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REGISTERED NUMBER: OC425786 (England and Wales)

REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

HARVEST INVESTMENTS 11 LLP

HARVEST INVESTMENTS 11 LLP (REGISTERED NUMBER: OC425786) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| General Information | 1 |

| Report of the Members | 2 |

| Report of the Independent Auditors | 4 |

| Statement of Comprehensive Income | 8 |

| Statement of Financial Position | 9 |

| Reconciliation of Members' Interests | 10 |

| Notes to the Financial Statements | 12 |

| HARVEST INVESTMENTS 11 LLP |

GENERAL INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DESIGNATED MEMBERS: | Brickvest MB1 Ltd

| Brickvest MB2 Ltd

| REGISTERED OFFICE: | C/o Thompson Taraz, Stanhope House

| 47 Park Lane

| London

| W1K 1PR

| REGISTERED NUMBER: | OC425786 (England and Wales)

| AUDITORS: | Menzies LLP

| Chartered Accountants

| Statutory Auditor

| 4th Floor, 95 Gresham Street

| London

| EC2V 7AB

HARVEST INVESTMENTS 11 LLP (REGISTERED NUMBER: OC425786) |

REPORT OF THE MEMBERS

FOR THE YEAR ENDED 31 DECEMBER 2025

The members present their report with the financial statements of Harvest Investments 11 LLP (''the LLP'') for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP is to carry on the profession, trade or business of sourcing and management of investments transactions (entered into by the LLP or clients of the LLP) carried on by the LLP, and in connection with such objective to engage in any activity incidental or ancillary to such business.

The LLP will invest, either directly or indirectly, in real estate or financial instruments where the underlying or related investments is real estate.

The LLP is structured as an alternative investments fund managers directive in line with the Alternative Investments Fund Managers Directive.

DESIGNATED MEMBERS

The designated members during the year under review were:

Brickvest MB1 Ltd

Brickvest MB2 Ltd

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was €110,867 (2024 - €89,430 loss).

MEMBERS' INTERESTS

Each member’s subscription to the capital of the LLP is determined by their share of the profit and is repayable following retirement from the LLP.

Details of changes in members’ capital in the ended 31 December 2025 are set out in the Reconciliation of members’ interest.

Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares monthly during the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business.

POLICY REGARDING MEMBERS' DRAWINGS AND THE SUBSCRIPTION AND REPAYMENT OF AMOUNTS

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.

PRESENTATION CURRENCY

The functional and presentation currency is that of the Euro.

HARVEST INVESTMENTS 11 LLP (REGISTERED NUMBER: OC425786) |

REPORT OF THE MEMBERS

FOR THE YEAR ENDED 31 DECEMBER 2025

STATEMENT OF MEMBERS' RESPONSIBILITIES

The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Company law as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members 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 LLP and of the profit or loss of the LLP for that period.

In preparing these financial statements, the members 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 UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditor is deemed to have been re-appointed in accordance with section 487 of the companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006)

Regulations 2008.

ON BEHALF OF THE MEMBERS:

Brickvest MB1 Ltd - Designated member

30 April 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HARVEST INVESTMENTS 11 LLP

Opinion

We have audited the financial statements of Harvest Investments 11 LLP (the 'LLP') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Reconciliation of Members' Interests and 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 LLP's affairs as at 31 December 2025 and of its loss for the year 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 as applied to LLPs by the Limited

Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 LLP 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 members' 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 LLP'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 members with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The members are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent other wise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 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 course of 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HARVEST INVESTMENTS 11 LLP

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the LLP and its environment obtained in the course of the audit, we have not identified material misstatements in the members' report.

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

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from

branches not visited by us; or

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

- we have not received all the information and explanations we require for our audit; or

- the members were not entitled to prepare the financial statements in accordance with the small LLPs regime and take advantage of the small companies' exemptions in preparing the members' report and from the requirement to prepare a strategic report.

Responsibilities of members

As explained more fully in the Statement of Members' Responsibilities set out on page three, the members 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 members 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 members are responsible for assessing the LLP'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 members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.

Responsibilities of members

As explained more fully in the Statement of Members' Responsibilities set out on page three, the members 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 members 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 members are responsible for assessing the LLP'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 members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HARVEST INVESTMENTS 11 LLP

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. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

The LLP is subject to laws and regulations that directly affect the financial statements including financial reporting legislation. We determined that the following laws and regulations were most significant including:

- Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) Regulations 2008);

- Financial Reporting Standard 102; and

- General Data Protection Regulations.

