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Company Registration No. 12316408 (England and Wales)
PACT EARTH LTD Unaudited accounts for the year ended 31 December 2024
PACT EARTH LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PACT EARTH LTD Company Information for the year ended 31 December 2024
Directors
Yudi Ding Niels Ramay Daniel Peter Fitzgerald Joy Faucher
Company Number
12316408 (England and Wales)
Registered Office
18-21 Evolution Business Park Milton Road Impington Cambridge CB24 9NG England
Accountants
Rise Accounting Limited 131 Finsbury Pavement London EC2A 1NT
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PACT EARTH LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
748,858 
351,600 
Current assets
Debtors
5
364,582 
160,982 
Cash at bank and in hand
2,017,200 
2,643,869 
2,381,782 
2,804,851 
Creditors: amounts falling due within one year
6
(195,489)
(151,693)
Net current assets
2,186,293 
2,653,158 
Net assets
2,935,151 
3,004,758 
Capital and reserves
Called up share capital
154 
154 
Share premium
4,731,918 
4,731,918 
Capital contribution reserve
4,009,658 
1,082,449 
Profit and loss account
(5,806,579)
(2,809,763)
Shareholders' funds
2,935,151 
3,004,758 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Niels Ramay Director Company Registration No. 12316408
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PACT EARTH LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
PACT EARTH LTD is a private company, limited by shares, registered in England and Wales, registration number 12316408. The registered office is 18-21 Evolution Business Park, Milton Road, Impington, Cambridge, CB24 9NG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, and in accordance with the Companies Act 2006. The financial statements are prepared on a going concern basis, under the historical cost convention. The Directors consider this to be appropriate as the company has sufficient cash reserves to continue operations beyond the end of 2025 under the current business plan.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. 'Land & buildings' refers to 'Leasehold improvements' made during the period. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the lease term
Plant & machinery
5 years
Fixtures & fittings
3 years
Computer equipment
3 years
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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PACT EARTH LTD Notes to the Accounts for the year ended 31 December 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Research and development
In the research phase of an internal project, it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
Operating Leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Turnover
Turnover represents the fair value of consideration received or receivable in the ordinary course of business, net of VAT and trade discounts. Revenue is recognised when: - The significant risks and rewards of ownership have transferred to the customer - The amount of revenue can be measured reliably; and - It is probable that economic benefits will flow to the company.
Taxation
Taxation is recognised in the profit and loss account except to the extent that an item of income or expense should be recognised in other comprehensive income or directly in equity. Current tax is based on taxable profits for the year, using tax rates and laws enacted or substantively enacted at the reporting date.
Share based payments
The company operates an equity-settled, share-based compensation plan, under which the entity received services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied. The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised. In relation to share-based payments, £58,000 has been included within 'Bonuses' as an expense and within 'Capital Contribution reserves' as an item of equity
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PACT EARTH LTD Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
- 
401,059 
3,204 
14,373 
418,636 
Additions
333,613 
75,451 
102,804 
23,605 
535,473 
At 31 December 2024
333,613 
476,510 
106,008 
37,978 
954,109 
Depreciation
At 1 January 2024
- 
61,414 
397 
5,225 
67,036 
Charge for the year
35,967 
76,430 
17,254 
8,564 
138,215 
At 31 December 2024
35,967 
137,844 
17,651 
13,789 
205,251 
Net book value
At 31 December 2024
297,646 
338,666 
88,357 
24,189 
748,858 
At 31 December 2023
- 
339,645 
2,807 
9,148 
351,600 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
49,483 
47,283 
Trade debtors
1,684 
36,334 
Accrued income and prepayments
124,224 
53,370 
Other debtors
189,191 
23,995 
364,582 
160,982 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
67,467 
86,055 
Other creditors
45,978 
4,836 
Accruals
82,044 
60,802 
195,489 
151,693 
7
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
255,060 
29,051 
Later than one year and not later than five years
672,614 
34,352 
927,674 
63,403 
8
Average number of employees
During the year the average number of employees was 20 (2023: 13).
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