IRIS Accounts Production v25.2.0.378 11983031 Board of Directors 31.12.24 1.1.24 31.12.24 31.12.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. specialist provisions of staffing, outsourcing, and professional services, offering access to a global network of expert STEM talent. We support our customers in driving positive change in the modern global economy. true true true false true true false false false false false false false false false false false true true true false Ordinary 0 Ordinary B 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 11983031 2023-12-31 11983031 2024-12-31 11983031 2024-01-01 2024-12-31 11983031 2022-12-31 11983031 2023-01-01 2023-12-31 11983031 2023-12-31 11983031 ns15:EnglandWales 2024-01-01 2024-12-31 11983031 ns14:PoundSterling 2024-01-01 2024-12-31 11983031 ns10:Director1 2024-01-01 2024-12-31 11983031 ns10:Consolidated 2024-12-31 11983031 ns10:ConsolidatedGroupCompanyAccounts 2024-01-01 2024-12-31 11983031 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11983031 ns10:Consolidated ns10:MediumEntities 2024-01-01 2024-12-31 11983031 ns10:Consolidated ns10:Audited 2024-01-01 2024-12-31 11983031 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 11983031 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11983031 ns10:Consolidated 2024-01-01 2024-12-31 11983031 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 11983031 ns10:Medium-sizedCompaniesRegimeForAccounts ns10:Consolidated 2024-01-01 2024-12-31 11983031 ns10:FullAccounts 2024-01-01 2024-12-31 11983031 ns5:Subsidiary1 2024-01-01 2024-12-31 11983031 ns5:Subsidiary2 2024-01-01 2024-12-31 11983031 ns5:Subsidiary3 2024-01-01 2024-12-31 11983031 ns5:Subsidiary4 2024-01-01 2024-12-31 11983031 ns5:Subsidiary5 2024-01-01 2024-12-31 11983031 ns5:Subsidiary6 2024-01-01 2024-12-31 11983031 ns5:Subsidiary7 2024-01-01 2024-12-31 11983031 ns5:Subsidiary8 2024-01-01 2024-12-31 11983031 1 2024-01-01 2024-12-31 11983031 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 11983031 ns10:OrdinaryShareClass2 2024-01-01 2024-12-31 11983031 ns10:Director2 2024-01-01 2024-12-31 11983031 ns10:Director3 2024-01-01 2024-12-31 11983031 ns10:Director4 2024-01-01 2024-12-31 11983031 ns10:Director5 2024-01-01 2024-12-31 11983031 ns10:Consolidated 2023-01-01 2023-12-31 11983031 ns5:CurrentFinancialInstruments 2024-12-31 11983031 ns5:CurrentFinancialInstruments 2023-12-31 11983031 ns5:Non-currentFinancialInstruments 2024-12-31 11983031 ns5:Non-currentFinancialInstruments 2023-12-31 11983031 ns5:ShareCapital 2024-12-31 11983031 ns5:ShareCapital 2023-12-31 11983031 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 11983031 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 11983031 ns5:ShareCapital 2022-12-31 11983031 ns5:RetainedEarningsAccumulatedLosses 2022-12-31 11983031 ns5:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11983031 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 11983031 ns10:RegisteredOffice 2024-01-01 2024-12-31 11983031 ns5:NetGoodwill 2024-01-01 2024-12-31 11983031 ns5:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 11983031 ns5:ComputerSoftware 2024-01-01 2024-12-31 11983031 ns5:ComputerSoftware 2023-12-31 11983031 ns5:ComputerSoftware 2024-12-31 11983031 ns5:ComputerSoftware 2023-12-31 11983031 ns5:FurnitureFittings 2023-12-31 11983031 ns5:ComputerEquipment 2023-12-31 11983031 ns5:FurnitureFittings 2024-01-01 2024-12-31 11983031 ns5:ComputerEquipment 2024-01-01 2024-12-31 11983031 ns5:FurnitureFittings 2024-12-31 11983031 ns5:ComputerEquipment 2024-12-31 11983031 ns5:FurnitureFittings 2023-12-31 11983031 ns5:ComputerEquipment 2023-12-31 11983031 ns5:CostValuation 2023-12-31 11983031 1 ns5:Subsidiary1 2024-01-01 2024-12-31 11983031 2 ns5:Subsidiary1 2024-01-01 2024-12-31 11983031 ns5:Subsidiary2 3 2024-01-01 2024-12-31 11983031 5 ns5:Subsidiary3 2024-01-01 2024-12-31 11983031 ns5:Subsidiary4 7 2024-01-01 2024-12-31 11983031 9 ns5:Subsidiary5 2024-01-01 2024-12-31 11983031 ns5:Subsidiary6 11 2024-01-01 2024-12-31 11983031 13 ns5:Subsidiary7 2024-01-01 2024-12-31 11983031 ns5:Subsidiary8 15 2024-01-01 2024-12-31 11983031 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 11983031 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 11983031 ns5:AcceleratedTaxDepreciationDeferredTax 2024-12-31 11983031 ns5:AcceleratedTaxDepreciationDeferredTax 2023-12-31 11983031 ns5:TaxLossesCarry-forwardsDeferredTax 2024-12-31 11983031 ns5:TaxLossesCarry-forwardsDeferredTax 2023-12-31 11983031 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-12-31 11983031 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2023-12-31 11983031 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-12-31 11983031 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2023-12-31 11983031 ns5:WithinOneYear 2024-12-31 11983031 ns5:WithinOneYear 2023-12-31 11983031 ns5:BetweenOneFiveYears 2024-12-31 11983031 ns5:BetweenOneFiveYears 2023-12-31 11983031 ns5:AllPeriods 2024-12-31 11983031 ns5:AllPeriods 2023-12-31 11983031 ns5:DeferredTaxation 2023-12-31 11983031 ns5:DeferredTaxation 2024-01-01 2024-12-31 11983031 ns5:DeferredTaxation 2024-12-31 11983031 ns10:OrdinaryShareClass1 2024-12-31 11983031 ns10:OrdinaryShareClass2 2024-12-31

REGISTERED NUMBER: 11983031 (England and Wales)

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST DECEMBER 2024 |

| FOR |

| LINNK GROUP LIMITED |

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page |

| Group Strategic Report | 1 |

| Report of the Directors | 3 |

| Independent Auditors' Report | 4 |

| Consolidated Statement of Comprehensive Income | 6 |

| Consolidated Balance Sheet | 7 |

| Company Balance Sheet | 8 |

| Consolidated Statement of Changes in Equity | 9 |

| Company Statement of Changes in Equity | 10 |

| Consolidated Cash Flow Statement | 11 |

| Notes to the Consolidated Financial Statements | 12 |

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2024

The directors present their strategic report of the company and the group for the year ended 31st December 2024.

