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FOR THE YEAR ENDED 31 MARCH 2026
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RESONANCE IMPACT INVESTMENT LIMITED
COMPANY INFORMATION
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RESONANCE IMPACT INVESTMENT LIMITED
CONTENTS
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RESONANCE IMPACT INVESTMENT LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The directors present their strategic report for the year ended 31 March 2026.
The principal activity of the Company is to act as the FCA (Financial Conduct Authority) authorised subsidiary (FCA Reference Number 588462) for the Resonance group, to undertake regulated activities including investment management and deal arranging.
Resonance Impact Investment Limited (RIIL) has continued in its stable performance throughout the year. It performs a range of regulated activities for the Resonance group and related entities, relating to both its fund management and corporate finance activities, including investment management and deal arranging.
As shown in the Statement of Income and Retained Earnings on page 15, the company made a profit before tax in the period of £7,286 (2025: £105,690). The balance sheet, as shown on page 16, shows net assets at 31 March 2026 of £845,353 (2025: £812,757).
Throughout the past 12 months, we have focused primarily on ongoing deployment of the funds and the property market has provided some good buying opportunities. During this period we also secured another £4.5mn of new investment into our Blended Finance Loan Funds, increasing our Total Funds Under Management (FUM) to £448mn at the end of the current reporting period.
Cash reserves remain high and continue to grow. This is the Company’s main source of capital and enables us to confidently meet both the current regulatory capital adequacy requirements of the FCA (Financial Conduct Authority) and the anticipated increase over the next 12 months as the Resonance Group continues to expand. Our strategy continues to be to grow the impact property funds in response to both demand for suitable housing and increasing interest in place-based impact investment from the institutional investment market, particularly Local Government Pension Schemes (LGPS).
The key performance indicators for the company are;
• monthly ongoing profitability • Fixed overhead requirement (FOR) calculation to ensure annual increase is anticipated • FOR and other metrics are monitored on a monthly basis to ensure reserves held remain at least 20% above the minimum requirement and include increase towards next anticipated step up • Group capital test monitored on a monthly basis to ensure ongoing compliance
As an FCA regulated company, we are required to make multiple data submissions throughout the year.
We continuously monitor financial performance with regard to the various FCA regulatory requirements. All of this information is presented to both the senior leadership team and Board of directors on a regular basis.
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RESONANCE IMPACT INVESTMENT LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
The Directors consider they have complied with the requirement of Section 172(1)(a)-(f) of the Companies Act 2006 in their decision making and performance of their duties. Key decisions are always discussed at senior management level. We also have a highly experienced board including several non-executive directors, chosen for their specific knowledge and skills in the industry.
We have a clear set of strategic objectives which have been designed to have a long-term beneficial impact on the Company. These are updated annually across all areas of the business and other key KPI’s the management team are working towards to ensure we continue to double the high quality service across all our business divisions. Engagement with key stakeholders is vital to our success. This includes investors, housing partners, contractors and solicitors, all of which we have regular and open communication with. This allows all parties to be fully informed and make appropriate decisions in line with their company policies. The Company does not have any direct employees but operates via those employed by its parent company, Resonance Limited. Employee remuneration and development is continuously appraised with a detailed pay review process undertaken at least annually. Everyone is fully trained in their role, encouraged to undertake personal and professional development on an ongoing basis and provided opportunities to work on projects or undertake secondment to other teams to gain further experience.
This report was approved by the board on 23 July 2026 and signed on its behalf.
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RESONANCE IMPACT INVESTMENT LIMITED
MIFIDPRU DISCLOSURES UNDER THE INVESTMENT FIRMS REGIME AND INTERNAL CAPITAL ADEQUACY AND RISK ASSESSMENT (ICARA) PROCESS
FOR THE YEAR ENDED 31 MARCH 2026
Introduction
Resonance Impact Investment Limited (the "Company") is required by the Financial Conduct Authority ("FCA") to disclose information as a way to allow third parties, whether investors in the firm, counterparties or clients, to monitor and compare the risks that investment firms take. This supports good corporate governance. The Investment Firm Regulation or MIFDPRU disclosures have replaced what was previously known as “Pillar 3” disclosures. They are required to be made under Chapter 8 of the FCA's Prudential Sourcebook for MIFID Investment Firms ("MIFIDPRU"). The Company is a MIFIDPRU investment firm and is categorised as a Small and Non-Interconnected or “SNI” firm. The Company has not issued any “Additional Tier 1” instruments (e.g. contingent convertible or hybrid securities), only Common Equity Tier 1 instruments (i.e. ordinary shares). As a result of these two factors, a light disclosure regime applies.
