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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Transalis Limited is a private company limited by shares incorporated in England and Wales. The registered office is Blake Morgan, New Kings Court, Tollgate, Chandlers Ford, Eastleigh, Hampshire, United Kingdom, SO53 3LG. The principal place of business is Technopole Building, Kingston Crescent, Portsmouth, Hampshire, United Kingdom, PO2 8FA.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover comprises the fair value of the consideration received or receivable for the provision of providing online services relating to the electronic supply chain to customers in the ordinary course of the company’s activities. Turnover is shown net of sales value added tax, returns, rebates and discounts. Revenue is recognised in the period to which it relates and is deferred where apprioriate.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Intangible assets that have been internally generated are recognised at cost and, once in operation, are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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).

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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

As described in note 8 to the financial statements, the s.455 tax debtor has been classified as a non-current debtor. The decision was made on the basis that there is no contractual obligation for the directors to repay the loans within a certain timeframe, and that there are no current plans for their repayment.

The average monthly number of persons (including directors) employed by the company during the year was:

On 19 March 2025 the intangible asset, being the development costs relating to the Fluo Platform, was transferred from Transalis Limited to Fluo Finance Limited (a wholly owned subsidiary of Fluo Financial Services Limited) in accordance with the Asset Transfer Agreement of the same date. The consideration was £61,500.

During the year, the company disposed of fixed asset investments, relating to the shares held in Fluo Financial Services Limited with a carrying value of £10, to its shareholders by way of a dividend in specie.

Details of the company's subsidiaries at 31 December 2025 are as follows:

The principal activity of Transalis (Cyprus) Limited is that of providing online services relating to the electronic supply chain.

£351,736 (2024 - £351,736) relates to s455 tax repayable to the company on overdrawn loan accounts and is classified as non-current.

Other creditors are partly secured by way of personal guarantees from A Sabatino and P Simpson.

Other creditors are partly secured by way of personal guarantees from A Sabatino and P Simpson.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

There were no non-cancellable operating lease payments recognised as an expense during the year (2024- nil).

During the year the company made purchases from Viridian Corporate Finance Ltd of £10,631 (2024 - £16,056), a company of which Stephen Furner is a director. At 31 December 2025 the company owed Viridian Corporate Finance Ltd £12,758 (2024 - £19,268).

As explained in note 5, on 19 March 2025 the intangible asset, being the development costs relating to the Fluo Platform, was transferred from Transalis Limited to Fluo Finance Limited (a wholly owned subsidiary of Fluo Financial Services Limited) in accordance with the Asset Transfer Agreement of the same date. The consideration was £61,500.

At the balance sheet date £122,348 was owed to the company by Fluo Finance Limited.

Following the transaction noted above, the shareholding in Fluo Financial Services Limited was transferred from Transalis Limited to shareholders of Transalis Limited, by way of a Dividend in Specie.

The company has adopted the exemption from disclosing transactions with wholly owned group companies.

During the year the company repaid the Directors for purchases made on behalf of the company of £3,068 (2024 - £3,507). At 31 December 2025 the company owed the Directors £3,076 (2024 - £1,427).

Advances or credits have been granted by the company to its directors as follows:

No interest is charged on the loans to the Directors, which are repayable on demand.