Deepform Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13969253

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		13,918		17,828

			13,918		17,828
CURRENT ASSETS
Debtors	5	343,128		166,581
Cash at bank and in hand		301,398		1,335,952

		644,526		1,502,533
Creditors: Amounts Falling Due Within One Year	6	(198,774 )		(74,105 )

NET CURRENT ASSETS (LIABILITIES)			445,752		1,428,428

TOTAL ASSETS LESS CURRENT LIABILITIES			459,670		1,446,256

NET ASSETS			459,670		1,446,256

CAPITAL AND RESERVES
Called up share capital	7		1,327		1,327
Share premium account			2,117,721		2,117,721
Fair value reserve			20,699		17
Profit and Loss Account			(1,680,077 )		(672,809 )

SHAREHOLDERS' FUNDS			459,670		1,446,256

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Deepform Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Christopher John Cleaver

Director

16 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Deepform Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13969253 . The registered office is Future Business Centre, Kings Hedges Road, Cambridge, Cambridgeshire, CB4 2HY.

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.

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 £.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. Therefore the financial statements have been prepared on a going concern basis which assumes the Company will continue in operational existence for the foreseeable future.

The Company is involved in research and development activities and is working towards achieving a sustainable revenue generating activity. The directors have considered the basis of the financial statements and are satisfied that a combination of business growth and further investment commitments will enable the Company to meet its liabilities as they fall due.

2.3. Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4. 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	3 years, straight line basis
Computer Equipment	2 years, straight line basis

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Financial Instruments

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 instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

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, are recognised at transaction price including transaction costs.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.

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Deepform Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Taxation

Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Research and Development

In the research phase of an internal project, it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

2.10. Share Based Payments

The company operates an equity-settled, share-based compensation plan, under which the entity received services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.

The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2025: 7)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	13,446	15,237	28,683
Additions	1,639	7,787	9,426

As at 31 March 2026	15,085	23,024	38,109

Depreciation
As at 1 April 2025	3,266	7,589	10,855
Provided during the period	4,755	8,581	13,336

As at 31 March 2026	8,021	16,170	24,191

Net Book Value
As at 31 March 2026	7,064	6,854	13,918

As at 1 April 2025	10,180	7,648	17,828

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Deepform Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	9,900
Prepayments and accrued income	189,568	25,974
Other debtors	6,317	5,321
Corporation tax recoverable	120,000	111,887
VAT	27,243	13,499

	343,128	166,581

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	104,380	26,551
Other taxes and social security	19,786	21,280
Other creditors	6,331	8,863
Accruals and deferred income	68,277	17,411

	198,774	74,105

7. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
797,500 Ordinary Shares of £ 0.001 each	798	798
529,195 Ordinary A shares of £ 0.001 each	529	529

	1,327	1,327

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	26,320	13,302

	26,320	13,302

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