IRIS Accounts Production v26.1.10.61 02893478 Board of Directors 1.1.25 31.12.25 31.12.25 Medium entities telecommunications provider. true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02893478 2024-12-31 02893478 2025-12-31 02893478 2025-01-01 2025-12-31 02893478 2023-12-31 02893478 2024-01-01 2024-12-31 02893478 2024-12-31 02893478 ns15:EnglandWales 2025-01-01 2025-12-31 02893478 ns14:PoundSterling 2025-01-01 2025-12-31 02893478 ns10:Director1 2025-01-01 2025-12-31 02893478 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02893478 ns10:MediumEntities 2025-01-01 2025-12-31 02893478 ns10:Audited 2025-01-01 2025-12-31 02893478 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 02893478 ns10:Medium-sizedCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02893478 ns10:FullAccounts 2025-01-01 2025-12-31 02893478 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 02893478 ns10:Director2 2025-01-01 2025-12-31 02893478 ns10:Director3 2025-01-01 2025-12-31 02893478 ns10:RegisteredOffice 2025-01-01 2025-12-31 02893478 ns5:CurrentFinancialInstruments 2025-12-31 02893478 ns5:CurrentFinancialInstruments 2024-12-31 02893478 ns5:Non-currentFinancialInstruments 2025-12-31 02893478 ns5:Non-currentFinancialInstruments 2024-12-31 02893478 ns5:ShareCapital 2025-12-31 02893478 ns5:ShareCapital 2024-12-31 02893478 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 02893478 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 02893478 ns5:ShareCapital 2023-12-31 02893478 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 02893478 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 02893478 ns5:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 02893478 ns5:FurnitureFittings 2025-01-01 2025-12-31 02893478 ns5:ComputerEquipment 2025-01-01 2025-12-31 02893478 ns5:OwnedAssets 2025-01-01 2025-12-31 02893478 ns5:OwnedAssets 2024-01-01 2024-12-31 02893478 ns5:FurnitureFittings 2024-12-31 02893478 ns5:ComputerEquipment 2024-12-31 02893478 ns5:FurnitureFittings 2025-12-31 02893478 ns5:ComputerEquipment 2025-12-31 02893478 ns5:FurnitureFittings 2024-12-31 02893478 ns5:ComputerEquipment 2024-12-31 02893478 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 02893478 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 02893478 ns5:WithinOneYear 2025-12-31 02893478 ns5:WithinOneYear 2024-12-31 02893478 ns5:BetweenOneFiveYears 2025-12-31 02893478 ns5:BetweenOneFiveYears 2024-12-31 02893478 ns5:AllPeriods 2025-12-31 02893478 ns5:AllPeriods 2024-12-31 02893478 ns5:DeferredTaxation 2024-12-31 02893478 ns5:DeferredTaxation 2025-01-01 2025-12-31 02893478 ns5:DeferredTaxation 2025-12-31 02893478 ns10:OrdinaryShareClass1 2025-12-31 02893478 ns5:RetainedEarningsAccumulatedLosses 2024-12-31

REGISTERED NUMBER: 02893478 (England and Wales)

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

TELIGENT LIMITED

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 DECEMBER 2025

Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Directors | 5 |

Report of the Independent Auditors | 7 |

Statement of Comprehensive Income | 10 |

Balance Sheet | 11 |

Statement of Changes in Equity | 12 |

Cash Flow Statement | 13 |

Notes to the Cash Flow Statement | 14 |

Notes to the Financial Statements | 15 |

TELIGENT LIMITED

COMPANY INFORMATION

for the Year Ended 31 DECEMBER 2025

| DIRECTORS: | D Aggarwal

| A Aggarwal

| D C Coomber

| REGISTERED OFFICE: | Office 314

| Merlin House

| Brunel Road

| Theale

| RG7 4AB

| REGISTERED NUMBER: | 02893478 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Mark Croasdale BSc (Hons) FCA

| AUDITORS: | Whitehead & Howarth

| Statutory Auditors

| 327 Clifton Drive South

| Lytham St Annes

| Lancashire

| FY8 1HN

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

STRATEGIC REPORT

for the Year Ended 31 DECEMBER 2025

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

The company operations are providing telecommunication software & setting up tower infrastructure encompassing design, site acquisition, tower construction and operational readiness for operators. The Altuist Group is the major holding company and distributes overseas with subsidiaries Telecom Teligent AB in Sweden being the companies direct parent.

