Hi. I want to build a small circuit and use a lithium battery as a power source. The circuit will contain a small microprocessor, digital microphone and 4 small leds. Do I need to build voltage regulator even if voltage stays in the range that my components need? I mean, it says in the datasheet microprocessor can work between 2v-5v and so is the microphone. Can I just connect the battery to circuit and some voltage divider resistors for leds? Does the circuit work efficiently until battery drops to 2v ? The battery is a small rechargable li-ion battery.