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REGISTERED NUMBER: 03031052 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

FOR

STOURGARDEN LIMITED

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 12 |

| Consolidated Income Statement | 16 |

| Consolidated Statement of Other Comprehensive Income | 17 |

| Consolidated Balance Sheet | 18 |

| Company Balance Sheet | 19 |

| Consolidated Statement of Changes in Equity | 20 |

| Company Statement of Changes in Equity | 21 |

| Consolidated Cash Flow Statement | 22 |

| Notes to the Consolidated Cash Flow Statement | 23 |

| Notes to the Consolidated Financial Statements | 25 |

| STOURGARDEN LIMITED |

COMPANY INFORMATION

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

| DIRECTORS: | W H Rix

| J G Rix

| G P Rix

| S J Rix

| SECRETARY: | J L Litherland

| REGISTERED OFFICE: | Lodge Farm

| Great Horkesley

| Colchester

| Essex

| CO6 4AP

| REGISTERED NUMBER: | 03031052 (England and Wales)

| AUDITORS: | Lambert Chapman LLP

| 3 Warners Mill

| Silks Way

| Braintree

| Essex

| CM7 3GB

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

GROUP STRATEGIC REPORT

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

The directors present their strategic report of the company and the group for the period 28 July 2024 to 26 July 2025.

REVIEW OF BUSINESS

The group has continued to grow and operate profitably throughout the year under review. Turnover remained consistent with the previous year at £95,428,810 (2024: £95,932,061) and the gross margin obtained improved slightly with gross profits of £13,621,646 (14.3% of turnover), compared with £13,523,516 (14.1% of turnover) in the corresponding period last year.

Net operating costs saw a 9.88% decrease to £10,636,774 (from £11,802,879), and overall this resulted in net profit before tax of £3,214,607 (3.4% of turnover) compared with £2,518,667 (2.6% of turnover) in 2024.

Post tax profits of £2,385,870 have all been transferred to reserves, thus increasing the Retained Earnings from £19,261,153 to £21,647,023. This continues to represent a very healthy position from which the group can continue to grow and trade profitably.

During the year the group has made significant capital investments in a new onion preparation factory, with plant and machinery additions of £8,613,146, and assets under construction of £5,931,861 at the end of the year. This reflects the aim of the directors to continually look to expand and modernism in order to maintain the market position of the group.

Cash funds of £3,183,246 continue to provide sufficient resources for ongoing trading purposes.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors are aware of the risks and uncertainties inherent in the current economic climate and are constantly striving to mitigate these with a detailed and far reaching business plan. They are aware that more than 50% of turnover is derived from one major customer but strive to ensure that the company is not unduly dependent upon that source of income by developing other potential markets, and this policy has proved highly successful in recent years with the introduction of new customers and product lines.

Health and safety, and environmental considerations are also taken very seriously and are reviewed internally and externally on a regular basis.

SECTION 172(1) STATEMENT

The Board of Directors are aware of their duty under Section 172 of the Companies Act 2006 to act in the way they consider, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole.

As a family owned company, the Board gives careful consideration to the consequences of any decision in the long term, focusing on flexibility to meet the ever changing consumer need. Particular recognition is also given to the need to act fairly between members of the company.

The interests of the company's employees and the need to foster the company's business relationships with suppliers, customers and others is also prioritised, with continual engagement with wider stakeholder groups forming part of the day to day operations.

Continual re-investment into the most up to date technology ensures that the growth of the business is undertaken in a sustainable manner, with a positive impact from the company's operations on the community and the environment.

The company's ongoing success has come from the Board's desire to maintain a reputation for high standards of business conduct, and this ethos continues to inform all operational decisions.

STAFF POLICY

Although all four directors are male, the company employs approximately an equal number of male and female staff at all levels, and endeavours to ensure that there is no discrimination on grounds of gender, race or disability.

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

GROUP STRATEGIC REPORT

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

FUTURE DEVELOPMENTS

Following the opening of the new prepared onion factory at the end of summer 2025, future developments will focus on continuing to solidify customer offer in terms of quality and food safety, whilst also developing automation processes efficiencies to maintain best in class standards.

ON BEHALF OF THE BOARD:

J L Litherland - Secretary

24 March 2026

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

The directors present their report with the financial statements of the company and the group for the period 28 July 2024 to 26 July 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the period under review was that of pre-packaging and sale of onions.

DIVIDENDS

No dividends will be distributed for the period ended 26 July 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 28 July 2024 to the date of this report.

W H Rix

J G Rix

G P Rix

S J Rix

FINANCIAL INSTRUMENTS

The company considers itself to have a normal level of exposure to price, credit, liquidity and cash flow risks arising from operating activities.

DISABLED EMPLOYEES

The directors recognise their responsibilities toward giving full and fair consideration to applications for employment to the company made by disabled persons, having regard to their particular aptitudes and abilities.

No discrimination is made in terms of training, career development and promotion of disabled persons employed by the company.

If employees become disabled, every effort is made for continuing their employment and for arranging appropriate training.

ENGAGEMENT WITH EMPLOYEES

The directors maintain constant communication with their employees regarding all matters affecting their interests. Regular updates on factors affecting the performance of the company are provided, and feedback encouraged so that employees' views can be taken into account. Principal decisions taken during the year considered employee engagement, welfare and performance.

ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS

The directors are conscious of the need to foster positive business relationships with suppliers, customers and others to promote the success of the business as a whole. The company has a dedicated grower group, and works hard to source suitable onion growers around the world; building long lasting relationships. Principal decisions made during the year are made with a focus on flexibility, and the company is well placed to meet the ever changing needs of their customers.

STREAMLINED ENERGY AND CARBON REPORTING

Corporate Structure

Stourgarden Ltd. has one operational subsidiary company (Stourgarden Farms Ltd.), and reports consolidated group accounts and, therefore, is required to disclose energy and carbon data for any and all qualifying entities within the corporate group. Stourgarden Ltd. is the only entity to qualify as a large organisation.

Organisational Boundaries

GHG emissions have been assessed using the ‘financial control’ approach, meaning that the Company reports on emissions resulting from its operations, within its direct or indirect financial control.

Reporting Period

The reporting period for this assessment is the Company’s financial year (1st August 2024 to 31st July 2025).

Base Year Comparison

As this is the sixth year in which Stourgarden has qualified for SECR, the 2019-20 reporting period will form the baseline year and will be used for comparison.

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

Data Completeness and Verification

Stourgarden Ltd provided invoices and other forms of evidence for electricity, natural gas, diesel, propane, company fleet and grey fleet mileage records, which have been reviewed and verified. Some estimation of data has been necessary for electricity and gas consumption. Company fleet mileage readings and fuel consumption data has been taken for all vehicles from fuel card invoices. Grey fleet mileage has been taken from the Company’s expense reports.

Quantification Methodology

This assessment is produced in line with UK Government Environmental Reporting Guidelines: Including Streamlined Energy and Carbon Reporting Guidance (March 2019) in conjunction with UK Government GHG Conversion Factors for Company Reporting 2025.

