REGISTERED NUMBER: 09144636 (England and Wales)

Group Strategic Report, Report of the Director and

Consolidated Financial Statements for the Year Ended 31 December 2025

for

AIM Solder (UK) Ltd

Page

Company Information

1

Group Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

6

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Cash Flow Statement

16

Notes to the Consolidated Cash Flow Statement

17

Notes to the Consolidated Financial Statements

18

DIRECTOR:

Mr R Black

REGISTERED OFFICE:

Units 2/3

Sedgewick Road

North Luton Industrial Estate

Luton

Bedfordshire

LU4 9DT

REGISTERED NUMBER:

09144636 (England and Wales)

AUDITORS:

GH Audit Limited

Brigham House

93 High Street

Biggleswade

Bedfordshire

SG18 0LD

The director presents his strategic report of the company and the group for the year ended 31 December 2025.

REVIEW OF BUSINESS

AIM Solder UK is a solder manufacturing company specialised on the industrial market. The main products include solder wire, bar and fluxes which are manufactured from alloys including Tin and Lead.

The Turnover for the year was £34,232,605 (£17,713,663 2024). The Gross Profit was £7,818,108 (£3,631,754 2024)

The Company employed 122 people in year.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks facing the company in its normal activities were credit risk, commodity price risk and a competitive commodity market.

Credit risk was mitigated by the company policy to ensure that credit checks are done on all new customers before credit is granted and these limits are reviewed on a regular basis. We operate on a proforma basis unless credit limits are agreed. Credit insurance is in place where necessary.

Risks from the competitive commodity market were offset by the efforts in increasing sales volume and stabilising inventory values. Recent trends show extreme volatility with industrial metals often rising on supply-chain concerns while precious metals react to shifting monetary policy and safe-haven demand. Most metals are priced in US dollars. A weaker pound (GBP) makes these imports more expensive for UK buyers thus exacerbating inflationary pressures.

AIM operates globally and conducts business in multiple currencies resulting in exposure to various foreign exchange (FX) risk including USD/CAN, USD/PLN, USD/GBP among others. The reported FX gain or loss reflects both transactional currency conversions and the revaluation of monetary assets and liabilities

Other Risks

The group has various IT systems and applications, the failure of which could cause serious disruption to the business. The IT strategy is to ensure long term stability of these systems, data security and mitigating the increasing risk of cyber security threats to our operations.

The business recognises that it is essential that the business responds appropriately to the economic challenges that the world is facing. The combination of inflationary pressures and uncertainty in the global market is challenging but the group monitors key business KPI's to ensure that these pressures are not unduly impacting business performance and are satisfied that the right measures are being taken to mitigate these challenges.

FINANCIAL KEY PERFORMANCE INDICATORS

The key financial performance indicators are turnover and gross profit.

DEVELOPMENT AND PERFORMANCE

The commodity market has been the major factor affecting 2025 results and future performance is expected to improve as the market stabilises and internal growth continues its trend.

ENVIRONMENTAL AWARENESS

AIM Group are deeply aware of the impact our business activities have on the environment, natural resources and consequently, on climate change. We are committed to reaching Net-Zero and reducing the impact on the environment from our operations, working closely with all our stakeholders, including employees, customers, suppliers, local and national regulatory bodies.

ON BEHALF OF THE BOARD:

Mr R Black - Director

20 May 2026

The director presents his report with the financial statements of the company and the group for the year ended 31 December 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

FUTURE DEVELOPMENTS

AIM Group understands the rapidly evolving market and invests in an aggressive R&D program staffed with process engineers, metallurgists and chemists. This ensures that we provided cutting-edge solutions to meet the manufacturing challenges of tomorrow. AIM Group is strongly committed to innovative research and development of product and process improvement as well as providing customers with superior technical support, service, and training.

AIM listens to the needs of its customers and responds in a manner that meets or exceeds their expectations.

DIRECTOR

Mr R Black held office during the whole of the period from 1 January 2025 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

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

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, GH Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr R Black - Director

20 May 2026

Opinion

We have audited the financial statements of AIM Solder (UK) Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of 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 of the parent company 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 director's 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 the 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

-	the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

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 its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where 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 director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is 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 director determines 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 director is responsible for assessing the group's and the 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 director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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:

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:

1. The nature of the industry and sector, control environment and business performance

2. Key drivers for the remuneration policies of key employees' remuneration, bonus levels and performance targets

3. Enquiries with management about their own identification and assessment of the risks of irregularities.

4. The matters discussed among the audit team regarding how and where fraud might occur and fraud indicators.

As a result of these procedures, we identified the greatest potential for fraud in terms of misstatements in the financial statements was in relation to the valuation of Stock and the calculation and inclusion of year end provisions. In common with all audits under ISA's (UK), we are also required to perform specific procedures to respond to the risk of management override. The assessment of the risk of fraud in terms of misappropriation of assets highlighted fraudulent payments as a focus area.

