BrightAccountsProduction v1.0.0 v1.0.0 2024-08-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is that of business and domestic software development. 27 February 2026 0 0 NI638801 2025-07-31 NI638801 2024-07-31 NI638801 2023-07-31 NI638801 2024-08-01 2025-07-31 NI638801 2023-08-01 2024-07-31 NI638801 uk-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 NI638801 uk-curr:PoundSterling 2024-08-01 2025-07-31 NI638801 uk-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 NI638801 uk-bus:FullAccounts 2024-08-01 2025-07-31 NI638801 uk-bus:Director1 2024-08-01 2025-07-31 NI638801 uk-bus:Director2 2024-08-01 2025-07-31 NI638801 uk-bus:Director3 2024-08-01 2025-07-31 NI638801 uk-bus:RegisteredOffice 2024-08-01 2025-07-31 NI638801 uk-bus:Agent1 2024-08-01 2025-07-31 NI638801 uk-core:ShareCapital 2025-07-31 NI638801 uk-core:ShareCapital 2024-07-31 NI638801 uk-core:SharePremium 2025-07-31 NI638801 uk-core:SharePremium 2024-07-31 NI638801 uk-core:RetainedEarningsAccumulatedLosses 2025-07-31 NI638801 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 NI638801 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-07-31 NI638801 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-07-31 NI638801 uk-bus:FRS102 2024-08-01 2025-07-31 NI638801 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-08-01 2025-07-31 NI638801 uk-core:FurnitureFittingsToolsEquipment 2024-08-01 2025-07-31 NI638801 uk-core:OtherPropertyPlantEquipment 2024-08-01 2025-07-31 NI638801 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-07-31 NI638801 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-31 NI638801 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-01 2025-07-31 NI638801 uk-core:CurrentFinancialInstruments 2025-07-31 NI638801 uk-core:CurrentFinancialInstruments 2024-07-31 NI638801 uk-core:WithinOneYear 2025-07-31 NI638801 uk-core:WithinOneYear 2024-07-31 NI638801 uk-core:WithinOneYear 2025-07-31 NI638801 uk-core:WithinOneYear 2024-07-31 NI638801 uk-core:AfterOneYear 2025-07-31 NI638801 uk-core:AfterOneYear 2024-07-31 NI638801 uk-core:BetweenOneTwoYears 2025-07-31 NI638801 uk-core:BetweenOneTwoYears 2024-07-31 NI638801 uk-core:BetweenTwoFiveYears 2025-07-31 NI638801 uk-core:BetweenTwoFiveYears 2024-07-31 NI638801 uk-core:MoreThanFiveYears 2025-07-31 NI638801 uk-core:MoreThanFiveYears 2024-07-31 NI638801 uk-core:EmployeeBenefits 2024-07-31 NI638801 uk-core:EmployeeBenefits 2024-08-01 2025-07-31 NI638801 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-07-31 NI638801 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-07-31 NI638801 uk-core:OtherDeferredTax 2025-07-31 NI638801 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-07-31 NI638801 uk-core:EmployeeBenefits 2025-07-31 NI638801 2024-08-01 2025-07-31 NI638801 uk-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 xbrli:pure iso4217:GBP xbrli:shares

Humain Limited

Unaudited Financial Statements

for the financial year ended 31 July 2025

Humain Limited

DIRECTORS AND OTHER INFORMATION

Directors | Mr. John G Maguire
| Mr. Conor Walsh
| Mr. Colin Walsh
Company Registration Number | NI638801
Registered Office and Business Address | 18-24 Corn Market
| Belfast
| BT1 4DD
Accountants | Muldoon
| 16 Mount Charles
| Belfast
| BT7 1NZ
Bankers | Barclays Bank PLC
| 17 Castle Place
| Belfast
| BT1 1EL
| Revolut Ltd
| 7 Westferry Circus
| London
| E14 4HD
| Monzo Bank Limited
| Broadwalk House, 5 Appold Street
| London
| EC2A 2AG

Humain Limited

Company Registration Number: NI638801

BALANCE SHEET

as at 31 July 2025

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

Intangible assets |  | 4 | 113,308 |  | 138,392
Tangible assets |  | 5 | 43,048 |  | 42,609
|  |  | ───────── |  | ─────────
Fixed Assets |  |  | 156,356 |  | 181,001
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  | 6 | 240,928 |  | 298,385
Cash and cash equivalents |  |  | 822,497 |  | 1,392,452
|  |  | ───────── |  | ─────────
|  |  | 1,063,425 |  | 1,690,837
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 7 | (34,625) |  | (79,279)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 1,028,800 |  | 1,611,558
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 1,185,156 |  | 1,792,559
Creditors:

amounts falling due after more than one year |  | 8 | (12,765) |  | (15,158)
Provisions for liabilities |  | 10 | (10,764) |  | (10,653)
Government grants |  | 12 | (51,000) |  | (61,000)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 1,110,627 |  | 1,705,748
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 1,876 |  | 1,876
Share premium account |  | 13 | 870,691 |  | 870,691
Retained earnings |  |  | 238,060 |  | 833,181
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 1,110,627 |  | 1,705,748
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

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 July 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 27 February 2026 and signed on its behalf by

________________________________ |  |  |  |  |
Mr. John G Maguire |  |  |  |  |
Director |  |  |  |  |
________________________________