Operational Scopes

GHG emissions are categorised into Scopes:

Scope 1: Direct emissions resulting from the primary combustion of fuels in organisation-controlled premises, vehicles and plant. Where present, Scope 1 emissions are required to be reported.

Scope 2: Indirect emissions resulting from the consumption of purchased electricity that has been generated off-site and supplied by the national grid. It is also mandatory to report Scope 2 emissions.

Scope 3: Indirect emissions associated with the consequences of the activities of the organisation but controlled by an entity outside of the corporate structure. Scope 3 emissions are voluntarily reported by organisations who wish to assess the wider impact of their business operations. Reporting of employee mileage, whilst a Scope 3 source, is mandatory under SECR guidance.

Inclusions

GHG emissions have been calculated for all mandatory Scopes 1 and 2 sources (plus Scope 3 employee mileage) in line with UK Environmental Reporting Guidance and included the following sources:

Scope 1 - Direct Combustible Fuels

- Natural Gas: Gas is currently consumed on-site for space and water heating.

- Propane: Propane is consumed at Company-owned sites to fuel forklift trucks.

- Company Vehicles: The Company operates a fleet of vehicles.

Scope 2 - Indirect Combustible Fuels

- Purchased Electricity: The Company currently has three electricity supplies which provide mains electricity to the site.

Scope 3 - Indirect Emissions

- Business Mileage: Business travel is also conducted by employees in their personal vehicles, for which they are compensated via an expense system.

Exclusions

The following sources are excluded due to them being outside of the scope of SECR:

- Energy Consumed Outside the UK: Where relevant, energy from outside the UK is excluded in line with SECR guidance, this includes international travel which does not start or end in the UK.

- Transportation of Goods: Emissions associated with the transportation of goods where the service is subcontracted to a third party.

- Electricity Transmission and Distribution (T&D): Emissions associated with T&D of electricity as this is not considered an area which the company can actively manage or influence.

- Employee Commuting: As employee commuting is not considered a direct source of emissions that the Company can control and/or accurately measure; it is therefore excluded from this assessment.

- Home Working: Whilst provisions for home working may have been implemented, the associated emissions are not considered to be under the control of the Company and are impractical to measure.

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

- Public Transport: Emissions associated with public transport travel for business (e.g., trains, bus, taxis, and flights).

- Hotels: Emissions associated with overnight accommodation for business purposes.

- Water Consumption: Emissions associated with the supply and treatment of water.

- Waste: Waste and recycling generated as a result of the Company’s operations.

- Supply Chain: No other Scope 3 supply chain emissions (upstream or downstream) have been included.

Buildings Summary

The table below sets out all active sites and energy sources under the control of Stourgarden Ltd.

Table 1: Summary of Operational Sites and Associated Energy Sources

Site |  | Building Names |  | Electricity |  | Gas |

Great Horkesley |  | Grader |  | Yes |  | Yes |

| Pack House |  | Yes |  | Yes |

| Prep |  | Yes |  | Yes |

Propane

Stourgarden Ltd purchases bottles of propane gas in order to fuel the fleets of forklift trucks at their Site. These purchases are made on an ad-hoc basis, with empty bottles returned to the supplier as new bottles are delivered.

Diesel

Stourgarden Ltd purchases diesel fuel in order to fuel Site-based vehicles. These purchases are made on an ad-hoc basis. Fuel consumption data was provided for 1st August 2024 to 31st January 2025, therefore this data has been pro-rated for a full 12-month period.

Vehicle Fleet Summary

Stourgarden Ltd operated a fleet of company-owned vehicles over the period, Fuel purchase data has been provided for the fleet, containing data regarding fuel type, cost and quantity.

Grey Fleet Mileage

Records of business mileage conducted in personal vehicles have been provided by Stourgarden Ltd during the 2024-25 financial year period.

Results

Summary

GHG emissions associated with the Stourgarden Ltd’s operations during the financial year ending 31st July 2025 have been calculated. Table 2 summaries total operational emissions by Scope and compares performance against the baseline year (2019-20) and the previous reporting year (2023-24). The following sections assess each emissions source in greater detail. Please note that some totals shown in tables may not add-up directly due to rounding.

Table 2: Summary GHG Emissions Results

| Emission Source |  | Units |  | Baseline |  | Last Year |  | Report Year |

| 19/20 |  | 23/24 |  | 24/25 |

Scope 1 |  | Gaseous Fuel |  | Emissions (tCO2e) |  | 47.5 |  | 11.2 |  | 27.1 |

| Liquid Fuel |  | Emissions (tCO2e) |  | 635.3 |  | 627.1 |  | 641.7 |

| Company Fleet |  | Emissions (tCO2e) |  | 228.5 |  | 385.7 |  | 367.4 |

Scope 2 |  | Purchased electricity |  | Emissions (tCO2e) |  | 715.4 |  | 594.5 |  | 531.2 |

| Generated electricity |  | Emissions (tCO2e) |  | 0 |  | 0 |  | 0 |

Scope 3 |  | Grey Fleet |  | Emissions (tCO2e) |  | 4.3 |  | 2.4 |  | 1.2 |

TOTAL EMISSIONS |  | Emissions (tCO2e) |  | 1,631.0 |  | 1,620.8 |  | 1,568.5 |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

| Emission Source |  | Units |  | Baseline |  | Last Year |  | Report Year |

| 19/20 |  | 23/24 |  | 24/25 |

Scope 1 |  | Gaseous Fuel |  | Emissions (kWh ) |  | 224,344 |  | 55,003 |  | 143,083 |

| Liquid Fuel |  | Emissions (kWh ) |  | 2,640,768 |  | 2,623,546 |  | 2,628,538 |

| Company Fleet |  | Emissions (kWh ) |  | 950,797 |  | 1,616,007 |  | 1,504,799 |

Scope 2 |  | Purchased electricity |  | Emissions (kWh ) |  | 3,068,455 |  | 2,871,144 |  | 3,001,157 |

| Generated electricity |  | Emissions (kWh ) |  | 51,161 |  | 38,820 |  | 964,790 |

Scope 3 |  | Grey Fleet |  | Emissions (kWh ) |  | 17,215 |  | 10,039 |  | 4,920 |

TOTAL EMISSIONS |  | Emissions (kWh ) |  | 6,952,729 |  | 7,214,559 |  | 8,247,287 |

Scope 1 emissions account for 66% of GHG emissions, whilst Scope 2 and Scope 3 emissions are responsible for 34% and less than 1%, respectively. As 24% of site electricity is generated via solar photovoltaic (PV) panels on-site, approximately 170.8 tCO2e scope 2 emissions have been avoided, should the Company have purchased the same quantity of electricity from their utility provider in the absence of the solar PV on-site.

Gaseous Fuel

The table below summarises Scope 1 emissions associated with the direct combustion of gaseous fuel within business premises for the last financial year. Conversion factors for natural gas and propane have been used from UK Government GHG Conversion Factors for Company Reporting for 2025.

