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REGISTERED NUMBER: 12979470 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 December 2025

for

GDMP Investments Limited

GDMP Investments Limited (Registered number: 12979470)

Contents of the Consolidated Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Group Strategic Report | 2 |

Report of the Directors | 5 |

Report of the Independent Auditors | 8 |

Consolidated Statement of Comprehensive Income | 12 |

Consolidated Balance Sheet | 13 |

Company Balance Sheet | 15 |

Consolidated Statement of Changes in Equity | 16 |

Company Statement of Changes in Equity | 17 |

Consolidated Cash Flow Statement | 18 |

Company Cash Flow Statement | 19 |

Notes to the Cash Flow Statements | 20 |

Notes to the Consolidated Financial Statements | 22 |

GDMP Investments Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | M P Graves

| G A Moreno Carrillo

| REGISTERED OFFICE: | 70 Heathwood Road

| Bournemouth

| BH9 2JZ

| REGISTERED NUMBER: | 12979470 (England and Wales)

| AUDITORS: | RA Audit Services Limited (Statutory Auditor)

| 2nd Floor

| Grove House

| 55 Lowlands Road

| Harrow

| Middlesex

| HA1 3AW

GDMP Investments Limited (Registered number: 12979470)

Group Strategic Report

for the Year Ended 31 December 2025

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

FAIR REVIEW OF BUSINESS

The Group's results for the year and the financial position at the year end were considered satisfactory by the directors.

The Group remains focused on maximising the value of second-hand products and maintaining its position as a leading destination for technology and entertainment products across its 28 trading locations.

Product warranties, brand awareness and the Group's online presence continue to provide clear competitive advantages over both local competitors and larger national brands. The Group expects to build on these strengths to further support its market position.

Reducing above-store costs to improve profitability remains a key priority. Work is underway to deliver further operational efficiencies through technology and revised procedures, with expected improvements in stock management, people management, labour costs and stock shrinkage.

Although the Group's main focus remains its CEX franchise operations, it continues to explore new property investment and trading opportunities to diversify and maximise shareholder value. During the year, the Group acquired 100% of the issued share capital of Issho Birmingham Limited on 1 June 2025 for a cash consideration of £80. The fair value of the identifiable net assets acquired was £2,513, resulting in a bargain purchase gain of £2,433 recognised in the consolidated statement of comprehensive income. The results of Issho Birmingham Limited have been consolidated from the date on which control passed to the Group. In addition, two subsidiaries that had ceased trading in the previous year were dissolved after the year end.

GDMP Investments Limited (Registered number: 12979470)

Group Strategic Report

for the Year Ended 31 December 2025

PRINCIPAL RISKS AND UNCERTAINTIES

There are number of potential risks and uncertainties which could impact group's performance. The board of Directors consider the risks of all significant business decisions and changes in the external environment and group operations. These risks are assessed by the board on a regular basis to ensure they are identified and appropriately managed. The principal risks arise from inaccurate assessment of the products, inappropriate staff and managers training and inefficient internal controls assessment.

Financial risk

The group's financial risk is arising primarily from adjusting buying and selling prices of the products to match demand and supply at a given time.

However, the group is mainly dealing in the second-hand electronic products which are highly technical and the risk has been mitigated by setting fixed prices across the whole franchise.

Competitive risk

UK's franchisee market is competitive, particularly in the high street retail sectors where our business is focused. Many companies have entered the market and are offering similar products which gives rise to competitive pricing structures. The impact of technology has been enormous, and it is essential that we keep abreast of advances in this area. Our Franchisor is one of the leaders in the market, continuous training improvements and product selection criteria has helped us to control competition risk.

Taxation risk

The group is exposed to financial risks from increase in tax rates and changes to the basis of taxation including VAT and corporation tax. Principal controls to mitigate this risk include regular monitoring of legislative proposals and use of experienced sector specific professional advisors to mitigate the impact of changes.

Liquidity risk

The group manages the liquidity risk by ensuring there are sufficient funds to meet the operating needs of the business.

In respect of bank balances, the liquidity risk is managed by maintaining a positive balance between continuity of funding and flexibility through an agreed payment policy. Given the maturity of bank loans, the group is in a position to meet its commitments and obligations as they become due.

GDMP Investments Limited (Registered number: 12979470)

Group Strategic Report

for the Year Ended 31 December 2025

The group's key performance indicators for the year ended 31 December 2025 are as follows:

| YE 31.12.25 |  | YE 31.12.24 |  |

Turnover |  | £27,736,884 |  | £24,576,169 |  |

Gross profit |  | £12,325,254 |  | £10,576,644 |  |

Gross profit margin |  | 44.43% |  | 43.04% |  |

Profit before tax |  | £1,625,391 |  | £2,005,772 |  |

Shareholders' equity |  | £6,511,041 |  | £5,359,792 |  |

The results for the current year has improved due to all the stores operating at full capacity and this is in line with the management expectations.

During the year, the group decided to close the operations for one of the loss making subsidiary and also acquired another subsidiary.

ON BEHALF OF THE BOARD:

G A Moreno Carrillo - Director

22 July 2026

GDMP Investments Limited (Registered number: 12979470)

Report of the Directors

for the Year Ended 31 December 2025

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

PRINCIPAL ACTIVITIES

The principal activity of the parent continued to be that of a holding company.

The principal activities of subsidiaries were that of sale and purchase of second hand technological and entertainment products, property investment and sale of lifestyle products..

DIVIDENDS

No interim dividend was paid during the year. The total distribution of dividends for the year ended 31 December 2025 was £294,165 (2024: £323,929).