The company's key financial and other performance indicators during the year were as follows:

| 2025 | 2024 |  | 2023 |  |

Turnover |  | £17,478,481 | £25,142,876 |  | £18,212,08 0 |  |

Gross profit |  | £4,110,102 | £3,930,388 |  | £3,900,725 |  |

Gross profit margin |  | 23.5% | 15.6% |  | 21.4% |  |

The directors consider the software side of the operations will remain consistent, the company acquired the Infra business from Daly International in February 2022. Upon acquiring the business, the company faced several challenges, as the previous promoters lacked funds and suppliers withdrew their support. However, with Teligent Limited's involvement and being a subsidiary of the Altruist Group, the Group funded all operational requirements, reestablished supplier relations, and restored operations.

In 2023, company revenues exceeded £18million. This achievement was underpinned by a substantial improvement in gross profit margins, which rose from 8.5% to 21.4%. Notably, this performance marked a significant turnaround from the previous year's losses, shifting from a £2.7million deficit in 2022 to a profit of £543,933 in 2023.

In 2024, Teligent maintained momentum following a successful 2023. The company continued to deliver both software and infrastructure services, with notable business activity from Q1 through Q3. Although Q4 experienced a temporary slowdown across the industry-attributable to the uncertainty surrounding the proposed Vodafone and Three merger-Teligent maintained its operational resilience and client engagement. Management maintained its focus on enhancing profitability and consolidating operational strengths.

In 2025, saw a reduction in overall turnover as the Vodafone-Three merger impacted the wider industry with other operators diverting budgets into fibre networks, rather than the 5G upgrades. This impacted our main build programme and while other projects and clients did see an increase in turnover, this could not offset the whole amount, especially when taking into consideration the delay in Vodafone -Three deployment once the merger was finalised.

Market and Strategic Position:

The telecommunications industry is continually changing and Teligent have seen the opportunity to focus on changing its resource through 2025 and focus on bringing in house the key resource requirements. This has led to a reduction in dependence on 3rd party suppliers and made the business more agile and quality driven which is increasing our reputation.

Outlook:

Despite a slower start to 2026 due to merger-related market hesitation and changes in strategic visions within the operators, Teligent expects to see growth accelerate through the year as the market adjusts. With support from the Altruist Group and its strong telecom heritage, the company is proactively securing new contracts with operators, vendors, and portfolio managers. The company is confident in significantly improving its balance sheet and achieving overall profitability for fiscal year 2026.

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

STRATEGIC REPORT

for the Year Ended 31 DECEMBER 2025

PRINCIPAL RISKS AND UNCERTAINTIES

The company's activities expose it to a number of financial risks including credit risk, interest rate risk and liquidity risk.

The company's principal financial instruments comprise bank balances, invoice discounting arrangements, trade debtors, trade creditors, loans to the business and finance lease agreements. The main purpose of these instruments is to finance the company's operations.

Objectives and policies

The principal risks and uncertainties to which the company is subject are:

- People

- Macro economic environment

- Competition

People - The resignation of key individuals and the inability to recruit talented people could adversely affect the company results. The risk is mitigated by succession planning, training of staff and by implementing appropriate pay structures.

Macro economic environment - Telecommunication infrastructure activity is largely driven by economic cycles and the levels of business confidence.

Competition - The degree of competition varies by region and by sector. The group's risk is spread by the diversity of the sectors in which it operates.

Position of the business

At the end of the period, the company had negative shareholder funds of £221,732 (2024 - £264,828 -ve).

Price risk, credit risk, liquidity risk and cash flow risk

In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of invoice discounting arrangements at floating rates of interest. All of the business' cash balances are held in such a way that achieves a competitive rate of interest.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.

Trade creditors liquidity risk is managed by ensuring that sufficient funds are available to meet amounts due.

