Pack'd Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 09005105

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		49,925		32,598
Investments	6		21,382		21,382

			71,307		53,980
CURRENT ASSETS
Stocks	7	1,089,570		713,449
Debtors	8	1,027,109		497,969
Cash at bank and in hand		57,009		17,618

		2,173,688		1,229,036
Creditors: Amounts Falling Due Within One Year	9	(2,087,132 )		(1,249,829 )

NET CURRENT ASSETS (LIABILITIES)			86,556		(20,793 )

TOTAL ASSETS LESS CURRENT LIABILITIES			157,863		33,187

Creditors: Amounts Falling Due After More Than One Year	10		-		(6,311 )

NET ASSETS			157,863		26,876

CAPITAL AND RESERVES
Called up share capital	12		281		281
Share premium account			1,267,468		1,267,468
Share-based payment reserve			23,219		16,484
Profit and Loss Account			(1,133,105 )		(1,257,357 )

SHAREHOLDERS' FUNDS			157,863		26,876

Page 1

Page 2

Pack'd Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Alexander Stewart

Director

3 July 2026

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

Pack'd Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09005105 . The registered office is Unit 3 Vista Place, Coy Pond Business Park, Ingworth Road, Poole, Dorset, BH12 1JY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are trademark and website development. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25 % Straight line

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Page 3

Page 4

Pack'd Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.9. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.10. Investments

Investments in subsidiaries are measured at cost less any accumulated impairment losses.

2.11. Group accounts

The company is exempt from the requirement to prepare group accounts on the grounds that it qualifies as a small group.

2.12. Share-based payments

Share-based payment arrangements in which the Company receives goods or services as consideration for its own

equity instruments are accounted for as equity-settled share-based payment transactions, regardless of how the equity

instruments are obtained by the Company.

The fair value of options granted is recognised as an expense with a corresponding increase in equity. The total

amount to be expensed is determined by reference to the fair value of the options granted.

The total expense is recognised over the vesting period, which is the period over which all of the specified vesting

conditions are to be satisfied. At the end of each period, the entity revises its estimates of the number of options that

are expected to vest based on the non-market vesting and service conditions. It recognises the impact of the revision

to original estimates, if any, in profit or loss, with a corresponding adjustment to equity.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2025: 9)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2025	18,477

As at 31 March 2026	18,477

Amortisation
As at 1 April 2025	18,477

As at 31 March 2026	18,477

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

Page 4

Page 5

Pack'd Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2025	110,835
Additions	41,518
Disposals	(41,980 )

As at 31 March 2026	110,373

Depreciation
As at 1 April 2025	78,237
Provided during the period	24,191
Disposals	(41,980 )

As at 31 March 2026	60,448

Net Book Value
As at 31 March 2026	49,925

As at 1 April 2025	32,598

6. Investments

	Unlisted
	£
Cost
As at 1 April 2025	21,382

As at 31 March 2026	21,382

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	21,382

As at 1 April 2025	21,382

7. Stocks

	2026	2025
	£	£
Finished goods and materials	1,089,570	713,449

Page 5

Page 6

Pack'd Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	791,235	413,727
Prepayments and accrued income	149,471	46,934
Other debtors	86,403	37,308

	1,027,109	497,969

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	1,265,404	670,029
Bank loans and overdrafts	104,634	304,821
Other taxes and social security	23,376	12,272
Other creditors	605,742	79,086
Accruals and deferred income	70,838	167,744
Amounts owed to subsidiaries	17,138	15,877

	2,087,132	1,249,829

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	-	6,311

11. Secured Creditors

Of the creditors the following amounts are secured.

	2026		2025
	£		£
Bank loans and overdrafts	98,273		233,112

12. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
2,511,080 Ordinary A Shares of £ 0.000111 each	279	279
21,810 B investment shares of £ 0.000111 each	2	2

	281	281

Page 6

Page 7

Pack'd Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

13. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	7,824	7,824
Later than one year and not later than five years	3,260	11,084

	11,084	18,908

14. Pension Commitments

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £2,424 (2025: £1,348) were due to the fund. They are included in Other Creditors.

15. Share-based payments

There were 83,487 share options, that were issued on the 14th April 2022, vesting over three equal periods, starting on the 14th April 2023, at an exercise price of £0.20 per share.

There were 55,662 share options issued on 24th September 2025 at the exercise price of £0.20 per share.

During the current year there was a share-based payment charge of £6,735, which is reflected under other operating expenses.

Page 7