Company No: 15220609 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	O J Cripps
	A Shojaat

Registered office	Unit C3
	Woolborough Lane
	Crawley
	West Sussex
	RH10 9AG
	United Kingdom

Company number

15220609 (England and Wales)

Accountant	Kreston Reeves LLP
	Projects Nile House
	Nile Street
	Brighton
	BN1 1HW

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pioneer Aero UK Limited for the financial year ended 31 December 2025 which comprise the Balance Sheet and the related notes 1 to 8 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm 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 www.icaew.com/regulation.

This report is made solely to the Board of Directors of Pioneer Aero UK Limited, as a body, in accordance with the terms of our engagement letter dated 20 November 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Pioneer Aero UK Limited and state those matters that we have agreed to state to the Board of Directors of Pioneer Aero UK 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 Pioneer Aero UK Limited and its Board of Directors as a body for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the financial statements of Pioneer Aero UK 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 statutory financial statements.

Kreston Reeves LLP

Projects Nile House
Nile Street
Brighton
BN1 1HW

30 July 2026

	Note	31.12.2025		31.12.2024
		£		£
Current assets
Debtors	3	100,429		3,874
Cash at bank and in hand	4	151,613		74,217
		252,042		78,091
Creditors: amounts falling due within one year	5	( 113,260)		( 48,904)
Net current assets		138,782		29,187
Total assets less current liabilities		138,782		29,187
Net assets		138,782		29,187
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		138,682		29,087
Total shareholders' funds		138,782		29,187

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Pioneer Aero UK Limited (registered number: 15220609) were approved and authorised for issue by the Board of Directors on 30 July 2026. They were signed on its behalf by:

O J Cripps Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Pioneer Aero UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit C3, Woolborough Lane, Crawley, West Sussex, RH10 9AG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest whole Pound (£).

Going concern

The directors continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Income and Retained Earnings.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Leases

The Company as lessee
Payments under operating leases, primarily relating to property leases, are recognised as an expense in the profit and loss account on a straight‑line basis over the lease term.

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 creditors: amounts falling due within one year.

2. Employees

	Year ended 31.12.2025		Period from 18.10.2023 to 31.12.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	10		3

3. Debtors

	31.12.2025		31.12.2024
	£		£
Other debtors	100,429		3,874

4. Cash and cash equivalents

	31.12.2025		31.12.2024
	£		£
Cash at bank and in hand	151,613		74,217

5. Creditors: amounts falling due within one year

	31.12.2025		31.12.2024
	£		£
Trade creditors	38,671		0
Amounts owed to Group undertakings	0		4,096
Taxation and social security	70,989		41,742
Other creditors	3,600		3,066
	113,260		48,904

6. Called-up share capital

	31.12.2025		31.12.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	31.12.2025		31.12.2024
	£		£
Within one year	138,527		0
Between one and five years	554,108		0
After five years	553,589		0
Total future minimum lease payments under non-cancellable operating leases	1,246,224		0

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

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 £15,705 (2024: £5,579). The amount outstanding at the end of the year was £nil (2024: £nil).

8. Related party transactions

Other related party transactions

Pioneer Aero Supply LLC
(Parent Company)
All turnover for the year arose from services provided to the Company’s parent undertaking (2024: £421,157).

In the prior year, Pioneer Aero Supply LLC provided an unsecured, interest‑free loan to Pioneer Aero UK Limited, which was repayable on demand.

During the year, the parent company waived repayment of the loan and the outstanding balance of £2,727 was written off. At the balance sheet date there was no amount owed to Pioneer Aero Supply LLC (2024: £4,097).