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REGISTERED NUMBER: 03979666 (England and Wales)

| CITYMAIN ADMINISTRATORS LIMITED |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

CITYMAIN ADMINISTRATORS LIMITED (REGISTERED NUMBER: 03979666) |

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 |

| CITYMAIN ADMINISTRATORS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | L Higham

| M M J R Sebastien

| REGISTERED OFFICE: | 3000 Lakeside North Harbour

| Western Road

| Portsmouth

| Hampshire

| PO6 3EN

| REGISTERED NUMBER: | 03979666 (England and Wales)

| AUDITORS: | MC Audit Limited

| Statutory Auditors

| Lake House

| 2 Port Way

| Port Solent

| Portsmouth

| Hampshire

| PO6 4TY

CITYMAIN ADMINISTRATORS LIMITED (REGISTERED NUMBER: 03979666) |

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 156,732 |  | 303,107 |  |

Tangible assets | 5 | 49,106 |  | 76,246 |  |

205,838 |  | 379,353 |  |

CURRENT ASSETS

Debtors | 6 | 1,071,523 |  | 1,353,270 |  |

Cash at bank and in hand | 1,194,733 |  | 971,272 |  |

2,266,256 |  | 2,324,542 |  |

CREDITORS

Amounts falling due within one year | 7 | 531,018 |  | 1,511,307 |  |

NET CURRENT ASSETS | 1,735,238 |  | 813,235 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,941,076 |  | 1,192,588 |  |

PROVISIONS FOR LIABILITIES | 63,249 |  | 30,925 |  |

NET ASSETS | 1,877,827 |  | 1,161,663 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1,150,000 |  | 1,150,000 |  |

Retained earnings | 727,827 |  | 11,663 |  |

SHAREHOLDERS' FUNDS | 1,877,827 |  | 1,161,663 |  |

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 30 July 2026 and were signed on its behalf by:

L Higham - Director

CITYMAIN ADMINISTRATORS LIMITED (REGISTERED NUMBER: 03979666) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Citymain Administrators 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.

| Citymain Administrators Limited is an insurance intermediary registered by the FCA, focused on insurance of mobiles phones and technology devices. The Company also provides call centre services.

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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Revenue

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| • |  | the amount of revenue can be measured reliably; |  |

| • |  | it is probable that the Company will receive the consideration due under the contract; |  |

| • |  | reliably; and the stage of completion of the contract at the end of the reporting period can be measured |  |

| • |  | the costs incurred and the costs to complete the contract can be measured reliably. |

| Intangible assets

| Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

| The estimated useful lives range as follows:

| Customer listing - 3 years

| Goodwill - 10 years

| Computer software - 3 years

| At each reporting date, the entity assesses whether there is any indication that an intangible asset may be impaired. If such an indication exists, the recoverable amount of the asset is estimated, being the higher of fair value less costs to sell and value in use.

CITYMAIN ADMINISTRATORS LIMITED (REGISTERED NUMBER: 03979666) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

| The estimated useful lives range as follows:

| Fixtures and fittings - 3 - 10 years straight line

| Office equipment - 4 - 10 years straight line

| Computer equipment - 3 - 4 years straight line

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

| At each reporting date, the entity assesses whether there is any indication that a tangible asset may be impaired. If such an indication exists, the recoverable amount of the asset is estimated, being the higher of fair value less costs to sell and value in use.

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

| Trade and other debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

| Trade and other creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Interest income

| Interest income is recognised in profit or loss using the effective interest method.

| Finance costs

| Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

CITYMAIN ADMINISTRATORS LIMITED (REGISTERED NUMBER: 03979666) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Research and development

| In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.

| If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

| Foreign currencies

| Functional and presentation currency

| The Company's functional and presentational currency is Great British Pound Sterling.

| Monetary amounts in these financial statements are rounded to the nearest pound.

| Transactions and balances

| Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

| At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

| Leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CITYMAIN ADMINISTRATORS LIMITED (REGISTERED NUMBER: 03979666) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Pension

| The parent entity, SPB UK & Ireland Limited, operates a defined contribution plan for all employees of the group and company (see Note 3). A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

| The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

| Going concern

| The financial statements have been prepared on a going concern basis. The Group's and Company's forecasts and projections taking account of reasonably possible changes in trading performance show that the Company should be able to operate within the level of its facilities.

| The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

| Provisions for liabilities

| Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made, they are charged to the provision carried in the balance sheet.

| Irrecoverable VAT

| Expenditure is recorded net of VAT. The company is subject to partial exemption for VAT. Irrecoverable VAT is shown separately in the income statement unless it relates to tangible fixed assets when it is charged against the same category of asset as the cost to which it relates.

