Company registration number 04052309 (England and Wales)
AISH TECHNOLOGIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
AISH TECHNOLOGIES LIMITED
COMPANY INFORMATION
Directors
Mr D P Hyde
Mr A Campbell
(Appointed 1 October 2025)
Mr T J Campbell
(Appointed 1 October 2025)
Ms A Mitchell
Mr J C Weber
(Appointed 1 October 2025)
Company number
04052309
Registered office
Fleets Point
Willis Way
Poole
Dorset
BH15 3SS
Auditor
Azets Audit Services
37 Commercial Road
Poole
Dorset
BH14 0HU
AISH TECHNOLOGIES LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
AISH TECHNOLOGIES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£'000
£'000
£'000
£'000
Capital and reserves
Called up share capital
3
-
0
-
0

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

The financial statements were approved by the board of directors and authorised for issue on 30 June 2026 and are signed on its behalf by:
Mr D P Hyde
Director
Company registration number 04052309 (England and Wales)
AISH TECHNOLOGIES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£'000
£'000
£'000
Balance at 1 January 2024
6,000
(8,206)
(2,206)
Year ended 31 December 2024:
Profit and total comprehensive income
-
-
0
-
0
Conversion of loan to shares
3
2,327
-
2,327
Reduction of shares
3
(8,327)
8,206
(121)
Balance at 31 December 2024
-
0
-
0
-
0
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
0
-
0
Balance at 31 December 2025
-
0
-
0
-
0
AISH TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

The Company is a private company limited by shares and is incorporated and registered in England, United Kingdom. The address of its registered office is Fleets Point, Willis Way, Poole, Dorset, BH15 3SS.

1.1
Accounting convention

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.

The financial statements are prepared in sterling, which is the functional currency of the C ompany. Monetary a mounts in these financial statements are rounded to the nearest £'000.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

1.2
Going concern

On 1 January 2024, the trade and assets of the business were transferred up to Trident Maritime Systems UK Limited, the ultimate UK holding company, as part of a group restructure. No future trade is expected within this entity.true

1.3
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.4
Financial instruments

The C ompany 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 C ompany's balance sheet when the C ompany 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

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.

Other financial assets

Other financial assets are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

AISH TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the Company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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, 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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the C ompany’s contractual obligations expire or are discharged or cancelled.

1.5
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.

2
Employees

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

2025
2024
Number
Number
Directors
3
3
3
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£'000
£'000
Ordinary shares of 10p each
10
10
-
0
-
0
AISH TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
3
Share capital
(Continued)
- 5 -

On the 24 January 2024, a debt to equity swap was completed to convert £2,326,749 of debt into 23,267,490 Ordinary shares with a nominal value of £0.10 per share, leaving the business having issued 83,271,006 Ordinary shares.

On the 25 January 2024, capital was reduced by 83,270,996 Ordinary shares through a capital reduction, leaving £1 of Ordinary share capital remaining.

4
Audit report information

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:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025;

- 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.

Senior Statutory Auditor:
Michael Wesley FCA
Statutory Auditor:
Azets Audit Services
Date of audit report:
30 June 2026
5
Ultimate controlling party

The Company's immediate parent undertaking at 31 December 2025 is Rivencore Global Solutions Limited, a Company incorporated in England & Wales. The ultimate parent company is Horton Holdco LLC, a company formed in Delaware in the United States. The directors consider that DC Capital Partners and its affiliated funds are the ultimate controlling party of the group. The addresses of these companies are as follows:

Rivencore Global Solutions Limited:

Fleets Point, Willis Way, Poole, Dorset, BH15 3SS, UK

Horton HoldCo LLC:

99 Canal Center Plaza, Suite 400, Alexandria, Virginia, United States

DC Capital Partners:

99 Canal Center Plaza, Suite 400, Alexandria, Virginia, United States

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