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REGISTERED NUMBER: 12362882 (England and Wales)

| AVATRIAL LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| AVATRIAL LIMITED (REGISTERED NUMBER: 12362882) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| AVATRIAL LIMITED |

COMPANY INFORMATION

for the Year Ended 31 December 2025

| DIRECTOR: | Prof K Saeb-Parsy

| REGISTERED OFFICE: | Future Business Centre Guildhall

| Market Square

| Cambridge

| Cambridgeshire

| REGISTERED NUMBER: | 12362882 (England and Wales)

| ACCOUNTANTS: | Miller & Co

| Chartered Accountants

| 5 Imperial Court

| Laporte Way

| Luton

| Bedfordshire

| LU4 8FE

| AVATRIAL LIMITED (REGISTERED NUMBER: 12362882) |

STATEMENT OF FINANCIAL POSITION

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | 899 |  | 999 |  |

Tangible assets | 6 | 11,321 |  | 11,673 |  |

12,220 |  | 12,672 |  |

CURRENT ASSETS

Debtors | 7 | 5,400 |  | 48,857 |  |

Cash at bank and in hand | 56,499 |  | 219,191 |  |

61,899 |  | 268,048 |  |

CREDITORS

Amounts falling due within one year | 8 | 315,766 |  | 804,669 |  |

NET CURRENT LIABILITIES | (253,867 | ) | (536,621 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (241,647 | ) | (523,949 | ) |

CREDITORS

Amounts falling due after more than one year | 9 | 20,351 |  | 26,803 |  |

NET LIABILITIES | (261,998 | ) | (550,752 | ) |

CAPITAL AND RESERVES

Called up, paid and allotted share capital | 10 | 115 |  | 100 |  |

Share premium | 735,204 |  | - |  |

Retained earnings | (997,317 | ) | (550,852 | ) |

SHAREHOLDERS' FUNDS | (261,998 | ) | (550,752 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| AVATRIAL LIMITED (REGISTERED NUMBER: 12362882) |

STATEMENT OF FINANCIAL POSITION - continued

31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 January 2026 and were signed by:

Prof K Saeb-Parsy - Director

| AVATRIAL LIMITED (REGISTERED NUMBER: 12362882) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Avatrial 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, rounded to the nearest pound.

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.

| The financial statements have been prepared on a going concern basis, which is considered appropriate by the director as the company operates within its agreed banking facilities and with the support of the director.

| Turnover

| Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Trademark are being amortised evenly over their estimated useful life of ten years.

| Tangible fixed assets

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

| Plant and machinery | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Grants

| Grants are recognised using the performance model and are recognised in other income when the grants proceeds are received or receivable.

| Taxation

| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

| AVATRIAL LIMITED (REGISTERED NUMBER: 12362882) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| 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 year was 3 (2024 - 5 ) .

5. | INTANGIBLE FIXED ASSETS

| Trademark

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 1,110 |  |

| AMORTISATION

| At 1 January 2025 | 111 |  |

| Amortisation for year | 100 |  |

| At 31 December 2025 | 211 |  |

| NET BOOK VALUE

| At 31 December 2025 | 899 |  |

| At 31 December 2024 | 999 |  |

6. | TANGIBLE FIXED ASSETS

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 13,739 |  | 5,813 |  | 19,552 |  |

| Additions | 4,380 |  | - |  | 4,380 |  |

| At 31 December 2025 | 18,119 |  | 5,813 |  | 23,932 |  |

| DEPRECIATION

| At 1 January 2025 | 5,010 |  | 2,869 |  | 7,879 |  |

| Charge for year | 3,279 |  | 1,453 |  | 4,732 |  |

| At 31 December 2025 | 8,289 |  | 4,322 |  | 12,611 |  |

| NET BOOK VALUE

| At 31 December 2025 | 9,830 |  | 1,491 |  | 11,321 |  |

| At 31 December 2024 | 8,729 |  | 2,944 |  | 11,673 |  |

| AVATRIAL LIMITED (REGISTERED NUMBER: 12362882) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

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

2025 | 2024 |

£ | £ |

| Other debtors | 5,400 |  | 48,857 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 5,956 |  | 5,956 |  |

| Trade creditors | 1,553 |  | 26,193 |  |

| Taxation and social security | 5,293 |  | 7,370 |  |

| Other creditors | 302,964 |  | 765,150 |  |

315,766 |  | 804,669 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 20,351 |  | 26,803 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 2,978 |  |

10. | CALLED UP, PAID AND ALLOTTED SHARE CAPITAL |

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 1,151,050 | Ordinary | 0.000 | 1 | 115 |  | 100 |  |

| 151,050 Ordinary shares of 0.0001 each were allotted as fully paid at a premium of £4.87 per share during the year.

11. | RELATED PARTY DISCLOSURES

| The director operates a loan account with the company. During the year, brought forward loans in aggregate of £7,985 were repaid to the company. At the year end, the director was owed £14.