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REGISTERED NUMBER: 08562870 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

JRD INNOVATIONS LIMITED

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Director | 3 |

| Report of the Independent Auditors | 5 |

| Statement of Comprehensive Income | 7 |

| Statement of Financial Position | 8 |

| Statement of Changes in Equity | 9 |

| Notes to the Financial Statements | 10 |

| JRD INNOVATIONS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTOR: | L Cheng

| REGISTERED OFFICE: | Unit 5-7 Seven Stars Industrial Estate

| Wheler Road

| Coventry

| West Midlands

| CV3 4LB

| REGISTERED NUMBER: | 08562870 (England and Wales)

| AUDITORS: | Galloways Accounting

| Statutory Auditor

| 15 West Street

| Brighton

| East Sussex

| BN1 2RL

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The director presents his strategic report for the year ended 30 September 2025.

JRD Innovations Limited provides comprehensive UK-China cross-border logistics and ecommerce service for merchants in China's market.

REVIEW OF BUSINESS

The results for the year as set out in the Income Statement show an operating profit of £930,413 (2024 - £1,085,113) from turnover of £20,244,784 (2024 - £18,746,433).

At year end, net assets were £5,142,076 (2024 - £5,311,067).

PRINCIPAL RISKS AND UNCERTAINTIES

In common with all businesses, the company faces risks and uncertainties. The Director adopts prudent policies to minimise risks and are actively involved in reducing the effects of any adverse circumstances which might arise.

The company's principal financial instruments comprise bank balances, trade debtors and trade creditors. The main purpose of these instruments is to raise funds for the company's operations and to finance the company's operations. In respect of these areas, risk is managed as follows:

- |  | Managing long-term contracts is essential to maintaining strong profit margins and consistent cash flows. By engaging with suppliers and customers, the director ensures projects are delivered in line with forecasts. |

- |  | Bank balances liquidity risk: a balance is maintained between the continuity of funding an flexibility through use of money market facilities where funds are available. |

- |  | Trade debtors credit and cash flow risks: a tight control is maintained on the company's credit control regime. |

- |  | Trade creditors liquidity risk: it is ensured that sufficient funds are available to meet amounts due. |

In terms of non-financial risk, the company ensures that it is fully appraised of any regulatory or statutory changes and is committed to fulfilling its legal obligations.

FINANCIAL INSTRUMENTS

The company has no loans in the form of bank loans and hire purchase agreements. The director considers the exposure to credit, liquidity and cash flow risk to be limited.

DEVELOPMENT AND PERFORMANCE

Despite a 13% decrease in gross profit margin, the director considers the financial results for the period to be satisfactory. Over the past two financial years, a range of strategic measures have been implemented to control costs, improve marketing, and maintain competitive pricing. Looking forward, the director remains confident that these strategies will lay a strong foundation for sustained growth and positive performance in the year ahead.

FINANCIAL KEY PERFORMANCE INDICATORS

Financial indicators include turnover and employment cost. Non-financial indicators include the number of sales orders and customer experience.

KPI |  | 2025 £ |  | 2024 £ |  | % Change |  | Commentary |

Turnover |  | 20,244,784 |  | 18,746,433 |  | 8% |  |

Gross profit |  | 1,924,615 |  | 2,208,717 |  | (13%) |  |

Operating profit |  | 930,413 |  | 1,085,113 |  | (14%) |  |

Net assets |  | 5,142,076 |  | 5,311,067 |  | (3%) |  |

ON BEHALF OF THE BOARD:

L Cheng - Director

5 August 2026

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The director presents his report with the financial statements of the company for the year ended 30 September 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of selling goods to China.

DIVIDENDS

An interim dividend of £200 per share was paid on 17 December 2024. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 30 September 2025 will be £ 999,997 .

DIRECTOR

L Cheng held office during the whole of the period from 1 October 2024 to the date of this report.

DIRECTORS' INDEMNITIES

As permitted by the Companies Act 2006, the Company has indemnified the director in respect of proceedings brought by third parties and qualifying third party indemnity insurance was in place throughout the year and up to the date of approval of the financial statements.

DISCLOSURE IN THE STRATEGIC REPORT

In accordance with s414C(11) of the Companies Act, the following information has been contained within the company's strategic report, found on page 1 of these accounts, which would otherwise be required by Schedule 7 of the ''Large and Medium-sized Companies and Group Accounts and Reports Regulations 2008'' to be included in the directors' report: consideration of important events occurring in the period and future developments.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company 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 director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he 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 company's auditors are aware of that information.

