REGISTERED NUMBER: 11087795 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Iconomi Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mr P Curk

Mr I M Ladd Gibbon

Mr J Valjavec

Mr T M Zagar

Mr R Znidar

REGISTERED OFFICE:

8 Coldbath Square

London

London

EC1R 5HL

REGISTERED NUMBER:

11087795 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Intangible assets

4

2,992,722

5,017,898

Tangible assets

5

707

942

Investments

6

2,438,380

2,340,927

5,431,809

7,359,767

CURRENT ASSETS

Debtors

7

-

544,145

Prepayments and accrued income

-

39,539

Cash at bank

791,766

223,228

791,766

806,912

CREDITORS

Amounts falling due within one year

8

306,521

204,712

NET CURRENT ASSETS

485,245

602,200

TOTAL ASSETS LESS CURRENT LIABILITIES

5,917,054

7,961,967

CREDITORS

Amounts falling due after more than one year

9

90,580

122,046

NET ASSETS

5,826,474

7,839,921

CAPITAL AND RESERVES

Called up share capital

4,461

4,461

Share premium

5,588,107

5,588,107

Revaluation reserve

10

90,946

-

Retained earnings

142,960

2,247,353

5,826,474

7,839,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 profit or loss 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

Mr P Curk - Director

1.	STATUTORY INFORMATION

Iconomi Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Iconomi Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Judgements and key sources of estimation uncertainty

The preparation of financial statements under FRS 102 requires the Company to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the year. Estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

The directors have considered the above and do not believe that there are any estimates or assumptions which have a significant effect on the amounts recognised in the financial statements that require disclosure.

Revenue recognition

Revenue relates to net commission retained for cryptocurrency broking trades. It is recognised at the trade date of the Over The Counter (OTC) contract. Where amounts are received in cryptocurrency, the exchange rate at the date of the trade is used.

Income also relates to services provided to other group entities and is recognised at the point at which the services are provided in accordance with the underlying agreement. All amounts are exclusive of VAT.

Income also relates to platform fees which are recognised in accordance with the underlying platform fee agreements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets relate to crypto assets held by the firm for investment purposes. All assets held have a liquid, active market and therefore a fair value is readily available and can be accurately ascertained. Intangible assets are revalued to fair value with increased in market value being recognised through other comprehensive income (OCI) and accumulate in the revaluation reserve. An increase is Recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the asset's carrying value is recognised in OCI to the extent of any previously recognised revaluation increase accumulated in the revaluation reserve in respect of that asset. Any excess shall be recognised in profit and loss.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

At 1 January 2025

5,017,898

Additions

100,847

Revaluations

(1,092,695

)

Reclassification/transfer

(1,023,243

)

At 31 December 2025

3,002,807

AMORTISATION

Charge for year

10,085

At 31 December 2025

10,085

NET BOOK VALUE

At 31 December 2025

2,992,722

At 31 December 2024

5,017,898

Cost or valuation at 31 December 2025 is represented by:

Other

intangible

assets

£

Valuation in 2024

5,017,898

Valuation in 2025

(2,015,091

)

3,002,807

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

1,256

DEPRECIATION

At 1 January 2025

314

Charge for year

235

At 31 December 2025

549

NET BOOK VALUE

At 31 December 2025

707

At 31 December 2024

942

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 January 2025

2,340,927

Additions

6,507

Revaluations

90,946

At 31 December 2025

2,438,380

NET BOOK VALUE

At 31 December 2025

2,438,380

At 31 December 2024

2,340,927

Cost or valuation at 31 December 2025 is represented by:

Shares in

group

undertakings

£

Valuation in 2024

2,340,927

Valuation in 2025

97,453

2,438,380

The investment of £2,038,380 represents the 100% investment held in Iconomi d.o.o.

On 22 December 2023, the company acquired 100% of the share capital of Triaconta BV for £302,547.

On 28 July 2025, the company acquired 100% of the share capital of Iconomi Europe DOO for £6,507.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

-

544,145

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

368,050

6,628

Amounts owed to group undertakings

26,010

26,010

Taxation and social security

(128,375

)

157,445

Other creditors

40,836

14,629

306,521

204,712

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

90,580

122,046

10.

RESERVES

Revaluation

reserve

£

Revaluation

90,946

At 31 December 2025

90,946

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Iconomi Ltd for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Iconomi Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Iconomi Ltd and state those matters that we have agreed to state to the Board of Directors of Iconomi Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Iconomi Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Iconomi Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Iconomi Ltd. You consider that Iconomi Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Iconomi Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

Date: .............................................