REGISTERED NUMBER: 07858361 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Thalia Design Automation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Rajagopalan

R Black

REGISTERED OFFICE:

Springboard Business Innovation Centre

Llantarnam Industrial Park

Cwmbran

Gwent

NP44 3AW

REGISTERED NUMBER:

07858361 (England and Wales)

ACCOUNTANTS:

Kearney & Associates Limited

14 Harvey Road

Bedford

Bedfordshire

MK41 9LF

FIXED ASSETS

Tangible assets

4

704

1,976

CURRENT ASSETS

Debtors

5

182,536

104,183

Cash at bank

4,732

234,541

187,268

338,724

CREDITORS

Amounts falling due within one year

6

304,395

494,866

NET CURRENT LIABILITIES

(117,127

)

(156,142

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(116,423

)

(154,166

)

CREDITORS

Amounts falling due after more than one year

7

(292,379

)

(1,667

)

PROVISIONS FOR LIABILITIES

-

(494

)

NET LIABILITIES

(408,802

)

(156,327

)

CAPITAL AND RESERVES

Called up share capital

10

42,637

33,685

Share premium

11

7,445,824

6,828,166

Retained earnings

11

(7,897,263

)

(7,018,178

)

(408,802

)

(156,327

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 10 July 2026 and were signed on its behalf by:

S Rajagopalan - Director

1.	STATUTORY INFORMATION

Thalia Design Automation 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.

The accounts have been prepared on the going concern basis. Despite the company having a negative balance sheet, subsequent to the year end, further investments, sales and an increasing sales pipeline mean the directors are confident the company is able to continue its operations for the foreseeable 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.

Computer equipment

-

33% on 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2025

and 31 March 2026

8,858

DEPRECIATION

At 1 April 2025

6,882

Charge for year

1,272

At 31 March 2026

8,154

NET BOOK VALUE

At 31 March 2026

704

At 31 March 2025

1,976

5.

DEBTORS

31.3.26

31.3.25

£

£

Amounts falling due within one year:

Other debtors

150,039

83,307

VAT

27,582

11,600

Prepayments

4,915

4,493

182,536

99,400

Amounts falling due after more than one year:

Other debtors

-

4,783

Aggregate amounts

182,536

104,183

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other creditors

232,193

346,544

Social security and other taxes

19,210

-

Loan account

1,667

10,000

Accrued expenses

51,325

138,322

304,395

494,866

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans (see note 8)

-

1,667

Other creditors

191,573

-

Accruals and deferred income

100,806

-

292,379

1,667

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.26

31.3.25

£

£

Amounts falling due between one and two years:

Loan account

-

1,667

9.	LEASING AGREEMENTS

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

31.3.26

31.3.25

£

£

Within one year

4,218

-

10.	CALLED UP SHARE CAPITAL

Allocated, issued and fully paid:

Number: Class: Nominal

31.03.25

31.03.24

£

£

3,146,547 Ordinary £0.001

3,147

3,147

1,507,700 A Ordinary £0.001

1,508

1,508

125,000 B Ordinary £0.001

125

125

185,000 C Ordinary £0.001

185

185

7,083,331 D Ordinary £0.001

7,083

7,083

21,637,362 E Ordinary £0.001

21,637

21,637

8,951,578 F Ordinary £0.001

8,952

-

42,637

33,685

Shares were issued during the year as follows:

Cash at premium

8,951,578 F Ordinary shares of £0.001 for £626,610

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2025

(7,018,178

)

6,828,166

(190,012

)

Deficit for the year

(879,085

)

(879,085

)

Cash share issue

-

617,658

617,658

At 31 March 2026

(7,897,263

)

7,445,824

(451,439

)

12.	RELATED PARTY DISCLOSURES

13.	SHARE-BASED PAYMENT TRANSACTIONS

The company has in place equity-settled share-based payment plans.

The company has issued share options to staff, directors and third parties under these plans.

The directors have considered recognising a charge in respect of share based payments. However the directors have agreed that any such charge is not material to the accounts and therefore it has not been included.