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REGISTERED NUMBER: 04237189 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

AUSTIN HUGHES EUROPE LIMITED

AUSTIN HUGHES EUROPE LIMITED (REGISTERED NUMBER: 04237189) |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| AUSTIN HUGHES EUROPE LIMITED |

COMPANY INFORMATION

For The Year Ended 31 March 2026

| DIRECTORS: | C Kam Ming

| M Hennessey

| SECRETARY: | M Hennessey

| REGISTERED OFFICE: | Unit 1, Chancery Gate Business Centre

| Manor House Avenue

| Southampton

| Hampshire

| SO15 0AE

| REGISTERED NUMBER: | 04237189 (England and Wales)

| AUDITORS: | TC Group, Statutory Auditor

| Suite 4

| 2nd Floor

| New Kings Court

| Eastleigh

| SO53 3LG

AUSTIN HUGHES EUROPE LIMITED (REGISTERED NUMBER: 04237189) |

BALANCE SHEET

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 278,279 |  | 279,933 |  |

CURRENT ASSETS

Stocks | 5 | 282,327 |  | 366,635 |  |

Debtors | 6 | 786,343 |  | 967,804 |  |

Cash at bank | 1,410,693 |  | 1,171,520 |  |

2,479,363 |  | 2,505,959 |  |

CREDITORS

Amounts falling due within one year | 7 | 95,863 |  | 375,364 |  |

NET CURRENT ASSETS | 2,383,500 |  | 2,130,595 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,661,779 |  | 2,410,528 |  |

PROVISIONS FOR LIABILITIES | 393 |  | 393 |  |

NET ASSETS | 2,661,386 |  | 2,410,135 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 400 |  | 400 |  |

Retained earnings | 2,660,986 |  | 2,409,735 |  |

SHAREHOLDERS' FUNDS | 2,661,386 |  | 2,410,135 |  |

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 14 July 2026 and were signed on its behalf by:

M Hennessey - Director

AUSTIN HUGHES EUROPE LIMITED (REGISTERED NUMBER: 04237189) |

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Austin Hughes Europe 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 principal activity of the company is the manufacture and distribution of computer hardware components.

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.

| The principal accounting policies adopted are set out below.

| 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

| Going concern

| The financial statements have been prepared on a going concern basis which assumes that the company will have sufficient funds available to enable it to continue to trade for a period of at least 12 months from the date of signing this report. In making their assessment that this assumption is appropriate the directors have considered operational capacity, demand for products and finances.

| After due consideration, it is anticipated that cash flow will be sufficient to meet expected working capital movements. For this reason the financial statements have been prepared on a going concern basis.

| Turnover

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Sale of goods

| Revenue from the sale of goods is recognised on dispatch which is when all of the following conditions are considered to be satisfied:

| - the company has transferred the significant risks and rewards of ownership to the buyer;

| - the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

| - the amount of revenue can be measured reliably;

| - it is probable that the company will receive the consideration due under the transaction; and

| - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

AUSTIN HUGHES EUROPE LIMITED (REGISTERED NUMBER: 04237189) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| 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 provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings |  | Straight line over 50 years |  |

| Plant and machinery |  | 15% to 25 % reducing balance |  |

| Computer Equpment |  | Straight line over 4 years |

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the statement of income and retained earnings.

| At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Costs to sell are based on the cost of purchase on a first in, first out basis.

| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stock to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

| Financial instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loan's to related parties and investments in ordinary shares.

| Short term debtors and creditors are measured at the transaction price. Other financial instruments, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

| Financial assets and liabilities are offset and 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.

| 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.

AUSTIN HUGHES EUROPE LIMITED (REGISTERED NUMBER: 04237189) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| 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.

| 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 pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Foreign currencies

| Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

| Cash and cash equivalents

| Cash at bank and in hand 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2025 - 7 ) .

4. | TANGIBLE FIXED ASSETS

| Land and |  | Plant and |  | Computer |

| buildings |  | machinery |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2025 | 394,566 |  | 57,770 |  | - |  | 452,336 |  |

| Additions | - |  | - |  | 7,925 |  | 7,925 |  |

| Disposals | - |  | (14,640 | ) | - |  | (14,640 | ) |

| At 31 March 2026 | 394,566 |  | 43,130 |  | 7,925 |  | 445,621 |  |

| DEPRECIATION

| At 1 April 2025 | 118,210 |  | 54,193 |  | - |  | 172,403 |  |

| Charge for year | 7,891 |  | 489 |  | 377 |  | 8,757 |  |

| Eliminated on disposal | - |  | (13,818 | ) | - |  | (13,818 | ) |

| At 31 March 2026 | 126,101 |  | 40,864 |  | 377 |  | 167,342 |  |

| NET BOOK VALUE

| At 31 March 2026 | 268,465 |  | 2,266 |  | 7,548 |  | 278,279 |  |

| At 31 March 2025 | 276,356 |  | 3,577 |  | - |  | 279,933 |  |

AUSTIN HUGHES EUROPE LIMITED (REGISTERED NUMBER: 04237189) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2026

5. | STOCKS

2026 | 2025 |

£ | £ |

| Finished goods | 282,327 |  | 366,635 |  |

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

2026 | 2025 |

£ | £ |

| Trade debtors | 710,388 |  | 881,993 |  |

| Other debtors | 75,955 |  | 85,811 |  |

786,343 |  | 967,804 |  |

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

2026 | 2025 |

£ | £ |

| Trade creditors | - |  | 1,141 |  |

| Amounts owed to group undertakings | - |  | 208,124 |  |

| Corporation tax | 73,859 |  | 152,110 |  |

| Social security and other taxes | 9,060 |  | 9,055 |  |

| Other creditors | 8,014 |  | 4 |  |

| Accruals and deferred income | 4,930 |  | 4,930 |  |

95,863 |  | 375,364 |  |

8. | LEASING AGREEMENTS

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

2026 | 2025 |

£ | £ |

| Within one year | 10,045 |  | 15,450 |  |

| Between one and five years | 1,224 |  | 11,269 |  |

11,269 |  | 26,719 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 260 | Ordinary A Shares | £1 | 260 |  | 260 |  |

| 120 | Ordinary B Shares | £1 | 120 |  | 120 |  |

| 20 | Ordinary C Shares | £1 | 20 |  | 20 |  |

400 |  | 400 |  |

| The A Ordinary Shares, the B Ordinary Shares and the C Ordinary Shares shall rank pari passu in all respects.

AUSTIN HUGHES EUROPE LIMITED (REGISTERED NUMBER: 04237189) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2026

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

| The Report of the Auditors was unqualified.

| Richard Gillespie FCCA (Senior Statutory Auditor)

| for and on behalf of TC Group, Statutory Auditor

11. | RELATED PARTY DISCLOSURES

| The company has entered into transactions with related parties during the reporting period. All such transactions were conducted under normal market conditions. Accordingly, no further disclosure is required under FRS 102 Section 1A paragraph 1AC.35.

12. | ULTIMATE CONTROLLING PARTY

| The company's parent company is Austin Hughes Investments Limited, a company incorporated

| in Hong Kong.