Dataseat Ltd

	Page
Strategic Report	1—2
Directors' Report	3—4
Independent Auditor's Report	5—7
Profit and Loss Account	8
Balance Sheet	9
Statement of Changes in Equity	10
Notes to the Financial Statements	11—17

The directors present their strategic report for the year ended 31 December 2025.

Review of the Business

Business overview
Dataseat is a mobile advertising technology company specialising in demand-side platform (DSP) solutions that enable advertisers to buy mobile in-app inventory using contextual targeting, without reliance on personal data. Our platform serves mobile app advertisers across gaming, entertainment, e-commerce, and other high-engagement verticals.

Business model

We operate a programmatic DSP model, generating revenue primarily through a percentage of advertiser spend (media buying margin). Dataseat creates value by delivering efficient, privacy-first ad targeting, helping advertisers achieve better

return on ad spend while complying with evolving data privacy regulations.

Structure

Dataseat operates as a subsidiary of Verve Group. The business is organised under core functions including Product & Engineering, Operations, Client Services, Sales, and Finance. Strategic partnerships with supply-side platforms (SSPs) and attribution partners support our market reach and campaign measurement capabilities.

Strategic objectives

• Short term:

o Expand advertiser base in high-growth verticals such as app brands and gaming.

o Enhance platform capabilities with advanced contextual targeting features.

o Maintain high campaign performance and client satisfaction during ongoing privacy changes.

• Long term:

o Strengthen position as a leading privacy-first DSP in the mobile ad ecosystem.

o Expand into new geographic markets and emerging ad formats (e.g., CTV).

o Drive sustainable revenue growth through innovation and operational efficiency.

Development and performance

Operational performance

During the period, Dataseat focused on enhancing campaign performance and operational efficiency. Key initiatives included:

• Upgrading contextual targeting algorithms to improve relevance and click-through rates.

• Streamlining onboarding processes for new advertisers to reduce setup times.

• Expanding our supply partnerships to access higher-quality mobile inventory.

Strategic developments

No acquisitions or divestments occurred during the period. Strategic investment was directed towards product innovation, particularly in on-device processing to align with evolving privacy requirements. Dataseat also deepened integration with Verve Group’s infrastructure, creating operational synergies in reporting, sales, and technical support.

Market position

Despite a competitive ad tech environment, Dataseat maintained its reputation as a leading privacy-first DSP for mobile in app advertising. Our focus on contextual targeting has positioned us to benefit from the industry’s shift away from device identifiers.

Non-financial factors

• ESG considerations: Continued to promote privacy-by-design principles, reducing reliance on personal data.

• Staff developments: Strengthened the Operations and Engineering teams with strategic hires to support growth.

• Innovation: Introduced automated optimisation tools, reducing manual campaign management and improving ROI for clients.

Financial key performance indicators

The past year has been marked by sustained growth in revenue and is the second profitable year the company has had.

The group's key financial performance indicators during the year were:

	Year ended 31 Dec 2025	Year ended 31 Dec 2024	Change %
Revenue	£50.10m	£34.4m	46%
Profit before tax	£5.4m	£4.8m	13%
Cash and cash equivalents	£0.55m	£1.7m	-68%

The company’s revenue demonstrated robust growth of +46%, reaching £50.1 million for the year ended 31 December 2025.

Closing cash and cash equivalents saw a fall of -68%, finishing the year at £0.55 million. Management feels although cash fell in comparison to the prior year the cash forecast remains positive.

Other KPIs

...CONTINUED

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Dataseat Ltd

Strategic Report (continued)

For The Year Ended 31 December 2025

Review of the Business - continued

• Advertiser growth: Increased number of active advertisers compared to prior year.

• Retention rate: Maintained a high client retention rate, reflecting strong satisfaction and campaign performance.

• Productivity: Revenue per employee improved year-over-year.

Principal Risks and Uncertainties

• Market and regulatory changes: Shifts in privacy laws and platform policies that could affect targeting capabilities.

• Competition: Intense competition from other DSPs and ad tech providers could impact market share and margins.

• Technology and platform reliability: System outages or failures could disrupt campaign delivery and harm client trust.

• Client concentration: A high dependency on a small number of major clients could increase revenue volatility.

• Operational scaling: Rapid growth could strain operational capacity and service quality.

• Macroeconomic factors: Economic downturns may reduce advertiser budgets, impacting revenues.

Mitigation strategies

• Invest in R&D for privacy-first and contextual targeting solutions to stay ahead of regulatory and platform changes.

• Diversify client portfolio across industries and regions to reduce concentration risk.

• Maintain robust infrastructure, redundancy systems, and regular platform stress testing.

• Continue to strengthen brand positioning through client service excellence and performance outcomes.

• Monitor macroeconomic trends closely and adapt pricing or sales strategies to retain competitiveness

On behalf of the board

Mr Paul Hayton

Director

15 September 2026

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Dataseat Ltd

Company No. 11530895

Directors' Report For The Year Ended 31 December 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 December 2025.

