REGISTERED NUMBER: 11023023 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2025

for

ABM Communications Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

G Angus

N F Bullen

L D E Hollingworth

E Mason

REGISTERED OFFICE:

27 Old Gloucester Street

London

WC1N 3AX

REGISTERED NUMBER:

11023023 (England and Wales)

ACCOUNTANTS:

Elemental CoSec Limited

27 Old Gloucester Street

London

WC1N 3AX

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of television programming and broadcasting.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

G Angus

N F Bullen

L D E Hollingworth

E Mason

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors 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 then 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.

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

ON BEHALF OF THE BOARD:

G Angus - Director

24 June 2026

TURNOVER

2,096,751

2,320,558

Cost of sales

1,154,969

1,510,644

GROSS PROFIT

941,782

809,914

Administrative expenses

1,170,593

1,119,880

OPERATING LOSS

4

(228,811

)

(309,966

)

Interest receivable and similar income

-

78

(228,811

)

(309,888

)

Interest payable and similar expenses

145,552

209,560

LOSS BEFORE TAXATION

(374,363

)

(519,448

)

Tax on loss

-

-

LOSS FOR THE FINANCIAL YEAR

(374,363

)

(519,448

)

FIXED ASSETS

Intangible assets

5

1,270,362

1,293,335

Tangible assets

6

-

-

1,270,362

1,293,335

CURRENT ASSETS

Debtors

7

221,235

250,939

Prepayments and accrued income

158,119

170,387

Cash at bank

478,917

276,716

858,271

698,042

CREDITORS

Amounts falling due within one year

8

2,066,322

364,012

NET CURRENT (LIABILITIES)/ASSETS

(1,208,051

)

334,030

TOTAL ASSETS LESS CURRENT LIABILITIES

62,311

1,627,365

CREDITORS

Amounts falling due after more than one year

9

-

1,190,691

NET ASSETS

62,311

436,674

CAPITAL AND RESERVES

Called up share capital

2,303

2,303

Share premium

17,245,136

17,245,136

Retained earnings

(17,185,128

)

(16,810,765

)

62,311

436,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2026 and were signed on its behalf by:

G Angus - Director

1.	STATUTORY INFORMATION

ABM Communications 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 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.

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

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their licence term.

Computer software & trademarks are being amortised evenly over their estimated useful life of five years.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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.

Other creditors

Within other creditors is an amount of £1,261,459 in relation to convertible loan notes. The loan notes expected conversion dates are July and October 2026.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	OPERATING LOSS

The operating loss is stated after charging:

31.12.25

31.12.24

£

£

Depreciation - owned assets

-

951

Patents and licences amortisation

782,385

1,160,335

5.	INTANGIBLE FIXED ASSETS

Patents

and

Computer

licences

software

Totals

£

£

£

COST

At 1 January 2025

2,220,860

39,600

2,260,460

Additions

759,412

-

759,412

Disposals

(519,159

)

-

(519,159

)

At 31 December 2025

2,461,113

39,600

2,500,713

AMORTISATION

At 1 January 2025

927,525

39,600

967,125

Amortisation for year

782,385

-

782,385

Eliminated on disposal

(519,159

)

-

(519,159

)

At 31 December 2025

1,190,751

39,600

1,230,351

NET BOOK VALUE

At 31 December 2025

1,270,362

-

1,270,362

At 31 December 2024

1,293,335

-

1,293,335

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2025

and 31 December 2025

9,568

DEPRECIATION

At 1 January 2025

and 31 December 2025

9,568

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

162,984

156,277

Other debtors

58,251

94,662

221,235

250,939

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

5,865

17,631

Trade creditors

223,184

304,428

Taxation and social security

12,990

10,967

Other creditors

1,824,283

30,986

2,066,322

364,012

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

-

1,190,691