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REGISTERED NUMBER: 08239458 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

DIAMONDS & DIAMONDS LTD

DIAMONDS & DIAMONDS LTD (REGISTERED NUMBER: 08239458)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

DIAMONDS & DIAMONDS LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST OCTOBER 2024

| DIRECTOR: | K Aswani

| REGISTERED OFFICE: | 1 Doughty Street

| London

| WC1N 2PH

| REGISTERED NUMBER: | 08239458 (England and Wales)

DIAMONDS & DIAMONDS LTD (REGISTERED NUMBER: 08239458)

BALANCE SHEET

31ST OCTOBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,291 |  | 2,864 |  |

CURRENT ASSETS

Stocks | 190,116 |  | 187,328 |  |

Debtors | 5 | 9,332 |  | 78,767 |  |

Cash at bank | 1,338 |  | 679 |  |

200,786 |  | 266,774 |  |

CREDITORS

Amounts falling due within one year | 6 | 137,329 |  | 191,602 |  |

NET CURRENT ASSETS | 63,457 |  | 75,172 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 65,748 |  | 78,036 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 317,977 |  | 345,957 |  |

NET LIABILITIES | (252,229 | ) | (267,921 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 1 |  | 1 |  |

Retained earnings | (252,230 | ) | (267,922 | ) |

SHAREHOLDERS' FUNDS | (252,229 | ) | (267,921 | ) |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18th February 2026 and were signed by:

K Aswani - Director

DIAMONDS & DIAMONDS LTD (REGISTERED NUMBER: 08239458)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

1. | STATUTORY INFORMATION

| Diamonds & Diamonds Ltd 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.

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.

| 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 etc | - | 20% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1st November 2023

| and 31st October 2024 | 14,855 |  |

| DEPRECIATION

| At 1st November 2023 | 11,991 |  |

| Charge for year | 573 |  |

| At 31st October 2024 | 12,564 |  |

| NET BOOK VALUE

| At 31st October 2024 | 2,291 |  |

| At 31st October 2023 | 2,864 |  |

DIAMONDS & DIAMONDS LTD (REGISTERED NUMBER: 08239458)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2024

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

2024 | 2023 |

£ | £ |

| Trade debtors | 9,332 |  | 67,466 |  |

| Other debtors | - |  | 11,301 |  |

9,332 |  | 78,767 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 9,700 |  | 9,700 |  |

| Trade creditors | 27,540 |  | 75,531 |  |

| Taxation and social security | 12,179 |  | - |  |

| Other creditors | 87,910 |  | 106,371 |  |

137,329 |  | 191,602 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans | 9,700 |  | 19,400 |  |

| Other creditors | 308,277 |  | 326,557 |  |

317,977 |  | 345,957 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 1 | Ordinary | £1.00 | 1 |  | 1 |  |

9. | RELATED PARTY DISCLOSURES

| Loans payable to related parties at the year end amounted to £317,954 (2023: £303,148).

10. | ULTIMATE CONTROLLING PARTY

| The controlling party is K Aswani.