Company registration number 06746262 (England and Wales)
EP & T GLOBAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
EP & T GLOBAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 10
EP & T GLOBAL LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
141,608
-
0
Tangible assets
5
946,004
1,154,689
Debtors falling due after more than one year
6
25,170
59,313
1,112,782
1,214,002
Current assets
Stocks
33,392
74,362
Debtors falling due within one year
6
1,668,972
2,282,348
Cash at bank and in hand
329,412
283,699
2,031,776
2,640,409
Creditors: amounts falling due within one year
7
(1,483,771)
(1,043,889)
Net current assets
548,005
1,596,520
Total assets less current liabilities
1,660,787
2,810,522
Creditors: amounts falling due after more than one year
8
(6,087,390)
(4,971,139)
Net liabilities
(4,426,603)
(2,160,617)
Capital and reserves
Called up share capital
325,000
325,000
Profit and loss reserves
(4,751,603)
(2,485,617)
Total equity
(4,426,603)
(2,160,617)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered 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 5 March 2026 and are signed on its behalf by:
Mr PN Harsas
Director
Company Registration No. 06746262
EP & T GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

EP & T Global Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ground Floor Oakhurst House, 77 Mount Ephraim, Tunbridge Wells, Kent, UK, TN4 8BS.

1.1
Accounting convention

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
Going concern

At the entity level at 30 June 2025 the Company has net current assets of £487,057 (2024: £1,596,520 ) and owes £5,994,359 (2024: £4,863,843 ) to related undertakings. The primary driver of the increase in intercompany debt and reduction in net current assets are intercompany recharges. Although the company made a loss of £2,265,986 it incurred £2,320,842 in intercompany charges. As such the company is effectively profitable without the group charges. The parent company has provided a guarantee that it will not recall this loan within the next 12 months. Given these conditions the Company is able to operate as a going concern. The Company's ultimate controlling party is EPX Limited, which is listed on the Australian Stock Exchange.

At the group level there was previously an identified material uncertainty in relation to going concern. However, post year end the group's financial position improved with it raising AUD$5m in equity funding as such the group auditors have raised no issues in relation to the going concern which would impact the consideration of going concern at entity level. The directors are confident that there are sufficient funds to support the ongoing business operations of the group for over 12 months. On this basis, the financial report has been prepared on a going concern basis.

1.3
Turnover

Turnover represents net invoiced sales of services, excluding value added tax, after taking into account any trade discounts and volume rebates allowed.

Turnover arises mainly from installation of energy saving equipment (Projects Revenue), after-sales monitoring (Contracted Service Revenue) and maintenance services (Service and Maintenance Revenue).

Turnover is recognised either at a point in time or over time, when (or as) the Company satisfies performance obligations by transferring the promised goods or services to its customers. The Company recognises contract liabilities for consideration received in respect of unsatisfied performance obligations and reports these amounts as other liabilities in the Statement of financial position. Similarly, if the Company satisfies a performance obligation before it receives the consideration, the Company recognises either a contract asset or a receivable in its Statement of financial position, depending on whether something other than the passage of time is required before the consideration is due.

EP & T GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -

Turnover for each stream is recognised as follows:

- Projects Revenue - Revenue from the installation of the system is recognised over time based on percentage of completion assessed on costs incurred as a percentage of total installation costs.

- Contracted Service Revenue is recognised over time as the services are provided to the customer. Service and Maintenance Revenue is recognised at a point in time when the service or maintenance has been provided.

1.4
Intangible fixed assets other than goodwill

Amortisation 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:

Business Acquisition
Straight line over 5 years

I ntangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

1.5
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.

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:

Computers
Straight line over 3.75 years
Project equipment
Straight line over useful economic life

Assets in the projects under deployment category 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 credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company 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.

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.

EP & T GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -

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.

1.7
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.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

1.8
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.

1.9
Financial instruments

The company 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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 method 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.

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 company after deducting all of its liabilities.

EP & T GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
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. A m ounts 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.

