Company registration number 08515965 (England and Wales)
PMI EUROPE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
PMI EUROPE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
PMI EUROPE LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
434
Current assets
Debtors
4
518,689
698,536
Cash at bank and in hand
2,114,641
1,531,491
2,633,330
2,230,027
Creditors: amounts falling due within one year
5
(715,956)
(660,513)
Net current assets
1,917,374
1,569,514
Total assets less current liabilities
1,917,374
1,569,948
Provisions for liabilities
-
0
(109)
Net assets
1,917,374
1,569,839
Capital and reserves
Called up share capital
6
100
100
Other reserves
2,566,696
2,566,696
Profit and loss reserves
(649,422)
(996,957)
Total equity
1,917,374
1,569,839

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS102 section 1A - small entities.

The financial statements were approved by the board of directors and authorised for issue on 14 April 2026 and are signed on its behalf by:
D Conrad
Director
Company Registration No. 08515965
The notes on pages 2 to 6 form part of these financial statements.
PMI EUROPE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

PMI Europe Limited is a private company limited by shares and incorporated and domiciled in England. The registered office is 82 St John Street, London, EC1M 4JN.

Principal activity

The principal activity of the company is that of providing marketing assistance and brand management activities in the UK on behalf of its parent company.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The Company's activities and its finances ultimately derive from its parent company, PMI Inc (PMI). The Company has received a letter of support from PMI confirming it will continue to provide the Company with finance as required to meet its obligations for the period of at least 12 months from the date of approval of these financial statements.

On the basis of their assessment of the Company's financial position and after confirmations received from the Directors of PMI, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

1.3
Turnover

The company is contracted by its parent company to provide marketing assistance in the UK. The turnover represents revenue under the terms of service agreement which is on a cost plus basis.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% straight line

The gain or 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.

1.5
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

PMI EUROPE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ 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 price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing 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 according 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 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

PMI EUROPE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.8
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.

1.9
Retirement benefits

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

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. 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 the period are included in profit or loss.

1.12

Critical accounting judgments, estimates and assumptions

The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts in the financial statements. Management continually evaluates its judgements and estimates in relation to assets, liabilities, contingent liabilities and expenses. Management basis its judgements, estimates and assumptions on historical experience and on other various factors, including expectations of future events, management believes to be reasonable under the circumstances.

2
Employees

The average number of employee s employed by the company during the year was:

2025
2024
Number
Number
Total
34
36
PMI EUROPE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
3
Tangible fixed assets
Plant and machinery
£
Cost
At 1 January 2025 and 31 December 2025
9,223
Depreciation
At 1 January 2025
8,789
Depreciation charged in the year
435
At 31 December 2025
9,223
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
434
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
432,474
608,593
Other debtors
86,215
89,943
518,689
698,536

Amounts owed by group undertakings are interest free, unsecured and repayable on demand.

5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
16,201
17,984
Corporation tax
132,946
140,654
Other taxation and social security
104,887
-
0
Other creditors
461,922
501,875
715,956
660,513
6
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
PMI EUROPE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report was unqualified.

Senior Statutory Auditor:
Stuart Leat
Statutory Auditor:
PKF Littlejohn LLP
Date:
14 April 2026
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
9,224
8,904
9,224
8,904
9
Related party transactions

Project Management Institute, Inc.

During the year, the company made recharges totalling £5,038,392 (202 4: £5,386,304) to Project Management Institute, Inc. The amount due from Project Management Institute, Inc. as at 31 December 20 25 was £432,474 (202 4: £608,593).

10
Parent company

Project Management Institute, Inc. (Incorporated in USA) is regarded by the director as being the company's ultimate parent company.

In the opinion of the director there is no ultimate controlling party.

The ultimate parent undertaking and the smallest group to consolidate these financial statements is Project Management Institute, Inc. (PMI). The address of the undertaking's principal p l ace of business is 14 Campus Boulevard, Newto w n Square, PA 19073-3299, USA.

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