REGISTERED NUMBER: 08505500 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

FOR

ENTOTEM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Belcher

M Boddy

A Bryers

I M Grostate

A P G Randall

REGISTERED OFFICE:

10 Stadium Business Court

Millennium Way

Pride Park

Derby

Derbyshire

DE24 8HP

REGISTERED NUMBER:

08505500 (England and Wales)

ACCOUNTANTS:

TC Group

10 Stadium Business Court

Millennium Way

Pride Park

Derby

Derbyshire

DE24 8HP

FIXED ASSETS

Intangible assets

4

3,370,239

3,295,455

Tangible assets

5

1,247

900

3,371,486

3,296,355

CURRENT ASSETS

Stocks

30,476

32,829

Debtors

6

316,068

321,624

Cash at bank

5,336

97,311

351,880

451,764

CREDITORS

Amounts falling due within one year

7

87,096

99,362

NET CURRENT ASSETS

264,784

352,402

TOTAL ASSETS LESS CURRENT LIABILITIES

3,636,270

3,648,757

CREDITORS

Amounts falling due after more than one year

8

2,136,918

1,982,761

NET ASSETS

1,499,352

1,665,996

CAPITAL AND RESERVES

Called up share capital

10

708,834

707,090

Share premium

3,357,333

3,329,080

Retained earnings

(2,566,815

)

(2,370,174

)

SHAREHOLDERS' FUNDS

1,499,352

1,665,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2026 and were signed on its behalf by:

I M Grostate - Director

1.	STATUTORY INFORMATION

Entotem Limited is a private company, limited by shares, incorporated in England and 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements are prepared on a going concern basis as the Directors expect the Company to have the resources necessary to continue in business in the foreseeable future. In making this assessment, the Directors have considered:

- the ongoing operational costs of the business,

- the ongoing support of shareholders,

- confirmation that the existing shareholder loans will be maintained at levels sufficient to meet the ongoing liabilities

- cash injection from future rounds of investment and grant awards

At the time of approving the financial statements, the directors have proposed detailed forecasts and business plans and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future with their ongoing support. Therefore the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

In preparing the financial statements, management use judgments and estimates that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses.

The review of intangible fixed assets for impairment reflects management's best estimate of the recoverable amount of the cash-generating unit (CGU). A cash-generating unit (CGU) is the smallest group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Currently, Entotem as a whole is considered as a single CGU because none of the company's assets generate cash inflows mostly independent from other assets.

The directors calculation uses the future expected cash flows of the CGU based on financial budgets, discounted to present value using a discount factor at a rate equivalent to interest rates on existing company borrowings.

The assessment is carried out at the year end and there is no evidence of impairment for the amounts recognised at 30 April 2026 and 2025.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Plant and machinery etc - 33.3% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

The deferred tax assets recognised on 30 April 2026, include a relevant amount of tax losses carried forward since incorporation, which management assesses will be utilised by offset against taxable income. The assessment is performed on an annual basis and is based on the budgets and business plans for future years. The assessment period extends to a three year forecast period, as management consider periods beyond this timeframe to uncertain for a reliable assessment of utilisation of tax losses.

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.

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 8 (2025 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2025

4,326,007

Additions

298,470

At 30 April 2026

4,624,477

AMORTISATION

At 1 May 2025

1,030,552

Charge for year

223,686

At 30 April 2026

1,254,238

NET BOOK VALUE

At 30 April 2026

3,370,239

At 30 April 2025

3,295,455

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 May 2025

52,213

Additions

808

At 30 April 2026

53,021

DEPRECIATION

At 1 May 2025

51,313

Charge for year

461

At 30 April 2026

51,774

NET BOOK VALUE

At 30 April 2026

1,247

At 30 April 2025

900

6.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

36,000

54,000

Tax

49,690

37,419

Prepayments

2,378

2,205

88,068

93,624

Amounts falling due after more than one year:

Deferred tax asset

228,000

228,000

Aggregate amounts

316,068

321,624

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

4,764

7,500

Trade creditors

5,098

19,483

Social security and other taxes

4,710

5,437

VAT

5,079

11,245

Other creditors

67,445

55,697

87,096

99,362

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

343,396

337,371

Other creditors

1,793,522

1,645,390

2,136,918

1,982,761

Amounts included in other creditors relates to two loans:

£643,251 (2025: £643,251) is secured by way of a fixed charge over all intellectual property held by the company.

£343,396 (2025: £331,950) is secured by way of a fixed charge and floating charges over all the property or undertaking of the company.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

4,950

4,950

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

40,000

Ordinary A

£10

400,000

400,000

30,000

Ordinary B

£1

30,000

30,000

15,000

Ordinary C

£1

15,000

15,000

15,000

Ordinary D

£1

15,000

15,000

214,703

Ordinary E

£1

248,834

247,090

708,834

707,090

During the year 1,744 £1 Ordinary E shares were issued at a premium of £28,253.