Dotlines International Limited (formerly Dotlines Global Limited)

Selected notes to the Consolidated Financial Statements (the full set of notes are available in the annual report and accounts)

Year ended 31 December 2025

1.    General information

Dotlines International Limited (formerly Dotlines Global Limited having changed its name on 11 May 2026) ("Dotlines International") is a limited company incorporated in England and Wales (company registration number 15833159) with its registered office address at 106 Baker Street, 1st Floor Office, London, W1U 6TW.

The primary business activities of Dotlines International, together with its subsidiaries (the "Dotlines International Group"), are general wholesale trade business, management consultancy services, and providers and facilitators of information communications and technologies.

2. Accounting policies

Basis of preparation

The Consolidated Financial Statements ("financial statements") for the year ended 31 December 2025 have been prepared on a going concern basis in accordance with UK-adopted International Accounting Standards and its interpretations ("IFRS"), as issued by the International Accounting Standards Board ("IASB"). All accounting policies have been applied consistently to all periods presented in these consolidated financial statements.

The financial statements are presented in GBP, which is the Dotlines International Group's presentational currency and amounts are rounded to the nearest thousand pounds, unless otherwise stated. The subsidiaries' functional currency is Singapore Dollars and Malaysian Ringgit. The parent's functional currency is pounds sterling.

The Dotlines International Group maintains its books and records in the functional currency of its respective subsidiaries and prepare financial statements in accordance with Generally Accepted Accounting Principles in the resident country. For the convenience of the reader, the Dotlines International Group has translated local currency amounts for the fiscal year ended 31 December 2025 and 31 December 2024 into GBP as per the guidance given under IAS 21 - Foreign Exchange. These translations should not be considered representations that any such amounts have been, could have been or could be converted into GBP at that or any other exchange rate as of that or any other date.

The principal accounting policies that have been applied to the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Group reorganisation and common control transactions

The acquisition of Dotlines Pte. Ltd. by Dotlines International Limited has been accounted for as a group reorganisation involving entities under common control. The consolidated financial statements have therefore been prepared using merger / pooling-of-interests principles, under which the assets and liabilities of the combining entities are recognised at their existing carrying values. The difference between the share capital issued by Dotlines International Limited and the carrying value of the interests acquired has been recognised in the group reorganisation reserve.

Going concern

For the year ended 31 December 2025 the Dotlines International Group generated a profit after tax of £840,000 (year to 31 December 2024: £797,000) and total comprehensive income of £844,000 (year to 31 December 2024: £808,000) and had net current assets of £2,379,000 as at that date (31 December 2024: £2,192,000). The Company's cash and cash equivalents amounted to £50,000 as at 31 December 2025 (31 December 2024: £117,000).

The Directors have made an assessment of the Dotlines International Group's ability to continue as a going concern and is satisfied that the Dotlines International Group has the resources to continue in business for the foreseeable future.  Furthermore, the Directors are not aware of any material uncertainties that may cast significant doubt upon the Dotlines International Group's ability to continue as a going concern.

3. Revenue from contracts with customers

All of the revenue arises in Singapore and Malaysia and is considered to arise from activities and general wholesale trade business, management consultancy services, and as providers and facilitators of information communications and technologies. The revenue is recognised at a point in time in accordance with the accounting policy noted earlier.

There are no contract assets and liabilities in the statement of financial position at each reporting date with the only balance due from customers being the trade receivables.

Total revenue from contracts with customers for each year:

4. Taxation

5. Earnings per share

Basic and diluted earnings per share is calculated by dividing the profit attributable to owners of Dotlines International Limited by the weighted average number of ordinary shares in issue during the period.

6. Trade and other receivables

7. Trade and other payables

8. Borrowings

* The balance relates to an unsecured loan facility from a body corporate which remained outstanding at the year end. The facility carries a fixed service fee of 12%. The facility remained outstanding at the reporting date under an extension arrangement agreed with the lender.

9. Other financial liabilities

10. Other financial assets

*The Dotlines International group has given 3% interest bearing loan to its related party which is repayable on demand.

11. Other non-financial assets

*Advances have been provided to related parties towards the development and implementation of a software platform. These advances will be adjusted against the technical know-how/royalty expense to be incurred towards use of the software platform.

12. Events after the reporting period

On 11 May 2026, as part of the wider Dotlines / Ikigai transaction and AIM admission, Dotlines Global Limited became the Company's person with significant control. On the same date, Dotlines Global Limited commenced trading on AIM under the ticker DOTL.

Subsequent to the reporting date, intercompany balances between Audra Solutions Limited and Dotlines International Limited as well as loans advanced by the founder Mr Mahbubul Matin, and dividends payable were eliminated on consolidation and accordingly do not represent liabilities of the consolidated group.

