REGISTERED NUMBER: 03694622 (England and Wales)

Birch Energy Limited

Financial Statements for the Year Ended 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E G R Arnott

C Fincher

P T Fitzgerald

P Hogan

M Kiefer

B P Dell

A W Forman

REGISTERED OFFICE:

Melton Ross Quarries

Barnetby

North Lincolnshire

DN38 6AE

REGISTERED NUMBER:

03694622 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

FIXED ASSETS

Investments

4

50

50

CURRENT ASSETS

Debtors

5

1,569,999

1,670,903

Cash at bank

100

100

1,570,099

1,671,003

CREDITORS

Amounts falling due within one year

6

919,591

1,080,245

NET CURRENT ASSETS

650,508

590,758

TOTAL ASSETS LESS CURRENT LIABILITIES

650,558

590,808

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

650,557

590,807

SHAREHOLDERS' FUNDS

650,558

590,808

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 Board of Directors and authorised for issue on 23rd September 2025 and were signed on its behalf by:

A W Forman - Director

1.	STATUTORY INFORMATION

Birch Energy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 on under the historical cost convention.

The financial statements have been prepared in pound sterling rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

After the balance sheet date but before the date on which these financial statements were approved, the Board has taken steps to hive up the trade and assets of the Company to its parent undertaking, with the intention for the Company to cease trading within the next twelve months. Whilst the Company is unlikely to remain operational beyond that period-and consequently cannot adopt the going concern basis for the preparation of its financial statements-the Directors are satisfied that the carrying values of the assets and liabilities remain appropriate, as they are all considered to be fully recoverable and payable.

Financial instruments

The company mainly enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable after more than one year are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

Loan notes which are basic financial instruments are initially recorded at the present value of future payments discounted at a market rate of interest for a similar loan. Subsequently, they are measured at amortised cost using the effective interest method. Loan notes that are receivable or payable within one year are not discounted.

Taxation

Current tax represents the amount payable or receivable in respect of the taxable profit or loss for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Investments

Fixed asset investments are included at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

At 1st January 2024

and 31st December 2024

50

NET BOOK VALUE

At 31st December 2024

50

At 31st December 2023

50

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

19,999

20,953

Amounts falling due after more than one year:

Amounts owed by joint ventures

1,550,000

1,649,950

Aggregate amounts

1,569,999

1,670,903

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

919,591

1,060,366

Taxation and social security

-

19,879

919,591

1,080,245

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jamie Chilcott ACA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

9.	CONTINGENT LIABILITIES

The company is party to a composite multilateral guarantee and debenture together with its UK parent undertakings in respect of the group borrowings which are secured, in part, by fixed and floating charges over the assets of the company. The potential liability to the company under the arrangement at 31 December 2024 was £nil.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

Singleton Birch Limited is the immediate parent company and its registered office is the same as is listed on page 1. Singleton Birch Limited is regarded as the parent undertaking of the smallest group for which group accounts are prepared and made publicly available. The ultimate parent company in the UK is Mississippi Lime UK Limited which owns 100% of the entire issued share capital of the Singleton Birch Limited. Copies of the group accounts can be obtained from Companies House.

HBM Holdings Company (incorporated in USA) is regarded by the directors as being the Company's ultimate parent holding company. Its registered office address is Suite 1050, 101 South Hanley Road, St. Louis, MO 63105, USA. The largest group in which the results of the company are consolidated is that headed by HBM Holdings Company however, these accounts are not publicly available.

There is no ultimate controlling party.