Technovent Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Technovent Limited For The Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Technovent Limited For The Year Ended 31 March 2026 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Technovent Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Technovent Limited and state those matters that we have agreed to state to the directors of Technovent Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Technovent Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Technovent Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Technovent Limited . You consider that Technovent Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Technovent Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

10/07/2026

Ellis Lloyd Jones LLP

Chartered Accountants

11 Park Square

Newport

NP20 4EL

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Technovent Limited

Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: 01952632

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		45,932		51,770
Investments	6		43,809		30,000

			89,741		81,770
CURRENT ASSETS
Stocks	7	148,100		122,000
Debtors	8	296,932		279,410
Cash at bank and in hand		363,304		460,896

		808,336		862,306
Creditors: Amounts Falling Due Within One Year	9	(152,745 )		(158,796 )

NET CURRENT ASSETS (LIABILITIES)			655,591		703,510

TOTAL ASSETS LESS CURRENT LIABILITIES			745,332		785,280

NET ASSETS			745,332		785,280

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Profit and Loss Account			744,332		784,280

SHAREHOLDERS' FUNDS			745,332		785,280

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Technovent Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr L Llewellyn Director	Professor M G Waters Director
09/07/2026

The notes on pages 4 to 7 form part of these financial statements.

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Technovent Limited

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Technovent Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01952632 . The registered office is Unit 5 York Park, Bridgend Industrial Estate, Bridgend, Mid Glamorgan, CF31 3TB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The presentational currency of the financial statements is pound sterling and the figures are rounded to the nearest pound.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are patents and licenses. This was amortised to profit and loss account over the estimated useful economic life of 17 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% straight line
Plant & Machinery	10% straight line
Fixtures & Fittings	15% reducing balance
Computer Equipment	15% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Technovent Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2025: 15)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2025	10,697

As at 31 March 2026	10,697

Amortisation
As at 1 April 2025	10,697

As at 31 March 2026	10,697

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

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Technovent Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	2,985	95,798	34,981	17,074	150,838
Additions	-	-	133	-	133

As at 31 March 2026	2,985	95,798	35,114	17,074	150,971

Depreciation
As at 1 April 2025	2,985	51,741	31,187	13,155	99,068
Provided during the period	-	4,406	584	981	5,971

As at 31 March 2026	2,985	56,147	31,771	14,136	105,039

Net Book Value
As at 31 March 2026	-	39,651	3,343	2,938	45,932

As at 1 April 2025	-	44,057	3,794	3,919	51,770

6. Investments

	Listed
	£
Cost or Valuation
As at 1 April 2025	30,000
Revaluations	13,809

As at 31 March 2026	43,809

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	43,809

As at 1 April 2025	30,000

Investments are initially measured at fair value, which is normally the transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profits and loss.

7. Stocks

	2026	2025
	£	£
Materials	148,100	122,000

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Technovent Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	136,197	130,164
Prepayments and accrued income	25,954	26,417
Other debtors	8,066	6,905
VAT	6,218	-
Amounts owed by group undertakings	120,497	115,924

	296,932	279,410

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	124,939	135,175
Corporation tax	(17,566 )	(32,756 )
Other taxes and social security	13,113	11,697
VAT	-	10,095
Other creditors	10,187	13,399
Accruals and deferred income	18,225	17,339
Directors' loan accounts	3,847	3,847

	152,745	158,796

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1,000	1,000

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