Ground Truth Intelligence Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12178814

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		21,159		28,212

			21,159		28,212
CURRENT ASSETS
Debtors	5	703,737		278,276
Cash at bank and in hand		517,757		716,612

		1,221,494		994,888
Creditors: Amounts Falling Due Within One Year	6	(630,262 )		(515,314 )

NET CURRENT ASSETS (LIABILITIES)			591,232		479,574

TOTAL ASSETS LESS CURRENT LIABILITIES			612,391		507,786

Creditors: Amounts Falling Due After More Than One Year	7		(9,413,376 )		(7,880,738 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(4,020 )		(5,360 )

NET LIABILITIES			(8,805,005 )		(7,378,312 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(8,805,105 )		(7,378,412 )

SHAREHOLDERS' FUNDS			(8,805,005)		(7,378,312)

Page 1

Page 2

Ground Truth Intelligence Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 9 September 2026 and were signed on its behalf by:

Stewart Kelly

Director

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Ground Truth Intelligence Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12178814 . The registered office is Telephone House, 69 Paul Street, 7th Floor, London, EC2A 4NQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Presentation currency

The accounts are presented in £ sterling.

2.2. Going Concern Disclosure

The financial statements are prepared on a going concern basis as the company has the full support of its parent undertaking.

2.3. 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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

2.4. Research and Development

Expenditure on research and development is expensed in the year in which it is incurred.

2.5. Tangible Fixed Assets and Depreciation

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.6. Foreign Currencies

Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 17)

Page 3

Page 4

Ground Truth Intelligence Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	3,628	50,744	54,372

As at 31 December 2025	3,628	50,744	54,372

Depreciation
As at 1 January 2025	2,368	23,792	26,160
Provided during the period	315	6,738	7,053

As at 31 December 2025	2,683	30,530	33,213

Net Book Value
As at 31 December 2025	945	20,214	21,159

As at 1 January 2025	1,260	26,952	28,212

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	436,449	208,756
Prepayments and accrued income	70,998	65,130
Other debtors	2,500	4,390
Corporation tax recoverable assets	193,790	-

	703,737	278,276

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	109,210	150,519
Other taxes and social security	45,462	49,362
VAT	9,491	6,363
Other creditors	28,010	24,397
Accruals and deferred income	372,721	222,379
Amounts owed to group undertakings	65,368	62,294

	630,262	515,314

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to group undertakings	9,413,376	7,880,738

Page 4

Page 5

Ground Truth Intelligence Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Deferred Taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax assets and liabilities are not discounted.

	2025	2024
	£	£
Other timing differences	4,020	5,360

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

Management fees of £125,490 (2024: £200,397) were incurred during the year from Ground Truth Intelligence USA Inc. a fellow Subsidiary of Ground Truth Holdings Limited. At the balance sheet date £65,368 was owing to Ground Truth Intelligence USA Inc.

11. Ultimate Controlling Party

Ground Truth Intelligence Limited is a wholly owned subsidiary of Ground Truth Holdings Limited the registered office being Congress House, 14 Lyon Road, Middlesex, HA1 2EN.

Page 5