my mhealth Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

my mhealth Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07881370 . The registered office is 41 Lothbury, London, EC2R 7HF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have prepared these financial statements on a going concern basis. In reaching this conclusion, the directors have considered the financial position of the company and its future prospects for a period of not less than twelve months from the date of approval of these financial statements.

The company continues to generate recurring revenues with turnover of £1,646,194 for the year ended 31 December 2025 (2024: £1,710,276). The company has reported a loss after taxation of £357,225 (2024: £644,651), reflecting continued investment in product development and commercial infrastructure. As at 31 December 2025, the company had net assets of £591,331 (2024: £916,496).

The directors acknowledge that the company's operational cash requirements are currently in excess of revenues generated, and that this represents a material uncertainty which may cast significant doubt upon the company's ability to continue as a going concern. However, the directors are confident that this can be managed through a combination of:

• continued growth in contracted recurring revenues;

• active management of operating costs;

• existing shareholder and director support; and

• access to additional funding as required.

After making enquiries and reviewing cash flow forecasts, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Subsequent to the year end, the company received a loan of £250,000 from a third-party lender in January 2026, providing further support to near-term working capital requirements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets relates to the development of software. It is amortised to profit and loss account over its estimated economic life of 3 years.

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my mhealth Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 28 (2024: 31)

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my mhealth Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	1,545,365
Additions	383,863

As at 31 December 2025	1,929,228

Amortisation
As at 1 January 2025	959,859
Provided during the period	390,164

As at 31 December 2025	1,350,023

Net Book Value
As at 31 December 2025	579,205

As at 1 January 2025	585,506

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	130,245	4,140	104,194	238,579
Additions	374	-	77	451

As at 31 December 2025	130,619	4,140	104,271	239,030

Depreciation
As at 1 January 2025	107,413	2,994	79,205	189,612
Provided during the period	5,762	286	6,250	12,298

As at 31 December 2025	113,175	3,280	85,455	201,910

Net Book Value
As at 31 December 2025	17,444	860	18,816	37,120

As at 1 January 2025	22,832	1,146	24,989	48,967

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	94,800	272,773
Prepayments and accrued income	409,325	235,721
Other debtor	-	3,944
Corporation tax recoverable assets	101,615	123,165
Amounts owed by group undertakings	237,545	794

	843,285	636,397

...CONTINUED

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my mhealth Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Due after more than one year
Deferred tax asset	1,008,535	1,028,357

	1,851,820	1,664,754

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	70,007	125,243
Other loans	222,500	100,000
Other taxes and social security	81,879	172,710
VAT	261,084	103,401
Other creditors	9,180	9,410
Accruals and deferred income	1,094,644	766,544
Directors' loan accounts	184,134	184,134

	1,923,428	1,461,442

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
606,824 Ordinary Shares of £ 0.001 each	606	605

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		579,205		585,506
Tangible Assets	5		37,120		48,967

			616,325		634,473
CURRENT ASSETS
Debtors	6	1,851,820		1,664,754
Cash at bank and in hand		46,614		78,711

		1,898,434		1,743,465
Creditors: Amounts Falling Due Within One Year	7	(1,923,428 )		(1,461,442 )

NET CURRENT ASSETS (LIABILITIES)			(24,994 )		282,023

TOTAL ASSETS LESS CURRENT LIABILITIES			591,331		916,496

NET ASSETS			591,331		916,496

CAPITAL AND RESERVES
Called up share capital	8		606		605
Share premium account			3,039,232		3,007,173
Profit and Loss Account			(2,448,507 )		(2,091,282 )

SHAREHOLDERS' FUNDS			591,331		916,496