Table 3: Gaseous Fuel Consumption

Fuel |  | 19/20 |  |  | 23/24 |  |  | 24/25 |  |

| Litres |  | tCO2e |  | Litres |  | tCO2e |  | Litres |  | tCO2e |  |

Natural Gas |  | - |  | - |  | - |  | - |  | 9,999 |  | 20.7 |  |

Propane |  | - |  | - |  | - |  | - |  | 4,180 |  | 6.5 |  |

Total |  | - |  | 47.5 |  | - |  | 11.2 |  | 14,179 |  | 27.1 |  |

Gaseous fuels are used on-site for heating, hot water and forklift fuel. Gaseous fuel-related energy and GHG emissions for the 2024-25 reporting period was calculated to be 14,179 litres (9,999 litres of gas and 4,180 litres of propane) and 27.1 tCO2e. This is a reduction in emissions of 43%. Stourgarden were unable to provide gaseous fuel quantities for the previous financial years.

Liquid Fuel

The table below summarises Scope 1 emissions associated with the direct combustion of liquid fuel within business premises for the last financial year. The conversion factor for diesel has been used from UK Government GHG Conversion Factors for Company Reporting for 2025.

Table 4: Liquid Fuel Consumption

Fuel |  | 19/20 |  |  | 23/24 |  |  | 24/25 |  |

| Litres |  | tCO2e |  | Litres |  | tCO2e |  | Litres |  | tCO2e |  |

Diesel |  | - |  | 635.3 |  | - |  | 627.1 |  | 249,600 |  | 641.7 |  |

Liquid fuels are used on-site for vehicle fuel. Liquid fuel-related energy and GHG emissions for the 2024-25 reporting period was calculated to be 249,600 litres and 641.78 tCO2e. This is an increase in emissions of 2%. Stourgarden were unable to provide liquid fuel quantities for the previous financial years.

Company Vehicles

The table below summarises Scope 1 emissions associated with business travel in company owned and managed vehicles. Conversion factors are taken from the relevant version of UK Government GHG Conversion Factors for Company Reporting for 2025.

Table 5: Company Vehicle Consumption and Emissions

Fuel |  | 19/20 |  |  | 23/24 |  |  | 24/25 |  |

| Litres |  | tCO2e |  | Litres |  | tCO2e |  | Litres |  | tCO2e |  |

Diesel |  | - |  | 228.5 |  | - |  | 385.7 |  | 142,892 |  | 367.4 |  |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

Company-owned vehicle related consumption and GHG emissions for the Company were calculated to be 142,892 litres and 367.4 tCO2e, respectively, during the reporting period, with diesel fuel being responsible for all fleet emissions. This is an increase in emissions of 61% since the baseline year. Stourgarden were unable to provide company fuel quantities for the previous financial years.

Currently, all of Stourgarden’s vehicles are fuelled by diesel. Should Stourgarden be able to electrify all company vehicles, this would save an estimated 367.4 tCO2e per year, where cars are charged using certified renewable energy at Stourgarden's Site, if transitioned onto a renewable energy tariff.

Electricity

The table below summarises Scope 2 emissions associated with the purchase of electricity from the national grid. Conversion factors are taken from the relevant version of UK Government GHG Conversion Factors for Company Reporting for 2025.

Table 6: Electricity Consumption

Site |  | 19/20 |  |  | 23/24 |  |  | 24/25 |  |

| kWh |  | tCO2e |  | kWh |  | tCO2e |  | kWh |  | tCO2e |  | kWh % BL |

Purchased - Grader |  | 3,068,455 |  | 715.4 |  | 2,909,964 |  | 594.5 |  | 496,416 |  | 87.9 |  | +2% |

Purchased - Pack House |  |  | 1,394,118 |  | 246.8 |  |

Purchased - Prep |  |  | 1,110,623 |  | 196.6 |  |

Generated Electricity |  | 51,161 |  | 0.0 |  | 38,820 |  | 0.0 |  | 964,790 |  | 0.0 |  | +1,786% |

Total |  | 3,119,616 |  | 715.4 |  | 2,948,784 |  | 594.5 |  | 3,965,947 |  | 531.2 |  | +27% |

Electricity-related energy and GHG emissions for Stourgarden were calculated to be 3,965,947 kWh and 531.2 tCO2e, respectively, during the reporting period. This is an increase in site energy consumption of 27% since the baseline year, however emissions have reduced by 26% over the same period. Stourgarden were unable to provide electricity meter splits for the three buildings for the previous financial years.

Grey Fleet

The table below summarises Scope 3 emissions associated with business travel in employee owned and managed cars. Conversion factors are taken from the relevant version of UK Government GHG Conversion Factors for Company Reporting for 2025.

Table 7: Grey Fleet Mileage and Emissions

Grey Fuel |  | 19/20 |  |  | 23/24 |  |  | 24/25 |  |

| Miles |  | tCO2e |  | Miles |  | tCO2e |  | Miles |  | tCO2e |  |

Personal Vehicles |  | - |  | 4.3 |  | - |  | 2.4 |  | 4,446 |  | 1.2 |  |

Business travel conducted in employee-owned vehicles was calculated to be 4,446 miles and 1.2 tCO2e, respectively, during the reporting period. This is a reduction in emissions of 72% since the baseline. Stourgarden were unable to provide mileage figures for the previous financial years.

Renewable Energy Procurement

Stourgarden currently operate a solar photovoltaic panel system on-site. During the 2024-25 reporting year, this system generated 964,790 kWh of renewable energy, negating the need to purchase additional energy from the National Grid. If the Company were to have procured this energy from their utility provider Scope 2 emissions would have risen by 170.8 tCO2e.

Stourgarden does not currently procure energy from renewable sources backed by Renewable Energy Guarantee of Origin (REGOs) or equivalent at their site.

Carbon Avoidance and Removals

No verified carbon credits (such as renewable energy projects, Woodland Carbon etc.) have been purchased by the Company which can be used to report carbon avoidance or removals.

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

Carbon Intensity Ratios

The table below sets out carbon performance indicators for different areas of business operations, as well as overall intensity metrics for Stourgarden Ltd. All carbon intensity ratios have been calculated using the market-based emissions.

Floor Area - As Stourgarden’s business operations are largely conducted from operational site, kgCO2e per square metre of floor area is best indicator of carbon efficiency across the estate. Transport emissions have been excluded from this calculation. The total floor area of the site is 12,505m2.

Number of Employees - Overall performance of the company is assessed using a carbon intensity ratio of tCO2e per employee. This calculation includes all emissions sources. During the financial year 2024-25 the Company reported an average of 385 employees.

Revenue - Performance is also assessed using a carbon intensity ratio of tCO2e per £million turnover. This calculation includes all emissions sources. For the reporting period, Stourgarden had an annual turnover of approximately £95m.

Production - As Stourgarden’s main business activity is the packaging of onions, kgCO2e per tonnage of packed product has been calculated. This calculation includes all emissions sources. For the reporting period, Stourgarden packed a total of 116,549 tonnes.

