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REGISTERED NUMBER: 07554364 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

MIST ELECTRONIC CIGARETTES LIMITED

MIST ELECTRONIC CIGARETTES LIMITED (REGISTERED NUMBER: 07554364) |

Contents of the Financial Statements

for the year ended 31 March 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MIST ELECTRONIC CIGARETTES LIMITED |

Company Information

for the year ended 31 March 2026

| DIRECTOR: | F J Cassman

| REGISTERED OFFICE: | Preston Park House

| South Road

| Brighton

| East Sussex

| BN1 6SB

| REGISTERED NUMBER: | 07554364 (England and Wales)

| ACCOUNTANTS: | Plus Accounting

| Chartered Accountants

| Preston Park House

| South Road

| Brighton

| East Sussex

| BN1 6SB

MIST ELECTRONIC CIGARETTES LIMITED (REGISTERED NUMBER: 07554364) |

Balance Sheet

31 March 2026

2026 | 2025 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 4 | 5,394 |  | 5,660 |  |

Investments | 5 | 129,466 |  | 123,549 |  |

134,860 |  | 129,209 |  |

CURRENT ASSETS

Stocks | 64,629 |  | 84,198 |  |

Debtors | 6 | 24,470 |  | 29,138 |  |

Cash at bank | 109,834 |  | 113,245 |  |

198,933 |  | 226,581 |  |

CREDITORS

Amounts falling due within one year | 7 | (21,334 | ) | (17,410 | ) |

NET CURRENT ASSETS | 177,599 |  | 209,171 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 312,459 |  | 338,380 |  |

PROVISIONS FOR LIABILITIES | 9 | (1,025 | ) | (1,075 | ) |

NET ASSETS | 311,434 |  | 337,305 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 1 |  | 1 |  |

Non-distributable reserve | 38,019 |  | 32,102 |  |

Retained earnings | 273,414 |  | 305,202 |  |

SHAREHOLDERS' FUNDS | 311,434 |  | 337,305 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MIST ELECTRONIC CIGARETTES LIMITED (REGISTERED NUMBER: 07554364) |

Balance Sheet - continued

31 March 2026

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 director and authorised for issue on 29 July 2026 and were signed by:

F J Cassman - Director

MIST ELECTRONIC CIGARETTES LIMITED (REGISTERED NUMBER: 07554364) |

Notes to the Financial Statements

for the year ended 31 March 2026

1. | STATUTORY INFORMATION

| Mist Electronic Cigarettes 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 Company Information page.

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

| Mist Electronic Cigarettes Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business address can be found on the Company Information page.

| The presentational 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 as modified by the revaluation of certain assets.

| Turnover

| Revenue comprises the amount receivable from customers for the sale of electronic cigarettes and associated items exclusive of VAT. Revenue is recognised at point of sale.

| Tangible fixed assets

| Tangible fixed assets held for the Company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

| Fixtures & fittings - 25% reducing balance

| Impairment policy

| At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Stocks are made up of electronic cigarettes and associated items.

| Financial instruments

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

MIST ELECTRONIC CIGARETTES LIMITED (REGISTERED NUMBER: 07554364) |

Notes to the Financial Statements - continued

for the year ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| 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.

| 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 plan for its employees. A defined contribution pension plan is a pension plan under which the company pays contributions into a separate entity. Once the contributions have been paid, the company has no further obligations.

| The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

| Investments

| Investments are included at fair value as at the balance sheet date with the gain or loss going through the profit and loss account. The annual changes in fair value are cumulatively held within a non-distributable reserve.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2025 - 6 ) .

MIST ELECTRONIC CIGARETTES LIMITED (REGISTERED NUMBER: 07554364) |

Notes to the Financial Statements - continued

for the year ended 31 March 2026

4. | TANGIBLE FIXED ASSETS

Fixtures |

and |

fittings |

| £

| COST

| At 1 April 2025 | 23,226 |  |

| Additions | 1,193 |  |

| At 31 March 2026 | 24,419 |  |

| DEPRECIATION

| At 1 April 2025 | 17,566 |  |

| Charge for year | 1,459 |  |

| At 31 March 2026 | 19,025 |  |

| NET BOOK VALUE

| At 31 March 2026 | 5,394 |  |

| At 31 March 2025 | 5,660 |  |

5. | FIXED ASSET INVESTMENTS

Other |

investments |

| £

| COST OR VALUATION

| At 1 April 2025 | 123,549 |  |

| Revaluations | 5,917 |  |

| At 31 March 2026 | 129,466 |  |

| NET BOOK VALUE

| At 31 March 2026 | 129,466 |  |

| At 31 March 2025 | 123,549 |  |

| Cost or valuation at 31 March 2026 is represented by:

Other |

investments |

| £

| Valuation in 2023 | 118,734 |  |

| Valuation in 2024 | (812 | ) |

| Valuation in 2025 | 5,627 |  |

| Valuation in 2026 | 5,917 |  |

129,466 |  |

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

2026 | 2025 |

| £ | £

| Other debtors | 24,470 |  | 29,138 |  |

MIST ELECTRONIC CIGARETTES LIMITED (REGISTERED NUMBER: 07554364) |

Notes to the Financial Statements - continued

for the year ended 31 March 2026

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

2026 | 2025 |

| £ | £

| Trade creditors | 3,515 |  | 3,327 |  |

| Taxation and social security | 9,176 |  | 7,642 |  |

| Other creditors | 8,643 |  | 6,441 |  |

21,334 |  | 17,410 |  |

8. | LEASING AGREEMENTS

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

2026 | 2025 |

| £ | £

| Within one year | 11,250 |  | 22,500 |  |

| Between one and five years | - |  | 11,250 |  |

11,250 |  | 33,750 |  |

9. | PROVISIONS FOR LIABILITIES

2026 | 2025 |

| £ | £

| Deferred tax | 1,025 |  | 1,075 |  |

Deferred tax |

| £

| Balance at 1 April 2025 | 1,075 |  |

| Provided during year | (50 | ) |

| Balance at 31 March 2026 | 1,025 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

value: |  | £ | £

| 1 | Ordinary | £1 | 1 |  | 1 |  |