Company registration number 06857575 (England and Wales)
FRUIT GROWERS ALIANZA LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
FRUIT GROWERS ALIANZA LIMITED
COMPANY INFORMATION
Director
A G Wallace-Fernandez
Company number
06857575
Registered office
Building E2 Ronald House
Fenton Way
Chatteris
PE16 6UP
Auditor
Ensors
Incubator 2
The Boulevard, Enterprise Campus
Alconbury Weald
Huntingdon
PE28 4XA
FRUIT GROWERS ALIANZA LIMITED
CONTENTS
Page
Strategic report
1
Director's report
2
Director's responsibilities statement
3
Independent auditor's report
4 - 6
Profit and loss account
7
Group statement of comprehensive income
8
Group balance sheet
9
Company balance sheet
10
Group statement of changes in equity
11
Company statement of changes in equity
12
Group statement of cash flows
13
Company statement of cash flows
14
Notes to the financial statements
15 - 30
FRUIT GROWERS ALIANZA LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The director presents the strategic report for the year ended 31 December 2025.

Review of the business

The director is satisfied with the trading performance of the group during the year. Trading and profits were in line with expectations and significantly improved on previous year’s results, as a consequence of a strong UK cherry and Chilean grape seasons.

The climate within the supermarket sector continues to evolve, with constant pressures on pricing whilst maintaining quality. The continuing emergence of discounters gaining market share has further exacerbated the pressure on margins as the established players strive to maintain their own market share in the face of this increased competition for customers.

Principal risks and uncertainties

The keys risks affecting the group which have been identified by the director are the competitive activity in the UK and Europe alike ie margin sustainability, and also exchange rate volatility.

Future development

The group will continue to source high quality product to ensure that it can meet the expectations of its customers. To this end the group is looking at sourcing European originated fruit, mainly Cherries. It is continuing to look at ways to elongate its revenue cycle throughout the year and is making developments to source product all year round. Budgets and forecasts have been made for the forthcoming year, which the director hopes will be achievable.

Key performance indicators

The director manages and monitors the business by using key performance indicators. These are turnover, gross margin, and working capital availability.

On behalf of the board

A G Wallace-Fernandez
Director
3 May 2026
FRUIT GROWERS ALIANZA LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -

The director presents his annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the group continued to be that of fruit importing agents, importers and wholesalers.

Results and dividends

The results for the year are set out on page 7.

No ordinary dividends were paid. The director does not recommend payment of a further dividend.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

A G Wallace-Fernandez
Auditor

On 1 September 2025 our auditors, Ensors Accountants LLP, merged with Azets Audit Services Limited. Accordingly Ensors Accountants LLP formally resigned as the company’s auditors with the directors duly appointing Azets Audit Services Limited, trading as Ensors to fill the vacancy arising.

The auditor, Azets Audit Services Limited, trading as Ensors will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
A G Wallace-Fernandez
Director
3 May 2026
FRUIT GROWERS ALIANZA LIMITED
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

United Kingdom company law requires the director to prepare financial statements for each financial year. Under that law, the director has elected to prepare the group and parent company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and parent company, and of the profit or loss of the group for that period.

In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

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

- state whether applicable U nited K ingdom 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 group and parent company will continue in business.

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

FRUIT GROWERS ALIANZA LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF FRUIT GROWERS ALIANZA LIMITED
- 4 -
Opinion

We have audited the financial statements of Fruit Growers Alianza Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including 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 the parent company's affairs as at 31 December 2025 and of the group's profit 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.

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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company 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 director's 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 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 director 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 director is 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 otherwise 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.

Opinions on other matters prescribed by the Companies Act 2006

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

- T he information given in the strategic report and the director's r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the director's report have been prepared in accordance with applicable legal requirements.

FRUIT GROWERS ALIANZA LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF FRUIT GROWERS ALIANZA LIMITED
- 5 -
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 their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the director's r eport.

We have nothing to report in respect of the following matters in relation to which 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 director

As explained more fully in the director's r esponsibilities s tatement, the director is 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 director determines is 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 director is responsible for assessing the group's and 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 director either intends to liquidate the group or parent company or to cease operations, or has no realistic alternative but to do so.

Auditor's 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 an auditor's report 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.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:

- obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the company operates in and how the company are complying with the legal and regulatory framework;

- inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud;

- discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

FRUIT GROWERS ALIANZA LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF FRUIT GROWERS ALIANZA LIMITED
- 6 -

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 an auditor's report 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.

