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REGISTERED NUMBER: 01548358 (England and Wales)

Mobecot Limited

Unaudited Financial Statements

for the Year Ended 30 September 2025

| Mobecot Limited (Registered number: 01548358) |

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 |

| Mobecot Limited |

Company Information

for the Year Ended 30 September 2025

| DIRECTOR: | Mr M Benbeniste

| SECRETARY: | Mr P M Hinchliffe

| REGISTERED OFFICE: | 17 Bloom Street

| Albert House

| Manchester

| M1 3HZ

| REGISTERED NUMBER: | 01548358 (England and Wales)

| Mobecot Limited (Registered number: 01548358) |

Balance Sheet

30 September 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 2,900,243 |  | 2,900,327 |  |

Investments | 6 | - |  | 64 |  |

2,900,243 |  | 2,900,391 |  |

CURRENT ASSETS

Debtors | 7 | 1,730,864 |  | 1,985,914 |  |

Cash at bank | 1,370,571 |  | 1,244,778 |  |

3,101,435 |  | 3,230,692 |  |

CREDITORS

Amounts falling due within one year | 8 | (250,532 | ) | (160,195 | ) |

NET CURRENT ASSETS | 2,850,903 |  | 3,070,497 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,751,146 |  | 5,970,888 |  |

PROVISIONS FOR LIABILITIES | (482,072 | ) | (482,072 | ) |

NET ASSETS | 5,269,074 |  | 5,488,816 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Non-distributable reserve | 2,413,720 |  | 2,413,720 |  |

Retained earnings | 2,855,254 |  | 3,074,996 |  |

SHAREHOLDERS' FUNDS | 5,269,074 |  | 5,488,816 |  |

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.

| Mobecot Limited (Registered number: 01548358) |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 April 2026 and were signed by:

Mr M Benbeniste - Director

| Mobecot Limited (Registered number: 01548358) |

Notes to the Financial Statements

for the Year Ended 30 September 2025

1. | GENERAL INFORMATION

| The company is a private company limited by share capital, incorporated in England and Wales.

| The address of its registered office is:

| 17 Bloom Street

| Albert House

| Manchester

| M1 3HZ

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

3. | ACCOUNTING POLICIES

| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES

| The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

| BASIS OF PREPARATION

| These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

| REVENUE RECOGNITION

| Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

| The company recognises revenue when:

| The amount of revenue can be reliably measured;

| it is probable that future economic benefits will flow to the entity;

| and specific criteria have been met for each of the company's activities.

| FOREIGN CURRENCY TRANSACTIONS AND BALANCES

| Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

| Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

| Mobecot Limited (Registered number: 01548358) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

3. | ACCOUNTING POLICIES - continued

| TAX

| The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

| The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

| Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

| Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

| TANGIBLE ASSETS

| Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

| DEPRECIATION

| Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

| Asset class |  | Depreciation method and rate |  |

| Fixtures, fittings and equipment |  | 25% Reducing balance |  |

| BUSINESS COMBINATIONS

| Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

| INVESTMENTS

| Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

| Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

| Mobecot Limited (Registered number: 01548358) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

3. | ACCOUNTING POLICIES - continued

| CASH AND CASH EQUIVALENTS

| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| TRADE DEBTORS

| Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

| Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

| STOCKS

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

| The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

| TRADE CREDITORS

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

| Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

| SHARE CAPITAL

| Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

| Mobecot Limited (Registered number: 01548358) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

5. | TANGIBLE FIXED ASSETS

| Furniture, |

| fittings |

| Freehold |  | and |

| property |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024

| and 30 September 2025 | 2,900,000 |  | 47,721 |  | 2,947,721 |  |

| DEPRECIATION

| At 1 October 2024 | - |  | 47,394 |  | 47,394 |  |

| Charge for year | - |  | 84 |  | 84 |  |

| At 30 September 2025 | - |  | 47,478 |  | 47,478 |  |

| NET BOOK VALUE

| At 30 September 2025 | 2,900,000 |  | 243 |  | 2,900,243 |  |

| At 30 September 2024 | 2,900,000 |  | 327 |  | 2,900,327 |  |

| Included within the net book value of land and buildings above is £2,900,000 (2024 -£2,900,000) in respect of freehold land and buildings.

6. | INVESTMENTS

| Interest

| in

| associate

£ |

| COST

| At 1 October 2024 | 64 |  |

| Disposals | (64 | ) |

| At 30 September 2025 | - |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  |

| At 30 September 2024 | 64 |  |

| The company's investment represents the cost of acquisition of one share of Mobecot Yarns Limited, a dormant company incorporated in the UK. The remaining 99 shares of the company are held by Mr Benbeniste as nominee, who is also the director of Mobecot Limited.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,653,998 |  | 1,954,030 |  |

| Other debtors | 76,866 |  | 31,884 |  |

1,730,864 |  | 1,985,914 |  |

| Mobecot Limited (Registered number: 01548358) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

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

2025 | 2024 |

£ | £ |

| Trade creditors | 66,170 |  | 13,148 |  |

| Taxation and social security | 1,358 |  | 2,058 |  |

| Other creditors | 183,004 |  | 144,989 |  |

250,532 |  | 160,195 |  |

| The bank loan and overdraft are secured by a first legal charge over the freehold property and various other guarantees.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 100 | Ordinary share | 1 | 100 |  | 100 |  |

10. | RESERVES

| Non-distributable reserve - This reserve records the net cumulative fair value gains on investment property.

| Profit and loss account - This reserve records distributable retained earnings and accumulated losses.

11. | DIRECTOR'S REMUNERATION

| The director's remuneration for the year was as follows:

|  | 2025(£) |  | 2024(£) |  |

| Remuneration |  | 5,306 |  | 9,096 |  |

| Other transactions with the director

| a) During the year the company sold goods to the value of Nil (2024 - £221,716) to Bentex Cotton Industries Inc., a US company in which the director is materially interested as a shareholder.

| b) Trade debtors include £1,653,998 (2024 - £1,954,030) by the Bentex Cotton Industries Inc. at the balance sheet date.

12. | PARENT AND ULTIMATE PARENT UNDERTAKING

| The company's immediate parent is Charles B Holdings Limited, incorporated in England and Wales.