The directors present their annual report and the financial statements of Sturts Farm BESS Ltd ("the Company") for the period ended 31 March 2025.

The principal activity of the Company is the development, construction and operating of a battery storage project in Dorset, England.

The Company has performed in line with Directors' expectations, as the project is currently in the development phase.

The directors do not recommend payment of a final dividend.

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

The company has made qualifying third party indemnity provisions for the benefit of its directors during the period. These provisions remain in force at the reporting date.

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 the Accounting Policies.

This report has been prepared in accordance with the special provisions applicable to small companies entitled to the small companies exemption. Exemption has also been taken from the requirement to prepare a Strategic Report.

The notes on pages 4 to 6 form part of these financial statements.

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

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.

Sturts Farm BESS Ltd ("the Company") is a private company limited by shares incorporated in the United Kingdom. The registered office is 31-34 Alfred Place, London, England, WC1E 7DP.

The principal activity of the Company is the development, construction and operating of a battery storage project in Dorset, England.

The financial statements represent the Company's second reporting period and cover the period from 1 March 2025 to 31 March 2025, a period of 1 month. The shortened period does not conflict with the requirements of IAS 1.

The financial statements have been prepared in accordance with Financial Reporting Standard 101 Reduced Disclosure Framework (FRS 101) and in accordance with applicable accounting standards. Sturts Farm BESS Ltd has elected to apply the presentation requirements of IAS 1 as it is deemed to provide more relevant information to the users of the financial statements.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below and have been consistently applied to the years presented, unless otherwise stated.

As permitted by FRS 101, the company has taken advantage of the following disclosure exemptions from the requirements of IFRS:

• The following paragraphs of IAS 1, 'Presentation of financial statements':

- 10(d) (statement of cashflows);

- 16 (statement of compliance with all IFRS);

- 38A (requirement for minimum of two primary statements, including cash flow statements);

- 38B-D (additional comparative information);

- 111 (statement of cash flows information); and

- 134-136 (capital management disclosures).

• IAS 7, 'Statement of cash flows'.

• Paragraphs 30 and 31 of IAS 8, ‘Accounting policies, changes in accounting estimates and errors’ (requirement for the disclosure of information when an entity has not applied a new IFRS that has been issued but is not yet effective).

• Paragraphs 38 of IAS 1, 'Presentation of financial statements' – comparative information requirements in respect of:

- paragraph 79(a)(iv) of IAS 1; and

- paragraph 73(e) of IAS 16, 'Property, plant and equipment'.

• Paragraph 17 of IAS 24, ‘Related party disclosures’ (key management compensation).

• The requirements in IAS 24, ‘Related party disclosures’, to disclose related party transactions entered into between two or more members of a group.

Where required, equivalent disclosures are given in the group accounts of Eku Energy Group Limited. The group accounts of Eku Energy Group Limited are available to the public and can be obtained as set out in note 7.

The directors have at the time of approving the financial statements, a reasonable expectation that the truecompany 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.

Projects in development are not depreciated.

The company recognises financial debt when the company 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 company’s obligations are discharged, cancelled, or they expire.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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 Company’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, including the Directors, amounted to nil. The Directors are not employed by the company and did not receive any remuneration during the year.

Loans from fellow group undertakings relate to a shareholder loan from Eku Energy Projects (UK) Limited. The shareholder loan bears no interest, is repayable on demand and is unsecured.

The Company has one class of Ordinary Share with a nominal value of £1 each.

The immediate parent undertaking is Eku Energy Projects (UK) 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, WC1E 7DP.