James Francis (Senior Statutory Auditor)
For and on behalf of Ensors, Statutory Auditor
Chartered Accountants
Incubator 2
The Boulevard, Enterprise Campus
Alconbury Weald
Huntingdon
PE28 4XA
11 May 2026
FRUIT GROWERS ALIANZA LIMITED
CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
2025
2024
Notes
£
£
Turnover
3
32,653,538
20,513,169
Cost of sales
(30,518,171)
(19,389,708)
Gross profit
2,135,367
1,123,461
Administrative expenses
(906,556)
(911,209)
Operating profit
4
1,228,811
212,252
Taxation
7
(271,508)
(17,859)
Profit for the financial year
957,303
194,393

The profit and loss account has been prepared on the basis that all operations are continuing operations.

FRUIT GROWERS ALIANZA LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
2025
2024
£
£
Profit for the year
957,303
194,393
Other comprehensive income
-
-
Cash flow hedges gain arising in the year
-
0
-
0
Total comprehensive income for the year
957,303
194,393
Total comprehensive income for the year is all attributable to the owners of the parent company.
FRUIT GROWERS ALIANZA LIMITED
GROUP BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
8
4,354
2,135
Current assets
Stocks
11
150,384
176,368
Debtors
13
7,542,951
6,547,385
Cash at bank and in hand
2,848,844
1,364,378
10,542,179
8,088,131
Creditors: amounts falling due within one year
14
(8,813,870)
(7,314,906)
Net current assets
1,728,309
773,225
Total assets less current liabilities
1,732,663
775,360
Capital and reserves
Called up share capital
17
100
100
Profit and loss reserves
1,732,563
775,260
Total equity
1,732,663
775,360
The financial statements were approved and signed by the director and authorised for issue on 3 May 2026
03 May 2026
A G Wallace-Fernandez
Director
Company Registration No. 06857575
FRUIT GROWERS ALIANZA LIMITED
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
8
1,895
2,135
Investments
9
14,246
14,246
16,141
16,381
Current assets
Stocks
11
87,272
101,638
Debtors
13
5,285,024
4,433,679
Cash at bank and in hand
1,424,139
876,013
6,796,435
5,411,330
Creditors: amounts falling due within one year
14
(5,842,062)
(5,320,793)
Net current assets
954,373
90,537
Net assets
970,514
106,918
Capital and reserves
Called up share capital
17
100
100
Profit and loss reserves
970,414
106,818
Total equity
970,514
106,918

As permitted by s408 Companies Act 2006, the Company has not presented its own profit and loss account and related notes. The Company’s profit for the year was £863,596 (2024 - £147,425).

The financial statements were approved and signed by the director and authorised for issue on 3 May 2026
03 May 2026
A G Wallace-Fernandez
Director
Company registration number 06857575 (England and Wales)
FRUIT GROWERS ALIANZA LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 11 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
100
580,867
580,967
Period ended 31 December 2024:
Profit and total comprehensive income for the year
-
194,393
194,393
Balance at 31 December 2024
100
775,260
775,360
Period ended 31 December 2025:
Profit and total comprehensive income for the year
-
957,303
957,303
Balance at 31 December 2025
100
1,732,563
1,732,663
FRUIT GROWERS ALIANZA LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 12 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
100
(40,607)
(40,507)
Period ended 31 December 2024:
Profit and total comprehensive income for the year
-
147,425
147,425
Balance at 31 December 2024
100
106,818
106,918
Period ended 31 December 2025:
Profit and total comprehensive income for the year
-
863,596
863,596
Balance at 31 December 2025
100
970,414
970,514
FRUIT GROWERS ALIANZA LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 13 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
22
1,093,981
483,206
Income taxes refunded/(paid)
1,912
(63,746)
Net cash inflow from operating activities
1,095,893
419,460
Investing activities
Purchase of tangible fixed assets
(3,593)
(2,447)
Net cash used in investing activities
(3,593)
(2,447)
Financing activities
Borrowings drawn down
392,166
-
Net cash generated from financing activities
392,166
-
Net increase in cash and cash equivalents
1,484,466
417,013
Cash and cash equivalents at beginning of year
1,364,378
947,365
Cash and cash equivalents at end of year
2,848,844
1,364,378
FRUIT GROWERS ALIANZA LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 14 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
23
382,508
427,640
Investing activities
Purchase of tangible fixed assets
(863)
(2,447)
Net cash used in investing activities
(863)
(2,447)
Financing activities
Borrowings drawn down
166,481
-
Net cash generated from financing activities
166,481
-
Net increase in cash and cash equivalents
548,126
425,193
Cash and cash equivalents at beginning of year
876,013
450,820
Cash and cash equivalents at end of year
1,424,139
876,013
FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 15 -
1
Accounting policies
Company information

Fruit Growers Alianza Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Frans House, Fenton Way, Chatteris, PE16 6UP.

The group consists of Fruit Growers Alianza Limited and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 4 ‘Statement of Financial Position’ – Reconciliation of the opening and closing number of shares;

Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’ – Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

1.2
Going concern

A t the time of approving the financial statements, t he director has a reasonable expectation that the group and parent company ha ve adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised once the company obtains the right to consideration in exchange for its performance.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 16 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
33.33% straight line
Computer equipment
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.5
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 17 -
1.8
Financial instruments

The group 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 group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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 and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod 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.