Founded in 2019 in the UK, Linnk Group now operates globally with offices across the UK, India, Qatar, UAE, and Saudi Arabia.

Linnk specialises in staffing, outsourcing, and professional services, connecting highly skilled STEM talent with organisations to drive positive change. By blending these capabilities, we enable our clients to scale services, accelerate innovation, and deliver mission-critical STEM initiatives worldwide.

At our core, we are workforce specialists deploying STEM talent to solve complex workforce challenges and deliver at pace and scale. From this foundation, our professional services have evolved to provide tailored, outcome-driven solutions aligned with client needs and market dynamics.

To future-proof our impact, we've strategically invested in two core pillars: Linnk Academy and Linnk Innovations.

Linnk Academy is preparing the next generation of STEM professionals through structured training pathways, project-based learning, and alignment wit h emerging market needs ensuring a high-performance, future-ready talent pipeline.

Linnk Innovations is developing the internal capability to deliver outcome-led services at scale. By building AI-powered platforms that enhance recruitment, stre amline workforce management, and automate operational delivery, we are setting new benchmarks in efficiency and service intelligence.

Together, these initiatives position Linnk not just to respond to change but to lead it. We empower organisations to scale confidently, adapt to technology shifts, and thrive in a digital-first world.

As a UK-headquartered business with a growing global footprint, Linnk addresses the pressing challenges of rapid technological change, AI integration, and global STEM skill shortages.

Throughout 2024, Linnk reaffirmed its commitment to global growth by investing in next-gen technology and strengthening our infrastructure to meet evolving client demands. As organisations worldwide navigate an era defined by AI and digital transformation, Linnk stands at the forefront, enabling that transition.

Our strategy is designed to solve today's most urgent challenges: bridging global skills gaps, enabling digital transformation, and supporting the move to AI-enabled operations. With a foundation in traditional staffing, we deploy specialist talent at scale across regions and industries. We've expanded our offering through Linnk Digital Workforce and Linnk Innovations, delivering advanced outsourcing, automation, and tech-enabled solutions tailored to complex client requirements.

This evolution reflects our commitment to anticipating workforce trends and helping clients build resilient, adaptive organisations. The expansion of Linnk Academy and Linnk Talent has strengthened our ability to deliver both ready-now and future-fit STEM professionals, supported by ongoing upskilling and reskilling initiatives.

Linnk is now positioned as a strategic partner across talent, technology, and delivery, empowering organisations to compete and succeed in a digital, interconnected world.

Our people are at the heart of this journey. In 2024, we invested in strategic headcount growth, broadened career development pathways, and deepened our inclusive culture. These efforts helped establish Linnk as both a trusted global partner and a world-class employer recognised with 3-Star status by Best Companies and a Top 100 ranking in The Sunday Times Best Places to Work.

In parallel, Linnk achieved record growth, driven by our long-term strategy of integrating people, technology, and delivery. This was validated by being named the 21st fastest-growing private company in the UK by The Sunday Times and the fastest-growing people services business in London by the UBS Fast Growth 50.

These milestones underscore the impact of our strategic investments in global expansion, AI-driven solutions, and talent development.

REVIEW OF BUSINESS

FY24 Financial Performance

Turnover: £36.6 million (30% YoY growth from FY23's £28.2 million)

Gross Profit: £7.2 million (up 26% from £5.7 million)

Gross Margin: 19.68% (FY23: 20.27%)

Admin Expenses: £6.0 million (FY23: £5.3 million)

Net Profit Before Tax: £1.23 million (FY23: £0.4 million)

The results reflect the Group's continued investment in strategic growth and are considered satisfactory by the Directors, aligned with long-term objectives.

Key Performance Indicators

KPI |  | FY24 |  | FY23 |

Turnover |  | £36.6 million |  | £28.2 million |

Gross Margin |  | 19.68% |  | 20.27% |

Group Debtor Days |  | 51 days |  | 58 days |

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2024

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties facing the Group are summarised below:

Foreign Exchange Risk: Managed via proactive planning and limiting cross-currency transactions.

Credit Risk: Mitigated through credit assessments, flexible terms, and insurance in key markets.

Liquidity and Interest Rate Risk: Managed through invoice discounting, regular liquidity reviews, and controlled debt exposure.

Geopolitical Risk: Closely monitored with adaptive strategies for at-risk regions.

STRATEGIC VIEW: 2025 AND BEYOND

As we enter 2025, Linnk continues to build on its momentum with a clearly defined strategy focused on:

1. Expanding Customer Relationships

Deepening engagement with current clients and forging new partnerships through value-led, bespoke talent solutions.

2. Accelerating Technology Investments

Driving automation and AI integration to transform delivery and amplify impact.

3. Elevating Employee Opportunities

Enabling professional growth, fostering inclusive leadership, and supporting high-performance culture.

4. Widening Our Global Footprint

Growing into new markets while strengthening established regions to scale our STEM impact.

5. Embedding Operational Excellence

Enhancing systems, governance, and delivery frameworks to ensure scalability and service quality.

Technology & Innovation

Innovation powers our future. We are investing in AI, automation, and data-driven processes to lead industry transformation. Our in-house platforms enable faster, smarter, and more scalable delivery models, positioning Linnk at the forefront of the next wave of recruitment and workforce solutions.

People & Culture

At Linnk, people are our greatest asset. We're creating an environment where ambition, diversity, and purpose thrive. Our policies ensure support for all, including those navigating life events. Through inclusive hiring, structured development, and meaningful work, Linnk empowers its people to grow and make an impact globally.

Global Expansion

Our international growth is guided by targeted expansion into high-potential regions. We partner with academic, industry, and government bodies to align with national workforce priorities and deliver sustainable STEM ecosystems worldwide.

VISION, MISSION AND GOAL

Vision: To be the most respected and sought-after brand in our industry, driving innovation and building a global community of exceptional talent.

Mission: To provide transformative services that connect people, knowledge, and delivery empowering organisations to access the right STEM talent on demand.

Goal: To create a world where diverse talent collaborates to solve global challenges using technology as a catalyst for sustainable development.

