IRIS Accounts Production v26.1.10.61 12407545 Board of Directors 1.1.25 31.12.25 31.12.25 14.7.26 0 0 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 12407545 2024-12-31 12407545 2025-12-31 12407545 2025-01-01 2025-12-31 12407545 2023-12-31 12407545 2024-01-01 2024-12-31 12407545 2024-12-31 12407545 ns15:EnglandWales 2025-01-01 2025-12-31 12407545 ns14:PoundSterling 2025-01-01 2025-12-31 12407545 ns10:Director1 2025-01-01 2025-12-31 12407545 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12407545 ns10:SmallEntities 2025-01-01 2025-12-31 12407545 ns10:Audited 2025-01-01 2025-12-31 12407545 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 12407545 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 12407545 ns10:FullAccounts 2025-01-01 2025-12-31 12407545 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 12407545 ns10:Director2 2025-01-01 2025-12-31 12407545 ns10:Director3 2025-01-01 2025-12-31 12407545 ns10:RegisteredOffice 2025-01-01 2025-12-31 12407545 ns5:CurrentFinancialInstruments 2025-12-31 12407545 ns5:CurrentFinancialInstruments 2024-12-31 12407545 ns5:Non-currentFinancialInstruments 2025-12-31 12407545 ns5:Non-currentFinancialInstruments 2024-12-31 12407545 ns5:ShareCapital 2025-12-31 12407545 ns5:ShareCapital 2024-12-31 12407545 ns5:SharePremium 2025-12-31 12407545 ns5:SharePremium 2024-12-31 12407545 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 12407545 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 12407545 ns5:CostValuation 2024-12-31 12407545 ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2025-12-31 12407545 ns5:CostValuation 2025-12-31 12407545 ns10:OrdinaryShareClass1 2025-12-31

REGISTERED NUMBER: 12407545 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

PFM UK Holding Limited

PFM UK Holding Limited (Registered number: 12407545)

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 |

PFM UK Holding Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | Mr B P J Schmitz

| Mr P J Cox

| Mr M P Hipwood

| REGISTERED OFFICE: | Unit 1 Moons Park

| Burnt Meadow Road

| Moons Moat Industrial Estate

| Redditch

| Worcestershire

| B98 9PA

| REGISTERED NUMBER: | 12407545 (England and Wales)

| AUDITORS: | Clifford Roberts - Statutory Auditor

| 63 Broad Green

| Wellingborough

| Northamptonshire

| NN8 4LQ

PFM UK Holding Limited (Registered number: 12407545)

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 378,199 |  | 1,763,492 |  |

CURRENT ASSETS

Debtors | 5 | - |  | 88,215 |  |

Cash at bank | 20 |  | 3 |  |

20 |  | 88,218 |  |

CREDITORS

Amounts falling due within one year | 6 | 403,027 |  | 3,204,718 |  |

NET CURRENT LIABILITIES | (403,007 | ) | (3,116,500 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (24,808 | ) | (1,353,008 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | 1,218,392 |  | 1,156,250 |  |

NET LIABILITIES | (1,243,200 | ) | (2,509,258 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 900 |  | 900 |  |

Share premium | 488,418 |  | 488,418 |  |

Retained earnings | (1,732,518 | ) | (2,998,576 | ) |

SHAREHOLDERS' FUNDS | (1,243,200 | ) | (2,509,258 | ) |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2026 and were signed on its behalf by:

Mr M P Hipwood - Director

PFM UK Holding Limited (Registered number: 12407545)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| PFM UK Holding 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.

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 financial statements are for an individual entity, they are presented in Sterling (£) and cover the period to 31st December each year.

| Preparation of consolidated financial statements

| The financial statements contain information about PFM UK Holding Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, PFM Global Holding B.V,, De Schans 23, Alphen aan de Rijn, 2405 XX, Netherlands.

| Significant judgements and estimates

| In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

| The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

| (a) Impairment of fixed asset investments

| The directors review the carrying amount of its fixed asset investments annually to determine whether there is any indication of impairment. If such indication exists, the recoverable amount of the investment is estimated, using directors knowledge of the business and expected future performance, in order to determine the extent of any impairment loss.

| Where the carrying value exceeds the recoverable amount, an impairment loss is recognised through the profit and loss account.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

PFM UK Holding Limited (Registered number: 12407545)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans and balances to and from related parties.

| Debt instruments (other than those wholly repayable or receivable in one year), including loans and other accounts receivable and payable, are initially measured at the present value of future cash flows and subsequently at amortised cost using the effective interest rate method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in the income statement.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| 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.

| Foreign currencies

| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. | EMPLOYEES AND DIRECTORS

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

PFM UK Holding Limited (Registered number: 12407545)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025 | 1,763,492 |  |

| Impairments | (1,385,293 | ) |

| At 31 December 2025 | 378,199 |  |

| NET BOOK VALUE

| At 31 December 2025 | 378,199 |  |

| At 31 December 2024 | 1,763,492 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | - |  | 88,215 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | - |  | 1,885 |  |

| Amounts owed to group undertakings | 17,307 |  | 2,818,234 |  |

| Other creditors | 385,720 |  | 384,599 |  |

403,027 |  | 3,204,718 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | 1,218,392 |  | 1,156,250 |  |

PFM UK Holding Limited (Registered number: 12407545)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

8. | FINANCIAL INSTRUMENTS

| The company has significant exposure to foreign currency, credit, liquidity and market risks, these are limited by the company's financial management policies and practices described below:

| Foreign currency risk

| The company has exposure to foreign currency risks as some of the company's sales and purchases are denominated in Euros. The company utilises the group operated Euro current accounts to help mitigate the risks arising from exchange rates.

| Credit risk

| The company's exposure and it's customers credit worthiness is continually monitored so that any potential problems are detected at an early stage.

| Liquidity risk

| The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves and banking facilities.

| Market risk

| There is a market risk associated with the fluctuation in demand for the products and services provided. Most of this is mitigated by monitoring the markets. The company holds no derivative financial instruments at the year end.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 900 | Ordinary | £1 | 900 |  | 900 |  |

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

| The Report of the Auditors was unqualified.

| Mr Julian Payne BA FCA (Senior Statutory Auditor)

| for and on behalf of Clifford Roberts - Statutory Auditor

11. | OTHER FINANCIAL COMMITMENTS

| DunPort Capital Management DAC holds fixed and floating charges over all the property and undertaking of the company, containing a negative pledge.

12. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| All related party transactions are considered to be conducted at arm's length and in the ordinary course of business.

13. | ULTIMATE CONTROLLING PARTY

| The company is under the ultimate control of Lexar Partners Fund I Coorporatief U.a, a venture capital investment firm based in the Netherlands.

PFM UK Holding Limited (Registered number: 12407545)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

14. | GOING CONCERN

| These accounts have been prepared on the going concern basis on the understanding that there is financial support from the group and ultimate shareholders.