The directors present the strategic report for the year ended 31 December 2025.

The principal activity of the Company continues to be the sale and marketing of high quality, audio, lighting and connected automotive technology targeted primarily at the professional and consumer market. In addition, the Company earns the majority of its revenue through transactions with related parties from which royalty and commission income are generated.

The results of the Company as set out on page 10, shows a profit for the financial year of £12,351k (2024: £7,335k) with a pre-​tax profit from continued activities for the financial year of £17,592k (2024: £9,848k).

The shareholders’ funds of the Company total £34,154k (2024: £36,858k). The directors consider that the Company’s balance sheet remains strong.

Performance indicators show turnover of £84,897k (2024: £97,346k) and gross profit as a percentage for the year at 77% (2024: 73%). This decrease reflects continued macroeconomic uncertainty across key markets, including inflationary pressures, elevated interest rates and more cautious customer spending, which resulted in softer demand and delays to certain customer investment decisions.The post-​tax profit as a percentage of revenue (excluding dividend income) was 15% (2024: 7.5%). Financial governance is orchestrated at divisional level and the directors consider no key performance indicators measured at legal entity level.

During 2025, Harman International Industries Limited continued with its strategy implemented in previous years which sees the majority of income now royalty and commission based.

The Company see sales value as a primary indicator of performance together with profits as presented in the statement of comprehensive income. Detailed internal management reports are published to divisional senior management, illustrating sales (as well as projections), order books and expenditure across all sales divisions with particular emphasis on ageing inventory, ageing trade account receivables, headcount (payroll) and other direct operating expenditure. Such management accounts are used to measure the performance of the Company towards its target, whether objectives are met and to adjust the Company activities if needed.

The principal economic risk and uncertainty facing the Company is worldwide demand for audio equipment. The Company benefits from being a subsidiary of a global audio business which provides opportunities arising from, and insights into, economic changes.

The principal financial risks and uncertainties continue to be managed prudently and with the benefit of the oversight from the ultimate parent Company and management groups and communication with other Harman group companies.

• External risks: Russia's invasion of Ukraine has caused market uncertainty and inflationary pressures. Harman continues to closely monitor spending and product pricing. The ongoing conflict in the Middle East has seen disruptions and delays in shipping through the Suez Canal. Any blockage, delay or closure of this key transit route could impact our supply chain, lead to increased shipping costs and delays in fulfilling customer orders. Although the entity, earning the majority of revenues from service contracts commission and royalties is not significantly directly exposed to supply chain risks.

• Key customer risk: The Company has a significant concentration of revenue derived from a limited number of key customers. The loss of these customers could materially and adversely affect the Company’s business and results of operations. The Company continues to broaden its customer base together with the fact that a significant proportion of revenues are derived from intragroup commission and royalty revenues, helps to mitigate this risk.

• Foreign currency exchange: The Harman Group (the ''Group'') and Company are exposed to foreign currency risks on debt receivables and payables. The Group closely monitors short, medium and long term exchange rates and has a policy of hedging against currency fluctuations relating to future transactions through forward exchange contracts.

• Liquidity risk: Whilst loans due to other group companies are generally repayable within one year, it is expected that the loans will be renewed on similar terms. Harman International Industries Inc., the Company’s intermediate parent Company, has confirmed it will provide support, should it be needed, for at least twelve months from the date of approval of the financial statements, to enable the Company to meet its liabilities as they fall due. The directors are satisfied to place reliance on this support, having considered the ultimate parent Company’s financial performance, its cash, current assets and available borrowing facilities available at in making their assessment of the ultimate parent Company’s support available.

• Impairment risk: The operations of subsidiary companies may produce lower than expected profits, or losses. A result of such lower profits or losses may result in the value of those subsidiaries falling below the recorded cost of investment in those companies, requiring an impairment cost to be recognised.

This sets out how the Directors comply with the requirements of Section 172 Companies Act 2006 and how these requirements have impacted the Board's decision making throughout 2025.

Section 172(1) of the Companies Act 2006 specifies that each director must act in the way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to:

(a) the likely consequences of any decision in the long term,
(b) the interests of the Company’s employees,
(c) the need to foster the Company’s business relationships with suppliers, customers and others,
(d) the impact of the Company’s operations on the community and the environment,
(e) the desirability of the Company maintaining a reputation for high standards of business conduct, and
(f) the need to act fairly as between members of the Company.

