I don't think you would be able to get sign off on accounts like that, as the accounts would not be " giving a true and fair view of the Group’s financial position as at X and of its financial performance
for the year then ended X", if the loans are expected to be profitable, and are put into the accounts as loss making. Seems accounting 101 to me.
Ann: MoneyMe 1H22 Interim Results Announcement, page-8
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