<?xml version="1.0" encoding="UTF-8"?><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns="http://www.w3.org/1999/xhtml" xmlns:arr="http://xbrl.dcca.dk/arr" xmlns:dst="http://xbrl.dcca.dk/dst" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2010-04-20" xmlns:cmn="http://xbrl.dcca.dk/cmn" xmlns:sob="http://xbrl.dcca.dk/sob" xmlns:lnk="http://www.xbrl.org/2003/linkbase" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:basis="http://xbrl.dcca.dk/Regnskab%202.0%20Basis" xmlns:ifrs="http://xbrl.iasb.org/taxonomy/2009-04-01/ifrs" xmlns:ix="http://www.xbrl.org/2008/inlineXBRL" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:mrv="http://xbrl.dcca.dk/mrv" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:fsa="http://xbrl.dcca.dk/fsa" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:gsd="http://xbrl.dcca.dk/gsd" xmlns:xlink="http://www.w3.org/1999/xlink">
   <lnk:schemaRef xlink:href="http://archprod.service.eogs.dk/taxonomy/20201001/entryDanishGAAPBalanceSheetAccountFormIncomeStatementByNatureIncludingManagementsReviewStatisticsAndTax20201001.xsd" xlink:type="simple"/>
   <xbrli:context id="c0">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">40907025</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
         <xbrli:startDate>2019-11-01</xbrli:startDate>
         <xbrli:endDate>2021-04-30</xbrli:endDate>
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   <xbrli:context id="c1">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">40907025</xbrli:identifier>
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      <xbrli:period>
         <xbrli:startDate>2019-11-01</xbrli:startDate>
         <xbrli:endDate>2021-04-30</xbrli:endDate>
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      <xbrli:scenario>
         <xbrldi:explicitMember dimension="fsa:ResultDistributionDimension">fsa:RetainedEarningsMember</xbrldi:explicitMember>
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   <xbrli:context id="c2">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">40907025</xbrli:identifier>
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         <xbrli:instant>2021-04-30</xbrli:instant>
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   <xbrli:unit id="u0">
      <xbrli:measure>iso4217:DKK</xbrli:measure>
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   <gsd:InformationOnTypeOfSubmittedReport basis:version="3" contextRef="c0" xml:lang="da">Årsrapport</gsd:InformationOnTypeOfSubmittedReport>
   <gsd:DateOfGeneralMeeting contextRef="c0">2021-09-13</gsd:DateOfGeneralMeeting>
   <gsd:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="c0" xml:lang="da">Henrik Staal Larsen</gsd:NameAndSurnameOfChairmanOfGeneralMeeting>
   <gsd:NameOfReportingEntity contextRef="c0" xml:lang="da">CSBO ApS</gsd:NameOfReportingEntity>
   <gsd:AddressOfReportingEntityStreetName contextRef="c0" xml:lang="da">Svendborgvej</gsd:AddressOfReportingEntityStreetName>
   <gsd:AddressOfReportingEntityStreetBuildingIdentifier contextRef="c0" xml:lang="da">243</gsd:AddressOfReportingEntityStreetBuildingIdentifier>
   <gsd:AddressOfReportingEntityPostCodeIdentifier contextRef="c0" xml:lang="da">5260</gsd:AddressOfReportingEntityPostCodeIdentifier>
   <gsd:AddressOfReportingEntityDistrictName contextRef="c0" xml:lang="da">Odense S</gsd:AddressOfReportingEntityDistrictName>
   <gsd:IdentificationNumberCvrOfReportingEntity contextRef="c0" xml:lang="da">40907025</gsd:IdentificationNumberCvrOfReportingEntity>
   <gsd:ReportingPeriodStartDate contextRef="c0">2019-11-01</gsd:ReportingPeriodStartDate>
   <gsd:ReportingPeriodEndDate contextRef="c0">2021-04-30</gsd:ReportingPeriodEndDate>
   <mrv:ManagementsReview contextRef="c0" xml:lang="da">&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;Selskabets hovedaktivitet har i regnskabsåret været investering i værdipapirer.&lt;/p&gt;</mrv:ManagementsReview>
   <sob:ConfirmationThatFinancialStatementsAreExemptedFromAuditing contextRef="c0" xml:lang="da">Ledelsen anser betingelserne for at udelade revision for opfyldt.</sob:ConfirmationThatFinancialStatementsAreExemptedFromAuditing>