• Divisional structure of the entity
  Given the divisional-level governance structure of the entity, decision-making and leadership teams are organised according to the divisional matrix.

• Leadership and purpose
  The Board of Directors review with its management team, the progress of its long term strategic priorities against the changing shape of its business. Board decision is taken against a backdrop of what it considers to be the best interest of its long-term financial success of the Company especially its employees, suppliers and business partners.

• Employees
  The Directors recognise that the Company employees are fundamental and core to our business and delivery of our strategic ambitions. The success of our business depends on attracting, retaining and motivating employees. The Company's policy on recruitment is based on the ability of a candidate to perform the job. The Company takes account from pay and benefits to health, safety and workplace environment uphold its position as a responsible employer. The Company employees are kept fully aware of the financial and business performance of the Company through quarterly in house meetings ensuring the views are taken into account which are likely to affect their interest.

• Stakeholders
  We provide the Global Code of Conduct to our suppliers, customers, and other external stakeholders as well as to our employees through our ethics management website (www. sec-audit.com), and provide a channel to report on any violation. In addition, we also post our Employee Guidelines on our intranets for our employees to encourage our employees to pursue ethics management.

• Values and Culture
  We strive to create not only an economic value but also social and environmental values through sustainable management, contributing to the global humanity. As these social and environmental values are hard to quantify, we have taken a qualitative approach in setting our sustainability management goals.

• Community and environment
  We require our suppliers to abide by international standards and regulations with regard to human rights, workplace safety, ethics, and conflict minerals issues. Our goal is to build an open and transparent management accountability system observed by all stakeholders along the supply chain. We only work with internally certified suppliers (Eco-Partner) to assess and manage the environmental impacts of component manufacturing, sourcing of raw materials and associated production processes.

• Anti-Curruption and Bribery
  We maintain a zero-tolerance approach to bribery and corruption, supported by robust policies and internal controls and annual compliance training. The Directors remain committed to ethical conduct and regulatory compliance.

On behalf of the board

Director's Report

The directors present their annual report and financial statements for the year ended 31 December 2025.

In 2025, Harman International Industries Limited paid £15,000,000 in dividends (2024: nil).

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

Going concern

The Company meets its day-to-day working capital requirements through its cash reserves and intercompany

borrowings. The current economic conditions continue to create uncertainty, particularly over the level of demand

for the Company’s products. The Company’s forecasts and projections, taking account of reasonably possible

changes in the trading performance, show the Company should be able to operate within the level of its current

cash reserves and intercompany borrowings.

After making enquiries, the directors have a reasonable expectation that the Company has adequate resources to

continue in operational existence for the foreseeable for at least 12 months from date of signing and is backed by a

letter of support from its intermediate parent Harman International Industries Inc. The Company therefore continues

to adopt the going concern basis in preparing its financial statements. Further information on the Company’s

intercompany borrowing is given in Notes 18 and 20.

Political / charitable contributions

The Company made no political nor charitable donations or incurred any political expenditure during the year (2024:

£nil).

Financial risk management

The directors have disclosed this in the Strategic report.

The Company policy for the employment of disabled persons is that full consideration is given to their applications and candidates are offered employment on the basis of their ability and aptitude. In the event of an individual becoming disabled whilst in employment, every effort is made that such employment is continued and, where

necessary, appropriate retraining is provided. The training career development and promotion opportunities for disabled persons are in no way different to those of other employees and the Company makes every effort to employ disabled persons in excess of statutory requirements.

Subsequent to the year end, the directors proposed a dividend of £18,000,000. As the dividend was declared after the reporting date, no liability has been recognised in these financial statements. The dividend will be accounted for in the period in which it is approved.

Whilst the Company itself has very limited research and development, the larger Harman Group which in turn is part of the Samsung Electronics Group, continues to commit significant resources to develop the next generation of products for the audio and video equipment markets.

Structure

The legal entity comprises 8 divisions of which the strategy is strongly influenced by the wider Harman Group as a whole. However, on 11 July 2025, the company completed the sale of Martin Manufacturing UK division.

The independent auditors for the year are Azets Audit Services Limited. A shareholders' written resolution is in place dispensing with the need to reappoint the Company's auditors annually.

