Treecard Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Treecard Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12823516 . The registered office is 1 Lindsay Road , Horfield , Bristol , BS7 9NP.

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. Going Concern Disclosure

The directors believe that the going concern basis is not appropriate as the company has no realistic alternative but to cease trading in the near future.

2.3. Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the

Company and the revenue can be reliably measured. Revenue is measured as the fair value of the

consideration received or receivable, excluding discounts, rebates, value added tax and other sales

taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

the Company has transferred the significant risks and rewards of ownership to the buyer;

the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are

provided in accordance with the stage of completion of the contract when all of the following

conditions are satisfied:

the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

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Treecard Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.4. 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:

Plant & Machinery

25%

2.5. Foreign Currencies

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange

rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary

items measured at historical cost are translated using the exchange rate at the date of the

transaction and non-monetary items measured at fair value are measured using the exchange rate

when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the

translation at period-end exchange rates of monetary assets and liabilities denominated in foreign

currencies are recognised in profit or loss except when deferred in other comprehensive income as

qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are

presented in the Profit and Loss Account within 'foreign exchange gains or losses'.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Treecard Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Valuation of Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are

remeasured to market value at each balance sheet date. Gains and losses on remeasurement are

recognised in the Profit and Loss Account for the period. Where market value cannot be reliably

determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date.

Gains and losses on remeasurement are recognised in profit or loss for the period.

2.8. Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are

measured initially at fair value, net of transaction costs, and are measured subsequently at

amortised cost using the effective interest method, less any impairment.

2.9. Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank

loans, are measured initially at fair value, net of transaction costs, and are measured subsequently

at amortised cost using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 9)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2025	10,098

As at 31 December 2025	10,098

Depreciation
As at 1 January 2025	10,098

As at 31 December 2025	10,098

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

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Treecard Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	1,039,848

As at 31 December 2025	1,039,848

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	1,039,848

As at 1 January 2025	1,039,848

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	-	5,250
Other debtors	3,133	821
VAT	4,764	-

	7,897	6,071

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
VAT	-	643
Accruals and deferred income	3,149	3,149

	3,149	3,792

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

	2025	2024
	£	£
Amounts owed to subsidiaries	-	687,143
Amounts owed to parent undertaking	-	5,488,519

	-	6,175,662

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Treecard Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Deferred Taxation

A deferred tax asset has not been recognised in respect of the trading losses carried forward of £8,015,433.00

This is due to the fact that it is not probable that future taxable profits will be available in the forseeable future which the entity can utilise them against.

A deferred tax asset has not been recognised in regards to temporary differences on capital allowances of £3,206.00. This is due to the fact that it is not probable that future taxable profits will be available in the forseeable future which the entity can utilise them against.

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3	3

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	5		1,039,848		1,039,848

			1,039,848		1,039,848
CURRENT ASSETS
Debtors	6	7,897		6,071
Cash at bank and in hand		193,100		296,860

		200,997		302,931
Creditors: Amounts Falling Due Within One Year	7	(3,149 )		(3,792 )

NET CURRENT ASSETS (LIABILITIES)			197,848		299,139

TOTAL ASSETS LESS CURRENT LIABILITIES			1,237,696		1,338,987

Creditors: Amounts Falling Due After More Than One Year	8		-		(6,175,662 )

NET ASSETS/(LIABILITIES)			1,237,696		(4,836,675 )

CAPITAL AND RESERVES
Called up share capital	10		3		3
Share premium account			2,672,396		2,672,396
Profit and Loss Account			(1,434,703 )		(7,509,074 )

SHAREHOLDERS' FUNDS			1,237,696		(4,836,675)