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REGISTERED NUMBER: 03094490 (England and Wales)

| Financial Statements |

| For The Year Ended 31 December 2025 |

| for |

| Acorn Thorn Limited |

| Acorn Thorn Limited (Registered number: 03094490) |

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 |

| Acorn Thorn Limited |

Company Information

For The Year Ended 31 December 2025

| DIRECTORS: | Mrs K E Kahle

| D E Morris

| P D Thorn

| Mrs G Thorn

| REGISTERED OFFICE: | 5 Brearley Court

| Baird Road

| Quedgeley

| Gloucester

| GL2 2AF

| REGISTERED NUMBER: | 03094490 (England and Wales)

| AUDITORS: | Kingscott Dix Limited

| Chartered Accountants

| and Statutory Auditor

| Goodridge Court

| Goodridge Avenue

| Gloucester

| Gloucestershire

| GL2 5EN

| Acorn Thorn Limited (Registered number: 03094490) |

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 160,877 |  | 150,550 |  |

Investments | 5 | 447,215 |  | 447,215 |  |

608,092 |  | 597,765 |  |

CURRENT ASSETS

Stocks | 1,043,501 |  | 830,990 |  |

Debtors | 6 | 351,721 |  | 296,779 |  |

Cash at bank | 287,795 |  | 229,801 |  |

1,683,017 |  | 1,357,570 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,103,768 |  | 878,221 |  |

NET CURRENT ASSETS | 579,249 |  | 479,349 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,187,341 |  | 1,077,114 |  |

PROVISIONS FOR LIABILITIES | 4,928 |  | 8,655 |  |

NET ASSETS | 1,182,413 |  | 1,068,459 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 597 |  | 597 |  |

Capital redemption reserve | 592 |  | 592 |  |

Merger Reserve | 442,811 |  | 442,811 |  |

Retained earnings | 738,413 |  | 624,459 |  |

SHAREHOLDERS' FUNDS | 1,182,413 |  | 1,068,459 |  |

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 14 April 2026 and were signed on its behalf by:

P D Thorn - Director

| Acorn Thorn Limited (Registered number: 03094490) |

Notes to the Financial Statements

For The Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Acorn Thorn 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Acorn Thorn Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Acorn Engineering Inc., 15125 Proctor Avenue, City of Industry, CA 91746 USA.

| Turnover

| Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

| 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.

| 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.

| 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:

| Plant and machinery - 25%, 20% and varying rates straight line.

| Motor Vehicles - 20% straight line

| At each reporting date, the company reviews the carrying amounts of its tangible and intangible 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 assets belongs.

| Investments in subsidiaries

| Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Acorn Thorn Limited (Registered number: 03094490) |

Notes to the Financial Statements - continued

For The Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| The company makes full provision for any anticipated profits/losses arising on forward exchange contracts entered into within the year but not settled until after the year end.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

| Acorn Thorn Limited (Registered number: 03094490) |

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 statement of financial position 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 trade and other receivables 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 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.

| 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.

| Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

| Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

| 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. The impairment loss 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 when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

| Basic financial liabilities

| Basic financial liabilities, including trade and other payables, bank loans, loans from fellow Group companies and preference shares that are classified as debt, are initially recognised at transaction price.

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

| Acorn Thorn Limited (Registered number: 03094490) |

Notes to the Financial Statements - continued

For The Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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 or less. 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.

| 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 they are included in a hedging arrangement.

| 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 company after deducting all of its liabilities.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 159,564 |  | 120,048 |  | 279,612 |  |

| Additions | 23,553 |  | 14,094 |  | 37,647 |  |

| At 31 December 2025 | 183,117 |  | 134,142 |  | 317,259 |  |

| DEPRECIATION

| At 1 January 2025 | 107,979 |  | 21,083 |  | 129,062 |  |

| Charge for year | 13,060 |  | 14,260 |  | 27,320 |  |

| At 31 December 2025 | 121,039 |  | 35,343 |  | 156,382 |  |

| NET BOOK VALUE

| At 31 December 2025 | 62,078 |  | 98,799 |  | 160,877 |  |

| At 31 December 2024 | 51,585 |  | 98,965 |  | 150,550 |  |

| Acorn Thorn Limited (Registered number: 03094490) |

Notes to the Financial Statements - continued

For The Year Ended 31 December 2025

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 447,215 |  |

| NET BOOK VALUE

| At 31 December 2025 | 447,215 |  |

| At 31 December 2024 | 447,215 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 147,840 |  | 119,402 |  |

| Amounts owed by group undertakings | 180,143 |  | 157,956 |  |

| Corporation Tax | 2,743 |  | - |  |

| Prepayments and accrued income | 20,995 |  | 19,421 |  |

351,721 |  | 296,779 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 120,319 |  | 50,141 |  |

| Amounts owed to group undertakings | 93,585 |  | 80,503 |  |

| Amounts owed to participating interests | 382,120 |  | 261,420 |  |

| Corporation Tax | - |  | 76,311 |  |

| Taxation and social security | 69,773 |  | 60,333 |  |

| Other creditors | - |  | 1,047 |  |

| Accruals and deferred income | 437,971 |  | 348,466 |  |

1,103,768 |  | 878,221 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.12.25 |  | 31.12.24

£ | £ |

| Within one year | 60,000 |  | 15,000 |  |

| Between one and five years | 45,000 |  | - |  |

105,000 |  | 15,000 |  |

| Acorn Thorn Limited (Registered number: 03094490) |

Notes to the Financial Statements - continued

For The Year Ended 31 December 2025

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 304 | Ordinary A | £1 | 304 |  | 304 |  |

| 293 | Ordinary B | £1 | 293 |  | 293 |  |

597 |  | 597 |  |

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

| The Report of the Auditors was unqualified.

| Peter Morgan ACA (Senior Statutory Auditor)

| for and on behalf of Kingscott Dix Limited