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REGISTERED NUMBER: 05959476 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Power Cable Services Limited

| Power Cable Services Limited (Registered number: 05959476) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Power Cable Services Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | G P Oakley

| K J Mcfadden

| Dr K Kurfiss

| SECRETARY: | G P Oakley

| REGISTERED OFFICE: | Unit 7 Jackson Park

| Kingsnorth Industrial Estate

| Hoo

| Rochester

| ME3 9GA

| REGISTERED NUMBER: | 05959476 (England and Wales)

| AUDITORS: | KJA Kilner Johnson Ltd (Statutory Auditors)

| Woodland House

| Woodland Park

| Bradford Road

| Cleckheaton

| BD19 6BW

| Power Cable Services Limited (Registered number: 05959476) |

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 103,855 |  | 93,265 |  |

CURRENT ASSETS

Stocks | 208,018 |  | 97,388 |  |

Debtors | 5 | 2,615,713 |  | 1,069,051 |  |

Cash at bank and in hand | 528,058 |  | 213,472 |  |

3,351,789 |  | 1,379,911 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,409,300 |  | 44,071 |  |

NET CURRENT ASSETS | 1,942,489 |  | 1,335,840 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,046,344 |  | 1,429,105 |  |

PROVISIONS FOR LIABILITIES | 25,655 |  | - |  |

NET ASSETS | 2,020,689 |  | 1,429,105 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 1 |  | 1 |  |

Retained earnings | 2,020,688 |  | 1,429,104 |  |

SHAREHOLDERS' FUNDS | 2,020,689 |  | 1,429,105 |  |

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 4 February 2026 and were signed on its behalf by:

K J Mcfadden - Director

| Power Cable Services Limited (Registered number: 05959476) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Power Cable Services 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.

| Turnover

| Turnover represents income earned from the Company's principal activities of the design and supply of subsea cable jointing products and services and is recognised in accordance with applicable accounting standards.

| Revenue from the design and supply of subsea cable jointing products and services is recognised at the point in time when control of goods or services is transferred to the customer, which generally occurs upon dispatch or delivery of goods in accordance with the terms of the contract.

| Turnover is measured at the fair value of consideration receivable and is presented net of VAT and other indirect taxes, trade discounts, rebates, sales returns, and price concessions.

| 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 etc | - | 50% straight line and 25% reducing balance

| Stocks

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

| In line with Group accounting policy, the Component Inventory proportion of Stock is subject to a 10% write down per annum.

| Long term work in progress is valued at cost, plus an element of profit to reflect the degree of completion of the project at year end.

| 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.

| Power Cable Services Limited (Registered number: 05959476) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

| Research & development grant income

| Grant income is accounted for on a performance basis in accordance with Section 24 of FRS 102, and is recorded in turnover rather than other operating income.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 10 (2024 - 14 ) .

4. | TANGIBLE FIXED ASSETS

| Computer |  | Motor |  | Fixtures |

| equipment |  | Tools |  | vehicles |  | & fittings |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2025 | - |  | 210,011 |  | 21,600 |  | 53,787 |  | 285,398 |  |

| Additions | 13,803 |  | 16,180 |  | - |  | 6,745 |  | 36,728 |  |

| At 31 December 2025 | 13,803 |  | 226,191 |  | 21,600 |  | 60,532 |  | 322,126 |  |

| DEPRECIATION

| At 1 January 2025 | - |  | 128,251 |  | 21,087 |  | 42,795 |  | 192,133 |  |

| Charge for year | 575 |  | 22,125 |  | 128 |  | 3,310 |  | 26,138 |  |

| At 31 December 2025 | 575 |  | 150,376 |  | 21,215 |  | 46,105 |  | 218,271 |  |

| NET BOOK VALUE

| At 31 December 2025 | 13,228 |  | 75,815 |  | 385 |  | 14,427 |  | 103,855 |  |

| At 31 December 2024 | - |  | 81,760 |  | 513 |  | 10,992 |  | 93,265 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 884,198 |  | 136,715 |  |

| Amounts owed by group undertakings | 1,514,159 |  | 841,878 |  |

| Other debtors | 217,356 |  | 90,458 |  |

2,615,713 |  | 1,069,051 |  |

| Power Cable Services Limited (Registered number: 05959476) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

2025 | 2024 |

£ | £ |

| Trade creditors | 341,335 |  | 9,018 |  |

| Amounts owed to group undertakings | 498,293 |  | - |  |

| Taxation and social security | 336,673 |  | 24,909 |  |

| Other creditors | 232,999 |  | 10,144 |  |

1,409,300 |  | 44,071 |  |

7. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 91,898 |  | 91,898 |  |

| Between one and five years | 7,658 |  | 99,556 |  |

99,556 |  | 191,454 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

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

| The Report of the Auditors was unqualified.

| Samantha Hutton (Senior Statutory Auditor)

| for and on behalf of KJA Kilner Johnson Ltd (Statutory Auditors)

10. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Pfisterer Holding (SE), a public company incorporated in Germany.