Dig Deep Challenges Limited

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

1. General Information

Dig Deep Challenges Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 08591740 . The registered office is The Circle, 33 Rockingham Lane, Sheffield, S1 4FW.

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 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Computer Equipment

33.33% Straight Line

2.4. 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 surplus.

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Dig Deep Challenges Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax is recognised in surplus or deficit for the year, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case current tax is recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 5)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2025	3,153
Additions	1,453

As at 31 December 2025	4,606

Depreciation
As at 1 January 2025	2,794
Provided during the period	664

As at 31 December 2025	3,458

Net Book Value
As at 31 December 2025	1,148

As at 1 January 2025	359

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	10,565	10,565

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Dig Deep Challenges Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to group undertakings	329,483	119,444
Other creditors	4,800	1,950
Taxation and social security	4,117	981

	338,400	122,375

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

8. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

9. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Dig Deep (Africa) . Dig Deep (Africa) was incorporated in England. Copies of the group accounts may be obtained from the secretary, The Circle, 33 Rockingham Lane, Sheffield, England, S1 4FW . The ultimate controlling party is Dig Deep (Africa) .

10. Audit Information

The auditor's report on the accounts of Dig Deep Challenges Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Robert Wilson FCA (Senior Statutory Auditor) for and on behalf of Godfrey Wilson Limited , Statutory Auditor.

Godfrey Wilson Limited

2nd Floor, South

One Castle Park

Tower Hill

Bristol

BS2 0JA

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,148		359

			1,148		359
CURRENT ASSETS
Debtors	5	10,565		10,565
Cash at bank and in hand		327,835		111,810

		338,400		122,375
Creditors: Amounts Falling Due Within One Year	6	(338,400 )		(122,375 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,148		359

NET ASSETS			1,148		359

Income and Expenditure Account			1,148		359

MEMBERS' FUNDS			1,148		359