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REGISTERED NUMBER: SC825888 (Scotland)

| FINANCIAL STATEMENTS |

| FOR THE PERIOD 15 OCTOBER 2024 TO 31 MARCH 2026 |

| FOR |

| VITALITY VENTURES TRUSTEES LIMITED |

VITALITY VENTURES TRUSTEES LIMITED (REGISTERED NUMBER: SC825888)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 15 OCTOBER 2024 TO 31 MARCH 2026

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Chartered Accountants' Report | 5 |

VITALITY VENTURES TRUSTEES LIMITED

COMPANY INFORMATION

FOR THE PERIOD 15 OCTOBER 2024 TO 31 MARCH 2026

| DIRECTORS: | Mrs F J Crone

| Mrs L Davidson

| Mrs V Harpley

| REGISTERED OFFICE: | c/o DM McNaught & Co Ltd

| 166 Buchanan Street

| Glasgow

| G1 2LW

| REGISTERED NUMBER: | SC825888 (Scotland)

| ACCOUNTANTS: | D M McNaught & Co Ltd

| Chartered Accountants

| 166 Buchanan Street

| Glasgow

| Lanarkshire

| G1 2LW

VITALITY VENTURES TRUSTEES LIMITED (REGISTERED NUMBER: SC825888)

BALANCE SHEET

31 MARCH 2026

| Notes | £ | £ |

| FIXED ASSETS

| Investments | 4 | 1,346,688 |  |

| CREDITORS

| Amounts falling due within one year | 5 | 255,000 |  |

| NET CURRENT LIABILITIES | (255,000 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,091,688 |  |

| CREDITORS

| Amounts falling due after more than one year | 6 | 398,637 |  |

| NET ASSETS | 693,051 |  |

| RESERVES

| Income and expenditure account | 693,051 |  |

693,051 |  |

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

The members have not required the company to obtain an audit of its financial statements for the period 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 surplus or deficit 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.

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 10 July 2026 and were signed on its behalf by:

Mrs F J Crone - Director

VITALITY VENTURES TRUSTEES LIMITED (REGISTERED NUMBER: SC825888)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 15 OCTOBER 2024 TO 31 MARCH 2026

1. | STATUTORY INFORMATION

| Vitality Ventures Trustees Limited is a private company, limited by guarantee , registered in Scotland. 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.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

| Taxation for the period 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 period 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 3 .

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| Additions | 1,346,688 |  |

| At 31 March 2026 | 1,346,688 |  |

| NET BOOK VALUE

| At 31 March 2026 | 1,346,688 |  |

VITALITY VENTURES TRUSTEES LIMITED (REGISTERED NUMBER: SC825888)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 15 OCTOBER 2024 TO 31 MARCH 2026

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

£ |

| Other creditors | 255,000 |  |

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

£ |

| Other creditors | 398,637 |  |

7. | RELATED PARTY DISCLOSURES

| The company is the sole Trustee of the Vitality Ventures Employee Ownership Trust.

| The company holds 90% of the issued share capital of Vitality Ventures Ltd. During the period, dividends of £741,700 were paid by Vitality Ventures Ltd.

| Included in creditors is an amount totalling £588,637 owed to Mrs F J Crone, one of the directors, in respect of loan notes issued. Interest has been charged on the loan notes in the period of £48,649. The loan notes have set repayment terms until 2028, with interest charged at a rate of 5% per annum.

8. | ULTIMATE CONTROLLING PARTY

| The company is controlled by the directors, acting in concert.

9. | LIMITED BY GUARANTEE

| The company has no share capital and is limited by guarantee.

| Each member of the company is liable to contribute a maximum of £1 in the event of a winding-up.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

VITALITY VENTURES TRUSTEES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vitality Ventures Trustees Limited for the period ended 31 March 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Vitality Ventures Trustees Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Vitality Ventures Trustees Limited and state those matters that we have agreed to state to the Board of Directors of Vitality Ventures Trustees Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Vitality Ventures Trustees Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Vitality Ventures Trustees Limited. You consider that Vitality Ventures Trustees Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Vitality Ventures Trustees Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D M McNaught & Co Ltd

Chartered Accountants

166 Buchanan Street

Glasgow

Lanarkshire

G1 2LW

10 July 2026