PLEXE LTD


Directors	DE BERNARDI, Marcello Emilio
	DUBEY, Vaibhav


Registered Address	86-90 Paul Street
	London
	EC2A 4NE


Registered Number	16361092 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025
		£	£
Fixed assets
Tangible assets	4		11,003
			11,003
Current assets
Debtors	5	49,634
Cash at bank and on hand		12,262
		61,896
Creditors amounts falling due within one year	6	(289,736)
Net current assets (liabilities)			(227,840)
Total assets less current liabilities			(216,837)
Net assets			(216,837)
Capital and reserves
Profit and loss account			(216,837)
Shareholders' funds			(216,837)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 9 June 2026, and are signed on its behalf by:

DE BERNARDI, Marcello Emilio
Director
Registered Company No. 16361092

PLEXE LTD

Notes to the Financial Statements
for the period ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, with the support of its parent company Plexe AI Inc. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

	Defined contribution pension plan
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

2.	Average number of employees


		2025
	Average number of employees during the year	3

3.	Further information regarding the company's income
	These financial statements have been prepared for the period from the date of incorporation on 2 April 2025 to 31 December 2025. This represents the Company’s first set of financial statements since incorporation.

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
Additions	13,056	13,056
At 31 December 25	13,056	13,056
Depreciation and impairment
Charge for year	2,053	2,053
At 31 December 25	2,053	2,053
Net book value
At 31 December 25	11,003	11,003
At 01 April 25	-	-

5.	Debtors: amounts due within one year

		2025
		£
	Trade debtors / trade receivables	3,100
	Other debtors	46,534
	Total	49,634

6.	Creditors: amounts due within one year

		2025
		£
	Trade creditors / trade payables	14,488
	Amounts owed to related parties	274,561
	Other creditors	687
	Total	289,736


	At the balance sheet date, the company owed £274,561 (USD: 377,000) to its parent company, Plexe AI Inc. This amount is included within amounts owed to related parties. The loan is unsecured, interest free, and repayable on demand.

7.	Operating lease commitments
	At the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £8,400 being due within one year.