ACCOUNTS - Final Accounts preparation

Registered number: 01802762

BERAN INSTRUMENTS LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

BERAN INSTRUMENTS LIMITED

REGISTERED NUMBER:01802762

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	5		16,104		54,543
Tangible assets	6		1,631,139		1,642,719
			1,647,243		1,697,262
Current assets
Stocks	7	1,243,233		1,073,363
Debtors: amounts falling due after more than one year	8	57,128		150,728
Debtors: amounts falling due within one year	8	2,984,485		2,844,064
Cash at bank and in hand	9	4,011		15,390
		4,288,857		4,083,545
Creditors: amounts falling due within one year	10	(3,684,375)		(3,703,363)
Net current assets			604,482		380,182
Total assets less current liabilities			2,251,725		2,077,444
Provisions for liabilities
Deferred tax			(153,818)		(177,309)
Net assets			2,097,907		1,900,135

Capital and reserves
Called up share capital	12	3,926	3,926
Share premium account	13	284,488	284,488
Revaluation reserve	13	141,178	141,178
Profit and loss account	13	1,668,315	1,470,543
		2,097,907	1,900,135

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BERAN INSTRUMENTS LIMITED

REGISTERED NUMBER:01802762

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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BERAN INSTRUMENTS LIMITED

REGISTERED NUMBER:01802762

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

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

R J Allen ACMA

Director

Date: 11 September 2026

The notes on pages 4 to 15 form part of these financial statements.

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BERAN INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	GENERAL INFORMATION

Beran Instruments Limited, registered number 01802762, is a private company, limited by shares and incorporated in England and Wales. The registered office is Hatchmoor Industrial Estate, Great Torrington, North Devon, EX38 7HP.

The Company's principal activities and nature of its operations are disclosed in the Directors' Report.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The Company generated a profit of £198k (2024: profit of £76k) during the year ended 31 December 2025 and, as of that date, the Company had net assets of £2,098k (2024: £1,900k).

The Company and the Group rely on its existing bank facilities to meet their day-to-day working capital requirements, and these facilities were renewed at favourable terms for both the Company and Group during 2026.

The Group includes Condition Monitoring Technology Group Holdings Limited, Condition Monitoring Technology Group Limited, Helitune Limited, Beran Instruments Limited, Prosig Limited, DJB Instruments (UK) Limited & its overseas subsidiaries as set out in Note 15 of the Parent company’s financial statements.

The Directors have prepared detailed forecasts covering a period of at least 12 months from the date of approval of these financial statements. These forecasts, together with the strong performance against forecast in H1 2026 indicate that the Company expects to be able to comfortably operate within these facilities for the whole of the foreseeable future and will be able to meet its liabilities as they fall due. As a result, the Directors conclude that it is appropriate to adopt the going concern basis in preparing the financial statements for the year ending 31 December 2025.

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BERAN INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (continued)

2.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

				Development expenditure	-		Case-by-case basis reflecting the period of benefits
				Computer Software	-		20% - 25% straight line

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BERAN INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (continued)

2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold land and buildings	-	2%
Plant and machinery	-	7% - 20%
Motor vehicles	-	25%
Fixtures, fittings and equipment	-	15% - 25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

DEVELOPMENT COSTS

Research costs are written off as incurred. Development costs are capitalised within intangible assets, where they can be identified with a specific product or project anticipated to produce future benefits, and are amortised on the straight line basis over the anticipated life of the benefits arising from the completed product or project, which the directors review on a project-by-project basis to a maximum of five years.

Capitalised development costs are reviewed annually, and where future benefits are deemed to have ceased or to be in doubt, the balance of any related development is written off to the Statement of Income and Retained Earnings.

Where the conditions of Section 18 of FRS 102 are not satisfied, expenditure on development is written off as incurred.

2.7

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

2.8

DEBTORS

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.

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BERAN INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (continued)

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.

2.10

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. Any deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

2.12

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.

2.13

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.

