REGISTERED NUMBER: 05823830 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Esco Gb Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L Y Foong

L Y Lim

X Q Lin

REGISTERED OFFICE:

Unit 2 Kestrel Way

Barnsley

South Yorkshire

S70 5SZ

REGISTERED NUMBER:

05823830 (England and Wales)

SENIOR STATUTORY AUDITOR:

Jeffrey Bor Bsc FCA

AUDITORS:

SCB (Accountants) Limited

31 Sackville street

Manchester

M1 3LZ

Fixed assets

Intangible assets

4

2,775

7,194

Tangible assets

5

161,220

380,293

163,995

387,487

Current assets

Stocks

6

751,434

1,608,968

Debtors

7

1,121,431

1,050,366

Cash at bank

1,759,577

555,871

3,632,442

3,215,205

Creditors

Amounts falling due within one year

8

(4,390,554

)

(5,560,546

)

Net current liabilities

(758,112

)

(2,345,341

)

Total assets less current liabilities

(594,117

)

(1,957,854

)

Creditors

Amounts falling due after more than one year

9

(16,686

)

(50,280

)

Provisions for liabilities

11

-

(173,465

)

Net liabilities

(610,803

)

(2,181,599

)

Capital and reserves

Called up share capital

12

2,108,535

1,000

Retained earnings

(2,719,338

)

(2,182,599

)

Shareholders' funds

(610,803

)

(2,181,599

)

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 21 April 2026 and were signed on its behalf by:

L Y Foong - Director

1.	STATUTORY INFORMATION

Esco GB Limited (the "Company") is a private company limited by shares and incorporated in England andWales. Its registered office and trading address is Unit 2 Kestrel Way, Barnsley, South Yorkshire, S70 5SZ.

2.	ACCOUNTING POLICIES

2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention, unless otherwise specified within these accounting policies, and in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and the Republic of Ireland” and the requirements of the Companies Act 2006. 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 Company’s functional and presentation currency is GBP.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company’s accounting policies (see below 2.21).

The following principal accounting policies have been applied:

2.2 GOING CONCERN

The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for at least 12 months from the date of approval of these financial statements.

In assessing the Company’s ability to continue as a going concern, the directors have considered the Company’s current financial position, including cash resources, working capital, and access to funding facilities.

The projected future cash flows, taking into account the expected sales pipeline and operational plans.The key business risks and uncertainties, and the measures in place to mitigate them.

The immediate parent undertaking, Esco Technologies (Asia) Pte Ltd, has confirmed in writing its continuing support for the Company. This support is sufficient to enable the Company to meet its obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements. This is considered appropriate as the immediate parent company has a net wealth far in excess of the liabilities of the group as per the review of the financial statements and paying attention to the prospective cash position in a variety of scenarios.

Based on the above considerations, the directors are satisfied that the Company has adequate financial resources and is well-positioned to manage its business risks. Accordingly, they believe that it is appropriate to prepare the financial statements on a going concern basis.

2.3 REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax, and other sales taxes. Revenue is recognised only when all of the following criteria are met.

Sale of Goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

. the Company has transferred the significant risks and rewards of ownership to the buyer.

. the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold.

. the amount of revenue can be measured reliably. It is probable that the Company will receive the consideration due under the transaction.

. the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of Services

Revenue from a contract to provide services is recognised in the period in which the services are provided, in accordance with the stage of completion of the contract, when all of the following conditions are satisfied:

. the amount of revenue can be measured reliably.. It is probable that the Company will receive the consideration due under the contract.

. the stage of completion of the contract at the end of the reporting period can be measured reliably;and

. the costs incurred and the costs to complete the contract can be measured reliably.

The majority of the Company’s service contracts are fixed-price arrangements. Revenue from these contracts is recognised based on the proportion of deliverable provided to the client at the reporting date, which reflects the stage of completion of each project. The stage of completion is determined by comparing actual costs incurred to date with the estimated total costs to complete the project. Where a project is forecast to overrun, an appropriate adjustment is made to the revenue recognised.

