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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2025
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PEKTRON GROUP LIMITED
COMPANY INFORMATION
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PEKTRON GROUP LIMITED
CONTENTS
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PEKTRON GROUP LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
Within this report the directors aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. Our review is consistent with the size and nature of our business and is written in the context of the risks and uncertainties we face. We are satisfied with the performance of the Company, even though turnover has decreased, as profitability remains strong with a reasonable gross margin, which is due to the composition of sales. The impact of various external events has seen challenges to the supply chain costs and delivery.
Considering the risks and uncertainties the Company has identified, we are aware that any plans for the future development of the business may be subject to unforeseen events outside our control. The Company remain confident that the uncertainties arising from any uncertainties should be able to be managed.
The Company has experienced decreased turnover levels but cashflows remain healthy. The directors have not considered it necessary to prepare formal forecasts for the Company given the overall strength of the cash position of the Company, which retains considerable levels of cash and no external debt.
We consider that our key financial performance indicators are those that communicate the financial performance and strength of the Company as a whole, these being turnover, gross margin and cash flow. Turnover has decreased by 7.8%, whilst the margin has increased by 1.4%. Overall profitability, excluding exceptionals, has remained fairly stable. Cash being generated from operating activities remains strong.
There are no other KPIs are used by the directors, although customer satisfaction is measured through the Quality Management System monitoring various criteria.
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PEKTRON GROUP LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Directors of Pektron Group Limited consider that they have acted in the way they consider, in good faith, would be the most likely to promote the success of the Company for the benefit of its members as a whole, having regard to matters set out in s172(1)(a-f) of the Companies Act 2006, in the decisions taken during the year ended 31 December 2025. In particular:
(a) Likely consequences of any decision in the long-term Our core business model and strategy are designed to secure sustainable long-term growth whilst continuing to deliver strong results in the meantime. (b) The interests of the Company’s employees Our employees are fundamental to the delivery of our strategy. We encourage employee participation and have worked hard on improving the working environment. We have regard for their interests and this has helped shaped our decision-making processes. (c) The need to foster the Company’s business relationships with suppliers, customers and others Engaging with our stakeholders is very much a part of our ethos as it strengthens our relationships and helps us make better business decisions. (d) The impact of the Company’s operations on the community and the environment We are proud to support our local community. In 2025, as part of our Corporate Social Responsibility (CSR) programme, we have donated funds to support local communities, charities and good causes. We have introduced a number of initiatives to minimise our impact on the environment, including energy saving lighting and heating at our premises and a cycle to work scheme open to all our employees. We strive to reduce the use of natural resources and generation of waste. Our environment policy states that our aim is to minimise the impacts of our operations onto the environment to protect the habitat from industrial damage. (e) The desirability of the Company maintaining a reputation for high standards of business conduct The Board is committed to achieving and maintaining high standards of business conduct, corporate governance, integrity and business ethics. A key to maintaining our reputation for high standards is to treat our customers, partners and employees fairly at all times, and our approach to conducting our business is focused on this outcome. We have designed a Risk Management Framework that is both robust and acts as an enabler to our business. This gives the Board confidence that the Company’s strategic and growth objectives can be met within our risk and business conduct framework. Pektron Group Limited has always aimed to operate with the highest integrity. We seek excellence and are proud of our business integrity and commitment to our customers. We measure customer satisfaction through our Quality Management System monitoring various criteria. This indicates that in 2025 all of our targets were achieved. (f) The need to act fairly as between members of the Company. The Company is a private limited company and the interests of the shareholders as a whole are considered so that members are treated fairly.
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PEKTRON GROUP LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
This report was approved by the board on 29 June 2026 and signed on its behalf.
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PEKTRON GROUP LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £2,600,830 (2024 - £3,093,558).
Dividends of £Nil were paid during the year (2024: £1,200,000). No further dividends are proposed for the year.
The directors who served during the year were:
The business continues to search out and win new business in all areas, however there are no likely future developments that will have a large impact on the business.
The Company's operations expose it to a variety of financial risks that include the effects of changes in debt market prices, credit risk and foreign exchange risk. The Company has a risk management programme that seeks to limit the adverse effects on financial performance by monitoring levels of finance costs and returns. The Company has implemented policies that require appropriate credit checks before a sale is made. The Company hedges its exposure to foreign currency fluctuations by using bank accounts denominated in dollars and euros.
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PEKTRON GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Company continues to invest in product research and development activities.
The Company believes in mutual respect and open, constructive dialogue. The Company believes that upholding human rights and freedoms is essential to running a successful business. The Company balances its commercial activities and providing innovative products to our customers with compliance to applicable laws. The Company prides itself in providing its associates with the professional development, support and resources they need to ensure they are successful in whatever role they fulfil.
The key to maintaining a sustainable business is to ensure the efficient and effective use of available resources is balanced with the economic requirements of the business and the expectations of interested parties. The Employee Handbook provides detailed approach to various issues affecting the Company, employees and the local and national environment. All employees are empowered to communicate with Top Management and other managers when they feel the need to do so, without any fear of reprisal, intimidation or harassment. The Company are committed to diversity. All employees at Pektron Group Limited enjoy equal opportunity, regardless of age, gender, race, religion, nationality or sexual orientation.
