WEBER INSTRUMENTS LIMITEDLiquidiert

WEBER INSTRUMENTS LIMITED

Kollmar

Jahresabschluss zum Geschäftsjahr vom 01.01.2011 bis zum 31.12.2011

WEBER INSTRUMENTS LIMITED, Kildare, Irland

Directors' Report and Financial Statements for the year ended 31 December 2011

Contents

Directors and other information

Directors' report

Statement of Directors' Responsibilities Accountants' report

Profit and loss account

Balance sheet

Notes to the financial statements
including Statement of Accounting Policies

Directors and other Information

The directors present their report and the accounts for the year ended 31 December 2011.

Principal activity and business review

The principal activity of the company is the manufacture of electronic valves and tubes and other electronic components.

Results and dividends

The results for the year are set out on Page 5.

The directors do not recommend payment of a final dividend.

Directors and their interests in Shares of the Company

The directors who served during the year and their interests in the company are as stated below:

The Directors retire from the board by rotation in accordance with the Articles of Association and, boing eligible, offer themselves for re-election.

Books of Account

The measures taken by the directors to ensure compliance with the requirements of Section 202, Companies Act, 1990, regarding proper books of account are the implementation of necessary policies and procedures for recording transactions, the employment of competent accounting personnel and appropriate expertise and the provision of adequate resources to the financial function. The books of account of the company are maintained at the Registered Office.

This report was approved by the Board on 18 September 2012 and signed on its behalf by

Statement of Directors' responsibilities and declaration on unaudited financial statements

The directors made the following statement in respect of the unaudited financial statements:

General Responsibilities

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable Irish law and Generally Accepted Accounting Practice in Ireland including the accounting standards issued by the Accounting Standards Board and published by the Auditing Practices Board in the UK and Ireland.

Irish company law requires the directors to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

The directors confirm that they have complied with the above requirements in preparing the financial statements.

The directors are responsible for keeping proper books of account which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure the financial statements are prepared in accordance with accounting standards generally accepted in Ireland and with Irish statute comprising the Companies Acts 1963 to 2012 and all Regulations to be construed as one with those Acts. They are responsible for ensuring that the company otherwise complies with the provisions of those Acts relating to financial statements in so far as they are applicable to the company.

They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Where financial statements are to be published on the web, the directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website.

Directors' declaration on unaudited financial statements

In relation to the financial statements as set out on pages 5 to 12 :

- The directors approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have prepared on the going concern basis on the grounds that the company will continue in business.

- The directors confirm that they have made available to Gerard Desmond for and on behalf of Desmond Gibbons & Co., all the company's accounting records and provided all the information necessary for all the compilation of the financial statements.

- The directors confirm that to the best of their knowledge and belief, the accounting records reflect all the transactions of the company for the year ended 31st December 2011.

On behalf of the board

Accountants' report on the unaudited financial statements to the directors of Weber Instruments Limited

We have compiled the financial statements for the year ended 31 December 2011 set out on pages 5 to 12.

Respective responsibilities of directors and accountants

As described an Page 3 the directors are responsible for ensuring that the company maintains proper books of account and for preparing financial statements which give a true and fair view and have been properly prepared in accordance with the Companies Acts 1963 to 2012. You are responsible for deciding, on an annual basis, whether the company is entitled to avail of the exemption from statutory audit in accordance with Section 32, Companies (Amendment) (No 2) Act, 1999.

It is our responsibility to compile the financial statements of Weber Instruments Limited from the accounting records, information and explanations supplied to us by the company.

Scope of work

We have compiled the financial statements in accordance with the ICAI Miscellaneous Technical Statement "Compiling and Reporting on Financial Statements not subject to Audit" - M14 - from the accounting records, information and explanations supplied to us by the company.

We have not audited or otherwise attempted to verify the accuracy or completeness of such records, information and explanations and, accordingly, express no opinion an the financial statements.

Date:

Profit and loss account for the year ended 31 December 2011

There are no recognised gains or losses other than the profit or loss for the above two financial years.

On behalf of the board

Balance sheet as at 31 December 2011

The company is availing itself of the exemption provided for by Part III of the Companies (Amendment) (No. 2) Act, 1999 on the grounds that it complies with the requirements of section 32 of that Act. The directors confirm that they have not received a notice requesting an audit in accordance with section 33(1) and (2) of the Act. As set out on Page 3 the directors acknowledge the Obligation of the company to keep proper books of account, prepare financial statements which give a true and fair view of the state of affairs of the company at the financial year and of its Profit or loss for such a year and to otherwise comply with the provisions of the Companies Acts 1963 to 2012 and all Regulations to be construed as one with those Acts.

On behalf of the board

Notes to the financial statements for the year ended 31 December 2011

1. Statement of accounting policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

1.1. Basis of preparation

The accounts have been prepared in accordance with accounting standards generally accepted in Ireland and lrish statute comprising the Companies Acts 1963 to 2012, Accounting Standards generally accepted in Ireland in preparing financial statements giving a true and fair view are those issued by the Accounting Standards Board and published by the Auditing Practices Board in the UK and Ireland.

1.2. Cash flow statement

The company meets the size criteria for a small company set by the Companies (Amendment) Act, 1986 and therefore, in accordance with FRS1: Cash flow statements, it has not prepared a cash flow statement.

1.3. Turnover Policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

1.4. Tangible fixed assets and depreciation

Depreciation

Depreciation is provided an all tangible fixed assets, at rates calculated to write off the cost less residual value, of each asset systematically over its expected useful life, as follows:

1.5. Stock

Stock is valued at the lower of cost and net realisable value.

2. Turnover

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in Ireland.

3. Operating profit

and after crediting:

4. Employees

5. Directors' emoluments

6. Directors and their interests

The directors who served during the year and their interests in the company are as stated below:

The Directors retire from the board by rotation in accordance with the Articles of Association and, being eligible, offer themselves for re-election.

7. Transactions with directors

There were no related party transactions with the directors during the period.

8. Pension costs

The company operates a defined contribution pension scheme. The scheme and its assets are held by independent managers. The pension charge represents contributions (hie from the company and amounted to € 31,192 (2010 - €22,901).

9. Tax on profit on ordinary activities

Factors affecting tax charge for period

The tax assessed for the period is higher than the standard rate of corporation tax in Ireland (12.50 %). The differences are explained below:

10. Tangible fixed assets

11. Debtors

12. Creditors: amounts falling due within one year

13. Share capital

14. Reconciliation of movements in shareholders' funds

15. Accounting Periods

The current accounts are for a Full year. The comparative accounts are for a full year.

16. Approval of financial statements

The financial statements were approved by the Board on 18 September 2012 and signed on its behalf by

The following pages do not form part of the statutory accounts.

Detailed trading profit and lass account
and expenses schedule
for the year ended 31 December 2011

Detailed trading profit and lass account
and expenses schedule
for the year ended 31 December 2011