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REGISTERED NUMBER: 07455222 (England and Wales)

| Strategic Report, Report of the Directors and |

| Financial Statements |

| for the Year Ended 31st December 2025 |

| for |

| KATECH INGREDIENT SOLUTIONS LTD |

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Contents of the Financial Statements

for the year ended 31st December 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Statement of Comprehensive Income | 9 |

| Statement of Financial Position | 10 |

| Statement of Changes in Equity | 11 |

| Notes to the Financial Statements | 12 |

| KATECH INGREDIENT SOLUTIONS LTD |

Company Information

for the year ended 31st December 2025

| DIRECTORS: | P Wotherspoon

| R Hooton

| G P I Alliston

| REGISTERED OFFICE: | Unit 19 Venture Point

| Stanney Mill Road

| Ellesmere Port

| Cheshire

| CH2 4NE

| REGISTERED NUMBER: | 07455222 (England and Wales)

| AUDITORS: | TC Group

| Statutory Auditor

| 3rd Floor, Suffolk House

| George Street

| Croydon

| CR0 0YN

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Strategic Report

for the year ended 31st December 2025

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

REVIEW OF BUSINESS

This is our thirteenth full year of trading and significant progress has been made in establishing KaTech as the first-choice partner for food manufacturers requiring product service and support. As stated in previous years, we continue to grow our reputation resulting in a strong customer base and working on several business opportunities to further growth of the business.

Our sales performance results are up from prior year (see KPI for sales below), despite the geopolitical developments, inflationary pressures and continued market volatility. Once again, our focus on new technology and high levels of service is at the heart of our business. Our business model and approach to customer concerns are priority and this requires us to be highly focused on the customer environment relative to market dynamics.

The company achieved an EBITDA of £988,113 (2024: -£45,873) and a profit after tax of £956,436 (2024: -£72,629).

Key performance indicators

Key performance indicators are selected based on those which the directors consider to be most appropriate for measuring the performance of business.

The company achieved a gross profit percentage of 23% (2024: 24%), a minimal decrease of 0.6% showing a stable and consistent approach to processes.

Sales increased to £16.9m (2024: £14.9m) This was partly linked to dairy products, meeting the trend for 'high protein' claims and general increased sales meeting nutritional claims such as 'high protein', 'added fibre' and 'reduced sugar'.

Return on capital employed (calculated as EBIT divided by Capital Employed) was 20% (2024: -1.6%). Capital Employed is defined as total assets less current liabilities. This increase of 21.8% from prior year is impacted by the increased profit in 2025.

At the end of the financial year the business remains in a strong financial position. Net assets are now £4.7m (2024: £4.4m).

PRINCIPAL RISKS AND UNCERTAINTIES

The Company operates in a dynamic economic and technological environment that presents risks and uncertainties, many of which are driven by factors that cannot be controlled or predicted. The key risks facing the business are:

- Foreign exchange movements

- Global climate change conditions

- Impacts of Inflation and interest rate increases

The directors recognises that certain risks are incidental to normal business operations. However, the Company's general philosophy is to avoid unnecessary risk and to limit, to the extent practicable, risks associated with business activities. Operating decisions should consider associated risks and transactions should be structured to avoid or minimise risk whenever possible.

Currency risks, like general business risks, represent a threat to company. As such, the Company must prudently manage these risks to limit their impact. The Company is using derivative instruments to hedge currency risks, and for that purpose only.

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Strategic Report

for the year ended 31st December 2025

RESEARCH AND DEVELOPMENT

KaTech is a specialist food technology company based in the UK that develop bespoke stabilizer and emulsifier solutions for the food sector. The Company's research and development is focused on new product development and/or appreciably improving products, for example improving formulations stability or reducing production costs /increasing throughput within the pilot plant from meat alternatives to vegan cakes. The technical team within KaTech includes a number of experienced technologists with extensive knowledge in various food sectors (e.g., the use of hydrocolloids within vegan formulations), who support the development process from idea conception to factory trials through to up-scale manufacture. KaTech has dedicated technical development facilities in the UK (including a pilot plant facility), Germany (full scale manufacturing) and Poland (sales office only).

