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REGISTERED NUMBER: 07087435 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th November 2025

for

Shadow World Investigations Limited

| Shadow World Investigations Limited (Registered number: 07087435) |

Contents of the Financial Statements

for the Year Ended 30th November 2025

Page |

| Balance Sheet | 1 |

| Shadow World Investigations Limited (Registered number: 07087435) |

Balance Sheet

30th November 2025

| 30/11/25 |  | 30/11/24

£ | £ |

CURRENT ASSETS | 311,913 |  | 40,912 |  |

CREDITORS

Amounts falling due within one year | (313,399 | ) | (40,912 | ) |

NET CURRENT LIABILITIES | (1,486 | ) | - |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (1,486 | ) | - |  |

RESERVES | (1,486 | ) | - |  |

NOTES TO THE FINANCIAL STATEMENTS

1. | STATUTORY INFORMATION

| Shadow World Investigations Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 07087435

| Registered office: | 7 Cavendish Square

| London

| W1G 0PE

2. | AVERAGE NUMBER OF EMPLOYEES

| The average number of employees during the year was 6 (2024 - 6 ) .

3. | INCOME FROM GRANT-MAKERS DURING FY 2024/25

|  | Income B/F |  | Income Received |  | Expenditure by |  | Balance C/F |  |

|  | Nov 2024 |  | during the year |  | Fund |  | Nov 2025 |  |

|  | (A | ) | (B | ) | (C | ) | (=A+B-C | ) |

| Joseph Rowntree Charitable Trust |  | 5,208 |  | 77,174 |  | 74,672 |  | 7,710 |  |

| Peace & Justice Project |  | 11,357 |  | 0 |  | 8,380 |  | 2,977 |  |

| Bertha Foundation |  | 43,345 |  | 85,492 |  | 80,815 |  | 48,022 |  |

| World Peace Foundation for C |  | 2,710 |  | 4,301 |  | 5,851 |  | 1,160 |  |

| Miscellaneous |  | 2,500 |  | 795 |  | 399 |  | 2,896 |  |

| RosaLux Stiftung |  | (11,275 | ) | 11275 |  | 0 |  | 0 |  |

| Corruption Tracker project funds |  | 5,345 |  | 2,833 |  | 3,445 |  | 4,733 |  |

| Donations |  | 0 |  | 572 |  | 5 |  | 567 |  |

| Shadow World Investigations South Africa |  | (9,741 | ) | 34,655 |  | 57,305 |  | (32,391 | ) |

| Major Donor |  | (8,758 | ) | 300,000 |  | 110,765 |  | 180,477 |  |

| Books and Event Sales |  | 222 |  | 4,098 |  | 4,719 |  | (399 | ) |

| Society of Authors |  | 0 |  | 3,500 |  | 2,745 |  | 755 |  |

| Members of the European Parliament for Data Mapping project |  | 0 |  | 5,083 |  | 5,083 |  | 0 |  |

| Roddick Foundation |  | 0 |  | 25,000 |  | 25,000 |  | 0 |  |

| Network for Social Change |  | 0 |  | 20,000 |  | 17,957 |  | 2,043 |  |

| Lansbury House Trust Fund |  | 0 |  | 75,000 |  | 21,635 |  | 53,365 |  |

| TOTAL |  | 40,913 |  | 649,778 |  | 418,776 |  | 271,915 |  |

| Shadow World Investigations Limited (Registered number: 07087435) |

Balance Sheet - continued

30th November 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 4th August 2026 and were signed on its behalf by:

Mr G Virdi - Director