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REGISTERED NUMBER: 02351541 (England and Wales)

| OCEAN SCIENTIFIC INTERNATIONAL LIMITED |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

OCEAN SCIENTIFIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 02351541)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

OCEAN SCIENTIFIC INTERNATIONAL LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTOR: | Dr R T Williams

| REGISTERED OFFICE: | Culkin House

| C7/C8 Endeavour Business Park

| Penner Road

| Havant

| Hampshire

| PO9 1QN

| REGISTERED NUMBER: | 02351541 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Matt Cooper ACA

| AUDITORS: | Hopper Williams & Bell Limited

| Statutory Auditor

| Highland House

| Mayflower Close

| Chandler's Ford

| Eastleigh

| Hampshire

| SO53 4AR

OCEAN SCIENTIFIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 02351541)

BALANCE SHEET

31 DECEMBER 2025

2025 | 2024 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 4 | 186,899 |  | 215,012 |  |

CURRENT ASSETS

Stocks | 374,552 |  | 209,349 |  |

Debtors | 5 | 1,730,674 |  | 1,485,896 |  |

Cash at bank and in hand | 379,907 |  | 481,915 |  |

2,485,133 |  | 2,177,160 |  |

CREDITORS

Amounts falling due within one year | 6 | (1,288,861 | ) | (877,976 | ) |

NET CURRENT ASSETS | 1,196,272 |  | 1,299,184 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,383,171 |  | 1,514,196 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (41,397 | ) | (145,019 | ) |

PROVISIONS FOR LIABILITIES | (10,299 | ) | (15,885 | ) |

NET ASSETS | 1,331,475 |  | 1,353,292 |  |

CAPITAL AND RESERVES

Called up share capital | 100,000 |  | 100,000 |  |

Retained earnings | 1,231,475 |  | 1,253,292 |  |

SHAREHOLDERS' FUNDS | 1,331,475 |  | 1,353,292 |  |

The 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, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2026 and were signed by:

Dr R T Williams - Director

OCEAN SCIENTIFIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 02351541)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Ocean Scientific International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards 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 £1.

| The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

| Turnover

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

| Turnover from the sale of goods is recognised when the goods are physically dispatched to the customer.

| Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

| Tangible fixed assets

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

| Improvements to property | - | Straight line over 5 years

| Plant and machinery | - | Straight line over 5 years and Straight line over 4 years

| Fixtures and fittings | - | Straight line over 5 years

| Motor vehicles | - | Straight line over 5 years

| Computer equipment | - | Straight line over 4 years

| 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 recognised in the income statement.

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

OCEAN SCIENTIFIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 02351541)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial assets

| 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 assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Basic financial assets, which include trade and other receivables 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 financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Financial liabilities

| Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

| Equity instruments

| Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| Taxation

| Taxation for the year 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.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

OCEAN SCIENTIFIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 02351541)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Operating lease agreements

| Rentals payable on operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 16 (2024 - 16 ) .

4. | TANGIBLE FIXED ASSETS

Fixtures |

Improvements | Plant and | and |

to property | machinery | fittings |

| £ | £ | £

| COST

| At 1 January 2025 | 79,954 |  | 33,300 |  | 62,900 |  |

| Additions | 4,194 |  | 31,572 |  | - |  |

| Disposals | - |  | - |  | - |  |

| At 31 December 2025 | 84,148 |  | 64,872 |  | 62,900 |  |

| DEPRECIATION

| At 1 January 2025 | 77,951 |  | 31,452 |  | 37,675 |  |

| Charge for year | 2,003 |  | 2,934 |  | 7,857 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 December 2025 | 79,954 |  | 34,386 |  | 45,532 |  |

| NET BOOK VALUE

| At 31 December 2025 | 4,194 |  | 30,486 |  | 17,368 |  |

| At 31 December 2024 | 2,003 |  | 1,848 |  | 25,225 |  |

OCEAN SCIENTIFIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 02351541)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS - continued

Motor | Computer |

vehicles | equipment | Totals |

| £ | £ | £

| COST

| At 1 January 2025 | 223,052 |  | 86,879 |  | 486,085 |  |

| Additions | - |  | 5,041 |  | 40,807 |  |

| Disposals | - |  | (991 | ) | (991 | ) |

| At 31 December 2025 | 223,052 |  | 90,929 |  | 525,901 |  |

| DEPRECIATION

| At 1 January 2025 | 62,022 |  | 61,973 |  | 271,073 |  |

| Charge for year | 44,610 |  | 11,516 |  | 68,920 |  |

| Eliminated on disposal | - |  | (991 | ) | (991 | ) |

| At 31 December 2025 | 106,632 |  | 72,498 |  | 339,002 |  |

| NET BOOK VALUE

| At 31 December 2025 | 116,420 |  | 18,431 |  | 186,899 |  |

| At 31 December 2024 | 161,030 |  | 24,906 |  | 215,012 |  |

| The net book value of tangible fixed assets includes £113,493 (2024: £158,868) in respect of assets held under hire purchase contracts.

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

2025 | 2024 |

| £ | £

| Trade debtors | 812,877 |  | 592,593 |  |

| Amounts owed by group undertakings | 792,244 |  | 792,244 |  |

| Other debtors | 125,553 |  | 101,059 |  |

1,730,674 |  | 1,485,896 |  |

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

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | - |  | 50,000 |  |

| Hire purchase contracts (see note 8) | 82,788 |  | 24,558 |  |

| Trade creditors | 467,676 |  | 275,680 |  |

| Taxation and social security | 147,629 |  | 175,770 |  |

| Other creditors | 590,768 |  | 351,968 |  |

1,288,861 |  | 877,976 |  |

OCEAN SCIENTIFIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 02351541)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

2025 | 2024 |

| £ | £

| Bank loans | - |  | 20,833 |  |

| Hire purchase contracts (see note 8) | 41,397 |  | 124,186 |  |

41,397 |  | 145,019 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

| £ | £

| Net obligations repayable:

| Within one year | 82,788 |  | 24,558 |  |

| Between one and five years | 41,397 |  | 124,186 |  |

124,185 |  | 148,744 |  |

Non-cancellable |

operating leases |

2025 | 2024 |

| £ | £

| Within one year | 60,795 |  | 55,203 |  |

| Between one and five years | 228,228 |  | 55,917 |  |

| In more than five years | 290,420 |  | - |  |

579,443 |  | 111,120 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

| £ | £

| Bank loans | - |  | 70,833 |  |

| Hire purchase contracts | 124,185 |  | 148,744 |  |

124,185 |  | 219,577 |  |

| The above bank loan was secured by way of fixed and floating charge over the company's assets.

| The hire purchase liabilities are secured against the assets to which they relate.

OCEAN SCIENTIFIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 02351541)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Matt Cooper ACA (Senior Statutory Auditor)

| for and on behalf of Hopper Williams & Bell Limited

11. | POST BALANCE SHEET EVENTS

| Subsequent to the year-end, the company entered into a financing arrangement to support its ongoing trading and working capital requirements.

| The facility is secured against the trading assets of the company and had not been drawn down at the date of signing these financial statements.

| The director considers this to be a non-adjusting post balance sheet event.