Company Registration No. 02949769 (England and Wales)
METROHM UK LIMITED
GROUP ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
METROHM UK LIMITED
COMPANY INFORMATION
Directors
Dr V J Frost
Mr P E Gruninger
Mr D A Wager
Mr J West
Secretary
Ms N Hough
Company number
02949769
Registered office
Metrohm House
Evenwood Close
Daresbury Court
Runcorn
Cheshire
WA7 1LZ
Auditor
Mitchell Charlesworth (Audit) Limited
24 Nicholas Street
Chester
CH1 2AU
METROHM UK LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 8
Group statement of comprehensive income
9
Group balance sheet
10
Company balance sheet
11
Group statement of changes in equity
12
Company statement of changes in equity
13
Group statement of cash flows
14
Notes to the financial statements
15 - 32
METROHM UK LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present the strategic report for the year ended 31 December 2025.

Fair Review of the Business

The group had another successful year, with profit after tax of £2.7m (2024: £3.0m).

Principal risks and uncertainties

People risk

We need high quality employees to provide customers and consumers with high quality products and services. We aim to secure qualified long term employment opportunities throughout the group. In order to mitigate this risk we review the performance of staff and have a bonus structure in place.

Financial risk

We have to ensure that we have the appropriate capital structure in place to allow us to run the business. We have a supportive bank that knows our business and have facilities available should it be required.

Price risk

Service level agreements and price structures are negotiated with key suppliers to ensure efficiency and cost-effectiveness in all purchases. Outside influences on rising costs have been carefully monitored. The risk arising from purchases made in foreign currencies is mitigated by the utilisation of forward hedging in the major currencies used.

Credit risk

Customers applying for credit facilities with the company are subject to scrutiny in order for the group to ascertain the suitability and potential risk of offering credit. Credit facilities are reviewed periodically ensuring the risk of loss is mitigated.

Liquidity and cash flow risk

Cash flow and liquidity are continually monitored to ensure any potential future risks are identified as early as possible and mitigated accordingly.

KPIs

Profit after tax and turnover are KPIs. The group had another successful year, with profit after tax of £2.7m (2024: £3.0m). Group turnover also remained healthy at £17.8m (2024: £18.8m).

Operational risk

We face competition on our products. To compete we have to purchase materials effectively, operate the supply chain efficiently, market and sell our products well and continually innovate. If we fail to do this we could lose sales.

We closely monitor the service levels we provide to our customers. We aim to maintain the delivery, and service in compliance with ISO 9001 and complied with ISO 9001 in 2024. We aim to maintain the highest level of customer satisfactions through continuous improvements in quality.

Legal and compliance risk

Our sector is subject to statutory requirements. There is a risk of fines or lawsuits and reputation damage if we fail to comply. We commit to doing business in an environmentally responsible manner. We seek to take care of the environment and ensure that our business is conducted in compliance with applicable laws. We have insurances and relevant certificates in place to manage the risk.

- 1 -
METROHM UK LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Future developments

Continue to implement strategies in both technology and training in order to improve performance.

Monitor costs and servicing in order to improve profitability.

Strive to continually enhance our Metrohm ‘market leader’ status in the UK and Ireland.

Enhance relations with existing customers and other stakeholders and apply those same principles to new customers and stakeholders.

Keep abreast of technological advancements in our specialist areas and import that knowledge to our customers and stakeholders.

Constantly seek out new opportunities to organically grow the business for the benefit of all.

Continue our management philosophy respecting the dignity of everyone based on mutual trust and commonly defined objective.

By order of the board

Ms N Hough
Secretary
28 April 2026
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METROHM UK LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the company and group during the year was to sell, distribute and service instruments for laboratory and process analysis.

Results and dividends

The results for the year are set out on page 9.

Ordinary dividends were paid amounting to £4,000,000. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Dr V J Frost
Mr P E Gruninger
Mr D A Wager
Mr J West
Auditor

The auditor, Mitchell Charlesworth (Audit) Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

United Kingdom company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the group and parent company 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 group and parent company, and of the profit or loss of the group 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;

- state whether applicable U nited K ingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent 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 group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

- 3 -
METROHM UK LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

Strategic report

The group has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to groups and companies entitled to the exemptions of the small companies regime.