Table 8: Carbon Intensity Ratios

Carbon Intensity Ratio |  | 19-20 |  | 23-24 |  | 24-25 |  | % From BL |

Absolute Emissions (tCO2e) |  | 1,631.0 |  | 1,620.8 |  | 1,568.5 |  | -3% |

Floor Area (kgCO2e per m2) |  | 111.8 |  | 98.6 |  | 96.0 |  | -14% |

Employees (tCO2e per employee) |  | 6.0 |  | 4.5 |  | 3.9 |  | -34% |

Turnover (tCO2e per £m revenue) |  | 35.0 |  | 16.9 |  | 16.5 |  | -53% |

Tonnage (kgCO2e per m2) |  | 14.9 |  | 10.7 |  | 13.5 |  | -10% |

SECR Compliance Statement

Our energy and carbon calculations have been conducted in accordance with the UK Government’s Reporting Guidelines for Company Report. Data has been reviewed and verified by a third-party (Adler & Allan). GHG calculations have been performed using the Greenhouse Gas Protocol Corporate Reporting Standards (GHG Protocol) and ISO14064-1:2018 Greenhouse Gases - Part 1: Specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals. All emissions calculations use up to date GHG Conversion Factors for Company Report (DESNZ) and are reported as carbon dioxide equivalent (CO2e), accounting for all major greenhouse gases.

The table below sets out total energy consumption and resulting GHG emissions by scope arising from business operations.

Table 9: Summary GHG Emissions Results

Scope 1 Emissions (tCO2e) |  | 19/20 |  |  | 23/24 |  |  | 24/25 |  |  | kWh % From 23-24 |

| kWh |  | tCO2e |  | kWh |  | tCO2e |  | kWh |  | tCO2e |  |

Gaseous Fuel |  | 224,334 |  | 47.5 |  | 55,003 |  | 11.2 |  | 143,083 |  | 27.1 |  | +160% |

Liquid Fuel |  | 2,640,768 |  | 635.3 |  | 2,623,546 |  | 627.1 |  | 2,628,538 |  | 641.7 |  | -<1% |

Company Fleet |  | 950,797 |  | 228.5 |  | 1,616,008 |  | 385.7 |  | 1,504,799 |  | 367.4 |  | -7% |

Scope 2 Emissions (tCO2e) |  |

Purchased Electricity |  | 3,068,455 |  | 715.4 |  | 2,871,144 |  | 594.5 |  | 3,001,157 |  | 531.2 |  | +5% |

Generated Electricity |  | 51,161 |  | 0.0 |  | 38,820 |  | 0.0 |  | 964,790 |  | 0.00 |  | +2,385 % |

Scope 3 Emissions (tCO2e) |  |

Grey Fleet Mileage |  | 17,215 |  | 4.3 |  | 10,039 |  | 2.4 |  | 4,920 |  | 1.2 |  | -51% |

Total Emissions (tCO2e) |  |

Total Emissions |  | 6,952,729 |  | 1,631 |  | 7,214,559 |  | 1,620.8 |  | 8,247,287 |  | 1,568.5 |  | +14% |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

Carbon Intensity Ratios |  | 19/20 |  | 23/24 |  | 24/25 |  | % From 23-24 |

Floor Area (kgCO2e per m2) |  | 111.8 |  | 98.6 |  | 96.0 |  | -3% |

Employees (tCO2e per emp.) |  | 6.0 |  | 4.5 |  | 3.9 |  | -13% |

Turnover (tCO2e per £m rev.) |  | 35.0 |  | 16.9 |  | 16.5 |  | -2% |

Tonnage (kgCO2e per tonne) |  | 14.9 |  | 10.7 |  | 13.5 |  | +26% |

Stourgarden Ltd. is committed to sourcing, packing and delivering the highest level of produce across the UK, whilst also reducing its environmental impact.

In the last 12 months, the organisation has continued to review its facilities and progress its on-going energy efficiency programme to both improve the quality of service and to incorporate energy saving measures. We have also installed additional solar PV panels at our site which utilises solar energy to produce our own electricity, thus reducing our environmental impact.

In the future, we will continue to explore ways to save energy and natural resources, including the possibility of electric Vehicles within our fleet, as well as low carbon heating systems at our sites.

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen in accordance with section 414C (11) of the Companies Act 2006 (Strategic Report and Directors Report) Regulations 2013 to set out in the company's strategic report information required by schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

J L Litherland - Secretary

24 March 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

STOURGARDEN LIMITED

Opinion

We have audited the financial statements of Stourgarden Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 26 July 2025 which comprise the Consolidated Income Statement, Consolidated Statement of Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 26 July 2025 and of the group's profit for the period then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

STOURGARDEN LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page ten, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

STOURGARDEN LIMITED

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, employment and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation; and

- enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

STOURGARDEN LIMITED

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Luke Mitchell FCA (Senior Statutory Auditor)

for and on behalf of Lambert Chapman LLP

3 Warners Mill

Silks Way

Braintree

Essex

CM7 3GB

24 March 2026

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

CONSOLIDATED

INCOME STATEMENT

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

| Period |  | Period

| 28.7.24 |  | 30.7.23

| to |  | to

| 26.7.25 |  | 27.7.24

| Notes | £ | £ |

TURNOVER | 4 | 95,428,810 |  | 95,932,061 |  |

Cost of sales | 81,807,164 |  | 82,408,545 |  |

GROSS PROFIT | 13,621,646 |  | 13,523,516 |  |

Administrative expenses | 10,636,774 |  | 11,802,879 |  |

2,984,872 |  | 1,720,637 |  |

Other operating income | 120,139 |  | 122,350 |  |

Gain/loss on revaluation of investment property | - |  | 497,665 |  |

GROUP OPERATING PROFIT | 6 | 3,105,011 |  | 2,340,652 |  |

Share of operating profit in

Associates | 3,370 |  | - |  |

Interest receivable and similar income | 158,743 |  | 178,015 |  |

3,267,124 |  | 2,518,667 |  |

Interest payable and similar expenses | 7 | 52,517 |  | - |  |

PROFIT BEFORE TAXATION | 3,214,607 |  | 2,518,667 |  |

Tax on profit | 8 | 828,737 |  | 468,412 |  |

PROFIT FOR THE FINANCIAL PERIOD | 2,385,870 |  | 2,050,255 |  |

Profit attributable to:

Owners of the parent | 2,385,870 |  | 2,050,255 |  |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

CONSOLIDATED

STATEMENT OF OTHER

COMPREHENSIVE INCOME

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

| Period |  | Period

| 28.7.24 |  | 30.7.23

| to |  | to

| 26.7.25 |  | 27.7.24

| Notes | £ | £ |

PROFIT FOR THE PERIOD | 2,385,870 |  | 2,050,255 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | 2,385,870 |  | 2,050,255 |  |

Total comprehensive income attributable to:

Owners of the parent | 2,385,870 |  | 2,050,255 |  |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

CONSOLIDATED BALANCE SHEET

26 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 18,541,923 |  | 5,811,517 |  |

Investments | 11 |

| Interest in associate | 3,390 |  | 20 |  |

| Other investments | 100 |  | 100 |  |

Investment property | 12 | 2,952,829 |  | 2,480,000 |  |

21,498,242 |  | 8,291,637 |  |

CURRENT ASSETS

Stocks | 13 | 2,457,759 |  | 2,318,342 |  |

Debtors | 14 | 15,576,415 |  | 16,762,453 |  |

Cash at bank | 3,183,246 |  | 2,163,723 |  |

21,217,420 |  | 21,244,518 |  |

CREDITORS

Amounts falling due within one year | 15 | 12,700,887 |  | 9,323,040 |  |

NET CURRENT ASSETS | 8,516,533 |  | 11,921,478 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 30,014,775 |  | 20,213,115 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (6,684,378 | ) | - |  |