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 30 SEPTEMBER 2025

AUDITORS

The auditors, Galloways Accounting, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

L Cheng - Director

5 August 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

JRD INNOVATIONS LIMITED

Opinion

We have audited the financial statements of JRD Innovations Limited (the 'company') for the year ended 30 September 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and 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 company's affairs as at 30 September 2025 and of its 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 company 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 director's 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 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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.

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 Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Director 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

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, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of director's remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

JRD INNOVATIONS LIMITED

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is responsible for assessing the 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

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.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries and management bias in accounting estimates. Audit procedures performed by the engagement team included:

- |  | discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud; |

- |  | reviewing minutes of meetings between those charged with governance; |

- |  | challenging assumptions and judgements made by management in determining their significant accounting estimates; |

- |  | reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; |

- |  | challenging why certain items are excluded or included from the underlying profit, and |

- |  | reviewing journal entries for appropriateness and to identify any unusual accounting entries. |

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through 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.

Neil Morris FCCA (Senior Statutory Auditor)

for and on behalf of Galloways Accounting

Statutory Auditor

15 West Street

Brighton

East Sussex

BN1 2RL

10 August 2026

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

STATEMENT OF COMPREHENSIVE

INCOME

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 20,244,784 |  | 18,746,433 |  |

Cost of sales | (18,320,169 | ) | (16,537,716 | ) |

GROSS PROFIT | 1,924,615 |  | 2,208,717 |  |

Administrative expenses | (994,711 | ) | (1,124,173 | ) |

929,904 |  | 1,084,544 |  |

Other operating income | 509 |  | 569 |  |

OPERATING PROFIT | 5 | 930,413 |  | 1,085,113 |  |

Interest receivable and similar income | 6 | 159,643 |  | 203,869 |  |

1,090,056 |  | 1,288,982 |  |

Interest payable and similar expenses | 7 | (14,086 | ) | (1,181 | ) |

PROFIT BEFORE TAXATION | 1,075,970 |  | 1,287,801 |  |

Tax on profit | 8 | (244,964 | ) | (330,449 | ) |

PROFIT FOR THE FINANCIAL YEAR | 831,006 |  | 957,352 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 831,006 |  | 957,352 |  |

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

STATEMENT OF FINANCIAL POSITION

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | 44,013 |  | 53,677 |  |

Tangible assets | 11 | 162,600 |  | 183,014 |  |

Investments | 12 | 890 |  | 890 |  |

207,503 |  | 237,581 |  |

CURRENT ASSETS

Stocks | 13 | 1,087,260 |  | 566,393 |  |

Debtors | 14 | 724,080 |  | 682,109 |  |

Cash at bank | 4,718,247 |  | 5,402,237 |  |

6,529,587 |  | 6,650,739 |  |

CREDITORS

Amounts falling due within one year | 15 | 1,472,796 |  | 1,456,104 |  |

NET CURRENT ASSETS | 5,056,791 |  | 5,194,635 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,264,294 |  | 5,432,216 |  |

PROVISIONS FOR LIABILITIES | 18 | 122,218 |  | 121,149 |  |

NET ASSETS | 5,142,076 |  | 5,311,067 |  |

CAPITAL AND RESERVES

Called up share capital | 19 | 5,000 |  | 5,000 |  |

Retained earnings | 20 | 5,137,076 |  | 5,306,067 |  |

SHAREHOLDERS' FUNDS | 5,142,076 |  | 5,311,067 |  |

The financial statements were approved by the director and authorised for issue on 5 August 2026 and were signed by:

L Cheng - Director

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 October 2023 | 5,000 |  | 4,348,715 |  | 4,353,715 |  |

Changes in equity

Profit for the year | - |  | 957,352 |  | 957,352 |  |

Total comprehensive income | - |  | 957,352 |  | 957,352 |  |

Total transactions with owners, recognised directly in equity | - |  | - |  | - |  |

Balance at 30 September 2024 | 5,000 |  | 5,306,067 |  | 5,311,067 |  |

Changes in equity

Profit for the year | - |  | 831,006 |  | 831,006 |  |

Total comprehensive income | - |  | 831,006 |  | 831,006 |  |

Dividends | - |  | (999,997 | ) | (999,997 | ) |

Total transactions with owners, recognised directly in equity | - |  | (999,997 | ) | (999,997 | ) |

Balance at 30 September 2025 | 5,000 |  | 5,137,076 |  | 5,142,076 |  |

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| JRD Innovations 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 (£).

| Each unit is rounded to the nearest whole (1) pound.

