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REGISTERED NUMBER: SC152058 (Scotland)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| SUMMER ISLES FISHING COMPANY LIMITED |

SUMMER ISLES FISHING COMPANY LIMITED (REGISTERED NUMBER: SC152058)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

| Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |  | to |  | 5

SUMMER ISLES FISHING COMPANY LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr J Buchan

| Mr A Buchan

| Mr J G Buchan

| Mr S W Banks

| Miss J Buchan

| Mr A J Buchan

| Mr W C Buchan

| REGISTERED OFFICE: | East Quay

| The Harbour

| Peterhead

| Aberdeenshire

| AB42 1JF

| REGISTERED NUMBER: | SC152058 (Scotland)

| AUDITORS: | Bain Henry Reid

| Statutory Auditors

| Chartered Accountants

| 28 Broad Street

| Peterhead

| Aberdeenshire

| AB42 1BY

SUMMER ISLES FISHING COMPANY LIMITED (REGISTERED NUMBER: SC152058)

BALANCE SHEET

31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 5 | 2,307,327 |  | 2,306,487 |  |

Cash at bank | - |  | 2,061 |  |

2,307,327 |  | 2,308,548 |  |

CREDITORS

Amounts falling due within one year | 6 | 320,745 |  | 320,745 |  |

NET CURRENT ASSETS | 1,986,582 |  | 1,987,803 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,986,582 |  | 1,987,803 |  |

CAPITAL AND RESERVES

Called up share capital | 56 |  | 56 |  |

Share premium | 37,887 |  | 37,887 |  |

Capital redemption reserve | 16 |  | 16 |  |

Retained earnings | 1,948,623 |  | 1,949,844 |  |

SHAREHOLDERS' FUNDS | 1,986,582 |  | 1,987,803 |  |

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 14 May 2026 and were signed on its behalf by:

Mr A Buchan - Director

SUMMER ISLES FISHING COMPANY LIMITED (REGISTERED NUMBER: SC152058)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Summer Isles Fishing Company Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| 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.

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

| Taxation

| Taxation for the year 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 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.

| Going concern

| At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future, and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 7 ) .

SUMMER ISLES FISHING COMPANY LIMITED (REGISTERED NUMBER: SC152058)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | INTANGIBLE FIXED ASSETS

| Fishing

| licences

| and quota

£ |

| COST

| At 1 January 2025 | 4,471,011 |  |

| Disposals | (4,471,011 | ) |

| At 31 December 2025 | - |  |

| AMORTISATION

| At 1 January 2025 | 4,471,011 |  |

| Eliminated on disposal | (4,471,011 | ) |

| At 31 December 2025 | - |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | - |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 2,307,327 |  | 2,305,737 |  |

| Other debtors | - |  | 750 |  |

2,307,327 |  | 2,306,487 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 316,995 |  | 316,995 |  |

| Other creditors | 3,750 |  | 3,750 |  |

320,745 |  | 320,745 |  |

7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Iain Arthur FCCA (Senior Statutory Auditor)

| for and on behalf of Bain Henry Reid

8. | 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.

SUMMER ISLES FISHING COMPANY LIMITED (REGISTERED NUMBER: SC152058)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

9. | ULTIMATE PARENT COMPANY

| The ultimate parent company is Lunar Fishing Company Limited, which owns 100% of the issued share capital of Summer Isles Fishing Company Limited. The registered office and principal place of business is East Quay, The Harbour, Peterhead, AB42 1JF. Copies of its accounts can be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.

| The directors named in the Directors Report attached to these financial statements are shareholders of Lunar Fishing Company Limited, but do not by dint of those holdings exercise a majority holding of the issued share capital or exercise majority voting rights within that company. Other close family members of the directors hold shares in Lunar Fishing Company Limited. No material interests in any customer or suppliers of Summer Isles Fishing Company Limited have been noted for those family members, or for the directors.

| There is no ultimate controlling party.