Risk Management Objectives and Policies
As the Company has not issued any Additional Tier 1 instruments, there are limited disclosure requirements under this section. Own funds requirements The Company’s policy is to maintain own funds at no less than 120% of Own Funds Requirement where possible. The Company also monitors and forecasts relevant expenditure closely since an increase of 30% triggers the requirement to recalculate the Fixed Overheads Requirement and potentially to raise further capital. Similarly, it will monitor and forecast finances to be alert to a potential interim net loss as this must be deducted from Own Funds. Concentration risk The Company has reduced the concentration risk to Triodos Bank by spreading cash deposits between it and Unity Trust Bank. Liquidity The Company’s own funds are currently held entirely as cash which is the most liquid form. Potential for harm associated with the business strategy As a social impact investment firm, the Company is concerned not to cause harm. Its strategy is to create and manage property funds with housing partners to provide homes for people at risk of homelessness or who are vulnerable and to help social enterprises raise capital to carry out their strategies. Nonetheless, there is potential for harm to clients and harm to firm and the Company aims to mitigate this where possible through appropriate controls and actions or if necessary to set aside capital and liquid assets. Internal Capital Adequacy and Risk Assessment (ICARA) Process The Company undertakes the ICARA process which replaced the ICAAP.
Own Funds
The Company’s Own Funds are composed entirely of Common Equity Tier 1 instruments i.e. ordinary shares and retained earnings. Ordinary shares were £80,000 as at 31 March 2026. Retained earnings increased from £732,757 by £32,596 to £765,353. Therefore, Total Own Funds are £845,353.
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RESONANCE IMPACT INVESTMENT LIMITED
MIFIDPRU DISCLOSURES UNDER THE INVESTMENT FIRMS REGIME AND INTERNAL CAPITAL ADEQUACY AND RISK ASSESSMENT (ICARA) PROCESS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
Own Funds Requirements
As a MIFIDPRU investment firm, the Company must at all times maintain own funds that are at least equal to its Own Funds Requirement. As an SNI MIFIDPRU investment firm, the Company’s own funds requirement is the higher of its Permanent Minimum Requirement of £75,000; its Fixed Overheads Requirement; its cost of unmitigated harms from ongoing activities; and its cost of Wind Down Planning. The Fixed Overheads Requirement of a MIFIDPRU investment firm is an amount equal to one quarter of the firm’s relevant expenditure during the preceding year and is £493,638. As an SNI firm, the Company must monitor and disclose its “K-factor requirement”. There is only one applicable K-factor requirement, the “K-AUM”, which is calculated as 0.02% of average assets under management (MIFID business only not Alternative Investment Funds). The Company’s K-AUM for 31 March 2026 is £436. The Basic Liquid Assets Requirement is one third of the Fixed Overheads Requirement or a twelfth of the Relevant Annual Expenditure. The Company maintains cash at bank to cover at least the Basic Liquidity Requirement and therefore satisfies both amount and quality of liquid assets. The cash at bank, which was £835,255 at 31 March 2026, is also sufficient to cover the Fixed Overheads Requirement. The Company undertook an internal capital adequacy and risk assessment (ICARA) process to determine whether it should hold any additional own funds or liquid assets to mitigate material potential harms that remained unmitigated by controls and other actions i.e. where potential residual harm remained. The total cost identified did not exceed the Fixed Overheads Requirement and therefore no additional own funds are required as shown in the table below. The cost of wind-down planning did not exceed Fixed Overheads Requirement and so no additional funds are required in this respect. The Overall Financial Adequacy Rule requires the Company, at all times, to hold own funds and liquid assets which are adequate, both as to their amount and their quality, to ensure that it is able to remain financially viable throughout the economic cycle, with the ability to address any material potential harm that may result from its ongoing activities; and that its business can be wound down in an orderly manner, minimising harm to consumers or to other market participants. Own funds exceed requirements by £351,715 or 171%. The Company’s approach to assessing the adequacy of its own funds, in accordance with the Overall Financial Adequacy Rule, is for Finance and the Resonance Leadership Team to forecast future requirements based on strategy and business planning; and for Finance and Compliance to monitor actual and forecast financial requirements and report to the senior management team (Resonance Leadership Team) and the Board.
