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REGISTERED NUMBER: 12179372 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

MKMC INVESTMENTS LTD

| MKMC INVESTMENTS LTD (REGISTERED NUMBER: 12179372) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MKMC INVESTMENTS LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

| DIRECTORS: | G Molist Cordina

| Mrs D Molist Cordina

| REGISTERED OFFICE: | Ariadne House

| Town Quay

| Southampton

| Hampshire

| SO14 2AQ

| REGISTERED NUMBER: | 12179372 (England and Wales)

| ACCOUNTANTS: | Lewis Brownlee (Chichester) Limited

| Chartered Accountants

| Appledram Barns

| Birdham Road

| Chichester

| West Sussex

| PO20 7EQ

| MKMC INVESTMENTS LTD (REGISTERED NUMBER: 12179372) |

BALANCE SHEET

31 AUGUST 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 62,904 |  | 75,860 |  |

Investments | 5 | 265,883 |  | 209,081 |  |

328,787 |  | 284,941 |  |

CURRENT ASSETS

Debtors | 6 | 279,632 |  | 178,235 |  |

Investments | 7 | 10,000 |  | - |  |

Cash at bank | 25,377 |  | 31,311 |  |

315,009 |  | 209,546 |  |

CREDITORS

Amounts falling due within one year | 8 | 299,089 |  | 164,107 |  |

NET CURRENT ASSETS | 15,920 |  | 45,439 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 344,707 |  | 330,380 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 8,336 |  | 17,535 |  |

NET ASSETS | 336,371 |  | 312,845 |  |

CAPITAL AND RESERVES

Called up share capital | 5,005 |  | 5,005 |  |

Retained earnings | 331,366 |  | 307,840 |  |

336,371 |  | 312,845 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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.

| MKMC INVESTMENTS LTD (REGISTERED NUMBER: 12179372) |

BALANCE SHEET - continued

31 AUGUST 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2026 and were signed on its behalf by:

G Molist Cordina - Director

| MKMC INVESTMENTS LTD (REGISTERED NUMBER: 12179372) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. | STATUTORY INFORMATION

| MKMC Investments 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 as modified by the revaluation of certain assets.

| Preparation of consolidated financial statements

| The financial statements contain information about MKMC Investments Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| 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.

| Digital assets is being amortised evenly over its estimated useful life of nil years.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

| The average number of employees during the year was 1 (2024 - 1 ) .

| MKMC INVESTMENTS LTD (REGISTERED NUMBER: 12179372) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

4. | INTANGIBLE FIXED ASSETS

| Digital

| assets

£ |

| COST

| At 1 September 2024 | 109,552 |  |

| Additions | 1,030,539 |  |

| Disposals | (1,077,161 | ) |

| At 31 August 2025 | 62,930 |  |

| AMORTISATION

| At 1 September 2024 | 33,692 |  |

| Amortisation for year | 26 |  |

| Eliminated on disposal | (33,692 | ) |

| At 31 August 2025 | 26 |  |

| NET BOOK VALUE

| At 31 August 2025 | 62,904 |  |

| At 31 August 2024 | 75,860 |  |

5. | FIXED ASSET INVESTMENTS

| Listed

| investment

£ |

| COST OR VALUATION

| At 1 September 2024 | 209,081 |  |

| Revaluations | 56,802 |  |

| At 31 August 2025 | 265,883 |  |

| NET BOOK VALUE

| At 31 August 2025 | 265,883 |  |

| At 31 August 2024 | 209,081 |  |

| Cost or valuation at 31 August 2025 is represented by:

| Listed

| investment

£ |

| Valuation in 2025 | 265,883 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 269,700 |  | - |  |

| Other debtors | 9,932 |  | 178,235 |  |

279,632 |  | 178,235 |  |

| MKMC INVESTMENTS LTD (REGISTERED NUMBER: 12179372) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

7. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Shares in group undertakings | 10,000 |  | - |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | - |  | 1 |  |

| Amounts owed to group undertakings | 213,899 |  | 99,271 |  |

| Taxation and social security | 58,340 |  | 35,274 |  |

| Other creditors | 26,850 |  | 29,561 |  |

299,089 |  | 164,107 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans (see note 10) | 8,336 |  | 17,535 |  |

10. | LOANS

| During the 2021 financial period, the company was granted a bounce back loan. This will be fully repaid in the next financial year in line with the accepted government terms. It is denominated in £ with a nominal interest rate of 2.5%. The carrying amount at the 2025 year end was £8,336.

11. | RELATED PARTY DISCLOSURES

| The company has invested £10,000 for the acquisition of We UC Ltd, a wholly owned subsidiary.

| During the period, the company paid £419,747 (2024: £89,000) of recharges to We UC Ltd, a subsidiary entity. At the year end, the company owed £30,747 (2024: £60,000) to We UC Ltd.

| During the period, the company received £101,811 (2024: £20,845) of recharges from Circle Cloud Communications Ltd, an entity with common control. At the year end, the company owed £156,551(2024: £39,271) to Circle Cloud Communications Ltd.

| During the period, the company received £1,162,500 (2024: £565,183) of recharges from CircleNet LLP, an entity with common control. At the year end, the company owed £26,600 to CircleNet LLP.

| During the period, the company has accrued for licence fees to Minimal totalling £565,405. At the year end, the company was owed £269,700 (2024: £nil) by Minimal.