Ample

<h1><span style="font-size:16pt"><span style='font-family:"Times New Roman",serif'><span style="color:#2e74b5"><strong>Ample — Crowdfunding Investor Memo</strong></span></span></span></h1>
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Ample turns fruit and vegetables that farms cannot sell — usually because of size or shape — into low-cost soups, sauces and stews for schools, hospitals and their caterers.</span></span></p>
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Sector: <strong>Food &amp; Beverage / B2B food production</strong> · Stage: <strong>Seed (SEIS/EIS)</strong> · HQ: <strong>Redditch, United Kingdom</strong> · Raise: <strong>£244,722 (£218,230 committed from 43 investors at review)</strong></span></span></p>
<h1><span style="font-size:16pt"><span style='font-family:"Times New Roman",serif'><span style="color:#2e74b5"><strong>Snapshot</strong></span></span></span></h1>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">1 · Is the price fair? 💶</span></strong></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">Insufficient comparables to assess</span></strong><span style="color:black"> — the company set the price at a £3.6M company value before this round. We found no valued funding rounds or recorded sales of comparable UK surplus-food producers to measure that against, so this is honestly unscored — see the valuation detail and the questions section.</span></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">2 · Can they reach an exit stage? ⭐</span></strong></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">AI SCORE 59 / 100 — Average</span></strong><span style="color:black"> — the strongest evidenced building block is the team’s publicly confirmed surplus-food track record and the confirmed Oakland International partnership; the biggest gap is that the revenue evidence is a chart without figures, dates or a named company, and two of the deck’s key people left the board before the campaign went live.</span></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">3 · If they do, what could it pay? 🎯</span></strong></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><span style="color:black">Target <strong>8x–12x over 5 years</strong> — the company’s own plan (a £40M company value in year 5, set at 5 × its forecast profit). If reached, illustratively <strong>8x–12x</strong> before fees and future dilution. Method: at the disclosed terms (6.39% of the company for £244,722, implying a ≈£3.83M value after the round), an 8x–12x outcome requires the company to be worth roughly £31M–£46M at sale; we found no recorded sales of comparable companies to benchmark that against — the requirement sits inside the company’s own £40M forecast. These figures do not include dilution from future fundraising rounds, which would reduce actual returns — see the dilution section.</span></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong>How to read the score</strong></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">85–100 · Excellent</span></strong></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>All key preconditions for reaching an exit stage are evidenced and strong — rare at this stage</span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">70–84 · Good</span></strong></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Preconditions largely in place, with specific gaps — named in the questions section</span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">50–69 · Average</span></strong></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Meaningful preconditions missing or weakly evidenced</span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">30–49 · Weak</span></strong></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Several core preconditions absent, or the evidence points against them</span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">1–29 · Critical</span></strong></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Fundamental preconditions are not visible in the evidence</span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">What we could check. </span></strong><span style="color:black">We verified the company’s registration and filing history at Companies House, founder Leon Aarts’ large-scale surplus-food kitchen record, the Oakland International partnership, partner Juniper Ventures’ school-meals profile, and the July 2025 government food strategy against public sources — 13 of 26 checkable claims fully confirmed, 9 partially. The revenue chart, the status of each named customer, the ownership table and the Oakland financing terms rest on the company’s own materials — see the questions section. </span></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong>Three answers, one honest note. </strong>The fairness line says whether the entry price is supported by sector benchmarks we could find — here, none usable were found, so it is unscored rather than guessed. The AI Score is our read on whether the building blocks for reaching a company sale or similar event are visible in the disclosed evidence — it audits readiness, not the probability of success, and even companies with every building block in place fail more often than they succeed, which is why crowdfunding only works as a small part of a diversified portfolio. The returns range is an illustration built from the company’s own disclosed plan, not a forecast. Where something was not in the pack we reviewed, it did not lower any score — it appears in the questions list instead, so you can ask the company directly before investing. The listing was reviewed and approved by Republic Europe, a licensed crowdfunding platform, before going live. Nothing in this memo is a recommendation.</span></span></p>
<h1><span style="font-size:16pt"><span style='font-family:"Times New Roman",serif'><span style="color:#2e74b5"><strong>At a glance</strong></span></span></span></h1>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">✅ Three reasons to look closer</span></strong></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">⚠️ Three reasons for caution</span></strong></span></span></p>
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<li><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>A confirmed partnership with Oakland International (press release, April 2025) — an established 1998-founded chilled-food logistics group; Ample’s registered office is at Oakland’s Redditch site (Companies House).</span></span></li>
<li><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Founder Leon Aarts’ record is publicly confirmed: he built and ran Felix’s Kitchen for The Felix Project and fed around 5,000 Londoners a day from Wembley Stadium during Covid.</span></span></li>
<li><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>A confirmed policy tailwind: the government’s “Good Food Cycle” food strategy (July 2025) and its stated ambition that at least half of public-sector food be sourced locally or to higher environmental standards, in a market officially estimated at £2.4bn–£4.9bn a year.</span></span></li>
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<li><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Companies House shows two of the deck’s key people left before the campaign was approved: Abeed Janmohamed resigned as director in November 2025, and Steve Thomas resigned in March 2026 and ceased to be a major shareholder in May 2026. The campaign lists a two-person team.</span></span></li>
<li><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>The company filed dormant (non-trading) accounts for 2024, yet its revenue evidence is a chart with no year, no figures and no named company on it — and the deck’s Year-1 plan of £2.975M revenue cannot be reconciled with that chart from the pack.</span></span></li>
<li><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>The company’s own documents disagree with each other: the deck seeks £950k while this round is £244,722; the deck sizes the market at £5.2bn while the campaign page says £2.4bn; Oakland’s backing is “secured” in the deck but “up to £500k” on the campaign page.</span></span></li>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">Deal terms. </span></strong><span style="color:black">No terms were identified in the reviewed documents that would prevent a crowdfund investor from sharing in the upside. The detailed share terms (the Articles of Association filed in November 2025) were not in the pack we reviewed, so the class rights should be confirmed — see the questions section. Full mechanics are at the end of this memo.</span></span></span></p>
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<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">ℹ️ Information, not investment advice. </span></strong><span style="color:black">Capital at risk — you could lose the full amount invested. Full notes are at the end of this memo.</span></span></span></p>
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<h1><span style="font-size:16pt"><span style='font-family:"Times New Roman",serif'><span style="color:#2e74b5"><strong>🏢 What the company does</strong></span></span></span></h1>
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Ample (legal name Ample Innovation Ltd, Redditch) buys fruit and vegetables that UK farms cannot sell — produce rejected only for size, shape or colour — and turns it into soups, sauces and stews for the public secto…</span></span></p>