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REGISTERED NUMBER: 05570023 (England and Wales)

REDLUX LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

| REDLUX LIMITED (REGISTERED NUMBER: 05570023) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

| Company Information | 1 |

| Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 5 |

| REDLUX LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | K Henderson

| C Maul

| M A Tuke

| REGISTERED OFFICE: | Unit 5, The Quadrangle

| Premier Way

| Romsey

| Hampshire

| SO51 9DL

| REGISTERED NUMBER: | 05570023 (England and Wales)

| ACCOUNTANTS: | Rothmans CF Limited

| Fryern House

| 125 Winchester Road

| Chandlers Ford

| Eastleigh

| Hampshire

| SO53 2DR

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

REDLUX LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RedLux Limited for the year ended 30 September 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of RedLux Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RedLux Limited and state those matters that we have agreed to state to the Board of Directors of RedLux Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RedLux Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RedLux Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of RedLux Limited. You consider that RedLux Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RedLux Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

3 February 2026

| REDLUX LIMITED (REGISTERED NUMBER: 05570023) |

BALANCE SHEET

30 SEPTEMBER 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 4 | 1,814,495 |  | 1,792,536 |  |

Tangible assets | 5 | 36,578 |  | 51,253 |  |

1,851,073 |  | 1,843,789 |  |

CURRENT ASSETS

Stocks | 27,771 |  | 81,706 |  |

Debtors | 6 | 163,173 |  | 153,030 |  |

Cash at bank and in hand | 78,788 |  | 83,195 |  |

269,732 |  | 317,931 |  |

CREDITORS

Amounts falling due within one year | 7 | 370,358 |  | 237,589 |  |

NET CURRENT (LIABILITIES)/ASSETS | (100,626 | ) | 80,342 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,750,447 |  | 1,924,131 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (963,407 | ) | (996,205 | ) |

PROVISIONS FOR LIABILITIES | 11 | (51,220 | ) | (48,976 | ) |

NET ASSETS | 735,820 |  | 878,950 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 1 |  | 1 |  |

Share premium | 2,072,655 |  | 2,072,655 |  |

Retained earnings | (1,336,836 | ) | (1,193,706 | ) |

SHAREHOLDERS' FUNDS | 735,820 |  | 878,950 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

| REDLUX LIMITED (REGISTERED NUMBER: 05570023) |

BALANCE SHEET - continued

30 SEPTEMBER 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 Board of Directors and authorised for issue on 2 February 2026 and were signed on its behalf by:

C Maul - Director

| REDLUX LIMITED (REGISTERED NUMBER: 05570023) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| RedLux Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05570023 and its registered office address is Unit 5, The Quadrangle, Abbey Park Industrial Estate, Romsey, Hampshire, SO51 9DL. The company's principal activity is in the delivery of high precision, data-rich, non-contact measuring solutions.

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 presentation currency is £ sterling.

| Going concern

| The Directors believe that the company has sufficient resources to continue to operate in the foreseeable future however they note that they have seen extended buying cycles from customers with purchasing decisions taking longer to conclude which has resulted in a difficult trading environment. The Directors continue to implement careful cost control measures and consider the going concern basis remains appropriate in preparing the financial statements.

| Turnover

| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes and is recognised on despatch of goods. Rental income is recognised on a straight line basis over the life of the sublease.

| Intangible assets

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

| All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

| The estimated useful lives range as follows:

| Patents |  | - 10 years once the patent application is approved |  |

| Development expenditure |  | - 7 years once useable in the manner intended by management |  |

| Depreciation

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated losses. Historic cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as below.

| Leasehold improvements |  | - Over the term of the lease of ten years |  |

| Plant and machinery |  | - 5-10 years straight line |  |

| Fixtures and fittings |  | - 2-10 years straight line |  |

| Office equipment |  | - 3-7 years straight line |  |

| Computer equipment |  | - 2 years straight line |  |

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

| REDLUX LIMITED (REGISTERED NUMBER: 05570023) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Work in progress includes labour costs and attributable overheads net of any turnover invoiced in advance and is valued on a project by project basis. Where the amount of the turnover invoiced in advance exceeds the costs incurred to date, this amount is included within deferred income.

| Finished goods are stated at the lower of cost and net of any amounts invoiced in advance; being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

| At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.

| Financial instruments

| The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

| 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 to equity.

| The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| 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.

| Research and development

| In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred.

| Intangible assets are recognised from the development phase of a project, if and only if, a certain range of specific criteria are met. An element of judgement is required in assessing these criteria (note 3).

| If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

| Amortisation of a development project begins when the asset has been assessed to be useable in the manner intended by management. An element of judgement is required in making the assessment (note 3).

| Where development costs are capitalised, this is stated at cost less accumulated amoritsation and impairment losses.

| Foreign currency translation

| Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

| At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction.

| Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Income Statement.

| REDLUX LIMITED (REGISTERED NUMBER: 05570023) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Pensions

| The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

| The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown as a liability in the Balance Sheet.

| The assets of the plan are held separately from the company in independently administered funds.

| Finance costs

| Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate of the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

| Provisions for liabilities

| Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to the Income Statement in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made, they are charged to the provision carried in the balance sheet.

| Share premium

| The share premium account represents the amount received on the issue of ordinary shares in excess of their nominal value, and is non-distributable.

| Grants

| Grants of a revenue nature are credited to the Income Statement in the period to which they relate in accordance with the terms of the grant. Any accrued or deferred element of the grant is included in debtors or creditors as applicable.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 8 ) .

