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REGISTERED NUMBER: 07892813 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 JUNE 2025

Page |

Company Information | 1 |

Report of the Director | 2 |

Report of the Independent Auditors | 4 |

Income Statement | 7 |

Other Comprehensive Income | 8 |

Balance Sheet | 9 |

Statement of Changes in Equity | 10 |

Notes to the Financial Statements | 11 |

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED

COMPANY INFORMATION

for the Year Ended 30 JUNE 2025

| DIRECTOR: | G Petty

| REGISTERED OFFICE: | Russell House

| Oxford Road

| Dorset

| BH8 8EX

| REGISTERED NUMBER: | 07892813 (England and Wales)

| AUDITORS: | Burnside

| Chartered Accountants

| and Statutory Auditor

| 61 Queen Square

| Bristol

| BS1 4JZ

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

REPORT OF THE DIRECTOR

for the Year Ended 30 JUNE 2025

The director presents his report with the financial statements of the company for the year ended 30 June 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of engineering services to its parent company.

DIRECTOR

G Petty held office during the whole of the period from 1 July 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 101 'Reduced Disclosure Framework'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company 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 director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he 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 company's auditors are aware of that information.

AUDITORS

The auditors, Burnside, will be proposed for re-appointment at the forthcoming Annual General Meeting.

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

REPORT OF THE DIRECTOR

for the Year Ended 30 JUNE 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

G Petty - Director

7 October 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED

Opinion

We have audited the financial statements of Blackmagic Design (Technology) Limited (the 'company') for the year ended 30 June 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 101 'Reduced Disclosure Framework' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its 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 company 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 director's 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 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Report of the Auditors 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED

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 Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Report of the Director has 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Director.

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, or returns adequate for our audit have not been received from branches not visited by us; or

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

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

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

- | the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is 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 director determines 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 director is responsible for assessing the 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

BLACKMAGIC DESIGN (TECHNOLOGY) 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 a Report of the Auditors 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:

An understanding of the legal and regulatory framework applicable to the entity was obtained from management and those charged with governance of the entity, and the audit engagement team was confirmed to have the appropriate competence and capabilities to identify non-compliance with such a framework.

No significant instances of fraud, non-compliance with laws and regulations or other irregularities were communicated to the engagement team by management or those charged with governance, and no particular audit areas or legislation were identified that gave rise to any significant risks of material misstatement in respect of such irregularities.

Due to the size and nature of the entity its susceptibility to material misstatement resulting from fraud, non-compliance with laws and regulations, or other irregularities is considered to be low, and the audit approach was appropriately planned so as to address this risk.

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 Report of the Auditors.

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 a Report of the Auditors 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.

Stephen Burnside (Senior Statutory Auditor)

for and on behalf of Burnside

Chartered Accountants

and Statutory Auditor

61 Queen Square

Bristol

BS1 4JZ

7 October 2025

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

INCOME STATEMENT

for the Year Ended 30 JUNE 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 2,148,150 |  | 2,569,000 |  |

Cost of sales | 1,553,634 |  | 1,894,889 |  |

GROSS PROFIT | 594,516 |  | 674,111 |  |

Administrative expenses | 435,222 |  | 490,798 |  |

159,294 |  | 183,313 |  |

Other operating income | 270,105 |  | 309,536 |  |

OPERATING PROFIT | 429,399 |  | 492,849 |  |

Interest receivable and similar income | 3,718 |  | - |  |

433,117 |  | 492,849 |  |

Interest payable and similar expenses | 5 | 1,884 |  | 4,239 |  |

PROFIT BEFORE TAXATION | 6 | 431,233 |  | 488,610 |  |

Tax on profit | 7 | 114,229 |  | 120,054 |  |

PROFIT FOR THE FINANCIAL YEAR | 317,004 |  | 368,556 |  |

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

OTHER COMPREHENSIVE INCOME

for the Year Ended 30 JUNE 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 317,004 |  | 368,556 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 317,004 |  | 368,556 |  |

