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REGISTERED NUMBER: 13095762 (England and Wales)

Studio Graphene Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

| Studio Graphene Holdings Limited (Registered number: 13095762) |

Contents of the Financial Statements

for the year ended 31 December 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| Studio Graphene Holdings Limited |

Company Information

for the year ended 31 December 2025

| Director: | R Gandhi

| Registered office: | 124 City Road

| London

| EC1V 2NX

| Registered number: | 13095762 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| Broadwalk House, 5th Floor

| 5 Appold Street

| Broadgate

| London

| EC2A 2AG

| Studio Graphene Holdings Limited (Registered number: 13095762) |

Statement of Financial Position

31 December 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

Fixed assets

Investments | 4 | 80,624 |  | 80,624 |  |

Current assets

Debtors | 5 | 290 |  | - |  |

Creditors

Amounts falling due within one year | 6 | 43,148 |  | 35,976 |  |

Net current liabilities | (42,858 | ) | (35,976 | ) |

Total assets less current liabilities | 37,766 |  | 44,648 |  |

Capital and reserves

Called up share capital | 7 | 120 |  | 120 |  |

Retained earnings | 37,646 |  | 44,528 |  |

Shareholders' funds | 37,766 |  | 44,648 |  |

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 8 April 2026 and were signed by:

R Gandhi - Director

| Studio Graphene Holdings Limited (Registered number: 13095762) |

Notes to the Financial Statements

for the year ended 31 December 2025

1. | Statutory information

| Studio Graphene Holdings 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 Company has minimal committed overheads and no commitments or guarantees to provide support to its trading subsidiary, Studio Graphene Limited.

| The minimal committed overheads will be borne or financed by Studio Graphene Limited and the director has the expectation that Studio Graphene Limited will have sufficient liquidity to provide this support where necessary for the year following the approval of these financial statements, based on the stress tested and forward-looking forecasts performed at Studio Graphene Limited level.

| In arriving at this conclusion, the director has taken into account contracted revenues in the context of fixed overheads and inflationary pressure. He has further considered that certain business development and growth expenditure can be delayed if necessary in order to preserve liquidity, such that there will not be any requirement for further fundraising activity in this time period.

| Taking all of these factors into account, the director believes that Studio Graphene Limited will have the necessary resources to meet its obligations for 12 months from the date of approval of these financial statements, including the provision of support where required to the Company, and on this basis the director believes the going concern basis of accounting to be appropriate. The director does not consider that there is a material uncertainty with regard to going concern at the date of approval.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Share-based payments

| Where equity instruments are awarded to employees, the fair value of the instruments at the date of grant is charged to profit or loss over the vesting period, with the charge recognised by the entity to which the employees' services are rendered. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of instruments that eventually vest. Market vesting conditions are factored into the fair value of the instruments granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

| The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).

| Where the terms and conditions of instruments are modified before they vest, the increase in the fair value of the instruments, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period, with the charge recognised by the entity to which the employees' services are rendered.

| Where equity instruments are granted to persons other than employees, profit or loss of the entity which received the goods or services is charged with fair value of goods and services received.

| As all instruments awarded by the Company were issued to employees or consultants of its wholly owned subsidiary, Studio Graphene Limited, the share-based payment charge is recognised by the Company as an uplift in the value of its investment in Studio Graphene Limited.

| Studio Graphene Holdings Limited (Registered number: 13095762) |

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 1 (2024 - 1 ) .

4. | Fixed asset investments

Shares in |

group |

undertakings |

| £

| Cost

| At 1 January 2025

| and 31 December 2025 | 80,624 |  |

| Net book value

| At 31 December 2025 | 80,624 |  |

| At 31 December 2024 | 80,624 |  |

| Subsidiary undertakings

| The following were subsidiary undertakings of the Company:

| Name |  | Class of shares |  | Holding |  |

| Studio Graphene Limited |  | Ordinary |  | 100% |  |

| Studio Graphene Private Limited (India)* |  | Ordinary |  | 99% |  |

| Studio of Better Things Lisbon, Unipessoal Lda. (Portugal)* |  | Ordinary |  | 100% |  |

| *indirectly held subsidiaries

| Studio Graphene Limited is a private Company incorporated in England and Wales.The address of the registered office is Working From, 32 Blackfriars Road, London, SEA 8PB. The principal activity of the company is that of digital product design, application development and loT solutions.

| Studio Graphene Private Limited (India) is a private Company incorporated in India. The address of the registered office is Tower D, 9th Floor, Unhitch Cyder Park, Sector 39, Gurdwara, Hayrack 122002. The Company's principal activity is that of Digital product design, application development and loT solutions.

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

2025 | 2024 |

| £ | £

| Other debtors | 290 |  | - |  |

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

2025 | 2024 |

| £ | £

| Amounts owed to group undertakings | 40,148 |  | 33,376 |  |

| Other creditors | 3,000 |  | 2,600 |  |

43,148 |  | 35,976 |  |

| Studio Graphene Holdings Limited (Registered number: 13095762) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

7. | Called up share capital

| Allotted, issued and fully paid:

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

value: |  | £ | £

| 1,054,800 | Ordinary | £0.0001 | 105 |  | 105 |  |

| 151,380 | VV shares | £0.0001 | 15 |  | 15 |  |

120 |  | 120 |  |

8. | Related party disclosures

| 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.

9. | Ultimate controlling party

| Mr R Gandhi is the ultimate controlling party in his role as majority shareholder and sole director of the Company.