Decentralised Circular Infrastructure for the Future of Food & Agricultural Waste Recovery

Mobius Farms is an Australian agtech company commercialising modular insect bioconversion infrastructure designed to convert organic waste into high-value agricultural inputs at the point of generation.

Founded in the Barossa Valley and built over four years without external capital, the business has developed a functioning L-Pod prototype, established recurring product revenue, secured university research partnerships, and generated growing domestic and international commercial interest.

Mobius Farms is seeking AUD $300,000 in pre-seed capital via a SAFE Note to accelerate commercial deployment of the L-Pod platform, expand product manufacturing capability, and transition the business from founder-led operations into scalable commercial growth.

The opportunity sits at the intersection of circular economy infrastructure, sustainable agriculture, food waste recovery, and alternative protein systems — sectors increasingly supported by regulatory, environmental, and supply-chain tailwinds globally.

This document has been prepared for Wholesale and Sophisticated Investors only. Waste recovery. Agricultural resilience. Decentralised infrastructure.

By accepting a copy of this Investment Information Memorandum, the recipient agrees that it shall not contact or discuss the contents of this memorandum with any officer, employee, supplier, customer, licensor, franchisee, or associate of Mobius Farms Pty Ltd without the prior consent of Jeannine Malcolm.

This Memorandum and further information is supplied on the terms set out above and on the terms contained in a confidentiality agreement entered into by the recipient, the terms of which incorporate the above conditions and contain restrictions on the use of the information, its disclosure, and the conduct of the recipient.

The recipient acknowledges the foregoing, and it is hereby agreed that the terms of the confidentiality agreement are incorporated into and form part of these conditions.

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Jeannine Malcolm, in the capacity of director of Mobius Farms Pty Ltd (ABN 80 659 602 150), has decided to seek investment for growth capital and has chosen to use the BizDealRoom.com platform operated by MENTORED BUSINESS SALES SERVICES PTY LTD (ABN 56 630 339 150) as a communication medium to connect with potential investors.

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Mobius Farms began with a problem we could see clearly in our own region. Across the Barossa Valley, valuable nutrients locked inside food and agricultural waste were still being lost to landfill or low-value disposal streams, while producers simultaneously faced rising fertiliser costs, increasing sustainability pressure, and growing uncertainty across global supply chains. The disconnect was obvious: waste was being treated as a liability when, in the right system, it could become a productive agricultural input.

Chris and I did not come to this industry from the startup world. Our backgrounds were built in engineering, manufacturing, pharmaceuticals, winemaking, and large-scale operational environments where systems either work in reality or they fail quickly. From the beginning, that shaped how we approached Mobius Farms. We were not interested in building technology for presentation purposes or speculative growth models disconnected from operational reality. We wanted to build something commercially practical, biologically reliable, and capable of operating in real-world agricultural environments by ordinary operators — not specialists.

Over the past four years, Mobius Farms has evolved from local Black Soldier Fly farming trials into a revenue-generating agtech business operating across insect-derived agricultural products, modular bioconversion infrastructure, and education and industry capability building. Importantly, we have achieved this without external capital. That constraint became one of the business’ greatest strengths. It forced discipline into every decision — operational simplicity, maintainability, capital efficiency, and commercial practicality. Every stage of development has been tested against real operating conditions, not theoretical scale assumptions.

Today, the business has established product revenue, national distribution relationships, active university research partnerships, a functioning L-Pod prototype, and growing domestic and international commercial engagement. We believe the broader market is now moving toward the same conclusion we reached several years ago: future agricultural systems will increasingly require decentralised, circular, and locally resilient infrastructure capable of recovering value from existing waste streams rather than relying solely on centralised processing models.

The capital we are now seeking is intended to accelerate commercial deployment of the L-Pod platform, strengthen operational capability, expand manufacturing readiness, and allow the founders to transition from day-to-day operational delivery into strategic growth, partnerships, and market development.

We are looking to work with investors who understand that emerging industries are not built through speed alone. They are built through credibility, operational discipline, market education, and long-term alignment.

By 2030, Mobius Farms wil be recognised as a leader in insect bioconversion technology and for their high quality, valued insect based products for food, feed, fertiliser and nutraceuticals.

Mobius Farms Pty Ltd is an Australian agtech and circular economy business developing decentralised insect bioconversion infrastructure designed to convert organic food and agricultural waste into commercially valuable agricultural inputs at the point of generation. Founded in 2020 in the Barossa Valley, South Australia, the business operates across three integrated commercial divisions: insect-derived agricultural products, modular L-Pod bioconversion technology, and education and consulting services supporting industry capability development.

