EthicalFin Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 06604512

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	5		9,943		9,943

			9,943		9,943
CURRENT ASSETS
Debtors	6	46,896		50,603
Cash at bank and in hand		9,226		283

		56,122		50,886
Creditors: Amounts Falling Due Within One Year	7	(14,531 )		(20,347 )

NET CURRENT ASSETS (LIABILITIES)			41,591		30,539

TOTAL ASSETS LESS CURRENT LIABILITIES			51,534		40,482

Creditors: Amounts Falling Due After More Than One Year	8		(21,085 )		(29,211 )

NET ASSETS			30,449		11,271

CAPITAL AND RESERVES
Called up share capital			170,000		170,000
Profit and Loss Account			(139,551 )		(158,729 )

SHAREHOLDERS' FUNDS			30,449		11,271

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EthicalFin Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Alessandro Mele

Director

10 April 2026

The notes on pages 4 to 6 form part of these financial statements.

1. General Information

EthicalFin Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06604512 . The registered office is 10 Scandia-Hus Business Park, Felcourt Road, East Grinstead, West Sussex, RH19 2LP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% straight-line
Computer Equipment	33.33% straight-line

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	134	10,303	10,437

As at 31 December 2025	134	10,303	10,437

Depreciation
As at 1 January 2025	134	10,303	10,437

As at 31 December 2025	134	10,303	10,437

...CONTINUED

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EthicalFin Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	-	-	-

As at 1 January 2025	-	-	-

5. Investments

	Listed	Unlisted	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	6,848	9,943	16,791
Additions	-	5	5
Disposals	-	(5 )	(5 )

As at 31 December 2025	6,848	9,943	16,791

Provision
As at 1 January 2025	6,848	-	6,848

As at 31 December 2025	6,848	-	6,848

Net Book Value
As at 31 December 2025	-	9,943	9,943

As at 1 January 2025	-	9,943	9,943

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	25,088	25,000
Amounts owed by participating interests	20,010	20,010
Other debtors	1,798	5,593

	46,896	50,603

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,689	3,880
Bank loans and overdrafts	7,011	7,453
Other creditors	4,561	1,974
Taxation and social security	270	7,040

	14,531	20,347

Within other creditors is a loan of £1,066 (2024 - £1,066) for which security has been provided over certain assets of the company.

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	21,085	29,211

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EthicalFin Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Related Party Transactions

Included within other creditors is an amount of £2,010 (2024: (£870)) owed to/(from) the directors. The amount is interest free and payable on demand.

Included within other debtors is an amount of £20,010 (2024: £20,010) due from an entity under common control. The amount is interest free and repayable on demand.

Page 6

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 January 2024	170,000	(134,795 )	35,205
Loss for the year and total comprehensive income	-	(23,934 )	(23,934)

As at 31 December 2024 and 1 January 2025	170,000	(158,729 )	11,271


Profit for the year and total comprehensive income	-	19,178	19,178

As at 31 December 2025	170,000	(139,551 )	30,449