# BOARD MEETING MINUTES
Date: 14 February 2031
Parties: Northshore Bioanalytics Limited board of directors
## 1. Purpose and parties
A meeting of the board of Northshore Bioanalytics Limited was held at the registered office on 14 February 2031 at 10:00. Directors Priya Shah (chair), Tom Ellis and Naomi Reed attended; the company secretary recorded the minutes. A quorum was present throughout.
## 2. Facts, scope and terms
The chair noted the agenda and confirmed that notice was properly given. Naomi declared an interest in the proposed laboratory lease because her spouse is a director of the landlord; she did not vote on that matter and left for the relevant discussion. The declaration is entered in the interests register.
## 3. Process and responsibilities
The board discussed the 2025-26 management accounts, cash runway and the Lumen Peak subscription. Discussion is not itself a resolution. After considering solvency, conflicts and the company's interests, the board RESOLVED to approve the subscription documents and authorise Priya to sign, subject to completion conditions.
## 4. Evidence, records and safeguards
The board further RESOLVED to open a segregated client-sample account, subject to bank onboarding and data-protection controls. It approved the laboratory lease in principle but deferred the binding commitment until an unconflicted quorum reviewed the final rent and break clause; no lease was authorised at this meeting.
## 5. Review, escalation and outcome
The finance director presented a cash forecast. Directors noted that the company appeared able to pay debts as they fell due on current assumptions, but instructed monthly monitoring and immediate escalation of any contrary evidence. No dividend was declared and no guarantee was approved.
## 6. Reservations and practical protections
Actions are: Priya to circulate signed subscription documents by 17 February; Tom to obtain the updated cash forecast by 20 February; the secretary to file the allotment return after completion and retain the conflict declaration. The minutes are subject to approval at the next meeting.
## 7. England and Wales law and completion
The meeting closed at 11:35. These minutes record decisions made, not a verbatim transcript. They are approved by the chair on 21 February 2031 under England and Wales company law and the Companies Act 2006.