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REGISTERED NUMBER: 04388360 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Global Icons Europe Limited

Global Icons Europe Limited (Registered number: 04388360)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Global Icons Europe Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | J Lotman

| D Williams

| REGISTERED OFFICE: | Ground Floor

| 123 Pall Mall

| London

| SW1Y 5EA

| REGISTERED NUMBER: | 04388360 (England and Wales)

| ACCOUNTANTS: | Hawksford UK Services

| 123 Pall Mall

| London

| SW1Y 5EA

Global Icons Europe Limited (Registered number: 04388360)

Balance Sheet

31 December 2025

| 31.12.25 |  | 31.12.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,261 |  | 3,521 |  |

CURRENT ASSETS

Debtors | 5 | 418,815 |  | 574,827 |  |

Cash at bank | 917,990 |  | 788,428 |  |

1,336,805 |  | 1,363,255 |  |

CREDITORS

Amounts falling due within one year | 6 | (508,117 | ) | (674,376 | ) |

NET CURRENT ASSETS | 828,688 |  | 688,879 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 831,949 |  | 692,400 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 9,792 |  | 9,792 |  |

Share premium | 151,837 |  | 151,837 |  |

Retained earnings | 670,320 |  | 530,771 |  |

SHAREHOLDERS' FUNDS | 831,949 |  | 692,400 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 6 May 2026 and were signed on its behalf by:

J Lotman - Director

Global Icons Europe Limited (Registered number: 04388360)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Global Icons Europe 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.

| Global Icons LLC, being an immediate holding company has confirmed its intention to provide sufficient financial support to the Company so as to enable it to meet its liabilities as they fall due and to enable it to carry on its business for the foreseeable future. Consequently, the directors have prepared the financial statements on a going concern basis.

| Turnover

| Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the company exploits intellectual property owned by third parties the gross income earned net of VAT is included in turnover. The third parties' share of the gross income earned is included in cost of sales.

| Tangible fixed assets

| Tangible fixed assets are stated at cost less depreciation. Cost include the purchase cost and all other costs necessary to bring it in present location and conditions.

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

| Plant & Machinery - 25% (computers) and 33 1/3 % (office equipment) on cost

| Financial instruments

| Trade and other debtors

| Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

| Trade and other creditors

| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash in hand and cash held on demand with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities on the balance sheet.

| 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 balance sheet date.

Global Icons Europe Limited (Registered number: 04388360)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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 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.

| Foreign currencies

| a. Functional and presentation currency

| Items included in the Company's financial statements are measured using the currency of the primary economic environment in which the entity operates (the "Functional currency"). The financial statements are presented in Sterling, which is the Company's functional and presentational currency.

| b. Transaction and balances

| Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income.

| 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 10 (2024 - 9 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025 | 52,164 |  |

| Additions | 902 |  |

| At 31 December 2025 | 53,066 |  |

| DEPRECIATION

| At 1 January 2025 | 48,643 |  |

| Charge for year | 1,162 |  |

| At 31 December 2025 | 49,805 |  |

| NET BOOK VALUE

| At 31 December 2025 | 3,261 |  |

| At 31 December 2024 | 3,521 |  |

Global Icons Europe Limited (Registered number: 04388360)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 219,675 |  | 297,622 |  |

| Other debtors | 3,042 |  | 5,689 |  |

| VAT | - |  | 4,158 |  |

| Prepayments and accrued income | 196,098 |  | 263,686 |  |

| Prepayments | - |  | 3,672 |  |

418,815 |  | 574,827 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 184,054 |  | 17,126 |  |

| Corporation tax | 45,306 |  | 76,338 |  |

| VAT | 6,345 |  | - |  |

| Other creditors | 4,010 |  | 2,000 |  |

| Accrued expenses | 268,402 |  | 578,912 |  |

508,117 |  | 674,376 |  |

| The accrued expenses are recognised based on historical amounts earned from licensees and/or forecasted sales information provided by licensees.

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 9,792 | Ordinary shares | £1 | 9,792 |  | 9,792 |  |

8. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr. Jeff Lotman by virtue of his ownership of the entire issued share capital in the ultimate parent company.