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REGISTERED NUMBER: 01003062 (England and Wales)

| Report of the Directors and |

| Unaudited Financial Statements |

| for the Year Ended 31 March 2026 |

| for |

| Zoeftig Limited |

Zoeftig Limited (Registered number: 01003062)

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

Company Information | 1 |

Report of the Directors | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 5 |

Zoeftig Limited

Company Information

for the Year Ended 31 March 2026

| DIRECTORS: | P D Williams

| Mrs M L Williams

| SECRETARY: | Mrs M L Williams

| REGISTERED OFFICE: | Kings Hill Industrial Estate

| BUDE

| Cornwall

| EX23 8QN

| REGISTERED NUMBER: | 01003062 (England and Wales)

| ACCOUNTANTS: | A C Mole LLP

| Stafford House

| Blackbrook Park Avenue

| Taunton

| Somerset

| TA1 2PX

Zoeftig Limited (Registered number: 01003062)

Report of the Directors

for the Year Ended 31 March 2026

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

DIRECTORS

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

P D Williams

Mrs M L Williams

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs M L Williams - Secretary

13 August 2026

Zoeftig Limited (Registered number: 01003062)

Balance Sheet

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 552,473 |  | 829,179 |  |

Tangible assets | 5 | 721,728 |  | 622,878 |  |

1,274,201 |  | 1,452,057 |  |

CURRENT ASSETS

Stocks | 6 | 568,498 |  | 285,013 |  |

Debtors | 7 | 2,839,132 |  | 2,831,192 |  |

Cash at bank and in hand | 1,853,651 |  | 2,526,957 |  |

5,261,281 |  | 5,643,162 |  |

CREDITORS

Amounts falling due within one year | 8 | 3,552,959 |  | 3,998,222 |  |

NET CURRENT ASSETS | 1,708,322 |  | 1,644,940 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,982,523 |  | 3,096,997 |  |

CREDITORS

Amounts falling due after more than one year | 9 | - |  | (133,333 | ) |

PROVISIONS FOR LIABILITIES | 11 | (174,029 | ) | (107,621 | ) |

NET ASSETS | 2,808,494 |  | 2,856,043 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 200 |  | 200 |  |

Retained earnings | 2,808,294 |  | 2,855,843 |  |

SHAREHOLDERS' FUNDS | 2,808,494 |  | 2,856,043 |  |

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.

Zoeftig Limited (Registered number: 01003062)

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 Board of Directors and authorised for issue on 13 August 2026 and were signed on its behalf by:

P D Williams - Director

Mrs M L Williams - Director

Zoeftig Limited (Registered number: 01003062)

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Zoeftig 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 (£).

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.

| The accounts have been prepared on a going concern basis.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Where contracts for services span a number of accounting periods turnover is recognised based on the distinct services provided by the balance sheet date. Services provided but not yet invoiced are included in contract work in progress.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has been amortised evenly over its estimated useful life of ten years.

| Development costs

| The company capitalises development costs where there is a clearly defined project, the project revenues are expected to exceed total development costs and the recognition criteria of FRS102 are met. Such costs are amortised over the life of the project, being 3 years. Amortisation starts once product sales commence. Development costs which do not meet these criteria are written off to the profit and loss as incurred.

| Development costs are initially measured at cost and subsequently measured at amortised cost.

| Tangible fixed assets

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

| Leasehold improvements - 10% on cost

| Plant and machinery - at various rates between 10% on reducing balance to 20% on cost

| Motor vehicles - 25% reducing balance

| Computer equipment - at varying rates between 20% on reducing balance to 33% on cost

| Fixed assets are initially recorded at cost and subsequently measured at cost less accumulated depreciation.taking into account asset residual value.

| Stocks

| Stocks and work in progress 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.

Zoeftig Limited (Registered number: 01003062)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| Current and 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

| 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.

| Exhibition costs

| Costs relating to exhibitions which have not yet taken place, or marketing material not yet used, are included within prepayments at the balance sheet date.

| Financial instruments

| Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price. Such assets are subsequently carried at amortised cost.

| At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. Any impairment losses are recognised in profit or loss.

| Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price. Trade and other creditors are measured at amortised cost using the effective interest method. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 29 (2025 - 33 ) .

