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REGISTERED NUMBER: 05868600 (England and Wales)

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| DDFI LIMITED |

DDFI LIMITED (REGISTERED NUMBER: 05868600)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Group Strategic Report | 2 |

Report of the Directors | 3 |

Report of the Independent Auditors | 4 |

Consolidated Statement of Income and Retained Earnings | 7 |

Consolidated Balance Sheet | 8 |

Company Balance Sheet | 9 |

Consolidated Cash Flow Statement | 10 |

Notes to the Consolidated Cash Flow Statement | 11 |

Notes to the Consolidated Financial Statements | 12 |

DDFI LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | R J Booth

| Mrs C Dodd

| N A Bate

| SECRETARY: | R J Booth

| REGISTERED OFFICE: | Oswaldtwistle Mills Business &

| Conference Centre

| Pickup Street

| Accrington

| BB5 0EY

| REGISTERED NUMBER: | 05868600 (England and Wales)

| AUDITORS: | Shaw Gibbs (Audit) Limited

| Chartered Certified Accountants

| Statutory Auditor

| 25 St Thomas Street

| Winchester

| Hampshire

| SO23 9HJ

DDFI LIMITED (REGISTERED NUMBER: 05868600)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

Review of the business

The group's primary trading activities consist of:

1) A retail trading activity which is operated through two wholly owned subsidiary companies called Tweedmill Factory Shopping Limited and Oswaldtwistle Mills Limited.

2) The company owns a portfolio of investment properties. The directors consider the performance of this activity to be satisfactory.

3) The company has two investment portfolios which are managed by independent investment managers.

The full results are set out in the attached financial statements. The directors consider the state of the affairs of the company to be satisfactory considering the current economic climate and the company has a strong platform to build on for the coming years.

Key performance indicators

The groups investment managers produce quarterly reports analysing the performance of the investment portfolio. The directors review these reports to ensure that cash managed by the investment managers is being invested profitably.

The directors review the occupancy rates of the company's investment properties at regular intervals.

The groups retail trading subsidiaries use 'non financial' key performance indicators such as footfall and number of coach visits to monitor the progress of the business.

Principal risks and uncertainties

The directors aim to minimise the financial risk to the group and manage this as follows:

Credit risk

The company carefully monitors the collection of rental income in order that tenants do not fall behind with their obligations.

Liquidity risk

The company controls cashflow by careful budgeting which ensures liquidity is maintained.

Currency risk

The company does not have a significant currency risk exposure although some of its investments may be held in foreign currencies.

ON BEHALF OF THE BOARD:

R J Booth - Director

24 June 2026

DDFI LIMITED (REGISTERED NUMBER: 05868600)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 MARCH 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

R J Booth

Mrs C Dodd

N A Bate

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

R J Booth - Director

24 June 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

DDFI LIMITED

Opinion

We have audited the financial statements of DDFI Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's loss for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

DDFI LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

DDFI LIMITED

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

We obtained an understanding of the legal and regulatory framework applicable to the group via discussions with the directors and our previous knowledge of the group. This identified that the most significant laws and regulations relate to the form and content of the financial statements such as the UK Companies Act 2006 and Financial Reporting Standard 102. The group complies with these laws and regulations by using appropriately qualified professionals to prepare the financial statements.

As part of our planning process we assessed susceptibility of the group's financial statements to material misstatements, including how fraud might occur by making an assessment of the key risks. The key risks identified in respect of DDFI Limited and it's subsidiaries are revenue recognition, the valuation of investment properties and management override. The directors confirmed no actual, suspected or alleged cases of fraud.

Based on this assessment we designed our audit procedures to address these key risk areas with an emphasis on testing sales cut off and testing controls in place in respect of sales, those areas susceptible to management override including testing manual journals and making enquiries of management and assessing the validity of the investment property valuations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

David Barr FCA (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited

Chartered Certified Accountants

Statutory Auditor

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

24 June 2026

DDFI LIMITED (REGISTERED NUMBER: 05868600)

