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Registration number: 07292409

Ai-Media UK B Ltd
Annual Report and Financial Statements
for the Year Ended 30 June 2025

Ai-Media UK B Ltd

Contents

Company Information | 1
Directors' Report | 2 to 3
Statement of Directors' Responsibilities | 4
Independent Auditor's Report | 5 to 8
Profit and Loss Account | 9
Balance Sheet | 10
Notes to the Financial Statements | 11 to 17
Detailed Profit and Loss Account | 18 to 20

Ai-Media UK B Ltd

Company Information

Directors | Mr A Abrahams Ms E Hopkins Mr J Martin

Company secretary | Ms L Jones

Registered office | Wework The Monument 51 Eastcheap London United Kingdom EC3M 1JP

Auditors | Metric Accountants Ltd Level 30, The Leadenhall Building 122 Leadenhall Street London EC3V 4AB

Ai-Media UK B Ltd

Directors' Report for the Year Ended 30 June 2025

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

Directors of the company

The directors who held office during the year were as follows:

Mr A Abrahams

Ms E Hopkins

Mr J Martin

Principal activity

The principal activity of the company is the provision of captioning solutions to both the private and public sectors, utilising technology, including artificial intelligence, to do so.

Going concern

As at 30 June 2025 the Company had net liabilities totalling £4,611,647 (2024: £3,603,122).
The Board have sought and received confirmation from group companies, which represent the majority of creditors, that there remains a current firm undertaking to provide finance sufficient to enable AI-Media UK B Ltd to continue as a going concern for the next twelve months from the date of approval of the financial statements.
Having received this assurance, the Board are confident that the Company will continue as a going concern for the foreseeable future, being a period of not less than twelve months from the date of approval of the financial statements.

Subsequent events

On 2 February 2026, the AI-Media group experienced a major ransomware incident attributed to the Akira threat group. The impact was solely on AI-Media’s on-premises infrastructure, with the Group’s customer facing platforms and cloud environments not being impacted. The on-premises systems were primarily restored via offsite backups. A ransom payment, totalling an amount equivalent to £272,281 was paid by another AI-Media group company on 26 March 2026, as not all systems were recovered. However, no payment has been made by the Company and management consider that there is no financial exposure for the Company. The source of the attack has subsequently been identified and management has taken steps to limit any potential risk of future attack.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Reappointment of auditors

In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Metric Accountants Ltd as auditors of the company is to be proposed at the forthcoming Annual General Meeting.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Ai-Media UK B Ltd

Directors' Report for the Year Ended 30 June 2025

Approved by the Board on 1 July 2026 and signed on its behalf by:

......................................... Mr J Martin Director |  |

Ai-Media UK B Ltd

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

• | select suitable accounting policies and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Ai-Media UK B Ltd

Independent Auditor's Report to the Members of Ai-Media UK B Ltd

Opinion

We have audited the financial statements of Ai-Media UK B Ltd (the 'company') for the year ended 30 June 2025, which comprise the Profit and Loss Account, Balance Sheet, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Ai-Media UK B Ltd

Independent Auditor's Report to the Members of Ai-Media UK B Ltd

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• | the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• | the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
• | the financial statements are not in agreement with the accounting records and returns; or
• | certain disclosures of directors' remuneration specified by law are not made; or
• | we have not received all the information and explanations we require for our audit; or
• | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities, set out on page 4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Ai-Media UK B Ltd

Independent Auditor's Report to the Members of Ai-Media UK B Ltd

As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain.
We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion, we identified certain internal controls established to mitigate risks related to fraud or noncompliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.
We gained an understanding of the legal and regulatory framework applicable to the Company and the industry in which it operates, drawing on our broad sector experience, and considered the risk of acts by the Company that were contrary to these laws and regulations, including fraud. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including the Companies Act 2006 and UK tax legislation.
We made enquiries of management with regards to compliance with the above laws and regulations and corroborated any necessary evidence to relevant information, for example, minutes of meetings and correspondence, including legal correspondence.
Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management.
We did not identify any key audit matters relating to irregularities, including fraud. As in all of our audits, we also addressed the risk of management override of internal controls including reviewing and testing journals and evaluating whether there was evidence of bias by management that represented a risk of material misstatement due to fraud.
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion.
There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Ai-Media UK B Ltd

