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REGISTERED NUMBER: 15179776 (England and Wales)

| PIQNIQ LTD |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

PIQNIQ LTD (REGISTERED NUMBER: 15179776)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Accountants' Report | 7 |

PIQNIQ LTD

COMPANY INFORMATION

for the year ended 31 December 2025

| DIRECTORS: | M C Cocker

| A Pearson

| K M Sharpe

| REGISTERED OFFICE: | Work.Life Soho

| Waverley House

| 9 Noel Street

| London

| W1F 8GQ

| REGISTERED NUMBER: | 15179776 (England and Wales)

| ACCOUNTANTS: | Bessler Hendrie LLP

| Chartered Accountants

| Ashbourne House

| The Guildway

| Old Portsmouth Road

| Guildford

| Surrey

| GU3 1LR

PIQNIQ LTD (REGISTERED NUMBER: 15179776)

BALANCE SHEET

31 December 2025

2025 | 2024 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 5 | 4,721 |  | 1,862 |  |

CURRENT ASSETS

Debtors | 6 | 1,250,864 |  | 6,606 |  |

Cash at bank | 174,593 |  | 167,738 |  |

1,425,457 |  | 174,344 |  |

CREDITORS

Amounts falling due within one year | 7 | (1,242,468 | ) | (131,831 | ) |

NET CURRENT ASSETS | 182,989 |  | 42,513 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 187,710 |  | 44,375 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (23,514 | ) | (34,514 | ) |

PROVISIONS FOR LIABILITIES | (1,180 | ) | - |  |

NET ASSETS | 163,016 |  | 9,861 |  |

CAPITAL AND RESERVES

Called up share capital | 3 |  | 2 |  |

Share premium | 4,999 |  | - |  |

Retained earnings | 158,014 |  | 9,859 |  |

163,016 |  | 9,861 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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.

PIQNIQ LTD (REGISTERED NUMBER: 15179776)

BALANCE SHEET - continued

31 December 2025

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 4 August 2026 and were signed on its behalf by:

A Pearson - Director

PIQNIQ LTD (REGISTERED NUMBER: 15179776)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2025

1. | STATUTORY INFORMATION

| Piqniq 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.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is recognised at the fair value of consideration receivable for services provided in the ordinary course of business, excluding VAT.

| Turnover for media planning, advertising and marketing is recognised at the point of service or at agreed contract milestones.

| Tangible fixed assets

| Tangible fixed assets are stated at their historic cost price less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for use. The asset's residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date.

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc - 33% on cost

| On disposal the difference between the net proceeds and carrying amount of the item sold is recognised in the income statement, and included in administrative expenses.

| 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.

PIQNIQ LTD (REGISTERED NUMBER: 15179776)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| Financial instruments

| Financial instruments are classified by the directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any non-basic financial instruments.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 2 ) .

5. | TANGIBLE FIXED ASSETS

Plant and |

machinery |

etc |

| £

| COST

| At 1 January 2025 | 2,581 |  |

| Additions | 4,577 |  |

| At 31 December 2025 | 7,158 |  |

| DEPRECIATION

| At 1 January 2025 | 719 |  |

| Charge for year | 1,718 |  |

| At 31 December 2025 | 2,437 |  |

| NET BOOK VALUE

| At 31 December 2025 | 4,721 |  |

| At 31 December 2024 | 1,862 |  |

PIQNIQ LTD (REGISTERED NUMBER: 15179776)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

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

2025 | 2024 |

| £ | £

| Trade debtors | 105,158 |  | - |  |

| Other debtors | 1,145,706 |  | 6,606 |  |

1,250,864 |  | 6,606 |  |

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

2025 | 2024 |

| £ | £

| Trade creditors | 1,068,373 |  | 62,263 |  |

| Taxation and social security | 95,904 |  | 16,330 |  |

| Other creditors | 78,191 |  | 53,238 |  |

1,242,468 |  | 131,831 |  |

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

2025 | 2024 |

| £ | £

| Other creditors | 23,514 |  | 34,514 |  |

| Included within other creditors is a balance of £31,664 payable to the directors of which £8,150 is payable within one year and the balance repayable after one year. Interest is charged on the loan at market rate.

9. | LEASING AGREEMENTS

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

2025 | 2024 |

| £ | £

| Within one year | 32,823 |  | - |  |

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

PIQNIQ LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Piqniq Ltd for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Piqniq Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Piqniq Ltd and state those matters that we have agreed to state to the Board of Directors of Piqniq Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Piqniq Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Piqniq Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Piqniq Ltd. You consider that Piqniq Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Piqniq Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors which obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

PIQNIQ LTD

4 August 2026