What financial statements are included in Exhibit I of the Aunt Millies Bakeries FDD?

According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, Exhibit I contains the audited consolidated balance sheets of Perfection Bakeries, Inc. as of September 30, 2024 and 2023, and September 30, 2023 and 2022. It also includes the related consolidated statements of income and/or operations, comprehensive income and/or loss and cash flows for the years then ended, and the related notes to the financial statements.

These financial statements provide a prospective Aunt Millies Bakeries franchisee with an overview of the financial health and performance of Perfection Bakeries, Inc., the parent company and franchisor. By examining the balance sheets, franchisees can assess the company's assets, liabilities, and equity at specific points in time. The statements of income, comprehensive income, and cash flows reveal the company's profitability, changes in equity, and sources and uses of cash over the stated periods.

The inclusion of audited financial statements indicates that these statements have been reviewed by an independent accounting firm, providing a level of assurance as to their accuracy and reliability. Franchisees should carefully review these statements and related notes to understand Aunt Millie's Bakeries' financial position and operating results. It is advisable to consult with a financial advisor to fully understand the implications of these statements before making a decision to invest in an Aunt Millie's Bakeries franchise.