It can be appealed but it'd cost a fortune - I don't know if we have any bitcoin law people in the UK yet but it'd be a good one to appeal the judgement as it resctricts our right to access.
Discussion
Yes, this can escalate up to the High Court:
The High Court of Justice in London, known properly as His Majesty's High Court of Justice in England, together with the Court of Appeal and the Crown Court, are the Senior Courts of England and Wales. Its name is abbreviated as EWHC for legal citation purposes.