Loans are comprised entirely of loans from intergroup companies, with variable rates of interest. The business manages the liquidity risk by ensuring that there are sufficient funds to meet any repayments that are due.

The business is a lessee in respect of finance leased assets. The liquidity risk in respect of these is managed by ensuring that there are sufficient funds to meet any repayments that are

The directors acknowledge that success in this sector depends on timely execution, strategic pricing, and effective risk management. Market dynamics-including mergers, regulatory approvals, and operator budget cycles-can introduce uncertainty. However, the company mitigates these risks through a diversified client base, proactive engagement, and ongoing support from the Altruist Group.

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

STRATEGIC REPORT

for the Year Ended 31 DECEMBER 2025

FUTURE DEVELOPMENTS

As for many businesses of our size, the environment in which the company operates continues to be challenging. The industry is subject to constraints on spending partly brought about by uncertainty in the European economy and partly by other factors. With these risks and uncertainties in mind, the directors are aware that any plans for future development of the company may be subject to unforeseen future events outside of their control. Nevertheless, the directors consider that the company is well placed to sustain the current level of activity in the foreseeable future.

ON BEHALF OF THE BOARD:

A Aggarwal - Director

4 July 2026

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

REPORT OF THE DIRECTORS

for the Year Ended 31 DECEMBER 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

RESEARCH AND DEVELOPMENT

As part of its strategic vision to enhance operational efficiency and future-proof its service delivery, Teligent has initiated a focused R&D drive to automate several internal processes. Leveraging Robotic Process Automation (RPA), Artificial Intelligence (AI), and other advanced automation technologies, the company is targeting a range of backend functions-including project tracking, reporting, invoicing workflows, and data validation-to reduce manual effort, minimise errors, and accelerate turnaround times.

Pilot programs have already yielded promising results in terms of cost savings and time efficiency. In 2026, Teligent aims to expand these automation efforts across departments, embedding smart tools and data-driven insights into day-to-day operations. These initiatives form a core part of Teligent's commitment to innovation and continuous improvement, ensuring scalability and resilience as the telecom landscape evolves.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

D Aggarwal

A Aggarwal

Other changes in directors holding office are as follows:

D C Coomber was appointed as a director after 31 December 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

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 judgements 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 are sufficient to show and explain the company's transactions and 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. They 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

REPORT OF THE DIRECTORS

for the Year Ended 31 DECEMBER 2025

AUDITORS

The auditors, Whitehead & Howarth, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A Aggarwal - Director

4 July 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

TELIGENT LIMITED

Opinion

We have audited the financial statements of Teligent Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

TELIGENT LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In our assessment of the financial statements and their susceptibility to material misstatement and how fraud may occur we have considered the nature of the industry and sector the client operates in and the control environment and remuneration policies for key management. Communication with management and review of documentation is performed and discussions among the audit team takes place to identify and review the areas offering the greatest potential for fraud or error such as the timing of recognition of commercial income, complex transactions or unusual journal entries.

We have obtained an understanding of the legal and regulatory framework that the company operates in and focus on those laws or regulations which are considered central to the entity and the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included UK Companies Act, employment law, health and safety and tax legislation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

TELIGENT LIMITED

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Croasdale BSc (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Whitehead & Howarth

Statutory Auditors

327 Clifton Drive South

Lytham St Annes

Lancashire

FY8 1HN

4 July 2026

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

STATEMENT OF COMPREHENSIVE INCOME

for the Year Ended 31 DECEMBER 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

TURNOVER | 17,478,481 |  | 25,142,876 |  |

Cost of sales | 13,368,379 |  | 21,212,488 |  |

GROSS PROFIT | 4,110,102 |  | 3,930,388 |  |

Distribution costs | 67,295 |  | 76,447 |  |

Administrative expenses | 3,874,520 |  | 3,542,034 |  |

|  |  | 3,941,815 |  |  |  |  | 3,618,481 |  |

168,287 |  | 311,907 |  |

Other operating income | 79,435 |  | 187,113 |  |

OPERATING PROFIT | 4 | 247,722 |  | 499,020 |  |

Interest receivable and similar income | 4,485 |  | 7,557 |  |

252,207 |  | 506,577 |  |

Interest payable and similar expenses | 5 | 150,268 |  | 141,942 |  |

PROFIT BEFORE TAXATION | 101,939 |  | 364,635 |  |

Tax on profit | 6 | 58,843 |  | (8,891 | ) |

PROFIT FOR THE FINANCIAL YEAR | 43,096 |  | 373,526 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 43,096 |  | 373,526 |  |