FUTURE DEVELOPMENTS

The group continues to focus on presence at prime high street location as the means of sustaining high turnover levels and improving operational efficiencies. The directors are always looking to enhance the value of the business through forward planning, investing in human resources and expansion programmes.

The group is actively managing its capital and cash requirements. The directors are confident that the group will continue to meet all future capital requirements.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

M P Graves

G A Moreno Carrillo

GDMP Investments Limited (Registered number: 12979470)

Report of the Directors

for the Year Ended 31 December 2025

FINANCIAL INSTRUMENTS

The group's principal financial instruments comprise bank balances, trade debtors, trade creditors, balances due to and from related companies and bank borrowings.. The main purpose of these instruments is to raise funds for group's operations and to finance group's trading activities.

Due to the nature of the financial instruments used by the group there is no exposure to price risk. The group's approach to managing other risks applicable to financial instruments concerned is shown below.

In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding.

Trade debtors are managed in respect of credit and cash flow risk by regular monitoring of amounts outstanding.

Trade creditors liquidity risk is managed by ensuring funds are available to meet amounts due within agreed terms.

Interest rate risk - The Group borrows from its bankers using term loans whose tenure depends on the nature of the asset and management's view of the future direction on interest rate.

In respect of loans due to related entities, these are interest-free and repayable on demand. This allows the group to maintain sufficient funds to meet its payment to creditors.

ENGAGEMENT WITH EMPLOYEES

Information Provision & Consultation

The group maintains a systematic policy of providing employees with information on matters of concern to them as employees. Information regarding the financial and economic factors affecting the performance of the group is regularly shared through internal communication channels, team meetings, and regular operational briefings.

Employee Consultation & Feedback

The group regularly consults employees or their representatives so that their views can be taken into account in making decisions which are likely to affect their interests. This is achieved through formal employee surveys, feedback forums, and open-door management practices, ensuring employee alignment with the group's strategic goals and operational changes.

Financial and Performance Participation

The group encourages the involvement of employees in its performance. Employee performance is incentivised and rewarded through structured performance-related bonus schemes, commission structures linked to store KPIs, and employee recognition programmes, thereby aligning staff interests with the commercial success of the group.

Employment of Disabled Persons

Full and fair consideration is given to applications for employment made by disabled persons, having regard to their particular aptitudes and abilities. In the event of members of staff becoming disabled, every effort is made to ensure that their employment with the group continues and that appropriate training and adjustments are arranged. It is the policy of the group that the training, career development, and promotion of disabled persons should, as far as possible, be identical to that of other employees.

GDMP Investments Limited (Registered number: 12979470)

Report of the Directors

for the Year Ended 31 December 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

AUDITORS

The auditors, RA Audit Services Limited (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

G A Moreno Carrillo - Director

22 July 2026

Report of the Independent Auditors to the Members of

GDMP Investments Limited

Opinion

We have audited the financial statements of GDMP Investments Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement, Company Cash Flow Statement and Notes to the Cash Flow Statements, 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 group's and of the parent company affairs as at 31 December 2025 and of the group's 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 group 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 group's and the parent 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 Group 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.

Report of the Independent Auditors to the Members of

GDMP Investments Limited

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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

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

- | the parent company 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 seven, 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

GDMP Investments 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.

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

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.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

The client partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify and recognise non-compliance with applicable laws and regulations.

1) We identified the laws and regulations applicable to the group through discussions with directors, key management personnel and from our commercial knowledge and experience.

2) We focused on specific laws and regulations which we considered may have a direct effect on financial statements or the operations of the group including Companies Act 2006, current taxation legislation, data protection, anti-bribery and money laundering, food safety, employment and health and safety legislation.

3) We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management.

4) Identified laws and regulations were communicated with the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur by;

1) Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual suspected and alleged fraud and

2) Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

1) Performed analytical procedures to identify any unusual and unexpected relationships,

2) Tested journal entries to identify unusual transactions,

3) Investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

1) Agreeing financial statements disclosures to underlying supporting documentation.

2) Enquiring of management as to actual and potential litigation and claims and

3) Reviewing correspondence with HMRC, enquiring of management over health and safety, laws relating to electrical appliances.

Report of the Independent Auditors to the Members of

GDMP Investments Limited

There are inherent limitations in our audit procedures described above. Auditing standards also limit the audit procedures required to identifying non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

Abdul Hafeez ACA, FCCA (Senior Statutory Auditor)

for and on behalf of RA Audit Services Limited (Statutory Auditor)

2nd Floor

Grove House

55 Lowlands Road

Harrow

Middlesex

HA1 3AW

22 July 2026

GDMP Investments Limited (Registered number: 12979470)

Consolidated Statement of Comprehensive Income

for the Year Ended 31 December 2025

31.12.25 | 31.12.24 |

| Notes | £ | £

TURNOVER | 4 | 27,736,884 |  | 24,576,169 |  |

Cost of sales | 15,311,630 |  | 13,999,525 |  |

GROSS PROFIT | 12,425,254 |  | 10,576,644 |  |

Administrative expenses | 10,848,990 |  | 8,723,866 |  |

1,576,264 |  | 1,852,778 |  |

Other operating income | 5 | 203,043 |  | 376,191 |  |

OPERATING PROFIT | 8 | 1,779,307 |  | 2,228,969 |  |

Profit/loss on sale of tang fa | 9 | - |  | 185,884 |  |

1,779,307 |  | 2,043,085 |  |

Interest receivable and similar income | 10 | 22,521 |  | 20,552 |  |

1,801,828 |  | 2,063,637 |  |

Interest payable and similar expenses | 11 | 176,437 |  | 57,865 |  |

PROFIT BEFORE TAXATION | 1,625,391 |  | 2,005,772 |  |

Tax on profit | 12 | 179,977 |  | 446,075 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,445,414 |  | 1,559,697 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,445,414 |  | 1,559,697 |  |