The Company have included details of engagement with suppliers, customers and others have been included in the Strategic Report using the provisions of section 414(c) of the Companies Act 2006.
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PEKTRON GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Company's greenhouse gas emissions and energy consumption for the year are as follows:
[1] Electricity Electricity consumption (mains supply) (purchased) 1 977 878 kWh (2024: 2 110 284 kWh) Greenhouse gas emissions 454 Tonnes CO2 (using supplier published CO2 emissions figures) (2024: 125.25 Tonnes CO2)
Methodology - using supplier published data for standard or green tariff to calculate the CO2 emissions.
For comparison, using conversion factor UK 2025 average figure 177g/kWh, emissions would be 350 Tonnes CO2. Methodology - using national conversion factors to calculate CO2 emissions. [2] Solar Photo-Voltaic generation 278 783 kWh (2024: 251 541 kWh) Greenhouse gas saving from Solar PV using conversion factor UK average figure = 49.3 Tonnes. Methodology - using national conversion factors UK 2025 average 177g/kWh to calculate CO2 emissions. [3] Gas Consumption (Natural Gas supply) 459 775 kWh (2024: 431 027 kWh) Greenhouse gas emissions 84 Tonnes CO2 (2024: 79 Tonnes) Methodology - using national conversion factors 182.96 g/kWh to calculate CO2 emissions (natural gas).
[4] Energy
Total electricity consumption [1] + [2] 2 256 661 kWh Total gas consumption [3] 459 775 kWh Total energy consumption [1] + [2] + [3] 2 716 436 kWh Energy efficiency measures: Ratio of total electricity consumption [1] + [2] (kWh) per unit sale. Ratio of electricity per unit sale in 2025 2.95 kWh per unit (comprising 593 g CO2 emissions per sale). Ratio of purchased electricity consumption [1] + [3] purchased Gas consumption in kWh per unit sale. Ratio of purchased energy (electricity + gas) per unit sale in 2025 2.58 + 0.60 = 3.18 kWh energy per unit. Comprising 593 g CO2 emissions from purchased electricity + 110 g CO2 from gas = 703 g CO2 per sale. The Company remain committed to increasing energy efficiency and is reviewing measures to achieve this.
The Company has taken advantage of the provisions of section 414(c) of the Companies Act 2006 and have disclosed matters within the Strategic Report, where applicable.
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PEKTRON GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
There have been no significant events affecting the Company since the year end.
Under section 487(2) of the Companies Act 2006, PKF Smith Cooper Audit Limited will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
This report was approved by the board on
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PEKTRON GROUP LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PEKTRON GROUP LIMITED
We have audited the financial statements of Pektron Group Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, 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 auditing the financial statements, we have concluded that the directors' 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 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 directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.
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PEKTRON GROUP LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PEKTRON GROUP LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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PEKTRON GROUP LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PEKTRON GROUP LIMITED (CONTINUED)
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 an Auditors' Report 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the Company and the Industry, we identify identify the key law and regulations affecting the Company. We identified that the principal risk of fraud or non-compliance with laws and regulations related to: • management bias in respect of accounting estimates and judgements made; • management override of control; • posting of unusual journals or transactions. We focussed on those area that could give rise to a material misstatement in the Company financial statements. Our procedures included, but were not limited to: • Enquiry of management/review of correspondence around actual and potential litigation and claims, including instances of non-compliance with laws and regulations and fraud; • Reviewing minutes of meetings of those charged with governance where available; • Reviewing legal expenditure in the year to identify instances of non-compliance with laws and regulations and fraud; • Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; • Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias and performing analytical procedures to identify any unexpected or unusual relationships that might indicate material misstatement due to fraud. In particular in relation to depreciation. It is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
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 Auditors' Report.
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PEKTRON GROUP LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PEKTRON GROUP LIMITED (CONTINUED)
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 an Auditors' Report 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.
for and on behalf of
Statutory Auditors
Prospect House
1 Prospect Place
DE24 8HG
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PEKTRON GROUP LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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PEKTRON GROUP LIMITED
REGISTERED NUMBER: 00823259
BALANCE SHEET
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 16 to 28 form part of these financial statements.
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PEKTRON GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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PEKTRON GROUP LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
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PEKTRON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Pektron Group Limited is a company limited by shares incorporated and domiciled in England and Wales. The address of the registered office is given on Company information page of the financial statements. The Company's activities are the design and manufacture of electronic components.
The financial statements are rounded to the nearest £.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has experienced positive levels of turnover and profitability and cashflows remain healthy. The directors have not considered it necessary to prepare formal forecasts for the Company given the overall strength of the cash position of the Company, which retains considerable levels of cash and no external debt.
The directors, therefore, consider that they have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Functional and presentation currency
Transactions and balances
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PEKTRON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.
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PEKTRON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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PEKTRON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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PEKTRON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic 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 the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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PEKTRON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
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PEKTRON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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PEKTRON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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PEKTRON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
There were no factors that may affect future tax charges.
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PEKTRON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 25
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PEKTRON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Included within other debtors due within one year is a loan to a director, amounting to £216,071 (2024 - £Nil) .Interest is being charged at 3% per annum and there is no fixed date for repayment.
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PEKTRON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Profit and loss account
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PEKTRON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £670,290 (2024- £731,747) .Contributions totalling £Nil (2024 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.
The Company is controlled by N,P and R Morgan.
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