Estimates of revenue and the extent of progress towards completion are reviewed and revised if circumstances change, with any resulting adjustments recognised in the period in which the revisions are made.

Customers pay for the value of services provided in accordance with an agreed invoicing and payment schedule. Consideration is payable when invoiced, based on the contractual payment terms.

Amounts recoverable on contracts, included within debtors, represent the net sales value of work performed to date, less amounts received as progress payments. Where progress payments exceed the value of work completed, the excess is presented within creditors as payments received on account.

Cost of Sales

Cost of sales represents the cost of inventories sold during the year, calculated using the FIFO method.

When inventories are sold, the carrying amount of those inventories is recognised as an expense in the period in which the related revenue is recognised.

The company uses an integrated accounting system that automatically allocates cost based on the FIFO cost layers and reduces inventories at the point of sale.

2.4 OTHER OPERATING INCOME

Other operating income comprises income that is incidental to the Company’s main activities and includes reimbursement of costs from group companies and sundry income from activities not forming part of the Company’s principal operations.

2.5 FOREIGN CURRENCY TRANSLATION

Transactions and Balances

Foreign currency transactions are translated at the spot exchange rate at the date of the transaction.

At each reporting date, foreign currency monetary items are translated at the closing rate.

Non-monetary items measured at historical cost are translated using the exchange rate at the transaction date.Non-monetary items measured at fair value are translated using the exchange rate at the date when fair value was determined.

2.6 OPERATING LEASES: THE COMPANY AS LESSEE

Payments made under operating leases are recognised as an expense in profit or loss on a straight-line basis over the lease term, unless another systematic basis better reflects the pattern of benefits received.

2.7 LEASED ASSETS: THE COMPANY AS LESSEE

Assets acquired under hire purchase contracts or finance leases are capitalised as tangible fixed assets.

Finance Leases: Finance leases are those where substantially all of the risks and rewards of ownership are transferred to the Company. Assets under finance leases are depreciated over the shorter of the lease term and their estimated useful lives. The related lease obligations are recorded as liabilities, net of finance charges allocated to future periods. The finance element of lease payments is charged to profit or loss over the lease term using the effective interest method, producing a constant periodic rate on the net outstanding obligation.

Hire Purchase Contracts: Assets acquired under hire purchase agreements are depreciated over their estimated useful lives. Obligations under these agreements are included within creditors, and the finance component of payments is recognised in profit or loss using the effective interest method.

2.8 INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method, which allocates interest over the relevant period to produce a constant periodic return on the carrying amount of the financial asset.

2.9 FINANCE COST

Finance costs are recognised in profit or loss over the term of the debt using the effective interest method, so that the amount charged is at a constant rate on the carrying amount. Directly attributable issue costs are initially recognised as a reduction in the proceeds of the associated financial liability and amortised over its term using the effective interest method.

2.10 PENSION

Defined Contribution Pension Plan

The Company operates a defined contribution pension plan for its employees. Under this plan, the Company pays fixed contributions to a separate, independently administered fund. Once the contributions have been paid, the Company has no further payment obligations.

Contributions are recognised as an expense in profit or loss when they fall due. Any amounts not yet paid are included within other creditors in the balance sheet. The assets of the pension plan are held separately from the Company.

2.11 TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.12 INTANGIBLE ASSET

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The useful life of computer software has been assessed as one to four years.

2.13 TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Expenditure on tangible fixed assets is capitalised where it is probable that the asset will generate future economic benefits for the entity and the cost can be measured reliably. Items below £1,600 are written off to profit or loss as incurred.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Long-term leasehold property – Over the term of the lease

Plant and machinery – 4 years

Motor vehicles – 5 years

Fixtures and fittings – 5 years

Office equipment – 2–5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.14 STOCK

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is determined on the weighted average basis and, in the case of work in progress and finished goods, comprises direct materials, direct labour and an appropriate proportion of overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.15 DEBTORS

Trade and other short-term debtors are initially recognised at the transaction price. They are subsequently measured at amortised cost less any provision for impairment, with any impairment losses recognised in profit or loss.

