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REGISTERED NUMBER: 10392690 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

Pure International Limited

Pure International Limited (Registered number: 10392690)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pure International Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: C Trapl



REGISTERED OFFICE: Concept House
Home Park Road
Kings Langley
Hertfordshire
WD4 8UD



REGISTERED NUMBER: 10392690 (England and Wales)



SENIOR STATUTORY AUDITOR: Emma Fraser FCA



INDEPENDENT AUDITORS: Bracey's Accountants (Audit) Limited
Statutory Auditor
Chartered Accountants
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW

Pure International Limited (Registered number: 10392690)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 11,492 19,153
Tangible assets 5 13,699 65,833
Investments 6 31,374 31,374
56,565 116,360

CURRENT ASSETS
Debtors 7 192,153 501,153
Cash at bank 4,291 13,778
196,444 514,931
CREDITORS
Amounts falling due within one year 8 1,408,737 2,992,508
NET CURRENT LIABILITIES (1,212,293 ) (2,477,577 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,155,728

)

(2,361,217

)

CREDITORS
Amounts falling due after more than one year 9 1,193,052 15,666
NET LIABILITIES (2,348,780 ) (2,376,883 )

CAPITAL AND RESERVES
Called up share capital 12 5,925,465 5,925,465
Retained earnings (8,274,245 ) (8,302,348 )
SHAREHOLDERS' FUNDS (2,348,780 ) (2,376,883 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 July 2025 and were signed by:





C Trapl - Director


Pure International Limited (Registered number: 10392690)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Pure International 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
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosures is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The Company's functional and presentational currency is GBP. Amounts are rounded to the nearest £1.

Exemption from preparing consolidated financial statements
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent of the Group ae considered eligible for the exemption to prepare consolidation accounts.

Going concern
Whilst the Company has net current liabilities and negative reserves the financial statements have been prepared on a going concern basis which the Director considers to be appropriate.

The company operates on a cost plus basis revenue model which is supported by the group.

Aqipa Holdings GmbH has indicated its intention to provide funding support without restriction for a period of at least 12 months from the approval of these financial statements and that the intercompany balances will not be recalled until such time that the Company has the resources to pay these without impacting on its ability to settle its external debts as they fall due.

The director is confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the approval of the financial statements and therefore has prepared the financial statements on a going concern basis.

Pure International Limited (Registered number: 10392690)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will follow to the Company and the revenue can be relatively measured. Revenue is calculated based on the costs plus agreement with Aqipa Holdings GmbH.

Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Domain names - 10 years

The domain names are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.

Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives, using straight-line method.

The estimated useful lives range as follows:

Leasehold property - 50 months
Plant and machinery - 3 to 5 years
Office equipment - 3 to 5 years

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit or loss.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors and loans.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pure International Limited (Registered number: 10392690)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. 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.

Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits on a straight-line basis over their useful economic lives.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Foreign currencies
Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical costs are translated using the exchange rate at the date of the transaction an non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Provisions for liabilities
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Fixed asset investments
Amounts held relate to a wholly owned subsidiary and are measured at cost less accumulated impairment.

Pure International Limited (Registered number: 10392690)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2024
and 31 March 2025 76,613
AMORTISATION
At 1 April 2024 57,460
Amortisation for year 7,661
At 31 March 2025 65,121
NET BOOK VALUE
At 31 March 2025 11,492
At 31 March 2024 19,153

5. TANGIBLE FIXED ASSETS
Long Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 153,047 2,685,144 237,393 3,075,584
DEPRECIATION
At 1 April 2024 153,047 2,629,413 227,291 3,009,751
Charge for year - 46,869 5,265 52,134
At 31 March 2025 153,047 2,676,282 232,556 3,061,885
NET BOOK VALUE
At 31 March 2025 - 8,862 4,837 13,699
At 31 March 2024 - 55,731 10,102 65,833

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2024
and 31 March 2025 31,374
NET BOOK VALUE
At 31 March 2025 31,374
At 31 March 2024 31,374

The fixed asset investment comprises investment in a subsidiary company, Pure Europe GmbH, AT.

Pure International Limited (Registered number: 10392690)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors - 457
Amount owed by related parties - 271,243
VAT 16,514 1,125
Deferred tax asset 71,751 97,033
Prepayments 103,888 131,295
192,153 501,153

The company has taxable losses of £9,237,632 carried forward. A deferred tax asset has been restricted to recognise £35,751. The asset recorded is to reflect the expected utilisation of these losses in future periods. The remaining deferred tax asset of £36,000 is in respect of estimated R&D tax credit relief for 2025 year end.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 10) 112,357 1,349,107
Trade creditors 139,014 191,951
Amounts owed to group undertakings 1,063,114 1,347,467
Social security and other taxes 13,705 9,925
Wages control account 9,165 6,334
Accruals and deferred income 71,382 87,724
1,408,737 2,992,508

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans (see note 10) 1,193,052 15,666

10. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 14,174 18,099
Bank loans 98,183 1,331,008
112,357 1,349,107

Amounts falling due between one and two years:
Bank loans 1,193,052 15,666

The company has a loan under Bounce Back Loan Scheme (BBLS) which is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy, The total amount due on this loan is £16,513 with £10,000 due within one year and £6,513 due in more than one year.

The company has a further loan with Unicredit Bank Austria AG. There is no security on this loan but it is supported by group facilities. The amount due on this loan is £1,274,722 with £88,183 due within one year and £1,186,539 due in more than one year.

Pure International Limited (Registered number: 10392690)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 102,200 33,027
Between one and five years 34,067 -
136,267 33,027

The above commitment is in respect of the business premises. The commitment disclosed is to the break date, being 1 August 2026. The annual commitment is £102,200.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
5,925,465 Ordinary £1 1 5,925,465 5,925,465

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

As the income statement and directors report has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with S444(5B) of the Companies Act 2006.

The audit report prepared is in connection with the audit of the full annual accounts, including income statement and Directors' report which have not been filed.

The Report of the Auditors was unqualified.

We draw attention to Note 2 within these financial statements (headed 'Going Concern'), which details the working capital support from the group required in relation to the assessment of going concern.
Our opinion is not modified in this respect.

Emma Fraser FCA (Senior Statutory Auditor) (signed 22/07/2025)
for and on behalf of Bracey's Accountants (Audit) Limited

14. RELATED PARTY DISCLOSURES

The company entered into transactions with group and connected companies during the year. The transactions were all undertaken at market rate and therefore do not require disclosure under FRS102 Section 1A.

15. CONTROLLING PARTY

Pure International Limited is a subsidiary of AVenture AT GmbH, a company incorporated in Austria.

The ultimate parent company and ultimate controlling party is Aqipa Holding GmbH. This is the smallest group in which the results of the company are consolidated. The financial statements can be obtained from Aqipa Moslbichl 78, Kundl, Austria 6250.