41737379 2025-01-01 2025-12-31 c:ContributedCapitalMember 41737379 2025-01-01 2025-12-31 c:SharePremiumMember 41737379 2025-01-01 2025-12-31 c:RetainedEarningsMember 41737379 2025-01-01 2025-12-31 41737379 2025-01-01 2025-12-31 1 41737379 2025-01-01 2025-12-31 1 41737379 2025-01-01 2025-12-31 2 41737379 2025-01-01 2025-12-31 3 41737379 2025-01-01 2025-12-31 4 41737379 2025-01-01 2025-12-31 5 41737379 2025-01-01 2025-12-31 1 41737379 2024-01-01 2024-12-31 41737379 2025-12-31 41737379 2024-12-31 41737379 2025-01-01 c:ContributedCapitalMember 41737379 2025-01-01 c:SharePremiumMember 41737379 2025-01-01 c:RetainedEarningsMember 41737379 2025-12-31 c:ContributedCapitalMember 41737379 2025-12-31 c:SharePremiumMember 41737379 2025-12-31 c:RetainedEarningsMember 41737379 2025-01-01 c:DepositsLongtermInvestmentsAndReceivablesMember 41737379 2025-01-01 2025-12-31 c:DepositsLongtermInvestmentsAndReceivablesMember 41737379 2025-12-31 c:DepositsLongtermInvestmentsAndReceivablesMember iso4217:DKK xbrli:pure 0 0 0 true BDO Statsautoriseret Revisionspartnerselskab Havneholmen 2, 6. sal DK-2450 Copenhagen SV 45719375 2026-06-19 Bjarke Ingemann Finlov Årsrapport Nemlia ApS Vesterbrogade 149 1620 Copenhagen V Den uafhængige revisors erklæring om udvidet gennemgang 41737379 2020-09-24 Copenhagen 2025-01-01 2025-12-31 2024-01-01 2024-12-31 BDO Statsautoriseret Revisionspartnerselskab Havneholmen 2, 6. sal 2450 Copenhagen SV Bank Betri Kristianiagade 7 2100 Copenhagen Ø Today the Board of Directors and Executive Board have discussed and approved the Annual Report of Nemlia ApS for the fi­nan­ci­al year 1 January  - 31 December 2025. The Annual Report is presented in accor­dance with the Da­nish Fi­nan­ci­al State­ments Act. In our opinion the Fi­nan­ci­al Sta­te­ments give a true and fair view of the Company's assets, liabilities and financial position at 31 December 2025 and of the results of the Company's operations for the fi­nan­ci­al year 1 January  - 31 December 2025. The Management Commentary includes in our opinion a fair presentation of the matters dealt with in the Commentary. We recommend the Annual Report be approved at the Annual General Meeting. Copenhagen V 2026-06-19 Peer Bentzen Bjarke Ingemann Finlov Chairman Jan Petersen Joel undir Leitinum Ole Nattestad Tórheðin Jónsveinson Jensen To the Shareholder of Nemlia ApS Konklusion We ha­ve per­for­med an extended review of the Fi­nan­ci­al Sta­te­ments of Nemlia ApS for the fi­nan­ci­al year 1 January - 31 December 2025, which comprise income statement, Balance Sheet, sta­te­ment of chan­ges in e­qui­ty and no­tes, including a summary of significant accounting policies. The Fi­nan­ci­al Sta­te­ments are pre­pared under the Danish Financial State­ments Act.   Based on the work performed in our o­pi­ni­on, the Fi­nan­ci­al Sta­te­ments gi­ve a true and fair vi­ew of the Com­pa­ny's financial position at 31 December 2025 and of the results of the Com­pa­ny's operations for the fi­nan­ci­al year 1 January - 31 December 2025 in accordance with the Danish Financial Statements Act.   Basis for ConclusionGrundlag for konklusion We conducted our extended review in accordance with the Danish Business Authority's Assurance Standard for Small Enterprises and FSR – Danish Auditors' standard on extended review of Financial Statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the "Auditor's Responsibilities for the Extended Review of the Fi­nan­ci­al Sta­te­ments” section of our report. We are independent of the Com­pa­ny in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code), together with the ethical requirements that are relevant to our audit of the Financial Statements in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We be­lie­ve that the e­vi­den­ce we ha­ve ob­tai­ned is suf­fi­ci­ent and ap­prop­ria­te to pro­vi­de a ba­sis for our con­clu­si­on.   Grundlag for konklusion Emphasis of Matter Regarding the Extended Review The company has voluntarily opted for audit obligation for the current financial year, and it has been decided to conduct an extended review of the annual financial statements. We must emphasize, as also stated in the annual financial statements, that no extended review or audit has been conducted on the comparative figures in the annual financial statements.   