Profit attributable to:

Owners of the parent | 1,445,414 |  | 1,559,697 |  |

Total comprehensive income attributable to:

Owners of the parent | 1,445,414 |  | 1,559,671 |  |

Non-controlling interests | - |  | 26 |  |

1,445,414 |  | 1,559,697 |  |

GDMP Investments Limited (Registered number: 12979470)

Consolidated Balance Sheet

31 December 2025

31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 15 | 369,086 |  | 431,462 |  |

Tangible assets | 16 | 2,469,437 |  | 1,888,388 |  |

Investments | 17 | - |  | - |  |

Investment property | 18 | 2,707,757 |  | 2,648,893 |  |

5,546,280 |  | 4,968,743 |  |

CURRENT ASSETS

Stocks | 19 | 2,606,229 |  | 2,129,332 |  |

Debtors | 20 | 1,526,074 |  | 1,750,662 |  |

Cash at bank and in hand | 2,040,929 |  | 1,492,322 |  |

6,173,232 |  | 5,372,316 |  |

CREDITORS

Amounts falling due within one year | 21 | 2,671,018 |  | 2,363,452 |  |

NET CURRENT ASSETS | 3,502,214 |  | 3,008,864 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 9,048,494 |  | 7,977,607 |  |

CREDITORS

Amounts falling due after more than one year | 22 | (2,262,285 | ) | (2,284,373 | ) |

PROVISIONS FOR LIABILITIES | 25 | (275,168 | ) | (333,416 | ) |

NET ASSETS | 6,511,041 |  | 5,359,818 |  |

GDMP Investments Limited (Registered number: 12979470)

Consolidated Balance Sheet - continued

31 December 2025

31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £

CAPITAL AND RESERVES

Called up share capital | 26 | 1,600 |  | 1,600 |  |

Other reserves | 85,726 |  | 85,726 |  |

Retained earnings | 6,423,715 |  | 5,272,466 |  |

SHAREHOLDERS' FUNDS | 6,511,041 |  | 5,359,792 |  |

NON-CONTROLLING INTERESTS | - |  | 26 |  |

TOTAL EQUITY | 6,511,041 |  | 5,359,818 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

G A Moreno Carrillo - Director

GDMP Investments Limited (Registered number: 12979470)

Company Balance Sheet

31 December 2025

31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 15 | - |  | - |  |

Tangible assets | 16 | - |  | - |  |

Investments | 17 | 3,861 |  | 3,781 |  |

Investment property | 18 | - |  | - |  |

3,861 |  | 3,781 |  |

CURRENT ASSETS

Debtors | 20 | 1,972,077 |  | 2,254,812 |  |

Cash at bank | 12,769 |  | 4,697 |  |

1,984,846 |  | 2,259,509 |  |

CREDITORS

Amounts falling due within one year | 21 | 13,160 |  | 16,460 |  |

NET CURRENT ASSETS | 1,971,686 |  | 2,243,049 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,975,547 |  | 2,246,830 |  |

CAPITAL AND RESERVES

Called up share capital | 26 | 1,600 |  | 1,600 |  |

Retained earnings | 1,973,947 |  | 2,245,230 |  |

SHAREHOLDERS' FUNDS | 1,975,547 |  | 2,246,830 |  |

Company's profit for the financial year | 22,882 |  | 906,917 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

G A Moreno Carrillo - Director

GDMP Investments Limited (Registered number: 12979470)

Consolidated Statement of Changes in Equity

for the Year Ended 31 December 2025

Called up |  |

share | Retained | Other |

capital | earnings | reserves |

| £ | £ | £

Balance at 1 January 2024 | 1,600 |  | 4,036,698 |  | 85,726 |  |

Changes in equity

Dividends | - |  | (323,929 | ) | - |  |

Total comprehensive income | - |  | 1,559,697 |  | - |  |

Balance at 31 December 2024 | 1,600 |  | 5,272,466 |  | 85,726 |  |

Changes in equity

Dividends | - |  | (294,165 | ) | - |  |

Total comprehensive income | - |  | 1,445,414 |  | - |  |

Balance at 31 December 2025 | 1,600 |  | 6,423,715 |  | 85,726 |  |

Non-controlling | Total |

Total | interests | equity |

| £ | £ | £

Balance at 1 January 2024 | 4,124,024 |  | - |  | 4,124,024 |  |

Changes in equity

Dividends | (323,929 | ) | - |  | (323,929 | ) |

Total comprehensive income | 1,559,697 |  | 26 |  | 1,559,723 |  |

Balance at 31 December 2024 | 5,359,792 |  | 26 |  | 5,359,818 |  |

Changes in equity

Dividends | (294,165 | ) | - |  | (294,165 | ) |

Total comprehensive income | 1,445,414 |  | - |  | 1,445,414 |  |

Balance at 31 December 2025 | 6,511,041 |  | 26 |  | 6,511,067 |  |

GDMP Investments Limited (Registered number: 12979470)

Company Statement of Changes in Equity

for the Year Ended 31 December 2025

Called up |  |

share | Retained | Total |

capital | earnings | equity |

| £ | £ | £

Balance at 1 January 2024 | 1,600 |  | 1,662,242 |  | 1,663,842 |  |

Changes in equity

Dividends | - |  | (323,929 | ) | (323,929 | ) |

Total comprehensive income | - |  | 906,917 |  | 906,917 |  |

Balance at 31 December 2024 | 1,600 |  | 2,245,230 |  | 2,246,830 |  |

Changes in equity

Dividends | - |  | (294,165 | ) | (294,165 | ) |

Total comprehensive income | - |  | 22,882 |  | 22,882 |  |

Balance at 31 December 2025 | 1,600 |  | 1,973,947 |  | 1,975,547 |  |

GDMP Investments Limited (Registered number: 12979470)