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

BALANCE SHEET

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 60,494 |  | 159,084 |  |

CURRENT ASSETS

Debtors | 10 | 2,078,364 |  | 1,301,011 |  |

Cash at bank | 321,601 |  | 723,148 |  |

2,399,965 |  | 2,024,159 |  |

CREDITORS

Amounts falling due within one year | 11 | 255,837 |  | 276,949 |  |

NET CURRENT ASSETS | 2,144,128 |  | 1,747,210 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,204,622 |  | 1,906,294 |  |

CREDITORS

Amounts falling due after more than one year | 12 | (20,000 | ) | (39,581 | ) |

PROVISIONS FOR LIABILITIES | 15 | (6,534 | ) | (5,629 | ) |

NET ASSETS | 2,178,088 |  | 1,861,084 |  |

CAPITAL AND RESERVES

Called up share capital | 16 | 2 |  | 2 |  |

Retained earnings | 17 | 2,178,086 |  | 1,861,082 |  |

SHAREHOLDERS' FUNDS | 2,178,088 |  | 1,861,084 |  |

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

The financial statements were approved by the director and authorised for issue on 7 October 2025 and were signed by:

G Petty - Director

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

STATEMENT OF CHANGES IN EQUITY

for the Year Ended 30 JUNE 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 July 2023 | 2 |  | 1,492,526 |  | 1,492,528 |  |

Changes in equity

Total comprehensive income | - |  | 368,556 |  | 368,556 |  |

Balance at 30 June 2024 | 2 |  | 1,861,082 |  | 1,861,084 |  |

Changes in equity

Total comprehensive income | - |  | 317,004 |  | 317,004 |  |

Balance at 30 June 2025 | 2 |  | 2,178,086 |  | 2,178,088 |  |

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 JUNE 2025

1. | STATUTORY INFORMATION

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

2. | ACCOUNTING POLICIES

| Basis of preparation

| These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going concern

| The director has considered the operations of the company and its financial position, and considers that it is reasonable for them to believe that the company will be operating 12 months from the date of the approval of the accounts. The accounts have therefore been prepared on the going concern basis.

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

| • | the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases;

| the requirements of paragraph 58 of IFRS 16;

| • | the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers;

| • | the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative information in respect of:

| - | paragraphs 53(a), (h) and (j) of IFRS 16;

| - | paragraph 79(a)(iv) of IAS 1; and

| - | paragraph 73(e) of IAS 16 Property, Plant and Equipment;

| • | the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to 136 of IAS 1;

| • | the requirements of

| - | paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

| - | paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

| • | the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors;

| • | the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;

| • | the requirements of paragraph 74(b) of IAS 16;

| • | the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;

| • | the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group;

| Turnover

| Turnover represents engineering services to provide research and development to the company's parent company. The income is recognised as the services are provided.

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

| Fixtures and fittings | - | 33% on cost

| Computer equipment | - | 33% on cost

| Taxation

| Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the balance sheet date.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Employee benefit costs

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

| Leases

| Leases are recognised as finance leases. The lease liability is initially recognised at the present value of the lease payments which have not yet been made and subsequently measured under the amortised cost method. The initial cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, lease payments made prior to the lease commencement date, initial direct costs and the estimated costs of removing or dismantling the underlying asset per the conditions of the contract.

| Where ownership of the right-of-use asset transfers to the lessee at the end of the lease term, the right-of-use asset is depreciated over the asset’s remaining useful life. If ownership of the right-of-use asset does not transfer to the lessee at the end of the lease term, depreciation is charged over the shorter of the useful life of the right-of-use asset and the lease term.