FUTURE PLANS AND PROSPECTS

KaTech are using new technologies to develop cleaner label ingredient declaration for our customer products, together with improved nutritional profiles.

ON BEHALF OF THE BOARD:

G P I Alliston - Director

23rd June 2026

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Report of the Directors

for the year ended 31st December 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of technical solutions to food manufacturers.

DIVIDENDS

The total distribution of dividends for the year ended 31st December 2025 was £700,000 paid on the 17 December 2025.

DIRECTORS

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

P Wotherspoon

R Hooton

Other changes in directors holding office are as follows:

G P I Alliston - appointed 1st October 2025

POLITICAL DONATIONS AND EXPENDITURE

No political donations were made during the year.

MATTERS CONSIDERED IN THE STRATEGIC REPORT

The principal risks and uncertainties facing the company and key performance indicators including the use of financial instruments have been considered in the Strategic Report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing 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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Report of the Directors

for the year ended 31st December 2025

AUDITORS

TC Group were appointed auditors to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

ON BEHALF OF THE BOARD:

G P I Alliston - Director

23rd June 2026

Report of the Independent Auditors to the Members of

Katech Ingredient Solutions Ltd

Opinion

We have audited the financial statements of Katech Ingredient Solutions Ltd (the 'company') for the year ended 31st December 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, 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 31st 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

Katech Ingredient Solutions Ltd

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 four, 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.

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. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

Our approach was as follows:

- |  | We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the directors and other management (as required by auditing standards), and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations; |

- |  | We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the Companies Act 2006), the relevant tax compliance regulations in the UK, and the relevant waste regulations in the UK (including the Waste (England and Wales) Regulations 2011); |

- |  | We considered the nature of the industry, the control environment and business performance, including the key drivers for management's remuneration; |

Report of the Independent Auditors to the Members of

Katech Ingredient Solutions Ltd

- |  | We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit; |

- |  | We considered the procedures and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls. |

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

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.

Patrick du Casse (Senior Statutory Auditor)

For and on behalf of TC Group

Statutory Auditor

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

23rd June 2026

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Statement of Comprehensive

Income

for the year ended 31st December 2025

| 31.12.25 |  | 31.12.24

| Notes | £ | £ |

REVENUE | 3 | 16,930,639 |  | 14,971,567 |  |

Cost of sales | (12,960,801 | ) | (11,372,014 | ) |

GROSS PROFIT | 3,969,838 |  | 3,599,553 |  |

Administrative expenses | (3,021,313 | ) | (3,685,243 | ) |

948,525 |  | (85,690 | ) |

Other operating income | 7,911 |  | 13,061 |  |

OPERATING PROFIT/(LOSS) and |

PROFIT/(LOSS) BEFORE TAXATION | 956,436 |  | (72,629 | ) |

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

PROFIT/(LOSS) FOR THE FINANCIAL YEAR | 956,436 |  | (72,629 | ) |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 956,436 |  | (72,629 | ) |

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Statement of Financial Position

31st December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 8 | 634 |  | 845 |  |

Property, plant and equipment | 9 | 122,262 |  | 124,617 |  |

122,896 |  | 125,462 |  |

CURRENT ASSETS

Inventories | 10 | 1,553,895 |  | 1,266,234 |  |

Debtors | 11 | 3,465,743 |  | 2,889,548 |  |

Cash at bank and in hand | 1,209,340 |  | 1,419,655 |  |

6,228,978 |  | 5,575,437 |  |

CREDITORS

Amounts falling due within one year | 12 | 1,614,925 |  | 1,217,537 |  |

NET CURRENT ASSETS | 4,614,053 |  | 4,357,900 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,736,949 |  | 4,483,362 |  |

CREDITORS

Amounts falling due after more than one year | 13 | 3,891 |  | 6,740 |  |

NET ASSETS | 4,733,058 |  | 4,476,622 |  |

CAPITAL AND RESERVES

Called up share capital | 15 | 20,000 |  | 20,000 |  |

Retained earnings | 16 | 4,713,058 |  | 4,456,622 |  |

SHAREHOLDERS' FUNDS | 4,733,058 |  | 4,476,622 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 23rd June 2026 and were signed on its behalf by:

G P I Alliston - Director

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Statement of Changes in Equity

for the year ended 31st December 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1st January 2024 | 20,000 |  | 4,529,251 |  | 4,549,251 |  |

Changes in equity

Total comprehensive income | - |  | (72,629 | ) | (72,629 | ) |

Balance at 31st December 2024 | 20,000 |  | 4,456,622 |  | 4,476,622 |  |

Changes in equity

Dividends | - |  | (700,000 | ) | (700,000 | ) |

Total comprehensive income | - |  | 956,436 |  | 956,436 |  |

Balance at 31st December 2025 | 20,000 |  | 4,713,058 |  | 4,733,058 |  |

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Notes to the Financial Statements

for the year ended 31st December 2025

1. | STATUTORY INFORMATION

| Katech Ingredient Solutions Ltd 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 presentational currency of the financial statements is shown in pound sterling (£) rounded to the nearest pound.

| The Company's ultimate parent undertaking, Ingredion Incorporated, includes the Company in its consolidated financial statements. The consolidated financial statements of Ingredion Incorporated are prepared in accordance with US-GAAP accounting standards and are available to the public.

| Going concern

| The directors are confident that the going concern basis of preparation is appropriate given the combination of an expectation of sufficient cash inflows from continuing contracts, available cash reserves and if required financial support from its parent Company.

| The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for twelve months from the date of approval of the financial statements.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemptions 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 requirement of paragraph 3.17(d);

| • | the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

| • | the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

| • | the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

| • | the requirement of paragraph 33.7.

| Critical accounting judgements and key sources of estimation uncertainty

| In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying value of assets and liabilities. The directors' judgement, estimates and assumptions are based on the best and most reliable evidence at the time when the decisions are made and are based on historical experience and other factors that are considered to be applicable. Due to the inherent sensitivity involved in making judgements, estimates and assumptions, the actual results and outcomes may differ.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Any revisions to accounting estimates are recognised in the period to which it relates.

| In assessing whether there have been any indicators of impairment to assets, the directors consider both external and internal sources of information such as market conditions and experience of recoverability and establishes a provision for receivables and inventories that are estimated not to be recoverable.

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

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

| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the delivery of the goods.

| 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.

| Patents and licences are being amortised evenly over their estimated useful life of ten years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Short leasehold | - | 20% on cost and 10% on cost

| Plant and machinery | - | 10% on cost

| Fixtures and fittings | - | 20% on cost

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 20% on cost

| Stocks

| Inventories are valued at the lower of cost and selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

| 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 statement, when there is illegally 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

| 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. Financial assets classified as payable within one year are not amortised.

| Other financial assets

| Other financial assets are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in the Statement of Comprehensive Income.

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

2. | ACCOUNTING POLICIES - continued

| Basic financial liabilities

| Basic financial liabilities, including trade creditors, other creditors and loans from fellow group companies are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method. Financial liabilities classified as payable within one year are not amortised.

| Other financial liabilities

| Derivatives, including forward foreign exchange contacts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivatives contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in the Statement of Comprehensive income.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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

| 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.

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

3. | REVENUE

| The revenue and profit (2024 - loss) before taxation are attributable to the one principal activity of the company.

| An analysis of revenue by geographical market is given below:

| 31.12.25 |  | 31.12.24

£ | £ |

| United Kingdom | 15,188,968 |  | 13,460,368 |  |

| Europe | 1,741,671 |  | 1,511,199 |  |

16,930,639 |  | 14,971,567 |  |

4. | EMPLOYEES AND DIRECTORS

| 31.12.25 |  | 31.12.24

£ | £ |

| Wages and salaries | 1,158,685 |  | 1,184,040 |  |

| Social security costs | 151,469 |  | 160,457 |  |

| Other pension costs | 282,029 |  | 327,977 |  |

1,592,183 |  | 1,672,474 |  |

| The average number of employees during the year was as follows:

