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REGISTERED NUMBER: 00304972 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

AWE Europe Limited

AWE Europe Limited (Registered number: 00304972)

Contents of the Financial Statements

for the Year Ended 31 August 2025

Page |

Company information | 1 |

Balance sheet | 2 |

Notes to the financial statements | 4 |

AWE Europe Limited

Company Information

for the Year Ended 31 August 2025

| DIRECTORS: | S D Tickle

| P Mott

| REGISTERED OFFICE: | Alexander House

| 3A Blenheim Road

| Epsom

| Surrey

| KT19 9AP

| REGISTERED NUMBER: | 00304972 (England and Wales)

| ACCOUNTANTS: | CWF & Partners Ltd

| Chartered Accountants

| Freedman House

| Christopher Wren Yard

| 117 High Street

| Croydon

| Surrey

| CR0 1QG

AWE Europe Limited (Registered number: 00304972)

Balance Sheet

31 August 2025

| 31.8.25 | 31.8.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | 6,666 |  | - |  |

Tangible assets | 6 | 154,904 |  | 199,636 |  |

Investments | 7 | 50,000 |  | 50,000 |  |

211,570 |  | 249,636 |  |

CURRENT ASSETS

Stocks | 2,544,726 |  | 2,397,807 |  |

Debtors | 8 | 842,493 |  | 541,208 |  |

Cash at bank and in hand | 530,158 |  | 589,263 |  |

3,917,377 |  | 3,528,278 |  |

CREDITORS

Amounts falling due within one year | 9 | 2,661,853 |  | 2,166,115 |  |

NET CURRENT ASSETS | 1,255,524 |  | 1,362,163 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,467,094 |  | 1,611,799 |  |

CREDITORS

Amounts falling due after more than one year | 10 | (12,500 | ) | (162,500 | ) |

PROVISIONS FOR LIABILITIES | (28,946 | ) | (35,242 | ) |

NET ASSETS | 1,425,648 |  | 1,414,057 |  |

CAPITAL AND RESERVES

Called up share capital | 1,310 |  | 1,310 |  |

Retained earnings | 1,424,338 |  | 1,412,747 |  |

SHAREHOLDERS' FUNDS | 1,425,648 |  | 1,414,057 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AWE Europe Limited (Registered number: 00304972)

Balance Sheet - continued

31 August 2025

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 Income statement has not been delivered.

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

S D Tickle - Director

AWE Europe Limited (Registered number: 00304972)

Notes to the Financial Statements

for the Year Ended 31 August 2025

1. | STATUTORY INFORMATION

| AWE Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Preparation of consolidated financial statements

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

| Turnover

| Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

| Intangible assets

| Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Software and web development |  | - 20% on cost |  |

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Short leasehold | - | 2% on cost or valuation

| Plant and machinery | - | 25% on reducing balance

| Furniture, fixtures and equipment | - | at varying rates on cost

| Motor vehicles | - | 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

AWE Europe Limited (Registered number: 00304972)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

3. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme.The assets of the scheme are held separately from those of the company in an independently administered fund. The amount charged to the profit and loss account represents the contributions payable to the scheme in respect of the accounting period.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 25 (2024 - 31 ) .

5. | INTANGIBLE FIXED ASSETS

| Software

| and web

| development

£ |

| Cost

| At 1 September 2024 | 201,031 |  |

| Additions | 8,333 |  |

| At 31 August 2025 | 209,364 |  |

| Amortisation

| At 1 September 2024 | 201,031 |  |

| Amortisation for year | 1,667 |  |

| At 31 August 2025 | 202,698 |  |

| Net book value

| At 31 August 2025 | 6,666 |  |

| At 31 August 2024 | - |  |

AWE Europe Limited (Registered number: 00304972)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

6. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Cost

| At 1 September 2024 | 33,324 |  | 936,598 |  | 969,922 |  |

| Additions | - |  | 36,840 |  | 36,840 |  |

| Disposals | - |  | (147,039 | ) | (147,039 | ) |

| At 31 August 2025 | 33,324 |  | 826,399 |  | 859,723 |  |

| Depreciation

| At 1 September 2024 | 3,332 |  | 766,954 |  | 770,286 |  |

| Charge for year | 3,333 |  | 66,987 |  | 70,320 |  |

| Eliminated on disposal | - |  | (135,787 | ) | (135,787 | ) |

| At 31 August 2025 | 6,665 |  | 698,154 |  | 704,819 |  |

| Net book value

| At 31 August 2025 | 26,659 |  | 128,245 |  | 154,904 |  |

| At 31 August 2024 | 29,992 |  | 169,644 |  | 199,636 |  |

7. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| Cost or valuation

| At 1 September 2024

| and 31 August 2025 | 50,000 |  |

| Net book value

| At 31 August 2025 | 50,000 |  |

| At 31 August 2024 | 50,000 |  |

| Cost or valuation at 31 August 2025 is represented by:

| Shares in

| group

| undertakings

£ |

| Valuation in 2022 | (285,000 | ) |

| Cost | 335,000 |  |

50,000 |  |

AWE Europe Limited (Registered number: 00304972)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

7. | FIXED ASSET INVESTMENTS - continued

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

| Kinetik Labs Limited

| Registered office: United Kingdom

| Nature of business: Manufacture of consumer electronics.

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

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

| 31.8.25 |  | 31.8.24

£ | £ |

| Trade debtors | 389,115 |  | 167,360 |  |

| Amounts owed by group undertakings | 28,943 |  | 46,808 |  |

| Other debtors | 424,435 |  | 327,040 |  |

842,493 |  | 541,208 |  |

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

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank loans and overdrafts | 150,000 |  | 150,000 |  |

| Trade and other creditors | 1,791,288 |  | 918,739 |  |

| Taxation and social security | 123,773 |  | 127,340 |  |

| Other creditors | 596,792 |  | 970,036 |  |

2,661,853 |  | 2,166,115 |  |

10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank loans | 12,500 |  | 162,500 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank loans | 162,500 |  | 312,500 |  |

| Import loan | 476,219 |  | 857,946 |  |

638,719 |  | 1,170,446 |  |

| Bank and import loans facilities are secured by a fixed and floating charge over all the current and future assets of the company and its fellow subsidiary.

AWE Europe Limited (Registered number: 00304972)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| At the start of the year, the director’s loan account was in credit amounting to £243. During the year, the account became overdrawn and, at 31 August 2025 £26,647 (2024: £nil) was owed by the director, Mr S D Tickle.

| Interest has been charged on the loan at the official rate set by HMRC. The loan is unsecured and repayable on demand.

13. | RELATED PARTY DISCLOSURES

| The company is controlled by the director S D Tickle who owns 75% of the ordinary share capital.