WORLD SPICE MUSEUM CIC

Company limited by guarantee

Company Registration Number:
15087648 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2025

Period of accounts

Start date: 1 September 2024

End date: 31 August 2025

WORLD SPICE MUSEUM CIC

Contents of the Financial Statements

for the Period Ended 31 August 2025

Directors report
Balance sheet
Additional notes
Community Interest Report

WORLD SPICE MUSEUM CIC

Directors' report period ended 31 August 2025

The directors present their report with the financial statements of the company for the period ended 31 August 2025

Principal activities of the company

The company was incorporated on 22 August 2023 and has been dormant since that date.



Directors

The directors shown below have held office during the whole of the period from
1 September 2024 to 31 August 2025

B Boyd
W Joseph
J Pitt


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 May 2026

And signed on behalf of the board by:
Name: B Boyd
Status: Director

WORLD SPICE MUSEUM CIC

Balance sheet

As at 31 August 2025

Notes 2025 2024


£

£
Current assets
Cash at bank and in hand: 1 1
Total current assets: 1 1
Net current assets (liabilities): 1 1
Total assets less current liabilities: 1 1
Total net assets (liabilities): 1 1
Members' funds
Profit and loss account: 1 1
Total members' funds: 1 1

The notes form part of these financial statements

WORLD SPICE MUSEUM CIC

Balance sheet statements

For the year ending 31 August 2025 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 21 May 2026
and signed on behalf of the board by:

Name: B Boyd
Status: Director

The notes form part of these financial statements

WORLD SPICE MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WORLD SPICE MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 3 3

COMMUNITY INTEREST ANNUAL REPORT

WORLD SPICE MUSEUM CIC

Company Number: 15087648 (England and Wales)

Year Ending: 31 August 2025

Company activities and impact

The principal activity of the Company during the year was the development and promotion of cultural heritage initiatives centred on the spice industry and its historical and global significance. The Company continued to advance the concept of the World Spice Museum, with a focus on establishing a sustainable and accessible platform for education, cultural exchange, and economic participation. During the year, the Company prioritised the implementation of a virtual museum model, through which it will deliver a programme of online exhibitions, educational events, and cultural presentations. The principal activity of the Company during the year was the development and promotion of cultural heritage initiatives centred on the spice industry and its historical and global significance. The Company continued to advance the concept of the World Spice Museum, with a focus on establishing a sustainable and accessible platform for education, cultural exchange, and economic participation. During the year, the Company prioritised the implementation of a virtual museum model, through which it will deliver a programme of online exhibitions, educational events, and cultural presentations. In parallel, the Company progressed development of the Bounty Ship Restoration Project, which represents a key strategic initiative. The project seeks to acquire and restore a historic replica vessel associated with the voyage of HMS Bounty and to relocate it to Caribbean as a floating museum and educational facility. In carrying out its activities, the Company has had regard to the importance of supporting the cultural, educational, and economic development of the community. The proposed Bounty Ship Restoration Project is expected to further enhance these impacts by creating a permanent cultural asset and contributing to heritage tourism and educational outreach. The Company intends to expand its virtual museum operations while progressing the next phase of the Bounty Ship Restoration Project, including detailed feasibility, fundraising, and partnership development. The Directors believe that this combined approach will support the long-term establishment of a physical or floating museum .

Consultation with stakeholders

During the financial year, the Company identified the following key stakeholder groups: -Local artists, creatives, and cultural practitioners -Historians, researchers, and educators -Members of the Grenadian public and wider Caribbean diaspora -Government agencies and cultural institutions -Potential investors, donors, and funding partners -Tourism and hospitality sector stakeholders -International partners associated with the Bounty Ship Restoration Project The Company engaged with stakeholders through a range of formal and informal mechanisms, including: -Virtual meetings, presentations, and workshops -Online events and public programming delivered via the virtual museum platform -Direct discussions with artists, collaborators, and cultural contributors -Engagement with prospective partners and funders through project briefings and concept presentations -Preliminary consultations with international stakeholders in relation to the Bounty Ship Restoration Project Feedback received during the consultation process informed several key actions taken by the Company during the year: -Expansion of digital programming: In response to strong interest in accessible cultural content, the Company is looking into increasing the number and diversity of virtual events and exhibitions. -Development of membership model: Stakeholder input highlighted the importance of community participation and sustainability, leading to the introduction of a tiered membership structure. -Support for artists and creators: Feedback from creatives resulted in the inclusion of curated digital exhibitions and auction opportunities to be provided shortly. -Refinement of the Bounty Project concept: Engagement with partners and advisors contributed to shaping the educational and historical narrative of the proposed floating museum, ensuring alignment with cultural sensitivity and historical accuracy. -Strengthening international engagement: Input from diaspora and global audiences informed efforts to position the platform as an internationally accessible cultural resource.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 May 2026

And signed on behalf of the board by:
Name: Belinda Boyd
Status: Director