PT BIOGAS TECHNOLOGY LIMITED

Company Registration Number:
09199230 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

PT BIOGAS TECHNOLOGY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

PT BIOGAS TECHNOLOGY LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Current assets
Debtors:   3,089 3,229
Cash at bank and in hand: 1
Total current assets: 3,090 3,229
Net current assets (liabilities): 3,090 3,229
Total assets less current liabilities: 3,090 3,229
Total net assets (liabilities): 3,090 3,229
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 3,089 3,228
Shareholders funds: 3,090 3,229

The notes form part of these financial statements

PT BIOGAS TECHNOLOGY LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2025
and signed on behalf of the board by:

Name: Stephanie Mason
Status: Director

The notes form part of these financial statements

PT BIOGAS TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Intangible fixed assets and amortisation policy

On 1 October 2014, various technological licences, patents, agreements and other intellectual property were transferred from Pressure Technologies plc to PT Biogas Technology Limited. As the transaction was between entities that were previously under common control it was recorded at book value. As a result of the change in the ultimate parent from Pressure Technologies plc to Greenlane Renewables Inc. on June 3, 2019, a further fair value assessment was completed and the intangible assets of the Company were increased to £5.6 million and £3.3 million recorded as a revaluation reserve. Subsequently, the Company reversed the revaluation reserve and corresponding increase to intangible assets noting it should have been recorded in the immediate parent company, PT Biogas Holdings Limited. This has been corrected in the financial statements as at 31 December 2023, with the reversal of the previously recognized revaluation reserve and the related intangible asset. The correction is reflected in the current period comparatives.

Other accounting policies

Statement of compliance: The financial statements are presented in Sterling (£) and have been presented in round thousands (£'000).

PT BIOGAS TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

PT BIOGAS TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Changes in presentation and prior period adjustments

For the period ending 31 December 2023, the PT Biogas Technology Limited abridge financial statements have been restated for material prior period errors regarding amortization of intangible assets and revaluation reserve. (note on intangible assets)

PT BIOGAS TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Related party transactions

Transactions with group companies As permitted by FRS 101 related party transactions with wholly owned members of the Greenlane Renewables Inc. group have not been disclosed. There are no other related party transactions to disclose.