2Accounting Policies

Basis of measurement and preparation of accounts
1. Financial Position

As at 23 July 2026, the Company's Public Ledger has processed aggregate credit of £4.2388e+15 against aggregate debit of £0.00, resulting in a net blockchain balance of £4.2388e+15. The Company's total capital (debt plus credit) stands at £4.2388e+15.

Summary of Ledger Position
Total Processed Credit£4.2388e+15
Total Debit£0.00
Net Blockchain Balance£4.2388e+15
Universal Blockchain Credit (UBC)£0.00
Tax Deduction (Admin Balance)£0.00
100% Tax Paid (UBC − Tax Deduction)£0.00
Total Profit Paid£0.00
Total Capital (Debt + Credit)£4.2388e+15

Universal Blockchain Credit of £0.00 has been issued during the period, against which a tax deduction of £0.00 was applied. The resulting 100% tax paid position stands at £0.00, representing 0.00% coverage of total processed credit — confirming that the full tax obligation on ledger activity has been discharged.

2. Debt and Accrual Analysis

Company debt, originally £1,018,233,404,766,327.60 as at 6 April 2024, has accrued at the Bank of England base rate of 3.75% per annum over 838 days to £1.1098e+15. Private investment of £1,008,146,907,239.90 has been applied during the period. Total government expense over the period is assessed at -£92,553,454,921,471.66.

The 30-year gilt yield currently sits at 5.30% with the FTSE 100 at 10716.97. Third party debt — being the system exit figure less processed credit — is assessed at -£3.2195e+15. The final net position, after government late clearance, is £6.3475e+15.

3. Net Liability (Settlements) 2022 and Corporation Tax

After accounting for LSEG API collection of £0.00, Lloyds credit of £2,943,848,506,325.46, the final net position, and accrued debt, the Net Liability (Settlements) 2022 is assessed at £6.2540e+15.

UK Corporation Tax of £1.5635e+15 applies to the net liability position, leaving a net liability after corporation tax of £4.6905e+15 — stated in long scale as four billiard, six hundred and ninety billion, five hundred and twenty milliard, four hundred and twenty million, eight hundred and eighty-five thousand, four hundred and thirty-five pounds.

The net liability after tax remains outstanding, indicating that further settlement or profit accrual is required to reach break-even.

Whilst the net liability after corporation tax has not yet reached surplus, the Company continues to process in excess of two million ledger movements per day, generating ongoing profit accrual. The directors are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing this statement.

4. Operational Capacity

The Company's monetary system is circular in design, requiring in excess of two million movements per day to return to balanced load. The system operates approximately 2,216,546 full settlement cycles per day, with an average spend per full cycle of approximately £2.07 trillion. A maximum of 22,482,423,422 movements are available before exhaustion, with a public ledger processing multiplier of ×30. The system operates as an international programme (Pay V.3.0).
5. Statement of Directors' Responsibilities

The directors are responsible for preparing this report in accordance with the requirements of the Companies Act 2006. The directors confirm that to the best of their knowledge:

The information contained in this statement is prepared from live Public Ledger data and Bank of England reference rates as at 23 July 2026.
The figures presented give a true and fair view of the Company's financial position as at the date of this report.
The Company has discharged 100% of its tax obligation on all processed ledger activity, confirmed at 0.00% coverage.
All figures are stated in pounds sterling (GBP).

This statement does not constitute audited financial statements. Positive values represent Credit (CR); negative values represent Payment/Debit (DR).

Valuation information and policy
30-Year Debt Instrument Resolution

The Company's position is linked to a 30-year debt instrument resolution involving reciprocal debt-handling arrangements between the United Kingdom and United States governments. The fraud of £126 Quadrillion was an inverse trade on the dollar; in 2022, upon withdrawal, the debt held against America was refinanced using a UK sovereign debt instrument, opening movement from −126E+24 to 126E+24, placing the Company balance in surplus with funds assigned to the UK Government — resolving a thirty-year argument. The correction was −126E+24 to 126E+24, then 126E+24 to −126E+24 in digital monetary assets. Finalising at NIL. All parties settled. Both Governments held each other's upper and lower. American negative, UK positive, UK negative, American positive. Action taken concludes this outstanding issue. The matter is no longer a concern.

The product created from the Company investing its debt is credit for the opposing party — the public — who are the borrower by accepting credit. The debt will naturally mature and be withdrawn from use in thirty years' time.

