REGISTERED NUMBER: 10684049 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

ioMosaic International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr G A Melhem

Dr J C Barker

SECRETARY:

Dr G A Melhem

REGISTERED OFFICE:

16-18 Queen Square

Bath

Bath & NE Somerset

BA1 2HN

REGISTERED NUMBER:

10684049 (England and Wales)

FIXED ASSETS

Tangible assets

4

45,830

50,312

CURRENT ASSETS

Debtors

5

2,776,216

2,271,234

Cash at bank

71,672

170,399

2,847,888

2,441,633

CREDITORS

Amounts falling due within one year

6

2,135,413

1,731,482

NET CURRENT ASSETS

712,475

710,151

TOTAL ASSETS LESS CURRENT LIABILITIES

758,305

760,463

PROVISIONS FOR LIABILITIES

6,148

5,144

NET ASSETS

752,157

755,319

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

742,157

745,319

752,157

755,319

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 Board of Directors and authorised for issue on 12 May 2026 and were signed on its behalf by:

Dr J C Barker - Director

1.	STATUTORY INFORMATION

ioMosaic International 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on straight line basis

Fixtures and fittings

-

over period of lease

Computer equipment

-

33% on straight line basis

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

19,450

65,773

86,117

171,340

Additions

-

2,200

9,367

11,567

At 31 December 2025

19,450

67,973

95,484

182,907

DEPRECIATION

At 1 January 2025

10,027

30,356

80,645

121,028

Charge for year

1,945

7,090

7,014

16,049

At 31 December 2025

11,972

37,446

87,659

137,077

NET BOOK VALUE

At 31 December 2025

7,478

30,527

7,825

45,830

At 31 December 2024

9,423

35,417

5,472

50,312

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

165,627

23,803

Amounts owed by group undertakings

2,565,715

2,182,427

Other debtors

315

315

VAT

6,805

5,489

Prepayments and accrued income

1,872

23,318

2,740,334

2,235,352

Amounts falling due after more than one year:

Other debtors

35,882

35,882

Aggregate amounts

2,776,216

2,271,234

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,818

25,117

Amounts owed to group undertakings

2,050,068

1,535,182

Tax

-

56,596

Social security and other taxes

26,760

41,707

Other creditors

5,827

5,064

Accruals and deferred income

49,940

67,816

2,135,413

1,731,482

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

61,152

62,505

Between one and five years

86,286

147,438

147,438

209,943

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

The Report of the Auditors was unqualified.

Martin Longmore (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

9.	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.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr Georges Melhem.

The ultimate parent company is IoMosaic Corporation, a company registered in the USA. Copies of the financial statements of IoMosaic Corporation may be obtained from:-

93 Stiles Road

Salem

New Hampshire 03079

USA