PROVISIONS FOR LIABILITIES | 18 | (1,369,669 | ) | (547,844 | ) |

ACCRUALS AND DEFERRED INCOME | 19 | (263,705 | ) | (354,118 | ) |

NET ASSETS | 21,697,023 |  | 19,311,153 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 200 |  | 200 |  |

Share premium | 21 | 49,800 |  | 49,800 |  |

Retained earnings | 21 | 21,647,023 |  | 19,261,153 |  |

SHAREHOLDERS' FUNDS | 21,697,023 |  | 19,311,153 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2026 and were signed on its behalf by:

W H Rix - Director

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

COMPANY BALANCE SHEET

26 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 18,541,924 |  | 5,811,518 |  |

Investments | 11 | 2,000,121 |  | 2,000,121 |  |

Investment property | 12 | 472,829 |  | - |  |

21,014,874 |  | 7,811,639 |  |

CURRENT ASSETS

Stocks | 13 | 2,457,759 |  | 2,318,342 |  |

Debtors | 14 | 15,561,731 |  | 16,755,168 |  |

Cash at bank | 2,920,882 |  | 1,923,583 |  |

20,940,372 |  | 20,997,093 |  |

CREDITORS

Amounts falling due within one year | 15 | 12,693,975 |  | 9,323,040 |  |

NET CURRENT ASSETS | 8,246,397 |  | 11,674,053 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 29,261,271 |  | 19,485,692 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (6,684,378 | ) | - |  |

PROVISIONS FOR LIABILITIES | 18 | (946,804 | ) | (124,979 | ) |

ACCRUALS AND DEFERRED INCOME | 19 | (263,705 | ) | (354,118 | ) |

NET ASSETS | 21,366,384 |  | 19,006,595 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 200 |  | 200 |  |

Share premium | 21 | 49,800 |  | 49,800 |  |

Retained earnings | 21 | 21,316,384 |  | 18,956,595 |  |

SHAREHOLDERS' FUNDS | 21,366,384 |  | 19,006,595 |  |

Company's profit for the financial year | 2,359,789 |  | 1,951,396 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2026 and were signed on its behalf by:

W H Rix - Director

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 30 July 2023 | 200 |  | 17,210,898 |  | 49,800 |  | 17,260,898 |  |

Changes in equity

Total comprehensive income | - |  | 2,050,255 |  | - |  | 2,050,255 |  |

Balance at 27 July 2024 | 200 |  | 19,261,153 |  | 49,800 |  | 19,311,153 |  |

Changes in equity

Total comprehensive income | - |  | 2,385,870 |  | - |  | 2,385,870 |  |

Balance at 26 July 2025 | 200 |  | 21,647,023 |  | 49,800 |  | 21,697,023 |  |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 30 July 2023 | 200 |  | 17,005,199 |  | 49,800 |  | 17,055,199 |  |

Changes in equity

Total comprehensive income | - |  | 1,951,396 |  | - |  | 1,951,396 |  |

Balance at 27 July 2024 | 200 |  | 18,956,595 |  | 49,800 |  | 19,006,595 |  |

Changes in equity

Total comprehensive income | - |  | 2,359,789 |  | - |  | 2,359,789 |  |

Balance at 26 July 2025 | 200 |  | 21,316,384 |  | 49,800 |  | 21,366,384 |  |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

CONSOLIDATED CASH FLOW STATEMENT

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

| Period |  | Period

| 28.7.24 |  | 30.7.23

| to |  | to

| 26.7.25 |  | 27.7.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 15,333,365 |  | 129,988 |  |

Interest paid | (52,517 | ) | - |  |

Tax paid | 396,523 |  | (541,066 | ) |

Net cash from operating activities | 15,677,371 |  | (411,078 | ) |

Cash flows from investing activities

Purchase of tangible fixed assets | (14,872,400 | ) | (1,199,676 | ) |

Purchase of fixed asset investments | - |  | (20 | ) |

Sale of tangible fixed assets | 55,809 |  | 128,500 |  |

Interest received | 158,743 |  | 178,015 |  |

Net cash from investing activities | (14,657,848 | ) | (893,181 | ) |

Increase/(decrease) in cash and cash equivalents | 1,019,523 |  | (1,304,259 | ) |

Cash and cash equivalents at beginning of period | 2 | 2,163,723 |  | 3,467,982 |  |

Cash and cash equivalents at end of period | 2 | 3,183,246 |  | 2,163,723 |  |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| Period |  | Period

| 28.7.24 |  | 30.7.23

| to |  | to

| 26.7.25 |  | 27.7.24

£ | £ |

| Profit before taxation | 3,214,607 |  | 2,518,667 |  |

| Depreciation charges | 1,612,243 |  | 1,503,015 |  |

| Loss/(profit) on disposal of fixed assets | 1,115 |  | (74,551 | ) |

| Gain on revaluation of fixed assets | - |  | (497,665 | ) |

| Share of profit in associate | (3,370 | ) | - |  |

| Government grants | (90,413 | ) | (90,413 | ) |

| Finance costs | 52,517 |  | - |  |

| Finance income | (158,743 | ) | (178,015 | ) |

4,627,956 |  | 3,181,038 |  |

| Increase in stocks | (139,417 | ) | (697,234 | ) |

| Decrease/(increase) in trade and other debtors | 789,515 |  | (5,056,549 | ) |

| Increase in trade and other creditors | 10,055,311 |  | 2,702,733 |  |

| Cash generated from operations | 15,333,365 |  | 129,988 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Period ended 26 July 2025

| 26.7.25 |  | 28.7.24

£ | £ |

| Cash and cash equivalents | 3,183,246 |  | 2,163,723 |  |

| Period ended 27 July 2024

| 27.7.24 |  | 30.7.23

£ | £ |

| Cash and cash equivalents | 2,163,723 |  | 3,467,982 |  |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 28.7.24 | Cash flow | At 26.7.25

£ | £ | £ |

| Net cash |

| Cash at bank | 2,163,723 |  | 1,019,523 |  | 3,183,246 |  |

2,163,723 |  | 1,019,523 |  | 3,183,246 |  |

| Debt

| Debts falling due within 1 year | - |  | (500,000 | ) | (500,000 | ) |

| Debts falling due after 1 year | - |  | (2,052,517 | ) | (2,052,517 | ) |

- |  | (2,552,517 | ) | (2,552,517 | ) |

| Total | 2,163,723 |  | (1,532,994 | ) | 630,729 |  |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

1. | STATUTORY INFORMATION

| Stourgarden Limited is a private company, limited by shares, registered and incorporated in England and Wales. The company's registered number and registered office address can be found on the General Information page.

