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REGISTERED NUMBER: 13605522 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SKYBLOK LTD

| SKYBLOK LTD (REGISTERED NUMBER: 13605522) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| SKYBLOK LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2024

| DIRECTORS: | J Rea

| J C Wilson

| REGISTERED OFFICE: | Argent House

| 5 Goldington Road

| Bedford

| London

| MK40 3JY

| REGISTERED NUMBER: | 13605522 (England and Wales)

| ACCOUNTANTS: | Rawlinson Pryde Limited

| Chartered Accountants

| Argent House

| 5 Goldington Road

| Bedford

| Bedfordshire

| MK40 3JY

| SKYBLOK LTD (REGISTERED NUMBER: 13605522) |

BALANCE SHEET

30 SEPTEMBER 2024

| 30.9.24 | 30.9.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,649 |  | 8,694 |  |

CURRENT ASSETS

Stocks | 5 | 77,539 |  | 162,371 |  |

Debtors | 6 | 120,554 |  | 81,043 |  |

Cash at bank | 344 |  | 1,074 |  |

198,437 |  | 244,488 |  |

CREDITORS

Amounts falling due within one year | 7 | 549,436 |  | 477,288 |  |

NET CURRENT LIABILITIES | (350,999 | ) | (232,800 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (347,350 | ) | (224,106 | ) |

PROVISIONS FOR LIABILITIES | 8 | (912 | ) | (2,172 | ) |

ACCRUALS AND DEFERRED INCOME | (5,734 | ) | (5,400 | ) |

NET LIABILITIES | (353,996 | ) | (231,678 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (354,096 | ) | (231,778 | ) |

(353,996 | ) | (231,678 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

| SKYBLOK LTD (REGISTERED NUMBER: 13605522) |

BALANCE SHEET - continued

30 SEPTEMBER 2024

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 9 June 2025 and were signed on its behalf by:

J Rea - Director

J C Wilson - Director

| SKYBLOK LTD (REGISTERED NUMBER: 13605522) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. | STATUTORY INFORMATION

| Skyblok Ltd 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. | 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.

| Turnover

| Turnover is recognised at the fair value of the consideration received or receivable, excluding discounts and rebates. Turnover comprises of sales of cryptoassets, non-fungible tokens, nodes and rewards received.

| Turnover from the sale of cryptoassets non-fungible tokens and nodes are recognised at the point of receipt when the asset has been sold and the legal title has passed.

| Rewards received are accounted for on an accruals basis and are charged to the profit and loss in the period to which they relate.

| Transactions in cryptoassets are translated into sterling at the rate of exchange ruling at the date of transaction.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 20% on cost

| Computer equipment | - | 33% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for any assets which no longer hold any value and their sale cannot be realised.

| SKYBLOK LTD (REGISTERED NUMBER: 13605522) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets or financial liabilities.

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit or loss in other administrative expenses.

| Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

| Creditors and provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably measured. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

| Loans and borrowings are initially recognised at the transaction price including costs. Subsequently, they are measured at amortised cost using the effective interest method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. The present value of a financial asset or financial liability that is repayable on demand is equal to the undiscounted cash amount expect to be pair or received.

| 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.

| 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.

| Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

| SKYBLOK LTD (REGISTERED NUMBER: 13605522) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 October 2023

| and 30 September 2024 | 1,304 |  | 14,488 |  | 15,792 |  |

| DEPRECIATION

| At 1 October 2023 | 166 |  | 6,932 |  | 7,098 |  |

| Charge for year | 261 |  | 4,784 |  | 5,045 |  |

| At 30 September 2024 | 427 |  | 11,716 |  | 12,143 |  |

| NET BOOK VALUE

| At 30 September 2024 | 877 |  | 2,772 |  | 3,649 |  |

| At 30 September 2023 | 1,138 |  | 7,556 |  | 8,694 |  |

5. | STOCKS

| 30.9.24 |  | 30.9.23

£ | £ |

| Stocks | 77,539 |  | 162,371 |  |

6. | DEBTORS

| 30.9.24 |  | 30.9.23

£ | £ |

| Amounts falling due within one year:

| Tax | 140 |  | 140 |  |

| Amounts falling due after more than one year:

| Deferred tax asset | 120,414 |  | 80,903 |  |

| Aggregate amounts | 120,554 |  | 81,043 |  |

| The company has included the deferred tax asset arising from trading losses. The directors are of the opinion that suitable profits will arise in the future against which this asset can be recovered.

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Directors' current accounts | 549,436 |  | 477,288 |  |

| SKYBLOK LTD (REGISTERED NUMBER: 13605522) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. | PROVISIONS FOR LIABILITIES

| 30.9.24 |  | 30.9.23

£ | £ |

| Deferred tax | 912 |  | 2,172 |  |

| Deferred |

| tax |

£ |

| Balance at 1 October 2023 | 2,172 |  |

| Accelerated capital allowance | (1,260 | ) |

| Balance at 30 September 2024 | 912 |  |