IRIS Accounts Production v26.1.0.640 08707641 Board of Directors 1.1.25 31.12.25 31.12.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08707641 2024-12-31 08707641 2025-12-31 08707641 2025-01-01 2025-12-31 08707641 2023-12-31 08707641 2024-01-01 2024-12-31 08707641 2024-12-31 08707641 ns15:EnglandWales 2025-01-01 2025-12-31 08707641 ns14:PoundSterling 2025-01-01 2025-12-31 08707641 ns10:Director1 2025-01-01 2025-12-31 08707641 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08707641 ns10:SmallEntities 2025-01-01 2025-12-31 08707641 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 08707641 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 08707641 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08707641 ns10:FullAccounts 2025-01-01 2025-12-31 08707641 ns10:Director2 2025-01-01 2025-12-31 08707641 ns10:Director3 2025-01-01 2025-12-31 08707641 ns10:Director4 2025-01-01 2025-12-31 08707641 ns10:RegisteredOffice 2025-01-01 2025-12-31 08707641 ns5:CurrentFinancialInstruments 2025-12-31 08707641 ns5:CurrentFinancialInstruments 2024-12-31 08707641 ns5:Non-currentFinancialInstruments 2025-12-31 08707641 ns5:Non-currentFinancialInstruments 2024-12-31 08707641 ns5:ShareCapital 2025-12-31 08707641 ns5:ShareCapital 2024-12-31 08707641 ns5:SharePremium 2025-12-31 08707641 ns5:SharePremium 2024-12-31 08707641 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-12-31 08707641 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 08707641 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 08707641 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 08707641 1 2025-01-01 2025-12-31 08707641 ns5:FurnitureFittings 2025-01-01 2025-12-31 08707641 ns5:ComputerEquipment 2025-01-01 2025-12-31 08707641 ns5:FurnitureFittings 2024-12-31 08707641 ns5:ComputerEquipment 2024-12-31 08707641 ns5:FurnitureFittings 2025-12-31 08707641 ns5:ComputerEquipment 2025-12-31 08707641 ns5:FurnitureFittings 2024-12-31 08707641 ns5:ComputerEquipment 2024-12-31 08707641 ns5:CostValuation 2024-12-31 08707641 ns5:AdditionsToInvestments 2025-12-31 08707641 ns5:CostValuation 2025-12-31 08707641 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 08707641 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 08707641 ns5:AfterOneYear ns5:Non-currentFinancialInstruments 2025-12-31 08707641 ns5:AfterOneYear ns5:Non-currentFinancialInstruments 2024-12-31 08707641 ns5:Non-currentFinancialInstruments 2025-01-01 2025-12-31 08707641 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 08707641 ns5:SharePremium 2024-12-31 08707641 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 08707641 ns5:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 08707641 ns10:Director1 1 2024-12-31 08707641 ns10:Director1 1 2023-12-31 08707641 ns10:Director1 1 2025-01-01 2025-12-31 08707641 ns10:Director1 1 2024-01-01 2024-12-31 08707641 ns10:Director1 1 2025-12-31 08707641 ns10:Director1 1 2024-12-31

REGISTERED NUMBER: 08707641 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

INTELLISENSE.IO LIMITED

INTELLISENSE.IO LIMITED (REGISTERED NUMBER: 08707641)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

INTELLISENSE.IO LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | S G Bose

| Miss T K Sandhu

| K P O'Kane

| I S H Yang

| REGISTERED OFFICE: | 7 Quy Court

| Colliers Lane

| Stow-cum-Quy

| Cambridge

| CB25 9AU

| REGISTERED NUMBER: | 08707641 (England and Wales)

| ACCOUNTANTS: | Chater Allan LLP

| Chartered Accountants

| 7 Quy Court

| Colliers Lane

| Stow-cum-Quy

| Cambridgeshire

| CB25 9AU

INTELLISENSE.IO LIMITED (REGISTERED NUMBER: 08707641)

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,837 |  | 11,740 |  |

Investments | 5 | 129,398 |  | 102,752 |  |

132,235 |  | 114,492 |  |

CURRENT ASSETS

Debtors | 6 | 3,739,708 |  | 3,691,562 |  |

Cash at bank | 59,933 |  | 5,683 |  |

3,799,641 |  | 3,697,245 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,848,099 |  | 2,038,951 |  |

NET CURRENT ASSETS | 1,951,542 |  | 1,658,294 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,083,777 |  | 1,772,786 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 2,720,902 |  | 1,965,859 |  |

NET LIABILITIES | (637,125 | ) | (193,073 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 1,730 |  | 1,718 |  |

Share premium | 10 | 10,935,748 |  | 10,809,967 |  |

Equity reserve | 10 | 109,715 |  | 66,795 |  |

Retained earnings | 10 | (11,684,318 | ) | (11,071,553 | ) |

(637,125 | ) | (193,073 | ) |

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 directors acknowledge their 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.

