The directors present their annual report and consolidated financial statements for the period from incorporation on 14 March 2024 to 31 March 2025. The group consists of Bloom BESS FinCo Limited and Ocker Hill BESS Limited.

The principal activity of the group is the development, financing, and construction of a battery storage project in Ocker Hill, England.

The results for the period are set out on page 4.

The group has performed in line with Directors' expectations. The group is in the construction phases of its project life so is not yet expected to be profit making. Once the project is operational the group is expected to become profitable. The Directors do not foresee any significant change in the group's activities in the coming financial year.

The directors do not recommend payment of a further dividend.

The directors who held office during the period and up to the date of signature of the financial statements were as follows:

Eku Energy Group Limited has made qualifying third-party indemnity provisions for the benefit of the Directors of all its subsidiaries, including Bloom BESS FinCo Limited. These provisions were in force during the period and at the date of the approval of the group financial statements.

The directors believe that using key performance indicators for the Company is not necessary or appropriate for an understanding of the performance or position of the Company.

Climate change

There is not expected to be a significant impact upon the Company's operational or financial performance arising from climate change.

These financial statements have been prepared on the going concern basis for the reasons set out in Note 1 Accounting Policies.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have prepared these financial statements in accordance with UK adopted International Accounting Standards (“UK-adopted IAS”) and with the requirements of the Companies Act 2006 as applicable to companies reporting under UK-adopted IAS.

Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company and of the profit or loss of the group for that period.

In preparing the financial statements, the directors are required to:

• select suitable accounting policies and then apply them consistently;

• state whether applicable UK-adopted international accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• make judgements and accounting estimates that are reasonable and prudent; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

They are also responsible for keeping adequate accounting records that are sufficient to show and explain the group's and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006.

The notes on pages 9 to 14 form part of these financial statements.

The notes on pages 9 to 14 form part of these financial statements.

For the financial period ended 31 March 2025 the group was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to groups and companies subject to the small companies regime.

The notes on pages 9 to 14 form part of these financial statements.

As permitted by trues408 Companies Act 2006, the company has not presented its own income statement and related notes. The company’s loss for the year was £2,125.

For the financial period ended 31 March 2025 the group was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The notes on pages 9 to 14 form part of these financial statements.

The notes on pages 9 to 14 form part of these financial statements.

Bloom BESS FinCo Limited ("the Company") is a private company limited by shares incorporated in England and Wales. The registered office is 31-34 Alfred Place, London, England, WC1E 7DP. The company's principal activities and nature of its operations are disclosed in the directors' report.

The financial statements represent the Group's first reporting period and cover the period from 14 March 2024 to 31 March 2025, a period of 12 months and 17 days. The extended period does not conflict with the requirements of IAS 1.

The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted for use in the United Kingdom and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS, except as otherwise stated.

The financial statements are prepared in sterling, which is the functional currency of the group. Monetary amounts in these financial statements are rounded to the nearest £'000.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The consolidated group financial statements consist of the financial statements of the parent company Bloom BESS FinCo Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 March 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

The directors have at the time of approving the financial statements, a reasonable expectation that the trueGroup has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Projects in development

These are costs which are directly attributable to the development of battery storage facilities for construction and commercial operation. The main costs during the initial development stage of a project are related to land investigations, planning consent, and early grid connection. By the end of the development phase, the project will reach financial close and construction can begin, with the asset then classified as asset under construction.

Projects in development are not depreciated.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Financial assets are recognised in the group's statement of financial position when the group becomes party to the contractual provisions of the instrument. Financial assets are classified into specified categories, depending on the nature and purpose of the financial assets.

Other financial assets

Other financial assets, including trade and other receivables are recognised initially at fair value. They are subsequently measured at amortised cost using the effective interest method.

The group recognises financial debt when the group becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'.

Other financial liabilities, including borrowings, trade payables and other short-term monetary liabilities, are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding.

Financial liabilities are derecognised when, and only when, the group’s obligations are discharged, cancelled, or they expire.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Management is required to assess the Group's assets for indicators of impairment. Management takes into account external, internal and other potential indicators of impairment, and applies judgement in assessing whether any indicators exist.

The average number of persons employed by the Company during the financial year amounted to nil. The directors are not employed by the Company and did not receive any remuneration from the Company during the year.

The asset remained in development at 31 March 2025.

Amounts owed by fellow group undertakings includes a shareholder loan of £4,612k with the Company's subsidiary company Ocker Hill BESS Limited. The loan bears interest at 7.95%. It also consists of shareholder loan interest of £118k.

Amounts owed by fellow group undertakings relate to VAT refunds received by Maldon BESS Limited. As VAT returns are submitted as a group, any rebates due are paid directly to Maldon BESS Limited.

Amounts owed to fellow group undertakings relates to shareholder loan interest.

Amounts owed to fellow group undertakings includes shareholder loan interest and development costs paid by Eku Energy Projects (UK) Limited on behalf of the group.

Loans from fellow group undertakings relate to a shareholder loan agreement with the Company's parent company, Bloom BESS Holdco Limited. £4,612k was drawn down on 5th December 2024 and remains outstanding at 31 March 2025. The loan bears interest at a rate of 7.95%, and interest is payable quarterly. Any unpaid interest is capitalised into the loan balance. The loan is repayable on demand.

During the year, the Group acquired 100% of the share capital of Ocker Hill BESS Limited. The acquisition did not constitute a business combination as defined in IFRS 3. Accordingly, the transaction has been accounted for as an asset acquisition.

All movements in assets, liabilities and equity during the period arose solely from intercompany transactions that did not involve the transfer of cash or cash equivalents. As a result, the group had no operating, investing, or financing cash flows in the period.

Given the absence of any cash flows, a statement of cash flows has not been presented.

During the year, the group received a loan from the parent company, Bloom BESS Holdco Limited. £4,612k was drawn down on 5th December 2024 and remains outstanding at 31 March 2025. The loan bears interest at a rate of 7.95%, and interest is payable quarterly. Any unpaid interest is capitalised into the loan balance. The loan is repayable on demand.

The immediate parent undertaking is Bloom BESS Holdco Limited (incorporated in Great Britain and registered in England and Wales).

The ultimate parent undertaking and controlling party of the Company at the balance sheet date was Macquarie Green Energy Transition Solutions SCSp, a special limited partnership incorporated in Luxembourg.

Eku Energy Group Limited is the parent undertaking of the smallest and largest group to consolidate these financial statements. Copies of the Eku Energy Group Limited consolidated financial statements can be obtained from the Company Secretary at 31-34 Alfred Place, London, England, WC1E 7DP.