By order of the board
Ms N Hough
Secretary
28 April 2026
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METROHM UK LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF METROHM UK LIMITED
Opinion

We have audited the financial statements of Metrohm UK Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including 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 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 31 December 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 group's and parent 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

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METROHM UK LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF METROHM UK LIMITED
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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

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

- the parent company 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.

Responsibilities of directors
- 6 -

As explained more fully in the directors' r esponsibilities s tatement, 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 is 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 group's and parent 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 group or parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 an auditor's report 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.

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

METROHM UK LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF METROHM UK LIMITED

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance;

- the company's own assessment of the risks that irregularities may occur either as a result of fraud or error;

- the results of our enquiries of management of their own identification of and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and

- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:

(i) The presentation of the Statement of Comprehensive Income, (ii) revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, employment laws and the relevant ISO regulations.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty. This includes regulations concerning Data Protection.

Audit response to risks identfied

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations described above as having a direct effect on the financial statements;

- enquiring of management and directors concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- reading minutes of board meetings and reviewing correspondence with relevant authorities where matters identified were significant;

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

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METROHM UK LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF METROHM UK LIMITED

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 is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the parent 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 parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Robert Hall (Senior Statutory Auditor)
For and on behalf of Mitchell Charlesworth (Audit) Limited
6 May 2026
Accountants
Statutory Auditor
24 Nicholas Street
Chester
CH1 2AU
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METROHM UK LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
2025
2024
Notes
£
£
Turnover
3
17,843,530
18,816,225
Cost of sales
(7,198,693)
(7,741,623)
Gross profit
10,644,837
11,074,602
Administrative expenses
(7,272,335)
(6,901,427)
Operating profit
4
3,372,502
4,173,175
Interest receivable and similar income
7
30,044
51,509
Amounts written off investments
8
120,099
(267,571)
Profit before taxation
3,522,645
3,957,113
Tax on profit
9
(833,555)
(985,044)
Profit for the financial year
2,689,090
2,972,069
Other comprehensive income
Currency translation gain/(loss) taken to retained earnings
166,737
(106,389)
Total comprehensive income for the year
2,855,827
2,865,680
Profit for the financial year is all attributable to the owners of the parent company.
Total comprehensive income for the year is all attributable to the owners of the parent company.

The profit and loss account has been prepared on the basis that all operations are continuing operations.

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METROHM UK LIMITED
GROUP BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
2,158,199
2,007,592
2,158,199
2,007,592
Current assets
Stocks
13
2,229,058
2,727,190
Debtors
14
4,877,034
3,626,638
Investments
15
1,746,302
-
0
Cash at bank and in hand
4,142,995
7,694,611
12,995,389
14,048,439
Creditors: amounts falling due within one year
16
(4,039,856)
(3,821,346)
Net current assets
8,955,533
10,227,093
Total assets less current liabilities
11,113,732
12,234,685
Provisions for liabilities
Provisions
17
91,650
90,943
Deferred tax liability
19
160,323
137,810
(251,973)
(228,753)
Net assets
10,861,759
12,005,932
Capital and reserves
Called up share capital
20
100,000
100,000
Profit and loss reserves
10,761,759
11,905,932
Total equity
10,861,759
12,005,932

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 28 April 2026 and are signed on its behalf by:
28 April 2026
Mr J West
Director
Company registration number 02949769 (England and Wales)
- 10 -
METROHM UK LIMITED
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
2,062,186
1,896,880
Investments
12
2
2
2,062,188
1,896,882
Current assets
Stocks
13
2,118,048
2,617,950
Debtors
14
4,223,633
2,962,961
Cash at bank and in hand
2,374,390
4,563,495
8,716,071
10,144,406
Creditors: amounts falling due within one year
16
(3,236,789)
(2,999,857)
Net current assets
5,479,282
7,144,549
Total assets less current liabilities
7,541,470
9,041,431
Provisions for liabilities
Provisions
17
91,650
90,943
Deferred tax liability
19
160,323
137,810
(251,973)
(228,753)
Net assets
7,289,497
8,812,678
Capital and reserves
Called up share capital
20
100,000
100,000
Profit and loss reserves
7,189,497
8,712,678
Total equity
7,289,497
8,812,678

