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Registration number: 13415200

SBL Crypto Limited
Unaudited Filleted Financial Statements
for the Year Ended 6 April 2025

SBL Crypto Limited

Contents

Company Information | 1
Director's Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 9

SBL Crypto Limited

Company Information

Director | Mr William Stott

Registered office | 6 East Point High Street Seal Sevenoaks Kent TN15 0EG

SBL Crypto Limited

Director's Report for the Year Ended 6 April 2025

The director presents his report and the financial statements for the year ended 6 April 2025.

Director of the company

The director who held office during the year was as follows:

Mr William Stott

Principal activity

The principal activity of the company is investment in cryptocurrency.

Going concern

The Director has confirmed that funding is in place on a rolling basis to allow the company to continue with its operating activity for the next twelve months.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 5 January 2026

......................................... Mr William Stott Director

SBL Crypto Limited

(Registration number: 13415200)
Balance Sheet as at 6 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 1,816,894 | 2,724,808
Tangible assets | 5 | 991 | 1,321
|  | 1,817,885 | 2,726,129
Current assets |  |  |
Debtors | 6 | 8,914 | 5,111
Other financial assets |  | - | 224,062
Cash at bank and in hand |  | - | 54,426
|  | 8,914 | 283,599
Creditors: Amounts falling due within one year | 7 | (2,629,462) | (3,126,101)
Net current liabilities |  | (2,620,548) | (2,842,502)
Net liabilities |  | (802,663) | (116,373)
Capital and reserves |  |  |
Called up share capital | 8 | 1 | 1
Retained earnings / (accumulated deficit) |  | (802,664) | (116,374)
Shareholders' deficit |  | (802,663) | (116,373)

For the financial year ending 6 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 5 January 2026

......................................... Mr William Stott Director

SBL Crypto Limited

Notes to the Unaudited Financial Statements for the Year Ended 6 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 East Point
High Street
Seal
Sevenoaks
Kent
TN15 0EG

These financial statements were authorised for issue by the director on 5 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

SBL Crypto Limited

Notes to the Unaudited Financial Statements for the Year Ended 6 April 2025

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance

Intangible assets

The Company adopts an accounting policy of holding its intangible assets at cost less impairment. There is considerable volatility in the values of its holdings of intangible cryptocurrency assets making accounting for holding those assets at fair value through profit & loss subject to short term fluctuations. Given the intention of the Company to hold those investments for the longer term, it is felt that an accounting policy of cost less impairment represents a better portrayal of the state of the Company's assets.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Other Intangible assets | No amortisation provided

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

SBL Crypto Limited

Notes to the Unaudited Financial Statements for the Year Ended 6 April 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 1).

SBL Crypto Limited

Notes to the Unaudited Financial Statements for the Year Ended 6 April 2025

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
At 7 April 2024 | 2,980,021 | 2,980,021
Additions acquired separately | 806,351 | 806,351
Disposals | (1,267,109) | (1,267,109)
At 6 April 2025 | 2,519,263 | 2,519,263
Amortisation
At 7 April 2024 | 255,213 | 255,213
Impairment | 447,156 | 447,156
At 6 April 2025 | 702,369 | 702,369
Carrying amount
At 6 April 2025 | 1,816,894 | 1,816,894
At 6 April 2024 | 2,724,808 | 2,724,808

5 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 7 April 2024 | 1,762 | 1,762
At 6 April 2025 | 1,762 | 1,762
Depreciation
At 7 April 2024 | 441 | 441
Charge for the year | 330 | 330
At 6 April 2025 | 771 | 771
Carrying amount
At 6 April 2025 | 991 | 991
At 6 April 2024 | 1,321 | 1,321

SBL Crypto Limited

Notes to the Unaudited Financial Statements for the Year Ended 6 April 2025

6 | Debtors

| Note | 2025 £ | 2024 £
Income tax asset |  | 8,914 | 5,111
|  | 8,914 | 5,111

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | - | 174,426
Accruals and deferred income |  | 15,072 | 13,280
Other creditors |  | 2,614,390 | 2,938,395
|  | 2,629,462 | 3,126,101

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1 | 1 | 1 | 1

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | - | 174,426

Other borrowings

Other loans is denominated in US dollars with a nominal interest rate of %. The carrying amount at year end is £Nil (2024 - £174,426). Interest bearing loans secured against the crypto being traded have been drawn down. These loans are notionally repayable within one year.

SBL Crypto Limited

Notes to the Unaudited Financial Statements for the Year Ended 6 April 2025

10 | Related party transactions

Summary of transactions with other related parties

Owner with participating interest
The transactions with the Owner with a Participating Interest were concluded on arm's length terms.
The amount owed to the Owner with a Participating Interest was unsecured, interest free and repayable on demand.

Expenditure with and payables to related parties

2025 | Other related parties £
Rendering of services | 450
Settlement of liabilities | 23,805
| 24,255

2024 | Other related parties £
Purchase of goods | 1,762
Rendering of services | 450
Settlement of liabilities | 2,860
| 5,072

Loans from related parties

2025 | Other related parties £ | Total £
At start of period | 2,938,397 | 2,938,397
Advanced | 202,896 | 202,896
Repaid | (526,901) | (526,901)
At end of period | 2,614,392 | 2,614,392

2024 | Other related parties £ | Total £
At start of period | 3,151,617 | 3,151,617
Advanced | 109,652 | 109,652
Repaid | (322,872) | (322,872)
At end of period | 2,938,397 | 2,938,397