The Company’s operations resulted in the following usage of energy (measured in Kilowatt hours) and emissions of carbon dioxide equivalent (CO2e) measured in Tonnes, reported in accordance with UK Government's Environmental Reporting Guidelines (2019).

This report is based on CRC/ESOS reporting principles (as specified in Complying with the Energy Savings Opportunity Scheme (ESOS) version 6, published by the Environment Agency, 28 October 2019) used in conjunction with Government GHG reporting conversion factors. Greenhouse gas reporting conversion factors 2024

(published by the Department for Business, Energy & Industrial Strategy, last updated 28 June 2023).

The chosen intensity measurement ratio is total gross emissions in metric tonnes CO2e per employee, the recommended ratio for the sector.

We are committed to responsible energy management and will practice energy efficiency throughout our organisation, wherever it is cost effective. We recognise that climate change is one of the most serious environmental challenges currently threatening the global community and the role that organisations such as Harman International Industries Limited has to play in reducing greenhouse gas emissions. We have continued to support homeworking, both before and during the Covid pandemic, to reduce travel costs and reliance on real estate through the use of IT and communications tools, and encourages the reduction of face-to-face meetings with clients.

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 group financial statements in accordance with International Financial Reporting Standards (IFRSs) as adopted by the United Kingdom. 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, International Accounting Standard 1 requires that directors:

• properly select and apply accounting policies;

• 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 IFRSs are insufficient to enable users to understand the impact of particular transactions, other events and conditions on the entity's financial position and financial performance; and

• make an assessment of the company's ability to continue as a going concern.

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.

The directors are responsible for the maintenance and integrity of the company website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Each director in office at the date of approval of this annual report confirms that:

• so far as the director is aware, there is no relevant audit information of which the company's auditor is unaware, and

• the director has taken all the steps that he / she ought to have taken as a director in order to make himself / herself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This confirmation is given and should be interpreted in accordance with the provisions of section 418 of the Companies Act 2006.

We have audited the financial statements of Harman International Industries Limited (the 'company") for the year

ended 31 December 2025 which comprise the income statement, the statement of financial position, 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 101 Reduced Disclosure Framework (United Kingdom Generally Accepted Accounting Practice).

In our opinion:

• give a true and fair view of the state of the company's affairs as at 31 December 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 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.

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.

Extent to which 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 and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying

with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the

financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks,

and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes

consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed

procedures which included:

• Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

• Reviewing minutes of meetings of those charged with governance;

• Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;

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

• Performing audit work over the risk of management bias and 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 indicators of potential bias.

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 of not

detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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 notes on pages 15 to 38 form part of these financial statements.

The notes on pages 15 to 38 form part of these financial statements.

The notes on pages 15 to 38 form part of these financial statements.

Harman International Industries Limited (the “Company”) is a private limited Company by shares and is incorporated and domiciled in the UK. The address of its registered office is Ground Floor, Westside Two London Road, Apsley, Hemel Hempstead, Hertfordshire, England, HP3 9TD.

As the Company is wholly owned by Samsung Electronics Co, Limited, the Company is exempt by virtue of section 401 of the Companies Act 2006 from the requirement to prepare group financial statements. These financial statements present information about the Company as an individual undertaking and not about its group.

The financial statements have been prepared in accordance with Financial Reporting Standard 101 Reduced Disclosure Framework (FRS 101). The financial statements have been prepared on the historical cost basis, modified by the revaluation of derivative financial assets and financial liabilities held at fair value through profit and loss and in accordance with the Companies Act 2006.

The Company’s ultimate parent undertaking, Samsung Electronics Co, Limited, includes the Company in its consolidated financial statements. The consolidated financial statements of Samsung Electronics Co, Limited are prepared in accordance with International Financial Reporting Standards and are available to the public at the website www.samsung.com.

The following exemptions from the requirements of IFRS have been applied in the preparation of these financial statements, in accordance with FRS 101:

• the requirements of IFRS 7 Financial Instruments: Disclosures

• the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement

• the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers

• the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases. The requirements of paragraph 58 of IFRS 16, provided that the disclosure of details in indebtedness relating to amounts payable after 5 years required by Company law is presented separately for lease liabilities and other liabilities, and in total

• the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 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

The Company proposes to continue to adopt the reduced disclosure framework of FRS 101 in its next financial statements. The accounting policies set out below have, unless otherwise stated, been applied consistently to all periods presented in these financial statements.

