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Registration number: 06693180

TR Organisation 1
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2024

TR Organisation 1

Contents

Page(s)

Directors' Report | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 5

TR Organisation 1

Directors' Report for the Year Ended 31 December 2024

The Directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the Company

The Directors who held office during the year were as follows:

K. Major

W.D. Rowell

Approved by the Board on 16 September 2025 and signed on its behalf by:

.........................................
W.D. Rowell
Director

TR Organisation 1

(Registration number: 06693180)
Balance Sheet as at 31 December 2024

| Note | 2024 US$ 000 | 2023 US$ 000
Fixed assets |  |  |
Investments | 3 | 936,158 | 936,158
Current assets |  |  |
Debtors: amounts falling due within one year | 4 | 12,511 | 12,511
Creditors: amounts falling due within one year | 5 | (936,156) | (936,156)
Net current liabilities |  | (923,645) | (923,645)
Net assets |  | 12,513 | 12,513
Capital and reserves |  |  |
Called up share capital | 6 | - | -
Capital redemption reserve |  | 190,977 | 190,977
Profit and loss account |  | (178,464) | (178,464)
Total Shareholders' funds |  | 12,513 | 12,513

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:

.........................................

W.D. Rowell
Director

TR Organisation 1

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

1 | General information

The Company is a private unlimited Company by shares incorporated in United Kingdom and domiciled in England.

The address of its registered office is:
Five Canada Square
Canary Wharf
London
United Kingdom
E14 5AQ
United Kingdom

2 | Accounting policies

Basis of preparation

These financial statements are prepared in accordance with the Financial Reporting Standard 101, ‘Reduced Disclosure Framework’ (FRS 101) and the Companies Act 2006.
In preparing these financial statements, the Company applies the recognition, measurement and disclosure requirements of International Financial Reporting Standards as adopted by the UK (UK-adopted international accounting standards), but makes amendments where necessary in order to comply with the Companies Act 2006 and to take advantage of FRS 101 disclosure exemptions.

Trading Status
The Company has not traded during the year or the previous year, has incurred no liabilities and consequently, has made neither profit or loss. None of the Directors received any emoluments in respect of their services to the Company.

Going concern

The Company's intermediate parent undertaking has confirmed its intention to continue to provide ongoing financial support to the Company and all of its current subsidiaries to enable them to continue to trade and to enable them to meet their liabilities as they fall due within one year from the date of signing the financial statements. As a result, the Directors have deemed it appropriate to prepare the financial statements on a going concern basis.

Fixed asset investments
The Company holds investments in other companies. These are recognised as fixed asset investments and are stated at historical cost less provision for any dimunition in value.

TR Organisation 1

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

3 | Investments

Subsidiaries | US$ 000
Cost or valuation
At 1 January 2024 | 936,158
At 31 December 2024 | 936,158
At 31 December 2023 | 936,158

The Directors are of the opinion that the value of the Company's investments is not less than the value of which it is stated in the Balance Sheet as at 31 December 2024.

Details of the investments in which the Company holds direct investment in any class of share capital are as follows:

Name of subsidiary | Principal activity | Registered office | Proportion of ownership interest and voting rights held
|  |  | 2024 | 2023
Pilgrim Systems Limited | Dorrmant | Five Canada Square,Canary Wharf, London, E14 5AQ, England | 31.42% | 31.42%

4 | Debtors: amounts falling due within one year

| 2024 US$ 000 | 2023 US$ 000
Amounts owed by group undertakings | 12,511 | 12,511
| 12,511 | 12,511

Amounts owed by fellow group undertakings are unsecured, non-interest bearing and repayable on demand.

5 | Creditors: amounts falling due within one year

| 2024 US$ 000 | 2023 US$ 000
Amounts owed to fellow group undertakings | 936,156 | 936,156

Amounts owed to fellow group undertakings are unsecured, non-interest bearing and repayable on demand.

TR Organisation 1

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

6 | Called up Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | US$ | No. | US$
Ordinary Shares of US$1 each | 2 | 2 | 2 | 2

All allotted share capital and called up share capital have been paid.

7 | Parent and ultimate parent undertaking

The Company's immediate parent is Rufeta Unlimited, incorporated in United Kingdom.
The ultimate parent is Thomson Investments Limited, incorporated in Canada.
The most senior parent entity producing publicly available financial statements is Thomson Reuters Corporation. These financial statements are available upon request from Five Canada Square, Canary Wharf, London, E14 5AQ, United Kingdom, and online at www.thomsonreuters.com.

The parent of the largest group in which these financial statements are consolidated is Thomson Reuters Corporation, incorporated in Canada.