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REGISTERED NUMBER: NI612428 (Northern Ireland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

| FOR |

| SLIEVEDRINNE ENERGY LTD |

SLIEVEDRINNE ENERGY LTD (REGISTERED NUMBER: NI612428)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

| Page |

Company Information | 1 |

Balance Sheet | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 6

SLIEVEDRINNE ENERGY LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | B Maginn

| Mrs M Maginn

| REGISTERED OFFICE: | 17 Clarendon Road

| Belfast

| Antrim

| BT1 3BG

| REGISTERED NUMBER: | NI612428 (Northern Ireland)

| ACCOUNTANTS: | Baker Tilly Mooney Moore

| 17 Clarendon Road

| Belfast

| BT1 3BG

SLIEVEDRINNE ENERGY LTD (REGISTERED NUMBER: NI612428)

BALANCE SHEET

31 MAY 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 235,464 |  | 247,738 |  |

CURRENT ASSETS

Debtors | 5 | 28,585 |  | 36,839 |  |

Cash at bank | 63,047 |  | 38,560 |  |

91,632 |  | 75,399 |  |

CREDITORS

Amounts falling due within one year | 6 | 64,263 |  | 60,214 |  |

NET CURRENT ASSETS | 27,369 |  | 15,185 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 262,833 |  | 262,923 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (5,401 | ) | (11,106 | ) |

PROVISIONS FOR LIABILITIES | (20,038 | ) | (20,895 | ) |

NET ASSETS | 237,394 |  | 230,922 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 237,294 |  | 230,822 |  |

237,394 |  | 230,922 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SLIEVEDRINNE ENERGY LTD (REGISTERED NUMBER: NI612428)

BALANCE SHEET - continued

31 MAY 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2026 and were signed on its behalf by:

B Maginn - Director

SLIEVEDRINNE ENERGY LTD (REGISTERED NUMBER: NI612428)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Slievedrinne Energy Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

| The address of the company's place of business is 9-11 Main Street Castlewellan BT31 9DA.

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.

| Significant judgements and estimates

| In preparing these financial statements the directors have made the following judgements:

| Establish whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and the business in general.

| The directors also consider the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Freehold property | - | not provided

| Plant and machinery | - | 6.25% on cost

| Fixtures, fittings & equipment | - | 20% on cost

| Motor vehicles | - | 20% on cost

| Freehold property relates to land on which no depreciation is provided.

SLIEVEDRINNE ENERGY LTD (REGISTERED NUMBER: NI612428)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| All financial instruments of the company are considered to meet the definition of basic financial instruments.

| - Debtors and creditors

| Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

| - Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and in hand.

| - Loans and borrowings

| All loans and borrowings are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one period or on demand are not amortised. Loans and borrowings are classified as current liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least 12 months after the financial period end date.

| 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.

3. | EMPLOYEES AND DIRECTORS

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

SLIEVEDRINNE ENERGY LTD (REGISTERED NUMBER: NI612428)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024 | 115,000 |  | 290,051 |  | 405,051 |  |

| Additions | - |  | 1,667 |  | 1,667 |  |

| At 31 May 2025 | 115,000 |  | 291,718 |  | 406,718 |  |

| DEPRECIATION

| At 1 June 2024 | - |  | 157,313 |  | 157,313 |  |

| Charge for year | - |  | 13,941 |  | 13,941 |  |

| At 31 May 2025 | - |  | 171,254 |  | 171,254 |  |

| NET BOOK VALUE

| At 31 May 2025 | 115,000 |  | 120,464 |  | 235,464 |  |

| At 31 May 2024 | 115,000 |  | 132,738 |  | 247,738 |  |

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Other debtors | 28,585 |  | 36,839 |  |

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans and overdrafts | 6,931 |  | 6,931 |  |

| Taxation and social security | 49,496 |  | 51,139 |  |

| Other creditors | 7,836 |  | 2,144 |  |

64,263 |  | 60,214 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans | 5,401 |  | 11,106 |  |