Judgements made by the directors, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed in note 1.2.

The Company meets its day-to-day working capital requirements through its cash reserves and intercompany borrowings. The current economic conditions continue to create uncertainty, particularly over the level of demand for the Company’s products. The Company’s forecasts and projections, taking account of reasonably possible changes in the trading performance, show the Company should be able to operate within the level of its current cash reserves and intercompany borrowings. Management also believes that there is no impact on the Company's operations and cash flow as a result of the war in Ukraine and the Middle East conflict.

In the process of applying the Company’s accounting policies, the Directors are required to make certain judgments, estimates and assumptions that they believe are reasonable based on available information. Although these estimates are based on management’s best knowledge of the amount, event or actions, actual results may ultimately differ from these estimates.

Key sources of estimation uncertainty

Pension liabilities

The determination of our obligation and expense for our defined pension scheme is dependent on the selection of assumptions that are used by our actuaries in calculating such amounts. These assumptions include, amongst others, expected mortality rates of scheme members, the rate at which future pension payments are discounted to the Statement of financial position date, and inflation. Differences in Harman's actual experience or changes in its assumptions can materially affect the amount of our future pension obligations and future valuation adjustments in the statement of comprehensive income. The Company seeks expert actuarial advice in setting its assumptions.

Sensitivity analysis may be found in note 22.

Performance obligations

The Company enters contracts with customers that may include promises to transfer multiple products and services. To assess revenue and costs on long-term contracts management make estimations on revenue by reference to costs to complete, and revenue is calculated based on a percentage of completion approach. The estimated costs to complete are reviewed and updated periodically with input from the project management teams.

Critical judgments

Principal v agent in selling goods or providing services

In determining whether the Company is the principal or an agent in selling goods or providing services, management has to apply significant judgement by applying its understanding of the relationships and contractual arrangements between various parties.

In making these assessment, management applies the following indicators in concluding that it is acting as a principal:

– The Company is the main party to the terms of the agreement with the customer and has the responsibility to fulfil the obligations in the contract.

– The Company has the discretion in establishing the price that the customer pays for the service or goods which means that the Company has the ability to direct use of the service or goods and obtain substantially all of the remaining benefits.

– The Company has the inventory risk for the goods it sells it the customers.

Where the contractual terms fail to meet the criteria above, the Company considers itself as the agent in

that particular transaction.

There are no amendments to accounting standards, or IFRIC interpretations that are effective for the year ended 31 December 202true5 that have had material impact on the Company’s financial statements.

Transactions in foreign currencies are translated to the Company’s functional currencies at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are retranslated to the functional currency at the foreign exchange rate ruling at that date. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction. Non-monetary assets and liabilities denominated in foreign currencies that are stated at fair value are retranslated to the functional currency at foreign exchange rates ruling at the dates the fair value was determined. Foreign exchange differences arising on translation are recognised in the profit and loss account.

Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the Company operates (‘the functional currency’). The financial statements are presented in ‘Pounds Sterling’ (£), which is also the Company’s functional currency.

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Where parts of an item of tangible assets have different useful lives, they are accounted for as separate items of tangible assets.

Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognised when replaced. All other repairs and maintenance are charged to the income statement during the financial year in which they are incurred.

Depreciation is charged to the profit and loss account on a straight-line basis over the estimated useful lives of each part of an item of tangible assets. Land is not depreciated. The estimated useful lives are as follows:

• Short leasehold property and improvements - over the life of the lease.

• Plant and equipment - 15% to 50% per annum

• Right of use assets - Buildings - Over the life of the lease

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date.

An asset’s carrying amount is written down immediately to its recoverable amount if it is greater than its estimated recoverable amount.

Intangible assets acquired separately are reported at cost less accumulated amortisation (where they have finite useful life) and accumulated impairment loss. The carrying values of intangible assets are reviewed for impairment when events or changes in circumstances indicate that carrying values may not be recoverable.

The Company as a lessee

The Company leases various offices, warehouses and factory facilities. Rental contracts are typically made for fixed periods of 5 years but may have extension options.

The Company assesses whether a contract is or contains a lease, at inception of a contract. The Company recognises a right-of-use asset and a corresponding lease liability with respect to all lease agreements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets. For these leases, the Company recognises the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow funds necessary to obtain an asset of similar value to the right-of- use asset in a similar economic environment with similar terms, security and conditions.

