The directors present the strategic report for the year ended 30 June 2025.

Coherent (UK) Limited (the “company”) is a wholly owned subsidiary of Coherent (UK) Holdings Limited.

The principal activity of the company is to act as an agent for the sales, installation and servicing of scientific and commercial laser products. The products are manufactured by Coherent Group in Scotland, Germany and USA. There have not been any significant changes in the company’s principal activities in the period under review. The directors are not aware, at the date of this report, of any likely major changes in the company’s activities in the next year.

For the year ended 30 June 2025, the company’s turnover was £1,081k (2024: £1,074k). This resulted in a gross profit of £549k (2024: £547k) and an operating loss of £83k (2024: profit of £124k).

During the year, the company recognised a write-back of impairment of £11,977k (2024: £1,791k) in respect of its investment in Coherent Scotland Limited following management's assessment of the recoverable amount of the investment at 30 June 2025. As a result, profit before taxation increased to £11,946k (2024: £1,970k).

The balance sheet shows net assets of £47,992k at 30 June 2025 (2024: £35,796k).

Coherent Corp. tracks its bookings and revenue by market segment. The directors review the company’s financial performance and position together with Coherent Corp. For this reason the directors believe that further key performance indicators for the company are not necessary or appropriate for an understanding of the development, performance or position of the business. The performances of the markets which include the activities of the company are included in the Coherent Group’s Annual Report which does not form part of this report.

Competitive pressure in the market worldwide remains a continuing risk, which could result in the company losing revenue. The company relies on its parent and fellow subsidiaries managing this risk by continuing investment in research and development resulting in innovative and proprietary products and solutions that meet the needs of customers and that are based on the group's core expertise in lasers and optical technologies.

Credit risk

The company holds amounts owed by group undertakings. In the event of inability of the group undertakings to generate adequate cash flows to service these amounts, the company's financial position would be affected. An impairment assessment is performed by management on an annual basis to account for this risk ensuring that adequate provision is recorded for any amounts identified as impaired. In making their assessment, management considers, the letter of support provided by Coherent Corp, which covers the liabilities of the entity for at least 12 months from the approval of the financial statements.

Liquidity risk

Management monitors rolling forecasts of the company's cash flow requirements as part of a group and maintains committed credit facilities to cover its expected needs.

Market risk

The company is exposed to limited market risk arising from fluctuations in foreign exchange rates and interest rates on certain balances with group undertakings. These risks are monitored as part of the Coherent Group's treasury and financial management processes.

The directors have assessed the company's ability to continue as a going concern and are satisfied that it has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of these financial statements. In reaching this conclusion, the directors considered the company's financial position, expected future trading performance and the support available from the wider Coherent group. Accordingly, the financial statements have been prepared on a going concern basis. Further details are provided in note 1.2.

Directors are required to explain how they consider the interests of key stakeholders and the broader matters set out in Section 172(1)(A) to (F) of the Companies Act 2006 ("S172") when performing their duty to promote the success of the company under S172. This includes considering the interests of other stakeholders which will have an impact on the long-term success of the company.

This section explains who the company's stakeholder groups are, their material issues and how the directors engage with them, and the effect of that consideration, including on the principal decisions taken by the company during the financial year. The S172 statement focuses on matters of strategic importance to the company.

When making decisions, each director ensures that they act in the way they consider, in good faith, would most likely promote the company's success for the benefit of its members as a whole, and in doing so have regard (among other matters) to:

S172(1)(A) The likely consequences of any decision in the long term

The directors consider the long-term implications of significant decisions to support sustainable growth, financial performance and the continued success of the Company.

S172(1)(B) The interests of the employees

The directors recognise that employees are critical to the Company's long-term success and seek to provide a safe, supportive and inclusive working environment. This includes regularly engaging with employees, and investing in their professional development.

S172(1)(C) The need to foster business relationships with suppliers, customers and others

The Company acts as an agent for a fellow group undertaking, which serves as principal in its dealings with external customers. In discharging their duties under section 172 of the Companies Act 2006, the Directors recognise the importance of maintaining strong and collaborative relationships with the Group company for which services are provided, together with key suppliers, professional advisers and other stakeholders.

The Directors engage regularly with the principal Group undertaking to ensure that services are delivered efficiently, customer requirements are understood and operational objectives are aligned. The Company also seeks to maintain constructive relationships with suppliers and service providers, treating them fairly and responsibly and promoting high standards of business conduct. The Directors believe that maintaining these relationships supports the long-term success of the Company and contributes to the effective delivery of services to the wider Group and its customers.

S172(1)(D) The impact of operations on the community and the environment

The directors seek to operate responsibly and consider the environmental and wider community impact of the Company's activities where relevant.

S172(1)(E) The desirability of Coherent (UK) Limited maintaining a reputation for high standards of business conduct

The desirability of the company maintaining its reputation for high standards of business conduct is reflected in the board of directors' intention to behave responsibly and ensure that the company operates in a responsible manner wherever it has dealings with third parties.

S172(1)(F) The need to act fairly as between members of the company

As a wholly owned subsidiary company, there is no requirement to distinguish between the interests of different members of the company.

On behalf of the board

The directors present their annual report and financial statements for the year ended 30 June 2025.

The principal activity of the company is to act as an agent for the sales, installation and servicing of scientific and commercial laser products. The products are manufactured by Coherent Group in Scotland, Germany and USA. There have not been any significant changes in the company's principal activities in the period under review. The directors are not aware, at the date of this report, of any likely major changes in the company's activities in the next year.