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

BALANCE SHEET

31 DECEMBER 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 7 | 241,182 |  | 10,407 |  |

CURRENT ASSETS

Stocks | 8 | 54,793 |  | 89,174 |  |

Debtors | 9 | 6,427,820 |  | 4,782,155 |  |

Cash at bank | 214,035 |  | 1,042,622 |  |

6,696,648 |  | 5,913,951 |  |

CREDITORS

Amounts falling due within one year | 10 | 2,669,110 |  | 2,173,269 |  |

NET CURRENT ASSETS | 4,027,538 |  | 3,740,682 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,268,720 |  | 3,751,089 |  |

CREDITORS

Amounts falling due after more than one year | 11 | (4,435,392 | ) | (4,015,917 | ) |

PROVISIONS FOR LIABILITIES | 13 | (55,060 | ) | - |  |

NET LIABILITIES | (221,732 | ) | (264,828 | ) |

CAPITAL AND RESERVES

Called up share capital | 14 | 208,000 |  | 208,000 |  |

Retained earnings | 15 | (429,732 | ) | (472,828 | ) |

SHAREHOLDERS' FUNDS | (221,732 | ) | (264,828 | ) |

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2026 and were signed on its behalf by:

A Aggarwal - Director

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

STATEMENT OF CHANGES IN EQUITY

for the Year Ended 31 DECEMBER 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 January 2024 | 208,000 |  | (846,354 | ) | (638,354 | ) |

Changes in equity

Total comprehensive income | - |  | 373,526 |  | 373,526 |  |

Balance at 31 December 2024 | 208,000 |  | (472,828 | ) | (264,828 | ) |

Changes in equity

Total comprehensive income | - |  | 43,096 |  | 43,096 |  |

Balance at 31 December 2025 | 208,000 |  | (429,732 | ) | (221,732 | ) |

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

CASH FLOW STATEMENT

for the Year Ended 31 DECEMBER 2025

| 31.12.25 |  | 31.12.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | (827,624 | ) | (802,222 | ) |

Interest paid | (150,268 | ) | (141,942 | ) |

Net cash from operating activities | (977,892 | ) | (944,164 | ) |

Cash flows from investing activities

Purchase of tangible fixed assets | (274,583 | ) | - |  |

Interest received | 4,485 |  | 7,557 |  |

Net cash from investing activities | (270,098 | ) | 7,557 |  |

Cash flows from financing activities

Group loan movement | 419,474 |  | (95,644 | ) |

Amount withdrawn by directors | (71 | ) | - |  |

Net cash from financing activities | 419,403 |  | (95,644 | ) |

Decrease in cash and cash equivalents | (828,587 | ) | (1,032,251 | ) |

Cash and cash equivalents at beginning of year | 2 | 1,042,622 |  | 2,074,873 |  |

Cash and cash equivalents at end of year | 2 | 214,035 |  | 1,042,622 |  |

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

NOTES TO THE CASH FLOW STATEMENT

for the Year Ended 31 DECEMBER 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 31.12.25 |  | 31.12.24

£ | £ |

| Profit before taxation | 101,939 |  | 364,635 |  |

| Depreciation charges | 43,809 |  | 47,621 |  |

| Finance costs | 150,268 |  | 141,942 |  |

| Finance income | (4,485 | ) | (7,557 | ) |

291,531 |  | 546,641 |  |

| Decrease in stocks | 34,381 |  | 85,386 |  |

| Increase in trade and other debtors | (1,649,377 | ) | (1,602,833 | ) |

| Increase in trade and other creditors | 495,841 |  | 168,584 |  |

| Cash generated from operations | (827,624 | ) | (802,222 | ) |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 December 2025

| 31.12.25 |  | 1.1.25

£ | £ |

| Cash and cash equivalents | 214,035 |  | 1,042,622 |  |

| Year ended 31 December 2024

| 31.12.24 |  | 1.1.24

£ | £ |

| Cash and cash equivalents | 1,042,622 |  | 2,074,873 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.1.25 | Cash flow | At 31.12.25

