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REGISTERED NUMBER: 10085815 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE PERIOD 1 JULY 2025 TO 28 FEBRUARY 2026 |

| FOR |

| LICENTIS TECHNICAL |

| LICENTIS TECHNICAL (REGISTERED NUMBER: 10085815) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2025 TO 28 FEBRUARY 2026

Page |

| Company Information | 1 |

| Statement of Income and Retained Earnings | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 5 |

| Chartered Accountants' Report | 8 |

| LICENTIS TECHNICAL |

COMPANY INFORMATION

FOR THE PERIOD 1 JULY 2025 TO 28 FEBRUARY 2026

| DIRECTOR: | H Stevens

| REGISTERED OFFICE: | Ip3 Offices

| Yanworth

| Cheltenham

| Gloucestershire

| GL54 3LQ

| REGISTERED NUMBER: | 10085815 (England and Wales)

| ACCOUNTANTS: | G C Accountancy Limited

| 43 Merstow Green

| Evesham

| Worcestershire

| WR11 4BB

| LICENTIS TECHNICAL (REGISTERED NUMBER: 10085815) |

STATEMENT OF INCOME AND

RETAINED EARNINGS

FOR THE PERIOD 1 JULY 2025 TO 28 FEBRUARY 2026

| PERIOD |

| 1.7.25 |

| TO |  | YEAR ENDED

| 28.2.26 |  | 30.6.25

| Notes | £ | £ |

TURNOVER | - |  | - |  |

Cost of sales | (1 | ) | (1 | ) |

GROSS PROFIT | 1 |  | 1 |  |

Administrative expenses | 91,847 |  | 126,029 |  |

(91,846 | ) | (126,028 | ) |

Other operating income | 4 | 3,463 |  | 5,127 |  |

OPERATING LOSS and |

LOSS BEFORE TAXATION | (88,383 | ) | (120,901 | ) |

Tax on loss | (8,110 | ) | (15,460 | ) |

LOSS FOR THE FINANCIAL PERIOD | (80,273 | ) | (105,441 | ) |

Retained earnings at beginning of period | (5,090,966 | ) | (4,985,525 | ) |

RETAINED EARNINGS AT END OF PERIOD | (5,171,239 | ) | (5,090,966 | ) |

| LICENTIS TECHNICAL (REGISTERED NUMBER: 10085815) |

BALANCE SHEET

28 FEBRUARY 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 6 | 1,778,167 |  | 1,778,167 |  |

Tangible assets | 7 | - |  | - |  |

1,778,167 |  | 1,778,167 |  |

CURRENT ASSETS

Debtors | 8 | 24,336 |  | 16,287 |  |

Cash at bank and in hand | 6,319 |  | 483 |  |

30,655 |  | 16,770 |  |

CREDITORS

Amounts falling due within one year | 9 | 468,247 |  | 374,089 |  |

NET CURRENT LIABILITIES | (437,592 | ) | (357,319 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,340,575 |  | 1,420,848 |  |

CREDITORS

Amounts falling due after more than one year | 10 | 1,452,900 |  | 1,452,900 |  |

NET LIABILITIES | (112,325 | ) | (32,052 | ) |

CAPITAL AND RESERVES

Called up share capital | 802,043 |  | 802,043 |  |

Share premium | 4,256,871 |  | 4,256,871 |  |

Retained earnings | (5,171,239 | ) | (5,090,966 | ) |

(112,325 | ) | (32,052 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| LICENTIS TECHNICAL (REGISTERED NUMBER: 10085815) |

BALANCE SHEET - continued

28 FEBRUARY 2026

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 19 May 2026 and were signed by:

H Stevens - Director

| LICENTIS TECHNICAL (REGISTERED NUMBER: 10085815) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2025 TO 28 FEBRUARY 2026

1. | DIRECTOR'S FEES

| All Director's fees within these accounts are accrued and not actually paid.

2. | STATUTORY INFORMATION

| Licentis Technical is a private company , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

3. | 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.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Patents and licences are being amortised evenly over their estimated useful life of nil years.

| Tangible fixed assets

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

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| 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.

4. | OTHER OPERATING INCOME

| PERIOD |

| 1.7.25 |

| TO | YEAR ENDED

| 28.2.26 |  | 30.6.25

£ | £ |

| Government grants | 3,463 |  | 5,127 |  |

5. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 2 (2025 - 2 ) .

| LICENTIS TECHNICAL (REGISTERED NUMBER: 10085815) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JULY 2025 TO 28 FEBRUARY 2026

6. | INTANGIBLE FIXED ASSETS

| Patents

| and

| licences

£ |

| COST

| At 1 July 2025

| and 28 February 2026 | 1,778,167 |  |

| NET BOOK VALUE

| At 28 February 2026 | 1,778,167 |  |

| At 30 June 2025 | 1,778,167 |  |

7. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 July 2025

| and 28 February 2026 | 34,875 |  | 875 |  | 3,915 |  | 39,665 |  |

| DEPRECIATION

| At 1 July 2025

| and 28 February 2026 | 34,875 |  | 875 |  | 3,915 |  | 39,665 |  |

| NET BOOK VALUE

| At 28 February 2026 | - |  | - |  | - |  | - |  |

| At 30 June 2025 | - |  | - |  | - |  | - |  |

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Other debtors | 23,570 |  | 14,610 |  |

| VAT | 116 |  | 1,027 |  |

| Deposit Paid | 650 |  | 650 |  |

24,336 |  | 16,287 |  |

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade creditors | 50,469 |  | 55,818 |  |

| Social security and other taxes | 635 |  | 582 |  |

| Pension creditor | 192 |  | 186 |  |

| Credit Card | 471 |  | 227 |  |

| Directors' current accounts | 414,480 |  | 316,276 |  |

| Accrued expenses | 2,000 |  | 1,000 |  |

468,247 |  | 374,089 |  |

| LICENTIS TECHNICAL (REGISTERED NUMBER: 10085815) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JULY 2025 TO 28 FEBRUARY 2026

10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2026 | 2025 |

£ | £ |

| Non interest bearing

| promissory note | 1,452,900 |  | 1,452,900 |  |

1,452,900 |  | 1,452,900 |  |

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

LICENTIS TECHNICAL

The following reproduces the text of the report prepared for the director 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 Director 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 Licentis Technical for the period ended 28 February 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 director of Licentis Technical in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Licentis Technical and state those matters that we have agreed to state to the director of Licentis Technical 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 Licentis Technical and its director for our work or for this report.

It is your duty to ensure that Licentis Technical 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 Licentis Technical. You consider that Licentis Technical is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Licentis Technical. 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.

G C Accountancy Limited

43 Merstow Green

Evesham

Worcestershire

WR11 4BB

19 May 2026