Share capital (Tables)

12 Months Ended

Dec. 31, 2025

Notes and other explanatory information [abstract]

Schedule of detailed information about share capital


Authorised, allotted and fully paid – classified as equity		2025 Number				2025 £				2024 Number				2024 £				2023 Number				2023£
At 31 December
Ordinary shares of £0.000001 each			225,817,808,922				225,818				6,685,918,922				334,296				1,189,577,722				1,189,578
‘A’ Deferred shares of £1 each			1,000,001				1,000,001				1,000,001				1,000,001				1,000,001				1,000,001
‘B’ Deferred shares of £0.001 each			4,063,321,418				4,063,321				4,063,321,418				4,063,321				4,063,321,418				4,063,321
‘C’ Deferred shares of £0.00005 each			126,547,389,518				6,327,370				126,547,389,518				6,327,370				–				–
‘D’ Deferred shares of £0.000001 each			2,482,747,137,178				2,482,747				–				–				–				–
Total							14,099,257								11,724,988								6,252,900

Schedule of warrant reserve recognize

Schedule of warrant reserve recognize
			Pre-Funded Warrants
As at 1 January 2025				1,773
Issued:
December 2025 Registered Offering				2,891,781
Exercised				(1,419,391	)
Lapsed				(33	)
As at 31 December 2025				1,474,130

Schedule of ordinary and deferred shares

Ordinary Shares
Number

‘A’ Deferred
Shares
Number

‘B’ Deferred
Shares
Number

‘C’ Deferred
Shares
Number

‘D’ Deferred
Share Number

Nominal value £

At 1 January 2023

5,417,137

1,000,001

5

15 February 2023

Private Placement*

98,387,275

–

–

–

–

98

26 May 2023

Registered Direct Offering*

276,697,310

–

–

–

–

277

14 June 2023

Share sub-division and
re-designation

–

4,063,321,418

–

–

n/a

21 December 2023

Shares issued on purchase
Intangible asset (see note 11)

323,684,800

–

–

–

–

324

21 December 2023

Registered Offering

485,391,200

–

–

–

–

485

At 31 December 2023

1,189,577,722

1,000,001

4,063,321,418

1,189

25 April 2024

Shares issued on purchase
Intangible asset (see note 11)

151,265,200

–

–

–

–

151

22 May 2024

Warrant inducement

1,614,435,600

–

–

–

–

1,614

22 July 2024

Registered Direct Offering

2,129,516,800

–

–

–

–

2,130

February - October 2024

Exercise pre-funded warrants

1,502,426,000

–

–

–

–

1,502

February - May 2024

Exercise Series E & Series F warrants

98,697,600

–

–

–

–

99

22 November 2024

Share sub-division and
re-designation

–

–

126,547,389,518

–

n/a

At 31 December 2024

6,685,918,922

1,000,001

4,063,321,418

126,547,389,518

6,685

15 May 2025

Warrant inducement

2,004,330,000

2,004

11 June 2025

Share sub-division and
re-designation

2,482,747,137,178

n/a

Shares issued under ELOC

59,488,460,000

59,488

19 December 2025

Registered Offering

157,639,100,000

157,639

At 31 December 2025

225,817,808,922

1,000,001

4,063,321,418

126,547,389,518

2,482,747,137,178

*	Number of shares issued includes exercise of pre-funded warrants and Series A, Series B and Series C warrants that were exercisable on an ‘alternative cashless basis’.