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RESONANCE IMPACT INVESTMENT LIMITED
MIFIDPRU DISCLOSURES UNDER THE INVESTMENT FIRMS REGIME AND INTERNAL CAPITAL ADEQUACY AND RISK ASSESSMENT (ICARA) PROCESS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
AIFM Requirements
We anticipate becoming a Full Scope UK Alternative Investment Fund Manager in the next 3-6 months as we submitted our application to the Financial Conduct Authority for a variation of permission in mid May 2026. Therefore, we are also monitoring our own funds under the AIFM requirements which are slightly higher on capital. We are in compliance with both sets of requirements and, once we are approved, we must continue to comply with the higher of the requirements on an ongoing basis.
As the Company has not issued any Additional Tier 1 instruments, there are limited disclosure requirements under this section. The disclosures are set out in the following template tables.
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RESONANCE IMPACT INVESTMENT LIMITED
MIFIDPRU DISCLOSURES UNDER THE INVESTMENT FIRMS REGIME AND INTERNAL CAPITAL ADEQUACY AND RISK ASSESSMENT (ICARA) PROCESS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
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RESONANCE IMPACT INVESTMENT LIMITED
MIFIDPRU DISCLOSURES UNDER THE INVESTMENT FIRMS REGIME AND INTERNAL CAPITAL ADEQUACY AND RISK ASSESSMENT (ICARA) PROCESS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
MIFIDPRU Remuneration Disclosure Statement
Qualitative Disclosure Resonance Impact Investment Limited’s Remuneration Policy complies with the Remuneration Code in relation to its size, nature, scope and complexity of its activities. The policy is aligned to the business strategy, objectives, values and long-term interests in respect of performance and effective risk management in line with the Firm’s risk appetite. Staff and directors are employed by Resonance Limited and then SMCR staff charged on to Resonance Impact Investment Limited. Remuneration for all staff is by way of a fixed salary with no variable remuneration element. The Company does not include financial incentives as part of remuneration. The decision not to offer variable remuneration is made by the Board. There is no remuneration committee and no remuneration consultants are used. Staff are assessed through periodic personal development reviews. Quantitative Disclosure The total amount of remuneration awarded to all Resonance Impact Investment Limited staff for the financial year to 31 March 2026 was £1,598,935. This was entirely fixed remuneration.
NameDaniel Brewer
Date23 July 2026
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RESONANCE IMPACT INVESTMENT LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The directors present their report and the financial statements for the year ended 31 March 2026.
The profit for the year, after taxation, amounted to £32,596 (2025: £80,340).
The directors who served during the year were:
The company's principal financial instruments comprise bank balances, trade creditors and trade debtors. The main purpose of these instruments is to finance the company's operation as fund manager.
The company manages its cash requirements to maximise interest income and minimise interest expense whilst ensuring the company has sufficient liquid resources to meet the operating needs of the business.
FUTURE DEVELOPMENTS
The growth strategy has been discussed in the Strategic Report. ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS The company maintains strong professional and transparent relationships with all of its stakeholders in its role as fund manager. An AGM is held for each of our property funds where various stakeholders get to meet the team, listen to future plans for the funds and receive financial /impact information. We also run housing partner forums where Q&A sessions are held and a variety of speakers share information pertinent to the sector. Financial information including management accounts is shared with each investor quarterly and a substantial impact report is prepared each year including case studies alongside specific fund performance. Each fund investor/housing partner has a dedicated fund manager as their primary contact and is introduced to the wider team to support them through all stages of the fund lifecycle. Suppliers such as contractors, solicitors and management companies are all paid promptly. Our processes are robust in terms of IT security and subject to multiple controls which provides confidence and peace of mind to our suppliers. The Resonance Group is a BCorp and as part of our membership, we strive for continuous improvement throughout our supply chains.
