Company No: 06680687 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		€		€
Fixed assets
Investments	4	11,549,144		13,956,000
		11,549,144		13,956,000
Current assets
Debtors	5	51,787		51,787
		51,787		51,787
Creditors: amounts falling due within one year	6	( 96,559)		( 96,559)
Net current liabilities		(44,772)		(44,772)
Total assets less current liabilities		11,504,372		13,911,228
Net assets		11,504,372		13,911,228
Capital and reserves
Called-up share capital	7	335,000,000		335,000,000
Profit and loss account		( 323,495,628 )		( 321,088,772 )
Total shareholder's funds		11,504,372		13,911,228

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Sensitlive Limited (registered number: 06680687) were approved and authorised for issue by the Director. They were signed on its behalf by:

Ms Eva De Almeida Director

09 October 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sensitlive Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Sandford Gate East Point Business Park, Sandy Lane West, Oxford, OX4 6LB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in EUR which is the functional currency of the company and rounded to the nearest €.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences

20 years straight line

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each reporting date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	1		1

3. Intangible assets

	Trademarks, patents and licences		Total
	€		€
Cost
At 01 June 2024	335,000,000		335,000,000
At 31 May 2025	335,000,000		335,000,000
Accumulated amortisation
At 01 June 2024	335,000,000		335,000,000
At 31 May 2025	335,000,000		335,000,000
Net book value
At 31 May 2025	0		0
At 31 May 2024	0		0

4. Fixed asset investments

	2025		2024
	€		€
Subsidiary undertakings	11,549,144		13,956,000

Investments in subsidiaries

	2025
	€
Cost
At 01 June 2024	54,000,000
At 31 May 2025	54,000,000
Provisions for impairment
At 01 June 2024	40,044,000
Impairment	2,406,856
At 31 May 2025	42,450,856
Carrying value at 31 May 2025	11,549,144
Carrying value at 31 May 2024	13,956,000

The investments in subsidiaries have been impaired to its fair value as determined by the directors.

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.05.2025	Held
SYS8 Holding Limited	Sandford Gate, East Point Business Park, Sandy Lane, West Oxford, United Kingdom, OX4 6LB	Developing new technologies	Ordinary	82.91%	Direct
SYS8 Trade Limited	Carpenter Court, 1 Maple Road, Bramhall, Stockport, Chesire, United Kingdom, SK7 2DH	Developing new technologies.	Ordinary	81.29%	Indirect

5. Debtors

	2025		2024
	€		€
Amounts owed by group undertakings	51,787		51,787

Amounts owed by group undertakings are interest free, unsecured and are repayable on demand.

6. Creditors: amounts falling due within one year

	2025		2024
	€		€
Amounts owed to group undertakings	96,559		96,559

Amounts owed to group undertakings are interest free, unsecured and are repayable on demand.

7. Called-up share capital

	2025		2024
	€		€
Allotted, called-up and fully-paid
335,000 Ordinary shares of € 1,000.00 each	335,000,000		335,000,000

8. Related party transactions

Other related party transactions

At the year end, the company had outstanding balances with group undertakings comprising amounts owed by group undertakings of €51,787 (2024: €51,787) and amounts owed to group undertakings of €96,559 (2024: €96,559). All balances were unsecured, interest-free and repayable on demand.