ACCOUNTS - Final Accounts preparation

Registered number: 13800635

KINTSUGI RESERVE MANAGEMENT LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

KINTSUGI RESERVE MANAGEMENT LTD

REGISTERED NUMBER: 13800635

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	5		-		42,761
			-		42,761
Current assets
Debtors: amounts falling due within one year	6	1		1
		1		1
Creditors: amounts falling due within one year	7	-		(93,437)
Net current assets/(liabilities)			1		(93,436)
Total assets less current liabilities			1		(50,675)

Net assets/(liabilities)			1		(50,675)

Capital and reserves
Called up share capital	8	1	1
Profit and loss account		-	(50,676)
		1	(50,675)

Page 1

KINTSUGI RESERVE MANAGEMENT LTD

REGISTERED NUMBER: 13800635

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 September 2026.

D L Harz

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

KINTSUGI RESERVE MANAGEMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Kintsugi Reserve Management Ltd is a private company, limited by shares, and incorporated in England and Wales (registration number: 13800635). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis. However, the directors are aware of uncertainties regarding the Company’s ability to continue as a going concern due to the intention to apply for the Company to be struck off the register. While the directors consider the preparation of the financial statements on a going concern basis to be appropriate at the date of approval, these circumstances indicate the existence of a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern. The Kintsugi chain ceased operating following a decision taken by Kintsugi Labs, a separate company. The directors consider that this confirms the tokens had no recoverable value at the balance sheet date, and the year-end balances have accordingly been written off, consider the assets and liabilities to have had no recoverable value at the balance sheet date. As such the year end balance have been written off.

Page 3

KINTSUGI RESERVE MANAGEMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

2.4

Intangible assets

Intangible assets comprise primarily of cryptocurrency and other digital assets. Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Intangible assets consisting of cryptocurrencies and other digital assets held for investment are determined to have an indefinite useful economic life. These assets are therefore not amortised but reviewed and tested for impairment on a regular basis.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

KINTSUGI RESERVE MANAGEMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

Management has exercised judgement in selecting the principal or most advantageous market for each class of digital asset, based on trading volume, liquidity, and reliability of pricing data. The Company typically uses active exchanges where the digital assets are traded in high volumes and prices are publicly observable.

The fair value of digital assets is determined using quoted prices in active markets (Level 1 inputs) when available. The highly volatile nature of digital asset markets increases the risk that the fair value of such assets may change significantly over short periods. The Company reassesses fair values at each reporting date.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

5.	Intangible assets

		Digital Assets
		£
	Cost
	At 1 January 2025	42,761
	At 31 December 2025	42,761
	Amortisation
	Impairment charge	42,761
	At 31 December 2025	42,761
	Net book value
	At 31 December 2025	-
	At 31 December 2024	42,761

Debtors

					2025	2024
					£	£


Other debtors	1	1

Page 5

KINTSUGI RESERVE MANAGEMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.Debtors (continued)

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

	Amounts owed to group undertakings	-	93,437

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1.00	1	1

Page 6