REGISTERED NUMBER: 14205567 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2025

for

REVOLVEX GROUP LIMITED

Page

Company Information

1

Report of the Director

2

Balance Sheet

6

Notes to the Financial Statements

8

Certified Accountants' Report

16

DIRECTOR:

P A Crossman

REGISTERED OFFICE:

Unit 10 Silverglade Business Park

Leatherhead Road

Chessington

KT9 2QL

REGISTERED NUMBER:

14205567 (England and Wales)

ACCOUNTANTS:

A W Associates

Regus, Building 2

Guildford Business Park Road

Guildford

Surrey

GU2 8XG

The director presents his report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITIES

Revolvex Group operates at the intersection of technology distribution and the circular economy, delivering integrated lifecycle solutions across the distribution, recovery, refurbishment and resale of mobile devices and accessories.

The Group's model is designed to extend product life, reduce electronic waste and unlock maximum value for partners across global supply chains, positioning Revolvex as a trusted and progressive operator within the technology ecosystem.

REVIEW OF BUSINESS

2025 has been a pivotal year, defined by transformation, clarity of direction and strengthened foundations for growth.

Following the successful restructuring completed in December 2024, the Group has simplified its operating model and aligned behind a clear strategic vision. This has created a more agile, focused and scalable platform capable of delivering sustainable long term value.

Key milestones during the year included the simplification of the Group structure, a full rebrand to better reflect purpose and positioning, and successful refinancing to support future growth ambitions.

Operationally, Revolvex has continued to evolve as a fully integrated circular technology platform, combining distribution capability with recovery and reuse services to create value across the entire product lifecycle.

This progress has been driven by:

- Expansion of strategic partnerships across brands, networks and enterprise;

- Continued investment in systems, data and operational capability;

- Strong focus on compliance, quality and disciplined execution.

The Group has also reinforced its commitment to responsible growth, achieving full compliance across all accreditation bodies. Notably, B Corp recertification saw a significant improvement in score from 89.3 to 115.4, alongside the achievement of EcoVadis accreditation, further strengthening its ESG credentials and market differentiation.

Performance of Subsidiaries

Relove Technology Limited

Relove Technology continues to lead the Group's circular economy strategy, delivering both commercial performance and measurable impact.

- Sales revenue increased significantly, supported by improved operational discipline;

- International footprint strengthened, with particular momentum across North America and Canada;

- Market position across Western Europe rebuilt and stabilised;

- Strategic partnership secured with Samsung following a competitive tender process;

- Multiyear partnership agreement secured with Virgin Media O2;

- Ongoing development of relationships with global manufacturers including HMD Global, TCL Technology and Motorola.

Alongside commercial progress, the business continues to deliver social value through partnerships with public and third sector organisations, supporting large scale device recovery and redistribution initiatives.

Genuine Solutions Distribution

Genuine Solutions has delivered resilient and controlled growth, strengthening its position as a value led distribution partner.

- Sales showed growth during a period of strategic consolidation;

- Expansion into new markets alongside deepening of existing customer relationships;

- Partnerships secured with major retailers including Rymans, TK Maxx and Argos;

- Investment in commercial capability to support future scale.

The business has also progressed its e-commerce capability, with launch planned for 2026, creating an additional growth channel and enhancing customer reach.

FUTURE DEVELOPMENTS

The Group enters 2026 with strong momentum and a clear roadmap for continued growth.

Key priorities include:

- Enhancing customer experience across all channels;

- Launching the Group's e-commerce platform;

- Expanding strategic partnerships across brands, networks and enterprise;

- Strengthening leadership capability and organisational effectiveness;

- Leveraging artificial intelligence and data to drive operational performance and customer insight.

In parallel, the Group will continue to invest in its people, infrastructure and strategic capabilities to support these objectives. It will also undertake a number of brand and strategic initiatives, including its sponsorship of the Chelsea Flower Show and the celebration of its 20 year milestone, which will be marked by an event at the Houses of Parliament, reinforcing its position as a forward thinking and purpose led organisation.

DIRECTOR

P A Crossman held office during the whole of the period from 1 January 2025 to the date of this report.

SUSTAINABILITY AND PURPOSE

Sustainability sits at the core of the Revolvex model, shaping how the Group operates and grows. As a certified B Corp organisation, it upholds high standards of social and environmental performance, accountability and transparency, reflecting a clear commitment to being a responsible and purpose driven business.

At its heart, Revolvex leads with intent, building a network of forward thinking brands and solutions that prioritise people, planet and long term progress. Through this approach, the Group extends the lifecycle of technology, reduces electronic waste and delivers measurable impact, creating a lasting legacy that goes beyond its immediate operations and continues to differentiate the business over the long term.

PRINCIPAL RISKS AND UNCERTAINTIES

The Group operates within a dynamic and fast evolving sector, influenced by technological advancement, pricing volatility and changing customer demand.

