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REGISTERED NUMBER: 03912247 (England and Wales)

| BLUE OCEAN INTERNATIONAL LIMITED |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

BLUE OCEAN INTERNATIONAL LIMITED (REGISTERED NUMBER: 03912247)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 2 |

BLUE OCEAN INTERNATIONAL LIMITED (REGISTERED NUMBER: 03912247)

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | - |  | 277 |  |

CURRENT ASSETS

Debtors | 6 | 47,368 |  | 981 |  |

Cash at bank | 37,069 |  | 45,596 |  |

84,437 |  | 46,577 |  |

CREDITORS

Amounts falling due within one year | 7 | 59,220 |  | 11,822 |  |

NET CURRENT ASSETS | 25,217 |  | 34,755 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 25,217 |  | 35,032 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 1,000 |  | 1,000 |  |

Retained earnings | 24,217 |  | 34,032 |  |

SHAREHOLDERS' FUNDS | 25,217 |  | 35,032 |  |

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2026 and were signed by:

O J Wolter - Director

BLUE OCEAN INTERNATIONAL LIMITED (REGISTERED NUMBER: 03912247)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Blue Ocean International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 03912247

| Registered office: | Broad House

| 1 The Broadway

| Old Hatfield

| Hertfordshire

| AL9 5BG

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 ('FRS 102'), the Financial Reporting Standard applicable in the UK and the Republic of Ireland, the Companies Act 2006 and the Companies (Revision of Defective Accounts and Reports) Regulations 2008. As the company is small, the disclosure requirements of section 1A of FRS 102 have been adopted, other than where additional disclosure is required to show a true and fair view.

| The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

| Going concern

| The directors have a reasonable expectation that the company will continue to operate for the foreseeable future. Additionally the company can rely on the support of its parent company. Accordingly, these financial statements are prepared on the going concern basis.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

| Tangible fixed assets

| Tangible fixed assets are stated at historical cost less accumulated depreciation and any provision for impairment.

| Depreciation is calculated to write off the cost less residual value of tangible fixed assets over their estimated useful economic lives on a straight-line basis at the following rates:

| Office equipment - 33% on cost

BLUE OCEAN INTERNATIONAL LIMITED (REGISTERED NUMBER: 03912247)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets:

| Basic financial assets, which include debtors, are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts, discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Other financial assets, including investments in equity instruments, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments whose fair values cannot be measured reliably are measured at cost less impairment.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| Basic financial liabilities:

| Basic financial liabilities, including trade and other payables, and bank loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| 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. 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.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual

| obligation is discharged, cancelled or expires.

| Equity instruments

BLUE OCEAN INTERNATIONAL LIMITED (REGISTERED NUMBER: 03912247)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| An equity instrument is a contract which evidences a residual interest in an asset after deducting all liabilities. Equity comprises the following:

| - share capital, which represents the nominal value of equity shares; and

| - profit and loss reserves, which represent retained profits.

| Derivatives:

| Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments.

| Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit and loss in finance costs.

| The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

| Taxation

| Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Where losses are surrendered between Group undertakings they are paid for in full.

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the Company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in years different from those in which they are recognised in the financial statements.

| A net deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

| Deferred tax is measured at the average tax rates that are expected to apply in the years in which the timing differences are expected to reverse based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

| Foreign currencies

| The financial statements of the Company are presented in Pounds Sterling (£), which is also the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| In preparing the financial statements, transactions denominated in foreign currencies are translated into the functional currency using the spot exchange rates at the dates of the transactions or average rates.

| At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are retranslated using the exchange rate at the end of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

| Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss.

BLUE OCEAN INTERNATIONAL LIMITED (REGISTERED NUMBER: 03912247)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | AUDITORS' REMUNERATION

| 2025 |  | 2024

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 3,120 |  | 2,400 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 2,495 |  |

| DEPRECIATION

| At 1 January 2025 | 2,218 |  |

| Charge for year | 277 |  |

| At 31 December 2025 | 2,495 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | 277 |  |

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

2025 | 2024 |

£ | £ |

| Other debtors | 47,368 |  | 981 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 420 |  | 300 |  |

| Amounts owed to group undertakings | 48,138 |  | 257 |  |

| Taxation and social security | 4,160 |  | 1,315 |  |

| Other creditors | 6,502 |  | 9,950 |  |

59,220 |  | 11,822 |  |

BLUE OCEAN INTERNATIONAL LIMITED (REGISTERED NUMBER: 03912247)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 1,000 | Ordinary | £1 | 1,000 |  | 1,000 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Domenico Maurello (Senior Statutory Auditor)

| for and on behalf of Keelings Limited

10. | PENSION COMMITMENTS

| The company contributes to workplace pension schemes for the benefit of its employees. The assets of the schemes are held in independent funds. At the balance sheet date, there was nil unpaid contributions due to these funds (2024: nil).

11. | ULTIMATE CONTROLLING PARTY

| The Company's immediate parent preparing consolidated accounts is Blue Ocean International Oil Trading Singapore Pte. Ltd, whose registered office is at 10 Winstedt Road, Blk A#03-02B, Singapore, 227977. The company's ultimate controlling party is Oliver Wolter.