Company No: 07554409 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director

P Maliszewski

Registered office	18 Sandringham Road
	Derby
	DE21 4EY
	United Kingdom

Company number

07554409 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	2024		2023
		£		£
Fixed assets
Investments	4	612,500		612,500
		612,500		612,500
Current assets
Debtors	5	178,818		186,384
Cash at bank and in hand	6	476		689
		179,294		187,073
Creditors: amounts falling due within one year	7	( 2,000)		( 2,000)
Net current assets		177,294		185,073
Total assets less current liabilities		789,794		797,573
Net assets		789,794		797,573
Capital and reserves
Called-up share capital	8	804,732		804,732
Profit and loss account		( 14,938 )		( 7,159 )
Total shareholder's funds		789,794		797,573

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Panvista Technologies Limited (registered number: 07554409) were approved and authorised for issue by the Director on 23 September 2025. They were signed on its behalf by:

P Maliszewski Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Panvista Technologies Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 18 Sandringham Road, Derby, DE21 4EY, United Kingdom. The company's registered number is 07554409.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 January 2024	1,558		1,558
At 31 December 2024	1,558		1,558
Accumulated depreciation
At 01 January 2024	1,558		1,558
At 31 December 2024	1,558		1,558
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Fixed asset investments

	Investments in associates		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	612,500		612,500
At 31 December 2024	612,500		612,500
Carrying value at 31 December 2024	612,500		612,500
Carrying value at 31 December 2023	612,500		612,500

5. Debtors

	2024		2023
	£		£
Amounts owed by associates	178,818		186,384

6. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	476		689

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Accruals	2,000		2,000

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
804,732 Ordinary shares of £ 1.00 each	804,732		804,732

9. Related party transactions

Panvista Technologies Limited has an investment in QZ Solutions Sp. z.o.o., an unlisted company in Poland, for the shares in the company. By virtue of its shareholding, the company is an associate. At the year end there has been no impairment and the value of the investment is £612,500.

During the year, Panvista Technologies Limited has continued to provide a loan to QZ Solutions Sp. z.o.o. and the loan is interest-free. The total amount owed from QZ Solutions Sp. z.o.o. at the year end was £178,818 (2023 - £186,384) and is included within debtors.

10. Ultimate controlling party

Panvista Technologies Limited is owned solely by the parent company, Future Processiong S.a r.l., a private limited liability company, incorporated and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 11, rue Pierre 4, Werner, L-6832 Betzdorf, Grand Duchy of Luxembourg and registered with the Luxembourg trade and companies register under number B 226883.

Future Processing S.a r.l. is owned solely by The Czaja Foundation, a discretionary foundation in Liechtenstein which is the ultimate parent company