REGISTERED NUMBER: 16358523 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Period 1 April 2025 to 31 December 2025

for

Everpath Limited

Page

Company Information

1

Report of the Directors

2

Statement of Comprehensive Income

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Financial Statements

6

DIRECTORS:

C Jarmouni

F Kabalan

P Hardwick

REGISTERED OFFICE:

12-14 Ansdell Street

London

W8 5BN

REGISTERED NUMBER:

16358523 (England and Wales)

The directors present their report with the financial statements of the company for the period 1 April 2025 to 31 December 2025.

INCORPORATION

The company was incorporated on 1 April 2025 .

DIRECTORS

The directors who have held office during the period from 1 April 2025 to the date of this report are as follows:

C Jarmouni - appointed 1 April 2025

F Kabalan - appointed 1 April 2025

P Hardwick - appointed 1 April 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

F Kabalan - Director

21 September 2026

TURNOVER

-

Administrative expenses

764,279

(764,279

)

Other operating income

26

OPERATING LOSS and

LOSS BEFORE TAXATION

4

(764,253

)

Tax on loss

5

-

LOSS FOR THE FINANCIAL PERIOD

(764,253

)

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

(764,253

)

CURRENT ASSETS

Debtors

6

12,911

Cash at bank

3,521

16,432

CREDITORS

Amounts falling due within one year

7

780,684

NET CURRENT LIABILITIES

(764,252

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(764,252

)

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

9

(764,253

)

SHAREHOLDERS' FUNDS

(764,252

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by:

F Kabalan - Director

P Hardwick - Director

Called up

share

Retained

Total

capital

earnings

equity

$

$

$

Changes in equity

Issue of share capital

1

-

1

Total comprehensive income

-

(764,253

)

(764,253

)

Balance at 31 December 2025

1

(764,253

)

(764,252

)

1.	STATUTORY INFORMATION

Everpath Limited 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 preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounting policies set out below have, unless otherwise stated, been applied consistently.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

•

the requirements of IFRS 7 Financial Instruments: Disclosures;

•

the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;

•

the requirements of

-

paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

-

paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

•

the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;

•

the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;

•

the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group;

Financial instruments classification

Financial assets measured at amortised cost

The Company classifies its financial assets as at amortised cost only if both of the following criteria are met:

-

The asset is held within a business model whose objective is to collect the contractual cash flows; and

-

The contractual terms give rise to cash flows that are solely payments of principal and interest.

According to IAS 1, if the entity has gains/losses arising from the derecognition of financial assets measured at amortised cost, it can be presented as a separate line item on the face of the Income Statement.

The Company's financial assets measured at amortised cost comprise "debtors" and "cash at bank" in the Balance Sheet.

Financial liabilities measured at amortised cost

The Company's financial liabilities measured at amortised cost comprise "creditors: amounts falling due within one year".

Interest-bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost using the effective interest method less.

Cash at bank

Cash represents deposits held on demand with financial institutions. Cash equivalents are short- term, highly-liquid investments with original maturities of three months or less (as at their date of acquisition). Cash equivalents are readily convertible to known amounts of cash and subject to an insignificant risk of change in that cash value.

Taxation

Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the balance sheet date.

Foreign currencies

Functional and presentation currency

These financial statements are presented in US Dollars (USD), which is the Company's functional currency. The Directors consider that overall the USD represents the economic environment in which the Company operates: oil and petroleum products are normally traded internationally in USD; the Company's financing is always obtained in USD and its cash reserves are also held in USD.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at the year end exchange rates are recognised in the statement of comprehensive income.

Employee benefit costs

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

3.	EMPLOYEES AND DIRECTORS

There were no staff costs for the period ended 31 December 2025.

The average number of employees during the period was as follows:

Directors

3

$

Directors' remuneration

-

4.	LOSS BEFORE TAXATION

The loss before taxation is stated after charging/(crediting):

$

Foreign exchange differences

(26

)

5.

TAXATION

Analysis of tax expense

No liability to UK corporation tax arose for the period.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

$

Prepayments

12,911

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

$

Amounts owed to group undertakings

780,684

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

$

1

Ordinary

£1.00

1

1 Ordinary share of £1.00 was allotted and fully paid for cash at par during the period.

9.

RESERVES

Retained

earnings

$

Deficit for the period

(764,253

)

At 31 December 2025

(764,253

)