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £2,476,819 (2024 - £1,867,772 profit).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 28 April 2026 and are signed on its behalf by:
28 April 2026
Mr J West
Director
Company registration number 02949769 (England and Wales)
- 11 -
METROHM UK LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
100,000
11,040,252
11,140,252
Year ended 31 December 2024:
Profit for the year
-
2,972,069
2,972,069
Other comprehensive income:
Currency translation differences
-
(106,389)
(106,389)
Total comprehensive income
-
2,865,680
2,865,680
Dividends
10
-
(2,000,000)
(2,000,000)
Balance at 31 December 2024
100,000
11,905,932
12,005,932
Year ended 31 December 2025:
Profit for the year
-
2,689,090
2,689,090
Other comprehensive income:
Currency translation differences
-
166,737
166,737
Total comprehensive income
-
2,855,827
2,855,827
Dividends
10
-
(4,000,000)
(4,000,000)
Balance at 31 December 2025
100,000
10,761,759
10,861,759
- 12 -
METROHM UK LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
100,000
8,844,906
8,944,906
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
1,867,772
1,867,772
Dividends
10
-
(2,000,000)
(2,000,000)
Balance at 31 December 2024
100,000
8,712,678
8,812,678
Year ended 31 December 2025:
Profit and total comprehensive income
-
2,476,819
2,476,819
Dividends
10
-
(4,000,000)
(4,000,000)
Balance at 31 December 2025
100,000
7,189,497
7,289,497
- 13 -
METROHM UK LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
24
3,281,001
4,091,894
Income taxes paid
(975,202)
(766,963)
Net cash inflow from operating activities
2,305,799
3,324,931
Investing activities
Purchase of tangible fixed assets
(435,918)
(260,960)
Proceeds from disposal of tangible fixed assets
7,925
410
Investments
(1,626,203)
(267,571)
Interest received
30,044
51,509
Net cash used in investing activities
(2,024,152)
(476,612)
Financing activities
Purchase of derivatives
-
92,522
Dividends paid to equity shareholders
(4,000,000)
(2,000,000)
Net cash used in financing activities
(4,000,000)
(1,907,478)
Net (decrease)/increase in cash and cash equivalents
(3,718,353)
940,841
Cash and cash equivalents at beginning of year
7,694,611
6,860,159
Effect of foreign exchange rates
166,737
(106,389)
Cash and cash equivalents at end of year
4,142,995
7,694,611
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METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
Company information

Metrohm UK Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Metrohm House, Evenwood Close, Daresbury Court, Runcorn, Cheshire, WA7 1LZ.

The group consists of Metrohm UK Limited and all of its subsidiaries.

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.

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 on the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Basis of consolidation

The consolidated financial statements incorporate those of Metrohm UK Limited and its subsidiary (ie and entit y that the g roup controls through its power to govern the financial and operating policies so as to obtain economic benefits).

Subsidiary financial statements are made up to 31 December 2025 and accounting policies used therein are in line with those used by Metrohm UK Limited.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

The group profit and loss account and statement of cash flows also include the results and cash flows of Metrohm Ireland Limite d from its incorporation.

1.3
Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the group and parent company ha ve adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.5
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.

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METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)

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:

Leasehold land and buildings
See below
Plant and machinary
Straight line over 5 years
Fixtures, fittings and equipment
Straight line over 6 years
Computer equipment
Straight line over 5 years
Motor vehicles
Straight line over 4 years

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 recognised in the profit and loss account.

The long leasehold property is considered to have a residual value in excess of its original cost. The properties are maintained to a high standard and reviewed for impairment at the end of each reporting period, therefore no depreciation is charged. This constitutes a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. The departure is considered by the directors to be necessary in order to show a true and fair view of the value of the long leasehold property.

1.6
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.7
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

- 16 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
Stocks
- 17 -

Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

Obsolete and slow moving items are provided for at a rate of 25% on a straight line basis at each year end following the date at which the stock had been held for a period of 1 year.

1.9
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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 m ethod 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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 group after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Amounts 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.

Other financial liabilities

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value though profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.11
Equity instruments

Equity instruments issued by the group 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 group.

