Peek Vision Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Peek Vision Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09937174 . The registered office is 3rd Floor, 86-90 Paul Street, London, EC2A 4NE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office Equipment	4 years
Computer Equipment	4 years

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The company does not make any provision for current or deferred tax payable as it has entered a binding agreement to transfer all otherwise taxable profits to the parent charitable company. Amounts recoverable in relation to Research and Development are shown as taxation credits in the profit and loss account and recorded as income on receipt.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Page 2

Page 3

Peek Vision Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.9. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

The average number of salaried employees in the UK, during the year ended 31 December 2025 was 20 (2024: 18). Additional overseas and related staff totalled to 34 (2024: 29)

4. Tangible Assets

	Office Equipment	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	1,868	157,947	159,815
Additions	-	46,759	46,759
Disposals	(1,868 )	-	(1,868 )

As at 31 December 2025	-	204,706	204,706

Depreciation
As at 1 January 2025	1,868	96,250	98,118
Provided during the period	-	33,474	33,474
Disposals	(1,868 )	-	(1,868 )

As at 31 December 2025	-	129,724	129,724

Net Book Value
As at 31 December 2025	-	74,982	74,982

As at 1 January 2025	-	61,697	61,697

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	51,174	66,001
Prepayments and accrued income	99,006	103,839
Intercompany Loan - The Peek Foundation (Dr)	92,921	1,604
Loan	74,228	79,903
Other debtors - Cycle to Work	833	833

...CONTINUED

Page 3

Page 4

Peek Vision Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Other debtors - Bomaid Refund	396	-
Intercompany Loan - Peek Vision Proprietary (Dr)	27,059	96,210
VAT	49,022	26,394

	394,639	374,784

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	24,467	23,812
Pensions Payable	10,855	-
Accruals and deferred income	212,485	130,831

	247,807	154,643

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	500,000	500,000

8. Related Party Transactions

The Peek Vision Foundation

Peek Vision Ltd is a wholly owned subsidiary of The Peek Vision Foundation.

The financial statements do not include disclosure of transactions between Peek Vision Ltd and The Peek Vision Foundation. As a 100% controlled subsidiary undertaking, Peek Vision Ltd is exempt from the requirements to disclose such transactions under FRS102 Section 9. Director's remuneration of £100,240 was paid to 1 director during the year (2024: £97,230 - 1 director).

Peek Vision Proprietary Limited

Peek Vision Proprietary Ltd (a Company Incorporated in Botswana No. BW00000520922) is a wholly owned subsidiary of Peek Vision Ltd.

The financial statements do not include disclosure of transactions between Peek Vision Ltd and Peek Vision Proprietary Ltd. As a 100% controlled subsidiary undertaking, Peek Vision Ltd is exempt from the requirements to disclose such transactions under FRS102 Section 9.

9. Ultimate Controlling Party

The company's ultimate controlling party is The Peek Vision Foundation by virtue of its ownership of 100% of the issued share capital in the company. The Peek Vision Foundation is a charity registered under the Charities Act 2011, charity registration No. 1165960 (England & Wales), and a company limited by guarantee incorporated in the UK, company registration No. 09919543. The registered office of The Peek Vision Foundation is 3rd Floor, 86-90 Paul Street, London, United Kingdom, EC2A 4NE.

10. Audit Information

The auditor's report on the accounts of Peek Vision Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Samuel Ketcher FCCA (Senior Statutory Auditor) for and on behalf of Xeinadin Audit Limited, 12 Conqueror Court, Sittingbourne, Kent, ME10 5BH, Chartered Accountants , Statutory Auditor.

Page 4

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		74,982		61,697

			74,982		61,697
CURRENT ASSETS
Debtors	5	394,639		374,784
Cash at bank and in hand		777,845		393,021

		1,172,484		767,805
Creditors: Amounts Falling Due Within One Year	6	(247,807 )		(154,643 )

NET CURRENT ASSETS (LIABILITIES)			924,677		613,162

TOTAL ASSETS LESS CURRENT LIABILITIES			999,659		674,859

NET ASSETS			999,659		674,859

CAPITAL AND RESERVES
Called up share capital	7		500,000		500,000
Profit and Loss Account			499,659		174,859

SHAREHOLDERS' FUNDS			999,659		674,859