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REGISTERED NUMBER: 02627060 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2021

for

DRAWBOND INVESTMENTS LIMITED

DRAWBOND INVESTMENTS LIMITED (REGISTERED NUMBER: 02627060)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


DRAWBOND INVESTMENTS LIMITED

Company Information
for the Year Ended 31 December 2021







DIRECTORS: J E Thompson
Epsilon Directors Limited





REGISTERED OFFICE: 19 Leyden Street
London
E1 7LE





REGISTERED NUMBER: 02627060 (England and Wales)





ACCOUNTANTS: Trustige Limited
4th Floor, Portman House,
2 Portman Street
London
W1H 6DU

DRAWBOND INVESTMENTS LIMITED (REGISTERED NUMBER: 02627060)

Report of the Directors
for the Year Ended 31 December 2021

The directors present their report with the financial statements of the company for the year ended 31 December 2021.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2021 to the date of this report.

J E Thompson
Epsilon Directors Limited

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Epsilon Directors Limited - Director


7 September 2022

DRAWBOND INVESTMENTS LIMITED (REGISTERED NUMBER: 02627060)

Income Statement
for the Year Ended 31 December 2021

2021 2020
Notes $    $   

TURNOVER - -

Administrative expenses 75,291 67,585
(75,291 ) (67,585 )

Other operating income - 75
OPERATING LOSS (75,291 ) (67,510 )

Profit/loss on sale of invest 4 187,084 282,418
111,793 214,908

Interest receivable and similar income 66,945 69,799
178,738 284,707
Gain/loss on revaluation of investments 200,865 592,748
379,603 877,455

Interest payable and similar expenses 12,119 24,051
PROFIT BEFORE TAXATION 367,484 853,404

Tax on profit 19,009 78,995
PROFIT FOR THE FINANCIAL YEAR 348,475 774,409

DRAWBOND INVESTMENTS LIMITED (REGISTERED NUMBER: 02627060)

Balance Sheet
31 December 2021

2021 2020
Notes $    $    $    $   
FIXED ASSETS
Investments 5 2,214,019 2,214,019

CURRENT ASSETS
Investments 6 5,868,175 5,574,729
Cash at bank 1,258 532
5,869,433 5,575,261
CREDITORS
Amounts falling due within one year 7 1,034,460 1,052,281
NET CURRENT ASSETS 4,834,973 4,522,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,048,992

6,736,999

CREDITORS
Amounts falling due after more than one
year

8

2,308,679

2,345,161
NET ASSETS 4,740,313 4,391,838

CAPITAL AND RESERVES
Called up share capital 2,727,655 2,727,655
Retained earnings 2,012,658 1,664,183
SHAREHOLDERS' FUNDS 4,740,313 4,391,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2022 and were signed on its behalf by:




Epsilon Directors Limited - Director


DRAWBOND INVESTMENTS LIMITED (REGISTERED NUMBER: 02627060)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Drawbond Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in associates
Investments in associate undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. EXCEPTIONAL ITEMS
2021 2020
$    $   
Profit/loss on sale of invest 187,084 282,418

5. FIXED ASSET INVESTMENTS
Interest
in
associate
$   
COST
At 1 January 2021
and 31 December 2021 2,214,019
NET BOOK VALUE
At 31 December 2021 2,214,019
At 31 December 2020 2,214,019

6. CURRENT ASSET INVESTMENTS
2021 2020
$    $   
Listed investments 5,868,175 5,574,729

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
$    $   
Taxation and social security 31,660 49,781
Other creditors 1,002,800 1,002,500
1,034,460 1,052,281

DRAWBOND INVESTMENTS LIMITED (REGISTERED NUMBER: 02627060)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
$    $   
Other creditors 2,308,679 2,345,161

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be Intrust Trustee(New Zealand) Limited as Trustees of the Morus Family Trust.