Company registration number 13810318 (England and Wales)
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
COMPANY INFORMATION
Directors
M J Walsh
M J J Walsh
S Walsh
M A Collier
Company number
13810318
Registered office
Astley House
Lower Green Lane
Astley
Manchester
M29 7JZ
Accountants
Cowgills Limited
Fourth Floor
Unit 5B, The Parklands
Bolton
BL6 4SD
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Group balance sheet
4 - 5
Company balance sheet
6
Group statement of changes in equity
7
Company statement of changes in equity
8
Notes to the financial statements
9 - 22
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company continued to be that of a holding company.

The principal activity of the company and group is that of site restoration and habitat bank creation.

Results and dividends

No ordinary dividends were paid. The directors do not recommend payment of a further dividend.

Directors

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

M J Walsh
M J J Walsh
S Walsh
M A Collier
Review of the group

During the course of the year the Green Earth Developments Group achieved certification as a B Corp which further enhances the environmental positioning of the Group. Green Earth Biodiversity Bank Ltd is now trading biodiversity habitat units from six registered habitat banks with a strong pipeline of additional sites being progressed to trading status in FY25/26. Green Earth Restorations Ltd commenced work on the Cledford Lane lagoons site, a re-engineering and nature re-build project undertaken in collaboration with Tata Chemicals (Europe) Limited. Astley Sand & Aggregates Ltd constructed and commenced trading on a secondary aggregate re-processing facility on it’s site at Morleys Quarry, Wigan.

Small companies exemption

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

On behalf of the board
M A Collier
Director
12 February 2026
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GREEN EARTH DEVELOPMENTS (GROUP) LIMITED FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Green Earth Developments (Group) Limited (the ‘parent company’) and its subsidiaries (the ‘group’) for the year ended 31 March 2025 which comprise the group profit and loss account, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity and the related notes from the 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 at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Green Earth Developments (Group) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Green Earth Developments (Group) Limited and state those matters that we have agreed to state to the b oard of d irectors of Green Earth Developments (Group) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Green Earth Developments (Group) Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Green Earth Developments (Group) 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 loss of Green Earth Developments (Group) Limited. You consider that Green Earth Developments (Group) 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 Green Earth Developments (Group) 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 f inancial statements.

Cowgills Limited
Chartered Accountants
Fourth Floor
Unit 5B, The Parklands
Bolton
BL6 4SD
12 February 2026
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2025
2024
£
£
Turnover
9,549,716
5,268,434
Cost of sales
(3,073,273)
(2,562,570)
Gross profit
6,476,443
2,705,864
Administrative expenses
(3,059,988)
(1,726,855)
Other operating income
8
-
Operating profit
3,416,463
979,009
Interest receivable and similar income
119,891
102,795
Interest payable and similar expenses
(348,859)
(192,723)
Profit before taxation
3,187,495
889,081
Tax on profit
3
(761,192)
(210,538)
Profit for the financial year
2,426,303
678,543
Profit for the financial year is all attributable to the owners of the parent company.
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
GROUP BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
(1,461,036)
(1,660,532)
Tangible assets
5
6,529,011
5,758,909
5,067,975
4,098,377
Current assets
Stocks
415,714
420,501
Debtors
8
9,341,000
4,409,056
Cash at bank and in hand
198,613
380,529
9,955,327
5,210,086
Creditors: amounts falling due within one year
9
(8,834,843)
(5,648,129)
Net current assets/(liabilities)
1,120,484
(438,043)
Total assets less current liabilities
6,188,459
3,660,334
Creditors: amounts falling due after more than one year
10
(892,095)
(898,978)
Provisions for liabilities
13
(979,256)
(870,551)
Net assets
4,317,108
1,890,805
Capital and reserves
Called up share capital
14
1,000
1,000
Profit and loss reserves
4,316,108
1,889,805
Total equity
4,317,108
1,890,805

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

Directors' responsibilities under the Companies Act 2006:

