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Registration number: 09273035

M.A.L.D. Energy Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

M.A.L.D. Energy Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 7

M.A.L.D. Energy Ltd

Company Information

Directors | Mrs S M A Jones Mr D M M Jones

Registered office | Llys Deri Parc Pensarn Carmarthen SA31 2NF

M.A.L.D. Energy Ltd

(Registration number: 09273035)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 132,693 | 145,332
Current assets |  |  |
Debtors | 6 | 1,137 | -
Cash at bank and in hand |  | 10,661 | 27,962
|  | 11,798 | 27,962
Creditors: Amounts falling due within one year | 7 | (58,845) | (50,266)
Net current liabilities |  | (47,047) | (22,304)
Total assets less current liabilities |  | 85,646 | 123,028
Creditors: Amounts falling due after more than one year | 7 | (64,529) | (90,993)
Net assets |  | 21,117 | 32,035
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 21,017 | 31,935
Total equity |  | 21,117 | 32,035

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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 November 2025 and signed on its behalf by:

......................................... Mr D M M Jones Director |  |

M.A.L.D. Energy Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

The principal place of business is:
Abernac
Lledrod
Aberystwyth
SY23 4SN

These financial statements were authorised for issue by the Board on 28 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

M.A.L.D. Energy Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Windmill | Straight line over 20 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

M.A.L.D. Energy Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 13,259 | 13,231

5 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 April 2024 | 262,729 | 262,729
Additions | 620 | 620
At 31 March 2025 | 263,349 | 263,349
Depreciation
At 1 April 2024 | 117,397 | 117,397
Charge for the year | 13,259 | 13,259
At 31 March 2025 | 130,656 | 130,656
Carrying amount
At 31 March 2025 | 132,693 | 132,693
At 31 March 2024 | 145,332 | 145,332

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 1,137 | -

M.A.L.D. Energy Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts | 9 | 24,457 | 22,547
Trade creditors |  | - | 495
Taxation and social security |  | 335 | 1,246
Other related parties | 10 | 32,503 | 24,503
Other creditors |  | 1,550 | 1,475
|  | 58,845 | 50,266

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 64,529 | 90,993

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
B Ordinary of £1 each | 50 | 50 | 50 | 50
A Ordinary of £1 each | 50 | 50 | 50 | 50
| 100 | 100 | 100 | 100

9 | Loans and borrowings

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank borrowings | 64,529 | 90,993

M.A.L.D. Energy Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | 24,457 | 22,547

10 | Related party transactions

Transactions with directors

2025 | At 1 April 2024 £ | Other payments made to company by director £ | At 31 March 2025 £
Mr D M M Jones
Interest free loan repayable on demand | (12,251) | (4,000) | (16,251)
Mrs S M A Jones
Interest free loan repayable on demand | (12,251) | (4,000) | (16,251)

2024 | At 1 April 2023 £ | Other payments made to company by director £ | At 31 March 2024 £
Mr D M M Jones
Interest free loan repayable on demand | (351) | (11,900) | (12,251)
Mrs S M A Jones
Interest free loan repayable on demand | (352) | (11,900) | (12,251)