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REGISTERED NUMBER: 12031891 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2026

for

Thinking Machine Systems Ltd

Thinking Machine Systems Ltd (Registered number: 12031891)

Contents of the Financial Statements

for the Year Ended 30 June 2026

Page |

Company Information | 1 |

Abridged Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

Thinking Machine Systems Ltd

Company Information

for the Year Ended 30 June 2026

| DIRECTOR: | R W Martin

| REGISTERED OFFICE: | 5th Floor

| 167-169 Great Portland Street

| London

| W1W 5PF

| REGISTERED NUMBER: | 12031891 (England and Wales)

| ACCOUNTANTS: | CDA Accountancy

| Unit 11/12 Hall Farm

| Sywell Aerodrome

| Sywell

| Northamptonshire

| NN6 0BN

Thinking Machine Systems Ltd (Registered number: 12031891)

Abridged Statement of Financial Position

30 June 2026

| 30.6.26 | 30.6.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 10,270 |  | 8,887 |  |

CURRENT ASSETS

Debtors | 245,454 |  | 179,135 |  |

Cash at bank | 112,978 |  | 132,278 |  |

358,432 |  | 311,413 |  |

CREDITORS

Amounts falling due within one year | 47,214 |  | (39,897 | ) |

NET CURRENT ASSETS | 311,218 |  | 351,310 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 321,488 |  | 360,197 |  |

CAPITAL AND RESERVES

Called up share capital | 5 | 158 |  | 158 |  |

Share premium | 1,157,925 |  | 1,157,925 |  |

Retained earnings | (836,595 | ) | (797,886 | ) |

SHAREHOLDERS' FUNDS | 321,488 |  | 360,197 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Thinking Machine Systems Ltd (Registered number: 12031891)

Abridged Statement of Financial Position - continued

30 June 2026

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 June 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2026 and were signed by:

R W Martin - Director

Thinking Machine Systems Ltd (Registered number: 12031891)

Notes to the Financial Statements

for the Year Ended 30 June 2026

1. | STATUTORY INFORMATION

| Thinking Machine Systems 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Changes in accounting standards

| This is the first year in which the financial statements have been prepared under FRS102 section 1A, issued by the Financial Reporting Council. The financial statements for the year ended 30 June 2024 were prepared under FRS105. The transition date is therefore 1 July 2023. No transitional adjustments were required.

| Turnover

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

| Tangible fixed assets

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

| Fixtures and fittings | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Financial instruments

| The company is party to only basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

| 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 statement of financial position date.

Thinking Machine Systems Ltd (Registered number: 12031891)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2026

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

| Expenditure on research and development is written off in the year in which it is incurred.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

| Hire purchase and leasing commitments

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

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2025 - 6 ) .

Thinking Machine Systems Ltd (Registered number: 12031891)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2026

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 July 2025 | 15,226 |  |

| Additions | 4,806 |  |

| At 30 June 2026 | 20,032 |  |

| DEPRECIATION

| At 1 July 2025 | 6,339 |  |

| Charge for year | 3,423 |  |

| At 30 June 2026 | 9,762 |  |

| NET BOOK VALUE

| At 30 June 2026 | 10,270 |  |

| At 30 June 2025 | 8,887 |  |

5. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.6.26 |  | 30.6.25

| value: | £ | £ |

| 151,668 | Ordinary | 0.001 | 158 |  | 158 |  |

| The shares issued during the year qualify under the Enterprise Investment Scheme (EIS). The company has obtained advance assurance from HMRC confirming that the shares meet the conditions of the scheme.