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REGISTERED NUMBER: 13085971 (England and Wales)

| Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Kongsberg Precision Cutting Systems UK |

| Limited |

Kongsberg Precision Cutting Systems UK

Limited (Registered number: 13085971)

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 |

Kongsberg Precision Cutting Systems UK

Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | S A Fox

| V Iourtchenko

| REGISTERED OFFICE: | Waterside

| Unit 33, Schooner Court

| 44-48 Wharf Road

| London

| N1 7UX

| REGISTERED NUMBER: | 13085971 (England and Wales)

| AUDITORS: | Try Lunn & Co

| Chartered Accountants

| and Statutory Auditors

| Roland House

| Princes Dock Street

| HULL HU1 2LD

Kongsberg Precision Cutting Systems UK

Limited (Registered number: 13085971)

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 9,575 |  | 47,877 |  |

Tangible assets | 5 | 1,726 |  | 3,366 |  |

11,301 |  | 51,243 |  |

CURRENT ASSETS

Debtors | 6 | 762,694 |  | 782,477 |  |

Cash at bank | 12,225 |  | 9,745 |  |

774,919 |  | 792,222 |  |

CREDITORS

Amounts falling due within one year | 7 | 442,754 |  | 637,328 |  |

NET CURRENT ASSETS | 332,165 |  | 154,894 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 343,466 |  | 206,137 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 10,001 |  | 10,001 |  |

Share premium | 9 | 118,057 |  | 118,057 |  |

Retained earnings | 9 | 215,408 |  | 78,079 |  |

SHAREHOLDERS' FUNDS | 343,466 |  | 206,137 |  |

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2026 and were signed on its behalf by:

V Iourtchenko - Director

Kongsberg Precision Cutting Systems UK

Limited (Registered number: 13085971)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Kongsberg Precision Cutting Systems 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.

| The financial statements are prepared in pound sterling (GBP or £), which is the functional currency of the company.

| The company is dependent on the continued financial support of Kongsberg Precision Cutting Systems Belgium BV. The Directors of Kongsberg Precision Cutting Systems Belgium BV have agreed to provide continued financial support to ensure the company will be able to trade as a going concern for the foreseeable future. The financial statements have therefore been prepared on the going concern basis.

| Critical accounting judgements and key sources of estimation uncertainty

| The directors of the company do not consider there to be any critical accounting judgements or key sources of estimation uncertainty.

| Turnover

| Turnover comprises revenue recognised by the company in respect of management fees charged to the parent company for provision of services. The turnover is based on costs incurred in providing services plus an agreed mark up.

| Revenue in relation to management fees recharged is recognised annually in the same accounting period in which the costs were incurred.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

| 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 | - | 33% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.

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

Kongsberg Precision Cutting Systems UK

Limited (Registered number: 13085971)

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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 15 (2024 - 16 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 191,511 |  |

| AMORTISATION

| At 1 January 2025 | 143,634 |  |

| Charge for year | 38,302 |  |

| At 31 December 2025 | 181,936 |  |

| NET BOOK VALUE

| At 31 December 2025 | 9,575 |  |

| At 31 December 2024 | 47,877 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 5,510 |  |

| DEPRECIATION

| At 1 January 2025 | 2,144 |  |

| Charge for year | 1,640 |  |

| At 31 December 2025 | 3,784 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1,726 |  |

| At 31 December 2024 | 3,366 |  |

Kongsberg Precision Cutting Systems UK

Limited (Registered number: 13085971)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

2025 | 2024 |

£ | £ |

| Amounts owed from parent | 714,321 |  | 722,078 |  |

| Other debtors | 48,373 |  | 60,399 |  |

762,694 |  | 782,477 |  |

| The amount owed from the parent company is unsecured, interest free and repayable on demand.

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

2025 | 2024 |

£ | £ |

| Trade creditors | 29,137 |  | 31,910 |  |

| Amounts owed to group undertakings | 6,011 |  | 403,482 |  |

| Taxation and social security | 86,566 |  | 79,505 |  |

| Other creditors | 321,040 |  | 122,431 |  |

442,754 |  | 637,328 |  |

| The amount owed from the parent company is unsecured, interest is charged at a market rate (Note 5) and is repayable on demand.

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 10,001 | Ordinary | £1 | 10,001 |  | 10,001 |  |

9. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 January 2025 | 78,079 |  | 118,057 |  | 196,136 |  |

| Profit for the year | 137,329 |  | 137,329 |  |

| At 31 December 2025 | 215,408 |  | 118,057 |  | 333,465 |  |

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

| The Report of the Auditors was unqualified.

| Simon Moss FCCA (Senior Statutory Auditor)

| for and on behalf of Try Lunn & Co

Kongsberg Precision Cutting Systems UK

Limited (Registered number: 13085971)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

11. | RELATED PARTY DISCLOSURES

| During the year the Company charged management recharges to Kongsberg Precision Cutting Systems Belgium BV, its immediate parent company, of £2,726,098 (2024: £2,327,299).

| At the balance sheet date an amount was owed to the Company from Kongsberg Precision Cutting Systems Belgium BV totalling £714,321 (2024: £722,078). Interest is charged at a market rate on this loan and interest received totalled £12,439 (2024: £11,490) for the year.

| At the balance sheet date an amount of £5,560 (2024: £1,443) was owed to Kongsberg Precision Cutting Systems Belgium BV in relation to recharged costs.

| At the balance sheet date an amount of £451 (2024: Nil) was owed to Kongsberg Precision Cutting Systems US LLC in relation to recharged costs.

| At the balance sheet date an amount of Nil was owed to the Company from Kongsberg Precision Cutting Systems Belgium BV (2024: £402,309) in relation to loans.Interest is charged at a market rate on these loans and totalled £7,071 (2024: £20,023) during the year.

12. | IMMEDIATE CONTROLLING PARTY

| The parent undertaking of the smallest and largest group for which consolidated group financial statements were drawn up and of which Kongsberg Precision Cutting Systems UK Limited was a member, was Van Gogh Intermediate Holdings SARL, a company incorporated in Luxemburg.

| Kongsberg Precision Cutting Systems Belgium BV is the immediate parent undertaking.

| The Company's ultimate controlling party is Opengate Capital Partners, a company registered in the Caymen Islands.

| Publicly available financial statements for Van Gogh Intermediate Holdings SARL can be obtained from 2A rue Nicolas Bove, 1253 Luxemburg.