Locustworld Limited

	Page
Accountant's Report	1
Statement of Financial Position	2—3
Notes to the Financial Statements	4—7

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Locustworld Limited for the year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Locustworld Limited for the year ended 31 March 2026 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

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

This report is made solely to the directors of Locustworld Limited , as a body, in accordance with the terms of our engagement letter dated 22 August 2017. Our work has been undertaken solely to prepare for your approval the accounts of Locustworld Limited and state those matters that we have agreed to state to the directors of Locustworld Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Locustworld Limited and its directors, as a body, for our work or for this report.

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

We have not been instructed to carry out an audit of the accounts of Locustworld Limited . 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 financial statements.

17 September 2026

Ascendant Partners Limited

Second Floor, Curzon House

24 High Street

Banstead

Surrey

SM7 2LJ

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Locustworld Limited

Statement of Financial Position

As At 31 March 2026

Statement of Financial Position

Registered number: 04183625

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		363		656

			363		656
CURRENT ASSETS
Stocks	5	1,620		5,400
Debtors	6	10,951		3,373
Cash at bank and in hand		157,448		131,566

		170,019		140,339
Creditors: Amounts Falling Due Within One Year	7	(30,158 )		(22,613 )

NET CURRENT ASSETS (LIABILITIES)			139,861		117,726

TOTAL ASSETS LESS CURRENT LIABILITIES			140,224		118,382

PROVISIONS FOR LIABILITIES
Deferred Taxation			(69 )		(125 )

NET ASSETS			140,155		118,257

CAPITAL AND RESERVES
Called up share capital	8		730		730
Share premium account			99,945		99,945
Income Statement			39,480		17,582

SHAREHOLDERS' FUNDS			140,155		118,257

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Locustworld Limited

Statement of Financial Position (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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 Income Statement.

On behalf of the board

R Lander

Director

17 September 2026

The notes on pages 4 to 7 form part of these financial statements.

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Locustworld Limited

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Locustworld Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04183625 . The registered office is Second Floor, Curzon House, 24 High Street, Banstead, Surrey, SM7 2LJ.

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.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. The sale of goods is recognised on the date of despatch.

Rendering of services

Turnover from the sale of services is recognised in the period to which they relate.

2.4. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% per annum on reducing balance
Computer Equipment	25% per annum on cost

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Locustworld Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

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Locustworld Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	1,450	3,262	4,712

As at 31 March 2026	1,450	3,262	4,712

Depreciation
As at 1 April 2025	966	3,090	4,056
Provided during the period	121	172	293

As at 31 March 2026	1,087	3,262	4,349

Net Book Value
As at 31 March 2026	363	-	363

As at 1 April 2025	484	172	656

5. Stocks

	2026	2025
	£	£
Stock	1,620	5,400

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	145	-
Prepayments and accrued income	139	402
Corporation tax recoverable assets	10,667	2,971

	10,951	3,373

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Locustworld Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	1,501	1,881
Corporation tax	4,030	150
Other taxes and social security	5,642	4,715
Accruals and deferred income	1,745	2,043
Directors' loan accounts	5,561	2,130
Amounts owed to group undertakings	11,679	11,694

	30,158	22,613

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	730	730

9. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	10,001	-

10. Related Party Transactions

Locustworld Holdings Limited owns both Locustworld Limited and Locustworld Bissau SARL. During the year

under review the company paid licence fees of £36,100 (2025: £33,100) and made sales of £33,900 (2025: £30,900) to Locustworld Holdings Limited.

At the balance sheet date, the amounts outstanding were as follows:

	2026		2025
	Due from £	Due to £	Due from £	Due to £
Locustworld Bissau, SARL	-	10,380	-	10,380
Locustworld Holdings Limited	-	1,299	-	1,314
	-	11,679	-	11,694

11. Ultimate Controlling Party

The company is a wholly-owned subsidiary of Locustworld Holdings Limited, which is controlled by R Lander and

J Hudson. Locustworld Holdings Limited registered office address is Second Floor, Curzon House, 24 High St,

Banstead SM7 2LJ.

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