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REGISTERED NUMBER: 08709075 (England and Wales)

Financial Statements

for the Year Ended 30 September 2025

for

EM COMMODITIES UK LIMITED

EM COMMODITIES UK LIMITED (REGISTERED NUMBER: 08709075) |

Contents of the Financial Statements

for the year ended 30 September 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| EM COMMODITIES UK LIMITED |

Company Information

for the year ended 30 September 2025

| Directors: | L C Muir

| P J F Muir

| Registered office: | 3rd Floor

| 86 - 90 Paul Street

| London

| EC2A 4NE

| Registered number: | 08709075 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| Broadwalk House, 5th Floor

| 5 Appold Street

| Broadgate

| London

| EC2A 2AG

EM COMMODITIES UK LIMITED (REGISTERED NUMBER: 08709075) |

Balance Sheet

30 September 2025

2025 | 2024 |

| Notes | £ | £

Current assets

Debtors | 4 | 80,640 |  | 129,320 |  |

Cash at bank | 30,525 |  | 43,566 |  |

111,165 |  | 172,886 |  |

Creditors

Amounts falling due within one year | 5 | 81,348 |  | 138,569 |  |

Net current assets | 29,817 |  | 34,317 |  |

Total assets less current liabilities | 29,817 |  | 34,317 |  |

Creditors

Amounts falling due after more than one year | 6 | 23,091 |  | 28,092 |  |

Net assets | 6,726 |  | 6,225 |  |

Capital and reserves

Called up share capital | 100 |  | 100 |  |

Retained earnings | 6,626 |  | 6,125 |  |

6,726 |  | 6,225 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2026 and were signed on its behalf by:

P J F Muir - Director

EM COMMODITIES UK LIMITED (REGISTERED NUMBER: 08709075) |

Notes to the Financial Statements

for the year ended 30 September 2025

1. | Statutory information

| EM Commodities UK Limited 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Set out below is a summary of the principal accounting policies, all of which have been applied consistently throughout the year and the preceding year (except as otherwise stated).

| Significant judgements and estimates

| In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The director's judgements, estimated and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

| Critical judgements in applying the Company's accounting policies

| The critical judgement that the director has made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below:

| (i) Assessing indicators and impairment

| In assessing whether there have been any indicators or impairment assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience or recoverability. There have been no indicators or impairments identified during the current financial year.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

| 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.

EM COMMODITIES UK LIMITED (REGISTERED NUMBER: 08709075) |

Notes to the Financial Statements - continued

for the year ended 30 September 2025

2. | Accounting policies - continued

| 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.

| Going concern

| The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

| Financial instruments

| Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

| Financial assets / liabilities - classified as basic financial instruments

| (i) Cash and cash equivalents

| This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

| (ii) Trade and other receivables

| Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

| At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

| (iii) Trade and other payables and loans and borrowings

| Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method.

3. | Employees and directors

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | Debtors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Other debtors | 79,363 |  | 18,360 |  |

| VAT | 927 |  | - |  |

| Prepayments and accrued income | 350 |  | 110,960 |  |

80,640 |  | 129,320 |  |

EM COMMODITIES UK LIMITED (REGISTERED NUMBER: 08709075) |

Notes to the Financial Statements - continued

for the year ended 30 September 2025

5. | Creditors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 5,000 |  | 5,000 |  |

| Tax | 76,348 |  | 128,061 |  |

| VAT | - |  | 5,508 |  |

81,348 |  | 138,569 |  |

6. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

| £ | £

| Bank loans - 1-2 years | 5,000 |  | 5,000 |  |

| Bank loans - 2-5 years | 15,000 |  | 15,000 |  |

| Bank loans more 5 yr by instal | 3,091 |  | 8,092 |  |

23,091 |  | 28,092 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 3,091 |  | 8,092 |  |