REGISTERED NUMBER: 13891420 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Temperature Electronics Holdings Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

Fixed assets

Investments

6

19,676,146

19,611,586

Current assets

Debtors

7

1,000

1,000

Creditors

Amounts falling due within one year

8

(1,192,608

)

(1,992,772

)

Net current liabilities

(1,191,608

)

(1,991,772

)

Total assets less current liabilities

18,484,538

17,619,814

Creditors

Amounts falling due after more than one year

9

(14,668,090

)

(15,395,832

)

Net assets

3,816,448

2,223,982

Capital and reserves

Called up share capital

10

1,000

1,000

Retained earnings

3,815,448

2,222,982

Shareholders' funds

3,816,448

2,223,982

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2026 and were signed on its behalf by:

Mr B B LejdstrIm - Director

1.	Statutory information

Temperature Electronics Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13891420

Registered office:

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

2.	Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, under the historical cost convention. All accounting policies have been applied consistently.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Figures are rounded to the nearest whole pound sterling.

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Temperature Electronics Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty

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.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on

amounts recognised in the financial statements.

Impairment of investments

Investments in subsidiaries are carried at cost less impairment. At each reporting date, these investments

are reviewed to determine whether there is any indication of impairment, which involves management's

judgement. At the year end, management has assessed that there is no impairment on the investments.

Investments in subsidiaries

Investments in subsidiaries are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

4.	Employees and directors

The average number of employees during the year was 5 (2024 - 5 ) .

5.	Auditors' remuneration

31.12.25

31.12.24

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

2,000

1,550

6.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2025

19,611,586

Additions

64,560

At 31 December 2025

19,676,146

Net book value

At 31 December 2025

19,676,146

At 31 December 2024

19,611,586

The company's investments at the Balance Sheet date in the share capital of companies include the following:

TEL UK Ltd - (direct subsidiary)

Registered office: Unit 2 Wren Nest Road, Glossop, Derbyshire, England, SK13 8HB

Nature of business: Manufacture of other electrical equipment

%

Class of shares:

holding

Ordinary

100.00

Temperature Electronics Limited - (direct subsidiary)

Registered office: Unit 2 Wren Nest Road, Glossop, Derbyshire, SK13 8HB

Nature of business: Manufacture of other electrical equipment

%

Class of shares:

holding

Ordinary

100.00

7.

Debtors: amounts falling due after more than one year

31.12.25

31.12.24

£

£

Amounts owed by group undertakings

1,000

1,000

8.

Creditors: amounts falling due within one year

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

1,187,557

1,990,471

Other creditors

5,051

2,301

1,192,608

1,992,772

9.

Creditors: amounts falling due after more than one year

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

8,924,275

10,573,741

Other creditors

5,743,815

4,822,091

14,668,090

15,395,832

Other creditors falling due after more than one year represents the net present value of the expected deferred consideration payable in respect of the acquisition of the subsidiary undertakings. The responsibility for paying the liability was taken on by the group's parent company Sdiptech AB (Publ.).

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

910

Ordinary A

£1.00

910

910

90

Ordinary B

£1.00

90

90

1,000

1,000

The company issued share capital on incorporation of 1000 shares at £1 each, the shares have equal voting, dividend and winding up rights.

11.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Michael Andrews FCA (Senior Statutory Auditor)

for and on behalf of Stephenson Smart (East Anglia) Limited

12.	Ultimate controlling party

The company's immediate parent company is Sdip Holdings UK Limited, which is incorporated in England and. Wales, and its ultimate parent company is Sdiptech Ab (Publ.), which is incorporated in Sweden. Sdiptech Ab (Publ.) prepares consolidated financial statements and these can be obtained from its website at sdiptech.se/investor-relations/financial-information or from its registered office at Nybrogatan 39, Stockholm 11439, Sweden.

There is no ultimate controlling party.