Company No: 14967240 (England and Wales)

Contents

• Company Information
• Directors' Report
• Directors' Responsibilities Statement
• Independent Auditor's Report
• Profit and Loss Account
• Balance Sheet
• Statement of Changes in Equity
• Notes to the Financial Statements

DIRECTORS	Guilherme Luiz Antunes Major (Appointed 16 May 2024)
	Derek Albert Middlebrook (Resigned 16 May 2024)
	Fernando Moreira Sette

REGISTERED OFFICE	280 Bishopsgate
	London
	EC2M 4AG
	United Kingdom

COMPANY NUMBER

14967240 (England and Wales)

AUDITOR	Buzzacott Audit LLP
	Statutory Auditor
	130 Wood Street
	London
	EC2V 6DL
	United Kingdom

The directors present their annual report on the affairs of Wildlife Studios UK Limited ('the company'), together with the financial statements and auditors’ report, for the financial year ended 31 December 2024.

PRINCIPAL ACTIVITIES

The principal activity of the Company is business and domestic software development.

GOING CONCERN

In the first half of the year the directors made the decision that the Company would cease trading and that the residual trading activities be transferred to certain fellow group companies. The transfer is yet to be finalised, it is anticipated this will be completed prior to 31 December 2025. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

DIRECTORS

The directors, who served during the financial year and to the date of this report except as noted, were as follows:

Guilherme Luiz Antunes Major	(Appointed 16 May 2024)
Derek Albert Middlebrook	(Resigned 16 May 2024)
Fernando Moreira Sette

DIRECTORS' INDEMNITIES

The Company has made qualifying third party indemnity provisions for the benefit of its directors which were made during the financial year and remain in force at the date of this report.

AUDITOR

Each of the persons who is a director at the date of approval of this report confirms that:

• So far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware; and
• The director has taken all the steps that he/she ought to have taken as a director in order to make himself/herself aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006.

A resolution to reappoint Buzzacott Audit LLP will be proposed at the forthcoming Annual General Meeting.

This Directors' Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption provided by section 415A of the Companies Act 2006.

Approved by the Board of Directors and signed on its behalf by:

Fernando Moreira Sette Director

26 September 2025

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that financial period.

In preparing these financial statements, the directors are required to:

• Select suitable accounting policies and then apply them consistently;
• Make judgements and accounting estimates that are reasonable and prudent;
• State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Report on the audit of the financial statements

Opinion

We have audited the financial statements of Wildlife Studios UK Limited (‘the company’) for the period ended 31 December 2024 which comprise of the profit and loss account, the balance sheet, statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

• give a true and fair view of the state of the company’s affairs as at 31 December 2024 and of its loss for the period then ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter - basis other than going concern

We draw attention to the going concern paragraph in note 1 of the financial statements which explains that the intention of the directors is that the Company would cease trading and that the residual
trading activities be transferred to certain fellow group companies. It is the intention of the directors that subsequent to completion of transfer, the company will wind down all operations and liquidate in an orderly fashion.

Accordingly, the financial statements have been prepared on a basis other than going concern as described in going concern paragraph in note 1. Our opinion is not modified in respect of this matter.

Other information

The other information comprises the information included in the Annual report, other than the financial statements and our Auditor’s report thereon. The directors are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Responsibilities of directors

As explained more fully in the Directors’ responsibilities statement on page 4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• the Senior Statutory Auditor ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
• we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company;
• the audit team held a discussion to identify and particular areas that were considered to be susceptible to misstatement, including with respect to fraud and non-compliance with laws and regulations; and
• we focused our planned audit work on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company including the Companies Act 2006, employment legislation and taxation legislation.



We assessed the extent of compliance with the laws and regulations identified above through:

• making enquiries of management;
• inspecting legal expenditure and correspondence throughout the year for any potential litigation or claims; and
• considering the internal controls in place that are designed to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

• determined the susceptibility of the company to management override of controls by checking the implementation of controls and enquiring of individuals involved in the financial reporting process;
• performed analytical procedures to identify any unusual or unexpected relationships;
• tested journal entries to identify unusual transactions;
• assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;
• tested the accuracy and occurrence of revenue through a recalculation of the cost plus agreement;
• carried out substantive testing to check they occurrence and cut-off of expenditure; and
• investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• agreeing financial statement disclosures to underlying supporting documentation;
• reading the minutes of meetings of those charged with governance; and
• enquiring of management as to actual and potential litigation and claims.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor’s report.

