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Registration number: 06732343

Humble Bee Films Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2026

Humble Bee Films Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 10

Humble Bee Films Limited

(Registration number: 06732343)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Investments | 5 | 100 | 200
Other financial assets | 6 | 1,021,128 | 990,159
|  | 1,021,228 | 990,359
Current assets |  |  |
Debtors | 7 | 360,070 | 1,108,103
Cash at bank and in hand |  | 649,132 | 920,769
|  | 1,009,202 | 2,028,872
Creditors: Amounts falling due within one year | 8 | (211,268) | (1,557,248)
Net current assets |  | 797,934 | 471,624
Total assets less current liabilities |  | 1,819,162 | 1,461,983
Provisions for liabilities |  | - | (90,000)
Net assets |  | 1,819,162 | 1,371,983
Capital and reserves |  |  |
Called up share capital |  | 106 | 106
Retained earnings |  | 1,819,056 | 1,371,877
Shareholders' funds |  | 1,819,162 | 1,371,983

Humble Bee Films Limited

(Registration number: 06732343)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 July 2026

Mr S Dunleavy Director |  |

Humble Bee Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Egerton Road
Bristol
BS7 8HN

These financial statements were authorised for issue by the director on 7 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Group accounts not prepared

The company is a parent of a small group. The company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The directors have reviewed projections and budgets for the next twelve months. Following this review, the directors consider there to be little impact on the company’s ability to act as a going concern. The directors have reviewed the capital resources available and considered that the company has adequate resources in place to continue trading for the next twelve months.

Humble Bee Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
the stage of completion of the transaction at the end of the reporting period can be measured reliably;
and specific criteria have been met for each of the company's activities.
Revenue from contracts for film and television production services is recognised using the percentage of completion method. The stage of completion is determined by reference to the costs incurred to date as a proportion of the estimated total costs of completing the contract.
Where the contract outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 33% Straight Line
Fixtures and fittings | 33% Straight Line

Humble Bee Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors 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.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Humble Bee Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year was 15 (2025 - 38).

4 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 April 2025 | 133,433 | 33,507 | 166,940
Disposals | (133,433) | (33,507) | (166,940)
At 31 March 2026 | - | - | -
Depreciation
At 1 April 2025 | 133,433 | 33,507 | 166,940
Eliminated on disposal | (133,433) | (33,507) | (166,940)
At 31 March 2026 | - | - | -
Carrying amount
At 31 March 2026 | - | - | -

Humble Bee Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5 | Investments

| 2026 £ | 2025 £
Investments in subsidiaries | 100 | 200

Subsidiaries | £
Cost or valuation
At 1 April 2025 | 300
Disposals | (100)
At 31 March 2026 | 200
Provision
At 1 April 2025 | 100
Carrying amount
At 31 March 2026 | 100
At 31 March 2025 | 200

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2026 | 2025
Subsidiary undertakings
Humble Bee Sounds Limited | 11 Egerton Road, Bristol, United Kingdom, BS7 8HN England | Ordinary Shares | 0% | 100%
Humble Bee Pegasus Limited | 11 Egerton Road, Bristol, United Kingdom, BS7 8HN England | Ordinary Shares | 100% | 100%
Humble Bee Wild Ltd | 11 Egerton Road, Bristol, United Kingdom, BS7 8HN England | Ordinary Shares | 100% | 100%

Humble Bee Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6 | Other financial assets

| 2026 £ | 2025 £
Non-current financial assets
Listed investments | 1,021,128 | 990,159

| Listed investments £ | Total £
Non-current financial assets
Cost or valuation
At 1 April 2025 | 990,159 | 990,159
Additions | 203,374 | 203,374
Fair value adjustments | 24,869 | 24,869
Disposals | (197,274) | (197,274)
At 31 March 2026 | 1,021,128 | 1,021,128
Carrying amount
At 31 March 2026 | 1,021,128 | 1,021,128

7 | Debtors

| Note | 2026 £ | 2025 £
Trade debtors |  | 6,000 | 68,042
Amounts owed by related parties | 10 | 349,900 | 449,380
Other debtors |  | 809 | 549,951
Prepayments |  | 3,361 | 40,730
|  | 360,070 | 1,108,103

8 | Creditors

Due within one year | Note | 2026 £ | 2025 £
Trade creditors |  | 2,549 | 24,694
Amounts due to related parties | 10 | 13,773 | 406,711
Social security and other taxes |  | - | 134,533
Other creditors |  | 189,446 | 876,105
Accruals |  | 5,500 | 115,205
|  | 211,268 | 1,557,248

Humble Bee Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £8,562 (2025 - £28,143).

Amounts disclosed in the balance sheet

Included in the balance sheet are outstanding pension liabilities of £Nil (2025 - £5,220).

10 | Related party transactions

The company has taken advantage of the exemption available under section 1AC.35 of Financial Reporting Standard 102, not to disclose transactions with other wholly owned members of this group.

Summary of transactions with other related parties

Other related parties include companies under common control.

Loans to related parties

2026 | Other related parties £ | Total £
Advanced | 50,000 | 50,000
At end of period | 50,000 | 50,000

Terms of loans to related parties

Amounts due from other related parties are interest free and repayable on demand.

Loans from related parties

2026 | Key management £ | Total £
At start of period | 14,711 | 14,711
Advanced | 2,118 | 2,118
Repaid | (3,056) | (3,056)
At end of period | 13,773 | 13,773

Humble Bee Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

2025 | Key management £ | Total £
At start of period | 40 | 40
Advanced | 17,225 | 17,225
Repaid | (2,554) | (2,554)
At end of period | 14,711 | 14,711

Terms of loans from related parties

Amounts due to key management are interest free and repayable on demand.