CONSOLIDATED STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

TURNOVER | 9,686,316 |  | 8,674,950 |  |

Cost of sales | 6,057,966 |  | 4,978,875 |  |

GROSS PROFIT | 3,628,350 |  | 3,696,075 |  |

Distribution costs | 108,277 |  | 152,633 |  |

Administrative expenses | 4,335,092 |  | 3,582,319 |  |

|  | 4,443,369 |  |  |  | 3,734,952 |  |

(815,019 | ) | (38,877 | ) |

Other operating income | 233,222 |  | 94,793 |  |

OPERATING (LOSS)/PROFIT | 4 | (581,797 | ) | 55,916 |  |

Income from fixed asset investments | 35,469 |  | 42,307 |  |

Interest receivable and similar income | 227,344 |  | 97,756 |  |

|  | 262,813 |  |  |  | 140,063 |  |

(318,984 | ) | 195,979 |  |

Gain/loss on revaluation of assets | (2,137,635 | ) | 8,230 |  |

(2,456,619 | ) | 204,209 |  |

Interest payable and similar expenses | 5 | - |  | 656 |  |

(LOSS)/PROFIT BEFORE TAXATION | (2,456,619 | ) | 203,553 |  |

Tax on (loss)/profit | 6 | (91,841 | ) | 211,854 |  |

LOSS FOR THE FINANCIAL YEAR | (2,364,778 | ) | (8,301 | ) |

Retained earnings at beginning of year | 5,369,925 |  | 5,378,226 |  |

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR | 3,005,147 |  | 5,369,925 |  |

Loss attributable to:

Owners of the parent | (2,364,778 | ) | (8,301 | ) |

DDFI LIMITED (REGISTERED NUMBER: 05868600)

CONSOLIDATED BALANCE SHEET

31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 8 | 2,123,016 |  | 1,400,076 |  |

Tangible assets | 9 | 16,761,237 |  | 16,607,359 |  |

Investments | 10 | 4,746,449 |  | 5,154,401 |  |

Investment property | 11 | 6,153,851 |  | 5,864,628 |  |

29,784,553 |  | 29,026,464 |  |

CURRENT ASSETS

Stocks | 12 | 1,571,152 |  | 1,035,970 |  |

Debtors | 13 | 669,862 |  | 339,975 |  |

Cash at bank and in hand | 869,841 |  | 1,248,598 |  |

3,110,855 |  | 2,624,543 |  |

CREDITORS

Amounts falling due within one year | 14 | 3,132,844 |  | 5,352,331 |  |

NET CURRENT LIABILITIES | (21,989 | ) | (2,727,788 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 29,762,564 |  | 26,298,676 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (14,357,710 | ) | (8,300,000 | ) |

PROVISIONS FOR LIABILITIES | 17 | (1,172,910 | ) | (1,401,954 | ) |

NET ASSETS | 14,231,944 |  | 16,596,722 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 11,226,797 |  | 11,226,797 |  |

Retained earnings | 19 | 3,005,147 |  | 5,369,925 |  |

SHAREHOLDERS' FUNDS | 14,231,944 |  | 16,596,722 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2026 and were signed on its behalf by:

R J Booth - Director

DDFI LIMITED (REGISTERED NUMBER: 05868600)

COMPANY BALANCE SHEET

31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 8 | - |  | - |  |

Tangible assets | 9 | 12,302 |  | 16,402 |  |

Investments | 10 | 7,140,203 |  | 7,548,155 |  |

Investment property | 11 | 6,153,851 |  | 5,864,627 |  |

13,306,356 |  | 13,429,184 |  |

CURRENT ASSETS

Debtors | 13 | 14,280,697 |  | 10,666,621 |  |

Cash at bank | 172,060 |  | 419,098 |  |

14,452,757 |  | 11,085,719 |  |

CREDITORS

Amounts falling due within one year | 14 | 338,693 |  | 2,952,726 |  |

NET CURRENT ASSETS | 14,114,064 |  | 8,132,993 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 27,420,420 |  | 21,562,177 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (14,357,710 | ) | (8,300,000 | ) |

PROVISIONS FOR LIABILITIES | 17 | (389,295 | ) | (410,115 | ) |

NET ASSETS | 12,673,415 |  | 12,852,062 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 11,226,797 |  | 11,226,797 |  |

Retained earnings | 19 | 1,446,618 |  | 1,625,265 |  |

SHAREHOLDERS' FUNDS | 12,673,415 |  | 12,852,062 |  |

Company's loss for the financial year | (178,647 | ) | (96,267 | ) |

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2026 and were signed on its behalf by:

R J Booth - Director

DDFI LIMITED (REGISTERED NUMBER: 05868600)

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | (256,577 | ) | 729,019 |  |

Interest paid | - |  | (656 | ) |

Tax paid | (156,133 | ) | (110,600 | ) |

Net cash from operating activities | (412,710 | ) | 617,763 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (1,273,930 | ) | - |  |

