ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 14792035

26 DEGREES GLOBAL MARKETS (UK) LIMITED

AANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

26 DEGREES GLOBAL MARKETS (UK) LTD

COMPANY INFORMATION

Director	Gavin Charles White


Registered number	14792035


Registered office	Calder & Co
	30 Orange Street
	London
	WC2H 7HF


Independent auditors	Calders (1883) LLP
	Chartered Accountants & Statutory Auditors
	30 Orange Street
	London
	WC2H 7HF

26 DEGREES GLOBAL MARKETS (UK) LTD

CONTENTS

	Page
Director's report	1 - 2
Independent auditors' report	3 - 7
Statement of comprehensive income	8
Balance sheet	9
Statement of changes in equity	10 - 11
Notes to the financial statements	12 - 15

26 DEGREES GLOBAL MARKETS (UK) LTD

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The Director presents his report and the financial statements for the year ended 31 December 2025.

Director's responsibilities statement

The Director is responsible for preparing the Director's report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Company's financial statements and then apply them consistently;

∙make judgments 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 to 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.

Principal activity

26 Degrees Global Markets (UK) Limited provides outsourced client services, account management and operation support for the parent company 26 Degrees Global Markets as part of its 24 hour client coverage for its global client base.

Director

The Director who served during the year was:

Gavin Charles White

Disclosure of information to auditors

The Director at the time when this Director's report is approved has confirmed that:

∙so far as he is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙he has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 1

26 DEGREES GLOBAL MARKETS (UK) LTD

DIRECTOR'S REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Auditors

The auditors, Calders (1883) LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the Director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 12 May 2026 and signed on its behalf.

Gavin Charles White

Director

Page 2

26 DEGREES GLOBAL MARKETS (UK) LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 26 DEGREES GLOBAL MARKETS (UK) LTD

Opinion

We have audited the financial statements of 26 Degrees Global Markets (UK) Ltd (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Director with respect to going concern are described in the relevant sections of this report.

Page 3

26 DEGREES GLOBAL MARKETS (UK) LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 26 DEGREES GLOBAL MARKETS (UK) LTD (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The Director is responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Director's report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Director's report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of Director's remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit; or

∙the Director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Director's report and from the requirement to prepare a Strategic report.

Responsibilities of directors

As explained more fully in the Director's responsibilities statement set out on page 1, the Director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Director is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Director either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Page 4

26 DEGREES GLOBAL MARKETS (UK) LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 26 DEGREES GLOBAL MARKETS (UK) LTD (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non compliance with laws and regulations, we considered and undertook the following audit procedures in response:

• We obtained an understanding of the legal and regulatory frameworks that are applicable to the company
and determined that the most significant are those that relate to the reporting frameworks (United
Kingdom accounting standards and Companies Act 2006);
• We obtained an understanding of the nature of the industry and sector, control environment and business
performance;
• The outcome of discussions with management and those charged with governance and any matters we
identified having obtained and reviewed the company’s documentation of their policies and procedures
related to:
   - Identifying, evaluating and complying with laws and regulations and whether they were aware of
   any instances of non-compliance or any actual or potential litigation or claims;
   - Detecting and responding to the risks of fraud and whether they have knowledge of any actual,
   suspected or alleged fraud;
   - The internal controls established to mitigate risks of fraud or non-compliance with laws and
   regulations;
• The matters discussed during the audit engagement team briefing regarding how and where fraud might
occur in the financial statements and any potential indicators of fraud. All engagement team members
were advised to remain alert to any indications of fraud or non-compliance with laws and regulations
throughout the audit;
• Reviewing the financial statement disclosures and testing to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the
financial statements;
• Performing analytical procedures to identify any unusual or unexpected relationships that may indicate
risks of material misstatement due to fraud;
• Reviewing correspondence with HMRC and inspection of relevant legal correspondence;
• In addressing the risk of fraud through management override of controls, testing the appropriateness of
journal entries and other adjustments by testing manual journal entries, in particular journal entries
relating to management estimates and entries determined to be large or relating to unusual transactions;
• Assessing whether the judgements made in making accounting estimates are indicative of a potential
bias; and evaluating the business rationale of any significant transactions that are unusual or outside the
normal course of business;
• Assessment of the appropriateness of the collective competence and capabilities of the engagement
team included consideration of the engagement team’s:
   - understanding of, and practical experience with audit engagements of a similar nature and
   complexity through appropriate training and participation;
   - knowledge of the industry in which the client operates;
   - understanding of the legal and regulatory requirements specific to the company including:
• the provisions of the applicable legislation
• the applicable statutory provisions;

Page 5

26 DEGREES GLOBAL MARKETS (UK) LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 26 DEGREES GLOBAL MARKETS (UK) LTD (CONTINUED)

