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REGISTERED NUMBER: 11169396 (England and Wales)

| APG PRODUCE LIMITED |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 NOVEMBER 2025 |

APG PRODUCE LIMITED (REGISTERED NUMBER: 11169396)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |  | to |  | 5

APG PRODUCE LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 NOVEMBER 2025

| DIRECTORS: | B H Cleghorn

| R Landymore

| SECRETARY: | O F Booth

| REGISTERED OFFICE: | The Bungalow

| Northgate

| Pinchbeck

| Spalding

| Lincolnshire

| PE11 3SQ

| REGISTERED NUMBER: | 11169396 (England and Wales)

| AUDITORS: | Duncan & Toplis Audit Limited, Statutory Auditor

| Enterprise Way

| Pinchbeck

| Spalding

| Lincolnshire

| PE11 3YR

APG PRODUCE LIMITED (REGISTERED NUMBER: 11169396)

STATEMENT OF FINANCIAL POSITION

30 NOVEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 1,583,275 |  | 1,365,918 |  |

Cash at bank | 5 | 144,036 |  | 233,749 |  |

1,727,311 |  | 1,599,667 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,452,416 |  | 1,370,766 |  |

NET CURRENT ASSETS | 274,895 |  | 228,901 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 274,895 |  | 228,901 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 200 |  | 200 |  |

Retained earnings | 274,695 |  | 228,701 |  |

SHAREHOLDERS' FUNDS | 274,895 |  | 228,901 |  |

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 21 May 2026 and were signed on its behalf by:

R Landymore - Director

APG PRODUCE LIMITED (REGISTERED NUMBER: 11169396)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1. | STATUTORY INFORMATION

| APG Produce 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 (£).

| The principal activity of the Company is importing and supplying fresh produce to the UK Retail, freshly prepared and wholesale markets.

| The financial statements have been rounded to the nearest £1.

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.

| The following principal accounting policies have been applied:

| Revenue

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebated, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Sale of goods

| Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

| - the Company has transferred the significant risks and rewards of ownership to the buyer;

| - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

| - the amount of revenue can be measured reliably;

| - it is probable that the Company will receive the consideration due under the transaction; and

| - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Financial reporting standard 102 - reduced disclosure exemptions

| The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| - the requirements of Section 7 Statement of Cash Flows;

| - the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

| - the requirements of Section 11 Financial Instruments paragraphs 11.42, 44.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

| - the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

| - the requirements of Section 33 Related Party Disclosures paragraphs 33.7.

| This information is included in the consolidated financial statements of Fresh Hub Group Limited as at 30 November 2025 and these financial statements may be obtained from The Bungalow, Northgate, Pinchbeck, Spalding, Lincolnshire, PE11 3SQ.

| Taxation

| Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an items recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

| The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operated and generates income.

APG PRODUCE LIMITED (REGISTERED NUMBER: 11169396)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Foreign currency transaction

| Transactions in foreign currencies are translated into the functional currency using the spot exchange rates at the date of transactions.

| At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

| Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

| Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within -finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

| Pension costs and other post-retirement benefits

| The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

| The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

| Going concern

| The financial statements have been prepared on a going concern basis. The Directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment.

| During the year, the Company has increased revenues and profits. These results have been maintained post year end. The Company has strong net assets including healthy cash reserves.

| Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.

| Debtors

| Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Creditors

| Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Financial instruments

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

| Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

APG PRODUCE LIMITED (REGISTERED NUMBER: 11169396)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

3. | EMPLOYEES AND DIRECTORS

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

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

2025 | 2024 |

£ | £ |

| Trade debtors | 820,382 |  | 1,255,979 |  |

| Other debtors | 762,893 |  | 109,939 |  |

1,583,275 |  | 1,365,918 |  |

5. | CASH AT BANK

2025 | 2024 |

£ | £ |

| Bank current account | 144,036 |  | 233,749 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 554,991 |  | 208,143 |  |

| Amounts owed to group undertakings | 752,533 |  | 996,437 |  |

| Taxation and social security | 15,397 |  | 15,716 |  |

| Other creditors | 129,495 |  | 150,470 |  |

1,452,416 |  | 1,370,766 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 200 | Ordinary | £1 | 200 |  | 200 |  |

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

| The Report of the Auditors was unqualified.

| Alistair Main FCA (Senior Statutory Auditor)

| for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

9. | CONTROLLING PARTY

| The immediate and ultimate parent undertaking is Fresh Hub Group Limited, a company incorporated in England and Wales. Fresh Hub Group Limited is the parent undertaking of the only group of undertakings to consolidate its financial statements at 30 November 2025.

| The Directors consider that there is no ultimate controlling party.