IRIS Accounts Production v26.1.10.61 04006429 Board of Directors 1.12.24 30.5.25 30.5.25 Medium entities The company's principal activities are the growing of carrots, parsnips and other vegetables in the UK. true false true true false false true true true false Auditors Opinion These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 Ordinary B Shares 1.00000 Deferred Shares 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04006429 2024-11-30 04006429 2025-05-30 04006429 2024-12-01 2025-05-30 04006429 2023-05-31 04006429 2023-06-01 2024-11-30 04006429 2024-11-30 04006429 ns15:EnglandWales 2024-12-01 2025-05-30 04006429 ns14:PoundSterling 2024-12-01 2025-05-30 04006429 ns10:Director1 2024-12-01 2025-05-30 04006429 ns10:PrivateLimitedCompanyLtd 2024-12-01 2025-05-30 04006429 ns10:MediumEntities 2024-12-01 2025-05-30 04006429 ns10:Audited 2024-12-01 2025-05-30 04006429 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-12-01 2025-05-30 04006429 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-12-01 2025-05-30 04006429 ns10:FullAccounts 2024-12-01 2025-05-30 04006429 ns10:OrdinaryShareClass1 2024-12-01 2025-05-30 04006429 ns10:OrdinaryShareClass2 2024-12-01 2025-05-30 04006429 ns10:OrdinaryShareClass3 2024-12-01 2025-05-30 04006429 ns10:Director2 2024-12-01 2025-05-30 04006429 ns10:Director3 2024-12-01 2025-05-30 04006429 ns10:Director4 2024-12-01 2025-05-30 04006429 ns10:RegisteredOffice 2024-12-01 2025-05-30 04006429 ns5:CurrentFinancialInstruments 2025-05-30 04006429 ns5:CurrentFinancialInstruments 2024-11-30 04006429 ns5:Non-currentFinancialInstruments 2025-05-30 04006429 ns5:Non-currentFinancialInstruments 2024-11-30 04006429 ns5:ShareCapital 2025-05-30 04006429 ns5:ShareCapital 2024-11-30 04006429 ns5:SharePremium 2025-05-30 04006429 ns5:SharePremium 2024-11-30 04006429 ns5:RetainedEarningsAccumulatedLosses 2025-05-30 04006429 ns5:RetainedEarningsAccumulatedLosses 2024-11-30 04006429 ns5:ShareCapital 2023-05-31 04006429 ns5:RetainedEarningsAccumulatedLosses 2023-05-31 04006429 ns5:SharePremium 2023-05-31 04006429 ns5:RetainedEarningsAccumulatedLosses 2023-06-01 2024-11-30 04006429 ns5:RetainedEarningsAccumulatedLosses 2024-12-01 2025-05-30 04006429 ns5:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-12-01 2025-05-30 04006429 ns5:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-06-01 2024-11-30 04006429 ns5:OwnedAssets 2024-12-01 2025-05-30 04006429 ns5:OwnedAssets 2023-06-01 2024-11-30 04006429 11 2024-12-01 2025-05-30 04006429 11 2023-06-01 2024-11-30 04006429 1 2024-12-01 2025-05-30 04006429 1 2023-06-01 2024-11-30 04006429 ns5:HirePurchaseContracts 2024-12-01 2025-05-30 04006429 ns5:HirePurchaseContracts 2023-06-01 2024-11-30 04006429 ns5:PlantMachinery 2024-11-30 04006429 ns5:FurnitureFittings 2024-11-30 04006429 ns5:MotorVehicles 2024-11-30 04006429 ns5:PlantMachinery 2024-12-01 2025-05-30 04006429 ns5:FurnitureFittings 2024-12-01 2025-05-30 04006429 ns5:MotorVehicles 2024-12-01 2025-05-30 04006429 ns5:PlantMachinery 2025-05-30 04006429 ns5:FurnitureFittings 2025-05-30 04006429 ns5:MotorVehicles 2025-05-30 04006429 ns5:PlantMachinery 2024-11-30 04006429 ns5:FurnitureFittings 2024-11-30 04006429 ns5:MotorVehicles 2024-11-30 04006429 ns5:CostValuation ns5:UnlistedNon-exchangeTraded 2024-11-30 04006429 ns5:UnlistedNon-exchangeTraded 2025-05-30 04006429 ns5:UnlistedNon-exchangeTraded 2024-11-30 04006429 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-05-30 04006429 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-11-30 04006429 ns5:Non-currentFinancialInstruments 2024-12-01 2025-05-30 04006429 ns5:DeferredTaxation 2024-11-30 04006429 ns5:DeferredTaxation 2024-12-01 2025-05-30 04006429 ns5:DeferredTaxation 2025-05-30 04006429 ns10:OrdinaryShareClass1 2025-05-30 04006429 ns10:OrdinaryShareClass2 2025-05-30 04006429 ns10:OrdinaryShareClass3 2025-05-30 04006429 ns5:RetainedEarningsAccumulatedLosses 2024-11-30 04006429 ns5:SharePremium 2024-11-30