Other financial assets

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. 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 that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. 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.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 18 -

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

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 or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.9
Equity instruments

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

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 19 -
Deferred tax

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 periods different to those in which they are recognised in the financial statements.

Deferred tax assets are recognised only to the extent that the directors consider it 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 periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Foreign exchange

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

The results of overseas operations are translated at the average rates of exchange during the period and the balance sheet translated at the rate of exchange ruling at the balance sheet date. Exchange differences which arise from the translation of the opening net assets and results of the foreign subsidiary undertaking are taken to reserves.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 20 -
3
Turnover

An analysis of the group's turnover is as follows:

2025
2024
£
£
Turnover analysed by class of business
Fruit Sales
31,962,458
20,140,899
Commission Received
691,080
372,270
32,653,538
20,513,169
2025
2024
£
£
Turnover analysed by geographical market
UK
22,992,939
14,778,884
Europe
9,660,599
5,734,285
32,653,538
20,513,169
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Exchange (gains)/losses
(2,045)
48,464
Depreciation of tangible fixed assets
1,374
312
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
22,580
21,000
Audit of the financial statements of the company's subsidiaries
4,815
4,500
27,395
25,500
FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 21 -
6
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Management staff
3
3
3
3
Admin staff
5
5
4
4
Total
8
8
7
7

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
591,137
452,059
466,125
395,863
Pension costs
12,052
9,125
6,750
6,142
603,189
461,184
472,875
402,005
7
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
269,546
-
0
Foreign current tax on profits for the current period
13,304
17,859
Total current tax
282,850
17,859
Deferred tax
Origination and reversal of timing differences
(11,342)
-
0
Total tax charge
271,508
17,859
FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
7
Taxation
(Continued)
- 22 -

The charge for the year can be reconciled to the loss per the profit and loss account as follows:

2025
2024
£
£
Profit before taxation
1,228,811
212,252
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
307,203
53,063
Tax effect of expenses that are not deductible in determining taxable profit
395
159
Effect of overseas tax rates
(13,449)
1,652
Deferred tax movement not recognised
(22,641)
(37,015)
Taxation charge
271,508
17,859
FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 23 -
8
Tangible fixed assets
Group
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 January 2025
2,560
18,474
21,034
Additions
2,730
863
3,593
At 31 December 2025
5,290
19,337
24,627
Depreciation and impairment
At 1 January 2025
2,560
16,339
18,899
Depreciation charged in the year
271
1,103
1,374
At 31 December 2025
2,831
17,442
20,273
Carrying amount
At 31 December 2025
2,459
1,895
4,354
At 31 December 2024
-
0
2,135
2,135
Company
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 January 2025
2,560
18,474
21,034
Additions
-
0
863
863
At 31 December 2025
2,560
19,337
21,897
Depreciation and impairment
At 1 January 2025
2,560
16,339
18,899
Depreciation charged in the year
-
0
1,103
1,103
At 31 December 2025
2,560
17,442
20,002
Carrying amount
At 31 December 2025
-
0
1,895
1,895
At 31 December 2024
-
0
2,135
2,135
FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 24 -
9
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
10
-
0
-
0
14,246
14,246
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2025 and 31 December 2025
14,246
Carrying amount
At 31 December 2025
14,246
At 31 December 2024
14,246
10
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Fruit Growers Alliance BV
Netherlands
Ordinary
100.00
11
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Raw materials and consumables
150,384
176,368
87,272
101,638
12
Financial instruments
Group
Company
2025
2024
2025
2024
£
£
£
£
Carrying amount of financial assets
Debt instruments measured at amortised cost
9,014,020
7,028,992
5,881,943
5,123,659
Carrying amount of financial liabilities
Measured at amortised cost
8,396,268
7,224,412
5,550,451
5,310,611
FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 25 -
13
Trade and other receivables
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
6,165,176
5,664,547
4,457,804
4,247,646
Corporation tax recoverable
12,630
27,846
-
0
-
0
Other debtors
38,006
37,922
38,006
37,855
Prepayments and accrued income
1,315,797
817,070
777,872
148,178
7,531,609
6,547,385
5,273,682
4,433,679
Deferred tax asset (note 16)
11,342
-
0
11,342
-
0
7,542,951
6,547,385
5,285,024
4,433,679
14
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Other borrowings
15
392,166
-
0
166,481
-
0
Trade creditors
4,487,150
507,691
2,974,469
456,560
Corporation tax payable
269,546
-
0
269,546
-
0
Other taxation and social security
148,056
90,494
22,065
10,182
Other creditors
130,016
129,386
334,309
489,873
Accruals and deferred income
3,386,936
6,587,335
2,075,192
4,364,178
8,813,870
7,314,906
5,842,062
5,320,793
15
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Other loans
392,166
-
166,481
-
Payable within one year
392,166
-
0
166,481
-
0
FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 26 -
16
Deferred taxation

