REGISTERED NUMBER: 13697512 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

2X GLOBAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms J Braswell

Ms J Espinoza Trujano

Ms S Basran

Dr K Fernandes

Ms H M Kipnis

Ms H J Abou-Jamra

Ms C J De Nijs

Ms I Awosika

R Arora

REGISTERED OFFICE:

25

Cabot Square

London

E14 4QZ

REGISTERED NUMBER:

13697512 (England and Wales)

SENIOR STATUTORY AUDITOR:

Robert Kempson ACA

INDEPENDENT AUDITORS:

Edwards

Chartered Accountants

Statutory Auditor

34 High Street

Aldridge

Walsall

West Midlands

WS9 8LZ

NON-CURRENT ASSETS

Intangible assets

4

9,353

819

Tangible assets

5

10,020

18,389

Investments

6

10,097

10,097

29,470

29,305

CURRENT ASSETS

Receivables

7

360,833

640,064

Term deposits

8

6,258,758

-

Cash and cash equivalents

3,486,497

10,414,605

10,106,088

11,054,669

PAYABLES

Amounts falling due within one year

9

7,478,448

9,428,741

NET CURRENT ASSETS

2,627,640

1,625,928

TOTAL ASSETS LESS CURRENT LIABILITIES

2,657,110

1,655,233

RESERVES

Surplus

2,657,110

1,655,233

2,657,110

1,655,233

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 2 September 2026 and were signed on its behalf by:

Ms J Espinoza Trujano - Director

1.	STATUTORY INFORMATION

2X Global Limited is a private company, limited by guarantee , 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.

Revenue

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

Membership income is recognised in the period to which the supply relates. Any deferred income at the period end is recognised in accruals and deferred income.

Grants relating to revenue expenditure are recognised in revenue on a systematic basis over the periods in which the entity recognised the related costs for which the grant is intended to compensate. Any deferred income at the period end is recognised in Accruals and deferred income, and any accrued income at the period end is recognised in prepayments and accrued income.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible 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

-

33.33% on cost

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term receivables are measured at the transaction price, less any impairment.

Short term payables are measured at the transaction price.

Taxation

Taxation for the year comprises current 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.

The main activities of 2X Global Limited comprise the provision of a global membership network and as a field-building organisation for investors, these are non-trading activities and not subject to Corporation Tax.

Foreign currencies

The Company's functional and presentational currency is GBP.

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.

Going concern

The company has cash resources to meet its day to day working capital requirements, Current forecasts indicate the company expects to operate within these facilities for the foreseeable future. Accordingly, the directors believe it is appropriate to prepare the annual financial statements on the going concern basis.

Cash and cash equivalents

Cash and cash equivalents includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Term deposits

Term deposits included within current assets relate to contracts held on foreign currency which are due to expire in less than 12 months, but more than 3 months from the balance sheet date.

Value added tax

Revenue shown in profit or loss shall exclude VAT and other similar taxes on taxable outputs. Expenses shall exclude recoverable VAT and other similar recoverable taxes.

The Company provides both business and non-business supplies, therefore VAT recovery on input VAT is restricted on a proportionate basis to the business activities of the Company. The non-business proportion is recognised under Irrecoverable VAT in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	INTANGIBLE ASSETS

Patents

and

licences

£

Cost

At 1 January 2025

910

Additions

9,159

At 31 December 2025

10,069

Amortisation

At 1 January 2025

91

Amortisation for year

625

At 31 December 2025

716

Net book value

At 31 December 2025

9,353

At 31 December 2024

819

5.	TANGIBLE ASSETS

Plant and

Office

machinery

equipment

Totals

£

£

£

Cost

At 1 January 2025

1,198

33,187

34,385

Additions

-

2,896

2,896

At 31 December 2025

1,198

36,083

37,281

Depreciation

At 1 January 2025

1,116

14,880

15,996

Charge for year

82

11,183

11,265

At 31 December 2025

1,198

26,063

27,261

Net book value

At 31 December 2025

-

10,020

10,020

At 31 December 2024

82

18,307

18,389

6.	INVESTMENTS

Other

investments

£

Cost

At 1 January 2025

and 31 December 2025

10,097

Net book value

At 31 December 2025

10,097

At 31 December 2024

10,097

The Company made an investment of £10,097 in its wholly-owned subsidiary, 2X Ignite Ltd, in the previous financial year. There have been no changes to this balance during the year, and the directors consider the carrying value of the investment to remain appropriate, with no indication of impairment.

7.	RECEIVABLES: AMOUNTS FALLING

DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade receivables

146,111

173,008

Amounts owed by participating interests

55,477

75

Other receivables

143,202

140,018

Prepayments and accrued income

16,043

326,963

360,833

640,064

8.	TERM DEPOSITS

2025

2024

as restated

£

£

Term deposits

6,258,758

-

Term deposits included within current assets relate to contracts held on foreign currency which are due to expire in less than 12 months, but more than 3 months from the balance sheet date.

9.	PAYABLES: AMOUNTS FALLING DUE

WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade payables

34,618

18,496

Social security and other taxes

18,052

15,470

VAT

1,225

24,525

Other payables

6,694,233

7,824,116

Accruals and deferred income

730,320

1,546,134

7,478,448

9,428,741

At the year end $8,276,017 (£6,247,229), 2024: $9,309,138 (£7,408,690) was held in other creditors for pass-through grant funds in relation to the Resilient Futures Fund (RFF), formerly Climate Gender Equity Fund (CGEF). Also held in other creditors, was €508,229 (£447,003), 2024: €500,000 (£414,508) in relation to pass-through funds for the KfW Technical Assistance Facility, which includes interest earned and forms part of the total pass-through balance.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Kempson ACA (Senior Statutory Auditor)

for and on behalf of Edwards

11.	RELATED PARTY TRANSACTIONS

During the year, three members of the board of directors who are acting in a non-executive capacity received compensation totalling £30,000 (2024 - £25,833).

2X Ignite Limited is a wholly owned subsidiary of 2X Global Ltd. At the year end, a balance of £55,477 (2024: £75) was owed from 2X Ignite Limited.

12.	ULTIMATE CONTROLLING PARTY

As at 31 December 2025, the ultimate controlling party of 2X Global Ltd, a company limited by guarantee, is the directors. Control is exercised through the directorship of the company. The directors are responsible for the management of the company towards the promotion of its objectives, in accordance with the Articles of Association. The directors are listed on the Company Information page on Page 1 of these financial statements.

13.	MEMBER'S LIABILITY

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.