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REGISTERED NUMBER: 09929349 (England and Wales)















PMBL Investments Limited

Unaudited Financial Statements for the Year Ended 31 December 2021






PMBL Investments Limited (Registered number: 09929349)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PMBL Investments Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: MK Berry
PA Lackie





REGISTERED OFFICE: 3 Southernhay West
Exeter
Devon
EX1 1JG





REGISTERED NUMBER: 09929349 (England and Wales)





ACCOUNTANTS: Haines Watts Accountants (Exeter) Limited
3 Southernhay West
Exeter
Devon
EX1 1JG

PMBL Investments Limited (Registered number: 09929349)

Balance Sheet
31 December 2021

2021 2020
Notes £    £   
FIXED ASSETS
Investment property 5 360,000 350,000

CURRENT ASSETS
Debtors 6 100 100
Cash at bank 15,578 4,829
15,678 4,929
CREDITORS
Amounts falling due within one year 7 (485,582 ) (395,731 )
NET CURRENT LIABILITIES (469,904 ) (390,802 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(109,904

)

(40,802

)

CREDITORS
Amounts falling due after more than one
year

8

-

(90,402

)

PROVISIONS FOR LIABILITIES (16,117 ) (14,217 )
NET LIABILITIES (126,021 ) (145,421 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 113,830 105,730
Retained earnings (239,951 ) (251,251 )
SHAREHOLDERS' FUNDS (126,021 ) (145,421 )

PMBL Investments Limited (Registered number: 09929349)

Balance Sheet - continued
31 December 2021


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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by:





PA Lackie - Director


PMBL Investments Limited (Registered number: 09929349)

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


1. STATUTORY INFORMATION

PMBL 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are initially measured at cost. Subsequently investment properties are measured at fair value at each reporting date with changes in fair value recognised in the revaluation reserves.

Investment properties are not depreciated.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities and equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


PMBL Investments Limited (Registered number: 09929349)

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


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The company relies on the continued support of the directors. The directors has expressed their willingness to continue supporting the company for the foreseeable future and therefore the directors believe that it is appropriate to prepare the financial statements on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 350,000
Revaluations 10,000
At 31 December 2021 360,000
NET BOOK VALUE
At 31 December 2021 360,000
At 31 December 2020 350,000

.

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2019 69,946
Valuation in 2020 50,000
Valuation in 2021 10,000
Cost 230,054
360,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by group undertakings 100 100

PMBL Investments Limited (Registered number: 09929349)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts - 16,128
Amounts owed to group undertakings 479,850 376,522
Tax 2,651 -
VAT 771 771
Accrued expenses 2,310 2,310
485,582 395,731

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 1-2 years - 16,128
Bank loans - 2-5 years - 48,384
Bank loans more 5 yr by instal - 25,890
- 90,402

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 25,890

9. RESERVES
Revaluation
reserve
£   
At 1 January 2021 105,730
Movements in revaluation 10,000
Transfer (1,900 )

At 31 December 2021 113,830

10. ULTIMATE PARENT ENTITY

The company is controlled by PMBL Holdings Limited, a company registered in England and Wales. The registered office and principal place of business is:

3 Southernhay West
Exeter
Devon
EX1 1JG

Group accounts are not prepared by PMBL Holdings Limited.