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.

| Going concern

| When preparing the accounts, the director has made an assessment of the ability of the entity to exist as a going concern for a period of at least 12 months from the date upon which these accounts are filed. A company is a going concern unless management either intends to liquidate the entity or cease trading, or has no realistic alternative but to do so. In assessing whether the going concern assumption is appropriate, management have taken into account all available information about the future, which includes future expected cash flows,financing requirements (and the expectation of obtaining these) and future trading performance.

| At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows.

| The financial statements of the company are consolidated in the financial statements of CH Investment Holding Limited. These consolidated financial statements are available from its registered office, Unit 5-7 Seven Stars Industrial Estate, Whelar Road, Coventry, England, CV3 4LB.

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that 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.

| Critical judgements

| The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

| (i) Revenue recognition

| Management has exercised judgement in determining the timing of revenue recognition in relation to services provided. The entity recognises revenue when the performance obligation is complete, which is the point at which the customer obtains control of the service and the entity has fulfilled all contractual obligations. This assessment requires consideration of the specific terms of customer contracts and the nature of the services delivered.

| Key sources of estimation uncertainty

| The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of asset and liabilities are as follows.

| (i) Dilapidation provision

| Provision is made for dilapidations. This requires management's best estimate of the expenditure that will be incurred based on contractual requirements. The provision has been calculated using market data for properties of a similar nature.

| (ii) Recoverability of trade and other debtors

| A provision for bad and doubtful debts is established where it is estimated that trade or other debtors are not fully recoverable. When assessing recoverability the Director considers factors such as the ageing of the receivables, past experience of recoverability, and the credit profile of individual or groups of debtors.

| (iii) Valuation of stock

| Stock is stated at the lower of cost and net realisable value. Estimation is involved in assessing the net realisable value, particularly for slow-moving or obsolete stock.

| Turnover

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

| Turnover is made up of amounts receivable for the sale of goods and provision of delivery, postage and repacking services.

| Sale of goods

| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the goods have left the warehouse and are passed to the courier.

| Rendering of services

| Turnover from provision of delivery, postage and repacking services and is recognised once the goods have been accepted by couriers and left the company's warehouse.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Website is being amortised evenly over its estimated useful life of ten years.

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

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

| Leasehold |  | - 4 years on a straight line basis & 5 years on a straight line basis |  |

| Plant & Machinery |  | - 4 years on a straight line basis & 5 years on a straight line basis |  |

| Motor Vehicles |  | - 4 years on a straight line basis & 5 years on a straight line basis |  |

| Fixtures & Fittings |  | - 4 years on a straight line basis & 5 years on a straight line basis |  |

| Computer Equipment |  | - 4 years on a straight line basis |  |

| 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.

| Fixed Asset Investments

| Unlisted investments are recognised as financial assets and are initially measured at cost, which is typically the fair value of the consideration paid.

| Subsequently, they are measured at fair value through profit or loss where a reliable measure of fair value is available. Changes in fair value are recognised in the profit and loss account. Where a reliable fair value cannot be obtained, the investment is measured at cost less impairment in accordance with FRS 102.

| Investments are reviewed at each reporting date for indicators of impairment. If an impairment loss is identified, it is recognised in the profit and loss account.

| Stocks

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

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| 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 arrangement constitutes 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.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Classification of financial liabilities

| Financial 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 company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments 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.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| 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 are no longer at the discretion of the company.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 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 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

| Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

| 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.

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

| The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 20,244,784 |  | 18,746,433 |  |

