Company Registration No. 00939480 (England and Wales)
CLEAR EDGE - UK LTD
DIRECTORS REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
CLEAR EDGE - UK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
Detailed trading and profit and loss account
-
CLEAR EDGE - UK LTD
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
530,617
1,061,233
Tangible assets
4
7,452
10,080
538,069
1,071,313
Current assets
Debtors
5
8,601,432
6,885,129
Creditors: amounts falling due within one year
6
(5,504,963)
(5,331,088)
Net current assets
3,096,469
1,554,041
Net assets
3,634,538
2,625,354
Capital and reserves
Called up share capital
100,001
100,001
Profit and loss reserves
3,534,537
2,525,353
Total equity
3,634,538
2,625,354

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 section 1A - small entities.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 May 2026 and are signed on its behalf by:
Mr J W Radstaak
Director
Company registration number 00939480 (England and Wales)
CLEAR EDGE - UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Clear Edge - UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/O Molecular Products Ltd, Units 2 East Point Parkway, Harlow Business Park, Harlow, Essex, CM19 5FR.

1.1
Accounting convention

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue is recognised when the company satisfies its performance obligations and transfers control of services to the customer.

Turnover includes management fees and is shown net of VAT and other applicable taxes. Management fees are recognised over time as services are provided, based on the company’s costs plus a markup.

Royalty income is recognised as other operating income, according to the terms of the agreement, typically when the licensee earns revenue, and is calculated as a percentage of that revenue plus a markup.

In previous years, service fee income related to the PCI part of the company was recognised in other operating income. During the year ended 31 December 2025, a presentational amendment was made to the financial statements to disclose all management and service fee income as turnover, with the aim of providing more clarity to users of the financial statements. This has led to a presentational adjustment in the current and comparative periods. This presentational change has no overall impact on the profit of the company.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

CLEAR EDGE - UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
10 years
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
3 - 5 years straight line
Fixtures and fittings
33% reducing balance
Computers
33% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

CLEAR EDGE - UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
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 in the company's balance sheet 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, when 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CLEAR EDGE - UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessee

Rentals payable under operating leases, including any 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 lease s asset are consumed.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the 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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
14
14
3
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 January 2025 and 31 December 2025
1,606,026
3,700,129
5,306,155
Amortisation and impairment
At 1 January 2025
1,284,818
2,960,104
4,244,922
Amortisation charged for the year
160,603
370,013
530,616
At 31 December 2025
1,445,421
3,330,117
4,775,538
Carrying amount
At 31 December 2025
160,605
370,012
530,617
At 31 December 2024
321,208
740,025
1,061,233
CLEAR EDGE - UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 January 2025
16,357
2,624
54,999
73,980
Disposals
-
0
-
0
(14,416)
(14,416)
At 31 December 2025
16,357
2,624
40,583
59,564
Depreciation and impairment
At 1 January 2025
16,357
2,624
44,919
63,900
Depreciation charged in the year
-
0
-
0
2,628
2,628
Eliminated in respect of disposals
-
0
-
0
(14,416)
(14,416)
At 31 December 2025
16,357
2,624
33,131
52,112
Carrying amount
At 31 December 2025
-
0
-
0
7,452
7,452
At 31 December 2024
-
0
-
0
10,080
10,080
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
906
Amounts owed by group undertakings
8,510,451
6,693,046
Other debtors
30,981
131,177
8,541,432
6,825,129
Deferred tax asset
60,000
60,000
8,601,432
6,885,129
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
13,398
51,349
Amounts owed to group undertakings
4,779,275
4,972,003
Corporation tax
183,779
55,976
Other taxation and social security
62,737
56,210
Other creditors
465,774
195,550
5,504,963
5,331,088

Within the amounts owed to group undertakings there is £3,497,877 due to Clear Edge Filtration Holding BV (202 4: £3,757,843 ). This relates to a revolving credit loan with interest incurred at 3.25% per annum.

CLEAR EDGE - UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its 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.

Senior Statutory Auditor:
Simon Read BA(Hons) BFP ACA
Statutory Auditor:
PM+M Solutions for Business LLP
Date of audit report:
21 May 2026
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
31,132
93,590

9
Related party transactions

The company has taken advantage of the exemption conferred by FRS 102 not to disclose transactions with 100% owned group companies on the grounds that the voting rights are controlled by the group and the subsidiaries are included in the ultimate parent company consolidated financial statements.

10
Parent company

The immediate parent company is Madison Filter 981 Limited, C/O Facet Uk Offices F13-F15, Ty Cynon, Navigation Park, Abercyon, Mid Glamorgan, United Kingdom. The smallest undertaking for which the company is a member and for which group financial statements are prepared is Filtration Group Corporation. The company's ultimate parent company and controlling party is Filtration Group Corporation, a company incorporated in the USA.

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