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Registered number: 12377540
PCB Connect Ltd
Financial Statements
For The Year Ended 31 December 2025
PCB Connect Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1
Notes to the Financial Statements | 2—4

Page 1
PCB Connect Ltd
Statement of Financial Position
As At 31 December 2025
Statement of Financial Position
Registered number: 12377540

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 2,806 |  | 4,282
|  |  | 2,806 |  | 4,282
CURRENT ASSETS
Stocks | 5 | 51 |  | 55 |
Debtors | 6 | 83,930 |  | 41,896 |
Cash at bank and in hand |  | 10,505 |  | 19,833 |
|  | 94,486 |  | 61,784 |
Creditors: Amounts Falling Due Within One Year | 7 | (1,137,265 ) |  | (981,798 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (1,042,779 ) |  | (920,014 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (1,039,973 ) |  | (915,732 )
NET LIABILITIES |  |  | (1,039,973 ) |  | (915,732 )
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1 |  | 1
Income Statement |  |  | (1,039,974 ) |  | (915,733 )
SHAREHOLDERS' FUNDS |  |  | (1,039,973) |  | (915,732)

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Mr J Pettersson Director
30/03/2026

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
PCB Connect Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
PCB Connect Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12377540 . The registered office is 33 Duke Street, Trowbridge, BA14 8EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company requires the continued support of its parent company, PCB Connect Holding AB, which it currently has and it is anticipated that the existing arrangements will be reviewed annually. It is as a result of this support that the accounts have been prepared on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 20% straight line

2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
Page 2
Page 3
PCB Connect Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.9. Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
2.10. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
2.11. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 4)
2 4
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 January 2025 | 11,620
As at 31 December 2025 | 11,620
Depreciation
As at 1 January 2025 | 7,338
Provided during the period | 1,476
As at 31 December 2025 | 8,814
Net Book Value
As at 31 December 2025 | 2,806
As at 1 January 2025 | 4,282

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Materials | 51 |  | 55

Page 3
Page 4
PCB Connect Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 65,757 |  | 15,158
Prepayments and accrued income | 799 |  | 2,528
Other debtors | 14,780 |  | 22,305
VAT | 2,594 |  | 1,905
| 83,930 |  | 41,896

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 33,771 |  | 88,273
Other taxes and social security | 2,209 |  | 7,438
Accruals and deferred income | 1,730 |  | 1,573
Amounts owed to group undertakings | 1,099,555 |  | 884,514
| 1,137,265 |  | 981,798

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

9. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, not to disclose related party transactions with wholly owned subsidiaries within the group.
10. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
11. Ultimate Controlling Party
The company's ultimate controlling party is PCB Connct Holding AB by virtue of his ownership of 100% of the issued share capital in the company.
12. Audit Information
The auditor's report on the accounts of PCB Connect Ltd for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Nicolas Michael FCA (Senior Statutory Auditor) for and on behalf of Charlton Baker Limited , Statutory Auditor.

Charlton Baker Limited 7-7c Snuff Street Devizes Wiltshire SN10 1DU

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