Management's Re­spon­si­bi­li­ti­es for the Fi­nan­ci­al Sta­te­ments Management is responsible for the preparation of Fi­nan­ci­al Sta­te­ments that give a true and fair view in accordance with the Danish Financial Statements Act, and for such Internal control as Ma­na­ge­ment determines is necessary to enable the preparation of Fi­nan­ci­al Sta­te­ments that are free from material misstatement, whether due to fraud or error.   In preparing the Fi­nan­ci­al Sta­te­ments, Ma­na­ge­ment is responsible for assessing the Com­pa­ny's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the Fi­nan­ci­al Sta­te­ments unless Management either intends to liquidate the Com­pa­ny or to cease operations, or has no realistic alternative but to do so.   Our responsibility is to express a conclusion on the Fi­nan­ci­al Sta­te­ments. This requires that we plan and perform procedures in order to obtain limited assurance for our conclusion on the Fi­nan­ci­al Sta­te­ments and in addition perform specifically required supplementary procedures to obtain further assurance for our conclusion.   An extended review comprises procedures that primarily consist of making inquiries of Ma­na­ge­ment and others within the Company, as appropriate, analytical procedures and the specifically required supplementary procedures as well as evaluation of the evidence obtained.   The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on the Fi­nan­ci­al Sta­te­ments.   Statement on the Management Commentary Management is responsible for the Ma­na­ge­ment Com­men­ta­ry.   Our conclusion on the Fi­nan­ci­al Sta­te­ments does not cover the Ma­na­ge­ment Com­men­ta­ry, and we do not express any form of assurance conclusion thereon.   In connection with our extended review of the Fi­nan­ci­al Sta­te­ments, our responsibility is to read the Ma­na­ge­ment Com­men­ta­ry and, in doing so, consider whether the Ma­na­ge­ment Com­men­ta­ry is materially inconsistent with the Fi­nan­ci­al Sta­te­ments or our knowledge obtained during the extended review, or otherwise appears to be materially misstated.   Moreover, it is our responsibility to consider whether the Ma­na­ge­ment Com­men­ta­ry provides the information required under the Danish Financial Statements Act.   Based on the work we have performed, we conclude that the Ma­na­ge­ment Com­men­ta­ry is in accordance with the Fi­nan­ci­al Sta­te­ments and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in the Ma­na­ge­ment Com­men­ta­ry.   Copenhagen 2026-06-19 BDO Statsautoriseret Revisionspartnerselskab 45719375 Mads Juul Hansen Den uafhængige revisors erklæring om udvidet gennemgang State Authorised Public Accountant mne44386 Principal activities The Company’s purpose is to conduct business activities related to trade and services and any activities related thereto. Unusual matters Management has identified an error in the 2024 annual report relating to the recognition of the Company's holiday allowance obligation. The effect of the material misstatement has been recognized in equity as a change of equity due to correction of errors. Reference is made to the accounting policies, including the description of the impact on the annual report.   Development in activities and financial and economic position Management draws attention to the fact that the Company has lost its entire share capital. Management expects that the share capital will be re-established through future positive operating results. The Company’s principal shareholders have provided letter of support, under which they undertake to provide the necessary liquidity to the Company until 31 December 2026 in order to ensure the Company’s continued operations and its ability to meet its obligations as they fall due. Based on the letter of support and Management’s assessment of the Company’s future earnings potential, Management believes that the Company will be able to continue as a going concern. Accordingly, the annual report has been prepared on the basis of the going concern assumption. Reference is made to note 1 “Going concern assumptions”.   Significant events after the end of the financial year No events have occurred after the end of the financial year of material importance for the Company's financial position.   -809158 -1663006 3976256 3029802 -4785414 -4692808 113 50 246018 266900 -5031319 -4959658 0 0 -5031319 -4959658 -5031319 -4959658 -5031319 -4959658 43054 29124 43054 29124 43054 29124 338698 22079 0 49547 90308 70183 429006 141809 348689 487363 777695 629172 820749 658296 1040001 40003 -5703137 -7388718 -4663136 -7348715 5089256 7716890 5089256 7716890 119242 57562 394629 290121 5483885 8007011 820749 658296 DKKSha­re ca­pi­talShare PremiumRetained earningsTotal Equity at 1 January 202540.0030-7.244.558-7.204.555Change of equity due to correction of errors-144.160-144.160Adjusted equity at 1 January 202540.0030-7.388.718-7.348.715 Proposed profit allocation -5.031.319-5.031.319 Transactions with ownersCapital increase999.9986.716.9007.716.898 TransfersRetained premium -6.716.9006.716.9000 Equity at 31 December 20251.040.0010-5.703.137-4.663.136 40003 0 -7244558 -144160 -5031319 999998 6716900 -6716900 6716900 1040001 0 -5703137 1 | Going concern assumptions The Company’s principal shareholders have provided letter of support, under which they undertake to provide the necessary liquidity to the Company until 31 December 2026 in order to ensure the Company’s continued operations and its ability to meet its obligations as they fall due. Based on the letter of support and Management’s assessment of the Company’s future earnings potential, Management believes that the Company will be able to continue as a going concern. Accordingly, the annual report has been prepared on the basis of the going concern assumption. 2025Not audited 2024 DKKDKK 2 | Staff costs Ave­ra­ge num­ber of full ti­me em­ploy­ees65 Wages and salaries 3.557.0272.729.775 Pensions 373.593263.165 Social security costs 45.63636.862 3.976.2563.029.802 6 5 3557027 2729775 373593 263165 45636 36862 3976256 3029802 3 | Other financial income Other interest income 11350 11350 113 50 113 50 4 | Other financial expenses Interest expenses to group enterprises 245.729266.831 Other interest expenses 28969 246.018266.900 245729 266831 289 69 246018 266900 5 | Financial non-current assets DKKRent deposit and other receivables Cost at 1 January 2025 29.124Additions 18.130Disposals -4.200Cost at 31 December 2025 43.054  Carrying amount at 31 December 202543.054 29124 18130 4200 43054 43054 6 | Long-term liabilities 31/12 2025RepaymentDebt outstanding31/12 2024DKKtotal liabilitiesnext yearafter 5 yearstotal liabilities Debt to owners and management 5.089.256007.716.890 5.089.256007.716.890 0 Contingent liabilities The Company has lease obligations with a notice period of 2 months.   The total contingent liabilities as of the balance sheet date amount to: 41.800 41800 The Annual Report of Nemlia ApS for 2025 has been presented in accor­dance with the pro­vi­sions of the Da­nish Fi­nan­ci­al State­ments Act for en­ter­pri­ses in re­por­ting class B and cer­tain pro­vi­si­ons ap­ply­ing to re­por­ting class C.  Regnskabsklasse B1truetrueThe Annual Report is prepared consistently with the accounting principles applied last year.   Regnskabsklasse B true Change resulting from material misstatement In the annual report for 2024, a material misstatement was identified due to the non-recognition of the Company's holiday pay obligation.  The error resulted in staff costs being understated in the income statement for the financial year 2024. The error has been corrected in the annual report and results in an increase in the income statement line item “Staff costs” of DKK'000 144, and an increase in the loss for the year 2024 of DKK'000 144 before tax. Furthermore, the error results in an increase of DKK'000 144 in the balance sheet line item “Other liabilities” under current liabilities. The error has no tax effect. The effect of the material misstatement has been recognized in equity as a “Change of equity due to correction of errors”, with DKK'000 144 allocated to retained earnings. Consequently, the comparative figures have been restated. In the annual report for 2024, a material misstatement was identified due to the non-recognition of the Company's holiday pay obligation.  