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Registration number: 16336559

Prepared for the registrar
Pixelhouse Capital Limited
Annual Report and Financial Statements
for the Period from 24 March 2025 to 30 April 2025

Pixelhouse Capital Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 7

Pixelhouse Capital Limited

Company Information

Directors | D C Bulley A Reece J E L Barnett A Holmes M Quartermaine

Registered office | Spectrum 800, Ashchurch Business Park, Alexandra Way, Tewkesbury, Gloucestershire GL20 8TD

Auditors | Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Pixelhouse Capital Limited

(Registration number: 16336559)
Balance Sheet as at 30 April 2025

| Note | 2025 £
Fixed assets |  |
Investments | 4 | 1
Current assets |  |
Debtors | 5 | 4,899,689
Creditors: Amounts falling due within one year | 6 | (4,899,689)
Net current assets/(liabilities) |  | -
Net assets |  | 1
Capital and reserves |  |
Called up share capital | 7 | 1
Shareholders' funds |  | 1

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 January 2026 and signed on its behalf by:

J E L Barnett
Director

Pixelhouse Capital Limited

Notes to the Financial Statements for the Period from 24 March 2025 to 30 April 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Spectrum 800,
Ashchurch Business Park,
Alexandra Way,
Tewkesbury,
Gloucestershire
GL20 8TD

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Name of parent of group

These financial statements are consolidated in the financial statements of Pixelhouse Group Limited.

The financial statements of Pixelhouse Group Limited may be obtained from the company's registered office.

Going concern

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Pixelhouse Capital Limited

Notes to the Financial Statements for the Period from 24 March 2025 to 30 April 2025

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the period was 5.

| 4 | Investments

| 2025 £
Investments in subsidiaries | 1

Subsidiaries | £
Cost
Additions | 1
Provision
Carrying amount
At 30 April 2025 | 1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
*denotes indirect holding

Pixelhouse Capital Limited

Notes to the Financial Statements for the Period from 24 March 2025 to 30 April 2025

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025
Subsidiary undertakings
PixelHouse Holdings Limited | Spectrum 800, Ashchurch Business Park, Alexandra Way, Tewkesbury, Gloucestershire, GL20 8TD | Ordinary | 100%
DBPixelHouse Limited* | Spectrum 800, Ashchurch Business Park, Alexandra Way, Tewkesbury, Gloucestershire, GL20 8TD | Ordinary | 100%
Gravit8 Software Limited* | Spectrum 800, Ashchurch Business Park, Alexandra Way, Tewkesbury, Gloucestershire, GL20 8TD | Ordinary | 100%
D.B. Systems Limited* | Spectrum 800 Ashchurch Business Centre, Alexandra Way, Tewkesbury, Gloucestershire, England, GL20 8TD | Ordinary | 100%
DBPixelhouse LLC US* | 506 Carnegie CTR STE 400, Princeton, New Jersey, United States 08540-6243 | Ordinary | 100%
DB Pixelhouse B.V* | Joop Geesinkweg 901, Amsterdam-Duivendrecht, Netherlands, 1114 AB | Ordinary | 100%
Aztec Event Services Limited* | Unit B, Davis Road Industrial Estate, Chessington, Surrey, England, KT9 1TQ | Ordinary | 100%
Aztec Event Technology Limited* | Unit B, Davis Road Industrial Estate, Chessington, Surrey, England, KT9 1TQ | Ordinary | 100%
Aztec Event Holdings Limited* | Unit B, Davis Road Industrial Park, Davis Road, Chessington, England, KT9 1TQ | Ordinary | 100%
Aztec Event Europe S.L.* | Caracas Street 43-45 Local 09, Badalone, Barcelona, Spain, 08918 | Ordinary | 100%

Subsidiary undertakings
PixelHouse Holdings Limited The principal activity of PixelHouse Holdings Limited is holding company.
DBPixelHouse Limited* The principal activity of DBPixelHouse Limited* is provision of technology rental, content / software and associated production services for trade shows, events and permanent installations around the world.

Pixelhouse Capital Limited

Notes to the Financial Statements for the Period from 24 March 2025 to 30 April 2025

Gravit8 Software Limited* The principal activity of Gravit8 Software Limited* is the provision of virtual and physical activations for events and permanent installs.
D.B. Systems Limited* The principal activity of D.B. Systems Limited* is dormant.
DBPixelhouse LLC US* The principal activity of DBPixelhouse LLC US* is dormant .
DB Pixelhouse B.V* The principal activity of DB Pixelhouse B.V* is dormant.
Aztec Event Services Limited* The principal activity of Aztec Event Services Limited* is provision of technology rental, content / software and associated production services for trade shows, events and permanent installations around the world.
Aztec Event Technology Limited* The principal activity of Aztec Event Technology Limited* is development of conference software.
Aztec Event Holdings Limited* The principal activity of Aztec Event Holdings Limited* is holding company.
Aztec Event Europe S.L.* The principal activity of Aztec Event Europe S.L.* is provision of technology rental, content / software and associated production services for trade shows, events and permanent installations around the world.

| 5 | Debtors

| 2025 £
Receivables from related parties | 4,899,689

| 6 | Creditors

| 2025 £
Due within one year |
Amounts due to related parties | 4,899,689

| 7 | Share capital

Allotted, called up and fully paid shares

| 30 April 2025
| No. | £
Ordinary Shares of £1 each | 1 | 1

Pixelhouse Capital Limited

Notes to the Financial Statements for the Period from 24 March 2025 to 30 April 2025

| 8 | Financial commitments, guarantees and contingencies

Other financial commitments
At 30 April 2025, a fixed and floating charge is secured over the company's assets in favour of TC Loans Limited as security for term loans in the name of the company's immediate parent company, PixelHouse Holdings Limited. At 30 April 2025, the amount outstanding and maximum exposure to the company is £6,000,000.

| 9 | Related party transactions

The company has taken advantage of the disclosure exemption with respect to transactions with wholly owned members of the Group.

| 10 | Parent and ultimate parent undertaking

The immediate and ultimate parent company is Pixelhouse Group Limited (formerly known as D.B. Systems Holdings Limited), a company registered in England and Wales.
No one individual controls the Group.

| 11 | Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 5 January 2026 was , who signed for and on behalf of Hazlewoods LLP.