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REGISTERED NUMBER: 04217012 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST DECEMBER 2025 |

| FOR |

| MASER COMMUNICATIONS (U.K.) LTD |

MASER COMMUNICATIONS (U.K.) LTD (REGISTERED NUMBER: 04217012)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

MASER COMMUNICATIONS (U.K.) LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2025

| DIRECTORS: | G L Jones

| Mrs C Fowler

| REGISTERED OFFICE: | Venture House

| The Tanneries

| East Street

| Titchfield

| Hampshire

| PO14 4AR

| REGISTERED NUMBER: | 04217012 (England and Wales)

| ACCOUNTANTS: | Compass Accountants Limited

| Chartered Accountants

| Venture House

| The Tanneries

| East Street

| Titchfield

| Hampshire

| PO14 4AR

| BANKERS: | HSBC Bank PLC

| 71 West Street

| Fareham

| Hampshire

| PO16 0AN

MASER COMMUNICATIONS (U.K.) LTD (REGISTERED NUMBER: 04217012)

BALANCE SHEET

31ST DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,709 |  | 2,710 |  |

CURRENT ASSETS

Stocks | 5 | 80,464 |  | 70,055 |  |

Debtors | 6 | 44,634 |  | 44,446 |  |

Cash at bank and in hand | 228,362 |  | 173,265 |  |

353,460 |  | 287,766 |  |

CREDITORS

Amounts falling due within one year | 7 | 236,765 |  | 235,760 |  |

NET CURRENT ASSETS | 116,695 |  | 52,006 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 120,404 |  | 54,716 |  |

PROVISIONS FOR LIABILITIES | 927 |  | 515 |  |

NET ASSETS | 119,477 |  | 54,201 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 2 |  | 2 |  |

Retained earnings | 119,475 |  | 54,199 |  |

SHAREHOLDERS' FUNDS | 119,477 |  | 54,201 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th April 2026 and were signed on its behalf by:

G L Jones - Director

MASER COMMUNICATIONS (U.K.) LTD (REGISTERED NUMBER: 04217012)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. | STATUTORY INFORMATION

| Maser Communications (UK) Limited is a private company limited by share capital and incorporated in England and Wales. The registered office address is Venture House, The Tanneries, East Street, Titchfield, Hampshire, PO14 4AR.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (Section 1a) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The accounting policies as disclosed have been applied consistently throughout the current and preceding year.

| The financial statements are presented in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| Turnover

| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Tangible fixed assets

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

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 33% on cost and 25% on reducing balance

| Computer equipment | - | 33% on cost

| Stocks

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

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

| Financial instruments are recognised 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.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

MASER COMMUNICATIONS (U.K.) LTD (REGISTERED NUMBER: 04217012)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs and other post-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.

| 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 ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating profit.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Short |  | Plant and |  | and |  | Computer |

| leasehold |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1st January 2025 | 1,313 |  | 5,250 |  | 14,642 |  | 11,288 |  | 32,493 |  |

| Additions | - |  | - |  | - |  | 3,281 |  | 3,281 |  |

| Disposals | - |  | - |  | - |  | (7,764 | ) | (7,764 | ) |

| At 31st December 2025 | 1,313 |  | 5,250 |  | 14,642 |  | 6,805 |  | 28,010 |  |

| DEPRECIATION

| At 1st January 2025 | 1,313 |  | 4,799 |  | 12,986 |  | 10,685 |  | 29,783 |  |

| Charge for year | - |  | 90 |  | 812 |  | 1,380 |  | 2,282 |  |

| Eliminated on disposal | - |  | - |  | - |  | (7,764 | ) | (7,764 | ) |

| At 31st December 2025 | 1,313 |  | 4,889 |  | 13,798 |  | 4,301 |  | 24,301 |  |

| NET BOOK VALUE

| At 31st December 2025 | - |  | 361 |  | 844 |  | 2,504 |  | 3,709 |  |

| At 31st December 2024 | - |  | 451 |  | 1,656 |  | 603 |  | 2,710 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 80,464 |  | 70,055 |  |

MASER COMMUNICATIONS (U.K.) LTD (REGISTERED NUMBER: 04217012)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 40,632 |  | 40,671 |  |

| Other debtors | 4,002 |  | 3,775 |  |

44,634 |  | 44,446 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 43,384 |  | 77,573 |  |

| Taxation and social security | 31,976 |  | 9,741 |  |

| Other creditors | 161,405 |  | 148,446 |  |

236,765 |  | 235,760 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |