REGISTERED NUMBER: 05497088 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2026

for

Image Analyser Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountant's Report

9

DIRECTORS:

M A Janson

M R Oxley

R J Shinde

S M Tye

REGISTERED OFFICE:

Suite A

1-3 Canfield Place

London

NW6 3BT

REGISTERED NUMBER:

05497088 (England and Wales)

ACCOUNTANT:

Cameron Baum Hollander Limited

Chartered Accountants

Suite A

1-3 Canfield Place

London

NW6 3BT

FIXED ASSETS

Intangible assets

4

462,080

612,336

Tangible assets

5

6,215

114,513

468,295

726,849

CURRENT ASSETS

Debtors

6

606,095

293,470

Cash at bank

943,103

1,111,380

1,549,198

1,404,850

CREDITORS

Amounts falling due within one year

7

(623,529

)

(1,205,954

)

NET CURRENT ASSETS

925,669

198,896

TOTAL ASSETS LESS CURRENT LIABILITIES

1,393,964

925,745

CREDITORS

Amounts falling due after more than one year

8

-

(452

)

PROVISIONS FOR LIABILITIES

9

(76,723

)

-

NET ASSETS

1,317,241

925,293

CAPITAL AND RESERVES

Called up share capital

7,396

7,995

Share premium

183,505

183,505

Capital redemption reserve

2,604

2,005

Retained earnings

1,123,736

731,788

1,317,241

925,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 28th August 2026 and were signed on its behalf by:

M R Oxley - Director

1.	STATUTORY INFORMATION

Image Analyser Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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," the FRS102 2024 Periodic Review amendments (adopted early) and the Companies Act 2006. The financial statements have been prepared, under the historical cost convention.

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. The company recognises royalties based on paragraph 23.48 of FRS 102 revised. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Improvements to property

-

not provided

Computer equipment

-

Straight line over 3 years

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally

enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities

Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Taxation

Taxation for the year 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 year 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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2025

2,726,050

Disposals

(12,212

)

At 31st March 2026

2,713,838

AMORTISATION

At 1st April 2025

2,113,714

Charge for year

149,025

Eliminated on disposal

(10,981

)

At 31st March 2026

2,251,758

NET BOOK VALUE

At 31st March 2026

462,080

At 31st March 2025

612,336

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

146,119

Disposals

(97,678

)

At 31st March 2026

48,441

DEPRECIATION

At 1st April 2025

31,606

Charge for year

13,981

Eliminated on disposal

(3,361

)

At 31st March 2026

42,226

NET BOOK VALUE

At 31st March 2026

6,215

At 31st March 2025

114,513

6.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

335,763

258,124

Other debtors

220,332

35,346

556,095

293,470

2026

2025

£

£

Amounts falling due after more than one year:

Other debtors

50,000

-

Aggregate amounts

606,095

293,470

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

86,288

78,068

Amounts owed to group undertakings

31,694

14,479

Taxation and social security

325,694

112,287

Other creditors

179,853

1,001,120

623,529

1,205,954

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

-

452

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

76,723

-

Deferred

tax

£

Provided during year

76,723

Balance at 31st March 2026

76,723

10.	RELATED PARTY DISCLOSURES

2026

2025

£

£

Image Analyser NZ Limited

The following services were provided by Image Analyser NZ Limited during the year

R&D Service Cost

692,564

197,656

Service Margin Cost

52,633

15,812

Payable as at 31.03.2026

-31,694

-14,479

Nicholas Drew

During the year the company purchased and cancelled 599 of its own shares from N Drew and his spouse. The

total paid for the 560 ordinary shares and 39 Class B shares was £161,730.

11.	CALLED-UP SHARE CAPITAL

2026

2025

£

£

Allotted, called-up and fully-paid

Ordinary shares of £1.00 each

7,355

7,915

"A" shares of £1.00 each

41

41

"B" shares of £1.00 each

-

39

7,396

7,995

12.	LITIGATION SETTLEMENT

The legal proceedings against a former employee for potential misuse of company funds have been concluded. No restatement of opening balances of retained earnings or expenditure through the Profit and Loss statement has been required.

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, I have prepared for your approval the financial statements of Image Analyser Limited for the year ended 31st March 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am 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 Image Analyser Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Image Analyser Limited and state those matters that I have agreed to state to the Board of Directors of Image Analyser Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Image Analyser Limited and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Image Analyser Limited 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 profit of Image Analyser Limited. You consider that Image Analyser Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Image Analyser Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Cameron Baum Hollander Limited

Chartered Accountants

Suite A

1-3 Canfield Place

London

NW6 3BT

28th August 2026