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

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

Yaqrit Discovery Limited is a private company limited by shares incorporated in England and Wales. The registered office is Botanic House, 100 Hills Road, Cambridge, Cambridgeshire, CB2 1PH.

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 amounts 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.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

These financial statements have been prepared on the going concern basis. The directorstrue consider that the company will be able to generate sufficient income and raise sufficient finance to fund its operations for the foreseeable future and to meet its liabilities as they fall due.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

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.

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.

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.

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, including creditors, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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.

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.

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black-Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

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.

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.

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where judgements and estimates have been included are the following:

The valuation and disclosures relating to share options are considered a key risk area due to the complex accounting and significant estimates involved in the valuation.

There were no employees employed by the company during the current or previous period.

Shares in group undertakings represent the company's 100% interest in the share capital of Yaqrit Limited totalling £90, and Enterosorb Limited totalling £1, and the company's 82% interest in the share capital of Amalive totalling £1.

Included within other debtors is an amount of £199,068 (2024 - £105,542) which falls due after more than one year.

On 2 July 2024 (amended on 17 April 2025), the company issued convertible redeemable loan notes with an 8% coupon. These loan notes convert into senior shares upon the earlier of a qualifying financing event or on the maturity date of 2 January 2026. Included within other creditors at 30 June 2025 is a principal amount of £1,773,435 (30 June 2024 - £117,885) received in respect of the above loan notes and subsequent to the year end, a further £150,000 was received by the company. On 17 February 2026, £1,423,435 of these loan notes plus accrued interest were converted into 452,561 Ordinary A shares of 0.5p each.

In addition, on 10 September 2024, the company issued further convertible redeemable loan notes with a 10% coupon. These loan notes include a 100% conversion premium, and convert into senior shares upon the earlier of a qualifying financing event or on the maturity date of 10 March 2026. Included within other creditors at 30 June 2025 is a principal amount of £292,762 (30 June 2024 - £Nil) received in respect of the above loan notes. On 16 March 2026, £292,762 of these loan notes plus conversion premium and accrued interest were converted into 286,189 Ordinary A shares of 0.5p each.

During the year, the company recognised expenses of £4,728,253 which related to equity settled share based payment transactions (2024 - £115,294).

The rights attached to each category of share can be found in the company's Articles of Association.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its loss 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.

Subsequent to the year end, the company issued the following shares:

• On 27 July 2025, 33,517 Ordinary shares of 0.5p each were issued for a total consideration of £335;

• On 17 February 2026, 452,561 Ordinary A shares of 0.5p each were issued for a total consideration of £1,546,109 as part of the loan note conversion transaction referred to in note 6; and

• On 16 March 2026, 286,189 Ordinary A shares of 0.5p each were issued for a total consideration of £630,388 as part of the loan note conversion transaction referred to in note 6.

As at 30 June 2025 included within debtors is an amount of £8,920,684 (2024 - £7,825,573) owed to the company by its subsidiary undertakings which is interest free and repayable on demand. In addition, included within debtors is an amount of £199,068 (2024 - £105,542) owed to the company by a related undertaking by virtue of common directorships.

In the opinion of the directors, there is no ultimate controlling party.