Deblock Ltd

​Directors

A M Beck
J R A Meyer
A E Restrepo Celis
M D F Kent (resigned 14-10-2025)
R K Kniaz (resigned 10-11-2025)
K L Hill (resigned 10-11-2025)
D R Wilhelm (appointed 14-10-2024)
T F Lesche (appointed 10-11-2025)
P M T Da Mota (appointed 10-11-2025)

Accountants

Rosebay Avenue Limited
​​
28 Baddow Road​
​
​
Chelmsford​
​
CM2 0DG​

The Directors present​​ their​ report and the financial statements for the year ended 31 December 2024.

The Directors​ who served during the year:

A M Beck

J R A Meyer

A E Restrepo Celis

K L Hill (resigned 10-11-2025)

M D F Kent (resigned 14-10-2025)

R K Kniaz (resigned 10-11-2025)
D R Wilhelm (appointed 14-10-2024)

T F Lesche (appointed 10-11-2025)

P M T Da Mota (appointed 10-11-2025)

Fundraising

During November 2025 the Company issued 636,229 Series A Preferred shares at £42.4743 per share. This fundraising round added £636 share capital and £27,022,745 share premium to the Company's reserves.

This report was approved by the board and signed on its behalf:

Date: 16 December 2025 

In order to assist you to fulfil your duties under the Companies Act 2006, we​ have prepared for your approval​​ the financial statements of Deblock Ltd for the year ended 31 December 2024 which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm​​ of the Institute of Chartered Accountants in England and Wales, we are​​ subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation​.

It is your duty to ensure that Deblock Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Deblock Ltd. You consider that Deblock Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the financial statements of Deblock Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made to the board of Directors​ of Deblock Ltd, as a body​, in accordance with the terms of accountants' engagement letter dated 12 November 2025​. Accountants' work has been undertaken so that the we might compile the financial statements that we have been engaged to compile, report to the Company's board of Directors that we have done so​​ and state those matters that we​​ have agreed to state to them​​​​​ in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we​ do not accept or assume responsibility to anyone other than Deblock Ltd and its board of Directors, as a body, for accountants' work or for this report.

Rosebay Avenue Limited​

​

28 Baddow Road​​

Chelmsford

CM2 0DG​

16th December 2025​

For the year​ ending 31 December 2024, the Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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 Companies Act 2006 with respect to accounting records and the preparation of financial statements

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf:

Date: 16 December 2025 

The notes 9 on to 13 form part of these financial statements.

Deblock Ltd is a private company limited by shares and incorporated and registered in England and Wales. The Company's registered number is 14275373. The address of the registered office is Peer House 8‑14 Verulam Street, 2nd Floor, London, WC1X 8LZ.

The Company was incorporated on 3 August 2022 and as such the prior year's reporting period covers from incorporation to 31 December 2023.

The Company's principal activity during the period was that of a holding company, and it is expected that the Company will continue to operate as a holding company for the foreseeable future. The Company's subsidiary undertakings are shown in note 5 to the financial statements.

The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with ​Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's​ accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 3.

The Company's functional and presentational currency is the Pound Sterling.

The Company has taken advantage of the following disclosure exemptions in preparing its ​​​​financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and the group are considered eligible for the exemption from preparing consolidated accounts.

These financial statements are prepared on the going concern basis which the Directors consider to be appropriate for the reasons set out below.

The Company had net current assets of £19,659,285 (2023: £8,130,952) at the Statement of Financial Position date. In making their going concern assessment the Directors have considered the future financial performance and liquidity of the company for a period in excess of 12 months from the date of authorisation of these financial statements.

The Directors, having considered the above, are of the opinion that the company has adequate financial resources to continue in operational existence for at least 12 months from the date of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short‑term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

In applying the Company’s accounting policies the directors are required to make significant judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors’ judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. The items in the financial statements where these judgments and estimates have been made include:

The Company estimates the allowance for doubtful intra‑group debtors based on assessment of specific accounts where the Company has objective evidence comprising default in payment terms or significant financial difficulty that certain group undertakings are unable to meet their financial obligations. In these cases, judgement used was based on the best available facts and circumstances including but not limited to, the length of the relationship.

Assessing indicators of impairment

At each reporting date investments are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss. If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

The Company had no commitments under non‑cancellable operating leases at the reporting date.

Share capital

Share capital represents the nominal value of the shares issued.

This reserve represents the amount above the nominal value received for issued share capital, less transaction costs.

This includes all current and prior period retained profits and losses.

No related party transactions occured during the 2024 financial year (2023: £nil).

During November 2025 the Company issued 636,229 Series A Preferred shares at £42.4743 per share. This fundraising round added £636 share capital and £27,022,745 share premium to the Company's reserves.