| 31.12.25 |  | 31.12.24

| Technical solutions | 9 |  | 9 |  |

| Sales & customer support | 6 |  | 7 |  |

| Administrative | 7 |  | 8 |  |

22 |  | 24 |  |

| Directors' remuneration

|  | 31.12.25 |  |  | 31.12.24 |  |

|  | £ |  |  | £ |  |

| Directors' remuneration |  | 257,471 |  |  | 445,558 |  |

| Directors' pension contributions to money purchase schemes |  | 36,069 |  |  | 160,046 |  |

|  | 910,982 |  |  | 519,045 |  |

| The numbers of director to whom retirement benefits were accruing was as follows:

| Money purchase schemes |  | 3 |  |  | 3 |

| Information regarding the highest paid director is as follows:

|  | 31.12.25 |  |  | 31.12.24 |  |

|  | £ |  |  | £ |  |

| Directors' remuneration |  | 120,977 |  |  | 213,462 |  |

| Directors' pension contributions to money purchase schemes |  | 15,605 |  |  | 45,051 |  |

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

5. | OPERATING PROFIT/(LOSS)

| The operating profit (2024 - operating loss) is stated after charging/(crediting):

| 31.12.25 |  | 31.12.24

£ | £ |

| Hire of plant and machinery | 1,537 |  | 1,607 |  |

| Other operating leases | 126,115 |  | 118,302 |  |

| Depreciation - owned assets | 39,377 |  | 39,606 |  |

| Patents and licences amortisation | 211 |  | 211 |  |

| Auditor remuneration | 14,750 |  | 11,000 |  |

| Foreign exchange differences | (102,724 | ) | 153,901 |  |

| Research and development expenditure | 936,514 |  | 1,000,874 |  |

6. | TAXATION

| Analysis of the tax charge

| No liability to UK corporation tax arose for the year ended 31st December 2025 nor for the year ended 31st December 2024.

| 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:

| 31.12.25 |  | 31.12.24

£ | £ |

| Profit/(loss) before tax | 956,436 |  | (72,629 | ) |

| Profit/(loss) multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 239,109 |  | (18,157 | ) |

| Effects of:

| Expenses not deductible for tax purposes | 1,051 |  | 1,787 |  |

| Capital allowances in excess of depreciation | (1,631 | ) | - |  |

| Depreciation in excess of capital allowances | - |  | 3,549 |  |

| Utilisation of tax losses | (189,725 | ) | - |  |

| R&D expenditure credit | (46,826 | ) | - |  |

| Tax losses carried forward | - |  | 12,821 |  |

| Other permanent differences | (1,978 | ) | - |  |

| Total tax charge | - |  | - |  |

| Pillar Two

| The entity is within the scope of Pillar Two legislation, which is based on the OECD's Pillar Two Model Rules. Pillar Two legislation has been enacted in United Kingdom in which the entity operates. The entity has taken advantage of disclosure exemption conferred by Para 1.12(dA) of FRS 102 and therefore does not include disclosures required under paras 29.28(b) and 29.29 of FRS 102.

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

7. | DIVIDENDS

|  | 31.12.25 |  | 31.12.24 |  |

| Ordinary shares |  |

| Final |  | 700,000 |  | - |  |

8. | INTANGIBLE FIXED ASSETS

| Patents

| and

| licences

£ |

| COST

| At 1st January 2025

| and 31st December 2025 | 2,113 |  |

| AMORTISATION

| At 1st January 2025 | 1,268 |  |

| Amortisation for year | 211 |  |

| At 31st December 2025 | 1,479 |  |

| NET BOOK VALUE

| At 31st December 2025 | 634 |  |

| At 31st December 2024 | 845 |  |

9. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures

| Short |  | Plant and |  | and

| leasehold |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1st January 2025 | 597,358 |  | 482,662 |  | 107,793 |  |