Consolidated Cash Flow Statement

for the Year Ended 31 December 2025

31.12.25 | 31.12.24 |

| Notes | £ | £

Cash flows from operating activities

Cash generated from operations | 1 | 2,509,619 |  | 1,929,339 |  |

Interest paid | (176,437 | ) | (57,865 | ) |

Tax paid | (473,274 | ) | (279,102 | ) |

Net cash from operating activities | 1,859,908 |  | 1,592,372 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (27,566 | ) | (57,000 | ) |

Purchase of tangible fixed assets | (1,003,250 | ) | (365,198 | ) |

Purchase of fixed asset investments | (80 | ) | - |  |

Purchase of investment property | (361,579 | ) | (1,642,406 | ) |

Sale of tangible fixed assets | 12,122 |  | 20,014 |  |

Sale of fixed asset investments | 6,317 |  | - |  |

Sale of investment property | 309,032 |  | - |  |

Interest received | 22,521 |  | 20,552 |  |

Net cash from investing activities | (1,042,483 | ) | (2,024,038 | ) |

Cash flows from financing activities

New loans in year | 25,347 |  | 1,521,338 |  |

Equity dividends paid | (294,165 | ) | (323,929 | ) |

Net cash from financing activities | (268,818 | ) | 1,197,409 |  |

Increase in cash and cash equivalents | 548,607 |  | 765,743 |  |

Cash and cash equivalents at beginning of year | 2 | 1,492,322 |  | 726,579 |  |

Cash and cash equivalents at end of year | 2 | 2,040,929 |  | 1,492,322 |  |

GDMP Investments Limited (Registered number: 12979470)

Company Cash Flow Statement

for the Year Ended 31 December 2025

31.12.25 | 31.12.24 |

| Notes | £ | £

Cash flows from operating activities

Cash generated from operations | 1 | (356,650 | ) | (859,078 | ) |

Interest paid | (75 | ) | - |  |

Tax paid | (3,308 | ) | - |  |

Net cash from operating activities | (360,033 | ) | (859,078 | ) |

Cash flows from investing activities

Purchase of fixed asset investments | (80 | ) | - |  |

Dividends received | 662,350 |  | 1,184,051 |  |

Net cash from investing activities | 662,270 |  | 1,184,051 |  |

Cash flows from financing activities

Equity dividends paid | (294,165 | ) | (323,929 | ) |

Net cash from financing activities | (294,165 | ) | (323,929 | ) |

Increase in cash and cash equivalents | 8,072 |  | 1,044 |  |

Cash and cash equivalents at beginning of year | 2 | 4,697 |  | 3,653 |  |

Cash and cash equivalents at end of year | 2 | 12,769 |  | 4,697 |  |

GDMP Investments Limited (Registered number: 12979470)

Notes to the Cash Flow Statements

for the Year Ended 31 December 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| Group

31.12.25 | 31.12.24 |

| £ | £

| Profit before taxation | 1,625,391 |  | 2,005,772 |  |

| Depreciation charges | 495,109 |  | 412,405 |  |

| (Profit)/loss on disposal of fixed assets | (1,404 | ) | 185,884 |  |

| Finance costs | 176,437 |  | 57,865 |  |

| Finance income | (22,521 | ) | (20,552 | ) |

2,273,012 |  | 2,641,374 |  |

| Increase in stocks | (476,897 | ) | (358,498 | ) |

| Decrease/(increase) in trade and other debtors | 271,936 |  | (165,780 | ) |

| Increase/(decrease) in trade and other creditors | 441,568 |  | (187,757 | ) |

| Cash generated from operations | 2,509,619 |  | 1,929,339 |  |

| Company

31.12.25 | 31.12.24 |

| £ | £

| Profit before taxation | 22,882 |  | 906,917 |  |

| Finance costs | 75 |  | - |  |

| Finance income | (662,350 | ) | (1,184,051 | ) |

(639,393 | ) | (277,134 | ) |

| Decrease/(increase) in trade and other debtors | 282,735 |  | (588,456 | ) |

| Increase in trade and other creditors | 8 |  | 6,512 |  |

| Cash generated from operations | (356,650 | ) | (859,078 | ) |

GDMP Investments Limited (Registered number: 12979470)

Notes to the Cash Flow Statements

for the Year Ended 31 December 2025

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statements in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Group |  | Company |

| Year ended 31 December 2025

| 31.12.25 |  | 1.1.25 |  | 31.12.25 |  | 1.1.25

| £ | £ | £ | £

| Cash and cash equivalents | 2,040,929 |  | 1,492,322 |  | 12,769 |  | 4,697 |  |

