B9Lab Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 09949711

		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		48,833
Tangible Assets	5		-		396
Investments	6		-		3,919

			-		53,148
CURRENT ASSETS
Debtors	7	17,598		34,559
Investments		12,197		-
Cash at bank and in hand		5,253		76

		35,048		34,635
Creditors: Amounts Falling Due Within One Year	8	(206,678 )		(312,839 )

NET CURRENT ASSETS (LIABILITIES)			(171,630 )		(278,204 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(171,630 )		(225,056 )

NET LIABILITIES			(171,630 )		(225,056 )

CAPITAL AND RESERVES
Called up share capital			3,333		3,333
Profit and Loss Account			(174,963 )		(228,389 )

SHAREHOLDERS' FUNDS			(171,630)		(225,056)

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B9Lab Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Damien Ducourty

Director

10 July 2026

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

B9Lab Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 09949711 . The registered office is 20-22 Wenlock Road, London, England, N1 7GU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The directors do not consider B9Lab Ltd to be a going concern and therefore have prepared the financial statements on the break up basis.

2.2. Turnover

Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover is recognised at the point of invoice.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets consist of cryptocurrencies and are measured originally at cost and then restated to their fair value at the end of the financial year.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer equipment

33.33% straight line

2.5. Financial Instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classified as basic financial instruments and are recognised at transaction price less any impairment. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Other debtors and creditors are measured at amortised cost using the effective interest rate method.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with 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. Equity instruments issued by the company are recorded at the proceeds received.

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B9Lab Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.

2.8. Investments

All investments are carried at cost. They are not revalued unless there is an active market in which a valuation can be reliably determined.

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B9Lab Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

3. Average Number of Employees

	2026	2025
Average number of employees, including directors, during the year	4	4

	4	4

4. Intangible Assets

	Other
	£
Cost or Valuation
As at 1 February 2025	48,833
Additions	15,530
Revaluations	(18,022 )
Disposals	(38,076 )
Transfers	(8,265 )

As at 31 January 2026	-

Net Book Value
As at 31 January 2026	-

As at 1 February 2025	48,833

5. Tangible Assets

	Computer equipment
	£
Cost
As at 1 February 2025	22,990
Transfers	(22,990 )

As at 31 January 2026	-

Depreciation
As at 1 February 2025	22,594
Provided during the period	383
Transfers	(22,977 )

As at 31 January 2026	-

Net Book Value
As at 31 January 2026	-

As at 1 February 2025	396

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B9Lab Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Investments

	Other
	£
Cost or Valuation
As at 1 February 2025	246,350
Transfers	(3,919 )

As at 31 January 2026	242,431

Provision
As at 1 February 2025	242,431

As at 31 January 2026	242,431

Net Book Value
As at 31 January 2026	-

As at 1 February 2025	3,919

7. Debtors

	2026	2025 as restated
	£	£
Due within one year
Trade debtors	17,598	-
Amounts owed by group undertakings	-	16,737
Other debtors	-	17,822

	17,598	34,559

8. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Trade creditors	7,346	62,557
Bank loans and overdrafts	3	33,193
Amounts owed to group undertakings	3,496	-
Other creditors	4,313	40,700
Taxation and social security	191,520	176,389

	206,678	312,839

9. Related Party Transactions

The amount due to group undertaking at the year end was £3,496 (2025 : £16,737 Dr).

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B9Lab Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

10. Prior Year Adjustment

During the preparation of the current year financial statements, it was identified that crypto assets received on account from a customer prior to the previous year-end were omitted from the crypto asset reports used in the year-end valuation exercise.

The customer payment on account of £35,481 had been correctly recognised within the accounting records as a liability, pending the raising of the sales invoice in February of the following year. However, the related crypto holdings was adjusted out of the intangible as a fair value revaluation.

As a result, the crypto revaluation included within intangible asset balance at the prior year-end was overstated by £35,481, and the fair value adjustment on the profit and loss understated, meaning the retained earnings was also understated.

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