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

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

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

GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
GROUP BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 5 -
The financial statements were approved by the board of directors and authorised for issue on 12 February 2026 and are signed on its behalf by:
12 February 2026
M A Collier
Director
Company registration number 13810318 (England and Wales)
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
COMPANY BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 6 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
261,531
276,821
Investments
6
946,604
946,504
1,208,135
1,223,325
Current assets
Debtors
8
6,345,931
4,133,144
Cash at bank and in hand
17,880
30,161
6,363,811
4,163,305
Creditors: amounts falling due within one year
9
(6,858,787)
(4,977,225)
Net current liabilities
(494,976)
(813,920)
Net assets
713,159
409,405
Capital and reserves
Called up share capital
14
1,000
1,000
Profit and loss reserves
712,159
408,405
Total equity
713,159
409,405

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £303,754 (2024 - £118,566 profit).

For the financial year 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 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.

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

These 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 board of directors and authorised for issue on 12 February 2026 and are signed on its behalf by:
12 February 2026
M A Collier
Director
Company registration number 13810318 (England and Wales)
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
1,000
1,211,262
1,212,262
Period ended 31 March 2024:
Profit and total comprehensive income
-
678,543
678,543
Balance at 31 March 2024
1,000
1,889,805
1,890,805
Year ended 31 March 2025:
Profit and total comprehensive income
-
2,426,303
2,426,303
Balance at 31 March 2025
1,000
4,316,108
4,317,108
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
1,000
289,839
290,839
Period ended 31 March 2024:
Profit and total comprehensive income for the period
-
118,566
118,566
Balance at 31 March 2024
1,000
408,405
409,405
Year ended 31 March 2025:
Profit and total comprehensive income
-
303,754
303,754
Balance at 31 March 2025
1,000
712,159
713,159
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
1
Accounting policies
Company information

Green Earth Developments (Group) Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Astley House, Lower Green Lane, Astley, Manchester, M29 7JZ.

The group consists of Green Earth Developments (Group) Limited and all of its subsidiaries.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts 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.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Green Earth Developments (Group) Limited together with all entities controlled by the parent company (its subsidiaries).

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 g roup.

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.

GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 10 -

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

1.4
Going concern

A t the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

From a group perspective, continued financial support is provided by the directors. Included in other creditors is a balance of £3,153,3 70 (2024: £3,153,340) due to the directors, which has been repaid in full including interest in July 2025.

From a company only perspective continued financial support is provided by group companies. Included in creditors is a balance of £2,874,076 (2024: £2,091,768) due to fellow group companies. Also included in other creditors is a balance of £2,500,102 (2024: £2,500,072) due to the directors. Both of which, although are repayable on demand, will not be sought for repayment until cash flow permits.

Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.5
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover falls into two categories, sale of landfill gas and gate fees for receipt of soils for restoration purposes. Sale of landfill gas is recognised as power, as it is supplied to the National Grid. Sales in relation to gate fees for receipt of materials are recognised as material is delivered.

1.6
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.7
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 11 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not provided
Leasehold land and buildings
20% p.a. straight-line basis
Plant and equipment
5 - 33% p.a. straight-line basis
Fixtures and fittings
20 - 25% p.a. straight-line basis
Computers
20 - 25% p.a. straight-line basis
Motor vehicles
25% p.a. straight-line basis

Freehold land, and Leasehold land and buildings that are not in use at the year end, are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Assets under construction are not depreciated until they are brought into use.

1.8
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 12 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.10
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.11
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.12
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 13 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.13
Equity instruments

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

1.14
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 14 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.15
Provisions

Provisions are recognised when the group has a legal or constructive present obligation as a result of a past event, it is probable that the group will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Aftercare and restoration provision

Provision for the cost of restoring the former landfill site is made as the obligation to restore the site arises. Costs are charged to the profit and loss account over the operational life on the basis of the usage of void space in the landfill site. The restoration obligation is typically fulfilled within 2 years of the landfill site being closed to waste.

Provision is made for the net present value of post closure costs based on the quantity of materials deposited in the year. Similar costs incurred during the operating life of the sites are written off directly to the profit and loss account and not charged to the provision.