| Year ended 31 December 2024

| 31.12.24 |  | 1.1.24 |  | 31.12.24 |  | 1.1.24

| £ | £ | £ | £

| Cash and cash equivalents | 1,492,322 |  | 726,583 |  | 4,697 |  | 3,653 |  |

| Bank overdrafts | - |  | (4 | ) | - |  | - |  |

1,492,322 |  | 726,579 |  | 4,697 |  | 3,653 |  |

3. | ANALYSIS OF CHANGES IN NET DEBT

| Group

| At 1.1.25 | Cash flow | At 31.12.25

| £ | £ | £

| Net cash |

| Cash at bank and in hand | 1,492,322 |  | 548,607 |  | 2,040,929 |  |

1,492,322 |  | 548,607 |  | 2,040,929 |  |

| Debt

| Debts falling due within 1 year | (120,581 | ) | (47,435 | ) | (168,016 | ) |

| Debts falling due after 1 year | (2,284,373 | ) | 22,088 |  | (2,262,285 | ) |

(2,404,954 | ) | (25,347 | ) | (2,430,301 | ) |

| Total | (912,632 | ) | 523,260 |  | (389,372 | ) |

| Company

| At 1.1.25 | Cash flow | At 31.12.25

| £ | £ | £

| Net cash |

| Cash at bank | 4,697 |  | 8,072 |  | 12,769 |  |

4,697 |  | 8,072 |  | 12,769 |  |

| Total | 4,697 |  | 8,072 |  | 12,769 |  |

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| GDMP Investments 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 General 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, modified to include investment properties and certain financial instruments at fair value.

| The financial statements are prepared in sterling, which is the functional currency of the company Monetary amounts in those non statutory financial statements are rounded to the nearest £.

| Basis of consolidation

| In the parent company financial statements, the cost of business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount contingent consideration that is probable and can be measured reliably and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. Investment in subsidiaries are accounted for at cost less impairment.

| The consolidated financial statements incorporate those of GDMP Investments Limited and all of its subsidiaries (i.e. entities that the group controls through its power to govern the financial and operating policies so as to obtain economic benefits). Subsidiaries acquired during the year are consolidated using the purchase method. Their results are incorporated from the date that control passes.

| All financial statements are made up to 31 December 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

| All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

| Going concern

| Management has considered the post balance sheet events, and other conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon group's ability to continue as a going concern. Improving operating results and financial position after the balance sheet date indicates the going concern assumption is still appropriate.

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows :

| Sales of goods

| Turnover from sale of electronics is recognised when significant risk 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 cost incurred or to be incurred in respect of the transaction can be measured reliably. This is usually when goods are processed through the Company's outlet till and handed over to the customers or processed through internet and goods are dispatched. Sales are recognised in the accounts at the point of sale.

| Turnover for the group also includes income from operating miniso stores, sell of cakes and rent receivable from investment properties and is recognised to the period it relates to.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business is being amortised evenly over its estimated useful life of ten years.

| Patents and licences

| 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.

| Franchisee fees are being amortised over their estimated useful life of 5 - 10 years.

| Computer software is being amortised evenly over its estimated useful life of 5 years.

| Tangible fixed assets

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

| Freehold property | - | 10% on cost

| Short leasehold | - | 10% on reducing balance

| Improvements to property | - | 20% on cost and 10% on cost

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance and 20% on cost

| Tangible fixed assets are initially measured at cost and subsequently at cost, net of depreciation and any impairment losses.

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Investment property

| Investment property which is property held to earn rentals and/or for capital appreciation is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss account.

| Stocks

| Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first our basis.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price is recognised as an impairment loss in profit or loss.

| Financial instruments

| The group has elected to apply the provision of Section 11 `Basic Financial Instruments` and Section 12 Other Financial Instruments Issues` of FRS 102 to all of its financial instruments.

| 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 unless the arrangements constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Impairment of financial assets

| Financial assets are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity is any contract that evidences are residual interest in the assets of the group after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities include creditors and bank loans are initially recognised at transaction price unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax.

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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.

| Pension costs and other post-retirement benefits

| The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

| Cash and cash equivalents

| Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks and bank overdraft. Bank overdrafts are shown within borrowings in current liabilities.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they no longer at the discretion of the company.

| Exchange liabilities

| The group purchases second hand electronic goods from the general public for a non-cash consideration by issuing 'Exchange Voucher'. The exchange vouchers are redeemable in exchange for other goods from any shop operated by the Franchisor but can not be redeemed for cash. The vouchers have no expiry date. Exchange liability vouchers are recognised at transaction price.

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

3. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAIN

| In the application of the group's accounting policies, the directors are required to make judgments estimates and assumptions about the carrying amount of the assets and liabilities that are not readily apparent from other are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| Key sources of estimation uncertainty

| The following judgements have had the most significant effect on amounts recognised in the financial statements.

| Useful lives of intangible fixed assets

| Intangible fixed assets consist of goodwill and fanchisee fees. The annual amortisation charge depends on estimated useful economic life of the asset. The directors regularly review the remaining useful life of these assets. Changes in asset's useful economic life can have a significant impact on amortisation charge for the period. Detail of the useful economic life is included in accounting policies.

| Useful lives of tangible fixed assets

| The costs of tangible fixed assets less their residual value are depreciated over their estimated useful economic lives which are estimated by the director. Changes in the expected level of usage and technological developments could impact on the useful economic lives of these assets; therefore, further depreciation charges could be revised.

| Exchange liabilities

| The group purchases second-hand electronic goods from members of the general public in exchange for non-cash consideration issued in the form of ‘Exchange Vouchers’. These vouchers do not have an expiry date. Based on industry knowledge, historical trends, analysis of redemption patterns, and the group’s experience of voucher utilisation by customers, the group retains exchange liabilities relating to vouchers issued during the previous four years as amounts payable within one year. Any remaining unredeemed balance thereafter is written back to the profit and loss account.

4. | TURNOVER

| The turnover and profit before taxation are attributable to the principal activities of the group.

| An analysis of turnover by class of business is given below:

31.12.25 | 31.12.24 |

| £ | £

| Second hand electronic sales | 26,738,012 |  | 24,436,098 |  |

| Miniso sales | 797,072 |  | 61,274 |  |

| Rental income | 201,800 |  | 78,797 |  |

27,736,884 |  | 24,576,169 |  |

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

5. | OTHER OPERATING INCOME

31.12.25 | 31.12.24 |

| £ | £

| Sundry receipts | 203,043 |  | 376,191 |  |

| Miscellaneous income includes management recharges, insurance claims, exchange liabilities adjustments, commission income and VAT refund.

