REGISTERED NUMBER: 10250084 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

LOGIC WIRELESS EUROPE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

W R Rowe

REGISTERED OFFICE:

12A Vicarage Farm Business Park

Winchester Road

Fair Oak

SO50 7HD

REGISTERED NUMBER:

10250084 (England and Wales)

SENIOR STATUTORY AUDITOR:

David Barr FCA

AUDITORS:

Shaw Gibbs (Audit) Limited

Chartered Certified Accoutants

Statutory Auditor

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

-

964

CURRENT ASSETS

Stocks

1,028

26,655

Debtors

5

62,002

40,810

Cash at bank

68,247

118,719

131,277

186,184

CREDITORS

Amounts falling due within one year

6

(25,438

)

(53,888

)

NET CURRENT ASSETS

105,839

132,296

TOTAL ASSETS LESS CURRENT LIABILITIES

105,839

133,260

CREDITORS

Amounts falling due after more than one year

7

(4,785

)

-

NET ASSETS

101,054

133,260

CAPITAL AND RESERVES

Called up share capital

8

801,001

801,001

Retained earnings

(699,947

)

(667,741

)

SHAREHOLDERS' FUNDS

101,054

133,260

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2026 and were signed by:

W R Rowe - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

In the year ended 31st December 2025 the company's only site ceased to operate and its activities were transferred to other group companies. The company's financial statements have been prepared on the going concern basis which is not significantly different to the break by basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured and it is probable that the future economic benefits will flow to the entity which is usually on despatch of goods.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Plant and equipment 33.33% Straight line basis

Fixture and fittings 33.33% Straight line basis

Computers 33.33% Straight line basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

The accounts have been prepared on the going concern basis and the directors confirm that they are satisfied that the company has adequate resources as a going concern for the foreseeable future. This has been determined by review of cash flow forecasts of at least 12 months from the date of the financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

33,764

Disposals

(33,764

)

At 31 December 2025

-

DEPRECIATION

At 1 January 2025

32,800

Eliminated on disposal

(32,800

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

964

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

59,738

38,187

Other debtors

2,264

2,623

62,002

40,810

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

533

13,027

Taxation and social security

13,235

20,421

Other creditors

11,670

20,440

25,438

53,888

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

4,785

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

801,001

Ordinary

1

801,001

801,001

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

The Report of the Auditors was unqualified.

David Barr FCA (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited

10.	CONTROLLING PARTY

Logic Wireless Europe Limited is wholly owned by CSE Technologies Pte. Limited which is incorporated in Singapore. The parent and ultimate controlling party of CSE Technologies Pte. Ltd is CSE Global Ltd, also incorporated in Singapore.

Logic Wireless Europe Limited is incorporated in the consolidated financial statements of CSE Global Ltd which can be obtained from the company's registered office: 1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore, 098632.

The company is exempt from disclosing related party transactions with other 100% owned members of the group headed CSE Global Ltd by virtue of FRS102 section 33.1A.

11.	TRANSACTIONS WITH RELATED PARTIES

During the year to 31 December 2025, services and goods were supplied to companies which have a common direct to Logic Wireless Europe Limited. The total of these sales was £16,936 (2024: £140,310) and the balance due from these companies as the year end was £Nil (2024: £15,942). These sales were conducted under normal market conditions.

12.	PENSION CONTRIBUTIONS

The company operated a defined contrition pension scheme for all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. During the year the company made contributions to the pension scheme amounting to £881 (2024: £1,321).