REGISTERED NUMBER: 13814455 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Emerix Global Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms C M Iamartino

L D Pettina Goobar

REGISTERED OFFICE:

Innovation Centre

Gallows Hill

Warwick

Warwickshire

CV34 6UW

REGISTERED NUMBER:

13814455 (England and Wales)

FIXED ASSETS

Investments

4

550,027

277,816

CURRENT ASSETS

Debtors

5

574,338

591,924

Cash at bank and in hand

306,982

44,981

881,320

636,905

CREDITORS

Amounts falling due within one year

6

393,594

294,704

NET CURRENT ASSETS

487,726

342,201

TOTAL ASSETS LESS CURRENT LIABILITIES

1,037,753

620,017

CREDITORS

Amounts falling due after more than one year

7

1,989,216

1,950,051

NET LIABILITIES

(951,463

)

(1,330,034

)

RESERVES

Share premium

400,000

-

Other reserves

(93,148

)

(365,359

)

Retained earnings

(1,258,315

)

(964,675

)

SHAREHOLDERS' FUNDS

(951,463

)

(1,330,034

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

L D Pettina Goobar - Director

1.	STATUTORY INFORMATION

Emerix 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.

The presentation currency of the financial statements is the US Dollar ($).

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.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements in conformity with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of 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 the notes to the financial statements where applicable. There are no such significant judgements or estimates in the current year or prior year.

Going concern

The accounts have been prepared on a going concern basis, which assumes that the company will continue to trade for at least one year from the date of approval of these financial statements by the directors and thereafter for the foreseeable future. The directors consider it appropriate to prepare the financial statements on this basis since the company's investors will provide sufficient funds to enable the company to meet its day to day working capital requirements. The financial statements do not include any judgement that would result from a withdrawal of the support by the investors.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial assets

The company's financial assets include cash which is classified as loans and receivables.

Initial recognition and measurement

Financial assets within the scope of IAS 39 Financial Instruments: Recognition and Measurement are classified as financial assets as loans and receivables. The company determines the classification of its financial assets at initial recognition. All financial assets are recognised initially at fair value plus directly attributable transaction costs.

Subsequent measurement

The subsequent measurement of financial assets classified as loans and receivables is as follows:

Loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and subsequently measured at amortised cost using the effective interest rate (EIR) method, less impairment. Amortised cost is calculated by taking into account ant discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortisation is included in finance revenue in the income statement. The losses arising from impairment are recognised in the income statement in other operating expenses.

Derecognition of financial assets

A financial asset is derecognised when (i) the rights to receive cash flows from the asset have expired or (ii) the company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a "pass through" arrangement; and either (a) the company has transferred substantially all the risks and rewards of the asset, or (b) the company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.

Financial liabilities

The company's financial liabilities include amounts due to group undertakings. These meet the definition of an 'other liability' under IAS 39: Financial Instruments: Recognition and Measurement which requires that these liabilities are initially measured at fair value and subsequently at amortised cost using the effective interest method (EIR).

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

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

Investments

Investments in business combinations are initially recognised at cost of investment and subsequently valued using the equity method.

Consolidation

In accordance with section 401 of the Companies Act 2006, the company is not required to produce consolidated financial statements. These financial statements present information about the company as an an individual undertaking and not about its group.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

$

COST

At 1 January 2024

277,816

Share of profit/(loss)

272,211

At 31 December 2024

550,027

NET BOOK VALUE

At 31 December 2024

550,027

At 31 December 2023

277,816

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Company

Country

Ownership

Dailor SAS

Argentina

100.00%

Baxian SA

Chile

99.60%

Emerix Latam SA

Mexico

99.00%

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

$

$

Other debtors

574,338

591,924

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

$

Taxation and social security

28,488

13,244

Other creditors

365,106

281,460

393,594

294,704

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

$

$

Other creditors

1,989,216

1,950,051