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Registered number:
For the Year Ended
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Company Information
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Contents
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Strategic Report
For the Year Ended 31 December 2025
The directors present their Strategic Report and the financial statements for the year ended 31 December 2025.
The principal activity of the company is a non-trading intermediate holding company within the Coretronic Corporation Group. The company is the parent company of Optoma Holding Limited.
Accounts are prepared under FRS 101 – Reduced Disclosure Framework and the directors have taken advantage of the disclosure exemptions allowed under this standard. The results of the company are shown in the Profit and Loss Account. The loss for the year after taxation amounted to USD 33,888 (2024: USD 58,107). No dividends have been paid or declared during the current or prior year.
As a holding company, the principal risks and uncertainties are primarily driven by the performance of the subsidiary entities.
Financial risk The company may be subject to liquidity risks whereby it may not be able to meet its obligations associated with financial liabilities. The company mitigates this risk through the receipt of dividends from its trading subsidiary undertakings and financial support from the ultimate parent company.
As a holding company, the company does not have any significant key performance indicators.
Section 172 of the Companies Act 2006 requires the directors to act in a way they consider, in good faith, to be most likely to promote the success of the company for the benefit of all stakeholders.
The company’s directors promote good corporate governance and the composition of the board of directors listed on page 2 allows the company to effectively run the business where directors are collectively responsible for the long-term success of the company. The company’s board of directors have put in place a process to monitor and assess the capital requirements and the risk controls to allow its business to continue to operate under existing and projected, market and business conditions.
This report was approved by the board and signed on its behalf.
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Directors' Report
For the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
The loss for the year, after taxation, amounted to $33,888 (2024 - loss $58,107).
No dividends have been paid or declared during the current or prior year.
The directors who served during the year were:
The directors aim to ensure that the subsidiary undertakings are maintained and developed to continue to drive the Optoma group in a positive direction, through the continued introduction of new higher specification products. The company will provide business strategic direction and governance to the Optoma group to help achieve the future targets.
In determining the appropriate basis of preparation for the financial statements for the year ended 31 December 2025, the Directors have considered whether the company can continue in operational existence for a period of 12 months from the signing date of these financial statements. As the Company does not trade and as a result relies on the support from the ultimate parent company, it has received a letter of support from its ultimate parent company, Coretronic Corporation (a company incorporated in Taiwan), confirming it will provide the financial support necessary for the Company to meet its liabilities as and when they become due for a period of 12 months from the signing date of these financial statements. Coretronic Corporation is a profitable company and has adequate net assets in its financial position and therefore directors believe that the ultimate parent company has sufficient funds to support the cash outflows of the company.
After making enquiries and reviewed the Company’s forecast, along with a letter of support confirming financial support will be provided by the ultimate parent company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence throughout the period of assessment for a period of 12 months from the signing date of these financial statements. Accordingly, these financial statements have been prepared on a going concern basis.
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Directors' Report (continued)
For the Year Ended 31 December 2025
An announcement was made on 27th April 2026 that the ultimate parent company, Coretronic Corporation, approved a plan to establish an investment holding company, CoreIntelligence Holdings Corporation, to enhance the efficiency of the Group’s strategic planning and increase flexibility in the development of new businesses. This plan was approved by the local government agencies in Taiwan on 29th July 2026.
The directors are not aware of any other significant events after the balance sheet date which would require adjustment or disclosure in these Financial Statements.
The auditor, Ernst & Young LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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Statement of Director's Responsibilities
For the Year Ended 31 December 2025
The directors are responsible for preparing the Strategic Report, the Directors' 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. 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 judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards, including FRS 101, have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business;
∙present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;
∙provide additional disclosures when compliance with the specific requirements in FRS 101 is insufficient to enable users to understand the impact of particular transactions, other events and conditions on the company financial position and financial performance.
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 to 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.
Under applicable law and regulations, the directors are also responsible for preparing a Strategic Report, Directors’ Report that comply with that law and those regulations. The directors are responsible for the maintenance and integrity of the corporate and financial information.
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Independent Auditor's Report to the Members of Coretronic Investment Limited
We have audited the financial statements of Coretronic Investment Limited (the 'Company') for the year ended 31 December 2025, which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes 1 to 10, including material accounting policy information. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’ (United Kingdom Generally Accepted Accounting Practice).
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 United Kingdom, including the Financial Reporting Council'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.
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 12 months from the signing date of these financial statements.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. However, because not all future events or conditions can be predicted, this statement is not a guarantee as to the company’s ability to continue as a going concern.
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Independent Auditor's Report to the Members of Coretronic Investment Limited (continued)
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.
In our opinion, based on the work undertaken in the course of the 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.
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Independent Auditor's Report to the Members of Coretronic Investment Limited (continued)
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.
Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management. • We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant are those that relates to the reporting framework (FRS 101, the Companies Act 2006) and relevant tax laws and regulations in the United Kingdom. • We understood how Coretronic Investment Limited is complying with those frameworks by making enquiries of management to understand the process in place to maintain and communicate its policies and procedures in these areas. We corroborated our enquires through our review of board minutes, correspondence with relevant authorities and supporting documentation, and noted that there was no contradictory evidence. • We assessed the susceptibility of the company’s financial statements to material misstatement, including how fraud might occur by discussing with senior finance personnel and those charge with governance as to the rationale behind the specific accounting transactions and obtaining corroborating evidence. We confirmed a sample of transactions back to source documentation or independent confirmation. • Based on this understanding we designed our audit procedures to identify noncompliance with such laws and regulations. Our procedures involved o Enquiry of management and those charged with governance as to any fraud identified or suspected in the period, any actual or potential litigation, claims or breaches of significant laws or regulations applicable to the Company; o Auditing the risk of management override, through testing of a sample of journal entries and other adjustments for appropriateness; o Enquiry of management, coupled with testing of journal entries, in order to identify and understand any significant transactions outside of the normal course of business; o Challenging the judgements made by management through corroborating the basis for those judgements and considering contradicting evidence; and o Reading financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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Independent Auditor's Report to the Members of Coretronic Investment Limited (continued)
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.
for and on behalf of Ernst & Young LLP (Statutory Auditor)
Cambridge
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Profit and Loss Account
For the Year Ended 31 December 2025
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Statement of Comprehensive Income
For the Year Ended 31 December 2025
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Balance Sheet
As at
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 13 to 19 form an integral part of these financial statements.
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The notes on pages 13 to 19 form an integral part of these financial statements.
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Notes to the Financial Statements
For the Year Ended 31 December 2025
The company is a private company limited by share capital and is incorporated in England & Wales. These financial statements are prepared in accordance with Financial Reporting Standard 101 Reduced Disclosure Framework (‘FRS 101’) applicable in the UK and Ireland, and the Companies Act 2006.
The company’s financial statements are presented in USD, which is the functional currency of the company. The company has taken advantage of exemption under S401 of Companies Act 2006 not to prepare group accounts as it is a wholly owned subsidiary of Coretronic Corporation (note 10).
2.Accounting policies
The company’s functional currency is USD.
The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions under FRS 101:
∙the requirements of IFRS 7 Financial Instruments: Disclosures
∙the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement
∙the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of:
- paragraph 79(a)(iv) of IAS 1;
∙the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements
∙the requirements of IAS 7 Statement of Cash Flows
∙the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
∙the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
∙the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member
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Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
In determining the appropriate basis of preparation for the financial statements for the year ended 31 December 2025, the Directors have considered whether the company can continue in operational existence for a period of 12 months from the signing date of these financial statements. As the Company does not trade and as a result relies on the support from the ultimate parent company. The Company has received a letter of support from its ultimate parent company, Coretronic Corporation (a company incorporated in Taiwan), confirming it will provide the financial support necessary for the Company to meet its liabilities as and when they become due for a period of 12 months from the signing date of these financial statements. Coretronic Corporation is a profitable company and has adequate net assets in its financial position and therefore directors believe that the ultimate parent company has sufficient funds to support the cash outflows of the Company.
After making enquiries and reviewed the Company’s forecast, along with the financial support of the ultimate parent company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence throughout the period of assessment through to a period of 12 months from the signing date of these financial statements. Accordingly, these financial statements have been prepared on a going concern basis.
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. The Directors have reviewed all the assets and liabilities at the Balance Sheet date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from these estimates. The primary area of significant estimation for the company is the valuation of investments and whether the value in use for each of the subsidiaries supports the value recorded.
The company is exempt from the requirement to prepare group financial statements under section 401 of the Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about its group.
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Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
The company discloses transactions with related parties that are not wholly owned within the same group. It does not disclose transactions with members of the same group that are wholly owned.
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Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
Financial assets Basic financial assets, including debtors, amounts due to Group undertakings and cash and bank balances are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method and assessed for objective evidence of impairment or impairment reversal at the end of each reporting period. Financial assets are derecognised when the contractual rights to the cash flows from the asset expire, are settled or substantially all the risks and rewards of ownership of the asset are transferred. Financial liabilities Basic financial liabilities, including trade and other payables and amounts due to related parties are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where the debt is measured at the present value of the future receipts discounted at a market rate of interest. Trade and other payables and loans are subsequently carried at amortised cost, using the effective interest rate method. Derivative including forward foreign currency contracts are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently remeasured at their fair value. Changes in the fair value of derivative are recognised in profit or loss unless they are included in a hedging arrangement.
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Notes to the Financial Statements
For the Year Ended 31 December 2025
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Notes to the Financial Statements
For the Year Ended 31 December 2025
In 2025 and 2024, Optoma Holding Limited acquired and then cancelled shares from employees under Share-based payment plans, which resulted in the ownership percentage of Optoma Holding Limited increased by 2.63% and 0.68%, respectively.
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Notes to the Financial Statements
For the Year Ended 31 December 2025
The company’s immediate parent undertaking are Coretronic Corporation and Young Lighting Limited. The ownership of Coretronic Investment Limited is 38.64% and 61.36%, separately.
The company’s ultimate parent undertaking and controlling party is Coretronic Corporation, a company incorporated in Taiwan. Young Lighting Limited is incorporated in Samoa. The financial statements of Coretronic Corporation are available to the public and may be obtained from 11 Li-Hsin Road, Science Park, Hsin Chu, Taiwan ROC. An announcement was made on 27th April 2026 that the ultimate parent company, Coretronic Corporation, approved a plan to establish an investment holding company, CoreIntelligence Holdings Corporation, to enhance the efficiency of the Group’s strategic planning and increase flexibility in the development of new businesses. This plan was approved by the local government agencies in Taiwan on 29th July 2026.
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