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Registered number: 13122727 (England and Wales) QUMULO INTERNATIONAL LIMITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
QUMULO INTERNATIONAL LIMITED
COMPANY INFORMATION
Directors | Matthew B Frey
| Danielle S Meyer
Registered number | 13122727
Registered office | Birchin Court
| 5th Floor
| 19-25 Birchin Lane
| London
| United Kingdom
| EC3V 9DU
Independent auditors | ZEDRA Corporate Reporting Services (UK) Limited
QUMULO INTERNATIONAL LIMITED
CONTENTS
| Page
Balance Sheet | 1 - 2
Statement of Changes in Equity | 3
Notes to the Financial Statements | 4 - 9
QUMULO INTERNATIONAL LIMITED REGISTERED NUMBER:13122727
BALANCE SHEET AS AT 31 JANUARY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | - |  | 40
|  |  | - |  | 40
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 127,089 |  | 108,398 |
Bank and cash balances |  | 151,338 |  | 76,556 |
|  | 278,427 |  | 184,954 |
Creditors: amounts falling due within one year | 6 | (202,472) |  | (127,912) |
Net current assets |  |  | 75,955 |  | 57,042
Total assets less current liabilities |  |  | 75,955 |  | 57,082
Net assets |  |  | 75,955 |  | 57,082
Page 1
QUMULO INTERNATIONAL LIMITED REGISTERED NUMBER:13122727
BALANCE SHEET (CONTINUED) AS AT 31 JANUARY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 1 |  | 1
Capital contribution reserve | 8 |  | 128,419 |  | 105,856
Profit and loss account |  |  | (52,465) |  | (48,775)
|  |  | 75,955 |  | 57,082
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by by:
Danielle S Meyer
Director
Date: 10 November 2025
The notes on pages 4 to 9 form part of these financial statements. Page 2
QUMULO INTERNATIONAL LIMITED
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 JANUARY 2025
| Called up share capital | Capital contribution reserve | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 February 2023 | 1 | 52,109 | (23,904) | 28,206
Loss for the year | - | - | (24,871) | (24,871)
Share based payment expense | - | 53,747 | - | 53,747
At 1 February 2024 | 1 | 105,856 | (48,775) | 57,082
Loss for the year | - | - | (3,690) | (3,690)
Share based payment expense | - | 22,563 | - | 22,563
At 31 January 2025 | 1 | 128,419 | (52,465) | 75,955
Page 3
QUMULO INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 1.Accounting policies
| 1.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 1.2 | Going concern
The Company is in a net asset position primarily supported by the intercompany loan balance owed by the parent company, Qumulo, Inc., due to the Company's business model being based on a transfer pricing agreement with this entity. Qumulo International Limited has received written confirmation from Qumulo, Inc., that it will continue to provide support to the Company for a period of at least 12 months from the date of signing these financial statements. In assessing the Company's ability to continue as a going concern, the directors have considered the availability of financing through a review of the parent company's financial position and forecasts. On the basis that financial support continues, the directors are confident that the Company will continue to be able to meet obligations as liabilities fall due. For these reasons, the directors continue to adopt the going concern basis in preparing these financial statements.
| 1.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income. Page 4
QUMULO INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 1.Accounting policies (continued)
| 1.4 | Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rendering of services Turnover is recognised on a cost plus 5% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised when all of the following conditions are satisfied: ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the intercompany service agreement; and ∙the costs incurred under the intercompany service agreement can be measured reliably.
| 1.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 1.6 | 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. Page 5
QUMULO INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 1.Accounting policies (continued)
| 1.7 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 1.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Computer equipment | - | 3 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 1.9 | Debtors
Short-term debtors are measured at transaction price. Amounts owed by group undertakings are intercompany loans measured at cost. No interest is charged on the loan, which is repayable on demand.
| 1.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 1.11 | Creditors
Short-term creditors are measured at the transaction price. Page 6
QUMULO INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
2. | Auditors' information
The auditors' report on the financial statements for the year ended 31 January 2025 was unqualified. The audit report was signed on 12 November 2025 by Edward Wallis ACA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.
3. | Employees
| The average monthly number of employees during the year was 5 (2024 - 6).
4. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost or valuation |
| At 1 February 2024 | 3,108
| Disposals | (1,974)
| At 31 January 2025 | 1,134
| Depreciation |
| At 1 February 2024 | 3,068
| Charge for the year on owned assets | 40
| Disposals | (1,974)
| At 31 January 2025 | 1,134
| Net book value |
| At 31 January 2025 | -
| At 31 January 2024 | 40
Page 7
QUMULO INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 122,244 | 107,577
| Other debtors | 824 | 821
| Prepayments and accrued income | 4,021 | -
|  | 127,089 | 108,398
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 3,732 | -
| Corporation tax | 12,331 | 6,577
| Other taxation and social security | 50,072 | 10,695
| Other creditors | 50 | 902
| Accruals and deferred income | 136,287 | 109,738
|  | 202,472 | 127,912
7. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2024 - 1) Ordinary share of £1.00 | 1 | 1
8. | Reserves
Capital contribution reserve Certain employees of the Company along with other group employees have been granted options over the shares in Qumulo, Inc., the Company's parent. The options are granted at an independently determined fair value and vest over four years. The options expire 10 years after the date of grant and the employees are required to be an employee of the Company at the date they exercise any options. An expense equivalent to the fair value of the share options granted is recognised evenly over the vesting period with a corresponding amount being recognised in the capital contribution reserve. Page 8
QUMULO INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
9. | Controlling party
Qumulo, Inc. is the parent company of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 1209 Orange Street, Wilmington, DE, USA, 19801.
10. | Post balance sheet events
There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved.
Page 9