Independent Auditor's Report to the Members of Ai-Media UK B Ltd

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
James Richardson (Senior Statutory Auditor)
For and on behalf of Metric Accountants Ltd, Statutory Auditor
Level 30, The Leadenhall Building
122 Leadenhall Street
London
EC3V 4AB

1 July 2026

Ai-Media UK B Ltd

Profit and Loss Account for the Year Ended 30 June 2025

| Note | 2025 £ | 2024 £
Turnover |  | 3,624,484 | 2,477,600
Cost of sales |  | (1,956,396) | (1,390,293)
Gross profit |  | 1,668,088 | 1,087,307
Administrative expenses |  | (2,590,024) | (2,354,407)
Operating loss |  | (921,936) | (1,267,100)
Interest payable and similar expenses |  | (73,176) | (126,781)
Loss before tax | 4 | (995,112) | (1,393,881)
Loss for the financial year |  | (995,112) | (1,393,881)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Ai-Media UK B Ltd

(Registration number: 07292409)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 7 | 14,704 | 42,694
Current assets |  |  |
Debtors | 8 | 3,125,567 | 1,357,935
Cash at bank and in hand |  | 487,872 | 338,568
|  | 3,613,439 | 1,696,503
Creditors: Amounts falling due within one year | 9 | (8,239,790) | (5,342,319)
Net current liabilities |  | (4,626,351) | (3,645,816)
Net liabilities |  | (4,611,647) | (3,603,122)
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (4,611,648) | (3,603,123)
Shareholders' deficit |  | (4,611,647) | (3,603,122)

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 1 July 2026 and signed on its behalf by:

......................................... Mr J Martin Director |  |

Ai-Media UK B Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wework The Monument
51 Eastcheap
London
EC3M 1JP
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

The company has taken advantage of the disclosure exemptions available in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts, volume rebates, and VAT. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and specific criteria have been met for each of the company’s activities as described below:
Sales of Hardware: Revenue is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, typically on delivery.
Sales of Services: Revenue is recognised by reference to the stage of completion of the transaction at the balance sheet date, typically measured by the proportion of costs incurred to date compared to estimated total costs.
Other Revenue: Revenue is recognised on an accruals basis in accordance with the substance of the relevant agreement.

Ai-Media UK B Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Ai-Media UK B Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

Debtors receivable after more than one year
Debtors with no stated interest rate and receivable after more than one year are recorded at transaction price as a non-current asset. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Debtors receivable within one year
Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Creditors payable within one year
Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Loans and borrowings are recorded in creditors payable within one year and/or creditors payable in greater than one year, as appropriate, depending on when repayments fall due.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 47 (2024 - 65).

Ai-Media UK B Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

4 | Loss before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 33,779 | 72,369

5 | Taxation

As the Company made taxable losses during the year, the tax charge for the period is nil (2024: nil).
Factors that may affect future tax charges include the trading tax losses carried forward from the year ended 30 June 2025 totalling £4,692,619 (2024: £3,743,991) which may reduce the Company's tax liability on profits generated from the same trade in future periods.

6 | Deferred Tax

Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. No deferred tax asset has been recognised for this year (2024: £nil).

7 | Tangible assets

| All tangible assets £ | Total £
Cost or valuation
At 1 July 2024 | 214,583 | 214,583
Additions | 5,789 | 5,789
Disposals | (31,369) | (31,369)
At 30 June 2025 | 189,003 | 189,003
Depreciation
At 1 July 2024 | 171,889 | 171,889
Charge for the year | 33,779 | 33,779
Eliminated on disposal | (31,369) | (31,369)
At 30 June 2025 | 174,299 | 174,299
Carrying amount
At 30 June 2025 | 14,704 | 14,704
At 30 June 2024 | 42,694 | 42,694

Ai-Media UK B Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

8 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 1,192,631 | 517,971
Amounts owed by group undertakings | 12 | 1,319,751 | 768,887
Prepayments |  | 509,212 | 57,397
Other debtors |  | 103,973 | 13,680
|  | 3,125,567 | 1,357,935