2. | COMPLIANCE WITH ACCOUNTING STANDARDS

| The Accounts have been prepared in accordance with applicable accounting standards. There were no material departures from those standards.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the 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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

| These financial statements do not include a cashflow statement for the parent only as the relevant exemptions for qualifying entities in s1.12(b) of FRS 102 have been applied.

| The Company's functional and presentational currency is Pound Sterling. The financial statements are rounded to the nearest Pound.

| Basis of consolidation

| The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertaking. Investments in associates and jointly controlled entities are accounted for using the equity method of accounting.

| Significant judgements and estimates

| In applying the Group's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

| The estimates and underlying assumptions are reviewed on an on-going 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.

| The directors do not believe that there have been judgements made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements. Furthermore, the directors consider that there are no areas of estimation uncertainty at the balance sheet date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year.

| Turnover

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

| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods.

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

3. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

| Freehold and leasehold property | - | 5% on cost

| Plant and machinery | - | at varying rates on cost

| Fixtures and fittings | - | 25% on cost

| Motor vehicles | - | 25% on cost

| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is calculated on a straight line basis. Assets are not depreciated until they are brought into use. Gains and losses on disposal are calculated as the difference between any net disposal proceeds and the carrying value of the item.

| Government grants

| Government grants are recognised as deferred income in the financial statements and are released to profit and loss over the useful life of the asset to which they relate. During the year, the Group has recognised grants relating to Innovate UK projects.

| Investment property

| Investment property is measured initially at cost, including transaction costs. Subsequent to initial recognition, investment property is stated at fair value, which reflects market conditions at the reporting date. Gains or losses arising from changes in the fair value are included in profit or loss in the period in which they arise. Fair value is measured by reference to recent similar transactions involving properties of a similar nature, location and condition in the current market.

| Stocks

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

| Cost includes all costs of purchase and costs incurred in bringing stock to its present location and condition.

| Financial instruments

| The Group has chosen to adopt Sections 11 of FRS 102 in respect of financial instruments.

| Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price. Such assets are subsequently carried at amortised cost using the effective interest method.

| Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price.The Group's investments in equity instruments are not publicly traded, and therefore such assets are subsequently measured at cost less impairment.

| Basic financial liabilities, including trade and other payables, are initially recognised at transaction price. Debt instruments are subsequently carried at amortised cost, using the effective interest method.

| Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated 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.

| All provisions take into account factors that may affect future tax charges such as future changes in corporation tax rates.

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

| Going concern

| The financial statements have been prepared on the going concern basis, in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom. In considering the going concern basis of accounting, the directors have considered the cash flow requirements of the Group. The directors are confident that the Group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Investments in subsidiaries, associates and joint ventures

| Investments in subsidiary undertakings are recognised at cost.

| Investments in associates and joint ventures are initially recognised at transaction price (including transaction costs) and subsequently adjusted to reflect the share of the profit or loss, other comprehensive income and equity of the associate.

| Share capital

| Ordinary shares are classified as equity.

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

4. | TURNOVER

| The whole of the turnover is attributable to the principal activity of the group wholly undertaken in the United

| Kingdom.

5. | EMPLOYEES AND DIRECTORS

| Period |  | Period

| 28.7.24 |  | 30.7.23

| to |  | to

| 26.7.25 |  | 27.7.24

£ | £ |

| Wages and salaries | 14,113,269 |  | 12,674,342 |  |

| Social security costs | 1,442,537 |  | 1,169,732 |  |

| Other pension costs | 319,691 |  | 257,729 |  |

15,875,497 |  | 14,101,803 |  |

| The average number of employees during the period was as follows:

| Period |  | Period

| 28.7.24 |  | 30.7.23

| to |  | to

| 26.7.25 |  | 27.7.24

| Management & administration | 28 |  | 28 |  |

| Production | 357 |  | 334 |  |

385 |  | 362 |  |

| The average number of employees by undertakings that were proportionately consolidated during the period was 2 (2024 - 2 ) .

| During the year total directors' remuneration including benefits in kind amounted to £390,946 (2024 £393,204)

| Period |  | Period

| 28.7.24 |  | 30.7.23

| to |  | to

| 26.7.25 |  | 27.7.24

£ | £ |

| Directors' remuneration | 341,218 |  | 326,829 |  |

| Information regarding the highest paid director is as follows:

| Period |  | Period

| 28.7.24 |  | 30.7.23

| to |  | to

| 26.7.25 |  | 27.7.24

£ | £ |

| Emoluments etc | 94,777 |  | 91,316 |  |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

6. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| Period |  | Period

| 28.7.24 |  | 30.7.23

| to |  | to

| 26.7.25 |  | 27.7.24

£ | £ |

| Other operating leases | 349,530 |  | 311,181 |  |

| Depreciation - owned assets | 1,612,241 |  | 1,503,015 |  |

| Loss/(profit) on disposal of fixed assets | 1,115 |  | (74,551 | ) |

| Auditors' remuneration

| - for audit services | 30,002 |  | 24,063 |  |

| Auditors' remuneration for non audit work | - |  | 2,500 |  |

| Further disclosure in an operating lease note is not provided as other operating leases are not subject to a formal lease agreement.

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| Period |  | Period

| 28.7.24 |  | 30.7.23

| to |  | to

| 26.7.25 |  | 27.7.24

£ | £ |

| Other interest | 52,517 |  | - |  |

8. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the period was as follows:

| Period |  | Period

| 28.7.24 |  | 30.7.23

| to |  | to

| 26.7.25 |  | 27.7.24

£ | £ |

| Current tax:

| UK corporation tax | 6,912 |  | 439,153 |  |

| Deferred tax | 821,825 |  | 29,259 |  |

| Tax on profit | 828,737 |  | 468,412 |  |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

8. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| Period |  | Period

| 28.7.24 |  | 30.7.23

| to |  | to

| 26.7.25 |  | 27.7.24

£ | £ |

| Profit before tax | 3,214,607 |  | 2,518,667 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 803,652 |  | 629,667 |  |

| Effects of:

| Expenses not deductible for tax purposes | 18,941 |  | 7,779 |  |

| Capital allowances in excess of depreciation | (1,892,451 | ) | (808,136 | ) |

| Movement in deferred tax | 821,825 |  | 29,259 |  |

| Adjustments to tax charge in respect of previous periods | - |  | 431,754 |  |

| Effect of marginal relief | (493 | ) | (466 | ) |

| Revaluation of investment properties | - |  | (124,416 | ) |

| Tax losses | 1,078,106 |  | 302,971 |  |

| Share of profit in associate | (843 | ) | - |  |

| Total tax charge | 828,737 |  | 468,412 |  |

| The amount of the net reversal of deferred tax assets and deferred tax liabilities expected to occur during the year beginning after the reporting period is £1,376,955 (2024 - £302,971).

9. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

| The parent company had a profit after tax of £2,359,789 in the year.

