MIND CANDY LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 4.1 in the financial statements, which indicates that the company incurred a net loss of £5,166,668 during the year ended 31 December 2024 and, as of that date, the Company's current liabilities exceeded its total assets by £20,276,246. As stated in note 4.1, these events or conditions, along with other matters such as extension of payment terms on the existing loan as set forth in note 4.1, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 4.1 in the financial statements, which indicates that the company incurred a net loss of £5,166,668 during the year ended 31 December 2024 and, as of that date, the Company's current liabilities exceeded its total assets by £20,276,246. As stated in note 4.1, these events or conditions, along with other matters such as extension of payment terms on the existing loan as set forth in note 4.1, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”

Group structure

1. MIND CANDY LIMITED · parent
   1. Big Bad Bill Inc

Significant events

• “The company received investment funds of £2.4m in 2024 by way of a capital contribution from the parent company, Mind Candy Inc.”
• “The Company has received another $1.25m from the investors on 6th June 2025 with a view that this will carry them through to breakeven in Q1 2026.”
• “Additionally, the Company launched a Kickstarter campaign in June 2025 which will provide additional capital on top of this to support the relaunch of Moshi Monsters.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -24.6%

  £3,609,625 → £2,720,048

• Cash

  -28.6%

  £856,184 → £611,194

• Net assets

  -15.6%

  -£17,538,166 → -£20,276,246

• Employees

  -30.8%

  26 → 18

• Operating profit

  -66.3%

  -£1,741,872 → -£2,897,276

• Profit before tax

  -35.7%

  -£3,806,621 → -£5,166,668

• Wages

  -25.2%

  £1,885,369 → £1,410,854

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers