REGISTERED NUMBER: 13983260 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MIRADRY LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Mr J C Shortley

Mr R Catlin IV

Registered office:

Suite 2, Ground Floor

Templeback

10 Temple Back

Bristol

BS1 6FL

Registered number:

13983260 (England and Wales)

Auditors:

Hayvenhursts Limited

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

CURRENT ASSETS

Stocks

181,353

159,344

Debtors

4

49,984

55,335

Cash at bank

24,859

22,606

256,196

237,285

CREDITORS

Amounts falling due within one year

5

(564,738

)

(518,197

)

NET CURRENT LIABILITIES

(308,542

)

(280,912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(308,542

)

(280,912

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(318,542

)

(290,912

)

SHAREHOLDERS' FUNDS

(308,542

)

(280,912

)

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:

Mr J C Shortley - Director

1.	STATUTORY INFORMATION

Miradry 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.

The company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources, thanks to the continued support from the parent company, to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

49,984

55,335

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments on account

3,018

668

Trade creditors

6,056

-

Amounts owed to group undertakings

540,650

506,288

Taxation and social security

3,222

1,624

Other creditors

11,792

9,617

564,738

518,197

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

The Report of the auditors was unqualified.

Gareth Williams (Senior Statutory Auditor)

for and on behalf of Hayvenhursts Limited

7.	ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Miradry, Inc., incorporated in the United States of America. Miradry Holdco, LLC (incorporated in the United States of America) is regarded by the directors as being the company's ultimate controlling party.

The largest and smallest group in which the results of the company are consolidated is that headed by Miradry Holdco, LLC., incorporated in the United States of America. The consolidated financial statements of this company are publicly available and may be obtained from 100 Bayview Circle, Suit 360, Newport Beach, CA 92660.