A provision for impairment is made when there is objective evidence that the Company will not be able to recover the amounts due in accordance with the original terms of the transaction.

2.16 CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.17 CREDITORS

Trade and other short-term creditors are initially recognised at the transaction price. They are subsequently measured at amortised cost, and any difference between the initial recognition and the settlement amount is recognised in profit or loss over the term of the liability.

2.18 PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable, and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.19 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 a 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 trade and other debtors, cash, and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets subsequently measured at fair value through profit or loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company’s cash and cash equivalents, trade, and most other debtors due within the operating cycle fall into this category of financial instruments.

Basic 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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, and other loans, are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities subsequently measured at fair value through profit or loss).

When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they are classified as non-current liabilities.Trade creditors are initially recognised at their transaction price and are subsequently measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of Financial Assets

Financial assets are derecognised when their contractual right to future cash flows expires, is settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer, the Company continues to recognise the portion of the asset corresponding to the retained risks and rewards.

Derecognition of Financial Liabilities

Financial liabilities are derecognised when the Company’s contractual obligations expire, are discharged, or are cancelled.

2.20 SHARE CAPITAL

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2.21 JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Preparation of the financial statements requires management to make significant judgements, estimates, and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period of the revision and future periods if the revision affects both current and future periods.

Revenue Recognition on Long-Term Contracts

Revenue recognition on projects is based on the estimated stage of completion at the reporting date. Management exercises judgement in determining the stage of completion by comparing costs incurred to date with the total budgeted cost to complete each project. These budgeted costs are established prior to the commencement of the project and are reviewed regularly throughout its duration. The accuracy of revenue recognised is dependent on the reliability of these cost estimates and the assessment of project progress.

Provision for Loss-Making Contracts

Management exercises judgement in assessing whether any active contracts at the year end are expected to be loss-making over their full duration. This involves reviewing detailed project tracking data, including actual costs incurred to date, forecasted costs to complete, and expected revenues. Where a contract is expected to result in an overall loss, a provision is recognised in accordance with FRS 102 Section 21 Provisions and Contingencies. The estimation of the provision requires management to make assumptions about future project performance, cost overruns, and recoverability of amounts recoverable on long-term contracts. These estimates are inherently uncertain and subject to change as projects progress. Any revisions to the estimated losses are recognised in the period in which the estimates are updated.

Provision for Bad and Doubtful Debts

Management judgement is applied in assessing the provision for bad and doubtful debts. This assessment is based on a detailed review of the expected collectability of trade debtors, taking into account factors such as the age of the debt, historical payment patterns, current financial conditions of customers, and any specific risks identified. The provision reflects management’s best estimate of recoverable debts at the reporting date.

Provision for Slow-Moving and Obsolete Stock

Management judgement is required in determining the provision for slow-moving and obsolete stock. This assessment is based on group-wide policies which consider historical stock movement patterns, the typical useful life of stock items, and current market conditions. The provision reflects management’s best estimate of the net realisable value of stock at the reporting date.

Useful Economic Life of Tangible Fixed Assets

Management exercises judgement in determining the useful economic lives of tangible fixed assets. These estimates are based on historical experience, expected usage, and anticipated technological developments. The assigned useful lives impact the depreciation charges recognised in the financial statements and are reviewed periodically to ensure they remain appropriate in light of changes in operational circumstances or asset utilisation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

& Software

£

COST

At 1 January 2025

and 31 December 2025

75,900

AMORTISATION

At 1 January 2025

68,706

Amortisation for year

4,419

At 31 December 2025

73,125

NET BOOK VALUE

At 31 December 2025

2,775

At 31 December 2024

7,194

5.	TANGIBLE FIXED ASSETS

Fixtures

Long-term

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2025

184,878

388,437

21,480

Additions

-

-

2,250

Disposals

-

(138,895

)

