PBT Group (UK) Limited

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—5

Registered number: 10470058

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		186		433

			186		433
CURRENT ASSETS
Debtors	6	655,126		227,312
Cash at bank and in hand		120,258		121,775

		775,384		349,087
Creditors: Amounts Falling Due Within One Year	7	(437,951 )		(126,340 )

NET CURRENT ASSETS (LIABILITIES)			337,433		222,747

TOTAL ASSETS LESS CURRENT LIABILITIES			337,619		223,180

PROVISIONS FOR LIABILITIES
Deferred Taxation			(46 )		(108 )

NET ASSETS			337,573		223,072

CAPITAL AND RESERVES
Called up share capital	8		100		100
Income Statement			337,473		222,972

SHAREHOLDERS' FUNDS			337,573		223,072

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

The figures above for the year ended 31 March 2024 are restated due to the prior period adjustment, details of which can be found at Note 4.

The financial statements were approved by the board of directors on 10 December 2025 and were signed on its behalf by:

Mr Kenneth Wood

Director

The notes on pages 2 to 5 form part of these financial statements.

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PBT Group (UK) Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

PBT Group (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10470058 . The registered office is 2nd Floor Stanley House, London Road, Hook, Hampshire, RG27 9GA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The accounts are prepared in British Pound Sterling and the accounts are prepared to the nearest pound.

2.2. Turnover

Rendering of services

The company recognises revenue from the following major sources:

• time and material contracts

• fixed price contracts

Revenue from time and material contracts as well as fixed price contracts is recognised on an over time basis, as the customer simultaneously receives and consumes the service that the Company provides.

Revenue from providing services is recognised in the accounting period in which the service is rendered, i.e. when the performance obligation of the contract is met.

For time and material contracts, revenue is recognised as and when the service is provided, based on the number of hours worked per resource. For fixed price contracts, revenue is recognised monthly at a fixed amount per the contract as and when the service is provided.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% straight line

2.4. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.

Cash and cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. 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.

...CONTINUED

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PBT Group (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

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.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Prior Period Adjustment

It was identified that in the year to 31 March 2024, an additional consulting fee accrual should have been included in the profit and loss for the year. A prior period adjustment has been raised totalling £15,147, which increased the cost of sales and creditors: amounts falling due within one year. This had a £15,147 impact on the profit and loss reserve.

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	991

As at 31 March 2025	991

Depreciation
As at 1 April 2024	558
Provided during the period	247

As at 31 March 2025	805

Net Book Value
As at 31 March 2025	186

As at 1 April 2024	433

6. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	157,236	225,904
Prepayments and accrued income	1,241	1,276
Deposit - Regus	132	132
Amounts owed by group undertakings	496,517	-

	655,126	227,312

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PBT Group (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	642	995
Amounts owed to group undertakings	350,211	-
Other creditors	24,282	21,784
Taxation and social security	62,816	103,561

	437,951	126,340

8. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	100	100

100 Ordinary shares of £1 each.

9. Related Party Transactions

The company has taken advantage of the exemption in FRS 102 Section 1A paragraph 1AC.35 to not disclose transactions with wholly owned group entities.

The companies in the group are referred to collectively as PBT Group.

PBT Group Europe Besloten Vennootschap (PBT Group Europe B.V.)

Fellow subsidiary - company under common control

During the year PBT Group UK transferred cash to PBT Group Europe B.V. in order to support PBT Group Europe B.V. This amount has been subject to interest, revaluation and consolidation during the year. At the year end £415,883 was owed to the company (2024 - £nil).

The loan is unsecured, bears interest at a rate of 2% per annum and has no fixed terms of repayment. The amount of interest charged in the year was £4,734 (2024-£6,565).

PBT Group International Besloten Vennootschap (PBT Group International B.V.)

Holding company

During the year the company had excess funds and these were used to clear two outstanding loans owned by PBT Group International B.V. These are as follows:

loan to PBT Group (Australia) Proprietary Limited totalling £51,101.96. PBT Group (Australia) Proprietary Limited was formally part of the PBT Group. It ceased to be part of the group on 30 September 2023.

loan to All Claims Pty Ltd totalling £11,327.89. All Claims Pty Ltd is within the PBT Group.

At the year end £62,200.08 was owed to the company by PBT Group International B.V. This amount has been subject to interest, revaluation and consolidation during the year (2024- £nil).

The loan is unsecured, bears interest at a rate of 2% per annum and has no fixed terms of repayment. The amount of interest charged in the year was £1,074 (2024-£704).

10. Ultimate Parent Undertaking and Controlling Party

The company's immediate parent is PBT Group International B.V., incorporated in The Netherlands. The registered office is Keizersgracht 62, 1015CS Amsterdam, The Netherlands.

The ultimate parent is PBT Holdings Limited, incorporated in South Africa and is publicly traded on the Johannesburg stock exchange.The resgitered office is 2 Mews Close, Waterford Mews, Century City, 7441, South Africa.

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PBT Group (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Audit Information

The auditor's report on the accounts of PBT Group (UK) Limited for the year ended 31 March 2025 was unqualified.

We note that the financial statements for the year ended 31 March 2024 were not audited. Accordingly, no audit opinion is expressed on the prior period financial statements. We also draw your attention to note 4, which provides details of the prior period adjustment required within the financial statements to 31 March 2025.

The auditor's report was signed by Spencer Watson FCA (Senior Statutory Auditor) for and on behalf of Buckley Watson Limited , Statutory Auditor.

Buckley Watson Limited

57a Broadway

Leigh on Sea

SS9 1PE

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