REGISTERED NUMBER: 16436719 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 8 MAY 2025 TO 31 DECEMBER 2025

FOR

CAMBRIDGE MOBILE TELEMATICS UK LTD.

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Mr W V Powers

Mr F E Smith II

Registered office:

Ground Floor, Templeback

10 Temple Back

Bristol

BS1 6FL

Registered number:

16436719 (England and Wales)

Auditors:

Nortons Assurance Limited

Chartered Accountants & Statutory Auditor

Second Floor

NOW Building

Thames Valley Park

Reading

Berkshire

RG6 1RB

CURRENT ASSETS

Debtors

4

56,316

Cash at bank

7,663

63,979

CREDITORS

Amounts falling due within one year

5

(58,556

)

NET CURRENT ASSETS

5,423

TOTAL ASSETS LESS CURRENT LIABILITIES

5,423

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

5,323

SHAREHOLDERS' FUNDS

5,423

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:

Mr F E Smith II - Director

1.	STATUTORY INFORMATION

Cambridge Mobile Telematics UK 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.

The company's functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

To align the year end with that of the parent company, the accounting reference period ending 31 May 2026 was shortened to end on 31 December 2025.

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 represents amounts charged to the Company's parent under a sales and marketing agreement,excluding value added tax. Turnover is recognised when chargeable costs are incurred.

There are no items of other comprehensive income for 20205 other than the profit for the period. As a result no separate Statements of Comprehensive Income has been presented.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measure initially at fair value, net of transactions costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are creditors measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transactions costs, and are measured subsequently at amortised cost using the effective interest method.

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 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.

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.

Share based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).

Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

Going concern

These annual financial statements have been prepared on a going concern basis and do not reflect the adjustments to the carrying values of assets and liabilities and the reported expenses and balance sheet classifications that would be necessary if the Company were unable to realise its assets and settle its liabilities as a going concern in the normal course of operations. Cambridge Mobile Telematics UK Ltd is a cost plus entity and so is considered to be financially dependent on the parent company for support. Management has applied judgment in the assessment of the Company's ability to continue as a going concern, considering all available information, and concluded that the going concern assumption is appropriate for a period of at least twelve months from the approval of these financial statements. This assumption is based on the current net assets of the Company and management's current operating plans.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

53,845

VAT

848

Prepayments

1,623

56,316

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

930

Corporation tax

1,634

Social security and other taxes

6,603

Pension Liabilities

330

Accrued expenses

49,059

58,556

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' report was unqualified.

Karen Cairns (Senior Statutory Auditor)

for and on behalf of Nortons Assurance Limited

8.	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.

The pension cost charge represents contributions payable by the company to the fund and amounted to £442, contributions totalling £330 were payable to the fund at the balance sheet date and are included in creditors.

9.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is Cambridge Mobile Telematics Inc., an entity incorporated in Delaware, the United States of America. Its registered office address is 314 Main Street, Suite 1200, Cambridge, MA, United States of America, 02142.