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REGISTERED NUMBER: 00871660 (England and Wales)

MOBA (UK) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

MOBA (UK) LIMITED (REGISTERED NUMBER: 00871660)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

MOBA (UK) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 NOVEMBER 2025

| DIRECTORS: | Mr E G Bolwerk

| Mr A C F Janssen

| SECRETARY: | Mr S M Patrick

| REGISTERED OFFICE: | Red Lees

| Ketley

| Telford

| Shropshire

| TF1 5YA

| REGISTERED NUMBER: | 00871660 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Mr Neil Smith

| AUDITORS: | Folkes Worton LLP

| Chartered Accountants and Statutory Auditor

| 15-17 Church Street

| Stourbridge

| West Midlands

| DY8 1LU

MOBA (UK) LIMITED (REGISTERED NUMBER: 00871660)

BALANCE SHEET

30 NOVEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 204,616 |  | 217,491 |  |

CURRENT ASSETS

Stocks | 861,756 |  | 800,836 |  |

Debtors | 5 | 557,654 |  | 1,182,892 |  |

Cash at bank and in hand | 286,542 |  | 208,648 |  |

1,705,952 |  | 2,192,376 |  |

CREDITORS

Amounts falling due within one year | 6 | 864,984 |  | 504,822 |  |

NET CURRENT ASSETS | 840,968 |  | 1,687,554 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,045,584 |  | 1,905,045 |  |

PROVISIONS FOR LIABILITIES | 8 | 15,034 |  | 18,327 |  |

NET ASSETS | 1,030,550 |  | 1,886,718 |  |

CAPITAL AND RESERVES

Called up share capital | 10,000 |  | 10,000 |  |

Retained earnings | 1,020,550 |  | 1,876,718 |  |

SHAREHOLDERS' FUNDS | 1,030,550 |  | 1,886,718 |  |

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2026 and were signed on its behalf by:

Mr A C F Janssen - Director

MOBA (UK) LIMITED (REGISTERED NUMBER: 00871660)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1. | STATUTORY INFORMATION

| MOBA (UK) 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements,

| estimates and assumptions about the carrying amount 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 where the revision affects only that

| period, or in the period of the revision and future periods where the revision affects both current and future

| periods.

| Critical judgements

| The following judgements (apart from those involving estimates) have had the most significant effect on

| amounts recognised in the financial statements.

| Stock provision

| A provision is made by management to reflect obsolete and slow moving stock. This estimate is made with

| reference to the ageing profile of stock and knowledge of the industry.

| Bad debt provision

| A provision is made by management to reflect balances within trade debtors that they have reasonable doubt upon the recoverability of the balance. The estimate is made with reference to the aged profile of the debt and management's knowledge of the customer.

| Turnover

| Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

| When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Revenue from contracts for the provision of machinery servicing and commissioning is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

MOBA (UK) LIMITED (REGISTERED NUMBER: 00871660)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | Straight line over 30 years

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 15% to 33% on cost

| The gain and 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 fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible assets to

| determine whether there is any indication that those assets have suffered an impairment loss. If any such

| indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the

| impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset,

| the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying

| amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

MOBA (UK) LIMITED (REGISTERED NUMBER: 00871660)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified accordingly 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.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MOBA (UK) LIMITED (REGISTERED NUMBER: 00871660)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Foreign exchange

| Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transaction. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in he period are included in profit or loss.

| Retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

| 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 the borrowings in current liabilities.

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

| The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 24 (2024 - 22 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |

| property |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ |

| COST

| At 1 December 2024 | 403,165 |  | 6,392 |  | 100,889 |  | 510,446 |  |

| Additions | 11,444 |  | - |  | 5,482 |  | 16,926 |  |

| At 30 November 2025 | 414,609 |  | 6,392 |  | 106,371 |  | 527,372 |  |

| DEPRECIATION

| At 1 December 2024 | 211,999 |  | 5,812 |  | 75,144 |  | 292,955 |  |

| Charge for year | 16,702 |  | 403 |  | 12,696 |  | 29,801 |  |

| At 30 November 2025 | 228,701 |  | 6,215 |  | 87,840 |  | 322,756 |  |

| NET BOOK VALUE

| At 30 November 2025 | 185,908 |  | 177 |  | 18,531 |  | 204,616 |  |

| At 30 November 2024 | 191,166 |  | 580 |  | 25,745 |  | 217,491 |  |

MOBA (UK) LIMITED (REGISTERED NUMBER: 00871660)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 519,870 |  | 455,917 |  |

| Amounts owed by group undertakings | - |  | 679,496 |  |

| Other debtors | 37,784 |  | 47,479 |  |

557,654 |  | 1,182,892 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 83,990 |  | 66,697 |  |

| Amounts owed to group undertakings | 375,636 |  | - |  |

| Tax | 18,267 |  | 50,952 |  |

| Social security and other taxes | 193,433 |  | 182,286 |  |

| Other creditors | 193,658 |  | 204,887 |  |

864,984 |  | 504,822 |  |

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 75,773 |  | 67,448 |  |

| Between one and five years | 119,412 |  | 125,063 |  |

195,185 |  | 192,511 |  |

8. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 15,034 |  | 18,327 |  |

| Deferred |

| tax |

£ |

| Balance at 1 December 2024 | 18,327 |  |

| Utilised during year | (3,293 | ) |

| Balance at 30 November 2025 | 15,034 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Mr Neil Smith (Senior Statutory Auditor)

| for and on behalf of Folkes Worton LLP

MOBA (UK) LIMITED (REGISTERED NUMBER: 00871660)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

10. | RELATED PARTY TRANSACTIONS

| Remuneration of key management personnel

| The remuneration of key management personnel is as follows.

|  | 2025 |  |  | 2024 |  |

| £ |  |  | £ |  |

| Aggregate compensation |  | 460,508 |  |  | 431,385 |  |

| Transactions with related parties

| During the year the company entered into the following transactions with related parties:

|  | Sales |  |  | Sales |  |  | Purchase s |  |  | Purchase s |

|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |

| £ |  |  | £ |  |  | £ |  |  | £ |  |

| MOBA B.V |  | 1,216,467 |  |  | 2,959,966 |  |  | 1,503,587 |  |  | 2,642,454 |

| Pelbo SPA |  | 21,161 |  |  | - |  |  | 1,666 |  |  | 17,703 |

| Moba Americas |  | - |  |  | 1,346 |  |  | - |  |  | - |

| Moba France SAS |  | 2,281 |  |  | - |  |  | - |  |  | - |

| Moba Japan Co Ltd |  | 1,228 |  |  | - |  |  | - |  |  | - |

| Moba Asia Sdn Bhd |  | - |  |  | - |  |  | 25,972 |  |  | 2,484 |

| Amounts due to(from) related parties

| The following amounts were outstanding at the reporting end date:

|  | 2025 |  |  | 2024 |  |

| £ |  |  | £ |  |

| MOBA B.V |  | 376,864 |  |  | (682,333 | ) |

| Pelbo SPA |  | - |  |  | 361 |  |

| Moba Asia Sdn Bhd |  | - |  |  | 2,477 |  |

| Moba JP |  | (1,228 | ) |  | - |  |

11. | ULTIMATE CONTROLLING PARTY

| Favorita Investment Limited, a company incorporated in Malta, is the parent company of the largest group to consolidate the accounts of the company. The directors consider this to be the ultimate parent company and the ultimate controlling party.