REGISTERED NUMBER: 09526512 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

FOR

ANB SENSORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N S Lawrence

K McGuinness

G E Cruger

C Kelleher

REGISTERED OFFICE:

Building 6

Old Farm Business Centre

Church Road

Toft

Cambridgeshire

CB23 2RF

REGISTERED NUMBER:

09526512 (England and Wales)

ACCOUNTANTS:

TC Group

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

FIXED ASSETS

Tangible assets

5

-

302

CURRENT ASSETS

Stocks

51,403

77,908

Debtors

6

146,540

112,386

Cash and cash equivalents

39,623

45,195

237,566

235,489

CREDITORS

Amounts falling due within one year

7

(472,987

)

(378,337

)

NET CURRENT LIABILITIES

(235,421

)

(142,848

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(235,421

)

(142,546

)

CREDITORS

Amounts falling due after more than one year

8

(160,679

)

(236,155

)

NET LIABILITIES

(396,100

)

(378,701

)

CAPITAL AND RESERVES

Called up share capital

5,053

2,601

Share premium

2,943,720

2,290,942

Share-based payment reserve

11

7,875

6,237

Retained earnings

(3,352,748

)

(2,678,481

)

SHAREHOLDERS' FUNDS

(396,100

)

(378,701

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by:

K McGuinness - Director

1.	STATUTORY INFORMATION

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. In assessing the company’s ability to continue as a going concern, the directors have considered the company’s management information and expected cash flows for a period of at least twelve months from the date of approval of these financial statements.

Following the year end, the company completed a further investment round. The company is also generating revenue and expects to receive additional funding through its research and development tax credit claims.

Having considered these factors, the directors have a reasonable expectation that the company will have sufficient resources to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.

Turnover

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

Turnover represents sales excluding VAT in respect of calibration-free pH measuring technologies.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Computer equipment

-

25% on cost

Items which would otherwise meet the definition of a fixed asset under the value of £2,000 are expensed through the profit and loss account.

Stocks

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

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Research and development

Expenditure on research activities is recognised in profit or loss as incurred. The company has adopted a policy of recognising expenditure on internally generated development activities, including directly related patent application and prosecution expenditure, in profit or loss as incurred. Expenditure relating to the maintenance, renewal and protection of internally generated intellectual property is also recognised as an expense when incurred.

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.

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.

Operating leases

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

Grant funding

Government grants are recognised where the directors have a reasonable expectation that the conditions attaching to the grant will be satisfied and that the related funding will be received.

Revenue grants are recognised in profit or loss on a systematic basis over the periods in which the related expenditure is recognised. Grants received as compensation for expenditure already incurred are recognised in the period in which they become receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the related asset.

Share-based payments

Equity-settled share-based payments:

Equity-settled share-based payments, such as share options granted under the Company's Enterprise Management Incentive (EMI) scheme, are measured at the fair value of the equity instruments at the grant date.

The fair value determined at the grant date of the share scheme is charged to the profit and loss account over the vesting period, with a corresponding increase in equity. The amount recognised as an expense is adjusted to reflect the number of share options that are expected to vest based on the non-market vesting conditions.

Vesting conditions:

Vesting conditions, other than market conditions, are not considered when estimating the fair value of the shares or options at the grant date. Instead, these conditions are taken into account by adjusting the number of equity instruments expected to vest.

Modification and cancellation:

If the terms of an equity-settled share-based payment are modified, the minimum expense recognised is the original fair value of the grant unless the modification increases the total fair value of the share-based payment, in which case the increase is recognised over the remaining vesting period.

If an equity-settled award is cancelled, it is treated as an acceleration of vesting, and the amount that would have been recognised over the remaining vesting period is recognised immediately.

Other awards:

Where equity instruments are granted to persons other than employees, the award is charged to the profit and loss and is based upon the fair value of the goods and services received.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 13 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 May 2025

and 30 April 2026

4,832

3,785

8,617

DEPRECIATION

At 1 May 2025

4,530

3,785

8,315

Charge for year

302

-

302

At 30 April 2026

4,832

3,785

8,617

NET BOOK VALUE

At 30 April 2026

-

-

-

At 30 April 2025

302

-

302

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

40,064

9,629

Other debtors

106,476

102,757

146,540

112,386

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

168,477

68,755

Trade creditors

122,093

43,230

Taxation and social security

10,707

11,915

Other creditors

171,710

254,437

472,987

378,337

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

155,201

230,743

Other creditors

5,478

5,412

160,679

236,155

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

72,000

72,000

Between one and five years

36,000

108,000

108,000

180,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

323,678

299,498

Loans are secured by fixed and floating charges over the assets of the company.

11.

RESERVES

Share-based

payment

reserve

£

At 1 May 2025

6,237

Movement

1,638

At 30 April 2026

7,875

12.	DEFERRED TAX

A deferred tax asset has not been recognised with regard to trading losses on the basis that its recovery is not certain.

13.	RESEARCH AND DEVELOPMENT WITHHOLDING TAX DEBTOR

Included within other debtors is £42,945 (2025: £36,600) which can be utilised against future tax liabilities. The amount is not repayable in cash.

14.	SHARE-BASED PAYMENTS

The company issued share options to employees on 1st March 2023. The movements are as follows:

Weighted average exercise price (pence 2026

)

Number of shares under option 2026

Weighted average exercise price (pence 2025

)

Number of shares under option 2025

Outstanding at beginning of the year

1145

680

1145

3,436

Granted during the year

Expired during the year

Cancelled during the year

2,756

Outstanding at the end of the year

680

680

The total expense recognised in profit or loss in respect of equity-settled share-based payments was £1,638 (2025: £2,986).

At the balance sheet date, the share-based payment reserve was £7,875 (2025: £6,237), representing the cumulative amount recognised in equity in respect of unexercised share options.