ACCOUNTS - Final Accounts preparation

Registered number: 08709481

GTK (HOLDCO) LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

GTK (HOLDCO) LIMITED

COMPANY INFORMATION

Directors	J E Morath
	J Boaden


Registered number	08709481


Registered office	Unit C2 Antura
	Bond Close
	Basingstoke
	Hampshire
	RG24 8PZ


Independent auditors	James Cowper Kreston Audit
	Chartered Accountants and Statutory Auditor
	Apex
	Forbury Road
	Reading
	Berkshire
	RG1 1AX

GTK (HOLDCO) LIMITED

CONTENTS

	Page
Strategic report	1
Directors' report	2 - 3
Independent auditors' report	4 - 7
Statement of comprehensive income	8
Balance sheet	9
Statement of changes in equity	10
Notes to the financial statements	11 - 17

GTK (HOLDCO) LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 MARCH 2026

Introduction

The results shown in these financial statements are for the year ended 31 March 2025. The comparative figures are for the year ended 31 March 2024.

Business review

The Company is a non-trading holding company for G.T.K. (U.K.) Ltd and its subsidiary companies and is wholly owned by Volex plc.

The current plans are for the Company to continue to be a non-trading holding company in future. The financial position of the Company at the year end is shown in the Balance Sheet on page 8.

Principal risks and uncertainties

The principal risk affecting the Company is an economic downturn that impacts the trading of G.T.K. (U.K.) Ltd and Review Display Systems Ltd.

Despite the economic uncertainty caused by inflation, supply chain disruptions and escalating geopolitical tensions, the Directors are confident that the GTK (Holdco) Limited group will continue to make good future progress, leveraging additional growth achievable through opportunities presented by being part of Volex plc. The Directors are actively monitoring the performance of both the Review Display Systems Ltd group and G.T.K. (U.K.) Ltd group against agreed annual budgets to assess the business environment and make appropriate changes to manage and mitigate this risk.

Financial key performance indicators

There are no key performance indicators relevant to the Company as it is an investment holding company. The Directors monitor the performance of its subsidiary companies against agreed annual budgets.

This report was approved by the board and signed on its behalf.

J E Morath

Director

Date: 8 September 2026

Page 1

GTK (HOLDCO) LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MARCH 2026

The directors present their report and the financial statements for the year ended 31 March 2026.

Directors' responsibilities statement

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 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Company's financial statements and then apply them consistently;

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

∙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 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.

Results and dividends

The loss for the year, after taxation, amounted to £86,444 (2025 - loss £334,133).

Future developments

Further details of the Company's future strategy can be found in the Strategic report section of this Annual report and financial statements.

Going Concern

The Company has net current liabilities but this is only caused by amounts due to its parent company. The parent company, Volex Plc, has confirmed to provide any necessary financial support to ensure that the company will be able to meet its liabilities as and when they fall due for a period of at least 15 months from the date of approval of the financial statements.

On this reason, the directors continue to adopt the going concern basis in preparing the financial statements.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 2

GTK (HOLDCO) LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Auditors

The auditors, James Cowper Kreston Audit, 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.

J E Morath

Director

Date: 8 September 2026

Page 3

GTK (HOLDCO) LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GTK (HOLDCO) LIMITED

Opinion

We have audited the financial statements of GTK (Holdco) Limited (the 'Company') for the year ended 31 March 2026, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of 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 31 March 2026 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.

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 Auditors' 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.

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 Auditors' 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.

Page 4

GTK (HOLDCO) LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GTK (HOLDCO) LIMITED (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006

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.

Matters on which we are required to report by exception

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.

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 2, 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.

Page 5

GTK (HOLDCO) LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GTK (HOLDCO) LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

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 Auditors' 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.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.

The risk is also greater regarding irregularities occuring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularites, including fraud, were as follows:

∙Enquiry of management and those charged with governance around actual and potential litigation and claims;

∙Enquiry of management and those charged with governance to identify any material instances of noncompliance with laws and regulations;

∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

∙Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.

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 Auditors' 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 Auditors' 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.

Page 6

GTK (HOLDCO) LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GTK (HOLDCO) LIMITED (CONTINUED)

Alexander Peal BSc (Hons) FCA DChA (Senior Statutory Auditor)

for and on behalf of

James Cowper Kreston Audit

Chartered Accountants and Statutory Auditor

Apex

Forbury Road

Reading

Berkshire

RG1 1AX

9 September 2026

Page 7

GTK (HOLDCO) LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2026

	2026	2025
Note	£	£


Administrative expenses		(165)	-
Operating (loss)/profit		(165)	-
Interest payable and similar expenses	5	(86,279)	(334,133)
Loss before tax		(86,444)	(334,133)
Loss for the financial year		(86,444)	(334,133)

There was no other comprehensive income for 2026 (2025:£NIL).

The notes on pages 11 to 17 form part of these financial statements.

Page 8

GTK (HOLDCO) LIMITED

REGISTERED NUMBER: 08709481

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Investments	7		9,273,917		9,273,917
			9,273,917		9,273,917
Current assets
Cash at bank and in hand	8	30		-
		30		-
Creditors: amounts falling due within one year	9	(5,626,986)		(5,540,512)
Net current liabilities			(5,626,956)		(5,540,512)
Total assets less current liabilities			3,646,961		3,733,405

Net assets			3,646,961		3,733,405

Capital and reserves
Called up share capital	10	255,369	255,369
Share premium account	11	456,620	456,620
Capital redemption reserve	11	2,000	2,000
Profit and loss account	11	2,932,972	3,019,416
		3,646,961	3,733,405

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J E Morath

Director

Date: 8 September 2026

The notes on pages 11 to 17 form part of these financial statements.