We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

We understood how the LLP is complying with those legal and regulatory frameworks by, making inquiries to management and those responsible for legal and compliance procedures. We corroborated our inquiries through our review of relevant documentation.

The engagement partner assessed whether the engagement team collectively had the appropriate competence and capabilities to identify or recognize non-compliance with laws and regulations. The assessment did not identify any issues in this area.

We assessed the susceptibility of the financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

- Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;

- Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

- Challenging assumptions and judgments made by management in its significant accounting estimates; and

- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations.

As a result of the above procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud would be the use of management override of controls to manipulate results, or to enter into transactions not in its best interests.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to material misstatement in the financial statements or non-compliance with regulation.

This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HARVEST INVESTMENTS 11 LLP

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.

Use of our report

This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP'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 LLP and the LLP's members as a body, for our audit work, for this report, or for the opinions we have formed.

Sarah Hallam FCCA (Senior Statutory Auditor)

for and on behalf of Menzies LLP

Chartered Accountants

Statutory Auditor

4th Floor, 95 Gresham Street

London

EC2V 7AB

30 April 2026

HARVEST INVESTMENTS 11 LLP (REGISTERED NUMBER: OC425786) |

STATEMENT OF COMPREHENSIVE

INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Notes | € | € |

TURNOVER | - |  | - |  |

Administrative expenses | (128,072 | ) | (117,781 | ) |

(128,072 | ) | (117,781 | ) |

Interest receivable and similar income | 17,205 |  | 28,351 |  |

LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES | (110,867 | ) | (89,430 | ) |

LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES | (110,867 | ) | (89,430 | ) |

Allocation of loss to members | 4 | 110,867 |  | 89,430 |  |

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | - |  | - |  |

HARVEST INVESTMENTS 11 LLP (REGISTERED NUMBER: OC425786) |

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2025

| 2025 |  | 2024

| Notes | € | € |

FIXED ASSETS

Investments | 5 | 1,907,853 |  | 1,907,853 |  |

CURRENT ASSETS

Debtors | 2,016,903 |  | 1,206,036 |  |

Cash and cash equivalents | 1,128,962 |  | 1,937,087 |  |

3,145,865 |  | 3,143,123 |  |

CREDITORS

Amounts falling due within one year | 6 | (9,718 | ) | (6,976 | ) |

NET CURRENT ASSETS | 3,136,147 |  | 3,136,147 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 5,044,000 |  | 5,044,000 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | - |  | - |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 5,044,000 |  | 5,044,000 |  |

5,044,000 |  | 5,044,000 |  |

TOTAL MEMBERS' INTERESTS

Members' other interests | 5,044,000 |  | 5,044,000 |  |

Amounts due from members | (2,016,903 | ) | (1,206,036 | ) |

3,027,097 |  | 3,837,964 |  |

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

The financial statements were approved by the members of the LLP and authorised for issue on 30 April 2026 and were signed by:

Brickvest MB1 Ltd - Designated member

HARVEST INVESTMENTS 11 LLP (REGISTERED NUMBER: OC425786) |

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 DECEMBER 2025

| EQUITY

| Members' other interests

| Members' |

| capital |

| (classified |

| as |  | Other |

| equity) |  | reserves |  | Total

€ | € | € |

Balance at 1 January 2025 | 5,044,000 |  | - |  | 5,044,000 |  |

Members' remuneration charged as an expense, including employment and retirement benefit costs | - |  | - |  | - |  |

Profit for the financial year available for discretionary division among members | - |  | - |  | - |  |

Members' interests after profit for the year | 5,044,000 |  | - |  | 5,044,000 |  |

Drawings on account and distributions of profit | - |  | - |  | - |  |

Balance at 31 December 2025 | 5,044,000 |  | - |  | 5,044,000 |  |

| DEBT | TOTAL

| Loans and other debts due to | MEMBERS'

| members less any amounts due | INTERESTS

| from members in debtors |

| Other |

| amounts |  | Total

€ | € |

Amount due to members | - |  |

Amount due from members | (1,206,036 | ) |

Balance at 1 January 2025 | (1,206,036 | ) | 3,837,964 |  |

All o cat io n of l o ss t o m e mb er s | (110,867 | ) | (110,867 | ) |

Profit for the financial year available for discretionary division among members | - |  | - |  |

