The Terradace Holdings Limited Group (the “Group”) Modern Slavery Statement for the financial year 1st October 2024 to 30th September 2025 is published in accordance with Section 54 of the UK Modern Slavery Act 2015 (“the Act”) and outlines the steps taken across the Group to prevent modern slavery, forced labour and human trafficking within our subsidiaries and supply chains.

THL Group Modern Slavery Statement – 2023/2024
THL Group Modern Slavery Statement – 2025/2026

The Group meets the statutory reporting thresholds under Section 54 of the Act based on turnover and operational activities in the United Kingdom.

Whilst all qualifying subsidiaries have produced their own Modern Slavery Statements, Terradace Holdings, as the parent, issues this statement to outline its oversight and accountability for the actions and measures implemented to prevent and mitigate modern slavery risks within our businesses and throughout our global supply chains.

As geopolitical and climate instability continue to heighten vulnerabilities and increase the risk of human rights violations, our group-wide Modern Slavery Statements demonstrate our unwavering commitment to collaboration and partnership in tackling debt bondage, forced labour, slavery and human trafficking risks across our global supply chain. In the last year, we are proud to have joined the Modern Slavery Intelligence Network (MSIN) while continuing to participate in and fund important industry initiatives, including the Food Network for Ethical Trade (FNET) and the UK Seasonal Workers Scheme (SWS) Taskforce.

Looking ahead, we have ambitious plans to strengthen and upskill our responsible sourcing team and enhance due diligence systems to improve transparency and risk identification. I am confident that my sponsorship of our new Group ESG committee will support stronger governance and oversight, alongside wider team, supplier, and worker engagement, so that we continually identify and address modern slavery risks.

This statement has been approved by the Terradace Holdings Limited Board of Directors.

Daryush Farshchi
Group Co-CEO
28th January 2026