Contents of the Financial Statements

for the Period Ended 31 December 2025

Directors' report period ended 31 December 2025

The directors present their report with the financial statements of the company for the period ended 31 December 2025

Directors

The director shown below has held office during the whole of the period from
1 January 2025 to 31 December 2025

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 October 2026

And signed on behalf of the board by:
Name: Miles H M Lampson
Status: Director

Balance sheet

As at 31 December 2025

The notes form part of these financial statements

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The directors have chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at historical cost less accumulated depreciation. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Computer equipment – 33%.

  Other accounting policies

  Going concern: The financial statements have been prepared on the going concern basis. The director has confirmed that the Company will have the financial support of both its investors and its director, in order to meet its financial obligations as and when they fall due, for at least twelve months from the date of approval of these financial statements. Foreign currency: The functional and presentation currency is GBP. Foreign currency transactions are translated at the spot rate on the transaction date; monetary items at the year end are translated at the closing rate. Research and development: Research expenditure is expensed as incurred. Development expenditure is capitalised only when specific criteria are met, and amortised straight-line over 3 to 6 years. Pensions: The Company operates a defined contribution scheme. Contributions are expensed when they fall due; unpaid contributions are shown as a liability. Taxation: Current tax is calculated using rates enacted at the balance sheet date. Research and development tax credits are recognised when received or receivable. Deferred tax assets are recognised only where recovery is probable. Financial instruments: The Company applies Section 11 ‘Basic Financial Instruments’ of FRS 102. Debtors, cash and creditors are measured at transaction price, less any impairment. Amounts received from investors under subscription agreements pending allotment of shares are shown within other reserves.

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	2	3