3. | EMPLOYEES AND DIRECTORS

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

CITYMAIN ADMINISTRATORS LIMITED (REGISTERED NUMBER: 03979666) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | INTANGIBLE FIXED ASSETS

| Other |

| intangible |

| Goodwill |  | assets |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 125,000 |  | 877,397 |  | 1,002,397 |  |

| Disposals | (125,000 | ) | (278,192 | ) | (403,192 | ) |

| At 31 December 2025 | - |  | 599,205 |  | 599,205 |  |

| AMORTISATION

| At 1 January 2025 | 125,000 |  | 574,290 |  | 699,290 |  |

| Charge for year | - |  | 145,326 |  | 145,326 |  |

| Eliminated on disposal | (125,000 | ) | (277,143 | ) | (402,143 | ) |

| At 31 December 2025 | - |  | 442,473 |  | 442,473 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | 156,732 |  | 156,732 |  |

| At 31 December 2024 | - |  | 303,107 |  | 303,107 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025 | 730,313 |  |

| Additions | 6,759 |  |

| At 31 December 2025 | 737,072 |  |

| DEPRECIATION

| At 1 January 2025 | 654,067 |  |

| Charge for year | 33,899 |  |

| At 31 December 2025 | 687,966 |  |

| NET BOOK VALUE

| At 31 December 2025 | 49,106 |  |

| At 31 December 2024 | 76,246 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 5,600 |  | 4,812 |  |

| Amounts owed by group undertakings | 808,765 |  | 4,419 |  |

| Other debtors | 257,158 |  | 1,344,039 |  |

1,071,523 |  | 1,353,270 |  |

CITYMAIN ADMINISTRATORS LIMITED (REGISTERED NUMBER: 03979666) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

| The amounts owed by group undertakings are payable on demand and carries no interest.

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

2025 | 2024 |

£ | £ |

| Trade creditors | 26,291 |  | 51,849 |  |

| Amounts owed to group undertakings | 119,376 |  | 1,152,363 |  |

| Taxation and social security | - |  | 15,500 |  |

| Other creditors | 385,351 |  | 291,595 |  |

531,018 |  | 1,511,307 |  |

| The amounts owed to group undertakings are payable on demand and carries no interest.

8. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 17,009 |  | 34,276 |  |

| Between one and five years | 13,014 |  | 30,690 |  |

30,023 |  | 64,966 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1,150,000 | Ordinary | 1 | 1,150,000 |  | 1,150,000 |  |

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

| The Report of the Auditors was unqualified.

| P Underwood ACA (Senior Statutory Auditor)

| for and on behalf of MC Audit Limited

11. | FUNDS HELD ON BEHALF OF UNDERWRITERS

| The company operates bank accounts in respect of underwriting activities where it acts as an agent for insurers. The funds held within these accounts represent monies due to and from underwriters and policyholders and are not the assets of the company.

| As the company acts purely as agent in relation to these arrangements, these balances have not been recognised within the company’s balance sheet. At the year end, the total funds held in these accounts amounted to £1,199,274 (2024: £3,726,413).

| The company has no beneficial interest in these funds and they are held separately from the company’s own operating bank accounts.

CITYMAIN ADMINISTRATORS LIMITED (REGISTERED NUMBER: 03979666) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

12. | CONTROLLING PARTY

| The immediate parent company is SPB UK & Ireland Ltd, a company registered in England. Group accounts are prepared and can be obtained on request from the registered office. The registered address is 3000 Lakeside North Harbour, Western Road, Portsmouth, Hampshire, England, PO6 3EN.