REGISTERED NUMBER: 10322499 (England and Wales)

TAB UK HOLDINGS LIMITED

PREVIOUSLY KNOWN AS

PEGASUS BATTERY GROUP LIMITED

REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2024 TO 31 DECEMBER 2025

Page

Company Information

1

Report of the Directors

2

to

3

Report of the Independent Auditors

4

to

7

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

to

15

DIRECTORS:

B Auprih

R Burja

D Cigler

T P Coyne

T Krajsek

A G Riddle

D J Wallace

REGISTERED OFFICE:

Unit B1 Wellington Way

Airfield Business Park

Market Harborough

Leicestershire

LE16 7WB

REGISTERED NUMBER:

10322499 (England and Wales)

AUDITORS:

Phipps Henson McAllister

Chartered Accountants

and Statutory Auditors

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

The directors present their report with the financial statements of the company for the period 1 August 2024 to 31 December 2025.

CHANGE OF NAME

The company passed a special resolution on 18 March 2025 changing its name from Pegasus Battery Group Limited to Tab Uk Holdings Limited.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of

DIRECTORS

The directors shown below have held office during the whole of the period from 1 August 2024 to the date of this report.

T P Coyne

A G Riddle

D J Wallace

Other changes in directors holding office are as follows:

B Auprih - appointed 11 March 2025

R Burja - appointed 11 March 2025

D Cigler - appointed 11 March 2025

T Krajsek - appointed 11 March 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Phipps Henson McAllister, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

D J Wallace - Director

30 March 2026

Opinion

We have audited the financial statements of Tab Uk Holdings Limited (the 'company') for the period ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 'Reduced Disclosure Framework' (United Kingdom Generally Accepted Accounting Practice).

Other Matter

The company was entitled to claim exemption from audit for the year ended 31 July 2024. Therefore the financial statement for the year ended 31 July 2024, were unaudited.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

-We obtained an understanding of the legal and regulatory framework applicable to the company and the sector in which they operate. We determined that the following laws and regulations were most significant: the Companies Act 2006, UK Generally Accepted Accounting Practice, UK corporate taxation laws.

- We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and by observing the oversight of management, the culture of honesty and ethical behaviour and whether strong emphasis is placed on fraud prevention, which may reduce the opportunities for fraud to take place, and fraud deterrence, which could persuade individuals not to commit fraud in the first instance. We corroborated our inquiries through our review of all relevant available audit information.

- We assessed and understood the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. The audit procedures performed by the engagement team included:

> Identifying and assessing the design and effectiveness of controls management has in place to prevent and detect fraud;

>Understanding of how senior management considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

>Challenging assumptions and judgements made by management in its significant accounting estimates: Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; and.

> Assessing the extent of compliance with relevant laws and regulations.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Greenhalgh BFP FCA (Senior Statutory Auditor)

for and on behalf of Phipps Henson McAllister

Chartered Accountants

and Statutory Auditors

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

30 March 2026

TURNOVER

-

700,001

OPERATING PROFIT

-

700,001

Income from shares in group undertakings

46,053

-

46,053

700,001

Interest payable and similar expenses

4

-

318

PROFIT BEFORE TAXATION

5

46,053

699,683

Tax on profit

6

-

-

PROFIT FOR THE FINANCIAL PERIOD

46,053

699,683

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

46,053

699,683

FIXED ASSETS

Investments

8

380,100

380,100

CURRENT ASSETS

Debtors

9

148,976

685,785

CREDITORS

Amounts falling due within one year

10

-

36,450

NET CURRENT ASSETS

148,976

649,335

TOTAL ASSETS LESS CURRENT LIABILITIES

529,076

1,029,435

CAPITAL AND RESERVES

Called up share capital

11

150

150

Share premium

24,950

24,950

Retained earnings

12

503,976

1,004,335

SHAREHOLDERS' FUNDS

529,076

1,029,435

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2026 and were signed on its behalf by:

D J Wallace - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 August 2023

-

409,652

24,950

434,602

Changes in equity

Issue of share capital

150

-

-

150

Dividends

-

(105,000

)

-

(105,000

)

Total comprehensive income

-

699,683

-

699,683

Balance at 31 July 2024

150

1,004,335

24,950

1,029,435

Changes in equity

Dividends

-

(546,412

)

-

(546,412

)

Total comprehensive income

-

46,053

-

46,053

Balance at 31 December 2025

150

503,976

24,950

529,076

1.	STATUTORY INFORMATION

Tab Uk Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements for the period ended 31 December 2025 are the first the company has prepared in accordance with these financial reporting standards. Previously the company prepared its financial statement under FRS102.

