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Registered number: 02716006 ASIA T.V. LIMITED Financial statements Information for filing with the registrar For the Year Ended 31 March 2026
ASIA T.V. LIMITED Registered number: 02716006 Statement of financial position As at 31 March 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 5 |  | 20 |  | 9,833
|  |  | 20 |  | 9,833
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 114,949 |  | 434,424 |
Cash at bank and in hand | 7 | 270,944 |  | 525,777 |
|  | 385,893 |  | 960,201 |
Creditors: amounts falling due within one year | 8 | (18,078) |  | (192,445) |
Net current assets |  |  | 367,815 |  | 767,756
Total assets less current liabilities |  |  | 367,835 |  | 777,589
Net assets |  |  | 367,835 |  | 777,589
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Profit and loss account |  |  | 367,833 |  | 777,587
|  |  | 367,835 |  | 777,589
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 May 2026.
Parul Goel
Director
The notes on pages 3 to 10 form part of these financial statements. Page 1
ASIA T.V. LIMITED Statement of changes in equity For the Year Ended 31 March 2026
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 April 2024 | 2 | 837,922 | 837,924
Comprehensive income for the year |  |  |
Loss for the year | - | (60,335) | (60,335)
Total comprehensive income for the year | - | (60,335) | (60,335)
At 1 April 2025 | 2 | 777,587 | 777,589
Comprehensive income for the year |  |  |
Profit for the year | - | 140,246 | 140,246
Total comprehensive income for the year | - | 140,246 | 140,246
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (550,000) | (550,000)
Total transactions with owners | - | (550,000) | (550,000)
At 31 March 2026 | 2 | 367,833 | 367,835
| The notes on pages 3 to 10 form part of these financial statements.
Page 2
ASIA T.V. LIMITED Notes to the financial statements For the Year Ended 31 March 2026
1. | General information
Asia T.V. Limited is a company, limited by shares, registered in England and Wales. The company's registration number is 02716006 and has its registered office address at Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex, United Kingdom, HA7 1JS. The principal activity of the company continued to be that of distributing television channels and VoD (Video On Demand) content of Asia Today Limited. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied: Page 3
ASIA T.V. LIMITED Notes to the financial statements For the Year Ended 31 March 2026 2.Accounting policies (continued)
| 2.2 | Financial Reporting Standard 102 - reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": ∙the requirements of Section 7 Statement of Cash Flows; ∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); ∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c); ∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; ∙the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23; ∙the requirements of Section 29 Income tax paragraphs 29.28(b) and 29.29. This is an exemption from certain disclosures in relation to Pillar Two model rules where an entity is, or expects to be, within the scope of the Pillar Two legislation. The exemption is dependent on equivalent disclosures being made in the consolidated financial statements. It is not an exemption from all Pillar Two model rules and disclosures. Qualifying entities are still required to provide disclosures in accordance with paragraph 29.26 (g) and 29.28(a) if Pillar two model rules are applicable; ∙the requirements of Section 33 Related Party Disclosures paragraph 33.7; ∙the requirement of paragraph 24(b) of IFRS 6 Exploration for and Evaluation of Mineral Resources to disclose the operating and investing cash flows arising from the exploration for and evaluation of mineral resources (when applying this standard in accordance with paragraph 34.11 of FRS 102). This information is included in the consolidated financial statements of Zee Entertainment Enterprises Limited as at 31/03/2026 and these financial statements may be obtained from it's registered office, 18th Floor, A Wing,Marathon Futurex, N.M. Joshi Marg,Lower Parel,Mumbai, 400 013, India. Consolidated accounts have not been prepared because the company's results are consolidated in the publicly available accounts of Zee Entertainment Enterprises Limited, a company incorporated in India. Accordingly, these financial statements represent information about the company as an individual undertaking and not about the group.
| 2.3 | Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements. Page 4
ASIA T.V. LIMITED Notes to the financial statements For the Year Ended 31 March 2026 2.Accounting policies (continued)
| 2.4 | Foreign currency translation
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. Non-monetary 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 Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.5 | Revenue
Turnover represents subscriptions earned for services rendered during the period stated net of value added tax and net of discounts. Subscriptions paid in advance are recognised as deferred income in the balance sheet. Advertising revenues are recognised upon the telecast of advertisements and subscription revenue on a time basis on the provision of television broadcasting to subscribers. Syndication income is recognised upon the delivery of the content with consideration to whether Asia TV Limited is acting as an agent or principle in a transaction and therefore recognises income net or gross respectively.