The directors have assessed this as a non-adjusting post balance sheet event and no adjustment has been made to these financial statements.

Results of Audra Solutions Limited

Audra Solutions Limited

Statement of Financial Performance

Period ended 31 December 2025

Audra Solutions Limited

Statement of Financial Position

As at 31 December 2025

Audra Solutions Limited

Statement of Cash Flows

Period ended 31 December 2025

Audra Solutions Limited

Statement of Changes in Equity

Period ended 31 December 2025

Audra Solutions Limited

Selected notes to the Financial Statements (the full set of notes are available in the annual report and accounts)

Period ended 31 December 2025

1. General information

Audra Solutions Limited is a limited company ("Company") incorporated in the United Kingdom under the Companies Act 2006 (registration number 14416796). The Company is domiciled in the United Kingdom and its registered address is 106 Baker Street, 1^st Floor Office, London, England, W1U 6TW.

The Company's principal activities are the provision of cybersecurity and information technology services.

2. Accounting policies

Basis of preparation

The Financial Statements presents the financial results and financial position of Audra Solutions Limited for the period ended 31 July 2024 and the period ended 31 December 2025. The Company had a long period of account in the period ending 31 October 2023 due to the Company being incorporated on 13^th October 2022. Management then decided to change the year end to July 2024 instead of October 2024 to align the period end with the anticipated reporting dates for future periods, however following the completion of the acquisition by Ikigai Ventures Limited subsequent to period end, the consolidated group's year end will be 31 December, hence the preparation of these financial statements to the period ended 31 December 2025.

The Financial Statements have been prepared on a going concern basis and has been prepared under International Financial Reporting Standards and Interpretations as adopted by the UK (collectively IFRSs) ("IFRS") and International Financial Reporting Interpretations Committee ("IFRIC") interpretations as adopted by the UK- adopted IFRS.

The Financial Statements are presented in GBP, which is also the Company's functional currency and amounts are rounded to the nearest pound, unless otherwise stated.

The principal accounting policies that have been applied to the Financial Statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Going concern

For the period ended 31 December 2025, the Company incurred a loss of £959,563 (period ending 31 July 2024: loss £421,039) and had net current liabilities of £1,376,390 as at that date. The Company's cash and cash equivalents amounted to £21,048 as at 31 December 2025.

The Directors have made an assessment of the Company's ability to continue as a going concern and is satisfied that the Company has the resources and ongoing support from the Parent and the Group to continue in business for the foreseeable future. The Directors are confident support from companies under common control will be provided in the form of interest free loans. Support is expected to be provided for at least 12 months from the date of admission, although this is not legally binding. The directors believe the amount of support available will be adequate for the Company to satisfy its liabilities as they fall due for at least the next 12 months from the date of admission.

Furthermore, the Directors are not aware of any material uncertainties that may cast significant doubt upon the Company's ability to continue as a going concern.

3. Revenue from contracts with customers

All of the revenue arises in the United Kingdom and are considered to arise from cybersecurity and information technology services. The revenue is recognised at a point in time in accordance with the accounting policy noted earlier.

There are no contract assets in the statement of financial position at each reporting date and liabilities in the statement of financial position at each reporting date relate to deferred income recognised.

4. Loss for the year

Total comprehensive income for the year is stated after charging:

5. Loss per share

Basic and diluted loss per share is calculated by dividing the loss attributable to owners of the Company by the weighted average number of ordinary shares in issue during the period detailed.

Continuing operations

6. Trade and other receivables

7. Trade and other payables

Amounts due in under one year:                                    

8. Borrowings

Amounts due in under 1 year:

The loans from directors are unsecured, interest free and repayable on demand.

Loans from related parties are interest free and repayable on demand.

Other loans bear an interest rate of 5.15% per calendar month.

9. Related Party Transactions

Key management compensation is shown in the full annual report and accounts. There were no other key management personnel other the Directors. The loans made from the Directors and other related parties are detailed below:

Above balances are the outstanding balances at each reporting date. The loan terms are detailed in note 8. Loans from related parties and loans to related parties are non-interest bearing and repayable upon demand.

10. Events after the reporting period

On 11 May 2026, as part of the wider Dotlines / Ikigai transaction and AIM admission, Dotlines Global Limited became the Company's person with significant control. On the same date, Dotlines Global Limited commenced trading on AIM under the ticker DOTL.

Subsequent to the reporting date, intercompany balances between Audra Solutions Limited and Dotlines International Limited as well as loans advanced by the founder Mr Mahbubul Matin, and dividends payable were eliminated on consolidation and accordingly do not represent liabilities of the consolidated group.

The directors have assessed this as a non-adjusting post balance sheet event and no adjustment has been made to these financial statements.