REGISTERED NUMBER: 04006429 (England and Wales)

| Strategic Report, Report of the Directors and |

| Financial Statements |

| for the Period 1 December 2024 to 30 May 2025 |

| for |

| Tompsett Growers Limited |

Tompsett Growers Limited (Registered number: 04006429)

Contents of the Financial Statements

for the Period 1 December 2024 to 30 May 2025

| Page |

Company information | 1 |

Strategic report | 2 |  | to |  | 3

Report of the directors | 4 |  | to |  | 5

Report of the independent auditors | 6 |  | to |  | 9

Statement of comprehensive income | 10 |

Statement of financial position | 11 |

Statement of changes in equity | 12 |

Notes to the financial statements | 13 |  | to |  | 24

Tompsett Growers Limited

Company Information

for the Period 1 December 2024 to 30 May 2025

| Directors: | J R Seddon

| S J Green

| M E Tompsett

| I D Hall

| Registered office: | Whitehall Farm

| Common Gate Drove

| Isleham

| Ely

| Cambridgeshire

| CB7 5RF

| Registered number: | 04006429 (England and Wales)

| Auditors: | Sumer Auditco Limited

| Bank House

| Broad Street

| Spalding

| Lincolnshire

| PE11 1TB

| Bankers: | Barclays Bank plc

| 28 High Street

| Ely

| Cambs

| CB7 4LA

Tompsett Growers Limited (Registered number: 04006429)

Strategic Report

for the Period 1 December 2024 to 30 May 2025

The directors present their strategic report for the period 1 December 2024 to 30 May 2025.

The company's principal activities are the growing of carrots, parsnips and other vegetables in the UK.

There have not been any significant changes in the company's principal activities in the period. The directors are not aware, at the date of this report, of any likely changes in the company's activities in the forthcoming year.

Review of business

Revenue has increased on a like for like basis for the 6-month period to 30 May 2025; this has largely been driven by better product price negotiation and increased tonnage.

Much of the increase has been in our carrots production, where we have seen prices increase and improved tonnage.

This has resulted in the business becoming profitable with better cost recoveries.

Principal risks and uncertainties

The fresh produce market in the UK is dominated by a small number of large supermarkets who have a large influence over the quantity and pricing of sales. The company manages this risk by providing top quality produce, continuing innovation in product lines and maintaining good relationships with its customers.

The biggest risk for us, which we cannot control, is the weather and as of today the lack of rain and temperature. Many of our land suppliers have invested in winter storage reservoirs, but with the continued dry and hot spell are now short of water. We do spread our risk by growing late crops further north where we would hope the weather would be more favourable. The company supplies produce all year round and ensures it has sufficient irrigation capacity for a dry summer.

Investment in new harvesting machinery enables it to continue harvesting in wet weather and both continuous monitoring of crops in the ground, and high standards of crop management reduce the risk of crop disease. The company grows crops in East Anglia and Scotland.

Water availability remains a key factor within the business to ensure high quality yielding crops. The business is now facing further challenges with the loss of key chemicals to control weeds, pests & disease. The company does not have any bank financing. The company uses HP financing to finance the purchase of equipment.