1.10
Equity instruments

Equity instruments issued by the company 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 company.

1.11
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.

1.12
Retirement benefits

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

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

EP & T GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Provisions for warranties

Provisions for warranties are based on historical results and management experience. Management are confident that no provision is required as they are currently providing lifetime savings on all existing projects and will continue to do so. If this changes then management will make the necessary provision.

3
Employees

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

2025
2024
Number
Number
Total
19
16
4
Intangible fixed assets
Business Acquisition
£
Cost
At 1 July 2024
-
0
Additions
163,256
At 30 June 2025
163,256
Amortisation and impairment
At 1 July 2024
-
0
Amortisation charged for the year
21,648
At 30 June 2025
21,648
Carrying amount
At 30 June 2025
141,608
At 30 June 2024
-
0
EP & T GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
5
Tangible fixed assets
Computers
Project equipment
Projects under deployment
Total
£
£
£
£
Cost
At 1 July 2024
16,920
1,827,661
79,649
1,924,230
Additions
8,495
7,073
417,910
433,478
Disposals
-
0
(3,735)
-
(3,735)
Revaluation
-
0
-
0
(4,251)
(4,251)
Transfers
-
0
406,153
(406,153)
-
0
At 30 June 2025
25,415
2,237,152
87,155
2,349,722
Depreciation and impairment
At 1 July 2024
10,086
759,455
-
769,541
Depreciation charged in the year
3,560
633,107
-
636,667
Eliminated in respect of disposals
-
0
(2,490)
-
(2,490)
At 30 June 2025
13,646
1,390,072
-
1,403,718
Carrying amount
At 30 June 2025
11,769
847,080
87,155
946,004
At 30 June 2024
6,834
1,068,206
79,649
1,154,689
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
500,283
1,175,995
Amounts owed by group undertakings
1,096,905
1,010,786
Other debtors
20,447
27,264
Prepayments and accrued income
51,337
68,303
1,668,972
2,282,348
2025
2024
Amounts falling due after more than one year:
£
£
Prepayments and accrued income
25,170
59,313
Total debtors
1,694,142
2,341,661
EP & T GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Other borrowings
9,419
-
0
Trade creditors
158,450
128,850
Taxation and social security
188,818
68,867
Other creditors
314,394
271,414
Deferred income
812,690
574,758
1,483,771
1,043,889
8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Amounts owed to group undertakings
6,020,307
4,863,843
Deferred income
67,083
107,296
6,087,390
4,971,139
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Paul Davis
Statutory Auditor:
Bright Grahame Murray
Date of audit report:
9 March 2026
EP & T GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
10
Acquisition

On 2 October 2024 the company acquired the technology and related business assets of Coda Cloud Limited (‘Coda’) in the United Kingdom (UK). The Coda technology is installed in over 200 sites in the UK, with its primary use to monitor, manage and control energy usage in transport depots, train stations and energy intensive sites (e.g. telecommunication centres). Total consideration at the date of the acquisition was £163,256 comprising a payment of £60,000 in cash and £42,556 in shares in the Group and contingent consideration of £49,931. The Group issued 3,565,062 shares at $0.033 per share, a 43% premium to the last share price (30 September 2024). Performance-based payments may be made to the seller if certain financial thresholds are achieved.

Fair Value
£
Intangible assets
163,256
Trade and other payables
(10,769)
Total identifiable net assets
152,487
Goodwill
-
Total consideration
152,487
Satisfied by:
£
Cash
60,000
Issue of shares
42,556
Deferred consideration
49,931
152,487
11
Operating lease commitments
As lessee

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

2025
2024
£
£
Total commitments
182,400
51,200
12
Related party transactions
Transactions with related parties

The company has taken advantage of the exemptions available under FRS 102 to not disclose any transactions or balances with entities that are 100% controlled by EPX Limited (Australia).

EP & T GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 10 -
13
Parent company

The immediate parent undertaking of this Company is EPX Limited, Australia., a company incorporated in Australia. No single shareholder has a controlling interest in EPX Limited, Australia.

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