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KPIsSections10
Income flow
| Revenue — GREEN | £1.5M | +1168.6% YoY |
|---|---|---|
| Gross margin — GREEN | 38.1% | |
| Net income — GREEN | -£1.6M | |
| Net margin — GREEN | -106.4% | |
| Operating margin — GREEN | -23.7% |
Red flags3 red1 orange
Liquidity4
RED
Negative operating cash flow
operating_cf_burnThe company is burning cash from operations — sustainability depends on financing.
RED
Net margin -106.4%
net_margin_sharply_negativeNet income margin below -5% — profitability materially negative vs revenue.
ORANGE
Current ratio 0.50
current_ratio_lowCurrent assets are below current liabilities — short-term liquidity pressure.
RED
Cash runway ~0.2 years
cash_runway_lowAt current burn rate, cash covers less than 2 years — may require near-term financing.
Income Statement
| Metric | Value | Flag |
|---|---|---|
| Basic EPS | -£0.18 | GREEN |
| Cost Of Revenue | £956,118 | GREEN |
| Gross Margin | 38.1% | GREEN |
| Gross Profit | £589,042 | GREEN |
| Income Tax Expense | £89,795 | GREEN |
| Interest Expense | £1.1M | GREEN |
| Interest and Investment Income | £22,945 | GREEN |
| Net Income | -£1.6M | GREEN |
| Net Margin | -106.4% | GREEN |
| Operating Income | -£365,609 | GREEN |
| Operating Margin | -23.7% | GREEN |
| Other Non Operating Income (Expenses) | £14 | GREEN |
| Pre-tax Income | -£1.5M | GREEN |
| Revenue | £1.5M | GREEN |
| Selling General & Admin Exp | £954,035 | GREEN |
Balance Sheet
| Metric | Value | Flag |
|---|---|---|
| Accrued Expenses | £914,886 | GREEN |
| Additional Paid In Capital | £7.5M | GREEN |
| Capital Leases | £0 | GREEN |
| Cash & Equivalents | £112,534 | GREEN |
| Common Stock | £101,153 | GREEN |
| Comprehensive Income and Other | £9,778 | GREEN |
| Current Assets | £2.1M | GREEN |
| Current Liabilities | £4.2M | GREEN |
| Current Portion of Capital Leases | £13,012 | GREEN |
| Goodwill | £22,227 | GREEN |
| Inventory | £43,429 | GREEN |
| Noncontrolling Interest | £125,711 | GREEN |
| Retained Earnings | -£10.0M | GREEN |
| Short Term Investments | £222,945 | GREEN |
| Total Assets | £2.2M | GREEN |
| Total Equity | -£2.2M | GREEN |
| Total Liabilities | £4.2M | GREEN |
Cash Flow
| Metric | Value | Flag |
|---|---|---|
| Change in Accounts Receivable | -£1.2M | GREEN |
| Change in Inventories | -£22,567 | GREEN |
| Financing Cash Flow | £555,839 | GREEN |
| Foreign Exchange Rate Effect | -£1,314 | GREEN |
| Investing Cash Flow | £7 | GREEN |
| Issuance of Common Stock | £384,000 | GREEN |
| Long Term Debt Issued | £200,000 | GREEN |
| Net Income (starting point for CFO) | -£338,191 | GREEN |
| Operating Cash Flow | -£460,459 | GREEN |
Sections in this filing
Market Risk
(iv) Liquidity risk Liquidity ris k is the risk that the G roup will encounter diffi culty in m eeting obli gations associated with financial liabilities. The responsibilit y for liquidity risk managem ent rests with the Board o f Directors. As at the repor ting date, the Grou p had net current li abilities of £2, 116 , 689, with £1,189,996 being deriva tive financial inst ruments tha t does not involve r epayment in cash . The post - year - end financing com pleted in Q1 2026 rai sed approxi mately £ 9 million gross proce eds, significant ly improving the Group ’ s liquidit y position for futur e operation. The Board of (iii) Credit risk Credit risk is th e risk that one party to a financial instrument wi ll cause a finan cial loss for the other par ty by fai ling to disc harge an obli gation. The carryi ng amount of fi nancial assets recognised o n the consolidated s tatement of financia l position, which is net of impair ment losses, r epresents the G roup’s exposure to credit r isk without ta king into ac count the va lue of any collate ral held or other credit enhancements . The Group’s maximum e xposure to credit risk is summarised i n Note 2 5 . Credit risk a rises mainly from the inability of customers to make paym ents when due. The analys is of ageing de btors is provided in note 15. Most of the G roup’s cash in banks have been deposited with re putable and creditwor thy banks in China and Hong Ko ng. Management con siders there is minimal c redit risk associated wi th those balance s .