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REGISTERED NUMBER: 09330222 (England and Wales)

Nekton Services (UK) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

| Nekton Services (UK) Limited (Registered number: 09330222) |

Contents of the Financial Statements

for the year ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Nekton Services (UK) Limited |

Company Information

for the year ended 31 December 2025

| Director: | G Lopez

| Registered office: | 3rd Floor

| 86 - 90 Paul Street

| London

| EC2A 4NE

| Registered number: | 09330222 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| Broadwalk House, 5th Floor

| 5 Appold Street

| Broadgate

| London

| EC2A 2AG

| Nekton Services (UK) Limited (Registered number: 09330222) |

Balance Sheet

31 December 2025

2025 | 2024 |

| Notes | £ | £

Current assets

Debtors | 4 | 1,881,216 |  | 1,871,036 |  |

Cash at bank and in hand | 78,278 |  | 78,006 |  |

1,959,494 |  | 1,949,042 |  |

Creditors

Amounts falling due within one year | 5 | 1,955,339 |  | 1,875,287 |  |

Net current assets | 4,155 |  | 73,755 |  |

Total assets less current liabilities | 4,155 |  | 73,755 |  |

Capital and reserves

Called up share capital | 6 | 1 |  | 1 |  |

Retained earnings | 7 | 4,154 |  | 73,754 |  |

Shareholders' funds | 4,155 |  | 73,755 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30 March 2026 and were signed by:

G Lopez - Director

| Nekton Services (UK) Limited (Registered number: 09330222) |

Notes to the Financial Statements

for the year ended 31 December 2025

1. | Statutory information

| Nekton Services (UK) 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.

| Going concern

| The financial statements have been prepared on a going concern basis. The company is dependent on the continued support of its group companies, and the director has received confirmation that this support will continue for at least twelve months from the date of approval of these financial statements. This includes a commitment not to require repayment of existing intercompany balances and to provide financial assistance if required. On this basis, the director considers the going concern basis to be appropriate.

| 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 amounts receivable for management services provided in the year and is stated net of VAT.

| Financial instruments

| Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, trade and other payables, convertible loan notes and loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

| Financial assets and liabilities - classified as basic financial instruments

| (i) Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

| (ii) Trade and other receivables

| Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

| At the end of each reporting period, the company assesses whether there is objective evidence that an

| receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in the Income Statement.

| (iii) Trade and other payables and loans and borrowings

| Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the discounted amount of the cash expected to be paid.

| Nekton Services (UK) Limited (Registered number: 09330222) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

3. | Employees and directors

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

4. | Debtors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Amounts owed by related undertakings | 1,865,268 |  | 1,856,387 |  |

| Other debtors | 15,948 |  | 14,649 |  |

1,881,216 |  | 1,871,036 |  |

5. | Creditors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Trade creditors | 1,500 |  | 9,530 |  |

| Amounts owed to related undertakings | 65,341 |  | 64,694 |  |

| Other creditors | 1,888,498 |  | 1,801,063 |  |

1,955,339 |  | 1,875,287 |  |

6. | Called up share capital

| Allotted, issued and fully paid:

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

value: |  | £ | £

| 1 | Ordinary | £1 | 1 |  | 1 |  |

7. | Reserves

Retained |

earnings |

| £

| At 1 January 2025 | 73,754 |  |

| Deficit for the year | (69,600 | ) |

| At 31 December 2025 | 4,154 |  |

8. | Related party disclosures

| Included within other creditors is a balance of £1,883,398 (2024: £1,797,476) owed to the ultimate controlling party. During the year, the company paid interest of £67,746 (2024: £43,802) in relation to this balance.

| All transactions were at arms length and in the normal course of business. This amount is unsecured and repayable on demand.