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REGISTERED NUMBER: 11289209 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WE ARE NATIONS LIMITED

WE ARE NATIONS LIMITED (REGISTERED NUMBER: 11289209)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

WE ARE NATIONS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTOR: | A S Romer

| REGISTERED OFFICE: | 55 Loudoun Road

| St. John'S Wood

| London

| United Kingdom

| NW8 0DL

| REGISTERED NUMBER: | 11289209 (England and Wales)

| ACCOUNTANTS: | MGR Weston Kay LLP

| Chartered Accountants

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

WE ARE NATIONS LIMITED (REGISTERED NUMBER: 11289209)

BALANCE SHEET

31 DECEMBER 2025

| 31.12.25 |  | 31.12.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,603 |  | - |  |

CURRENT ASSETS

Stocks | 5 | 55,848 |  | 80,740 |  |

Debtors | 6 | 55,176 |  | 17,064 |  |

Cash at bank and in hand | 45,770 |  | 202,326 |  |

156,794 |  | 300,130 |  |

CREDITORS

Amounts falling due within one year | 7 | (558,752 | ) | (776,186 | ) |

NET CURRENT LIABILITIES | (401,958 | ) | (476,056 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (400,355 | ) | (476,056 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | (143,539 | ) | (195,294 | ) |

NET LIABILITIES | (543,894 | ) | (671,350 | ) |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | (543,994 | ) | (671,450 | ) |

SHAREHOLDERS' FUNDS | (543,894 | ) | (671,350 | ) |

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 director acknowledges his 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.

WE ARE NATIONS LIMITED (REGISTERED NUMBER: 11289209)

BALANCE SHEET - continued

31 DECEMBER 2025

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 director and authorised for issue on 11 May 2026 and were signed by:

A S Romer - Director

WE ARE NATIONS LIMITED (REGISTERED NUMBER: 11289209)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| We Are Nations 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Accounting convention

| 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.

| Going concern

| The financial statements have been prepared on the going concern basis. The directors have therefore confirmed that funds will continue to be made available from the support of the company's parent company, We Are Nations Inc. The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

| 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.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Computer equipment | - | Straight line over 3 years

| Stocks

| Stocks are stated at the lower of cost and net realisable value.

| Net realisable value is the estimated selling price less all estimated costs of completion and costs incurred in marketing, selling and distribution.

| 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.

WE ARE NATIONS LIMITED (REGISTERED NUMBER: 11289209)

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 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. Financial assets classified as receivable within one year are not amortised.

| Basic financial liabilities

| Basic financial liabilities, including creditors, 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 payments 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.

| 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 company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

| Foreign exchange

| Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

| Cash at bank and in hand

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

WE ARE NATIONS LIMITED (REGISTERED NUMBER: 11289209)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| Additions | 1,749 |  |

| At 31 December 2025 | 1,749 |  |

| DEPRECIATION

| Charge for year | 146 |  |

| At 31 December 2025 | 146 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1,603 |  |

5. | STOCKS

| 31.12.25 |  | 31.12.24

£ | £ |

| Finished goods | 55,848 |  | 80,740 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 48,263 |  | 10,074 |  |

| Other debtors | 6,913 |  | 6,990 |  |

55,176 |  | 17,064 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans and overdrafts (see note 9) | 49,000 |  | 49,000 |  |

| Trade creditors | 175,131 |  | 257,126 |  |

| Amounts owed to group undertakings | 123,629 |  | 13,640 |  |

| Taxation and social security | 13,453 |  | 11,842 |  |

| Other creditors | 197,539 |  | 444,578 |  |

558,752 |  | 776,186 |  |

| Included in other creditors is directors loan account.

WE ARE NATIONS LIMITED (REGISTERED NUMBER: 11289209)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans (see note 9) | 28,572 |  | 80,327 |  |

| Other creditors | 114,967 |  | 114,967 |  |

143,539 |  | 195,294 |  |

9. | LOANS

| An analysis of the maturity of loans is given below:

| 31.12.25 |  | 31.12.24

£ | £ |

| Amounts falling due within one year or on demand:

| COVID Business support Loan | 49,000 |  | 49,000 |  |

| Amounts falling due between one and two years:

| COVID Business support Loan | 28,572 |  | 80,327 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 100 | Ordinary share capital | £1 | 100 |  | 100 |  |

11. | RELATED PARTY TRANSACTIONS

| At the reporting date an amount of £26,432 (2024: £27,585) was owed to We Are Nations BVBA, a company wholly owned by We Are Nations Inc, the parent company of We Are Nations Limited.

| At the year end the company owed an amount of £97,197 (2024: £101,023) to We Are Nations Inc. Included in this balance is £114,967 which is released as at the date of deed.

12. | PARENT COMPANY

| The parent and ultimate controlling party is We Are Nations Inc. a company incorporated in the US.