Financial risk management objectives and policies

The company's activities expose it to a number of financial risks including credit risk and liquidity risk. The company does not currently use derivative financial instruments.

Credit risk

The company's principal financial assets are bank balances and cash, trade and other receivables.

The company's credit risk is primarily attributable to its trade receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the company uses a mixture of long-term and short-term debt finance which includes finance leases and hire purchase creditors.

Tompsett Growers Limited (Registered number: 04006429)

Strategic Report

for the Period 1 December 2024 to 30 May 2025

Financial key performance indicators

The directors monitor the performance of the company by reference to the following financial KPIs:

Increase in annualised net sales 37.9% (period to 30 November 2024 - increase of 7.7%)

Gross profit ratio 42.0% (period to 30 November 2024 - 9.4%)

On behalf of the board:

J R Seddon - Director

13 August 2026

Tompsett Growers Limited (Registered number: 04006429)

Report of the Directors

for the Period 1 December 2024 to 30 May 2025

The directors present their report with the financial statements of the company for the period 1 December 2024 to 30 May 2025.

Dividends

The profit for the 6-month period, after taxation, amounted to £1,055,249 (18-month period to 30 November 2024 - £617,357).

The directors do not recommend the payment of a dividend for the period.

Future developments

Competition between retailers remains a constant pressure on our business with regards to pricing of products.

Directors

The directors shown below have held office during the whole of the period from 1 December 2024 to the date of this report.

J R Seddon

S J Green

M E Tompsett

I D Hall

Going concern

The Directors have prepared the financial statements on a going concern basis, which assumes the company will continue in operational existence for the going concern period to 30 September 2027, which is at least 12 months from the date of approval of the financial statements.

The Directors are satisfied that the company has sufficient resources to continue operating for the foreseeable future and no material uncertainties exist that would cast significant doubt on its ability to continue as a going concern. The financial statements have therefore been prepared on a going concern basis.

Statement of directors' responsibilities

The directors are responsible for preparing the Strategic report, the Report of the directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are 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 directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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.

Tompsett Growers Limited (Registered number: 04006429)

Report of the Directors

for the Period 1 December 2024 to 30 May 2025

Statement as to disclosure of information to auditors

So far as the directors are 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 each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

- |  | so far as the director is aware, there is no relevant audit information of which the company's auditor is unaware, and |

- |  | the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditor is aware of that information. |

On behalf of the board:

J R Seddon - Director

13 August 2026

Report of the Independent Auditors to the Members of

Tompsett Growers Limited

Qualified opinion

We have audited the financial statements of Tompsett Growers Limited (the 'company') for the period ended 30 May 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, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements:

- |  | give a true and fair view of the state of the company's affairs as at 30 May 2025 and of the company's profit for the period 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 qualified opinion

We were not appointed as auditor of the company until after 30 May 2025 and thus did not observe the counting of physical inventories at the end of the period. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 30 May 2025, which are included in the balance sheet at £3,283,262, by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary.

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 Auditor's 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 qualified opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' 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 directors with respect to going concern are described in the relevant sections of this report.

Report of the Independent Auditors to the Members of

Tompsett Growers Limited

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report.

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.

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.

As described in the basis for qualified opinion section of our report, we were unable to satisfy ourselves concerning the inventory quantities of £3,283,262 held at 30 May 2025. We have concluded that where the other information refers to the inventory balance or related balances such as cost of sales, it may be materially misstated for the same reason.

Opinions on other matters prescribed by the Companies Act 2006

Except for the possible effects of the matter described in the basis for qualified opinion section of our report, in our opinion, based on the work undertaken in the course of the audit:

- |  | the information given in the strategic report and the directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and |

- |  | the strategic report and the directors' report have been prepared in accordance with applicable legal requirements. |

Matters on which we are required to report by exception

Except for the matter described in the basis for qualified opinion section of our report, 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 directors' report.

