REGISTERED NUMBER: SC799363 (Scotland)

Financial Statements

for the Year Ended 31 December 2025

for

ALTERNATIVE EARTH SOFTWARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

D Crombie

A Salah

Secretary:

Addleshaw Goddard (Scotland) Secretarial Limited

Registered office:

1st Floor North, Kingshill View Prime

Four Business Park,

Kingswells

Aberdeen

AB15 8PU

Registered number:

SC799363 (Scotland)

Auditors:

S&W Audit

Pall Mall

1 Pollen Square

59 King Street

Manchester

M2 4PD

Current assets

Debtors

5

24,956

-

Cash at bank

1,797

-

26,753

-

Creditors

Amounts falling due within one year

6

362,078

198,415

Net current liabilities

(335,325

)

(198,415

)

Total assets less current liabilities

(335,325

)

(198,415

)

Capital and reserves

Called up share capital

7

1

1

Retained earnings

(335,326

)

(198,416

)

Shareholders' funds

(335,325

)

(198,415

)

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by:

D Crombie - Director

1.	Statutory information

Alternative Earth Software Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The functional currency of the reporting entity is considered to be US Dollars because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pounds sterling.

Going Concern

The company is reliant in the absence of other funding on the continued support of the parent company, Geoactive Limited. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.

Consequently, the directors have formed a a judgement, at the time of approving the financial statements, that there is a reasonable expectation the company will have sufficient funds to continue to meet its liabilities as they fall due for at least twelve months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgement, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considers to be relevant, actual results may differ from these estimates

The estimates and underlying assumptions are reviewed on a ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision effects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The following are critical judgments that have had the most significant impact on amounts recognised in the financial statements.

Revenue recognition

Contracts may involve multiple elements (for example, software licence fees, maintenance and support, and professional services). The company allocates revenue to each component of the arrangement using fair values as set out in the accounting policy.

The company defers revenue from the contractual fee equal to the estimated fair value of the undelivered elements. The residual contractual fee is then allocated to the delivered element or elements, which is generally software licence fees. The company establishes fair value of ongoing maintenance and support obligations based upon the price charged to customers when maintenance and support is sold separately, or in absence of separate sales, upon substantive renewal rates stated in the contracts.

Turnover

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

Turnover is attributable to the sale of software licences and related implementation fees and training services to the oil and gas industry and associated maintenance of the software.

Contracts involve multiple elements, for example software licence fees, maintenance and support and professional services. The company allocates revenue to each component of the arrangement in line with the contract with the customer. If the contract includes a new licence, the 20% carve out is recognised immediately. The residual contractual fee is then allocated to the delivered element or elements.

Foreign currencies

The entity has presented its financial statements in sterling, functional currency of the entity is dollars. On this basis the entity has translated its items of income and expenses using average rate between the two currencies in the year, and assets and liabilities using the spot rate between the two currencies at the year end. Exchange differences are recorded in the other comprehensive income.

Foreign currencies are dealt with as follows:

i) Foreign currency denominated assets and liabilities of Alternative Earth Software Limited are translated at the rate of exchange ruling at the balance sheet date.

ii) Income and expenditure for the period are translated at the appropriate rates prevailing during the period, updated on a average rate for the year.

iii) Exchange differences are recorded in the other comprehensive income.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are initially measured at transaction price (including transaction costs). Financial assets and liabilities are subsequently carried at amortised costs, using the effective interest rate method. Financial assets and liabilities that are equity insurances are measured at cost less impairment

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4.	Employees and directors

The average number of employees during the year was NIL (2024 - NIL).

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

23,783

-

Other debtors

1,173

-

24,956

-

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

6,136

-

Amounts owed to group undertakings

331,644

198,415

Accruals and deferred income

24,298

-

362,078

198,415

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10

Ordinary

£0.10

1

1

8.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Antony Sassen FCA (Senior Statutory Auditor)

for and on behalf of S&W Audit

9.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group

10.	Ultimate controlling party

The ultimate beneficial interest in the issued share capital of the Company is held by Constellation Software Inc., a company registered in Canada. The consolidated accounts for Constellation Software Inc. are publicly available and can be obtained from the registered office address 20 Adelaide Street East, Suite 1200, Toronto, Ontario, Canada.