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| Financial Statements |

| for the Year Ended 30 June 2025 |

| for |

| Rhetorik Limited |

| Rhetorik Limited (Registered number: 02958622) |

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Rhetorik Limited |

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | C A Kibarian

| R M Gibney

| REGISTERED OFFICE: | Wey Court West

| Union Road

| Farnham

| Surrey

| GU9 7PT

| REGISTERED NUMBER: | 02958622 (England and Wales)

| AUDITORS: | Williams & Co Epsom LLP

| Statutory Auditors

| 8-10 South Street

| Epsom

| Surrey

| KT18 7PF

| Rhetorik Limited (Registered number: 02958622) |

Balance Sheet

30 June 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 7,955 |  | 8,569 |  |

CURRENT ASSETS

Debtors | 5 | 1,221,309 |  | 1,230,080 |  |

Cash at bank | 20,566 |  | 109,576 |  |

1,241,875 |  | 1,339,656 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,229,341 |  | 11,006,373 |  |

NET CURRENT ASSETS/(LIABILITIES) | 12,534 |  | (9,666,717 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 20,489 |  | (9,658,148 | ) |

PROVISIONS FOR LIABILITIES | - |  | 1,279 |  |

NET ASSETS/(LIABILITIES) | 20,489 |  | (9,659,427 | ) |

CAPITAL AND RESERVES

Called up share capital | 7 | 9,000 |  | 9,000 |  |

Shareholder contribution

reserve | 10,871,292 |  | - |  |

Retained earnings | (10,859,803 | ) | (9,668,427 | ) |

SHAREHOLDERS' FUNDS | 20,489 |  | (9,659,427 | ) |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by:

B J Comin - Director

| Rhetorik Limited (Registered number: 02958622) |

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Rhetorik 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.

| 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 the total value of work done, excluding value added tax, of sales made during the year and derives from the provision of services falling within the Company's ordinary activities.

| Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the statement of financial position date, turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments have been received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

| Tangible fixed assets

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

| life.

| Fixtures, fittings and equipment 20% - 30% on cost

| Rhetorik Limited (Registered number: 02958622) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12

| 'Other Financial Instruments Issue' of FRS 102 to all of its financial instruments. Financial instruments are

| recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial

| statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| As the debts due within the group are disclosed as owing within 1 year and are eliminated on consolidation, no discounting of these balances has taken place within these financial statements.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year not amortised.

| Clarification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual

| arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference

| shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at an amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

| business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| Rhetorik Limited (Registered number: 02958622) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Going concern

| The Directors have reviewed the Company's going concern position taking account of its current business

| activities, budgeted performance and the factors likely to affect its future development. These factors include the Company's objectives, policies and processes for managing its capital, its financial risk management objectives and its exposure to credit and liquidity risks.

| As at 30 June 2025, the Company had cash and cash equivalents of £20,566 (2024: £109,576), net current (liabilities) of £681,666 after excluding debtors outside one year (2024: £10,030,829) and had net assets / (liabilities) of £20,489 (2024: £9,659,427).

| The accounts do not include any adjustments that would result in the company being unable to continue as a going concern as the company has the financial support of its new owners.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 9 ) .

4. | PROPERTY, PLANT AND EQUIPMENT

| Plant and

| machinery

| etc

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 72,421 |  |

| DEPRECIATION

| At 1 July 2024 | 63,852 |  |

| Charge for year | 614 |  |

| At 30 June 2025 | 64,466 |  |

| NET BOOK VALUE

| At 30 June 2025 | 7,955 |  |

| At 30 June 2024 | 8,569 |  |

| Rhetorik Limited (Registered number: 02958622) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

5. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 249,854 |  | 536,988 |  |

| Amounts owed by group undertakings | - |  | 40,984 |  |

| Other debtors | 277,255 |  | 287,995 |  |

527,109 |  | 865,967 |  |

| Amounts falling due after more than one year:

| Other debtors | 694,200 |  | 364,113 |  |

| Aggregate amounts | 1,221,309 |  | 1,230,080 |  |

| The company has made a claim for R&D tax credits in the sum of £364,113 for the year to June 2024 with HMRC which had yet to be agreed or paid out at the year end. The company is intending to pursue a claim for the June 25 in the sum of £330,087 which has also been accrued in the accounts.

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

2025 | 2024 |

£ | £ |

| Trade creditors | 135,483 |  | 139,744 |  |

| Amounts owed to group undertakings | - |  | 9,865,698 |  |

| Taxation and social security | 35,822 |  | 14,269 |  |

| Other creditors | 1,058,036 |  | 986,662 |  |

1,229,341 |  | 11,006,373 |  |

| Following a change in ownership in the company's parent, Rhetorik Global Limited, the company converted its existing inter company debt with other group members into a shareholder contribution reserve. This has the effect of cancelling any loans repayable to other group companies together with any interest that had been accrued.

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 900,000 | Ordinary | 1p | 9,000 |  | 9,000 |  |

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

| The Report of the Auditors was unqualified.

| Paul Smith BSc FCA (Senior Statutory Auditor)

| for and on behalf of Williams & Co Epsom LLP

| Rhetorik Limited (Registered number: 02958622) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

9. | RELATED PARTY DISCLOSURES

| The amounts owed to group undertakings is nil (2024: £7,568,081) owed to the parent company,

| Rhetorik Global Limited, a company registered in England and Wales, and nil (2024: £2,297,617) owed to Rhetorik Solutions Canada Ltee, a company based in Quebec, Canada.

| Rhetorik Solutions Canada Ltee is a wholly owned subsidiary of Rhetorik Global Limited.

| The amounts owed by group undertakings is nil (2024: £40,984) owed by Datarista Inc, a company based in the state of Delaware, USA, and which is wholly owned subsidiary of Rhetorik Global Limited.

| As noted in the financial statements, the inter company debt was eliminated by a restructuring across the Group at the year end.

10. | ULTIMATE CONTROLLING PARTY

| The company is a 100% owned subsidiary of Rhetorik Global Limited, a company registered in England and

| Wales. The ownership of this company changed at the year end when it was acquired by Burning Glass Intermediate Holding Company Inc, a company incorporated in the USA. There is no overall controlling party of this company.