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REGISTERED NUMBER: 01041364 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST DECEMBER 2025 |

| FOR |

| SPI GLOBAL PLAY LIMITED |

| SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| SPI GLOBAL PLAY LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2025

| DIRECTORS: | J Wettergren

| P K Boyes

| REGISTERED OFFICE: | Unit C Spectrum Business Park

| Bridge Road South

| Wrexham Industrial Estate

| Wrexham

| LL13 9QA

| REGISTERED NUMBER: | 01041364 (England and Wales)

| AUDITORS: | M. D. Coxey and Co. Limited

| Chartered Accountants

| and Statutory Auditors

| 25 Grosvenor Road

| Wrexham

| LL11 1BT

| BANKERS: | Barclays Bank plc

| Leicester Servicing Centre

| Leicester

| Leicestershire

| LE87 2BB

| SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364) |

BALANCE SHEET

31ST DECEMBER 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 166,683 |  | 129,620 |  |

CURRENT ASSETS

Stocks | 5 | 835,408 |  | 821,669 |  |

Debtors | 6 | 2,549,783 |  | 3,496,759 |  |

Cash at bank and in hand | 244,322 |  | 540,716 |  |

3,629,513 |  | 4,859,144 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,214,049 |  | 3,518,275 |  |

NET CURRENT ASSETS | 1,415,464 |  | 1,340,869 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,582,147 |  | 1,470,489 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (650,136 | ) | (178,583 | ) |

PROVISIONS FOR LIABILITIES | 10 | (20,814 | ) | (21,947 | ) |

NET ASSETS | 911,197 |  | 1,269,959 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 200 |  | 200 |  |

Share premium | 69,107 |  | 69,107 |  |

Capital redemption reserve | 230,000 |  | 230,000 |  |

Retained earnings | 611,890 |  | 970,652 |  |

SHAREHOLDERS' FUNDS | 911,197 |  | 1,269,959 |  |

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st March 2026 and were signed on its behalf by:

P K Boyes - Director

| SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. | STATUTORY INFORMATION

| SPI Global Play 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 (£).

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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of Value Added Tax.

| The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when the risks and rewards of ownership have passed to the customer. This typically happens when goods are delivered and legal title has passed.

| 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.

| Short leasehold | - | The length of the lease

| Improvements to property | - | 33% on cost

| Plant and machinery | - | 15% on cost

| Office furniture and equipment | - | 15% on cost

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 33% on cost

| Stocks

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

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

| Pension costs and other post-retirement benefits

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 71 (2024 - 67 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Short |  | to |  | Plant and

| leasehold |  | property |  | machinery

£ | £ | £ |

| COST

| At 1st January 2025 | 149,564 |  | 28,907 |  | 651,028 |  |

| Additions | - |  | - |  | 79,163 |  |

| Disposals | - |  | - |  | (1,973 | ) |

| At 31st December 2025 | 149,564 |  | 28,907 |  | 728,218 |  |

| DEPRECIATION

| At 1st January 2025 | 132,215 |  | 23,820 |  | 551,937 |  |

| Charge for year | 2,366 |  | 2,612 |  | 34,992 |  |

| Eliminated on disposal | - |  | - |  | (1,973 | ) |

| At 31st December 2025 | 134,581 |  | 26,432 |  | 584,956 |  |

| NET BOOK VALUE

| At 31st December 2025 | 14,983 |  | 2,475 |  | 143,262 |  |

| At 31st December 2024 | 17,349 |  | 5,087 |  | 99,091 |  |

| SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

4. | TANGIBLE FIXED ASSETS - continued

| Office |

| furniture |

| and |  | Motor |  | Computer |

| equipment |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1st January 2025 | 66,167 |  | 37,860 |  | 110,524 |  | 1,044,050 |  |

