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Company No: 10122823 (England and Wales)

# DRAGON INFOSEC LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2026
Pages for filing with the registrar

DRAGON INFOSEC LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2026

Contents

DRAGON INFOSEC LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2026
DRAGON INFOSEC LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2026

Directors | P Chard
| D Shimmon

Registered office | 2nd Floor
| 168 Shoreditch High Street
| London
| E1 6RA
| United Kingdom

Company number | 10122823 (England and Wales)

Accountant | Kreston Reeves LLP
| 2nd Floor
| 168 Shoreditch High Street
| London
| E1 6RA

DRAGON INFOSEC LIMITED

## BALANCE SHEET

As at 31 March 2026
DRAGON INFOSEC LIMITED

## BALANCE SHEET (continued)

As at 31 March 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 4 | 0 |  | 83,991
Investments | 5 | 11,426 |  | 65,589,647
|  | 11,426 |  | 65,673,638
Current assets |  |  |  |
Debtors | 6 | 23,772 |  | 5,225
Cash at bank and in hand | 7 | 58,082 |  | 83,154
|  | 81,854 |  | 88,379
Creditors: amounts falling due within one year | 8 | ( 213,740) |  | ( 877,657)
Net current liabilities |  | (131,886) |  | (789,278)
Total assets less current liabilities |  | (120,460) |  | 64,884,360
Creditors: amounts falling due after more than one year | 9 | ( 12,196,515) |  | ( 8,330,808)
Net (liabilities)/assets |  | ( 12,316,975) |  | 56,553,552
Capital and reserves |  |  |  |
Called-up share capital | 10 | 196 |  | 195
Share premium account |  | 5,303,571 |  | 5,244,029
Revaluation reserve |  | 0 |  | 56,716,731
Profit and loss account |  | ( 17,620,742 ) |  | ( 5,407,403 )
Total shareholders' (deficit)/funds |  | ( 12,316,975) |  | 56,553,552

For the financial year ending 31 March 2026 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 financial statements for the financial year 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 financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Dragon Infosec Limited (registered number: 10122823) were approved and authorised for issue by the Board of Directors on 23 July 2026. They were signed on its behalf by:

P Chard Director |

DRAGON INFOSEC LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026
DRAGON INFOSEC LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Dragon Infosec Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £12,316,975. The Company is supported through loans from the shareholders. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the shareholders will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets | not amortised

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to 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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

#### 3. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 4. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2025 | 83,991 |  | 83,991
Revaluations | ( 83,991) |  | ( 83,991)
At 31 March 2026 | 0 |  | 0
Accumulated amortisation |  |  |
At 01 April 2025 | 0 |  | 0
At 31 March 2026 | 0 |  | 0
Net book value |  |  |
At 31 March 2026 | 0 |  | 0
At 31 March 2025 | 83,991 |  | 83,991

#### 5. Fixed asset investments

Investments in subsidiaries

| 2026
| £
Cost |
At 01 April 2025 | 65,589,647
Revaluations | (65,578,221)
At 31 March 2026 | 11,426
Carrying value at 31 March 2026 | 11,426
Carrying value at 31 March 2025 | 65,589,647

#### 6. Debtors

| 2026 |  | 2025
| £ |  | £
Corporation tax | 20,000 |  | 0
Other debtors | 3,772 |  | 5,225
| 23,772 |  | 5,225

#### 7. Cash and cash equivalents

| 2026 |  | 2025
| £ |  | £
Cash at bank and in hand | 58,082 |  | 83,154

#### 8. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Trade creditors | 49,669 |  | 550
Amounts owed to Group undertakings | 37,564 |  | 841,774
Other creditors | 126,507 |  | 35,333
| 213,740 |  | 877,657

#### 9. Creditors: amounts falling due after more than one year

| 2026 |  | 2025
| £ |  | £
Convertible loan notes | 0 |  | 935,305
Other creditors | 12,196,515 |  | 7,395,503
| 12,196,515 |  | 8,330,808

There are no amounts included above in respect of which any security has been given by the small entity.

#### 10. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
19,575 Ordinary shares of £ 0.01 each (2025: 19,545 shares of £ 0.01 each) | 196 |  | 195

#### 11. Related party transactions

Other related party transactions

As at the balance sheet date included in creditors were balances owed to Lightning Rod LLC of £7,699,366 (2025: £6,470,939), Giltspur Services Ltd and John Deacon of £2,628,745 (2025: £1,659,179), Hectogon Fund LP of £1,526,272 (2025: £681,707) and Balch Hill Partners of £379,696 (2025: £360,756). All shareholders of the company.

#### 12. Ultimate controlling party

No one party controls the company.