Purchase of tangible fixed assets | (2,622,739 | ) | (3,227,060 | ) |

Purchase of fixed asset investments | (1,567,509 | ) | (1,273,743 | ) |

Purchase of investment property | (289,223 | ) | (290,796 | ) |

Sale of intangible fixed assets | - |  | 1,836 |  |

Sale of tangible fixed assets | 14,750 |  | - |  |

Sale of fixed asset investments | 1,329,080 |  | 959,138 |  |

Fixed asset investment - other loans | (3,650,000 | ) | (400,000 | ) |

Fixed asset investment - loan repayments | 4,323,001 |  | 17,946 |  |

Interest received | 227,344 |  | 97,756 |  |

Dividends received | 35,469 |  | 42,307 |  |

Net cash from investing activities | (3,473,757 | ) | (4,072,616 | ) |

Cash flows from financing activities

New loans in year | 6,057,710 |  | 3,171,750 |  |

Loan repayments in year | - |  | (31,859 | ) |

Amount introduced by directors | 1,100,000 |  | - |  |

Amount withdrawn by directors | (3,650,000 | ) | (125,000 | ) |

Net cash from financing activities | 3,507,710 |  | 3,014,891 |  |

Decrease in cash and cash equivalents | (378,757 | ) | (439,962 | ) |

Cash and cash equivalents at beginning of year | 2 | 1,248,598 |  | 1,688,560 |  |

Cash and cash equivalents at end of year | 2 | 869,841 |  | 1,248,598 |  |

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

1. | RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 31.3.25 |  | 31.3.24

£ | £ |

| (Loss)/profit before taxation | (2,456,619 | ) | 203,553 |  |

| Depreciation charges | 880,944 |  | 804,906 |  |

| (Profit)/loss on disposal of fixed assets | (40,098 | ) | 5,035 |  |

| Loss/(gain) on revaluation of fixed assets | 2,137,635 |  | (8,230 | ) |

| Finance costs | - |  | 656 |  |

| Finance income | (262,813 | ) | (140,063 | ) |

259,049 |  | 865,857 |  |

| (Increase)/decrease in stocks | (535,182 | ) | 19,519 |  |

| Increase in trade and other debtors | (329,887 | ) | (175,504 | ) |

| Increase in trade and other creditors | 349,443 |  | 19,147 |  |

| Cash generated from operations | (256,577 | ) | 729,019 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 March 2025

| 31.3.25 |  | 1.4.24

£ | £ |

| Cash and cash equivalents | 869,841 |  | 1,248,598 |  |

| Year ended 31 March 2024

| 31.3.24 |  | 1.4.23

£ | £ |

| Cash and cash equivalents | 1,248,598 |  | 1,688,560 |  |

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1.4.24 | Cash flow | At 31.3.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 1,248,598 |  | (378,757 | ) | 869,841 |  |

1,248,598 |  | (378,757 | ) | 869,841 |  |

| Debt

| Debts falling due after 1 year | (8,300,000 | ) | (6,057,710 | ) | (14,357,710 | ) |

(8,300,000 | ) | (6,057,710 | ) | (14,357,710 | ) |

| Total | (7,051,402 | ) | (6,436,467 | ) | (13,487,869 | ) |

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| DDFI 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 General Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence for the foreseeable future.

| During the year the company met its working capital requirements through continued financial support received from two related party loans.

| These related parties have agreed to continue to provide such financial support as is necessary to enable DDFI Limited to meet its liabilities as they fall due and to carry on its business without any significant curtailment of operations for the 12 months following the approval of these accounts.

| Basis of consolidation

| The group accounts consolidate the accounts of the company and of its subsidiary undertakings. No profit and loss account is presented for DDFI Limited as permitted by Section 408 of the Companies Act 2006.

| Critical accounting judgements and key sources of estimation uncertainty

| In preparing these financial statements judgements have been made relating to the fair value of investment properties and other investments. The directors have valued these assets at current fair value with assistance where appropriate from independent professionals. However due to the nature of these investments they may increase or decrease in value in the future.

| Turnover

| Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of value added tax and trade discounts.

