Cybaverse Ltd

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

Registered number: 11537535

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,390,587		579,440
Tangible Assets	5		42,407		20,093

			2,432,994		599,533
CURRENT ASSETS
Debtors	6	646,161		524,478
Cash at bank and in hand		3,279,351		142,985

		3,925,512		667,463
Creditors: Amounts Falling Due Within One Year	7	(1,469,107 )		(1,156,754 )

NET CURRENT ASSETS (LIABILITIES)			2,456,405		(489,291 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,889,399		110,242

Creditors: Amounts Falling Due After More Than One Year	8		(856,381 )		(82,510 )

NET ASSETS			4,033,018		27,732

CAPITAL AND RESERVES
Called up share capital	9		4		3
Share premium account			7,094,650		1,232,341
Profit and Loss Account			(3,061,636 )		(1,204,612 )

SHAREHOLDERS' FUNDS			4,033,018		27,732

Page 1

Page 2

Cybaverse Ltd

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 Oliver Spence

Director

17/09/2026

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

1. General Information

Cybaverse Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11537535 . The registered office is Suite C, Second Floor, Building 2000 Lakeside North Harbour, Western Road, Portsmouth, PO6 3EN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.4. 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. The capitalised development costs are subsequently amortised over 4 years.

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.

2.5. 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

33.33% on cost and 25% on reducing balance

2.6. 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 another year 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.

...CONTINUED

Page 3

Page 4

Cybaverse Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation - continued

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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 32 (2024: 22)

4. Intangible Assets

	Goodwill	Development Costs	Total
	£	£	£
Cost
As at 1 January 2025	-	636,875	636,875
Additions	2,092,285	103,018	2,195,303

As at 31 December 2025	2,092,285	739,893	2,832,178

Amortisation
As at 1 January 2025	-	57,435	57,435
Provided during the period	244,100	140,056	384,156

As at 31 December 2025	244,100	197,491	441,591

Net Book Value
As at 31 December 2025	1,848,185	542,402	2,390,587

As at 1 January 2025	-	579,440	579,440

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2025	44,185
Additions	31,057

As at 31 December 2025	75,242

Depreciation
As at 1 January 2025	24,092
Provided during the period	8,743

As at 31 December 2025	32,835

Net Book Value
As at 31 December 2025	42,407

As at 1 January 2025	20,093

Page 4

Page 5

Cybaverse Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	404,402	315,152
Other debtors	241,759	209,326

	646,161	524,478

7. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	344,749	183,764
Bank loans and overdrafts	211,009	232,347
Other creditors	805,270	572,794
Taxation and social security	108,079	167,849

	1,469,107	1,156,754

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

	2025	2024 as restated
	£	£
Bank loans	48,956	82,510
Other creditors	807,425	-

	856,381	82,510

9. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	4	3

On 30 May 2025, the company issued 19,981 Ordinary shares of £0.00001 each for consideration of £59.69 per share.

On 31 July 2025, the company issued 11,701 A Preference shares of £0.00001 each for consideration of £45.05 per share.

On 11 September 2025, the company issued 99,899 A Preference shares of £0.00001 each for consideration of £45.05 per share.

On 11 September 2025, the company converted 18,500 Ordinary shares of £0.00001 each to 18,500 C Preference shares of £0.00001 each.

Page 5