REGISTERED NUMBER: 13650687 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FIREBLOCKS UK INT'L LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Mr M Shaulov

Mr M Levine

Registered office:

1 Lackington St,

London

EC2A 1AL

Registered number:

13650687 (England and Wales)

Auditors:

Hayvenhursts Limited

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

FIXED ASSETS

Tangible assets

4

15,718

40,001

Investments

5

979

-

16,697

40,001

CURRENT ASSETS

Debtors

6

4,900,391

3,744,730

Cash at bank

2,642,605

971,911

7,542,996

4,716,641

CREDITORS

Amounts falling due within one year

7

(4,741,182

)

(2,398,385

)

NET CURRENT ASSETS

2,801,814

2,318,256

TOTAL ASSETS LESS CURRENT LIABILITIES

2,818,511

2,358,257

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

1,531,929

1,531,929

Retained earnings

1,286,482

826,228

SHAREHOLDERS' FUNDS

2,818,511

2,358,257

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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr M Levine - Director

1.	STATUTORY INFORMATION

Fireblocks UK Int'l 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.

The company's functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Fireblocks UK Int'l Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents amounts charged to the company's parent under an agreement for sales and support services, excluding value added tax. Turnover is recognised when chargeable costs are incurred.

Tangible fixed assets

Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

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

Computer Equipment - Straight line over 3 years.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Repairs, maintenance and minor inspection costs are expensed as incurred.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

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.

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.

Share based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).

Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

Shares for which an option is granted are issued by the ultimate parent company and no consideration is given by the company in respect of those options.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

At 1 January 2024

and 31 December 2024

72,849

Depreciation

At 1 January 2024

32,848

Charge for year

24,283

At 31 December 2024

57,131

Net book value

At 31 December 2024

15,718

At 31 December 2023

40,001

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

Additions

979

At 31 December 2024

979

Net book value

At 31 December 2024

979

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Other debtors

4,900,391

3,744,730

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

211,291

10,054

Amounts owed to group undertakings

3,150,709

1,387,197

Taxation and social security

280,906

262,289

Other creditors

1,098,276

738,845

4,741,182

2,398,385

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/24

31/12/23

£

£

Within one year

708,000

699,000

Between one and five years

177,000

177,000

885,000

876,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Gareth Williams (Senior Statutory Auditor)

for and on behalf of Hayvenhursts Limited

10.	ULTIMATE CONTROLLING PARTY

Fireblocks Ltd. (incorporated in Israel) is the company's immediate parent and regarded by the directors as being the company's ultimate controlling party.

The largest and smallest group in which results of the company are consolidated is that headed by the Fireblocks Ltd, registered office for Fireblocks Ltd. is Yitzhak Sadeh St. 8, Tel Aviv, Israel, 6777508.