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REGISTERED NUMBER: 06386259 (England and Wales)

VESTAS AIRCOIL UK LTD |

FINANCIAL STATEMENTS |

FOR THE YEAR ENDED 31 DECEMBER 2024 |

| VESTAS AIRCOIL UK LTD (REGISTERED NUMBER: 06386259) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| VESTAS AIRCOIL UK LTD |

COMPANY INFORMATION

for the year ended 31 December 2024

| DIRECTOR: | M Doej

| REGISTERED OFFICE: | Suite 4

| Sovereign House

| Gate Lane, Boldmere

| Sutton Coldfield

| West Midlands

| B73 5TT

| REGISTERED NUMBER: | 06386259 (England and Wales)

| AUDITORS: | Weatherer Bailey Bragg LLP

| Chartered Certified Accountants

| Statutory Auditor

| 100 Boldmere Road

| Sutton Coldfield

| West Midlands

| B73 5UB

| VESTAS AIRCOIL UK LTD (REGISTERED NUMBER: 06386259) |

BALANCE SHEET

31 December 2024

| 31/12/24 |  | 31/12/23

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,238 |  | 294 |  |

CURRENT ASSETS

Debtors | 5 | 59,984 |  | 37,222 |  |

Cash at bank and in hand | 3,177 |  | 4,919 |  |

63,161 |  | 42,141 |  |

CREDITORS

Amounts falling due within one year | 6 | (30,200 | ) | (22,970 | ) |

NET CURRENT ASSETS | 32,961 |  | 19,171 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 34,199 |  | 19,465 |  |

PROVISIONS FOR LIABILITIES | (235 | ) | (56 | ) |

NET ASSETS | 33,964 |  | 19,409 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 1,000 |  | 1,000 |  |

Retained earnings | 32,964 |  | 18,409 |  |

SHAREHOLDERS' FUNDS | 33,964 |  | 19,409 |  |

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 director and authorised for issue on 7 October 2025 and were signed by:

M Doej - Director

| VESTAS AIRCOIL UK LTD (REGISTERED NUMBER: 06386259) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| Vestas Aircoil UK Ltd 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 under the historical cost convention.

| Related party exemption

| 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable. Turnover from providing sales and technical services and support is recognised when the outcome of a transaction can be estimated reliably and is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 33% on cost

| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| VESTAS AIRCOIL UK LTD (REGISTERED NUMBER: 06386259) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. This is a work placed pension scheme in which all eligible employees are given the option to join. Contributions payable for the year are charged to the profit and loss account.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2023 - 5 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 3,009 |  | 23,439 |  | 26,448 |  |

| Additions | - |  | 1,226 |  | 1,226 |  |

| At 31 December 2024 | 3,009 |  | 24,665 |  | 27,674 |  |

| DEPRECIATION

| At 1 January 2024 | 2,715 |  | 23,439 |  | 26,154 |  |

| Charge for year | 44 |  | 238 |  | 282 |  |

| At 31 December 2024 | 2,759 |  | 23,677 |  | 26,436 |  |

| NET BOOK VALUE

| At 31 December 2024 | 250 |  | 988 |  | 1,238 |  |

| At 31 December 2023 | 294 |  | - |  | 294 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/12/24 |  | 31/12/23

£ | £ |

| Amounts owed by group undertakings | 53,533 |  | 31,902 |  |

| Prepayments | 6,451 |  | 5,320 |  |

59,984 |  | 37,222 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/12/24 |  | 31/12/23

£ | £ |

| Amounts owed to group undertakings | - |  | 2,194 |  |

| Corporation tax payable | 3,235 |  | 2,758 |  |

| Social security & other taxes | 9,093 |  | 6,848 |  |

| Other creditors | 11,945 |  | 2,673 |  |

| Accrued expenses | 5,927 |  | 8,497 |  |

30,200 |  | 22,970 |  |

| VESTAS AIRCOIL UK LTD (REGISTERED NUMBER: 06386259) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31/12/24 |  | 31/12/23

£ | £ |

| Within one year | - |  | 23,638 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31/12/24 |  | 31/12/23

| value: | £ | £ |

| 1,000 | Ordinary | £1 | 1,000 |  | 1,000 |  |

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

| The Report of the Auditors was unqualified.

| Mr Alan Joseph Weatherer FCCA (Senior Statutory Auditor)

| for and on behalf of Weatherer Bailey Bragg LLP

10. | ULTIMATE PARENT COMPANY

| The company is a wholly owned subsidiary of Vestas Aircoil A/S, a company incorporated in Denmark.

| The ultimate parent company is M Grunnet Holding A/S, a company incorporated in Denmark.