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REGISTERED NUMBER: 02243727 (England and Wales)

PI Global Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

| PI Global Limited (Registered number: 02243727) |

Contents of the Financial Statements

for the year ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| PI Global Limited |

Company Information

for the year ended 31 March 2025

| Directors: | K Krejberg

| P Pitrola

| Registered office: | c/o Museum of Brands

| 111-117 Lancaster Road

| London

| W11 1QT

| Registered number: | 02243727 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| Broadwalk House, 5th Floor

| 5 Appold Street

| Broadgate

| London

| EC2A 2AG

| PI Global Limited (Registered number: 02243727) |

Balance Sheet

31 March 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

Fixed assets

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 16,076 |  | 17,790 |  |

Investments | 6 | 11,349 |  | 11,349 |  |

27,425 |  | 29,139 |  |

Current assets

Debtors | 7 | 180,655 |  | 164,447 |  |

Cash at bank and in hand | 117,698 |  | 38,492 |  |

298,353 |  | 202,939 |  |

Creditors

Amounts falling due within one year | 8 | 213,855 |  | 114,551 |  |

Net current assets | 84,498 |  | 88,388 |  |

Total assets less current liabilities | 111,923 |  | 117,527 |  |

Creditors

Amounts falling due after more than one year | 9 | 49,583 |  | 77,916 |  |

Net assets | 62,340 |  | 39,611 |  |

Capital and reserves

Called up share capital | 11 | 100 |  | 100 |  |

Retained earnings | 62,240 |  | 39,511 |  |

Shareholders' funds | 62,340 |  | 39,611 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| PI Global Limited (Registered number: 02243727) |

Balance Sheet - continued

31 March 2025

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 Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

P Pitrola - Director

| PI Global Limited (Registered number: 02243727) |

Notes to the Financial Statements

for the year ended 31 March 2025

1. | Statutory information

| PI Global 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

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going concern

| The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

| Preparation of consolidated financial statements

| The financial statements contain information about PI Global Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| At the balance sheet date there was an amount of £5,000 (2024: £31,170) owed from an associated company.

| Significant judgements and estimates

| Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments.

| Intangible assets are at cost less accumulated amortisation. Amortisation is charged on a straight line basis over the estimated economic life of the assets.

| The company's tangible assets are depreciated on a reducing balance over their useful economic lives. Management reviews the appropriateness of assets' useful economic lives at least annually and any changes could affect prospective depreciation rates and asset carrying values.

| The company engages in projects which can take more than a year to complete. The directors therefore must make estimations in terms of the level of revenue to recognise within each set of annual financial statements. These calculations are determined by the estimated level of completion on these projects and the expected profitability. Such estimations are by their nature judgemental but are backed by reviews of correspondence and resourcing forecasts performed post year end.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable at the completion of set stages, excluding discounts, rebates and VAT.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings - 25% reducing balance

| Investments in subsidiaries

| Investments held as fixed assets are shown at cost less provision for impairment.

| PI Global Limited (Registered number: 02243727) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

2. | Accounting policies - continued

| Financial instruments

| Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, convertible loan notes and loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

| Financial assets and liabilities - classified as basic financial instruments

| (i) Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

| (ii) Trade and other receivables

| Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

| At the end of each reporting period, the company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in the Income Statement.

| (iii) Equity investments

| Equity investments comprise ordinary shares, not publicly traded in active markets for which a reliable fair value cannot be measured reliably. Equity investments are initially recognised at fair value, which is the transaction price excluding transaction costs and are subsequently measured at fair value through profit or loss.

| (iv) Trade and other payables and loans and borrowings

| Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the discounted amount of the cash expected to be paid.

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

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

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| PI Global Limited (Registered number: 02243727) |

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 - 9 ) .

4. | Intangible fixed assets

Goodwill |

| £

| Cost

| At 1 April 2024

| and 31 March 2025 | 30,000 |  |

| Amortisation

| At 1 April 2024

| and 31 March 2025 | 30,000 |  |

| Net book value

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

5. | Tangible fixed assets

Fixtures |

and |

fittings |

| £

| Cost

| At 1 April 2024 | 48,751 |  |

| Additions | 6,527 |  |

| Disposals | (9,530 | ) |

| At 31 March 2025 | 45,748 |  |

| Depreciation

| At 1 April 2024 | 30,961 |  |

| Charge for year | 5,358 |  |

| Eliminated on disposal | (6,647 | ) |

| At 31 March 2025 | 29,672 |  |

| Net book value

| At 31 March 2025 | 16,076 |  |

| At 31 March 2024 | 17,790 |  |

6. | Fixed asset investments

Shares in |

group |

undertakings |

| £

| Cost

| At 1 April 2024

| and 31 March 2025 | 11,349 |  |

| Net book value

| At 31 March 2025 | 11,349 |  |

| At 31 March 2024 | 11,349 |  |

| PI Global Limited (Registered number: 02243727) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

7. | Debtors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Trade debtors | 126,543 |  | 84,725 |  |

| Amounts owed by group undertakings | 5,000 |  | 31,170 |  |

| Other debtors | 49,112 |  | 48,552 |  |

180,655 |  | 164,447 |  |

8. | Creditors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 28,334 |  | 28,333 |  |

| Trade creditors | 67,579 |  | 28,415 |  |

| Amounts owed to group undertakings | - |  | 23,010 |  |

| Taxation and social security | 17,031 |  | 18,631 |  |

| Other creditors | 100,911 |  | 16,162 |  |

213,855 |  | 114,551 |  |

9. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

| £ | £

| Bank loans | 49,583 |  | 77,916 |  |

10. | Secured debts

| The following secured debts are included within creditors:

2025 | 2024 |

| £ | £

| Bank loans | 77,917 |  | 106,249 |  |

| HSBC UK Bank Plc holds a fixed and floating charge over all assets.

11. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 1,000 | Ordinary | £0.10 | 100 |  | 100 |  |