REGISTERED NUMBER: 11102890 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Plumerai Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R B P Nusselder

M Hejka

R Malekzadeh

REGISTERED OFFICE:

Uncommon

1 Long Lane

London

SE1 4PG

REGISTERED NUMBER:

11102890 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

1st Floor

One Suffolk Way

Sevenoaks

Kent

TN13 1YL

FIXED ASSETS

Tangible assets

4

1,159

2,547

Investments

5

1,025

1,025

2,184

3,572

CURRENT ASSETS

Debtors

6

461,291

627,634

Cash at bank

6,801,208

214,816

7,262,499

842,450

CREDITORS

Amounts falling due within one year

7

642,509

482,872

NET CURRENT ASSETS

6,619,990

359,578

TOTAL ASSETS LESS CURRENT LIABILITIES

6,622,174

363,150

CREDITORS

Amounts falling due after more than one year

8

6,519,293

-

NET ASSETS

102,881

363,150

CAPITAL AND RESERVES

Called up share capital

9

243

243

Share premium

10

7,017,680

7,017,680

Fair value reserve

10

3

4

Retained earnings

10

(6,915,045

)

(6,654,777

)

SHAREHOLDERS' FUNDS

102,881

363,150

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 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 16 July 2026 and were signed on its behalf by:

R B P Nusselder - Director

1.	STATUTORY INFORMATION

Plumerai 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

50% on cost and 33% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

2,533

18,818

21,351

DEPRECIATION

At 1 January 2025

2,533

16,271

18,804

Charge for year

-

1,388

1,388

At 31 December 2025

2,533

17,659

20,192

NET BOOK VALUE

At 31 December 2025

-

1,159

1,159

At 31 December 2024

-

2,547

2,547

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

1,025

NET BOOK VALUE

At 31 December 2025

1,025

At 31 December 2024

1,025

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

167,013

293,701

Tax

67,835

199,021

VAT

9,414

4,658

Prepayments and accrued income

206,829

120,054

Rental deposit

10,200

10,200

461,291

627,634

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

16,133

18,007

Amounts owed to group undertakings

265,795

238,244

Social security and other taxes

12,493

10,191

Pensions payable

902

1,303

Accruals and deferred income

347,186

215,127

642,509

482,872

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Investments

6,519,293

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class:

Nominal value:

2025

2024

£

£

7,591,368

Ordinary

0.00001

76

76

800,000

A Ordinary

0.00001

8

8

14,386,997

Seed Preferred

0.00001

144

144

1,524,118

Deferred

0.00001

15

15

243

243

10.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

£

£

£

At 1 January 2025

(6,654,777

)

7,017,680

4

362,907

Deficit for the year

(260,268

)

(260,268

)

Share option reserve

-

-

(1

)

(1

)

At 31 December 2025

(6,915,045

)

7,017,680

3

102,638

11.	ULTIMATE CONTROLLING PARTY

The controlling party is the shareholders by virtue of their shareholding.

12.	SHARE-BASED PAYMENT TRANSACTIONS

The company has an equity settled option scheme.

The company had 919,822 options outstanding at the beginning of the period. These were granted over 4 years at an exercise price of £0.00001.

During the period 1,075,179 (2024: 409,366) options were granted to employees. 23,415 options, included in the current year grant total, relate to prior years grants omitted.

During the period 588,307 (2024:nil) options were forfeited. All forfeited options relate to leavers in prior years omitted.

During the period nil (2024: 75,240) options were exercised. The exercise relates to a prior year omission.

During the period 36,170 (2024: 13,737) options expired.

The company had 1,370,524 options outstanding at the end of the period.

The company has 400,658 (2024: 553,547) exercisable options at the end of the period.

The fair value of the share options has been valued at £0.00001 in accordance with the weighted average exercise price.

The total change in valuation of the vested options was a credit of £1.22, which was charged to profit and loss. The total carrying amount is £3.21 (2024: £4.43).

During the year, non-EMI options were granted to one individual which only exercise on exit. The amount is not material and therefore no adjustment has been made in respect of these options as at 31st December 2025.