9 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 66,977 | 13,963
Amounts owed to group undertakings | 12 | 6,712,959 | 4,934,804
Taxation and social security |  | 107,412 | 93,877
Other creditors |  | 1,352,442 | 299,675
|  | 8,239,790 | 5,342,319

10 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 9,315 | 7,001
| 9,315 | 7,001

11 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 1 | 1 | 1 | 1

Ai-Media UK B Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

12 | Related party transactions

Access Innovation Media Pty Ltd
Group undertaking
Access Innovation Media Pty Ltd provides the Company with advances in the form of an unsecured, interest bearing, long term loan denominated in pound sterling. During the year, interest was charged on the loan at 4.86%. The interest charged was £87,595 (2024: £80,660). Access Innovation Media Pty Ltd did not make any advances to the Company in the year (2024: nil).
There is a service agreement in place between Access Innovation Media Pty Ltd and the Company under which the companies may provide services to one another on reciprocal, arms length terms. During the year, the Company provided services to Access Innovation Media Pty Ltd totalling £11,301 (2024: £67,123). Access Innovation Media Pty Ltd provided services to the Company totalling £66,951 (2024: £291,177) in the year and also charged the Company a total of £1,122,875 (2024: £866,197) as a corporate recharge.
Under the terms agreed by both parties, balances owed between the two entities may be set off against one another. At 30 June 2025 the net balance owed by the Company totalled £5,933,768 (2024: £4,667,648).
AI-Media Technologies Limited
Ultimate Parent Company
The Company provides AI-Media Technologies Limited with advances in the form of an unsecured, interest bearing, long term loan. A further advance was made in the year totalling £9,023 (2024: nil). During the year, interest was charged on the loan at 4.86%. The interest charged was £37,056 (2024: £29,804).
At 30 June 2025, the balance owed to the Company totalled £713,713 (2024: £663,947).
AI-Media Inc. (US)
Group undertaking
During the year, the Company did not provide services to AI-Media Inc. (US) (2024: nil), and AI-Media Inc. (US) did not provide services to the Company (2024: nil). At 30 June 2025, the balance owed by the Company totalled £5,806 (2024: £5,806).
AI-Media Canada Inc.
Group undertaking
During the year, the Company provided services to AI-Media Canada Inc. totalling £4,191 (2024: nil). During the year, AI-Media Canada Inc. provided services to the Company totalling £22,475 (2024: £6,028). Interest was charged on the loan at 4.86%. The interest charged was £4,145 (2024: £3,557).
Under the terms agreed by both parties, balances owed between the two entities may be set off against one another. At 30 June 2025, the net balance owed to the Company totalled £5,714 (2024: £19,854).

Ai-Media UK B Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

AI-Media SG
Group undertaking
During the year, the Company provided services to AI-Media SG totalling £4,984 (2024: £12,548). Interest was charged on the loan at 4.86%. The interest charged was £2,212 (2024: £247). Advances were made to the Company totalling £64,038 (2024: £6,061). At 30 June 2025, the balance owed to the Company totalled £156,320 (2024: £85,086).
AI-Media ACS
Group undertaking
During the year, the Company provided services to AI-Media ACS totalling £1,149,701 (2024: £91,264). AI-Media ACS provided services to the company in the year totalling £678,029 (2024: £24,935). Interest was charged on the loan at 4.86%. The interest charged was £4,273 (2024: nil).
Under the terms agreed by both parties, balances owed between the two entities may be set off against one another. At 30 June 2025, the net balance owed to the Company totalled £444,002 (2024: £31,943).
EEG
Group undertaking
During the year, the Company provided services to EEG totalling £512,884 (2024: £183,628). EEG provided services to the Company in the year totalling £1,032,233 (2024: £304,531). Interest was charged on the loan at 4.86%. The interest charged was £24,628 (2024: £6,628).
Under the terms agreed by both parties, balances owed between the two entities may be set off against one another. At 30 June 2025, the net balance owed by the Company totalled £773,385 (2024: £229,409).