CLOSING STATEMENT

Linnk is more than a business, we are a movement powered by people, driven by purpose, and fuelled by innovation. Our culture of excellence and collaboration continues to attract top global talent, enabling us to deliver transformative results for clients, candidates, and communities.

Through our investments in platforms, partnerships, and people, we are building a globally connected organisation that is equipped for the future where exceptional individuals come together to do exceptional things.

ON BEHALF OF THE BOARD:

I M O'Neill - Director

28th August 2025

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31ST DECEMBER 2024

The directors present their report with the financial statements of the company and the group for the year ended 31st December 2024.

DIVIDENDS

No dividends will be distributed for the year ended 31st December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report.

J A Duviau

I M O'Neill

A D Olver

J A Sobrany

P A Collins

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen, in accordance with the Companies Act 2006 s414C(11), to set out in the company's strategic report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors' report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

I M O'Neill - Director

28th August 2025

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF

LINNK GROUP LIMITED

Opinion

We have audited the financial statements of Linnk Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st December 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 31st December 2024 and of the group's profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Auditors' Report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF

LINNK GROUP LIMITED

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and industry, we considered the risk of non-compliance with laws and regulations, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to management override and revenue recognition. Audit procedures performed included:

- |  | Enquiring of management whether there were instances of non-compliance with laws and regulation or fraud; |

- |  | Review of legal expenses for evidence of fees relating to non-compliance; |

- |  | Review of journal entries, non-sales bank receipts and non-purchase bank payments for unusual accounting entries; and |

- |  | Substantive testing to ensure revenue was recognised in the correct period. |

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Christian Heeger BSc FCA (Senior Statutory Auditor)

for and on behalf of Galloways Accounting

Statutory Auditors

15 West Street

Brighton

East Sussex

BN1 2RL

3rd September 2025

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

CONSOLIDATED

STATEMENT OF COMPREHENSIVE

INCOME

FOR THE YEAR ENDED 31ST DECEMBER 2024

| 2024 |  | 2023

| Notes | £ | £ |

TURNOVER | 3 | 36,588,542 |  | 28,163,085 |  |

Cost of sales | 29,388,993 |  | 22,455,752 |  |

GROSS PROFIT | 7,199,549 |  | 5,707,333 |  |

Administrative expenses | 6,015,436 |  | 5,271,180 |  |

1,184,113 |  | 436,153 |  |

Other operating income | 26,345 |  | - |  |

OPERATING PROFIT | 5 | 1,210,458 |  | 436,153 |  |

Interest receivable and similar income | 50,743 |  | 12,004 |  |

1,261,201 |  | 448,157 |  |

Interest payable and similar expenses | 6 | 32,352 |  | 22,518 |  |

PROFIT BEFORE TAXATION | 1,228,849 |  | 425,639 |  |

Tax on profit | 7 | (17,360 | ) | 315,295 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,246,209 |  | 110,344 |  |

OTHER COMPREHENSIVE INCOME |

Translation reserve | 88,492 |  | (58,090 | ) |

NCI at acquisition adjustment | (269,529 | ) | - |  |

Income tax relating to components of other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | (181,037 | ) | (58,090 | ) |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,065,172 |  | 52,254 |  |

Profit attributable to:

Owners of the parent | 866,822 |  | (243,929 | ) |

Non-controlling interests | 379,387 |  | 354,273 |  |

1,246,209 |  | 110,344 |  |

Total comprehensive income attributable to:

Owners of the parent | 685,785 |  | (302,019 | ) |

Non-controlling interests | 379,387 |  | 354,273 |  |

1,065,172 |  | 52,254 |  |

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

CONSOLIDATED BALANCE SHEET

31ST DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | 565,388 |  | 616,071 |  |

Tangible assets | 11 | 338,215 |  | 95,500 |  |

Investments | 12 | - |  | - |  |

903,603 |  | 711,571 |  |

CURRENT ASSETS

Debtors | 13 | 8,022,175 |  | 6,713,225 |  |

Cash at bank and in hand | 1,584,353 |  | 1,520,212 |  |

9,606,528 |  | 8,233,437 |  |

CREDITORS

Amounts falling due within one year | 14 | 4,321,434 |  | 4,225,969 |  |

NET CURRENT ASSETS | 5,285,094 |  | 4,007,468 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,188,697 |  | 4,719,039 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (857,909 | ) | (969,411 | ) |

PROVISIONS FOR LIABILITIES | 19 | (1,556,604 | ) | (639,305 | ) |

NET ASSETS | 3,774,184 |  | 3,110,323 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 368 |  | 368 |  |

| Other reserve | 21 | 1,407,707 |  | 1,677,236 |  |

Merger Reserve | 21 | 1,195,645 |  | 1,195,645 |  |

Translation reserve | 21 | 54,361 |  | (34,131 | ) |

Retained earnings | 21 | 783,752 |  | (83,070 | ) |

SHAREHOLDERS' FUNDS | 3,441,833 |  | 2,756,048 |  |

NON-CONTROLLING INTERESTS | 22 | 332,351 |  | 354,275 |  |

TOTAL EQUITY | 3,774,184 |  | 3,110,323 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 28th August 2025 and were signed on its behalf by:

I M O'Neill - Director

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

COMPANY BALANCE SHEET

31ST DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | - |  | - |  |

Tangible assets | 11 | 14,622 |  | 10,937 |  |

Investments | 12 | 110,440 |  | 110,440 |  |

125,062 |  | 121,377 |  |

CURRENT ASSETS

Debtors | 13 | 2,905,341 |  | 2,343,700 |  |

Cash at bank | 63,827 |  | 7,639 |  |

2,969,168 |  | 2,351,339 |  |

CREDITORS

Amounts falling due within one year | 14 | 1,603,761 |  | 1,264,524 |  |

NET CURRENT ASSETS | 1,365,407 |  | 1,086,815 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,490,469 |  | 1,208,192 |  |

CREDITORS

Amounts falling due after more than one year | 15 | 17,500 |  | 47,500 |  |

NET ASSETS | 1,472,969 |  | 1,160,692 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 368 |  | 368 |  |

Retained earnings | 1,472,601 |  | 1,160,324 |  |

SHAREHOLDERS' FUNDS | 1,472,969 |  | 1,160,692 |  |

Company's profit for the financial year | 312,277 |  | 515,842 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 28th August 2025 and were signed on its behalf by:

I M O'Neill - Director

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31ST DECEMBER 2024

| Called up |

| share |  | Retained |  | Other |  | Merger

| capital |  | earnings |  | reserve |  | Reserve

£ | £ | £ | £ |

Balance at 1st January 2023 | 368 |  | 190,859 |  | - |  | 1,195,645 |  |

Changes in equity

Dividends | - |  | (30,000 | ) | - |  | - |  |

Total comprehensive income | - |  | (243,929 | ) | - |  | - |  |

Transaction with NCI | - |  | - |  | 1,677,236 |  | - |  |

Balance at 31st December 2023 | 368 |  | (83,070 | ) | 1,677,236 |  | 1,195,645 |  |

Changes in equity

Total comprehensive income | - |  | 866,822 |  | (269,529 | ) | - |  |

Balance at 31st December 2024 | 368 |  | 783,752 |  | 1,407,707 |  | 1,195,645 |  |

| Translation |  | Non-controlling |  | Total

| reserve |  | Total |  | interests |  | equity

£ | £ | £ | £ |

Balance at 1st January 2023 | 23,959 |  | 1,410,831 |  | 2 |  | 1,410,833 |  |

Changes in equity

Dividends | - |  | (30,000 | ) | - |  | (30,000 | ) |

Total comprehensive income | (58,090 | ) | (302,019 | ) | 354,273 |  | 52,254 |  |

Transaction with NCI | - |  | 1,677,236 |  | - |  | 1,677,236 |  |

Balance at 31st December 2023 | (34,131 | ) | 2,756,048 |  | 354,275 |  | 3,110,323 |  |

Changes in equity

Dividends | - |  | - |  | (401,311 | ) | (401,311 | ) |

Total comprehensive income | 88,492 |  | 685,785 |  | 379,387 |  | 1,065,172 |  |

Balance at 31st December 2024 | 54,361 |  | 3,441,833 |  | 332,351 |  | 3,774,184 |  |

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31ST DECEMBER 2024

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1st January 2023 | 368 |  | 674,482 |  | 674,850 |  |

Changes in equity

Dividends | - |  | (30,000 | ) | (30,000 | ) |

Total comprehensive income | - |  | 515,842 |  | 515,842 |  |

Balance at 31st December 2023 | 368 |  | 1,160,324 |  | 1,160,692 |  |

Changes in equity

Total comprehensive income | - |  | 312,277 |  | 312,277 |  |

Balance at 31st December 2024 | 368 |  | 1,472,601 |  | 1,472,969 |  |

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST DECEMBER 2024

| 2024 |  | 2023

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 26 | 1,176,446 |  | (344,576 | ) |

Tax paid | (569,921 | ) | (106,189 | ) |

Net cash from operating activities | 606,525 |  | (450,765 | ) |

Cash flows from investing activities

Purchase of intangible fixed assets | (30,119 | ) | (14,145 | ) |

Purchase of tangible fixed assets | (297,296 | ) | (24,114 | ) |

Sale of tangible fixed assets | (6,480 | ) | 1,772 |  |

Net cash on acquisition of subsidiaries | - |  | 1,024,985 |  |

Interest received | 50,743 |  | 12,004 |  |

Net cash from investing activities | (283,152 | ) | 1,000,502 |  |

Cash flows from financing activities

New loans in year | 344,070 |  | 583,733 |  |

Loan repayments in year | (240,317 | ) | (66,024 | ) |

Amount withdrawn by directors | (17,814 | ) | (26,959 | ) |

Equity dividends paid | (401,311 | ) | (30,000 | ) |

Interest paid | (32,352 | ) | (22,518 | ) |

Net cash from financing activities | (347,724 | ) | 438,232 |  |

(Decrease)/increase in cash and cash equivalents | (24,351 | ) | 987,969 |  |

Cash and cash equivalents at beginning of year | 27 | 1,520,212 |  | 590,333 |  |

Effect of foreign exchange rate changes | 88,492 |  | (58,090 | ) |

Cash and cash equivalents at end of year | 27 | 1,584,353 |  | 1,520,212 |  |

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

1. | Statutory information

| Linnk Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 11983031

| Registered office: | New City Court

| 20 St Thomas Street

| London

| SE1 9RS

| The presentation currency of the financial statements is the Pound Sterling (£).

| The principal activity of the group was specialist provision of staffing, outsourcing, and professional services offering access to a global network of expert STEM talent.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going concern

| The directors regularly monitor performance of the group with focus on profitability and cash generation. This allows the directors to make informed judgements about the operations of the group to ensure its long term performance. The directors are satisfied that the group's financial statements should be prepared on a going concern basis.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| Reduced disclosures

| The parent company has taken advantage of the exemption from disclosing the following information, as permitted by the reduced disclosure regime within FRS 102, since the financial statements of the parent company are consolidated in the group financial statements:

| - Section 7 ‘Statement of Cash Flows’ - Presentation of a Statement of Cash Flow and related notes and disclosures.

| - Section 11 'Basic Financial Instruments' - Disclosure relating to financial instruments.

| - Section 33 ‘Related Party Disclosures’ - Compensation for key management personnel.

| Basis of consolidation

| The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings.

| A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.

| Any subsidiary undertakings sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.

| All intra-group transactions, balances, income and expenses are eliminated on consolidation.

| Judgements and key sources of estimation uncertainty

| In the application of the group's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| Control of Linnk Arabia Limited

| Assessment of whether the group controls Linnk Arabia Limited requires judgement. The group holds less than 50% of the voting rights but the group controls the strategic, operating and financial policies of Linnk Arabia Limited. This includes the power to set the annual budget and financial plan, appoint and remove senior executives and set their remuneration, and set operating procedures and responsibilities. The group considers that these powers demonstrate that it controls Linnk Arabia Limited, which has been acknowledged by the other shareholder.

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

2. | Accounting policies - continued

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover is recognised over the course of the contracted placement, or in the case of permanent placements when the placement begins. Turnover is recognised when the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually at the point contractor time sheets have been completed and approved.

| Goodwill

| Goodwill recognised represents the excess of the fair value and directly attributable costs of the purchase consideration over the fair values to the group’s interest in the identifiable net assets, liabilities and contingent liabilities acquired.

| Goodwill is amortised over its expected useful life which is estimated to be 10 years.

| Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of three years.

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation of each asset to its estimated residual value on a straight line basis over its expected useful life, as follows:

| Fixtures and fittings |  | - |  | Straight line over 3 years |  |

| Computer equipment |  | - |  | Straight line over 3 - 6 years & 33% reducing balance |  |

| Financial instruments

| The Group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102, in full, to all of its financial instruments.

| Financial assets and financial liabilities are recognised when the Group becomes a party to the contractual provisions of the instrument.

| Basic financial assets and liabilities

| Trade, group and other debtors (including accrued income) which do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.

| A provision for impairment of debtors is established when there is objective evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss for the excess of the carrying value of the debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised in profit or loss.

| Trade, group and other creditors (including accruals) that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled.

| Debt instruments are carried at amortised cost using the effective interest rate method.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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.