Deferred tax assets and liabilities are offset where the group or company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Assets
Assets
2025
2024
Group
£
£
Short term tax timing difference
11,816
-
Tax losses
(474)
-
11,342
-
Assets
Assets
2025
2024
Company
£
£
Short term tax timing difference
11,816
-
Tax losses
(474)
-
11,342
-
Group
Company
2025
2025
Movements in the year:
£
£
Asset at 1 January 2025
-
-
Credit to profit or loss
(11,342)
(11,342)
Asset at 31 December 2025
(11,342)
(11,342)

T he deferred tax asset/liability set out above is expected to reverse within 12 months and represents short term timing differences that are expected to mature within the same period.

17
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 27 -
18
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit and loss in respect of defined contribution schemes
12,052
9,125

Group

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund. Contributions totalling £nil (2024 - £nil) were outstanding at the year end.

19
Operating lease commitments
As lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within 1 year
16,662
19,544
9,102
19,544
Years 2-5
12,024
11,279
685
11,279
28,686
30,823
9,787
30,823
FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 28 -
20
Related party transactions
Remuneration of key management personnel

Company

The remuneration of key management personnel, is as follows.

2025
2024
£
£
Aggregate compensation
186,605
214,310

During the year, the group entered into loan agreements with a growing partner to the parent entity, FGA Chile SA. The partner involved was Dessarollo Frutcola Sudamericana SA and one loan was for the sum of 224,000 USD and a second for €258,860. Both loans attract interest of 6% and are repayable by 1st March 2026.

During the year, the company purchased goods with a value of £4,781,419 (2024 - £485,592) from Gestion De Exportaciones Fruticolas SA, a shareholder in its parent company Fruit Growers Alliance SA. The company incurred recharges and was charged commission to Gestion De Exportaciones Fruticolas SA of £nil (2024 - £nil). The company made recharges and charged commission to Gestion De Exportaciones Fruticolas SA of £70,259 (2024 - £6,828).

At the financial year end, the company owed £nil (2024 - £73,854) to Gestion De Exportaciones Fruticolas SA but was owed £2,949 (2024 - £nil) by Gestion De Exportaciones Fruiticolas SA.

During the year, the company purchased goods with a value of £3,553,660 (2024 - £2,897,937) from San Clemente Exportadora, a shareholder in its parent company Fruit Growers Alliance SA. The company made recharges and charged commission to San Clemente Exportadora of £124,169 (2024 - £53,948).

At the financial year end, the company owed £457,813 (2024 - £43,021) to San Clemente Exportadora and was owed by San Clemente Exportadora £13,780 (2023 - £35,915).

During the year, the company maintained a loan account with its parent company Fruit Growers Alliance S.A. The company paid loan interest of £nil (2024 - £nil) to Fruit Growers Alliance S.A. At the financial year end the company owed Fruit Growers Alliance S.A £88,341 (2024 - £88,341).

21
Controlling party

The company is a wholly owned subsidiary of Fruit Growers Alliance SA a company incorporated in Chile. There is no one controlling party.

FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 29 -
22
Cash generated from group operations
2025
2024
£
£
Profit after taxation
957,303
194,393
Adjustments for:
Taxation charged
271,508
17,859
Depreciation and impairment of tangible fixed assets
1,374
312
Movements in working capital:
Decrease in stocks
25,984
26,936
Increase in debtors
(999,440)
(4,141,748)
Increase in creditors
837,252
4,385,454
Cash generated from operations
1,093,981
483,206
23
Cash generated from operations - company
2025
2024
£
£
Profit after taxation
863,596
147,425
Adjustments for:
Taxation charged
258,204
-
0
Depreciation and impairment of tangible fixed assets
1,103
312
Movements in working capital:
Decrease in stocks
14,366
9,258
Increase in debtors
(840,003)
(2,999,835)
Increase in creditors
85,242
3,270,480
Cash generated from operations
382,508
427,640
24
Analysis of changes in net funds - group
1 January 2025
Cash flows
31 December 2025
£
£
£
Cash at bank and in hand
1,364,378
1,484,466
2,848,844
Borrowings excluding overdrafts
-
(392,166)
(392,166)
1,364,378
1,092,300
2,456,678
FRUIT GROWERS ALIANZA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 30 -
25
Analysis of changes in net funds - company
1 January 2025
Cash flows
31 December 2025
£
£
£
Cash at bank and in hand
876,013
548,126
1,424,139
Borrowings excluding overdrafts
-
(166,481)
(166,481)
876,013
381,645
1,257,658
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