Arising solely from the limitation on the scope of our work relating to inventory, referred to above:

- |  | we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and |

- |  | we were unable to determine whether adequate accounting records have been kept. |

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- |  | 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 directors' remuneration specified by law are not made |

Responsibilities of directors

As explained more fully in the Statement of directors' responsibilities set out on page four, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Tompsett Growers Limited

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 lines with our responsibilities, outlines above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliances with laws and regulations, was as follows:

- |  | The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; |

- |  | We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the client company's sector. |

- |  | We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company. |

- |  | We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and |

- |  | Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. |

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- |  | Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; |

- |  | Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. |

To address the risk of fraud through management bias and override of controls, we:

- |  | Performed analytical procedures to identify any unusual or unexpected relationships; |

- |  | Tested journals entries to identify unusual transactions; |

- |  | Investigated the rationale behind significant or unusual transactions. |

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- |  | Agreeing financial statement disclosures to underlying supporting documentation; |

- |  | Enquiring of management as to actual and potential litigation and claims; |

- |  | Reviewing correspondence with HMRC and the company's legal advisors. |

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Report of the Independent Auditors to the Members of

Tompsett Growers Limited

Material misstatement that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or 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.

Emma Wilson (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

13 August 2026

Tompsett Growers Limited (Registered number: 04006429)

Statement of Comprehensive Income

for the Period 1 December 2024 to 30 May 2025

| Period |  | Period

| 1.12.24 |  | 1.6.23

| to |  | to

| 30.5.25 |  | 30.11.24

| Notes | £ | £ |

Turnover | 8,216,443 |  | 17,874,149 |  |

Cost of sales | 4,762,237 |  | 16,200,612 |  |

Gross profit | 3,454,206 |  | 1,673,537 |  |

Administrative expenses | 2,039,572 |  | 757,555 |  |

1,414,634 |  | 915,982 |  |

Other operating income | 7,640 |  | 71,997 |  |

Operating profit | 6 | 1,422,274 |  | 987,979 |  |

Interest receivable and similar income | 19 |  | - |  |

1,422,293 |  | 987,979 |  |

Interest payable and similar expenses | 8 | 15,150 |  | 53,291 |  |

Profit before taxation | 1,407,143 |  | 934,688 |  |

Tax on profit | 9 | 351,894 |  | 317,331 |  |

Profit for the financial period | 1,055,249 |  | 617,357 |  |

Other comprehensive income | - |  | - |  |

Total comprehensive income for the period | 1,055,249 |  | 617,357 |  |

Tompsett Growers Limited (Registered number: 04006429)

Statement of Financial Position

30 May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 10 | 2,384,550 |  | 2,037,417 |  |

Investments | 11 | 2 |  | 2 |  |

2,384,552 |  | 2,037,419 |  |

Current assets

Stocks | 12 | 3,283,262 |  | 3,704,183 |  |

Debtors | 13 | 3,197,678 |  | 1,257,907 |  |

Cash at bank and in hand | 14 | 739,547 |  | 715,783 |  |

7,220,487 |  | 5,677,873 |  |

Creditors

Amounts falling due within one year | 15 | 2,624,152 |  | 2,027,067 |  |

Net current assets | 4,596,335 |  | 3,650,806 |  |

Total assets less current liabilities | 6,980,887 |  | 5,688,225 |  |

Creditors

Amounts falling due after more than one year | 16 | (370,118 | ) | (320,269 | ) |

Provisions for liabilities | 19 | (564,626 | ) | (377,062 | ) |

Net assets | 6,046,143 |  | 4,990,894 |  |

Capital and reserves

Called up share capital | 20 | 170,000 |  | 170,000 |  |

Share premium | 21 | 40,000 |  | 40,000 |  |

Retained earnings | 21 | 5,836,143 |  | 4,780,894 |  |

Shareholders' funds | 6,046,143 |  | 4,990,894 |  |

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:

J R Seddon - Director

Tompsett Growers Limited (Registered number: 04006429)

Statement of Changes in Equity

for the Period 1 December 2024 to 30 May 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 June 2023 | 170,000 |  | 4,163,537 |  | 40,000 |  | 4,373,537 |  |

Changes in equity

Profit for the period | - |  | 617,357 |  | - |  | 617,357 |  |

Total comprehensive income | - |  | 617,357 |  | - |  | 617,357 |  |

Balance at 30 November 2024 | 170,000 |  | 4,780,894 |  | 40,000 |  | 4,990,894 |  |

