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REGISTERED NUMBER: 11202703 (England and Wales)

| Unwasted Limited |

| Unaudited Financial Statements |

| for the Year Ended 31st December 2025 |

| Unwasted Limited (Registered number: 11202703) |

Contents of the Financial Statements

for the Year Ended 31st December 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| Unwasted Limited |

Company Information

for the Year Ended 31st December 2025

| Director: | Mr R M Fountain

| Registered office: | 4th Floor

| 100 Fenchurch Street

| London

| EC3M 5JD

| Registered number: | 11202703 (England and Wales)

| Accountants: | Wilson Stevens

| Accountants

| 4th Floor

| 100 Fenchurch Street

| London

| EC3M 5JD

| Unwasted Limited (Registered number: 11202703) |

Statement of Financial Position

31st December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Intangible assets | 4 | 416,535 |  | 563,273 |  |

Tangible assets | 5 | 520,134 |  | 705,080 |  |

Investments | 6 | 4,517 |  | 4,517 |  |

941,186 |  | 1,272,870 |  |

Current assets

Debtors | 7 | 373,483 |  | 591,985 |  |

Cash at bank and in hand | 5,501 |  | 208,853 |  |

378,984 |  | 800,838 |  |

Creditors

Amounts falling due within one year | 8 | 2,881,538 |  | 2,738,137 |  |

Net current liabilities | (2,502,554 | ) | (1,937,299 | ) |

Total assets less current liabilities | (1,561,368 | ) | (664,429 | ) |

Capital and reserves

Called up share capital | 492 |  | 492 |  |

Share premium | 4,537,867 |  | 4,537,867 |  |

Retained earnings | (6,099,727 | ) | (5,202,788 | ) |

(1,561,368 | ) | (664,429 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th April 2026 and were signed by:

Mr R M Fountain - Director

| Unwasted Limited (Registered number: 11202703) |

Notes to the Financial Statements

for the Year Ended 31st December 2025

1. | Statutory information

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

2. | Accounting policies

| Basis of preparing the financial statements

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

| At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors, that they will continue to give financial support to the company for twelve months from the date of signing of these financial statements.

| On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

| Preparation of consolidated financial statements

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

| Amortisation

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Research and development costs are being amortised evenly over their estimated useful life of five years.

| Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Development costs - 20% straight line

| If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

| Intangible assets

| Intangible assets are initially recorded at cost, and are subsequently stated at cost loss any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

| Intangible assets acquired as part of a business combination are recorded at fair value at the acquisition date.

| Unwasted Limited (Registered number: 11202703) |

Notes to the Financial Statements - continued

for the Year Ended 31st December 2025

2. | Accounting policies - continued

| Tangible fixed assets

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

| Plant and machinery | - | 15% straight line

| Computer equipment | - | 25% reducing balance

| The company has developed a second hand panel board production line and is depreciating the related operating plant and machinery at 15% straight line.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

| Research and development

| Development expenditure is incurred on clearly defined projects whose outcome can be assessed with reasonable certainty is carried forward and amortisation is charged from that time over the lesser of the life of the project or five years.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

| Pension costs and other post-retirement benefits

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

3. | Employees and directors

| The average number of employees during the year was 2 (2024 - 11 ) .

| Unwasted Limited (Registered number: 11202703) |

Notes to the Financial Statements - continued

for the Year Ended 31st December 2025

4. | Intangible fixed assets

| Research

| and

| development

| costs

£ |

| Cost

| At 1st January 2025 | 1,293,771 |  |

| Additions | 28,278 |  |

| At 31st December 2025 | 1,322,049 |  |

| Amortisation

| At 1st January 2025 | 730,498 |  |

| Amortisation for year | 175,016 |  |

| At 31st December 2025 | 905,514 |  |

| Net book value

| At 31st December 2025 | 416,535 |  |

| At 31st December 2024 | 563,273 |  |

5. | Tangible fixed assets

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| Cost

| At 1st January 2025 | 1,025,356 |  | 6,962 |  | 1,032,318 |  |

| Disposals | (55,989 | ) | - |  | (55,989 | ) |

| At 31st December 2025 | 969,367 |  | 6,962 |  | 976,329 |  |

| Depreciation

| At 1st January 2025 | 324,910 |  | 2,328 |  | 327,238 |  |

| Charge for year | 148,975 |  | 1,158 |  | 150,133 |  |

| Eliminated on disposal | (21,176 | ) | - |  | (21,176 | ) |

| At 31st December 2025 | 452,709 |  | 3,486 |  | 456,195 |  |

| Net book value

| At 31st December 2025 | 516,658 |  | 3,476 |  | 520,134 |  |

| At 31st December 2024 | 700,446 |  | 4,634 |  | 705,080 |  |

| Unwasted Limited (Registered number: 11202703) |

Notes to the Financial Statements - continued

for the Year Ended 31st December 2025

6. | Fixed asset investments

| Shares in

| group

| undertakings

£ |

| Cost

| At 1st January 2025

| and 31st December 2025 | 4,517 |  |

| Net book value

| At 31st December 2025 | 4,517 |  |

| At 31st December 2024 | 4,517 |  |

| The investment relates to the 100% owned Danish subsidiary, Unwasted APS.

7. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 347 |  | - |  |

| Other debtors | 373,136 |  | 591,985 |  |

373,483 |  | 591,985 |  |

8. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 2,818,217 |  | 2,695,089 |  |

| Trade creditors | 7,954 |  | 8,159 |  |

| Taxation and social security | 333 |  | 17,866 |  |

| Other creditors | 55,034 |  | 17,023 |  |

2,881,538 |  | 2,738,137 |  |