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REGISTERED NUMBER: SC333763 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Treegreen Limited

Treegreen Limited (Registered number: SC333763)

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Treegreen Limited

Company Information

for the Year Ended 30 November 2025

| DIRECTORS: | B O'Reilly

| M Bonner

| REGISTERED OFFICE: | Challenge House

| 29 Canal Street

| Glasgow

| G4 0AD

| REGISTERED NUMBER: | SC333763 (Scotland)

| ACCOUNTANTS: | Clements

| Chartered Accountants

| 39 St Vincent Place

| Glasgow

| G1 2ER

Treegreen Limited (Registered number: SC333763)

Balance Sheet

30 November 2025

| 30.11.25 | 30.11.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 74,364 |  | 78,791 |  |

CURRENT ASSETS

Stocks | 169,488 |  | 188,021 |  |

Debtors | 5 | 582,671 |  | 416,003 |  |

Cash at bank | 7,131 |  | 42,458 |  |

759,290 |  | 646,482 |  |

CREDITORS

Amounts falling due within one year | 6 | 606,928 |  | 413,998 |  |

NET CURRENT ASSETS | 152,362 |  | 232,484 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 226,726 |  | 311,275 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (55,954 | ) | (78,691 | ) |

PROVISIONS FOR LIABILITIES | (14,034 | ) | (14,854 | ) |

NET ASSETS | 156,738 |  | 217,730 |  |

CAPITAL AND RESERVES

Called up share capital | 206 |  | 206 |  |

Share premium | 123,901 |  | 123,901 |  |

Retained earnings | 32,631 |  | 93,623 |  |

SHAREHOLDERS' FUNDS | 156,738 |  | 217,730 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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.

Treegreen Limited (Registered number: SC333763)

Balance Sheet - continued

30 November 2025

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 21 August 2026 and were signed on its behalf by:

B O'Reilly - Director

Treegreen Limited (Registered number: SC333763)

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| Treegreen Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

| Turnover

| The turnover shown in the profit and loss account represents revenue recognised by the company in respect of consumer electronics supplied during the period, exclusive of Value Added Tax. The company recognises revenue when it has the right to receive it.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery etc | - | 33% on cost and 20% on cost

| Stocks

| Stocks are valued at the lower of cost and selling price less costs to complete and sell.

| Financial instruments

| The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

| Taxation

| Taxation for the year comprises current and deferred tax.

| The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

| Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

| Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

| 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.

Treegreen Limited (Registered number: SC333763)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. £23,000 (2025 - £23,000).

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 25 (2024 - 24 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 December 2024 | 227,682 |  |

| Additions | 23,419 |  |

| At 30 November 2025 | 251,101 |  |

| DEPRECIATION

| At 1 December 2024 | 148,891 |  |

| Charge for year | 27,846 |  |

| At 30 November 2025 | 176,737 |  |

| NET BOOK VALUE

| At 30 November 2025 | 74,364 |  |

| At 30 November 2024 | 78,791 |  |

Treegreen Limited (Registered number: SC333763)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 December 2024 | 91,944 |  |

| Additions | 17,025 |  |

| At 30 November 2025 | 108,969 |  |

| DEPRECIATION

| At 1 December 2024 | 50,738 |  |

| Charge for year | 14,558 |  |

| At 30 November 2025 | 65,296 |  |

| NET BOOK VALUE

| At 30 November 2025 | 43,673 |  |

| At 30 November 2024 | 41,206 |  |

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Trade debtors | 545,348 |  | 376,771 |  |

| Other debtors | 37,323 |  | 39,232 |  |

582,671 |  | 416,003 |  |

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans and overdrafts | 16,982 |  | 30,856 |  |

| Hire purchase contracts | 21,967 |  | 20,737 |  |

| Trade creditors | 232,015 |  | 103,676 |  |

| Taxation and social security | 288,441 |  | 210,628 |  |

| Other creditors | 47,523 |  | 48,101 |  |

606,928 |  | 413,998 |  |

| Included within Other Creditors is a director's current account which is unsecured, interest free and repayable on demand.

Treegreen Limited (Registered number: SC333763)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans | 35,302 |  | 52,284 |  |

| Hire purchase contracts | 20,652 |  | 26,407 |  |

55,954 |  | 78,691 |  |

8. | GOVERNMENT GRANTS

| During the period the company benefited from Business Support Grants of £22,806 (2024 - £25,168). In accordance with our accounting policy these credits are included in other income within the Income Statement over the same period as the costs for which they compensate.