- 18 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
1.12
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.13
Taxation

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

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 group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.14
Provisions

Provisions are recognised when the group has a legal or constructive present obligation as a result of a past event, it is probable that the group will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.15
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.

1.16
Retirement benefits

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

- 19 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
1.17
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 d asset are consumed.

1.18

Current asset investments

Current asset investments are initially recorded at cost and subsequently re-measured at fair value.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount 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 in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Useful economic lives of fixed assets

The company depreciates tangible assets over their estimated useful lives. The estimation of the useful lives of assets is based on historic performance as well as expectations about future use and therefore requires assumptions to be applied by management. The actual lives of these assets can vary depending on a variety of factors, including technological innovation, product life cycles and maintenance programmes. Judgement is applied by the directors when determining the residual values for plant, machinery and equipment. When determining the residual value management assesses the amount that the company would currently obtain for the disposal of the asset, if it were already of the condition expected at the end of its useful economic life. Where possible this is done with reference to external market prices.

Recoverability of debtors

Bad debts are recognised where there are indicators of non-recoverability, and appropriate action has been taken to recover the debt unsuccessfully. When assessing recoverability, the directors consider factors such as the ageing of the receivables, past experience of recoverability, and the credit profile of individual groups of customers.

Slow moving and obsolete stocks

Stock provisions are recognised where there are indicators of recoverable value being lower than cost. In establishing the level of provisioning required, management consider discontinued products and slow moving or obsolete stock.

- 20 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
3
Turnover and other revenue

An analysis of the group's turnover is as follows:

2025
2024
£
£
Turnover analysed by class of business
Sale of goods
12,755,689
13,710,116
Rendering of services
5,087,841
5,106,109
17,843,530
18,816,225
2025
2024
£
£
Turnover analysed by geographical market
UK
14,692,160
14,484,473
Overseas
3,151,370
4,331,752
17,843,530
18,816,225
2025
2024
£
£
Other revenue
Interest income
30,044
51,509
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging:
Fees payable to the group's auditor for the audit of the group's financial statements
31,765
26,004
Depreciation of tangible fixed assets
275,711
211,488
Loss on disposal of tangible fixed assets
1,705
2,792
Operating lease charges
350,125
304,648
- 21 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
5
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Directors
1
1
1
1
Employees
62
61
55
54
Total
63
62
56
55

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
3,895,128
3,834,487
3,411,087
3,336,550
Social security costs
568,548
494,980
508,438
433,221
Pension costs
506,343
397,588
484,126
376,063
4,970,019
4,727,055
4,403,651
4,145,834
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
380,518
274,690
Company pension contributions to defined contribution schemes
29,585
28,770
410,103
303,460

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 1 (2024: 1).

Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
380,518
274,690
Company pension contributions to defined contribution schemes
29,585
28,770
- 22 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
30,044
42,214
Other interest income
-
9,295
Total income
30,044
51,509
8
Amounts written off investments
2025
2024
£
£
Fair value gains/(losses) on financial instruments
Gain/(loss) on financial assets held at fair value through profit or loss
120,099
(267,571)
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
811,684
1,001,282
Adjustments in respect of prior periods
(642)
4,017
Total current tax
811,042
1,005,299
Deferred tax
Origination and reversal of timing differences
22,513
(20,255)
Total tax charge
833,555
985,044
- 23 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
9
Taxation
(Continued)

