DOVER GLOBAL INVESTMENTS LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC377245

		2025		2024
	Notes	$	$	$	$
FIXED ASSETS
Investments	4		6,640,502		6,640,502

			6,640,502		6,640,502
CURRENT ASSETS
Debtors	5	2,492,870		1,458,282
Cash at bank and in hand		69		47

		2,492,939		1,458,329
Creditors: Amounts Falling Due Within One Year	6	(3,663,591 )		(2,615,802 )

NET CURRENT ASSETS (LIABILITIES)			(1,170,652 )		(1,157,473 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,469,850		5,483,029

NET ASSETS ATTRIBUTABLE TO MEMBERS			5,469,850		5,483,029

REPRESENTED BY:
Equity
Members' other interests
Members' capital		5,520,648		5,520,648
Other reserves		(50,798)		(37,619)

			5,469,850		5,483,029

TOTAL MEMBERS' INTEREST
Amounts due from members			(51,337)		(51,337)
Members' other interests			5,469,850		5,483,029

			5,418,513		5,431,692

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DOVER GLOBAL INVESTMENTS LLP

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Sergio MACEDO FACCHINI

Designated Member

16/06/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

DOVER GLOBAL INVESTMENTS LLP is a limited liability partnership, incorporated in England & Wales, registered number OC377245 . The Registered Office is 7 Bell Yard,, London, WC2A 2JR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in US dollars which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Investments

	Unlisted
	$
Cost or Valuation
As at 1 January 2025	6,640,502

As at 31 December 2025	6,640,502

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	6,640,502

As at 1 January 2025	6,640,502

Holdings of more than 20%

The Limited liability partnership holds more than 20% of the share capital of the following companies:

Subsidiary undertakings Country of redomiciliation Shares held

Deventer C.V. Curacao 100%

The investments in subsidiaries are all stated at cost.

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DOVER GLOBAL INVESTMENTS LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	$	$
Due within one year
Amounts due from members	2,492,870	1,458,282

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	$	$
Amounts owed to subsidiaries	3,663,591	2,615,802

7. Related Party Transactions

Investment in Deventer CV

Dover Global Investment LLP invested USD 5,050,000 in Deventer CV, a Dutch limited partnership, during the year ended 31 December 2013. The investment was subsequently increased and reduced in accordance with the partnership's capital requirements and distributions.

The investment was subject to impairment reviews and the following impairment charges were recognised:

Year Impairment charge/(reversal) USD

2013 282,100

2014 400,898

2015 444,684

2016 188,212

2017 343,229

2018 (675,099)

2019 (984,024)

The cumulative impairment provision was fully reversed during the year ended 31 December 2019, resulting in a nil impairment balance at that date.

No further impairment charges or reversals have been recognised in the financial years ended 31 December 2020 through 31 December 2025. Management has reviewed the carrying value of the investment as at 31 December 2025 and considers that no additional impairment provision is required.

Accordingly, the cumulative impairment provision remains nil as at 31 December 2025.

Balances with Members

Amounts due from members comprise members' current account balances arising from losses allocated to members in prior years together with advances made to members.

During the years ended 31 December 2024 and 31 December 2025, the LLP advanced funds to Krasis, the principal member of the LLP. The advances made during 2024 totalled USD 1,406,945 and the advances made during 2025 totalled USD 1,034,590.

At 31 December 2025, the balance due from members amounted to USD 2,492,870 (2024: USD 1,458,282). These balances are unsecured, interest-free and repayable on demand.

Balances with Group Undertakings

At 31 December 2025, amounts owed to subsidiary undertakings amounted to USD 3,663,591 (2024: USD 2,615,802). These balances are unsecured, interest-free and repayable on demand.

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