Changes in equity

Profit for the period | - |  | 1,055,249 |  | - |  | 1,055,249 |  |

Total comprehensive income | - |  | 1,055,249 |  | - |  | 1,055,249 |  |

Balance at 30 May 2025 | 170,000 |  | 5,836,143 |  | 40,000 |  | 6,046,143 |  |

Tompsett Growers Limited (Registered number: 04006429)

Notes to the Financial Statements

for the Period 1 December 2024 to 30 May 2025

1. | Statutory information

| Tompsett Growers 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 (£).

| The company's principal activity is the growing of carrots, parsnips and other vegetables in the UK.

2. | Statement of compliance

| 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.

3. | Accounting policies

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

| Significant judgements and estimates

| In the process of applying the entity's accounting policies, management has not made any judgements that have a significant effect on the amounts recognised in the financial statements.

| Management has also assessed that there are no key sources of estimation uncertainty that could result in a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemptions 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 requirement of paragraph 3.17(d);

| • | the requirement of paragraph 33.7.

| This information is included in the consolidated financial statements of Tompsett Holdings Limited as at 31 May 2025 and these financial statements may be obtained from Whitehall Farm, Common Gate Drove, Isleham, Ely, Cambridgeshire, CB7 5RF.

| Revenue

| Revenue is the amount derived from the provision of goods and services falling within the company's ordinary activities after deduction of trade discounts and value added tax. All sales are made within the UK and from the company's principal activity of selling carrots, parsnips and other vegetables. Revenue from sale of produce is recognised upon despatch of goods, when the significant risks and rewards of ownership of the goods are transferred. Sales are reported net of processing and marketing costs incurred by the packers who purchase the crop.

Tompsett Growers Limited (Registered number: 04006429)

Notes to the Financial Statements - continued

for the Period 1 December 2024 to 30 May 2025

3. | Accounting policies - continued

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation on assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

| Depreciation is provided on the following basis:

| Plant and machinery |  | 15% |  |

| Motor vehicles |  | 25% |  |

| Fixtures and fittings |  | 15% |  |

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

| Stocks

| Stocks are stated at the lower of cost and net realisable value. Work in progress relates to growing crops and cost includes raw materials, direct labour and production overheads appropriate to the relevant stage of production. Stock is valued on an average cost basis and net realisable value is based on estimated selling price less all further costs to completion including further growing costs, marketing, selling and distribution costs.

| At each reporting 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 profit or loss.

| Financial instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

| Taxation

| Taxation for the period 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 tax 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.

Tompsett Growers Limited (Registered number: 04006429)

Notes to the Financial Statements - continued

for the Period 1 December 2024 to 30 May 2025

3. | Accounting policies - continued

| Deferred tax

| Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

| - |  | The recognition of deferred tax assets is limited to the extent that it is probable that theywill be recovered against the reversal of deferred tax liabilities or other future taxableprofits; and |  |

| - |  | Any deferred tax balances are reversed if and when all conditions for retaining associatedtax allowances have been met. |  |

| Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

| Foreign currencies

| Transactions and balances

| Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

| Hire purchase and leasing commitments

| Operating leases: the company as lessee

| Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

| Leased assets: the company as lessee

| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts 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.

Tompsett Growers Limited (Registered number: 04006429)

Notes to the Financial Statements - continued

for the Period 1 December 2024 to 30 May 2025

3. | Accounting policies - continued

| Interest income

| Interest income is recognised in profit or loss using the effective interest method.

| Finance costs

| Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

| Valuation of investments in Greenshoots Limited

| Investments are measured at cost less accumulated impairment. The company owns 2 of 14 Ordinary shares in the company, with all shares having equal voting rights.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Provisions for liabilities

| Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to the profit or loss in the period that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

| Increases in provisions are generally charged as an expense to profit or loss.

| Share capital

| Ordinary shares are classified as equity. Preference shares, which are mandatorily redeemable given 8 weeks written notice from the company or holder of these shares, are classified as liabilities.

