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REGISTERED NUMBER: 07147675 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

NEW BRANDS LTD

NEW BRANDS LTD (REGISTERED NUMBER: 07147675)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Balance sheet | 1 |

Notes to the financial statements | 3 |

NEW BRANDS LTD (REGISTERED NUMBER: 07147675)

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 4 | 28,064 |  | 38,644 |  |

Current assets

Stocks | - |  | 15,584 |  |

Debtors | 5 | 115,727 |  | 355,476 |  |

Cash at bank | 180 |  | 446 |  |

115,907 |  | 371,506 |  |

Creditors

Amounts falling due within one year | 6 | 130,534 |  | 359,609 |  |

Net current (liabilities)/assets | (14,627 | ) | 11,897 |  |

Total assets less current liabilities | 13,437 |  | 50,541 |  |

Creditors

Amounts falling due after more than one year | 7 | (8,005 | ) | (42,400 | ) |

Provisions for liabilities | 10 | (5,332 | ) | (7,342 | ) |

Net assets | 100 |  | 799 |  |

Capital and reserves

Called up share capital | 11 | 100 |  | 100 |  |

Retained earnings | - |  | 699 |  |

Shareholders' funds | 100 |  | 799 |  |

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 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.

NEW BRANDS LTD (REGISTERED NUMBER: 07147675)

BALANCE SHEET - continued

31 DECEMBER 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2026 and were signed on its behalf by:

Mr L New - Director

NEW BRANDS LTD (REGISTERED NUMBER: 07147675)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | Statutory information

| New Brands Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07147675. The registered office is Faulkner House, 31 West Street, Wimborne, Dorset, BH21 1JS, and business address is 17 Factory Road, Upton, Poole, Dorset, BH16 5SN.

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.

| Turnover

| Turnover represents income generated from the sale of shoes, net of VAT where applicable.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Stocks

| Stock is valued at the lower of cost and net realisable value. Provision is made for obsolete, slow moving or defective items where appropriate.

| 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 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

NEW BRANDS LTD (REGISTERED NUMBER: 07147675)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | Accounting policies - continued

| Financial instruments

| Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

| At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. | Employees and directors

| The average number of employees during the year was 2 (2024 - 3 ) .

4. | Tangible fixed assets

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| Cost

| At 1 January 2025 | 574 |  | 93,000 |  | 11,071 |  | 104,645 |  |

| Additions | 266 |  | - |  | 1,744 |  | 2,010 |  |

| Disposals | (840 | ) | - |  | (10,638 | ) | (11,478 | ) |

| At 31 December 2025 | - |  | 93,000 |  | 2,177 |  | 95,177 |  |

| Depreciation

| At 1 January 2025 | 391 |  | 57,035 |  | 8,575 |  | 66,001 |  |

| Charge for year | - |  | 8,991 |  | 363 |  | 9,354 |  |

| Eliminated on disposal | (391 | ) | - |  | (7,851 | ) | (8,242 | ) |

| At 31 December 2025 | - |  | 66,026 |  | 1,087 |  | 67,113 |  |

| Net book value

| At 31 December 2025 | - |  | 26,974 |  | 1,090 |  | 28,064 |  |

| At 31 December 2024 | 183 |  | 35,965 |  | 2,496 |  | 38,644 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| Cost

| At 1 January 2025

| and 31 December 2025 | 93,000 |  |

| Depreciation

| At 1 January 2025 | 57,035 |  |

| Charge for year | 8,991 |  |

| At 31 December 2025 | 66,026 |  |

| Net book value

| At 31 December 2025 | 26,974 |  |

| At 31 December 2024 | 35,965 |  |

NEW BRANDS LTD (REGISTERED NUMBER: 07147675)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

5. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 245,012 |  |

| Other debtors | 1,500 |  | - |  |

| Directors' current accounts | 109,644 |  | 106,382 |  |

| VAT | - |  | 3,353 |  |

| Prepayments and accrued income | 4,583 |  | 729 |  |

115,727 |  | 355,476 |  |

6. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 25,452 |  | 36,344 |  |

| Other loans | 31,359 |  | 119,470 |  |

| Hire purchase contracts (see note 8) | 39,625 |  | 18,269 |  |

| Trade creditors | 5,463 |  | 130,479 |  |

| Tax | 24,389 |  | 25,183 |  |

| VAT | 76 |  | - |  |

| Accruals and deferred income | 4,170 |  | 29,864 |  |

130,534 |  | 359,609 |  |

7. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 1,538 |  | 4,688 |  |

| Bank loans - 2-5 years | 5,578 |  | - |  |

| Bank loans more 5 yr by instal | 889 |  | - |  |

| Hire purchase contracts (see note 8) | - |  | 37,712 |  |

8,005 |  | 42,400 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 889 |  | - |  |

8. | Leasing agreements

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 39,625 |  | 18,269 |  |

| Between one and five years | - |  | 37,712 |  |

39,625 |  | 55,981 |  |

NEW BRANDS LTD (REGISTERED NUMBER: 07147675)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

8. | Leasing agreements - continued

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | - |  | 864 |  |

9. | Secured debts

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdrafts | 24,404 |  | 25,093 |  |

| Hire purchase contracts | 39,625 |  | 55,981 |  |

64,029 |  | 81,074 |  |

| Amounts owing under hire purchase agreements are secured against the assets to which they relate.

| All monies and liabilities owed to Lloyds Bank PLC with the exception of the Bounce Back loan of £9,053, are secured by way of a debenture deed, dated 25 May 2010, over all the assets of the company.

10. | Provisions for liabilities

2025 | 2024 |

£ | £ |

| Deferred tax | 5,332 |  | 7,342 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 7,342 |  |

| Credit to Income statement during year | (2,010 | ) |

| Balance at 31 December 2025 | 5,332 |  |

11. | Called up share capital

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 96 | Ordinary | £1.00 | 96 |  | 96 |  |

| 4 | Ordinary A | £1.00 | 4 |  | 4 |  |

100 |  | 100 |  |

NEW BRANDS LTD (REGISTERED NUMBER: 07147675)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

12. | Directors' advances, credits and guarantees

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

2025 | 2024 |

£ | £ |

| Mrs S New

| Balance outstanding at start of year | 53,191 |  | 24,914 |  |

| Amounts advanced | 22,371 |  | 48,029 |  |

| Amounts repaid | (20,740 | ) | (19,752 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 54,822 |  | 53,191 |  |

| Mr L New

| Balance outstanding at start of year | 53,191 |  | 34,972 |  |

| Amounts advanced | 8,797 |  | 49,015 |  |

| Amounts repaid | (7,166 | ) | (30,796 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 54,822 |  | 53,191 |  |

| At the year end the directors Mr L New and Mrs S New each owed the company £54,822.

| These balances were repaid in full within nine months of the year end.

13. | Ultimate controlling party

| The company is controlled by the directors, Mr & Mrs L New, who between them own 96% of the issued share capital.