Report on other legal and regulatory requirements

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
• the Directors’ report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
• the financial statements are not in agreement with the accounting records and returns; or
• certain disclosures of directors’ remuneration specified by law are not made; or
• we have not received all the information and explanations we require for our audit; or
• the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the Directors’ report and from the requirement to prepare a strategic report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

John Marnham(Senior Statutory Auditor)
For and on behalf of Buzzacott Audit LLP
Statutory Auditor

130 Wood Street
London
EC2V 6DL
United Kingdom

26 September 2025

	Note	Year ended 31.12.2024		Period from 28.06.2023 to 31.12.2023
		£		£
Turnover		1,203,347		0
Administrative expenses		( 1,097,328)		( 24,084)
Operating profit/(loss)		106,019		( 24,084)
Interest receivable and similar income		775		413
Interest payable and similar expenses		( 13)		0
Profit/(loss) before taxation		106,781		( 23,671)
Tax on profit/(loss)		( 25,692)		0
Profit/(loss) for the financial year/period		81,089		( 23,671)

	Note	31.12.2024		31.12.2023
		£		£
Current assets
Debtors	4	166,825		0
Cash at bank and in hand		303,848		73,052
		470,673		73,052
Creditors: amounts falling due within one year	5	( 138,705)		( 96,722)
Net current assets/(liabilities)		331,968		(23,670)
Total assets less current liabilities		331,968		(23,670)
Net assets/(liabilities)		331,968		( 23,670)
Capital and reserves
Called-up share capital		274,550		1
Profit and loss account		57,418		( 23,671 )
Total shareholder's funds/(deficit)		331,968		( 23,670)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within part 15 of the Companies Act 2006.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements of Wildlife Studios UK Limited (registered number: 14967240) were approved and authorised for issue by the Board of Directors on 26 September 2025. They were signed on its behalf by:

Fernando Moreira Sette Director

	Called-up share capital		Profit and loss account		Total
	£		£		£
At 28 June 2023	0		0		0
Loss for the financial period	0		( 23,671)		( 23,671)
Total comprehensive loss	0		( 23,671)		( 23,671)
Issue of share capital	1		0		1
At 31 December 2023	1		( 23,671)		( 23,670)
At 01 January 2024	1		( 23,671)		( 23,670)
Profit for the financial year	0		81,089		81,089
Total comprehensive income	0		81,089		81,089
Issue of share capital	274,549		0		274,549
At 31 December 2024	274,550		57,418		331,968

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Wildlife Studios UK Limited ('the company') is a private company, limited by share capital, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 280 Bishopsgate, London, EC2M 4AG, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In the first half of the year the directors made the decision that the Company would cease trading and that the residual trading activities be transferred to certain fellow group companies. The transfer is still to be finalised. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

Revenue is recognised when the company has entitlement to the income in exchange for the provision of services.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	Year ended 31.12.2024		Period from 28.06.2023 to 31.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	8		0

3. Tax on profit/(loss)

	Year ended 31.12.2024		Period from 28.06.2023 to 31.12.2023
	£		£
Current tax on profit/(loss)
UK corporation tax	25,692		0
Total current tax	25,692		0
Total tax on profit/(loss)	25,692		0

4. Debtors

	31.12.2024		31.12.2023
	£		£
Amounts owed by Group undertakings	125,270		0
Other debtors	41,555		0
	166,825		0

5. Creditors: amounts falling due within one year

	31.12.2024		31.12.2023
	£		£
Trade creditors	18,236		0
Amounts owed to Group undertakings	0		78,609
Taxation and social security	58,551		1,463
Other creditors	61,918		16,650
	138,705		96,722

6. Events after the Balance Sheet date

On 27 March 2025, 300,000 A ordinary shares with a nominal value of $1 per share were extinguished with the share capital value paid to the shareholder TFG Ltd, the ultimate controlling party. There is no financial impact on the financial statements for this reporting period as the company has sufficient funds to repay the share capital after the reporting period.

7. Ultimate controlling party

Parent Company:

The company's immediate parent is TFG, Ltd., incorporated in Cayman Islands.TFG, Ltd., is the holding company of the group. The company is responsible for receiving external investments, holding (directly or indirectly) the shares in the group's entities. The largest and smallest group into which the results of the company are consolidated is TFG, Ltd., whose principal place of business for corporate purposes is:

89 Nexas Way, Camana Bay Grand Cayman KY1-9009 Cayman Islands

As for TFG, Ltd.'s tax address (information that must be included on invoices and contracts), it is 171, Old Bakery Street, Valletta, VLT 1455, Malta.