In addition, we considered the legal and regulatory framework that the company operates in, focusing on provisions of these law and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. Key laws considered include the UK Companies Act and UK Tax Legislation.

Audit response to risks identified:

The valuation of Stock is tested by substantive and analytical procedures including a physical inspection of the site at the balance sheet date.The calculation of provisions was also tested using a substantive approach with an emphasis on completeness.

Standard procedures were pursued to test management override including the review of year end journals and whether the judgments made in making accounting estimates are indicative of potential bias.

To cover the assessed risks in relation to fraudulent payments, we ensure that transactions are conducted in line with the company's authority matrix, together with a review of expenses in the profit and loss to ensure that they are genuine business expenses. We also perform analytical procedures to identify any unusual or unexpected relationship that may indicate risks of material misstatement due to fraud.We remained alert to any indications of fraud or non-compliance throughout the entire audit process.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

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

Colin Airey FCCA (Senior Statutory Auditor)

for and on behalf of GH Audit Limited

Brigham House

93 High Street

Biggleswade

Bedfordshire

SG18 0LD

5 June 2026

TURNOVER

4

34,232,605

17,713,663

Cost of sales

26,414,497

14,081,909

GROSS PROFIT

7,818,108

3,631,754

Administrative expenses

4,105,232

2,012,963

3,712,876

1,618,791

Other operating income

21,401

-

OPERATING PROFIT

6

3,734,277

1,618,791

Interest receivable and similar income

4,090

6,989

3,738,367

1,625,780

Interest payable and similar expenses

8

334,169

53,738

PROFIT BEFORE TAXATION

3,404,198

1,572,042

Tax on profit

9

1,324,462

461,586

PROFIT FOR THE FINANCIAL YEAR

2,079,736

1,110,456

Profit attributable to:

Owners of the parent

1,126,375

1,110,456

Non-controlling interests

953,361

-

2,079,736

1,110,456

PROFIT FOR THE YEAR

2,079,736

1,110,456

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,079,736

1,110,456

Total comprehensive income attributable to:

Owners of the parent

1,126,375

1,110,456

Non-controlling interests

953,361

-

2,079,736

1,110,456

FIXED ASSETS

Intangible assets

11

10,214,837

1,644,268

Tangible assets

12

1,532,649

236,062

Investments

13

-

-

11,747,486

1,880,330

CURRENT ASSETS

Stocks

14

5,852,981

3,218,963

Debtors

15

7,304,421

3,945,626

Cash at bank and in hand

444,229

199,151

13,601,631

7,363,740

CREDITORS

Amounts falling due within one year

16

6,972,001

1,559,004

NET CURRENT ASSETS

6,629,630

5,804,736

TOTAL ASSETS LESS CURRENT LIABILITIES

18,377,116

7,685,066

CREDITORS

Amounts falling due after more than one year

17

(31,323

)

-

PROVISIONS FOR LIABILITIES

21

(6,223,939

)

(44,483

)

PENSION LIABILITY

25

(32,105

)

-

NET ASSETS

12,089,749

7,640,583

CAPITAL AND RESERVES

Called up share capital

22

5,538,086

5,538,086

Retained earnings

23

3,228,872

2,102,497

SHAREHOLDERS' FUNDS

8,766,958

7,640,583

NON-CONTROLLING INTERESTS

24

3,322,791

-

TOTAL EQUITY

12,089,749

7,640,583

The financial statements were approved by the director and authorised for issue on 20 May 2026 and were signed by:

Mr R Black - Director

FIXED ASSETS

Intangible assets

11

335,973

449,001

Tangible assets

12

115,476

136,206

Investments

13

15,868,180

3,608,502

16,319,629

4,193,709

CURRENT ASSETS

Stocks

14

2,712,702

2,372,201

Debtors

15

1,835,673

3,814,798

Cash at bank and in hand

378,629

165,603

4,927,004

6,352,602

CREDITORS

Amounts falling due within one year

16

8,468,991

4,616,258

NET CURRENT (LIABILITIES)/ASSETS

(3,541,987

)

