QML Memory Leak on updating QTQuick text & Image Items from CPP

I am facing memory leak issue when updating text & image items with in timer, Please see the details below:

• Add around 10 Text items and 5 image Items in QML file
• Update the text and images from CPP using setProperty with in a timer (500 ms interval)
• Run the test for 40-50 min & check the memory uses

I am compiling the QML with the Qt Quick Compiler.

PFA : Sample Test Application