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REGISTERED NUMBER: 09024915 (England and Wales)

| Strategic Report, Report of the Directors and |

| Financial Statements for the Year Ended 31 December 2025 |

| for |

| Case TopCo Limited |

| Case TopCo Limited (Registered number: 09024915) |

Contents of the Financial Statements

for the year ended 31 December 2025

| Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |  | to |  | 4

| Report of the Independent Auditors | 5 |  | to |  | 8

| Statement of Comprehensive Income | 9 |

| Balance Sheet | 10 |

| Statement of Changes in Equity | 11 |

| Notes to the Financial Statements | 12 |  | to |  | 17

| Case TopCo Limited |

Company Information

for the year ended 31 December 2025

| DIRECTORS: | Mr D Boudy

| Mrs R Sudhir

| Mr N Taylor

| Mr H G Verdino

| Mr R M Muller

| SECRETARY: | Mr R M Muller

| REGISTERED OFFICE: | The Bakery

| Gardner Road

| Maidenhead

| Berkshire

| SL6 7TU

| REGISTERED NUMBER: | 09024915 (England and Wales)

| AUDITORS: | Clifford Roberts

| Chartered Accountants &

| Statutory Auditors

| Pacioli House

| 9 Brookfield

| Duncan Close

| Northampton

| Northamptonshire

| NN3 6WL

| Case TopCo Limited (Registered number: 09024915) |

Strategic Report

for the year ended 31 December 2025

The directors present their strategic report for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The company is the intermediate holding company with Emmi Desserts Taunton Limited being the sole trading subsidiary. The company is wholly owned by Holding Mademoiselle Desserts, the ultimate holding company of the group.

REVIEW OF BUSINESS

Interest payable remained similar as no loan repayments were made.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risk faced by the company is the adverse movements in interest rates. The interest is accrued but not paid in cash. However, there are sufficient financial resources available within the company's subsidiary if payment is required.

FUTURE DEVELOPMENTS

Debt instruments held by the company bear fixed rate interest and is not repayable within a period of 12 months following the balance sheet date. Hence the future performance of the company is expected to be in line with the current year.

GOING CONCERN

The financial statements are prepared on going concern basis, on the basis that the company receives the continued support of the group.

ON BEHALF OF THE BOARD:

Mr N Taylor - Director

29 June 2026

| Case TopCo Limited (Registered number: 09024915) |

Report of the Directors

for the year ended 31 December 2025

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

DIVIDENDS

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

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

Mr D Boudy

Mrs R Sudhir

Mr N Taylor

Mr H G Verdino

Other changes in directors holding office are as follows:

Mr E Sabatie-Garat - resigned 15 March 2025

Mr R M Muller - appointed 15 March 2025

DISCLOSURE IN THE STRATEGIC REPORT

Principal activity, future developments and financial risk management objectives and policies in respect of the exposure to interest rate risks are set out in the strategic report (as defined by section 414 C (11) of the Companies Act 2006).

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company'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 company's auditors are aware of that information.

| Case TopCo Limited (Registered number: 09024915) |

Report of the Directors

for the year ended 31 December 2025

AUDITORS

The auditors, Clifford Roberts, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr N Taylor - Director

29 June 2026

Report of the Independent Auditors to the Members of

Case TopCo Limited

Opinion

We have audited the financial statements of Case TopCo Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 company's affairs as at 31 December 2025 and of its profit 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 company 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 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 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 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 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

Case TopCo Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

- | the 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 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 company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Case TopCo 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- |  | We obtained an understanding of the legal and regulatory framework applicable to the company and the sector in which they operate. We determined that the following laws and regulations were most significant: the Companies Act 2006, UK Generally Accepted Accounting Practice and UK corporate taxation laws. |

- |  | We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and by observing the oversight of management, the culture of honesty and ethical behaviour and whether strong emphasis is placed on fraud prevention, which may reduce the opportunities for fraud to take place, and fraud deterrence, which could persuade individuals not to commit fraud in the first instance . We corroborated our inquiries through our review of all relevant available audit information. |

- |  | We assessed and understood the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. The audit procedures performed by the engagement team included: |

| > |  | Identifying and assessing the design and effectiveness of controls management has in place to prevent and detect fraud; |

| > |  | Understanding of how senior management considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process; |

| > |  | Challenging assumptions and judgements made by management in its significant accounting estimates; |

| > |  | Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; and, |

| > |  | Assessing the extent of compliance with relevant laws and regulations. |

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.

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.

Report of the Independent Auditors to the Members of

Case TopCo Limited

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.