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

2. | Accounting policies - continued

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Leases

| Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the lease.

| Pension costs and other post-retirement benefits

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

| Investment in subsidiaries

| Investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. the investments are assessed for impairment at each reporting date and any impairment losses are recognised in profit and loss.

3. | Turnover

| The turnover and profit before taxation are attributable to the one principal activity of the group.

| An analysis of turnover by geographical market is given below:

| 2024 |  | 2023

£ | £ |

| United Kingdom | 576,830 |  | 355,897 |  |

| South America | 420,230 |  | 231,417 |  |

| Asia | 30,100,433 |  | 24,916,650 |  |

| Africa | 128,370 |  | 146,707 |  |

| North America | 2,450,258 |  | 262,654 |  |

| Other European countries | 2,912,421 |  | 2,249,760 |  |

36,588,542 |  | 28,163,085 |  |

| Revenue was solely derived from the rendering of services.

4. | Employees and directors

| 2024 |  | 2023

£ | £ |

| Wages and salaries | 23,666,168 |  | 19,905,661 |  |

| Social security costs | 287,971 |  | 221,750 |  |

| Other pension costs | 198,272 |  | 476,194 |  |

24,152,411 |  | 20,603,605 |  |

| The average number of employees during the year was as follows:

| 2024 |  | 2023

| Direct | 376 |  | 272 |  |

| Administrative | 96 |  | 87 |  |

472 |  | 359 |  |

| 2024 |  | 2023

£ | £ |

| Directors' remuneration | 635,604 |  | 512,196 |  |

| Directors' pension contributions to money purchase schemes | 5,283 |  | 5,283 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 4 |  | 4 |  |

| Information regarding the highest paid director is as follows:

| 2024 |  | 2023

£ | £ |

| Emoluments etc | 164,238 |  | 112,250 |  |

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

5. | Operating profit

| The operating profit is stated after charging:

| 2024 |  | 2023

£ | £ |

| Other operating leases | 433,318 |  | 363,346 |  |

| Depreciation - owned assets | 47,257 |  | 23,347 |  |

| Loss on disposal of fixed assets | 13,804 |  | - |  |

| Goodwill amortisation | 75,281 |  | 75,281 |  |

| Computer software amortisation | 5,521 |  | 3,222 |  |

| Auditors' remuneration | 30,500 |  | 25,000 |  |

| Foreign exchange differences | 138,981 |  | 154,757 |  |

6. | Interest payable and similar expenses |

| 2024 |  | 2023

£ | £ |

| Bank loan interest | 31,807 |  | 8,276 |  |

| Other loans | - |  | 13,125 |  |

| Overdue taxes | 545 |  | 1,117 |  |

32,352 |  | 22,518 |  |

7. | Taxation

| Analysis of the tax (credit)/charge

| The tax (credit)/charge on the profit for the year was as follows:

| 2024 |  | 2023

£ | £ |

| Current tax:

| UK corporation tax | 56,840 |  | 49,731 |  |

| Overseas Tax | 307,566 |  | 257,197 |  |

| Total current tax | 364,406 |  | 306,928 |  |

| Deferred tax | (381,766 | ) | 8,367 |  |

| Tax on profit | (17,360 | ) | 315,295 |  |

| UK corporation tax has been charged at 25 % (2023 - 23.50 %).

| Reconciliation of total tax (credit)/charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 2024 |  | 2023

£ | £ |

| Profit before tax | 1,228,849 |  | 425,639 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2023 - 23.500 %) | 307,212 |  | 100,025 |  |

| Effects of:

| Expenses not deductible for tax purposes | 118,242 |  | 359,002 |  |

| Income not taxable for tax purposes | (16,241 | ) | (41,639 | ) |

| Utilisation of tax losses | (5,382 | ) | (29,751 | ) |

| Adjustments to tax charge in respect of previous periods | (918 | ) | - |  |

| Tax at different rates | (128,777 | ) | (72,342 | ) |

| Deferred tax not provided | 9,053 |  | - |  |

| Deferred tax not provided in prior periods | (300,549 | ) | - |  |

| Total tax (credit)/charge | (17,360 | ) | 315,295 |  |

| Tax effects relating to effects of other comprehensive income |

| 2024 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Translation reserve | 88,492 |  | - |  | 88,492 |  |

| NCI at acquisition adjustment | (269,529 | ) | - |  | (269,529 | ) |

(181,037 | ) | - |  | (181,037 | ) |

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

7. | Taxation - continued

| 2023 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Translation reserve | (58,090 | ) | - |  | (58,090 | ) |

| The corporation tax rate changed from 19% to 25% on 1 April 2023.

| The net amount of deferred tax expected to reverse in 2025 is £nil (prior year: £nil).

8. | Individual statement of comprehensive income

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

9. | Dividends

| 2024 |  | 2023

£ | £ |

| Ordinary shares of £0.01 each

| Interim | - |  | 30,000 |  |

10. | Intangible fixed assets

| Group

| Computer |

| Goodwill |  | software |  | Totals

£ | £ | £ |

| COST

| At 1st January 2024 | 752,810 |  | 28,259 |  | 781,069 |  |

| Additions | - |  | 30,119 |  | 30,119 |  |

| At 31st December 2024 | 752,810 |  | 58,378 |  | 811,188 |  |

| AMORTISATION

| At 1st January 2024 | 154,354 |  | 10,644 |  | 164,998 |  |

| Amortisation for year | 75,281 |  | 5,521 |  | 80,802 |  |

| At 31st December 2024 | 229,635 |  | 16,165 |  | 245,800 |  |

| NET BOOK VALUE

| At 31st December 2024 | 523,175 |  | 42,213 |  | 565,388 |  |

| At 31st December 2023 | 598,456 |  | 17,615 |  | 616,071 |  |

| Amortisation is included with administrative expenses in the statement of comprehensive income.

