REGISTERED NUMBER: 04243188 (England and Wales)

Financial Statements for the Year Ended 31 October 2025

for

PMT (GB) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Jessen

REGISTERED OFFICE:

Unit B1 South

Willow End Park Danemoor

Malvern

Worcestershire

WR13 6NN

REGISTERED NUMBER:

04243188 (England and Wales)

AUDITORS:

The Richards Sandy Partnership Limited

Thorneloe House,

25 Barbourne Road,

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Tangible assets

4

25,742

24,887

CURRENT ASSETS

Stocks

33,337

35,125

Debtors

5

283,029

325,083

Cash at bank

525,773

516,871

842,139

877,079

CREDITORS

Amounts falling due within one year

6

270,229

326,879

NET CURRENT ASSETS

571,910

550,200

TOTAL ASSETS LESS CURRENT LIABILITIES

597,652

575,087

PROVISIONS FOR LIABILITIES

3,631

3,205

NET ASSETS

594,021

571,882

CAPITAL AND RESERVES

Called up share capital

8

50,000

50,000

Retained earnings

544,021

521,882

SHAREHOLDERS' FUNDS

594,021

571,882

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 director and authorised for issue on 18 May 2026 and were signed by:

D Jessen - Director

1.	STATUTORY INFORMATION

PMT (GB) 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 have been prepared under the historical cost convention.

Turnover

Turnover from the sale of goods when all the following conditions are satisfied:

-

the significant risks and rewards of ownership of the goods have been transferred 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 economic benefits associated with the transaction will flow to the company; and

-

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

A finance lease of an asset by company gives rise to two types of income:

-

profit or loss equivalent to the profit or loss resulting from an outright sale of the asset being leased, at normal selling prices, reflecting any applicable volume or trade discounts; and

-

finance income over the lease term.

The sales revenue recognised at the commencement of the lease term by the company is the fair value of the asset or, if lower, the present value of the minimum lease payments accruing to the lessor, computed at a market rate of interest. The cost of sale recognised at the commencement of the lease term is the cost, or carrying amount if different, of the leased asset less the present value of the unguaranteed residual value. The difference between the sales revenue and the cost of sale is the selling profit, which is recognised in accordance with the company's policy for outright sales.

Turnover 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 turnover 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.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Demo Instruments

-

33% on cost

Computer equipment

-

33% on cost

Stocks

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

Cost of raw materials is determined on the first-in, first-out (FIFO) method. Cost includes the purchase price, including taxes and duties and transport and handling directly attributable to bringing the stock to its present location and condition.

Financial instruments

The company 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.

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

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating lease commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Demo

Computer

machinery

fittings

Instruments

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

53,466

16,349

157,524

87,883

315,222

Additions

7,938

-

4,397

1,295

13,630

At 31 October 2025

61,404

16,349

161,921

89,178

328,852

DEPRECIATION

At 1 November 2024

40,499

16,349

148,040

85,447

290,335

Charge for year

4,143

-

7,197

1,435

12,775

At 31 October 2025

44,642

16,349

155,237

86,882

303,110

NET BOOK VALUE

At 31 October 2025

16,762

-

6,684

2,296

25,742

At 31 October 2024

12,967

-

9,484

2,436

24,887

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

223,237

314,960

Amounts receivable in respect of finance leases

29,025

-

Other debtors

1,910

-

Supplier payments on account

24,719

-

Prepayments and accrued income

4,138

10,123

283,029

325,083

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

66,763

92,037

Corporation tax

41,029

43,871

Social security and other taxes

10,525

10,628

VAT

26,622

29,317

Customer payments on account

33,247

-

Deferred income

48,446

104,758

Accrued expenses

43,597

46,268

270,229

326,879

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.10.25

31.10.24

£

£

Within one year

90,045

81,173

Between one and five years

73,552

34,784

163,597

115,957

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

50,000

Ordinary

£1

50,000

50,000

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

The Report of the Auditors was unqualified.

Aimee Davies (Senior Statutory Auditor)

for and on behalf of The Richards Sandy Partnership Limited

10.	PARENT COMPANY

The parent company is Interservice Holding GmbH, whose registered office is District Court of Mannheim HRB 511697.