The Company's flagship platform, the L-Pod, is a modular, climate-controlled insect bioconversion unit engineered to process one to two tonnes of organic waste per week while generating commercially usable insect protein and organic fertiliser outputs. Unlike large-scale centralised waste processing models, the L-Pod has been specifically designed for deployment within farms, food businesses, agricultural enterprises, tourism operators, regional communities, and other operators seeking localised circular infrastructure solutions.

Mobius Farms has operated for four years without external capital and has progressively developed a commercially grounded operating platform supported by recurring product revenue, national stockist relationships, active university research partnerships, industry participation, and growing domestic and international commercial engagement.

The business currently generates revenue through insect-derived protein products, frass fertiliser products, consulting and training services, and emerging L-Pod commercialisation opportunities. FY25 revenue totalled approximately AUD $158,000 with reported gross margins of approximately 88%, reflecting the premium positioning of the Company’s existing product portfolio and operationally lean business model.

Management believes the business is positioned within several converging long-term macro trends including food waste reduction, decentralised infrastructure, circular economy policy, agricultural sustainability, ESG compliance, and alternative protein systems. Increasing pressure across agricultural supply chains, combined with rising waste disposal costs and sustainability obligations, is contributing to growing demand for commercially practical localised waste recovery solutions.

The following table presents a four-year summary of the Company's key financial metrics drawn from the audited Profit and Loss Statement and Balance Sheet prepared by LUNA (James Solomons FCA CTA GAICD). All figures are in Australian dollars.

Total trading revenue for FY26 is forecast at $68,699, compared to $153,805 in FY25. The reduction is primarily attributable to three factors: the Company's strategic focus on completing and commissioning the L-Pod prototype; no grant income accruing during FY26 (compared to $56,000 in FY25); and a significantly lower R&D Tax Incentive refund of $20,722 (compared to $58,463 in FY25) reflecting decreased research activity following the successful L-Pod commissioning.

Gross margin remained strong at 80% in FY26 (FY25: 93%), with the reduction driven by a 22% increase in Cost of Sales primarily reflecting new product packaging expenditure. Total operating expenses fell from $99,847 in FY25 to $82,547 in FY26, driven by lower laboratory analysis costs, reduced general consumables, and lower insurance expense.

The net loss of $27,474 in FY26 (FY25: net profit of $42,822) represents a deliberate investment in completing the L-Pod prototype, funded through retained earnings accumulated in FY25. Retained earnings at the end of FY26 are estimated at $3,091.

On the balance sheet, total assets increased from $22,231 in FY25 to $78,788 at 31 May 2026, primarily reflecting the capitalisation of the L-Pod under fixed assets ($75,157). Total liabilities increased from $51,391 to $74,697, largely reflecting a lower income tax refund expected in the current year. Total equity moved from a deficit of ($29,160) in FY25 to positive equity of $4,091 in FY26, reflecting the asset capitalisation.

The successfully commissioned L-Pod increases production capacity by over 300% and positions the business for the stronger revenue performance anticipated in FY27. FY27 business plans reflect this increased production capacity and the founders' ability to redirect their focus toward sales growth and further product development.

The successfully commissioned L-Pod increases production capacity by over 300% and positions the business for the stronger revenue performance anticipated in FY27. FY27 business plans reflect this increased production capacity and the founders' ability to redirect their focus toward sales growth and further product development.

Management believes the business is positioned within several converging long-term macro trends including food waste reduction, decentralised infrastructure, circular economy policy, agricultural sustainability, ESG compliance, and alternative protein systems. Mobius Farms is seeking AUD $300,000 in pre-seed capital via a SAFE Note structure to accelerate commercial deployment of the L-Pod platform, strengthen operational capability, expand manufacturing readiness, support strategic hiring, and transition the founders from day-to-day operational delivery into commercial growth, partnerships, and market expansion roles.

Mobius Farms Pty Ltd was founded in 2020 in the Barossa Valley, South Australia, following the identification of a practical and increasingly significant challenge within regional agricultural and food production systems: large volumes of nutrient-rich food and agricultural waste continued to be lost to landfill or low-value disposal pathways despite increasing pressure on producers from rising fertiliser costs, sustainability obligations, and supply-chain volatility.

Mobius Farms serves multiple distinct but complementary customer groups including those who buy our insect-derived products, and those who operate our insect bioconversion technology. Understanding the difference between these groups and what motivates each is central to how we have built our go-to- market strategy.

The Company's existing revenue is generated primarily from insect protein and frass products sold to the pet food and horticulture markets. These customers are motivated by product quality, sustainability credentials, and local provenance.