6. | EMPLOYEES AND DIRECTORS

31.12.25 | 31.12.24 |

| £ | £

| Wages and salaries | 4,451,694 |  | 3,712,129 |  |

| Social security costs | 408,965 |  | 236,615 |  |

| Other pension costs | 60,847 |  | 51,370 |  |

4,921,506 |  | 4,000,114 |  |

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

31.12.25 | 31.12.24 |

| Management | 7 |  | 5 |  |

| Engineer | 7 |  | 6 |  |

| Store assistant | 241 |  | 223 |  |

255 |  | 234 |  |

7. | DIRECTORS' EMOLUMENTS

31.12.25 | 31.12.24 |

| £ | £

| Directors' remuneration | 7,985 |  | 12,527 |  |

| Directors' excess retirement benefits | 59,975 |  | 51,370 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 1 |  | - |  |

8. | OPERATING PROFIT

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

31.12.25 | 31.12.24 |

| £ | £

| Depreciation - owned assets | 405,167 |  | 329,588 |  |

| Profit on disposal of fixed assets | (1,404 | ) | - |  |

| Goodwill amortisation | 86,843 |  | 82,215 |  |

| Patents and licences amortisation | 3,100 |  | 600 |  |

| Auditors' remuneration | 21,500 |  | 21,500 |  |

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

9. | EXCEPTIONAL ITEMS

31.12.25 | 31.12.24 |

| £ | £

| Inter company loan written off | (100,000 | ) | 305,474 |  |

| Profit/loss on sale of tang fa | - |  | (185,884 | ) |

(100,000 | ) | 119,590 |  |

10. | INTEREST RECEIVABLE AND SIMILAR INCOME |

31.12.25 | 31.12.24 |

| £ | £

| Deposit account interest | 22,521 |  | 20,552 |  |

11. | INTEREST PAYABLE AND SIMILAR EXPENSES |

31.12.25 | 31.12.24 |

| £ | £

| Bank loan interest | 46,666 |  | 14,140 |  |

| Bank interest payable | 75 |  | - |  |

| Interest on overdue taxation | 16,421 |  | - |  |

| Mortgage | 113,275 |  | 43,725 |  |

176,437 |  | 57,865 |  |

12. | TAXATION

| Analysis of the tax charge

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

31.12.25 | 31.12.24 |

| £ | £

| Current tax:

| UK corporation tax | 238,225 |  | 434,395 |  |

| Deferred tax | (58,248 | ) | 11,680 |  |

| Tax on profit | 179,977 |  | 446,075 |  |

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

12. | TAXATION - continued

| 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 before tax | 1,625,391 |  | 2,005,772 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 406,348 |  | 501,443 |  |

| Effects of:

| Expenses not deductible for tax purposes | 2,854 |  | (26,301 | ) |

| Income not taxable for tax purposes | (133,184 | ) | - |  |

| Capital allowances in excess of depreciation | (38,221 | ) | (39,737 | ) |

| Utilisation of tax losses | - |  | (26 | ) |

| Deferred tax | (58,248 | ) | 11,680 |  |

| Losses c/fwd | 34,719 |  | - |  |

| Group adjustments | (12,691 | ) | (984 | ) |

| Losses b/fwd | (21,600 | ) | - |  |

| Total tax charge | 179,977 |  | 446,075 |  |

13. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

| As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.

14. | DIVIDENDS

31.12.25 | 31.12.24 |

| £ | £

| A to F Ordinary shares of £1 each

| Interim | 294,165 |  | 323,929 |  |

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

15. | INTANGIBLE FIXED ASSETS

| Group

Patents and |

Goodwill | licences | Totals |

| £ | £ | £

| COST

| At 1 January 2025 | 1,554,668 |  | 139,583 |  | 1,694,251 |  |

| Additions | (2,434 | ) | 30,000 |  | 27,566 |  |

| At 31 December 2025 | 1,552,234 |  | 169,583 |  | 1,721,817 |  |

| AMORTISATION

| At 1 January 2025 | 1,124,524 |  | 138,264 |  | 1,262,788 |  |

| Amortisation for year | 86,843 |  | 3,100 |  | 89,943 |  |

| At 31 December 2025 | 1,211,367 |  | 141,364 |  | 1,352,731 |  |

| NET BOOK VALUE

| At 31 December 2025 | 340,867 |  | 28,219 |  | 369,086 |  |

| At 31 December 2024 | 430,144 |  | 1,319 |  | 431,463 |  |

16. | TANGIBLE FIXED ASSETS

| Group

Freehold | Short | Improvements |

property | leasehold | to property |

| £ | £ | £

| COST

| At 1 January 2025 | 533,934 |  | 82,516 |  | 420,990 |  |

| Additions | - |  | - |  | 508,602 |  |

| Disposals | - |  | - |  | - |  |

| At 31 December 2025 | 533,934 |  | 82,516 |  | 929,592 |  |

| DEPRECIATION

| At 1 January 2025 | - |  | 55,143 |  | 144,072 |  |

| Charge for year | - |  | 5,742 |  | 72,105 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 December 2025 | - |  | 60,885 |  | 216,177 |  |