4. | INTANGIBLE FIXED ASSETS

| Development |

| Goodwill |  | expenditure |  | Totals

£ | £ | £ |

| COST

| At 1 April 2025 | 13,998 |  | 1,540,450 |  | 1,554,448 |  |

| Additions | - |  | 4,325 |  | 4,325 |  |

| At 31 March 2026 | 13,998 |  | 1,544,775 |  | 1,558,773 |  |

| AMORTISATION

| At 1 April 2025 | 13,998 |  | 711,271 |  | 725,269 |  |

| Amortisation for year | - |  | 281,031 |  | 281,031 |  |

| At 31 March 2026 | 13,998 |  | 992,302 |  | 1,006,300 |  |

| NET BOOK VALUE

| At 31 March 2026 | - |  | 552,473 |  | 552,473 |  |

| At 31 March 2025 | - |  | 829,179 |  | 829,179 |  |

Zoeftig Limited (Registered number: 01003062)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

5. | TANGIBLE FIXED ASSETS

| Leasehold |  | Plant and |  | Motor |  | Computer |

| improvements |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2025 | 276,530 |  | 2,270,411 |  | 50,030 |  | 259,058 |  | 2,856,029 |  |

| Additions | - |  | 232,743 |  | 13,000 |  | 26,209 |  | 271,952 |  |

| At 31 March 2026 | 276,530 |  | 2,503,154 |  | 63,030 |  | 285,267 |  | 3,127,981 |  |

| DEPRECIATION

| At 1 April 2025 | 163,074 |  | 1,789,539 |  | 34,047 |  | 246,491 |  | 2,233,151 |  |

| Charge for year | 7,424 |  | 124,639 |  | 10,888 |  | 30,151 |  | 173,102 |  |

| At 31 March 2026 | 170,498 |  | 1,914,178 |  | 44,935 |  | 276,642 |  | 2,406,253 |  |

| NET BOOK VALUE

| At 31 March 2026 | 106,032 |  | 588,976 |  | 18,095 |  | 8,625 |  | 721,728 |  |

| At 31 March 2025 | 113,456 |  | 480,872 |  | 15,983 |  | 12,567 |  | 622,878 |  |

6. | STOCKS

2026 | 2025 |

£ | £ |

| Stocks | 568,498 |  | 285,013 |  |

7. | DEBTORS

2026 | 2025 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 663,004 |  | 370,471 |  |

| Amounts owed by group undertakings | 1,081,680 |  | 397,124 |  |

| Tax | - |  | 40,746 |  |

| VAT | 62,727 |  | 243,946 |  |

| Prepayments | 176,974 |  | 504,735 |  |

1,984,385 |  | 1,557,022 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | 854,747 |  | 1,274,170 |  |

| Aggregate amounts | 2,839,132 |  | 2,831,192 |  |

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

2026 | 2025 |

£ | £ |

| Bank loans and overdrafts | 133,333 |  | 200,000 |  |

| Trade creditors | 1,223,424 |  | 1,334,633 |  |

| Tax | 167,442 |  | - |  |

| Social security and other taxes | 29,976 |  | 36,391 |  |

| Other creditors | 10,931 |  | 11,641 |  |

| Deferred income | 1,870,839 |  | 2,130,931 |  |

| Accrued expenses | 117,014 |  | 284,626 |  |

3,552,959 |  | 3,998,222 |  |

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

2026 | 2025 |

£ | £ |

| Bank loans - 1-2 years | - |  | 133,333 |  |

Zoeftig Limited (Registered number: 01003062)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

10. | LEASING AGREEMENTS

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

2026 | 2025 |

£ | £ |

| Within one year | 160,342 |  | 92,928 |  |

| Between one and five years | 183,127 |  | 27,942 |  |

343,469 |  | 120,870 |  |

11. | PROVISIONS FOR LIABILITIES

2026 | 2025 |

£ | £ |

| Deferred tax | 174,029 |  | 107,621 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2025 | 107,621 |  |

| Provided during year | 66,408 |  |

| Balance at 31 March 2026 | 174,029 |  |

| Deferred tax is in respect of timing difference caused by accelerated capital allowances.

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 200 | Ordinary | £1 | 200 |  | 200 |  |

13. | PARENT COMPANY

| The ultimate parent company is PNM Management Limited. The parent company's registered office is

| Cobar Chase, The Street, Luckington, Wiltshire, England, SN14 6NP

| The ultimate controlling party is the directors.