Principal Activity

The company's principal activity continues to be that of information technology consultancy and licensing

activities.

Directors

The directors who held office during the year were as follows:

Mr Paul Hayton
Mr David Philippson	Resigned	17/12/2025
Mr Mishel Alon	Appointed	31/12/2025
Mr Alessandro Giuliani	Appointed	31/12/2025
Mr Sameer Sondhi	Resigned	30/12/2025

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, 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 directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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Dataseat Ltd

Directors' Report (continued)

For The Year Ended 31 December 2025

Independent Auditors

The auditors, Nichols & Co (Accountancy) Ltd, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Paul Hayton

Director

15 September 2026

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Independent Auditor's Report

to the Members of

Dataseat Ltd

Independent Auditor's Report

Opinion

We have audited the financial statements of Dataseat Ltd for the year ended 31 December 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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 entity's ability to continue as a going concern for a period of at least 12 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. In connection with our audit of the financial statements, 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 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Dataseat Ltd

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 or 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 set out on page 3—4, 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

enquiry of management, those charged with governance and the company’s legal advisers (where deemed necessary);
enquiry of staff in compliance functions to identify any instances of non-compliance with laws and regulations;
reviewing minutes of meetings of those charged with governance;
reviewing accounts disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website 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 that 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.

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Independent Auditor's Report (continued)

to the Members of

Dataseat Ltd

Steve Nichols (Senior Statutory Auditor)

for and on behalf of Nichols & Co (Accountancy) Ltd , Statutory Auditor

15 September 2026

Nichols & Co (Accountancy) Ltd

Unit 7 Mulberry Place

Pinnell Road

Eltham

London

SE9 6AR

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Dataseat Ltd

Profit and Loss Account

For The Year Ended 31 December 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	50,061,557	34,434,292
Cost of sales		(35,165,539 )	(24,933,037 )

GROSS PROFIT		14,896,018	9,501,255

Administrative expenses		(10,376,140 )	(4,843,677 )
Other operating income		856,165	204,815

OPERATING PROFIT	4	5,376,043	4,862,393
Other interest receivable and similar income		565	693
Interest payable and similar charges		-	(36,265 )

PROFIT BEFORE TAXATION		5,376,608	4,826,821
Tax on Profit	9	(1,347,197 )	(992,413 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		4,029,411	3,834,408

The notes on pages 11 to 17 form part of these financial statements.

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Dataseat Ltd

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 11530895

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	10		22,190		17,675
Investments	11		4,500		4,500

			26,690		22,175
CURRENT ASSETS
Debtors	12	18,450,235		9,481,635
Cash at bank and in hand		548,259		1,735,794

		18,998,494		11,217,429
Creditors: Amounts Falling Due Within One Year	13	(10,783,408 )		(7,027,239 )

NET CURRENT ASSETS (LIABILITIES)			8,215,086		4,190,190

TOTAL ASSETS LESS CURRENT LIABILITIES			8,241,776		4,212,365

NET ASSETS			8,241,776		4,212,365

CAPITAL AND RESERVES
Called up share capital	14		160		160
Share premium account			2,817,091		2,817,091
Profit and Loss Account			5,424,525		1,395,114

SHAREHOLDERS' FUNDS			8,241,776		4,212,365

On behalf of the board

Mr Paul Hayton

Director

15 September 2026

The notes on pages 11 to 17 form part of these financial statements.

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Dataseat Ltd

Statement of Changes in Equity

For The Year Ended 31 December 2025

Statement of Changes in Equity

	Share Capital	Share Premium	Profit and Loss Account	Total
	£	£	£	£
As at 1 January 2024	160	2,817,091	(2,439,294 )	377,957
Profit for the year and total comprehensive income	-	-	3,834,408	3,834,408

As at 31 December 2024 and 1 January 2025	160	2,817,091	1,395,114	4,212,365


Profit for the year and total comprehensive income	-	-	4,029,411	4,029,411

As at 31 December 2025	160	2,817,091	5,424,525	8,241,776

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Dataseat Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Dataseat Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11530895 . The registered office is 5 Langley Street, London, WC2H 9JA.

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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The company has taken advantage of the exemption available under FRS 102 from preparing a cash flow statement,

on the grounds that it is a wholly owned subsidiary and is included in the consolidated financial statements of its

parent, Verve Group Media SE, which are publicly available.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Significant judgements and estimations

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates if necessary. It also requires management to exercise judgement in applying the company accounting policies.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.5. 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:

Plant & Machinery	25% on reducing balance
Fixtures & Fittings	Straight line over 4 years
Computer Equipment	Straight line over 4 years

2.6. Leasing and Hire Purchase Contracts

Assets acquired under hire purchase contracts are included in tangible fixed assets are depreciated over their estimated useful lives. The obligations net of future charges are included in creditors.

Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective rate of interest method. So as to achieve a constant rate of interest on the remaining balance of the liabilities. Finance charges are deducted and charged to the profit and loss when they are incurred.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Dataseat Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Financial Instruments

The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement consitutes a financing transaction, where the transaction is measured at the present value if the

future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditor 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 recognised initially at transaction price and

subsequently at amortised cost using the effective interest method.

