Twist Solutions Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Twist Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13253794 . The registered office is 154 Shoreditch High Street, London, E1 6HU.

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.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are he companaies website and branding It is amortised to the profit and loss account over its estimated economic life of 3 years.

2.5. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

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Twist Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

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	3 years straight line
Computer Equipment	3 years straight line

2.7. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

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.

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.

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Twist Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.11. Share-based payments

The company operates an equity-settled compensation plan. The fair value of the services received in exchange for the grant of the options is recognised as an expense in the income statement. The total amount to be expensed over the vesting period is determined by reference to the fair value of the options granted, excluding the impact of any non-market vesting conditions (for example, profitability and sales growth targets). Non-market vesting conditions are included in assumptions about the number of options that are expected to vest. At each statement of financial position date, the entity revises its estimates of the number of options that are expected to vest. It recognises the impact of the revision to original estimates, if any, in the income statement. The credit entry is taken to reserves because the share options are equity-settled.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2025: 5)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2025	-
Additions	21,210

As at 31 March 2026	21,210

Amortisation
As at 1 April 2025	-
Provided during the period	2,357

As at 31 March 2026	2,357

Net Book Value
As at 31 March 2026	18,853

As at 1 April 2025	-

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Twist Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	4,258	27,668	31,926
Additions	-	5,455	5,455

As at 31 March 2026	4,258	33,123	37,381

Depreciation
As at 1 April 2025	4,164	20,988	25,152
Provided during the period	59	3,760	3,819

As at 31 March 2026	4,223	24,748	28,971

Net Book Value
As at 31 March 2026	35	8,375	8,410

As at 1 April 2025	94	6,680	6,774

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	10,000	5,800
Other debtors	53,469	150,517

	63,469	156,317

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	39,421	20,889
Bank loans and overdrafts	-	1,051
Other creditors	14,033	19,125
Taxation and social security	-	13,671

	53,454	54,736

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Twist Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

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

	2026	2025
	£	£
Other loans	-	818,363

Included within other loans falling due after more than one year is an amount of £nil (2025 - £818,363) owed to a number of individuals that have entered into a convertible loan agreements with the company. The loans are at an interest rate of 8% and are repayable after 24 months.

At the maturity date the loan is convertible into the most senior class of shares in the company at that

date

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	176	114

10. Further information regarding the company's financial position

The company operates an EMI qualifying share option scheme and during the period the company granted 84,658 EMI qualifying share options to employees of the company (2025 - 29,200). At the statement of financial position date, the company had granted a total of 126,358 share options (2025 - 41,700) at an average weighted exercise price of £0.0001 per share (2025 - £0.0001).

At the statement of financial position date, 56,201 options had lapsed (2025 - 56,201), no options were exercised (2025 - nil), 28,157 options had vested and remained exercisable (2025 - 16,588), and 83,986 options had yet to vest (2025 - 24,040).

An amount of £26,607 has been charged to the income statement in respect of the EMI qualifying share options (2024 - (£33,819)).

The share options generally vest over a 4-year/3-year period with a 1-year cliff and are exercisable over the shares of the company.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		18,853		-
Tangible Assets	5		8,410		6,774

			27,263		6,774
CURRENT ASSETS
Debtors	6	63,469		156,317
Cash at bank and in hand		1,957,023		134,755

		2,020,492		291,072
Creditors: Amounts Falling Due Within One Year	7	(53,454 )		(54,736 )

NET CURRENT ASSETS (LIABILITIES)			1,967,038		236,336

TOTAL ASSETS LESS CURRENT LIABILITIES			1,994,301		243,110

Creditors: Amounts Falling Due After More Than One Year	8		-		(818,363 )

NET ASSETS/(LIABILITIES)			1,994,301		(575,253 )

CAPITAL AND RESERVES
Called up share capital	9		176		114
Share premium account			5,215,990		1,764,845
Other reserves			54,710		38,153
Profit and Loss Account			(3,276,575 )		(2,378,365 )

SHAREHOLDERS' FUNDS			1,994,301		(575,253)