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REGISTERED NUMBER: 05299222 (England and Wales)

SBFI Group Limited

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 November 2025

| SBFI Group Limited (Registered number: 05299222) |

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Income Statement | 10 |

| Other Comprehensive Income | 11 |

| Statement of Financial Position | 12 |

| Statement of Changes in Equity | 13 |

| Notes to the Financial Statements | 14 |

| SBFI Group Limited |

Company Information

for the Year Ended 30 November 2025

| DIRECTORS: | Mr T L Finger

| Mr P A R Hadley

| Mr P Jones

| REGISTERED OFFICE: | 2nd Floor

| Landmark House

| 69 Leadenhall Street

| London

| EC3A 2DB

| REGISTERED NUMBER: | 05299222 (England and Wales)

| AUDITORS: | Swindells LLP

| Chartered Accountants

| and Statutory Auditor

| Atlantic House

| 8 Bell Lane

| Bellbrook Industrial Estate

| Uckfield

| East Sussex

| TN22 1QL

| SBFI Group Limited (Registered number: 05299222) |

Strategic Report

for the Year Ended 30 November 2025

The directors present their strategic report for the year ended 30 November 2025.

REVIEW OF BUSINESS

The directors are pleased with the result for the year as although turnover has decreased in comparison to the previous years, the margins remain strong and consistent with last year.

The company continues to invest in the design and development of its products and leads the way in desking technologies. The directors regard the investment in research and development as integral to the continued success of the business and ensuring the customers are provided with a product range and customer service of the highest quality and specification.

Research and development activity continues to be very busy, with the company looking to introduce new products to satisfy new work trends, including the ongoing provision of mobile desking/floor boxes to facilitate rapid moves and changes.

2026 is looking strong in terms of orders secured in both the UK and APAC regions.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and execution of the company's strategy are subject to the following risks:

Foreign currency risk

A key business risk affecting the company is foreign exchange exposure. The company protects itself against this risk by taking out forward exchange contracts over a number of currencies.

Availability of suitable raw materials

The company continues to develop its Asian supply chain in order to be able to respond quickly to client demands and to improve the company's carbon footprint.

We continue to see shipping disruptions impacting our overseas projects. To mitigate this, we build and ship projects earlier to meet delivery deadlines.

Price risk

Consequences of the various geopolitical events around the world are leading to unprecedented price increases affecting all areas of the business including materials, energy, insurance and property rentals.

The business is constantly looking at design/manufacturing improvements to mitigate the impact of the steep cost increases.

| SBFI Group Limited (Registered number: 05299222) |

Strategic Report

for the Year Ended 30 November 2025

KEY PERFORMANCE INDICATORS

The board and the management team monitor the performance of the business by utilising a number of key performance indicators:

| 2025 |  | 2024 |  | 2023 |  |

Turnover |  | £16,376,364 |  | £21,013,331 |  | £15,629,070 |  |

Sales growth |  | (22% | ) | 34% |  | (20% | ) |

Gross profit |  | £8,469,170 |  | £11,049,513 |  | £7,453,970 |  |

Gross margin |  | 51.7% |  | 52.6% |  | 47.6% |  |

ON BEHALF OF THE BOARD:

Mr P A R Hadley - Director

31 July 2026

| SBFI Group Limited (Registered number: 05299222) |

Report of the Directors

for the Year Ended 30 November 2025

The directors present their report with the financial statements of the company for the year ended 30 November 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the manufacture of specialised bank and control room furniture.

DIVIDENDS

An interim dividend of $26.10 per share on the Ordinary £1 and Ordinary A £1 shares was declared on 24 April 2025.

Another interim dividend of $17.40 per share on the Ordinary £1 and Ordinary A £1 shares was declared on 17 June 2025.

A further interim dividend of $8.70 per share on the Ordinary £1 and Ordinary A £1 shares was declared on 18 November 2025.

The total distribution of dividends for the year ended 30 November 2025 will be £4,571,513 (2024 - £5,446,242).

FUTURE DEVELOPMENTS

The directors aim to continue to build upon the success of the SBFI product range and to increase the company's share in the global market in financial and control room furniture.

DIRECTORS

Mr T L Finger has held office during the whole of the period from 1 December 2024 to the date of this report.

Other changes in directors holding office are as follows:

Mr P A R Hadley and Mr P Jones were appointed as directors after 30 November 2025 but prior to the date of this report.