| NET BOOK VALUE

| At 31 December 2025 | 533,934 |  | 21,631 |  | 713,415 |  |

| At 31 December 2024 | 533,934 |  | 27,373 |  | 276,918 |  |

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

16. | TANGIBLE FIXED ASSETS - continued

| Group

Fixtures |

Plant and | and | Motor |

machinery | fittings | vehicles | Totals |

| £ | £ | £ | £

| COST

| At 1 January 2025 | 3,383,752 |  | - |  | 254,500 |  | 4,675,692 |  |

| Additions | 282,629 |  | 162,276 |  | 49,743 |  | 1,003,250 |  |

| Disposals | - |  | - |  | (52,090 | ) | (52,090 | ) |

| At 31 December 2025 | 3,666,381 |  | 162,276 |  | 252,153 |  | 5,626,852 |  |

| DEPRECIATION

| At 1 January 2025 | 2,442,367 |  | - |  | 145,721 |  | 2,787,303 |  |

| Charge for year | 279,448 |  | 13,506 |  | 34,366 |  | 405,167 |  |

| Eliminated on disposal | - |  | - |  | (35,055 | ) | (35,055 | ) |

| At 31 December 2025 | 2,721,815 |  | 13,506 |  | 145,032 |  | 3,157,415 |  |

| NET BOOK VALUE

| At 31 December 2025 | 944,566 |  | 148,770 |  | 107,121 |  | 2,469,437 |  |

| At 31 December 2024 | 941,385 |  | - |  | 108,779 |  | 1,888,389 |  |

17. | FIXED ASSET INVESTMENTS

| Company

Shares in |

group |

undertakings |

| £

| COST

| At 1 January 2025 | 3,781 |  |

| Additions | 80 |  |

| At 31 December 2025 | 3,861 |  |

| NET BOOK VALUE

| At 31 December 2025 | 3,861 |  |

| At 31 December 2024 | 3,781 |  |

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

17. | FIXED ASSET INVESTMENTS - continued

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

| Subsidiaries

| GDMP Limited

| Registered office: 70 Heathwood road, Bournemouth, Dorset, BH9 2JZ

| Nature of business: Sale of second hand electronics

% |

| Class of shares: | holding |

| A,B,C, D, E, F Ordinary shares | 100.00 |

31.12.25 | 31.12.24 |

| £ | £

| Aggregate capital and reserves | 3,902,547 |  | 3,120,371 |  |

| Profit for the year | 1,444,526 |  | 1,750,421 |  |

| GDMP Properties Limited

| Registered office: 70 Heathwood road, Bournemouth, Dorset, BH9 2JZ

| Nature of business: Property Investment

% |

| Class of shares: | holding |

| Ordinary shares | 100.00 |

31.12.25 | 31.12.24 |

| £ | £

| Aggregate capital and reserves | 118,758 |  | 77,834 |  |

| Profit/(loss) for the year | 40,924 |  | (13,978 | ) |

| GDMP Iberia SL

| Registered office: Calle Conde De Aranda, Nu.20 Planata 4, Puerta DCH 28001, Madrid

| Nature of business: Dormant

% |

| Class of shares: | holding |

| Ordinary shares | 100.00 |

31.12.25 | 31.12.24 |

| £ | £

| Aggregate capital and reserves | 100 |  | 100 |  |

| Every Cake Limited

| Registered office: 70 Heathwood road, Bournemouth, Dorset, BH9 2JZ

| Nature of business: Non trading

% |

| Class of shares: | holding |

| Ordinary shares | 75.00 |

31.12.25 | 31.12.24 |

| £ | £

| Aggregate capital and reserves | - |  | 279 |  |

| (Loss)/profit for the year | (279 | ) | 104 |  |

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

17. | FIXED ASSET INVESTMENTS - continued

| Issho Solihull Limited

| Registered office: 70 Heathwood Road, Bournemouth, BH9 2JZ

| Nature of business: Non trading

% |

| Class of shares: | holding |

| Ordinary | 100.00 |

31.12.25 | 31.12.24 |

| £ | £

| Aggregate capital and reserves | (5,723 | ) | (2,345 | ) |

| (Loss)/profit for the year | (2,028 | ) | 97,695 |  |

| Issho Birmingham Limited

| Registered office: 70 Heathwood Road, Bournemouth, BH9 2JZ

| Nature of business: Sale of lifestyle and general merchandise

% |

| Class of shares: | holding |

| Ordinary | 100.00 |

31.12.25 |  |

| £

| Aggregate capital and reserves | 542,759 |  |

| Profit for the year | 548,668 |  |

| AUDIT EXEMPTION OF SUBSIDIARIES

| For the financial year ended 31 December 2025, Every Cake Limited, Issho Birmingham Limited and Issho Solihull Limited have claimed exemption from audit under S479A of the companies act relating to subsidiary companies.

| GDMP Iberia SL has claimed exemption from audit under section 480 of the companies act relating to dormant companies.

| In accordance with S405 of the Companies Act 2006, GDMP Iberia SL has been excluded from consolidation as it is dormant.

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

18. | INVESTMENT PROPERTY

| Group

Total |

| £

| FAIR VALUE

| At 1 January 2025 | 2,648,893 |  |

| Additions | 361,579 |  |

| Disposals | (302,715 | ) |

| At 31 December 2025 | 2,707,757 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,707,757 |  |

| At 31 December 2024 | 2,648,893 |  |

| Investment properties are carried at fair value. The directors have assessed the fair value of the properties at 31 December 2025 by reference to recent market evidence, rental yields and the condition/location of the properties. No independent external valuation was obtained. The directors consider that the carrying value approximates fair value at the reporting date. Any fair value movement is recognised in profit or loss.

