REGISTERED NUMBER: 09085152 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

DIGISEQ LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

T L Smith

C R Tanner

D G W Birch

I Kariti

A G Yore

REGISTERED OFFICE:

International House

64 Nile Street

London

N1 7SR

REGISTERED NUMBER:

09085152 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors 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 Directors 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 DIGISEQ Limited for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of DIGISEQ Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DIGISEQ Limited and state those matters that we have agreed to state to the Board of Directors of DIGISEQ Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DIGISEQ Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DIGISEQ 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 loss of DIGISEQ Limited. You consider that DIGISEQ 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 DIGISEQ 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.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

18 May 2026

FIXED ASSETS

Tangible assets

4

9,828

33,430

CURRENT ASSETS

Stocks

220,251

305,251

Debtors

5

160,632

298,368

Cash at bank

98,382

25,335

479,265

628,954

CREDITORS

Amounts falling due within one year

6

654,412

882,621

NET CURRENT LIABILITIES

(175,147

)

(253,667

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(165,319

)

(220,237

)

CREDITORS

Amounts falling due after more than one year

7

5,061,405

4,596,404

NET LIABILITIES

(5,226,724

)

(4,816,641

)

CAPITAL AND RESERVES

Called up share capital

8

188

188

Share premium

1,584,517

1,584,517

Retained earnings

(6,811,429

)

(6,401,346

)

SHAREHOLDERS' FUNDS

(5,226,724

)

(4,816,641

)

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 18 May 2026 and were signed on its behalf by:

C R Tanner - Director

1.	STATUTORY INFORMATION

DIGISEQ 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.

Digiseq continues to deliver strong revenue growth while reducing operational losses. The directors however recognise that to further accelerate growth, and reach profitability, the company needs additional investment. The present owner is therefore exploring options to sell their interests in Digiseq to a new owner who can provide such investment. The directors have to date received expressions of interest and have also engaged an agent to handle the process. The business expects to continue operating under new ownership, and the directors have a reasonable expectation that the company has adequate resources and backing from its existing owners to continue operating while a sale is sought for at least 12 months from the date of approval of these financial statements. The existing owner has provided a further funding injection after the balance sheet date to support cashflow. The directors have modelled cashflow for the next 12 months, and have also considered alternative options for funding. Accordingly, they continue to adopt the going concern basis of accounting.

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 is recognised when services are rendered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office Equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an assets carrying amount and the present value of estimated cash flows discounted at the assets original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

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.

Critical accounting estimates and uncertainties

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Hire purchase and leasing agreements

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Office

Equipment

£

COST

At 1 January 2025

207,167

Additions

4,900

At 31 December 2025

212,067

DEPRECIATION

At 1 January 2025

173,737

Charge for year

28,502

At 31 December 2025

202,239

NET BOOK VALUE

At 31 December 2025

9,828

At 31 December 2024

33,430

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

64,577

171,977

Other debtors

96,055

126,391

160,632

298,368

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

138,606

306,264

Taxation and social security

45,961

32,768

Other creditors

469,845

543,589

654,412

882,621

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

5,061,405

4,596,404

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

896,630

A Ordinary

£0.0002

179

179

46,410

B Ordinary

£0.0002

9

9

188

188

A Ordinary shares are entitled to one vote in any circumstances, pari passu to dividend payments, and pari passu to participate in a distribution arising from a winding up of the company.

B Ordinary shares are not entitled to vote in any circumstances, pari passu to dividend payments, and pari passu to participate in a distribution arising from a winding up of the company.