Company No: 15213676 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Wiem Gharbi
	Tamar Elise Gomez
	Andreas Maximllian (Appointed 21 November 2025)

REGISTERED OFFICE	2 Leman Street
	London
	E1W 9US
	United Kingdom

COMPANY NUMBER

15213676 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Treviot House
	186-192 High Road
	Ilford
	Essex
	IG1 1LR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	31,764		8,567
		31,764		8,567
Current assets
Debtors	5	155,809		26,501
Cash at bank and in hand		14,824,030		2,412,904
		14,979,839		2,439,405
Creditors: amounts falling due within one year	6	( 125,805)		( 63,519)
Net current assets		14,854,034		2,375,886
Total assets less current liabilities		14,885,798		2,384,453
Net assets		14,885,798		2,384,453
Capital and reserves
Called-up share capital		4		3
Share premium account		17,504,355		2,999,950
Profit and loss account		( 2,618,561 )		( 615,500 )
Total shareholders' funds		14,885,798		2,384,453

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Ankar.AI Ltd (registered number: 15213676) were approved and authorised for issue by the Board of Directors on 31 March 2026. They were signed on its behalf by:

Wiem Gharbi Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ankar.AI Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Share-based payment

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period, based on the Company’s estimate of shares that will eventually vest and adjusted for the effect of non-market-based vesting conditions.

Fair value is measured by use of the Black-Scholes pricing model which is considered by management to be the most appropriate method of valuation. The expected life used in the model has been adjusted, based on management’s best estimate, for the effects of non-transferability, exercise restrictions, and behavioural considerations.

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.	4 years straight line
	25 % reducing balance

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	14		5

3. Share-based payments

Equity-settled share-based payment schemes

The company operates an equity settled Enterprise Management Incentive (EMI) Share Option Scheme. The options are B Ordinary shares granted with a fixed exercise price determined at the grant of the option. The options vest over a period of 4 years following the date of the grant. The options are exercisable upon sale of the business. Employees are not entitled to dividends until the shares are exercised. Vesting of options is subject to continued employment with the company.

Details of the share options outstanding during the financial year are as follows:

	2025			2024
	Weighted Average			Weighted Average
	Number of share options	Average exercise price (£)		Number of share options	Average exercise price (£)
Outstanding at beginning of period	51,543	0.0129		0	0
Granted during the period	103,854	804.6557		51,543	0.0129
Forfeited during the period	( 14,946)	0.0037		0	0
Outstanding at the end of the period	140,451	804.6557		51,543	0.0129
Exercisable at the end of the period	0	0		0	0

The fair value of the share based payments is deemed to be immaterial and as such has not been recognised in these financial statements.

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2025	10,327		10,327
Additions	29,107		29,107
At 31 December 2025	39,434		39,434
Accumulated depreciation
At 01 January 2025	1,760		1,760
Charge for the financial year	5,910		5,910
At 31 December 2025	7,670		7,670
Net book value
At 31 December 2025	31,764		31,764
At 31 December 2024	8,567		8,567

5. Debtors

	2025		2024
	£		£
Trade debtors	83,753		15,272
Other debtors	72,056		11,229
	155,809		26,501

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	46,508		14,605
Other taxation and social security	64,673		8,055
Other creditors	14,624		40,859
	125,805		63,519

7. Financial commitments

Other financial commitments

	2025		2024
	£		£
Commitments in respect of rental	79,020		8,040

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Advances	5,712		0
Payments	0		0

At the year end the balance owing to the company was £5712 (2024 £0). Interest is charged on loans at the official rate set by HMRC. The loan to the directors are repayable on demand.