REGISTERED NUMBER: OC436150 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

PIONEER EQUITY HOLDINGS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Designated members:

S Abboud

G Curatolo

T M Tehranian

Apex Financial Services Trust Limited

Bluestack Capital Dac

Burlington Loan Management Dac

Drumwood Capital Dac

Foxford Capital L5 Dac

Nerine Trust Company Limited

CEP Grit Sandywaves Limited

Registered office:

3rd Floor 86 - 90 Paul Street

London

EC2A 4NE

Registered number:

OC436150 (England and Wales)

Fixed assets

Investments

4

3,647,231

3,356,701

Current assets

Debtors

5

4,675

2,979

Cash at bank

21,183

21,623

25,858

24,602

Creditors

Amounts falling due within one year

6

27,416

20,243

Net current (liabilities)/assets

(1,558

)

4,359

Total assets less current liabilities

and

Net assets attributable to members

3,645,673

3,361,060

Loans and other debts due to members

-

-

Members' other interests

Capital accounts

3,667,233

3,376,061

Other reserves

(21,560

)

(15,001

)

3,645,673

3,361,060

Total members' interests

Members' other interests

3,645,673

3,361,060

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24 June 2026 and were signed by:

T M Tehranian - Designated member

1.	Statutory information

Pioneer Equity Holdings LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

The functional and presentational currency of the LLP is considered to be Euros because that is the currency of the primary economic environment in which the LLP operates.

Significant judgements and estimates

In application of the Company's accounting policies, which are described below, the Directors are required to make judgements, estimates, and assumptions about the carrying amount of assets and liabilities that are not readily available from other sources. The estimates and associate assumptions are based on historical experience and other factors which are considered relevant.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised if the revision affects only that year, or the year of the revision and future year if the revision affects both the current and future years.

Financial instruments

(a) Financial assets

Financial assets, other than derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment.

(b) Financial liabilities and equity

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Financial liabilities, excluding convertible debt and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost

Members' capital and remuneration

Members' capital classified as equity represents members' interests in the partnership where there is no obligation to repay these to members. Where members' capital is contributed to the partnership but there is a contractual obligation in place that requires repayment if members retire, this is classified as a liability.

3.	Employee information

The average number of employees during the year was NIL (2024 - NIL).

4.	Fixed asset investments

Other

investments

€

Cost

At 1 January 2025

3,356,701

Additions

290,530

At 31 December 2025

3,647,231

Net book value

At 31 December 2025

3,647,231

At 31 December 2024

3,356,701

5.

Debtors: amounts falling due within one year

2025

2024

€

€

Amounts owed by group undertakings

4,675

2,979

6.

Creditors: amounts falling due within one year

2025

2024

€

€

Other creditors

27,416

20,243