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
3,522,645
3,957,113
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
880,661
989,278
Tax effect of expenses that are not deductible in determining taxable profit
760
2,759
Foreign exchange differences
-
0
(993)
Adjustment to effective tax rate
8
(35,026)
Other short term timing differences
4,887
6,290
Other
(52,761)
22,736
Taxation charge
833,555
985,044
10
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Interim paid
4,000,000
2,000,000
- 24 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
11
Tangible fixed assets
Group
Leasehold land and buildings
Plant and machinary
Fixtures, fittings and equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2025
1,352,813
787,760
210,719
708,393
123,209
3,182,894
Additions
43,712
355,904
2,428
33,874
-
0
435,918
Disposals
-
0
(20,310)
-
0
(18,425)
(22,864)
(61,599)
At 31 December 2025
1,396,525
1,123,354
213,147
723,842
100,345
3,557,213
Depreciation and impairment
At 1 January 2025
-
0
431,713
161,878
466,166
115,545
1,175,302
Depreciation charged in the year
-
0
132,913
42,418
100,380
-
0
275,711
Eliminated in respect of disposals
-
0
(11,024)
-
0
(18,111)
(22,864)
(51,999)
At 31 December 2025
-
0
553,602
204,296
548,435
92,681
1,399,014
Carrying amount
At 31 December 2025
1,396,525
569,752
8,851
175,407
7,664
2,158,199
At 31 December 2024
1,352,813
356,047
48,841
242,227
7,664
2,007,592
- 25 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
11
Tangible fixed assets
(Continued)
Company
Leasehold land and buildings
Plant and machinary
Fixtures, fittings and equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2025
1,352,813
642,380
210,527
689,636
123,209
3,018,565
Additions
43,712
345,106
2,450
26,760
-
0
418,028
Disposals
-
0
(20,310)
-
0
(18,425)
(22,864)
(61,599)
At 31 December 2025
1,396,525
967,176
212,977
697,971
100,345
3,374,994
Depreciation and impairment
At 1 January 2025
-
0
389,891
161,846
454,403
115,545
1,121,685
Depreciation charged in the year
-
0
102,804
42,399
97,919
-
0
243,122
Eliminated in respect of disposals
-
0
(11,024)
-
0
(18,111)
(22,864)
(51,999)
At 31 December 2025
-
0
481,671
204,245
534,211
92,681
1,312,808
Carrying amount
At 31 December 2025
1,396,525
485,505
8,732
163,760
7,664
2,062,186
At 31 December 2024
1,352,813
252,489
48,681
235,233
7,664
1,896,880
12
Fixed asset investments
Group
Company
2025
2024
2025
2024
£
£
£
£
Unlisted investments
-
0
-
0
2
2

The company owns 100% of the issued share capital of Metrohm Ireland Limited, a company incorporated in the Republic of Ireland.

The latest available accounts for Metrohm Ireland Limited made up to 31 December 20 2 4 show net assets of £3,566,104 (20 2 4: £3,192,838) and a profit after tax for the year of £1,059,382 (20 2 4: £1,451,501). Figures are reported in the accounts of Metrohm Ireland Limited in Euro's and have been translated into GBP for the purposes of this note.

- 26 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
12
Fixed asset investments
(Continued)
Movements in fixed asset investments
Company
Investments
£
Cost or valuation
At 1 January 2025 and 31 December 2025
2
Carrying amount
At 31 December 2025
2
At 31 December 2024
2
13
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Finished goods and goods for resale
2,229,058
2,727,190
2,118,048
2,617,950
14
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
4,460,253
3,316,814
3,705,159
2,575,837
Corporation tax recoverable
106,433
43,333
-
0
43,333
Amounts owed by group undertakings
18,677
12,984
242,120
115,320
Other debtors
73,549
52,290
73,549
52,087
Prepayments and accrued income
218,122
201,217
202,805
176,384
4,877,034
3,626,638
4,223,633
2,962,961
15
Current asset investments
Group
Company
2025
2024
2025
2024
£
£
£
£
Other investments
1,746,302
-
-
-
- 27 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
16
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
£
£
£
£
Trade creditors
110,018
97,473
100,951
87,429
Amounts owed to group undertakings
345,903
332,012
345,903
332,012
Corporation tax payable
308
101,338
308
-
0
Other taxation and social security
856,595
698,182
663,712
455,688
Other creditors
129,284
231,454
117,799
220,578
Accruals and deferred income
2,597,748
2,360,887
2,008,116
1,904,150
4,039,856
3,821,346
3,236,789
2,999,857
17
Provisions for liabilities
Group
Company
2025
2024
2025
2024
£
£
£
£
Warranty provision
91,650
90,943
91,650
90,943
Movements on provisions:
Warranty provision
Group
£
At 1 January 2025
90,943
Additional provisions in the year
707
At 31 December 2025
91,650
Warranty provision
Company
£
At 1 January 2025
90,943
Additional provisions in the year
707
At 31 December 2025
91,650
- 28 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
18
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
506,343
397,588

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

19
Deferred taxation

Deferred tax assets and liabilities are offset where the group or company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
160,323
137,810
Liabilities
Liabilities
2025
2024
Company
£
£
Accelerated capital allowances
160,323
137,810
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 January 2025
137,810
137,810
Charge to profit or loss
22,513
22,513
Liability at 31 December 2025
160,323
160,323

The deferred tax liability relates to accelerated capital allowances, which is expected to reverse over the same period that the assets are depreciated.