Under IFRS 16, at lease commencement, the lease payments (which determine the lease liability) consist of fixed lease payments (including in-substance fixed payments), less any lease incentives receivable relating to the use of the underlying asset during the lease term.

The lease liability is included in 'Creditors' on the Balance sheet.

Right-of-use assets are measured at cost comprising the following:

• Any lease payments made at or before the commencement date less any lease incentives received

• Any initial direct costs

• The amount of the initial measurement of lease liability

The right-of-use asset is depreciated over the shorter of the lease term or the useful life of the underlying asset. The right-of-use asset is subject to testing for impairment if there is an indicator for impairment, as for owned assets.

Right-of-use assets are included in the heading “Tangible Fixed Assets” and the lease liabilities in the headings “Creditors amounts falling due within one year” and “Creditors amounts falling due after more than one year”.

Investments are stated at cost less accumulated impairment losses.

Investments are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Investments that suffered an impairment are reviewed for possible reversal of the impairment at the end of each reporting period.

The Company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are derecognised when they are discharged or when the contractual terms expire. The Company's accounting policies in respect of financial instruments transactions are explained below:

Financial assets and financial liabilities are initially measured at fair value.

Financial assets

Classification

The Company classifies its financial assets in the following measurement categories:

a. those to be measured subsequently at fair value through profit or loss (''FVTPL''), and

b. those to be measured at amortised cost.

The classification depends on the purpose for which the financial assets were acquired. Management determines the classification of its financial assets at initial recognition.

Recognition and measurement

At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVTPL are expensed in profit or loss. Fair value at initial recognition is best evidenced by the transaction price. A gain or loss on initial recognition is only recorded if there is a difference between fair value and transaction price which can be evidenced by other observable current market transactions in the same instrument or by a valuation technique whose inputs include only data from observable markets.

For assets measured at fair value, gains and losses will be recorded in profit or loss.

Financial assets measured at amortised cost have a business model of being held to collect contractual cashflows and are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. At the end of the reporting period subsequent to initial recognition, these financial assets are carried at amortised cost using EIR less provision for impairment. Interest calculated using EIR is recognised in the income statement. Financial assets at amortised cost are subsequently carried at amortised cost using the effective interest method.

Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payment of principal and interest.

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Derivative financial instruments are recognised at fair value and classified as short-term assets or liabilities, where settlement date is within one year, or long-term assets or liabilities where settlement is after more than one year. The Company has not applied hedge accounting, and all gain or loss on remeasurement to fair value is recognised immediately in profit or loss.

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.

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.

Inventory is stated at the lower of cost and net realisable value. Cost is based on the first-in first-out principle and includes expenditure incurred in acquiring the inventory, production or conversion costs and other costs in bringing them to their existing location and condition. In the case of manufactured inventory and work in progress, cost includes an appropriate share of overheads based on normal operating capacity.

Defined contribution plans

A defined contribution plan is a post-employment benefit plan under which the Company pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions

to defined contribution pension plans are recognised as an expense in the profit and loss account in the periods during which services are rendered by employees.

Defined benefit plan

A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Company’s net obligation in respect of the defined benefit pension plan is calculated by estimating the amount of future benefit that employees have earned in return for their service in prior periods (the plan is closed to future benefit accrual); that benefit is discounted to determine its present value, and the fair value of any plan assets (at bid price) are deducted. The Company determines the net interest on the net defined benefit asset for the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to the net defined benefit asset.

The discount rate is the yield at the reporting date on bonds that have a credit rating of at least AA, that have maturity dates approximating the terms of the Company’s obligations and that are denominated in the currency in which the benefits are expected to be paid.

Re-measurements arising from defined benefit plans comprise actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest). The Company recognises them immediately in other comprehensive income and all other expenses related to defined benefit plans in employee benefit expenses in profit or loss.

The calculation of the defined benefit obligations is performed by a qualified actuary using the projected unit credit method. When the calculation results in a benefit to the Company, the recognised asset is limited to the present value of benefits available in the form of any future refunds from the plan or reductions in future contributions and takes into account the adverse effect of any minimum funding requirements.

Short-term benefits

Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is recognised for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Company has a present legal or constructive obligation to pay this amount as a result of past

service provided by the employee and the obligation can be estimated reliably.