| Company

| Computer

| software

£ |

| COST

| At 1st January 2024

| and 31st December 2024 | 5,945 |  |

| AMORTISATION

| At 1st January 2024

| and 31st December 2024 | 5,945 |  |

| NET BOOK VALUE

| At 31st December 2024 | - |  |

| At 31st December 2023 | - |  |

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

11. | Tangible fixed assets

| Group

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1st January 2024 | 53,707 |  | 93,588 |  | 147,295 |  |

| Additions | 266,686 |  | 30,610 |  | 297,296 |  |

| Disposals | (7,324 | ) | - |  | (7,324 | ) |

| At 31st December 2024 | 313,069 |  | 124,198 |  | 437,267 |  |

| DEPRECIATION

| At 1st January 2024 | 2,760 |  | 49,035 |  | 51,795 |  |

| Charge for year | 22,686 |  | 24,571 |  | 47,257 |  |

| At 31st December 2024 | 25,446 |  | 73,606 |  | 99,052 |  |

| NET BOOK VALUE

| At 31st December 2024 | 287,623 |  | 50,592 |  | 338,215 |  |

| At 31st December 2023 | 50,947 |  | 44,553 |  | 95,500 |  |

| Company

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1st January 2024 | 2,889 |  | 39,662 |  | 42,551 |  |

| Additions | 200 |  | 11,837 |  | 12,037 |  |

| At 31st December 2024 | 3,089 |  | 51,499 |  | 54,588 |  |

| DEPRECIATION

| At 1st January 2024 | 1,258 |  | 30,356 |  | 31,614 |  |

| Charge for year | 581 |  | 7,771 |  | 8,352 |  |

| At 31st December 2024 | 1,839 |  | 38,127 |  | 39,966 |  |

| NET BOOK VALUE

| At 31st December 2024 | 1,250 |  | 13,372 |  | 14,622 |  |

| At 31st December 2023 | 1,631 |  | 9,306 |  | 10,937 |  |

12. | Fixed asset investments

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1st January 2024

| and 31st December 2024 | 110,440 |  |

| NET BOOK VALUE

| At 31st December 2024 | 110,440 |  |

| At 31st December 2023 | 110,440 |  |

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

12. | Fixed asset investments - continued

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiaries

| Illuminati Pangea Consulting Ltd

| Registered office: New City Court, 20 St Thomas Street, London, SE1 9RS

| Nature of business: Holding company

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Ordinary A | 100.00 |

| Illuminati Pangea Consulting Ltd has claimed exemption from audit under section 479A of the Companies Act 2006, whereby Linnk Group Limited provides a guarantee under section 479C of the Companies Act 2006.

| Inteco Consult Ltd

| Registered office: New City Court, 20 St Thomas Street, London, SE1 9RS

| Nature of business: Holding company

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Inteco Consult Ltd is a 100% subsidiary of Illuminati Pangea Consulting Ltd.

| Inteco Consult Ltd has claimed exemption from audit under section 479A of the Companies Act 2006, whereby Linnk Group Limited provides a guarantee under section 479C of the Companies Act 2006.

| Linnk Arabia Limited

| Registered office: New City Court, 20 St. Thomas Street, London, SE1 9RS

| Nature of business: Holding company

| %

| Class of shares: | holding |

| Ordinary | 49.00 |

| Linnk Arabia Limited is considered to be a subsidiary of the group by virtue of the group's control over its operations and strategic decisions.

| Linnk Arabia Limited has claimed exemption from audit under section 479A of the Companies Act 2006, whereby Linnk Group Limited provides a guarantee under section 479C of the Companies Act 2006.

| Linnk Group Technology Consulting Trading and Contracting W.L.L

| Registered office: Palm Tower B, Al Dafna West Bay, Building 19, Zone 60, Street 820, PO Box 31954 Doha, Qatar

| Nature of business: STEM recruitment

| %

| Class of shares: | holding |

| Ordinary | 97.00 |

| Linnk Group Technology Consulting Trading and Contracting W.L.L is a 97% subsidiary of Inteco Consult Ltd.

| By virtue of the shareholders agreement between Linnk Group Limited and Linnk Group Technology Consulting Trading and Contracting W.L.L, Linnk Group Limited has 100% rights to capital, dividend and voting matters in Linnk Group Technology Consulting Trading and Contracting W.L.L.

| Linnk Outsource Solutions India Private Limited

| Registered office: 10/174B Community Skill Park, Vidyanagar, 671121, India

| Nature of business: STEM recruitment

| %

| Class of shares: | holding |

| Ordinary | 99.99 |

| Linnk Technology Services L.L.C

| Registered office: P.O. Box No: 313031, Level 41, Emirates Towers, Trade Center, Dubai, UAE

| Nature of business: STEM recruitment

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

12. | Fixed asset investments - continued

| Benta Al Jazira Co. Ltd

| Registered office: Al Imam Ash Shafi'i R, Ar Rawabi District, Riyadh, Saudi Arabia

| Nature of business: STEM recruitment

| %

| Class of shares: | holding |

| Ordinary | 49.00 |

| Benta Al Jazira Co. Ltd is a 100% subsidiary of Linnk Arabia Limited.

| Linnk STEM Technology Services LLC

| Registered office: Awadhu Build, Al Garhoud, Dubai, 31303, UAE

| Nature of business: STEM recruitment

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| The shares of Linnk STEM Technology Services LLC are held on trust for the group by a director, J A Sobrany. Therefore, the company is considered to be a subsidiary of the group.

13. | Debtors

| Group |  | Company |

2024 | 2023 | 2024 | 2023 |

£ | £ | £ | £ |

| Amounts falling due within one year: |

| Trade debtors | 5,109,494 |  | 4,493,934 |  | 1,162,860 |  | 527,638 |  |

| Amounts owed by group undertakings | - |  | - |  | 650,228 |  | 706,337 |  |

| Other debtors | 286,352 |  | 197,639 |  | 180,888 |  | 169,058 |  |

| Directors' current accounts | 32,048 |  | 16,042 |  | 36,066 |  | 20,492 |  |

| Tax | - |  | - |  | - |  | 43,349 |  |

| VAT | 22,368 |  | 26,850 |  | 54,954 |  | 54,392 |  |

| Deferred tax asset | - |  | - |  | - |  | 23,612 |  |

| Prepayments and accrued income | 1,641,495 |  | 1,282,604 |  | 211,872 |  | 130,178 |  |