| Goodwill

| Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the profit and loss account over its estimated economic life of 5 years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | not provided

| Plant and machinery | - | 25% on cost, 25% on reducing balance, 15% on reducing balance, 15% on cost and 10% on cost

| Motor vehicles | - | 25% on reducing balance and 20% on reducing balance

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Freehold land and buildings, including all improvements, which are used in the group's own activities for the supply of goods and services or for administrative purposes are stated at cost. The directors review the carrying value each year and an adjustment is made if an impairment is considered permanent. The value of freehold buildings is not separately identified from land as the directors do not consider this provides any additional value to the shareholders. The directors are of the opinion that due to the high residual value any depreciation charge would be immaterial. Accordingly no deprecation is charged on freehold buildings.

| Plant and equipment are stated at cost less accumulated depreciation.

| Investment property

| Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

| Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

| Financial instruments

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| 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

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

| Fixed asset investments

| Shares in subsidiaries are valued at costs less provision for permanent impairment. Listed investments held as fixed assets are included at fair value and gains and losses are recognised in the income statement. Unlisted investments are included at cost less impairment where it is not possible to measure fair value reliably.

3. | EMPLOYEES AND DIRECTORS

| 31.3.25 |  | 31.3.24

£ | £ |

| Wages and salaries | 2,993,628 |  | 2,400,714 |  |

| Social security costs | 205,209 |  | 158,766 |  |

| Other pension costs | 282,107 |  | 221,387 |  |

3,480,944 |  | 2,780,867 |  |

| The average number of employees during the year was as follows:

| 31.3.25 |  | 31.3.24

| Shop, café, restaurant and admin staff | 182 |  | 150 |  |

| 31.3.25 |  | 31.3.24

£ | £ |

| Directors' remuneration | 104,780 |  | 88,097 |  |

| Directors' pension contributions to money purchase schemes | 82,610 |  | 62,934 |  |

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | OPERATING (LOSS)/PROFIT

| The operating loss (2024 - operating profit) is stated after charging/(crediting):

| 31.3.25 |  | 31.3.24

£ | £ |

| Other operating leases | 30,970 |  | 38,471 |  |

| Depreciation - owned assets | 329,953 |  | 360,077 |  |

| (Profit)/loss on disposal of fixed assets | (40,098 | ) | 5,035 |  |

| Goodwill amortisation | 550,990 |  | 444,829 |  |

| Auditors' remuneration | 32,616 |  | 29,400 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank interest | - |  | 548 |  |

| Bank and other loan interest | - |  | 108 |  |

- |  | 656 |  |

6. | TAXATION

| Analysis of the tax (credit)/charge

| The tax (credit)/charge on the loss for the year was as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| Current tax:

| UK corporation tax | 137,203 |  | 156,521 |  |

| Deferred tax | (229,044 | ) | 55,333 |  |

| Tax on (loss)/profit | (91,841 | ) | 211,854 |  |

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | TAXATION - continued

| Reconciliation of total tax (credit)/charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 31.3.25 |  | 31.3.24

£ | £ |

| (Loss)/profit before tax | (2,456,619 | ) | 203,553 |  |

| (Loss)/profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | (614,155 | ) | 50,888 |  |

| Effects of:

| Expenses not deductible for tax purposes | 6,041 |  | 7,213 |  |

| Income not taxable for tax purposes | (8,868 | ) | (10,576 | ) |

| Depreciation in excess of capital allowances | 50,172 |  | 8,365 |  |

| Utilisation of tax losses | 7,241 |  | (65,356 | ) |

| Adjustments to tax charge in respect of previous periods | - |  | 388 |  |

| Consolidation goodwill | 109,707 |  | 109,707 |  |

| Deferred tax | (207,659 | ) | 57,741 |  |

| Small companies rate adjustment | - |  | (266 | ) |

| Revaluation movement | 514,614 |  | - |  |

| Depreciation on non qualifying | 41,357 |  | 53,750 |  |

| Taxable items not in the accounts | 9,709 |  | - |  |

| Total tax (credit)/charge | (91,841 | ) | 211,854 |  |

7. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

8. | INTANGIBLE FIXED ASSETS

| Group

| Goodwill

£ |

| COST

| At 1 April 2024 | 2,490,480 |  |

| Additions | 1,273,930 |  |

| At 31 March 2025 | 3,764,410 |  |

| AMORTISATION

| At 1 April 2024 | 1,090,404 |  |

| Amortisation for year | 550,990 |  |

| At 31 March 2025 | 1,641,394 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,123,016 |  |

| At 31 March 2024 | 1,400,076 |  |

| Consolidation goodwill relates the acquisition of subsidiary undertakings. This is being written down over the expected useful life of 5 years.

