Is JUCE leaking memory, or am I misinterpreting this?

MacOSX and iOS
7

OK, this is an even simpler example.

All this does is use a Timer to call a repaint() on the main component every 10ms.

The memory use goes steadily up and up!

RepaintTest.zip (11.1 KB)

MainComponent::MainComponent()
{
    setSize (600, 400);
    startTimer(10);
}

void MainComponent::timerCallback()
{
    repaint();
}