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REGISTERED NUMBER: 13293744 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

XONAI LTD

| XONAI LTD (REGISTERED NUMBER: 13293744) |

Contents of the Financial Statements

for the year ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| XONAI LTD |

Company Information

for the year ended 31 March 2025

| Directors: | A Lotfi

| L F Pereira Pinto Vaz

| G York

| Registered office: | 86-90 Paul Street

| London

| EC2A 4NE

| Registered number: | 13293744 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| New Derwent House

| 69-73 Theobalds Road

| London

| WC1X 8TA

| XONAI LTD (REGISTERED NUMBER: 13293744) |

Balance Sheet

31 March 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

Fixed assets

Intangible assets | 4 | 102 |  | 119 |  |

Tangible assets | 5 | 5,195 |  | 12,279 |  |

5,297 |  | 12,398 |  |

Current assets

Debtors | 6 | 94,839 |  | 147,703 |  |

Cash at bank | 444,142 |  | 1,007,680 |  |

538,981 |  | 1,155,383 |  |

Creditors

Amounts falling due within one year | 7 | 22,325 |  | 23,498 |  |

Net current assets | 516,656 |  | 1,131,885 |  |

Total assets less current liabilities | 521,953 |  | 1,144,283 |  |

Capital and reserves

Called up share capital | 8 | 211 |  | 211 |  |

Share premium | 2,536,111 |  | 2,536,111 |  |

Retained earnings | (2,014,369 | ) | (1,392,039 | ) |

Shareholders' funds | 521,953 |  | 1,144,283 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

L F Pereira Pinto Vaz - Director

| XONAI LTD (REGISTERED NUMBER: 13293744) |

Notes to the Financial Statements

for the year ended 31 March 2025

1. | Statutory information

| Xonai Ltd 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.

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

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.

| Going concern

| The financial statements have been prepared on the going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

| Key source of estimation, uncertainty and judgement

| The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

| There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

| 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.

| Patents and licences are being amortised evenly over their estimated useful life of nil years.

| 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 | - | 33% on cost

| Financial instruments

| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

| XONAI LTD (REGISTERED NUMBER: 13293744) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

2. | Accounting policies - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| 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.

| 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 (2024 - 6 ) .

4. | Intangible fixed assets

Patents and |

licences |

| £

| Cost

| At 1 April 2024

| and 31 March 2025 | 170 |  |

| Amortisation

| At 1 April 2024 | 51 |  |

| Amortisation for year | 17 |  |

| At 31 March 2025 | 68 |  |

| Net book value

| At 31 March 2025 | 102 |  |

| At 31 March 2024 | 119 |  |

| XONAI LTD (REGISTERED NUMBER: 13293744) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

5. | Tangible fixed assets

Computer |

equipment |

| £

| Cost

| At 1 April 2024 | 22,474 |  |

| Additions | 557 |  |

| At 31 March 2025 | 23,031 |  |

| Depreciation

| At 1 April 2024 | 10,195 |  |

| Charge for year | 7,641 |  |

| At 31 March 2025 | 17,836 |  |

| Net book value

| At 31 March 2025 | 5,195 |  |

| At 31 March 2024 | 12,279 |  |

6. | Debtors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Other debtors | 94,839 |  | 147,703 |  |

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

2025 | 2024 |

| £ | £

| Trade creditors | 5,982 |  | 472 |  |

| Taxation and social security | 13,283 |  | 14,999 |  |

| Other creditors | 3,060 |  | 8,027 |  |

22,325 |  | 23,498 |  |

8. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 211,095 | Deferred,Ordinary & Series | £0.001 | 211 |  | 211 |  |