20,244,784 |  | 18,746,433 |  |

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 516,120 |  | 537,280 |  |

| Social security costs | 46,150 |  | 44,779 |  |

| Other pension costs | 9,521 |  | 10,189 |  |

571,791 |  | 592,248 |  |

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

| 2025 |  | 2024

| Employees | 18 |  | 19 |  |

| 2025 |  | 2024

£ | £ |

| Director's remuneration | 12,000 |  | 12,000 |  |

| Director's pension contributions to money purchase schemes | 230 |  | 173 |  |

5. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Other operating leases | 138,269 |  | 185,448 |  |

| Depreciation - owned assets | 64,726 |  | 56,198 |  |

| Loss on disposal of fixed assets | 1,877 |  | 8,365 |  |

| Website amortisation | 9,664 |  | 9,664 |  |

| Auditors' remuneration | 22,231 |  | 18,875 |  |

| Foreign exchange differences | (509 | ) | 584 |  |

| Impairment of Investment | - |  | 54,666 |  |

6. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 2025 |  | 2024

£ | £ |

| Deposit account interest | 145,784 |  | 195,416 |  |

| HMRC interest | 8,158 |  | 8,453 |  |

| Other interest received | 5,701 |  | - |  |

159,643 |  | 203,869 |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Interest payable | 12,857 |  | 6 |  |

| Fines and penalties | 1,229 |  | 1,175 |  |

14,086 |  | 1,181 |  |

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

8. | TAXATION

| Analysis of the tax charge

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

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 278,415 |  | 332,958 |  |

| Over provision in prior year | (34,520 | ) | (2,075 | ) |

| Total current tax | 243,895 |  | 330,883 |  |

| Deferred tax | 1,069 |  | (434 | ) |

| Tax on profit | 244,964 |  | 330,449 |  |

| 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:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 1,075,970 |  | 1,287,801 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 268,993 |  | 321,950 |  |

| Effects of:

| Expenses not deductible for tax purposes | 2,372 |  | 16,839 |  |

| Depreciation in excess of capital allowances | 7,050 |  | (5,831 | ) |

| Over provision in prior year | (34,520 | ) | (2,075 | ) |

| Deferred taxation movement in asset related to tax losses, and liability related to WDAs | 1,069 |  | (434 | ) |

| Total tax charge | 244,964 |  | 330,449 |  |

9. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each

| Interim | 999,997 |  | - |  |

10. | INTANGIBLE FIXED ASSETS

| Website

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 96,638 |  |

| AMORTISATION

| At 1 October 2024 | 42,961 |  |

| Amortisation for year | 9,664 |  |

| At 30 September 2025 | 52,625 |  |

| NET BOOK VALUE

| At 30 September 2025 | 44,013 |  |

| At 30 September 2024 | 53,677 |  |

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

11. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures

| to |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 October 2024 | 98,197 |  | 312,795 |  | 33,197 |  |

| Additions | - |  | 1,913 |  | 658 |  |

| Disposals | (6,566 | ) | - |  | - |  |

| At 30 September 2025 | 91,631 |  | 314,708 |  | 33,855 |  |

| DEPRECIATION

| At 1 October 2024 | 26,406 |  | 230,353 |  | 22,421 |  |

| Charge for year | 22,587 |  | 21,169 |  | 6,993 |  |

| Eliminated on disposal | (4,459 | ) | - |  | - |  |

| At 30 September 2025 | 44,534 |  | 251,522 |  | 29,414 |  |

| NET BOOK VALUE

| At 30 September 2025 | 47,097 |  | 63,186 |  | 4,441 |  |

| At 30 September 2024 | 71,791 |  | 82,442 |  | 10,776 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024 | 54,222 |  | 12,901 |  | 511,312 |  |

| Additions | 41,655 |  | 1,967 |  | 46,193 |  |

| Disposals | (26,476 | ) | - |  | (33,042 | ) |

| At 30 September 2025 | 69,401 |  | 14,868 |  | 524,463 |  |

| DEPRECIATION

| At 1 October 2024 | 38,203 |  | 10,915 |  | 328,298 |  |

| Charge for year | 12,543 |  | 1,434 |  | 64,726 |  |

| Eliminated on disposal | (26,702 | ) | - |  | (31,161 | ) |

| At 30 September 2025 | 24,044 |  | 12,349 |  | 361,863 |  |

| NET BOOK VALUE

| At 30 September 2025 | 45,357 |  | 2,519 |  | 162,600 |  |

| At 30 September 2024 | 16,019 |  | 1,986 |  | 183,014 |  |

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

12. | FIXED ASSET INVESTMENTS

| Unlisted

| investments

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 100,000 |  |

| PROVISIONS

| At 1 October 2024

| and 30 September 2025 | 99,110 |  |

| NET BOOK VALUE

| At 30 September 2025 | 890 |  |

| At 30 September 2024 | 890 |  |

13. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 1,087,260 |  | 566,393 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 28,834 |  | 12,495 |  |

