Principal activities of the company

The principal activities of the Company are to hold the Gramercy PG Holdings LP’s (“the Fund”) investments for legal, regulatory and tax purposes. The Company invests primarily in a senior secured loan to Pogust Goodhead, an international law firm specialising in class action litigation. The loan is collateralised by a first priority lien on all respective assets other than subordinated capital, including contingent fees and other proceeds of litigation, and a subordinated lien on all subordinated capital.

Political and charitable donations

No political or charitable donations were made by the Company in the financial year.

Additional information

Going concern The directors have reviewed the historical performance of the Company and its cash flow projections for the 12 months following the date of signing the financial statements. The directors are confident that the Company has adequate resources to meet its requirements for the foreseeable future, and have therefore prepared these accounts on a going concern basis. Greenhouse Gas Emissions and Streamlined Energy & Carbon Reporting ('SECR') The Company considers itself to be a low energy user under the SECR regulations and therefore it is not required to disclose energy and carbon information. Future Developments Details concerning the company’s future developments can be found in the Strategic Report on page 6. These form part of this report by way of cross-reference. Events after the reporting date Details of significant events occurring after the reporting date are included in note 12 to the financial statements. Financial Risk Management See 'Principal Risks and Uncertainties' within the Strategic report and note10. Dividends No dividends were made or are recommended in respect of the year (2023: Nil). Employees The company had no employees during the period. Statement of disclosure of information to the 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 information is given and should be interpreted in accordance with section 418 of the Companies Act 2006. KPMG Channel Islands Limited were appointed as the auditors of the Company. "Pursuant to Section 487 (2) of the Companies Act 2006, the auditor will be deemed to be reappointed and KPMG Channel Islands Limited will therefore continue to be in office. STATEMENT OF DIRECTORS’ RESPONSIBILITIES 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 they have elected to prepare the financial statements in accordance with UK accounting standards and applicable law (UK Generally Accepted Accounting Practice), 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 period. In preparing these financial statements, the directors are required to:. select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; assess the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and use the going concern basis of accounting unless they either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. 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 Companies Act 2006. They are responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Company and to prevent and detect fraud and other irregularities.

This report was approved by the board of directors on 30 September 2025
and signed on behalf of the board by:

Name: Robert Lanava
Status: Director