4. | INTANGIBLE FIXED ASSETS

Patents and | Development |

licences | costs | Totals |

| £ | £ | £

| COST

| At 1 October 2024 | 27,943 |  | 2,215,289 |  | 2,243,232 |  |

| Additions | - |  | 141,993 |  | 141,993 |  |

| At 30 September 2025 | 27,943 |  | 2,357,282 |  | 2,385,225 |  |

| AMORTISATION

| At 1 October 2024 | 11,179 |  | 439,517 |  | 450,696 |  |

| Amortisation for year | 2,791 |  | 117,243 |  | 120,034 |  |

| At 30 September 2025 | 13,970 |  | 556,760 |  | 570,730 |  |

| NET BOOK VALUE

| At 30 September 2025 | 13,973 |  | 1,800,522 |  | 1,814,495 |  |

| At 30 September 2024 | 16,764 |  | 1,775,772 |  | 1,792,536 |  |

| REDLUX LIMITED (REGISTERED NUMBER: 05570023) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5. | TANGIBLE FIXED ASSETS

Fixtures |

Improvements | Plant and | and |

to property | machinery | fittings |

| £ | £ | £

| COST

| At 1 October 2024 | 78,053 |  | 37,391 |  | 5,661 |  |

| Additions | - |  | - |  | - |  |

| At 30 September 2025 | 78,053 |  | 37,391 |  | 5,661 |  |

| DEPRECIATION

| At 1 October 2024 | 44,429 |  | 23,607 |  | 5,661 |  |

| Charge for year | 8,315 |  | 4,320 |  | - |  |

| At 30 September 2025 | 52,744 |  | 27,927 |  | 5,661 |  |

| NET BOOK VALUE

| At 30 September 2025 | 25,309 |  | 9,464 |  | - |  |

| At 30 September 2024 | 33,624 |  | 13,784 |  | - |  |

Office | Computer |

Equipment | equipment | Totals |

| £ | £ | £

| COST

| At 1 October 2024 | 12,348 |  | 21,126 |  | 154,579 |  |

| Additions | - |  | 838 |  | 838 |  |

| At 30 September 2025 | 12,348 |  | 21,964 |  | 155,417 |  |

| DEPRECIATION

| At 1 October 2024 | 11,096 |  | 18,533 |  | 103,326 |  |

| Charge for year | 705 |  | 2,173 |  | 15,513 |  |

| At 30 September 2025 | 11,801 |  | 20,706 |  | 118,839 |  |

| NET BOOK VALUE

| At 30 September 2025 | 547 |  | 1,258 |  | 36,578 |  |

| At 30 September 2024 | 1,252 |  | 2,593 |  | 51,253 |  |

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

2025 | 2024 |

| £ | £

| Trade debtors | 43,251 |  | 36,542 |  |

| Other debtors | 46,374 |  | 43,757 |  |

| Prepayments and accrued income | 73,548 |  | 72,731 |  |

163,173 |  | 153,030 |  |

| REDLUX LIMITED (REGISTERED NUMBER: 05570023) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

2025 | 2024 |

| £ | £

| Other loans | 137,381 |  | 93,492 |  |

| Trade creditors | 52,393 |  | 70,642 |  |

| Social security and other taxes | 6,995 |  | 8,327 |  |

| Other creditors | 33,462 |  | 24,180 |  |

| Accruals and deferred income | 140,127 |  | 40,948 |  |

370,358 |  | 237,589 |  |

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

2025 | 2024 |

| £ | £

| Shareholder loan | 137,662 |  | 126,474 |  |

| Other loan - due 2 to 5 years | 825,745 |  | 869,731 |  |

963,407 |  | 996,205 |  |

9. | LEASING AGREEMENTS

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

2025 | 2024 |

| £ | £

| Within one year | 84,672 |  | 84,672 |  |

| Between one and five years | 270,950 |  | 338,688 |  |

| In more than five years | - |  | 16,934 |  |

355,622 |  | 440,294 |  |

10. | SECURED DEBTS

| The other loan is secured by a fixed and floating charge over the assets of the company.

11. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

| £ | £

| Other provisions | 51,220 |  | 48,976 |  |

Dilapidat- |

ion |

provision |

| £

| Balance at 1 October 2024 | 48,976 |  |

| Charge to Income Statement during year | 2,244 |  |

| Balance at 30 September 2025 | 51,220 |  |

| REDLUX LIMITED (REGISTERED NUMBER: 05570023) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

value: |  | £ | £

| 140,359 | Ordinary shares | £0.00001 | 1 |  | 1 |  |

13. | RELATED PARTY DISCLOSURES

| M Tuke is a director of, and shareholder in, the company. M Tuke has loaned the company £75,000 (2024: £75,000). Interest is charged on the loan at 1% above the National Westminster Bank plc base rate, and the interest charge for the year was £11,188 (2024: £11,051). At the year end the capital and interest outstanding was £137,662 (2024: £126,473).

14. | SHARE BASED PAYMENTS

| The company operates an equity-settled share based remuneration scheme for some of the employees of the company.

|  | Weighted average exercise price (pence | ) |  | Number |  |  | Weighted average exercise price (pence | ) |  | Number |

|  | 2025 |  |  | 2025 |  |  | 2024 |  |  | 2024 |

| Outstanding at the beginning of the year |  | 441 |  |  | 2,144 |  |  | 441 |  |  | 3,304 |

| Voided during the year |  | - |  |  | - |  |  | - |  |  | - |

| Granted during the year |  | - |  |  | - |  |  | - |  |  | - |

| Expired during the year |  | (441 | ) |  | (744 | ) |  | (441 | ) |  | (1,160 | )

| Outstanding at the end of the year |  | 441 |  |  | 1,400 |  |  | 441 |  |  | 2,144 |

| There were no conditions related to the exercise of the share options.

| The number of share options exercised during the year was Nil (2024: Nil).