REGISTERED NUMBER: 08227634 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

AOG INVESTMENTS LTD.

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Mr M A B Albo

Ms C M Juer

Ms B Marovelli

Secretary:

Accomplish Secretaries Limited

Registered office:

7th Floor 50 Broadway

London

SW1H 0DB

Registered number:

08227634 (England and Wales)

FIXED ASSETS

Investments

4

63,130,877

56,277,073

CURRENT ASSETS

Debtors

5

3,429,800

3,774,354

Cash at bank

14,525

66,988

3,444,325

3,841,342

CREDITORS

Amounts falling due within one year

6

(7,471,844

)

(3,073,143

)

NET CURRENT (LIABILITIES)/ASSETS

(4,027,519

)

768,199

TOTAL ASSETS LESS CURRENT LIABILITIES

59,103,358

57,045,272

CREDITORS

Amounts falling due after more than one year

7

(52,723,273

)

(50,875,106

)

NET ASSETS

6,380,085

6,170,166

CAPITAL AND RESERVES

Called up share capital

1,600

1,600

Revaluation reserve

8

1,338,967

(2,242,405

)

Retained earnings

5,039,518

8,410,971

6,380,085

6,170,166

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

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

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2026 and were signed on its behalf by:

Mr M A B Albo - Director

1.	STATUTORY INFORMATION

AOG Investments Ltd. 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.

The company's functional and presentational currency is US Dollars (USD) and the financial statements have been rounded to the nearest dollar ($).

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about AOG Investments Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into US dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Revenue recognition

(a) Interest receivables

Interest receivable relates to interest on loans due from associate undertakings and is recognised using the effective interest rate method.

(b) Other operating income

All other operating income is accounted for on an accrual basis.

(c) Dividend income

Dividend income is recognised in the statement of comprehensive income on the date on which the company’s right to receive payments is established.

Investments in subsidiaries, associates and unquoted investments

Investments in subsidiaries, associates and other unquoted investments are stated at cost less accumulated impairment losses.

Investments are reviewed for impairment at each reporting date. Where there is objective evidence that the carrying value of an investment exceeds its recoverable amount, an impairment loss is recognised in profit or loss. Impairment losses are not reversed unless the reasons for the impairment no longer exist.

Going concern

The company's financial statements have been prepared on a going concern basis. The Directors have considered and continue to monitor the status of the company as a going concern.

The Directors consider that, having taken all available relevant information into account in their going concern assessment, there is no reasonable doubt over the performance of the company. The Directors have considered the impact of the Russian invasion of Ukraine, the war in the Middle East (including Iran's involvement against Israel and the US) and of climate change on the going concern assumption of the company. In light of this, the Directors have concluded that the impact of the Russian invasion of Ukraine, the war in the Middle East or other global economic conditions such as potential volatility in financial markets or energy prices do not represent a material uncertainty in relation to the company's ability to continue as going concern through the date of the issuance of these financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

2025

2024

$

$

Cost

At 1 January 2025

56,747,670

56,494,833

Additions

4,231,044

5,126,119

Disposals

(1,212,069

)

(1,588,402

)

Adjustments for the year

320,456

(193,106

)

FX adjustments

3,514,374

(3,091,774

)

63,601,474

56,747,670

Share of net loss of associates

(470,597

)

(470,597

)

At 31 December 2025

63,130,877

56,277,073

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

as restated

$

$

Other debtors

3,429,800

3,774,354

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

as restated

$

$

Trade creditors

160,570

99,946

Other creditors

7,311,274

2,973,197

7,471,844

3,073,143

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

as restated

$

$

Other creditors

52,723,273

50,875,106

Amounts falling due in more than five years:

Repayable by instalments

Other loans more than 5yrs

52,723,273

50,875,106

8.

RESERVES

Revaluation

reserve

$

At 1 January 2025

(2,242,405

)

Revaluation reserve

3,581,372

At 31 December 2025

1,338,967