{
  "docId": "019dd923-5eff-723e-9be6-a0cad080dbd8",
  "docSlug": "9a64e7cb94465d1c",
  "documentTitle": "2025 Annual Report",
  "authorId": "HBX-Group",
  "authorName": "HBX Group",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.414,
  "pageNumber": 147,
  "pageCount": 212,
  "prevPage": 146,
  "nextPage": 148,
  "slideType": "appendix_disclosure",
  "function": "other",
  "density": "dense",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "paragraph",
    "bullet_list"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5eff-723e-9be6-a0cad080dbd8/147",
  "deckHref": "/decks/019dd923-5eff-723e-9be6-a0cad080dbd8",
  "deckJsonHref": "/decks/019dd923-5eff-723e-9be6-a0cad080dbd8.json",
  "deckAnchorHref": "/decks/019dd923-5eff-723e-9be6-a0cad080dbd8#slide-147",
  "components": [
    {
      "bbox": {
        "h": 0.3,
        "w": 0.2,
        "x": 0.29,
        "y": 0.27
      },
      "kind": "list",
      "text": "Strategic Report from page 6; Corporate Governance from page 85; Statement of Directors' responsibilities...",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "76eb6060-a4e4-4922-9a88-53fde64ea77a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.2,
        "x": 0.52,
        "y": 0.45
      },
      "kind": "paragraph",
      "text": "Registered address: 7th Floor, Tower 42, 25 Old Broad Street, London, EC2N 1HN. Registered number: 15364642",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "20b9e0f0-c17b-4c36-b379-28b55c1cecdb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.2,
        "x": 0.29,
        "y": 0.14
      },
      "kind": "paragraph",
      "text": "Directors' Report: In addition to the information set out herein, this Directors' Report incorporates by reference...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2e487c6c-8c81-4e1c-b812-ca40e7a1b749",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.2,
        "x": 0.07,
        "y": 0.14
      },
      "kind": "paragraph",
      "text": "Directors' responsibility statement: The directors are responsible for preparing the Annual Report and Accounts...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6e04a2d9-b290-41fc-b8b3-ddeeb7b8483a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.2,
        "x": 0.52,
        "y": 0.14
      },
      "kind": "paragraph",
      "text": "This report was approved by the Board on 25 November 2025 and signed on its behalf by: Nicolas Huss, Richard Solomons, Matthew Sabben-Clare, Jonah Enbar, Sabine Hansen Peck, Sabine Bendiek, Carla Stent",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b3f0160e-3b87-4f5f-9896-21a554dbca9d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.3,
        "x": 0.07,
        "y": 0.06
      },
      "kind": "title",
      "text": "Statement of Directors' Responsibilities",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5b9e041a-fb10-4c44-a9d2-6a36280add17",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [
    {
      "to": 212,
      "from": 4,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "c55003a6-dc9b-4ab9-ab52-0f174175edcf",
      "evidence": "The document provides a comprehensive overview of HBX Group, using a logic chain to guide the reader through the content.",
      "position": 0,
      "objective": "Understand HBX Group's current state and strategy",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
      "confidence": 0.7,
      "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}