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REGISTERED NUMBER: 02915169 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2026

for

Label Apeel Limited

Label Apeel Limited (Registered number: 02915169)

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Statement of Financial Position | 3 |

Notes to the Financial Statements | 5 |

Label Apeel Limited

Company Information

for the Year Ended 31 March 2026

| DIRECTORS: | S J Kellock

| M D Kellock

| H G McKinder

| E N Kellock

| SECRETARY: | M D Kellock

| REGISTERED OFFICE: | Bo House

| 17 Pinfold Road

| Thurmaston

| Leicester

| LE4 8AS

| REGISTERED NUMBER: | 02915169 (England and Wales)

| ACCOUNTANTS: | The Rowleys Partnership Ltd

| Chartered Accountants

| Charnwood House

| Harcourt Way

| Meridian Business Park

| Leicester

| Leicestershire

| LE19 1WP

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Label Apeel Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Label Apeel Limited for the year ended 31 March 2026 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Label Apeel Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Label Apeel Limited and state those matters that we have agreed to state to the Board of Directors of Label Apeel Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Label Apeel Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Label Apeel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Label Apeel Limited. You consider that Label Apeel Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Label Apeel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

29 July 2026

Label Apeel Limited (Registered number: 02915169)

Statement of Financial Position

31 March 2026

| 31.3.26 | 31.3.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,918,397 |  | 3,249,757 |  |

CURRENT ASSETS

Stocks | 422,831 |  | 440,103 |  |

Debtors | 5 | 1,311,595 |  | 1,008,567 |  |

Cash at bank and in hand | 54,901 |  | 177,207 |  |

1,789,327 |  | 1,625,877 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,560,476 |  | 1,556,662 |  |

NET CURRENT ASSETS | 228,851 |  | 69,215 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,147,248 |  | 3,318,972 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (600,625 | ) | (855,317 | ) |

PROVISIONS FOR LIABILITIES | (462,992 | ) | (538,921 | ) |

NET ASSETS | 2,083,631 |  | 1,924,734 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 5,000 |  | 5,000 |  |

Retained earnings | 2,078,631 |  | 1,919,734 |  |

SHAREHOLDERS' FUNDS | 2,083,631 |  | 1,924,734 |  |

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 directors acknowledge their 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.

Label Apeel Limited (Registered number: 02915169)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

S J Kellock - Director

Label Apeel Limited (Registered number: 02915169)

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Label Apeel 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.

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.

| Significant judgements and estimates

| The preparation of the financial statements requires the use of estimates and assumptions. The key areas of estimation relate to the valuation of stocks and the useful economic lives of tangible fixed assets.

| Turnover

| Revenue is recognised to the extent that it it probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Sale of goods

| Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

| - the Company has transferred the significant risks and rewards of ownership to the buyer;

| - the Company retains neither continuing managerial involvement to the degree usually associated

| with ownership nor effective control over the goods sold;

| - the amount of revenue can be measured reliably;

| - it is probable that the Company will receive the consideration due under the transaction; and

| - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| 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 | - | 2% on cost

| Plant and machinery | - | 10% on cost

| Fixtures and fittings | - | 10% on cost

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 33% on cost

Label Apeel Limited (Registered number: 02915169)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| 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 out basis. Work in progress and finished goods include labour and attributable overheads.

| At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Profit and Loss account.

| 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 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.

| Provision for liabilities

| The provision for liabilities represents deferred taxation arising on timing differences, primarily in respect of accelerated capital allowances.

| 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.

| Government grants

| Government grants receivable in relation to the Made Smarter East Midlands Adoption Programme are recognised as income over the periods necessary to match them with the related costs which they are intended to compensate, on a systematic basis. Government grants are shown separately as other income.

