Silverfin false 20 July 2026 20 July 2026 Christopher Blunn Praxis 4,611,447 3,741,011 false true 31/12/2025 01/01/2025 31/12/2025 A A A Alhashmi 21/09/2021 M L Newland 04/03/2024 20 July 2026 The principal activities of the Company during the financial year were online media and publishing. 13633465 2025-12-31 13633465 bus:Director1 2025-12-31 13633465 bus:Director2 2025-12-31 13633465 2024-12-31 13633465 core:CurrentFinancialInstruments 2025-12-31 13633465 core:CurrentFinancialInstruments 2024-12-31 13633465 core:Non-currentFinancialInstruments 2025-12-31 13633465 core:Non-currentFinancialInstruments 2024-12-31 13633465 core:ShareCapital 2025-12-31 13633465 core:ShareCapital 2024-12-31 13633465 core:OtherCapitalReserve 2025-12-31 13633465 core:OtherCapitalReserve 2024-12-31 13633465 core:RetainedEarningsAccumulatedLosses 2025-12-31 13633465 core:RetainedEarningsAccumulatedLosses 2024-12-31 13633465 core:OtherResidualIntangibleAssets 2024-12-31 13633465 core:OtherResidualIntangibleAssets 2025-12-31 13633465 core:OfficeEquipment 2024-12-31 13633465 core:ComputerEquipment 2024-12-31 13633465 core:OfficeEquipment 2025-12-31 13633465 core:ComputerEquipment 2025-12-31 13633465 core:CostValuation 2024-12-31 13633465 core:CostValuation 2025-12-31 13633465 core:ImmediateParent core:Non-currentFinancialInstruments 2025-12-31 13633465 core:ImmediateParent core:Non-currentFinancialInstruments 2024-12-31 13633465 bus:OrdinaryShareClass1 2025-12-31 13633465 core:WithinOneYear 2025-12-31 13633465 core:WithinOneYear 2024-12-31 13633465 core:BetweenOneFiveYears 2025-12-31 13633465 core:BetweenOneFiveYears 2024-12-31 13633465 2025-01-01 2025-12-31 13633465 bus:FilletedAccounts 2025-01-01 2025-12-31 13633465 bus:SmallEntities 2025-01-01 2025-12-31 13633465 bus:Audited 2025-01-01 2025-12-31 13633465 2024-01-01 2024-12-31 13633465 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13633465 bus:Director1 2025-01-01 2025-12-31 13633465 bus:Director2 2025-01-01 2025-12-31 13633465 core:OtherResidualIntangibleAssets core:TopRangeValue 2025-01-01 2025-12-31 13633465 core:PatentsTrademarksLicencesConcessionsSimilar 2025-01-01 2025-12-31 13633465 core:OfficeEquipment core:TopRangeValue 2025-01-01 2025-12-31 13633465 core:ComputerEquipment core:TopRangeValue 2025-01-01 2025-12-31 13633465 core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 13633465 core:OfficeEquipment 2025-01-01 2025-12-31 13633465 core:ComputerEquipment 2025-01-01 2025-12-31 13633465 core:Subsidiary1 2025-01-01 2025-12-31 13633465 core:Subsidiary1 1 2025-01-01 2025-12-31 13633465 core:Subsidiary1 1 2024-01-01 2024-12-31 13633465 core:CurrentFinancialInstruments 2025-01-01 2025-12-31 13633465 core:Non-currentFinancialInstruments 2025-01-01 2025-12-31 13633465 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 13633465 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 13633465 1 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 13633465 (England and Wales)

# LINK MEDIA CORPORATION LTD

### Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

LINK MEDIA CORPORATION LTD

## Financial Statements

For the financial year ended 31 December 2025

Contents

LINK MEDIA CORPORATION LTD

## COMPANY INFORMATION

For the financial year ended 31 December 2025
LINK MEDIA CORPORATION LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

DIRECTORS | A A A Alhashmi
| M L Newland

REGISTERED OFFICE | 1 Fetter Lane
| Suites 1.04-1.05
| London
| EC4A 1BR
| United Kingdom

COMPANY NUMBER | 13633465 (England and Wales)

AUDITOR | Praxis
| Statutory Auditor
| 1 Fore Street Avenue
| London
| EC2Y 9DT
| United Kingdom

