HPC UK NAV LENDING LIMITED

Company Registration Number:
16151294 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2025

Period of accounts

Start date: 24 December 2024

End date: 31 December 2025

HPC UK NAV LENDING LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2025

Balance sheet
Notes

HPC UK NAV LENDING LIMITED

Balance sheet

As at 31 December 2025


Notes
2025


£
Fixed assets
Investments: 3 33,531,665
Total fixed assets: 33,531,665
Current assets
Debtors: 4 10,479
Total current assets: 10,479
Creditors: amounts falling due within one year: 5 (33,385)
Net current assets (liabilities): (22,906)
Total assets less current liabilities: 33,508,759
Creditors: amounts falling due after more than one year: 6 (33,505,383)
Total net assets (liabilities): 3,376
Capital and reserves
Called up share capital: 1
Profit and loss account: 3,375
Shareholders funds: 3,376

The notes form part of these financial statements

HPC UK NAV LENDING LIMITED

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 September 2026
and signed on behalf of the board by:

Name: Stephen Swentzel
Status: Director

The notes form part of these financial statements

HPC UK NAV LENDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

1. Accounting policies

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

HPC UK NAV LENDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

2. Employees

2025
Average number of employees during the period 0

HPC UK NAV LENDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

3. Fixed investments

Financial assets at fair value through profit or loss (USD) Dec 25 (Costs) Dec 25 (Fair Value) Bank debt investments 32,331,742 33,531,665 The following table summarises the changes in fair value of the Company’s investments for the period ended 31 December 2025. Investments (USD) Balance at 24 December 2024 (date of incorporation) Purchases 2,017,559 Draw 27,436,545 Payment in kind 2,677,536 Amortisation 200,103 Net gain held at fair value through profit or loss 1,199,922 Balance 31 December 2025: 33,531,665

HPC UK NAV LENDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

4. Debtors

2025
£
Debtors due after more than one year: 10,479

HPC UK NAV LENDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

5. Creditors: amounts falling due within one year note

USD Amounts owed to group undertakings 2,471 Taxation 800 Accruals 30,168

HPC UK NAV LENDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

6. Creditors: amounts falling due after more than one year note

USD Participation of bank debt investments 2,277,954 Amounts due to group undertakings 31,227,429

HPC UK NAV LENDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

7. Financial commitments

As at 31 December 2025, Tranches B and C of the Company’s lending facility remained committed but unfunded. The gross committed amounts were $31,674,194 in respect of Tranche B and $8,865,970 respectively in Tranche C.

HPC UK NAV LENDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

8. Related party transactions

The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group undertakings.

HPC UK NAV LENDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

9. Post balance sheet events

Subsequent to the reporting date, two additional investor closings occurred at one of the Company's indirect owners. As a result, the Company's ownership interest in the underlying investment was adjusted following the admission of new investors. This transaction affected ownership interests only and did not result in any change to the underlying investment or its operations. In addition, Tranche B of the Company's lending facility was funded in March 2026. At the date of approval of these financial statements, Tranche C remained committed but unfunded, with an outstanding commitment of $8,865,970.