19. | STOCKS

| Group |

31.12.25 | 31.12.24 |

| £ | £

| Stocks | 2,606,229 |  | 2,129,332 |  |

20. | DEBTORS

| Group |  | Company |

31.12.25 | 31.12.24 | 31.12.25 | 31.12.24 |

| £ | £ | £ | £

| Amounts falling due within one year: |

| Trade debtors | 5,919 |  | 40,134 |  | - |  | - |  |

| Purchase ledger debit balance | 31,315 |  | 50,112 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 156,429 |  | 221,429 |  |

| Other debtors | 1,231,887 |  | 1,448,014 |  | 815,648 |  | 1,033,383 |  |

| Directors' current accounts | 56 |  | 56 |  | - |  | - |  |

| Tax | 47,348 |  | - |  | - |  | - |  |

| Prepayments and accrued income | 209,549 |  | 212,346 |  | - |  | - |  |

1,526,074 |  | 1,750,662 |  | 972,077 |  | 1,254,812 |  |

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

20. | DEBTORS - continued

| Group |  | Company |

31.12.25 | 31.12.24 | 31.12.25 | 31.12.24 |

| £ | £ | £ | £

| Amounts falling due after more than | one year: |

| Amounts owed by group undertakings | - |  | - |  | 1,000,000 |  | 1,000,000 |  |

| Aggregate amounts | 1,526,074 |  | 1,750,662 |  | 1,972,077 |  | 2,254,812 |  |

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

| Group |  | Company |

31.12.25 | 31.12.24 | 31.12.25 | 31.12.24 |

| £ | £ | £ | £

| Bank loans and overdrafts (see note 23) | 168,016 |  | 120,581 |  | - |  | - |  |

| Trade creditors | 406,555 |  | 122,663 |  | - |  | 22 |  |

| Exchange liability | 870,134 |  | 804,818 |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | 6,500 |  | 6,232 |  |

| Tax | - |  | 187,701 |  | - |  | 3,308 |  |

| Social security and other taxes | 72,974 |  | 50,382 |  | - |  | - |  |

| VAT | 424,907 |  | 502,809 |  | - |  | - |  |

| Other creditors | 232,790 |  | 165,973 |  | 160 |  | 398 |  |

| Net wages | 205 |  | - |  | - |  | - |  |

| Accrued expenses | 495,437 |  | 408,525 |  | 6,500 |  | 6,500 |  |

2,671,018 |  | 2,363,452 |  | 13,160 |  | 16,460 |  |

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

| Group |

31.12.25 | 31.12.24 |

| £ | £

| Bank loans (see note 23) | 2,262,285 |  | 2,284,373 |  |

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

23. | LOANS

| An analysis of the maturity of loans is given below:

| Group |

31.12.25 | 31.12.24 |

| £ | £

| Amounts falling due within one year or | on demand: |

| Bank loans | 168,016 |  | 120,581 |  |

| Amounts falling due between two and | five years: |

| Bank loans - 2-5 years | 282,210 |  | 130,674 |  |

| Amounts falling due in more than five | years: |

| Repayable by instalments

| Bank loans more 5 yr by instal | 1,980,075 |  | 2,153,699 |  |

| The above bank loans are trading loans and are secured by a fixed and floating charge over present and future assets of the group.

| Included within other creditors falling due within one year and creditors falling due after more than one year is £2,430,301 (2024: £2,404,954) in respect of a bank loan. The bank loan is on properties and is secured by a fixed and floating charge over the assets of the group.

24. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

Non-cancellable |

operating leases |

31.12.25 | 31.12.24 |

| £ | £

| Within one year | 1,237,240 |  | 753,325 |  |

| Between one and five years | 2,717,354 |  | 1,507,178 |  |

| In more than five years | 1,533,234 |  | 423,900 |  |

5,487,828 |  | 2,684,403 |  |

| The cost of rent recognised as an expense during the year is £1,126,221 (2024 : £950,137).

25. | PROVISIONS FOR LIABILITIES

| Group |

31.12.25 | 31.12.24 |

| £ | £

| Deferred tax | 275,168 |  | 333,416 |  |

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

25. | PROVISIONS FOR LIABILITIES - continued

| Group

Deferred tax |

| £

| Balance at 1 January 2025 | 333,416 |  |

| Credit to Statement of Comprehensive Income during year | (58,248 | ) |

| Balance at 31 December 2025 | 275,168 |  |

26. | CALLED UP SHARE CAPITAL

| Numbers Class Nominal Value £

| 196 A Ordinary £1 196

| 196 B Ordinary £1 196

| 392 C Ordinary £1 392

| 424 D Ordinary £1 424

| 196 E Ordinary £1 196

| 196 F Ordinary £1 196

| A to F Ordinary shares carry full voting rights and full entitlement to profit and capital distribution. .

27. | RELATED PARTY DISCLOSURES

| Other creditors due within one year includes balance of £83,500 (2024: £138,500) due to the shareholders' family members.

| Included in debtors due within one year is an amount due from following companies connected to the directors:

| Issho Limited: £765,272 (2024 : £1,033,007)

| The Cornbread House Limited: £50,000 (2024: £Nil)

| Company

| Included in debtors due within one year is an amount due from following companies connected to the directors:

| Issho Limited: £765,272 (2024 : £1,033,007)

| The Cornbread House Limited: £50,000 (2024: £Nil)

28. | POST BALANCE SHEET EVENTS

| Post year end Every Cake Limited was dissolved on 21 April 2026 and Issho Solihull Limited on 9 June 2026.

29. | ULTIMATE CONTROLLING PARTY

| The group and the company is controlled by all the shareholders with no one party having an overall control.

GDMP Investments Limited (Registered number: 12979470)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2025

30. | GUARANTEE

| There is unlimited multilateral guarantee between GDMP Limited, and related company H &D Estates Limited in respect of bank loans.