Fairmay Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13195810

		30 March 2026		30 September 2025
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	510,564		1,016,819
Cash at bank and in hand		424,783		11

		935,347		1,016,830
Creditors: Amounts Falling Due Within One Year	5	(6,900 )		(59,132 )

NET CURRENT ASSETS (LIABILITIES)			928,447		957,698

TOTAL ASSETS LESS CURRENT LIABILITIES			928,447		957,698

NET ASSETS			928,447		957,698

CAPITAL AND RESERVES
Called up share capital	6		1,650,000		1,650,000
Profit and Loss Account			(721,553 )		(692,302 )

SHAREHOLDERS' FUNDS			928,447		957,698

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Fairmay Ltd

Balance Sheet (continued)

As At 30 March 2026

For the period ending 30 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Ingus Linkevics

Director

28th August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Fairmay Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13195810 . The registered office is 86-90 Paul Street , London, EC2A 4NE.

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.

Accounting period and reporting date

During the period, the company changed its accounting reference date from 30 September to 30 March. These financial statements are therefore prepared for the period from 1 October 2025 to 30 March 2026. The comparative figures are for the year ended 30 September 2025 and cover a twelve-month period, and the results for the two periods are accordingly not directly comparable.

2.2. Going Concern Disclosure

The financial statements have been prepared on the going concern basis.

During the period, a winding-up order made against the company on 21 December 2025 was rescinded on 21 January 2026, and the banking facilities that had been suspended were reinstated on 3 February 2026. The company continued in operation throughout and the director does not consider that the order affects the basis of preparation of these financial statements.

The company had not commenced trading and had no revenue during the period, and at the reporting date held cash resources of £424,783. It remains reliant on the continued financial support of its investor and director to meet its liabilities as they fall due and to carry out its business plan. That support has been confirmed and, since the reporting date, further funds have been received, including a partial repayment of the shareholder loan referred to in note 9.

Having assessed the company's forecasts and the funding available to it, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and has concluded that no material uncertainty exists in relation to the company's ability to continue as a going concern. Accordingly the financial statements have been prepared on the going concern basis.

2.3. 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 profit.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1 (2025: 1)

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Fairmay Ltd

Notes to the Financial Statements (continued)

For the Period 1 October 2025 to 30 March 2026

4. Debtors

	30 March 2026	30 September 2025
	£	£
Due within one year
Other debtors	510,564	1,016,819

5. Creditors: Amounts Falling Due Within One Year

	30 March 2026	30 September 2025
	£	£
Trade creditors	-	34,554
Other creditors	6,900	8,101
Taxation and social security	-	16,477

	6,900	59,132

6. Share Capital

	30 March 2026	30 September 2025
Allotted, called up and fully paid	£	£
3,095,140 Ordinary Shares of £ 0.10 each	309,514	309,514

	30 March 2026	30 September 2025
Allotted, called up but not fully paid	£	£
13,404,860 Ordinary A shares of £ 0.10 each	1,340,486	1,340,486

Unpaid share capital:
At the period end, a balance of £53,448 of unpaid share capital remained outstanding at the date these financial statements were approved.

Share classes:
The Ordinary shares and Ordinary A shares each carry equal voting rights and equal rights to participate in any dividend or distribution. There is no economic or governance distinction between the two designations.

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Fairmay Ltd

Notes to the Financial Statements (continued)

For the Period 1 October 2025 to 30 March 2026

7. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 October 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 30 March 2026
	£	£	£	£	£
Mr Ingus Linkevics	-	64,728	(61,917 )	-	2,811

The above loan is unsecured, interest free and repayable on demand.

8. Post Balance Sheet Events

Authorisation as an electronic money institution

On 31 March 2026, the day following the reporting date, the company was authorised by the Financial Conduct Authority as an electronic money institution. The company had not commenced trading at the reporting date and held no relevant funds requiring safeguarding.

9. Related Party Transactions

Shareholder loan
Mr Sergejs Loks is a shareholder of the company, holding 57.58% of the issued share capital, and accordingly holds a participating interest.

On 28 October 2025, the company received USD 600,000 (£452,215) from Mr Loks as subscription monies in respect of shares. On 10, 12 and 16 February 2026 the company advanced USD 200,000 on each date, USD 600,000 in aggregate (£452,215), to Mr Loks.

The amount due from Mr Loks at the reporting date was USD 600,000 (£452,215), which is included within debtors falling due within one year. The loan is unsecured, is interest free and has no fixed date for repayment, and is accordingly repayable on demand. The loan is denominated in US dollars and is retranslated at the rate ruling at the reporting date.

No amounts due from Mr Loks were written off or provided against during the period, and no guarantees have been given or received.

The loan was partially repaid after the period end, with the balance exepcted to be repaid by the 31 December 2026.

Transactions with the Director
During the period, the director, Mr Ingus Linkevics, settled liabilities of the company from his personal resources: £45,304.38 due to Addleshaw Goddard LLP on 6 January 2026 and £16,477.37 of PAYE arrears due to HM Revenue & Customs on 23 January 2026, £61,781.75 in aggregate.

The amount due from Mr Linkevics at the reporting date was £2,810.58, which is included within debtors payable within one year. The balance is unsecured, interest free and payable on demand.

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