During the year the company invoiced goods and services amounting to £324,292 (2021: £973,476) to Carbon Theory Inc, a wholly owned subsidiary incorporated in Delaware, USA. In addition, goods and services amounting to £74,709 (2021: £170,085) were invoiced to Carbon Theory Skincare Pty Ltd, a wholly owned subsidiary incorporated in Australia.
As at the year end the company was owed £733,959 (2021: £861,802) from Carbon Theory Inc and £218,967 (2021: £145,872) from Carbon Theory Skincare Pty Ltd. The amounts are unsecured, interest free and with no fixed date of repayment.