BrightAccountsProduction v1.0.0 v1.0.0 2024-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of information technology consultancy activities and security. 4 March 2026 NI651305 2025-03-31 NI651305 2024-03-31 NI651305 2023-03-31 NI651305 2024-04-01 2025-03-31 NI651305 2023-04-01 2024-03-31 NI651305 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI651305 uk-curr:PoundSterling 2024-04-01 2025-03-31 NI651305 uk-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI651305 uk-bus:FullAccounts 2024-04-01 2025-03-31 NI651305 uk-bus:Director1 2024-04-01 2025-03-31 NI651305 uk-bus:Director2 2024-04-01 2025-03-31 NI651305 uk-bus:RegisteredOffice 2024-04-01 2025-03-31 NI651305 uk-bus:Agent1 2024-04-01 2025-03-31 NI651305 uk-core:ShareCapital 2025-03-31 NI651305 uk-core:ShareCapital 2024-03-31 NI651305 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI651305 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI651305 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-03-31 NI651305 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI651305 uk-bus:FRS102 2024-04-01 2025-03-31 NI651305 uk-core:LandBuildings 2024-04-01 2025-03-31 NI651305 uk-core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 NI651305 uk-core:CurrentFinancialInstruments 2025-03-31 NI651305 uk-core:CurrentFinancialInstruments 2024-03-31 NI651305 uk-core:WithinOneYear 2025-03-31 NI651305 uk-core:WithinOneYear 2024-03-31 NI651305 uk-core:WithinOneYear 2025-03-31 NI651305 uk-core:WithinOneYear 2024-03-31 NI651305 uk-core:BetweenTwoFiveYears 2025-03-31 NI651305 uk-core:BetweenTwoFiveYears 2024-03-31 NI651305 uk-countries:Japan 2024-04-01 2025-03-31 NI651305 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI651305

Nihon Cyber Defence Ltd

Unaudited Financial Statements

for the financial year ended 31 March 2025

Nihon Cyber Defence Ltd

DIRECTORS AND OTHER INFORMATION

Directors | Mr Cartan Joseph McLaughlin
| Mr John Moore (Appointed 10 August 2025)
Company Registration Number | NI651305
Registered Office and Business Address | Law Society House, 100 Victoria Street
| Belfast
| BT1 3GN
| Northern Ireland
Accountants | Muldoon
| Chartered Accountants & Registered Auditors
| 16 Mount Charles
| BT7 1NZ
| Northern Ireland
Bankers | Ulster Bank Ltd
| 11-16 Donegall Square East
| Belfast
| BT1 5HD

Nihon Cyber Defence Ltd

Company Registration Number: NI651305

BALANCE SHEET

as at 31 March 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 5 | 4,628 |  | 397,223
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  | 6 | 65,189 |  | 143,846
Cash and cash equivalents |  |  | 5,305 |  | 200,638
|  |  | ───────── |  | ─────────
|  |  | 70,494 |  | 344,484
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 7 | (154,723) |  | (376,501)
|  |  | ───────── |  | ─────────
Net Current Liabilities |  |  | (84,229) |  | (32,017)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | (79,601) |  | 365,206
Creditors:

amounts falling due after more than one year |  | 8 | (621,715) |  | (1,012,897)
|  |  | ───────── |  | ─────────
Net Liabilities |  |  | (701,316) |  | (647,691)
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 109,000 |  | 109,000
Retained earnings |  |  | (810,316) |  | (756,691)
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | (701,316) |  | (647,691)
|  |  | ═════════ |  | ═════════
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 4 March 2026 and signed on its behalf by

________________________________ |  |  |  |  |
Mr Cartan Joseph McLaughlin |  |  |  |  |
Director |  |  |  |  |

Nihon Cyber Defence Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

1. | General Information
| Nihon Cyber Defence Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI651305. The registered office of the company is Law Society House, 100 Victoria Street, Belfast, BT1 3GN, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is that of information technology consultancy activities and security. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Cash flow statement
| The company has availed of the exemption in FRS 102 from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.
| Turnover
| Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. Cost comprises purchase price and other directly attributable costs. Freehold land is stated at cost and is not depreciated. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Land and buildings freehold | - | No amortisation
|  | Fixtures, fittings and equipment | - | 25% Straight line
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Borrowing costs
| Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at 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 where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