2.9. 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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.10. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

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.

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Dataseat Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.11. Pensions

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.

3. Turnover

Analysis of turnover by class of business is as follows:

	2025	2024
	£	£
Total media spend	50,061,557	34,434,292

Analysis of turnover by geographical market is as follows:

	2025	2024
	£	£
United Kingdom	1,808,689	214,594
Europe	1,348,982	574,731
North America	46,869,650	33,045,851
Asia	34,236	599,116

	50,061,557	34,434,292

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets	11,101	11,193

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	17,500	15,000

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	3,840,457	1,652,783
Social security costs	539,499	270,899
Other pension costs	52,848	22,749

	4,432,804	1,946,431

7. Average Number of Employees

Average number of employees, including directors, during the year was: 27 (2024: 17)

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Dataseat Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Directors' remuneration

	2025	2024
	£	£
Emoluments	1,286,889	389,674
Company contributions to money purchase pension schemes	5,944	2,642

	1,292,833	392,316

The number of directors to whom retirement benefits were accruing was as follows:

	2025		2024
Money purchase pension schemes	3		2

Included within director remuneration is £864,664 (2024: £nil) relating to one-off commission payments in respect of FY2025 performance. These amounts were paid post year-end. Employer’s National Insurance of £129,575 has been accrued in relation to these payments.

Information regarding the highest paid director was as follows:

	2025	2024
	£	£
Emoluments	232,652	214,667
Company contributions to money purchase pension schemes	1,981	1,321

	234,633	215,988

9. Tax on Profit

The tax charge on the profit for the year was as follows:

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	1,347,197	992,413


Total tax charge for the period			1,347,197	992,413

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2025	2024
	£	£
Profit before tax	5,376,608	4,826,821

Tax on profit at 25% (UK standard rate)	1,344,152	1,206,705
Expenses not deductible for tax purposes	6,949	13,373
Tax losses utilised	-	(227,665 )
Capital allowances	(3,904 )	-

Total tax charge for the period	1,347,197	992,413

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Dataseat Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	3,516	4,456	50,752	58,724
Additions	-	204	15,412	15,616

As at 31 December 2025	3,516	4,660	66,164	74,340

Depreciation
As at 1 January 2025	2,294	3,353	35,402	41,049
Provided during the period	306	593	10,202	11,101

As at 31 December 2025	2,600	3,946	45,604	52,150

Net Book Value
As at 31 December 2025	916	714	20,560	22,190

As at 1 January 2025	1,222	1,103	15,350	17,675

11. Investments

	Other
	£
Cost or Valuation
As at 1 January 2025	4,500

As at 31 December 2025	4,500

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	4,500

As at 1 January 2025	4,500

12. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	9,802,422	3,562,027
Amounts owed by group undertakings	6,798,742	4,976,519
Other debtors	1,849,071	943,089

	18,450,235	9,481,635

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Dataseat Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

13. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,933,531	4,338,629
Amounts owed to group undertakings	1,537,801	109,582
Other creditors	16,642	4,440
Corporation tax	1,347,197	992,413
Taxation and social security	154,292	59,025
Accruals and deferred income	3,793,945	1,523,150

	10,783,408	7,027,239

14. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1,087,158 Ordinary Shares of £ 0.0001 each	109	109

Preference Shares

	2025	2024
Allotted, called up and fully paid	£	£
512,837 Seed Shares of £ 0.0001 each	51	51

15. 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.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £52,848 (2024: £22,749).

At the balance sheet date contributions of £16,642 (2024: £4,440) were due to the fund and are included in creditors.

16. Related Party Disclosures

Included within creditors due within one year there is the following amounts owed to group companies:

Jun Group Productions, LLC - £881 (2024: £nil)

Platform 161 - £521,488 (2024: £22,895)

Smaato - £247,674 (2024: £75,671)

Verve Corporate GmbH - £399,282 (2024: £nil)

Verve Group China WFOE - £68,177 (2024: £nil)

Verve Group Europe GmbH - £45,576 (2024: £11,017)

Verve Group SE - £220,775 (2024: £nil)

VGI CTV - £33,947 (2024: £nil)

Included within debtors due within one year there is an amount owed by group company Verve Group Inc of £6,798,742 (2024: £4,976,519).

These balances are interest free and are repayable on demand.

Transactions with other members of the group have been carried out at arms length.

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Dataseat Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

17. Controlling Parties

The company's immediate parent undertaking is Verve Group Media SE, which holds 100% of the company's share capital. The ultimate controlling party is Remco Westermann , by virtue of his indirect interest in Verve Group Media SE held through Sarasvati GmbH and Bodhivas GmbH.

18. Operating Lease Commitments

Total operating lease payments recognised as an expense during the year amounted to £304,661 (2024: £242,542).

At 31 December 2025, the Company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows:

Within one year: £77,036

Between one and five years: Nil

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