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REGISTERED NUMBER: 03059742 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST DECEMBER 2025 |

| FOR |

| WESTERMO DATA COMMUNICATIONS LIMITED |

WESTERMO DATA COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03059742)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

WESTERMO DATA COMMUNICATIONS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2025

| DIRECTOR: | K J Inestam

| SECRETARY: | K J Inestam

| REGISTERED OFFICE: | Talisman Business Centre Duncan Road

| Park Gate

| Southampton

| Hampshire

| SO31 7GA

| REGISTERED NUMBER: | 03059742 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Kerry Lawrance FCA

| AUDITORS: | Compass Accountants Limited

| Chartered Accountants and Statutory Auditors

| Venture House

| The Tanneries

| East Street

| Titchfield

| Hampshire

| PO14 4AR

WESTERMO DATA COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03059742)

BALANCE SHEET

31ST DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 20,975 |  | 27,662 |  |

CURRENT ASSETS

Stocks | 170,765 |  | 111,004 |  |

Debtors | 5 | 1,995,680 |  | 2,067,843 |  |

Cash at bank | 4,799 |  | 2,419 |  |

2,171,244 |  | 2,181,266 |  |

CREDITORS

Amounts falling due within one year | 6 | 764,372 |  | 711,540 |  |

NET CURRENT ASSETS | 1,406,872 |  | 1,469,726 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,427,847 |  | 1,497,388 |  |

PROVISIONS FOR LIABILITIES | 5,244 |  | 6,916 |  |

NET ASSETS | 1,422,603 |  | 1,490,472 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 50,000 |  | 50,000 |  |

Retained earnings | 1,372,603 |  | 1,440,472 |  |

SHAREHOLDERS' FUNDS | 1,422,603 |  | 1,490,472 |  |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th June 2026 and were signed by:

K J Inestam - Director

WESTERMO DATA COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03059742)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. | STATUTORY INFORMATION

| Westermo Data Communications 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.

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

| The 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 £.

| The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

| This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

| Section 7 'Statement of Cash Flows': Presentation of a statement of cash flow and related notes and disclosures;

| Section 33 'Related Party Disclosures'.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| 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. The fair value of consideration takes into account trade discounts, settlements, discounts and volume rebates.

| When cash inflows are deferred and represent a financing arrangement, the fair value of consideration is the present value of future receipts. The difference between fair value of the consideration and the nominal amount received is recognised as interest income.

| 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 of the transaction 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.

| Improvements to property | - | Straight line over useful economic life

| Fixtures and fittings | - | 20% on cost

| Computer equipment | - | 33.3% on cost

WESTERMO DATA COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03059742)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are stated at the lower of costs and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Stocks held for distribution at no nominal consideration are measured at the lower of costs and replacement cost, adjusted where applicable for any loss of service potential.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

| Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

WESTERMO DATA COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03059742)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Basic 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.

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where 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.

| The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 16 (2024 - 17 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1st January 2025 | 101,004 |  | 141,768 |  | 132,387 |  | 375,159 |  |

| Additions | - |  | - |  | 3,851 |  | 3,851 |  |

| At 31st December 2025 | 101,004 |  | 141,768 |  | 136,238 |  | 379,010 |  |

| DEPRECIATION

| At 1st January 2025 | 101,004 |  | 127,641 |  | 118,852 |  | 347,497 |  |

| Charge for year | - |  | 3,969 |  | 6,569 |  | 10,538 |  |

| At 31st December 2025 | 101,004 |  | 131,610 |  | 125,421 |  | 358,035 |  |

| NET BOOK VALUE

| At 31st December 2025 | - |  | 10,158 |  | 10,817 |  | 20,975 |  |

| At 31st December 2024 | - |  | 14,127 |  | 13,535 |  | 27,662 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 729,555 |  | 742,974 |  |

| Amounts owed by group undertakings | 1,189,384 |  | 1,150,259 |  |

| Other debtors | 76,741 |  | 174,610 |  |

1,995,680 |  | 2,067,843 |  |

WESTERMO DATA COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03059742)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

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

2025 | 2024 |

£ | £ |

| Trade creditors | 118,033 |  | 19,235 |  |

| Amounts owed to group undertakings | 140,560 |  | 261,005 |  |

| Taxation and social security | 325,213 |  | 310,089 |  |

| Other creditors | 180,566 |  | 121,211 |  |

764,372 |  | 711,540 |  |

7. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 111,907 |  | 102,045 |  |

| Between one and five years | 31,976 |  | 64,562 |  |

143,883 |  | 166,607 |  |

| Rentals payable under operating leases, including and 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 leases asset are consumed.

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| 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.

| Kerry Lawrance FCA (Senior Statutory Auditor)

| for and on behalf of Compass Accountants Limited

10. | ULTIMATE CONTROLLING PARTY

| Expendion AB (incorporated in Sweden) is regarded by the director as being the company's ultimate parent company.

| Expendion AB is the smallest and largest group to consolidate the results of the company.

| Expendion AB is listed on the NASDAQ, Stockholm, where the consolidated accounts are publicly available.

| The company is under the control of its parent company Westermo Network Technologies AB.