Page 9

GTK (HOLDCO) LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2026

	Called up share capital	Share premium account	Capital redemption reserve	Profit and loss account	Total equity
	£	£	£	£	£
At 1 April 2024	255,369	456,620	2,000	3,353,549	4,067,538

Loss for the year	-	-	-	(334,133)	(334,133)

At 1 April 2025	255,369	456,620	2,000	3,019,416	3,733,405

Loss for the year	-	-	-	(86,444)	(86,444)
At 31 March 2026	255,369	456,620	2,000	2,932,972	3,646,961

The notes on pages 11 to 17 form part of these financial statements.

Page 10

GTK (HOLDCO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

GTK (Holdco) Limited is a private company limited by shares and is incorporated, domiciled and registered in England, United Kingdom. The address of the registered office and principal place of business is Unit C2, Antura, Bond Close, Basingstoke, Hampshire, RG42 8PZ.

The principal activity of the Company is that of an investment holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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 3).

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙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 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Volex Plc as at 31 March 2026 and these financial statements may be obtained from Companies House.

2.3

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

2.4

Going concern

The company is reliant on the group for ongoing support. The parent company, Volex Plc, has agreed to provide any necessary financial support to ensure that the company will be able to meet its liabilities as and when they fall due for a period of at least 12 months from the date of approval of the financial statements.

On this basis the directors have prepared financial statements on a going concern basis.

Page 11

GTK (HOLDCO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.5

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

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 non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.6

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.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.9

Cash and cash equivalents

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 with insignificant risk of change in value.

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GTK (HOLDCO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

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GTK (HOLDCO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of financial statements in conformity with generally accepted accounting principles requires the Directors to make judgments and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingencies at the date of the financial statements and the reported income and expense during the reported periods. Although these judgments and assumptions are based on the Directors' best knowledge of the amount, events or actions, actual results may differ from these estimates.

Investments

The determination of the carrying value of investments requires judgment. The judgment involves assessing the recoverable amounts influenced by the performance of the underlaying business taking into account variations in performance and market positioning.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2026	2025
	No.	No.

Directors	2	2

5.	Interest payable and similar expenses
		2026	2025
		£	£

	Loans from group undertakings	86,279	334,133
		86,279	334,133

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GTK (HOLDCO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

6.	Taxation

		2026	2025
		£	£



Total current tax	-	-

Factors affecting tax charge for the year
The tax assessed for the year is higher than (2025 - higher than) the standard rate of corporation tax in the UK of 25% (2025 - 25%). The differences are explained below:
	2026	2025
	£	£

Loss on ordinary activities before tax

(86,444)

(334,133)

Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2025 - 25%)	(21,661)	(83,533)
Effects of:
Group relief surrendered for nil consideration	21,661	83,533
Total tax charge for the year	-	-

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

7.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2025	9,273,917
	At 31 March 2026	9,273,917

Page 15

GTK (HOLDCO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Registered office	Principal activity	Class of shares	Holding

G.T.K. (U.K.) Limited	Unit C2 Antura, Bond Close, Basingstoke, Hampshire, UK, RG24 8PZ	Direct	Ordinary	100%
GTK Electronics GmbH	Roomberg 25b, 51381 Leverkusen, Germany	Indirect	Ordinary	100%
GTK RO S.r.l	Str. Fantana Popova, Nr.36, Et. 1, Cod Postal, 200319, Craiova, Doij, Romania	Indirect	Ordinary	100%
GTK Limited	Unit C2 Antura, Bond Close, Basingstoke, Hampshire, UK, RG24 8PZ	Indirect	Ordinary	100%
GSRG Holding Limited	Unit C1 Antura, Bond Close, Basingstoke, Hampshire, UK, RG24 8PZ	Direct	Ordinary	100%
Review Display Systems Limited	Unit C1 Antura, Bond Close, Basingstoke, Hampshire, UK, RG24 8PZ	Indirect	Ordinary	100%
Review Display Systems Inc	Unit C1 Antura, Bond Close, Basingstoke, Hampshire, UK, RG24 8PZ	Indirect	Ordinary	100%
IQRF UK Limited	Unit C1 Antura, Bond Close, Basingstoke, Hampshire, UK, RG24 8PZ	Indirect	Ordinary	100%

8.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	30	-
	30	-

9.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Amounts owed to group undertakings	5,626,986	5,540,512
	5,626,986	5,540,512

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GTK (HOLDCO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

10.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

25,536,939,673 (2025 - 25,536,939,673) Ordinary shares of £0.00001 each	255,369	255,369

11.

Reserves

Share premium account

This reserve records the amount above the nominal value received for shares issued, less transactional costs.

Capital redemption reserve

The reserve records the nominal value of shares repurchased by the Company.

Profit and loss account

The profit and loss account represents cumulative profits avaliable for distribution.

12.	Related party transactions
	The Company is exempt from disclosing related party transactions with other 100% owned members of the group headed by Volex plc by virtue of FRS 102 section 33.1A.

13.	Controlling party

Volex Plc (the immediate parent company) is the largest and smallest group of which the Company is a member and for which group financial statements are drawn up and is the ultimate parent controlling party and is incorporated in the UK. Copies of the financial statements can be obtained from Volex plc, Unit C1, Antura, Bond Close, Basingstoke, Hampshire, RG24 8PZ, UK.

Page 17