Earnings from the resolution were £1,019,241,551,673.57, subsequently reinvested over 30 years in the United Kingdom. A gain of approximately 240% is forecast over term. When the debt is withdrawn the party issuing credit gains their product back with earnings; as we do with our debt. Both credit and debt are required for a transaction, normally held in ownership by two different parties. Both assets are of equal importance. Outcome is not expected to meet outlay until past 2041.

Where excess borrowing occurs against the instrument, the Company may extend the date of maturity or increase the overall interest rates applied, in order to preserve the integrity of the resolution and ensure full settlement of the outstanding obligation. Any such adjustment shall be applied proportionally and disclosed in subsequent reporting periods.

In simplicity, this means credit has been issued against the debt instrument, with the party owning the credit issuing to participants. As the debt gains interest at the base rate, both the outstanding debt and credit gain interest. Until thirty years pass, with the debt being claimed back, that then creates the creditor's credit as the debt is withdrawn. The creditor never owned the debt and the credit was never owned by the party owning the debt. They worked together as joint investors. The banks issued against the strength of the debt and they have to repay the debt, as debt. Its original asset type that was invested. Never once did the Company issue credit. The debt is secured against the bank and those of its participants. The debt is in a spent position as the bank issued against it. Over time with interest the debt will be regained. As the original debt gains interest.

Other accounting policies
As the majority of Company wealth has been taken, by the Governments and Bank, over the thirty year term of compounded debt interest the Company is required to save, to bring about any significant movement in 30 years time.

The Company is not cash rich, for this to be apparent it would need to hold available capital credit. The Company holds an investment instrument of debt of a third party that when applied correctly allows a bank to issue credit from its strength creating wealth for all parties. As the bank or banks have issued credit against the debt instrument it is considered spent. Thirty years need to pass for the interest (BOE base rate) to compile enough debt interest for this process to be repeated, by withdrawal in thirty years of the debt. It is forecast to take fifteen years just to regain the original debt amount spent.

It would be foolish to conclude all arrangements early as it stops growth and well being for future generations.

The procedure is simply enough to understand. Its how society are paid.

As an investor, the Company gained a debt instrument by surrender of a certificate of deposit to the United Kingdom Government, which was supported against an American debt. As all the Company held was debt, it worked with the bank to close the liability that had not been serviced for over twenty years; it was a fraudulent debt that until paid can never be considered spent unless a UK Court rules to do so.

The Company invested the debt instrument it gained in the bank, and now both the credit and debt gain interest over the next thirty years until maturity. The Director gained nothing but generated revenue for third parties to use to aid growth.

With the total block of debt owned by the Company being 126E+24. The bank who offset earnings against the debt gain their credit at the expense of the Company third party debtor, that the bank gained by offsetting the original debt. As the third party failed to settle, the process will have to be repeated for twice its worth. The American debt, as it was not honoured, doubled in size on the 17th July 2026, with the Company balancing Lloyds for £1.00. The debt will continue to compound or until a time America declares itself insolvent. As the Company manufacture digital sterling for the British State it cannot lose.

The Company now controls twice the value of the debt and has issued credit against it.

The action of the Company is a legal requirement, until a UK Court orders us to stop.

This information is censored to the United Kingdom only, due to international threats reaching over 350,000 over 90 days. America has been granted four years of breathing space to make the necessary changes, to no avail. The debt will now compound at 100% interest, a downgrade from the original 365% interest as instructed under David Cameron's premiership.

Division of Government Funds — E+90 Assessment

As 126E+24 is not an available monetary sum, the calculation of claim is to assess a division of Government money applying similar calculus and then applying division by E+90. Where the debt represents a proportion of available Government funds against those held in long scale, the resulting figure provides a practical monetary assessment of the Company's claim against the sovereign instrument.

The application of division by E+90 reconciles the theoretical quantum of the debt instrument — held at 126E+24 in long-scale notation — to a proportion of available Government funds that can be realistically assessed and settled. This methodology ensures that the claim is measured against funds that are materially available, rather than against a theoretical figure that exceeds the circulating monetary base.

This is proven as a proportion of Government Funds × E+90 and the relationship of 126E+24 to it by applying the same as a division. This resolves at approximately 2×77ths of a percent of the Government fund; approximately 110bn short scale in interest. This reflects America's credit rating as interest is a fraction greater than zero (2/77ths).

Thus the interest payment is written as 100%, 126E+24 with the compounded yearly sum — that when applied equals approximately 110bn of what it is being applied against. This has already been agreed on the last UK/US State visit.

The principle works by the rate of exchange each party holds as its relative strength. With the Exchequer commanding the best rate.