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REGISTERED NUMBER: SC035309 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

| FOR |

| H.S. DRUMMOND (GLENSIDE) LIMITED |

H.S. DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC035309)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

H.S. DRUMMOND (GLENSIDE) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | Hugh Douglas Drummond

| Nancy Smith Drummond

| SECRETARY: | Hugh Douglas Drummond

| REGISTERED OFFICE: | "The Glen"

| Glenside Farm

| Kirkcolm

| Stranraer

| Dumfries & Galloway

| DG9 0PT

| REGISTERED NUMBER: | SC035309 (Scotland)

| ACCOUNTANTS: | Stewart Gilmour & Co.

| Chartered Accountants

| 24 Beresford Terrace

| Ayr

| KA7 2EG

| BANKERS: | The Royal Bank of Scotland plc

| 15 Bridge Street

| Stranraer

| Dumfries & Galloway

| DG9 7JA

H.S. DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC035309)

BALANCE SHEET

31 MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 265,141 |  | 275,187 |  |

Investments | 5 | 7,944 |  | 7,944 |  |

273,085 |  | 283,131 |  |

CURRENT ASSETS

Debtors | 6 | 1,100,669 |  | 1,096,804 |  |

CREDITORS

Amounts falling due within one year | 7 | 553,025 |  | 557,297 |  |

NET CURRENT ASSETS | 547,644 |  | 539,507 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 820,729 |  | 822,638 |  |

PROVISIONS FOR LIABILITIES | 5,500 |  | 6,288 |  |

NET ASSETS | 815,229 |  | 816,350 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 30,000 |  | 30,000 |  |

Retained earnings | 785,229 |  | 786,350 |  |

SHAREHOLDERS' FUNDS | 815,229 |  | 816,350 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

H.S. DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC035309)

BALANCE SHEET - continued

31 MAY 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 Board of Directors and authorised for issue on 26 March 2026 and were signed on its behalf by:

Hugh Douglas Drummond - Director

H.S. DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC035309)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| H.S. Drummond (Glenside) Limited is a private company, limited by shares , registered in Scotland. 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 H.S. Drummond (Glenside) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover represents the net invoice value of produce supplied to customers.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Capital expenditure on property | - | 4% on cost

| Plant and equipment | - | 12.5% on reducing balance

| Tractors and farm bikes | - | 20% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

| Investments

| Fixed asset investments are stated at cost less any provision for permanent diminution in value. For listed investments, market value is based on the closing mid-market price on a recognised stock exchange.

H.S. DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC035309)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Government grants

| Grants received in respect of expenditure charged to the profit and loss account during the year have been included in the profit and loss. The remainder are deferred and are released to the profit and loss either to match the relevant expenditure, or, in the case of government grants received in respect of capital expenditure, over the expected useful lives of the related fixed assets.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised under tangible fixed assets in the balance sheet and depreciated over their estimated useful lives. The interest element of the rental obligations is charged to the profit and loss account over the period of the contract and represents a constant proportion of the balance of capital outstanding.

| Rentals payable on operating leases are charged to income on a straight line basis over the term of the agreement.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024

| and 31 May 2025 | 295,230 |  | 269,868 |  | 565,098 |  |

| DEPRECIATION

| At 1 June 2024 | 53,136 |  | 236,775 |  | 289,911 |  |

| Charge for year | 5,904 |  | 4,142 |  | 10,046 |  |

| At 31 May 2025 | 59,040 |  | 240,917 |  | 299,957 |  |

| NET BOOK VALUE

| At 31 May 2025 | 236,190 |  | 28,951 |  | 265,141 |  |

| At 31 May 2024 | 242,094 |  | 33,093 |  | 275,187 |  |

| The net book value of the company's fixed assets at 31 May 2025 included £nil of plant and machinery held under hire purchase contracts (2024 - £nil).

5. | FIXED ASSET INVESTMENTS

| Shares in |

| group |  | Other |

| undertakings |  | investments |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024

| and 31 May 2025 | 100 |  | 7,844 |  | 7,944 |  |

| NET BOOK VALUE

| At 31 May 2025 | 100 |  | 7,844 |  | 7,944 |  |

| At 31 May 2024 | 100 |  | 7,844 |  | 7,944 |  |

H.S. DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC035309)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

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

2025 | 2024 |

£ | £ |

| Other debtors | 1,100,669 |  | 1,096,804 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 15,855 |  | 14,557 |  |

| Trade creditors | 421 |  | 1,217 |  |

| Taxation and social security | 4,712 |  | 4,893 |  |

| Other creditors | 532,037 |  | 536,630 |  |

553,025 |  | 557,297 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdrafts | 15,855 |  | 14,557 |  |

| The bank loans and overdraft facilities are secured by a £200,000 personal guarantee from director H D Drummond and by a first standard security over the farm and lands of Glenside and Low Barbeth.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 30,000 | Ordinary "A", "B" and "C" | £1 | 30,000 |  | 30,000 |  |

10. | ULTIMATE CONTROLLING PARTY

| Immediate and ultimate control is exercised collectively by the members of the Drummond family. Mr A S Drummond, Mr T M Drummond and Mr D M Drummond each hold a third of the issued ordinary share capital.