Mr. Conor Walsh

Director

Humain Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 July 2025

1. | General Information
| Humain Limited is a private company limited by shares incorporated in Northern Ireland. The registered office of the company is 18-24 Corn Market, Belfast, BT1 4DD, Northern Ireland which is also the principal place of business of the company. The principal activity is that of business and domestic software development. 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 year ended 31 July 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and 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. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover represents the total invoice value, excluding value added tax, of sales made during the year. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
| Intangible assets
| Intangible assets are valued at cost less accumulated amortisation.
| Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 10 years.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. 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:
|  | Fixtures and fittings | - | 25% Straight line
|  | Equipment | - | 33% Straight line
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| 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.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| 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.
| 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.
| Government grants
| Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
| 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.
| Pensions
| The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate.
| Research and development
| Development expenditure is written off in the same year unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Employees
| The average monthly number of employees, including directors, during the financial year was 14(2024 - 16).

4. | Intangible assets
|  | Development
|  | Costs
|  | £
| Cost
| At 1 August 2024 | 250,855
|  | ─────────
| At 31 July 2025 | 250,855
|  | ─────────
| Amortisation
| At 1 August 2024 | 112,463
| Charge for financial year | 25,084
|  | ─────────
| At 31 July 2025 | 137,547
|  | ─────────
| Net book value
| At 31 July 2025 | 113,308
|  | ═════════
| At 31 July 2024 | 138,392
|  | ═════════

5. | Tangible assets
|  | Fixtures and | Equipment | Total
|  | fittings |  |
|  | £ | £ | £
| Cost
| At 1 August 2024 | 27,180 | 135,455 | 162,635
| Additions | 3,967 | 8,659 | 12,626
|  | ───────── | ───────── | ─────────
| At 31 July 2025 | 31,147 | 144,114 | 175,261
|  | ───────── | ───────── | ─────────
| Depreciation
| At 1 August 2024 | 11,600 | 108,426 | 120,026
| Charge for the financial year | 4,726 | 7,461 | 12,187
|  | ───────── | ───────── | ─────────
| At 31 July 2025 | 16,326 | 115,887 | 132,213
|  | ───────── | ───────── | ─────────
| Net book value
| At 31 July 2025 | 14,821 | 28,227 | 43,048
|  | ═════════ | ═════════ | ═════════
| At 31 July 2024 | 15,580 | 27,029 | 42,609
|  | ═════════ | ═════════ | ═════════

6. | Debtors | 2025 | 2024
|  | £ | £
| Trade debtors | 118,399 | 52,982
| Other debtors | - | 3,561
| Deferred tax asset | 61,367 | 52,787
| Taxation (Note 9) | 24,897 | 77,261
| Prepayments and accrued income | 36,265 | 111,794
|  | ───────── | ─────────
|  | 240,928 | 298,385
|  | ═════════ | ═════════

7. | Creditors | 2025 | 2024
| Amounts falling due within one year | £ | £
| Bank loan | 1,743 | 2,393
| Trade creditors | 35,932 | 32,751
| Taxation (Note 9) | - | 21,669
| Accruals:
| Pension accrual | 2,148 | 3,275
| Other accruals | (5,198) | 19,191
|  | ───────── | ─────────
|  | 34,625 | 79,279
|  | ═════════ | ═════════

8. | Creditors | 2025 | 2024
| Amounts falling due after more than one year | £ | £
| Bank Loan | 12,765 | 15,158
|  | ═════════ | ═════════
| Repayable in one year or less, or on demand (Note 7) | 1,743 | 2,393
| Repayable between one and two years | 2,393 | 2,393
| Repayable between two and five years | 7,180 | 7,180
| Repayable in five years or more | 3,192 | 5,585
|  | ───────── | ─────────
|  | 14,508 | 17,551
|  | ═════════ | ═════════

9. | Taxation | 2025 | 2024
|  | £ | £
| Debtors:
| VAT | 12,670 | 25,233
| Corporation tax | 11,414 | 52,028
| PAYE / NI | 813 | -
|  | ───────── | ─────────
|  | 24,897 | 77,261
|  | ═════════ | ═════════
| Creditors:
| PAYE / NI | - | 21,669
|  | ═════════ | ═════════

10. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Capital | Total | Total
|  | allowances |  |
|  |  | 2025 | 2024
|  | £ | £ | £
| At financial year start | 10,653 | 10,653 | 6,010
| Charged to profit and loss | 111 | 111 | 4,643
|  | ───────── | ───────── | ─────────
| At financial year end | 10,764 | 10,764 | 10,653
|  | ═════════ | ═════════ | ═════════

11. | Pension costs - defined contribution
| 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. Pension costs amounted to £16,125 (2024 - £13,815).

12. | Government Grants Deferred | 2025 | 2024
|  | £ | £
| At 1 August 2024 | 100,000 | 100,000
|  | ───────── | ─────────
| Amortisation
| At 1 August 2024 | (39,000) | (29,000)
| Amortised in financial year | (10,000) | (10,000)
|  | ───────── | ─────────
| At 31 July 2025 | (49,000) | (39,000)
|  | ───────── | ─────────
| Net book value
| At 31 July 2025 | 51,000 | 61,000
|  | ═════════ | ═════════
| At 1 August 2024 | 61,000 | 71,000
|  | ═════════ | ═════════

13. | Reserves
| Share Premium Reserve
| The amount carried forward is the premium that arose from the issue of shares in 2018.