3. | TURNOVER

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

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 1,274,504 |  | 1,575,159 |  |

| Social security costs | 134,954 |  | 157,833 |  |

| Other pension costs | 74,347 |  | 91,449 |  |

1,483,805 |  | 1,824,441 |  |

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

4. | EMPLOYEES AND DIRECTORS - continued

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

| 2025 |  | 2024

| Software engineers | 21 |  | 27 |  |

| 2025 |  | 2024

£ | £ |

| Director's remuneration | - |  | - |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Lease interest | 1,884 |  | 4,239 |  |

6. | PROFIT BEFORE TAXATION

| The profit before taxation is stated after charging:

| 2025 |  | 2024

£ | £ |

| Cost of inventories recognised as expense | 1,553,634 |  | 1,894,889 |  |

| Depreciation - owned assets | 121,518 |  | 162,083 |  |

| Auditors' remuneration | 7,150 |  | 6,700 |  |

| Aggregate costs to undertake research and development, including staff costs | 1,350,526 |  | 1,547,682 |  |

7. | TAXATION

| Analysis of tax expense

| 2025 |  | 2024

£ | £ |

| Current tax:

| Tax | 106,905 |  | 131,891 |  |

| Tax for previous years | 6,419 |  | (10,225 | ) |

| Total current tax | 113,324 |  | 121,666 |  |

| Deferred tax | 905 |  | (1,612 | ) |

| Total tax expense in income statement | 114,229 |  | 120,054 |  |

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

7. | TAXATION - continued

| Factors affecting the tax expense

| The tax assessed for the year is higher (2024 - lower) than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before income tax | 431,233 |  | 488,610 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 107,808 |  | 122,153 |  |

| Effects of:

| Expenses not deductible | (903 | ) | 9,738 |  |

| Development tax credit |

| Tax adjustments for previous years | 6,419 |  | (10,225 | ) |

| Movement on deferred tax recognised | 905 |  | (1,612 | ) |

| Tax expense | 114,229 |  | 120,054 |  |

8. | PRIOR YEAR ADJUSTMENT

| In the year ended 30 June 2025, the Company has presented income in relation to R&D tax credits within Other operating income. In previously submitted accounts for the year ended 30 June 2024, this income was included within Tax on profit.

| The comparative figures for the year ended 30 June 2024 have been restated accordingly.

| There has been no impact on the profit for the year or on the net assets of the Company as a result of this reclassification.

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

9. | TANGIBLE FIXED ASSETS

| Fixtures |

| Long |  | and |  | Computer |

| leasehold |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 July 2024 | 603,166 |  | 35,593 |  | 214,364 |  | 853,123 |  |

| Additions | - |  | - |  | 22,928 |  | 22,928 |  |

| Disposals | - |  | - |  | (6,616 | ) | (6,616 | ) |

| At 30 June 2025 | 603,166 |  | 35,593 |  | 230,676 |  | 869,435 |  |

| DEPRECIATION

| At 1 July 2024 | 466,605 |  | 34,823 |  | 192,611 |  | 694,039 |  |

| Charge for year | 102,204 |  | 566 |  | 18,748 |  | 121,518 |  |

| Eliminated on disposal | - |  | - |  | (6,616 | ) | (6,616 | ) |

| At 30 June 2025 | 568,809 |  | 35,389 |  | 204,743 |  | 808,941 |  |

| NET BOOK VALUE

| At 30 June 2025 | 34,357 |  | 204 |  | 25,933 |  | 60,494 |  |

| At 30 June 2024 | 136,561 |  | 770 |  | 21,753 |  | 159,084 |  |

| Included within tangible fixed assets are right-of-use assets recognised under IFRS 16. Further details, including the breakdown of right-of-use assets, lease liabilities and related disclosures, are provided in Note 13 (Leases).

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,582,991 |  | 857,364 |  |

| Other debtors | 71,680 |  | 71,680 |  |

| Prepayments | 64,531 |  | 26,323 |  |

| Tax | 340,846 |  | 327,370 |  |

| VAT | 18,316 |  | 18,274 |  |

2,078,364 |  | 1,301,011 |  |

| Included within Debtors: amounts falling due within one year is a balance of £1,582,991 (2024: £857,364) owed by the parent company, Blackmagic Design Pty Ltd. The balance is interest free, unsecured and repayable on demand.

