How are PowerShell Modules (particularly PSReadline) loaded automatically in V5?

I recently installed Windows 10, which includes V5 of PowerShell, or 5.1.14393.206 to be exact ($PSVersionTable.PSVersion).

On new computers I install PSReadline. However, Windows 10 comes with it already installed.

My question is, how is PSReadline loading automatically, when there is no profile to import it, (or call a command from it)?

As proof, I ran this code:

$PROFILE | Get-Member -MemberType NoteProperty | % {
    $path = $PROFILE.$($_.Name);
    $exists = Test-Path $path;
    [pscustomobject]@{ Path = $path; Exists = $exists }
}

To get this:

Path                                                                        Exists
----                                                                        ------
C:\Windows\System32\WindowsPowerShell\v1.0\profile.ps1                       False
C:\Windows\System32\WindowsPowerShell\v1.0\Microsoft.PowerShell_profile.ps1  False
C:\Users\tahir\Documents\WindowsPowerShell\profile.ps1                       False
C:\Users\tahir\Documents\WindowsPowerShell\Microsoft.PowerShell_profile.ps1  False

I have gone through all of https://stackoverflow.com/a/23942543/288393:

• No call to Import-Module for PSReadline is made because there are no profiles to call it.
• No commands within PSReadline module are made because, as before, there are no profiles to call it.

Can someone explain this behavior?

There is special code in the console host to load PSReadline if the process is interactive. You can see the code here.