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REGISTERED NUMBER: SC470082 (Scotland)

| RENEWABLE KINETICS LTD |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 28TH FEBRUARY 2025 |

RENEWABLE KINETICS LTD (REGISTERED NUMBER: SC470082)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

Page |

Company Information | 1 |

Chartered Certified Accountants' Report | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 5 |

RENEWABLE KINETICS LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 28TH FEBRUARY 2025

| DIRECTOR: | J Henderson

| SECRETARY: | L W Henderson

| REGISTERED OFFICE: | The Dykes

| Sandylock Drive

| Upper Sound

| Lerwick

| Shetland

| ZE1 0SR

| REGISTERED NUMBER: | SC470082 (Scotland)

| ACCOUNTANTS: | russell + russell

| Chartered Certified Accountants

| 4 Royal Crescent

| Glasgow

| G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

RENEWABLE KINETICS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Renewable Kinetics Ltd for the year ended 28th February 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Renewable Kinetics Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Renewable Kinetics Ltd and state those matters that we have agreed to state to the director of Renewable Kinetics Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Renewable Kinetics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Renewable Kinetics Ltd. You consider that Renewable Kinetics Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Renewable Kinetics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

16th September 2025

RENEWABLE KINETICS LTD (REGISTERED NUMBER: SC470082)

BALANCE SHEET

28TH FEBRUARY 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 524,132 |  | 502,221 |  |

Investments | 5 | 8,000 |  | 20,000 |  |

532,132 |  | 522,221 |  |

CURRENT ASSETS

Debtors | 6 | 69,984 |  | 34,979 |  |

Cash at bank | 294,519 |  | 119,884 |  |

364,503 |  | 154,863 |  |

CREDITORS

Amounts falling due within one year | 7 | 72,966 |  | 4,960 |  |

NET CURRENT ASSETS | 291,537 |  | 149,903 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 823,669 |  | 672,124 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (48,610 | ) | (90,610 | ) |

PROVISIONS FOR LIABILITIES | (120,805 | ) | (110,045 | ) |

NET ASSETS | 654,254 |  | 471,469 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 654,154 |  | 471,369 |  |

SHAREHOLDERS' FUNDS | 654,254 |  | 471,469 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RENEWABLE KINETICS LTD (REGISTERED NUMBER: SC470082)

BALANCE SHEET - continued

28TH FEBRUARY 2025

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 director and authorised for issue on 16th September 2025 and were signed by:

J Henderson - Director

RENEWABLE KINETICS LTD (REGISTERED NUMBER: SC470082)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

1. | STATUTORY INFORMATION

| Renewable Kinetics Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Going concern

| The financial statements have been prepared on the going concern basis. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future

| Turnover

| The turnover shown in the profit and loss account represents the sales value of work done during the year in relation to the rental of floating pontoon systems and the sale of second hand goods, exclusive of Value Added Tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Plant & machinery |  | - 3% straight line |  |

| Computer equipment |  | - 20% straight line |  |

| Marine Vessels are included at fair value. Gains are recognised in the income statement. Deferred tax is provided on these gains at the rate at the balance sheet date.

| Freehold property is included at fair value. Gains are recognised in the income statement. Deferred tax is provided on these gains at the rate at the balance sheet date.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

RENEWABLE KINETICS LTD (REGISTERED NUMBER: SC470082)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Marine |  | Computer |

| property |  | machinery |  | Vessels |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1st March 2024 | 48,000 |  | 112,750 |  | 355,000 |  | 500 |  | 516,250 |  |

| Disposals | - |  | (1,200 | ) | - |  | - |  | (1,200 | ) |

| Revaluations | (33,000 | ) | - |  | 45,000 |  | - |  | 12,000 |  |

| At 28th February 2025 | 15,000 |  | 111,550 |  | 400,000 |  | 500 |  | 527,050 |  |

| DEPRECIATION

| At 1st March 2024 | - |  | 13,529 |  | - |  | 500 |  | 14,029 |  |

| Charge for year | - |  | (11,017 | ) | - |  | - |  | (11,017 | ) |

| Eliminated on disposal | - |  | (94 | ) | - |  | - |  | (94 | ) |

| At 28th February 2025 | - |  | 2,418 |  | - |  | 500 |  | 2,918 |  |

| NET BOOK VALUE

| At 28th February 2025 | 15,000 |  | 109,132 |  | 400,000 |  | - |  | 524,132 |  |

| At 29th February 2024 | 48,000 |  | 99,221 |  | 355,000 |  | - |  | 502,221 |  |

| Cost or valuation at 28th February 2025 is represented by:

| Freehold |  | Plant and |  | Marine |  | Computer |

| property |  | machinery |  | Vessels |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2025 | 15,000 |  | - |  | 400,000 |  | - |  | 415,000 |  |

| Cost | - |  | 111,550 |  | - |  | 500 |  | 112,050 |  |

15,000 |  | 111,550 |  | 400,000 |  | 500 |  | 527,050 |  |

RENEWABLE KINETICS LTD (REGISTERED NUMBER: SC470082)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH FEBRUARY 2025

4. | TANGIBLE FIXED ASSETS - continued

| If Marine Vessels had not been revalued they would have been included at the following historical cost:

| 28.2.25 |  | 29.2.24

£ | £ |

| Cost | 203,893 |  | 203,893 |  |

| Marine Vessels were valued on an open market basis on 28th February 2025 by John Henderson .

| Freehold Property was revalued during the year, had they not been revalued, they would be included at the following historical cost:

|  | 28.2.25 |  |  | 28.2.24 |  |

|  | £ |  |  | £ |  |

| Cost |  | 48,000 |  |  | 48,000 |  |

5. | FIXED ASSET INVESTMENTS

| Unlisted

| investments

£ |

| COST OR VALUATION

| At 1st March 2024 | 20,000 |  |

| Disposals | (12,000 | ) |

| At 28th February 2025 | 8,000 |  |

| NET BOOK VALUE

| At 28th February 2025 | 8,000 |  |

| At 29th February 2024 | 20,000 |  |

| Cost or valuation at 28th February 2025 is represented by:

| Unlisted

| investments

£ |

| Valuation in 2025 | 8,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Trade debtors | 69,984 |  | 34,068 |  |

| Other debtors | - |  | 911 |  |

69,984 |  | 34,979 |  |

RENEWABLE KINETICS LTD (REGISTERED NUMBER: SC470082)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH FEBRUARY 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Taxation and social security | 70,197 |  | 2,500 |  |

| Other creditors | 2,769 |  | 2,460 |  |

72,966 |  | 4,960 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Other creditors | 48,610 |  | 90,610 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 28.2.25 |  | 29.2.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

10. | ULTIMATE CONTROLLING PARTY

| The company was under the control of J Henderson throughout the current and previous year.