Balance sheet continued

As at 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 November 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  "Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value-added taxes. Turnover includes revenue from the sale of digital eSIM data packages and roaming services, recognized at the point of customer activation."

  Tangible fixed assets depreciation policy

  "Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life: Mobile Testing Hardware and electronic equipment are depreciated at 20% per annum on a straight-line basis."

  Intangible fixed assets amortisation policy

  "Intangible assets represent internally developed software and platform infrastructure. Amortisation is charged using the straight-line method over 6 years to allocate the cost of the assets over their estimated useful lives."

  Valuation information and policy

  "Stocks and work in progress are valued at the lower of cost and net realisable value. This includes prepaid eSIM data inventory and carrier deposits held for future customer consumption."

  Other accounting policies

  "Current asset investments (Digital Assets): Digital assets held for treasury management and operational liquidity are initially recognized at cost and subsequently measured at fair market value at the balance sheet date. Gains or losses arising from changes in fair value are recognized in the Profit and Loss account."