REGISTERED NUMBER: 05591371 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

CELLULAR TECHNOLOGY EUROPE LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

5

1,234

1,796

CURRENT ASSETS

Stocks

100,743

315,310

Debtors

6

116,620

143,698

Cash at bank

145,777

75,106

363,140

534,114

CREDITORS

Amounts falling due within one year

7

28,919

156,938

NET CURRENT ASSETS

334,221

377,176

TOTAL ASSETS LESS CURRENT LIABILITIES

335,455

378,972

PROVISIONS FOR LIABILITIES

234

-

NET ASSETS

335,221

378,972

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

334,221

377,972

SHAREHOLDERS' FUNDS

335,221

378,972

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 Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

J Hickl - Director

Mr D Spicher - Director

1.	STATUTORY INFORMATION

Cellular Technology Europe Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05591371 and the registered office address is 7 Marconi Gate, Staffordshire Technology Park, Stafford, Staffordshire, ST18 0FZ. The business trading address is Suite 6, 35 Lonsdale Road, Harborne, Birmingham. B17 9RA.

The presentation of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis and under the historical cost convention.

Significant judgements and estimates

The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. Management considers that certain accounting assumptions relating to revenue, taxation, stock and provisions are its critical accounting policies.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete to sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

Brexit continues to have only minor impact on the business, as stock is based in The Netherlands (Rapid Logistics) and UK customer base is very small.

The 2025 results for Cellular Technology Europe were below 2024 results and 2025 forecast due to major supply issues for Celltech 52, 60 and 66.

An alternative producer for Celltech 50 and 52 has been found. Celltech 50 was provided in 2026 quarter one and we are confident that orders for Celltech 52 will be made in quarter two, which should bring turnover levels back to earlier years.

The directors do not consider that a material uncertainty about the going concern status exists. The company has continued to prepare the accounts on a going concern basis and deem this to be appropriate.

In making this assessment the directors have considered the likely trading conditions for a period of twelve months from approval of these accounts.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

14,174

5,329

19,503

DEPRECIATION

At 1 January 2025

13,112

4,595

17,707

Charge for year

265

297

562

At 31 December 2025

13,377

4,892

18,269

NET BOOK VALUE

At 31 December 2025

797

437

1,234

At 31 December 2024

1,062

734

1,796

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

107,809

135,114

Other debtors

7,238

7,020

VAT

609

542

Prepayments

964

1,022

116,620

143,698

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

16,476

110,447

Taxation

(4,243

)

-

Social security and other taxes

2,095

3,421

Accrued expenses

14,591

43,070

28,919

156,938

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

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

The Report of the Auditors was unqualified.

Adele Lawton (Senior Statutory Auditor)

for and on behalf of Lawton Bradford Accountants Ltd

10.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £1,916.71 (2024: £13,416.67) of which £1,916.71 (2024: £11,500) is due within one year.

11.	RELATED PARTY DISCLOSURES

During the year, the company sold goods totalling £Nil (2024 - £Nil) and purchased goods totalling £116,782.42 (2024 - £192,495.26) from Cellular Technology International Inc (incorporated in the USA), the parent company. As at the 31 December 2025 £276.80 (2024 - £28,226) was due to Cellular Technology International Inc, the parent company.

Transactions between Cellular Technology Europe Limited and Cellular Technology International Inc are conducted on commercial terms at arms length prices.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Cellular Technology International Inc.

Cellular Technology International Inc, is the parent company and is registered in the USA. The registered office and principal place of business is 1690 Roberts Blvd, Suite 118 Kennesaw, Georgia 30144, USA.