£ | £ | £ |

| Net cash |

| Cash at bank | 1,042,622 |  | (828,587 | ) | 214,035 |  |

1,042,622 |  | (828,587 | ) | 214,035 |  |

| Total | 1,042,622 |  | (828,587 | ) | 214,035 |  |

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Teligent 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| As a result of trading losses, shareholders' funds currently report a negative balance of £221,732. Thanks to the ongoing backing of the Altruist Group and the operational successes recorded, the directors are confident in the company's ability to continue operating as a going concern. This belief is further supported by a robust pipeline of opportunities in 2026. The directors remain committed to driving the company's growth, improving operational efficiencies, and maintaining strong client relationships across its software and infrastructure offerings.The company is dependent, in the absence of other funding on the continued financial support of it's parent companies, they have confirmed their commitment to provide the necessary support and the directors consider it is appropriate to prepare the financial statements on a going concern basis which assumes the company will continue in operational existence for the foreseeable future.

| Judgements and estimation uncertainty

| The preparation of the financial statements requires the use of certain judgements, estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenses. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Changes in accounting estimates may be necessary if there are changes in the circumstances on which the estimate was based or as a result of new information or more experience. Significant accounting policies, estimate and assumptions, and judgements are provided below.

| Work in progress - The company has recognised work in progress on apportioning costs over the purchase order, the % of job completion is an estimate on review of the data available and knowledge of the client work.

| Accrued income - The company has recognised accrued income by considering build costs, the stage of completion a project has reached and what is due to be invoiced by contractors on each project.

| Turnover

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

| Revenue from project work is recognised over time by reference to the stage of completion, determined using cost incurred relative to total expected costs, reflecting the transfer of services to the customer.

| Maintenance income is recognised on a straight-line basis over the period of the contract.

| Other service income is recognised as the services are provided. Where invoices are raised in advance or arrears, appropriate adjustments are made for accrued or deferred income.

| 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 | - | 33% on cost

| Computer equipment | - | 33% on cost

| Tangible assets are initially measured at cost and subsequently measured at cost, net of depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Stock inventories

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

| Cost comprises of average invoice cost exclusive of VAT, together with freight & carriage costs. Net realisable value comprises of actual or estimated selling price less all further costs to completion or to be incurred in marketing, selling and distribution.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

| Functional and presentation currency

| Items included in the financial statements are presented in 'Sterling £GBP, the currency of the primary economic environment in which the entity operates (the 'functional currency').

| Transactions and balances

| Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction or at a contracted rate. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date or the contracted rate. Non-monetary items that are measured at historical cost are translated at the foreign exchange rate ruling at the date of the transaction. Non-monetary items measured at fair value are translated at the rate of exchange at the date of the valuation. All differences are taken to the profit and loss account as part of the fair value gain or loss.

| 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.

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 DECEMBER 2025

3. | EMPLOYEES AND DIRECTORS

| 31.12.25 |  | 31.12.24

£ | £ |

| Wages and salaries | 4,615,531 |  | 4,188,381 |  |

| Social security costs | 586,126 |  | 481,633 |  |

| Other pension costs | 230,463 |  | 205,908 |  |

5,432,120 |  | 4,875,922 |  |

| The average number of employees during the year was as follows:

| 31.12.25 |  | 31.12.24

| Engineers | 55 |  | 56 |  |

| Administration | 21 |  | 23 |  |

| Management | 3 |  | 3 |  |

79 |  | 82 |  |

| 31.12.25 |  | 31.12.24

£ | £ |

| Directors' remuneration | - |  | - |  |

4. | OPERATING PROFIT

| The operating profit is stated after charging:

| 31.12.25 |  | 31.12.24

£ | £ |

| Other operating leases | 315,855 |  | 336,736 |  |

| Depreciation - owned assets | 43,808 |  | 47,621 |  |

| Auditors' remuneration | 6,450 |  | 6,450 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 31.12.25 |  | 31.12.24

£ | £ |

| Loan interest | 150,268 |  | 141,942 |  |

6. | TAXATION

| Analysis of the tax charge/(credit)

| The tax charge/(credit) on the profit for the year was as follows:

| 31.12.25 |  | 31.12.24

£ | £ |

| Deferred tax | 58,843 |  | (8,891 | ) |

| Tax on profit | 58,843 |  | (8,891 | ) |

| UK corporation tax was charged at 25%) in 2024.

