Supportwave Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Supportwave Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12603179 . The registered office is 65 London Wall, London, EC2M 5TU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

The company's principal activity continues to be that of providing information technology service activities.

The current financial period represents the period from 1 June 2025 to 31 May 2026. The comparative financial period represents the period from 1 June 2024 to 31 May 2025.

The presentational currency of the financial statements is Pound Sterling.

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses.

Actual results may differ from estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected. Information about areas of estimation, uncertainty and critical judgements in applying accounting policies that have the most significant effect on the amounts recognised in the financial statements.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Significant judgements and estimations

The company does not have any significant judgements and estimates in place during the year ended 31 May 2026.

There were no changes to accounting policies during the year.

2.4. Turnover

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are domains. These are amortised to the profit and loss account over its estimated economic life of 10 years.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	4 Year useful life
Computer Equipment	4 Year useful life

Page 3

Page 4

Supportwave Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.7. Financial Instruments

The company has elected to apply the provisions of Section 11 ’Basic Financial Instruments’ and Section 12 ’Other Financial Instruments issues’ of FRS 102 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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.

Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from related parties are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debtinstrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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 andsubsequently measured at amortised cost using the effective interest method.

2.8. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

...CONTINUED

Page 4

Page 5

Supportwave Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.9. Taxation - continued

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.10. Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.11. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.12. Investments

Investments are recognised at cost less accumulated impairment. The Directors assess impairment of these investments on an annual basis and any impairment is recognised in the profit or loss.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 7)

4. Intangible Assets

	Other
	£
Cost
As at 1 June 2025	9,296

As at 31 May 2026	9,296

Amortisation
As at 1 June 2025	1,859
Provided during the period	930

As at 31 May 2026	2,789

Net Book Value
As at 31 May 2026	6,507

As at 1 June 2025	7,437

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 June 2025	1,833	32,014	33,847
Additions	4,570	9,979	14,549
Disposals	(1,332 )	(8,654 )	(9,986 )

As at 31 May 2026	5,071	33,339	38,410

...CONTINUED

Page 5

Page 6

Supportwave Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

Depreciation
As at 1 June 2025	678	15,031	15,709
Provided during the period	1,290	8,315	9,605
Disposals	(583 )	(6,898 )	(7,481 )

As at 31 May 2026	1,385	16,448	17,833

Net Book Value
As at 31 May 2026	3,686	16,891	20,577

As at 1 June 2025	1,155	16,983	18,138

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 June 2025	1,100,000

As at 31 May 2026	1,100,000

Provision
As at 1 June 2025	-
Impairment losses	1,100,000

As at 31 May 2026	1,100,000

Net Book Value
As at 31 May 2026	-

As at 1 June 2025	1,100,000

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	400,567	238,029
Other debtors	298,768	6,953

	699,335	244,982
Due after more than one year
Other debtors	6,646	6,646

	705,981	251,628

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	30,273	32,105
Other creditors	218,295	288,960
Taxation and social security	26,237	45,098

	274,805	366,163

Page 6

Page 7

Supportwave Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Other creditors	-	600,000

10. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
1,000,000 Ordinary Shares of £ 0.0001 each	100	100
659,879 Ordinary A shares of £ 0.0001 each	66	52
252,252 Ordinary C shares of £ 0.0001 each	25	-

	191	152

Preference Shares

	2026	2025
Allotted, called up and fully paid	£	£
409,087 Preference Shares of £ 0.0001 each	41	27


Shares issued during the period:	£
136,363 Ordinary A shares of £ 0.0001 each	14
252,252 Ordinary C shares of £ 0.0001 each	25
136,363 Preference Shares of £ 0.0001 each	14

	53

11. Contingent Liabilities

There were no contingent laibilities as at the reporting date (2025: £Nil).

12. Reserves

	Share Premium	Profit and Loss Account
	£	£
As at 1 June 2025	2,323,413	(1,877,922 )
Loss for the year and total comprehensive income	-	(1,021,995 )

Arising on shares issued during the period	1,999,959	-

As at 31 May 2026	4,323,372	(2,899,917 )

Share premium account

The share premium account represents amounts above par value paid by shareholders on issue of shares.

Profit and loss reserves

Profit and loss reserves include all current and prior period retained profits and losses.

13. Post Balance Sheet Events

There are no post balance sheet events after the reporting date.

Page 7

Page 8

Supportwave Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

14. Ultimate Controlling Party

The company's ultimate controlling party is Mr Kelvin Wetherill by virtue of his holding of a majority of the voting rights in the company.

15. Audit Information

The auditor's report on the accounts of Supportwave Ltd for the year ended 31 May 2026 was signed on 22 October 2026 and was unqualified.

The auditor's report was signed by Tafadzwa George Mushambi, BSc (Hons), FCCA (Senior Statutory Auditor) for and on behalf of Mushambi & Associates Limited , Statutory Auditor.

Mushambi & Associates Limited

Statutory Auditor

North London Business Park, Oakleigh Road South

London

N11 1GN

Page 8

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		6,507		7,437
Tangible Assets	5		20,577		18,138
Investments	6		-		1,100,000

			27,084		1,125,575
CURRENT ASSETS
Debtors	7	705,981		251,628
Cash at bank and in hand		965,427		34,630

		1,671,408		286,258
Creditors: Amounts Falling Due Within One Year	8	(274,805 )		(366,163 )

NET CURRENT ASSETS (LIABILITIES)			1,396,603		(79,905 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,423,687		1,045,670

Creditors: Amounts Falling Due After More Than One Year	9		-		(600,000 )

NET ASSETS			1,423,687		445,670

CAPITAL AND RESERVES
Called up share capital	10		232		179
Share premium account			4,323,372		2,323,413
Profit and Loss Account			(2,899,917 )		(1,877,922 )

SHAREHOLDERS' FUNDS			1,423,687		445,670