Mr A F Hynd and Mr S M Finch ceased to be directors after 30 November 2025 but prior to the date of this report.

| SBFI Group Limited (Registered number: 05299222) |

Report of the Directors

for the Year Ended 30 November 2025

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.

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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr P A R Hadley - Director

31 July 2026

Report of the Independent Auditors to the Members of

SBFI Group Limited

Opinion

We have audited the financial statements of SBFI Group Limited (the 'company') for the year ended 30 November 2025 which comprise the Income Statement, Other 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 the financial statements:

- | give a true and fair view of the state of the company's affairs as at 30 November 2025 and of its profit for the year 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 opinion

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 Auditors' 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 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.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of

SBFI Group Limited

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

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 Report of the Directors.

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

- | adequate accounting records have not been kept, or 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; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, 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

SBFI Group 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined 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:

- |  | the company's internal controls have been discussed with management and understood prior to our audit testing. Internal controls have been tested through walkthrough testing, to assess whether controls are adequate, whether they are being followed, and whether irregularities and fraud are prevented. |

- |  | deficiencies in internal controls have been highlighted and explained to management, along with recommendations as to how deficiencies can be improved and the risk of irregularity and fraud occurrence minimised. |

- |  | representations have been provided by management that there were no identified cases of fraud or instances of non-compliance during or since the accounting period. |

- |  | substantive testing has been carried out to test the validity of transactions, with entries in the accounting system vouched to corresponding third party documentation and evidence of appropriate authorisation. |

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Report of the Independent Auditors to the Members of

SBFI Group Limited

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.

Melanie Richardson BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Swindells LLP

Chartered Accountants

and Statutory Auditor

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

25 August 2026

| SBFI Group Limited (Registered number: 05299222) |

Income Statement

for the Year Ended 30 November 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 16,376,364 |  | 21,013,331 |  |

Cost of sales | 7,907,194 |  | 9,963,818 |  |

GROSS PROFIT | 8,469,170 |  | 11,049,513 |  |

Administrative expenses | 4,357,136 |  | 4,383,438 |  |

OPERATING PROFIT | 5 | 4,112,034 |  | 6,666,075 |  |

Interest receivable and similar income | 137,718 |  | 251,430 |  |

4,249,752 |  | 6,917,505 |  |

Fair value gains/(losses) on foreign exchange contracts | 2,011 |  | (22,607 | ) |

4,251,763 |  | 6,894,898 |  |

Interest payable and similar expenses | 7 | 47,609 |  | 11,161 |  |

PROFIT BEFORE TAXATION | 4,204,154 |  | 6,883,737 |  |

Tax on profit | 8 | 1,017,733 |  | 1,499,633 |  |

PROFIT FOR THE FINANCIAL YEAR | 3,186,421 |  | 5,384,104 |  |

| SBFI Group Limited (Registered number: 05299222) |

Other Comprehensive Income

for the Year Ended 30 November 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 3,186,421 |  | 5,384,104 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 3,186,421 |  | 5,384,104 |  |

| SBFI Group Limited (Registered number: 05299222) |

Statement of Financial Position

30 November 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 1,229,819 |  | 1,401,320 |  |

Investments | 11 | 6,880 |  | 6,880 |  |

1,236,699 |  | 1,408,200 |  |

CURRENT ASSETS

Stocks | 12 | 2,093,830 |  | 1,961,479 |  |

Debtors | 13 | 6,097,814 |  | 6,105,739 |  |

Cash at bank and in hand | 5,862,533 |  | 9,092,693 |  |

14,054,177 |  | 17,159,911 |  |

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 14 | 3,687,380 |  | 5,542,251 |  |

NET CURRENT ASSETS | 10,366,797 |  | 11,617,660 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,603,496 |  | 13,025,860 |  |

PROVISIONS FOR LIABILITIES | 17 | 142,744 |  | 180,016 |  |

NET ASSETS | 11,460,752 |  | 12,845,844 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 114,944 |  | 114,944 |  |

Share premium | 19 | 315,893 |  | 315,893 |  |

Retained earnings | 19 | 11,029,915 |  | 12,415,007 |  |

SHAREHOLDERS' FUNDS | 11,460,752 |  | 12,845,844 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr P A R Hadley - Director

Mr P Jones - Director

| SBFI Group Limited (Registered number: 05299222) |

Statement of Changes in Equity

for the Year Ended 30 November 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 December 2023 | 114,944 |  | 12,477,145 |  | 315,893 |  | 12,907,982 |  |

Changes in equity

Dividends | - |  | (5,446,242 | ) | - |  | (5,446,242 | ) |

Total comprehensive income | - |  | 5,384,104 |  | - |  | 5,384,104 |  |

Balance at 30 November 2024 | 114,944 |  | 12,415,007 |  | 315,893 |  | 12,845,844 |  |

Changes in equity

Dividends | - |  | (4,571,513 | ) | - |  | (4,571,513 | ) |

Total comprehensive income | - |  | 3,186,421 |  | - |  | 3,186,421 |  |

Balance at 30 November 2025 | 114,944 |  | 11,029,915 |  | 315,893 |  | 11,460,752 |  |

| SBFI Group Limited (Registered number: 05299222) |

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| SBFI Group 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| 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 requirements of Section 11 Basic Financial Instruments;

| • | the requirements of Section 12 Other Financial Instrument Issues;

| • | the requirements of Section 26 Share Based Payment;

| • | the requirement of paragraph 33.7.

| Preparation of consolidated financial statements

| The financial statements contain information about SBFI Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Five Fingers (Holdings) Limited, Unit 1d, Hawthorn Estate, Avis Way, Newhaven, England, BN9 0DJ.

| Related party exemption

| 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 owned subsidiaries within the group.

| SBFI Group Limited (Registered number: 05299222) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| Critical judgements

| The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

| Stock provision

| Stocks are valued at the lower of cost and net realisable value. Net realisable value includes where necessary, provisions for slow moving and obsolete stocks. Calculation of these provisions requires judgements to be made which include forecasts of consumer demand and the promotional, competitive and economic environment.

| Key sources of estimation uncertainty

| The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities is as follows:

| Warranties

| The warranty provision is made based on best estimates of future cash outflows in respect of those products still within the warranty period at the year end, based on previous claims by customers and current sales volumes.

| Provision is made for liabilities arising in respect of expected warranty claims on warranties provided in conjunction with the sale of goods.

| Turnover

| Turnover is recognised net of VAT at the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of business. Fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

| Sale of goods is recognised when the company's goods have been installed at the customer's premises and have been accepted by the client.

| In the case of long term contracts, credit is taken appropriate to the stage of completion when the outcome of the contract can be measured with reasonable certainty.

| SBFI Group Limited (Registered number: 05299222) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Plant and machinery | - | 25% on cost

| Fixtures and fittings | - | 33% on cost

| Motor vehicles | - | 25% on cost

| Freehold land is not depreciated.

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the assets and is credited or charged to profit or loss.

| Investments in subsidiaries

| Investments in subsidiary undertakings are initially recognised at cost and subsequently measured at cost less and accumulated impairment losses. Investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

| 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.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell, is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss in the year of the reversal.

| Financial instruments

| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| SBFI Group Limited (Registered number: 05299222) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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

| For defined contribution schemes, the amount charged to profit or loss is the contributions payable in the year. Differences between contributions payable in the year and the contributions actually paid are shown within other creditors.

| SBFI Group Limited (Registered number: 05299222) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Provisions

| Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the obligation.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in the profit or loss in the period in which it arises.

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Sale of goods | 14,789,902 |  | 18,397,678 |  |

| Delivery | 1,041,694 |  | 1,591,084 |  |

| Installation | 541,746 |  | 1,019,803 |  |

| Other Income | 3,022 |  | 4,766 |  |

16,376,364 |  | 21,013,331 |  |

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 7,692,591 |  | 10,008,617 |  |

| Europe | 3,222,045 |  | 3,683,624 |  |

| Rest of the world | 5,461,728 |  | 7,321,090 |  |

16,376,364 |  | 21,013,331 |  |

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 2,619,317 |  | 2,664,024 |  |

| Social security costs | 318,065 |  | 297,880 |  |

| Other pension costs | 140,524 |  | 222,215 |  |

3,077,906 |  | 3,184,119 |  |

| SBFI Group Limited (Registered number: 05299222) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