The Company has progressively established national stockist relationships alongside direct-to-consumer distribution channels, creating a diversified customer acquisition pathway and recurring engagement opportunities. Management believes the product portfolio provides both commercial validation and operational grounding for the broader infrastructure strategy underpinning the business.

The Company, through extensive market research and stakeholder engagement, has identified several potential customers for the 'L-Pod' technology each with their own specific motivations for participating in the circular economy. These include food producers, agricultural enterprises, tourism operators, educational institutions, regional communities, and Small Island Developing States.

The following testimonials reflect direct customer feedback from across Mobius Farms' product and education service lines.

“Fantastic friendly service, great product, the lizards love them. Best thing I ever did was to start getting my live foods from Mobius Farms. Highly recommended.” — Chris G, South Australia

“To say my girls like them is like saying it’s quite hot on the sun. My normally calm Australorp almost ate my hand in her frenzied excitement! My timid Barnvelder almost came within touching distance, my Wheaten Maran was kung fu kicking the others away, and my ISA Browns were trying to eat the treats, me, my chair, the pot… I fear a chicken mutiny if I don’t become a regular customer!” — Justine, South Australia

“I really enjoyed the course… I learned more than I’d hoped and am keen to revisit my BSF setup soon.” —Scott W, New South Wales

“The content of the videos is incredible; you did a fantastic job of breaking information down and presenting it. It is well positioned for people with no former knowledge, yet still plenty of info for individuals with more knowledge of insect rearing. You both should be proud of the work that you have put into this… I am definitely getting much more interested in the insect protein industry.” — Brett P, Victoria

“Visionary & highly competent team; excellent site (pilot plant) with well organised production; product and packaging well focused on sustainability.”

Mobius Farms Pty Ltd is led by co-founders Jeannine and Chris Malcolm, whose combined experience spans engineering, biotechnology, manufacturing, operational and supply chain management, and large-scale project and team management. The Companyʼs leadership profile differs from many early-stage businesses in that it has been built from operational and engineering disciplines rather than a startup or venture capital background.

Beyond the founding team, Mobius Farms maintains active collaborative relationships with researchers, universities, industry groups, and technical advisors across Australia and international communities. These relationships support research validation, product development, biological systems optimisation, and emerging high-value derivative opportunities linked to the future development of the business.

Mobius Farms is supported by the following professional advisors.

Mobius Farms Pty Ltd operates within an emerging sector influenced by changing agricultural economics, evolving sustainability regulation, increasing waste management pressure, and growing interest in decentralised circular economy solutions. As with most early-stage enterprises, the business presents both significant long-term opportunity and genuine commercial execution risk. Management believes it is important that investors understand both clearly.

Managementʼs response to these risks has been deliberate and consistent: prioritise operational validation before aggressive scaling, maintain capital discipline, focus on practical deployment capability, and build long-term customer and research relationships capable of supporting sustainable market development over time.

Mobius Farms Pty Ltd operates across multiple integrated commercial divisions designed to support one another operationally, commercially, and strategically. Management believes this integrated structure provides greater resilience and long-term scalability than reliance on a single product or revenue stream.

The Australian insect bioconversion sector remains relatively early-stage when compared with larger international markets, with most established operators pursuing either centralised waste-processing infrastructure models, vertically integrated production systems, or enterprise-scale waste management contracts. Management believes significant gaps remain within the Australian market for decentralised, commercially practical infrastructure capable of operating effectively within regional and agricultural environments.

Mobius Farms has structured its growth strategy around staged commercial development designed to align with broader market maturity, operational capability, and increasing demand for decentralised circular economy infrastructure solutions. Management believes the long-term opportunity within food waste recovery, alternative protein systems, and agricultural sustainability will emerge progressively over time rather than through rapid short-term expansion disconnected from operational realities.

The Companyʼs immediate strategic priority is the commercial deployment of the 'L-Pod' technology alongside continued expansion of recurring product revenue and operational capability. Alongside infrastructure deployment, Mobius Farms intends to continue expanding its insect-derived product portfolio through additional distribution relationships, increased production capability, and broader market penetration within poultry, horticulture, specialty animal feed, and bioeconomy sectors. Education and consulting activities are also expected to remain strategically important as mechanisms for industry capability growth, operator training, and broader market development.

Over the short-to-medium term, management intends to expand deployment of the 'L-Pod' technology across multiple customer segments who are seeking localised waste recovery infrastructure. Existing commercial discussions and quotations issued across Australia and International markets are expected to assist in validating broader deployment pathways while informing operational contexts and commercial considerations.