   <fsa:InformationOnReportingClassOfEntity contextRef="c0" xml:lang="da">Årsrapporten er aflagt i overensstemmelse med årsregnskabslovens bestemmelser for Regnskabsklasse B.</fsa:InformationOnReportingClassOfEntity>
   <fsa:ClassOfReportingEntity contextRef="c0" xml:lang="da">Regnskabsklasse B</fsa:ClassOfReportingEntity>
   <fsa:DisclosureOfAccountingPolicies contextRef="c0" xml:lang="da">&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;
&lt;strong&gt;Resultatopgørelse&lt;/strong&gt;&lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt; &lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;
&lt;strong&gt;Finansielle poster&lt;/strong&gt;&lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;Finansielle indtægter og omkostninger indregnes i resultatopgørelsen med de beløb, der vedrører regnskabsåret. Finansielle poster omfatter renteindtægter og -omkostninger, realiserede og urealiserede kursgevinster og -tab vedrørende værdipapirer, gæld og transaktioner i fremmed valuta.&lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt; &lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;
&lt;strong&gt;Balance&lt;/strong&gt;&lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt; &lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;
&lt;strong&gt;Tilgodehavender&lt;/strong&gt;&lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;Tilgodehavender måles efter en individuel vurdering af de enkelte fordringer.&lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt; &lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;
&lt;strong&gt;Værdipapirer&lt;/strong&gt;&lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;Værdipapirer indregnet under omsætningsaktiver måles til dagsværdi på balancedagen.&lt;/p&gt;</fsa:DisclosureOfAccountingPolicies>
   <fsa:OtherOperatingExpenses contextRef="c0" decimals="0" unitRef="u0">1050</fsa:OtherOperatingExpenses>
   <fsa:OtherFinanceIncome contextRef="c0" decimals="0" unitRef="u0">317502</fsa:OtherFinanceIncome>
   <fsa:OtherFinanceExpenses contextRef="c0" decimals="0" unitRef="u0">2235</fsa:OtherFinanceExpenses>
   <fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="c0" decimals="0" unitRef="u0">314217</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
   <fsa:TaxExpense contextRef="c0" decimals="0" unitRef="u0">69124</fsa:TaxExpense>
   <fsa:ProfitLoss contextRef="c0" decimals="0" unitRef="u0">245093</fsa:ProfitLoss>
   <fsa:ProfitLoss contextRef="c1" decimals="0" unitRef="u0">245093</fsa:ProfitLoss>
   <fsa:ProfitLoss contextRef="c0" decimals="0" unitRef="u0">245093</fsa:ProfitLoss>
   <fsa:OtherShorttermInvestments contextRef="c2" decimals="0" unitRef="u0">767986</fsa:OtherShorttermInvestments>
   <fsa:ShorttermInvestments contextRef="c2" decimals="0" unitRef="u0">767986</fsa:ShorttermInvestments>
   <fsa:CashAndCashEquivalents contextRef="c2" decimals="0" unitRef="u0">857</fsa:CashAndCashEquivalents>
   <fsa:CurrentAssets contextRef="c2" decimals="0" unitRef="u0">768843</fsa:CurrentAssets>
   <fsa:Assets contextRef="c2" decimals="0" unitRef="u0">768843</fsa:Assets>
   <fsa:ContributedCapital contextRef="c2" decimals="0" unitRef="u0">40000</fsa:ContributedCapital>
   <fsa:RetainedEarnings contextRef="c2" decimals="0" unitRef="u0">245093</fsa:RetainedEarnings>
   <fsa:Equity contextRef="c2" decimals="0" unitRef="u0">285093</fsa:Equity>
   <fsa:ShorttermTaxPayables contextRef="c2" decimals="0" unitRef="u0">67426</fsa:ShorttermTaxPayables>
   <fsa:OtherShorttermPayables contextRef="c2" decimals="0" unitRef="u0">416324</fsa:OtherShorttermPayables>
   <fsa:ShorttermLiabilitiesOtherThanProvisions contextRef="c2" decimals="0" unitRef="u0">483750</fsa:ShorttermLiabilitiesOtherThanProvisions>
   <fsa:LiabilitiesOtherThanProvisions contextRef="c2" decimals="0" unitRef="u0">483750</fsa:LiabilitiesOtherThanProvisions>
   <fsa:LiabilitiesAndEquity contextRef="c2" decimals="0" unitRef="u0">768843</fsa:LiabilitiesAndEquity>
   <fsa:InformationOnAverageNumberOfEmployees contextRef="c0" xml:lang="da">
    