| 2.6 | Operating leases: the Company as lessee
Rentals payable under operating leases,including any lease incentives received,are charged to profit or loss on straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
| 2.7 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.8 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 5
ASIA T.V. LIMITED Notes to the financial statements For the Year Ended 31 March 2026 2.Accounting policies (continued)
| 2.9 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.10 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
| 2.11 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.12 | 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.
| 2.13 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.14 | 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.
| 2.15 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Page 6
ASIA T.V. LIMITED Notes to the financial statements For the Year Ended 31 March 2026
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Critical judgments The critical judgments that the directors have made in the process of applying the company's accounting policies and that the most significant effects on the amounts recognised in the financial statements are is respect of: ∙The judgment surrounding whether Asia TV Limited acts as the principal or agent in the trading relationship and is therefore able to recognise gross or net receipts for royalty and licence income received from third parties and subsidiaries. ∙The judgment regarding the recoverability and need for a provision in respect of certain trade receivables. Key sources of estimation uncertainty The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows. Subscription management cost Zee 5 subscription income is collected by a third party with an administration charge applied. The charge is estimated based on the difference between billings and receipts.
4. | Employees
| The average monthly number of employees, including directors, during the year was 0 (2025 - 1).
Page 7
ASIA T.V. LIMITED Notes to the financial statements For the Year Ended 31 March 2026
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 April 2025 | 9,833
| Disposals | (9,813)
| At 31 March 2026 | 20
| Net book value |
| At 31 March 2026 | 20
| At 31 March 2025 | 9,833
| During the year, the Company’s subsidiary undertaking, Asia TV GmbH incorporated in Germany, was liquidated and closure proceeds of £191,870 were received after realising the investment.
| Subsidiary undertakings
| The following were subsidiary undertakings of the Company:
| Name | Registered office | Principal activity | Class of shares | Holding
| Zee CIS LLC | Room 01, Building 18/11, Novoryazanskaya Str, Moscow. 107078, Russia | Distributor of TV and digital products | Ordinary | 49%
| Zee CIS Holdings | Room 19, Building 18/2, Novoryazanskaya Str, Moscow, 107078, Russi | Holding Company | Ordinary | 100%
| The company also has indirect shareholding of 51% in Zee CIS LLC.
6. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 114,949 | 434,424
|  | 114,949 | 434,424
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ASIA T.V. LIMITED Notes to the financial statements For the Year Ended 31 March 2026
7. | Cash and cash equivalents
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Cash at bank and in hand | 270,944 | 525,777
|  | 270,944 | 525,777
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade creditors | 1,933 | 10,394
| Amounts owed to group undertakings | - | 134,788
| Corporation tax | - | 11,263
| Other taxation and social security | 1,145 | -
| Accruals and deferred income | 15,000 | 36,000
|  | 18,078 | 192,445
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Other taxation and social security |  |
| VAT control | 1,145 | -
|  | 1,145 | -
9. | Related party transactions
| The company has taken the exemption, in accordance with FRS 102 - Section 33 '' Related Party Disclosures'', from disclosing related party transactions entered into between members of group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.
10. | Controlling party
The parent undertaking of the largest group which includes the company and for which group financial statements are prepared is Zee Entertainment Enterprises Limited, a company incorporated in India. The parent undertaking of the smallest group is Asia Today Limited, a company incorporated in Mauritius. The directors regard Zee Entertainment Enterprises Ltd as the ultimate parent undertaking. Asia Today Limited is the immediate parent company. Page 9
ASIA T.V. LIMITED Notes to the financial statements For the Year Ended 31 March 2026
11. | Auditors' information
The auditors' report on the financial statements for the year ended 31 March 2026 was unqualified. The audit report was signed on 4 May 2026 by Janak Raj Pokhrel (Senior statutory auditor) on behalf of Mantax Lynton.
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