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REGISTERED NUMBER: 05551507 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

ISEO UKI LTD

ISEO UKI LTD (Registered number: 05551507)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

ISEO UKI LTD

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | R Finazzi

| C Ciquera

| L A K Ramjaun

| F Trovato

| SECRETARY: | Pramex International Ltd

| REGISTERED OFFICE: | 11 Old Jewry

| London

| EC2R 8DU

| REGISTERED NUMBER: | 05551507 (England and Wales)

| AUDITORS: | Constantin

| Chartered Accountants and Statutory

| Auditors

| 200 Aldersgate Street

| London

| EC1A 4HD

| BANKERS: | NatWest Plc

| 15 Bishopsgate

| London

| EC2P 2AP

| United Kingdom

ISEO UKI LTD (Registered number: 05551507)

Balance Sheet

31 December 2025

31.12.25 | 31.12.24 |

| Notes | € | €

CURRENT ASSETS

Stocks | - |  | 14,896 |  |

Debtors | 5 | 1,367,060 |  | 2,665,460 |  |

Cash at bank | 2,056,230 |  | 1,236,287 |  |

3,423,290 |  | 3,916,643 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,151,452 |  | 3,162,711 |  |

NET CURRENT ASSETS | 1,271,838 |  | 753,932 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,271,838 |  | 753,932 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 1,250 |  | 1,250 |  |

Retained earnings | 1,270,588 |  | 752,682 |  |

SHAREHOLDERS' FUNDS | 1,271,838 |  | 753,932 |  |

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 16 February 2026 and were signed on its behalf by:

F Trovato - Director

ISEO UKI LTD (Registered number: 05551507)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| ISEO UKI 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 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.

| All amounts are rounded to the nearest €.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

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

| - Section 33 'Related Party Disclosures': compensation for key management personnel;

| - Section 33 'Related Party Disclosures': disclosures in respect of transactions with other wholly owned members of the group;

| - Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' : disclosures in respect of financial instruments have not been presented;

| - Section 26 'Share based Payment' : disclosures in respect of share-based payments have not been presented

| Turnover

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

| 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.

ISEO UKI LTD (Registered number: 05551507)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchangeruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of thetransaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences ar dealt with in the Income Statement.

| 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.

| Employee 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 company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

| Trade and other debtors

| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using theeffective interest method less impairment losses for bad and doubtful debts except where the effect ofdiscounting would be immaterial. In such cases the receivables are stated at cost less impairment losses forbad and doubtful debts.

| Trade and other creditors

| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost usingthe effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 11 (2024 - 12 ) .

ISEO UKI LTD (Registered number: 05551507)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | TANGIBLE FIXED ASSETS

Fixtures |

and |

fittings |

| €

| COST

| At 1 January 2025

| and 31 December 2025 | 11,245 |  |

| DEPRECIATION

| At 1 January 2025

| and 31 December 2025 | 11,245 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | - |  |

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

31.12.25 | 31.12.24 |

| € | €

| Trade debtors | 826,838 |  | 677,631 |  |

| Amounts owed by group undertakings | 419,890 |  | 1,932,050 |  |

| Other debtors | 3,645 |  | 4,864 |  |

| Prepayments | 116,687 |  | 50,915 |  |

1,367,060 |  | 2,665,460 |  |

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

31.12.25 | 31.12.24 |

| € | €

| Bank loans and overdrafts | 997 |  | - |  |

| Trade creditors | 169,245 |  | 1,463,931 |  |

| Amounts owed to group undertakings | 1,013,668 |  | 484,915 |  |

| Tax | 173,143 |  | 92,357 |  |

| PAYE | 23,265 |  | 19,413 |  |

| VAT | 294,019 |  | 683,249 |  |

| Other creditors | 6,455 |  | 7,665 |  |

| Accruals | 136,965 |  | 94,443 |  |

| Deferred Income | 333,695 |  | 316,738 |  |

2,151,452 |  | 3,162,711 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 | 31.12.24 |

value: |  | € | €

| 1,250 | Ordinary | £1 | 1,250 |  | 1,250 |  |

ISEO UKI LTD (Registered number: 05551507)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

| The Report of the Auditors was unqualified.

| Charlotte McFadyen (Senior Statutory Auditor)

| for and on behalf of Constantin

9. | RELATED PARTY DISCLOSURES

| The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group undertakings.

10. | ULTIMATE CONTROLLING PARTY

| The company's immediate parent undertaking is ISEO SERRATURE SPA, a company registered and incorporated in Italy.

| The company's ultimate parent undertaking and ultimate controlling party is GEVA S.R.L., a company registered in Italy.

| The company's results are consolidated within the GEVA S.R.L. group financial statements, which can be obtained from the Registered Office Brescia - Piazza Vittoria, 9 ITALY.

11. | CONTROLLING INTEREST

| The company, being a subsidiary of the Geva SRL Group, is controlled by the Facchinetti family (the ultimate owner of the Geva SRL Group).

12. | GOING CONCERN

| The assignment of new projects has further improved the company's performance with the solutions for key customers, operating in energy, telecommunications and transport sectors, increasingly focused on the implementation of access control solutions by using the intelligent keys ("smart keys") to replace old mechanical systems.

| Further, the collaboration with Sofia S.r.l., which joined the "Iseo" group in 2021, the management aims to strength its position in access management with integrated solutions.

| In assessing whether the going concern basis is appropriate, the directors take into account all available information about the future, which is at least, but is not limited to, 12 months from the date of signing these financial statements.

| The financial statements have been prepared on the going concern basis, which the directors believe to be appropriate. The directors continue to monitor the company's funding strategy and have prepared forecasts which underpin the going concern basis for the company.

| Considering all the factors, the company concluded that it will continue its operations in the future and that there is no risk of going concern.

13. | POST BALANCE SHEET EVENTS

| The company has no post balance sheet events to report.