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Registration number: 09540297

Kirontech UK Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2025

Kirontech UK Ltd

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6 to 7
Statement of Changes in Equity | 8
Notes to the Unaudited Financial Statements | 9 to 16

Kirontech UK Ltd

Company Information

Directors | Mr Omar Rene Chebli Mr Demetri Dinopoulos

Registered office | 9 Hills Road Cambridge England CB2 1GE

Accountants | Wilton Lyndon Limited Chartered Certified Accountants5 Ducketts Wharf South Street Bishop's Stortford Hertfordshire CM23 3AR

Kirontech UK Ltd

Directors' Report for the Year Ended 31 December 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr Omar Rene Chebli

Mr Demetri Dinopoulos

Principal activity

The principal activity of the company is the provision of specifically develpoed software to healthcare providers, in order to collate and analyse data.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 29 April 2026 and signed on its behalf by:

......................................... Mr Omar Rene Chebli Director
......................................... Mr Demetri Dinopoulos Director

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Kirontech UK Ltd
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kirontech UK Ltd for the year ended 31 December 2025 as set out on pages 4 to 16 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Kirontech UK Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Kirontech UK Ltd and state those matters that we have agreed to state to the Board of Directors of Kirontech UK Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kirontech UK Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Kirontech UK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Kirontech UK Ltd. You consider that Kirontech UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Kirontech UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Wilton Lyndon Limited
Chartered Certified Accountants
5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

29 April 2026

Kirontech UK Ltd

Profit and Loss Account for the Year Ended 31 December 2025

| Note | 2025 £ | 2024 £
Turnover |  | 822,787 | 829,546
Cost of sales |  | (661,260) | (227,861)
Gross profit |  | 161,527 | 601,685
Administrative expenses |  | (1,548,897) | (2,019,186)
Operating loss |  | (1,387,370) | (1,417,501)
Other interest receivable and similar income |  | 3,721 | 5,233
Interest payable and similar expenses |  | (21,066) | (14,956)
|  | (17,345) | (9,723)
Loss before tax | 5 | (1,404,715) | (1,427,224)
Tax on loss |  | 220,499 | 339,672
Loss for the financial year |  | (1,184,216) | (1,087,552)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Kirontech UK Ltd

Statement of Comprehensive Income for the Year Ended 31 December 2025

| 2025 £ | 2024 £
Loss for the year | (1,184,216) | (1,087,552)
Total comprehensive income for the year | (1,184,216) | (1,087,552)

Kirontech UK Ltd

(Registration number: 09540297)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 6 | 2,564 | 11,517
Tangible assets | 7 | 14,428 | 46,336
|  | 16,992 | 57,853
Current assets |  |  |
Debtors | 8 | 579,536 | 598,321
Cash at bank and in hand |  | 92,307 | 750,584
|  | 671,843 | 1,348,905
Creditors: Amounts falling due within one year | 9 | (4,271,078) | (4,188,217)
Net current liabilities |  | (3,599,235) | (2,839,312)
Total assets less current liabilities |  | (3,582,243) | (2,781,459)
Creditors: Amounts falling due after more than one year | 9 | - | (3,333)
Net liabilities |  | (3,582,243) | (2,784,792)
Capital and reserves |  |  |
Called up share capital | 10 | 370 | 370
Share premium reserve |  | 3,505,838 | 3,505,838
Other reserves |  | - | 2,885,436
Retained earnings |  | (7,088,451) | (9,176,436)
Shareholders' deficit |  | (3,582,243) | (2,784,792)

Kirontech UK Ltd

(Registration number: 09540297)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 29 April 2026 and signed on its behalf by:

......................................... Mr Omar Rene Chebli Director
......................................... Mr Demetri Dinopoulos Director

Kirontech UK Ltd

Statement of Changes in Equity for the Year Ended 31 December 2025

| Share capital £ | Share premium £ | Other reserves £ | Retained earnings £ | Total £
At 1 January 2025 | 370 | 3,505,838 | 2,885,436 | (9,176,436) | (2,784,792)
Prior period adjustment | - | - | - | 386,765 | 386,765
At 1 January 2025 (As restated) | 370 | 3,505,838 | 2,885,436 | (8,789,671) | (2,398,027)
Loss for the year | - | - | - | (1,184,216) | (1,184,216)
Transfers | - | - | - | 2,885,436 | 2,885,436
Other movements on reserves | - | - | (2,885,436) | - | (2,885,436)
At 31 December 2025 | 370 | 3,505,838 | - | (7,088,451) | (3,582,243)

| Share capital £ | Share premium £ | Other reserves £ | Retained earnings £ | Total £
At 1 January 2024 | 370 | 3,505,838 | 2,885,436 | (8,088,884) | (1,697,240)
Loss for the year | - | - | - | (1,087,552) | (1,087,552)
At 31 December 2024 | 370 | 3,505,838 | 2,885,436 | (9,176,436) | (2,784,792)