| Amounts owed by group undertakings | 177,524 |  | 214,475 |  |

| Other debtors | 183,688 |  | 174,221 |  |

| Director's current account | 196,899 |  | 191,198 |  |

| VAT | 40,324 |  | 38,405 |  |

| Prepayments and accrued income | 96,811 |  | 51,315 |  |

724,080 |  | 682,109 |  |

| Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 16) | 226 |  | - |  |

| Trade creditors | 491,309 |  | 147,494 |  |

| Amounts owed to group undertakings | 6,624 |  | - |  |

| Corporation tax | 232,844 |  | 353,893 |  |

| Social security and other taxes | 11,922 |  | 9,393 |  |

| Other creditors | 152,047 |  | 52,369 |  |

| Accruals and deferred income | 577,824 |  | 892,955 |  |

1,472,796 |  | 1,456,104 |  |

| Amounts due to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

16. | LOANS

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

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 226 |  | - |  |

17. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 137,000 |  | 137,000 |  |

| Between one and five years | 548,000 |  | 137,000 |  |

| In more than five years | 468,083 |  | 194,083 |  |

1,153,083 |  | 468,083 |  |

18. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 28,875 |  | 27,806 |  |

| Other provisions | 93,343 |  | 93,343 |  |

122,218 |  | 121,149 |  |

| Deferred |  | Other |

| tax |  | provisions |

£ | £ |

| Balance at 1 October 2024 | 27,806 |  | 93,343 |  |

| Provided during year | 1,069 |  | - |  |

| Balance at 30 September 2025 | 28,875 |  | 93,343 |  |

| Other provisions comprise the following:

| Dilapidations: A provision has been recognised for the estimated costs associated with restoring leased premises to their original condition at the end of the lease term, in accordance with the terms of the lease agreements.

| Energy Dispute: A provision has been made in respect of a dispute relating to historical energy charges. The amount provided represents management’s best estimate of the potential settlement based on the information currently available.

19. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 5,000 | Ordinary | £1 | 5,000 |  | 5,000 |  |

| JRD INNOVATIONS LIMITED (REGISTERED NUMBER: 08562870) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

20. | RESERVES

| Retained

| earnings

£ |

| At 1 October 2024 | 5,306,067 |  |

| Profit for the year | 831,006 |  |

| Dividends | (999,997 | ) |

| At 30 September 2025 | 5,137,076 |  |

21. | PENSION COMMITMENTS

| The company operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £9,521 (period ended 30 September 2024: £10,189).

22. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following amounts were outstanding at the reporting end date:

|  | 30.9.25 |  |  | 30.9.24 |  |

| Director |  | £ |  |  | £ |  |

| Balance outstanding at start of period |  | 191,198 |  |  | 191,156 |  |

| Amounts advanced |  | 5,700 |  |  | 42 |  |

| Amounts repaid |  | - |  |  | - |  |

| Balance outstanding at end of period |  | 196,898 |  |  | 191,198 |  |

| The above loan is unsecured, interest is charged at market rate and the balance is repayable on demand.

23. | RELATED PARTY DISCLOSURES

| Other than the transactions with the director, as disclosed in note 22, during the year the company entered into the following transactions with related parties:

|  | Sales |  |  | Sales |  |  | Purchases |  |  | Purchases |

|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |

| £ |  |  | £ |  |  | £ |  |  | £ |  |

| Other related parties |  | 6,461,523 |  |  | 4,992,057 |  |  | 354,860 |  |  | 183,597 |

| The following amounts were outstanding at the reporting end date:

|  | 2025 |  |  | 2024 |

| Amounts due to/(from) related parties |  | £ |  |  | £ |

| Individuals with control, joint control or significant influence over the company |  | (191,335 | ) |  | (191,198 | )

| Other related parties |  | (170,900 | ) |  | (245,870 | )

| The company has entered into transactions with other wholly owned group subsidiaries. These entities are related parties by virtue of being under common control within the group.

24. | ULTIMATE CONTROLLING PARTY

| The parent and immediate controlling party of the entity is CH Investment Holding Limited, a company incorporated in England and Wales. As at the balance sheet date the ultimate controlling parties of CH Investment Holding Limited were Diwei He and Ling Cheng. CH Investment Holding Limited will prepare consolidated accounts.

| The smallest and largest company in which the results of the company are consolidated is CH Investment Holding Limited. Copies of the group accounts can be obtained from the registered address.