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REGISTERED NUMBER: 02627060 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

DRAWBOND INVESTMENTS LIMITED

DRAWBOND INVESTMENTS LIMITED (REGISTERED NUMBER: 02627060)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


DRAWBOND INVESTMENTS LIMITED

Company Information
for the Year Ended 31 December 2024







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 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 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


29 May 2025

DRAWBOND INVESTMENTS LIMITED (REGISTERED NUMBER: 02627060)

Income Statement
for the Year Ended 31 December 2024

2024 2023
Notes $    $   

TURNOVER - -

Administrative expenses 76,668 61,458
OPERATING LOSS (76,668 ) (61,458 )

Profit/loss on sale of invest 4 210,121 127,115
133,453 65,657

Interest receivable and similar income 102,193 79,956
235,646 145,613
Gain/loss on revaluation of assets 87,088 401,087
322,734 546,700

Interest payable and similar expenses 65,656 57,863
PROFIT BEFORE TAXATION 257,078 488,837

Tax on profit 43,102 9,851
PROFIT FOR THE FINANCIAL YEAR 213,976 478,986

DRAWBOND INVESTMENTS LIMITED (REGISTERED NUMBER: 02627060)

Balance Sheet
31 December 2024

2024 2023
Notes $    $    $   
FIXED ASSETS
Investments 5 2,214,019 2,214,019

CURRENT ASSETS
Investments 6 5,253,524 5,034,836
Cash at bank 438 867
5,253,962 5,035,703
CREDITORS
Amounts falling due within one year 7 1,046,880 1,018,044
NET CURRENT ASSETS 4,207,082 4,017,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,421,101

6,231,678

CREDITORS
Amounts falling due after more than one
year

8

2,262,636

2,287,189
NET ASSETS 4,158,465 3,944,489

CAPITAL AND RESERVES
Called up share capital 2,727,655 2,727,655
Retained earnings 1,430,810 1,216,834
SHAREHOLDERS' FUNDS 4,158,465 3,944,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

DRAWBOND INVESTMENTS LIMITED (REGISTERED NUMBER: 02627060)

Balance Sheet - continued
31 December 2024


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 29 May 2025 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 2024

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 (2023 - NIL).

4. EXCEPTIONAL ITEMS
2024 2023
$    $   
Profit/loss on sale of invest 210,121 127,115

5. FIXED ASSET INVESTMENTS
Interest
in
associate
$   
COST
At 1 January 2024
and 31 December 2024 2,214,019
NET BOOK VALUE
At 31 December 2024 2,214,019
At 31 December 2023 2,214,019

6. CURRENT ASSET INVESTMENTS
2024 2023
$    $   
Listed investments 5,253,524 5,034,836

DRAWBOND INVESTMENTS LIMITED (REGISTERED NUMBER: 02627060)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$    $   
Taxation and social security 40,335 18,044
Other creditors 1,006,545 1,000,000
1,046,880 1,018,044

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
$    $   
Other creditors 2,262,636 2,287,189

9. ULTIMATE CONTROLLING PARTY

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