    
        &lt;table xmlns="http://www.w3.org/1999/xhtml" class="incomeStatement" style="border:0; margin-bottom: 20px;"&gt;
            &lt;thead&gt;
            &lt;tr class="header1"&gt;
                &lt;th class="col1"/&gt;
                &lt;th class="col2"/&gt;
                &lt;th class="col3"&gt;2019/21&lt;/th&gt;
            &lt;/tr&gt;
            &lt;/thead&gt;
            &lt;tbody&gt;
                













    &lt;tr&gt;

    &lt;td class="col1 dotted"&gt;
        &lt;span&gt;
            
                Gennemsnitligt antal ansatte
            
        &lt;/span&gt;
    &lt;/td&gt;
    &lt;td class="col2"&gt;
        
    &lt;/td&gt;
    &lt;td class="col3"&gt;
        0
    &lt;/td&gt;
    &lt;td class="col4 lastyear"&gt;
        
    &lt;/td&gt;
&lt;/tr&gt;

            &lt;/tbody&gt;
        &lt;/table&gt;
    

    
</fsa:InformationOnAverageNumberOfEmployees>
   <fsa:AverageNumberOfEmployees contextRef="c0" decimals="0" unitRef="u0">0</fsa:AverageNumberOfEmployees>
   <sob:TheReportingEntityAppliesTheExceptionConcerningOptingOutOfTheStatementByManagementEtc contextRef="c0" xml:lang="da">true</sob:TheReportingEntityAppliesTheExceptionConcerningOptingOutOfTheStatementByManagementEtc>
   <fsa:TheCompanyHasPresentedTheAnnualReportEtcWithReferenceToTheDanishFinancialStatementsAct78aConcerningTheExceptionForReportingClassCMediumsizeSubsidiariesWhichChoosesToPresentTheAnnualReportEtcAccordingToReportingClassB contextRef="c0" xml:lang="da">false</fsa:TheCompanyHasPresentedTheAnnualReportEtcWithReferenceToTheDanishFinancialStatementsAct78aConcerningTheExceptionForReportingClassCMediumsizeSubsidiariesWhichChoosesToPresentTheAnnualReportEtcAccordingToReportingClassB>
   <fsa:SelectedElementsFromReportingClassC contextRef="c0" xml:lang="da">false</fsa:SelectedElementsFromReportingClassC>
   <fsa:AccountingPoliciesAreUnchangedFromPreviousPeriod contextRef="c0" xml:lang="da">true</fsa:AccountingPoliciesAreUnchangedFromPreviousPeriod>
   <gsd:ToolForPreparingTheXBRLInstanceDocument contextRef="c0" xml:lang="da">Erhvervsstyrelsen Regnskab Basis</gsd:ToolForPreparingTheXBRLInstanceDocument>
   <cmn:TypeOfAuditorAssistance contextRef="c0" xml:lang="da">Ingen bistand</cmn:TypeOfAuditorAssistance>
   <gsd:NameOfSubmittingEnterprise contextRef="c0" xml:lang="da">Henrik Staal Larsen</gsd:NameOfSubmittingEnterprise>
   <gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="c0" xml:lang="da">Højbyvej 54</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
   <gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="c0" xml:lang="da">5260 Odense S</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
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