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REGISTERED NUMBER: 09396374 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2023 |

| FOR |

| PROCON WIND ENERGY LIMITED |

PROCON WIND ENERGY LIMITED (REGISTERED NUMBER: 09396374) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2023

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| PROCON WIND ENERGY LIMITED |

COMPANY INFORMATION

for the year ended 31 December 2023

| DIRECTOR: | K Ravn

| SECRETARY: | EBS Corporate Services Limited

| REGISTERED OFFICE: | Innovation Centre

| Gallows Hill

| Warwick

| CV34 6UW

| REGISTERED NUMBER: | 09396374 (England and Wales)

| AUDITORS: | Luckmans Duckett Parker Limited

| Chartered Accountants

| Statutory Auditors

| 1110 Elliott Court

| Herald Avenue

| Coventry Business Park

| Coventry

| West Midlands

| CV5 6UB

PROCON WIND ENERGY LIMITED (REGISTERED NUMBER: 09396374) |

BALANCE SHEET

31 December 2023

| 2023 | 2022 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 49,001 |  | 17,843 |  |

CURRENT ASSETS

Debtors | 5 | 1,782,227 |  | 3,280 |  |

Cash at bank | 4,770 |  | 18,292 |  |

1,786,997 |  | 21,572 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,866,313 |  | 20,284 |  |

NET CURRENT (LIABILITIES)/ASSETS | (79,316 | ) | 1,288 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (30,315 | ) | 19,131 |  |

CAPITAL AND RESERVES

Called up share capital | 10,000 |  | 10,000 |  |

Retained earnings | (40,315 | ) | 9,131 |  |

(30,315 | ) | 19,131 |  |

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 director and authorised for issue on 21 October 2025 and were signed by:

K Ravn - Director

PROCON WIND ENERGY LIMITED (REGISTERED NUMBER: 09396374) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2023

1. | STATUTORY INFORMATION

| Procon Wind Energy 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.

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.

| The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| Going concern

| The directors have prepared the financial statements on the going concern basis. The directors have considered the following factors in their assessment of going concern.

| The immediate parent undertaking, Procon wind energy A.S. have agreed to provide financial support to the company for a period of at least 12 months from the date of these financial statements. The financial support includes deferral of repayments in respect of any amounts owing to the respective group undertakings and a commitment to provide further financing, if required. The directors are satisfied that the company has sufficient financial resources to continue trading for the foreseeable future and have no intentions to cease trading. The financial statements have therefore been prepared on the going concern basis.

| 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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

| Sale of goods

| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of goods.

| Rendering of services

| When the outcome of a transaction can be estimated reliably, turnover from rendering of services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the proportion of costs incurred to date compared with the estimated total costs.

| Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

PROCON WIND ENERGY LIMITED (REGISTERED NUMBER: 09396374) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2023

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| 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 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 26 (2022 - 1 ) .

PROCON WIND ENERGY LIMITED (REGISTERED NUMBER: 09396374) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2023

4. | TANGIBLE FIXED ASSETS

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2023 | 19,033 |  | - |  | 19,033 |  |

| Additions | 41,290 |  | 1,170 |  | 42,460 |  |

| At 31 December 2023 | 60,323 |  | 1,170 |  | 61,493 |  |

| DEPRECIATION

| At 1 January 2023 | 1,190 |  | - |  | 1,190 |  |

| Charge for year | 11,205 |  | 97 |  | 11,302 |  |

| At 31 December 2023 | 12,395 |  | 97 |  | 12,492 |  |

| NET BOOK VALUE

| At 31 December 2023 | 47,928 |  | 1,073 |  | 49,001 |  |

| At 31 December 2022 | 17,843 |  | - |  | 17,843 |  |

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

2023 | 2022 |

£ | £ |

| Trade debtors | 1,528,208 |  | - |  |

| Amounts recoverable on contract | 221,605 |  | - |  |

| Other debtors | 32,414 |  | 3,280 |  |

1,782,227 |  | 3,280 |  |

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

2023 | 2022 |

£ | £ |

| Trade creditors | 1,132,394 |  | 3,557 |  |

| Amounts owed to group undertakings | 379,213 |  | 12,547 |  |

| Taxation and social security | 312,977 |  | 1,916 |  |

| Other creditors | 41,729 |  | 2,264 |  |

1,866,313 |  | 20,284 |  |

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

| The Report of the Auditors was unqualified.

| Mark Spafford (Senior Statutory Auditor)

| for and on behalf of Luckmans Duckett Parker Limited

8. | OTHER FINANCIAL COMMITMENTS

| The total amount of financial commitments in respect to guarantees as at 31st December 2023 that are not included in the balance sheet was £23,375

PROCON WIND ENERGY LIMITED (REGISTERED NUMBER: 09396374) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2023

9. | ULTIMATE PARENT UNDERTAKING

| The immediate parent company is Procon Wind Energy A/S whose registered office address is Ankeret 5B, 9220 Aalborg, Denmark. The consolidated financial statements of Procon Wind Energy Ltd. & Procon Wind Energy A/S are incorporated in the consolidated financial statements of ProCon Group ApS (parent company of ProCon Wind Energy A/S)

| The ultimate parent company and ultimate controlling party of Procon Wind Energy Limited is Integrated Wind Solution ASA (listed on the Norwegian stock exchange) whose registered office address is Fjordalleen 16 Aker Brygge, 3rd floor, Oslo 0250, Norway. The consolidated financial statements of the group are available from this address.