Luke Marlow ACA (Senior Statutory Auditor)

for and on behalf of Clifford Roberts

Chartered Accountants &

Statutory Auditors

Pacioli House

9 Brookfield

Duncan Close

Northampton

Northamptonshire

NN3 6WL

29 June 2026

| Case TopCo Limited (Registered number: 09024915) |

Statement of Comprehensive

Income

for the year ended 31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

TURNOVER | - |  | - |  |

Administrative expenses | 2,050 |  | 2,030 |  |

OPERATING LOSS | 4 | (2,050 | ) | (2,030 | ) |

Income from shares in group undertakings | 8,000,000 |  | - |  |

Interest receivable and similar income | 108,536 |  | - |  |

Interest payable and similar expenses | 5 | (654,985 | ) | (508,725 | ) |

|  | 7,453,551 |  |  |  | (508,725 | ) |

PROFIT/(LOSS) BEFORE TAXATION | 7,451,501 |  | (510,755 | ) |

Tax on profit/(loss) | 6 | 918 |  | - |  |

PROFIT/(LOSS) FOR THE FINANCIAL YEAR | 7,450,583 |  | (510,755 | ) |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 7,450,583 |  | (510,755 | ) |

| Case TopCo Limited (Registered number: 09024915) |

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 7 | 9,610,605 |  | 9,610,605 |  |

CURRENT ASSETS

Debtors: amounts falling due within one year | 8 | 9,367 |  | 918 |  |

Debtors: amounts falling due after more than one year | 8 | 4,438,616 |  | - |  |

Cash at bank | 6,462 |  | 6,661 |  |

4,454,445 |  | 7,579 |  |

CREDITORS

Amounts falling due within one year | 9 | 561,365 |  | 3,173,415 |  |

NET CURRENT ASSETS/(LIABILITIES) | 3,893,080 |  | (3,165,836 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 13,503,685 |  | 6,444,769 |  |

CREDITORS

Amounts falling due after more than one year | 10 | 9,402,506 |  | 9,794,173 |  |

NET ASSETS/(LIABILITIES) | 4,101,179 |  | (3,349,404 | ) |

CAPITAL AND RESERVES

Called up share capital | 11 | 112,500 |  | 112,500 |  |

Share premium | 12 | 229,167 |  | 229,167 |  |

Retained earnings | 12 | 3,759,512 |  | (3,691,071 | ) |

SHAREHOLDERS' FUNDS | 4,101,179 |  | (3,349,404 | ) |

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2026 and were signed on its behalf by:

Mr N Taylor - Director

| Case TopCo Limited (Registered number: 09024915) |

Statement of Changes in Equity

for the year ended 31 December 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 January 2024 | 112,500 |  | (3,180,316 | ) | 229,167 |  | (2,838,649 | ) |

Changes in equity

Total comprehensive income | - |  | (510,755 | ) | - |  | (510,755 | ) |

Balance at 31 December 2024 | 112,500 |  | (3,691,071 | ) | 229,167 |  | (3,349,404 | ) |

Changes in equity

Total comprehensive income | - |  | 7,450,583 |  | - |  | 7,450,583 |  |

Balance at 31 December 2025 | 112,500 |  | 3,759,512 |  | 229,167 |  | 4,101,179 |  |

| Case TopCo Limited (Registered number: 09024915) |

Notes to the Financial Statements

for the year ended 31 December 2025

1. | STATUTORY INFORMATION

| Case TopCo 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The financial statements are presented in Sterling (£), and are prepared to 31st December each year.

| Going concern

| The financial statements have been prepared on a going concern basis. In making this assessment, the directors have considered the principal risks and uncertainties described in the Strategic Report, together with the company's financial position and available liquidity. The directors have concluded that the company has sufficient resources to meet its liabilities as they fall due for a period of at least twelve months from the date the financial statements are authorised for issue.

| This assessment is dependent upon the continued financial support of the parent company, which has confirmed its intention to provide such support for a period of at least twelve months from the date the financial statements are authorised for issue. Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows.

| The company is included within the consolidated accounts of Emmi AG, which are available from their registered address Landenbergstrasse 1, 6002 Lucerne, Switzerland.

| Preparation of consolidated financial statements

| The financial statements contain information about Case TopCo Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its ultimate parent, Emmi AG, Landenbergstrasse 1, 6002 Lucerne, Switzerland.

| Significant judgements and estimates

| In the application of the company's accounting policies management is 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. The estimates and underlying assumptions are reviewed on an ongoing basis.

| There are no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less impairment. Impairment losses are recognised immediately in the income statement.

| Case TopCo Limited (Registered number: 09024915) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans and balances to and from related parties.

| Debt instruments (other than those wholly repayable or receivable in one year), including loans and other accounts receivable and payable, are initially measured at the present value of future cash flows and subsequently at amortised cost using the effective interest rate method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in the income statement.

| Taxation

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

| Case TopCo Limited (Registered number: 09024915) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Debtors

| Amounts due from group companies not included as borrowings and interest receivable are recognised initially at the transaction price less attributable transaction costs and subsequently measured at amortised cost using the effective interest method.

| Creditors

| Interest accruals and deferred income are recognised initially at the transaction price plus attributable transaction costs and subsequently measured at amortised cost using the effective interest method.

| Dividends

| Dividend distribution to the company shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

| Borrowings

| Interest bearing borrowings are initially recorded at present value of future payments discounted at a market rate of interest. They are subsequently carried at amortised cost less any impairment losses. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

| Interest payable/receivable

| Interest payable and similar expenses include interest payable. Other interest receivable and similar income include interest receivable on funds invested.Interest income and interest payable are recognised in the profit or loss as they accrue, using the effective interest method.