The results for the year are set out on page 8.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

In accordance with the company's articles, a resolution proposing that Mercer & Hole LLP be reappointed as auditor of the company will be put at a General Meeting.

As the company has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

• select suitable accounting policies and then apply them consistently;

• make judgements and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

We have audited the financial statements of Coherent (UK) Limited (the 'company') for the year ended 30 June 2025 which comprise the profit and loss account, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its profit 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

• the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

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 strategic report or the directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of directors' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. These included, but were not limited to, the Companies Act 2006 and tax legislation.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and the financial report (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate entries including journals to overstate revenue or overstate expenditure and management bias in accounting estimates.

Audit procedures performed by the engagement team included:

• discussions with management, including considerations of known or suspected instances of non- compliance with laws and regulations and fraud;

• gaining an understanding of management's controls designed to prevent and detect irregularities; and

• identifying and testing journal entries based on the criteria determined in our risk assessment.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non- compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There is no comprehensive income or expenses other than the loss for the financial period. Accordingly, no statement of comprehensive income is given.

Coherent (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2, Newnham Drive, Daventry, Northamptonshire, NN11 8YN.

These financial statements have been prepared under the historical cost convention, 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.

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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

• Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

• Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

• Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Coherent Corp. These consolidated financial statements are available from its registered office, 375 Saxonburg Blvd, Saxonburg, PA 16056, USA.

The company has taken advantage of the exemption under section 401 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

The directors have assessed the company’s ability to continue as a going concern. In making this assessment, the directors have considered the company’s financial position, including the availability of support from its ultimate parent undertaking, Coherent Corp.true

The company has obtained a written letter of support from Coherent Corp., confirming its intention to provide ongoing financial support for a period of at least twelve months from the date of approval of the financial statements. The directors have also considered the financial performance and position of Coherent Corp. and are satisfied that it has the capacity to provide the necessary support.

Accordingly, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for that period. Therefore, the financial statements have been prepared on a going concern basis.

Turnover represents commission and service fee income receivable from group companies under agency arrangements. Revenue is recognised as the related services are provided.

Tangible fixed assets are stated at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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 current liabilities.

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 balance sheet 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 debtors, amounts owed by group undertakings, 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.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors and amounts owed to group undertakings, 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 creditors 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The 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 net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

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 fixed 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 pension scheme. Pension costs charged in the period represent the contributions payable by the company in respect of that period. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

The company has applied the requirements of FRS 102 section 26 'Share-based Payments'.

The parent company issues equity-settled share options to certain employees. The fair value of share-based awards is determined at the grant date, based on the parent company’s quoted share price for equity-settled restricted share units, excluding the effect of non-market-based vesting conditions. The fair value determined at grant date is expensed on a straight-line basis over the vesting period, based on the company’s estimate of the number of shares that will eventually vest, with adjustments made for the effect of non-market-based vesting conditions.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Comparative figures

During the year, the directors have reviewed the allocation of certain operating costs between cost of sales, distribution costs and administrative expenses, as well as the classification of related recharges to group companies. To ensure consistent presentation, the comparative figures have been restated accordingly.

For the year ended 30 June 2024, £281,650 has been reallocated from distribution costs to cost of sales and administrative expenses. In addition, £111,539 of recharges to group companies, previously netted within operating expenses, have been reclassified and presented as other operating income.

These reclassifications have no impact on profit, net assets or equity.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Investments are stated at cost less any provision for impairment. The directors' assessment of the recoverable amounts takes into account factors such as future trading performances which are key sources of estimation uncertainty.

Turnover represents commission and service fee income receivable from group companies under agency arrangements.

Other operating income comprises recharges of shared premises and other overhead costs to fellow group undertakings as follows:

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

Their aggregate remuneration comprised:

Options are available to UK employees over shares in its parent company.

There was 1 director remunerated by the company during the year (2024 - none). £79,508 of share options were exercised during the period (2024 - £nil).

The number of directors for the year ended 30 June for whom retirement benefits are accruing under defined contribution schemes amounted to 1 (2024 - none).

The actual (credit)/charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

The investment is in the subsidiary company shown below, which is registered in Scotland. During the year, an impairment reversal of £11,977,235 was recognised (2024: £1,791,000) following the directors' assessment of the recoverable amount of the investment at 30 June 2025. The carrying value of the investment has been increased accordingly.

Details of the company's subsidiaries at 30 June 2025 are as follows:

All amounts owed by group undertakings are unsecured and repayable on demand.

All amounts owed to group undertakings are unsecured and repayable on demand.

The provision for dilapidations relates to costs expected to be incurred on vacating leasehold premises. Costs are expected to be incurred within four years of the balance sheet date.

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

The company's other reserves are as follows:

The share premium reserve contains the premium arising on issue of equity shares net of issue expenses.

The capital redemption reserve represents the nominal value of shares repurchased by the company.

The profit and loss reserve represents cumulative profits and losses, net of dividends paid and other adjustments.

The capital contribution reserve represents funding from the parent undertaking.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

The company has taken advantage of the exemption not to disclose transactions with other wholly owned group companies.

The company’s immediate parent company is Coherent (UK) Holdings Limited, which is incorporated in the UK.

The largest group of undertakings for which group accounts are drawn up and of which the company is a member is the group headed by Coherent Corp. Copies of Coherent Corp.'s consolidated financial statements can be obtained from the company's registered office at Coherent Corp., 375 Saxonburg Blvd, Saxonburg, PA 16056, USA.

The ultimate holding company is Coherent Corp.

There is no single ultimate controlling party.