2.14

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

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BERAN INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (continued)

2.15

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

2.16

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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BERAN INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

3.	JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Company’s accounting policies, the directors are required to make judgments, 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.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Amortisation and impairment of development costs
The Company's products are subject to changing market demand. It is therefore necessary to consider on a periodic basis the rate of amortisation applied to capitalised development costs and any impairment that might have arisen. Management assesses impairments by considering the saleability of the related products in the light of technological developments and projected future market conditions.

Useful economic lives of tangible assets
The annual depreciation charge is sensitive to any changes in the estimated useful life and residual values of tangible assets. The useful economic lives and residual value is assessed on an annual basis and are amended only when evidence shows a change in the estimated economic lives or residual life. Criteria used to assess the economic life and residual value includes technological advancement, economic utilisation, physical condition of the asset and future investments.

Impairment of stocks
The Company's products are subject to changing market demand. It is therefore necessary to consider on a periodic basis the recoverability of the cost of stocks and the associated impairment. Management calculates impairments by considering the nature and condition of the stocks and applies assumptions around anticipated saleability of finished goods and future usage of raw materials, overheads and labour.

Carrying Value of debtors
On a periodic basis management makes an estimation of the recoverability of debtors. Management makes such estimations based on the credit rating of debtors, the ageing profile, and historical experience.

The recoverability of intercompany debtor balances is a key area of judgment in the preparation of these financial statements. Management assesses whether intercompany debtor balances are recoverable based on the financial position, liquidity, and future cash flow projections of the debtor entity, as well as the nature and terms of the intercompany arrangements.

The assessment of recoverability involves significant estimates and assumptions. Changes in these estimates, or the emergence of new information, could result in material adjustments to the carrying value of the intercompany debtor balances.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 49 (2024:47).

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BERAN INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	INTANGIBLE ASSETS

	Development expenditure	Computer software	Total
	£	£	£
COST
At 1 January 2025	781,497	576,172	1,357,669
Additions	-	4,096	4,096
At 31 December 2025	781,497	580,268	1,361,765
AMORTISATION
At 1 January 2025	781,497	521,629	1,303,126
Charge for the year	-	42,535	42,535
At 31 December 2025	781,497	564,164	1,345,661
NET BOOK VALUE
At 31 December 2025	-	16,104	16,104
At 31 December 2024	-	54,543	54,543

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BERAN INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

	6.	TANGIBLE FIXED ASSETS

	Freehold land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
	£	£	£	£	£
COST
At 1 January 2025	1,795,865	726,403	102,322	1,024,949	3,649,539
Additions	-	77,988	-	10,345	88,333
Disposals	-	(4,670)	-	-	(4,670)
At 31 December 2025	1,795,865	799,721	102,322	1,035,294	3,733,202
DEPRECIATION
At 1 January 2025	304,552	648,101	94,241	959,926	2,006,820
Charge for the year	32,992	29,305	8,081	24,865	95,243
At 31 December 2025	337,544	677,406	102,322	984,791	2,102,063
NET BOOK VALUE
At 31 December 2025	1,458,321	122,315	-	50,503	1,631,139
At 31 December 2024	1,491,313	78,302	8,081	65,023	1,642,719

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BERAN INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	STOCKS
		2025	2024
		£	£

Raw materials and consumables	358,030	361,651
Work in progress	568,976	491,320
Finished goods and goods for resale	316,227	220,392
	1,243,233	1,073,363

8.	DEBTORS
		2025	2024
		£	£

DUE AFTER MORE THAN ONE YEAR
Other debtors	57,128	150,728

					2025	2024
					£	£

DUE WITHIN ONE YEAR
Trade debtors	479,674	758,408
Amounts owed by group undertakings	1,949,690	1,651,135
Other debtors	200,531	156,070
Prepayments and accrued income	354,590	278,451
	2,984,485	2,844,064

9.	CASH AND CASH EQUIVALENTS
		2025	2024
		£	£

Cash at bank and in hand	4,011	15,390
Less: bank overdrafts	(271,990)	(417,197)
	(267,979)	(401,807)

