REGISTERED NUMBER: 14599960 (England and Wales)

STRATASYS UK DISTRIBUTION LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Profit and loss account

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Cash Flow Statement

14

Notes to the Cash Flow Statement

15

Notes to the Financial Statements

16

DIRECTORS:

Mr A Langfeld

Mr E Zamir

SECRETARY:

Mr U Hempler

REGISTERED OFFICE:

3 Premus, Brunel Park

Coldharbour Way

Aylesbury

United Kingdom

HP19 8AP

REGISTERED NUMBER:

14599960 (England and Wales)

AUDITORS:

Keelings Limited

Statutory Auditors, Chartered Tax Advisers

and Chartered Certified Accountants

Broad House

1 The Broadway

Old Hatfield

Hertfordshire

AL9 5BG

The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS

The company is performing well for its first period trading and was established in January 2023 to specialise in selling and distributing.

Stratasys UK Distribution Ltd is a leading provider of 3D printing materials, supplying a wide range of high-quality filament, resin, powders, and related consumables for industrial and consumer use. We serve a diverse customer base, including manufacturers and engineers, offering both standard and specialised materials compatible with a variety of 3D printing technologies. Our product offerings Thermoplastics for FDM and SAF Technology and Photopolymer for PolyJet, P3 and SL Technologies, providing innovative solutions for a rapidly evolving market.

The company plays a key strategic role in fostering the Stratasys Group vision which is to become supplier's number one choice for additive manufacturing in the polymer space.

The company has a good net asset position of £781,453.

PRINCIPAL RISKS AND UNCERTAINTIES

Market Competition

The company operates in a competitive market. To mitigate this risk, the Directors constantly monitor competition and customer service to maintain the strong reputation.

Cost Pressures

The current economic environment has resulted in the Company facing higher costs, driven by 3 key sources:

Brexit - the Company is at risk of facing higher costs on goods.

General Inflation - Maintaining strong relationships with suppliers helps the Company to obtain price stability as well as entering into supply agreements which guarantee both price and quality.

Technological Advancements

The 3D printing industry is rapidly evolving, and the constant need to innovate and adapt to new technologies presents both opportunities and risks. Failure to keep pace with advancements in printing technologies and materials could lead to a loss of market share to competitors.

Credit risk

The company has low credit risk as the nature of the business results in a large customer base and minimum credit sales.

Regulatory Compliance

The 3D printing industry is subject to various regulations, particularly with regard to the use of materials in industries like healthcare and aerospace. Any changes in regulations or new compliance requirements could result in increased costs or restrict access to certain markets.

Customer Acquisition and Retention

While we have made significant efforts to attract new customers, the cost of customer acquisition is high, especially in a competitive market. Retaining customers will also be a challenge, requiring us to maintain high-quality products, excellent customer service, and competitive pricing.

GOING CONCERN

The company continues to assess the going concern basis and maintains a healthy financial position and performance.

We have received a formal letter of support from the company's ultimate parent undertaking, Stratasys Limited, guaranteeing continued financial support to enable the company to meet its liabilities as they fall due for the foreseeable future.

FINANCIAL KEY PERFORMANCE INDICATIORS

The Directors considers total sales, gross profit margin and net profit to be the key performance indicators of the company.

The following table sets out how we engage with our key stakeholders.

Stakeholder

Stakeholder's Interest

Management response and actions

Customers

Innovation

Be customer first is one of our key values. We are here to provide solutions and help the customer to advance their product lifetime cycle management with innovative and sustainable solutions. Our investment and vision are showcasing our belief and thepotential in the industry.

Sustainability

We take sustainability seriously, as one of the first companies in the additive manufacturing environment we have launched a sustainability report which can be found on our homepage.

Suppliers

Trustworthy/reliability

We are honoured to work with our professional supplier network, the trust and relationship that has formed over time is crucial to maintain a long term cooperation.We care about our suppliers and listen. Our code of conduct and regular training of our staff, secures appropriate behaviour, serves as navigator in the day to day and lastly ensures compliance on various supply chain acts.