Termination benefits

Termination benefits are recognised as an expense when the Company is demonstrably committed, without realistic possibility of withdrawal, to a formal detailed plan to either terminate employment before the normal retirement date, or to provide termination benefits as a result of an offer made to encourage voluntary redundancy. Termination benefits for voluntary redundancies are recognised as an expense if the Company has made an offer of voluntary redundancy, it is probable that the offer will be accepted, and the number of acceptances can be estimated reliably. If benefits are payable more than 12 months after the reporting date, then they are discounted to their present value.

A provision is recognised in the balance sheet when the Company has a present legal or constructive obligation as a result of a past event, that can be reliably measured and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects risks specific to the liability.

Turnover is measured at the fair value of the consideration received or receivable, and represents amounts receivable for goods and services supplied, stated net of discounts, returns and value added taxes. The Company recognises turnover when performance obligations have been satisfied and for the Company this is when the goods or services have transferred to the customer and the customer has control of these. The Company’s activities are described in detail below. The Company bases its estimate of return on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each

arrangement.

The Company recognises turnover when performance obligations are met.

◦ Sale of goods is related to physical products. For goods sold, this is considered when delivery is deemed to occur, either by delivery to the customers address, or when the customer has collected goods themselves from our warehouse; at the point in time when the risks and rewards of ownership of the goods is deemed to have transferred.

◦ Commission income in respect of the sale of Harman International Industries Inc. (''HII Inc.'') owned products in the global market, where the Company acts as agent for HII Inc. Income is recognised at a point in time based on the net inflow of economic benefits received and receivable by Harman on its own account since the Company is acting as an agent in its contractual arrangements with Harman International Industries Inc.

◦ Royalty income in respect of its ownership of the intellectual property of the Soundcraft brand – it receives a royalty fee based on percentages of global Harman revenues of this brand and also the ability to recharge any costs associated with this brand to Harman Pro Inc in the US on a cost plus basis.

◦ Sales of service - relates to 3 types:

– Perpetual software licence revenues are recognised on the transfer of the risks and rewards of ownership, which generally coincides with the time of delivery. Perpetual license is derived from customers with perpetual licenses to our platform and associated maintenance and support contracts. Maintenance is normally sold separately and is recognised ratably over a period of time.

– Professional services are based on time and materials spent on the project, to which revenues arerecognised as the services are delivered to the customers. The Company takes into account the nature of the products or services provided and the terms of the contract, such as the right to cancellation, rights to demand or withhold payments, and the legal title to work in a process to determine the best method of entry or output to measure progress towards the fulfilment of a performance obligation.

– Fixed fee contracts are measured on a percentage of completion basis. The Company determines that its performance obligations have been met over time and measures its progress towards completion to determine the time for revenue recognition using a method that represents the transfer of services to the customer. The progress could be measured based on billable hours, billable days which includes number of working days per calendar day in a month or client specific days, depending on the contract terms. The estimated costs to complete are reviewed and updated periodically with involvement from the project teams and management.

All revenues are reported net of any discounts and sales related taxes. For any discounts not applied on the invoice of sale such as performance rebate on customer hitting certain annual revenue targets, a provision is established at the end of each reporting period. This liability is recognised until either the rebates are claimed or performance target missed. When operating as principal, the Company recognises revenue as the gross amount to which it expects to be entitled. When acting as an agent, the Company recognises revenue at the net amount to which it is entitled to retain in return for its services or sales of goods.

Current and deferred taxation

Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Deferred tax is provided on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The amount of deferred tax provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the balance sheet date.

A deferred tax asset is recognised only to the extent that it is probable that future taxable profits will be available against which the temporary difference can be utilised.

Related party transactions

The Company has taken advantage of the exemption under IAS 24 not to disclose transactions with fellow wholly owned subsidiaries.

100% of the voting rights over the Company’s shares are controlled within the Group.

The remuneration of the Directors is provided in note 6 – Remuneration of directors.

Trade and asset acquisition

The acquisition of business, trade and assets of entities within common control is outside the scope of IFRS 3, Business combination. Management has applied judgement in applying the predecessor accounting policy based on the circumstances surrounding the acquisition, which is for group restructuring. Under predecessor accounting, assets and liabilities are measured at predecessor carrying values, no new goodwill is recognised and any difference between the carrying amount of the net assets acquired and the purchase price is recognised in Other reserves. The Company applies this policy consistently across similar transactions.The Company has not acquired any trade and assets in 2025 or 2024.