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 DECEMBER 2025

6. | TAXATION - continued

| Reconciliation of total tax charge/(credit) included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 31.12.25 |  | 31.12.24

£ | £ |

| Profit before tax | 101,939 |  | 364,635 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 25,485 |  | 91,159 |  |

| Effects of:

| Expenses not deductible for tax purposes | 2,177 |  | 919 |  |

| Utilisation of tax losses | 31,181 |  | (102,581 | ) |

| respect of previous periods |

| Deferred tax | - |  | 1,612 |  |

| Total tax charge/(credit) | 58,843 |  | (8,891 | ) |

7. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 76,950 |  | 282,326 |  | 359,276 |  |

| Additions | - |  | 274,583 |  | 274,583 |  |

| At 31 December 2025 | 76,950 |  | 556,909 |  | 633,859 |  |

| DEPRECIATION

| At 1 January 2025 | 74,036 |  | 274,833 |  | 348,869 |  |

| Charge for year | 2,914 |  | 40,894 |  | 43,808 |  |

| At 31 December 2025 | 76,950 |  | 315,727 |  | 392,677 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | 241,182 |  | 241,182 |  |

| At 31 December 2024 | 2,914 |  | 7,493 |  | 10,407 |  |

8. | STOCKS

| 31.12.25 |  | 31.12.24

£ | £ |

| Stocks | 54,793 |  | 61,444 |  |

| Work-in-progress | - |  | 27,730 |  |

54,793 |  | 89,174 |  |

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 DECEMBER 2025

9. | DEBTORS

| 31.12.25 |  | 31.12.24

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 3,763,148 |  | 2,435,724 |  |

| Directors' current accounts | 71 |  | - |  |

| Deferred tax asset | - |  | 3,783 |  |

| Prepayments | 2,613,226 |  | 2,291,273 |  |

6,376,445 |  | 4,730,780 |  |

| Amounts falling due after more than one year:

| Other debtors | 51,375 |  | 51,375 |  |

| Aggregate amounts | 6,427,820 |  | 4,782,155 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 1,465,879 |  | 1,378,629 |  |

| Social security and other taxes | 312,595 |  | 98,073 |  |

| VAT | 369,837 |  | 302,288 |  |

| Other creditors | 29,828 |  | 86,254 |  |

| Accruals and deferred income | 490,971 |  | 308,025 |  |

2,669,110 |  | 2,173,269 |  |

11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Amounts owed to group undertakings | 4,435,392 |  | 4,015,917 |  |

12. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.12.25 |  | 31.12.24

£ | £ |

| Within one year | 162,861 |  | - |  |

| Between one and five years | 81,430 |  | 377,842 |  |

244,291 |  | 377,842 |  |

13. | PROVISIONS FOR LIABILITIES

| 31.12.25 |

£ |  |

| Deferred tax | 55,060 |  |

TELIGENT LIMITED (REGISTERED NUMBER: 02893478)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 DECEMBER 2025

13. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | (3,783 | ) |

| Provided during year | 58,843 |  |

| Balance at 31 December 2025 | 55,060 |  |

14. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 208,000 | Ordinary | £1 | 208,000 |  | 208,000 |  |

15. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2025 | (472,828 | ) |

| Profit for the year | 43,096 |  |

| At 31 December 2025 | (429,732 | ) |

16. | CONTROL OF THE COMPANY

| The company was controlled 100% during the year by its parent company, Teligent Telecom AB, a company registered in Sweden. Teligent Telecom AB is 100% controlled by Altruist Technologies Private Limited, a company registered in India.