Optinet Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Optinet Limited is a private company, limited by shares, incorporated in England & Wales, United Kingdom, registered number 02103829 . The registered office is Clermont House, High Street, Cranbrook, Kent, TN17 3DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 Section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

2.2. Going Concern Disclosure

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the

company has adequate resources to continue in operational existence for the foreseeable future. The company

therefore continues to adopt the going concern basis in preparing its financial statements.

2.3. Significant judgements and estimations

The preparation of the financial statements requires the directors to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

The directors do not consider that there are any significant judgements or key sources of estimation uncertainty in the preparation of these financial statements.

2.4. Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the

ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and

discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that

future economic benefits will flow to the entity and specific criteria have been met for each of the company's

activities.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets

Customer lists are stated in the balance sheet at cost, less any subsequent accumulated amortisation and

subsequent accumulated impairment losses.

Amortisation

Amortisation is provide on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Customer list - 20% - 33% straight line

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Optinet Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20 - 25% straight line / reducing balance

2.7. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the

company has no legal or constructive obligation to pay further contributions even if the fund does not hold

sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If

contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

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Optinet Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.10. Impairment

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 profit or loss as described

below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that

occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable

amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of

the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is

allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine

reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised

recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment

been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the

assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s

carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original

effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s

carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at

the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event

occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An

impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable

value does not lead to a revised carrying amount higher than the carrying value had no impairment been

recognised.

2.11. Additional Accounting Policies

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and

hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of

trade debtors is established when there is objective evidence that the company will not be able to collect all

amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Accounts payable are classified as current liabilities if the company does not have an

unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months

after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the

reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence

are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other

...CONTINUED

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Optinet Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.11. Additional Accounting Policies - continued

resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred

and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the

reporting period in which the dividends are declared.

3. Average Number of Employees

Employees are remunerated by a fellow subsidiary of the group PK National Eyecare Group Limited, who renders management charges to the company for staff and other services. NIL (2024: NIL)

4. Intangible Assets

	Customer List
	£
Cost
As at 1 January 2025	12,338

As at 31 December 2025	12,338

Amortisation
As at 1 January 2025	11,648
Provided during the period	690

As at 31 December 2025	12,338

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	690

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2025	59,573
Additions	704

As at 31 December 2025	60,277

Depreciation
As at 1 January 2025	57,309
Provided during the period	2,049

As at 31 December 2025	59,358

...CONTINUED

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Optinet Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	919

As at 1 January 2025	2,264

6. Stocks

	2025	2024
	£	£
Finished goods	486	486

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	13,872	12,196
Prepayments and accrued income	26,317	25,969
Amounts owed by group undertakings	134,007	103,790

	174,196	141,955

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	16,021	7,258
Corporation tax	42,710	32,000
VAT	28,346	25,007
Other creditors	-	14,715
Accruals and deferred income	52,818	55,827

	139,895	134,807

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	566	566

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Optinet Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	11,000	11,000

Share rights

The 1,000 ordinary shares of £1 each carry full voting rights, the right to participate in dividends as declared by the directors, and the right to participate in the assets of the company on a winding up after satisfaction of the preference shareholders.

The 10,000 preference shares of £1 each give no rights to receive notice of, attend, or vote at any general meeting of the company. The preference shares give no rights to dividends. The company has the right to redeem at par the whole or any part of the preference shares at any time after the date of issue upon giving the holders of the particular shares to be redeemed not less than three months previous notice in writing.

11. Audit Information

The auditor's report on the accounts of Optinet Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Kara-Marie Jones (Senior Statutory Auditor) for and on behalf of Hazlewoods LLP , Statutory Auditor.

Hazlewoods LLP

Staverton Court

Staverton

Cheltenham

GL51 0UX

Page 8

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		690
Tangible Assets	5		919		2,264

			919		2,954
CURRENT ASSETS
Stocks	6	486		486
Debtors	7	174,196		141,955
Cash at bank and in hand		50,272		50,000

		224,954		192,441
Creditors: Amounts Falling Due Within One Year	8	(139,895 )		(134,807 )

NET CURRENT ASSETS (LIABILITIES)			85,059		57,634

TOTAL ASSETS LESS CURRENT LIABILITIES			85,978		60,588

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(566 )		(566 )

NET ASSETS			85,412		60,022

CAPITAL AND RESERVES
Called up share capital	10		11,000		11,000
Profit and Loss Account			74,412		49,022

SHAREHOLDERS' FUNDS			85,412		60,022