I’m going to assume the cam is still installed in the head. Some valves will be open when #1 is at TDC, but the picture still doesn’t look right to me. #1 is on the left side of the photo, right?
In the third combustion chamber, only one of the valves is open. Is this one of those Honda engines that has a 4 valve head, but only actuates 3 valves under certain conditions?
Also, the valve heads in the fourth combustion chamber show signs of a coolant leak into that cylinder, but the combustion chamber itself is mighty grungy. Do you also have an oil leak into that cylinder? The second combustion chamber also shows signs of a coolant leak, but nowhere near as pronounced as #4.