REGISTERED NUMBER: 07640635 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 June 2025

for

JP Wind Limited

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Income Statement

4

Other Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Financial Statements

8

DIRECTOR:

J Falk

REGISTERED OFFICE:

823 Salisbury House

29 Finsbury Circus

London

EC2M 5QQ

REGISTERED NUMBER:

07640635 (England and Wales)

ACCOUNTANTS:

Krogh & Partners Limited

823 Salisbury House

29 Finsbury Circus

London

EC2M 5QQ

The director presents his report with the financial statements of the company for the year ended 30 June 2025.

PRINCIPAL ACTIVITY

The principal activity of the Company has been that of operation of wind turbines.

DIRECTOR

J Falk held office during the whole of the period from 1 July 2024 to the date of this report.

RESULT AND DIVIDENDS

The Company's profit for the period amounted to GBP 237,814.

The director has, before the date of approval of these financial statements, proposed dividend of GBP 762,349.

AUDITORS

The directors have with reference to the exemptions in the Companies Act elected not to appoint auditors.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

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

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

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J Falk - Director

10 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JP Wind Limited for the year ended 30 June 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of JP Wind Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JP Wind Limited and state those matters that we have agreed to state to the director of JP Wind Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JP Wind Limited and its director for our work or for this report.

It is your duty to ensure that JP Wind Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JP Wind Limited. You consider that JP Wind Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JP Wind Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Krogh & Partners Limited

823 Salisbury House

29 Finsbury Circus

London

EC2M 5QQ

10 December 2025

TURNOVER

669,685

895,780

Cost of sales

47,697

96,432

GROSS PROFIT

621,988

799,348

Administrative expenses

307,050

273,492

OPERATING PROFIT

314,938

525,856

Interest receivable and similar income

3

2,627

4,176

PROFIT BEFORE TAXATION

317,565

530,032

Tax on profit

79,751

132,190

PROFIT FOR THE FINANCIAL YEAR

237,814

397,842

PROFIT FOR THE YEAR

237,814

397,842

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

237,814

397,842

FIXED ASSETS

Tangible assets

4

239,195

353,683

CURRENT ASSETS

Stocks

12,100

-

Debtors

5

481,182

289,506

Cash at bank

471,510

480,384

964,792

769,890

CREDITORS

Amounts falling due within one year

6

87,947

245,355

NET CURRENT ASSETS

876,845

524,535

TOTAL ASSETS LESS CURRENT LIABILITIES

1,116,040

878,218

CAPITAL AND RESERVES

Called up share capital

7

10

2

Retained earnings

1,116,030

878,216

SHAREHOLDERS' FUNDS

1,116,040

878,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 10 December 2025 and were signed by:

J Falk - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 July 2023

2

480,374

480,376

Changes in equity

Total comprehensive income

-

397,842

397,842

Balance at 30 June 2024

2

878,216

878,218

Changes in equity

Issue of share capital

8

-

8

Total comprehensive income

-

237,814

237,814

Balance at 30 June 2025

10

1,116,030

1,116,040

1.	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.

Turnover

Turnover derives from the principal activity of the Company and is represented by invoiced sales excluding Value Added Tax.

Cost of sales

Cost of sales comprises goods consumed in the financial year measured at cost.

Administrative expenses

Administrative expenses include expenses relating to the Entity's ordinary activities.

Interest and similar income and charges

Interest and similar income and charges are recognised in the profit and loss account over the term of such instruments at a constant rate on the carrying amount.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Financial instruments

The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment.

Depreciation on tangible fixed assets is provided on a straight-line basis at rates estimated to write off the cost amounts, less estimated residual value, of each asset over its expected useful life of 15 years.

Tangible fixed assets are written down to the lower of recoverable amount and carrying amount.

Debtors

Debtors are valued individually and there are made provision according to this valuation.

Cash at bank

Cash at bank includes deposits held at call with banks.

Creditors

Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors are carried at amortized cost.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

3.

INTEREST RECEIVABLE AND SIMILAR INCOME

2025

2024

£

£

Other interests

1,939

4,176

Intercompany Interests

688

-

2,627

4,176

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2024

1,858,662

Additions

9,424

At 30 June 2025

1,868,086

DEPRECIATION

At 1 July 2024

1,504,979

Charge for year

123,912

At 30 June 2025

1,628,891

NET BOOK VALUE

At 30 June 2025

239,195

At 30 June 2024

353,683

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

14,089

Amounts owed by group undertakings

220,929

-

Other debtors

2,935

-

Deferred tax asset

109,000

89,000

Prepayments and accrued income

148,318

186,417

481,182

289,506

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

30,805

Amounts owed to group undertakings

-

17,133

Tax

37,251

152,190

VAT

9,209

15,936

Accruals and deferred income

41,487

29,291

87,947

245,355

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10

Ordinary shares

1

10

2

8.	ULTIMATE CONTROLLING PARTY

The company’s immediate parent undertaking is Nordic Biomass A/S, a company incorporated in Denmark.

The company’s ultimate parent undertaking and controlling party is Nordic Biomass Holding ApS, a company incorporated in Denmark.

The financial statements for the parent company may be obtained at:

Nordic Biomass A/S

Villerupvej 78

9800 Hjoerring

Denmark

The ultimate controlling party is Johannes Falk.