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REGISTERED NUMBER: 06090761 (England and Wales)

| AUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST MARCH 2025 |

| FOR |

| FUELSOFT LIMITED |

| FUELSOFT LIMITED (REGISTERED NUMBER: 06090761) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| FUELSOFT LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2025

| DIRECTORS: | D C Kingsman

| D Priddey

| D Skyte

| SECRETARY: | Mrs D Barratt

| REGISTERED OFFICE: | Unit B Pinewood

| Bell Heath Way

| Woodgate Business Park

| Birmingham

| West Midlands

| B32 3BZ

| REGISTERED NUMBER: | 06090761 (England and Wales)

| AUDITORS: | French Ludlam & Co Limited

| Statutory Auditors and Accountants

| Mountfield House

| 661 High Street

| Kingswinford

| West Midlands

| DY6 8AL

| FUELSOFT LIMITED (REGISTERED NUMBER: 06090761) |

STATEMENT OF FINANCIAL POSITION

31ST MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 669 |  | 2,036 |  |

Tangible assets | 5 | 437,095 |  | 446,196 |  |

Investments | 6 | 462 |  | 462 |  |

438,226 |  | 448,694 |  |

CURRENT ASSETS

Stocks | 6,280 |  | 11,844 |  |

Debtors | 7 | 2,454,785 |  | 1,568,121 |  |

Cash at bank and in hand | 343,331 |  | 534,554 |  |

2,804,396 |  | 2,114,519 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,121,451 |  | 1,221,513 |  |

NET CURRENT ASSETS | 1,682,945 |  | 893,006 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,121,171 |  | 1,341,700 |  |

PROVISIONS FOR LIABILITIES | 17,940 |  | 19,284 |  |

NET ASSETS | 2,103,231 |  | 1,322,416 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 115 |  | 100 |  |

Share premium | 153,548 |  | - |  |

Retained earnings | 1,949,568 |  | 1,322,316 |  |

SHAREHOLDERS' FUNDS | 2,103,231 |  | 1,322,416 |  |

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 23rd October 2025 and were signed on its behalf by:

D Skyte - Director

| FUELSOFT LIMITED (REGISTERED NUMBER: 06090761) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

1. | STATUTORY INFORMATION

| Fuelsoft 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 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been fully amortised over its estimated useful life.

| Licences and software

| Licences acquired in 2007 are being amortised over their estimated useful life of 10 years. Intellectual property rights for Fuelsoft software acquired in 2011 have been fully amortised over 10 years.

| Tangible fixed assets

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

| Improvements to property | - | 10% on cost

| Fixtures and fittings | - | 20% on reducing balance

| Computer equipment | - | 33% on cost

| Stocks

| The stock consists of SMS text messages held for resale. The messages are valued at cost.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| FUELSOFT LIMITED (REGISTERED NUMBER: 06090761) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Research and development

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

| 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.

| Leasing commitments

| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 30 (2024 - 30 ) .

4. | INTANGIBLE FIXED ASSETS

| Licences |

| and |

| Goodwill |  | software |  | Totals

£ | £ | £ |

| COST

| At 1st April 2024

| and 31st March 2025 | 1 |  | 363,867 |  | 363,868 |  |

| AMORTISATION

| At 1st April 2024 | - |  | 361,832 |  | 361,832 |  |

| Amortisation for year | - |  | 1,367 |  | 1,367 |  |

| At 31st March 2025 | - |  | 363,199 |  | 363,199 |  |

| NET BOOK VALUE

| At 31st March 2025 | 1 |  | 668 |  | 669 |  |

| At 31st March 2024 | 1 |  | 2,035 |  | 2,036 |  |

| The intangible fixed assets relate to the acquisition of licences and software.

| FUELSOFT LIMITED (REGISTERED NUMBER: 06090761) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

5. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| Long |  | to |  | and |  | Computer |

| leasehold |  | property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1st April 2024 | 371,925 |  | 54,310 |  | 28,755 |  | 215,820 |  | 670,810 |  |

| Additions | - |  | - |  | - |  | 25,679 |  | 25,679 |  |

| At 31st March 2025 | 371,925 |  | 54,310 |  | 28,755 |  | 241,499 |  | 696,489 |  |

| DEPRECIATION

| At 1st April 2024 | 14,877 |  | 12,555 |  | 19,057 |  | 178,125 |  | 224,614 |  |

| Charge for year | 2,975 |  | 2,716 |  | 2,307 |  | 26,782 |  | 34,780 |  |

| At 31st March 2025 | 17,852 |  | 15,271 |  | 21,364 |  | 204,907 |  | 259,394 |  |

| NET BOOK VALUE

| At 31st March 2025 | 354,073 |  | 39,039 |  | 7,391 |  | 36,592 |  | 437,095 |  |

| At 31st March 2024 | 357,048 |  | 41,755 |  | 9,698 |  | 37,695 |  | 446,196 |  |

6. | FIXED ASSET INVESTMENTS

| Investments (neither listed nor unlisted) were as follows:

2025 | 2024 |

£ | £ |

| Shares in property management

| company | 462 |  | 462 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,010,181 |  | 1,149,188 |  |

| Amounts owed by group undertakings | 1,296,779 |  | - |  |

| Other debtors | 147,825 |  | 418,933 |  |

2,454,785 |  | 1,568,121 |  |

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

2025 | 2024 |

£ | £ |

| Deferred income | 636,156 |  | 678,441 |  |

| Trade creditors | 137,362 |  | 133,807 |  |

| Taxation and social security | 245,688 |  | 376,886 |  |

| Other creditors | 102,245 |  | 32,379 |  |

1,121,451 |  | 1,221,513 |  |

| FUELSOFT LIMITED (REGISTERED NUMBER: 06090761) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

9. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 30,410 |  | 23,087 |  |

| Between one and five years | 22,050 |  | 18,716 |  |

52,460 |  | 41,803 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 11,500 | Ordinary | £.01 | 115 |  | 100 |  |

| (2024 - 10,000 )

| On 5th July 2024 five employees (including three directors, G Highfield, R Taylor and D Priddey) exercised options to acquire a total of 1,500 shares at exercise prices of £110.69 or £60.80 per share, under two Enterprise Management Incentive Schemes. The shares were immediately sold at a price of £611.80.This created an uplift on the EMI options of £764,131, on which tax relief has been claimed.

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

| The Report of the Auditors was unqualified.

| Stephen B Ludlam (Senior Statutory Auditor)

| for and on behalf of French Ludlam & Co Limited

12. | CONTINGENT LIABILITIES

| A fixed and floating charge over all the property and undertakings of the company is in place in respect of security for loans taken out by the company's holding company Foxglove Bidco Limited.

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025 | 2024 |

£ | £ |

| D C Kingsman

| Balance outstanding at start of year | (171,062 | ) | - |  |

| Amounts advanced | - |  | (171,062 | ) |

| Amounts repaid | 168,705 |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (2,357 | ) | (171,062 | ) |

| FUELSOFT LIMITED (REGISTERED NUMBER: 06090761) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| J K Allen

| Balance outstanding at start of year | (70,232 | ) | - |  |

| Amounts advanced | - |  | (70,232 | ) |

| Amounts repaid | 69,965 |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (267 | ) | (70,232 | ) |

| R Taylor

| Balance outstanding at start of year | (96,166 | ) | - |  |

| Amounts advanced | - |  | (96,166 | ) |

| Amounts repaid | 95,000 |  | - |  |

| Amounts written off | 1,166 |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | (96,166 | ) |

| Beneficial loan interest has been charged on the overdrawn director's loan accounts at a rate of 2.25% in line with HMRC's requirements. The loans were repayable on demand and were repaid in full within 9 months of the year end.

14. | RELATED PARTY DISCLOSURES

| During the year the company was charged a monitoring fee of £12,500 by its ultimate holding company Rose Street Partners Limited.

| The company was charged interest of £254,000 in respect of a group loan by its holding company Foxglove Bidco Limited.

| The company also made payments to partially fund its purchase by the group. At 31st March 2025 £1,296,779 was due from Foxglove Bidco Limited. The loan is interest free and repayable on demand.

15. | ULTIMATE CONTROLLING PARTY

| On 5th July 2024 the company became a 100% subsidiary of Foxglove Bidco Limited. The ultimate holding company is Rose Street Partners Limited. The registered office for both companies is 27 Old Gloucester Street, London WC1N 3AX. Financial statements for both companies will be available at Companies House, Crown Way, Cardiff CF14 3UZ.