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REGISTERED NUMBER: 13610180 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

GALLOS TECHNOLOGIES LIMITED

GALLOS TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13610180) |

Contents of the Financial Statements

for the year ended 30 September 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| GALLOS TECHNOLOGIES LIMITED |

Company Information

for the year ended 30 September 2025

| Directors: | J Burch

| S Collins

| D Jones

| Registered office: | 3rd Floor

| 86-90 Paul Street

| London

| EC2A 4NE

| Registered number: | 13610180 (England and Wales)

GALLOS TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13610180) |

Balance Sheet

30 September 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

Fixed assets

Intangible assets | 4 | - |  | 971,938 |  |

Tangible assets | 5 | 26,803 |  | 49,942 |  |

Investments | 6 | 4,299,562 |  | 2,564,641 |  |

4,326,365 |  | 3,586,521 |  |

Current assets

Debtors | 7 | 761,065 |  | 654,361 |  |

Cash at bank | 2,940,745 |  | 4,006,384 |  |

3,701,810 |  | 4,660,745 |  |

Creditors

Amounts falling due within one year | 8 | 171,654 |  | 10,180,176 |  |

Net current assets/(liabilities) | 3,530,156 |  | (5,519,431 | ) |

Total assets less current liabilities | 7,856,521 |  | (1,932,910 | ) |

Capital and reserves

Called up share capital | 10 | 334 |  | 212 |  |

Share premium | 11 | 19,178,852 |  | 5,420,938 |  |

Retained earnings | 11 | (11,322,665 | ) | (7,354,060 | ) |

Shareholders' funds | 7,856,521 |  | (1,932,910 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 14 May 2026 and were signed on its behalf by:

J Burch - Director

D Jones - Director

GALLOS TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13610180) |

Notes to the Financial Statements

for the year ended 30 September 2025

1. | Statutory information

| Gallos Technologies 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.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| Going concern

| The financial statements have been prepared on a going concern basis. At the time of approving the financial statements. the Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

| Preparation of consolidated financial statements

| The financial statements contain information about Gallos Technologies 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.

| Related party exemption

| 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.

| Turnover

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

| Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

| Intangible assets other than goodwill

| Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

| Computer software is not amortised as currently under development.

| Tangible fixed assets

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

| Plant and machinery | - | 33% on cost

| Fixtures and fittings | - | 33% on cost

| Computer equipment | - | 33% on cost

| Investments in subsidiaries

| Interests in subsidiaries and associates are initially measured as cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses are recognised immediately in profit or loss.

| A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from it's activities.

| An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has a significant influence where it has the power to participate in the financial and operating decisions of the associate.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

GALLOS TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13610180) |

Notes to the Financial Statements - continued

for the year ended 30 September 2025

2. | Accounting policies - continued

| 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 9 (2024 - 12 ) .

4. | Intangible fixed assets

Computer |

software |

| £

| Cost

| At 1 October 2024 | 971,938 |  |

| Additions | 434,697 |  |

| Disposals | (1,406,635 | ) |

| At 30 September 2025 | - |  |

| Net book value

| At 30 September 2025 | - |  |

| At 30 September 2024 | 971,938 |  |

| During the financial year, Gallos Technologies Limited disposed of intangible assets with an aggregate cost of £1,406,635 to StirlingX Limited, its subsidiary. The transaction was completed at cost, with consideration wholly satisfied by the allotment of shares in StirlingX Limited.

GALLOS TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13610180) |

Notes to the Financial Statements - continued

for the year ended 30 September 2025

5. | Tangible fixed assets

Fixtures |

Plant and | and | Computer |

machinery | fittings | equipment | Totals |

| £ | £ | £ | £

| Cost

| At 1 October 2024 | 21,799 |  | 23,673 |  | 29,705 |  | 75,177 |  |

| Additions | - |  | - |  | 2,660 |  | 2,660 |  |

| At 30 September 2025 | 21,799 |  | 23,673 |  | 32,365 |  | 77,837 |  |

| Depreciation

| At 1 October 2024 | 8,412 |  | 7,202 |  | 9,621 |  | 25,235 |  |

| Charge for year | 7,265 |  | 7,890 |  | 10,644 |  | 25,799 |  |

| At 30 September 2025 | 15,677 |  | 15,092 |  | 20,265 |  | 51,034 |  |

| Net book value

| At 30 September 2025 | 6,122 |  | 8,581 |  | 12,100 |  | 26,803 |  |

| At 30 September 2024 | 13,387 |  | 16,471 |  | 20,084 |  | 49,942 |  |

6. | Fixed asset investments

Shares in |

group | Unlisted |

undertakings | investments | Totals |

| £ | £ | £

| Cost

| At 1 October 2024 | 85 |  | 2,564,556 |  | 2,564,641 |  |

| Additions | 5,399 |  | 1,729,522 |  | 1,734,921 |  |

| At 30 September 2025 | 5,484 |  | 4,294,078 |  | 4,299,562 |  |

| Net book value

| At 30 September 2025 | 5,484 |  | 4,294,078 |  | 4,299,562 |  |

| At 30 September 2024 | 85 |  | 2,564,556 |  | 2,564,641 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiaries

