KBIO HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  It is anticipated that the Company will be liquidated in the near future, and therefore the accounts have been prepared on a non going concern basis.

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“It is anticipated that the Company will be liquidated in the near future, and therefore the accounts have been prepared on a non going concern basis.”

Group structure

1. KBIO HOLDINGS LIMITED · parent
   1. KBio Inc. 100% · United States
   2. ZabBio, Inc 39% · San Diego, CA
   3. ZabBio, Inc 10% · San Diego, CA

Significant events

• “The principal decision made by the Directors on 27 March 2025 was the approval of the liquidation of the Company. This decision followed the BAT Plc. Board noting in October 2024 to cease funding KBio operations.”
• “In 2025, KBio Holdings Limited received a dividend of 47mn USD from its subsidiary, KBio Inc. This event occurred after the reporting date of 31 December 2024 and is considered a non-adjusting subsequent event under IAS 10 Events after the Reporting Period. The dividend does not impact the financial position or performance reported for the year ended 31 December 2024, but is disclosed to provide relevant information to users of the financial statements.”

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

Filings

15

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

5

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -73%

  £71,157,895 → £19,238,695

• Employees

  —

  Not reported

• Operating profit

  -158.3%

  -£22,780,578 → -£58,850,259

• Profit before tax

  -168.8%

  -£21,542,624 → -£57,896,219

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