3. | Employees
| The average monthly number of employees, including directors, during the financial year was:
|  | 2025 | 2024
|  | Number | Number
| Director | 1 | 1
| Employees | 10 | 5
|  | ───────── | ─────────
|  | 11 | 6
|  | ═════════ | ═════════

4. | Tax on loss
|  | 2025 | 2024
|  | £ | £
| Analysis of charge in the financial year
| Current tax:
| Corporation tax | - | -
|  | ═════════ | ═════════
| No charge to tax arises due to tax losses incurred.

5. | Tangible assets
|  | Land and | Fixtures, | Total
|  | buildings | fittings and |
|  | freehold | equipment |
|  | £ | £ | £
| Cost
| At 1 April 2024 | 395,000 | 5,133 | 400,133
| Additions | - | 4,447 | 4,447
| Disposals | (395,000) | - | (395,000)
|  | ───────── | ───────── | ─────────
| At 31 March 2025 | - | 9,580 | 9,580
|  | ───────── | ───────── | ─────────
| Depreciation
| At 1 April 2024 | - | 2,910 | 2,910
| Charge for the financial year | - | 2,042 | 2,042
|  | ───────── | ───────── | ─────────
| At 31 March 2025 | - | 4,952 | 4,952
|  | ───────── | ───────── | ─────────
| Net book value
| At 31 March 2025 | - | 4,628 | 4,628
|  | ═════════ | ═════════ | ═════════
| At 31 March 2024 | 395,000 | 2,223 | 397,223
|  | ═════════ | ═════════ | ═════════

6. | Debtors | 2025 | 2024
|  | £ | £
| Trade debtors | 64,877 | 139,859
| Directors' current accounts | - | 3,987
| Taxation (Note 9) | 22 | -
| Prepayments and accrued income | 290 | -
|  | ───────── | ─────────
|  | 65,189 | 143,846
|  | ═════════ | ═════════

7. | Creditors | 2025 | 2024
| Amounts falling due within one year | £ | £
| Bounce Back Loan | 8,518 | 8,518
| Loan Nihon Cyber Defence Japan | 118,693 | 95,449
| Trade creditors | 4,140 | 228,072
| Taxation (Note 9) | 2,309 | 43,224
| Other creditors | 18,950 | 372
| Pension accrual | 2,113 | 866
|  | ───────── | ─────────
|  | 154,723 | 376,501
|  | ═════════ | ═════════

8. | Creditors | 2025 | 2024
| Amounts falling due after more than one year | £ | £
| Loan Nihon Holdings Japan Ltd | 352,853 | 679,951
| Bounce Back Loan | 1,251 | 8,831
| Accrued expenditure | 267,611 | 324,115
|  | ───────── | ─────────
|  | 621,715 | 1,012,897
|  | ═════════ | ═════════
| Loans
| Repayable in one year or less, or on demand (Note 7) | 127,211 | 103,967
| Repayable between two and five years | 352,853 | 679,951
|  | ───────── | ─────────
|  | 480,064 | 783,918
|  | ═════════ | ═════════

9. | Taxation | 2025 | 2024
|  | £ | £
| Debtors:
| PAYE / NI | 22 | -
|  | ═════════ | ═════════
| Creditors:
| VAT | 2,309 | 43,224
|  | ═════════ | ═════════

10. | Related party transactions
| Nihon Cyber Defence Ltd has received loan finance support from Nihon Holdings Limited, a related company. During the year £327,098 was repaid to Nihon Holdings Limited, the balance outstanding at the 31st March 2025 is £352,853 (2024: £679,951).

11. | Controlling interest
| Nihon Cyber Defence Co. Ltd, is a company registered in Japan and is deemed to be the controlling entity of Nihon Cyber Defence Ltd, as it owns 100% of its share capital.

12. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial year-end.