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# KHADI LONDON CIC

## Company limited by guarantee

## Company Registration Number:
14664751 (England and Wales)

## Unaudited statutory accounts for the year ended 28 February 2025

## Period of accounts

## Start date: 29 February 2024

## End date: 28 February 2025

# KHADI LONDON CIC

## Contents of the Financial Statements

for the Period Ended 28 February 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |
Community Interest Report |

# KHADI LONDON CIC

Directors' report period ended 28 February 2025

The directors present their report with the financial statements of the company for the period ended 28 February 2025

Principal activities of the company

The company's principal activity during the year continued to be research and experimental development, educational consulting services.

Directors

The directors shown below have held office during the whole of the period from
29 February 2024 to 28 February 2025

Josephine Ann Susan Salter
Ashna Patel

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 November 2025

And signed on behalf of the board by:
Name: Josephine Ann Susan Salter
Status: Director

# KHADI LONDON CIC

## Profit And Loss Account

for the Period Ended 28 February 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 9,581 | 3,702
Cost of sales: | ( 4,918 ) | ( 195 )
Gross profit(or loss): | 4,663 | 3,507
Administrative expenses: | ( 5,097 ) | ( 3,061 )
Other operating income: | 322 |
Operating profit(or loss): | (112) | 446
Profit(or loss) before tax: | (112) | 446
Profit(or loss) for the financial year: | (112) | 446

# KHADI LONDON CIC

## Balance sheet

As at 28 February 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Current assets
Cash at bank and in hand: |  | 865 | 587
Total current assets: |  | 865 | 587
Creditors: amounts falling due within one year: | 3 | ( 531 ) | ( 141 )
Net current assets (liabilities): |  | 334 | 446
Total assets less current liabilities: |  | 334 | 446
Total net assets (liabilities): |  | 334 | 446
Members' funds
Profit and loss account: |  | 334 | 446
Total members' funds: |  | 334 | 446

The notes form part of these financial statements

# KHADI LONDON CIC

## Balance sheet statements

For the year ending 28 February 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 November 2025
and signed on behalf of the board by:

Name: Josephine Ann Susan Salter
Status: Director

The notes form part of these financial statements

# KHADI LONDON CIC

## Notes to the Financial Statements

for the Period Ended 28 February 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

  Other accounting policies

  Investments: Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. Stocks: Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Debtors: Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors: Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation: A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

# KHADI LONDON CIC

## Notes to the Financial Statements

for the Period Ended 28 February 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# KHADI LONDON CIC

## Notes to the Financial Statements

for the Period Ended 28 February 2025

## 3. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 0 | 0
Amounts due under finance leases and hire purchase contracts | 0 | 0
Trade creditors | 81 | 141
Other creditors | 450 |
Total | 531 | 141

# COMMUNITY INTEREST ANNUAL REPORT

### KHADI LONDON CIC

### Company Number: 14664751 (England and Wales)

### Year Ending: 28 February 2025

Company activities and impact

CIC34 – Activities and Impact Summary (Feb 2024 – Feb 2025) 1. Circular Handspun Project Khadi London continued its collaboration with Where Does It Come From?, Khamir, and Conserve India as part of the Circular Handspun initiative, exploring the recycling of waste textiles through heritage khadi crafts of hand spinning and hand weaving. The project focused on social uplift, environmental impact, and the creation of luxury handcrafted fabrics and products. This first stage has been to explore a decentralised process for recycling waste fabrics. Waste pickers, spinners and weavers were directly benefited through training, knowledge exchange and earnings as participants in the exercise. As the exploration progresses further there is a potential for creating large scale benefits to local communities through scaling up and out across India and other countries globally. There are also environment benefits related to managing waste in situ rather than moving it elsewhere. The work was funded by the British Council and run by the University of the Arts London (FTTI). In December 2024, the project was showcased at the British Council in Delhi and at in February 2025 at Bharat Tex, a major government-run event in India. Members of the Khadi London team travelled to India both for Bharat Tex and to visit partner organisation Khamir in Gujarat. The project has created significant benefits for our stakeholders, including participation opportunities, international showcasing, and broader audience reach. UK Government representatives visited the project on two occasions. 2. Sanja Stories Collaboration Khadi London continued its involvement in the Sanja Stories initiative, contributing knowledge on heritage textiles and facilitating sourcing. The Sanja Stories team, including Khadi London, hosted a launch event in London and our team travelled to Jaipur, India to visit Mishika Crafts, where the garments will be made. We also met with Udyog Bharti during the India trip, who are producing the khadi denim fabric for the project. This collaboration strengthens our community-building work in the UK by engaging people with regenerative fibres, sustainable fashion, and heritage-crafted textiles. Our partners in India who are working on the fibre farming, fibre preparation, spinning, weaving and product development benefit not only through earnings but also through knowledge sharing, training and being part of a collaborative global team and transparent business model. As with Circular Handspun there are also environmental benefits through working with regenerative fibres and very low carbon production, which is preserving heritage skill at the same time. As the project continues into 2025-6 and the first productions are run, the benefits to our community will grow and widen. 3. Expansion of Consultancy Work To support long-term organisational sustainability, Khadi London expanded its consultancy services as a revenue-generation stream. This included a consultancy project with UK Pasture Leather for a major client. This work builds our professional capacity while reinforcing our mission to support regenerative and ethical textile systems. 4. Talks, Workshops and Skills Training Throughout the year, Khadi London delivered talks and practical workshops at a range of public and industry events, including Marangoni Regenerative Fashion Day and The Garden Museum. These sessions helped broaden public understanding of regenerative fibres, ethical craft, and sustainable value chains. We also purchased a number of peti-charkhas to assist in our hand spinning demonstrations. 5. UCL Student Collaboration We continued our annual collaboration with University College London (UCL). This year’s student project focused on exploring ways to expand and strengthen Khadi London’s consultancy offer. This partnership provides valuable learning opportunities for students while supporting our organisational development. 6. Building New University Partnerships Khadi London strengthened its relationship with UAL FTTI through the Circular Handspun project and engaged in promising discussions with a number of UK universities. These conversations explored potential collaborations to share knowledge about regenerative fibres and heritage textiles with students across disciplines and to collaborate on research. 7. Community Events Khadi London hosted several community-based activities during the year, including a picnic in Greenwich Park and a large group meal at the O2. These events help nurture and sustain the Khadi London community, supporting social connection and shared learning.

Consultation with stakeholders

Khadi London has a small group of advisors as representatives of our community. These people support the Directors as required with decision making and business facilitation. Khadi London also has a large community Whatsapp Group where we share news, discussions and information on projects and events. We endeavour to involve our community with all our projects, including as participants or through collecting and considering points of view. We hold many in person meet ups throughout the year which encourage informal discussion across a range of topics and ensure that there is an opportunity to feed in thoughts and ideas.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 November 2025

And signed on behalf of the board by:
Name: Jo Salter
Status: Director