4. | Employees and directors

| Period |  | Period

| 1.12.24 |  | 1.6.23

| to |  | to

| 30.5.25 |  | 30.11.24

£ | £ |

| Wages and salaries | 1,037,345 |  | 2,754,716 |  |

| Social security costs | 111,168 |  | 234,591 |  |

| Other pension costs | 26,198 |  | 193,605 |  |

1,174,711 |  | 3,182,912 |  |

Tompsett Growers Limited (Registered number: 04006429)

Notes to the Financial Statements - continued

for the Period 1 December 2024 to 30 May 2025

4. | Employees and directors - continued

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

| Period |  | Period

| 1.12.24 |  | 1.6.23

| to |  | to

| 30.5.25 |  | 30.11.24

| Production staff | 40 |  | 37 |  |

| Administration staff | 6 |  | 6 |  |

46 |  | 43 |  |

5. | Directors' emoluments

|  | Period 1.12.24 to 30.5.25 |  |  | Period 1.6.23 to 30.11.24 |

|  | £ |  |  | £ |

| Directors' emoluments |  | 91,459 |  |  | 240,822 |

| Company contributions to defined contribution pension scheme |  | 4,868 |  |  | 113,752 |

|  | 96,327 |  |  | 354,574 |

| During the period retirement benefits were accruing to 3 directors (2024 - 2) in respect of defined

| contribution pension schemes.

| The highest paid director received remuneration of £44,831 (2024 - £126,118).

| The value of the company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £3,587 (2024- £110,089)

6. | Operating profit

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

| Period |  | Period

| 1.12.24 |  | 1.6.23

| to |  | to

| 30.5.25 |  | 30.11.24

£ | £ |

| Hire of plant and machinery | - |  | 21,675 |  |

| Other operating leases | 78,002 |  | 265,006 |  |

| Depreciation - owned assets | 229,914 |  | 556,210 |  |

| Loss/(profit) on disposal of fixed assets | 21,061 |  | (108,961 | ) |

| Foreign exchange differences | - |  | 20 |  |

| Impairment of stock | - |  | 1,877,497 |  |

Tompsett Growers Limited (Registered number: 04006429)

Notes to the Financial Statements - continued

for the Period 1 December 2024 to 30 May 2025

7. | Auditors' remuneration

| Period |  | Period

| 1.12.24 |  | 1.6.23

| to |  | to

| 30.5.25 |  | 30.11.24

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 13,000 |  | 38,000 |  |

| The company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent company.

8. | Interest payable and similar expenses |

| Period |  | Period

| 1.12.24 |  | 1.6.23

| to |  | to

| 30.5.25 |  | 30.11.24

£ | £ |

| Interest on overdue tax | - |  | 21,565 |  |

| Interest paid | 3,211 |  | - |  |

| Hire purchase | 11,939 |  | 31,726 |  |

15,150 |  | 53,291 |  |

9. | Taxation

| Analysis of the tax charge

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

| Period |  | Period

| 1.12.24 |  | 1.6.23

| to |  | to

| 30.5.25 |  | 30.11.24

£ | £ |

| Current tax:

| UK corporation tax | 164,330 |  | - |  |

| Deferred tax | 187,564 |  | 317,331 |  |

| Tax on profit | 351,894 |  | 317,331 |  |

Tompsett Growers Limited (Registered number: 04006429)

Notes to the Financial Statements - continued

for the Period 1 December 2024 to 30 May 2025

9. | Taxation - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| Period |  | Period

| 1.12.24 |  | 1.6.23

| to |  | to

| 30.5.25 |  | 30.11.24

£ | £ |

| Profit before tax | 1,407,143 |  | 934,688 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 351,786 |  | 233,672 |  |

| Effects of:

