PHYTOME LIFE SCIENCES PLC

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.4 in the financial statements, which indicates that the group will require additional working capital, and they are in advanced discussions with investors and shareholders with respect to receiving further funding, over the next few months. We note that the ability of the group to meet their working capital requirements over the next 12 months is contingent on future funding being received. In addition, we note that the groups Home Office licence which is essential for their operations is due for renewal in late 2025, and should this licence not be renewed the group will not be able to continue their activities.

1. PHYTOME LIFE SCIENCES PLC 2023-06-22 → present
2. PHYTOME RESEARCH PLC 2023-06-06 → 2023-06-22

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. 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

IFRS

Reporting scope

Consolidated group

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1.4 in the financial statements, which indicates that the group will require additional working capital, and they are in advanced discussions with investors and shareholders with respect to receiving further funding, over the next few months. We note that the ability of the group to meet their working capital requirements over the next 12 months is contingent on future funding being received. In addition, we note that the groups Home Office licence which is essential for their operations is due for renewal in late 2025, and should this licence not be renewed the group will not be able to continue their activities.”

Group structure

1. PHYTOME LIFE SCIENCES PLC · parent
   1. Phytome Research Limited 100% · UK · Medical research
   2. Phytome Nutraceuticals Limited 100% · UK · Dormant
   3. Ninety3 Biotech Limited 50% · UK · Dormant

Significant events

• “In July 2025 the Group repaid all of its short term loans. At the same time the Group took out a new loan of £3.8m, including interest and arrangement fees, which will fall due on 25 January 2026. The loan is secured against the Group's freehold land and property.”
• “The Group received the proceeds from the issue of convertible loan notes of £635,000 since the year end. The convertible loan notes issued since 31 December 2024 are convertible into a variable number of shares in the Company on the occurrence of certain specified future events or after 36 months from the closure of the offer. The number of shares to be issued is dependent upon the Company's share price. The convertible loan notes bear interest at 12% per annum which is included in the loan principal on conversion.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -87.8%

  £245,420 → £29,980

• Cash

  +483.3%

  £33,761 → £196,914

• Net assets

  -97.7%

  £2,500,552 → £57,908

• Employees

  -33.3%

  18 → 12

• Operating profit

  +24%

  -£2,485,967 → -£1,888,228

• Profit before tax

  +9%

  -£2,797,652 → -£2,545,862

• Wages

  -21.1%

  £1,188,062 → £937,797

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers