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REGISTERED NUMBER: 09360237 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Heimdall Ventures Ltd |

| Heimdall Ventures Ltd (Registered number: 09360237) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Heimdall Ventures Ltd |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | S Gargiulo

| L Klemos

| C P Rading

| Miss A Burn

| REGISTERED OFFICE: | 16 Beaufort Court

| Admirals Way

| Docklands

| London

| E14 9XL

| REGISTERED NUMBER: | 09360237 (England and Wales)

| ACCOUNTANTS: | RBS Accountants Limited

| 16 Beaufort Court

| Admirals Way

| London

| Docklands

| London

| E14 9XL

| Heimdall Ventures Ltd (Registered number: 09360237) |

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | - |  | - |  |

Investments | 5 | - |  | 100 |  |

Investment property | 6 | 510,000 |  | 2,320,000 |  |

510,000 |  | 2,320,100 |  |

CURRENT ASSETS

Debtors | 7 | 7,821 |  | 58,983 |  |

Cash at bank | 890,435 |  | 263,782 |  |

898,256 |  | 322,765 |  |

CREDITORS

Amounts falling due within one year | 8 | 88,573 |  | 213,899 |  |

NET CURRENT ASSETS | 809,683 |  | 108,866 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,319,683 |  | 2,428,966 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (1,958 | ) | (977,981 | ) |

PROVISIONS FOR LIABILITIES | 10 | (10,241 | ) | (124,685 | ) |

NET ASSETS | 1,307,484 |  | 1,326,300 |  |

CAPITAL AND RESERVES

Called up share capital | 86,710 |  | 86,710 |  |

Share premium | 70,347 |  | 70,347 |  |

Non distributable reserve | 11 | 30,722 |  | 374,054 |  |

Retained earnings | 1,119,705 |  | 795,189 |  |

SHAREHOLDERS' FUNDS | 1,307,484 |  | 1,326,300 |  |

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

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

| Heimdall Ventures Ltd (Registered number: 09360237) |

Balance Sheet - continued

31 December 2025

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 15 April 2026 and were signed on its behalf by:

C P Rading - Director

| Heimdall Ventures Ltd (Registered number: 09360237) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Heimdall Ventures 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 as modified by the revaluation of certain assets.

| Tangible fixed assets

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

| Fixtures and fittings | - | 33% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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.

| Other operating income

| Other operating income relates to rental income from the freehold property owned by the company.

| Rental income is recognised in the period the rent is due.

| Pensions

| The company contributes to individual employee's workplace pension plans. Contributions payable are charged to the income statement in the period to which they relate to. The assets of the plan are held separately from those of the company in independently administered funds.

| Heimdall Ventures Ltd (Registered number: 09360237) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures

| and

| fittings

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 10,720 |  |

| DEPRECIATION

| At 1 January 2025

| and 31 December 2025 | 10,720 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | - |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025 | 100 |  |

| Disposals | (100 | ) |

| At 31 December 2025 | - |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | 100 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025 | 2,320,000 |  |

| Disposals | (1,810,000 | ) |

| At 31 December 2025 | 510,000 |  |

| NET BOOK VALUE

| At 31 December 2025 | 510,000 |  |

| At 31 December 2024 | 2,320,000 |  |

| Heimdall Ventures Ltd (Registered number: 09360237) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

6. | INVESTMENT PROPERTY - continued

| Fair value at 31 December 2025 is represented by:

£ |

| Valuation in 2018 | 40,963 |  |

| Cost | 469,037 |  |

510,000 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 5,116 |  | 5,553 |  |

| Amounts owed by group undertakings | - |  | 53,430 |  |

| Other debtors | 2,705 |  | - |  |

7,821 |  | 58,983 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 69 |  | 1,261 |  |

| Tax | 85,799 |  | 207,366 |  |

| Social security and other taxes | - |  | 336 |  |

| Other creditors | - |  | 2,748 |  |

| Accrued expenses | 2,705 |  | 2,188 |  |

88,573 |  | 213,899 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Directors loan account | 1,957 |  | 578,210 |  |

| Other loans more 5yrs non-inst | 1 |  | 399,771 |  |

1,958 |  | 977,981 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Directors loan account | 1,957 |  | 578,210 |  |

| Other loans more 5yrs non-inst | 1 |  | 399,771 |  |

1,958 |  | 977,981 |  |

| Heimdall Ventures Ltd (Registered number: 09360237) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

10. | PROVISIONS FOR LIABILITIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Deferred tax | 10,241 |  | 124,685 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 124,685 |  |

| Provided during year | (114,444 | ) |

| Balance at 31 December 2025 | 10,241 |  |

11. | RESERVES

| Non

| distributable

| reserve

£ |

| At 1 January 2025 | 374,054 |  |

| Net movements in property val | (343,332 | ) |

| At 31 December 2025 | 30,722 |  |

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

| 31.12.25 |  | 31.12.24

£ | £ |

| S Gargiulo

| Balance outstanding at start of year | 235,943 |  | 478,077 |  |

| Amounts repaid | (235,943 | ) | (242,134 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 235,943 |  |

| L Klemos

| Balance outstanding at start of year | 87,666 |  | 177,632 |  |

| Amounts repaid | (87,666 | ) | (89,966 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 87,666 |  |

| Heimdall Ventures Ltd (Registered number: 09360237) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| C P Rading

| Balance outstanding at start of year | 67,045 |  | 135,520 |  |

| Amounts repaid | (66,725 | ) | (68,475 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 320 |  | 67,045 |  |

| Miss A Burn

| Balance outstanding at start of year | 187,556 |  | 211,807 |  |

| Amounts repaid | (185,919 | ) | (24,251 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 1,637 |  | 187,556 |  |

13. | RELATED PARTY DISCLOSURES

| The directors of the company together control 71.00% of the shares of the company