| Additions | 940 |  | - |  | - |  | 80,103 |  |

| Disposals | - |  | - |  | - |  | (1,973 | ) |

| At 31st December 2025 | 67,107 |  | 37,860 |  | 110,524 |  | 1,122,180 |  |

| DEPRECIATION

| At 1st January 2025 | 62,457 |  | 37,860 |  | 106,141 |  | 914,430 |  |

| Charge for year | 737 |  | - |  | 2,333 |  | 43,040 |  |

| Eliminated on disposal | - |  | - |  | - |  | (1,973 | ) |

| At 31st December 2025 | 63,194 |  | 37,860 |  | 108,474 |  | 955,497 |  |

| NET BOOK VALUE

| At 31st December 2025 | 3,913 |  | - |  | 2,050 |  | 166,683 |  |

| At 31st December 2024 | 3,710 |  | - |  | 4,383 |  | 129,620 |  |

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

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1st January 2025

| and 31st December 2025 | 89,995 |  | 20,070 |  | 110,065 |  |

| DEPRECIATION

| At 1st January 2025

| and 31st December 2025 | 10,124 |  | 6,271 |  | 16,395 |  |

| NET BOOK VALUE

| At 31st December 2025 | 79,871 |  | 13,799 |  | 93,670 |  |

| At 31st December 2024 | 79,871 |  | 13,799 |  | 93,670 |  |

5. | STOCKS

| 31.12.25 |  | 31.12.24

£ | £ |

| Stocks | 835,408 |  | 821,669 |  |

| SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

6. | DEBTORS

| 31.12.25 |  | 31.12.24

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 208,044 |  | 397,329 |  |

| Amounts due from group

| undertakings | 438,056 |  | 177,548 |  |

| Other debtors | 647,821 |  | 658,755 |  |

| VAT | 48,325 |  | 140,228 |  |

| Prepayments | 157,282 |  | 40,347 |  |

1,499,528 |  | 1,414,207 |  |

| Amounts falling due after more than one year:

| Amounts due from group undertakings | - |  | 348,772 |  |

| Other debtors | 1,050,255 |  | 1,733,780 |  |

1,050,255 |  | 2,082,552 |  |

| Aggregate amounts | 2,549,783 |  | 3,496,759 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans and overdrafts | 324,608 |  | 100,000 |  |

| Hire purchase contracts | 16,200 |  | 14,734 |  |

| Trade creditors | 949,474 |  | 1,371,530 |  |

| Tax | 276,558 |  | 403,767 |  |

| Social security and other taxes | 69,382 |  | 42,666 |  |

| Other creditors | 217,283 |  | 670,292 |  |

| Amounts owed to group | 360,544 |  | 915,286 |  |

2,214,049 |  | 3,518,275 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans - 1-2 years | 304,622 |  | 100,000 |  |

| Bank loans - 2-5 years | 341,464 |  | 58,333 |  |

| Hire purchase contracts | 4,050 |  | 20,250 |  |

650,136 |  | 178,583 |  |

| SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans | 970,694 |  | 258,333 |  |

| Hire purchase contracts | 20,250 |  | 34,984 |  |

990,944 |  | 293,317 |  |

| The company's borrowings are secured by the following guarantee arrangements:

| One loan has a partial guarantee given by the UK government for £400,000 dated 06/05/2021.

| The second loan has a corporate guarantee provided by Global Leisure Group AB, the immediate parent company, for £965,000 dated 15/01/2025.

10. | PROVISIONS FOR LIABILITIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Deferred tax

| Accelerated capital allowances | 20,814 |  | 21,947 |  |

| Deferred |

| tax |

£ |

| Balance at 1st January 2025 | 21,947 |  |

| Movement in the year due to:- |

| changes in capital allowances | 11,372 |  |

| changes in tax losses | (12,505 | ) |

| Balance at 31st December 2025 | 20,814 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

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

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

| The Report of the Auditors was unqualified.

| Anthony Lewis, FCCA ACA (Senior Statutory Auditor)

| for and on behalf of M. D. Coxey and Co. Limited

13. | CAPITAL COMMITMENTS

| 31.12.25 |  | 31.12.24

£ | £ |

| Contracted but not provided for in the

| financial statements | - |  | 10,304 |  |

| SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

14. | ULTIMATE CONTROLLING PARTY

| The ultimate parent company is GASPI Holding AB, incorporated and registered in Sweden.

| The parent undertaking preparing group accounts is GASPI Holding AB. Its registered office is Skrittgatan 8, 213 77 Malmo, Sweden.