The error resulted in staff costs being understated in the income statement for the financial year 2024. The error has been corrected in the annual report and results in an increase in the income statement line item “Staff costs” of DKK'000 144, and an increase in the loss for the year 2024 of DKK'000 144 before tax. Furthermore, the error results in an increase of DKK'000 144 in the balance sheet line item “Other liabilities” under current liabilities. The error has no tax effect. The effect of the material misstatement has been recognized in equity as a “Change of equity due to correction of errors”, with DKK'000 144 allocated to retained earnings. Consequently, the comparative figures have been restated. Net revenue Net revenue from sale of services are recognised in the Income Statement if supply and risk transfer to purchaser has taken place before the end of the year and if the income can be measured reliably and is expected to be received.   Net revenue is recognised exclusive of VAT and less duties and discounts related to the sale.   Other external expenses Other external expenses include other production, sales, delivery and administrative costs, including costs of energy, marketing, premises, loss on bad debts,  lease expenses, etc   Staff costs Staff costs comprise wages and salaries, including holiday pay and pensions, and other costs of social security etc., for the Com­pa­ny's employees.   Financial income and expenses Financial income and expenses include interest income and expenses, realised and unrealised gains and losses arising from securities, debt and transactions in foreign currencies, as well as charges and allowances under the tax-on-account scheme, etc. Financial income and expenses are recognised by the amounts that relate to the financial year. Interest income and expenses are calculated on amortised cost prices.   Tax The tax for the year, which consists of the current tax for the year and changes in deferred tax, is recognised in the Income Statement by the share that may be attributed to the profit for the year, and is recognised directly in equity by the share that may be attributed to entries directly to equity.   Financial non-current assets Deposits include rental deposits which are recognised and measured at cost. Deposits are not depreciated.   Receivables Receivables are measured at amortised cost which usually corresponds to nominal value. The value is written down to meet expected losses.   Accruals, assets Accruals recognised as assets include costs incur­red relating to the subsequent financial year.   Tax payable and deferred tax Current tax liabilities and receivable current tax are recognised in the Balance Sheet as the calculated tax on the taxable income for the year, ad­justed for tax on the taxable income for previous years and taxes paid on account.   Deferred tax is measured on the temporary dif­ferences between the carrying amount and the tax value of assets and liabilities.   Deferred tax assets, including the tax value of tax loss carryforwards, are measured at the amount at which the asset is expected to be used within a reasonable number of years, either by setoff against tax on future earnings or by setoff against deferred tax liabilities within the same legal tax entity.   Deferred tax is measured on the basis of the tax rules and tax rates that under the legislation in force on the Balance Sheet date will be ap­pli­cable when the deferred tax is expected to crystallise as current tax. Any changes in the deferred tax resulting from changes in tax rates, are recognised in the income statement, except from items recognised directly in equity.   Liabilities Financial liabilities are recognised at the time of borrowing by the amount of proceeds received less transaction costs. In subsequent periods, the financial liabilities are measured at amortised cost equal to the capitalised value when using the effective interest, the difference between the proceeds and the nominal value being recog­nised in the Income Statement over the loan period.   The amortised cost of current liabilities corresponds usually to the nominal value.   Foreign currency translation Transactions in foreign currencies are translated at the rate of exchange on the transaction date. Exchange differences arising between the rate on the transaction date and the rate on the payment date are recognised in the Income Statement as a financial income or expense. Receivables, payables and other monetary items in foreign currencies that are not settled on the Balance Sheet date are translated at the exchange rate on the Balance Sheet date. The difference between the exchange rate on the Balance Sheet date and the exchange rate at the date when the receivables or payables come into existence recognised in the Income Statement as financial income or expenses.