9. | TANGIBLE FIXED ASSETS

| Group

| Freehold |  | Plant and |  | Motor |

| property |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 16,289,909 |  | 1,942,940 |  | 69,733 |  | 18,302,582 |  |

| Additions | 2,179,265 |  | 393,479 |  | 49,995 |  | 2,622,739 |  |

| Disposals | (328,075 | ) | (80,019 | ) | (24,578 | ) | (432,672 | ) |

| Revaluations | (2,337,779 | ) | - |  | - |  | (2,337,779 | ) |

| At 31 March 2025 | 15,803,320 |  | 2,256,400 |  | 95,150 |  | 18,154,870 |  |

| DEPRECIATION

| At 1 April 2024 | 441,967 |  | 1,219,291 |  | 33,965 |  | 1,695,223 |  |

| Charge for year | 165,428 |  | 147,135 |  | 17,390 |  | 329,953 |  |

| Eliminated on disposal | (328,075 | ) | (9,939 | ) | (14,209 | ) | (352,223 | ) |

| Revaluation adjustments | (279,320 | ) | - |  | - |  | (279,320 | ) |

| At 31 March 2025 | - |  | 1,356,487 |  | 37,146 |  | 1,393,633 |  |

| NET BOOK VALUE

| At 31 March 2025 | 15,803,320 |  | 899,913 |  | 58,004 |  | 16,761,237 |  |

| At 31 March 2024 | 15,847,942 |  | 723,649 |  | 35,768 |  | 16,607,359 |  |

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

9. | TANGIBLE FIXED ASSETS - continued

| Group

| Cost or valuation at 31 March 2025 is represented by:

| Freehold |  | Plant and |  | Motor |

| property |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| Valuation in 2025 | 4,200,000 |  | - |  | - |  | 4,200,000 |  |

| Cost | 11,603,320 |  | 2,256,400 |  | 95,150 |  | 13,954,870 |  |

15,803,320 |  | 2,256,400 |  | 95,150 |  | 18,154,870 |  |

| Company

| Motor

| vehicles

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 29,160 |  |

| DEPRECIATION

| At 1 April 2024 | 12,758 |  |

| Charge for year | 4,100 |  |

| At 31 March 2025 | 16,858 |  |

| NET BOOK VALUE

| At 31 March 2025 | 12,302 |  |

| At 31 March 2024 | 16,402 |  |

10. | FIXED ASSET INVESTMENTS

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Shares in group undertakings | - |  | - |  | 2,393,754 |  | 2,393,754 |  |

| Other investments not loans | 3,919,497 |  | 3,654,447 |  | 3,919,497 |  | 3,654,447 |  |

| Other loans | 826,952 |  | 1,499,954 |  | 826,952 |  | 1,499,954 |  |

4,746,449 |  | 5,154,401 |  | 7,140,203 |  | 7,548,155 |  |

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | FIXED ASSET INVESTMENTS - continued

| Additional information is as follows:

| Group

| Listed |  | Unlisted |

| investments |  | investments |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 3,441,037 |  | 213,410 |  | 3,654,447 |  |

| Additions | 609,678 |  | 957,831 |  | 1,567,509 |  |

| Disposals | (1,223,283 | ) | - |  | (1,223,283 | ) |

| Value adjustments | (79,176 | ) | - |  | (79,176 | ) |

| At 31 March 2025 | 2,748,256 |  | 1,171,241 |  | 3,919,497 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,748,256 |  | 1,171,241 |  | 3,919,497 |  |

| At 31 March 2024 | 3,441,037 |  | 213,410 |  | 3,654,447 |  |

| Cost or valuation at 31 March 2025 is represented by:

| Listed |  | Unlisted |

| investments |  | investments |  | Totals

£ | £ | £ |

| Valuation in 2024 | 789,184 |  | - |  | 789,184 |  |

| Valuation in 2025 | (79,176 | ) | - |  | (79,176 | ) |

| Cost | 2,038,248 |  | 1,171,241 |  | 3,209,489 |  |

2,748,256 |  | 1,171,241 |  | 3,919,497 |  |

| Company

| Shares in |

| group |  | Listed |  | Unlisted |

| undertakings |  | investments |  | investments |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 2,393,754 |  | 3,441,037 |  | 213,410 |  | 6,048,201 |  |

| Additions | - |  | 609,678 |  | 957,831 |  | 1,567,509 |  |

| Disposals | - |  | (1,223,283 | ) | - |  | (1,223,283 | ) |

| Value adjustments | - |  | (79,176 | ) | - |  | (79,176 | ) |

| At 31 March 2025 | 2,393,754 |  | 2,748,256 |  | 1,171,241 |  | 6,313,251 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,393,754 |  | 2,748,256 |  | 1,171,241 |  | 6,313,251 |  |

| At 31 March 2024 | 2,393,754 |  | 3,441,037 |  | 213,410 |  | 6,048,201 |  |

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | FIXED ASSET INVESTMENTS - continued

