These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

C G C Technology Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8th Floor 2 New Bailey, 6 Stanley Street, Salford, Greater Manchester, M3 5GS.

The Company’s principal activity was the manufacture and innovation of satellite tracking antennas, radomes, and other ground segment equipment. During the year, the Company began winding down its operations

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in United States Dollars ($), which is the presentational currency of the company and group as a majority of the group's transactions are based on the USD and the ultimate parent resides in the United States. 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 (see note 2).

Financial reporting standard 102 - reduced disclosure exemptions

In preparing these financial statements, the Company has taken advantage of the disclosure exemptions available under FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as permitted for qualifying entities. The Company has applied the exemptions in respect of the following disclosures:

• The requirements of Section 7: Statement of Cash Flows;

• The requirements of Section 3: Financial Statement Presentation, paragraph 3.17(d);

• The requirements of Section 11: Basic Financial Instruments, paragraphs 11.42 to 11.45, 11.47, 11.48(a)(iii), and 11.48(c);

• The requirements of Section 12: Other Financial Instruments Issues, paragraphs 12.26 to 12.27, 12.29(a), 12.29(b), and 12.29A;

• The requirements of Section 33: Related Party Disclosures, paragraph 33.7.

This information is included in the consolidated financial statements of Comtech Telecommunications Corp. as at 31 July 2025 and these financial statements may be obtained from 305 N 54th Street, Chandler, Arizona, 85226, United States.

Although trading has ceased, the Company has continued to incur ongoing expenses during the financial year. Subsequent to the year end, the Directors have decided to place the Company into liquidation. Formal liquidation proceedings are expected to commence after the submission of these financial statements. Accordingly, the Company is no longer considered to be a going concern.true

The accompanying audited financial statements have therefore not been prepared on a going concern basis. The Director is of the opinion that no adjustments are required to the financial statements as a result of the use of a basis other than going concern.

As of the approval date of the financial statements, management evaluated the Company’s financial position and determined that adverse conditions, including continued operating losses and a net liability position, indicate that the Company would be unable to continue in operational existence for the foreseeable future.

During the current financial year, the Company incurred a net loss of $15,925,363 (2024: $26,568,272). In addition, the Company’s net liabilities were $77,881,089 (2024: $61,955,726). These conditions further support the conclusion that the going concern basis is no longer appropriate.

While financial support from the ultimate parent, Comtech Telecommunications Corp., was available during the year to assist the Company in meeting its obligations, such support will cease upon the commencement of liquidation proceedings.

Management has therefore concluded that the Company will be unable to discharge its liabilities in the normal course of business, and the financial statements have therefore not been prepared on a going concern basis.

The Company ceased trading during the year and no longer generates revenue from ongoing operations.

Any amounts recognised in revenue during the year relate primarily to adjustments to previously recognised income, including contract settlements, write-offs, and credit notes issued as part of the wind-down process.

Revenue is recognised when the right to consideration is established or adjusted to reflect the outcome of contract realisations. Revenue is stated exclusive of Value Added Tax and trade discounts.

Research expenditures are written off against profits in the year incurred. Identifiable development expenditures are capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

During the year, all intangible assets were derecognised of as part of the cessation of trading and wind-down of operations.

As at the reporting date, no intangible assets remain. No amortisation or impairment is charged for the year. Assets are measured at their estimated recoverable amounts realised prior to disposal.

During the year, all property, plant and equipment were disposed of as part of the cessation of trading and wind-down of operations.

As at the reporting date, no tangible assets remain. No depreciation is charged for the year. Assets are measured at their estimated recoverable amounts realised prior to disposal, and the financial statements reflect the proceeds from disposal.

Inventories are stated at the lower of costs and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the costs of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash without significant risk of change in value.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets, which include trade and other receivables 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 unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and nonmonetary items measured at fair value are translated using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'administrative expenses'.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable 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.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

In preparing these financial statements, the directors have had to make the following adjustments:

• Determine whether there are indicators of impairment of the Company's tangible and intangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash generating unit, the viability and expected future performance of that unit.

• Determine whether leases entered into by the Company as a lessor or a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

Other key sources of estimation uncertainty

• Revenue Recognition (note 3)

Following the cessation of trading, the Company recognised adjustments to previously reported revenue, including contract write-offs, credit notes and settlement of customer arrangements. Management exercised judgement in determining the extent of revenue reversals required, based on the status of contracts, negotiations with customers and the recoverability of amounts previously recognised. The final outcome of certain contract positions could differ from the estimates made.

• Property, Plant and Equipment and Intangible Assets (notes 7 and 8)

During the year, the Company disposed of its property, plant, and equipment and wrote off all intangible assets as part of the wind-down of operations. As the Company is no longer considered a going concern, these assets were measured at their estimated recoverable amounts immediately prior to disposal or write-off. No depreciation or amortisation is applicable at year-end as no tangible or intangible assets remain.

• Inventories (note 9)

During the year, all inventories were disposed as part of the cessation of trading activities. Inventories were measured at their estimated net realisable value prior to disposal. No inventory balances remain at the reporting date.

• Trade debtors impairment loss (note 10)

Trade debtors are reviewed for impairment loss on an annual basis and provision is made for any balances where there is uncertainty against the recoverability of the balance. This methodology is applied on a customer by customer basis.

• Provisions (note 12)

The Company previously recognised provisions for warranty obligations based on historical sales. During the year, the Company's remaining warranty obligations were transferred to Comtech Systems, Inc., which assumed responsibility for such obligations as part of the cessation of the Company's trading activities. Accordingly, the Company no longer has an obligation in respect of these warranties and the provision has been fully released. No provision balance remains at the reporting date.

The average monthly number of persons (including directors) employed by the company during the year was:

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 July 2025 and of its loss for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.

The Company has continued to incur expenses in connection with its winding-down activities. The Directors have indicated their intention to place the Company into liquidation. As at the date of approval of these financial statements, the formal liquidation process has not yet commenced and is expected to begin following the submission of these financial statements.

Subsequent to the reporting date, the Company also entered into an agreement with the lessor to surrender the lease of its premises at 1 Tyson Park, Crockford Lane, Chineham, Basingstoke, RG24 8BY. Under the terms of the agreement, the Company was released from its future obligations under the lease in consideration for a lease surrender payment of approximately $1.6 million (£1.2 million), excluding recoverable VAT.

These events are considered to be non-adjusting events after the reporting period. Accordingly, the financial statements do not reflect the assets or liabilities arising from the liquidation or the lease surrender.

The immediate parent of the company is Comtech UK Holdings Limited, a company registered in England and Wales. The ultimate controlling party of the company is Comtech Telecommunications Corp., a company registered in the USA. This is the smallest and largest group for which consolidated financial statements are prepared. Consolidated financial statements for Comtech Telecommunications Corp. can be obtained from 305 N 54th Street, Chandler, Arizona, 85226, United States.

The company has taken advantage of the exemption available under paragraph 33.1A of the financial reporting standard 102 not to disclose transactions with other wholly owned members of the group.