T-CYPHER BIO HOLDINGS LIMITED

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  Material uncertainty over going concern

  A material uncertainty exists over the successful completion of additional funding that may cast significant doubt on the company's ability to continue as a going concern. However, Directors expect adequate resources to continue in operational existence and meet liabilities for at least 12 months, and adopt the going concern basis.

• ·

  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

James Cowper Kreston Audit

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“A material uncertainty exists over the successful completion of additional funding that may cast significant doubt on the company's ability to continue as a going concern. However, Directors expect adequate resources to continue in operational existence and meet liabilities for at least 12 months, and adopt the going concern basis.”

Group structure

1. T-CYPHER BIO HOLDINGS LIMITED · parent
   1. T-Cypher Bio Limited 100% · England and Wales
   2. T-Cypher Bio US Inc 100% · United States

Significant events

• “Subsequent to the year end, the Group agreed revised financing arrangements with existing investors in place of the originally anticipated final tranche funding under the Series A raise. These arrangements include a £3.9 million convertible loan note facility and an extension to the Series A funding round to secure additional equity funding. The Directors consider these arrangements supportive of the Group's ongoing funding requirements and have taken them into account in their going concern assessment.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

2

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.