Risk is actively managed through:

- Strong supply chain and inventory controls;

- Continued investment in systems and infrastructure;

- Disciplined operational processes;

- A strengthened financial and organisational structure.

These measures ensure the Group remains resilient, responsive and well positioned to capitalise on emerging opportunities.

ON BEHALF OF THE BOARD

The Director and Senior Leadership Team believe that Revolvex Group is strongly positioned for the future.

With a clear strategy, strengthened foundations and a disciplined focus on growth, the Group is building a business that not only delivers sustainable financial performance, but also creates lasting environmental and social impact.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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

ON BEHALF OF THE BOARD:

P A Crossman - Director

8 May 2026

FIXED ASSETS

Tangible assets

4

113,293

151,994

Investments

5

1,880,472

1,880,472

1,993,765

2,032,466

CURRENT ASSETS

Debtors

6

284,396

663,144

Cash at bank and in hand

26,113

3,546

310,509

666,690

CREDITORS

Amounts falling due within one year

7

562,719

445,382

NET CURRENT (LIABILITIES)/ASSETS

(252,210

)

221,308

TOTAL ASSETS LESS CURRENT LIABILITIES

1,741,555

2,253,774

CREDITORS

Amounts falling due after more than one year

8

1,064,354

1,576,573

NET ASSETS

677,201

677,201

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

210,281

210,281

Retained earnings

466,820

466,820

677,201

677,201

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 May 2026 and were signed by:

P A Crossman - Director

1.	STATUTORY INFORMATION

Revolvex Group Limited (formerly known as Genuine Sustainable Futures 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.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating the impairment in the investments. Management have prepared detailed forecasts to assess the future performance of the subsidiary however these are inherently uncertain as they are predictions of future performance.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when the asset is disposed of.

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.

Land and buildings

-

25% on cost

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment.

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit and loss account. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit and loss account.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit and loss account. They are subsequently measured at fair value with changes in the profit and loss account.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit and loss account. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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.

Going concern

The Financial Statements have been prepared on the going concern basis. This basis is considered appropriate by the Directors.

The business model is for the company to be profit neutral and this was achieved in the year ended 31 December 2025, in the previous year the company made a loss of £ 285k and had net assets of £677k.

The directors consider the business to be a going concern due to the profitability of the subsidiaries.

During the latter part of 2024 the Directors undertook a detailed strategic review of the Group that existed at that time. As a result of this and following detailed analysis, it was concluded that a formal restructuring process was in the best long-term interests of the Group. The Group’s main trading company entered administration at the beginning of 2025. In conjunction with this certain legacy liabilities were effectively removed and shareholders loans were renegotiated to provide a time frame to allow the group to trade effectively and profitably.

In the period since April 2024 the Group’s principal shareholder has introduced some £1.6m of loans. The primary shareholder has confirmed support will be provided for the foreseeable future based on the cash flow forecasts prepared to date.

The directors are of the opinion that the above is sufficient to conclude the company is a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

7,315

188,410

195,725

Additions

-

1,042

1,042

At 31 December 2025

7,315

189,452

196,767

DEPRECIATION

At 1 January 2025

305

43,426

43,731

Charge for year

1,676

38,067

39,743

At 31 December 2025

1,981

81,493

83,474

NET BOOK VALUE

At 31 December 2025

5,334

107,959

113,293

At 31 December 2024

7,010

144,984

151,994

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaki

£

COST

At 1 January 2025

and 31 December 2025

1,880,472

NET BOOK VALUE

At 31 December 2025

1,880,472

At 31 December 2024

1,880,472

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

2,999

676

Amounts owed by group undertakings

124,597

447,150

Other debtors

92,615

151,133

220,211

598,959

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

64,185

64,185

Aggregate amounts

284,396

663,144

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10,821

64,983

Amounts owed to group undertakings

-

290,533

Taxation and social security

110,679

51,537

Other creditors

441,219

38,329

562,719

445,382

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

1,064,354

1,576,573

9.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

128,371

128,371

Between one and five years

224,649

353,020

353,020

481,391

10.	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.

At the end of the previous financial year two subsidiaries of the Group entered administration, this included the main trading company of the Group. In conjunction with this certain legacy liabilities were effectively removed and shareholders loan were renegotiated to provide a time frame to allow the group to trade effectively and profitably.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Revolvex Group Limited for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet and the related notes 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 accaglobal.com/rulebook.

This report is made solely to the director of Revolvex Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Revolvex Group Limited and state those matters that we have agreed to state to the director of Revolvex Group Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://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 the company and its director for our work or for this report.

It is your duty to ensure that Revolvex Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Revolvex Group Limited. You consider that Revolvex Group Limited 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 financial statements of Revolvex Group Limited. 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 financial statements.

A W Associates

Regus, Building 2

Guildford Business Park Road

Guildford

Surrey

GU2 8XG

11 May 2026