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REGISTERED NUMBER: 15479815 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

10 FEBRUARY 2024 TO 30 APRIL 2025

FOR

ADAPTIVE8 LTD

| ADAPTIVE8 LTD (REGISTERED NUMBER: 15479815) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 10 FEBRUARY 2024 TO 30 APRIL 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| ADAPTIVE8 LTD |

COMPANY INFORMATION

FOR THE PERIOD 10 FEBRUARY 2024 TO 30 APRIL 2025

| DIRECTORS: | P D Graydon

| S J Mountfield

| L Ward

| I Lloyd

| REGISTERED OFFICE: | Suite A

| 82 James Carter Road

| Mildenhall

| Suffolk

| IP28 7DE

| REGISTERED NUMBER: | 15479815 (England and Wales)

| ACCOUNTANTS: | Thompson Taraz Rand Ltd

| Chartered Accountants

| 10 Jesus Lane

| Cambridge

| Cambridgeshire

| CB5 8BA

| ADAPTIVE8 LTD (REGISTERED NUMBER: 15479815) |

BALANCE SHEET

30 APRIL 2025

| Notes | £ |

| FIXED ASSETS

| Tangible assets | 5 | 1,078 |  |

| CURRENT ASSETS

| Debtors | 6 | 749,889 |  |

| Cash and cash equivalents | 192,188 |  |

942,077 |  |

| CREDITORS

| Amounts falling due within one year | 7 | (473,838 | ) |

| NET CURRENT ASSETS | 468,239 |  |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 469,317 |  |

| PROVISIONS FOR LIABILITIES | 8 | (270 | ) |

| NET ASSETS | 469,047 |  |

| CAPITAL AND RESERVES

| Called up share capital | 9 | 1 |  |

| Retained earnings | 469,046 |  |

| SHAREHOLDERS' FUNDS | 469,047 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| ADAPTIVE8 LTD (REGISTERED NUMBER: 15479815) |

BALANCE SHEET - continued

30 APRIL 2025

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by:

P D Graydon - Director

| ADAPTIVE8 LTD (REGISTERED NUMBER: 15479815) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 10 FEBRUARY 2024 TO 30 APRIL 2025

1. | STATUTORY INFORMATION

| Adaptive8 Ltd 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Critical accounting judgements and key sources of estimation uncertainty

| Stage of completion on projects

| The only material source of estimation uncertainty for the Company relates to the recognition of revenue on ongoing consultancy projects. Where services are delivered over time, turnover is recognised by reference to the stage of completion at the reporting date. This requires management to estimate:

| the proportion of services performed to date;

| costs incurred relative to total expected costs; and

| the level of recoverable revenue based on contract terms.

| These estimates involve judgement and are reviewed regularly. Any variation between estimated and actual project outcomes may affect the amount of revenue recognised in the period. However, management considers that any reasonably possible changes in these estimates would not result in a material adjustment to the financial statements.

| Other areas

| Deferred tax, depreciation, and other accounting estimates are not considered material to these financial statements and therefore do not give rise to significant estimation uncertainty.

| Turnover

| Turnover represents the fair value of consideration receivable for services provided in the ordinary course of business, excluding VAT. Revenue from consultancy and related services is recognised when the services are delivered and the Company has fulfilled its performance obligations, typically on a time-incurred or milestone-completion basis, depending on the terms of the engagement.

| Where the outcome of a contract can be estimated reliably, turnover is recognised by reference to the stage of completion at the reporting date. Where the outcome cannot be reliably estimated, revenue is recognised only to the extent of recoverable costs incurred.

| Amounts invoiced in advance of performance are recorded as deferred income. Amounts relating to services performed but not yet invoiced are recognised as accrued income.

| ADAPTIVE8 LTD (REGISTERED NUMBER: 15479815) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 10 FEBRUARY 2024 TO 30 APRIL 2025

3. | 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.

| Computer equipment | - | 25% on cost

| Financial instruments

| Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 period 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.

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was NIL.

| ADAPTIVE8 LTD (REGISTERED NUMBER: 15479815) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 10 FEBRUARY 2024 TO 30 APRIL 2025

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| Additions | 1,115 |  |

| At 30 April 2025 | 1,115 |  |

| DEPRECIATION

| Charge for period | 37 |  |

| At 30 April 2025 | 37 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1,078 |  |

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

£ |

| Trade debtors | 390,669 |  |

| Other debtors | 359,220 |  |

749,889 |  |

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

£ |

| Trade creditors | 308,128 |  |

| Taxation and social security | 156,189 |  |

| Other creditors | 9,521 |  |

473,838 |  |

8. | PROVISIONS FOR LIABILITIES

£ |

| Deferred tax | 270 |  |

| Deferred |

| tax |

£ |

| Provided during period | 270 |  |

| Balance at 30 April 2025 | 270 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal

| value: | £ |

| 1 | Ordinary | £1 | 1 |  |

| ADAPTIVE8 LTD (REGISTERED NUMBER: 15479815) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 10 FEBRUARY 2024 TO 30 APRIL 2025

9. | CALLED UP SHARE CAPITAL - continued

| 1 Ordinary share of £1 was issued during the period for cash of £ 1 .

10. | DIRECTOR REMUNERATION

| Directors remuneration including pension payments made on behalf of directors amounted to £180,000 during the period.

11. | RELATED PARTY TRANSACTIONS

| During the period, the Company incurred consultancy fees of £1,299,944 in respect of services provided by directors and by companies under their control. These services were provided in the normal course of business and on an arm’s-length basis. As the fees relate solely to consultancy services rendered, they are included within cost of sales and have not been presented separately.