| Expenses not deductible for tax purposes | 331 |  | 2,926 |  |

| Capital allowances in excess of depreciation | (87,543 | ) | (22,679 | ) |

| Utilisation of tax losses | (100,244 | ) | (213,919 | ) |

| Deferred tax movement | 187,564 |  | 317,331 |  |

| Total tax charge | 351,894 |  | 317,331 |  |

10. | Tangible fixed assets

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| Cost

| At 1 December 2024 | 4,046,225 |  | 433,210 |  | 1,366,672 |  | 5,846,107 |  |

| Additions | 604,339 |  | 915 |  | 95,302 |  | 700,556 |  |

| Disposals | (348,950 | ) | - |  | (24,576 | ) | (373,526 | ) |

| At 30 May 2025 | 4,301,614 |  | 434,125 |  | 1,437,398 |  | 6,173,137 |  |

| Depreciation

| At 1 December 2024 | 2,771,692 |  | 345,919 |  | 691,079 |  | 3,808,690 |  |

| Charge for period | 115,364 |  | 7,052 |  | 107,498 |  | 229,914 |  |

| Eliminated on disposal | (228,110 | ) | - |  | (21,907 | ) | (250,017 | ) |

| At 30 May 2025 | 2,658,946 |  | 352,971 |  | 776,670 |  | 3,788,587 |  |

| Net book value

| At 30 May 2025 | 1,642,668 |  | 81,154 |  | 660,728 |  | 2,384,550 |  |

| At 30 November 2024 | 1,274,533 |  | 87,291 |  | 675,593 |  | 2,037,417 |  |

| The net book value of tangible fixed assets held under hire purchase agreements at 30 May 2025 was £1,031,656 (2024: £695,137).

Tompsett Growers Limited (Registered number: 04006429)

Notes to the Financial Statements - continued

for the Period 1 December 2024 to 30 May 2025

11. | Fixed asset investments

| Unlisted

| investments

£ |

| Cost

| At 1 December 2024

| and 30 May 2025 | 2 |  |

| Net book value

| At 30 May 2025 | 2 |  |

| At 30 November 2024 | 2 |  |

12. | Stocks

2025 | 2024 |

£ | £ |

| Stocks | 3,283,262 |  | 3,704,183 |  |

13. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Trade debtors | 2,661,940 |  | 859,782 |  |

| VAT | 342,808 |  | 374,132 |  |

| Prepayments and accrued income | 192,930 |  | 23,993 |  |

3,197,678 |  | 1,257,907 |  |

14. | Cash at bank and in hand

2025 | 2024 |

£ | £ |

| Current account | 737,870 |  | 714,683 |  |

| Euro account | 853 |  | - |  |

| Cash in hand | 824 |  | 1,100 |  |

739,547 |  | 715,783 |  |

15. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Other loans (see note 17) | 723,446 |  | 723,446 |  |

| Hire purchase contracts (see note 18) | 251,557 |  | 183,329 |  |

| Trade creditors | 837,619 |  | 573,620 |  |

| Amounts owed to group undertakings | - |  | 75,000 |  |

| Corporation tax | 164,330 |  | - |  |

| Social security and other taxes | 110,238 |  | 93,468 |  |

| Accrued expenses | 536,962 |  | 378,204 |  |

2,624,152 |  | 2,027,067 |  |

Tompsett Growers Limited (Registered number: 04006429)

Notes to the Financial Statements - continued

for the Period 1 December 2024 to 30 May 2025

16. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 18) | 370,118 |  | 320,269 |  |

| The finance leases and hire purchase creditors are secured over the assets concerned.

17. | Loans

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

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Share capital treated as debt | 723,446 |  | 723,446 |  |

| Further details of the preference shares included as debt are provided in Note 20 to the financial statements.

18. | Leasing agreements

| Minimum lease payments fall due as follows:

| Hire purchase contracts |

|  | 2025 |  |  | 2024 |

| £ |  |  | £ |  |

| Net obligations repayable: |  |

| Within one year |  | 266,819 |  |  | 199,674 |

| Between one and five years |  | 387,397 |  |  | 346,775 |

|  | 654,216 |  |  | 546,449 |

| Commitments under operating leases

| At 30 May 2025 the company had future minimum lease payments due to non-cancellable operating leases for each of the following periods;

|  | 30 May 2025 |  |  | 30 November 2024 |

| £ |  |  | £ |  |

| Within one year |  | 29,987 |  |  | 29,544 |

| Between one and five years |  | 96,873 |  |  | 100,268 |

| In more than five years |  | 8,442 |  |  | 18,573 |

|  | 135,302 |  |  | 148,385 |

19. | Provisions for liabilities

2025 | 2024 |

£ | £ |

| Deferred tax | 564,626 |  | 377,062 |  |

Tompsett Growers Limited (Registered number: 04006429)

