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REGISTERED NUMBER: 07714229 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2025

FOR

WE3 CREATE LIMITED

WE3 CREATE LIMITED (REGISTERED NUMBER: 07714229)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

| Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |  | to |  | 5

WE3 CREATE LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 DECEMBER 2025

| DIRECTOR: | A W Dabell

| REGISTERED OFFICE: | Blackgang Chine Main Building

| Blackgang

| Ventnor

| Isle of Wight

| PO38 2HN

| REGISTERED NUMBER: | 07714229 (England and Wales)

| ACCOUNTANTS: | Bright Brown Limited

| Chartered Accountants

| Exchange House

| St. Cross Lane

| Newport

| Isle of Wight

| PO30 5BZ

WE3 CREATE LIMITED (REGISTERED NUMBER: 07714229)

BALANCE SHEET

30 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

CREDITORS

Amounts falling due within one year | 4 | 15,961 |  | 15,961 |  |

NET CURRENT LIABILITIES | (15,961 | ) | (15,961 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (15,961 | ) | (15,961 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (16,061 | ) | (16,061 | ) |

(15,961 | ) | (15,961 | ) |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 24 August 2026 and were signed by:

A W Dabell - Director

WE3 CREATE LIMITED (REGISTERED NUMBER: 07714229)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

1. | STATUTORY INFORMATION

| We3 Create 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.

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.

| Going concern

| The Company has net current liabilities of £15,961 (2024: £15,961). The directors have made an assessment in preparing these financial statements as to whether the Company remains a going concern.

| The Company is reliant upon support from its ultimate parent company, Vectis Holdings Limited, which obtains funding for the group as a whole to settle any liabilities.

| The director has made an assessment in preparing these financial statements as to whether the company remains a going concern.

| During 2025, following the Robin Hill site sale the remaining debts have been refinanced from Funding Circle to Lloyds during the year.

| A Dabell, director and owner of the Group has also introduced funds to provide working capital to allow the Group to continue and this loan remains in place at the year end and has confirmed no intention to seek repayment until such time as the business can sustain repayment.

| The sale and refinance has allowed the director to focus on the remaining park, Blackgang Chine which the director believes is a profitable and viable business.

| With the sale and debt restructuring above, the director has produced revised cash flow forecasts for the Group, which together with an agreed overdraft facility from Lloyds of £250,000 demonstrate that there are sufficient cash resources available to the Group and Parent Company to ensure they can meet their financial obligations as they fall due for the foreseeable future, this being the period covering at least twelve months from the date of approval of these financial statements. For these reasons, they continue to adopt the going concern basis of accounting in preparing the financial statements.

WE3 CREATE LIMITED (REGISTERED NUMBER: 07714229)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial assets and financial liabilities are recognised in the Statement of Financial Position when the Company becomes a party to the contractual provisions of the instrument.

| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.

| Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

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

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 15,961 |  | 15,961 |  |

| Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

5. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly group entities.

WE3 CREATE LIMITED (REGISTERED NUMBER: 07714229)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2025

6. | ULTIMATE CONTROLLING PARTY

| The immediate and ultimate parent undertaking is Vectis Holdings Limited, a company registered in England and Wales.

| The ultimate controlling party is A W Dabell, by virtue of their shareholding and directorship in the ultimate parent undertaking.