Diamond Realisations Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 00688402

		2025		2024
	Notes	$	$	$	$
FIXED ASSETS
Investment Properties	4		272,500		310,000
Investments	5		101,398		101,398

			373,898		411,398
CURRENT ASSETS
Debtors	6	523,085		522,651
Cash at bank and in hand		19,173		10,492

		542,258		533,143
Creditors: Amounts Falling Due Within One Year	7	(16,390 )		-

NET CURRENT ASSETS (LIABILITIES)			525,868		533,143

TOTAL ASSETS LESS CURRENT LIABILITIES			899,766		944,541

PROVISIONS FOR LIABILITIES
Deferred Taxation			(24,212 )		(77,500 )

NET ASSETS			875,554		867,041

CAPITAL AND RESERVES
Called up share capital	8		2		2
Other reserves			622,379		622,379
Income Statement			253,173		244,660

SHAREHOLDERS' FUNDS			875,554		867,041

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Diamond Realisations Limited

Statement of Financial Position (continued)

As At 31 December 2025

For the year ending 31 December 2025 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.

The financial statements were approved by the board of directors on 28 August 2026 and were signed on its behalf by:

S L Stewart

Director

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Diamond Realisations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00688402 . The registered office is 9 Pine Grove, Bricket Wood, St Albans, AL2 3ST.

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 given consideration to the cash flow forecasts and budgeted profitability of the company for a period of not less than 12 months from the date of approval of these financial statements. Based on this the directors are of the opinion that the company is a going concern and therefore that it is appropriate to prepare on a going concern basis.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.

2.4. Foreign Currencies

The financial statements have been presented in US Dollars, which is also the functional currency of the Company. As a matter of industry convention, diamonds have for many years been priced in US Dollars. As substantially all the group’s income is charged and received in US Dollars the directors feel that US Dollars is the functional currency of the company. The year-end exchange rate is $1.3472 to £1 (2024: $1.2515 to £1).

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the statement of financial position date are translated at the rates of exchange prevailing at that date. All exchange differences are included in the profit and loss account.

2.5. 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.

2.6. Group financial statements

The company has taken the exemption under Section 398 of the Companies Act 2006 from preparing consolidated financial statements.

2.7. Investments

Investments are stated at cost less accumulative provision for impairment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Diamond Realisations Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Investment Property

	2025
	$
Fair Value
As at 1 January 2025	310,000
Revaluations	(37,500)

As at 31 December 2025	272,500

The investment property is a leasehold property located in Israel. The fair value is measured and revalued each year. The leasehold property was revalued in both 2024 and 2025. In 2024 this was determined by an independent valuer based on market-based sales price per square meter. The 2025 value is based on an actual sale amount achieved subsequent to the year end.

The post‑year‑end sale provides evidence of the fair value of the property at the reporting date and has therefore been treated as an adjusting event.

5. Investments

	Subsidiaries
	$
Cost
As at 1 January 2025	101,411

As at 31 December 2025	101,411

Provision
As at 1 January 2025	13

As at 31 December 2025	13

Net Book Value
As at 31 December 2025	101,398

As at 1 January 2025	101,398

Diamond Realisations Limited has investments in the following companies:

Name	Country of incorporation	%*	Nature of business
I Hennig & Co (Belgium) NV	Belgium	100%	Dormant
Diamond Realisations (Overseas) Limited	Israel	100%	Dormant
Diamond Realisations (India) Private Limited	India	100%	Dormant
Diamond Realisations (South Africa) PTY Ltd	South Africa	100%	Diamond merchants

* Proportion of voting rights and ordinary share capital held.

On 26th May 2026, I Hennig & Co (Belgium) NV was liquidated.

6. Debtors

	2025	2024
	$	$
Due within one year
Amounts owed by group undertakings	523,085	522,651

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Diamond Realisations Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	$	$
Other creditors	16,390	-

8. Share Capital

	2025	2024
	$	$
Allotted, Called up and fully paid	2	2

2 ordinary shares of £1 each

9. Related Party Transactions

The company has taken advantage of the exemption under paragraph 33.1a of FRS 102 not to disclose any transactions entered into between two or more members of a group where any subsidiary undertaking which is party to the transaction is wholly owned by a member of that group.

10. Ultimate Controlling Party

I Hennig & Co Limited, a company registered in England and Wales, is the direct parent undertaking of the company and is the smallest group of which the company is a member for which group financial statements are drawn up. Copies of these group financial statements are available from Companies House, Crown Way, Cardiff, CF4 3UZ.

St Marks Associates Limited, a company incorporated in the Isle of Man, is, in its capacity as trustee of the Elpis Trust, considered to be the ultimate controlling party of Diamond Realisations Limited.

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