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

10. | TANGIBLE FIXED ASSETS

| Group

| Freehold |

| Assets |  | and |

| under |  | leasehold |  | Plant and

| construction |  | property |  | machinery

£ | £ | £ |

| COST

| At 28 July 2024 | - |  | 2,572,260 |  | 14,045,985 |  |

| Additions | 5,931,861 |  | 36,897 |  | 8,613,146 |  |

| Disposals | - |  | - |  | (106,332 | ) |

| Reclassification/transfer | - |  | (472,829 | ) | - |  |

| At 26 July 2025 | 5,931,861 |  | 2,136,328 |  | 22,552,799 |  |

| DEPRECIATION

| At 28 July 2024 | - |  | 655,111 |  | 10,469,960 |  |

| Charge for period | - |  | 110,667 |  | 1,368,775 |  |

| Eliminated on disposal | - |  | - |  | (88,342 | ) |

| At 26 July 2025 | - |  | 765,778 |  | 11,750,393 |  |

| NET BOOK VALUE

| At 26 July 2025 | 5,931,861 |  | 1,370,550 |  | 10,802,406 |  |

| At 27 July 2024 | - |  | 1,917,149 |  | 3,576,025 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 28 July 2024 | 264,081 |  | 426,018 |  | 17,308,344 |  |

| Additions | 47,101 |  | 243,395 |  | 14,872,400 |  |

| Disposals | (46,077 | ) | (38,934 | ) | (191,343 | ) |

| Reclassification/transfer | - |  | - |  | (472,829 | ) |

| At 26 July 2025 | 265,105 |  | 630,479 |  | 31,516,572 |  |

| DEPRECIATION

| At 28 July 2024 | 247,653 |  | 124,103 |  | 11,496,827 |  |

| Charge for period | 12,268 |  | 120,531 |  | 1,612,241 |  |

| Eliminated on disposal | (46,077 | ) | - |  | (134,419 | ) |

| At 26 July 2025 | 213,844 |  | 244,634 |  | 12,974,649 |  |

| NET BOOK VALUE

| At 26 July 2025 | 51,261 |  | 385,845 |  | 18,541,923 |  |

| At 27 July 2024 | 16,428 |  | 301,915 |  | 5,811,517 |  |

| Included within freehold and leasehold property was £472,829 (2024: £445,213) relating to freehold property. This was subsequently reclassified to investment property upon the commencement of the property being rented.

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

10. | TANGIBLE FIXED ASSETS - continued

| Company

| Freehold |

| Assets |  | and |

| under |  | leasehold |  | Plant and

| construction |  | property |  | machinery

£ | £ | £ |

| COST

| At 28 July 2024 | - |  | 2,572,260 |  | 14,045,985 |  |

| Additions | 5,931,861 |  | 36,897 |  | 8,613,146 |  |

| Disposals | - |  | - |  | (106,332 | ) |

| Reclassification/transfer | - |  | (472,829 | ) | - |  |

| At 26 July 2025 | 5,931,861 |  | 2,136,328 |  | 22,552,799 |  |

| DEPRECIATION

| At 28 July 2024 | - |  | 655,111 |  | 10,469,959 |  |

| Charge for period | - |  | 110,667 |  | 1,368,775 |  |

| Eliminated on disposal | - |  | - |  | (88,342 | ) |

| At 26 July 2025 | - |  | 765,778 |  | 11,750,392 |  |

| NET BOOK VALUE

| At 26 July 2025 | 5,931,861 |  | 1,370,550 |  | 10,802,407 |  |

| At 27 July 2024 | - |  | 1,917,149 |  | 3,576,026 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 28 July 2024 | 264,081 |  | 426,018 |  | 17,308,344 |  |

| Additions | 47,101 |  | 243,395 |  | 14,872,400 |  |

| Disposals | (46,077 | ) | (38,934 | ) | (191,343 | ) |

| Reclassification/transfer | - |  | - |  | (472,829 | ) |

| At 26 July 2025 | 265,105 |  | 630,479 |  | 31,516,572 |  |

| DEPRECIATION

| At 28 July 2024 | 247,653 |  | 124,103 |  | 11,496,826 |  |

| Charge for period | 12,268 |  | 120,531 |  | 1,612,241 |  |

| Eliminated on disposal | (46,077 | ) | - |  | (134,419 | ) |

| At 26 July 2025 | 213,844 |  | 244,634 |  | 12,974,648 |  |

| NET BOOK VALUE

| At 26 July 2025 | 51,261 |  | 385,845 |  | 18,541,924 |  |

| At 27 July 2024 | 16,428 |  | 301,915 |  | 5,811,518 |  |

| Included within freehold and leasehold property was £472,829 (2024: £445,213) relating to freehold property. This was subsequently reclassified to investment property upon the commencement of the property being rented.

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

11. | FIXED ASSET INVESTMENTS

| Group

| Shares in |  | Interest |

| group |  | in |

| undertakings |  | associate |  | Totals

£ | £ | £ |

| COST

| At 28 July 2024 | 100 |  | 20 |  | 120 |  |

| Share of profit/(loss) | - |  | 3,370 |  | 3,370 |  |

| At 26 July 2025 | 100 |  | 3,390 |  | 3,490 |  |

| NET BOOK VALUE

| At 26 July 2025 | 100 |  | 3,390 |  | 3,490 |  |

| At 27 July 2024 | 100 |  | 20 |  | 120 |  |

| Company

| Shares in |  | Interest |

| group |  | in |

| undertakings |  | associate |  | Totals

£ | £ | £ |

| COST

| At 28 July 2024

| and 26 July 2025 | 2,000,101 |  | 20 |  | 2,000,121 |  |

| NET BOOK VALUE

| At 26 July 2025 | 2,000,101 |  | 20 |  | 2,000,121 |  |

| At 27 July 2024 | 2,000,101 |  | 20 |  | 2,000,121 |  |

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiaries

| The Pink Onion Company Limited

| Registered office: United Kingdom

| Nature of business: Dormant

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Stourgarden Farms Limited

| Registered office: United Kingdom

| Nature of business: Farming

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

11. | FIXED ASSET INVESTMENTS - continued

| Joint venture

| Onion Plus (UK) Limited

| Registered office: United Kingdom

| Nature of business: Onion sales

| %

| Class of shares: | holding |

| Ordinary | 50.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 100 |  | 100 |  |

| Associated company

| Infield Innovation Ltd

| Registered office: United Kingdom

| Nature of business: Support activities for crop production

| %

| Class of shares: | holding |

| C Ordinary | 100.00 |

| On 31 March 2024, Stourgarden Ltd subscribed to 20 Ordinary C shares in Infield Innovation Ltd for £20, comprising of 20% of the overall ordinary share capital of the Company. During the first period of trading to 30 November 2024, Infield Innovation Ltd made a profit of £20,852, with retained earnings at the end of the period of £16,582. No significant transactions have taken place in the period between 30 November 2024 and Stourgarden's financial year end.

| Contained within the Other Debtors figure for the Group is a balance of £125,169 relating to a short term loan advanced to Infield Innovation Ltd under normal commercial terms.

| As a qualifying dormant subsidiary, The Pink Onion Company has claimed exemption from the requirement to prepare individual accounts under section 394A of the Companies Act 2006.

| As a qualifying subsidiary, Stourgarden Farms Limited has claimed exemption from audit under section 479A of the Companies Act 2006.

