Contents of the Financial Statements

for the Period Ended 31 December 2025

Directors' report period ended 31 December 2025

The directors present their report with the financial statements of the company for the period ended 31 December 2025

Directors

The directors shown below have held office during the whole of the period from
1 January 2025 to 31 December 2025

The director shown below has held office during the period of
19 November 2025 to 31 December 2025

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
9 September 2026

And signed on behalf of the board by:
Name: Paul O'Neill
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2025

Balance sheet

As at 31 December 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2025 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Other accounting policies

  Income and Expenditure - Income and expenses are recognised in these financial statements on an accruals basis. Going concern - The directors have prepared the financial statements on a going concern basis. The directors consider this to be appropriate as they have received assurances from the Company's shareholders to the effect that they will continue to make funds available to the Company for the foreseeable future and thus the Company will be able to meet the obligations of its liabilities as and when they fall due. Investments - Unquoted investments are held on the balance sheet at their net asset value less any provision for impairment. Consideration for impairment of unquoted investments is undertaken during the financial year and any adjustment is recognised in the profit and loss account. Foreign Currencies - Assets and liabilities are translated to Sterling at the exchange rates ruling at the balance sheet date, any differences arising are taken to the profit and loss account. Transactions in foreign currencies are translated to Sterling at the exchange rates ruling at the date of the transaction. Taxation - The Company has registered as a Guernsey tax resident company by virtue of the Company being centrally managed and controlled in Guernsey. The Company is subject to the standard rate of Guernsey tax (0%). With effect from 01 January 2019, companies that are Guernsey tax resident will potentially be subject to Economic Substance legislation under The Income Tax (Substance Requirements) (Guernsey) (Amendment) Ordinance, 2018 (“the Regulations”). In response to the Regulations, the Directors have taken the appropriate steps to review the Company’s affairs in accordance with the prescribed requirements of Economic Substance. During the year, the Company was outside the scope of Guernsey Economic Substance because no income was received from a relevant activity.

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	0	0