The company extended is financial reporting period to 31 December from 31 July to bring the company in line with the group reporting date. Therefore the comparative figures are not directly comparable.

The principal accounting policies adopted in the preparation of the financial statements are set out below. The polices have been consistently applied to all the years presented, unless otherwise stated.

Preparation of consolidated financial statements

The financial statements contain information about TAB UK Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

•

the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment;

•

the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii), B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations;

•

the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and Discontinued Operations;

•

the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources;

•

the requirements of IFRS 7 Financial Instruments: Disclosures;

•

the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;

•

the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases;

the requirements of paragraph 58 of IFRS 16;

•

the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers;

•

the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative information in respect of:

-

paragraphs 53(a), (h) and (j) of IFRS 16;

-

paragraph 79(a)(iv) of IAS 1;

-

paragraph 73(e) of IAS 16 Property, Plant and Equipment;

-

paragraph 118(e) of IAS 38 Intangible Assets;

-

paragraphs 76 and 79(d) of IAS 40 Investment Property; and

-

paragraph 50 of IAS 41 Agriculture;

•

the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to 136 of IAS 1;

•

the requirements of

-

paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

-

paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

•

the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors;

•

the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;

•

the requirements of paragraph 74(b) of IAS 16;

•

the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

Taxation

Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the balance sheet date.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

There were no staff costs for the period ended 31 December 2025 nor for the year ended 31 July 2024.

The average number of employees during the period was as follows:

PERIOD

1/8/24

TO

YEAR ENDED

31/12/25

31/7/24

Directors

3

3

PERIOD

1/8/24

TO

YEAR ENDED

31/12/25

31/7/24

£

£

Directors' remuneration

-

-

4.

INTEREST PAYABLE AND SIMILAR EXPENSES

PERIOD

1/8/24

TO

YEAR ENDED

31/12/25

31/7/24

£

£

HMRC Interest

-

318

5.	PROFIT BEFORE TAXATION

The profit before taxation is stated after charging:

PERIOD

1/8/24

TO

YEAR ENDED

31/12/25

31/7/24

£

£

6.

TAXATION

Analysis of tax expense

No liability to UK corporation tax arose for the period ended 31 December 2025 nor for the year ended 31 July 2024.

7.

DIVIDENDS

PERIOD

1/8/24

TO

YEAR ENDED

31/12/25

31/7/24

£

£

Ordinary A £0.50 shares of 50p each

Interim

546,412

105,000

8.	INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2024

and 31 December 2025

380,100

NET BOOK VALUE

At 31 December 2025

380,100

At 31 July 2024

380,100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

TAB Battery UK Limited

Registered office: Pegasus House, Riverside End, Market Harborough, Leicestershire, United Kingdom, LE16 7PU

Nature of business: Installation of industrial machinery

%

Class of shares:

holding

Ordinary

100.00

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

-

95,397

Other debtors

148,976

590,388

148,976

685,785

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

-

36,450

11.	CALLED UP SHARE CAPITAL

On 11 March 2025, the company's ordinary shares of 300 for £0.50 each divide into 153 ordinary A shares of £0.50 each and 147 ordinary B shares of £0.50 each.

12.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 August 2024

1,004,335

24,950

1,029,285

Profit for the period

46,053

46,053

Dividends

(546,412

)

(546,412

)

At 31 December 2025

503,976

24,950

528,926

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the total amount due to the company from the directors was £Nil.

(2024: £441,412). Interest has not been charged and there were no repayment terms in place.

14.	RELATED PARTY DISCLOSURES

Dividends of £46,053 (2024:£700,000) were issued from a subsidiary.

Dividends of £546,412 (2024: £Nil) were issued to the parent company.

Dividends of £Nil (2024: £105,000) were issued to the directors.

15.	ULTIMATE CONTROLLING PARTY

The Company is a subsidiary of Tab Tovarna Akumulatorskih Baterij D.D, a company incorporated in Slovenia.

The controlling party is Tab Tovarna Akumulatorskih Baterij D.D