| Schedule of warrants issued but not exercised |
| | | | | | | June 30, | | December 31, | | | 2025 | | 2024 | | | No. | | No. | Public Warrants | | 15,264,935 | | 15,264,935 | Convertible Notes Warrants | | 4,000,000 | | 4,000,000 | Outstanding, end of period | | 19,264,935 | | 19,264,935 |
| | | | | | | | | | | Warrants and options in issue | | Warrant reserve | | | June 30, | | December 31, | | June 30, | | December 31, | | | 2025 | | 2024 | | 2025 | | 2024 | | | No. | | No. | | £ 000 | | £ 000 | Tranche A Warrants | | 7,500,000 | | — | | 9,006 | | — | Tranche B Warrants | | 7,500,000 | | — | | 14,212 | | — | SF Warrants | | 50,000,000 | | 50,000,000 | | 3,907 | | 3,907 | Virgin Atlantic Warrants | | 2,625,000 | | 2,625,000 | | 8,558 | | 8,558 | MWC Option | | 2,000,000 | | 2,000,000 | | 1,010 | | 1,010 | Outstanding, end of period | | 69,625,000 | | 54,625,000 | | 36,693 | | 13,475 |
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