4. | EMPLOYEES AND DIRECTORS - continued

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

| 2025 |  | 2024

| Production staff | 52 |  | 50 |  |

| Administrative staff | 5 |  | 5 |  |

| Sales staff | 5 |  | 7 |  |

62 |  | 62 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 373,139 |  | 357,710 |  |

| Directors' pension contributions to money purchase schemes | 43,141 |  | 86,193 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 2 |  | 2 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 261,406 |  | 276,044 |  |

| Pension contributions to money purchase schemes | 20,901 |  | 35,283 |  |

5. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | 16,247 |  | 16,789 |  |

| Other operating leases | 805,862 |  | 781,947 |  |

| Depreciation - owned assets | 188,605 |  | 113,399 |  |

| Profit on disposal of fixed assets | (500 | ) | (4,168 | ) |

| Foreign exchange differences | 110,218 |  | 89,097 |  |

6. | AUDITORS' REMUNERATION

| 2025 |  | 2024

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 20,250 |  | 18,825 |  |

| Auditors' remuneration for non audit work | 2,470 |  | 850 |  |

| SBFI Group Limited (Registered number: 05299222) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Other interest | 47,609 |  | 11,161 |  |

8. | TAXATION

| Analysis of the tax charge

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

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 1,077,048 |  | 1,625,229 |  |

| (Over)/under provision in previous year | (22,043 | ) | 6,513 |  |

| Total current tax | 1,055,005 |  | 1,631,742 |  |

| Deferred tax:

| Movement in deferred tax | (37,272 | ) | (132,109 | ) |

| Tax on profit | 1,017,733 |  | 1,499,633 |  |

| Reconciliation of total tax charge included in profit and loss

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

| 2025 |  | 2024

£ | £ |

| Profit before tax | 4,204,154 |  | 6,883,737 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 1,051,039 |  | 1,720,934 |  |

| Effects of:

| Expenses not deductible for tax purposes | 6,162 |  | 3,916 |  |

| Capital allowances in excess of depreciation | - |  | (99,595 | ) |

| Adjustments to tax charge in respect of previous periods | (22,043 | ) | 6,513 |  |

| Movement in deferred tax | - |  | (132,109 | ) |

| Group relief | (116 | ) | (26 | ) |

| Non-qualifying depreciation | 5,061 |  | - |  |

| Unrecognised deferred tax movement | (22,370 | ) | - |  |

| Total tax charge | 1,017,733 |  | 1,499,633 |  |

| SBFI Group Limited (Registered number: 05299222) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

9. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each

| Interim | 4,571,513 |  | 5,446,242 |  |

10. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 December 2024 | 1,478,937 |  | 1,170,711 |  | 477,365 |  | 56,595 |  | 3,183,608 |  |

| Additions | - |  | 9,607 |  | 7,960 |  | - |  | 17,567 |  |

| Disposals | - |  | (6,211 | ) | (2,083 | ) | - |  | (8,294 | ) |

| At 30 November 2025 | 1,478,937 |  | 1,174,107 |  | 483,242 |  | 56,595 |  | 3,192,881 |  |

| DEPRECIATION

| At 1 December 2024 | 596,118 |  | 714,395 |  | 414,680 |  | 57,095 |  | 1,782,288 |  |

| Charge for year | 20,244 |  | 131,541 |  | 36,820 |  | - |  | 188,605 |  |

| Eliminated on disposal | - |  | (6,211 | ) | (1,620 | ) | - |  | (7,831 | ) |

| At 30 November 2025 | 616,362 |  | 839,725 |  | 449,880 |  | 57,095 |  | 1,963,062 |  |

| NET BOOK VALUE

| At 30 November 2025 | 862,575 |  | 334,382 |  | 33,362 |  | (500 | ) | 1,229,819 |  |

| At 30 November 2024 | 882,819 |  | 456,316 |  | 62,685 |  | (500 | ) | 1,401,320 |  |

11. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 December 2024

| and 30 November 2025 | 6,880 |  |

| NET BOOK VALUE

| At 30 November 2025 | 6,880 |  |

| At 30 November 2024 | 6,880 |  |

| SBFI Group Limited (Registered number: 05299222) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

11. | FIXED ASSET INVESTMENTS - continued

| The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

| SBFI Australia PTY Limited

| Registered office: Level 16, Tower 2, Darling Park, 201 Sussex St, Sydney NSW 2000

| Nature of business: Sales office

| %

| Class of shares: | holding |

| Ordinary AUD | 100.00 |

| SBFI Limited (Hong Kong)

| Registered office: 74 Wyndham Place, 40-44 Wyndham Street Central, Hong Kong

| Nature of business: Sales office

| %

| Class of shares: | holding |

| Ordinary HKD | 100.00 |

| SBFI Singapore PTE Limited

| Registered office: Beach Road 38, 29-11 City Beach Road, 189767, Singapore

| Nature of business: Sales office

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

12. | STOCKS

2025 | 2024 |

£ | £ |

| Work-in-progress | 1,730,451 |  | 1,562,959 |  |

| Finished goods | 363,379 |  | 398,520 |  |

2,093,830 |  | 1,961,479 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 2,167,305 |  | 2,455,682 |  |

| Provision for bad debts | (54,754 | ) | (34,823 | ) |

| Amounts owed by group undertakings | 3,710,002 |  | 3,133,739 |  |

| Other debtors | 13,145 |  | 24,459 |  |

| Prepayments and accrued income | 262,116 |  | 526,682 |  |

6,097,814 |  | 6,105,739 |  |

| SBFI Group Limited (Registered number: 05299222) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

