REGISTERED NUMBER: 14809207 (England and Wales)

Financial Statements

for the Year Ended 31 January 2026

for

Semtech UK Holdings Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

J T Gutierrez

SECRETARY:

J T Gutierrez

REGISTERED OFFICE:

12 New Fetter Lane

London

EC4A 1JP

REGISTERED NUMBER:

14809207 (England and Wales)

AUDITORS:

Villars Hayward LLP

Chartered Accountants,

Chartered Tax Advisers and Statutory Auditors

Boston House

Henley-on-Thames

RG9 1DY

FIXED ASSETS

Investments

4

614,760,098

137,497,000

CURRENT ASSETS

Cash at bank

13,172

12,486

CREDITORS

Amounts falling due within one year

5

44,693

25,187

NET CURRENT LIABILITIES

(31,521

)

(12,701

)

TOTAL ASSETS LESS CURRENT LIABILITIES

614,728,577

137,484,299

CAPITAL AND RESERVES

Called up share capital

3,219

1,399

Share premium

812,221,585

334,962,183

Retained earnings

(197,496,227

)

(197,479,283

)

SHAREHOLDERS' FUNDS

614,728,577

137,484,299

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 September 2026 and were signed by:

J T Gutierrez - Director

1.	STATUTORY INFORMATION

Semtech UK Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the US Dollar ($).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Semtech UK 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 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Semtech Corporation, 200 Flynn Road, Camarillo, California, United States, 93012.

Financial assets and liabilities

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within current liabilities.

Trade and other creditors are initially recognised at transaction price when there is a legal or constructive obligation committing the company to that expenditure. Creditors are subsequently remeasured to amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Loans payable are measured initially at fair value, net of transaction costs, and non-current loans payable are subsequently remeasured to amortised cost using the effective interest method, less any impairment.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

At the end of each reporting period investments in subsidiaries are assessed for impairment. If an investment is deemed to be impaired, the investment in the subsidiary is reduced to its fair value and an impairment charge is recognised in the income statement. Where a reversal of a previous impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the income statement.

Going concern

Following a debt rationalisation process which occurred during the year ended 31 January 2026 the director expects the company to be wound up as part of a group simplification process. As a result, the financial statements have been prepared on a basis other than that of a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

$

COST

At 1 February 2025

137,497,000

Additions

477,263,098

At 31 January 2026

614,760,098

NET BOOK VALUE

At 31 January 2026

614,760,098

At 31 January 2025

137,497,000

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Sierra Wireless ULC

Registered office: 13811 Wireless Way, Richmond, British Columbia, V6V 3A4

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

as restated

$

$

Amounts owed to group undertakings

33,787

12,361

Other creditors

10,906

12,826

44,693

25,187

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John A D Preston (Senior Statutory Auditor)

for and on behalf of Villars Hayward LLP

7.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Semtech Corporation registered in the USA. Copies of the financial statements may be obtained from 200 Flynn Road, Camarillo, California, United States, 93012.