REGISTERED NUMBER: 11305881 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

FOR

OPENBRIX LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S A Choudhury

J P Hards

A J Pigott

N R Peers

G R Williams

E W Fitzalan-Howard

M D Spence

A E Clarke

REGISTERED OFFICE:

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

REGISTERED NUMBER:

11305881 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,282

3,637

Investments

6

-

157,500

1,282

161,137

CURRENT ASSETS

Debtors

7

98,264

110,032

Cash at bank

307,029

4,378

405,293

114,410

CREDITORS

Amounts falling due within one year

8

61,464

679,439

NET CURRENT ASSETS/(LIABILITIES)

343,829

(565,029

)

TOTAL ASSETS LESS CURRENT LIABILITIES

345,111

(403,892

)

CREDITORS

Amounts falling due after more than one year

9

24,780

32,009

NET ASSETS/(LIABILITIES)

320,331

(435,901

)

CAPITAL AND RESERVES

Called up share capital

11

20

18

Share premium

2,749,341

2,241,964

Other reserves

853,923

314,857

Retained earnings

(3,282,953

)

(2,992,740

)

SHAREHOLDERS' FUNDS

320,331

(435,901

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2026 and were signed on its behalf by:

A J Pigott - Director

S A Choudhury - Director

1.	STATUTORY INFORMATION

Openbrix Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2025

and 30 April 2026

86,262

AMORTISATION

At 1 May 2025

and 30 April 2026

86,262

NET BOOK VALUE

At 30 April 2026

-

At 30 April 2025

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2025

8,647

Disposals

(1,719

)

At 30 April 2026

6,928

DEPRECIATION

At 1 May 2025

5,010

Charge for year

1,959

Eliminated on disposal

(1,323

)

At 30 April 2026

5,646

NET BOOK VALUE

At 30 April 2026

1,282

At 30 April 2025

3,637

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 May 2025

157,500

Disposals

(157,500

)

At 30 April 2026

-

NET BOOK VALUE

At 30 April 2026

-

At 30 April 2025

157,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Trade debtors

27,378

9,319

Other debtors

5,238

5,474

VAT

1,517

4,053

Deferred tax asset

Other timing differences

62,139

81,656

Prepayments

1,992

9,530

98,264

110,032

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans and overdrafts

7,229

7,051

Trade creditors

12,596

14,128

Taxation and social security

5,787

1,145

Other creditors

35,852

657,115

61,464

679,439

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans

24,780

32,009

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

1,978

10.	DEFERRED TAX

£

Balance at 1 May 2025

(81,656

)

Reversal of timing differences

(447

)

Deferred tax on share options

19,964

Balance at 30 April 2026

(62,139

)

The company has unused tax losses of £2.3m at the reporting date for which no deferred tax asset has been recognised.

11.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.4.26

30.4.25

value:

£

£

1,951,886

Ordinary

£0.00001

20

18

During the year 132,168 Ordinary shares with a nominal value of £0.00001 per share were issued via convertible loan notes for an aggregate consideration of £486,371.

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

13.	SHARE-BASED PAYMENT TRANSACTIONS

Share options were granted to certain employees, members of management and existing shareholders. The options vested immediately and do not expire. The options will be settled via issues of equity.

The movements in the number of share options during the year were as follows:

2026

2025

Number

Number

Outstanding at start of period

485,816

485,816

Granted during the period

139,315

-

Outstanding at end of period

625,131

485,816

Exercisable at end of period

625,131

485,816

The movements in the weighted average exercise price of share options during the year were as follows:

2026

2025

£

£

Outstanding at start of period

4.46

4.46

Granted during the period

-

-

Outstanding at end of period

3.46

4.46

Exercisable at end of period

3.46

4.46