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RESONANCE IMPACT INVESTMENT LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
The auditors, Bishop Fleming Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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RESONANCE IMPACT INVESTMENT LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2026
The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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RESONANCE IMPACT INVESTMENT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RESONANCE IMPACT INVESTMENT LIMITED
We have audited the financial statements of Resonance Impact Investment Limited (the 'Company') for the year ended 31 March 2026, which comprise the Statement of income and retained earnings, the Statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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RESONANCE IMPACT INVESTMENT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RESONANCE IMPACT INVESTMENT LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.
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RESONANCE IMPACT INVESTMENT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RESONANCE IMPACT INVESTMENT LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
∙the nature of the industry and sector, control environment, and business performance including the design of remuneration policies;
∙results of enquiries with management, the directors in relation to their own identification and assessment of the risks of irregularities within the entity;
∙management’s incentives and opportunities for fraudulent manipulation of the Financial Statements (including the risk of override of controls); and
∙any matters we identified having obtained and reviewed the company’s documentation of their policies and procedures relating to: identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we have considered the opportunities and incentives that may exist within the organisation for fraud and identified the highest area of risk to be in relation to revenue recognition, with a particular risk in relation to year-end cut-off. In common with all audits under ISAs (UK) we are also required to perform specific procedures to respond to the risk of management override.
We have also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, FRS 102 and UK tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company’s ability to operate or avoid a material penalty. We identified that the principal risks of non-compliance with laws and regulations related to breaches of UK regulatory principles, specifically those established by the Financial Conduct Authority. Other areas that we considered included data protection legislation and employment law. Our procedures to respond to risks identified included the following:
∙Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
∙Reviewing the financial statement disclosures and testing to supporting documentation to assess the recognition of revenue;
∙Enquiring of Directors and management concerning actual and potential litigation and claims;
∙Performing procedures to confirm material compliance with the requirements of the above regulations;
∙Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks
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RESONANCE IMPACT INVESTMENT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RESONANCE IMPACT INVESTMENT LIMITED (CONTINUED)
of material misstatement due to fraud;
∙Reviewing minutes of Director meetings; and
In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; and assessing whether the judgements made in making accounting estimates are indicative of a potential bias.
With regard to the risks of non-compliance with laws and regulations and breaches of UK regulatory principles, specifically those established by the Financial Conduct Authority, we considered the extent to which non-compliance might have a material effect on the Financial Statements. Our work included:
∙Gaining an understanding current activities, the scope of authorisation and the effectiveness of the control environment;
∙reading any relevant correspondence with the Financial Conduct Authority;
∙reviewing registers maintained regarding any complaints, errors and breaches; and
∙discussions with management and the compliance staff.
We also communicated identified laws and regulations and potential fraud risks to all members of the engagement team and remained alert to possible indicators of fraud or non-compliance with laws and regulations throughout the audit.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditors
10 Temple Back
BS1 6FL
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RESONANCE IMPACT INVESTMENT LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2026
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RESONANCE IMPACT INVESTMENT LIMITED
REGISTERED NUMBER:07349971
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 17 to 24 form part of these financial statements.
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RESONANCE IMPACT INVESTMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
The Company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
The Great Barn
5 Scarne Court
Hurdon Road
Launceston
Cornwall
PL15 9LR
2.ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).
This information is included in the consolidated financial statements of Resonance Limited as at 31/03/2026 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.
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RESONANCE IMPACT INVESTMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.ACCOUNTING POLICIES (CONTINUED)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
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RESONANCE IMPACT INVESTMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.ACCOUNTING POLICIES (CONTINUED)
There are no key sources of estimation uncertainty or judgements in the financial statements.
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RESONANCE IMPACT INVESTMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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RESONANCE IMPACT INVESTMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
10.TAXATION (CONTINUED)
There were no factors that may affect future tax charges.
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RESONANCE IMPACT INVESTMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Profit and loss account
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RESONANCE IMPACT INVESTMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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RESONANCE IMPACT INVESTMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
The parent undertaking of the largest group to consolidate these financial statements is
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