Mia Diamonds Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08255994

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,979		7,971

			5,979		7,971
CURRENT ASSETS
Stocks	5	1,218,506		929,700
Debtors	6	194,691		369,505
Cash at bank and in hand		26,626		108,023

		1,439,823		1,407,228
Creditors: Amounts Falling Due Within One Year	7	(605,484 )		(543,933 )

NET CURRENT ASSETS (LIABILITIES)			834,339		863,295

TOTAL ASSETS LESS CURRENT LIABILITIES			840,318		871,266

Creditors: Amounts Falling Due After More Than One Year	8		(45,920 )		(92,896 )

NET ASSETS			794,398		778,370

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			794,298		778,270

SHAREHOLDERS' FUNDS			794,398		778,370

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Mia Diamonds Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

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

On behalf of the board

Mr Jonathan Lazarov

Director

29/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Mia Diamonds Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08255994 . The registered office is 100 Hatton Garden,, London,, England, , EC1N 8NX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing balance method
Fixtures & Fittings	25% Reducing balance method

2.4. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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.

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.

2.6. Foreign Currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

2.7. Taxation

Current tax represents the amount expected to be paid or recovered in relation to taxable profits for the financial year. It is calculated using the tax rates and legislation that have been enacted or substantively enacted as of the balance sheet date.

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Mia Diamonds Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.8. Pensions

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 November 2024	7,147	16,079	23,226

As at 31 October 2025	7,147	16,079	23,226

Depreciation
As at 1 November 2024	4,321	10,934	15,255
Provided during the period	706	1,286	1,992

As at 31 October 2025	5,027	12,220	17,247

Net Book Value
As at 31 October 2025	2,120	3,859	5,979

As at 1 November 2024	2,826	5,145	7,971

5. Stocks

	2025	2024
	£	£
Stock	1,218,506	929,700

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	88,274	282,051
Prepayments and accrued income	8,239	13,738
Other debtors	6,670	73,716
Director's loan account	91,508	-

	194,691	369,505

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Mia Diamonds Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	259,048	70,662
Bank loans and overdrafts	47,016	50,350
Corporation tax	4,412	5,748
Other taxes and social security	-	6,066
VAT	21,934	161,233
Net wages	2,901	6,901
Other creditors	267,937	240,518
Accruals and deferred income	2,236	2,236
Director's loan account	-	219

	605,484	543,933

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	45,920	92,896

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 November 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2025
	£	£	£	£	£
Mr Jonathan Lazarov	(218 )	103,548	11,821	-	91,508

Subsequent to the reporting date, the outstanding balance of the loan was repaid on 14 April 2026.

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