INTELLISENSE.IO LIMITED (REGISTERED NUMBER: 08707641)

BALANCE SHEET - continued

31 DECEMBER 2025

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 13 May 2026 and were signed on its behalf by:

S G Bose - Director

INTELLISENSE.IO LIMITED (REGISTERED NUMBER: 08707641)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Intellisense.io 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Intellisense.io Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Critical accounting judgements and key sources of estimation uncertainty

| The directors make estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are disclosed below.

| The Share Options granted, as disclosed in note 14 to the financial statements, have been valued by the directors based on the Black-Scholes model. This inevitably involves the use of assumptions and estimation techniques.

| Turnover

| Turnover is derived from the principal activity of the production and development of computer software.

| Turnover represents the value services provided, excluding value added tax.

| In line with Financial Reporting Standard 102 income has been recognised when the company obtains the right to consideration in exchange for its performance.

| Income is deferred and carried forward in creditors where the company hasn't obtained the right to consideration in exchange for its performance.

| Tangible fixed assets

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

| Office equipment | - | 33% on cost

| Computer equipment | - | 33% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. Sales invoices are raised in US$

INTELLISENSE.IO LIMITED (REGISTERED NUMBER: 08707641)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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 and financial risk management objectives and policies

| The group uses financial instruments such as cash, borrowings, equity investment instruments, receivables and payables in order to raise finance for the Group's operations. The existence of these instruments exposes the group to financial risks which are detailed below:

| Liquidity risk

| The Group seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. The Group managed to raise convertible debt investment in 2025 and took steps during the year to reduce it's cost base. This cost rationalisation is being carried forward to 2026 in addition to actively raising significant equity investment. The addition of significant new customer contracts towards the end of 2025 and into 2026 has lead to an increase of monthly recurring revenues which has further supported the cash position.

| Management continues to actively manage liquidity positions across the group with adequate support from our creditors.

| Interest risk

| The Group doesn't have any debt financing from its banking arrangements.

| The Group has a long term loan with Innovate UK on attractive terms that the Group has been servicing.

| Management doesn't consider the availability either of future debt or of profitable interest movements to be of significant risk to the business.

| Credit risk

| The principal credit risk for the Group arises from it's trade receivables. The Group's customer base is made up of large financially secure global corporations and as such credit risk is deemed low. This is demonstrated by negligible historic bad debt provisions in the Group.

| As of 31st December 2025, there were no material credit risk balances that were not provided for.

| Going concern

| The directors have considered the financial position of the company and Group, and believe it is well placed to manage its business risks successfully. The directors have a reasonable expectation that the company and Group have adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of preparation in preparing the financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 37 (2024 - 46 ) .

INTELLISENSE.IO LIMITED (REGISTERED NUMBER: 08707641)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Office |  | Computer |

| equipment |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 2,147 |  | 105,596 |  | 107,743 |  |

| Disposals | - |  | (1,905 | ) | (1,905 | ) |

| At 31 December 2025 | 2,147 |  | 103,691 |  | 105,838 |  |

| DEPRECIATION

| At 1 January 2025 | 2,021 |  | 93,982 |  | 96,003 |  |

| Charge for year | 126 |  | 8,777 |  | 8,903 |  |

| Eliminated on disposal | - |  | (1,905 | ) | (1,905 | ) |

| At 31 December 2025 | 2,147 |  | 100,854 |  | 103,001 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | 2,837 |  | 2,837 |  |

| At 31 December 2024 | 126 |  | 11,614 |  | 11,740 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| At 1 January 2025 | 102,752 |  |

| Additions | 26,646 |  |

| At 31 December 2025 | 129,398 |  |

| NET BOOK VALUE

| At 31 December 2025 | 129,398 |  |

| At 31 December 2024 | 102,752 |  |

6. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 825,031 |  | 620,561 |  |

| Other debtors | 2,841,864 |  | 3,004,489 |  |

3,666,895 |  | 3,625,050 |  |

| Amounts falling due after more than one year:

| Other debtors | 72,813 |  | 66,512 |  |

| Aggregate amounts | 3,739,708 |  | 3,691,562 |  |

INTELLISENSE.IO LIMITED (REGISTERED NUMBER: 08707641)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 226,195 |  | 321,572 |  |

| Taxation and social security | 210,894 |  | 150,907 |  |

| Other creditors | 1,411,010 |  | 1,566,472 |  |

1,848,099 |  | 2,038,951 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | 2,720,902 |  | 1,965,859 |  |

| Other creditors includes an Innovation loan and Convertible loans.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

|  | value: |  | £ |  | £ |  |

| 2,500,000 |  | A Ordinary |  | £0.0001 |  | 250 |  | 250 |  |

| 8,447,083 |  | B Ordinary |  | £0.0001 |  | 845 |  | 833 |  |

| 998,100 |  | C Preference |  | £0.0001 |  | 100 |  | 100 |  |

| 343,200 |  | D Ordinary |  | £0.0001 |  | 34 |  | 34 |  |

| 4,013,700 |  | E Ordinary |  | £0.0001 |  | 401 |  | 401 |  |

| 994,000 |  | F Preference |  | £0.0001 |  | 99 |  | 99 |  |

| 17,296,083 |  |  | £0.0001 |  | 1,730 |  | 1,718 |  |

| During the year the company issued:-

| 117,680 B Ordinary shares at par of £0.0001 were issued at a premium of various values.

| At the year end there were 17,296,083 shares in issue with a nominal value of £0.0001 each.

