Dowlis Global Limited

	Page
Strategic Report	1
Directors' Report	2
Independent Auditor's Report	3—4
Profit and Loss Account	5
Statement of Comprehensive Income	6
Balance Sheet	7
Statement of Changes in Equity	8
Notes to the Financial Statements	9—10

The directors present their report and the financial statements for the period ended 29 December 2024.

Directors

The directors who held office during the period were as follows:

R A Sowerby
D P Lynn	Resigned	12/11/2024
K C Doherty

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
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. They 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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, KRW Accountants Ltd, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

R A Sowerby

Director

4 December 2025

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Independent Auditor's Report

to the Members of

Dowlis Global Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Dowlis Global Limited for the period ended 29 December 2024 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 29 December 2024 and of its profit/(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 UK, including the FRC'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.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

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. In connection with our audit of the financial statements, 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 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.

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 Strategic Report and Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have 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 Strategic Report or 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 or 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.

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Independent Auditor's Report (continued)

to the Members of

Dowlis Global Limited

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2, 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:

• discussing with the directors and management their policies and procedures regarding compliance with laws and regulations;

• communicating identified laws and regulations throughout our engagement team and remaining alert to any indication of non-compliance throughout the audit; and

• considering the risk of acts by the company which were contrary to applicable laws and regulations including fraud.

Our audit procedures in relation to fraud included but were not limited to:

• making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;

• gaining an understanding on the internal controls established to mitigate risks related to fraud;

• addressing the risks of fraud through management override of controls by performing journal entry testing.

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

K R Witchell FCA FCCA CTA (Senior Statutory Auditor)

for and on behalf of KRW Accountants Ltd , Statutory Auditor

4 December 2025

KRW Accountants Ltd

Henge Barn Pury Hill Business Park

Alderton Road

Towcester

Northamptonshire

NN12 7LS

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Dowlis Global Limited

Profit and Loss Account

For the Period 30 June 2023 to 29 December 2024

Profit and Loss Account

		29 December 2024	29 June 2023
	Notes	£	£
Administrative expenses		(1,132 )	(272 )

OPERATING LOSS		(1,132 )	(272 )
Interest payable and similar charges	4	-	(1,247 )

LOSS FOR THE FINANCIAL PERIOD		(1,132 )	(1,519 )

The notes on pages 9 to 10 form part of these financial statements.

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Dowlis Global Limited

Statement of Comprehensive Income

For the Period 30 June 2023 to 29 December 2024

Statement of Comprehensive Income

	29 December 2024	29 June 2023
	£	£
LOSS FOR THE FINANCIAL PERIOD	(1,132 )	(1,519 )
OTHER COMPREHENSIVE INCOME FOR THE PERIOD	-	-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD	(1,132 )	(1,519 )

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Dowlis Global Limited

Balance Sheet

As At 29 December 2024

Balance Sheet

Registered number: 11300656

		29 December 2024		29 June 2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	5		2,626,003		2,626,003

			2,626,003		2,626,003
CURRENT ASSETS
Debtors	6	4,882,955		2,238,894
Cash at bank and in hand		-		1,102

		4,882,955		2,239,996
Creditors: Amounts Falling Due Within One Year	7	(2,644,091 )		-

NET CURRENT ASSETS (LIABILITIES)			2,238,864		2,239,996

TOTAL ASSETS LESS CURRENT LIABILITIES			4,864,867		4,865,999

NET ASSETS			4,864,867		4,865,999

CAPITAL AND RESERVES
Called up share capital	8		1,177,628		1,177,628
Share premium account			264,475		264,475
Profit and Loss Account			3,422,764		3,423,896

SHAREHOLDERS' FUNDS			4,864,867		4,865,999

On behalf of the board

R A Sowerby

Director

4 December 2025

The notes on pages 9 to 10 form part of these financial statements.

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Dowlis Global Limited

Statement of Changes in Equity

For the Period 30 June 2023 to 29 December 2024

Statement of Changes in Equity

	Share Capital	Share Premium	Profit and Loss Account	Total
	£	£	£	£
As at 30 June 2022	1,177,628	264,475	3,425,415	4,867,518
Loss for the year and total comprehensive income	-	-	(1,519 )	(1,519)

As at 29 June 2023 and 30 June 2023	1,177,628	264,475	3,423,896	4,865,999


Loss for the period and total comprehensive income	-	-	(1,132 )	(1,132)

As at 29 December 2024	1,177,628	264,475	3,422,764	4,864,867

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Dowlis Global Limited

Notes to the Financial Statements

For the Period 30 June 2023 to 29 December 2024

Notes to the Financial Statements

1. General Information

Dowlis Global Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11300656 . The registered office is Unit 2 Woking 8, Forsyth Road, Woking, GU21 5SB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d);
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

2.3. Exemption From Preparing Consolidated Financial Statements

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

2.4. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.5. Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method.

Dividends on equity securities are recognised in income when receivable.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL (2023: NIL)

4. Interest Payable and Similar Charges

	29 December 2024	29 June 2023
	£	£
Bank loans and overdrafts	-	1,247

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Dowlis Global Limited

Notes to the Financial Statements (continued)

For the Period 30 June 2023 to 29 December 2024

5. Investments

	Subsidiaries
	£
Cost
As at 30 June 2023	2,626,003

As at 29 December 2024	2,626,003

Provision
As at 30 June 2023	-

As at 29 December 2024	-

Net Book Value
As at 29 December 2024	2,626,003

As at 30 June 2023	2,626,003

6. Debtors

	29 December 2024	29 June 2023
	£	£
Due within one year
Amounts owed by group undertakings	4,882,955	2,238,894

7. Creditors: Amounts Falling Due Within One Year

	29 December 2024	29 June 2023
	£	£
Bank loans and overdrafts	30	-
Amounts owed to group undertakings	2,603,329	-
Accruals and deferred income	40,732	-

	2,644,091	-

8. Share Capital

	29 December 2024	29 June 2023
Allotted, called up and fully paid	£	£
1,177,628 Ordinary Shares of £ 1.00 each	1,177,628	1,177,628

9. Controlling Parties

The company's immediate parent undertaking is Dowllis Group Global Solutions Limited .

The ultimate parent undertaking is Dowllis Group Global Solutions Limited (incorporated in England & Wales). Its registered office is Unit 2, Woking 8, Forsyth Road, Woking, GU21 5SB .

Copies of the group accounts may be obtained from the company's registered office.

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