As a result of these procedures, we considered the opportunities and incentives that may exist within the
company for fraud and identified the greatest potential for fraud in the areas in which management is required to
exercise significant judgement. We are also required to perform specific procedures to respond to the risk of
management override.
We also obtained an understanding of the legal and regulatory framework that the company operates in,
focusing on provisions of those laws and regulations that had a direct effect on the determination of the material
amounts and disclosures in the financial statements.
Those laws and regulations considered to have a direct effect on the financial statements include UK financial
reporting standards, Company Law, Tax and Pensions legislation, and distributable profits legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial statements but compliance with which may be fundamental to the company’s ability to operate and
avoid a material penalty. These included data protection, employment and health and safety regulations,
competition and anti-bribery laws, environment regulations.
With regards to laws and regulations relating to the operating aspects of the company, these were discussed
with management and were not considered fundamental to the operating of the business therefore should not
have a material impact on the financial statements.
No instances of material non-compliance were identified. However, the likelihood of detecting irregularities,
including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s
controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud
might be inherently more difficult to detect than irregularities that result from error. As explained above, there is
an unavoidable risk that material misstatements may not be detected, even though the audit has been planned
and performed in accordance with ISAs (UK).

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 6

26 DEGREES GLOBAL MARKETS (UK) LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 26 DEGREES GLOBAL MARKETS (UK) LTD (CONTINUED)

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

D J Gallagher (Senior statutory auditor)

for and on behalf of

Calders (1883) LLP

Chartered Accountants & Statutory Auditors

30 Orange Street

London

WC2H 7HF

12 May 2026

Page 7

26 DEGREES GLOBAL MARKETS (UK) LTD

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
Note	£	£


Turnover	823,276	864,426
Gross profit	823,276	864,426
Administrative expenses	(784,361)	(823,825)
Operating profit	38,915	40,601
Interest receivable and similar income	389	687
Interest payable and similar expenses	(16)	(152)
Profit before tax	39,288	41,136
Tax on profit	(9,822)	(10,266)
Profit for the financial year	29,466	30,870

Other comprehensive income for the year
Total comprehensive income for the year		29,466	30,870

The notes on pages 12 to 15 form part of these financial statements.

Page 8

26 DEGREES GLOBAL MARKETS (UK) LTD

REGISTERED NUMBER: 14792035

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	32,247		82,111
Cash at bank and in hand	5	139,479		60,865
		171,726		142,976
Creditors: amounts falling due within one year	6	(47,202)		(47,918)
Net current assets			124,524		95,058
Total assets less current liabilities			124,524		95,058

Net assets			124,524		95,058

Capital and reserves
Called up share capital	7	50,000	50,000
Profit and loss account		74,524	45,058
		124,524	95,058

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 May 2026.

Gavin Charles White

Director

The notes on pages 12 to 15 form part of these financial statements.

Page 9

26 DEGREES GLOBAL MARKETS (UK) LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2025	50,000	45,058	95,058
Comprehensive income for the year
Profit for the year	-	29,466	29,466
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	29,466	29,466
Total transactions with owners	-	-	-
At 31 December 2025	50,000	74,524	124,524

The notes on pages 12 to 15 form part of these financial statements.

Page 10

26 DEGREES GLOBAL MARKETS (UK) LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2024	50,000	14,188	64,188
Comprehensive income for the year
Profit for the year	-	30,870	30,870
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	30,870	30,870
Total transactions with owners	-	-	-
At 31 December 2024	50,000	45,058	95,058

The notes on pages 12 to 15 form part of these financial statements.

Page 11

26 DEGREES GLOBAL MARKETS (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

26 Degrees Global Markets (UK) Ltd Limited is a private company limited by shares, incorporated in England and Wales, registration number 14792035. The registered office is Calder & Co, 30 Orange Street, London, WC2H 7HF.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 12

26 DEGREES GLOBAL MARKETS (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 13

26 DEGREES GLOBAL MARKETS (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Employees

The average monthly number of employees, including the Director, during the year was as follows:

	2025	2024
	No.	No.

Director	1	1
Employees	6	6

	7	7

Debtors

					2025	2024
					£	£


Trade debtors	14,867	66,225
Other debtors	12,370	11,023
Prepayments and accrued income	5,010	4,863
	32,247	82,111

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	139,479	60,865
	139,479	60,865

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	177	318
Corporation tax	9,822	10,284
Other creditors	37,203	37,316
	47,202	47,918

Page 14

26 DEGREES GLOBAL MARKETS (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

50,000 (2024 - 50,000) £1.00 Ordinary Shares shares of £1.00 each	50,000	50,000

Not later than 1 year	60,440	47,329
Later than 1 year and not later than 5 years	51,700	-
	112,140	47,329

9.	Controlling party

The immediate and ultimate parent company as at 31 December 2025 was 26 Degrees Global Markets Pty Limited, a company based in Australia.

Page 15