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REGISTERED NUMBER: 14964224 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2024

for

Latent Labs Limited

| Latent Labs Limited (Registered number: 14964224) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Latent Labs Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | S Kohl

| SECRETARY: | Oakwood Corporate Secretary Limited

| REGISTERED OFFICE: | 3rd Floor, 1 Ashley Road

| Altrincham

| Cheshire

| WA14 2DT

| REGISTERED NUMBER: | 14964224 (England and Wales)

| ACCOUNTANTS: | Jacksons Accountants (Ascot) Limited

| The Old Bakehouse

| Course Road

| Ascot

| Berkshire

| SL5 7HL

| Latent Labs Limited (Registered number: 14964224) |

Balance Sheet

31 December 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 16,217 |  | 6,504 |  |

CURRENT ASSETS

Debtors | 5 | 385,330 |  | 37,968 |  |

Cash at bank | 596,729 |  | 604,872 |  |

982,059 |  | 642,840 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,045,621 |  | 32,810 |  |

NET CURRENT (LIABILITIES)/ASSETS | (63,562 | ) | 610,030 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (47,345 | ) | 616,534 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 205 |  | 80 |  |

Share premium | 8 | 2,034,797 |  | 784,922 |  |

Retained earnings | 8 | (2,082,347 | ) | (168,468 | ) |

SHAREHOLDERS' FUNDS | (47,345 | ) | 616,534 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2025 and were signed by:

S Kohl - Director

| Latent Labs Limited (Registered number: 14964224) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Latent Labs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer equipment | - | 20% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2023 - 2 ) .

| Latent Labs Limited (Registered number: 14964224) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | - |  | 6,808 |  | 6,808 |  |

| Additions | 7,196 |  | 5,290 |  | 12,486 |  |

| At 31 December 2024 | 7,196 |  | 12,098 |  | 19,294 |  |

| DEPRECIATION

| At 1 January 2024 | - |  | 304 |  | 304 |  |

| Charge for year | 810 |  | 1,963 |  | 2,773 |  |

| At 31 December 2024 | 810 |  | 2,267 |  | 3,077 |  |

| NET BOOK VALUE

| At 31 December 2024 | 6,386 |  | 9,831 |  | 16,217 |  |

| At 31 December 2023 | - |  | 6,504 |  | 6,504 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Other debtors | 19,407 |  | 4,541 |  |

| Corporation tax | 347,512 |  | 23,029 |  |

| VAT | 13,615 |  | 9,073 |  |

| Prepayments | 4,796 |  | 1,325 |  |

385,330 |  | 37,968 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 164,437 |  | 7,786 |  |

| Amounts owed to group undertakings | 839,641 |  | - |  |

| Social security and other taxes | 32,852 |  | - |  |

| Other creditors | 5,271 |  | - |  |

| Accrued expenses | 3,420 |  | 25,024 |  |

1,045,621 |  | 32,810 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 20,450 | Ordinary | £0.01 | 205 |  | 80 |  |

| 12,500 Ordinary shares of £0.01 each were allotted as fully paid at a premium of £99.99 per share during the year.

| Latent Labs Limited (Registered number: 14964224) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

8. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 January 2024 | (168,468 | ) | 784,922 |  | 616,454 |  |

| Deficit for the year | (1,913,879 | ) | (1,913,879 | ) |

| Cash share issue | - |  | 1,249,875 |  | 1,249,875 |  |

| At 31 December 2024 | (2,082,347 | ) | 2,034,797 |  | (47,550 | ) |

9. | PARENT COMPANY

| The immediate and ultimate parent undertaking is Latent Labs Technologies, Inc. (incorporated in the United States) by virtue of it holding 100% of the issued shared capital of the company. Its registered office is: 953 Indiana Street, San Francisco, CA 94107.