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REGISTERED NUMBER: 09063109

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

MILU VENTURES LTD

| MILU VENTURES LTD (REGISTERED NUMBER: 09063109) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

| Statement of Financial Position | 1 |

| Notes to the Financial Statements | 2 |

| MILU VENTURES LTD (REGISTERED NUMBER: 09063109) |

STATEMENT OF FINANCIAL POSITION

31 JULY 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 5 | 6,428,596 |  | 6,398,635 |  |

Cash at bank | 13,613 |  | 32,000 |  |

6,442,209 |  | 6,430,635 |  |

CREDITORS

Amounts falling due within one year | 6 | (768,611 | ) | (820,142 | ) |

NET CURRENT ASSETS | 5,673,598 |  | 5,610,493 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,673,598 |  | 5,610,493 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (5,200,000 | ) | (5,200,000 | ) |

NET ASSETS | 473,598 |  | 410,493 |  |

CAPITAL AND RESERVES

Called up share capital | 3 |  | 3 |  |

Retained earnings | 473,595 |  | 410,490 |  |

473,598 |  | 410,493 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2026 and were signed on its behalf by:

S Shlewet - Director

| MILU VENTURES LTD (REGISTERED NUMBER: 09063109) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | GENERAL INFORMATION

| The company is a private limited company (limited by shares), which is incorporated and domiciled in England and Wales. The registered offices is 2nd Floor, 55 Ludgate Hill, London, EC4M 7JW.

| The principal activity of the company is that of lending.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland 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 judgment in applying the Company's accounting policies.

| The following principal accounting policies have been applied:

| Going concern

| The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of bank facilities and mitigating actions that can be taken during the period, including confirming that the related party creditor will not call in its balance if the company doesn't have the funds to pay it within the next 12 months.

| Turnover

| Turnover comprises of interest received or receivable on amounts lent to other companies. The interest is charged at market rate.

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

| Depreciation is provided on the following basis:

| Office furniture and equipment – 20% straight line

| Taxation

| Tax is recognised in the Statement of income and retained earnings.

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

| Pensions

| Defined contribution pension plan

| The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

| The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

| MILU VENTURES LTD (REGISTERED NUMBER: 09063109) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Debtors

| Short term debtors are measured at transactions price, less any impairment.

| Creditors

| Short and long term creditors are measured at the transaction price.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| Cost

| At 1 August 2024

| and 31 July 2025 | 13,183 |  |

| Depreciation

| At 1 August 2024

| and 31 July 2025 | 13,183 |  |

| Net book value

| At 31 July 2025 | - |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 6,136,215 |  | 6,106,010 |  |

| Other debtors | 292,381 |  | 292,625 |  |

6,428,596 |  | 6,398,635 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other loans | 765,000 |  | 800,000 |  |

| Corporation tax | (3,235 | ) | 12,897 |  |

| Other creditors | 46 |  | 45 |  |

| Accrued expenses | 6,800 |  | 7,200 |  |

768,611 |  | 820,142 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | 5,200,000 |  | 5,200,000 |  |

8. | PENSION COMMITMENTS

| The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £161 (2024 - £212). Contributions totalling £46 (2024 - £45) were payable to the fund at the reporting date and are included in creditors.

| MILU VENTURES LTD (REGISTERED NUMBER: 09063109) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

9. | RELATED PARTY TRANSACTIONS

| Amounts due from companies controlled by directors, included in amounts due from related parties, totalled £6,136,215 (2024: £6,106,010).

| Amounts due to directors, included in other creditors due within one year, totalled £765,000 (2024: £800,000). The loan is interest free and repayable on demand.

| Amounts due to close family of directors, included in other creditors due after more than one year, totalled £5,200,000 (2024: £5,200,000). The loan is interest free and is repayable in August 2027.