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REGISTERED NUMBER: 05876382 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| GAPFORCE (LONDON) LTD. |

GAPFORCE (LONDON) LTD. (REGISTERED NUMBER: 05876382)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

GAPFORCE (LONDON) LTD.

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr L Andrews

| Mr J Catterall

| Ms C La Monica-Lunn

| REGISTERED OFFICE: | 80 Cheapside

| London

| EC2V 6EE

| REGISTERED NUMBER: | 05876382 (England and Wales)

| AUDITORS: | Cube Partners Limited

| Chartered Accountants and Registered Auditors

| 5 Giffard Court

| Millbrook Close

| Northampton

| Northamptonshire

| NN5 5JF

GAPFORCE (LONDON) LTD. (REGISTERED NUMBER: 05876382)

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 789 |  | 1,289 |  |

CURRENT ASSETS

Debtors | 5 | 199,090 |  | 182,105 |  |

Cash at bank | 136,897 |  | 163,198 |  |

335,987 |  | 345,303 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,309,310 |  | 1,061,983 |  |

NET CURRENT LIABILITIES | (973,323 | ) | (716,680 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (972,534 | ) | (715,391 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | 10,769 |  | 21,146 |  |

NET LIABILITIES | (983,303 | ) | (736,537 | ) |

CAPITAL AND RESERVES

Called up share capital | 410,100 |  | 410,100 |  |

Retained earnings | (1,393,403 | ) | (1,146,637 | ) |

(983,303 | ) | (736,537 | ) |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2026 and were signed on its behalf by:

Mr J Catterall - Director

GAPFORCE (LONDON) LTD. (REGISTERED NUMBER: 05876382)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Gapforce (London) Ltd. 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.

| 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 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.

| Turnover

| Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from services is recognised when the service is provided and the right to consideration earned. To the extent that the service is provided but no billing made, the amount is recognised as revenue and recorded as accrued income. Sales made in advance of services being provided are recognised as deferred income.

| 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

| Tangible fixed assets are stated at historical cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible 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). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

GAPFORCE (LONDON) LTD. (REGISTERED NUMBER: 05876382)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

| 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.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans and loans from fellow group companies 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.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| Foreign currencies

| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

GAPFORCE (LONDON) LTD. (REGISTERED NUMBER: 05876382)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Going concern

| The Directors have prepared these financial statements on a going concern basis. They have considered all information available to them concerning the foreseeable future and concluded that the financial statements should be prepared on a going concern basis but have identified that a material uncertainty exists because of the continued losses reported by the company, and the net liability position of the balance sheet at the reporting date.

| The company is reliant on the continued support from the ultimate parent company, InterExchange Inc. At the balance sheet date, the company has net liabilities of £983,303 (2024: £736,537), which includes £1,008,876 (2024: £750,624) due to the parent company, Interests Abroad Holdings Inc.

| The directors have received reassurances from InterExchange Inc, that financial support will continue for the foreseeable future. Consequently, the directors have a reasonable expectation that the company will have sufficient funds to continue to meet its liabilities as they fall due for the foreseeable future and therefore have prepared the financial statements on a going concern basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 4 ) .

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 2,305 |  |

| DEPRECIATION

| At 1 January 2025 | 1,016 |  |

| Charge for year | 500 |  |

| At 31 December 2025 | 1,516 |  |

| NET BOOK VALUE

| At 31 December 2025 | 789 |  |

| At 31 December 2024 | 1,289 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 184,599 |  | 163,723 |  |

| Amounts owed by group undertakings | 1,260 |  | 2,760 |  |

| Other debtors | 13,231 |  | 15,622 |  |

199,090 |  | 182,105 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 10,248 |  | 9,990 |  |

| Trade creditors | 7,735 |  | 18,435 |  |

| Amounts owed to group undertakings | 1,008,876 |  | 750,624 |  |

| Taxation and social security | 6,170 |  | 5,953 |  |

| Other creditors | 276,281 |  | 276,981 |  |

1,309,310 |  | 1,061,983 |  |

GAPFORCE (LONDON) LTD. (REGISTERED NUMBER: 05876382)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 10,769 |  | 21,146 |  |

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Steven Jones (Senior Statutory Auditor)

| for and on behalf of Cube Partners Limited

9. | RELATED PARTY DISCLOSURES

| Included within debtors is £1,260 (2024: £2,760) due from the ultimate parent company, InterExchange Inc.

| Included within creditors is £1,008,876 (2024: £750,624) due to the parent company, Interests Abroad Holdings Inc. Interests Abroad Holdings Inc has confirmed in a letter of support that they will not call upon the balance for a period of at least twelve months from when the financial statements are authorised for issue.

10. | ULTIMATE CONTROLLING PARTY

| The parent company of Gapforce (London) Ltd. is Interests Abroad Holdings Inc, a company incorporated in the United States of America with registered address 100 Wall Street, Suite 301, New York, NY 10005, United States of America.

| The largest group in which the results of the company are consolidated is that headed by the ultimate parent company, InterExchange Inc, a company incorporated in the United States of America with registered address 100 Wall Street, Suite 301, New York, NY 10005, United States of America.