Director’s loan
During the year, the company received funding of £500,000 from its director, Mr Viresh Chandarana. The director financed this advance through a personal unsecured loan facility obtained from LBRYL Limited. The company was not a party to the loan agreement between the director and LBRYL Limited.
At 31 August 2025, the total amount due to the director was £562,799, which was included within creditors falling due within one year. The £500,000 advance forming part of this balance was repaid in full after the year end.
The amounts advanced by the director to the company were unsecured, interest-free and repayable on demand.