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REGISTERED NUMBER: 09073600 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CONCENTRIC TECHNOLOGIES LIMITED

CONCENTRIC TECHNOLOGIES LIMITED (REGISTERED NUMBER: 09073600) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 2 |

CONCENTRIC TECHNOLOGIES LIMITED (REGISTERED NUMBER: 09073600) |

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 175,001 |  | 624,313 |  |

CURRENT ASSETS

Debtors | 5 | 6,054,127 |  | 1,368 |  |

Cash at bank | 6,157 |  | 2,791 |  |

6,060,284 |  | 4,159 |  |

CREDITORS

Amounts falling due within one year | 6 | - |  | 100 |  |

NET CURRENT ASSETS | 6,060,284 |  | 4,059 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,235,285 |  | 628,372 |  |

CAPITAL AND RESERVES

Called up share capital | 481,000 |  | 481,000 |  |

Capital redemption reserve | 144,000 |  | 144,000 |  |

Retained earnings | 5,610,285 |  | 3,372 |  |

SHAREHOLDERS' FUNDS | 6,235,285 |  | 628,372 |  |

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.

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 7 August 2026 and were signed on its behalf by:

K F Ross - Director

CONCENTRIC TECHNOLOGIES LIMITED (REGISTERED NUMBER: 09073600) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Concentric Technologies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 09073600

| Registered office: | Turnpike Gate House

| Alcester Heath

| Alcester

| Warwickshire

| B49 5JG

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.

| Investments in subsidiaries and associates

| Investments in subsidiary and associate undertakings are recognised at cost.

| Going concern

| The directors have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of Concentric Technologies group to continue as a going concern or its ability to continue with the current banking arrangements.

| On the basis of their assessment of the company's financial position the directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

| Financial instruments

| Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

| Derivatives, including forward exchange contracts, future contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

3. | EMPLOYEES AND DIRECTORS

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

4. | FIXED ASSET INVESTMENTS

| Shares in |  | Interest |

| group |  | in |

| undertakings |  | associate |  | Totals

£ | £ | £ |

| Cost

| At 1 January 2025 | 175,002 |  | 449,311 |  | 624,313 |  |

| Disposals | (1 | ) | (449,311 | ) | (449,312 | ) |

| At 31 December 2025 | 175,001 |  | - |  | 175,001 |  |

| Net book value

| At 31 December 2025 | 175,001 |  | - |  | 175,001 |  |

| At 31 December 2024 | 175,002 |  | 449,311 |  | 624,313 |  |

CONCENTRIC TECHNOLOGIES LIMITED (REGISTERED NUMBER: 09073600) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | FIXED ASSET INVESTMENTS - continued

| During the financial year, the company disposed of its investment in Geomant Global d.o.o. via a share purchase agreement with M Plus Croatia d.o.o. Total consideration under the agreement amounted to EUR 8,432,003 (£7,351,357), compromising cash consideration of EUR 3,135,000 (£2,733,218) payable in instalments and a 14.29% equity interest in GRAIA tehnologije d.o.o valued at EUR 5,297,003 (£4,618,139) which shall be exercised no later than the end of 2026. The carrying value of the investment disposed of was £449,311. Two cash tranches of EUR 750,000 (£649,407) were received during the year. The remaining unpaid cash consideration was recognised within debtors (see note 6) at the year end. The equity interest received in GRAIA tehnologije d.o.o has been recognised within current assets. The transaction gave rise to a profit on disposal recognised in the profit and loss account.

| The company also entered into a separate share purchase agreement with Geomant Global d.o.o. for the disposal of its entire holding in Graia AI Limited, consisting of one ordinary share with a nominal value of £1. Total consideration of EUR 1,000 (£854) was received.

| The remaining balance of £175,001 relates to the company's investment in Geomant Hungary, registered office of Alkotas utca 50, 1123 Budapest, Hungary, representing shares held at the reporting date.

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

2025 | 2024 |

£ | £ |

| Deferred consideration | 1,434,186 |  | - |  |

| Amounts owed by participating interests | 1,802 |  | 1,368 |  |

| Derivative asset | 4,618,139 |  | - |  |

6,054,127 |  | 1,368 |  |

| Derivative asset relates to consideration receivable under the share purchase agreement with M Plus Croatia d.o.o. This includes EUR 5.297m (£4.168m) relating to a 14.29% equity interest in GRAIA tehnologije d.o.o, which had not been issued at the balance sheet date and has therefore been recognised as a financial asset.

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | - |  | 100 |  |

7. | RELATED PARTY DISCLOSURES

| In accordance with FRS 102 section 33, the company has taken advantage of the exemption available not to disclose details of transactions entered into between wholly owned subsidiaries.

| As at the balance sheet date, the following amounts were outstanding from related parties; Geomant UK Limited £1,368 (2024: 1,368), Graia AI Ltd £434 (2024: see note 7, owed £100), M Plus Croatia £1,434,186 (2024: £NIL).

8. | ULTIMATE CONTROLLING PARTY

| The company considers its ultimate controlling parties to be Mr Viktor Gajodi and Mr Akos Farkas Vecsei.