21 In order to cast doubt on the existence of the Carina, Wildbeach and Franke advances, counsel for the plaintiff has referred me to the plaintiff's balance sheet prepared as at 31 December 2000 by Winduss & Cook. That balance sheet does not show any liabilities due to Carina, Wildbeach or Franke. As at 31 December 2000, according to the second schedule of the deed, Carina had made 14 advances to Horizon totalling $126,900. No money from Wildbeach had been advanced by then. $10,000 from Mrs Franke had been advanced by then. The accounts do not show any liabilities owing to Carina or Franke. This is offered as evidence raising a genuine dispute as to the validity of the demands. I consider it matters not that the advances from Carina and Franke are not recorded in these accounts. The money injected into the company had not then been characterised as advances. The money deposited into the company's account, or used to pay its creditors, was, as Atkins said, cash money which was "drip fed" into Horizon to purchase an interest in Horizon. As at October 2000, the oral arrangement between Atkins and Reimers was that Atkins would drip feed $200,000 into Horizon for a 50 per cent shareholding. There were good reasons why both sides would not want to reveal too much about this assistance to Horizon. I understand the accounts were prepared at the request of the bank, no doubt, to satisfy the bank about the financial health of the company. As at 31 August 2000, the company had debts of $331,156. As at 31 December 2000, the trade creditors had been reduced to $102,836. The company had good reason not to tell the bank that this pleasing result had been achieved by further borrowing. In any case, it was not then thought of as borrowing. It was the injection of capital for the purchase of a half share in the business. Mr Atkins also had a good reason not to want too much publicity about his involvement in the business. He was an undischarged bankrupt and not supposed to have access to funds, and not supposed to be managing a business. The failure of the accounts to 31 December 2000 to show any liabilities to Carina and Franke in no way detracts from the significance of the February deed, where these advances are specifically admitted. Not only is the total of the advances from the three entities admitted, but the particular advances which make up the total are listed in the second schedule, and are also admitted. It mattered not to Reimers what companies or individuals would be called upon by Atkins to advance moneys.