Company No: SC389674 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	5	6,909		13,562
		6,909		13,562
Current assets
Debtors	6	506,123		798,207
Cash at bank and in hand		381,151		133,865
		887,274		932,072
Creditors: amounts falling due within one year	7	( 453,005)		( 261,350)
Net current assets		434,269		670,722
Total assets less current liabilities		441,178		684,284
Creditors: amounts falling due after more than one year	8	( 1,120,010)		( 1,195,010)
Net liabilities		( 678,832)		( 510,726)
Capital and reserves
Called-up share capital	9	10		10
Profit and loss account		( 678,842 )		( 510,736 )
Total shareholders' deficit		( 678,832)		( 510,726)

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Streamba Ltd (registered number: SC389674) were approved and authorised for issue by the Board of Directors on 25 June 2026. They were signed on its behalf by:

S Calder Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Streamba Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 28 Albyn Place, Aberdeen, AB10 1YL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

During 2025, the company refined its business model to concentrate exclusively on scalable product revenue. This strategic shift led to the managed exit from all non-product consultancy services, which has strengthened the company’s focus. The company continued to see growth in its core technology offering from new and repeat customers and invested further in developing new products. Growth forecasts for 2026 and 2027 continue to remain positive.

The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that the company has adequate resources and support to continue in operational existence for the foreseeable future. As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for software services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of software as a service and professional fees are recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software

3 - 6 years straight line

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
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 assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial 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.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	19		17

3. Share-based payments

Equity-settled share-based payment schemes

The company operates an Enterprise Management Incentive (EMI) share option scheme for certain employees and directors.

Options were granted during the year ended 31 December 2024 over ordinary shares in the company. The exercise price of the options is £0.001 per share. The options vest over a three-year period from April 2024, with full vesting on an exit event. The contractual life of the options is up to 10 years.

Details of the share options outstanding during the financial year are as follows:

	2025			2024
	Weighted Average			Weighted Average
	Number of share options	Average exercise price (£)		Number of share options	Average exercise price (£)
Outstanding at beginning of period	11,111	0.001		0	0
Granted during the period	0	0		11,111	0.001
Outstanding at the end of the period	11,111	0.001		11,111	0.001
Exercisable at the end of the period	0	0		0	0

The fair value of the options at grant date has been estimated using a Black-Scholes valuation model. Key assumptions used in the valuation include expected volatility, expected term and risk-free interest rates.

The directors have determined the fair value of the options granted and concluded that the resultant share-based payment expense is not material. Consequently, no charge has been recognised in the profit and loss account.

4. Intangible assets

	Computer software		Total
	£		£
Cost
At 01 January 2025	310,902		310,902
At 31 December 2025	310,902		310,902
Accumulated amortisation
At 01 January 2025	310,902		310,902
At 31 December 2025	310,902		310,902
Net book value
At 31 December 2025	0		0
At 31 December 2024	0		0

5. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2025	58,566		58,566
Additions	208		208
At 31 December 2025	58,774		58,774
Accumulated depreciation
At 01 January 2025	45,004		45,004
Charge for the financial year	6,861		6,861
At 31 December 2025	51,865		51,865
Net book value
At 31 December 2025	6,909		6,909
At 31 December 2024	13,562		13,562

6. Debtors

	2025		2024
	£		£
Trade debtors	395,818		671,051
Prepayments and accrued income	33,787		15,450
Corporation tax	76,518		111,706
	506,123		798,207

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	19,493		55,242
Other loans	75,000		0
Accruals and deferred income	286,529		130,371
Other taxation and social security	53,541		52,110
Other creditors	18,442		23,627
	453,005		261,350

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other loans	1,120,010		1,195,010

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100,000 Ordinary shares shares of £ 0.0001 each	10		10

10. Related party transactions

Other related party transactions

	2025		2024
	£		£
Revenue from companies that are related parties	4,658		69,655
Amounts due from companies that are related parties	0		42,653
Amounts due to companies that are related parties	0		31,604
Loans payable to companies that are related parties	1,195,010		1,195,010

Loan amounts payable to companies that are related parties are unsecured. Interest on the loan is charged at 3.3577% per annum, and the loan is repayable over a 5 year period.

11. Ultimate controlling party

In the opinion of the Directors, S Calder, a Director of the company, is the ultimate controlling party by virtue of his shareholding in the company.