HYGGLO LTD


Directors	DEGERFORS, Ola Per
	HELLSTRÖM, Per Axel Torgnyson


Registered Address	Arquen House
	4-6 Spicer Street
	St. Albans
	AL3 4PQ


Registered Number	09927338 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Current assets
Debtors	4	161,017		46,379
Cash at bank and on hand		24,812		87,884
		185,829		134,263
Creditors amounts falling due within one year	5	(8,150,072)		(8,491,613)
Net current assets (liabilities)			(7,964,243)		(8,357,350)
Total assets less current liabilities			(7,964,243)		(8,357,350)
Creditors amounts falling due after one year	6		-		(7,691)
Net assets			(7,964,243)		(8,365,041)
Capital and reserves
Called up share capital			14		14
Share premium			1,084,299		1,084,299
Profit and loss account			(9,048,556)		(9,449,354)
Shareholders' funds			(7,964,243)		(8,365,041)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 21 April 2026, and are signed on its behalf by:

DEGERFORS, Ola Per
Director
Registered Company No. 09927338

HYGGLO LTD

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The financial statements have been prepared on a going concern basis notwithstanding that the company had a deficiency in shareholders' funds at the period end. The directors consider this basis appropriate as the company expects to continue generating sales and the immediate parent company, Fat Llama Inc., and the ultimate parent company, Hygglo AB, will provide financial support if required to enable the company to continue trading for a period of at least twelve months from the date of approval of the financial statements.

Going concern

The financial statements have been prepared on a going concern basis notwithstanding that the company had a deficiency in shareholders' funds at the period end. The directors consider this basis appropriate as the company expects to continue generating sales and the immediate parent company, Fat Llama Inc., and the ultimate parent company, Hygglo AB, will provide financial support if required to enable the company to continue trading for a period of at least twelve months from the date of approval of the financial statements.

	Turnover policy
	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 rendering of goods.

	Defined contribution pension plan
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	4

	Government grants or assistance
	Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	9		8

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 25	41,369	41,369
At 31 December 25	41,369	41,369
Depreciation and impairment
At 01 January 25	41,369	41,369
At 31 December 25	41,369	41,369
Net book value
At 31 December 25	-	-
At 31 December 24	-	-

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	160,956	-
Other debtors	-	31,459
Prepayments and accrued income	61	14,920
Total	161,017	46,379


	At the balance sheet date, the company was owed £5,964 (2024: nil) from a company controlled by the ultimate parent company, Hygglo ApS and £154,992 (2024: nil) from another company controlled by the ultimate parent company, Hygglo OY. The loans are unsecured, interest-free, and repayable on demand.

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,009	34,936
Bank borrowings and overdrafts	5,833	10,000
Amounts owed to related parties	8,082,493	8,381,448
Taxation and social security	58,626	60,987
Other creditors	2,111	3,313
Accrued liabilities and deferred income	-	929
Total	8,150,072	8,491,613


	At the balance sheet date, the company owed £7,924,283 to its parent company Fat Llama Inc and £158,211 to its ultimate parent company, Hygglo AB. As at 31 December 2024 the balance owed to Fat Llama Inc and Hygglo AB was £8,381,448. The loans are unsecured, interest free, and repayable on demand. Included in bank borrowings and overdrafts due within one year is a bank loan of £5,833 (2024: £10,000) that relates to the Coronavirus Outbreak Bounceback Loan. Interest is accrued at the rate of 2.5% per annum.

At the balance sheet date, the company owed £7,924,283 to its parent company Fat Llama Inc and £158,211 to its ultimate parent company, Hygglo AB. 

As at 31 December 2024 the balance owed to Fat Llama Inc and Hygglo AB was £8,381,448.

The loans are unsecured, interest free, and repayable on demand.

Included in bank borrowings and overdrafts due within one year is a bank loan of £5,833 (2024: £10,000) that relates to the Coronavirus Outbreak Bounceback Loan. Interest is accrued at the rate of 2.5% per annum.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	7,691
Total	-	7,691


	Included in bank borrowings and overdrafts due after one year is a bank loan of £nil (2024: £7,691) that relates to the Coronavirus Outbreak Bounceback Loan. Interest is accrued at the rate of 2.5% per annum.

7.	Related party transactions
	During the year, the company paid a management fee of £443,062 (2024: £379,212) to its ultimate parent company in respect of the administrative, system and management services provided during the year.