| Additions | - |  | - |  | 4,793 |  |

| Disposals | - |  | (8,257 | ) | - |  |

| At 31st December 2025 | 597,358 |  | 474,405 |  | 112,586 |  |

| DEPRECIATION

| At 1st January 2025 | 575,555 |  | 408,028 |  | 84,736 |  |

| Charge for year | 6,889 |  | 16,255 |  | 11,147 |  |

| At 31st December 2025 | 582,444 |  | 424,283 |  | 95,883 |  |

| NET BOOK VALUE

| At 31st December 2025 | 14,914 |  | 50,122 |  | 16,703 |  |

| At 31st December 2024 | 21,803 |  | 74,634 |  | 23,057 |  |

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

9. | PROPERTY, PLANT AND EQUIPMENT - continued

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1st January 2025 | 1,098 |  | 36,618 |  | 1,225,529 |  |

| Additions | - |  | 40,486 |  | 45,279 |  |

| Disposals | - |  | - |  | (8,257 | ) |

| At 31st December 2025 | 1,098 |  | 77,104 |  | 1,262,551 |  |

| DEPRECIATION

| At 1st January 2025 | 1,098 |  | 31,495 |  | 1,100,912 |  |

| Charge for year | - |  | 5,086 |  | 39,377 |  |

| At 31st December 2025 | 1,098 |  | 36,581 |  | 1,140,289 |  |

| NET BOOK VALUE

| At 31st December 2025 | - |  | 40,523 |  | 122,262 |  |

| At 31st December 2024 | - |  | 5,123 |  | 124,617 |  |

10. | INVENTORIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Raw materials | 436,949 |  | 319,057 |  |

| Finished goods | 1,116,946 |  | 947,177 |  |

1,553,895 |  | 1,266,234 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 2,761,535 |  | 2,367,926 |  |

| Amounts owed by group undertakings | 151,088 |  | 15,144 |  |

| Other debtors | 169,795 |  | 134,244 |  |

| Tax | 298,031 |  | 286,875 |  |

| VAT | 47,212 |  | 38,834 |  |

| Prepayments and accrued income | 38,082 |  | 46,525 |  |

3,465,743 |  | 2,889,548 |  |

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 167,969 |  | 67,585 |  |

| Amounts owed to group undertakings | 1,217,946 |  | 833,076 |  |

| Social security and other taxes | 37,727 |  | 46,662 |  |

| Other creditors | 6,019 |  | 7,676 |  |

| Derivative financial instruments | 51,478 |  | 120,039 |  |

| Accruals and deferred income | 133,786 |  | 142,499 |  |

1,614,925 |  | 1,217,537 |  |

| Derivative financial instruments are foreign exchange contracts measured at fair value at the year end.

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Long term derivative financial instruments | 3,891 |  | 6,740 |  |

| Please see note 12.

14. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.12.25 |  | 31.12.24

£ | £ |

| Within one year | 103,161 |  | 84,312 |  |

| Between one and five years | 85,611 |  | 129,736 |  |

188,772 |  | 214,048 |  |

15. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 1,000 | Ordinary | 20 | 20,000 |  | 20,000 |  |

| Ordinary shares have full voting and dividend rights.

16. | RESERVES

| Retained

| earnings

£ |

| At 1st January 2025 | 4,456,622 |  |

| Profit for the year | 956,436 |  |

| Dividends | (700,000 | ) |

| At 31st December 2025 | 4,713,058 |  |

KATECH INGREDIENT SOLUTIONS LTD (REGISTERED NUMBER: 07455222) |

Notes to the Financial Statements - continued

for the year ended 31st December 2025

17. | 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.

18. | ULTIMATE CONTROLLING PARTY

| The controlling party is Ingredion UK Limited.

| The ultimate controlling party is Ingredion Inc.

| The intermediate parent undertaking is Ingredion Global Holdings, LLC, a company incorporated in the USA.

| The only group in which the results of the company are consolidated is that headed by Ingredion Inc. the ultimate parent company, incorporated in the USA. Copies of the Annual Report and Accounts are available to the public at www.ingredion.com or may be obtained from 5 Westbrook Corporate Center, Westchester, IL 601564, USA.