These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Driscoll's Genetics Limited (the 'company') is a private company limited by shares incorporated in England and Wales. The registered office and principal place of business is Unit 20 Wares Farm, Redwall Lane, Linton, Maidstone, Kent, UK, ME17 4BA.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements of the company are consolidated in the financial statements of Driscoll International Holding B.V. as at 31 December 2025. These consolidated financial statements are available from its registered office, Bijster 26, 4800 CE Breda, the Netherlands.

Consolidation

The company has taken advantage of the exemption under section 401 of the Companies Act 2006 not to prepare consolidated financial statements. The financial statements present information about the company as an individual entity and not about its group.

The smallest group in which these financial statements are consolidated is Driscoll International Holding B.V., whose financial statements are available from its registered office at Bijster 26, 4800 CE Breda, the Netherlands. The largest group in which these financial statements are consolidated is Driscoll’s, Inc., whose financial statements are available from its principal office at 345 Westridge Drive, Watsonville, CA 95076.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover represents amounts receivable for services net of VAT and trade discounts.

Revenue from the provision of research and development services is recognised by reference to the costs incurred and recharged to the group companies for which they are provided.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

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 asset, and is credited or charged to profit or loss.

Leased assets are presented above as right of use assets. The right-of-use asset is initially measured at cost, comprising the lease liability, any lease payments made at or before commencement, and any initial direct costs. Right-of-use assets are depreciated on a straight-line basis over the lease term. Low value leases are not treated as right of use assets and instead disclosed as leases within financial commitments.

The Capitlilisation policy is set to recognise all assets that meet, or exceed a valuation of £10,000 as capital items.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply.

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

The company applies the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments, which are classified as basic.

Financial instruments are recognised in the company's balance sheet 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.

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are assessed for indicators of impairment at each reporting end date.

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period they are payable.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

The company applies the lease accounting requirements of FRS 102 (2024). At the commencement date of a lease, the company recognises a right-of-use asset and a corresponding lease liability. The lease liability is measured at the present value of lease payments over the lease term, discounted using the company’s obtainable borrowing rate.

The right-of-use asset is initially measured at cost, comprising the lease liability, any lease payments made at or before commencement, and any initial direct costs. Right-of-use assets are depreciated on a straight-line basis over the lease term.

The company has elected to apply the recognition exemption for short-term leases (i.e., leases with a term of 12 months or less and no purchase option). These leases are not recognised as right-of-use assets or lease liabilities. Instead, lease payments are recognised as an expense on a straight-line basis over the lease term.

Lease liabilities are subsequently measured at amortised cost using the effective interest method. The company has elected to apply practical expedients for short-term leases and leases of low-value assets, which are expensed on a straight-line basis over the lease term.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

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. Actual results may differ from these estimates.

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.

The average monthly number of persons (including directors) employed by the company during the year was:

The company applies the lease accounting requirements of FRS 102 (2024). At the commencement date of a lease, the company recognises a right-of-use asset and a corresponding lease liability. The lease liability is measured at the present value of lease payments over the lease term, discounted using the company’s obtainable borrowing rate.

Lease liabilities are subsequently measured at amortised cost using the effective interest method.

Lease liabilities are classified based on the amounts that are expected to be released within the next 12 months and after more than 12 months from the reporting date, as follows:

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

The company operates a defined contribution pension scheme for its employees. The assets of the fund are held separately from those of the company in an independently administered fund. Contributions totalling £14,017 (2024: £40,752) were payable to the fund at the reporting date, and are included within creditors.

The company has taken advantage of the exemption available to subsidiary companies where the share based payment arrangement concerns equity instruments of another group entity.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 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.

The Company’s parent undertaking is Driscoll International Holding B.V. a company incorporated in the Netherlands.The smallest group in which these financial statements are consolidated is Driscoll International Holding B.V., whose financial statements are available from its registered office at Bijster 26, 4800 CE Breda, the Netherlands. The largest group in which these financial statements are consolidated is Driscoll’s, Inc., whose financial statements are available from its principal office at 345 Westridge Drive, Watsonville, CA 95076. The controlling party is Driscoll's Inc.