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REGISTERED NUMBER: 09624788 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SICIS UK LTD.

SICIS UK LTD. (REGISTERED NUMBER: 09624788)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

SICIS UK LTD.

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | M Placuzzi

| Ms G Placuzzi

| REGISTERED OFFICE: | 15a Dover St, Mayfair

| London

| United Kingdom

| W1S 4LR

| REGISTERED NUMBER: | 09624788 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Francesco Andreozzi

| AUDITORS: | Belluzzo Audit Limited

| Chartered Accountants and Statutory Auditors

| 38 Craven Street

| London

| WC2N 5NG

SICIS UK LTD. (REGISTERED NUMBER: 09624788)

BALANCE SHEET

31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 28,343 |  | 5,739 |  |

CURRENT ASSETS

Stocks | 695,532 |  | 686,151 |  |

Debtors | 5 | 1,162,776 |  | 1,232,492 |  |

Cash at bank | 74,032 |  | 250,580 |  |

1,932,340 |  | 2,169,223 |  |

CREDITORS

Amounts falling due within one year | 6 | (2,716,415 | ) | (3,017,948 | ) |

NET CURRENT LIABILITIES | (784,075 | ) | (848,725 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (755,732 | ) | (842,986 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | (56,173 | ) | - |  |

NET LIABILITIES | (811,905 | ) | (842,986 | ) |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | (811,906 | ) | (842,987 | ) |

(811,905 | ) | (842,986 | ) |

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 6 August 2026 and were signed on its behalf by:

Ms G Placuzzi - Director

SICIS UK LTD. (REGISTERED NUMBER: 09624788)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Sicis UK Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

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

| Revenue from a contract to provide services is recognised in the period in which the services are provided and the revenue from the sale of goods is recognised when the item is sold for a transfer of payment.

| Percentage of completion method is used for long projects; in this case revenue recognition is based on the stage of completion of a transaction or contract using the method that measures most reliably the work performed.

| Tangible fixed assets

| Depreciation is provided on the following basis:

| Long-term leasehold property: straight line over 10 years

| Plant and Machinery: 4 to 7 years straight line

| Stocks

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

| 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.

SICIS UK LTD. (REGISTERED NUMBER: 09624788)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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 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.

| Financial instruments

| Financial assets

| The company's financial assets comprise basic financial instruments, being trade and other receivables, amounts owed by group undertakings, and cash and bank balances.

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of no more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Trade, other receivable and amounts owed by group undertakings are measured at transaction price less any impairment. Any impairment loss is recognised in the Profit and Loss.

| Financial assets are derecognised when contractual rights to the cash flows from the financial asset expires or are settled, or when substantially all the risks and rewards of ownership have been transferred.

| Financial liabilities

| The company's financial liabilities comprise of basic financial liabilities, including trade and other payables, corporation tax. These are initially recognised at transaction price.

| Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

SICIS UK LTD. (REGISTERED NUMBER: 09624788)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 50,040 |  | 2,150,966 |  | 2,201,006 |  |

| Additions | 29,965 |  | 184 |  | 30,149 |  |

| At 31 December 2025 | 80,005 |  | 2,151,150 |  | 2,231,155 |  |

| DEPRECIATION

| At 1 January 2025 | 46,704 |  | 2,148,563 |  | 2,195,267 |  |

| Charge for year | 6,665 |  | 880 |  | 7,545 |  |

| At 31 December 2025 | 53,369 |  | 2,149,443 |  | 2,202,812 |  |

| NET BOOK VALUE

| At 31 December 2025 | 26,636 |  | 1,707 |  | 28,343 |  |

| At 31 December 2024 | 3,336 |  | 2,403 |  | 5,739 |  |

5. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 39,858 |  | 162,554 |  |

| Other debtors | 819,209 |  | 689,970 |  |

859,067 |  | 852,524 |  |

| Amounts falling due after more than one year:

| Other debtors | 303,709 |  | 379,968 |  |

| Aggregate amounts | 1,162,776 |  | 1,232,492 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 70,141 |  | 235,694 |  |

| Amounts owed to group undertakings | 2,578,872 |  | 2,651,693 |  |

| Taxation and social security | 4,465 |  | 5,064 |  |

| Other creditors | 62,937 |  | 125,497 |  |

2,716,415 |  | 3,017,948 |  |

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

2025 | 2024 |

£ | £ |

| Other creditors | 56,173 |  | - |  |

SICIS UK LTD. (REGISTERED NUMBER: 09624788)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

8. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 595,000 |  | 376,667 |  |

| Between one and five years | 1,041,250 |  | - |  |

1,636,250 |  | 376,667 |  |

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

| The Report of the Auditors was unqualified.

| Francesco Andreozzi (Senior Statutory Auditor)

| for and on behalf of Belluzzo Audit Limited

10. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is M Placuzzi.

| The immediate and ultimate parent company is Sicis Srl, a company registered in Italy at via Canala 75/79 Ravenna, 48123.

| The smallest and larger group of undertakings for which group accounts have been drawn up is that headed by SICIS Srl and copies are availbale from SICIS srl registered office.