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REGISTERED NUMBER: 12256924 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

LOCKEY FARM (DESFORD) LIMITED

LOCKEY FARM (DESFORD) LIMITED (REGISTERED NUMBER: 12256924) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| LOCKEY FARM (DESFORD) LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2026

| DIRECTORS: | P C Thomas

| Mrs S A T Prince

| REGISTERED OFFICE: | Lockey Farm

| Hunts Lane

| Desford

| Leicestershire

| LE9 9HE

| REGISTERED NUMBER: | 12256924 (England and Wales)

| ACCOUNTANTS: | PWH Accountancy Ltd

| The Counting House

| High Street

| Lutterworth

| Leicestershire

| LE17 4AY

LOCKEY FARM (DESFORD) LIMITED (REGISTERED NUMBER: 12256924) |

BALANCE SHEET

31 MARCH 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | 11,931 |  | 48,689 |  |

Tangible assets | 6 | 762,615 |  | 782,310 |  |

774,546 |  | 830,999 |  |

CURRENT ASSETS

Stocks | 27,465 |  | 24,987 |  |

Debtors | 7 | 23,231 |  | 16,394 |  |

Cash at bank | 31,278 |  | 28,717 |  |

81,974 |  | 70,098 |  |

CREDITORS

Amounts falling due within one year | 8 | 66,962 |  | 61,832 |  |

NET CURRENT ASSETS | 15,012 |  | 8,266 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 789,558 |  | 839,265 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (1,041,202 | ) | (1,070,032 | ) |

PROVISIONS FOR LIABILITIES | 11 | (3,840 | ) | (3,454 | ) |

NET LIABILITIES | (255,484 | ) | (234,221 | ) |

CAPITAL AND RESERVES

Called up share capital | 12 | 100 |  | 100 |  |

Retained earnings | 13 | (255,584 | ) | (234,321 | ) |

SHAREHOLDERS' FUNDS | (255,484 | ) | (234,221 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

LOCKEY FARM (DESFORD) LIMITED (REGISTERED NUMBER: 12256924) |

BALANCE SHEET - continued

31 MARCH 2026

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 Income Statement has not been delivered.

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

Mrs S A T Prince - Director

P C Thomas - Director

LOCKEY FARM (DESFORD) LIMITED (REGISTERED NUMBER: 12256924) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| Lockey Farm (Desford) 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

| Turnover

| Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

| The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of businesses acquired in 2021, 2022 and 2025, is being amortised evenly over its estimated useful life of five 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.

| 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 | - | 2% on cost

| Plant and machinery | - | 15% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Stocks

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

LOCKEY FARM (DESFORD) LIMITED (REGISTERED NUMBER: 12256924) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

3. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial assets

| Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

| Financial liabilities

| The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

| 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

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2025 - 2 ) .

LOCKEY FARM (DESFORD) LIMITED (REGISTERED NUMBER: 12256924) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

5. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 337,293 |  |

| AMORTISATION

| At 1 April 2025 | 288,604 |  |

| Amortisation for year | 36,758 |  |

| At 31 March 2026 | 325,362 |  |

| NET BOOK VALUE

| At 31 March 2026 | 11,931 |  |

| At 31 March 2025 | 48,689 |  |

6. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |  | Computer |

| property |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2025 | 843,618 |  | 28,815 |  | 12,830 |  | 379 |  | 885,642 |  |

| Additions | - |  | 134 |  | - |  | 274 |  | 408 |  |

| At 31 March 2026 | 843,618 |  | 28,949 |  | 12,830 |  | 653 |  | 886,050 |  |

| DEPRECIATION

| At 1 April 2025 | 79,489 |  | 14,784 |  | 8,770 |  | 289 |  | 103,332 |  |

| Charge for year | 16,872 |  | 2,125 |  | 1,015 |  | 91 |  | 20,103 |  |

| At 31 March 2026 | 96,361 |  | 16,909 |  | 9,785 |  | 380 |  | 123,435 |  |

| NET BOOK VALUE

| At 31 March 2026 | 747,257 |  | 12,040 |  | 3,045 |  | 273 |  | 762,615 |  |

| At 31 March 2025 | 764,129 |  | 14,031 |  | 4,060 |  | 90 |  | 782,310 |  |

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

2026 | 2025 |

£ | £ |

| Trade debtors | 13,341 |  | 9,471 |  |

| Other debtors | 7,385 |  | 4,423 |  |

| VAT | 5 |  | - |  |

| Prepayments | 2,500 |  | 2,500 |  |

23,231 |  | 16,394 |  |

LOCKEY FARM (DESFORD) LIMITED (REGISTERED NUMBER: 12256924) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

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

2026 | 2025 |

£ | £ |

| Other loans | 33,590 |  | 30,140 |  |

| Tax | 20,459 |  | 17,355 |  |

| VAT | - |  | 1,424 |  |

| Directors' current accounts | 11,023 |  | 11,023 |  |

| Accrued expenses | 1,890 |  | 1,890 |  |

66,962 |  | 61,832 |  |

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

2026 | 2025 |

£ | £ |

| Other loans - 1-2 years | 34,800 |  | 30,140 |  |

| Other loans - 2-5 years | 112,200 |  | 90,420 |  |

| Other loans more 5yrs instal | 209,202 |  | 271,472 |  |

| Other loans more 5yrs non-inst | 685,000 |  | 678,000 |  |

1,041,202 |  | 1,070,032 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Other loans more 5yrs non-inst | 685,000 |  | 678,000 |  |

| Repayable by instalments

| Other loans more 5yrs instal | 209,202 |  | 271,472 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2026 | 2025 |

£ | £ |

| Other loans | - |  | 422,172 |  |

| At 31 March 2026. loans totalling £389,792 (2025 £422,172) were secured by a fixed and floating charge over the company's assets.

11. | PROVISIONS FOR LIABILITIES

2026 | 2025 |

£ | £ |

| Deferred tax | 3,840 |  | 3,454 |  |

LOCKEY FARM (DESFORD) LIMITED (REGISTERED NUMBER: 12256924) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

11. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 April 2025 | 3,454 |  |

| Charge to Income Statement during year | 386 |  |

| Balance at 31 March 2026 | 3,840 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 85 | Ordinary | £1 | 85 |  | 85 |  |

| 15 | B Ordinary | £1 | 15 |  | 15 |  |

100 |  | 100 |  |

| The Ordinary shares carry full voting rights, rights to dividends and rights to participate in the proceeds of any winding up. The B Ordinary shares carry rights to dividends only.

13. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2025 | (234,321 | ) |

| Deficit for the year | (21,263 | ) |

| At 31 March 2026 | (255,584 | ) |

14. | RELATED PARTY DISCLOSURES

| Included within creditors on the Balance Sheet is a loan of £685,000 (2025 £678,000 from Over he Top Textiles Limited, a company owned and controlled by the director Mrs S A T Prince.

15. | ULTIMATE CONTROLLING PARTY

| The directors Mr P Thomas and Mrs S A Thomas Prince act as the controlling party by reason of their controlling interest in the shares of the company.