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REGISTERED NUMBER: OC420092 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

FABRIC VENTURES LLP

| FABRIC VENTURES LLP (REGISTERED NUMBER: OC420092) |

Contents of the Financial Statements

for the year ended 31 March 2025

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| FABRIC VENTURES LLP |

General Information

for the year ended 31 March 2025

| Designated members: | Fabric Ventures Group Sarl

| R M Muirhead

| Registered office: | 58 Wood Lane

| London

| W12 7RZ

| Registered number: | OC420092 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| Broadwalk House, 5th Floor

| 5 Appold Street

| Broadgate

| London

| EC2A 2AG

| FABRIC VENTURES LLP (REGISTERED NUMBER: OC420092) |

Balance Sheet

31 March 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

Fixed assets

Tangible assets | 4 | 5,709 |  | 13,292 |  |

Current assets

Debtors | 5 | 3,427,433 |  | 3,201,453 |  |

Cash at bank | 59,565 |  | 105,736 |  |

3,486,998 |  | 3,307,189 |  |

Creditors

Amounts falling due within one year | 6 | 156,590 |  | 213,025 |  |

Net current assets | 3,330,408 |  | 3,094,164 |  |

Total assets less current liabilities | 3,336,117 |  | 3,107,456 |  |

Creditors

Amounts falling due after more than one year | 7 | 3,336,117 |  | 3,107,456 |  |

Net liabilities attributable to members | - |  | - |  |

Loans and other debts due to members | - |  | - |  |

Total members' interests

Amounts due from members | 5 | (4,629,977 | ) | (5,658,004 | ) |

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 December 2025 and were signed by:

R M Muirhead - Designated member

| FABRIC VENTURES LLP (REGISTERED NUMBER: OC420092) |

Notes to the Financial Statements

for the year ended 31 March 2025

1. | Statutory information

| Fabric Ventures LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 33% on cost

| Computer equipment | - | 33% on cost

| Financial instruments

| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

| Foreign currencies

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

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

| Going concern

| The members have a reasonable expectation that the business has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements. The members will continue to support the business financially until it is self-sufficient.

| FABRIC VENTURES LLP (REGISTERED NUMBER: OC420092) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

3. | Employee information

| The average number of employees during the year was 3 (2024 - 7 ) .

4. | Tangible fixed assets

Plant and | Computer |

machinery | equipment | Totals |

| £ | £ | £

| Cost

| At 1 April 2024 | 4,362 |  | 38,111 |  | 42,473 |  |

| Additions | - |  | 1,815 |  | 1,815 |  |

| Disposals | (3,582 | ) | (21,050 | ) | (24,632 | ) |

| At 31 March 2025 | 780 |  | 18,876 |  | 19,656 |  |

| Depreciation

| At 1 April 2024 | 3,245 |  | 25,936 |  | 29,181 |  |

| Charge for year | 808 |  | 8,590 |  | 9,398 |  |

| Eliminated on disposal | (3,582 | ) | (21,050 | ) | (24,632 | ) |

| At 31 March 2025 | 471 |  | 13,476 |  | 13,947 |  |

| Net book value

| At 31 March 2025 | 309 |  | 5,400 |  | 5,709 |  |

| At 31 March 2024 | 1,117 |  | 12,175 |  | 13,292 |  |

5. | Debtors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Trade debtors | 13,695 |  | 810 |  |

| Other debtors | 3,413,738 |  | 3,200,643 |  |

3,427,433 |  | 3,201,453 |  |

6. | Creditors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 5,763 |  | 7,152 |  |

| Trade creditors | 112,600 |  | 18,220 |  |

| Taxation and social security | - |  | 22,192 |  |

| Other creditors | 38,227 |  | 165,461 |  |

156,590 |  | 213,025 |  |

7. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

| £ | £

| Bank loans | - |  | 5,167 |  |

| Other creditors | 3,336,117 |  | 3,102,289 |  |

3,336,117 |  | 3,107,456 |  |