Company registration number 11783855 (England and Wales)
BORN DIGITAL HEALTH LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
BORN DIGITAL HEALTH LTD
CONTENTS
Page
Directors' report
1 - 2
Balance sheet
3 - 4
Notes to the financial statements
5 - 9
BORN DIGITAL HEALTH LTD
DIRECTORS' REPORT
FOR THE PERIOD ENDED 30 JUNE 2025
- 1 -

The directors present their annual report and financial statements for the period ended 30 June 2025.

Principal activities

The principle activities of the company continued to be focussed in the area of digital health

Directors

The directors who held office during the period and up to the date of signature of the financial statements were as follows:

Miss A J Gardiner
Mr D N Gardiner
Mr S Jones
Mr M Wade
Mr S J Watkinson
Our Performance

The first half of 2025 has proven to be a pivotal period, in terms of progression in line with our strategic vision.

In this shortened period to 30 June 2025, we have continued to build upon the operational efficiencies achieved over the previous two years, creating a stronger platform and freeing resources to support our ongoing research and development programme. We continue to make significant investments in R&D, strengthening our position at the forefront of innovation in the digital healthcare market.

Our commitment to R&D ensures that we remain at the cutting-edge, with solutions that meet the evolving needs of people and healthcare systems, both in the UK and internationally. Our R&D programme is focused on creating next-generation digital health technologies. This strategic focus on innovation not only delivers scalability and consistency in outcomes, but also greatly enhances our service offerings, solidifying our reputation as a leader in the digital health industry.

As we add to and build upon partnerships developed with NHS organisations in 2024, we are seeing the positive impact of these continued collaborations with the NHS and the recognition of our ability and commitment to deliver high-quality healthcare solutions not only for the NHS, but also for individuals and organisations on a global scale.

Our Position

At Born Digital Health, we're helping to shape the future of digital health. We believe that no one should suffer from treatable health conditions, and that digital health is one of the best ways to provide fast, effective, reliable, and accessible care.

Throughout this period, we’ve maintained and expanded upon innovative programmes that deliver our unique, personalised support to individuals from socio-economically deprived backgrounds. By focusing on those who would otherwise lack the means to access such support, we proudly demonstrate our strong social conscience and commitment to inclusivity and social impact.

Continued Progress

Our sustained focus on spread, adoption, and integration has resulted in a more scalable and robust service, thanks to ongoing operational improvements and development of strategic partnerships with other leading global organisations.

Continued investment in our people, products, processes, and partnerships has seen us make strides across our priority channels, both in the UK and internationally.

As a digital health service with an international footprint, we support users in multiple countries, delivering excellent outcomes across a wide and varied range of user groups. The exceptional feedback we receive from our service users is a testament to the positive impact we have on their lives every day. Recognising the profound effect of our work, we are committed to further extending our reach to maximise the life-changing impact of our services.

BORN DIGITAL HEALTH LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
- 2 -

Our People

It is with great pride that we recognise the strong, inclusive, and positive culture within our organisation. Our people are our greatest asset, we know that, and they know that. We thank them for their continued efforts and outstanding contribution.

Our Projections

Increased brand recognition along with a wide and varied service footprint sees us well-positioned for growth and continued positive progression towards our strategic vision, which is to take our uniquely effective means of supporting those with treatable health conditions to a rapidly increasing number of users.

Born Digital Health – Positively impacting lives globally, consistently, effectively.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Miss A J Gardiner
Director
29 July 2025
BORN DIGITAL HEALTH LTD
BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 3 -
30 June 2025
31 December 2024
Notes
£
£
£
£
Fixed assets
Intangible assets
5
71,936
66,956
Tangible assets
6
5,637
10,645
77,573
77,601
Current assets
Debtors
1,262,315
1,469,234
Cash at bank and in hand
117,974
178,841
1,380,289
1,648,075
Creditors: amounts falling due within one year
(356,150)
(324,885)
Net current assets
1,024,139
1,323,190
Total assets less current liabilities
1,101,712
1,400,791
Creditors: amounts falling due after more than one year
(201,326)
(194,652)
Provisions for liabilities
-
(2,496)
Net assets
900,386
1,203,643
Capital and reserves
Called up share capital
1
1
Share premium account
3,965,000
3,895,000
Profit and loss reserves
(3,064,615)
(2,691,358)
Total equity
900,386
1,203,643
BORN DIGITAL HEALTH LTD
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2025
30 June 2025
- 4 -

For the financial period ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 July 2025 and are signed on its behalf by:
Miss A J Gardiner
Director
Company registration number 11783855 (England and Wales)
BORN DIGITAL HEALTH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025
- 5 -
1
Accounting policies
Company information

Born Digital Health Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Schoolhouse, 12 Trinity Chare, Quayside, Newcastle Upon Tyne, NE1 3DF.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Intangible fixed 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.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs
17% straight line
Website
36% straight line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

BORN DIGITAL HEALTH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 6 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computers
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

BORN DIGITAL HEALTH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 7 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

BORN DIGITAL HEALTH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 8 -

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Total
25
25

Please refer to the Director's report for up to date information on Our People.

BORN DIGITAL HEALTH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
- 9 -
5
Intangible fixed assets
Total
£
Cost
At 1 January 2025
83,593
Additions
13,864
At 30 June 2025
97,457
Amortisation and impairment
At 1 January 2025
16,637
Amortisation charged for the period
8,884
At 30 June 2025
25,521
Carrying amount
At 30 June 2025
71,936
At 31 December 2024
66,956
6
Tangible fixed assets
Total
£
Cost
At 1 January 2025 and 30 June 2025
57,610
Depreciation and impairment
At 1 January 2025
46,965
Depreciation charged in the period
5,008
At 30 June 2025
51,973
Carrying amount
At 30 June 2025
5,637
At 31 December 2024
10,645
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