Shareholders

Communications

As a public trading company at NASDAQ in the United States and as SEC compliant and audited company, we keep our shareholders informed and most up to date. All public information can be found on the Stratasys Homepage under Investor Relationship.

Governance

Corporate Governance is a top priority at Stratasys and we ensure that good governance practices are held. More about our approach can be found on our Homepage concerning Sustainability/Governance.

Communities

Social contribution

We are committed to creating a future where generations to come can thrive. Stratasys is dedicated to promoting education and healthcare, making 3D Printing accessible to all. Our community outreach is based on our values and our UN Sustainable Development Goals. Stratasys is active in schools around the world, and in Academic Institutions, so that the workforce of tomorrow is exposed to "learning by making", today.

ON BEHALF OF THE BOARD:

Mr A Langfeld - Director

24 September 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of wholesale of machinery and equipment, business and domestic software development, engineering related scientific and technical consulting activities.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mr A Langfeld

Mr E Zamir

Other changes in directors holding office are as follows:

Mr M Ludwig - resigned 30 September 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Keelings Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr A Langfeld - Director

24 September 2025

Opinion

We have audited the financial statements of Stratasys Uk Distribution Limited (the 'company') for the year ended 31 December 2024 which comprise the Profit and loss account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine 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, the directors are 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 unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

We gained an understanding of the legal and regulatory framework applicable to the Entity and the industry in which it operates and considered the risk of acts by Management which were contrary to applicable laws and regulations, including fraud. These included, but were not limited to, compliance with Financial Reporting Framework FRS 102, Companies Act 2006, General Data Protection Regulations, and applicable Health and Safety and Employment Legislation. We made enquiries of the Directors of the Company to obtain further understanding of the risks of non-compliance. We focused on laws and regulations that could give rise to a material misstatement in the financial statements. Our tests included, but were not limited to:

- agreement of the financial statement disclosures to underlying supporting documentation;

- enquiries of Management regarding known or suspected instances of non-compliance with laws and regulations;

- review of minutes of the Board meetings throughout the year; and

- obtaining an understanding of the control environment in place to prevent and detect irregularities.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Domenico Maurello (Senior Statutory Auditor)

for and on behalf of Keelings Limited

Statutory Auditors, Chartered Tax Advisers

and Chartered Certified Accountants

Broad House

1 The Broadway

Old Hatfield

Hertfordshire

AL9 5BG

24 September 2025

TURNOVER

28,592,340

14,758,895

Cost of sales

27,383,508

13,825,935

GROSS PROFIT

1,208,832

932,960

Distribution costs

670,167

348,366

Administrative expenses

52,566

(10,732

)

722,733

337,634

OPERATING PROFIT

486,099

595,326

Interest receivable and similar income

4

19,917

14,757

PROFIT BEFORE TAXATION

5

506,016

610,083

Tax on profit

6

216,731

118,015

PROFIT FOR THE FINANCIAL YEAR

289,285

492,068

PROFIT FOR THE YEAR

289,285

492,068

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

289,285

492,068

CURRENT ASSETS

Stocks

7

11,337,014

9,899,020

Debtors

8

14,656,778

9,637,677

Cash at bank

935,794

2,345,480

26,929,586

21,882,177

CREDITORS

Amounts falling due within one year

9

26,148,133

21,390,009

NET CURRENT ASSETS

781,453

492,168

TOTAL ASSETS LESS CURRENT LIABILITIES

781,453

492,168

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

781,353

492,068

SHAREHOLDERS' FUNDS

781,453

492,168

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mr A Langfeld - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Changes in equity

Issue of share capital

100

-

100

Total comprehensive income

-

492,068

492,068

Balance at 31 December 2023

100

492,068

492,168

Changes in equity

Total comprehensive income

-

289,285

289,285

Balance at 31 December 2024

100

781,353

781,453

Cash flows from operating activities

Cash generated from operations

1

(1,429,603

)