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

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

2025 | 2024 |

£ | £ |

| Leases (see note 13) | 19,581 |  | 113,516 |  |

| Trade creditors | 53,315 |  | 50,756 |  |

| Social security and other taxes | 36,371 |  | - |  |

| Accrued expenses | 146,570 |  | 112,677 |  |

255,837 |  | 276,949 |  |

12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Leases (see note 13) | - |  | 19,581 |  |

| Other creditors | 20,000 |  | 20,000 |  |

20,000 |  | 39,581 |  |

13. | FINANCIAL LIABILITIES - BORROWINGS |

2025 | 2024 |

£ | £ |

| Current:

| Leases (see note 14) | 19,581 |  | 113,516 |  |

| Non-current:

| Leases (see note 14) | - |  | 19,581 |  |

| Terms and debt repayment schedule

| 1 year or

| less

£ |

| Leases | 19,581 |  |

14. | LEASING

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

14. | LEASING - continued

| Lease liabilities

| Minimum lease payments fall due as follows:

2025 | 2024 |

£ | £ |

| Gross obligations repayable:

| Within one year | 19,831 |  | 117,755 |  |

| Between one and five years | - |  | 21,564 |  |

19,831 |  | 139,319 |  |

| Finance charges repayable:

| Within one year | 250 |  | 4,239 |  |

| Between one and five years | - |  | 1,983 |  |

250 |  | 6,222 |  |

| Net obligations repayable:

| Within one year | 19,581 |  | 113,516 |  |

| Between one and five years | - |  | 19,581 |  |

19,581 |  | 133,097 |  |

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

14. | LEASING - continued

| Lease liabilies are effectively secured as the rights to the leased asset revert to the lessor in the event of default.

| £ |  |

| COST |  |

| At 1 July 2024 |  |  | 133,097 |  |

| Additions |  |  | - |  |

| Disposals |  |  | - |  |

| Interest charged |  |  | 1,884 |  |

| Lease payments |  |  | (115,400 | ) |

| At 30 June 2025 |  |  | 19,581 |  |

| The present value of lease liabilities by repayment date is as follows.

| £ |  |

| Lease liabiliites are repayable: |  |

| In not more than 3 months |  |  | 19,581 |  |

| In not more than 3 months but less than 1 year |  |  | - |  |

| In not more than 1 year but less than 5 years |  |  | - |  |

| In more than 5 years |  |  | - |  |

|  | 19,581 |  |

| The discount rate for the lease disclosed above was 2.08%. The company has a lease contract that includes termination options, through a break clause. These options are negotiated by management to provide flexibility in managing the leased asset portfolio and adapt to the company's business needs. Management exercises judgement in determining whether these termination options are reasonably certain to be exercised.

15. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 5,629 |  | 5,629 |  |

| Deferred tax | 905 |  | - |  |

6,534 |  | 5,629 |  |

BLACKMAGIC DESIGN (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 07892813)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 JUNE 2025

15. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 5,629 |  |

| Charge to Income Statement during year | 905 |  |

| Balance at 30 June 2025 | 6,534 |  |

16. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

17. | RESERVES

| Retained

| earnings

£ |

| At 1 July 2024 | 1,861,082 |  |

| Profit for the year | 317,004 |  |

| At 30 June 2025 | 2,178,086 |  |

18. | RELATED PARTY DISCLOSURES

| The company sold engineering services to Blackmagic Design PTY Limited, its parent company, for the sum of £2,148,150 (2024 - £2,569,000) during the year. At the year end the company was owed £1,582,991 (2024 - £857,364) by its parent company in respect of these services.

19. | ULTIMATE CONTROLLING PARTY

| The company is controlled by its parent company and ultimate parent company, Blackmagic Design PTY Limited, a company incorporated in Australia. the parent company's registered office is:

| 180 Bank St,

| South Melbourne,

| VIC 3205 Australia

| The company's accounts are consolidated in the accounts of Blackmagic Design PTY Limited.