3. | EMPLOYEES AND DIRECTORS

| There were no staff costs for the year ended 31 December 2025 nor for the year ended 31 December 2024.

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

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | - |  | - |  |

4. | OPERATING LOSS

| The operating loss is stated after charging:

| 2025 |  | 2024

£ | £ |

| Auditors' remuneration | 1,849 |  | 1,850 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Group interest payable | 99,169 |  | - |  |

| Loan Interest | 555,816 |  | 508,725 |  |

654,985 |  | 508,725 |  |

| Case TopCo Limited (Registered number: 09024915) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

6. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Deferred tax | 918 |  | - |  |

| Tax on profit/(loss) | 918 |  | - |  |

| Reconciliation of total tax charge included in profit and loss

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

| 2025 |  | 2024

£ | £ |

| Profit/(loss) before tax | 7,451,501 |  | (510,755 | ) |

| Profit/(loss) multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 1,862,875 |  | (127,689 | ) |

| Effects of:

| Income not taxable for tax purposes | (2,000,000 | ) | - |  |

| Group relief | 137,125 |  | 127,689 |  |

| Deferred tax | 918 |  | - |  |

| Total tax charge | 918 |  | - |  |

7. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 9,610,605 |  |

| NET BOOK VALUE

| At 31 December 2025 | 9,610,605 |  |

| At 31 December 2024 | 9,610,605 |  |

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

| Emmi Desserts Taunton Ltd

| Registered office: The Bakery, Gardner Road, Maidenhead, Berkshire, SL6 7TU, UK.

| Nature of business: Production of frozen dessert products

| %

| Class of shares: | holding |

| Ordinary £1 | 100.00 |

| Case TopCo Limited (Registered number: 09024915) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

8. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Amounts owed by group undertakings | 9,367 |  | - |  |

| Deferred tax asset | - |  | 918 |  |

9,367 |  | 918 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | 4,438,616 |  | - |  |

| Aggregate amounts | 4,447,983 |  | 918 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | - |  | 2,660,992 |  |

| Accrued expenses | 5,549 |  | 3,698 |  |

| Interest payable | 555,816 |  | 508,725 |  |

561,365 |  | 3,173,415 |  |

| Interest payable pertains to amounts owed to group undertakings falling due for repayment after more than one year.

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 9,402,506 |  | 9,794,173 |  |

| Amounts due to group undertakings include an unsecured loan bearing interest at a fixed rate of 5.87% per annum. Interest is payable quarterly in arrears, based on the amount accrued at each repayment date. The outstanding principal balance is repayable in full on 1 January 2028.

| Case TopCo Limited (Registered number: 09024915) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

11. | CALLED UP SHARE CAPITAL

|  | 2025 |  |  | 2024 |

|  | £ |  |  | £ |

| 600,000 A ordinary shares of £0.05 each |  | 30,000 |  |  | 30,000 |

| 234,375 B1 ordinary shares of £0.20 each |  | 46,875 |  |  | 46,875 |

| 46,875 B2 ordinary shares of £0.20 each |  | 9,375 |  |  | 9,375 |

| 46,875 B3 ordinary shares of £0.20 each |  | 9,375 |  |  | 9,375 |

| 46,875 B4 ordinary shares of £0.20 each |  | 9,375 |  |  | 9,375 |

| 25,000 B5 ordinary shares of £0.30 each |  | 7,500 |  |  | 7,500 |

|  | 112,500 |  |  | 112,500 |

| Called up share capital

| The 'A' ordinary shares have full voting, dividend and capital distribution rights but do not confer any rights of redemption.

| All classes of 'B' shares rank pari passu with each other in all respects, having full voting and dividend rights pari passu with the 'A' ordinary shares and the right to participate in a capital distribution up to the value of the amount paid up on each class of share.

12. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 January 2025 | (3,691,071 | ) | 229,167 |  | (3,461,904 | ) |

| Profit for the year | 7,450,583 |  | - |  | 7,450,583 |  |

| At 31 December 2025 | 3,759,512 |  | 229,167 |  | 3,988,679 |  |

| Retained earnings

| Includes all current and prior period retained profit and losses.

| Share premium

| This represents the additional amounts shareholders paid for their issued shares in excess of the nominal value of those shares, less the cost of issue.

13. | 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.

14. | ULTIMATE CONTROLLING PARTY

| The immediate parent company is Holding Mademoiselle Desserts, a company incorporated in France, which is a subsidiary of Emmi AG, a company registered in Switzerland and listed at the Swiss Stock Exchange.

| The directors of the company consider the publicly listed Emmi AG to be its ultimate controlling party. The company is included within the consolidated accounts of Emmi AG, which are available from their registered address Landenbergstrasse 1, 6002 Lucerne, Switzerland.