EIB Fusion Limited

	Page
Abridged Statement of Financial Position	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 08858060

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		1,130,554		130,554

			1,130,554		130,554
CURRENT ASSETS
Debtors		31,325		375,051
Cash at bank and in hand		13,912		262

		45,237		375,313
Creditors: Amounts Falling Due Within One Year		(15,307 )		(120,500 )

NET CURRENT ASSETS (LIABILITIES)			29,930		254,813

TOTAL ASSETS LESS CURRENT LIABILITIES			1,160,484		385,367

Creditors: Amounts Falling Due After More Than One Year			(19,261 )		(22,909 )

NET ASSETS			1,141,223		362,458

CAPITAL AND RESERVES
Called up share capital	5		180,000		180,000
Share premium account			83,502		83,502
Revaluation reserve	6		1,000,000		-
Income Statement			(122,279 )		98,956

SHAREHOLDERS' FUNDS			1,141,223		362,458

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EIB Fusion Limited

Abridged Statement of Financial Position (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Harald Torbjorn Gabriel Jakob Kinde

Director

29/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

EIB Fusion Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08858060 . The registered office is Studio 5, 13 Soho Square, London, W1D 3QF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

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EIB Fusion Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

4. Investments

	Total
	£
Cost or Valuation
As at 1 January 2024	130,554
Revaluations	1,000,000

As at 31 December 2024	1,130,554

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	1,130,554

As at 1 January 2024	130,554

The company has shareholdings in:

- EEW Renewables Limited (www.eewrenew.com), (https://find-and-update.company-information.service.gov.uk/company/11794857) - 50,000 ordinary shares with a market value US$3 per share valuing these shares at US$150,000. See also (https://compassdigitalspac.com/investor-relations/press-release-details/2024/EEW-Renewables-and-Compass-Digital-Acquisition-Corp.-Announce-Release-of-Investor-Webcast-Related-to-Proposed-Business-Combination/default.aspx);

- EEW H2 Limited (www.eewh2.co.uk), (https://find-and-update.company-information.service.gov.uk/company/13775984) - 1,187,664 ordinary shares with a market value of US$1.5 per share valuing the shares at US$1.8 million;

- InfraGreen RE 4 UK Limited 110MW in battery storage in the UK (https://find-and-update.company-information.service.gov.uk/company/13097895) with Arlington Energy (www.arlingtonenergy.co.uk) and RGreen Invest (www.rgreeninvest.com/en/) - circa 2% carried interest via ownership of Class C ordinary shares with market value circa US$2 million;

- Dormant companies: 100% ownership of various dormant company to be used project companies as well as to protect past legal names including F&K Renewables Limited, Amber Fusion Limited, EiB Fusion Energy Trading Limited, EiB Fusion Nano Technologies Limited, Boustead Renewables Limited, EiB Fusion (Luton) Limited and Amber Solar Power Limited. They are not included in the calculations.

The company also owns the project rights for two solar and green gas turbines projects in Luton for in total 15MW in energy generation capacity. These have substantial value but has not been included in the calculations.

In the opinion of the directors, the above shareholdings have been revalued to £1 million (33% of potential market value of £3 million (US$4 million)). This revaluation does not include any value for the Luton projects.

5. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	180,000	180,000

6. Reserves

	Revaluation Reserve
	£
Net investment revaluation reserve	1,000,000

As at 31 December 2024	1,000,000

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