Review of the Business

Servify UK Limited ("the Company"), its parent company Service Lee Technologies Private Limited ("Servify") and group companies ("Servify Group") integrate multiple OEM Brands, and their sales and service ecosystem through its product lifecycle management platform to deliver great product ownership experience. Started in 2015 and headquartered in India, Servify has spread its reach to multiple countries across USA, Canada, the EU, UK, Turkey, the UAE and KSA, partnering with 75+ brands, including top consumer electronics manufacturers, retailers, distributors, insurers, financial institutions, product liquidators, service providers, and carriers.

The total revenue for the year ended 31^st March 2026 is £46,347 and the loss for the year ended 31 March 2026 is £265,749. The board considers the results for the period are in line with the estimates given that this is the fourth year of the commercial business operation.

The Company has received a license in the financial year 2022-23 to sell insurance products in United Kingdom.

Key performance indicators

The Company compiles and assesses its key financial and non-financial performance indicators (KPIs) that assist in evaluating the performance of the Company. Considered together, the KPIs provide a comprehensive view of the underlying performance of the Company and alignment with the overall strategy of the Servify Group.

The financial KPIs include revenue growth, margins, operating expenses and profit before tax.

Principal risks and uncertainties

Due to the nature of the business and the association with brands (B2B and B2B2C), the Company has a structural advantage wherein its systems are deeply integrated with the brands, and the brands, eco-system partners. The cycle from Prospecting through solution design, contracting, development and user acceptance to commercial launch has a long gestation period, which, if extended, may lead to delay in commencement and scale of operations.

To embed risk management throughout the Servify Group, Servify has set up a governance structure, policies and procedures, effective management reporting and controls in place to identify, mitigate and control risks.

Financial risk management objectives and policies

The Company has set up processes related to budgeting and constantly monitoring the KPIs and evaluating financial performance on a periodic basis to ensure proactive actions. The Company does not use derivative financial instruments for speculative purposes.

Credit risk

Credit risk is the potential for loss caused by a counterparty failing to meet their obligations as they become due. The limited counterparty risk for the company is with its partners (B2B) and the risk is managed by regular monitoring and reviewing the limits of the partners before and after the actual sales are carried out by the finance and business teams jointly.

Liquidity risk

Liquidity risk is the risk that net cash flow is insufficient to meet the funding demands of the business on an ongoing basis. Net cash flow is adequate to meet the funding requirements and Servify is well capitalised to meet the future funding requirements.

Mid-term forecasting is also undertaken to identify any future cash deficiency to allow time for corrective actions to be taken if required.

Future developments

The Company forecasts increased levels of business activity in the forthcoming years arising from the launch of new programmes and other partnerships.

This report was approved by the board on 1^st September 2026 and signed on its behalf.

David Howkins
Director

The director presents his report and financial statements for the year ended 31 March 2026.

Principal activities

The company's principal activity during the year was that of providing end to end program management of Device Protection Plans for leading OEMs, together with detailed real time analytics via its digital platform.

Future developments

The company has ambitious plans to expand its activities. The company has plans to launch programmes for leading OEM brands.

Directors

The following person served as director during the year:

David Howkins

Disclosure of information to auditors

The director confirms that:

• so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
• he 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 auditor is aware of that information.

This report was approved by the board on 1^st September 2026 and signed on its behalf.

David Howkins
Director

The director is responsible for preparing the report and financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 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 director is required to:

• select suitable accounting policies and then apply them consistently;
• make judgements and estimates that are reasonable and prudent;
• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

Opinion

We have audited the financial statements of Servify UK Limited (the 'company') for the year ended 31 March 2026 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including 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 the 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 March 2026 and of its loss for the year then ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
• 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 Auditor's 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
• the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

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 directors' report.

We have nothing to report in respect of the following matters in relation to which 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 directors' responsibilities statement, 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 is 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.

Auditor's 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 an auditor's report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In planning and designing our audit tests we identify and assess the risks of material misstatement within the financial statements, whether due to fraud or error. Our assessment of these risks includes consideration of the nature of the industry and sector, the control environment and the business performance along with the results of our enquiries of management about their own identification and assessment of risks and irregularities. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the company operates in; focusing on

provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK tax legislation and other laws and regulations identified as risk areas identified from our discussions with management.

We communicated relevant identified laws and regulations and potential fraud risks to all engagement team members including internal specialists and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

After consideration of the above risks we then carried out audit procedures including the following:

There are inherent limitations in our audit procedures described above. The more removed that the laws and regulations are from financial transactions the less likely it is that we would be aware on non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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

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 an auditor's report 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.

David Howkins
Director
Approved by the board on    1^st September 2026

1Summary of significant accounting policies

2Analysis of turnover

3Operating loss

4Director's emoluments

5Staff costs

6Interest payable

7Taxation

8Tangible fixed assets

9Debtors

10Creditors: amounts falling due within one year

11Creditors: amounts falling due after one year

12Share capital

13Profit and loss account

14Related party transactions

15Controlling party

16Guarantees and Contingent Liabilities

17Presentation currency

18Legal form of entity and country of incorporation

19Registered office address