Notes to the Financial Statements - continued

for the Period 1 December 2024 to 30 May 2025

19. | Provisions for liabilities - continued

| Deferred |

| tax |

£ |

| Balance at 1 December 2024 | 377,062 |  |

| Provided during period | 187,564 |  |

| Balance at 30 May 2025 | 564,626 |  |

20. | Called up share capital

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 90,000 | Ordinary | 1.00 | 90,000 |  | 90,000 |  |

| 10,000 | Ordinary B Shares | 1.00 | 10,000 |  | 10,000 |  |

| 70,000 | Deferred Shares | 1.00 | 70,000 |  | 70,000 |  |

170,000 |  | 170,000 |  |

| Ordinary shares confer the right to vote at any general meeting on the basis of one vote per share. Unless approved by the holders of the Ordinary shares the company shall not pay any dividend in respect of any other class of shares. B shares confer the right to vote at any general meeting on the basis of one vote for every two B shares held.

| The deferred shares do not confer any right to participate in the profits of the company.

| Shares classified as debt

| 31/05/2025 31/11/2024

| Allotted, called up and fully paid £ £

| 723,446 (2024 - 723,446) A Shares of £1.00 each 723,446 723,446

| Holders of the non-cumulative redeemable 'A' preference shares have no voting rights. They are entitled to a fixed non-cumulative preferential dividend of 6% per annum and on a winding up are limited to the amounts paid up. These non-cumulative preference shares may be redeemed at par by the company or holder of those shares giving 8 weeks written notice. In this period the directors have again not elected to pay a dividend on them.

Tompsett Growers Limited (Registered number: 04006429)

Notes to the Financial Statements - continued

for the Period 1 December 2024 to 30 May 2025

21. | Reserves

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 December 2024 | 4,780,894 |  | 40,000 |  | 4,820,894 |  |

| Profit for the period | 1,055,249 |  | 1,055,249 |  |

| At 30 May 2025 | 5,836,143 |  | 40,000 |  | 5,876,143 |  |

| Share premium account

| The share premium reserve contains the premium arising on issue of equity shares net of issue expenses.

| Profit and Loss Account

| The profit and loss reserve represents cumulative profits and losses, net of dividends paid and other adjustments.

22. | Capital commitments

2025 | 2024 |

£ | £ |

| Contracted but not provided for in the

| financial statements | 167,280 |  | 95,303 |  |

| At the reporting date, the company had capital commitments relating to the purchase of two Volvo vehicles ordered in February 2025. The vehicles were delivered and received by the company in September 2025, after the period end.

23. | Ultimate parent company and controlling party

| The immediate parent company is Isleham Carrot Growers Limited. The ultimate parent company is Tompsett Holdings Limited. Copies of the consolidated financial statements of Tompsett Holdings Limited which include the results of this company, are available from the company's registered office.

| There is no one ultimate controlling party.

24. | Pension commitments

| The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £26,198 (2024 - £193,605). Contributions totalling £16,251 (2024 - £15,268) were payable to the fund at the balance sheet date.

Tompsett Growers Limited (Registered number: 04006429)

Notes to the Financial Statements - continued

for the Period 1 December 2024 to 30 May 2025

25. | Related party disclosures

| During the year, the company made gross sales to a company with a common director of £13,848,340 (2024: £36,985,991) and gross purchases of £6,524,128 (2024: £22,168,742). Gross sales and purchases to this company are included within turnover at a net amount of £7,324,212 (2024: £14,817,249). Amounts of £2,536,223 (2024: £752,071) were included in debtors and £172,613 (2024: £nil) in creditors.

| The company made sales to a partnership which the directors are members, of £43,557 (2024: £78,103) and purchases of £56,948 (2024: £289,140). Amounts of £13,605 (2024: £32,758) were included in debtors and £22,078 (2024: £45,536) in creditors.