| StirlingX Limited (previously Gallos Technologies Subsidiary 1)

| Registered office: 3rd Floor, 86-90 Paul Street, London, England, EC2A 4NE

| Nature of business: IT consultancy activities

% |

| Class of shares: | holding |

| Ordinary shares | 77.06 |

| Series A Preferred shares | 70.30 |

| Gallos Technologies Subsidiary 2 Limited

| Registered office: 3rd Floor, 86-90 Paul Street, London, England, EC2A 4NE

| Nature of business: IT consultancy activities

% |

| Class of shares: | holding |

| Ordinary shares | 100.00 |

GALLOS TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13610180) |

Notes to the Financial Statements - continued

for the year ended 30 September 2025

6. | Fixed asset investments - continued

| Gallos Technologies Subsidiary 3 Limited

| Registered office: 3rd Floor, 86-90 Paul Street, London, England, EC2A 4NE

| Nature of business: IT consultancy activities

% |

| Class of shares: | holding |

| Ordinary shares | 100.00 |

| Gallos Technologies Subsidiary 4 Limited

| Registered office: 3rd Floor, 86-90 Paul Street, London, England, EC2A 4NE

| Nature of business: IT consultancy activities

% |

| Class of shares: | holding |

| Ordinary shares | 100.00 |

| Gallos Technologies US Inc (USA)

| Registered office: USA (Delaware)

| Nature of business: IT consultancy activities

% |

| Class of shares: | holding |

| Ordinary shares | 100.00 |

| Joint venture

| Gallos Sabre LLP

| Registered office: 3rd Floor, 86-90 Paul Street, London, England, EC2A 4NE

| Nature of business: Special purpose vehicle

% |

| Class of shares: | holding |

| Ordinary | 50.00 |

| Associated companies

| The Portfolio Collective Ltd

| Registered office: United Kingdom

| Nature of business: Activities of business & employees membership

% |

| Class of shares: | holding |

| Ordinary | 1.00 |

| Alchem Technologies Ltd

| Registered office: United Kingdom

| Nature of business: Information technology consultancy

% |

| Class of shares: | holding |

| Ordinary | 20.00 |

| ContraForce Group Inc

| Registered office: USA (Texas)

| Nature of business: IT security services

% |

| Class of shares: | holding |

| Ordinary | 4.91 |

| AIScore Limited

| Registered office: 3rd Floor, 86-90 Paul Street, London, England, EC2A 4NE

| Nature of business: Information technology service activities

% |

| Class of shares: | holding |

| Ordinary | 49.00 |

GALLOS TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13610180) |

Notes to the Financial Statements - continued

for the year ended 30 September 2025

7. | Debtors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Amounts owed by group undertakings | 543,265 |  | 324,178 |  |

| Other debtors | 217,800 |  | 330,183 |  |

761,065 |  | 654,361 |  |

8. | Creditors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Trade creditors | 37,173 |  | 149,172 |  |

| Amounts owed to group undertakings | 106,923 |  | - |  |

| Other creditors | 27,558 |  | 10,031,004 |  |

171,654 |  | 10,180,176 |  |

| Included within Other Creditors is an amount of £6,970 (2024: £10,000,000) relating to Convertible Loan Notes. During the period, an amount of £9,992,037 was repaid.

9. | Leasing agreements

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

2025 | 2024 |

| £ | £

| Within one year | 291,120 |  | 291,120 |  |

| Between one and five years | 194,080 |  | 194,080 |  |

485,200 |  | 485,200 |  |

10. | Called up share capital

| Allotted, issued and fully paid:

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

value: |  | £ | £

| 33,404 | Ordinary shares | £0.01 | 334 |  | 212 |  |

| Cash at premium

| 12,233 Ordinary shares of £0.01 for £816.81.

11. | Reserves

Retained | Share |

earnings | premium | Totals |

| £ | £ | £

| At 1 October 2024 | (7,354,060 | ) | 5,420,938 |  | (1,933,122 | ) |

| Deficit for the year | (3,968,605 | ) | (3,968,605 | ) |

| Cash share issue | - |  | 13,757,914 |  | 13,757,914 |  |

| At 30 September 2025 | (11,322,665 | ) | 19,178,852 |  | 7,856,187 |  |