Surfboard Technology Limited

	Page
Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3—6

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Balance Sheet

As At 31 January 2026

Balance Sheet

Registered number: 13008246

		31 January 2026		31 January 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,227		5,919

			1,227		5,919
CURRENT ASSETS
Debtors	5	134,622		318,781
Cash at bank and in hand		903,592		1,944,632

		1,038,214		2,263,413
Creditors: Amounts Falling Due Within One Year	6	(346,048 )		(439,802 )

NET CURRENT ASSETS (LIABILITIES)			692,166		1,823,611

TOTAL ASSETS LESS CURRENT LIABILITIES			693,393		1,829,530

NET ASSETS			693,393		1,829,530

CAPITAL AND RESERVES
Called up share capital	7		2		2
Share premium account			-		5,489,775
Profit and Loss Account			693,391		(3,660,247 )

SHAREHOLDERS' FUNDS			693,393		1,829,530

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr B Reed

Director

28/10/2026

The notes on pages 3 to 6 form part of these financial statements.

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Surfboard Technology Limited

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. General Information

Surfboard Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13008246 . The registered office is 5 New Street Square, London, EC4A 3TW.

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 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. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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. 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:

Plant & Machinery	Straight Line 33.33%
Computer Equipment	Straight Line 33.33%

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

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. They are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction. In that case, the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets

Financial assets measured at amortised cost are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that the estimated future cash flows have been affected as a result of one or more events that occurred after initial recognition.

...CONTINUED

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Surfboard Technology Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. Financial Instruments - continued

The amount of impairment is the difference between the asset’s carrying amount and the present value of the estimated future cash flows, discounted at the financial asset’s original effective interest rate. The carrying amount of the financial asset is reduced by the amount of the impairment, and the loss is recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is limited so that the carrying amount does not exceed what it would have been had the impairment not previously been recognised, and it is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity. Financial assets are also derecognised if the company, despite having retained some significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction. In that case, the debt instrument 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 and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2.6. 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.

2.7. 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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Surfboard Technology Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.8. Debtors

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

2.9. Cash at bank and in hand

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.

In the statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company’s cash management.

2.10. Creditors

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

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 February 2025	2,356	34,730	37,086

As at 31 January 2026	2,356	34,730	37,086

Depreciation
As at 1 February 2025	1,596	29,571	31,167
Provided during the period	709	3,983	4,692

As at 31 January 2026	2,305	33,554	35,859

Net Book Value
As at 31 January 2026	51	1,176	1,227

As at 1 February 2025	760	5,159	5,919

5. Debtors

	31 January 2026	31 January 2025
	£	£
Due within one year
Trade debtors	85,165	57,653
Amounts owed by group undertakings	19,954	1,035
Other debtors	29,503	260,093

	134,622	318,781

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Surfboard Technology Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Creditors: Amounts Falling Due Within One Year

	31 January 2026	31 January 2025
	£	£
Trade creditors	73,516	13,350
Other creditors	159,480	426,452
Taxation and social security	113,052	-

	346,048	439,802

7. Share Capital

	31 January 2026	31 January 2025
	£	£
Allotted, Called up and fully paid	2	2

On 30th September 2025, the Company passed a special resolution to reduce its share premium account from £5,489,775 to £nil by the cancellation of £5,489,775, pursuant to section 641 of the Companies Act 2006. The reduction was effected by the solvency statement procedure under sections 642 to 644 of the Companies Act 2006, with the directors having made the requisite solvency statement.

The amount of £5,489,775 cancelled was transferred to the Company's profit and loss reserve and, in accordance with the provisions of the Companies Act 2006, became available as a distributable reserve.

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 January 2026	31 January 2025
	£	£
Not later than one year	-	130,440
Later than one year and not later than five years	-	10,870

	-	141,310

9. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Dialpad, Inc . Dialpad, Inc was incorporated in the USA. Dialpad, Inc heads both the largest and smallest group of which the company is a member and for which consolidated accounts are prepared. Copies of the consolidated accounts may be obtained from Dialpad, Inc 's registered office at 2700 Camino Ramon, San Ramon, CA 94583. The ultimate controlling party is Dialpad, Inc , who controls 100% of the shares of Surfboard Technology Limited .

10. Audit Information

The auditor's report on the accounts of Surfboard Technology Limited for the year ended 31 January 2026 was unqualified.

The auditor's report was signed by Russel Byrd (FCA) (Senior Statutory Auditor) for and on behalf of Byrd + Link Audit Limited , Statutory Auditor.

Byrd + Link Audit Limited

Honeybourne Place

Jessop Avenue

Cheltenham

GL50 3SH

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Director	Mr B Reed

Secretary	Taylor Wessing Secretaries Limited

Company Number	13008246

Registered Office	5 New Street Square
	London
	EC4A 3TW

Accountants	dines Accountancy Limited
	ACCA
	Edinburgh House
	170 Kennington Lane
	London
	SE11 5DP

Auditors	Byrd + Link Audit Limited
	Honeybourne Place
	Jessop Avenue
	Cheltenham
	GL50 3SH