7,091,757 |  | 6,017,069 |  | 2,296,868 |  | 1,675,056 |  |

| Amounts falling due after more than one year: |

| Other debtors | 516,429 |  | 668,644 |  | 516,429 |  | 668,644 |  |

| Deferred tax asset | 413,989 |  | 27,512 |  | 92,044 |  | - |  |

930,418 |  | 696,156 |  | 608,473 |  | 668,644 |  |

| Aggregate amounts | 8,022,175 |  | 6,713,225 |  | 2,905,341 |  | 2,343,700 |  |

| Deferred tax asset

| Group |  | Company |

2024 | 2023 | 2024 | 2023 |

£ | £ | £ | £ |

| Accelerated capital allowances | 28,378 |  | (8,028 | ) | - |  | (2,734 | ) |

| Tax losses carried forward | 104,574 |  | 35,540 |  | 92,044 |  | 26,346 |  |

| Other timing differences | 281,037 |  | - |  | - |  | - |  |

413,989 |  | 27,512 |  | 92,044 |  | 23,612 |  |

| Other debtors includes £668,642 (2023: £812,244) of deferred consideration from a third party following the acquisition of a shareholding in a subsidiary in 2023. £152,215 (2023: £143,600) is included in debtors due within one year and £516,429 (2023: £668,644) is included in debtors due after one year. Interest recognised during the year was £48,735 (2023: £12,004).

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

14. | Creditors: amounts falling due within one year |

| Group |  | Company |

2024 | 2023 | 2024 | 2023 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 16) | 41,546 |  | 40,447 |  | 30,000 |  | 30,000 |  |

| Other loans (see note 16) | 312,000 |  | 512,000 |  | 312,000 |  | 512,000 |  |

| Trade creditors | 375,121 |  | 102,773 |  | 264,924 |  | 49,704 |  |

| Amounts owed to group undertakings | - |  | - |  | 31,757 |  | 17,396 |  |

| Tax | 359,442 |  | 290,717 |  | - |  | - |  |

| Social security and other taxes | 52,423 |  | 101,680 |  | 40,695 |  | 85,081 |  |

| Other creditors | 1,698,973 |  | 1,213,537 |  | 728,735 |  | 393,944 |  |

| Directors' current accounts | - |  | 1,808 |  | - |  | 731 |  |

| Accruals and deferred income | 1,481,929 |  | 1,963,007 |  | 195,650 |  | 175,668 |  |

4,321,434 |  | 4,225,969 |  | 1,603,761 |  | 1,264,524 |  |

| Other creditors include invoice discounting facilities amounting to £687,527 (2023: £343,457) which are repayable on receipt of trade debtors financed through the facility. The discount charge is 1.95% per annum above the Bank of England Base Rate. The discount charge during the year was £82,912 (2023: £32,389).

| Other creditors include an amount owed to a shareholder of a subsidiary. This is interest-free and repayable over a period of five years, with £315,612 (2023: £520,108) payable within one year.

15. | Creditors: amounts falling due after more than one year |

| Group |  | Company |

2024 | 2023 | 2024 | 2023 |

£ | £ | £ | £ |

| Bank loans (see note 16) | 72,677 |  | 114,093 |  | 17,500 |  | 47,500 |  |

| Other creditors | 785,232 |  | 855,318 |  | - |  | - |  |

857,909 |  | 969,411 |  | 17,500 |  | 47,500 |  |

| Other creditors comprise an amount owed to a shareholder of a subsidiary. This is interest-free and repayable over a period of five years, with £785,232 (2023: £855,318) payable in more than one year.

16. | Loans

| An analysis of the maturity of loans is given below:

| Group |  | Company |

2024 | 2023 | 2024 | 2023 |

£ | £ | £ | £ |

| Amounts falling due within one year or on demand: |

| Bank loans | 41,546 |  | 40,447 |  | 30,000 |  | 30,000 |  |

| Other loans | 312,000 |  | 512,000 |  | 312,000 |  | 512,000 |  |

353,546 |  | 552,447 |  | 342,000 |  | 542,000 |  |

| Amounts falling due between one and two years: |

| Bank loans - 1-2 years | 72,677 |  | 41,640 |  | 17,500 |  | 30,000 |  |

| Amounts falling due between two and five years: |

| Bank loans - 2-5 years | - |  | 72,453 |  | - |  | 17,500 |  |

| The group has two unsecured bank loans repayable in monthly instalments and due to be fully repaid by June 2026. Interest is charged monthly at 2.5% per annum. Interest charged during the year was £1,949 (2023: £359).

| The group has a secured bank loan repayable in monthly instalments and due to be fully repaid by July 2026. Interest is charged monthly at 3.99% per annum over the Bank of England Base Rate. Interest charged during the year was £5,858 (2023: £7,916). The loan is secured by a fixed and floating charged over the assets of the group.

| Other loans include an unsecured loan which is interest-free and repayable on demand of £nil (2023: £200,000). and a loan of £300,000 (2023: £300,000) that was due for repayment by June 2024 with an extension to June 2025, with interest charged at 8% and secured by a personal guarantee from a director. Interest charged during the period was £24,000 (2023: £12,000).

17. | Leasing agreements

| Minimum lease payments fall due as follows:

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

| Group

| Non-cancellable |

| operating leases |

2024 | 2023 |

£ | £ |

| Within one year | 399,601 |  | 234,550 |  |

| Between one and five years | 476,169 |  | 444,420 |  |

875,770 |  | 678,970 |  |

| Company

| Non-cancellable |

| operating leases |

2024 | 2023 |

£ | £ |

| Within one year | 271,346 |  | 110,959 |  |

| Between one and five years | 139,501 |  | - |  |

410,847 |  | 110,959 |  |

18. | Secured debts

| The following secured debts are included within creditors:

| Group |

2024 | 2023 |

£ | £ |

| Bank loans | 114,223 |  | 154,540 |  |

| Invoice discounting facilities | 687,527 |  | 343,457 |  |

801,750 |  | 497,997 |  |

| The bank loan is secured by a debenture comprising fixed and floating charges over all the assets and undertakings of the borrower including all present and future freehold and leasehold property, book and other debts, chattels; goodwill; uncalled capital, both present and future.

| The invoice discounting facilities are secured by a fixed and floating charge over the assets of the group.