Label Apeel Limited (Registered number: 02915169)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 41 (2025 - 43 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 April 2025 | 1,369,997 |  | 4,430,626 |  | 519,553 |  |

| Additions | - |  | 12,108 |  | 1,960 |  |

| At 31 March 2026 | 1,369,997 |  | 4,442,734 |  | 521,513 |  |

| DEPRECIATION

| At 1 April 2025 | 198,512 |  | 2,640,712 |  | 282,118 |  |

| Charge for year | 19,600 |  | 301,268 |  | 38,730 |  |

| At 31 March 2026 | 218,112 |  | 2,941,980 |  | 320,848 |  |

| NET BOOK VALUE

| At 31 March 2026 | 1,151,885 |  | 1,500,754 |  | 200,665 |  |

| At 31 March 2025 | 1,171,485 |  | 1,789,914 |  | 237,435 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2025 | 136,914 |  | 175,875 |  | 6,632,965 |  |

| Additions | 65,240 |  | 1,253 |  | 80,561 |  |

| At 31 March 2026 | 202,154 |  | 177,128 |  | 6,713,526 |  |

| DEPRECIATION

| At 1 April 2025 | 126,044 |  | 135,822 |  | 3,383,208 |  |

| Charge for year | 27,180 |  | 25,143 |  | 411,921 |  |

| At 31 March 2026 | 153,224 |  | 160,965 |  | 3,795,129 |  |

| NET BOOK VALUE

| At 31 March 2026 | 48,930 |  | 16,163 |  | 2,918,397 |  |

| At 31 March 2025 | 10,870 |  | 40,053 |  | 3,249,757 |  |

| Land included in freehold property is not depreciated.

Label Apeel Limited (Registered number: 02915169)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

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

| 31.3.26 |  | 31.3.25

£ | £ |

| Trade debtors | 663,284 |  | 528,509 |  |

| Amounts owed by group undertakings | 476,158 |  | 476,158 |  |

| Other debtors | 172,153 |  | 3,900 |  |

1,311,595 |  | 1,008,567 |  |

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

| 31.3.26 |  | 31.3.25

£ | £ |

| Bank loans and overdrafts | 73,791 |  | 104,096 |  |

| Hire purchase contracts | 223,171 |  | 387,222 |  |

| Trade creditors | 521,243 |  | 505,189 |  |

| Taxation and social security | 335,509 |  | 245,091 |  |

| Other creditors | 406,762 |  | 315,064 |  |

1,560,476 |  | 1,556,662 |  |

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

| 31.3.26 |  | 31.3.25

£ | £ |

| Bank loans | 236,123 |  | 314,840 |  |

| Hire purchase contracts | 355,205 |  | 530,280 |  |

| Other creditors | 9,297 |  | 10,197 |  |

600,625 |  | 855,317 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.26 |  | 31.3.25

£ | £ |

| Bank loans | 309,914 |  | 418,936 |  |

| Hire purchase contracts | 578,376 |  | 917,502 |  |

888,290 |  | 1,336,438 |  |

| The bank loans are secured on the company's assets.

| The hire purchase agreements are secured on the assets to which they relate.

Label Apeel Limited (Registered number: 02915169)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.26 |  | 31.3.25

| value: | £ | £ |

| 4,500 | Ordinary A | £1 | 4,500 |  | 4,500 |  |

| 500 | Ordinary B | £1 | 500 |  | 500 |  |

5,000 |  | 5,000 |  |

10. | COMMITMENTS, GUARANTEES AND CONTINGENCIES

| The company had total guarantees and commitments at the balance sheet date of £,1,466,081 (2025 - £94,278).

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

| 31.3.26 |  | 31.3.25

£ | £ |

| H G McKinder

| Balance outstanding at start of year | 570 |  | - |  |

| Amounts advanced | - |  | 570 |  |

| Amounts repaid | (475 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 95 |  | 570 |  |

| The above loan is interest free and repayable on demand.

12. | RELATED PARTY DISCLOSURES

| The company has taken advantage of the exemption, available 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 members of the group.