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REGISTERED NUMBER: 11405883 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

PROJECT FOUR DESIGN LIMITED

PROJECT FOUR DESIGN LIMITED (REGISTERED NUMBER: 11405883)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

PROJECT FOUR DESIGN LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | A P M Donfrancesco

| D J Fairbairn

| I S Callum

| REGISTERED OFFICE: | Unit 5 Budbrooke Point

| Budbrooke Road

| Bugbrooke Industrial Estate

| Warwick

| Warwickshire

| CV34 5XH

| REGISTERED NUMBER: | 11405883 (England and Wales)

| ACCOUNTANTS: | Ad Valorem Accountancy Services Limited

| Chartered Certified Accountants

| 2 Manor Farm Court

| Old Wolverton Road

| Old Wolverton

| Milton Keynes

| Buckinghamshire

| MK12 5NN

PROJECT FOUR DESIGN LIMITED (REGISTERED NUMBER: 11405883)

BALANCE SHEET

31 DECEMBER 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 4 | 406,676 |  | 652,173 |  |

Investments | 5 | 10 |  | 10 |  |

406,686 |  | 652,183 |  |

CURRENT ASSETS

Stocks | 243,989 |  | 175,434 |  |

Debtors | 6 | 596,742 |  | 873,484 |  |

Cash at bank | 733,238 |  | 700,351 |  |

1,573,969 |  | 1,749,269 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,712,808 |  | 625,783 |  |

NET CURRENT (LIABILITIES)/ASSETS | (138,839 | ) | 1,123,486 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 267,847 |  | 1,775,669 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (343,274 | ) | (491,007 | ) |

PROVISIONS FOR LIABILITIES | - |  | (65,621 | ) |

NET (LIABILITIES)/ASSETS | (75,427 | ) | 1,219,041 |  |

CAPITAL AND RESERVES

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

Retained earnings | (75,527 | ) | 1,218,941 |  |

SHAREHOLDERS' FUNDS | (75,427 | ) | 1,219,041 |  |

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.

PROJECT FOUR DESIGN LIMITED (REGISTERED NUMBER: 11405883)

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2026 and were signed on its behalf by:

A P M Donfrancesco - Director

PROJECT FOUR DESIGN LIMITED (REGISTERED NUMBER: 11405883)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Project Four Design 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.

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 as modified by the revaluation of certain assets.

| TURNOVER

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| 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 | - | 20% on cost

| Long leasehold | - | in accordance with the property

| Plant and machinery | - | 33% on cost

| Fixtures and fittings | - | 33% on cost

| Motor vehicles | - | 33% on cost and 25% on cost

| Computer equipment | - | 33% on cost

| INVESTMENTS IN SUBSIDIARIES

| Investments in subsidiary undertakings are recognised at cost.

| STOCKS

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

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

PROJECT FOUR DESIGN LIMITED (REGISTERED NUMBER: 11405883)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 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

| 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.

| 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 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 21 (2024 - 28 ) .

PROJECT FOUR DESIGN LIMITED (REGISTERED NUMBER: 11405883)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS

Short | Long | Plant and |

leasehold | leasehold | machinery |

| £ | £ | £

| COST OR VALUATION

| At 1 January 2025 | 15,727 |  | 328,040 |  | 95,495 |  |

| Additions | - |  | - |  | 1,301 |  |

| Disposals | (11,477 | ) | - |  | (39,456 | ) |

| Revaluations | - |  | (40,743 | ) | - |  |

| At 31 December 2025 | 4,250 |  | 287,297 |  | 57,340 |  |

| DEPRECIATION

| At 1 January 2025 | 6,431 |  | 54,673 |  | 62,716 |  |

| Charge for year | 7,152 |  | 54,674 |  | 22,714 |  |

| Eliminated on disposal | (11,477 | ) | - |  | (39,456 | ) |

| Revaluation adjustments | - |  | (27,262 | ) | - |  |

| At 31 December 2025 | 2,106 |  | 82,085 |  | 45,974 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,144 |  | 205,212 |  | 11,366 |  |

| At 31 December 2024 | 9,296 |  | 273,367 |  | 32,779 |  |

Fixtures |

and | Motor | Computer |

fittings | vehicles | equipment | Totals |

| £ | £ | £ | £

| COST OR VALUATION

| At 1 January 2025 | 5,671 |  | 365,809 |  | 62,326 |  | 873,068 |  |

| Additions | - |  | 91,519 |  | 407 |  | 93,227 |  |

| Disposals | (5,671 | ) | (232,573 | ) | (29,420 | ) | (318,597 | ) |

| Revaluations | - |  | - |  | - |  | (40,743 | ) |

| At 31 December 2025 | - |  | 224,755 |  | 33,313 |  | 606,955 |  |

| DEPRECIATION

| At 1 January 2025 | 3,972 |  | 50,757 |  | 42,346 |  | 220,895 |  |

| Charge for year | 1,699 |  | 72,239 |  | 12,520 |  | 170,998 |  |

| Eliminated on disposal | (5,671 | ) | (78,640 | ) | (29,108 | ) | (164,352 | ) |

| Revaluation adjustments | - |  | - |  | - |  | (27,262 | ) |

| At 31 December 2025 | - |  | 44,356 |  | 25,758 |  | 200,279 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | 180,399 |  | 7,555 |  | 406,676 |  |

| At 31 December 2024 | 1,699 |  | 315,052 |  | 19,980 |  | 652,173 |  |

PROJECT FOUR DESIGN LIMITED (REGISTERED NUMBER: 11405883)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS - continued