12. | INVESTMENT PROPERTY

| Group

| Total

£ |

| FAIR VALUE

| At 28 July 2024 | 2,480,000 |  |

| Reclassification/transfer | 472,829 |  |

| At 26 July 2025 | 2,952,829 |  |

| NET BOOK VALUE

| At 26 July 2025 | 2,952,829 |  |

| At 27 July 2024 | 2,480,000 |  |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

12. | INVESTMENT PROPERTY - continued

| Group

| The Directors have measured the fair value of the investment property at the balance sheet date in line with the accounting policy adopted, with reference to market value assessments conducted by RICS accredited valuation professionals.

| Fair value at 26 July 2025 is represented by:

£ |

| Valuation in 2006 | 472,847 |  |

| Valuation in 2008 | 468,200 |  |

| Valuation in 2011 | (15,000 | ) |

| Valuation in 2014 | 546,790 |  |

| Valuation in 2024 | 497,665 |  |

| Cost | 982,327 |  |

2,952,829 |  |

| Company

| Total

£ |

| FAIR VALUE

| Reclassification/transfer | 472,829 |  |

| At 26 July 2025 | 472,829 |  |

| NET BOOK VALUE

| At 26 July 2025 | 472,829 |  |

13. | STOCKS

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Raw materials | 1,581,823 |  | 1,479,678 |  | 1,581,823 |  | 1,479,678 |  |

| Packaging materials | 875,936 |  | 838,664 |  | 875,936 |  | 838,664 |  |

2,457,759 |  | 2,318,342 |  | 2,457,759 |  | 2,318,342 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade debtors | 10,058,258 |  | 11,511,601 |  | 10,058,258 |  | 11,511,601 |  |

| Other debtors | 1,382,605 |  | 601,220 |  | 1,382,604 |  | 601,219 |  |

| Corporation tax | - |  | 396,523 |  | - |  | 403,922 |  |

| Deposits, prepayments and

| accrued income | 4,135,552 |  | 4,253,109 |  | 4,120,869 |  | 4,238,426 |  |

15,576,415 |  | 16,762,453 |  | 15,561,731 |  | 16,755,168 |  |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Other loans (see note 17) | 500,000 |  | - |  | 500,000 |  | - |  |

| Trade creditors | 6,471,013 |  | 3,952,910 |  | 6,471,013 |  | 3,952,910 |  |

| Corporation Tax | 6,912 |  | - |  | - |  | - |  |

| Social security and other taxes | 264,975 |  | 208,170 |  | 264,975 |  | 208,170 |  |

| Other creditors | 1,300,000 |  | - |  | 1,300,000 |  | - |  |

| Accrued expenses | 4,067,574 |  | 5,071,547 |  | 4,067,574 |  | 5,071,547 |  |

| Deferred government grants | 90,413 |  | 90,413 |  | 90,413 |  | 90,413 |  |

12,700,887 |  | 9,323,040 |  | 12,693,975 |  | 9,323,040 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Other loans (see note 17) | 2,052,517 |  | - |  | 2,052,517 |  | - |  |

| Other creditors | 4,631,861 |  | - |  | 4,631,861 |  | - |  |

6,684,378 |  | - |  | 6,684,378 |  | - |  |

17. | LOANS

| An analysis of the maturity of loans is given below:

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Amounts falling due within one year or on | demand: |

| Other loans | 500,000 |  | - |  | 500,000 |  | - |  |

| Amounts falling due between one and two | years: |

| Other loans - 1-2 years | 1,000,000 |  | - |  | 1,000,000 |  | - |  |

| Amounts falling due between two and five | years: |

| Other loans - 2-5 years | 1,052,517 |  | - |  | 1,052,517 |  | - |  |

18. | PROVISIONS FOR LIABILITIES

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Deferred tax | 1,369,669 |  | 547,844 |  | 946,804 |  | 124,979 |  |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

18. | PROVISIONS FOR LIABILITIES - continued

| Group

| Deferred |

| tax |

£ |

| Balance at 28 July 2024 | 547,844 |  |

| Accelerated capital allowances | 2,198,780 |  |

| Tax losses carried forward | (1,376,955 | ) |

| Balance at 26 July 2025 | 1,369,669 |  |

| Company

| Deferred |

| tax |

£ |

| Balance at 28 July 2024 | 124,979 |  |

| Accelerated capital allowances | 2,198,780 |  |

| Tax losses carried forward | (1,376,955 | ) |

| Balance at 26 July 2025 | 946,804 |  |

19. | ACCRUALS AND DEFERRED INCOME

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Deferred government grants | 263,705 |  | 354,118 |  | 263,705 |  | 354,118 |  |

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 100 | 'A' Ordinary | £1 | 100 |  | 100 |  |

| 100 | 'B' Ordinary | £1 | 100 |  | 100 |  |

200 |  | 200 |  |

| The holders of the majority of the issued "A" Ordinary Shares can appoint up to three directors and the holders of the majority of the issued "B" Ordinary Shares can appoint another three directors. In all other respects the shares rank pari passu. The holders of "A" Ordinary Shares and "B" Ordinary Shares are entitled to one vote per share held.

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

21. | RESERVES

| Group

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 28 July 2024 | 19,261,153 |  | 49,800 |  | 19,310,953 |  |

| Profit for the period | 2,385,870 |  | 2,385,870 |  |

| At 26 July 2025 | 21,647,023 |  | 49,800 |  | 21,696,823 |  |

| Company

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 28 July 2024 | 18,956,595 |  | 49,800 |  | 19,006,395 |  |

| Profit for the period | 2,359,789 |  | 2,359,789 |  |

| At 26 July 2025 | 21,316,384 |  | 49,800 |  | 21,366,184 |  |

22. | PENSION COMMITMENTS

| The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £319,691 (2024: £257,729). Contributions totalling £26,431 (2024: £26,528) were payable to the fund at the Balance Sheet date and are included in accruals.

23. | CAPITAL COMMITMENTS

| At the balance sheet date the group had total capital commitments of £10,572,236 (2024 - £11,072,467), and had already paid deposits in respect of those assets of £3,835,794 (2024 - £4,279,194) to leave a balance of £6,736,442 (2024 - £6,793,273). Of this £6,164,206 was due to a related party.

24. | RELATED PARTY DISCLOSURES

| Entities under common control

2025 | 2024 |

£ | £ |

| Sales | 822,285 |  | 794,718 |  |

| Purchases | 8,353,841 |  | 8,233,046 |  |

| Purchase of fixed assets | 5,931,861 |  | - |  |

| Administrative expenses | 3,205,060 |  | 4,906,223 |  |

| Interest expense | 52,517 |  | - |  |

| Loans from related party | 2,500,000 |  | - |  |

| Amount due to related party (excluding loans) | 8,110,989 |  | 4,058,374 |  |

| Entities over which the entity has control, joint control or significant influence

2025 | 2024 |

£ | £ |

| Sales | 2,896,153 |  | 2,894,765 |  |

| Amount due from related party | 585,103 |  | 724,855 |  |

| STOURGARDEN LIMITED (REGISTERED NUMBER: 03031052) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 28 JULY 2024 TO 26 JULY 2025

24. | RELATED PARTY DISCLOSURES - continued

| Key management personnel are considered to be the same as the group's Directors.

25. | ULTIMATE CONTROLLING PARTY

| The group is controlled jointly by the four Directors.