At the 31st December 2025 the company's balance sheet had a negative balance. The directors review these matters regularly at Board Meetings. In each such meeting they have concluded that whilst the business is still trading at a loss:
1) There are suficient cash reserves to meet short term cash requirements; and,
2) There was a genuine and reasonable expectation that suficient funds could be raised in the short and
medium term from the potential investors with whom the Directors were currently in discussions to
provide suficient funding going forward.
In connection with events since 31 December 2025, the Company raised an additional £381,785 for which shares were issued on 31st March 2026. They are currently in process of raising additional funds from existingand new investors which should enable the business to trade through to a breakeven position in May 2027 on its current forecasts. The statement (2) above applies to this fundraise with some commitments already received from existing investors. As such the Directors are confident that the preparation of the accounts to 31 December 2025 on a going concern basis is appropriate.