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

Short | Long | Plant and |

leasehold | leasehold | machinery |

| £ | £ | £

| Valuation in 2024 | 15,727 |  | 328,040 |  | 95,495 |  |

| Valuation in 2025 | (11,477 | ) | (40,743 | ) | (38,155 | ) |

4,250 |  | 287,297 |  | 57,340 |  |

Motor | Computer |

vehicles | equipment | Totals |

| £ | £ | £

| Valuation in 2024 | 365,809 |  | 62,326 |  | 867,397 |  |

| Valuation in 2025 | (141,054 | ) | (29,013 | ) | (260,442 | ) |

224,755 |  | 33,313 |  | 606,955 |  |

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

Long | Motor |

leasehold | vehicles | Totals |

| £ | £ | £

| COST OR VALUATION

| At 1 January 2025 | 328,040 |  | 322,389 |  | 650,429 |  |

| Additions | - |  | 91,519 |  | 91,519 |  |

| Disposals | - |  | (189,153 | ) | (189,153 | ) |

| Revaluations | (40,743 | ) | - |  | (40,743 | ) |

| At 31 December 2025 | 287,297 |  | 224,755 |  | 512,052 |  |

| DEPRECIATION

| At 1 January 2025 | 54,673 |  | 27,446 |  | 82,119 |  |

| Charge for year | 54,674 |  | 66,169 |  | 120,843 |  |

| Eliminated on disposal | - |  | (49,259 | ) | (49,259 | ) |

| At 31 December 2025 | 109,347 |  | 44,356 |  | 153,703 |  |

| NET BOOK VALUE

| At 31 December 2025 | 177,950 |  | 180,399 |  | 358,349 |  |

| At 31 December 2024 | 273,367 |  | 294,943 |  | 568,310 |  |

PROJECT FOUR DESIGN LIMITED (REGISTERED NUMBER: 11405883)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

5. | FIXED ASSET INVESTMENTS

Shares in |

group |

undertakings |

| £

| COST

| At 1 January 2025

| and 31 December 2025 | 10 |  |

| NET BOOK VALUE

| At 31 December 2025 | 10 |  |

| At 31 December 2024 | 10 |  |

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

2025 | 2024 |

| £ | £

| Trade debtors | 180,723 |  | 25,086 |  |

| Amounts owed by associates | 4,507 |  | 2,600 |  |

| Other debtors | - |  | 160 |  |

| Directors' current accounts | 41,572 |  | - |  |

| Tax | 179,317 |  | 278,953 |  |

| VAT | - |  | 21,140 |  |

| Prepayments and accrued income | 190,623 |  | 545,545 |  |

596,742 |  | 873,484 |  |

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

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Other loans | 10,111 |  | 35,481 |  |

| Hire purchase contracts and finance leases (see note 9) | 65,541 |  | 85,407 |  |

| Trade creditors | 348,526 |  | 140,722 |  |

| Social security and other taxes | 46,984 |  | 78,177 |  |

| VAT | 78,757 |  | - |  |

| Other creditors | 132,017 |  | 47,380 |  |

| Directors' current accounts | 1,803 |  | 2,135 |  |

| Accruals and deferred income | 1,019,069 |  | 226,481 |  |

1,712,808 |  | 625,783 |  |

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

2025 | 2024 |

| £ | £

| Bank loans - 1-2 years | 11,483 |  | 16,667 |  |

| Hire purchase contracts and finance leases (see note 9) | 331,791 |  | 474,340 |  |

343,274 |  | 491,007 |  |

PROJECT FOUR DESIGN LIMITED (REGISTERED NUMBER: 11405883)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

2025 | 2024 |

| £ | £

| Amounts falling due in more than five years:

| Repayable by instalments

| Finance leases | - |  | 105,368 |  |

9. | LEASING AGREEMENTS

| Operating leases are included within the balance sheet as a Right of Use asset and creditor.

10. | FINANCIAL INSTRUMENTS

| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| 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.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

value: |  | £ | £

| 10,000 | Ordinary | 0.01 | 100 |  | 100 |  |

12. | RELATED PARTY DISCLOSURES

| At the year end the company was owed £4,507 (2024: £2,600) by Callum Creative Ltd, a company over which the directors hold significant influence.

PROJECT FOUR DESIGN LIMITED (REGISTERED NUMBER: 11405883)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

13. | POST BALANCE SHEET EVENTS

| On 27 February 2026 the company raised £1,000,000 in the form of ordinary shares to help with future growth.