REGISTERED NUMBER: 08707641 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

INTELLISENSE.IO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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$

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 ) .

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

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.

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

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.