1,736,344

TOTAL ASSETS LESS CURRENT LIABILITIES

12,777,642

5,930,053

PROVISIONS FOR LIABILITIES

21

6,169,633

19,519

NET ASSETS

6,608,009

5,910,534

CAPITAL AND RESERVES

Called up share capital

22

5,538,086

5,538,086

Retained earnings

23

1,069,923

372,448

SHAREHOLDERS' FUNDS

6,608,009

5,910,534

Company's profit for the financial year

697,475

759,340

The financial statements were approved by the director and authorised for issue on 20 May 2026 and were signed by:

Mr R Black - Director

Called up

share

Retained

Non-controlling

Total

capital

earnings

Total

interests

equity

£

£

£

£

£

Balance at 1 January 2024

5,538,086

992,041

6,530,127

-

6,530,127

Changes in equity

Total comprehensive income

-

1,110,456

1,110,456

-

1,110,456

Balance at 31 December 2024

5,538,086

2,102,497

7,640,583

-

7,640,583

Changes in equity

Total comprehensive income

-

1,126,375

1,126,375

953,361

2,079,736

Balance at 31 December 2025

5,538,086

3,228,872

8,766,958

953,361

9,720,319

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

5,538,086

(386,892

)

5,151,194

Changes in equity

Profit for the year

-

759,340

759,340

Total comprehensive income

-

759,340

759,340

Balance at 31 December 2024

5,538,086

372,448

5,910,534

Changes in equity

Profit for the year

-

697,475

697,475

Total comprehensive income

-

697,475

697,475

Balance at 31 December 2025

5,538,086

1,069,923

6,608,009

Cash flows from operating activities

Cash generated from operations

1

(1,412,412

)

3,879,455

Interest paid

(334,169

)

(53,738

)

Tax paid

(1,378,714

)

(313,568

)

Net cash from operating activities

(3,125,295

)

3,512,149

Cash flows from investing activities

Purchase of intangible fixed assets

(3,688,329

)

-

Purchase of tangible fixed assets

(1,486,633

)

(72,889

)

Sale of tangible fixed assets

117,502

3,333

Interest received

4,090

6,989

Net cash from investing activities

(5,053,370

)

(62,567

)

Cash flows from financing activities

New loans in year

91,711

-

Secured loan

1,060,699

-

Introduced by group company

4,844,959

-

Repaid to group

-

(3,737,126

)

Non Controlling Interest

2,369,430

-

Deferred tax -pre acquisition

56,944

-

Net cash from financing activities

8,423,743

(3,737,126

)

Increase/(decrease) in cash and cash equivalents

245,078

(287,544

)

Cash and cash equivalents at beginning of year

2

199,151

486,695

Cash and cash equivalents at end of year

2

444,229

199,151

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31/12/25

31/12/24

£

£

Profit before taxation

3,404,198

1,572,042

Depreciation charges

1,420,185

418,775

Profit on disposal of fixed assets

(76,281

)

(2,115

)

Other provision

32,105

-

Finance costs

334,169

53,738

Finance income

(4,090

)

(6,989

)

5,110,286

2,035,451

(Increase)/decrease in stocks

(2,634,018

)

93,836

(Increase)/decrease in trade and other debtors

(4,328,145

)

1,333,275

Increase in trade and other creditors

439,465

416,893

Cash generated from operations

(1,412,412

)

3,879,455

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

444,229

199,151

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

199,151

486,695

3.	ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

199,151

245,078

444,229

199,151

245,078

444,229

Debt

Debts falling due within 1 year

-

(1,121,087

)

(1,121,087

)

Debts falling due after 1 year

-

(31,323

)

(31,323

)

-

(1,152,410

)

(1,152,410

)

Total

199,151

(907,332

)

(708,181

)

1.	STATUTORY INFORMATION

AIM Solder (UK) Ltd 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the goods are delivered and legal title is passed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Further goodwill acquired in 2015 and 2016, is carried at cost less accumulated amortisation and is being amortised evenly over its estimated useful life of 10 years.

Goodwill on consolidation has been amortised over its estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Customer lists are being amortised evenly over their estimated useful life of seven years.

Computer software is being amortised evenly over its estimated useful life of seven years.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold Property 2% on cost

Plant and machinery etc. 20% on cost,15% on reducing balance and over length of lease.

Motor vehicles 25% on reducing balance.

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 Consolidated 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.

Hire purchase and leasing commitments

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