According to the 2025 FDD, the Consolidated Balance Sheet for Carbones Pizzeria as of October 31, 2024, is included as part of the audited consolidated financial statements. The audit report indicates that these statements, which include the balance sheet, statements of operations, changes in stockholder's equity, and cash flows, are presented fairly in accordance with accounting principles generally accepted in the United States of America. The auditor's report referencing the Consolidated Balance Sheet is located on a document that has "_page_64_Picture_0.jpeg" as its filename. Therefore, it can be inferred that the Consolidated Balance Sheet can be found on page 64 of the FDD.

This means that prospective Carbones Pizzeria franchisees can review the company's financial position as of that date, understanding the assets, liabilities, and equity of the company. The audit provides an additional level of assurance regarding the reliability of these financial statements.

It is important for potential franchisees to carefully examine these statements and consult with a financial advisor to fully understand the financial health and stability of Carbones Pizzeria before making any investment decisions.