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiaries

| Maerdy Mawr Farm Limited - company number: 05518735

| Registered office: Oswaldtwistle Mills Business & Conference Centre, Pickup Street, Accrington, England, BB5 0EY.

| Nature of business: Letting of land

| %

| Class of shares: | holding |

| Ordinary A, B, C and D | 100.00 |

| 31.3.25 |  | 31.3.24

£ | £ |

| Aggregate capital and reserves | 1,989 |  | 4,248 |  |

| (Loss)/profit for the year | (2,259 | ) | 3,582 |  |

| DDFI Limited has guaranteed all outstanding liabilities of this company for the financial year ending 31 March 2025 thus entitling it to exemption from audit under Section 479A.

| The Garden Mills Retail Group Limited: company number: 02840101

| Registered office: Oswaldtwistle Mills Business & Conference Centre, Pickup Street, Accrington, BB5 0EY.

| Nature of business: Retailer

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31.3.25 |  | 31.3.24

£ | £ |

| Aggregate capital and reserves | 2,666,606 |  | 2,563,342 |  |

| Profit for the year | 103,263 |  | 270,926 |  |

| Nfield Holdings Limited Company number: 01863726

| Registered office: Clifton Mill, Pickup Street, Oswaldtwistle, Accrington, Lancashire, BB5 0EY

| Nature of business: Holding company

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31.3.25 |  | 31.3.24

£ | £ |

| Aggregate capital and reserves | (451,138 | ) | (451,138 | ) |

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | FIXED ASSET INVESTMENTS - continued

| Oswaldtwistle Mills Limited Company number: 02928759

| Registered office: Clifton Mill, Pickup Street, Oswaldtwistle, Accrington, Lancashire, BB5 0EY

| Nature of business: Retailer

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31.3.25 |  | 31.3.24

£ | £ |

| Aggregate capital and reserves | 1,043,238 |  | 2,891,548 |  |

| Loss for the year | (408,163 | ) | (48,925 | ) |

| The Kitchen Dresser Company Limited Company number: 05183249

| Registered office: Oswaldtwistle Mills Business & Conference Centre, Pickup Street, Accrington, England, BB5 0EY.

| Nature of business: Dormant

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31.3.25 |  | 31.3.24

£ | £ |

| Aggregate capital and reserves | 1 |  | 1 |  |

| Loss for the year | - |  | (12,108 | ) |

| Group

| Other

| loans

£ |

| At 1 April 2024 | 1,499,954 |  |

| New in year | 3,650,000 |  |

| Repayment in year | (4,323,002 | ) |

| At 31 March 2025 | 826,952 |  |

| Company

| Other

| loans

£ |

| At 1 April 2024 | 1,499,954 |  |

| New in year | 3,650,000 |  |

| Repayment in year | (4,323,002 | ) |

| At 31 March 2025 | 826,952 |  |

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

11. | INVESTMENT PROPERTY

| Group

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 5,864,628 |  |

| Additions | 289,223 |  |

| At 31 March 2025 | 6,153,851 |  |

| NET BOOK VALUE

| At 31 March 2025 | 6,153,851 |  |

| At 31 March 2024 | 5,864,628 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2022 | 805,996 |  |

| Valuation in 2023 | 355,744 |  |

| Valuation in 2024 | (326,869 | ) |

| Valuation in 2025 | (1,573 | ) |

| Cost | 5,320,553 |  |

6,153,851 |  |

| Company

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 5,864,627 |  |

| Additions | 289,224 |  |

| At 31 March 2025 | 6,153,851 |  |

| NET BOOK VALUE

| At 31 March 2025 | 6,153,851 |  |

| At 31 March 2024 | 5,864,627 |  |

| The directors have reviewed the valuations of the properties at 31 March 2025 and adjustments to the fair value have been made where it was considered to be appropriate.

