Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 September 2025

And signed on behalf of the board by:
Name: Jonathan Marren
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

Balance sheet

As at 31 December 2024

The notes form part of these financial statements

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.

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

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

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

  Turnover policy

  Revenue is generated from: Battery storage systems Integration hardware Installation and commissioning services Extended warranties Other services Revenue is recognised when control of goods or services is transferred to the customer, typically: At a point in time for hardware (based on shipping terms) At a point in time for services (e.g. when commissioning certificates are issued) Over time for storage services Contracts with multiple elements are broken down into distinct performance obligations, and revenue is allocated based on stand-alone selling prices. Bill-and-hold arrangements are recognised only if specific IFRS 15 conditions are met. Revenue excludes VAT and other taxes collected on behalf of third parties.

  Tangible fixed assets depreciation policy

  Measurement Basis: Tangible fixed assets are stated at historical cost less accumulated depreciation and impairment losses. Depreciation Method: Depreciation is charged on a straight-line basis over the estimated useful lives of the assets. Depreciation Commencement: Begins when the asset is available for use. Useful Lives: Computer and office equipment: 3–5 years Leasehold improvements: Shorter of the lease term or useful life Work-in-progress assets: Not depreciated until they are available for use and transferred to the appropriate category. Disposals: Gains or losses on disposal are calculated as the difference between proceeds and carrying value, and are recognised in the profit and loss account.

  Valuation information and policy

  2.8 Property, Plant & Equipment Assets are measured at historical cost less accumulated depreciation and impairment losses. Subsequent expenditure is capitalised only if it enhances future economic benefits. 2.10 Impairment Assets are reviewed for indicators of impairment. If impaired, the asset is written down to its recoverable amount, determined using: Market value approach, or Fair value less costs to sell, especially for development-stage assets 2.12 Financial Instruments Financial assets and liabilities are measured at amortised cost unless otherwise required. Fair value disclosures are made where applicable, though the directors state that carrying values approximate fair values. 2.5 Grant Income Capital grants are netted against the relevant asset rather than recognised as income.

  Other accounting policies

  Additional Accounting Policies Included: Foreign Currency Transactions Translation of monetary and non-monetary items Recognition of exchange differences Grant Income Recognition against related expenditure Deferred income treatment for grants received in advance Finance Income and Costs Effective interest method Treatment of foreign exchange gains/losses Inventories Valuation at lower of cost and net realisable value FIFO method used for cost calculation Provisions Recognition criteria Discounting and unwinding of provisions Impairment of Assets Market value and fair value approaches Reversal of impairment losses Leases Right-of-use asset and lease liability recognition Exemptions for short-term and low-value leases Financial Instruments Classification and measurement of financial assets and liabilities SPPI test and amortised cost basis Taxation Current and deferred tax treatment Recognition of deferred tax assets only when probable Cash and Cash Equivalents Definition and recognition criteria Employee Benefits Share-based payments Defined contribution pension scheme Offsetting Conditions under which financial assets and liabilities may be offset

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	54	59