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BERAN INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Bank overdrafts	271,990	417,197
Bank loans	-	120,400
Trade creditors	274,145	490,888
Amounts owed to group undertakings	2,555,112	2,131,286
Other taxation and social security	116,504	180,430
Other creditors	18,190	43,352
Accruals and deferred income	448,434	319,810
	3,684,375	3,703,363

11.	DEFERRED TAXATION

		2025
		£

	At beginning of year	(177,309)
	Charged to profit or loss	23,491
	AT END OF YEAR	(153,818)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances	(199,990)	(270,170)
Tax losses carried forward	43,869	43,375
Short term timing differences	2,303	11
Capital losses	-	49,475
	(153,818)	(177,309)

12.	SHARE CAPITAL
		2025	2024
		£	£

AUTHORISED, ALLOTTED, CALLED UP AND FULLY PAID

3,926 (2024:3,926) Ordinary shares of £1.00 each	3,926	3,926

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BERAN INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

13.

RESERVES

Share premium account

The share premium account reflects consideration received for shares issued above their nominal value net of transaction costs.

Revaluation reserve

The revaluation reserve reflects the adjustment made to the carrying of the Company's freehold property on transition to FRS 102 on 1 October 2013 when the Company elected to use a valuation of the freehold property as its deemed cost.

14.	CONTINGENT LIABILITIES

The Company is party to a cross-guarantee in favour of Santander UK Plc in respect of all amounts owed by Condition Monitoring Technology Group Holdings Limited, Condition Monitoring Technology Group Limited, Beran Instruments Limited, Helitune Limited, Prosig Limited and DJB Instruments (UK) Limited. At the year end, the total amounts outstanding comprised overdrafts of £907,416 (2024: £1,311,729) and term loans of £1,182,112 (2024: £1,606,408).

The Company is party to a group VAT registration covering Condition Monitoring Technology Group Limited, Beran Instruments Limited and Helitune Limited, and is therefore jointly and severally liable for any amounts due. At the year end, the total amount owed to HMRC was £50,514 (2024: £58,125).

15.	PENSION COMMITMENTS

The Company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. During the year £88,895 (2024: £87,717) was charged to the Statement of Income and Retained Earnings in respect of the scheme. Contributions of £12,117 (2024: £89) remained outstanding at the Statement of Financial Position date.

16.

RELATED PARTY TRANSACTIONS

The Company has taken advantage of the exemption under Section 33 of FRS 102 and has not reported details of transactions or balances with other wholly-owned group companies. Details of transactions with other related parties are given below.

Transactions with directors and their relatives

During the year, the company maintained a loan account with a Director. At the year end, the Director owed the company £Nil (2024: £63,600). The loan bears interest at an annual rate of 3%. The total interest charged on this loan during the year was £308 (2024: £2,581).

During the year, the company maintained a loan account with a second Director. At the year end, the second Director owed the company £57,128 (2024: £87,128). The loan bears interest at an annual rate of 3%. The total interest charged on this loan during the year was £2,198 (2024: £2,869).

During the year, the company purchased services totalling £12,000 (2024: £7,926) from a company in which P Huber, the Director of a group company, also acts as a Director. At the year end, the company owed £4,500 (2024: Nil).

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BERAN INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

17.	CONTROLLING PARTY

The ultimate parent company is Condition Monitoring Technology Group Holdings Limited, a company incorporated in the United Kingdom and registered in England and Wales. Condition Monitoring Technology Group Holdings Limited heads the largest and smallest group in which the results of the Company are consolidated. The consolidated financial statements of Condition Monitoring Technology Group Holdings Limited can be obtained from the company's registered office, Hatchmoor Industrial Estate, Great Torrington, North Devon, EX38 7HP.

18.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 11 September 2026 by Fleur Lewis FCA (Senior statutory auditor) on behalf of Bishop Fleming Audit Limited.

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