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REGISTERED NUMBER: 12897200 (England and Wales)

| BECQUEREL VENTURES LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |

BECQUEREL VENTURES LIMITED (REGISTERED NUMBER: 12897200) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| BECQUEREL VENTURES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2024

| DIRECTORS: | Mr J Vicent Peris

| Mr H D D C Beamish

| REGISTERED OFFICE: | 27 Old Gloucester Street

| London

| WC1N 3AX

| REGISTERED NUMBER: | 12897200 (England and Wales)

| ACCOUNTANTS: | Carston ETL

| Tudor House

| 16 Cathedral Road

| Cardiff

| CF11 9LJ

BECQUEREL VENTURES LIMITED (REGISTERED NUMBER: 12897200) |

STATEMENT OF FINANCIAL POSITION

30 SEPTEMBER 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investments | 5 | 2,864,109 |  | 6,776,263 |  |

2,864,109 |  | 6,776,263 |  |

CURRENT ASSETS

Debtors | 6 | 1,134,978 |  | 198,324 |  |

Cash at bank | 819 |  | 12,148 |  |

1,135,797 |  | 210,472 |  |

CREDITORS

Amounts falling due within one year | 7 | 47,712 |  | 7,995,465 |  |

NET CURRENT ASSETS/(LIABILITIES) | 1,088,085 |  | (7,784,993 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,952,194 |  | (1,008,730 | ) |

CAPITAL AND RESERVES

Called up share capital | 9,306 |  | 1,000 |  |

Share premium | 8 | 8,126,768 |  | - |  |

Retained earnings | 8 | (4,183,880 | ) | (1,009,730 | ) |

3,952,194 |  | (1,008,730 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by:

Mr J Vicent Peris - Director

BECQUEREL VENTURES LIMITED (REGISTERED NUMBER: 12897200) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. | STATUTORY INFORMATION

| Becquerel Ventures Limited 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

| Tangible fixed assets

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

| Computer equipment | - | 33.33% straight line on cost

| Fixed asset investments

| Fixed asset investments are measured and held at fair value.

| The fair value of these investments is based on the transaction price that would be received on an open market. If the fair value of investments cannot be measured reliability then the investments are held at cost less impairment.

| Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying

| amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value in use.

| Financial liabilities

| Financial liabilities are initially measured at fair value and then at amortised cost.

| At amortised cost

| Financial liabilities which are neither contingent consideration of an acquirer in a business combination, held for trading, nor designated as at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. This is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or where appropriate a shorter period, to the amortised cost of a financial liability.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

BECQUEREL VENTURES LIMITED (REGISTERED NUMBER: 12897200) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Foreign currencies

| Transactions in currencies other than the functional currency of the Company are recorded at the rates of exchange prevailing on the dates of the transactions. At each balance sheet date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at closing exchange rates.

| Gains and losses arising on retranslation of monetary assets and liabilities are included in the profit and loss account.

| Going concern

| The Directors have assessed the Company and its wider entities prospects until 30 September 2024, taking into consideration the current operating environment, including the impact of geopolitical and macroeconomic uncertainty and inflationary pressures on markets.

| The entity has undergone a significant refinancing and recapitalisation during the year which has resulted in the satisifaction of several liabilities which were due for payment within the next 12 months of the reporting date.

| The Director's have also prepared financial models which considers the entities profit, cash flows, regulatory capital requirements, borrowing covenants and other key financial metrics over the period.

| Based on the results of the financial modelling, the Directors expect that the entity will be able to continue in operation and meet its liabilities as they fall due over the 12 months from the approval of the financial statements.

| Accordingly, the Directors continue to adopt the going concern basis for the preparation of the financial statements

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

4. | TANGIBLE FIXED ASSETS

Computer |

equipment |

| £

| COST

| At 1 October 2023

| and 30 September 2024 | 2,214 |  |

| DEPRECIATION

| At 1 October 2023

| and 30 September 2024 | 2,214 |  |

| NET BOOK VALUE

| At 30 September 2024 | - |  |

| At 30 September 2023 | - |  |

BECQUEREL VENTURES LIMITED (REGISTERED NUMBER: 12897200) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. | FIXED ASSET INVESTMENTS

2024 | 2023 |

| £ | £

| Other investments not loans | 2,864,109 |  | 2,796,007 |  |

| Other loans | - |  | 3,980,256 |  |

2,864,109 |  | 6,776,263 |  |

| Additional information is as follows:

Listed | Unlisted |

investments | investments | Totals |

| £ | £ | £

| COST OR VALUATION

| At 1 October 2023 | 7,782 |  | 2,768,520 |  | 2,776,302 |  |

| Additions | - |  | 4,019,886 |  | 4,019,886 |  |

| Disposals | (7,782 | ) | - |  | (7,782 | ) |

| Impairments | - |  | (4,019,591 | ) | (4,019,591 | ) |

| Exchange differences | - |  | 75,589 |  | 75,589 |  |

| At 30 September 2024 | - |  | 2,844,404 |  | 2,844,404 |  |

| NET BOOK VALUE

| At 30 September 2024 | - |  | 2,844,404 |  | 2,844,404 |  |

| At 30 September 2023 | 7,782 |  | 2,768,520 |  | 2,776,302 |  |

| Cost or valuation at 30 September 2024 is represented by:

Listed | Unlisted |

investments | investments | Totals |

| £ | £ | £

| Valuation in 2022 | 142,839 |  | 2,466,247 |  | 2,609,086 |  |

| Valuation in 2023 | (135,057 | ) | 302,273 |  | 167,216 |  |

| Valuation in 2024 | (7,782 | ) | 75,884 |  | 68,102 |  |

- |  | 2,844,404 |  | 2,844,404 |  |

| Investments (neither listed nor unlisted) were as follows:

2024 | 2023 |

| £ | £

| Artwork | 19,705 |  | 19,705 |  |

Other loans |

| £

| At 1 October 2023 | 3,980,256 |  |

| Repayment in year | (4,019,885 | ) |

| Other movement | 39,629 |  |

| At 30 September 2024 | - |  |

BECQUEREL VENTURES LIMITED (REGISTERED NUMBER: 12897200) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

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

2024 | 2023 |

| £ | £

| Other debtors | 1,134,978 |  | 198,324 |  |

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

2024 | 2023 |

| £ | £

| Taxation and social security | 53 |  | 8,316 |  |

| Other creditors | 47,659 |  | 7,987,149 |  |

47,712 |  | 7,995,465 |  |

8. | RESERVES

Retained | Share |

earnings | premium | Totals |

| £ | £ | £

| At 1 October 2023 | (1,009,730 | ) | - |  | (1,009,730 | ) |

| Deficit for the year | (3,174,150 | ) | (3,174,150 | ) |

| Cash share issue | - |  | 8,126,768 |  | 8,126,768 |  |

| At 30 September 2024 | (4,183,880 | ) | 8,126,768 |  | 3,942,888 |  |

9. | POST BALANCE SHEET EVENTS

| The Emmissions Capture Company Group Limited (company number 10558732) appointed a liquidator on the 26th September 2025. The company was given notice of a winding up order on the 9th July 2025.

| The circumstances behind the events did not occur until after the 30th September 2025.

| The details of the above can be viewed at Companies House.

| The company's investment in The Emmissions Capture Company Group Limited totalled £2,456,532 at the 30th September 2024.