REGISTERED NUMBER: 07528157 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2025 to 31 December 2025

for

Cenobiologics Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Dr M Gadri Golestani

Dr A Kazemian

REGISTERED OFFICE:

Everest House Rockingham Drive

Linford Wood

Milton Keynes

MK14 6LY

REGISTERED NUMBER:

07528157 (England and Wales)

ACCOUNTANTS:

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cenobiologics Ltd for the period ended 31 December 2025 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cenobiologics Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cenobiologics Ltd and state those matters that we have agreed to state to the Board of Directors of Cenobiologics Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cenobiologics Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cenobiologics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cenobiologics Ltd. You consider that Cenobiologics Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Cenobiologics Ltd. 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 statutory financial statements.

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

21 September 2026

FIXED ASSETS

Tangible assets

4

5,174,977

5,014,239

CURRENT ASSETS

Stocks

261,412

226,537

Debtors

5

806,349

940,564

Cash at bank

754,752

1,317,992

1,822,513

2,485,093

CREDITORS

Amounts falling due within one year

6

422,765

774,734

NET CURRENT ASSETS

1,399,748

1,710,359

TOTAL ASSETS LESS CURRENT LIABILITIES

6,574,725

6,724,598

CREDITORS

Amounts falling due after more than one year

7

(581,939

)

(588,409

)

PROVISIONS FOR LIABILITIES

10

(448,248

)

(471,912

)

NET ASSETS

5,544,538

5,664,277

CAPITAL AND RESERVES

Called up share capital

16,656

16,656

Retained earnings

5,527,882

5,647,621

5,544,538

5,664,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by:

Dr M Gadri Golestani - Director

1.	STATUTORY INFORMATION

Cenobiologics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 18 (2025 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2025

3,072,551

213,173

3,672,937

Additions

-

320,283

321,247

Disposals

-

-

(27,488

)

At 31 December 2025

3,072,551

533,456

3,966,696

DEPRECIATION

At 1 April 2025

254,009

-

1,813,983

Charge for period

46,089

5,923

399,558

At 31 December 2025

300,098

5,923

2,213,541

NET BOOK VALUE

At 31 December 2025

2,772,453

527,533

1,753,155

At 31 March 2025

2,818,542

213,173

1,858,954

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2025

200,910

30,940

7,190,511

Additions

31,525

-

673,055

Disposals

-

-

(27,488

)

At 31 December 2025

232,435

30,940

7,836,078

DEPRECIATION

At 1 April 2025

77,340

30,940

2,176,272

Charge for period

33,259

-

484,829

At 31 December 2025

110,599

30,940

2,661,101

NET BOOK VALUE

At 31 December 2025

121,836

-

5,174,977

At 31 March 2025

123,570

-

5,014,239

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.3.25

£

£

Trade debtors

608,904

316,228

Other debtors

197,445

624,336

806,349

940,564

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.3.25

£

£

Bank loans and overdrafts (see note 8)

21,348

32,770

Trade creditors

306,117

414,667

Tax

-

215,466

Social security and other taxes

14,680

15,447

Other creditors

17,571

62,975

Directors' current accounts

58,635

26,143

Accruals and deferred income

4,414

7,266

422,765

774,734

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.3.25

£

£

Bank loans (see note 8)

80,540

87,010

Shareholders loans (see note 8)

501,399

501,399

581,939

588,409

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

80,540

87,010

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.3.25

£

£

Amounts falling due within one year or on demand:

Bank loans

21,348

32,770

Amounts falling due between two and five years:

Other loans - 2-5 years

501,399

501,399

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

80,540

87,010

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.3.25

£

£

Bank loans

101,888

119,780

The bank loans are secured by way of a legal charge on the properties concerned.

10.	PROVISIONS FOR LIABILITIES

31.12.25

31.3.25

£

£

Deferred tax

448,248

471,912

Deferred

tax

£

Balance at 1 April 2025

471,912

Provided during period

(23,664

)

Balance at 31 December 2025

448,248