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REGISTERED NUMBER: 06127832 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ZICONIX LTD

| ZICONIX LTD (REGISTERED NUMBER: 06127832) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| ZICONIX LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | Mrs Caroline Elizabeth Saunders

| Mr Stephen Charles Sims

| Mr Matthew John Sims

| Dr Charles Robert Sims

| Mrs Carol Mary Sims

| SECRETARY: | Mr Matthew John Sims

| REGISTERED OFFICE: | 70 Chapel Lane

| Fowlmere

| Hertfordshire

| SG8 7SD

| REGISTERED NUMBER: | 06127832 (England and Wales)

| ACCOUNTANTS: | Thompson Taraz Rand Ltd

| Chartered Accountants

| 10 Jesus Lane

| Cambridge

| Cambridgeshire

| CB5 8BA

| ZICONIX LTD (REGISTERED NUMBER: 06127832) |

BALANCE SHEET

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 2,475 |  | 3,150 |  |

Investments | 6 | 2 |  | 2 |  |

2,477 |  | 3,152 |  |

CURRENT ASSETS

Debtors | 7 | 48,706 |  | 49,545 |  |

Cash and cash equivalents | 16,034 |  | 15,227 |  |

64,740 |  | 64,772 |  |

CREDITORS

Amounts falling due within one year | 8 | (19,580 | ) | (36,766 | ) |

NET CURRENT ASSETS | 45,160 |  | 28,006 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 47,637 |  | 31,158 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 2,654 |  | 2,654 |  |

Share premium | 795,470 |  | 795,470 |  |

Retained earnings | (750,487 | ) | (766,966 | ) |

SHAREHOLDERS' FUNDS | 47,637 |  | 31,158 |  |

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.

| ZICONIX LTD (REGISTERED NUMBER: 06127832) |

BALANCE SHEET - continued

31 MARCH 2025

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 29 August 2025 and were signed on its behalf by:

Mr Matthew John Sims - Director

| ZICONIX LTD (REGISTERED NUMBER: 06127832) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Ziconix 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparation

| The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

| The company recognises revenue when:

| The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

| Tangible fixed assets

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

| Plant and machinery | - | 15% on cost

| Computer equipment | - | 33.33% on cost

| Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated

| depreciation and subsequent accumulated impairment losses.

| The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

| Financial instruments

| Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| 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.

| ZICONIX LTD (REGISTERED NUMBER: 06127832) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | ACCOUNTING POLICIES - continued

| Business combinations

| Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| Trade debtors

| Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

| Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

| Trade creditors

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

| Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

| Share capital

| Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 1 ) .

| ZICONIX LTD (REGISTERED NUMBER: 06127832) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 4,500 |  | 7,298 |  | 11,798 |  |

| DEPRECIATION

| At 1 April 2024 | 1,350 |  | 7,298 |  | 8,648 |  |

| Charge for year | 675 |  | - |  | 675 |  |

| At 31 March 2025 | 2,025 |  | 7,298 |  | 9,323 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,475 |  | - |  | 2,475 |  |

| At 31 March 2024 | 3,150 |  | - |  | 3,150 |  |

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 2 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2 |  |

| At 31 March 2024 | 2 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 5,780 |  |

| Other debtors | 48,706 |  | 43,765 |  |

48,706 |  | 49,545 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 1,193 |  | 63 |  |

| Taxation and social security | 721 |  | 158 |  |

| Other creditors | 17,666 |  | 36,545 |  |

19,580 |  | 36,766 |  |

| ZICONIX LTD (REGISTERED NUMBER: 06127832) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 26,538 | Ordinary | o0.10 | 2,654 |  | 2,654 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 | 2024 |

£ | £ |

| Mr Matthew John Sims

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 3,333 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 3,333 |  | - |  |

11. | RELATED PARTY DISCLOSURES

| At 31 March 2025 the company was owed £33,964 (2024 : £33,765) by Smashtag Limited by virtue of inter company loan account. The loan is interest free and has no fixed repayment date. The two companies are connected by virtue of directors in common.