REGISTERED NUMBER: 11860990 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CLOUDBOLT SOFTWARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T J Krane

R B Squires

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

11860990 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

3,918

849

CURRENT ASSETS

Debtors

5

248,361

156,145

Cash at bank

6,005

12,264

254,366

168,409

CREDITORS

Amounts falling due within one year

6

99,114

42,896

NET CURRENT ASSETS

155,252

125,513

TOTAL ASSETS LESS CURRENT LIABILITIES

159,170

126,362

CAPITAL AND RESERVES

Called up share capital

8

1

1

Other reserves

9

7,250

7,250

Retained earnings

9

151,919

119,111

SHAREHOLDERS' FUNDS

159,170

126,362

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 19 December 2025 and were signed on its behalf by:

R B Squires - Director

1.	STATUTORY INFORMATION

Cloudbolt Software 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 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.

The company has obtained a letter of support from the immediate parent company, CloudBolt Software, Inc. The directors of the parent company have provided a commitment to provide any financial support which may be necessary in order for the company to meet its liabilities, as they fall due, for a period of at least 12 months and 1 day from the signing of the audit report. As a result of this commitment the directors have continued to adopt the going concern basis in preparing these financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents amounts charged to the company's parent company under an advertising and marketing agreement, excluding value added tax. Turnover is recognised when chargeable costs are incurred.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

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

Plant and machinery

-

Straight line over 3 years

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

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 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Share based payments

Employees of the Company receive remuneration in the form of share-based payments, whereby employees render services as consideration for equity instruments in the ultimate parent undertaking, CBSL Holdings, Inc (equity-settled transactions). The cost of equity-settled transactions is determined by the fair value at the date when the grant is made using an appropriate valuation model.

The share based payment expense is recognised on the basis of a reasonable allocation of the group expense. That cost is recognised in employee benefits expense, together with a corresponding increase in equity (other capital reserves), over a period in which the service and, where applicable, the performance conditions are fulfilled (the vesting period). The cumulative expense recognised for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired.The expense or credit in the statement of profit or loss and other comprehensive income for a period represents the movement in cumulative expense recognised as at the beginning and end of that period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

1,699

Additions

4,951

At 31 December 2024

6,650

DEPRECIATION

At 1 January 2024

850

Charge for year

1,882

At 31 December 2024

2,732

NET BOOK VALUE

At 31 December 2024

3,918

At 31 December 2023

849

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

220,216

134,989

Other debtors

28,145

21,156

248,361

156,145

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

-

16,763

Taxation and social security

39,323

7,870

Other creditors & accruals

59,791

18,263

99,114

42,896

7.	LEASING AGREEMENTS

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

31.12.24

31.12.23

£

£

Within one year

234

234

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 January 2024

119,111

7,250

126,361

Profit for the year

32,808

32,808

At 31 December 2024

151,919

7,250

159,169

Other reserves represents expenses recognised in respect of share options issued to employees. These are non-distributable reserves.

There was no movement in Other reserves in 2024 as the share option allocation to the UK was so small it was not expensed.

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

11.	ULTIMATE PARENT COMPANY

The immediate parent is CloudBolt Software Inc. a company incorporated in the United States of America.

The smallest and largest group to consolidate the results and financial position of the company is CBSL Holdings, Inc. This is the parent company of Cloudbolt Software Holdings Inc., which itself is the parent of CloudBolt Software Inc..

Copies of the financial statements of CBSL Holdings, Inc. are not publicly available.

The ultimate parent company is Insight Venture Management, LLC, a company incorporated in the United States of America.

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.