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Company No: 13239272 (England and Wales)

# KANA EARTH LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

KANA EARTH LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

KANA EARTH LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
KANA EARTH LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,807 |  | 6,288
|  | 2,807 |  | 6,288
Current assets |  |  |  |
Debtors | 4 | 43,103 |  | 31,107
Cash at bank and in hand |  | 18,667 |  | 20,115
|  | 61,770 |  | 51,222
Creditors: amounts falling due within one year | 5 | ( 1,201,341) |  | ( 808,441)
Net current liabilities |  | (1,139,571) |  | (757,219)
Total assets less current liabilities |  | (1,136,764) |  | (750,931)
Creditors: amounts falling due after more than one year | 6 | ( 70,000) |  | 0
Net liabilities |  | ( 1,206,764) |  | ( 750,931)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 704 |  | 672
Share premium account |  | 1,454,457 |  | 1,254,496
Profit and loss account |  | ( 2,661,925 ) |  | ( 2,006,099 )
Total shareholders' deficit |  | ( 1,206,764) |  | ( 750,931)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Kana Earth Limited (registered number: 13239272) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

A R Creak Director |

03 October 2025

KANA EARTH LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
KANA EARTH LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 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 year, unless otherwise stated.

##### General information and basis of accounting

Kana Earth Limited (the Company) is a private company, limited by shares, 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 3rd Floor 1 Ashley Road, Altrincham, WA14 2DT, 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

Despite the loss reported during the year, the directors expect the company to remain operationally viable by raising capital funding and utilising borrowings where appropriate. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

##### Turnover

Revenue is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

##### 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
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 3 years straight line

Property, plant and equipment are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the statement of income

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Share premium represents premiums received when issuing share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 9 |  | 8

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 10,442 |  | 10,442
At 31 March 2025 | 10,442 |  | 10,442
Accumulated depreciation |  |  |
At 01 April 2024 | 4,154 |  | 4,154
Charge for the financial year | 3,481 |  | 3,481
At 31 March 2025 | 7,635 |  | 7,635
Net book value |  |  |
At 31 March 2025 | 2,807 |  | 2,807
At 31 March 2024 | 6,288 |  | 6,288

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 37,800 |  | 0
Other debtors | 5,303 |  | 31,107
| 43,103 |  | 31,107

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 179,999 |  | 200,728
Amounts owed to directors | 415,252 |  | 555,000
Accruals | 6,600 |  | 5,300
Other taxation and social security | 41,041 |  | 38,472
Other creditors | 558,449 |  | 8,941
| 1,201,341 |  | 808,441

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Convertible loan notes | 70,000 |  | 0

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
70,358 A Ordinary Shares shares of £ 0.01 each (2024: 67,238 shares of £ 0.01 each) | 704 |  | 672

On 7th July 2024, 3,120 A Ordinary £0.01 shares were issued at a subscription price of £64.10 per share.

#### 8. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Directors loan account | (520,252) |  | (555,000)

The amounts repayable to the directors at the reporting date are unsecured, interest free and repayable on demand.

#### 9. Events after the Balance Sheet date

On 4th April 2025, 7,046 A Ordinary £0.01 shares were issued at a subscription price of £64.10 per share.