Marldell Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the directors on the preparation of the unaudited statutory accounts of Marldell Limited For The Year Ended 31 December 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Marldell Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Marldell Limited , as a body, in accordance with the terms of our engagement letter dated 19 February 2022. Our work has been undertaken solely to prepare for your approval the accounts of Marldell Limited and state those matters that we have agreed to state to the directors of Marldell Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marldell Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Marldell Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Marldell Limited . You consider that Marldell Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Marldell Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Green Accountancy Limited

9 September 2026

Green Accountancy Limited

Chartered Certified Accountants

International House

50 Essex Street

London

WC2R 3JF

Page 1

Page 2

Marldell Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 09341996

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		122,660		110,570
Tangible Assets	5		2,360		4,061

			125,020		114,631
CURRENT ASSETS
Debtors	6	3,315		10,602
Cash at bank and in hand		6,025		12,753

		9,340		23,355
Creditors: Amounts Falling Due Within One Year	7	(53,664 )		(52,084 )

NET CURRENT ASSETS (LIABILITIES)			(44,324 )		(28,729 )

TOTAL ASSETS LESS CURRENT LIABILITIES			80,696		85,902

NET ASSETS			80,696		85,902

CAPITAL AND RESERVES
Called up share capital	8		119		119
Share premium account			224,981		224,981
Profit and Loss Account			(144,404 )		(139,198 )

SHAREHOLDERS' FUNDS			80,696		85,902

Page 2

Page 3

Marldell 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.

On behalf of the board

Mr Stephen Kuester

Director

8 September 2026

The notes on pages 4 to 6 form part of these financial statements.

Page 3

Page 4

Marldell Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Marldell Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09341996 . The registered office is Marldell Barn, West Meon, Petersfield, GU32 1JP.

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.

2.2. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. Capitalised development costs are not amortised until the asset is available for use; after that point, they are amortised on a straight‑line basis over their estimated useful life.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.3. Intangible Fixed Assets and Amortisation - Intellectual Property

Patents and other acquired intellectual property rights are recognised as intangible assets at cost, which includes directly attributable legal and registration fees. These assets arise from contractual or legal rights and are therefore capitalised when the rights are obtained.

Patents are amortised on a straight‑line basis over their estimated useful life, commencing when future economic benefits are expected to be consumed.

2.4. 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:

Computer Equipment

25% on cost

2.5. Taxation

Income tax expense represents the total of current and deferred tax.

Amounts receivable under the SME Research & Development tax relief scheme are recognised within the tax line, as they form part of the company’s corporation tax position and are not presented as operating income.

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.

Page 4

Page 5

Marldell Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Development Costs	Intellectual Property	Total
	£	£	£
Cost
As at 1 January 2025	39,530	71,040	110,570
Additions	-	12,090	12,090

As at 31 December 2025	39,530	83,130	122,660

Net Book Value
As at 31 December 2025	39,530	83,130	122,660

As at 1 January 2025	39,530	71,040	110,570

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2025	9,768
Additions	569

As at 31 December 2025	10,337

Depreciation
As at 1 January 2025	5,707
Provided during the period	2,270

As at 31 December 2025	7,977

Net Book Value
As at 31 December 2025	2,360

As at 1 January 2025	4,061

6. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by participating interests	-	716
Other debtors	3,315	9,886

	3,315	10,602

Page 5

Page 6

Marldell Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	307	-
Other creditors	53,344	52,076
Taxation and social security	13	8

	53,664	52,084

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	119	119

9. Transition to FRS 102

On transition from FRS 105 to FRS 102, the company reviewed the classification of certain prototype and development‑phase costs previously presented within Plant & Machinery. In accordance with FRS 102 Section 18 and IAS 38, these costs meet the criteria for recognition as intangible development expenditure, as they relate to the design, construction and testing of prototypes undertaken during the development phase. As a result, the brought‑forward balance has been reclassified from tangible fixed assets to intangible assets.

No depreciation had been charged historically on these items because under the correct accounting treatment (intangible development assets), such costs are not amortised until the asset is available for use.

This adjustment represents a presentation reclassification only and there is no effect on prior‑year profit, total assets, or equity.

Page 6