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Registered number: 14144591
Sablier Labs Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Sablier Labs Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Sablier Labs Ltd
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: 14144591

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 4,002,510 |  | 5,339,221
Tangible Assets | 5 |  | 3,390 |  | -
|  |  | 4,005,900 |  | 5,339,221
CURRENT ASSETS
Debtors | 6 | 171,221 |  | 82,670 |
Cash at bank and in hand |  | 1,920,968 |  | 2,683,328 |
|  | 2,092,189 |  | 2,765,998 |
Creditors: Amounts Falling Due Within One Year | 7 | (8,429 ) |  | (3,965 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,083,760 |  | 2,762,033
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 6,089,660 |  | 8,101,254
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (3,395,825 ) |  | (3,601,805 )
NET ASSETS |  |  | 2,693,835 |  | 4,499,449
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1,365 |  | 1,365
Share premium account |  |  | 6,397,268 |  | 6,397,268
Other reserves |  |  | 1,629,188 |  | 1,003,611
Profit and Loss Account |  |  | (5,333,986 ) |  | (2,902,795 )
SHAREHOLDERS' FUNDS |  |  | 2,693,835 |  | 4,499,449

Page 1
Page 2
Sablier Labs Ltd
Balance Sheet (continued)
As At 31 May 2025
For the year ending 31 May 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

P Berg Director
24 February 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Sablier Labs Ltd
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Sablier Labs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14144591 . The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are as follows:
Domain names - amortised over estimated life of 5 years
Intellectual property -amortised over estimated life of 10 years
Crypto currencies - revalued to fair value at year end
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment | 3 years

2.5. Foreign Currencies
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.6. Cryptocurrency assets
Cryptocurrency assets (under IAS 38) are recorded as intangible assets and can be measured at either
cost or revaluation. The company has elected to measure them at revaluation as there is now an active
market across across many digital exchanges. Therefore, these are recognised at fair value. The assets
are held for investment purposes and therefore cannot be recognised as stock as they are not being
held for sale in the ordinary course of business.
2.7. Share option scheme
Included in other reserves is a share option scheme. The fair value of employee share options is calculated when they are granted using a Black-Scholes model. The resulting cost is charged in the Profit and Loss account over the vesting period of the option or award, together with a corresponding increase in equity. The cumulative expense recognised is the Company's best estimate of the number
of equity instruments that will ultimately vest. The expense or credit in the Profit and Loss for a period represents the movement in the cumulative expense recognised as at the beginning and end of that period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
Page 3
Page 4
Sablier Labs Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
4. Intangible Assets

| Other
--- | ---
| £
Cost or Valuation
As at 1 June 2024 | 6,189,181
Additions | 128,712
Revaluations | (174,111 )
Disposals | (819,079 )
Transfers | 37,910
As at 31 May 2025 | 5,362,613
Amortisation
As at 1 June 2024 | 849,960
Provided during the period | 510,143
As at 31 May 2025 | 1,360,103
Net Book Value
As at 31 May 2025 | 4,002,510
As at 1 June 2024 | 5,339,221

5. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 June 2024 | -
Additions | 3,708
As at 31 May 2025 | 3,708
Depreciation
As at 1 June 2024 | -
Provided during the period | 318
As at 31 May 2025 | 318
Net Book Value
As at 31 May 2025 | 3,390
As at 1 June 2024 | -

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 9,944 |  | 10,368
Other debtors | 161,277 |  | 72,302
| 171,221 |  | 82,670

Page 4
Page 5
Sablier Labs Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 6,118 |  | -
Other creditors | 2,311 |  | -
Taxation and social security | - |  | 3,965
| 8,429 |  | 3,965

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other loans | 3,395,825 |  | 3,601,805

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,365 |  | 1,365

During the year the company issued equity settled share options to certain employees and contractors. Details of the options granted and outstanding are shown in the table below. The share options are only exerciseable on an exit event or after 5 years from the grant date, and lapse 10 years after grant if not exercised. The share options include vesting conditions based on the option holders length of service to the company.
2025

Total share based payment charge for the year | £625,576.90
Total share option reserve at 31.05.2025 | £1,629,187.95

| Total number | Weighted average exercise price
Share options outstanding at 01.06.2024 | 1,590,000 | £0.0241
Granted in the year | 210,000 | £0.0001
Lapsed in the year | 0 | n/a
Share options outstanding at 31.05.2025 | 1,800,000 | £0.0213
Total number of share options exerciseable at 31.05.2025 | 0 |

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