PBT Group (UK) Limited

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—5

1. General Information

PBT Group (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10470058 . The registered office is 2nd Floor Stanley House, London Road, Hook, Hampshire, RG27 9GA.

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 accounts are prepared in British Pound Sterling and the accounts are prepared to the nearest pound.

2.2. Going Concern Disclosure

The directors believe that the company has adequate financial resources to continue in operation for the foreseeable future and accordingly the financial statements have been prepared on a going concern basis. The directors is satisfied is that the company is in a sound financial position and that it has access to sufficient borrowing facilities to meet its foreseeable cash requirements. The directors is not aware of any new material changes that may adversely impact the company. The directors is also not aware of any material non-compliance with statutory or regulatory requirements or of any pending changes to legislation which may affect the company.

2.3. Turnover

Rendering of services

The company recognises revenue from the following major sources:

• time and material contracts

• fixed price contracts

Revenue from time and material contracts as well as fixed price contracts is recognised on an over time basis, as the customer simultaneously receives and consumes the service that the Company provides.

Revenue from providing services is recognised in the accounting period in which the service is rendered, i.e. when the performance obligation of the contract is met.

For time and material contracts, revenue is recognised as and when the service is provided, based on the number of hours worked per resource. For fixed price contracts, revenue is recognised monthly at a fixed amount per the contract as and when the service is provided.

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:

Computer Equipment

25% straight line

2.5. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.

Cash and cash equivalents are short term, highly liquid investments that are readily convertible to known amounts of cash.

Basic financial assets

Basic financial assets, which include debtors, loans to related parties and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade creditors and other payables, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities classified as payable within one year are not amortised.

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PBT Group (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2025	991

As at 31 March 2026	991

Depreciation
As at 1 April 2025	805
Provided during the period	185

As at 31 March 2026	990

Net Book Value
As at 31 March 2026	1

As at 1 April 2025	186

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PBT Group (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	161,479	157,236
Prepayments and accrued income	656	1,241
Deposit - Regus	132	132
Amounts owed by group undertakings	310,485	496,517

	472,752	655,126

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	953	642
Amounts owed to group undertakings	67,707	350,211
Other creditors	17,855	24,282
Taxation and social security	46,781	62,816

	133,296	437,951

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

The company has taken advantage of the exemption in FRS102 Section 1A paragraph 1AC.35.

Fellow subsidiary - company under common control

During the year PBT Group UK transferred cash to a fellow group company in order to support them. This amount has been subject to interest, revaluation and consolidation during the year. At the year end £244,297 was owed to the company (2025 - £415,883).

The loan is unsecured, bears interest at a rate of 2% per annum and has no fixed terms of repayment. The amount of interest charged in the year was £7,046 (2025: £4,734).

Holding company

In the previous year the company had excess funds and these were used to clear two outstanding loans owned by the holding company. These are as follows:

loan to a company previously part of the group, totalling £51,101.96. It ceased to be part of the group on 30 September 2023.

loan to a fellow group company Ltd totalling £11,327.89.

At the year end £66,188 was owed to the company by the holding company. This amount has been subject to interest, revaluation and consolidation during the year (2025- £62,200).

The loan is unsecured, bears interest at a rate of 2% per annum and has no fixed terms of repayment. The amount of interest charged in the year was £1,285 (2025: £1,074).

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PBT Group (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Ultimate Parent Undertaking and Controlling Party

The company's immediate parent is PBT International Holdings Besloten Vennootschap, incorporated in The Netherlands. The registered office is Keizersgracht 62, 1015CS Amsterdam, The Netherlands.

The ultimate parent is PBT Holdings Limited, incorporated in South Africa and is publicly traded on the Johannesburg stock exchange. The registered office is 2 Mews Close, Waterford Mews, Century City, 7441, South Africa.

10. Audit Information

The auditor's report on the accounts of PBT Group (UK) Limited for the year ended 31 March 2026 was unqualified.

The auditor's report was signed by Spencer Watson FCA (Senior Statutory Auditor) for and on behalf of Buckley Watson Limited , Statutory Auditor.

Buckley Watson Limited

57a Broadway

Leigh on Sea

SS9 1PE

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1		186

			1		186
CURRENT ASSETS
Debtors	5	472,752		655,126
Cash at bank and in hand		42,861		120,258

		515,613		775,384
Creditors: Amounts Falling Due Within One Year	6	(133,296 )		(437,951 )

NET CURRENT ASSETS (LIABILITIES)			382,317		337,433

TOTAL ASSETS LESS CURRENT LIABILITIES			382,318		337,619

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(46 )

NET ASSETS			382,318		337,573

CAPITAL AND RESERVES
Called up share capital	7		100		100
Income Statement			382,218		337,473

SHAREHOLDERS' FUNDS			382,318		337,573