Proxisense Limited

Proxisense Limited
Directors' Report
For the year ended 31 December 2025

Director's report and financial statements

The directors present their annual report and the financial statements for the year ended 31 December 2025.

Principal activities

Principal activity of the company during the financial year was that of the intelligent monitoring of high value, complex machinery and production lines.

Directors

The directors who served the company throughout the year were as follows:

Kamaljit Singh Chana (from 16/09/2014)

Matthew Myers (from 26/06/2024 to 05/08/2025)

Philip John Radford (from 20/07/2024)

Paul Vickery (from 02/08/2016)

Parkwalk Advisors Ltd (from 23/04/2019 to 20/08/2025)

Statement of directors' responsibilities

The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

----------------------------------
Paul Vickery
Director

Date approved: 01 July 2026

Proxisense Limited
Balance Sheet
As at 31 December 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	4	76,141	85,871
Tangible fixed assets	5	5,824	11,727
		81,965	97,598
Current assets
Debtors	6	131,839	84,341
Cash at bank and in hand		73,663	197,692
		205,502	282,033
Creditors: amount falling due within one year	7	(14,017)	(11,091)
Net current assets		191,485	270,942

Total assets less current liabilities		273,450	368,540
Creditors: amount falling due after more than one year	8	(21,000)	(21,000)
Provisions for liabilities	9	(825)	(3,240)
Net assets		251,625	344,300

Capital and reserves
Called up share capital	10	294	294
Share Premium Account	11	4,154,571	4,154,571
Profit and loss account		(3,903,240)	(3,810,565)
Shareholders' funds		251,625	344,300

For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 01 July 2026 and were signed on its behalf by:

-------------------------------
Paul Vickery
Director

Proxisense Limited
Notes to the Financial Statements
For the year ended 31 December 2025

General Information

Proxisense Limited is a private company, limited by shares, registered in England and Wales, registration number 09219890, registration address Monkswell, Little Baldon, Oxford, OX44 9PU.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The Directors have adopted the going concern basis in preparing the financial statements. In assessing whether the going concern assumption is appropriate, the Directors have taken into account all relevant information about the existing status of the Company and of future potential scenarios.
As at the date of signing of these financial statements, the Directors consider that the Company has sufficient cash resources to operate for the foreseeable future. The Company anticipates a further financing round from equity investors.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Grants are accounted under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure.

Research and development expenditure

Research and development expenditure is charged to the income statement in the period in which it is incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of 10 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Test Equipment	25% Straight Line
Plant and Machinery	25% Straight Line
Office Equipment	25% Straight Line

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Directors' Emoluments

	2025 £	2024 £
Administrative Expenses
Directors Salaries	130,478	95,659
Directors Pension Contributions	-	4,680
	130,478	100,339

3.	Average number of employees Average number of employees during the year was 4 (2024 : 5).

Intangible fixed assets

Cost	Patents	Total
	£	£
At 01 January 2025	148,120	148,120
Additions	5,647	5,647
Disposals	-	-
At 31 December 2025	153,767	153,767
Amortisation
At 01 January 2025	62,249	62,249
Charge for year	15,377	15,377
On disposals	-	-
At 31 December 2025	77,626	77,626
Net book values
At 31 December 2025	76,141	76,141
At 31 December 2024	85,871	85,871

Tangible fixed assets

Cost or valuation	Test Equipment	Plant and Machinery	Office Equipment	Total
	£	£	£	£
At 01 January 2025	14,501	4,945	69,008	88,454
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 December 2025	14,501	4,945	69,008	88,454
Depreciation
At 01 January 2025	8,955	4,018	63,753	76,726
Charge for year	2,451	927	2,526	5,904
On disposals	-	-	-	-
At 31 December 2025	11,406	4,945	66,279	82,630
Net book values
Closing balance as at 31 December 2025	3,095	-	2,729	5,824
Opening balance as at 01 January 2025	5,546	927	5,254	11,727

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	-	461
Prepayments & Accrued Income	321	2,221
Corporation Tax	127,648	77,865
PAYE & Social Security	-	1,034
VAT	3,870	2,760
	131,839	84,341

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	5,323	8,091
PAYE & Social Security	5,103	-
Accrued Expenses	3,591	3,000
	14,017	11,091

Creditors: amount falling due after more than one year

	2025 £		2024 £
Debenture Loans	21,000		21,000
	21,000		21,000

Provisions for liabilities

	2025 £		2024 £
Pension Provisions	825		3,240
	825		3,240

10.

Share Capital

Authorised
20,130 ordinary shares of £0.01 each
9,250 seed preferred shares of £0.01 each

Allotted, called up and fully paid	2025 £	2024 £
20,130 ordinary shares of £0.01 each	201	201
9,250 seed preferred shares of £0.01 each	93	93
	294	294

11.

Share Premium Account

	2025 £		2024 £
Equity Share Premium b/fwd	4,154,571		4,154,571
	4,154,571		4,154,571

Registered Number: 09219890
England and Wales
PROXISENSE LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 January 2025 End date: 31 December 2025