-

Reclassification/transfer

-

(59,892

)

-

At 31 December 2025

184,878

189,650

23,730

DEPRECIATION

At 1 January 2025

102,229

181,726

21,356

Charge for year

37,047

36,492

624

Eliminated on disposal

-

(34,723

)

-

Reclassification/transfer

-

(22,874

)

-

At 31 December 2025

139,276

160,621

21,980

NET BOOK VALUE

At 31 December 2025

45,602

29,029

1,750

At 31 December 2024

82,649

206,711

124

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

142,338

153,479

890,612

Additions

20,785

-

23,035

Disposals

(29,524

)

-

(168,419

)

Reclassification/transfer

-

59,892

-

At 31 December 2025

133,599

213,371

745,228

DEPRECIATION

At 1 January 2025

65,575

139,433

510,319

Charge for year

25,206

24,789

124,158

Eliminated on disposal

(15,746

)

-

(50,469

)

Reclassification/transfer

-

22,874

-

At 31 December 2025

75,035

187,096

584,008

NET BOOK VALUE

At 31 December 2025

58,564

26,275

161,220

At 31 December 2024

76,763

14,046

380,293

6.

STOCKS

2025

2024

£

£

Raw materials and consumables

63,245

162,597

Goods in transit

41,922

59,435

Finished goods and goods for resale

435,543

332,474

540,710

554,506

Long-term contract work in progress

210,724

1,054,462

751,434

1,608,968

Stocks are stated net of a provision for slow moving and obsolete stock totalling £1,017,952 (2024: £1,109,813).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

761,141

751,298

Amounts owed by group undertakings

156,682

97,698

Amounts recoverable on long term contracts

-

46,935

Other debtors

112,227

80,308

Prepayments and accrued income

91,381

74,127

1,121,431

1,050,366

Trade debtors are stated net of a provision for bad and doubtful debts totalling £26,591 (2024 -

£141,450).

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

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Finance leases (see note 10)

21,024

21,024

Trade creditors

141,497

97,106

Amounts owed to group undertakings

3,159,859

4,113,095

Other taxation and social security

79,318

58,957

Other creditors

31,309

4,684

Payments received on account

320,905

207,535

Accruals and deferred income

636,642

1,058,145

4,390,554

5,560,546

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

Other creditors include contributions of £4,931 (2024 - £4,684) payable to the Company's defined

contribution pension scheme at the balance sheet date.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases (see note 10)

16,686

50,280

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2025

2024

£

£

Net obligations repayable:

Within one year

21,024

21,024

Between one and five years

16,686

50,280

37,710

71,304

Non-cancellable

operating leases

2025

2024

£

£

Within one year

74,719

74,719

Between one and five years

18,680

93,399

93,399

168,118

Obligations under finance lease and hire purchase contracts are secured against the assets concerned.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Other provisions

Provision for onerous contracts

-

173,465

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2,108,535

Ordinary shares

1

2,108,535

1,000

2,107,535 Ordinary shares shares of 1 each were allotted and fully paid for cash at par during the year.

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

The Report of the Auditors was unqualified.

Jeffrey Bor Bsc FCA (Senior Statutory Auditor)

for and on behalf of SCB (Accountants) Limited

14.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under Section 1A of FRS 102 not to disclose related party transactions entered into under normal market conditions.

At the year end, the company had outstanding balances with group undertakings. Amounts due from group undertakings totalled £156,682 (2024: £97,698) and amounts due to group undertakings totalled £3,159,859 (2024: £4,113,095).

These balances are unsecured, interest-free and repayable on demand.

15.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Esco Technologies (Asia) Pte Ltd, a private company registered in

Singapore. The consolidated financial statements of Esco Technologies (Asia) Pte Ltd are available from their registered office of 21 Changi South Street 1, Singapore, 486777.

The ultimate parent undertaking is Escocom Ltd, a private company registered in the Cayman Islands.