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2022 | 805,996 |  |

| Valuation in 2023 | 355,744 |  |

| Valuation in 2024 | (326,869 | ) |

| Cost | 5,318,980 |  |

6,153,851 |  |

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

12. | STOCKS

| Group |

| 31.3.25 |  | 31.3.24 |

£ | £ |

| Stocks | 1,571,152 |  | 1,035,970 |  |

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

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Trade debtors | 254,400 |  | 157,926 |  | 159,544 |  | 79,645 |  |

| Amounts owed by group undertakings | - |  | - |  | 14,072,249 |  | 10,547,930 |  |

| Other debtors | 206,245 |  | 78,568 |  | 20,797 |  | 21,943 |  |

| Prepayments and accrued income | 209,217 |  | 103,481 |  | 28,107 |  | 17,103 |  |

669,862 |  | 339,975 |  | 14,280,697 |  | 10,666,621 |  |

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

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Trade creditors | 1,381,815 |  | 952,166 |  | 85,476 |  | 52,969 |  |

| Tax | 137,203 |  | 156,133 |  | - |  | - |  |

| Social security and other taxes | 45,249 |  | 28,026 |  | - |  | - |  |

| VAT | 289,151 |  | 316,140 |  | 11,763 |  | 9,616 |  |

| Other creditors | 856,239 |  | 686,535 |  | 7,084 |  | 8,032 |  |

| Directors' current accounts | 200,000 |  | 2,750,000 |  | 200,000 |  | 2,750,000 |  |

| Accruals and deferred income | 223,187 |  | 463,331 |  | 34,370 |  | 132,109 |  |

3,132,844 |  | 5,352,331 |  | 338,693 |  | 2,952,726 |  |

15. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Other loans (see note 16) | 14,357,710 |  | 8,300,000 |  | 14,357,710 |  | 8,300,000 |  |

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

16. | LOANS

| An analysis of the maturity of loans is given below:

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Amounts falling due between one and two | years: |

| Other loans - 1-2 years | 14,357,710 |  | 8,300,000 |  | 14,357,710 |  | 8,300,000 |  |

17. | PROVISIONS FOR LIABILITIES

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Deferred tax

| Accelerated capital allowances | 786,690 |  | 728,332 |  | 3,075 |  | 4,101 |  |

| Property revaluation | 386,220 |  | 689,014 |  | 386,220 |  | 406,014 |  |

| Losses | - |  | (15,392 | ) | - |  | - |  |

1,172,910 |  | 1,401,954 |  | 389,295 |  | 410,115 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 1,401,954 |  |

| Charge (release) in the year | (229,044 | ) |

| Balance at 31 March 2025 | 1,172,910 |  |

| Company

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 410,115 |  |

| Increase (decrease) | (20,820 | ) |

| Balance at 31 March 2025 | 389,295 |  |

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 7,726,797 | Ordinary | £1 | 7,726,797 |  | 7,726,797 |  |

| 3,500,000 | Preference | £1 | 3,500,000 |  | 3,500,000 |  |

11,226,797 |  | 11,226,797 |  |

DDFI LIMITED (REGISTERED NUMBER: 05868600)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

18. | CALLED UP SHARE CAPITAL - continued

| Preference shares are redeemable at the sole option of the company. There is no specific redemption date.

19. | RESERVES

| Group

| Retained

| earnings

£ |

| At 1 April 2024 | 5,369,925 |  |

| Deficit for the year | (2,364,778 | ) |

| At 31 March 2025 | 3,005,147 |  |

| Company

| Retained

| earnings

£ |

| At 1 April 2024 | 1,625,265 |  |

| Deficit for the year | (178,647 | ) |

| At 31 March 2025 | 1,446,618 |  |

20. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

| Key management personnel include all statutory directors who together have authority and responsibility for planning, directing and controlling the activities of the group. The total compensation paid to key management personnel amounted to £187,390 (31.03.24: £151,031).

| Included within creditors due after one year is a loan of £14,357,710 (2024: £8,300,000) from a related party. The loan carries interest at a rate of 1% or such other rate as may be agreed between the lender and the borrower from time to time. It was agreed that a rate of nil% would be charged in the year to 31st March 2025.

21. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is R J Booth.

22. | GENERAL INFORMATION

| DDFI Limited is a limited company incorporated in England. It's registered office address is disclosed on page 1. The principal activity is that of a holding company. The financial statements are presented in Sterling, which is also the functional currency of the Company.