The long term provision for restoration is calculated based on future costs, using discounting rate of 9%. The effects of inflation and unwinding of the discount element of the provision are reflected within the financial statements as a finance charge.

1.16
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.17
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 15 -
1.18
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Total
22
19
0
0
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
643,573
-
0
Deferred tax
Origination and reversal of timing differences
117,619
210,538
Total tax charge
761,192
210,538
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
4
Intangible fixed assets
Group
Goodwill
Negative goodwill
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
116,278
(2,114,106)
(1,997,828)
Amortisation and impairment
At 1 April 2024
17,442
(354,738)
(337,296)
Amortisation charged for the year
11,628
(211,124)
(199,496)
At 31 March 2025
29,070
(565,862)
(536,792)
Carrying amount
At 31 March 2025
87,208
(1,548,244)
(1,461,036)
At 31 March 2024
98,836
(1,759,368)
(1,660,532)
The company had no intangible fixed assets at 31 March 2025 or 31 March 2024.
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 17 -
5
Tangible fixed assets
Group
Freehold land and buildings
Leasehold land and buildings
Assets under construction
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
£
£
Cost
At 1 April 2024
2,699,427
200,725
423,080
2,424,993
113,832
23,634
188,825
6,074,516
Additions
65,977
373,582
-
0
615,730
4,505
2,064
267,475
1,329,333
Disposals
-
0
-
0
-
0
(57,735)
-
0
-
0
(56,073)
(113,808)
Transfers
-
0
-
0
-
0
299,300
-
0
-
0
-
0
299,300
Other changes
-
0
-
0
(299,300)
-
0
-
0
-
0
-
0
(299,300)
At 31 March 2025
2,765,404
574,307
123,780
3,282,288
118,337
25,698
400,227
7,290,041
Depreciation and impairment
At 1 April 2024
-
0
-
0
-
0
262,852
25,601
7,245
19,909
315,607
Depreciation charged in the year
-
0
1,347
-
0
377,633
24,071
6,374
63,732
473,157
Eliminated in respect of disposals
-
0
-
0
-
0
(13,716)
-
0
-
0
(14,018)
(27,734)
At 31 March 2025
-
0
1,347
-
0
626,769
49,672
13,619
69,623
761,030
Carrying amount
At 31 March 2025
2,765,404
572,960
123,780
2,655,519
68,665
12,079
330,604
6,529,011
At 31 March 2024
2,699,427
200,725
423,080
2,162,141
88,231
16,389
168,916
5,758,909
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
Company
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 April 2024
199,427
-
0
80,700
16,815
296,942
Additions
-
0
459
3,185
2,064
5,708
At 31 March 2025
199,427
459
83,885
18,879
302,650
Depreciation and impairment
At 1 April 2024
-
0
-
0
16,140
3,981
20,121
Depreciation charged in the year
-
0
67
16,246
4,685
20,998
At 31 March 2025
-
0
67
32,386
8,666
41,119
Carrying amount
At 31 March 2025
199,427
392
51,499
10,213
261,531
At 31 March 2024
199,427
-
0
64,560
12,834
276,821
6
Fixed asset investments
Group
Company
2025
2024
2025
2024
£
£
£
£
Shares in group undertakings and participating interests
-
0
-
0
946,604
946,504
Movements in fixed asset investments
Company
Shares in subsidiaries and joint ventures
£
Cost or valuation
At 1 April 2024
946,504
Additions
100
At 31 March 2025
946,604
Carrying amount
At 31 March 2025
946,604
At 31 March 2024
946,504
GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
7
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

Name of undertaking
Address
Nature of business
Class of
% Held
shares held
Direct
Whitehead Restoration Ltd
1
Restoration of former landfill sites
Ordinary
100.00
Astley Sand & Aggregates Limited
1
Operation of a sand quarry
Ordinary
100.00
Green Earth Developments Limited
1
Preliminary work on potential new sites
Ordinary
100.00
Green Earth Biodiversity Bank Limited
1
Dormant
Ordinary
100.00
Green Earth Restorations Limited
1
Restoration of brownfield sites
Ordinary
100.00
Wallerscote Solar Developments Ltd
1
Dormant
Ordinary
100.00
Green Earth (Weston) Limited
1
Creation of biodiversity habitats in Halton Borough
Ordinary
100.00
Green earth (Stairfoot) Limited
1
Remediation and landscape activities
Ordinary
100.00

