REGISTERED NUMBER: 06262208 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

LYTX EUROPE LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Director:

S Bennett

Registered office:

Suite 2, Ground Floor

Templeback, 10 Temple Back

Bristol

United Kingdom

BS1 6FL

Registered number:

06262208 (England and Wales)

Auditors:

Zome (Statutory Auditor)

Chartered Accountants

5th Floor

111 Charterhouse Street

London

EC1M 6AW

CURRENT ASSETS

Debtors

4

1,142,896

1,157,847

Cash at bank

433,001

549,448

1,575,897

1,707,295

CREDITORS

Amounts falling due within one year

5

(123,344

)

(316,884

)

NET CURRENT ASSETS

1,452,553

1,390,411

TOTAL ASSETS LESS CURRENT LIABILITIES

1,452,553

1,390,411

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,452,453

1,390,311

SHAREHOLDERS' FUNDS

1,452,553

1,390,411

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 director and authorised for issue on 27 August 2026 and were signed by:

S Bennett - Director

1.	STATUTORY INFORMATION

Lytx Europe 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.

The Company’s functional and presentational currency is pound sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of 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.

Turnover

Turnover represents amounts charged to the Company's parent under a sales and marketing agreement, excluding value added tax and direct sales to customers. Turnover is recognised when chargeable costs are incurred and recognised on an accruals basis.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at bank and in hand and short-term deposits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 11 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

1,141,244

1,155,031

VAT

654

2,816

Prepayments

998

-

1,142,896

1,157,847

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

16,133

49,901

Tax

24,188

26,692

Social security and other taxes

26,163

73,806

Other creditors

3,074

-

Accrued expenses

53,786

166,485

123,344

316,884

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Roy Davis (Senior Statutory Auditor)

for and on behalf of Zome (Statutory Auditor)

7.	RELATED PARTY DISCLOSURES

During the financial period, amounts recharged to the parent entity under the terms of the sales and marketing agreement amounted to £1,532,725 (2024 - £2,272,201). At the year end, £1,141,244 was owed by the parent to the Company (2024 - £1,155,031).

8.	PENSION COMMITMENTS

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund.

The pension cost charge represents contributions payable by the Company to the fund and amounted to £25,972 (2024 - £34,873).

9.	ULTIMATE PARENT COMPANY AND CONTROLLING PARTY

The immediate parent undertaking of the company is Lytx, Inc. a company incorporated in United States of America.

The ultimate parent company is Padres Holdings, Inc., a company incorporated in United States of America. The registered office is based at 9785 Towne Centre Dr, San Diego, CA 92121 USA.