Kirontech UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Hills Road
Cambridge
CB2 1GE
England

These financial statements were authorised for issue by the Board on 29 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have given consideration to the fact that the company continues to make an operating loss and is in a net liability position. The company has continued to build on its existing client relationships to secure long term projects, as well as working diligently towards forming and maintaining new client relationships. The company expects to add new customers in 2025 while maintaining the existing client pipeline. The company will also claim R&D tax credits.
As, under the company's current plans, the company's cash income is not expcted to cover the company's cash outflows for the next 12 months, the company is currently reliant on financial support from its parent company, Kirontech UK Holding Ltd, which, in turn, is reliant on obtaining additional financing in order to continue to provide support to the company so it can meet its current objectives. If this additional financing is not obtained, the company has a contingency plan in place which would enable it to service its existing contracts. The directors are confident that this additional financing can be raised and even in the worst case scenario do not consider there to be a material uncertainty in relation to going concern.
Therefore, the financial statements have been prepared on a going concern basis.

Kirontech UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

The company's functional and presentational currency is GBP.
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 20% on cost
Computer equipment | 20% on cost

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Kirontech UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Asset class | Amortisation method and rate
Computer software | 20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Kirontech UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2024 - 18).

4 | Auditors' remuneration

| 2025 £ | 2024 £
Audit of the financial statements | 37,000 | 33,240

5 | Loss before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 18,990 | 18,640
Amortisation expense | 7,568 | 7,569

Kirontech UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6 | Intangible assets

| Computer software £ | Total £
Cost or valuation
At 1 January 2025 | 37,844 | 37,844
Disposals | (23,933) | (23,933)
At 31 December 2025 | 13,911 | 13,911
Amortisation
At 1 January 2025 | 26,327 | 26,327
Amortisation charge | 7,568 | 7,568
Amortisation eliminated on disposals | (22,548) | (22,548)
At 31 December 2025 | 11,347 | 11,347
Carrying amount
At 31 December 2025 | 2,564 | 2,564
At 31 December 2024 | 11,517 | 11,517

Kirontech UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7 | Tangible assets

| Fixtures and fittings £ | Computer equipment £ | Total £
Cost or valuation
At 1 January 2025 | 65,293 | 100,433 | 165,726
Additions | - | 6,201 | 6,201
Disposals | (65,293) | (72,781) | (138,074)
At 31 December 2025 | - | 33,853 | 33,853
Depreciation
At 1 January 2025 | 44,203 | 75,187 | 119,390
Charge for the year | 8,750 | 10,240 | 18,990
Eliminated on disposal | (52,953) | (66,002) | (118,955)
At 31 December 2025 | - | 19,425 | 19,425
Carrying amount
At 31 December 2025 | - | 14,428 | 14,428
At 31 December 2024 | 21,090 | 25,246 | 46,336

Kirontech UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 54,543 | (21,551)
Amounts owed by related parties |  | 16,996 | -
Prepayments |  | 4,880 | 35,929
Other debtors |  | 503,117 | 583,943
|  | 579,536 | 598,321

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 11 | 3,333 | 10,000
Trade creditors |  | 27,667 | 73,355
Amounts owed to group undertakings |  | 4,055,239 | 3,943,878
Taxation and social security |  | 54,681 | -
Accruals and deferred income |  | 121,869 | 36,681
Other creditors |  | 8,289 | 124,303
|  | 4,271,078 | 4,188,217

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 11 | - | 3,333

Kirontech UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 370 | 370 | 370 | 370

11 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 3,333

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 3,333 | 10,000

12 | Relationship between entity and parents

The parent of the smallest group in which these financial statements are consolidated is Kirontech UK Holding Ltd, incorporated in England and Wales.

The address of Kirontech UK Holding Ltd is:
4 Wellington Court, Wellington Street, Cambridge, CB1 1HZ