| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| FOR |
| AGRI TECHNOVATION INTERNATIONAL LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| FOR |
| AGRI TECHNOVATION INTERNATIONAL LIMITED |
| AGRI TECHNOVATION INTERNATIONAL LIMITED (REGISTERED NUMBER: 05655032) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| AGRI TECHNOVATION INTERNATIONAL LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Marlborough House |
| 298 Regents Park Road |
| London |
| N3 2SZ |
| AGRI TECHNOVATION INTERNATIONAL LIMITED (REGISTERED NUMBER: 05655032) |
| BALANCE SHEET |
| 28 FEBRUARY 2025 |
| 28.2.25 | 29.2.24 |
| Notes | $ | $ | $ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Share premium | 8 |
| Retained earnings | 8 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| AGRI TECHNOVATION INTERNATIONAL LIMITED (REGISTERED NUMBER: 05655032) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| 1. | STATUTORY INFORMATION |
| Agri Technovation International Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Agri Technovation International Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| Unlisted |
| investments |
| $ |
| COST |
| At 1 March 2024 |
| Additions |
| At 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 29 February 2024 |
| 5. | DEBTORS |
| 28.2.25 | 29.2.24 |
| $ | $ |
| Amounts falling due within one year: |
| Amounts owed by group undertakings |
| Other debtors |
| AGRI TECHNOVATION INTERNATIONAL LIMITED (REGISTERED NUMBER: 05655032) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| 5. | DEBTORS - continued |
| 28.2.25 | 29.2.24 |
| $ | $ |
| Amounts falling due after more than one year: |
| Amounts owed by group undertakings |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.25 | 29.2.24 |
| $ | $ |
| Other loans |
| Trade creditors |
| Amounts owed to group undertakings |
| Accruals and deferred income |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.25 | 29.2.24 |
| value: | $ | $ |
| Ordinary A shares | 0.01 | 303 | 303 |
| Ordinary B shares | 0.01 | 126 | 126 |
| 429 | 429 |
| Share Capital has a par value of £0.01. For the purpose of these Financial Statements the Share Capital is translated to USD at the closing rate on the financial reporting date. |
| 8. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| $ | $ | $ |
| At 1 March 2024 | ( |
) | 9,032,288 |
| Profit for the year |
| At 28 February 2025 | ( |
) | 9,120,103 |
| AGRI TECHNOVATION INTERNATIONAL LIMITED (REGISTERED NUMBER: 05655032) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| 9. | RELATED PARTY DISCLOSURES |
| Included under current liabilities are balances owed to shareholders: |
| Shareholder loans balance: $941,832 (2024: $880,279). |
| These loans carry interest at a rate of LIBOR + 150 base points, and will be repaid in line with the stipulations in the underlying shareholder agreements. |
| Included under non-current assets are balances owed by related parties: |
| Agri Technovation related parties balance: $10,088,081 (2024: $9,902,228) |
| The loan to Agri Technovation Incorporated California is subordinated in favour of FFB Bank in terms of the business loan agreement with FFB Bank. |
| Included under current liabilities are balances owed to related parties: |
| Related parties balance: $13,419 (2024: $13,419). |
| These loans have no fixed repayment terms, carry no interest and will not be claimed for payment within the next 12 months, in line with inter-company loan agreements. |
| 10. | TAXATION |
| The company has no taxes to pay for the year ended 28.02.2025. It is carrying forward the losses of £124,929 (2024: £194,375) to offset against future profits. |