Ps2 connecting it to component /ypbpr ?

Hi guys,
Sorry if this seems like a dumbarse question but I've hounded the net and cannot find an answer i feel like I'm going out of my friggin mind Image may be NSFW.
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Ok, so I got my old ps2 out as I just bought a may flash universal arcade stick (it's not bad actually) and i realise I only had a ps2 to composite leads (red yellow white) and a scart adapter. So either way I can can connect the 3 composite leads directly to my HDTV or I can put them into a small scart adapter and into the scart port on my tv. This is working but my ps2 quality had that blurred look.

Here's the confusing and annoying part. I am aware that COMPONENT (red green blue) is better than composite and that component for a ps2 is pretty much the same as hdmi. Correct? However my tv does not have a component input (red green blue.... white red, these 2 being audio i beleive). However I am aware that the component is YPBPR and my tv does have a single port for this ypbpr but no other component inputs .

I've added pics. Very confused. I could just buy a ps2 to hdmi converter for about £12 but I've got component cables on the way.