Company No: 12415784 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Investments	3	81		81
		81		81
Current assets
Debtors
- due after more than one year	4	277,492		0
Cash at bank and in hand		6,519		258,389
		284,011		258,389
Creditors: amounts falling due within one year	5	( 262,795)		( 225,154)
Net current assets		21,216		33,235
Total assets less current liabilities		21,297		33,316
Net assets		21,297		33,316
Capital and reserves
Called-up share capital	6	7		7
Capital redemption reserve		1		1
Profit and loss account		21,289		33,308
Total shareholder's funds		21,297		33,316

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Endeavour Newco 12 Limited (registered number: 12415784) were approved and authorised for issue by the Board of Directors on 26 May 2026. They were signed on its behalf by:

J G Banfield Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Endeavour Newco 12 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Barn, Wytham, Oxford, OX2 8QJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net assets of £21,297. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		7

3. Fixed asset investments

Investments in subsidiaries

	2026
	£
Cost
At 01 February 2025	81
At 31 January 2026	81
Carrying value at 31 January 2026	81
Carrying value at 31 January 2025	81

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.01.2026	Ownership 31.01.2025	Held
FAI Farms Limited	The Barn, Wytham, Oxford, England, OX2 8QJ	Mixed farming	Ordinary	100.00%	100.00%	Direct
FAI Farms Inc	329 Monroe Street #1, New York, NY11216, USA	Mixed Farming	Ordinary	100.00%	0.00%	Direct

4. Debtors

	2026		2025
	£		£
Debtors: amounts falling due after more than one year
Amounts owed by Parent undertakings	277,492		0

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Amounts owed to Group undertakings	236,815		0
Amounts owed to own subsidiaries	0		193,758
Taxation and social security	0		5,616
Other creditors	25,980		25,780
	262,795		225,154

6. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
7 Ordinary shares of £ 1.00 each	7		7

7. Ultimate controlling party

Parent Company:

FAI Farms Holdings Ltd

There is no ultimate controlling party of FAI Farms Holdings Ltd.