Company No: 11033516 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	17,543		21,553
		17,543		21,553
Current assets
Debtors	4	56,644		104,257
Cash at bank and in hand		146,826		101,647
		203,470		205,904
Creditors: amounts falling due within one year	5	( 32,157)		( 36,298)
Net current assets		171,313		169,606
Total assets less current liabilities		188,856		191,159
Provision for liabilities		4,223		0
Net assets		193,079		191,159
Capital and reserves
Called-up share capital		100		100
Profit and loss account		192,979		191,059
Total shareholders' funds		193,079		191,159

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Terranomics Limited (registered number: 11033516) were approved and authorised for issue by the Board of Directors on 09 October 2025. They were signed on its behalf by:

C Knight Director

J Stephenson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Terranomics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Harriet Place, Falmouth, TR11 2SU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of environmental consulting services in the ordinary course of the company’s activities. Turnover is shown net of sales, value added tax, returns, rebates and discounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Office equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		6

3. Tangible assets

	Vehicles		Office equipment		Total
	£		£		£
Cost
At 01 April 2024	51,090		0		51,090
Additions	0		1,534		1,534
At 31 March 2025	51,090		1,534		52,624
Accumulated depreciation
At 01 April 2024	29,537		0		29,537
Charge for the financial year	5,388		156		5,544
At 31 March 2025	34,925		156		35,081
Net book value
At 31 March 2025	16,165		1,378		17,543
At 31 March 2024	21,553		0		21,553

4. Debtors

	2025		2024
	£		£
Trade debtors	48,853		103,725
Other debtors	7,791		532
	56,644		104,257

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to associates	2,396		0
Taxation and social security	27,461		35,848
Other creditors	2,300		450
	32,157		36,298

6. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
J Stephenson - Interest free loan	532		532

During the year there was no movement in the loan account with Mr J Stephenson.

During the year the company has incurred costs of £121,811 for consultancy services provided by J Stephenson.