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Registration number: 10114933

FVB District Energy UK Ltd
Filleted Financial Statements
for the Year Ended 31 December 2025

FVB District Energy UK Ltd

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 5

FVB District Energy UK Ltd

(Registration number: 10114933)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 9,364 | 2,789
Current assets |  |  |
Debtors | 5 | 248,125 | 287,029
Cash at bank and in hand |  | 356,044 | 146,572
|  | 604,169 | 433,601
Creditors: Amounts falling due within one year | 6 | (296,938) | (212,974)
Net current assets |  | 307,231 | 220,627
Net assets |  | 316,595 | 223,416
Capital and reserves |  |  |
Called up share capital |  | 105,000 | 105,000
Retained earnings |  | 211,595 | 118,416
Shareholders' funds |  | 316,595 | 223,416

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 March 2026 and signed on its behalf by:

......................................... C B Engberg Director

FVB District Energy UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Dog House
150 Friar Street
Reading
Berkshire
RG1 1HE
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) and rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 12 March 2026 was Dean Blunden BFP FCA, who signed for and on behalf of UHY Ross Brooke.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for provision of services in the ordinary course of the company’s activities. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Contract revenue recognition

Turnover from the rendering of services is recognised by reference to the cost incurred on the projects each month. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Foreign currency transactions and balances

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

FVB District Energy UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Asset class | Depreciation method and rate
Office equipment | 33% on straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

FVB District Energy UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 January 2025 | 8,290 | 8,290
Additions | 9,313 | 9,313
At 31 December 2025 | 17,603 | 17,603
Depreciation
At 1 January 2025 | 5,501 | 5,501
Charge for the year | 2,738 | 2,738
At 31 December 2025 | 8,239 | 8,239
Carrying amount
At 31 December 2025 | 9,364 | 9,364
At 31 December 2024 | 2,789 | 2,789

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 234,960 | 272,902
Prepayments | 11,859 | 10,173
Other debtors | 1,306 | 3,954
| 248,125 | 287,029

FVB District Energy UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | - | 16,292
Amounts owed to group undertakings | 8 | 90,767 | 60,736
Taxation and social security |  | 76,338 | 66,444
Other creditors |  | 129,833 | 69,502
|  | 296,938 | 212,974

7 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £122,569 (2024 - £12,866). This is the total of future minimum payments under non-cancellable agreements.

8 | Related party transactions

Summary of transactions with parent

The company is a wholly owned subsidiary member of it's group and has therefore taken advantage of the provisions of section 33.1A of FRS 102 the "The Financial Reporting Standard applicable in the UK and Republic of Ireland" not to disclose trnasactions with entities that are wholly owned members of the group.

9 | Parent and ultimate parent undertaking

The ultimate controlling party is FVB Sverige AB who controls 100% of the shares of FVB District Energy UK Ltd.
The company's immediate parent is FVB Sverige AB, incorporated in Sweden.
These financial statements are available upon request from the secretary, 8 Isolatorvagen, Vasteras, 721 37, Sweden.