10. | RESERVES

| Retained |  | Share |  | Equity |

| earnings |  | premium |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 January 2025 | (11,071,553 | ) | 10,809,967 |  | 66,795 |  | (194,791 | ) |

| Deficit for the year | (612,765 | ) | (612,765 | ) |

| Cash share issue | - |  | 125,781 |  | - |  | 125,781 |  |

| Equity element of convertible

| debt | - |  | - |  | 39,802 |  | 39,802 |  |

| Share option valuation | - |  | - |  | 3,118 |  | 3,118 |  |

| At 31 December 2025 | (11,684,318 | ) | 10,935,748 |  | 109,715 |  | (638,855 | ) |

| The Equity reserve consists of share option valuations of £38,250, and equity element of convertible loan notes totalling £71,465.

INTELLISENSE.IO LIMITED (REGISTERED NUMBER: 08707641)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025 | 2024 |

£ | £ |

| S G Bose

| Balance outstanding at start of year | 152,109 |  | 174,841 |  |

| Amounts advanced | 3,417 |  | 3,667 |  |

| Amounts repaid | (451 | ) | (26,399 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 155,075 |  | 152,109 |  |

| Interest of £3,417 has been charged on the overdrawn director's current account.

12. | RELATED PARTY DISCLOSURES

| During the year the company was controlled by S G Bose by virtue of owning the majority of the issued voting share capital.

| During the year the company had the following related party transactions:-

| At the year end £15,342 was owed from AquaMW LLP, a limited liability partnership under the control of Miss T K Sandhu and S G Bose.

| Recharged costs of £101,544 from Intellisense.io SpA, a company registered in Chile that Intellisense.io Limited owns 100% of the issued share capital. At the year end £1,686,106 was owed to Intellisense.io Limited.

| Recharged costs of £39,500 from Intellisense.io Pty Ltd, a company registered in Australia that Intellisense.io Limited owns 100% of the issued share capital. At the year end £432,244 was owed to Intellisense.io Limited.

| Recharged costs of £29,249 from Intellisense.io Europe Ltd, a company registered in Ireland that Intellisense.io Limited owns 100% of the issued share capital. At the year end £291,158 was owed to Intellisense.io Limited.

| £7,102 of loans to Intellisense Lab LLP, a joint venture. The outstanding amount was fully provided for with a bad debt provision at the year end.

| £43,410 of loans to IntelliSense io ME, a company registered in Saudi Arabia that Intellisense.io Limited owns 100% of the issued share capital. At the year end £43,410 was owed to Intellisense.io Limited.

INTELLISENSE.IO LIMITED (REGISTERED NUMBER: 08707641)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

13. | SHARE-BASED PAYMENT TRANSACTIONS

| During 2016 the comp,any established an Enterprise Management Investment (EMI) Share Option Scheme. The Scheme was established to recruit, motivate and retain key permanent employees. All Option numbers below are shown post a stock split on 01 October 2021.

| At 1st January 2025, 325,016, Share Options were outstanding at an exercise price of between £0.0001 and £0.16 per B Ordinary share. During the year, 42,900 Options were granted at an exercise price of £0.09, 3,076 Options lapsed, and 107,357 were exercised between £0.0001 and £0.16. At 31st December 2025, 257,483 Share Options were outstanding at an exercise price of between £0.0001 and £0.16 per B Ordinary share.

| The EMI Options granted become exercisable as follows:-

| - 25% of the option shares from the vesting start date to and including the first anniversary of the vesting start date;

| - Up to 6.25% of the option shares for every three consecutive months from the first anniversary of the vesting start date;

| - an Option may not be exercised later than the day before the tenth anniversary of the Date of Grant.

| The Vesting Start Date in relation to any Option is the end of the employee's probationary period.

| The company also operates an unapproved share option scheme. At 1st January 2025, 882,521 Options were outstanding at an exercise price of between £0.0001 and £0.16 per B Ordinary share. During the year, 88,477 Options were granted at an exercise price of £0.09 per B Ordinary share, 70,500 Options lapsed and 74,200 Options were exercised between £0.0001 and £0.16 per B Ordinary share. At 31 December 2025, 826,298 Options were outstanding at an exercise price of between £0.0001 and £0.16 per B Ordinary share.