It all depends on what you want to do with the variable. What will the UserControls do with this information ?
In answer to your comment. You should create a public property in your main form, something like this:-
Public Property CompHost() As String
Get
return compHost
End Get
Set(ByVal Value As String)
compHost = Value
End Set
End Property
then in your user control you create a constructor that takes a string as a parameter and pass in this property when you open it, something like this:-
Public
Class myUserControl
Public Sub myUserControl(compHost As String)
End Sub
End Class
Maybe this will give you a better idea. Good luck!