Name: Tyran Djemal

Name: The Farmula Limited

Date of Birth: 20 / 9 / 1982

Date Order Starts: 18 / 6 / 2025

Disqualification Length: 6 Years Years 0 Month(s)

CRO Number: 11918251

Last Known Address: 9b Dundalk Road,, , , , LONDON, SE4 2JJ

Conduct: Mr Tyran Djemal (“Mr Djemal”) allowed The Farmula Limited (“Farmula”) to apply for a government-backed Bounce Back Loan (“BBL”) of £50,000 using overstated estimated turnover figures, which resulted in Farmula obtaining more in BBL funds than it was entitled to, in that: • Under the BBL scheme a business was able to borrow up to 25% of its turnover in calendar year 2019, up to a maximum of £50,000 and, if the business was established after 1 January 2019, it was to apply the 25% limit to its estimated annual turnover from the date it started. The turnover figure was self-certified by the applicant. • Farmula was incorporated on 1 April 2019 and commenced trading during the same month. • On 2 June 2020, a co-director applied for a BBL of £50,000 on behalf of Farmula, stating in the loan application that Farmula’s relevant turnover was £260,000. • Company bank statements for the period 28 May 2019 to 1 June 2020 (12 months of trading up to the day before the day of the BBL application) show turnover of £39,165. • On 3 June 2020, funds of £50,000 were credited to Farmula’s bank account. • Farmula therefore received BBL funds of at least £40,208 more that it was entitled to. • At the date of the liquidation on 7 September 2023, the Statement of Affairs shows that total liabilities amounted to £90,366, of which £38,000 was in respect of the BBL. 

This information is correct as at 4 / 6 / 2025

Name: The Farmula Limited

Date of Birth: 26 / 7 / 1985

Date Order Starts: 26 / 6 / 2025

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 11918251

Last Known Address: 16 Carter Drive,, , , , ROMFORD,, RM5 2PD

Conduct: Mr Demetrious Anastasiou (“Mr Anastasiou”) caused The Farmula Limited (“Farmula”) to apply for a government-backed Bounce Back Loan (“BBL”) of £50,000 using overstated estimated turnover figures, which resulted in Farmula obtaining more in BBL funds than it was entitled to, in that: • Under the BBL scheme a business was able to borrow up to 25% of its turnover in calendar year 2019, up to a maximum of £50,000 and, if the business was established after 1 January 2019, it was to apply the 25% limit to its estimated annual turnover from the date it started. The turnover figure was self-certified by the applicant. • Farmula was incorporated on 1 April 2019 and commenced trading during the same month. • On 2 June 2020, Mr Anastasiou applied for a BBL of £50,000 on behalf of Farmula, stating in the loan application that Farmula’s relevant turnover was £260,000. • Company bank statements for the period 28 May 2019 to 1 June 2020 (12 months of trading up to the day before the day of the BBL application) show turnover of £39,165. • On 3 June 2020, funds of £50,000 were credited to Farmula’s bank account. • Farmula therefore received BBL funds of at least £40,208 more that it was entitled to. • At the date of the liquidation on 7 September 2023, the Statement of Affairs shows that total liabilities amounted to £90,366, of which £38,000 was in respect of the BBL. 

This information is correct as at 10 / 6 / 2025

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