13 | Subsequent events

On 2 February 2026, the AI-Media group experienced a major ransomware incident attributed to the Akira threat group. The impact was solely on AI-Media’s on-premises infrastructure, with the Group’s customer facing platforms and cloud environments not being impacted. The on-premises systems were primarily restored via offsite backups. A ransom payment, totalling an amount equivalent to £272,281 was paid by another AI-Media group company on 26 March 2026, as not all systems were recovered. However, no payment has been made by the Company and management consider that there is no financial exposure for the Company. The source of the attack has subsequently been identified and management has taken steps to limit any potential risk of future attack.

14 | Parent and ultimate parent undertaking

The Company's immediate parent, and the ultimate parent of the group, is AI-Media Technologies Limited, incorporated in Australia. There is no known ultimate controlling party.
A copy of AI-Media Technologies Limited's consolidated financial statements can be found at Level 6, 277 William Street, Melbourne VIC 3000, Australia.

Ai-Media UK B Ltd

Detailed Profit and Loss Account for the Year Ended 30 June 2025

| 2025 £ | 2024 £
Turnover (analysed below) | 3,624,484 | 2,477,600
Cost of sales (analysed below) | (1,956,396) | (1,390,293)
Gross profit | 1,668,088 | 1,087,307
Gross profit (%) | 46.02% | 43.89%
Administrative expenses |  |
Employment costs (analysed below) | (1,998,359) | (1,896,287)
Establishment costs (analysed below) | (55,563) | (44,621)
General administrative expenses (analysed below) | (496,223) | (335,501)
Finance charges (analysed below) | (6,100) | (5,629)
Depreciation costs (analysed below) | (33,779) | (72,369)
| (2,590,024) | (2,354,407)
Operating loss | (921,936) | (1,267,100)
Interest payable and similar charges (analysed below) | (73,176) | (126,781)
Loss before tax | (995,112) | (1,393,881)

Ai-Media UK B Ltd

Detailed Profit and Loss Account for the Year Ended 30 June 2025

| 2025 £ | 2024 £

Turnover |  |
Sales of services | 1,528,562 | 2,082,492
Sales of hardware | 2,090,745 | 395,108
Other revenue | 5,177 | -
| 3,624,484 | 2,477,600

Cost of sales |  |
Direct costs - services | (919,174) | (1,193,053)
Direct costs - hardware | (1,037,222) | (197,240)
| (1,956,396) | (1,390,293)

Employment costs |  |
Wages and salaries (excluding directors) | (1,964,794) | (1,843,948)
Directors remuneration | (9,049) | (13,714)
Staff pensions | (21,314) | (15,206)
Staff training | (2,810) | (23,076)
Staff welfare | (392) | (343)
| (1,998,359) | (1,896,287)

Establishment costs |  |
Rent | (55,563) | (44,621)

General administrative expenses |  |
Telephone, internet and fax | (48,593) | (48,870)
Office expenses | (7,292) | (5,461)
Printing, postage and stationery | (9,826) | (2,382)
Equipment | (564) | (665)
Trade subscriptions | (2,382) | (14,167)
Charitable donations | (435) | (600)
Sundry expenses | (1,748) | 16
Travel and subsistence | (173,472) | (71,568)
Advertising | (189,457) | (99,000)
Staff entertaining (allowable for tax) | (8,116) | (9,216)
Customer entertaining (disallowable for tax) | (13,427) | (1,595)
Audit and accountancy fees | (16,050) | (40,851)
Consultancy and other professional services | (9,902) | (21,023)
Insurance | (1,311) | (1,399)
Legal and professional fees | (10,804) | (8,004)
Bad debts written off | (2,844) | (10,716)
| (496,223) | (335,501)

Finance charges |  |
Bank charges | (6,100) | (5,629)

Ai-Media UK B Ltd

Detailed Profit and Loss Account for the Year Ended 30 June 2025

| 2025 £ | 2024 £

Depreciation costs |  |
Depreciation of plant and machinery (owned) | (33,779) | (72,369)

Interest payable and similar expenses |  |
Other interest payable | (64,521) | (118,175)
Fines and penalties | (1,340) | (4,983)
Foreign currency gains/(losses) | (7,315) | (3,623)
| (73,176) | (126,781)