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REGISTERED NUMBER: 09091904 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ARCSERVE UK BRANCH LIMITED

ARCSERVE UK BRANCH LIMITED (REGISTERED NUMBER: 09091904) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company information | 1 |

| Balance sheet | 2 |

| Notes to the financial statements | 3 |

| ARCSERVE UK BRANCH LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| Director: | C J Babel

| Secretary: | Vistra Company Secretaries Limited

| Registered office: | Suite 1, 7th Floor,

| 50 Broadway

| London

| SW1H 0BL

| Registered number: | 09091904 (England and Wales)

| Auditors: | Zome (Statutory Auditor)

| 5th Floor

| 111 Charterhouse Street

| London

| EC1M 6AW

ARCSERVE UK BRANCH LIMITED (REGISTERED NUMBER: 09091904) |

BALANCE SHEET

31 MARCH 2025

31/3/25 | 31/3/24 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 4 | - |  | 1,184 |  |

CURRENT ASSETS

Debtors | 5 | 1,836,675 |  | 1,891,959 |  |

Cash at bank | 161,688 |  | 168,357 |  |

1,998,363 |  | 2,060,316 |  |

CREDITORS

Amounts falling due within one year | 6 | (79,648 | ) | (154,377 | ) |

NET CURRENT ASSETS | 1,918,715 |  | 1,905,939 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,918,715 |  | 1,907,123 |  |

CAPITAL AND RESERVES

Called up share capital | 3 |  | 3 |  |

Share premium | 705,673 |  | 705,673 |  |

Other reserves | 550,143 |  | 525,070 |  |

Retained earnings | 662,896 |  | 676,377 |  |

SHAREHOLDERS' FUNDS | 1,918,715 |  | 1,907,123 |  |

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 and authorised for issue by the director and authorised for issue on 24 February 2026 and were signed by:

C J Babel - Director

ARCSERVE UK BRANCH LIMITED (REGISTERED NUMBER: 09091904) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Arcserve UK Branch 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.

| The Company's functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

2. | ACCOUNTING POLICIES

| Summary of significant accounting policies

| The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

| Basis of preparing the financial statements and statement of compliance

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going concern

| The company's financial statements has been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. The director has considered a period of twelve months from the date of approval of the financial statements, and has considered a best estimate of the impacts of uncertainties such as the outlook for the economy.

| The company does not trade with non-group entities and therefore is reliant on the ongoing support of the wider group to be able to meet third party liabilities as they fall due. The parent company's funding position is such that the group will either refinance its debt in the next twelve months or it will require additional funding from the ultimate investors in the group. There is inherent uncertainty in either of these outcomes and therefore, until such time that there is a binding commitment for further funding, a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

| However, having made enquiries of the parent company and having also considered the latest trading results of the group, the director believes that the parent company will be successful with either refinancing its debts or obtaining further funds from investors. Therefore the director believes the parent company support will continue to be forthcoming for the foreseeable future and so the financial statements has been prepared on a going concern basis.

| Turnover

| Turnover represents amounts charged to the Company's parent under an agreement for marketing and other services provided, excluding value added tax.

| Turnover is recognised when chargeable costs are incurred.

| 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.

| Tangible fixed assets

| Assets being recorded at historical cost and depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Computer Equipment - 3 years, straight line basis.

ARCSERVE UK BRANCH LIMITED (REGISTERED NUMBER: 09091904) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 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.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

| Basic financial liabilities

| Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

| 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 initially recognised at transaction price.

| 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 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.

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 11 (2024 - 12 ) .

ARCSERVE UK BRANCH LIMITED (REGISTERED NUMBER: 09091904) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | TANGIBLE FIXED ASSETS

Plant and |

machinery |

etc |

| £

| Cost

| At 1 April 2024 | 7,752 |  |

| Disposals | (2,478 | ) |

| At 31 March 2025 | 5,274 |  |

| Depreciation

| At 1 April 2024 | 6,568 |  |

| Charge for year | 259 |  |

| Eliminated on disposal | (1,553 | ) |

| At 31 March 2025 | 5,274 |  |

| Net book value

| At 31 March 2025 | - |  |

| At 31 March 2024 | 1,184 |  |

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

31/3/25 | 31/3/24 |

| £ | £

| Amounts owed by group undertakings | 1,806,779 |  | 1,840,328 |  |

| Other debtors | 10,389 |  | 1,472 |  |

| Tax | - |  | 32,043 |  |

| VAT | - |  | 905 |  |

| Deferred tax asset | 1,225 |  | 1,225 |  |

| Prepayments | 18,282 |  | 15,986 |  |

1,836,675 |  | 1,891,959 |  |

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

31/3/25 | 31/3/24 |

| £ | £

| Trade creditors | 4,858 |  | 9,993 |  |

| Tax | 4,758 |  | - |  |

| Social security and other taxes | 10,099 |  | 24,356 |  |

| Accrued expenses | 59,933 |  | 120,028 |  |

79,648 |  | 154,377 |  |

7. | LEASING AGREEMENTS

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

31/3/25 | 31/3/24 |

| £ | £

| Within one year | 7,249 |  | 7,384 |  |

ARCSERVE UK BRANCH LIMITED (REGISTERED NUMBER: 09091904) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

| As the profit and loss account has been omitted from the filing copy of the financial statements the following information is in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

| - The name of the Senior Statutory Auditor who signed the audit report on was Roy Davis.

| - The auditor was Zome.

| The independent auditor's report was unqualified and modified to include the following statement:

| Material Uncertainty relating to going concern -

| We draw attention to note 2 in the financial statements, which discloses that the company is reliant on the willingness and ability of the ultimate parent company to continue to provide the financial support which the company requires. As stated in note 2, these events or conditions, along with other matters as set forth in note 2, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

9. | FIXED CHARGES

| There is one outstanding fixed charge held over the assets of the company for Monroe Capital Management Advisors, Llc.

10. | ULTIMATE PARENT COMPANY

| The immediate parent undertaking of the company is Arcserve UK Holding Limited, a company incorporated in the United Kingdom.

| The ultimate parent company is Arcserve Cayman Topco LP, a company incorporated in the Cayman Islands. The largest and smallest group in which the results of the company are consolidated is the group headed by Arcserve Cayman Topco LP. Copies of the group financial statements are available at its global headquarters at 6600 City W. Parkway, Suite 215, Eden Prairie, MN 55344, U.S.A.

| The ultimate controlling party is Monroe Capital (which owns 41.45%).