REGISTERED NUMBER: 03505001 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

JOHANSON DIELECTRICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr K W Johanson

Mr J Greene

REGISTERED OFFICE:

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

REGISTERED NUMBER:

03505001 (England and Wales)

AUDITORS:

Richardson Jones

Chartered Accountants &

Registered Auditors

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

CURRENT ASSETS

Debtors

4

1,216

30,182

Cash at bank

-

25,801

1,216

55,983

CREDITORS

Amounts falling due within one year

5

6,647

38,380

NET CURRENT (LIABILITIES)/ASSETS

(5,431

)

17,603

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,431

)

17,603

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(5,531

)

17,503

SHAREHOLDERS' FUNDS

(5,431

)

17,603

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 7th November 2025 and were signed on its behalf by:

Mr K W Johanson - Director

Mr J Greene - Director

1.	STATUTORY INFORMATION

Johanson Dielectrics 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

Going concern

The financial statements have been prepared on a going concern basis. The directors consider this to be appropriate whilst the ultimate parent company requires a sales representative office in the United Kingdom. Accordingly, the financial statements do not include any adjustments that would result from withdrawal of support by the parent company.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and

assumptions that affect reported amounts in the financial statements. Management bases its judgements,

estimates and assumptions on historical experience and on other factors, including expectations of future events, which management believes to be reasonable under the circumstances. Actual results may differ from these estimates.

Management continually evaluates its judgements and estimates in relation to assets, liabilities, contingent

liabilities, revenues, and expenses. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision only affects that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover represents funding receivable from Johanson Technology Inc, a fellow subsidiary company, to meet the costs incurred by the company as they arise, net of funds repaid.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

293

4,144

Prepayments and accrued income

923

26,038

1,216

30,182

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

-

6,300

Tax

1,044

-

Social security and other taxes

923

15,837

Pensions

-

1,112

Net wages

-

10,392

Accrued expenses

4,680

4,739

6,647

38,380

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

The Report of the Auditors was unqualified.

Kevin Ellerby (Senior Statutory Auditor)

for and on behalf of Richardson Jones

7.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Johanson Ventures Inc., a company incorporated in the State of California, USA. Business address: 4001 Calle Tecate, Camarillo, CA 93012.

Johanson Ventures, Inc, the ultimate parent company, is the company that draws up the consolidated financial statements.

During the year under review, net funding of £92,272 (2023: £223,584) was received from Johanson Technology Inc., which is also incorporated in California and which is 100% subsidiary of Johanson Ventures Inc.

As at the balance sheet date, Johanson Dielectrics Ltd owed Johanson Technology Inc £nil (2023: £nil).