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REGISTERED NUMBER: SO300819 (Scotland)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Turnbull Investments LLP

| Turnbull Investments LLP (Registered number: SO300819) |

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

| General Information | 1 |

| Report of the Members | 2 |

| Income Statement | 3 |

| Balance Sheet | 4 |

| Reconciliation of Members' Interests | 6 |

| Notes to the Financial Statements | 8 |

| Turnbull Investments LLP |

General Information

for the Year Ended 31 March 2026

| DESIGNATED MEMBERS: | Mrs Karen M Turnbull

| Mr James D Turnbull

| Dr Katie Turnbull

| REGISTERED OFFICE: | Stevenson & Kyles

| 25 Sandyford Place

| Glasgow

| G3 7NG

| REGISTERED NUMBER: | SO300819 (Scotland)

| ACCOUNTANTS: | Stevenson & Kyles

| Chartered Accountants

| 25 Sandyford Place

| Glasgow

| G3 7NG

| Turnbull Investments LLP (Registered number: SO300819) |

Report of the Members

for the Year Ended 31 March 2026

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

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of holding commercial property for investment purposes.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mrs Karen M Turnbull

Mr James D Turnbull

Dr Katie Turnbull

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £12,788 (2025 - £20,759 profit).

MEMBERS' INTERESTS

These are detailed in Note 10.

ON BEHALF OF THE MEMBERS:

Mr James D Turnbull - Designated member

13 August 2026

| Turnbull Investments LLP (Registered number: SO300819) |

Income Statement

for the Year Ended 31 March 2026

| 2026 |  | 2025

| Notes | £ | £ |

TURNOVER | 91,649 |  | 84,510 |  |

Administrative expenses | 138,499 |  | 133,151 |  |

(46,850 | ) | (48,641 | ) |

Other operating income | 59,638 |  | 69,400 |  |

OPERATING PROFIT | 4 | 12,788 |  | 20,759 |  |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | 12,788 |  | 20,759 |  |

| Turnbull Investments LLP (Registered number: SO300819) |

Balance Sheet

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 6 | 30,042 |  | 40,056 |  |

Investment property | 7 | 1,001,658 |  | 1,001,658 |  |

1,031,700 |  | 1,041,714 |  |

CURRENT ASSETS

Debtors | 8 | 2,315 |  | 3,042 |  |

Cash at bank | 12,627 |  | 10,070 |  |

14,942 |  | 13,112 |  |

CREDITORS

Amounts falling due within one year | 9 | 22,895 |  | 20,833 |  |

NET CURRENT LIABILITIES | (7,953 | ) | (7,721 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 1,023,747 |  | 1,033,993 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 10 | 1,023,747 |  | 1,033,993 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 10 | 1,023,747 |  | 1,033,993 |  |

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

| Turnbull Investments LLP (Registered number: SO300819) |

Balance Sheet - continued

31 March 2026

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 13 August 2026 and were signed by:

Mr James D Turnbull - Designated member

| Turnbull Investments LLP (Registered number: SO300819) |

Reconciliation of Members' Interests

for the Year Ended 31 March 2026

| EQUITY |  | DEBT |  | TOTAL

| Members' | Loans and other debts due to | MEMBERS'

| other | members less any amounts due | INTERESTS

| interests | from members in debtors |

| Other |  | Other |

| reserves |  | amounts |  | Total

£ | £ | £ |

Amount due to members | 1,033,993 |  |

Amount due from members | - |  |

Balance at 1 April 2025 | - |  | 1,033,993 |  | 1,033,993 |  |

Profit for the financial year available for discretionary division among members | 12,788 |  | - |  | 12,788 |  |

Members' interests after profit for the year | 12,788 |  | 1,033,993 |  | 1,046,781 |  |

Other divisions of profit | (12,788 | ) | 12,788 |  | - |  |

Introduced by members | - |  | 12,788 |  | 12,788 |  |

Repayments of debt (including members' capital classified as a liability) | - |  | (23,034 | ) | (23,034 | ) |

Drawings on account and distributions of profit | - |  | (12,788 | ) | (12,788 | ) |

Amount due to members | 1,023,747 |  |

Amount due from members | - |  |

Balance at 31 March 2026 | - |  | 1,023,747 |  | 1,023,747 |  |

| Turnbull Investments LLP (Registered number: SO300819) |

Reconciliation of Members' Interests

for the Year Ended 31 March 2026

| EQUITY |  | DEBT |  | TOTAL

| Members' | Loans and other debts due to | MEMBERS'

| other | members less any amounts due | INTERESTS

| interests | from members in debtors |

| Other |  | Other |

| reserves |  | amounts |  | Total

£ | £ | £ |

Amount due to members | 1,039,334 |  |

Amount due from members | - |  |

Balance at 1 April 2024 | - |  | 1,039,334 |  | 1,039,334 |  |

Profit for the financial year available for discretionary division among members | 20,759 |  | - |  | 20,759 |  |

Members' interests after profit for the year | 20,759 |  | 1,039,334 |  | 1,060,093 |  |

Other divisions of profit | (20,759 | ) | 20,759 |  | - |  |

Introduced by members | - |  | (49,688 | ) | (49,688 | ) |

Repayments of debt (including members' capital classified as a liability) | - |  | 44,347 |  | 44,347 |  |

Drawings on account and distributions of profit | - |  | (20,759 | ) | (20,759 | ) |

Amount due to members | 1,033,993 |  |

Amount due from members | - |  |

Balance at 31 March 2025 | - |  | 1,033,993 |  | 1,033,993 |  |

| Turnbull Investments LLP (Registered number: SO300819) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Turnbull Investments LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

| Turnover

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

| Tangible fixed assets

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

| Motor vehicles | - | 25% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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.

3. | EMPLOYEE INFORMATION

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

4. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2026 |  | 2025

£ | £ |

| Depreciation - owned assets | 10,014 |  | 13,352 |  |

| Turnbull Investments LLP (Registered number: SO300819) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

5. | INFORMATION IN RELATION TO MEMBERS

| 2026 |  | 2025

| The average number of members during the year was | 3 |  | 3 |  |

6. | TANGIBLE FIXED ASSETS

| Motor

| vehicles

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 55,728 |  |

| DEPRECIATION

| At 1 April 2025 | 15,672 |  |

| Charge for year | 10,014 |  |

| At 31 March 2026 | 25,686 |  |

| NET BOOK VALUE

| At 31 March 2026 | 30,042 |  |

| At 31 March 2025 | 40,056 |  |

7. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2025

| and 31 March 2026 | 1,079,928 |  |

| DEPRECIATION

| At 1 April 2025

| and 31 March 2026 | 78,270 |  |

| NET BOOK VALUE

| At 31 March 2026 | 1,001,658 |  |

| At 31 March 2025 | 1,001,658 |  |

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

2026 | 2025 |

£ | £ |

| Trade debtors | 1,167 |  | 2,000 |  |

| Other debtors | 1,148 |  | 1,042 |  |

2,315 |  | 3,042 |  |

| Turnbull Investments LLP (Registered number: SO300819) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

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

2026 | 2025 |

£ | £ |

| Other creditors | 22,895 |  | 20,833 |  |

10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Loans and other debts due to members would rank after all other creditors.

| The balance of loans due to members is allocated as follows -

| £ |  |

| Mrs Karen M Turnbull |  | 484,881 |

| Mr James D Turnbull |  | 150,000 |

| Joint capital account |  | 634,881 |

| Dr Katie Turnbull |  | 388,866 |

| Total |  | 1,023,747 |