LINK MEDIA CORPORATION LTD

## BALANCE SHEET

As at 31 December 2025
LINK MEDIA CORPORATION LTD

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 14,699 |  | 16,990
Tangible assets | 4 | 25,539 |  | 28,060
Investments | 5 | 11,453 |  | 11,453
|  | 51,691 |  | 56,503
Current assets |  |  |  |
Debtors | 6 | 6,423,509 |  | 4,077,271
Cash at bank and in hand |  | 626,219 |  | 563,292
|  | 7,049,728 |  | 4,640,563
Creditors: amounts falling due within one year | 7 | ( 184,137) |  | ( 192,383)
Net current assets |  | 6,865,591 |  | 4,448,180
Total assets less current liabilities |  | 6,917,282 |  | 4,504,683
Creditors: amounts falling due after more than one year | 8 | ( 16,853,886) |  | ( 11,156,090)
Net liabilities |  | ( 9,936,604) |  | ( 6,651,407)
Capital and reserves |  |  |  |
Called-up share capital | 9 | 10 |  | 10
Other reserves |  | 3,532,093 |  | 2,825,335
Profit and loss account |  | ( 13,468,707 ) |  | ( 9,476,752 )
Total shareholder's deficit |  | ( 9,936,604) |  | ( 6,651,407)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Link Media Corporation Ltd (registered number: 13633465) were approved and authorised for issue by the Board of Directors on 20 July 2026. They were signed on its behalf by:

A A A Alhashmi Director |

LINK MEDIA CORPORATION LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
LINK MEDIA CORPORATION LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Link Media Corporation Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Fetter Lane, Suites 1.04-1.05, London, EC4A 1BR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £9,936,604. The Company is supported through loans from the parent company. The parent company has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the parent will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business and also recharges to group companies for shared services, costs incurred on their behalf, or other intercompany transactions. The transactions are shown net of VAT and other sales related taxes.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so 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.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets | 10 years straight line

###### Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of 10 years which is their estimated useful economic life. Provision is made for any impairment.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment | 5 years straight line
Computer equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Investments
Investments in subsidiary undertakings are held at cost less accumulated impairment losses.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 33 |  | 27

#### 3. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 22,908 |  | 22,908
At 31 December 2025 | 22,908 |  | 22,908
Accumulated amortisation |  |  |
At 01 January 2025 | 5,918 |  | 5,918
Charge for the financial year | 2,291 |  | 2,291
At 31 December 2025 | 8,209 |  | 8,209
Net book value |  |  |
At 31 December 2025 | 14,699 |  | 14,699
At 31 December 2024 | 16,990 |  | 16,990

#### 4. Tangible assets

| Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2025 | 2,097 |  | 39,599 |  | 41,696
Additions | 0 |  | 6,706 |  | 6,706
At 31 December 2025 | 2,097 |  | 46,305 |  | 48,402
Accumulated depreciation |  |  |  |  |
At 01 January 2025 | 1,011 |  | 12,625 |  | 13,636
Charge for the financial year | 419 |  | 8,808 |  | 9,227
At 31 December 2025 | 1,430 |  | 21,433 |  | 22,863
Net book value |  |  |  |  |
At 31 December 2025 | 667 |  | 24,872 |  | 25,539
At 31 December 2024 | 1,086 |  | 26,974 |  | 28,060

#### 5. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 January 2025 | 11,453
At 31 December 2025 | 11,453
Carrying value at 31 December 2025 | 11,453
Carrying value at 31 December 2024 | 11,453

Investments in shares

Name of entity | Registered office | Principal activity | Class of shares | Ownership 31.12.2025 | Ownership 31.12.2024 | Held
LinkMedia FZ LLC | Dubai Development Authority Free Zone, Dubai, United Arab Emirates | Media and publishing | Ordinary | 100.00% | 100.00% | Direct

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by Group undertakings | 6,245,833 |  | 3,983,384
Other debtors | 177,676 |  | 93,887
| 6,423,509 |  | 4,077,271

Amounts owed from Group undertakings are repayable on demand and do not bear interest.

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 52,634 |  | 45,566
Other taxation and social security | 79,739 |  | 70,434
Other creditors | 51,764 |  | 76,383
| 184,137 |  | 192,383

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to Parent undertakings | 16,853,886 |  | 11,156,090

Amounts owed to the parent undertaking comprise unsecured and interest-free loan agreements.
At 31 December 2025, the aggregate nominal principal outstanding under the six agreements was £20,374,527 (2024: £13,969,973), and the carrying amount was £16,853,886 (2024: £11,156,090).
The loans are repayable five years from their respective effective dates.
The loans were initially recognised at the present value of their contractual cash flows using market discount rates applicable when each loan was advanced and are subsequently measured at amortised cost using the effective interest method.
The initial difference between nominal principal and present value was recognised as a capital contribution within other reserves. The discount unwind recognised during the year was £619,492. The related transfer between other reserves and the profit and loss account reserve is shown in the Statement of Changes in Equity.

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 0.10 each | 10 |  | 10

#### 10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
Within one year | 140,600 |  | 149,900
Between one and five years | 148,500 |  | 25,100
Total future minimum lease payments under non-cancellable operating leases | 289,100 |  | 175,000

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 13,498 |  | 11,763

#### 11. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.

#### 12. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2025 was unqualified.

The audit report was signed by Christopher Blunn on behalf of Praxis.

#### 13. Ultimate controlling party

Parent Company:

Alnajma Holdings SP LLC
Al Najda Street Clock tower Building Office No.201 Abu Dhabi U.A.E