Management believes the Companyʼs decentralised infrastructure model creates a cumulative network effect over time, whereby each deployed system contributes not only to direct revenue generation but also to broader market education, operational validation, industry credibility, and ecosystem integration. This approach is expected to support increasing industry familiarity with decentralised insect bioconversion systems while reducing dependence on highly centralised processing infrastructure.

Mobius Farms Pty Ltd is seeking AUD $300,000 in pre-seed capital to accelerate the transition from a founder-led operating business into a commercially scalable decentralised infrastructure platform operating across agricultural products, bioconversion technology, and industry capability development.

Management has deliberately structured the raise around clearly identified operational priorities and existing commercial activity rather than speculative or exploratory deployment. The Company has spent four years validating biological systems, establishing product revenue, developing operational capability, constructing a functioning L-Pod prototype, and building research and industry relationships without external capital. The current raise is intended to accelerate commercial execution and infrastructure deployment capability rather than fund concept-stage development.

Management believes the proposed use of capital reflects a disciplined and commercially grounded deployment strategy focused on operational scalability, infrastructure validation, recurring revenue growth, and sustainable long-term market participation. Importantly, the raise is intended to accelerate an already functioning and revenue-generating business with active commercial engagement, established operational capability, and validated infrastructure development rather than finance a purely conceptual venture or untested technology platform. The Company is raising capital via a SAFE Note structure to provide investors with a contractual pathway to future equity participation while allowing management to continue focusing resources on operational execution and commercial growth during this stage of development.

Mobius Farms Pty Ltd is seeking to raise AUD $300,000 in pre-seed capital through a Simple Agreement for Future Equity (SAFE Note) structure. Management has selected the SAFE framework because it is designed specifically for businesses operating at an early commercialisation stage where operational validation, commercial traction, and infrastructure capability have been established, but where management believes a formal priced equity valuation would be premature.

The SAFE structure has been intentionally selected to align both management and investors around long-term value creation rather than short-term debt obligations or premature valuation negotiation. Management believes this approach reflects the current stage of the business appropriately given the Company already operates with demonstrated revenue, a functioning infrastructure prototype, established research partnerships, and growing commercial engagement, while still remaining in an early-stage commercialisation phase.

Under the proposed structure, SAFE investors receive the right to convert their investment into equity at a future financing round, typically at the lower of the valuation cap or the discounted future valuation, providing early investors with preferential pricing relative to later participants.

Management believes the proposed AUD $2 million valuation cap reflects a commercially balanced position relative to the Company’s current operational stage, infrastructure capability, revenue profile, research activity, and future commercialisation pathway. The valuation cap has been structured to provide meaningful upside participation for early investors while avoiding aggressive valuation assumptions ahead of broader commercial deployment.

The Company is seeking investors aligned with long-term participation in emerging agricultural infrastructure, circular economy systems, decentralised waste recovery, sustainable input production, and future-facing agricultural technologies. The raise is intended to support operational scaling and commercial acceleration rather than speculative research or concept-stage development.

Detailed SAFE documentation, business planning materials, and supporting due diligence information may be made available to selected parties following investor qualification review and execution of a Non-Disclosure Agreement.

Thank you for taking the time to review the Mobius Farms opportunity.

Mobius Farms is one of a small number of businesses in Australia that has spent years doing the groundbreaking work of building an emerging industry. Not speculating about it. Not modeling it. Building it.

The foundations are real. Five years of black soldier fly research and operations. A functioning, modular, insect bioconversion technology prototype. Retail products with national distribution and encouraging margins. Active university research partnerships and a growing pipeline of domestic and international commercial interest. A reputation for integrity and delivery that has been earned, not marketed.

The science is at the core of everything the Company does. From process optimization to technology design to product development, every decision at Mobius Farms is grounded in evidence. That rigor, combined with an operational discipline forged without external capital, is what separates Mobius Farms from ventures that were built on projection rather than practice.

The Company is not asking investors to fund a concept rather, asking the investor to accelerate a business that is already in motion, with a clear and measured pathway to commercial scale. The opportunity in front of Mobius Farms is significant. The insect bioconversion sector is maturing. Regulatory frameworks are advancing and producers, food businesses and communities are actively looking for on-site waste recovery solutions that work at a practical and local scale.

The Company welcomes discussions with Wholesale and Sophisticated Investors, strategic partners and aligned stakeholders who see what we see: that the transition to circular food systems is not a trend but a structural shift, and that the businesses best positioned to lead it are not the loudest ones, but the most credible.