20
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100,000
100,000
100,000
100,000
- 29 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
20
Share capital
(Continued)

All issued shares are ordinary shares and rank equally for voting, dividend and distribution purposes.

21
Operating lease commitments
As lessee

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

Group
Company
2025
2024
2025
2024
£
£
£
£
Within 1 year
322,168
332,337
257,860
305,222
Years 2-5
373,201
564,638
252,966
537,309
695,369
896,975
510,826
842,531
22
Related party transactions
Remuneration of key management personnel

The remuneration of key management personnel is as follows:

2025
2024
£
£
Aggregate compensation
380,518
274,690
- 30 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
22
Related party transactions
(Continued)
Other information

Metrohm AG (parent company)

The company made stock purchases of £5,447,045 (20 2 4: £6,984,151), incurred insurance costs of £3,779 (20 2 4: £1,981), made software license and maintenance purchases of £20,101 (20 2 4: £20,145) and incurred other costs of £235,147 (2024: £175,138). The balance owed to Metrohm AG at 31 December 2025 was £255,233 (20 2 4: £221,309).

Metrohm Autolab B.V. (fellow subsidiary)

The company made stock purchases of £203,132 (20 2 4: £206,021). The balance owed to Metrohm Autolab B.V. at 31 December 2025 was £1,124 (20 2 4: £950).

Metrohm Applikon B.V. (fellow subsidiary)

The company made stock purchases of £267,849 (2024: £529,288). The balance owed to Metrohm Applikon B.V. at 31 December 2025 was £0 (20 2 4: £109,087).

Dropsens (fellow subsidiary)

The company made stock purchases of £49,370 (20 2 4: £47,842). The balance owed to Dropsens at 31 December 2025 was £0 (20 2 4: £0).

Metrohm Deutschland (fellow subsidiary)

The company incurred 'Hub' costs of £16,930 (202 4: £17,396) and incurred shipping and customs costs of £0 (202 4: £286) The balance owed to Metrohm Deutschland at 31 December 2025 was £0 (20 2 4: £0).

Deutsche Metrohm Prozessanalytik GMBH (fellow subsidiary)

The company made stock purchases of £0 (20 2 4: £1,026). The balance owed to Deutsche Metrohm Prozessanalytik GMBH at 31 December 2025 was £0 (20 2 4: £0).

BW Tek (fellow subsidiary)

The company made stock purchases £154,542 (20 2 4: £153,284). The balance owed to BW Tek at 31 December 2025 was £20,956 (20 2 4: £668).

Metrohm Raman (fellow subsidiary)

The company made stock purchases £344,067 (2024: £190,823). The balance owed to Metrohm Raman at 31 December 2025 was £68,590 (20 2 4: £0).

23
Controlling party

The parent company of Metrohm UK Limited is Metrohm AG, a company incorporated in Switzerland.

Metrohm AG is ultimately owned publicly by the Swiss Metrohm Foundation, a charitable organisation in Switzerland.

- 31 -
METROHM UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
24
Cash generated from group operations
2025
2024
£
£
Profit after taxation
2,689,090
2,972,069
Adjustments for:
Taxation charged
833,555
985,044
Investment income
(30,044)
(51,509)
Loss on disposal of tangible fixed assets
1,705
2,792
Depreciation and impairment of tangible fixed assets
275,711
211,488
Other gains and losses
(120,099)
267,571
Increase in provisions
707
9,733
Movements in working capital:
Decrease/(increase) in stocks
498,132
(29,620)
Increase in debtors
(1,187,296)
(320,365)
Increase in creditors
319,540
44,691
Cash generated from operations
3,281,001
4,091,894
25
Analysis of changes in net funds - group
1 January 2025
Cash flows
31 December 2025
£
£
£
Cash at bank and in hand
7,694,611
(3,551,616)
4,142,995
- 32 -
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