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

2025 | 2024 |

£ | £ |

| Trade creditors | 491,205 |  | 822,831 |  |

| Amounts owed to group undertakings | 10,884 |  | 190,419 |  |

| Tax | 103,217 |  | 1,023,475 |  |

| Social security and other taxes | 82,787 |  | 85,053 |  |

| VAT | 149,253 |  | 53,358 |  |

| Other creditors | 25,534 |  | 24,047 |  |

| Wages and salaries control | 11,675 |  | 14,725 |  |

| Accruals and deferred income | 2,812,825 |  | 3,328,343 |  |

3,687,380 |  | 5,542,251 |  |

15. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 313,956 |  | 324,848 |  |

| Between one and five years | 600,911 |  | 914,867 |  |

914,867 |  | 1,239,715 |  |

| The aggregate amount of operating lease payments recognised as an expense during the year was £333,785 (2024: £301,988).

16. | FINANCIAL INSTRUMENTS

| The company uses foreign currency forward contracts to manage the foreign exchange risk of future transactions and cash flows.

| The contracts are valued based on available market data. The company does not adopt hedge accounting for forward exchange contracts and, consequently, fair value gains and losses are recognised in profit or loss.

| At the balance sheet date, instruments measured at fair value through profit or loss were valued at a gain of £2,011 (2024 - loss of £22,607).

17. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 90,438 |  | 127,710 |  |

| Dilapidations provision | 52,306 |  | 52,306 |  |

142,744 |  | 180,016 |  |

| SBFI Group Limited (Registered number: 05299222) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

17. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 December 2024 | 127,710 |  |

| Credit to Income Statement during year | (37,272 | ) |

| Balance at 30 November 2025 | 90,438 |  |

| The dilapidations provision represents management's best estimate of the future cash outflows in respect of the cost of rectifying alterations made to leasehold property.

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 89,944 | Ordinary | £1 | 89,944 |  | 89,944 |  |

| 25,000 | Ordinary A | £1 | 25,000 |  | 25,000 |  |

114,944 |  | 114,944 |  |

| Ordinary and Ordinary A shares carry no fixed right to income. Each share has one right to vote at company general meetings, while Ordinary A shares carry the right to appoint one director to the board of directors.

19. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 December 2024 | 12,415,007 |  | 315,893 |  | 12,730,900 |  |

| Profit for the year | 3,186,421 |  | 3,186,421 |  |

| Dividends | (4,571,513 | ) | (4,571,513 | ) |

| At 30 November 2025 | 11,029,915 |  | 315,893 |  | 11,345,808 |  |

| Retained earnings

| Cumulative profit and loss net of distributions to owners.

| Share premium

| Consideration received for shares issued above their nominal value net of transactions costs.

| SBFI Group Limited (Registered number: 05299222) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

20. | ULTIMATE PARENT ENTITY

| The company's immediate parent undertaking is Five Fingers (Holdings) Limited, a company registered in England and Wales with the registration number 07007438.

| The largest and smallest undertaking preparing consolidated accounts including SBFI Group Limited is Five Fingers (Holdings) Limited. The accounts can be obtained from the registered office, Unit 1d, Hawthorn Estate, Avis Way, Newhaven, East Sussex, BN9 0DJ.

| Five Fingers LLLP (incorporated in the USA) is regarded by the directors as being the company's ultimate parent entity.

21. | RELATED PARTY DISCLOSURES

| During the year, the company made sales to an entity under common control of £1,413,506 (2024 - £1,311,685), recharged overhead costs totalling £47,941 (2024 - £45,166), and made purchases from the same company of £25,854 (2024 - £10,305). At the balance sheet date this entity owed the company £425,136 (2024 - £340,356), which is included in trade debtors and and the company owed the entity £8,898 (2024: £nil), which is included in trade creditors.. These amounts are unsecured, interest free, and repayable on demand.

22. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr T L Finger.