Members' interests after profit for the year | (1,316,903 | ) | 3,727,097 |  |

Drawings on account and distributions of profit | (700,000 | ) | (700,000 | ) |

Amount due to members | - |  |

Amount due from members | (2,016,903 | ) |

Balance at 31 December 2025 | (2,016,903 | ) | 3,027,097 |  |

HARVEST INVESTMENTS 11 LLP (REGISTERED NUMBER: OC425786) |

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 DECEMBER 2025

| EQUITY

| Members' other interests

| Members' |

| capital |

| (classified |

| as |  | Other |

| equity) |  | reserves |  | Total

€ | € | € |

Balance at 1 January 2024 | 5,044,000 |  | - |  | 5,044,000 |  |

Members' remuneration charged as an expense, including employment and retirement benefit costs | - |  | - |  | - |  |

Profit for the financial year available for discretionary division among members | - |  | - |  | - |  |

Members' interests after profit for the year | 5,044,000 |  | - |  | 5,044,000 |  |

Drawings on account and distributions of profit | - |  | - |  | - |  |

Balance at 31 December 2024 | 5,044,000 |  | - |  | 5,044,000 |  |

| DEBT | TOTAL

| Loans and other debts due to | MEMBERS'

| members less any amounts due | INTERESTS

| from members in debtors |

| Other |

| amounts |  | Total

€ | € |

Amount due to members | - |  |

Amount due from members | (479,995 | ) |

Balance at 1 January 2024 | (479,995 | ) | 4,564,005 |  |

Allocation of loss to members | (89,430 | ) | (89,430 | ) |

Profit for the financial year available for discretionary division among members | - |  | - |  |

Members' interests after profit for the year | (569,425 | ) | 4,474,575 |  |

Drawings on account and distributions of profit | (636,611 | ) | (636,611 | ) |

Amount due to members | - |  |

Amount due from members | (1,206,036 | ) |

Balance at 31 December 2024 | (1,206,036 | ) | 3,837,964 |  |

HARVEST INVESTMENTS 11 LLP (REGISTERED NUMBER: OC425786) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Harvest Investments 11 LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared on the historical cost convention unless otherwise specified within these accounting policies and in accordance with section 1A Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statements of Recommended Practice and "Accounting by Limited Liability Partnerships"

| The financial statements are prepared in Euro, which is the functional currency of the entity.

| Members' participation rights

| Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

| Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

| Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

| Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

| Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

| Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

| All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense' Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

HARVEST INVESTMENTS 11 LLP (REGISTERED NUMBER: OC425786) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

| Investments

| Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

| Unlisted investments are measured at fair value with changes in fair value being recognised in profit or loss.

| Impairment of fixed assets

| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

| For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

| Financial instruments

| A financial asset or a financial liability is recognised only when the LLP becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Debt instruments are subsequently measured at amortised cost.

| Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

| For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

| Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

HARVEST INVESTMENTS 11 LLP (REGISTERED NUMBER: OC425786) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

3. | EMPLOYEE INFORMATION

| The average number of employees, including members with contracts of employment, during the year was NIL (2024 - NIL).

4. | INFORMATION IN RELATION TO MEMBERS

|  | 2025 |  |  | 2024 |  |

| Allocation of loss to members |  | € (110,86 7) |  |  | € (89,430) |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

€ |

| COST

| At 1 January 2025

| and 31 December 2025 | 1,907,853 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1,907,853 |  |

| At 31 December 2024 | 1,907,853 |  |

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

2025 | 2024 |

€ | € |

| Trade creditors | 500 |  | - |  |

| Other creditors | 3,975 |  | 1,893 |  |

| Accruals and deferred income | 5,243 |  | 5,083 |  |

9,718 |  | 6,976 |  |

7. | LOANS AND OTHER DEBTS DUE FROM MEMBERS

|  | 2025 |  |  | 2024 |  |

| Amounts owed from members |  | € 2,014,653 |  |  | € 1,206,036 |  |

| Loan and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

HARVEST INVESTMENTS 11 LLP (REGISTERED NUMBER: OC425786) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

8. | CONTINGENT ASSET DISCLOSURE

| Loans are included within fixed asset investments with a combined total of €1,359,924 for which under the loan facility agreement, the LLP is entitled to receive interest in an amount equal to 10% per annum on the outstanding loan, accruing on each advance from the date the advance is made until the date of repayment.

| While it is probable that the payment of this interest will be received, it will only occur in the event of the underlying asset being disposed of and there being sufficient assets to distribute the accruing interest. The occurrence of this event is outside the control of the LLP. The accrued interest on the advance made is €306,755 up to 31 December 2025.