2,330,623

Net cash from operating activities

(1,429,603

)

2,330,623

Cash flows from investing activities

Interest received

19,917

14,757

Net cash from investing activities

19,917

14,757

Cash flows from financing activities

Share issue

-

100

Net cash from financing activities

-

100

(Decrease)/increase in cash and cash equivalents

(1,409,686

)

2,345,480

Cash and cash equivalents at beginning of year

2

2,345,480

-

Cash and cash equivalents at end of year

2

935,794

2,345,480

1.	RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

PERIOD

18.1.23

YEAR ENDED

TO

31.12.24

31.12.23

£

£

Profit for the financial year

289,285

492,068

Finance income

(19,917

)

(14,757

)

Taxation

216,731

118,015

486,099

595,326

Increase in stocks

(1,437,994

)

(9,899,020

)

Increase in trade and other debtors

(5,019,101

)

(9,637,677

)

Increase in trade and other creditors

4,541,393

21,271,994

Cash generated from operations

(1,429,603

)

2,330,623

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

935,794

2,345,480

Period ended 31 December 2023

31.12.23

18.1.23

£

£

Cash and cash equivalents

2,345,480

-

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank

2,345,480

(1,409,686

)

935,794

2,345,480

(1,409,686

)

935,794

Total

2,345,480

(1,409,686

)

935,794

1.	STATUTORY INFORMATION

Stratasys Uk Distribution Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

The directors have received a formal letter of support from the company's ultimate parent undertaking, Stratasys Limited, guaranteeing continued financial support to enable the company to meet its liabilities as they fall due for the foreseeable future.

On the basis of their assessment of the company’s financial position and after confirmations received from the directors of Stratasys Limited, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Stratasys Uk Distribution Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are

recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 December 2024 nor for the period ended 31 December 2023.

The average number of employees during the year was as follows:

PERIOD

18.1.23

YEAR ENDED

TO

31.12.24

31.12.23

Office and administration

1

1

Sales, marketing and distribution

1

1

Manufacturing

1

1

3

3

PERIOD

18.1.23

YEAR ENDED

TO

31.12.24

31.12.23

£

£

Directors' remuneration

-

-

4.

INTEREST RECEIVABLE AND SIMILAR INCOME

PERIOD

18.1.23

YEAR ENDED

TO

31.12.24

31.12.23

£

£

Deposit account interest

19,917

14,757

5.	PROFIT BEFORE TAXATION

The profit is stated after charging/(crediting):

PERIOD

18.1.23

YEAR ENDED

TO

31.12.24

31.12.23

£

£

Foreign exchange differences

16,567

(13,576

)

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

PERIOD

18.1.23

YEAR ENDED

TO

31.12.24

31.12.23

£

£

Current tax:

UK corporation tax

216,731

118,015

Tax on profit

216,731

118,015

UK corporation tax has been charged at 25% (2023 - 25%).

7.

STOCKS

2024

2023

£

£

Stocks

11,337,014

9,899,020

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

12,637,694

8,677,756

Amounts due from group

undertakings

2,019,084

940,798

Other debtors

-

6,164

VAT

-

12,959

14,656,778

9,637,677

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

163,719

111,541

Tax

334,746

118,015

VAT

901,249

-

Other creditors

1,270

-

Amounts owed to group

undertakings

22,756,656

18,992,281

Accruals and deferred income

1,990,493

2,168,172

26,148,133

21,390,009

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100

11.

RESERVES

Retained

earnings

£

At 1 January 2024

492,068

Profit for the year

289,285

At 31 December 2024

781,353

12.	ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Stratasys Solutions Limited. Stratasys Solutions Limited was incorporated in England and Wales.

The ultimate parent undertaking is Stratasys Limited (incorporated in Israel), a company traded on NASDAQ. Copies of Stratasys Limited consolidated financial statements can be obtained from their website, www.stratasys.com. In the opinion of the Directors there is no ultimate controlling party. Page