REGISTERED NUMBER: OC320407 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

CIBUS CAPITAL LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

J Alun-Jones

R C Appleby

REGISTERED OFFICE:

4 Sloane Terrace

London

SW1X 9DQ

REGISTERED NUMBER:

OC320407 (England and Wales)

INDEPENDENT AUDITORS:

Lewis Brownlee (Chichester) Limited

Statutory Auditors

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Property, plant and equipment

4

32,084

40,147

CURRENT ASSETS

Debtors

5

2,671,429

1,283,597

Cash at bank

398,572

1,726,444

3,070,001

3,010,041

CREDITORS

Amounts falling due within one year

6

1,612,354

2,572,218

NET CURRENT ASSETS

1,457,647

437,823

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,489,731

477,970

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

125,000

125,000

MEMBERS' OTHER INTERESTS

Other reserves

1,364,731

352,970

1,489,731

477,970

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

125,000

125,000

Members' other interests

1,364,731

352,970

Amounts due from members

5

(474,454

)

(475,398

)

1,015,277

2,572

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 July 2026 and were signed by:

J Alun-Jones - Designated member

1.	STATUTORY INFORMATION

Cibus Capital LLP is a limited liability partnership incorporated and domiciled in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Going concern

The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Revenue comprises of advisory fees and reimbursed fund expenditure and is recognised on an accruals basis to the extent that it is probable that future economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are recorded at historical cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property - in accordance with the property lease

Office equipment - 3 years

Fixtures and fittings - 25% on cost

Computer equipment - 3 years

Residual values, useful lives and depreciation method are reviewed, and adjusted if appropriate, at each year end.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within administrative expenses in the income statement.

Financial instruments

Financial assets

The LLP's financial assets comprise basic financial assets, being trade and other receivables and cash at bank.

Cash is represented by cash on deposit with financial institutions repayable without penalty on notice of not more than 24 hours.

Trade and other receivables are measured initially at transaction price and thereafter at the undiscounted amount expected to be received which includes any impairment.

Financial assets are derecognised when contractual rights to the cash flows from the financial asset expire or are settled, or when substantially all the risks and rewards of ownership have been transferred.

Impairment

An impairment loss is measured as the difference between an asset's carrying amount and best estimate of the amount that the LLP would receive for the asset if it were to be sold at the reporting date.

Financial liabilities

The LLP's financial liabilities comprise basic financial liabilities, being trade and other payables. These are initially recognised at transaction price and thereafter at the undiscounted amount expected to be paid.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Foreign currencies

Functional and presentation currency

The LLP's functional and presentational currency is Pound Sterling (£), which is rounding to the nearest Pound (£).

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the date of the transaction.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical costs are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value is determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the income statement within administrative expenses.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

Taxation

No provision has been made for current or deferred taxation in the financial statements of the LLP. Each Member is exclusively liable for any tax liabilities arising out of their interest in the LLP which will be assessed on the individual Members and not the LLP.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 16 (2025 - 18 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Office

and

Computer

equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2025

13,510

28,775

72,087

114,372

Additions

166

-

16,455

16,621

At 31 March 2026

13,676

28,775

88,542

130,993

DEPRECIATION

At 1 April 2025

12,268

17,054

44,903

74,225

Charge for year

1,068

5,924

17,692

24,684

At 31 March 2026

13,336

22,978

62,595

98,909

NET BOOK VALUE

At 31 March 2026

340

5,797

25,947

32,084

At 31 March 2025

1,242

11,721

27,184

40,147

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Trade debtors

209

-

Amounts due from members

474,454

475,398

Other debtors

112,383

165,096

VAT

68,560

52,675

Prepayments and accrued income

2,015,823

590,428

2,671,429

1,283,597

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Trade creditors

18,251

175,931

Social security and other taxes

57,112

59,075

Pensions payable

3,340

3,542

Other creditors

248,429

492,970

Accruals and deferred income

1,285,222

1,840,700

1,612,354

2,572,218

7.	LEASING AGREEMENTS

At 31 March 2026, the LLP had total commitments under non-cancellable operating leases over the remaining life of those leases of £266,496 (2025: £266,496).

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

as restated

£

£

Other creditors

21,597

17,973

Included within other creditors is £21,597 (2025: £17,973). There is a fixed and floating charge over the assets of the LLP as a result of banking arrangements with HSBC. A member has also provided a personal guarantee as security.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2026

2025

as restated

£

£

Capital account

125,000

125,000

Falling due within one year

125,000

125,000

Debts due to ordinary creditors rank in preference to loans and other debts due to Members in the event of a winding up. All amounts due to Members are interest free and repayable on demand.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sam Ede BFP FCA FCC (Senior Statutory Auditor)

for and on behalf of Lewis Brownlee (Chichester) Limited

11.	PENSION COMMITMENTS

The LLP operates a defined contribution pension scheme. At the balance sheet date the LLP had unpaid contributions of £3,340 (2025: £3,542).

12.	RELATED PARTY DISCLOSURES

At the balance sheet date £226,833 (2025: £474,995) was due from the LLP to a trust related to one of the LLP members and is included in other creditors. There is no interest charged on the balance and the amount is repayable on demand.