19. | Provisions for liabilities

| Group |

2024 | 2023 |

£ | £ |

| Other provisions

| Employees' end of service

| benefit | 1,556,604 |  | 639,305 |  |

1,556,604 |  | 639,305 |  |

| Aggregate amounts | 1,556,604 |  | 639,305 |  |

| Group

| End |

| Deferred |  | of |

| tax |  | Service |

£ | £ |

| Balance at 1st January 2024 | (27,512 | ) | 639,305 |  |

| (Credit)/charge to Statement of Comprehensive Income during year | (386,477 | ) | 917,299 |  |

| Foreign exchange translation |

| Balance at 31st December 2024 | (413,989 | ) | 1,556,604 |  |

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

19. | Provisions for liabilities - continued

| Company

| Deferred |

| tax |

£ |

| Balance at 1st January 2024 | (23,612 | ) |

| Credit to Income Statement during year | (68,432 | ) |

| Balance at 31st December 2024 | (92,044 | ) |

| Management has measured the group's obligation for the post-employment benefits of its employees based on the provisions of the Qatar Labour Law No. 14 of 2004, the UAE Federal Labor Law No 8 of 1980, and the Saudi Arabia regulations of the General Organisation for Social Insurance. The calculation of the provision is performed by management at the end of each year, and any change to the projected benefit obligation at the year-end is adjusted in the provision for employees’ end of service benefits in the profit or loss.

20. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 35,000 | Ordinary | £0.01 | 350 |  | 350 |  |

| 1,842 | Ordinary B | £0.01 | 18 |  | 18 |  |

368 |  | 368 |  |

| Ordinary Shares

| The Ordinary shares are not redeemable and entitle a holder to: (a) receive rateably in accordance with the number of shares held by them any profits available for distribution and resolved to be distributed by the company; (b) on a return of capital to receive in accordance with the number of shares held, any amount payable to shareholders on a liquidation or reduction of capital; and (c) a right to receive notice, attend and vote at general meetings of the company and on a poll vote, to one vote per share held.

| Ordinary B Shares

| The Ordinary B shares are not redeemable and entitle a holder to: (a) receive rateably in accordance with the number of shares held by them any profits available for distribution and resolved to be distributed by the company; (b) on a return of capital to receive in accordance with the number of shares held, any amount payable to shareholders on a liquidation or reduction of capital; and (c) no right to receive notice of, attend and vote at general meetings of the company or on a poll vote.

21. | Reserves

| The other reserve relates to a transaction with a non-controlling interest in which the group part-disposed a subsidiary without loss of control. The reserve reduced by £269,529 during the year due to a pre-acquisition adjustment in the financial statements of the subsidiary. The adjustment was the recognition of additional tax payable.

22. | Non-controlling interests

| The movement in non-controlling interests was as follows:

|  | 2024 |  | 2023 |  |

| £ |  | £ |  |

| At the beginning of the year |  | 354,275 |  | 2 |  |

| Total comprehensive income/(loss) attributable to non-controlling interests |  | 379,387 |  | 354,273 |  |

| Non-controlling interest dividends |  | (401,311 | ) | - |  |

|  | 332,351 |  | 354,275 |  |

23. | Pension commitments

| A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund. The charge to the profit and loss in respect of UK-based defined contribution schemes is £18,749 (2023: £20,052).

24. | Directors' advances, credits and guarantees

| Group

| During the year, the group advanced directors £16,006 (2023: £11,381) and they made repayments of £nil (2023: £1,105). At the year end, the directors owed the group £32,048 (2023: £16,042). The advances are interest-free, unsecured and repayable on demand.

| Company

| During the year, the company advanced directors £15,574 (2023: £11,381). At the year end, the directors owed the company £36,066 (2023: £20,492). The advances are interest-free, unsecured and repayable on demand.

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

25. | Related party disclosures

| Group

| At the year end, the group owed a shareholder £nil (2023: £200,000). Interest of £nil (2022: £500) was payable. The loan was unsecured and repayable on demand.

| At the year end, the group owed the directors £nil (2023: £1,808). The amounts were interest-free, unsecured and repayable on demand.

| At the year end, the group owed a member of key management an amount of £1,100,843 (2023: £1,375,426) and he owed the group an amount of £668,642 (2023: £812,244). The loans were interest-free, unsecured and repayable in instalments with a final repayment date of September 2028.

| During the year, a total of key management personnel compensation of £836,994 (2023: £723,520) was paid.

| Company

| At the year end, the company owed a shareholder £nil (2023: £200,000). Interest of £nil (2023: £500) was payable. The loan was unsecured and repayable on demand.

| At the year end, the company owed the directors £nil (2023: £731). The amounts were interest-free, unsecured and repayable on demand.

| During the year, the company charged management fees of £744,688 (2023: £557,128) and was charged management fees of £406,955 (2023: £300,464) to/by not wholly-owned group undertakings. It also received dividend income from not wholly-owned group undertakings of £401,311 (2023: £502,330). At the year end it was owed £377,179 (2023: £135,208) and owed £31,757 (2023: £17,396) by/to not wholly-owned group undertakings.

26. | Reconciliation of profit for the financial year to cash generated from operations

| 2024 |  | 2023

£ | £ |

| Profit for the financial year | 1,246,209 |  | 110,344 |  |

| Depreciation charges | 128,060 |  | 101,850 |  |

| Loss on disposal of fixed assets | 13,804 |  | - |  |

| Provisions movement | 917,299 |  | (412,787 | ) |

| Finance costs | 32,352 |  | 22,518 |  |

| Finance income | (50,743 | ) | (12,004 | ) |

| Taxation | (17,360 | ) | 315,295 |  |

2,269,621 |  | 125,216 |  |

| Increase in trade and other debtors | (906,467 | ) | (865,036 | ) |

| (Decrease)/increase in trade and other creditors | (186,708 | ) | 395,244 |  |

| Cash generated from operations | 1,176,446 |  | (344,576 | ) |

27. | Cash and cash equivalents

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31st December 2024

| 31/12/24 |  | 1/1/24

£ | £ |

| Cash and cash equivalents | 1,584,353 |  | 1,520,212 |  |

| Year ended 31st December 2023

| 31/12/23 |  | 1/1/23

£ | £ |

| Cash and cash equivalents | 1,520,212 |  | 590,333 |  |

| LINNK GROUP LIMITED (REGISTERED NUMBER: 11983031) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

28. | Analysis of changes in net funds

| At 1/1/24 | Cash flow | At 31/12/24

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 1,520,212 |  | 64,141 |  | 1,584,353 |  |

1,520,212 |  | 64,141 |  | 1,584,353 |  |

| Debt

| Debts falling due within 1 year | (552,447 | ) | 198,901 |  | (353,546 | ) |

| Debts falling due after 1 year | (114,093 | ) | 41,416 |  | (72,677 | ) |

(666,540 | ) | 240,317 |  | (426,223 | ) |

| Total | 853,672 |  | 304,458 |  | 1,158,130 |  |