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REGISTERED NUMBER: 14205355 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| LIPSCORE UK LTD |

| LIPSCORE UK LTD (REGISTERED NUMBER: 14205355) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Balance Sheet | 1 |

| LIPSCORE UK LTD (REGISTERED NUMBER: 14205355) |

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

£ | £ | £ | £ |

FIXED ASSETS | 5,613 |  | 8,674 |  |

CURRENT ASSETS | 66,043 |  | 66,702 |  |

CREDITORS

Amounts falling due within one year | (347,914 | ) | (215,603 | ) |

NET CURRENT LIABILITIES | (281,871 | ) | (148,901 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (276,258 | ) | (140,227 | ) |

CREDITORS

Amounts falling due after more than one year | (101,386 | ) | (34,887 | ) |

NET LIABILITIES | (377,644 | ) | (175,114 | ) |

CAPITAL AND RESERVES | (377,644 | ) | (175,114 | ) |

NOTES TO THE FINANCIAL STATEMENTS

1. | STATUTORY INFORMATION

| LIPSCORE UK LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 14205355

| Registered office: | 9 Commerce Road

| Lynchwood

| Peterborough

| Cambridgeshire

| PE2 6LR

| LIPSCORE UK LTD (REGISTERED NUMBER: 14205355) |

BALANCE SHEET - continued

31 DECEMBER 2025

NOTES TO THE FINANCIAL STATEMENTS

2. | RELATED PARTY DISCLOSURES

| Loan Agreements 4 June 2024 and 1 March 2025

| The company has received loans of £265,876 (2024: 115,883) as at balance sheet date from Mivestor AS. Under the terms of those agreements dated 4 June 2024 and 1 March 2025, in the event that the franchise rights are sold within four years of the loan date, an additional dividend payment would become due as follows:

| Loan Repayment Terms and possible Contingent Liability

| In the event LipScore UK Ltd sells its franchise rights within 12 months from the disbursement date, the borrower shall repay the loan principal plus an additional 25% of the loan principal.

| In the event LipScore UK Ltd sells its franchise rights within 24 months from the disbursement date, the borrower shall repay the loan principal plus an additional 50% of the loan principal.

| In the event LipScore UK Ltd sells its franchise rights within 36 months from the disbursement date, the borrower shall repay the loan principal plus an additional 75% of the loan principal.

| In the event LipScore UK Ltd sells its franchise rights within 48 months from the disbursement date, the borrower shall repay the loan principal plus an additional 100% of the loan principal.

| Loan Agreement 24 October 2025 and 1 December 2025

| The company has received loans of £26,500 from Kevin Bull, £7,500 from Mark Smith and £265,876 from Mivestor AS as at balance sheet date. Under the terms of those agreements dated 4 June 2024 and 1 March 2025, in the event of a successful exit event the loan would be repayable and an additional dividend payment of 100% of the loan principal.

| Recognition of Contingent Liabilities

| At the balance sheet date, no sale of franchise rights or successful exit is considered probable yet in the immediate future and therefore no provision has been recognised yet on the balance sheet, until probable.

| Under FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime

3. | AVERAGE NUMBER OF EMPLOYEES

| The average number of employees during the year was 14 (2024 - 9 ) .

4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025 | 2024 |

£ | £ |

| K R Bull

| Balance outstanding at start of year | (196 | ) | (44 | ) |

| Amounts advanced | 745 |  | 20,689 |  |

| Amounts repaid | (593 | ) | (20,841 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (44 | ) | (196 | ) |

| LIPSCORE UK LTD (REGISTERED NUMBER: 14205355) |

BALANCE SHEET - continued

31 DECEMBER 2025

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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 5 June 2026 and were signed by:

K R Bull - Director