Company: VTBAS
Filing Date: 2025-09-29
Form Type: 1-SA
Source: 0001493152-25-016012
Chunk: 12

Company: Vestible Assets, LLC
Filing Date: 2025-09-29
Form: 1-SA
Chunk 12
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 “Manager”).

As a Delaware series limited liability company, the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to a particular Series are segregated and enforceable only against the assets of such Series, as provided under Delaware law.

On July 18, 2023, Vestible Assets, LLC, Series BDBR, a Delaware limited liability company, was formed (“Series BDBR”).

As of June 30, 2025, the Company has commenced limited operations. Once the Company commences its planned full scale principal operations, it will incur significant additional expenses. The Company is dependent upon additional capital resources for the commencement of its planned full scale principal operations and is subject to significant risks and uncertainties, including failing to secure funding to commence the Company’s planned operations or failing to profitably operate the business.

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (GAAP). The Company has adopted a calendar year as its fiscal year.

The unaudited interim consolidated
and consolidating financial statements and related notes have been prepared in accordance with U.S. GAAP for interim consolidated and
consolidating financial information, within the rules and regulations of the SEC. Certain information and disclosures normally included
in the annual consolidated and consolidating financial statements prepared in accordance with U.S. GAAP have been condensed or omitted
pursuant to such rules and regulations. The unaudited interim consolidated and consolidating financial statements have been prepared
on a basis consistent with the audited financial statements and in the opinion of management, reflect all adjustments, consisting of
only normal recurring adjustments, necessary for the fair presentation of the results for the interim periods presented and of the financial
condition as of the date of the consolidated and consolidating interim balance sheet. The financial data and the other information disclosed
in these notes to the interim consolidated and consolidating financial statements related to the six-month period are unaudited. Unaudited
interim results are not necessarily indicative of the results for the full fiscal year.

Principles of Consolidation

These consolidated and consolidating financial statements include the accounts of the Company and its Series required to be consolidated under generally accepted accounting principles. Separate financial statements are presented for the Series. All intercompany transactions and balances are eliminated in consolidation.

<div align='center'>No assurance is provided.</div>

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