,282 |  | 2,289,684 |  |

2,995,409 |  | 4,398,728 |  |

CREDITORS

Amounts falling due within one year | 8 | 299,936 |  | 1,006,605 |  |

NET CURRENT ASSETS | 2,695,473 |  | 3,392,123 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,801,065 |  | 4,216,471 |  |

PROVISIONS FOR LIABILITIES | 9 | - |  | 48,194 |  |

NET ASSETS | 2,801,065 |  | 4,168,277 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 7,070 |  | 7,070 |  |

Capital redemption reserve | 11 | 3,000 |  | 3,000 |  |

Other reserves | 11 | 1,383,448 |  | 1,383,448 |  |

Other reserves | 11 | 15,094 |  | 15,094 |  |

Retained earnings | 11 | 1,392,453 |  | 2,759,665 |  |

SHAREHOLDERS' FUNDS | 2,801,065 |  | 4,168,277 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 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.

GREEN LIGHT PACKAGING LIMITED (REGISTERED NUMBER: 02926851) |

BALANCE SHEET - continued

31 JULY 2024

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2026 and were signed on its behalf by:

K R Yeo - Director

S K Y Chia - Director

GREEN LIGHT PACKAGING LIMITED (REGISTERED NUMBER: 02926851) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 31 JULY 2024

1. | STATUTORY INFORMATION

| Green Light Packaging 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.

| 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Green Light Packaging Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

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

| Revenue is recognised on delivery of the goods.

| 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 five years.

| Development costs are being amortised evenly over their estimated useful life of three years.

| 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 | - | 50% on cost, 50% on reducing balance, 33% on cost, 25% on cost, 25% on reducing balance, 20% on cost and 15% on cost

| Tangible fixed assets are reviewed for impairment annually.

| It is the policy of the Company to capitalise items with an estimated useful economic life in excess of two years, and in excess of £200.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

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

| Financial instruments

| The company manages its foreign exchange requirements by purchasing forward foreign exchange contracts from time to time. The rates used to record income and expenditure during the period are the average rates fixed at the beginning of each month. At the year end all assets and liabilities are converted to the rate at the year end date.

GREEN LIGHT PACKAGING LIMITED (REGISTERED NUMBER: 02926851) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JANUARY 2024 TO 31 JULY 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 14 (2023 - 21 ) .

4. | INTANGIBLE FIXED ASSETS

| Patents |

| and |  | Development |

| licences |  | costs |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 36,948 |  | 398,191 |  | 435,139 |  |

| Disposals | - |  | (398,191 | ) | (398,191 | ) |

| At 31 July 2024 | 36,948 |  | - |  | 36,948 |  |

| AMORTISATION

| At 1 January 2024 | 36,947 |  | 299,835 |  | 336,782 |  |

| Amortisation for period | - |  | 98,356 |  | 98,356 |  |

| Eliminated on disposal | - |  | (398,191 | ) | (398,191 | ) |

| At 31 July 2024 | 36,947 |  | - |  | 36,947 |  |

| NET BOOK VALUE

| At 31 July 2024 | 1 |  | - |  | 1 |  |

| At 31 December 2023 | 1 |  | 98,356 |  | 98,357 |  |

GREEN LIGHT PACKAGING LIMITED (REGISTERED NUMBER: 02926851) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JANUARY 2024 TO 31 JULY 2024

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2024 | 2,234,388 |  | 249,602 |  | 131,094 |  | 2,615,084 |  |

| Additions | 3,446 |  | - |  | - |  | 3,446 |  |

| Disposals | (1,924,336 | ) | - |  | (52,682 | ) | (1,977,018 | ) |

| Reclassification/transfer | (85,479 | ) | 85,479 |  | - |  | - |  |

| At 31 July 2024 | 228,019 |  | 335,081 |  | 78,412 |  | 641,512 |  |

| DEPRECIATION

| At 1 January 2024 | 1,916,620 |  | 162,263 |  | 75,723 |  | 2,154,606 |  |

| Charge for period | 41,376 |  | 3,588 |  | 9,255 |  | 54,219 |  |

| Eliminated on disposal | (1,635,222 | ) | - |  | (37,682 | ) | (1,672,904 | ) |

| Reclassification/transfer | (148,466 | ) | 148,466 |  | - |  | - |  |

| At 31 July 2024 | 174,308 |  | 314,317 |  | 47,296 |  | 535,921 |  |

| NET BOOK VALUE

| At 31 July 2024 | 53,711 |  | 20,764 |  | 31,116 |  | 105,591 |  |

| At 31 December 2023 | 317,768 |  | 87,339 |  | 55,371 |  | 460,478 |  |

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2024 | 265,513 |  |

| Disposals | (265,513 | ) |

| At 31 July 2024 | - |  |

| NET BOOK VALUE

| At 31 July 2024 | - |  |

| At 31 December 2023 | 265,513 |  |

| The company disposed of its subsidiary undertakings during the period as part of the demerger process referred to in Note 20 to these financial statements.

