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# Esoteric Technologies Limited

Unaudited financial statements for the year ended 31 January 2025

## Company information

Esoteric Technologies Limited is a private company limited by shares, registered in England and Wales, registered number 14606510.

The company's registered office is: C/O Aardvark Accounting, 1 Cedar Office Park, Wimborne, England, BH21 7SB, United Kingdom.

## Balance Sheet

#### as at 31 January 2025

|  | 2025 |  | 13 months to 31 Jan 24
--- | --- | --- | --- | ---
|  | £ |  | £
Current assets | 16.99 |  | 16,622.04 |
Creditors: amounts falling due within one year | (99,830.94) |  | (98,624.19) |
Net current assets / (liabilities) |  | (99,813.95) |  | (82,002.15)
Total assets less current liabilities |  | (99,813.95) |  | (82,002.15)
Accruals and deferred income |  | (340.20) |  | (660.00)
Net assets |  | (100,154.15) |  | (82,662.15)
Capital and reserves |  | (100,154.15) |  | (82,662.15)

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the board of directors and signed on behalf of the board,
Edmond Lau
23 October 2025

## Notes to the accounts

1. Average number of employees

   During the year the average number of employees was 0 (13 months to 31 Jan 24: 0).

2. Financial Commitments Note

   The company has issued a convertible loan note with a principal value of $100,000 U.S. Dollars, maturing on 17 February 2025. The note is classified as a financial liability and measured at cost in accordance with FRS 105. The note carries an interest rate of 5% per annum, payable on maturity. The holder’s outstanding principal and accrued interest will automatically convert into equity upon the next Qualified Financing, at a price per share equal to the lower of (i) 80 percent of the highest price per Qualified Share paid in that financing, or (ii) the price per share implied by a US $3,000,000 valuation cap. If no Qualified Financing occurs prior to maturity, the holder may elect to convert the note into shares at the valuation-cap-based price. No separate equity component has been recognised, as FRS 105 does not require bifurcation of compound financial instruments. The loan is unsecured and ranks pari passu with other creditors.