Assets and liabilities of subsidiary companies that are transferred to the Company where there is already common control, are transferred using predecessor accounting which ordinarily utilised the book values recorded in the subsidiary Company.

All revenue is from continued and discontinued operations. Refer to note 11 for difference between Income Statement and revenue note.

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

Their aggregate remuneration comprised:

Post-employment benefits are accruing for no director (2024: no director) under the Company's defined benefit pension scheme and to one director (2024: one director) under the money purchase scheme.

One director (2024: one director) was remunerated and the highest paid director by the company. Other directors were remunerated by other group companies and as a result did not receive any remuneration from the Company.

The company has applied the temporary exception, introduced in May 2023, from the accounting requirements for deferred taxes in IAS 12 relating to Pillar Two, so that the company neither recognises nor discloses information about deferred tax assets and liabbilities in repect of Pillar Two income taxes.

On the 11th July 2025, Harman complete a sale for the business and Assets of the smoke and haze hardware and related fluids product line of Harman International Industries Limited.

A loss of £159k arose on the disposal, being the proceeds of the sale, less the carrying amount of the business assets

Details of the company's subsidiaries at 31 December 2025 are as follows:

Raw materials, consumables and changes in finished goods and work in progress recognised as cost of sales in the year amounted to £90k (2024: £142k). The write-down of inventory to net realisable value amounted to £ nil (2024: £nil).

The total amount included in trade debtors at the reporting date is inclusive of £9,497k (2024: £12,357k)

which pertains to accrued contract receivables arising from long-term contracts. These represent amounts

due for work completed but not yet billed at the reporting date under the terms of these contracts.

The amounts owed by group undertakings arise from normal trade transactions or loans / cash pooling

arrangements. Normal trade transactions amounting to £3,800k (2024: £3,421k) are repayable on demand and are interest free. Loans and cash pooling arrangements amounting to £15,588k (2024: £30,772k) owed by fellow subsidiary undertakings are repayable on demand and interest is calculated on a daily basis on Secured Overnight Financing Rate (SOFR) minus 0.5%.

A deferred tax asset is recorded in trade and other receivables at 31 December 2025 and at 31 December 2024 as follows:

At the reporting date, the company has unused tax losses of £15,640k (2024: £19,236k) available for offset against future profits. A deferred tax asset has not been recognised in respect of £Nil (2024: £3,595k) of such losses. No deferred tax asset has been recognised in respect of the remaining£15,640k (2024: £15,640k) as it is not considered probable that there will be future taxable profits available in respect of the business divisions to which these tax losses relate. The tax losses may be carried forward indefinitely.

The amounts owed to parent and group undertakings arise from normal trade transactions or loans/ cash

pooling arrangements. Normal trade transactions amounting to £7,043k (2024: £10,281k) are repayable on demand and are interest free. Loans and cash pooling arrangements owed by fellow subsidiary undertakings amounting to £Nil (2024: £15,961k) are repayable on demand and interest is calculated on a daily basis on Secured Overnight Financing Rate (SOFR) minus 0.5%.

The Company has lease contracts for various offices and warehouses used in the operations. The right of use asset as at 31 December 2025 is £2,187k (2024: £1,444k).

The following shows the follinf amounts due relating to associated lease liabilities arising from these right of use assets:

The Company operates one defined benefit scheme and one defined contribution scheme. In each case the assets are held separately from those of the Company and independently administered.

The Company is a subsidiary undertaking of Samsung Electronics Co. Limited, a Company registered in the Republic of Korea.

The smallest group of which the results of the Company are consolidated is that headed by Harman International Industries, Incorporated, a company registered in the United States of America.

The largest group in which the results of the Company are consolidated is that headed by Samsung Electronics Co. Limited.

The ultimate controlling party of the Company is Samsung Electronics Co. Limited, listed on the Korea Stock Exchange under the symbol KRX. Copies of the financial statements can be seen at the website www.samsung.com.

The immediate parent of the Company is Harman Hungary Financing Limited.

The balance of other reserves primarily relates to an internal restructure, including a hive-up transaction, that occurred in 2018.

Subsequent to the year end, the directors proposed a dividend of £18,000,000. As the dividend was declared after the reporting date, no liability has been recognised in these financial statements. The dividend will be accounted for in the period in which it is approved.