This report was approved by the board of directors on 03 June 2026
and signed on behalf of the board by:

Name: Robert Dempster
Status: Director

Initial Recognition Investments are initially recognised at cost, which includes transaction costs directly attributable to the acquisition. Subsequent Measurement The Company applies the following measurement bases: After acquisition, investments are subsequently carried at cost less any provision for impairment. Derecognition Investments are derecognised when the rights to receive cash flows from the investments have expired or have been transferred, and the Company has transferred substantially all the risks and rewards of ownership. Income and Gains Dividend Income: Dividend income is recognised when the Company’s right to receive payment is established. Realised and Unrealised Gains/Losses: Realised gains and losses on the disposal of investments are the difference between the net disposal proceeds and the carrying amount. Unrealised gains and losses represent the change in fair value during the period and are recognised the profit and loss account. Impairment The Company assesses at each balance sheet date whether there is objective evidence that an investment is impaired. If any such evidence exists, the carrying amount of the investment is reduced to its recoverable amount, and the impairment loss is recognised immediately in the profit and loss account.

Corporation Tax 5061 Other taxation 10786 Other creditors 255003 Total 270850 Previous year figures Corporation Tax 0 Other taxation 2996 Other creditors 400000 Total 402996