Registered office addresses (all UK unless otherwise indicated):

1
Astley House, Lower Green Lane, Astley, Manchester, M29 7JZ
8
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
5,380,711
1,198,309
35,074
21,192
Corporation tax recoverable
-
0
-
0
78,087
-
0
Amounts owed by group undertakings
-
0
-
0
5,091,901
3,815,890
Other debtors
1,373,281
1,142,475
998,273
232,443
6,753,992
2,340,784
6,203,335
4,069,525
Deferred tax asset
-
-
142,596
63,619
6,753,992
2,340,784
6,345,931
4,133,144
Amounts falling due after more than one year:
Other debtors
2,587,008
2,068,272
-
-
Total debtors
9,341,000
4,409,056
6,345,931
4,133,144

Other debtors falling due after more than one year, includes funds held on deposit by the Environment Agency of £2,587,008 (202 4: £2,068,272).

GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 20 -
9
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
£
£
£
£
Trade creditors
888,485
791,178
234,062
144,275
Amounts owed to group undertakings
-
0
-
0
2,874,076
2,091,768
Corporation tax payable
645,875
2,027
-
0
-
0
Other taxation and social security
845,440
81,147
160,120
-
0
Other creditors
6,455,043
4,773,777
3,590,529
2,741,182
8,834,843
5,648,129
6,858,787
4,977,225

Included in other creditors is an amount of £521,079 (202 4: £362,942) in relation to hire purchase liabilities that are secured on the assets to which they relate.

10
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
£
£
£
£
Other creditors
892,095
898,978
-
0
-
0

Included in other creditors is an amount of £892,095 (2024: £898,978) in relation to hire purchase liabilities that are secured on the assets to which they relate.

11
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Other loans
-
112,494
-
-
Payable within one year
-
112,494
-
-

The short term loan is unsecured.

GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
12
Finance lease obligations
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
521,078
362,942
-
0
-
0
In two to five years
892,095
898,978
-
0
-
0
1,413,173
1,261,920
-
-

Finance lease payments represent rentals payable by the company or group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 5 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

13
Provisions for liabilities
Group
Company
2025
2024
2025
2024
£
£
£
£
Aftercare and restoration provision
415,263
424,177
-
-
Deferred tax liabilities
563,993
446,374
-
0
-
0
979,256
870,551
-
-
Movements on provisions apart from deferred tax liabilities:
Aftercare and restoration provision
Group
£
At 1 April 2024
424,177
Reversal of provision
(8,914)
At 31 March 2025
415,263

Aftercare and restoration provision

The total post closure costs, including items such as monitoring, gas and leachate management, have been estimated by the directors and management based on current practice and technology available. These may be impacted by a number of factors including changes in legislation and improvements in technology. The dates of payment of these aftercare costs are uncertain but are anticipated to be over a period of approximately 6 0 years from the closure of the landfill site.

The s ite restoration provision relates to the cost of final capping and covering of the landfill site. These costs may be impacted by a number of factors including changes in legislation and changes in technology. The dates of payment of these costs are uncertain but are anticipated to be paid over a period of up to 1 5 years from 3 1 March 2025.

GREEN EARTH DEVELOPMENTS (GROUP) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 22 -
14
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary "A" shares of £1 each
440
440
440
440
Ordinary "B" shares of £1 each
280
280
280
280
Ordinary "C" shares of £1 each
280
280
280
280
1,000
1,000
1,000
1,000
15
Operating lease commitments

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
320,433
335,128
-
-
16
Capital commitments

Amounts contracted for but not provided in the financial statements:

Group
Company
2025
2024
2025
2024
£
£
£
£
Acquisition of tangible fixed assets
-
365,888
-
-
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