Firemind Ltd

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 December 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

24/07/2026

Goodwille Limited

20 Red Lion St

London

WC1R 4PS

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Firemind Ltd

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 11171670

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,718		2,147
Tangible Assets	5		7,070		20,807

			8,788		22,954
CURRENT ASSETS
Debtors	6	462,408		391,656
Cash at bank and in hand		189,556		306,043

		651,964		697,699
Creditors: Amounts Falling Due Within One Year	7	(1,427,261 )		(1,458,997 )

NET CURRENT ASSETS (LIABILITIES)			(775,297 )		(761,298 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(766,509 )		(738,344 )

NET LIABILITIES			(766,509 )		(738,344 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(766,609 )		(738,444 )

SHAREHOLDERS' FUNDS			(766,509)		(738,344)

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Firemind Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 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 director acknowledges his 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 Ahmed Nuaman

Director

24/07/2026

The notes on pages 4 to 8 form part of these financial statements.

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Firemind Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Firemind Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11171670 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.

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.

2.2. Going Concern Disclosure

Though the Company is operating at a loss, the Directors have a reasonable expectation that the Company will continue to have access to adequate resources to continue in operational existence for the foreseeable future. The Directors have considered a letter of support from its immediate parent company stating that they will support the Company should it not be in a position to meet any repayment obligations. Thus, the Directors continue to adopt the going concern basis in preparing the annual financial statements.

2.3. Significant judgements and estimations

The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion is measured by comparing the hours worked to date with the total estimated hours required to complete the contract. Turnover is only recognised to the extent of recoverable amounts when the outcome of a contract cannot be estimated reliably.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are amortised over the estimated economic life of 8 years.

2.6. 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	4 years SL
Fixtures & Fittings	3 years SL
Computer Equipment	3 years SL

2.7. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

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Firemind Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. 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.

2.10. Debtors

Basic financial assets, including trade and other debtors, are intially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

2.11. Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

2.12. Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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 payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2.13. Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 40 (2024: 42)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	3,434

As at 31 December 2025	3,434

Amortisation
As at 1 January 2025	1,287
Provided during the period	429

As at 31 December 2025	1,716

...CONTINUED

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Firemind Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	1,718

As at 1 January 2025	2,147

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Firemind Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	51,764	7,678	125,907	185,349
Additions	-	-	1,453	1,453

As at 31 December 2025	51,764	7,678	127,360	186,802

Depreciation
As at 1 January 2025	48,593	6,440	109,509	164,542
Provided during the period	3,171	1,238	10,781	15,190

As at 31 December 2025	51,764	7,678	120,290	179,732

Net Book Value
As at 31 December 2025	-	-	7,070	7,070

As at 1 January 2025	3,171	1,238	16,398	20,807

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	213,865	231,460
Prepayments and accrued income	218,443	21,374
Other debtors	30,100	100
Director's loan account	-	138,722

	462,408	391,656

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	79,147	115,527
Other taxes and social security	115,321	534,510
Net wages	185,024	7,616
Other creditors	346	65,373
Accruals and deferred income	90,548	735,971
Amounts owed to group undertakings	956,875	-

	1,427,261	1,458,997

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Dividends

No dividends were proposed or paid during the period.

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Firemind Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Firemind Group OY , incorporated in Finland. Copies of the group accounts may be obtained from the secretary, Kalevankatu 4 A 20, 00100, Helsinki . The ultimate controlling party is Firemind Group OY who controls 100% of the shares of Firemind Ltd .

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