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

2024 | 2023 |

£ | £ |

| Trade debtors | 436,575 |  | 703,104 |  |

| Other debtors | 509,942 |  | 189,158 |  |

| Directors' current accounts | 42,067 |  | 42,067 |  |

| Prepayments | 27,564 |  | 145,237 |  |

1,016,148 |  | 1,079,566 |  |

GREEN LIGHT PACKAGING LIMITED (REGISTERED NUMBER: 02926851) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JANUARY 2024 TO 31 JULY 2024

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

| The Director's loan has been repaid following the period end.

| Other debtors includes amounts owing by the Holding company and an associated company controlled by the Directors.

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

2024 | 2023 |

£ | £ |

| Trade creditors | 138,503 |  | 438,171 |  |

| Tax | 70,025 |  | 219,046 |  |

| Social security and other taxes | 6,024 |  | 12,350 |  |

| VAT | 32,072 |  | 78,510 |  |

| Other creditors | - |  | 142,514 |  |

| Accrued expenses | 53,312 |  | 116,014 |  |

299,936 |  | 1,006,605 |  |

9. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | - |  | 48,194 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2024 | 48,194 |  |

| Credit to Statement of Income and Retained Earnings during period | (48,194 | ) |

| Balance at 31 July 2024 | - |  |

| The above movement is in respect of accelerated capital allowances.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 7,070 | Ordinary | £1 | 7,070 |  | 7,070 |  |

11. | RESERVES

| Capital |

| Retained |  | redemption |  | Other |  | Other |

| earnings |  | reserve |  | reserves |  | reserves |  | Totals

£ | £ | £ | £ | £ |

| At 1 January 2024 | 2,759,665 |  | 3,000 |  | 1,383,448 |  | 15,094 |  | 4,161,207 |  |

| Deficit for the period | (45,145 | ) | (45,145 | ) |

| Dividends | (17,067 | ) | (17,067 | ) |

| De-merger of Systems business | (1,305,000 | ) | - |  | - |  | - |  | (1,305,000 | ) |

| At 31 July 2024 | 1,392,453 |  | 3,000 |  | 1,383,448 |  | 15,094 |  | 2,793,995 |  |

GREEN LIGHT PACKAGING LIMITED (REGISTERED NUMBER: 02926851) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JANUARY 2024 TO 31 JULY 2024

12. | CONTINGENT LIABILITIES

| There were no contingent liabilities at the year end. .

13. | OTHER FINANCIAL COMMITMENTS

| The company has entered into a lease agreement with the Directors Company pension scheme at an annual rental of £94000 per annum for the office and factory that the company trades from. The lease expires in August 2026.

14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the period ended 31 July 2024 and the year ended 31 December 2023:

2024 | 2023 |

£ | £ |

| K R Yeo

| Balance outstanding at start of period | 42,067 |  | 64,955 |  |

| Amounts advanced | 17,067 |  | 37,112 |  |

| Amounts repaid | (17,067 | ) | (60,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | 42,067 |  | 42,067 |  |

| The overdrawn Directors Loan account has been repaid following the year end.

15. | RELATED PARTY DISCLOSURES

| 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.

| Heygates Limited were paid a dividend of £nil (2023 - £125,000) during the period.

| During the period the company paid £nil (2023- £113,365) to Fancy Era Pte Limited, a company based in Singapore and in which Mr K Yeo, a director has an interest. The services provided, in connection with the company's Asia operations, were carried out at arms length and at market value.

| Mr K Yeo, a director, was paid £17,067 (2023 - £40,000) in dividends during the period. The company also made pension contributions on behalf of Mr Yeo of £751 (2023- £26,782) during the period.

| During the period the holding company was paid £40,000 (2023 - nil) in management charges for recharged central costs.

16. | ULTIMATE CONTROLLING PARTY

| The controlling party is Green Light Packaging Holdings Ltd.

| The ultimate controlling party is Green Light Packaging Holdings Ltd.

| During the period, the shareholders exchanged their shares in the company for shares in a holding company Green Light Packaging Holdings Limited. This was part of a process leading to the restructuring of the business as disclosed in these financial statements.

GREEN LIGHT PACKAGING LIMITED (REGISTERED NUMBER: 02926851) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JANUARY 2024 TO 31 JULY 2024

17. | RESTRUCTURE DURING THE PERIOD

| As disclosed in the prior year financial statements, the business underwent a restructuring process during the period. The Systems part of the business was demerged at the full market value of £1305000 to a separate new trading company GLP Systems Limited, formed for the purpose. The process was carried out through the formation of a new Holding Company, Green Light Packaging Holdings Limited. HMRC tax clearance was obtained on the restructure which was carried out for commercial purposes to enable both parts of the business to thrive and grow and to incentivise senior management.

| The shareholders of the company became shareholders of Green Light Packaging Holdings Ltd and GLP Systems Ltd in the same proportions as in the company.

| GREEN LIGHT PACKAGING LIMITED |

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF

GREEN LIGHT PACKAGING 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 Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 July 2024 set out on pages one to fifteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Higson & Co (Deal) Ltd

45 Queen Street

Deal

Kent

CT14 6EY

31 March 2026